Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill and Indefinite-lived Intangible Asset

The changes in the carrying amount of goodwill and indefinite-lived intangible asset are as follows (in thousands):

	Goodwill			Cars.com Trade name
December 31, 2019	$	505,885		$	790,020
Impairment		(505,885	)		(400,000	)
December 31, 2020	$	—		$	390,020
Additions (1)		26,227			—
December 31, 2021	$	26,227		$	390,020

(1)In connection with the CreditIQ Acquisition, the Company recorded goodwill in the amount of $26.2 million. No impairment was noted for the year ended December 31, 2021. For more information on the Acquisition, see Note 3 (Business Combination).

Definite-Lived Intangible Assets by Major Asset Class

The Company’s definite-lived intangible assets by major asset class are as follows (in thousands):

	December 31, 2021							December 31, 2020
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	832,540	$	(487,782	)	$	344,758	$	832,540	$	(416,452	)	$	416,088
Acquired software		60,700		(40,362	)		20,338		111,200		(98,411	)		12,789
Other trade names		24,800		(10,492	)		14,308		23,900		(7,631	)		16,269
Content library		2,100		(2,100	)		—		2,100		(2,100	)		—
Total	$	920,140	$	(540,736	)	$	379,404	$	969,740	$	(524,594	)	$	445,146

Projected Annual Amortization Expense for Amortizable Intangible Assets

As of December 31, 2021, projected annual amortization expense for amortizable intangible assets is as follows (in thousands):

2022	$	75,584
2023		73,718
2024		71,112
2025		56,369
2026		34,960
Thereafter		67,661
Total	$	379,404