Annual report pursuant to Section 13 and 15(d)

Goodwill and Intangible Assets (Tables)

v3.24.0.1
Goodwill and Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets  
Summary of changes to the goodwill carrying value

(in thousands)

Goodwill as of January 1, 2022

    

$

350,560

Measurement period adjustments

(4,660)

Foreign exchange impact

 

(2,889)

Goodwill as of December 31, 2022

343,011

Business combinations (Scibids)

90,668

Foreign exchange impact

2,329

Goodwill as of December 31, 2023

$

436,008

Schedule of intangible assets and related accumulated amortization

December 31, 2023

December 31, 2022

Gross 

Net

Gross 

Net

Carrying

Accumulated 

Carrying

Carrying

Accumulated 

Carrying

(in thousands)

    

Amount

    

Amortization

    

Amount

    

Amount

    

Amortization

    

Amount

Trademarks and brands

$

11,734

$

(5,140)

$

6,594

$

11,733

$

(4,294)

$

7,439

Customer relationships

161,173

(62,955)

98,218

145,834

(49,587)

96,247

Developed technology

93,013

(56,942)

36,071

76,677

(44,956)

31,721

Non-compete agreements

66

(66)

64

(42)

22

Total intangible assets

$

265,986

$

(125,103)

$

140,883

$

234,308

$

(98,879)

$

135,429

    

(In years)

Trademarks and brands

9

Customer relationships

7

Developed technology

 

2

Schedule of estimated future expected amortization expense of intangible assets

(in thousands)

    

2024

$

28,823

2025

 

26,894

2026

 

22,141

2027

18,187

2028

 

14,972

Thereafter

 

29,866

Total

$

140,883