XML 29 R13.htm IDEA: XBRL DOCUMENT v3.22.0.1
GOODWILL AND INTANGIBLE ASSETS
 12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill and intangible assets, net are as follows:
December 31,
20212020
(In thousands)
Goodwill$916,039 $891,797 
Intangible assets with indefinite lives171,427 171,888 
Intangible assets with definite lives, net of accumulated amortization22,399 37,829 
Total goodwill and intangible assets, net$1,109,865 $1,101,514 
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2021:
Balance at December 31, 2020Additions(Deductions)Foreign
Currency
Translation		Balance at December 31, 2021
(In thousands)
North America$816,307 $26,822 $— $64 $843,193 
Europe75,490 — — (2,644)72,846 
Total goodwill$891,797 $26,822 $— $(2,580)$916,039 
In July, 2021, Angi acquired certain assets and assumed certain liabilities of Total Home Roofing (“Angi Roofing”) (included in the North America segment), including $26.8 million of goodwill.
The following table presents the balance of goodwill by reportable segment, including the changes in the carrying value of goodwill, for the year ended December 31, 2020:
Balance at December 31, 2019Additions(Deductions)Foreign
Currency
Translation		Balance at December 31, 2020
(In thousands)
North America$813,417 $2,665 $— $225 $816,307 
Europe70,543 — — 4,947 75,490 
Total goodwill$883,960 $2,665 $— $5,172 $891,797 
Additions relate to immaterial acquisition activity during the year (included in the North America segment).
Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2021 and 2020, intangible assets with definite lives are as follows:
December 31, 2021
Gross
Carrying
Amount		Accumulated
Amortization		NetWeighted-Average
Useful Life
(Years)
(Dollars in thousands)
Service professional relationships$97,989 $(97,322)$667 3.0
Technology 82,351 (60,619)21,732 5.5
Trade names 1,415 (1,415)— 5.0
Total $181,755 $(159,356)$22,399 4.1
December 31, 2020
Gross
Carrying
Amount		Accumulated
Amortization		NetWeighted-Average
Useful Life
(Years)
(Dollars in thousands)
Service professional relationships$97,160 $(97,000)$160 3.0
Technology 83,468 (47,144)36,324 5.5
Memberships15,900 (15,900)— 3.0
Customer lists and user base800 (192)608 8.0
Trade names 3,128 (2,391)737 5.6
Total $200,456 $(162,627)$37,829 4.1
At December 31, 2021, amortization of intangible assets with definite lives for each of the next five years and thereafter is estimated to be as follows:
Years Ending December 31,(In thousands)
2022$14,441 
20237,958 
2024— 
2025— 
2026— 
Thereafter— 
Total$22,399