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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Changes in Carrying Amount of Goodwill

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

 

 

 

 

 

 

 

 

 

 

Sirius

 

 

 

 

 

 

Product

 

 

Research

 

 

Decisions

 

 

Total

 

Balance at January 1, 2018

$

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

 

Reassignment

 

(12,518

)

 

 

12,518

 

 

 

 

 

 

 

Acquisition

 

 

 

 

16,025

 

 

 

142,544

 

 

 

158,569

 

Translation adjustments

 

 

 

 

121

 

 

 

40

 

 

 

161

 

Balance at December 31, 2019

$

 

 

$

101,311

 

 

$

142,584

 

 

$

243,895

 

Summary of Intangible Assets

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

 

 

December 31, 2019

 

 

Gross

 

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

 

 

 

Customer relationships

$

109,825

 

 

$

40,169

 

 

$

69,656

 

Technology

 

16,661

 

 

 

7,051

 

 

 

9,610

 

Backlog

 

13,000

 

 

 

6,500

 

 

 

6,500

 

Trademarks

 

12,451

 

 

 

854

 

 

 

11,597

 

Total

$

151,937

 

 

$

54,574

 

 

$

97,363

 

 

 

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

 

Trademarks

 

443

 

 

 

26

 

 

 

417

 

Total

$

36,876

 

 

$

31,925

 

 

$

4,951

 

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

2020

 

$

18,843

 

2021

 

 

12,343

 

2022

 

 

11,004

 

2023

 

 

10,830

 

2024

 

 

9,720

 

Thereafter

 

 

34,623

 

Total

 

$

97,363