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ACQUIRED INTANGIBLE ASSETS | 9 Months Ended
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Sep. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
ACQUIRED INTANGIBLE ASSETS | ACQUIRED INTANGIBLE ASSETS The following table details acquired intangible assets (in thousands):
| Balance at September 30, 2025
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 359,008 |  |  | $ | (284,046) |  |  | $ | 74,962 |
Customer assets | 15 years |  | 1,396,795 |  |  | (366,020) |  |  | 1,030,775 |
Trade names and other | 9 years |  | 389,137 |  |  | (168,783) |  |  | 220,354 |
Total |  |  | $ | 2,144,940 |  |  | $ | (818,849) |  |  | $ | 1,326,091 |
| Balance at December 31, 2024
Weighted Average Estimated Useful Life |  | Cost |  | Accumulated Amortization |  | Net
Technology assets | 5 years |  | $ | 353,791 |  |  | $ | (241,110) |  |  | $ | 112,681 |
Customer assets | 15 years |  | 1,401,102 |  |  | (332,153) |  |  | 1,068,949 |
Trade names and other | 9 years |  | 389,137 |  |  | (137,700) |  |  | 251,437 |
Total |  |  | $ | 2,144,030 |  |  | $ | (710,963) |  |  | $ | 1,433,067 |
All intangible assets are amortized over their estimated useful lives. The change in the carrying value of intangible assets was as follows (in thousands):
| Three Months Ended September 30, |  | Nine Months Ended September 30, |  |
| 2025 |  | 2024 |  | 2025 |  | 2024 |  |  |  |
Acquired intangible assets, net, beginning of the period | $ | 1,368,735 |  |  | $ | 1,629,183 |  |  | $ | 1,433,067 |  |  | $ | 1,761,521 |  |  |  |  |
Acquisitions | 5,217 |  |  | 7,536 |  |  | 5,217 |  |  | 7,536 |  |  |  |  |
Amortization expense | (47,990) |  |  | (53,207) |  |  | (144,615) |  |  | (172,918) |  |  |  |  |
Foreign currency translation and other adjustments | 129 |  |  | 24,424 |  |  | 32,422 |  |  | 11,797 |  |  |  |  |
Acquired intangible assets, net, end of the period | $ | 1,326,091 |  |  | $ | 1,607,936 |  |  | $ | 1,326,091 |  |  | $ | 1,607,936 |  |  |  |  |
The estimated future amortization expense of intangible assets as of September 30, 2025 was as follows (in thousands):
Remainder of 2025 | $ | 52,655 |
2026 | 183,187 |
2027 | 139,623 |
2028 | 135,835 |
2029 | 135,204 |
Thereafter | 679,587 |
Total | $ | 1,326,091 |

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