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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Change in Goodwill | The change in goodwill during 2024 consisted of the following:
(dollars in thousands) | Total
Balance at December 31, 2023 | $ | 1,053,738 |
Effect of foreign currency translation | (1,232) |
Balance at December 31, 2024 | $ | 1,052,506 |
Fair Values Of Intangible Assets Acquired In Various Business Combinations By Class | The table below sets forth the balances of each class of intangible asset and related amortization as of:
| December 31,
(dollars in thousands) | 2024 | 2023
Finite-lived gross carrying amount |  |
Customer relationships | $ | 243,203 |  | $ | 570,104 |
Marketing assets | 29,876 |  | 71,308 |
Developed technology | 110,606 |  | 182,956 |
Content | — |  | 17,900 |
Total finite-lived gross carrying amount | 383,685 |  | 842,268 |
Accumulated amortization |  |
Customer relationships | (173,720) |  | (174,982) |
Marketing assets | (11,660) |  | (11,985) |
Developed technology | (65,424) |  | (69,386) |
Content | — |  | (3,978) |
Total accumulated amortization | (250,804) |  | (260,331) |
Intangible assets, net | $ | 132,881 |  | $ | 581,937 |
Summary of Amortization Expense | The following table summarizes amortization expense of our finite-lived intangible assets:
| Years ended December 31,
(dollars in thousands) | 2024 | 2023 | 2022
Included in cost of revenue: |  |  |
Cost of recurring | $ | 55,659 |  | $ | 51,079 |  | $ | 47,085 |
Cost of one-time services and other | 1,298 |  | 1,384 |  | 1,407 |
Total included in cost of revenue | 56,957 |  | 52,463 |  | 48,492 |
Included in operating expenses | 3,541 |  | 3,139 |  | 2,925 |
Total amortization of intangibles from business combinations | $ | 60,498 |  | $ | 55,602 |  | $ | 51,417 |
Future Amortization Expense for Finite-Lived Intangible Assets | The following table outlines the estimated future amortization expense for each of the next five years for our finite-lived intangible assets as of December 31, 2024:
Years ending December 31, (dollars in thousands) | Amortization expense
2025 | 29,498 |
2026 | 23,771 |
2027 | 20,518 |
2028 | 15,484 |
2029 | 14,061 |
Total | $ | 103,332 |

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