| Goodwill And Intangible Assets |
NOTE 9. GOODWILL AND INTANGIBLE ASSETS The change in the carrying amount of goodwill during the years ended December 31, 2024 and 2023, respectively included the following: | | | | | | | | (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 | | | (550) | Foreign exchange | | | (1,603) | December 31, 2024 | | $ | 1,432,387 |
Intangible assets as of December 31, 2024 included the following: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | (In thousands) | Weighted Average Amortization Period (in years) | | Gross
Carrying
Amount | | Accumulated
Amortization | | Intangible
Assets,
net | Customer relationships & other intangibles | 10.6 | | $ | 355,727 | | $ | (88,164) | | $ | 267,563 | Developed technology | 8.0 | | | 681,477 | | | (157,889) | | | 523,588 | Patents | 16.1 | | | 9,023 | | | (5,057) | | | 3,966 | Total intangible assets | | | $ | 1,046,227 | | $ | (251,110) | | $ | 795,117 |
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 |
The following table summarizes amortization of intangible assets for future periods as of December 31, 2024: | | | | (In thousands) | | Annual
Amortization | 2025 | | $ | 112,208 | 2026 | | | 108,454 | 2027 | | | 107,380 | 2028 | | | 104,070 | Thereafter | | | 363,005 | Total | | $ | 795,117 |
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