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Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Changes In Carrying Amounts Of Goodwill
The changes in carrying amounts of goodwill for the years ended December 31, 2022 and 2021 are as follows (in thousands):
Digital MediaCybersecurity and MartechConsolidated
Balance as of January 1, 2021
$942,934 $582,066 $1,525,000 
Goodwill acquired (Note 4)55,704 41,328 97,032 
Goodwill removed due to sale of businesses (1)
— (50,277)(50,277)
Goodwill impairment— (32,629)(32,629)
Purchase accounting adjustments (2)
(1,437)505 (932)
Foreign exchange translation(542)(6,197)(6,739)
Balance as of December 31, 2021
$996,659 $534,796 $1,531,455 
Goodwill acquired (Note 4)95,737 — 95,737 
Goodwill impairment(27,369)— (27,369)
Purchase accounting adjustments (2)
4,475 (137)4,338 
Foreign exchange translation(3,513)(9,174)(12,687)
Balance as of December 31, 2022$1,065,989 $525,485 $1,591,474 
(1)On February 9, 2021, in a cash transaction, the Company sold certain of its Voice assets in the United Kingdom which resulted in $1.3 million of goodwill being removed in connection with this sale and on September 17, 2021, the Company sold certain of its B2B Backup assets which resulted in $49.0 million of goodwill being removed in connection with the sale (see Note 6 - Discontinued Operations and Dispositions).
(2)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 4 - Business Acquisitions).
Intangible Assets Subject to Amortization
As of December 31, 2022, intangible assets subject to amortization relate primarily to the following (in thousands):
Weighted-Average
  Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names10.0 years$261,614 $125,422 $136,192 
Customer relationships (1)
7.9 years687,798 479,741 208,057 
Other purchased intangibles8.3 years481,973 363,407 118,566 
Total $1,431,385 $968,570 $462,815 
(1)The Company amortizes customer relationship assets in a pattern that best reflects the pace at which the asset’s benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first 4 to 5 years, despite the overall life of the asset.
As of December 31, 2021, intangible assets subject to amortization relate primarily to the following (in thousands):
Weighted-Average
  Amortization
Period
Historical
Cost
Accumulated
Amortization
Net
Trade names9.7 years$250,418 $102,657 $147,761 
Customer relationships (1)
8.1 years673,847 398,396 275,451 
Other purchased intangibles9.3 years467,028 317,515 149,513 
Total $1,391,293 $818,568 $572,725 
(1)The Company amortizes customer relationship assets in a pattern that best reflects the pace at which the asset’s benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first 4 to 5 years, despite the overall life of the asset.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class
During the year ended December 31, 2022, the Company completed acquisitions (see Note 4 - Business Acquisitions) which were individually immaterial. The identified intangible assets were recognized as part of all 2022 acquisitions and their respective estimated weighted average amortizations were as follows as of December 31, 2022 (in thousands):
Weighted-Average
  Amortization
Period
Carrying Value
Trade names9.6 years$12,423 
Customer relationships7.3 years18,714 
Other purchased intangibles2.4 years17,567 
Total $48,704 
Expected Amortization Expenses for Intangible Assets Subject To Amortization
Expected amortization expenses for intangible assets subject to amortization at December 31, 2022 are as follows (in thousands):
Fiscal Year:
2023$139,975 
202499,158 
202576,614 
202668,813 
202729,467 
Thereafter48,788 
Total expected amortization expense$462,815