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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2018
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Changes in Carrying Amount of Goodwill

A summary of the goodwill by segment and the changes in the carrying amount of goodwill is shown in the following table (in thousands).

 

 

 

 

 

 

 

 

 

 

 

Project

 

 

 

 

 

 

Product

 

 

Research

 

 

Consulting

 

 

Total

 

Balance at January 1, 2017

$

2,343

 

 

$

70,850

 

 

$

 

 

$

73,193

 

Translation adjustments

 

95

 

 

 

2,881

 

 

 

 

 

 

2,976

 

Balance at December 31, 2017

 

2,438

 

 

 

73,731

 

 

 

 

 

 

76,169

 

Acquisitions

 

10,178

 

 

 

 

 

 

 

 

 

10,178

 

Translation adjustments

 

(98

)

 

 

(1,084

)

 

 

 

 

 

(1,182

)

Balance at December 31, 2018

$

12,518

 

 

$

72,647

 

 

$

 

 

$

85,165

 

Summary of Intangible Assets

A summary of Forrester’s intangible assets is as follows (in thousands):

 

 

December 31, 2018

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

32,823

 

 

$

31,604

 

 

$

1,219

 

Technology

 

3,610

 

 

 

295

 

 

 

3,315

 

Trade name

 

443

 

 

 

26

 

 

 

417

 

Total

$

36,876

 

 

$

31,925

 

 

$

4,951

 

 

 

December 31, 2017

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

31,735

 

 

$

31,003

 

 

$

732

 

Research content

 

1,083

 

 

 

1,083

 

 

 

 

Total

$

32,818

 

 

$

32,086

 

 

$

732

 

Summary of Estimated Intangible Assets Amortization Expense Estimated intangible asset amortization expense for each of the five succeeding fiscal years is as follows (in thousands):

Year ending December 31, 2019

$

865

 

Year ending December 31, 2020

 

865

 

Year ending December 31, 2021

 

865

 

Year ending December 31, 2022

 

865

 

Year ending December 31, 2023

 

693

 

Thereafter

 

798

 

Total

$

4,951