GOODWILL AND OTHER INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

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