v3.23.2
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
 6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Change to Company's Goodwill
The following table presents goodwill by reportable segment:
(in thousands)IndexAnalyticsESG and ClimateAll Other - Private AssetsTotal
Goodwill at December 31, 2022$1,201,622 $290,976 $48,047 $689,025 $2,229,670 
Foreign exchange translation adjustment1,726 — — 1,063 2,789 
Goodwill at June 30, 2023$1,203,348 $290,976 $48,047 $690,088 $2,232,459 
Schedule of Amortization Expense Related to Intangible Assets by Category
The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated:
Three Months Ended
June 30,		Six Months Ended
June 30,
(in thousands)2023202220232022
Amortization expense of acquired intangible assets$15,851 $15,854 $31,682 $31,752 
Amortization expense of internally developed capitalized software10,303 6,325 19,139 12,147 
Total amortization of intangible assets expense$26,154 $22,179 $50,821 $43,899 
Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets
The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows:
As of
June 30,December 31,
(in thousands)20232022
Gross intangible assets:
Customer relationships$532,500 $532,500 
Proprietary data220,778 220,778 
Acquired technology and software209,220 209,220 
Trademarks208,190 208,190 
Internally developed capitalized software202,836 165,928 
Subtotal1,373,524 1,336,616 
Foreign exchange translation adjustment(9,864)(13,214)
Total gross intangible assets$1,363,660 $1,323,402 
Accumulated amortization:
Customer relationships$(323,722)$(308,437)
Proprietary data(51,334)(41,783)
Acquired technology and software(181,891)(179,833)
Trademarks(166,832)(162,044)
Internally developed capitalized software(95,913)(77,259)
Subtotal(819,692)(769,356)
Foreign exchange translation adjustment2,457 4,471 
Total accumulated amortization$(817,235)$(764,885)
Net intangible assets:
Customer relationships$208,778 $224,063 
Proprietary data169,444 178,995 
Acquired technology and software27,329 29,387 
Trademarks41,358 46,146 
Internally developed capitalized software106,923 88,670 
Subtotal553,832 567,260 
Foreign exchange translation adjustment(7,407)(8,743)
Total net intangible assets$546,425 $558,517 
Estimated Amortization Expense for Remainder of 2022 and Succeeding Years
The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2023 and succeeding years:    
Years Ending December 31,
(in thousands)		Amortization
Expense
Remainder of 2023$54,950 
2024104,375 
202579,120 
202644,725 
202736,644 
Thereafter226,611 
Total$546,425