ACQUIRED INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

ACQUIRED INTANGIBLE ASSETS

ACQUIRED INTANGIBLE ASSETS

The following table presents the detail of acquired intangible assets as of the periods presented (in thousands):

	Balance at March 31, 2022
	Weighted Average Estimated Useful Life	Cost		Accumulated Amortization		Net
Technology assets	5 years	$	409,899	$	(80,170)	$	329,729
Customer assets	15 years	1,534,937		(38,137)		1,496,800
Trade name	9 years	460,942		(21,600)		439,342
Other	9 years	13,701		(4,373)		9,328
Total		$	2,419,479	$	(144,280)	$	2,275,199

	Balance at December 31, 2021
	Weighted Average Estimated Useful Life	Cost		Accumulated Amortization		Net
Technology assets	5 years	$	164,977	$	(65,619)	$	99,358
Customer assets	15 years	128,316		(19,244)		109,072
Trade name	9 years	53,051		(14,169)		38,882
Other	9 years	13,743		(4,006)		9,737
Total		$	360,087	$	(103,038)	$	257,049

All intangible assets are amortized over their estimated useful lives.

The changes to the carrying value of intangible assets were as follows (in thousands):

	Three Months Ended March 31,
	2022		2021
Acquired intangible assets, net, beginning of the period	$	257,049	$	137,612
Acquisitions	2,025,000		—
Amortization expense	(42,160)		(6,884)
Foreign currency translation adjustments	35,310		(932)
Acquired intangible assets, net, end of the period	$	2,275,199	$	129,796

The estimated future amortization expense of intangible assets in future periods as of March 31, 2022 is as follows (in thousands):

Remainder of 2022	$	172,804
2023	229,737
2024	226,760
2025	219,932
2026	206,281
Thereafter	1,219,685
Total	$	2,275,199