Acquired Intangible Assets and Goodwill

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

Acquired intangible assets that are subject to amortization consisted of the following as of September 30, 2025 and December 31, 2024 (in thousands):


	September 30, 2025						December 31, 2024
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Completed technologies	$	465,699	$	(252,850)	$	212,849	$	463,766	$	(223,480)	$	240,286
Customer-related intangible assets	764,439		(368,459)		395,980		758,817		(313,991)		444,826

Trademarks and trade names	15,350		(11,790)		3,560		15,318		(10,579)		4,739
Acquired license rights	44,811		(9,720)		35,091		44,810		(7,076)		37,734
Total	$	1,290,299	$	(642,819)	$	647,480	$	1,282,711	$	(555,126)	$	727,585

Based on the Company’s acquired intangible assets as of September 30, 2025, aggregate expense related to amortization of acquired intangible assets is expected to be $27.9 million for the remainder of 2025, and $104.0 million, $89.2 million, $81.8 million and $75.9 million for 2026, 2027, 2028 and 2029, respectively.

The changes in the carrying amount of goodwill for the nine months ended September 30, 2025 were as follows (in thousands):


Balance as of January 1, 2025	$	3,151,077
Measurement period adjustments related to an acquisition completed in prior year	(996)


Foreign currency translation	20,042
Balance as of September 30, 2025	$	3,170,123

The Company tests goodwill for impairment at least annually. Through the date the interim condensed consolidated financial statements were issued, no triggering events have occurred that would indicate that a potential impairment exists.