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Goodwill and Intangible Assets
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible AssetsGoodwill represents the excess of the fair value of consideration over the fair value of net identifiable assets acquired. Identifiable intangible assets acquired in business combinations are recorded based on their fair values on the date of acquisition.
Intangible assets are classified as follows:
 December 31, 2022December 31, 2021
(in thousands)Gross
Carrying
Amount
Accumulated
Amortization
Gross
Carrying
Amount
Accumulated
Amortization
Finite-lived intangible assets:
Developed software and core technologies
$1,106,789 $(483,033)$985,685 $(422,797)
Customer lists205,484 (71,618)203,072 (57,175)
Trade names186,424 (135,220)182,554 (128,577)
Total$1,498,697 $(689,871)$1,371,311 $(608,549)
Indefinite-lived intangible asset:
Trade name$357 $357 

Finite-lived intangible assets are amortized over their estimated useful lives of two years to seventeen years.
As of December 31, 2022, estimated future amortization expense for the intangible assets reflected above is as follows:
(in thousands) 
2023$94,544 
202499,348 
2025100,509 
2026102,172 
2027104,205 
Thereafter308,048 
Total intangible assets subject to amortization, net808,826 
Indefinite-lived trade name357 
Other intangible assets, net$809,183 

The changes in goodwill during the years ended December 31, 2022 and 2021 were as follows:
(in thousands)20222021
Beginning balance - January 1$3,409,271 $3,038,306 
Acquisitions and adjustments(1)
284,503 391,534 
Currency translation(35,507)(20,569)
Ending balance - December 31
$3,658,267 $3,409,271 
(1) In addition to goodwill from acquisitions completed within the period, in accordance with the accounting for business combinations, we recorded adjustments to goodwill for the effect of changes in the provisional fair values of the assets acquired and liabilities assumed during the measurement period (up to one year from the acquisition date) as we obtained new information about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. Such adjustments are not material to our consolidated financial statements.
During the first quarter of 2022, we completed the annual impairment test for goodwill and the indefinite-lived intangible asset and determined that these assets had not been impaired as of the test date, January 1, 2022. Given the adverse economic and market conditions during the year, we considered a variety of qualitative factors to determine if an additional quantitative impairment test was required subsequent to our annual impairment test. Based on a variety of factors, including the excess of the fair value over the carrying amounts in the most recent impairment test, we determined it was not more likely than not that an impairment existed during the year. No other events or circumstances changed during the year ended December 31, 2022 that would indicate that the fair values of our reporting unit and indefinite-lived intangible asset are below their carrying amounts.