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Other Intangible Assets, net and Goodwill
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Other Intangible Assets, net and Goodwill Other Intangible Assets, net and Goodwill
Other Intangible Assets, net
The following tables summarize the gross carrying amounts and accumulated amortization of the Company’s identifiable intangible assets by major class:
December 31, 2020December 31, 2019
GrossAccumulated AmortizationNetGrossAccumulated AmortizationNet
Finite-lived intangible assets
Customer relationships$5,598,175 $(261,350)$5,336,825 $280,493 $(180,571)$99,922 
Databases and content1,848,041 (464,683)1,383,358 1,755,323 (342,385)1,412,938 
Computer software658,976 (209,611)449,365 285,701 (135,919)149,782 
Trade names18,606 (2,360)16,246 1,570 — 1,570 
Backlog29,216 (5,905)23,311 — — — 
Finite-lived intangible assets8,153,014 (943,909)7,209,105 2,323,087 (658,875)1,664,212 
Indefinite-lived intangible assets
Trade names161,245 — 161,245 164,428 — 164,428 
Total intangible assets$8,314,259 $(943,909)$7,370,350 $2,487,515 $(658,875)$1,828,640 
The Company performed the indefinite-lived impairment test as of October 1, 2020 and 2019. Additionally, the Company reviewed goodwill for indicators of impairment at December 31, 2020 and 2019. As part of this analysis, the Company determined that its trade name, with a carrying value of $161,245, and $164,428 as of December 31, 2020 and 2019, respectively, was not impaired and will continue to be reported as indefinite-lived intangible assets. 
In September and November 2019, the Company purchased the key business assets of SequenceBase and Darts-ip. As a result of the purchase, customer relations balance increased $3,641, computer software increased $11,525, databases and content increased $22,012 and finite-lived trade names increased $1,541. See Note 4 - Business Combinations for further details.
On January 1, 2020, all assets, liabilities, and equity interest of the Brand Protection, AntiPiracy, and AntiFraud solutions of the MarkMonitor Product Line were sold to OpSec Security for a purchase price of $3,751, which was determined to be the approximation of the fair value. At December 31, 2019, the assets and liabilities related to the divestment met the criteria for classification as Assets held for sale on the Company’s balance sheet, which included $36,924 of intangible assets. In addition, the Company compared the book value of the assets and liabilities to the purchase price and recorded a total
impairment charge during the year ended December 31, 2019 of $18,431, which included the write down of the $17,967 intangible assets classified as Assets held for sale. See Note 5 - Assets Held for Sale and Divested Operations for further details.
In June 2020, the Company acquired the assets of CustomersFirst Now for a purchase price of $6,446, which was accounted for as an asset acquisition. As a result, the Company's identifiable intangible assets increased by $6,446, which consisted of $5,446 of databases and content and $1,000 of computer software. The databases and process methodology and the computer software have a remaining weighted average amortization period of 5.0 years and 3.0 years, respectively. The total remaining weighted average amortization period is 4.7 years.
The weighted-average amortization period for each class of finite-lived intangible assets and for total finite-lived intangible assets, which range between 2 and 20 years, is as follows:
Remaining Weighted - Average Amortization Period (in years)
Customer relationships22.22
Databases and content13.68
Computer software9.62
Trade names5.39
Backlog4.04
Total19.73
Amortization amounted to $290,441, $191,361, and $227,803 for the years ended December 31, 2020, 2019, and 2018, respectively.
Estimated amortization for each of the five succeeding years as of December 31, 2020 is as follows:
2021$503,174 
2022466,526 
2023422,536 
2024400,836 
2025392,076 
Thereafter5,002,280 
Subtotal finite-lived intangible assets7,187,428 
Internally developed software projects in process21,677 
Total finite-lived intangible assets7,209,105 
Intangibles with indefinite lives161,245 
Total intangible assets$7,370,350 
Goodwill
The change in the carrying amount of goodwill is shown below:
Science SegmentIntellectual Property SegmentConsolidated Total
Balance as of December 31, 2018$908,406 $374,513 $1,282,919 
Acquisition— 44,779 44,779 
Transferred to Assets held for sale— (468)(468)
Impact of foreign currency fluctuations and other1,531 (716)815 
Balance as of December 31, 2019$909,937 $418,108 $1,328,045 
Acquisition497,263 4,202,875 4,700,138 
Divestiture— (9,129)(9,129)
Impact of foreign currency fluctuations and other607 232,975 233,582 
Balance as of December 31, 2020$1,407,807 $4,844,829 $6,252,636 
The Company performed the goodwill impairment test as of October 1, 2020 and 2019. Additionally, the Company reviewed goodwill for indicators of impairment at December 31, 2020 and 2019. As of December 31, 2020, 2019 and 2018, the accumulated goodwill impairment was $0.
Goodwill represents the purchase price in excess of the fair value of the net assets acquired in a business combination. If the carrying value of a reporting unit exceeds the implied fair value of that reporting unit, an impairment charge to goodwill is recognized for the excess. The Company’s reporting units are one level below the operating segment, as determined in accordance with ASC 350. For the years ended December 31, 2020 and 2019, the Company had six and five reporting units, respectively.
The Company estimates the fair value of its reporting units using the income approach. Under the income approach, the fair value of a reporting unit is calculated based on the present value of estimated cash flows. No indicators of impairment existed as a result of the Company’s assessments, except for the sale of the Brand Protection, AntiPiracy, and AntiFraud solutions of the MarkMonitor Product Line.
On January 1, 2020, all assets, liabilities, and equity interest of the Brand Protection, AntiPiracy, and AntiFraud solutions of the MarkMonitor Product Line were sold to OpSec Security for a purchase price of $3,751, which was determined to be the approximation of the fair value. At December 31, 2019, the assets and liabilities related to the divestment met the criteria for classification as Assets held for sale on the Company’s balance sheet, which included $468 of goodwill. In addition, the Company compared the book value of the assets and liabilities to the purchase price and recorded a total impairment charge during the year ended December 31, 2019 of $18,431, which included the write down of the $468 goodwill classified as Assets held for sale. See Note 5 - Assets Held for Sale and Divested Operations for further details.
On November 23, 2020, the Company acquired Hanlim IPS. Co., Ltd. (Hanlim), which included $2,861 of goodwill. See Note 4 - Business Combinations for further details. This goodwill balance is allocated to the Intellectual Property segment.

On October 26, 2020, the Company acquired Beijing IncoPat Technology Co. Ltd., which included $40,474 of goodwill. See Note 4 - Business Combinations for further details. This goodwill balance is allocated to the Intellectual Property segment.

On October 1, 2020, the Company acquired CPA Global, which included $4,123,165 of goodwill. See Note 4 - Business Combinations for further details.
On February 28, 2020, the Company acquired DRG, which included $497,263 of goodwill. See Note 4 - Business Combinations for further details.
On November 27, 2019, the Company acquired Darts-ip, which included $44,779 of goodwill. See Note 4 - Business Combinations for further details.