v3.25.0.1
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2024
GOODWILL AND INTANGIBLE ASSETS [Abstract]  
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

(550)

Foreign exchange

(1,603)

December 31, 2024

$

1,432,387

Summary of Intangible Assets 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

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense

(In thousands)

Annual
‎
Amortization

2025

$

112,208

2026

108,454

2027

107,380

2028

104,070

Thereafter

363,005

Total

$

795,117