GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
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6 Months Ended |
Jun. 30, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Change to Company's Goodwill |
The following table presents goodwill by reportable segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Index | | Analytics | | ESG and Climate | | All Other - Private Assets | | Total | | Goodwill at December 31, 2023 | | $ | 1,203,435 | | | $ | 290,976 | | | $ | 84,724 | | | $ | 1,308,557 | | | $ | 2,887,692 | | Acquisitions (1) | | 18,320 | | | 5,031 | | | (357) | | | (793) | | | 22,200 | | | Foreign exchange translation adjustment | | 11 | | | — | | | (323) | | | (166) | | | (477) | | | Goodwill at June 30, 2024 | | $ | 1,221,766 | | | $ | 296,007 | | | $ | 84,044 | | | $ | 1,307,598 | | | $ | 2,909,415 | | | | | | | | | | | | |
___________________________ (1) Reflects the impact of the acquisitions of Foxberry, Fabric, Trove and Burgiss.
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| 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) | | 2024 | | 2023 | | 2024 | | 2023 | | Amortization expense of acquired intangible assets | | $ | 25,893 | | | $ | 15,851 | | | $ | 51,160 | | | $ | 31,682 | | | Amortization expense of internally developed capitalized software | | 14,880 | | | 10,303 | | | 28,217 | | | 19,139 | | | Total amortization of intangible assets expense | | $ | 40,773 | | | $ | 26,154 | | | $ | 79,377 | | | $ | 50,821 | | | | | | | | | | |
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| 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: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2024 | | December 31, 2023 | | (in thousands) | | Gross intangible assets: | | Accumulated amortization: | | Net intangible assets: | | Gross intangible assets: | | Accumulated amortization: | | Net intangible assets: | | Customer relationships | | $ | 715,165 | | | $ | (359,623) | | | $ | 355,542 | | | $ | 709,299 | | | $ | (340,248) | | | $ | 369,051 | | | Proprietary data | | 452,232 | | | (84,858) | | | 367,374 | | | 452,543 | | | (64,694) | | | 387,849 | | | Acquired technology and software | | 256,967 | | | (191,957) | | | 65,010 | | | 228,785 | | | (185,583) | | | 43,202 | | | Trademarks | | 209,090 | | | (176,730) | | | 32,360 | | | 209,090 | | | (171,715) | | | 37,375 | | | Internally developed capitalized software | | 274,914 | | | (146,034) | | | 128,880 | | | 237,060 | | | (118,303) | | | 118,757 | | | Total | | $ | 1,908,368 | | | $ | (959,202) | | | $ | 949,166 | | | $ | 1,836,777 | | | $ | (880,543) | | | $ | 956,234 | | | | | | | | | | | | | | |
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| Schedule of Estimated Amortization Expense for Remainder Succeeding Years |
The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2024 and succeeding years: | | | | | | | | | Years Ending December 31,
(in thousands) | | Amortization
Expense | | Remainder of 2024 | | $ | 83,804 | | | 2025 | | 144,112 | | | 2026 | | 108,685 | | | 2027 | | 77,707 | | | 2028 | | 69,711 | | | Thereafter | | 465,147 | | | Total | | $ | 949,166 | | | | |
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