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GOODWILL AND OTHER INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The changes in the carrying amount of goodwill for the two years ended December 31, 2024 are as follows:
| Enterprise Software |  | Platform Technologies |  | Total
Balance as of 12/31/2022 | $ | 834,693 |  |  | $ | 1,654,615 |  |  | $ | 2,489,308 |
Goodwill acquired related to the purchase of CSI | 19,421 |  |  | — |  |  | 19,421 |
Goodwill acquired related to the purchase of ARInspect | — |  |  | 13,627 |  |  | 13,627 |
Goodwill acquired related to the purchase of ResourceX | 9,978 |  |  | — |  |  | 9,978 |
Goodwill acquired related to the purchase of other acquisitions | — |  |  | (225) |  |  | (225) |
Transfer from ES to PT | (27,090) |  |  | 27,090 |  |  | — |
Balance as of 12/31/2023 | 837,002 |  |  | 1,695,107 |  |  | 2,532,109 |
Purchase price adjustments related to the purchase of prior year acquisitions | (235) |  |  | (221) |  |  | (456) |
Balance as of 12/31/2024 | $ | 836,767 |  |  | $ | 1,694,886 |  |  | $ | 2,531,653 |
Other intangible assets and related accumulated amortization consists of the following at December 31:
| 2024 |  | 2023
Gross carrying amount of other intangibles: |  |  |
Client related intangibles | $ | 958,924 |  |  | $ | 1,015,919 |
Acquired software | 284,900 |  |  | 466,253 |
Trade names | 5,320 |  |  | 45,002 |
Leases acquired | 4,585 |  |  | 5,037 |
| 1,253,729 |  |  | 1,532,211 |
Accumulated amortization | (421,763) |  |  | (603,341) |
Total other intangibles, net | $ | 831,966 |  |  | $ | 928,870 |
Amortization expense for acquired software is recorded to cost of revenues. Amortization expense for client related intangibles, trade names and leases acquired is recorded to amortization of other intangibles. Total amortization expense for other intangible assets was $96.9 million in 2024, $111.0 million in 2023, and $113.9 million in 2022. The amortization periods of other intangible assets is summarized in the following table:
| December 31, 2024 |  | December 31, 2023
| Gross Carrying Amount |  | Weighted Average Amortization Period |  | Accumulated Amortization |  | Gross Carrying Amount |  | Weighted Average Amortization Period |  | Accumulated Amortization
Non-amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 2,531,653 |  |  | — |  |  | $ | — |  |  | $ | 2,532,109 |  |  | — |  |  | $ | — |
Amortizable intangibles: |  |  |  |  |  |  |  |  |  |  |
Client related intangibles | $ | 958,924 |  |  | 18 years |  | $ | 261,407 |  |  | $ | 1,015,919 |  |  | 18 years |  | $ | 263,672 |
Acquired software | 284,900 |  |  | 8 years |  | 152,317 |  |  | 466,253 |  |  | 7 years |  | 296,704 |
Trade names | 5,320 |  |  | 12 years |  | 3,902 |  |  | 45,002 |  |  | 7 years |  | 38,838 |
Leases acquired | 4,585 |  |  | 7 years |  | 4,137 |  |  | 5,037 |  |  | 9 years |  | 4,127 |
Estimated annual amortization expense related to other intangible assets:
2025 | $ | 92,208 |
2026 | 84,871 |
2027 | 82,777 |
2028 | 79,983 |
2029 | 62,143 |
Thereafter | 429,984 |
| $ | 831,966 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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