Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Goodwill by Segment and Changes in Carrying Amount of Goodwill

A summary of goodwill by segment and the changes in the carrying amount of goodwill is shown in the following table (in thousands):

	Research Segment			Consulting Segment			Total
Balance at December 31, 2020	$	238,913		$	8,298		$	247,211
Translation adjustments		(2,143	)		(74	)		(2,217	)
Balance at December 31, 2021		236,770			8,224			244,994
Translation adjustments		(2,750	)		(95	)		(2,845	)
Balance at December 31, 2022	$	234,020		$	8,129		$	242,149

T

Summary of Intangible Assets

A summary of Forrester’s intangible assets is as follows (in thousands):

	December 31, 2022
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	77,786	$	33,805	$	43,981
Technology		16,803		14,696		2,107
Trademarks		12,472		9,056		3,416
Total	$	107,061	$	57,557	$	49,504

	December 31, 2021
	Gross				Net
	Carrying		Accumulated		Carrying
	Amount		Amortization		Amount
Amortizable intangible assets:
Customer relationships	$	78,364	$	25,805	$	52,559
Technology		16,845		13,073		3,772
Trademarks		12,478		6,076		6,402
Total	$	107,687	$	44,954	$	62,733

Summary of Estimated Intangible Assets Amortization Expense

Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):

2023	$	11,938
2024		9,898
2025		8,872
2026		8,390
2027		8,324
Thereafter		2,082
Total	$	49,504