Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill And Intangible Assets Disclosure [Abstract]

The following table presents the Company’s purchased intangible assets as of June 30, 2021 (in thousands):

	Gross Intangibles		Accumulated Amortization			Net Intangibles		Weighted Average Amortization Period (years)
Intangible assets subject to amortization:
Customer relationships	$	195,587	$	(138,830	)	$	56,757		10
Trade names and trademarks		7,955		(3,743	)		4,212		8
Non-compete agreements		1,051		(872	)		179		3
Content library		4,835		(965	)		3,870		5
Proprietary software		870		(870	)		—		5
		210,298		(145,280	)		65,018		9
Intangible assets not subject to amortization:
Domain names		162,873		—			162,873	N/A
	$	373,171	$	(145,280	)	$	227,891

The following table presents the Company’s purchased intangible assets as of December 31, 2020 (in thousands):

	Gross Intangibles		Accumulated Amortization			Net Intangibles		Weighted Average Amortization Period (years)
Intangible assets subject to amortization:
Customer relationships	$	195,116	$	(133,689	)	$	61,427		10
Trade names and trademarks		7,918		(3,225	)		4,693		8
Non-compete agreements		1,100		(712	)		388		3
Content library		4,851		(551	)		4,300		5
Proprietary software		870		(835	)		35		5
		209,855		(139,012	)		70,843		9
Intangible assets not subject to amortization:
Domain names		163,132		—			163,132	N/A
	$	372,987	$	(139,012	)	$	233,975

Estimated Future Amortization Expense

The Company’s estimated future amortization expense for the succeeding years relating to the purchased intangible assets resulting from acquisitions completed prior to June 30, 2021 is as follows (in thousands):

	Amount
2021 (remainder of the year)	$	5,803
2022		10,421
2023		8,311
2024		8,077
2025		7,963
2026		6,982
2027 and thereafter		17,461

Changes in Goodwill

Changes in goodwill for the six months ended June 30, 2021 consisted of the following (in thousands):

	January 1, 2021		Acquisition- Related ⁽¹⁾		Impairment		Effect of Foreign Currency			June 30, 2021
Americas	$	269,472	$	176	$	—	$	393		$	270,041
EMEA		29,937		—		—		(309	)		29,628
	$	299,409	$	176	$	—	$	84		$	299,669

Changes in goodwill for the year ended December 31, 2020 consisted of the following (in thousands):

	January 1, 2020		Acquisition- Related ⁽¹⁾		Impairment ⁽²⁾			Effect of Foreign Currency		December 31, 2020
Americas	$	259,953	$	8,851	$	—		$	668	$	269,472
EMEA		51,294		—		(21,792	)		435		29,937
	$	311,247	$	8,851	$	(21,792	)	$	1,103	$	299,409

(1) The six months ended June 30, 2021 includes the impact of adjustments to acquired goodwill upon refinements of the purchase price allocation of TMC’s assets acquired and liabilities assumed. The year ended December 31, 2020 includes the goodwill recorded related to the TMC acquisition.

(2) The year ended December 31, 2020 includes the impairment of a portion of the Symphony reporting unit’s goodwill.