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Goodwill and Other Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in Carrying Amount of Goodwill Attributable to Software Reporting Segment

The changes in the carrying amount of goodwill, which is attributable to the Software reportable segment, were as follows (in thousands):

 

Balance as of January 1, 2022

 

$

370,178

 

Acquisitions

 

 

32,568

 

Effects of foreign currency translation and other

 

 

(16,757

)

Balance as of June 30, 2022

 

$

385,989

 

Schedule of Other Intangible Assets

A summary of other intangible assets is shown below (in thousands):

 

 

 

June 30, 2022

 

 

 

Weighted average
amortization period

 

Gross carrying
amount

 

 

Accumulated amortization

 

 

Net carrying amount

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

4-6 years

 

$

113,072

 

 

$

57,398

 

 

$

55,674

 

Customer relationships

 

7-10 years

 

 

48,359

 

 

 

24,768

 

 

 

23,591

 

Other intangibles

 

4-10 years

 

 

656

 

 

 

195

 

 

 

461

 

Total definite-lived intangible assets

 

 

 

 

162,087

 

 

 

82,361

 

 

 

79,726

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

 

10,601

 

 

 

 

 

 

10,601

 

Total other intangible assets

 

 

 

$

172,688

 

 

$

82,361

 

 

$

90,327

 

 

 

 

December 31, 2021

 

 

 

Weighted average
amortization period

 

Gross carrying
amount

 

 

Accumulated
amortization

 

 

Net carrying
amount

 

Definite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Developed technology

 

4-6 years

 

$

110,891

 

 

$

49,672

 

 

$

61,219

 

Customer relationships

 

7-10 years

 

 

48,277

 

 

 

21,859

 

 

 

26,418

 

Other intangibles

 

4-10 years

 

 

647

 

 

 

127

 

 

 

520

 

Total definite-lived intangible assets

 

 

 

 

159,815

 

 

 

71,658

 

 

 

88,157

 

Indefinite-lived intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Trade names

 

 

 

 

10,900

 

 

 

 

 

 

10,900

 

Total other intangible assets

 

 

 

$

170,715

 

 

$

71,658

 

 

$

99,057