XML 31 R22.htm IDEA: XBRL DOCUMENT v3.23.2
Goodwill and Intangible Assets (Notes)
6 Months Ended
Jun. 30, 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 translation15,220 
Balance as of June 30, 2023$1,464,478 

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 YearsJune 30, 2023
 CostAccumulated
Amortization
Net
Patents10$31,434 $19,588 $11,846 
Customer contracts129,975 6,586 3,389 
Non-contractual customer relationships8552,419 136,133 416,286 
Trademarks15,425 5,425 — 
Trade name1518,248 6,555 11,693 
Developed technology10587,123 138,278 448,845 
Non-compete39,100 6,350 2,750 
Total amortized intangible assets $1,213,724 $318,915 $894,809 
Internally developed software*$35,021 $35,021 
Total intangible assets$1,248,745 $318,915 $929,830 
______________________________
* 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 YearsDecember 31, 2022
 CostAccumulated
Amortization
Net
Patents10$29,998 $18,610 $11,388 
Customer contracts1210,026 6,443 3,583 
Non-contractual customer relationships8546,935 101,556 445,379 
Trademarks15,425 5,425 — 
Trade name1518,251 5,959 12,292 
Developed technology10583,176 108,708 474,468 
Non-compete39,100 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. Intangible asset amortization expense was $33.1 million and $65.4 million during the three and six months ended June 30, 2023, respectively, and $41.6 million and $73.3 million during the three and six months ended June 30, 2022, respectively.

As of June 30, 2023 estimated annual amortization for our intangible assets for each of the next five years is approximately (in thousands):
Remainder of 2023$66,435 
2024132,106 
2025124,565 
2026123,879 
2027117,818 
2028109,154 
Thereafter220,852 
Total$894,809