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Goodwill and Intangible Assets
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill represents the excess of the fair value of consideration over the fair value of net identifiable assets acquired. Identifiable intangible assets acquired in business combinations are recorded based on their fair values on the date of acquisition.
Intangible assets are classified as follows:
 December 31, 2023December 31, 2022
(in thousands)Gross
Carrying
Amount		Accumulated
Amortization		Gross
Carrying
Amount		Accumulated
Amortization
Finite-lived intangible assets:
Developed software and core technologies
$1,146,022 $(557,359)$1,106,789 $(483,033)
Customer lists289,874 (89,800)205,484 (71,618)
Trade names190,203 (143,880)186,424 (135,220)
Total$1,626,099 $(791,039)$1,498,697 $(689,871)
Indefinite-lived intangible asset:
Trade name$357 $357 

Finite-lived intangible assets are amortized over their estimated useful lives of two years to seventeen years.
As of December 31, 2023, estimated future amortization expense for the intangible assets reflected above is as follows:
(in thousands) 
2024$112,288 
2025114,983 
2026115,921 
2027119,111 
2028112,625 
Thereafter260,132 
Total intangible assets subject to amortization, net835,060 
Indefinite-lived trade name357 
Other intangible assets, net$835,417 

The changes in goodwill during the years ended December 31, 2023 and 2022 were as follows:
(in thousands)20232022
Beginning balance - January 1$3,658,267 $3,409,271 
Acquisitions and adjustments(1)
122,635 284,503 
Currency translation24,972 (35,507)
Ending balance - December 31
$3,805,874 $3,658,267 
(1) In addition to goodwill from acquisitions completed within the period, 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. Such adjustments are not material to our consolidated financial statements.
During the first quarter of 2023, we completed the annual impairment test for goodwill and the indefinite-lived intangible asset and determined that these assets had not been impaired as of the test date, January 1, 2023. No other events or circumstances changed during the year ended December 31, 2023 that would indicate that the fair values of our reporting unit and indefinite-lived intangible asset are below their carrying amounts.