GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets, net are as follows:

	December 31,
	2023		2022
	(In thousands)
Goodwill	$	886,047	$	882,949
Intangible assets with indefinite lives	170,773		170,147
Intangible assets with definite lives, net of accumulated amortization	—		7,958
Total goodwill and intangible assets, net	$	1,056,820	$	1,061,054

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, 2023:

	Balance at December 31, 2022		Foreign Currency Translation		Balance at December 31, 2023
	(In thousands)
Ads and Leads	$	761,133	$	—	$	761,133
Services	51,197		—		51,197
International	70,619		3,098		73,717
Total goodwill	$	882,949	$	3,098	$	886,047

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, 2022:

	Balance at December 31, 2021		Deductions		Reporting Unit Allocation Adjustment		Impairments		Foreign Currency Translation		Balance at December 31, 2022
	(In thousands)
North America	$	843,193	$	(816)	$	(841,800)	$	—	$	(577)	$	—
Europe	72,846		—		(61,334)		—		(11,512)		—
Ads and Leads	—		—		761,133		—		—		761,133
Services	—		—		51,197		—		—		51,197
International	—		—		64,799		—		5,820		70,619
Total	916,039		(816)		(26,005)		—		(6,269)		882,949
Roofing (included in discontinued operations)	—		—		26,005		(26,005)		—		—
Total goodwill	$	916,039	$	(816)	$	—	$	(26,005)	$	(6,269)	$	882,949

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2023 and 2022, intangible assets with definite lives are as follows:

	December 31, 2023
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Technology	$	82,234	$	(82,234)	$	—	5.5
Service professional relationships	5,619		(5,619)		—		2.5
Trade names	1,376		(1,376)		—		5.0
Total	$	89,229	$	(89,229)	$	—	5.3

	December 31, 2022
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)
	(Dollars in thousands)
Technology	$	82,114	$	(74,156)	$	7,958	5.5
Service professional relationships	95,858		(95,858)		—		3.0
Trade names	1,327		(1,327)		—		5.0
Total	$	179,299	$	(171,341)	$	7,958	4.1

The decreases in gross carrying amount and accumulated amortization of intangible assets from December 31, 2022 was due primarily to the retirement of certain fully amortized service professional relationships within Ads and Leads of $90.5 million as these assets are no longer in use.

See “Note 2—Summary of Significant Accounting Policies” for further discussion of the Company’s assessments of impairment of goodwill and indefinite-lived intangible assets.