Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

As of December 31, goodwill was as follows:


	Integrated Agencies Network		Media Network		Communication Network		All Other		Corporate		Total
Balance at December 31, 2019	$	88,094	$	177,073	$	33,258	$	26,760	$	—	$	325,185
Acquired goodwill	7,070		235		16,275		195				23,775




Foreign currency translation	—		3,331		—		(566)		—		2,765
Balance at December 31, 2020	$	95,164	$	180,639	$	49,533	$	26,389	$	—	$	351,725
Acquired goodwill	1,058,411		178,994		66,244		—		—		1,303,649
Disposition	—		—		—		(935)		—		(935)



Foreign currency translation	(502)		(1,020)		—		(194)		—		(1,716)
Balance at December 31, 2021	$	1,153,073	$	358,613	$	115,777	$	25,260	$	—	$	1,652,723

For the twelve months ended December 31, 2021 and 2020, no impairment loss was recognized.

There were no accumulated goodwill impairment charges as of December 31, 2021 and 2020.

The gross and net amounts of intangible assets other than goodwill as of December 31,


Intangible Assets	2021		2020



Customer relationships – gross	$	875,541	$	154,510
Less accumulated amortization	(92,746)		(56,299)
Customer relationships – net	$	782,795	$	98,211

Trademarks – gross	$	190,162	$	118,647
Less accumulated amortization	(36,775)		(32,431)
Trademarks – net	$	153,387	$	86,216

Noncompete – gross	$	3,989	$	4,005
Less accumulated amortization	(3,386)		(2,980)
Noncompete – net	$	603	$	1,025

Other intangible assets – gross	$	3,717	$	2,893
Less accumulated amortization	(2,807)		(2,310)
Other intangible assets – net	$	910	$	583

Total intangible assets	$	1,073,409	$	280,055
Less accumulated amortization	(135,714)		(94,020)
Total intangible assets – net	$	937,695	$	186,035

For the twelve months ended December 31, 2021, the Company recognized an impairment charge of $16,187 to reduce the carrying values of intangible assets within the Integrated Agencies Network and Media Network reportable segments in connection with the abandonment of certain trade names as part of the rebranding of certain Brands. For the twelve months ended December 31, 2020, no impairment loss was recognized.

The weighted average amortization period for customer relationships is eight years, trademarks is eleven years, noncompete is four years, and other intangible assets is two years. In total, the weighted average amortization period is ten years. Amortization expense related to amortizable intangible assets for the twelve months ended December 31, 2021 and 2020 was $56,774 and $30,881, respectively.

The estimated amortization expense for the five succeeding years is as follows:


Year	Amortization
2022	$	92,616
2023	88,118
2024	84,880
2025	82,722
2026	80,466
Thereafter	508,893