Goodwill and Intangible Assets (Notes)

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Intangible Assets Disclosure [Text Block]

Goodwill and Intangible Assets, Net

Goodwill

    The following table presents the changes in the carrying amount of our goodwill (in thousands):

	Total
Balance as of January 1, 2023	$	1,449,258
Currency translation	13,468
Balance as of March 31, 2023	$	1,462,726

Intangible Assets, Net

    Intangible assets, carried at cost less accumulated amortization and amortized on a straight-lined basis, were as follows (in thousands):

	Weighted-Average Amortization Life in Years	March 31, 2023
		Cost		Accumulated Amortization		Net
Patents	10	$	30,735	$	19,092	$	11,643
Customer contracts	12	10,046		6,527		3,519
Non-contractual customer relationships	8	550,703		118,687		432,016
Trademarks	1	5,425		5,425		—
Trade name	15	18,249		6,247		12,002
Developed technology	10	584,957		123,357		461,600
Non-compete	3	9,100		5,800		3,300
Total amortized intangible assets		$	1,209,215	$	285,135	$	924,080
Internally developed software*		$	33,602			$	33,602
Total intangible assets		$	1,242,817	$	285,135	$	957,682

______________________________

* Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.

	Weighted-Average Amortization Life in Years	December 31, 2022
		Cost		Accumulated Amortization		Net
Patents	10	$	29,998	$	18,610	$	11,388
Customer contracts	12	10,026		6,443		3,583
Non-contractual customer relationships	8	546,935		101,556		445,379
Trademarks	1	5,425		5,425		—
Trade name	15	18,251		5,959		12,292
Developed technology	10	583,176		108,708		474,468
Non-compete	3	9,100		5,250		3,850
Total amortized intangible assets		$	1,202,911	$	251,951	$	950,960
Internally developed software*		$	31,806			$	31,806
Total intangible assets		$	1,234,717	$	251,951	$	982,766

______________________________

* Internally developed software will be amortized when the projects are complete and the assets are ready for their intended use.

Intangible assets with definite lives are amortized on a straight-line basis over their estimated useful lives. During the three months ended March 31, 2023 and 2022, intangible asset amortization expense was $32.3 million and $31.7 million, respectively.

As of March 31, 2023 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):

Remainder of 2023	$	98,853
2024	131,665
2025	124,073
2026	123,438
2027	117,400
2028	110,442
Thereafter	218,209
Total	$	924,080