Company: PTC
Filing Date: 2025-02-06
Form Type: 10-Q
Source: 0000950170-25-015530
Chunk: 72

Company: PTC INC.
Filing Date: 2025-02-06
Form: 10-Q
Item: Part I, Item 1
Chunk 72
---
        $
        897,476

        Total goodwill and acquired intangible assets

        $
        4,295,528

        $
        4,359,367

      Changes in Goodwill were as follows:

        (in thousands)

        Balance, October 1, 2024
        $
        3,461,891

        Foreign currency translation adjustment
         
        (38,471
        )

        Balance, December 31, 2024
        $
        3,423,420

      The aggregate amortization expense for intangible assets with finite lives is classified in our Consolidated Statements of Operations as follows:

        (in thousands)
         
        Three months ended

        December 31,2024

        December 31,2023

        Amortization of acquired intangible assets
         
        $
        11,440

        $
        10,363

        Cost of revenue

        8,300

        9,566

        Total amortization expense
         
        $
        19,740

        $
        19,929

9

7. Fair Value MeasurementsThe valuation hierarchy for disclosure of assets and liabilities reported at fair value prioritizes the inputs for such valuations into three broad levels:•Level 1: quoted prices (unadjusted) in active markets for identical assets or liabilities;•Level 2: quoted prices for similar assets and liabilities in active markets or inputs that are observable for the asset or liability, either directly or indirectly through market corroboration, for substantially the full term of the financial instrument; or•Level 3: unobservable inputs based on our own assumptions used to measure assets and liabilities at fair value.A financial asset's or liability's classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement.Money market funds, time deposits, and corporate notes/bonds are classified within Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets.The principal market in which we execute our foreign currency derivatives is the institutional market in an over-the-counter environment with a relatively high level of price transparency. The market participants are generally large financial institutions. Our foreign currency derivatives’ valuation inputs are based on quoted prices and quoted pricing intervals from public data sources and do not involve management judgment. These contracts are typically classified within Level 2 of the fair value hierarchy.Our significant financial assets and liabilities measured at fair value on a recurring basis as of