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Goodwill and Intangible Assets (Notes) | 3 Months Ended
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Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets Disclosure [Text Block] | Goodwill and Intangible Assets, Net Goodwill The following table presents the changes in the carrying amount of our goodwill (in thousands):
|  | Total
Balance as of January 1, 2023 |  | $ | 1,449,258 |
Currency translation |  | 13,468 |
Balance as of March 31, 2023 |  | $ | 1,462,726 |
Intangible Assets, Net Intangible assets, carried at cost less accumulated amortization and amortized on a straight-lined basis, were as follows (in thousands):
|  | Weighted-Average Amortization Life in Years |  | March 31, 2023
|  |  | Cost |  | Accumulated Amortization |  | Net
Patents |  | 10 |  | $ | 30,735 |  |  | $ | 19,092 |  |  | $ | 11,643 |
Customer contracts |  | 12 |  | 10,046 |  |  | 6,527 |  |  | 3,519 |
Non-contractual customer relationships |  | 8 |  | 550,703 |  |  | 118,687 |  |  | 432,016 |
Trademarks |  | 1 |  | 5,425 |  |  | 5,425 |  |  | — |
Trade name |  | 15 |  | 18,249 |  |  | 6,247 |  |  | 12,002 |
Developed technology |  | 10 |  | 584,957 |  |  | 123,357 |  |  | 461,600 |
Non-compete |  | 3 |  | 9,100 |  |  | 5,800 |  |  | 3,300 |
Total amortized intangible assets |  |  |  | $ | 1,209,215 |  |  | $ | 285,135 |  |  | $ | 924,080 |
Internally developed software* |  |  |  | $ | 33,602 |  |  |  |  | $ | 33,602 |
Total intangible assets |  |  |  | $ | 1,242,817 |  |  | $ | 285,135 |  |  | $ | 957,682 |
______________________________ * Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.
|  | Weighted-Average Amortization Life in Years |  | December 31, 2022
|  |  | Cost |  | Accumulated Amortization |  | Net
Patents |  | 10 |  | $ | 29,998 |  |  | $ | 18,610 |  |  | $ | 11,388 |
Customer contracts |  | 12 |  | 10,026 |  |  | 6,443 |  |  | 3,583 |
Non-contractual customer relationships |  | 8 |  | 546,935 |  |  | 101,556 |  |  | 445,379 |
Trademarks |  | 1 |  | 5,425 |  |  | 5,425 |  |  | — |
Trade name |  | 15 |  | 18,251 |  |  | 5,959 |  |  | 12,292 |
Developed technology |  | 10 |  | 583,176 |  |  | 108,708 |  |  | 474,468 |
Non-compete |  | 3 |  | 9,100 |  |  | 5,250 |  |  | 3,850 |
Total amortized intangible assets |  |  |  | $ | 1,202,911 |  |  | $ | 251,951 |  |  | $ | 950,960 |
Internally developed software* |  |  |  | $ | 31,806 |  |  |  |  | $ | 31,806 |
Total intangible assets |  |  |  | $ | 1,234,717 |  |  | $ | 251,951 |  |  | $ | 982,766 |
______________________________ * Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use. Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives. During the three months ended March 31, 2023 and 2022, intangible asset amortization expense was $32.3 million and $31.7 million, respectively. As of March 31, 2023 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):
Remainder of 2023 |  | $ | 98,853 |
2024 |  | 131,665 |
2025 |  | 124,073 |
2026 |  | 123,438 |
2027 |  | 117,400 |
2028 |  | 110,442 |
Thereafter |  | 218,209 |
Total |  | $ | 924,080 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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