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Goodwill and Intangible Assets, Net
3 Months Ended
Mar. 31, 2021
Goodwill And Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets, Net

6. GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following table presents goodwill by reportable segment:

 

(in thousands)

 

Index

 

 

Analytics

 

 

ESG and Climate

 

 

All Other - Private Assets

 

 

Total

 

Goodwill at December 31, 2020

 

$

1,205,758

 

 

$

290,976

 

 

$

48,047

 

 

$

21,241

 

 

$

1,566,022

 

Foreign exchange translation adjustment

 

 

321

 

 

 

 

 

 

 

 

 

198

 

 

 

519

 

Goodwill at March 31, 2021

 

$

1,206,079

 

 

$

290,976

 

 

$

48,047

 

 

$

21,439

 

 

$

1,566,541

 

 

Intangible Assets, Net

The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated:

 

 

Three Months Ended

 

 

 

March 31,

 

(in thousands)

 

2021

 

 

2020

 

Amortization expense of acquired intangible assets

 

$

8,368

 

 

$

8,778

 

Amortization expense of internally developed

   capitalized software

 

 

6,700

 

 

 

4,998

 

Total amortization of intangible assets expense

 

$

15,068

 

 

$

13,776

 

 

 

The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows:

 

 

 

As of

 

 

 

March 31,

 

 

December 31,

 

 

 

2021

 

 

2020

 

 

 

(in thousands)

 

Gross intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

 

$

356,700

 

 

$

356,700

 

Trademarks/trade names

 

 

207,300

 

 

 

207,300

 

Technology/software

 

 

300,607

 

 

 

290,908

 

Proprietary data

 

 

28,627

 

 

 

28,627

 

Subtotal

 

 

893,234

 

 

 

883,535

 

Foreign exchange translation adjustment

 

 

(4,795

)

 

 

(5,262

)

Total gross intangible assets

 

$

888,439

 

 

$

878,273

 

Accumulated amortization:

 

 

 

 

 

 

 

 

Customer relationships

 

$

(258,925

)

 

$

(253,465

)

Trademarks/trade names

 

 

(145,490

)

 

 

(143,207

)

Technology/software

 

 

(238,361

)

 

 

(231,496

)

Proprietary data

 

 

(16,202

)

 

 

(15,730

)

Subtotal

 

 

(658,978

)

 

 

(643,898

)

Foreign exchange translation adjustment

 

 

134

 

 

 

373

 

Total accumulated amortization

 

$

(658,844

)

 

$

(643,525

)

Net intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

 

$

97,775

 

 

$

103,235

 

Trademarks/trade names

 

 

61,810

 

 

 

64,093

 

Technology/software

 

 

62,246

 

 

 

59,412

 

Proprietary data

 

 

12,425

 

 

 

12,897

 

Subtotal

 

 

234,256

 

 

 

239,637

 

Foreign exchange translation adjustment

 

 

(4,661

)

 

 

(4,889

)

Total net intangible assets

 

$

229,595

 

 

$

234,748

 

 

The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2021 and succeeding years:

 

Years Ending December 31,

 

Amortization

Expense

 

 

 

(in thousands)

 

Remainder of 2021

 

$

46,478

 

2022

 

 

55,353

 

2023

 

 

44,685

 

2024

 

 

36,164

 

2025

 

 

21,026

 

Thereafter

 

 

25,889

 

Total

 

$

229,595