XML 56 R34.htm IDEA: XBRL DOCUMENT v3.20.4
GOODWILL AND INTANGIBLE ASSETS (Tables)
12 Months Ended
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Activity Related To Carrying Value of Goodwill
The following table summarizes the activity related to the carrying value of our goodwill during the years ended December 31, 2020 and 2019 (in thousands):
Goodwill as of January 1, 2019$956,029 
Goodwill recorded in connection with the acquisition of ABILITY(1)
(148)
Goodwill as of December 31, 2019 and 2020$955,881 
______________________________________
(1)During 2019, the Company finalized the working capital adjustments for ABILITY. The adjustments had no impact on the Company’s revenues or expenses. Based on our assessments of qualitative and quantitative factors, the adjustments were not considered to be material to our consolidated financial statements, individually or in the aggregate, to any previously issued consolidated financial statements.
Schedule of Intangible Assets
Intangible assets at December 31, 2020 and 2019 were as follows (in thousands):
 December 31, 2020
 GrossAccumulated
Amortization
NetWeighted
Average Remaining
Useful Life (years)
Technology$116,177 $(47,570)$68,607 10.3
Trademark and trade names31,860 (12,060)19,800 12.6
Database6,500 (6,500)— 0.0
Customer relationships480,950 (137,138)343,812 9.7
Non-compete agreements820 (820)— 0.0
Data assets22,447 (2,108)20,339 4.0
Total$658,754 $(206,196)$452,558 
 December 31, 2019
 GrossAccumulated
Amortization
NetWeighted
Average Remaining
Useful Life (years)
Technology$116,177 $(38,597)$77,580 11.0
Trademark and tradenames31,860 (9,363)22,497 13.0
Database6,500 (6,500)— 0.0
Customer relationships480,950 (97,986)382,964 10.6
Non-compete agreements820 (820)— 0.0
Total$636,307 $(153,266)$483,041 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets at December 31, 2020 and 2019 were as follows (in thousands):
 December 31, 2020
 GrossAccumulated
Amortization
NetWeighted
Average Remaining
Useful Life (years)
Technology$116,177 $(47,570)$68,607 10.3
Trademark and trade names31,860 (12,060)19,800 12.6
Database6,500 (6,500)— 0.0
Customer relationships480,950 (137,138)343,812 9.7
Non-compete agreements820 (820)— 0.0
Data assets22,447 (2,108)20,339 4.0
Total$658,754 $(206,196)$452,558 
 December 31, 2019
 GrossAccumulated
Amortization
NetWeighted
Average Remaining
Useful Life (years)
Technology$116,177 $(38,597)$77,580 11.0
Trademark and tradenames31,860 (9,363)22,497 13.0
Database6,500 (6,500)— 0.0
Customer relationships480,950 (97,986)382,964 10.6
Non-compete agreements820 (820)— 0.0
Total$636,307 $(153,266)$483,041 
Schedule of Estimated Future Amortization Expense of Intangible Assets
Estimated future amortization expense of intangible assets, based upon the Company’s intangible assets at December 31, 2020, is as follows (in thousands):
 Amount
Year ending December 31: 
2021$53,646 
202253,646 
202353,486 
202450,078 
202541,152 
Thereafter200,550 
Total$452,558