Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in Carrying Amount of Goodwill Attributable to Software Reportable Segment

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

Balance as of December 31, 2021	$	370,178
Acquisitions		96,092
Foreign currency translation and other		(17,222	)
Balance as of December 31, 2022		449,048
Acquisitions		2,948
Foreign currency translation and other		6,129
Balance as of December 31, 2023	$	458,125

Schedule of Other Intangible Assets

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

	December 31, 2023
	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Developed technology	4-6 years	$	142,368	$	90,729	$	51,639
Customer relationships	7-10 years		58,316		37,779		20,537
Other intangibles	4-10 years		1,459		563		896
Total definite-lived intangible assets			202,143		129,071		73,072
Indefinite-lived intangible assets:
Trade names			10,478				10,478
Total other intangible assets		$	212,621	$	129,071	$	83,550

	December 31, 2022
	Weighted average amortization period	Gross carrying amount		Accumulated amortization		Net carrying amount
Definite-lived intangible assets:
Developed technology	4-6 years	$	135,703	$	67,665	$	68,038
Customer relationships	7-10 years		57,143		29,148		27,995
Other intangibles	4-10 years		1,448		298		1,150
Total definite-lived intangible assets			194,294		97,111		97,183
Indefinite-lived intangible assets:
Trade names			10,426				10,426
Total other intangible assets		$	204,720	$	97,111	$	107,609

Summary of Estimated Amortization Expense

Estimated amortization expense for the next five years as of December 31, 2023, is as follows (in thousands):

Year ending
December 31, 2024	$	28,835
December 31, 2025		22,103
December 31, 2026		15,920
December 31, 2027		4,689
December 31, 2028		1,286
Thereafter		239
Total	$	73,072