Goodwill and Intangible Assets

3 Months Ended

Mar. 31, 2026

6. Goodwill and Intangible Assets

The changes in the carrying amount of goodwill for the three months ended March 31, 2026 were as follows:


	Goodwill
	(in thousands)
Balance as of December 31, 2025	$	1,720,769
Goodwill acquired	34,343
Foreign currency translation	(1,312)
Balance as of March 31, 2026	$	1,753,800

Intangible assets consisted of the following:


	As of March 31, 2026
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)


Technology	3.0	$	293,971	$	(215,695)	$	78,276

Patents	8.9	28,888		(16,896)		11,992
Other	4.9	4,326		(729)		3,597
Total intangible assets		$	327,185	$	(233,320)	$	93,865


	As of December 31, 2025
	Weighted- Average Remaining Useful Life (Years)	Gross Carrying Amount		Accumulated Amortization		Net

	(in thousands, except years)


Technology	2.6	$	328,234	$	(274,464)	$	53,770

Patents	8.9	30,172		(17,485)		12,687
Other	3.3	835		(679)		156
Total intangible assets		$	359,241	$	(292,628)	$	66,613

Amortization of intangible assets was $10.9 million and $11.5 million for the three months ended March 31, 2026 and 2025, respectively.

As of March 31, 2026, the estimated intangible asset amortization expense for the next five years and thereafter is as follows: