GOODWILL AND INTANGIBLE ASSETS

12 Months Ended

Dec. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

NOTE 5—GOODWILL AND INTANGIBLE ASSETS

Goodwill and intangible assets, net, are as follows:


	December 31,
	2020		2019

	(In thousands)
Goodwill	$	1,270,532	$	1,239,839
Intangible assets with indefinite lives	226,605		221,199
Intangible assets with definite lives, net	4,295		7,125
Total goodwill and intangible assets, net	$	1,501,432	$	1,468,163

For the year ended December 31, 2019, the Company recognized an impairment charge on the Match brand in the UK of $6.6 million. During the year ended December 31, 2020, the Company recognized additional impairment charges totaling $4.6 million related to the Match brand in the UK and the Meetic brand in Europe as the outbreak of COVID-19 placed additional pressure on projected 2020 revenues at these brands. These charges are included within amortization expense in the consolidated statement of operations for the years then ended.

The following table presents the balance of goodwill, including the changes in the carrying value of goodwill, for the years ended December 31, 2020 and 2019:


	December 31,
	2020		2019

	(In thousands)
Balance at January 1	$	1,239,839	$	1,245,012
Additions	—		3,553

Foreign Exchange Translation	30,948		(8,726)
Other	(255)		—
Balance at December 31	$	1,270,532	$	1,239,839

Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2020 and 2019, intangible assets with definite lives are as follows:


	December 31, 2020
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)

	(In thousands)
Patent and technology	$	11,044	$	(6,943)	$	4,101	9.3
Trade names	5,114		(5,114)		—		—


Other	3,688		(3,494)		194		3.0
Total	$	19,846	$	(15,551)	$	4,295	9.0


	December 31, 2019
	Gross Carrying Amount		Accumulated Amortization		Net		Weighted-Average Useful Life (Years)

	(In thousands)
Patent and technology	$	10,797	$	(5,876)	$	4,921	8.9
Trade names	6,297		(4,986)		1,311		3.0


Other	3,775		(2,882)		893		4.0
Total	$	20,869	$	(13,744)	$	7,125	7.2

At December 31, 2020, amortization of intangible assets with definite lives is estimated to be as follows:


	(In thousands)
2021	$	813
2022	706
2023	596
2024	450
2025 and thereafter	1,730
Total	$	4,295