Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets (Indefinite-Lived)

Intangible assets are classified as follows:

	June 30, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Developed software and core technologies	$	1,142,199	$	(519,683)	$	1,106,789	$	(483,033)
Customer lists	288,261		(77,486)		205,484		(71,618)
Trade names	189,992		(139,622)		186,424		(135,220)
Total	$	1,620,452	$	(736,791)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Intangible Assets (Finite-Lived)

Intangible assets are classified as follows:

	June 30, 2023				December 31, 2022
(in thousands)	Gross Carrying Amount		Accumulated Amortization		Gross Carrying Amount		Accumulated Amortization
Finite-lived intangible assets:
Developed software and core technologies	$	1,142,199	$	(519,683)	$	1,106,789	$	(483,033)
Customer lists	288,261		(77,486)		205,484		(71,618)
Trade names	189,992		(139,622)		186,424		(135,220)
Total	$	1,620,452	$	(736,791)	$	1,498,697	$	(689,871)
Indefinite-lived intangible asset:
Trade name	$	357			$	357

Estimated Future Amortization Expense for Intangible Assets

As of June 30, 2023, estimated future amortization expense for the intangible assets reflected above was as follows:

(in thousands)
Remainder of 2023	$	53,280
2024	112,021
2025	114,673
2026	115,521
2027	118,339
2028	111,449
Thereafter	258,378
Total intangible assets subject to amortization	883,661
Indefinite-lived trade name	357
Other intangible assets, net	$	884,018

Changes in Goodwill

The changes in goodwill during the six months ended June 30, 2023 and 2022 were as follows:

(in thousands)	2023		2022
Beginning balance – January 1	$	3,658,267	$	3,409,271
Acquisitions and adjustments(1)	115,644		196,417
Currency translation	18,205		(38,720)
Ending balance – June 30	$	3,792,116	$	3,566,968

(1) 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.