| Summary of Goodwill |
| | | | | | | | (In thousands) | | | | December 31, 2022 | | $ | 197,471 | Additions and adjustments | | | 1,235,890 | Foreign exchange | | | 1,179 | December 31, 2023 | | | 1,434,540 | Additions and adjustments | | | 20,953 | Foreign exchange | | | (1,376) | June 30, 2024 | | $ | 1,454,117 |
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| Summary of Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Supplier network | 10.0 | | $ | 4,000 | | $ | (3,867) | | $ | 133 | Customer relationships & other intangibles | 10.6 | | | 352,671 | | | (67,894) | | | 284,777 | Developed technology | 8.0 | | | 694,344 | | | (116,961) | | | 577,383 | Patents | 16.1 | | | 9,063 | | | (4,791) | | | 4,272 | Total intangible assets | | | $ | 1,060,078 | | $ | (193,513) | | $ | 866,565 |
Intangible assets as of December 31, 2023 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2023 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Supplier network | 10.0 | | $ | 4,000 | | $ | (3,667) | | $ | 333 | Customer relationships & other intangibles | 10.6 | | | 353,849 | | | (54,871) | | | 298,978 | Developed technology | 8.0 | | | 695,226 | | | (74,636) | | | 620,590 | Patents | 16.1 | | | 9,266 | | | (4,564) | | | 4,702 | Total intangible assets | | | $ | 1,062,341 | | $ | (137,738) | | $ | 924,603 |
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| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table summarizes amortization of intangible assets for future periods as of June 30, 2024: | | | | (In thousands) | | Annual
Amortization | Remaining 2024 | | $ | 59,912 | 2025 | | | 113,882 | 2026 | | | 110,202 | 2027 | | | 109,219 | 2028 | | | 105,764 | Thereafter | | | 367,586 | Total | | $ | 866,565 |
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