Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets (Indefinite-Lived)

Intangible assets are classified as follows:

	September 30, 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	$	1,136,728	$	(536,643)	$	1,106,789	$	(483,033)
Customer lists	283,231		(82,267)		205,484		(71,618)
Trade names	189,203		(141,404)		186,424		(135,220)
Total	$	1,609,162	$	(760,314)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Intangible Assets (Finite-Lived)

Intangible assets are classified as follows:

	September 30, 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	$	1,136,728	$	(536,643)	$	1,106,789	$	(483,033)
Customer lists	283,231		(82,267)		205,484		(71,618)
Trade names	189,203		(141,404)		186,424		(135,220)
Total	$	1,609,162	$	(760,314)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Estimated Future Amortization Expense for Intangible Assets

As of September 30, 2023, estimated future amortization expense for the intangible assets reflected above was as follows:

(in thousands)
Remainder of 2023	$	26,383
2024	111,049
2025	113,657
2026	114,451
2027	117,260
2028	110,478
Thereafter	255,570
Total intangible assets subject to amortization	848,848
Indefinite-lived trade name	357
Other intangible assets, net	$	849,205

Changes in Goodwill

The changes in goodwill during the nine months ended September 30, 2023 and 2022 were as follows:

(in thousands)	2023		2022
Beginning balance – January 1	$	3,658,267	$	3,409,271
Acquisitions and adjustments(1)	113,502		197,173
Currency translation	(2,448)		(73,985)
Ending balance – September 30	$	3,769,321	$	3,532,459

(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 effected the measurement of the amounts recognized as of that date.