GOODWILL AND INTANGIBLE ASSETS (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
Goodwill and Intangible Assets Disclosure [Abstract] |
|
Schedule of Goodwill and Intangible Assets, Net |
Goodwill and intangible assets, net, are as follows: | | | | | | | | | | | | | December 31, | | 2021 | | 2020 | | | | | | (In thousands) | Goodwill | $ | 2,411,996 | | | $ | 1,270,532 | | Intangible assets with indefinite lives | 576,653 | | | 226,605 | | Intangible assets with definite lives, net | 195,044 | | | 4,295 | | Total goodwill and intangible assets, net | $ | 3,183,693 | | | $ | 1,501,432 | |
|
Schedule of Goodwill by Reporting Unit |
The following table presents the balance of goodwill, including the changes in the carrying value of goodwill, for the years ended December 31, 2021 and 2020: | | | | | | | | | | | | | December 31, | | 2021 | | 2020 | | | | | | (In thousands) | Balance at January 1 | $ | 1,270,532 | | | $ | 1,239,839 | | Additions | 1,243,063 | | | — | | | | | | Foreign Exchange Translation | (101,599) | | | 30,948 | | Other | — | | | (255) | | Balance at December 31 | $ | 2,411,996 | | | $ | 1,270,532 | |
|
Schedule of Intangible Assets with Definite Lives |
At December 31, 2021 and 2020, intangible assets with definite lives are as follows: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2021 | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Weighted-Average Useful Life (Years) | | | | | | | | | | (In thousands) | | | Customer lists | $ | 129,427 | | | $ | (15,487) | | | $ | 113,940 | | | 4.9 | Patent and technology | 99,512 | | | (18,657) | | | 80,855 | | | 4.2 | Trade names | 1,354 | | | (1,193) | | | 161 | | | 1.3 | | | | | | | | | Other | 425 | | | (337) | | | 88 | | | 2.7 | Total | $ | 230,718 | | | $ | (35,674) | | | $ | 195,044 | | | 4.6 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2020 | | | | Gross Carrying Amount | | Accumulated Amortization | | Net | | Weighted-Average Useful Life (Years) | | | | | | | | | | | | | | (In thousands) | | | | | Customer lists | $ | 288 | | | $ | (288) | | | $ | — | | | — | | | Patent and technology | 11,044 | | | (6,943) | | | 4,101 | | | 9.3 | | | Trade names | 5,114 | | | (5,114) | | | — | | | — | | | | | | | | | | | | | | | | | | | | | | | Other | 3,400 | | | (3,206) | | | 194 | | | 3.0 | | | Total | $ | 19,846 | | | $ | (15,551) | | | $ | 4,295 | | | 9.0 | | |
|
Schedule of Expected Amortization of Intangible Assets |
At December 31, 2021, amortization of intangible assets with definite lives is estimated to be as follows: | | | | | | | (In thousands) | 2022 | $ | 51,336 | | 2023 | 49,081 | | 2024 | 47,164 | | 2025 | 35,035 | | 2026 and thereafter | 12,428 | | Total | $ | 195,044 | |
|