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GOODWILL AND ACQUIRED INTANGIBLES (Tables)
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes in the carrying amount of 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 
Schedule of acquired intangibles with finite and indefinite lives (excluding goodwill)
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 of acquired intangibles 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 
Estimated amortization expense
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