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Goodwill and Intangible Assets (Tables)
6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Intangible Assets and Goodwill

The carrying amounts of goodwill and intangible assets, as of June 30, 2022 and December 31, 2021, consist of the following:

 

 

June 30, 2022

 

(in thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

409,430

 

 

$

(110,696

)

 

$

298,734

 

Developed technologies

 

 

57,200

 

 

 

(21,453

)

 

 

35,747

 

Tradenames

 

 

36,000

 

 

 

(6,096

)

 

 

29,904

 

Database

 

 

46,580

 

 

 

(38,769

)

 

 

7,811

 

Total finite-lived intangible assets

 

 

549,210

 

 

 

(177,014

)

 

 

372,196

 

Goodwill

 

 

1,322,959

 

 

 

 

 

 

1,322,959

 

Total goodwill and Intangible assets

 

$

1,872,169

 

 

$

(177,014

)

 

$

1,695,155

 

 

 

 

 

December 31, 2021

 

(in thousands)

 

Gross
Carrying
Amount

 

 

Accumulated
Amortization

 

 

Net Carrying
Amount

 

Finite-lived intangible assets:

 

 

 

 

 

 

 

 

 

Customer relationships

 

$

370,030

 

 

$

(92,942

)

 

$

277,088

 

Developed technologies

 

 

51,100

 

 

 

(17,475

)

 

 

33,625

 

Tradenames

 

 

35,500

 

 

 

(5,034

)

 

 

30,466

 

Database

 

 

43,080

 

 

 

(31,789

)

 

 

11,291

 

Total finite-lived intangible assets

 

 

499,710

 

 

 

(147,240

)

 

 

352,470

 

Goodwill

 

 

1,261,444

 

 

 

 

 

 

1,261,444

 

Total goodwill and Intangible assets

 

$

1,761,154

 

 

$

(147,240

)

 

$

1,613,914

 

Schedule of Future Amortization Expense

Estimated total intangible amortization expense during the next five years and thereafter is as follows:

(in thousands)

 

 

 

2022, excluding the six months ended June 30, 2022

 

$

25,520

 

2023

 

 

48,216

 

2024

 

 

45,369

 

2025

 

 

41,419

 

2026

 

 

34,878

 

Thereafter

 

 

176,794

 

Total

 

$

372,196