XML 50 R35.htm IDEA: XBRL DOCUMENT v3.22.4
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Intangible Assets (Finite-Lived)
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 
Intangible Assets (Indefinite-Lived)
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 
Estimated Future Amortization Expense for Intangible Assets
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 
Changes in Goodwill
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.