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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

(2) Goodwill and Other Intangible Assets

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

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

Products

 

 

Research

 

 

Consulting

 

 

Total

 

Balance at January 1, 2014

$

2,560

 

 

$

77,441

 

 

$

 

 

$

80,001

 

Translation adjustments

 

(106

)

 

 

(3,212

)

 

 

 

 

 

(3,318

)

Balance at December 31, 2014

 

2,454

 

 

 

74,229

 

 

 

 

 

 

76,683

 

Translation adjustments

 

(83

)

 

 

(2,529

)

 

 

 

 

 

(2,612

)

Balance at December 31, 2015

$

2,371

 

 

$

71,700

 

 

$

 

 

$

74,071

 

 

As of December 31, 2015, the Company had no accumulated goodwill impairment losses.

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

 

 

December 31, 2015

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

32,270

 

 

$

29,936

 

 

$

2,334

 

Research content

 

3,583

 

 

 

3,583

 

 

 

 

Technology

 

1,507

 

 

 

1,507

 

 

 

 

Total

$

37,360

 

 

$

35,026

 

 

$

2,334

 

 

 

December 31, 2014

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

32,995

 

 

$

29,613

 

 

$

3,382

 

Research content

 

4,699

 

 

 

4,699

 

 

 

 

Technology

 

1,507

 

 

 

1,507

 

 

 

 

Trademarks

 

73

 

 

 

73

 

 

 

 

Total

$

39,274

 

 

$

35,892

 

 

$

3,382

 

 

Amortization expense related to intangible assets was approximately $0.9 million, $2.2 million and $2.2 million during the years ended December 31, 2015, 2014 and 2013, respectively. Estimated amortization expense related to intangible assets that will continue to be amortized is as follows (in thousands):

 

Year ending December 31, 2016

$

831

 

Year ending December 31, 2017

 

781

 

Year ending December 31, 2018

 

722

 

Total

$

2,334