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GOODWILL AND ACQUIRED INTANGIBLES
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND ACQUIRED INTANGIBLES GOODWILL AND ACQUIRED INTANGIBLES
Goodwill
The changes in the carrying amount of goodwill during the six months ended June 30, 2025 were as follows:
 Gross Carrying
Amount
 (In thousands)
Balance as of December 31, 2024$2,378,671 
Goodwill resulting from acquisitions94,247 
Effect of foreign currency translation126,880 
Balance as of June 30, 2025$2,599,798 
Acquired Intangibles, Net
Acquired intangibles as of June 30, 2025 were as follows:
Gross Carrying
Amount
Accumulated
Amortization
Acquired
Intangibles, Net
 (In thousands)
Existing technology$494,348 $(221,929)$272,419 
Agreements and relationships421,048 (95,724)325,324 
Tradenames, trademarks and patents30,838 (9,629)21,209 
Total acquired intangibles$946,234 $(327,282)$618,952 
Acquired intangibles as of December 31, 2024 were as follows:
Gross Carrying
Amount
Accumulated
Amortization
Acquired
Intangibles, Net
 (In thousands)
Existing technology$465,453 $(199,126)$266,327 
Agreements and relationships386,365 (78,605)307,760 
Tradenames, trademarks and patents28,113 (7,466)20,647 
Total acquired intangibles$879,931 $(285,197)$594,734 
Amortization expense from existing technology is included in cost of product and maintenance. Amortization expense for the three and six months ended June 30, 2025 and June 30, 2024 by condensed consolidated income statement caption was as follows:
 Three Months Ended
Six Months Ended
 June 30,
2025
June 30,
2024
June 30,
2025
June 30,
2024
 (In thousands)
Cost of product and maintenance$14,499 $13,488 $30,993 $24,836 
Amortization of acquired intangibles9,204 6,667 18,126 12,074 
Total amortization of acquired intangibles$23,703 $20,155 $49,119 $36,910 
As of June 30, 2025, the estimated amortization expense for intangible assets with definite lives was as follows for the following five fiscal years and thereafter:
 (In thousands)
2025 - remaining period$49,183 
202696,865 
202793,603 
202888,854 
202974,093 
203047,712 
Thereafter168,642 
Total estimated amortization expense$618,952