Goodwill and Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets (Indefinite-Lived)

Intangible assets are classified as follows:

	March 31, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Developed software and core technologies	$	1,112,781	$	(501,164)	$	1,106,789	$	(483,033)
Customer lists	278,702		(71,717)		205,484		(71,618)
Trade names	189,005		(137,420)		186,424		(135,220)
Total	$	1,580,488	$	(710,301)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Intangible Assets (Finite-Lived)

Intangible assets are classified as follows:

	March 31, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Developed software and core technologies	$	1,112,781	$	(501,164)	$	1,106,789	$	(483,033)
Customer lists	278,702		(71,717)		205,484		(71,618)
Trade names	189,005		(137,420)		186,424		(135,220)
Total	$	1,580,488	$	(710,301)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Estimated Future Amortization Expense for Intangible Assets

As of March 31, 2023, estimated future amortization expense for the intangible assets reflected above was as follows:

(in thousands)
Remainder of 2023	$	74,589
2024	105,244
2025	106,805
2026	108,672
2027	111,166
2028	107,841
Thereafter	255,870
Total intangible assets subject to amortization	870,187
Indefinite-lived trade name	357
Other intangible assets, net	$	870,544

Changes in Goodwill

The changes in goodwill during the three months ended March 31, 2023 and 2022 were as follows:

(in thousands)	2023		2022
Beginning balance – January 1	$	3,658,267	$	3,409,271
Acquisitions and adjustments(1)	69,227		1,961
Currency translation	9,701		(11,335)
Ending balance – March 31	$	3,737,195	$	3,399,897

(1) In accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date.