| 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 | | | (2,993) | Foreign exchange | | | 119 | September 30, 2024 | | $ | 1,431,666 |
|
| Summary of Intangible Assets |
| | | | | | | | | | | | | | | | | | | | | | | | | September 30, 2024 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Supplier network | 10.0 | | $ | 4,000 | | $ | (3,967) | | $ | 33 | Customer relationships & other intangibles | 10.6 | | | 355,703 | | | (78,456) | | | 277,247 | Developed technology | 8.0 | | | 701,679 | | | (140,453) | | | 561,226 | Patents | 16.1 | | | 9,312 | | | (5,040) | | | 4,272 | Total intangible assets | | | $ | 1,070,694 | | $ | (227,916) | | $ | 842,778 |
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 |
|
| Schedule of Finite-Lived Intangible Assets, Future Amortization Expense |
The following table summarizes amortization of intangible assets for future periods as of September 30, 2024: | | | | (In thousands) | | Annual
Amortization | Remaining 2024 | | $ | 30,162 | 2025 | | | 114,936 | 2026 | | | 111,150 | 2027 | | | 110,048 | 2028 | | | 106,596 | Thereafter | | | 369,886 | Total | | $ | 842,778 |
|