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Goodwill and Intangible Assets
3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
Goodwill
The changes in carrying amounts of goodwill for the three months ended March 31, 2025 are as follows (in thousands):
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechConsolidated
Balance as of January 1, 2025
$322,057 $68,301 $403,056 $256,942 $529,902 $1,580,258 
Goodwill acquired (Note 3)
— 11,743 945 — — 12,688 
Purchase accounting adjustments (1)
(244)48 — — (115)(311)
Foreign exchange translation(6)260 415 1,491 3,810 5,970 
Balance as of March 31, 2025$321,807 $80,352 $404,416 $258,433 $533,597 $1,598,605 
(1)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 3Business Acquisitions).
Goodwill as of each of March 31, 2025 and December 31, 2024 reflects accumulated impairment losses of $169.5 million in the Technology & Shopping reportable segment.
Intangible Assets Subject to Amortization
As of March 31, 2025, intangible assets subject to amortization relate primarily to the following (in thousands):
Historical
Cost
Accumulated
Amortization
Net
Trade names and trademarks$380,863 $230,311 $150,552 
Customer relationships
846,617 638,012 208,605 
Other purchased intangibles427,073 370,164 56,909 
Total$1,654,553 $1,238,487 $416,066 

As of December 31, 2024, intangible assets subject to amortization relate primarily to the following (in thousands):
Historical
Cost
Accumulated
Amortization
Net
Trade names and trademarks$375,449 $222,430 $153,019 
Customer relationships
836,254 620,926 215,328 
Other purchased intangibles421,128 363,726 57,402 
Total$1,632,831 $1,207,082 $425,749 
Amortization expense, included in ‘Depreciation and amortization’ in our Condensed Consolidated Statements of Operations, was approximately $28.8 million and $26.3 million for the three months ended March 31, 2025 and 2024, respectively.