| GOODWILL AND INTANGIBLE ASSETS, NET |
GOODWILL AND INTANGIBLE ASSETS, NET 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 | | | (365) | | | (582) | | | 22,404 | | | Foreign exchange translation adjustment | | 3,095 | | | — | | | 1,876 | | | 1,035 | | | 6,006 | | | Goodwill at September 30, 2024 | | $ | 1,224,850 | | | $ | 296,007 | | | $ | 86,235 | | | $ | 1,309,010 | | | $ | 2,916,102 | | | | | | | | | | | | |
___________________________ (1)Reflects the impact of the acquisitions of Foxberry, Fabric, Trove and Burgiss. The Company completed its annual goodwill impairment test as of July 1, 2024 on its Index, Analytics, ESG and Climate, Real Assets and Private Capital Solutions reporting units, which are also the Company’s operating segments, and no impairments were noted. The Company performed a test for impairment and determined that it was more likely than not that the fair value of each reporting unit was greater than its carrying value. See Note 12, “Segment Information,” for further descriptions of the operating segments. Intangible Assets, Net The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended
September 30, | | Nine Months Ended
September 30, | | (in thousands) | | 2024 | | 2023 | | 2024 | | 2023 | | Amortization expense of acquired intangible assets | | $ | 26,066 | | | $ | 15,748 | | | $ | 77,226 | | | $ | 47,430 | | | Amortization expense of internally developed capitalized software | | 15,873 | | | 10,974 | | | 44,090 | | | 30,113 | | | Total amortization of intangible assets expense | | $ | 41,939 | | | $ | 26,722 | | | $ | 121,316 | | | $ | 77,543 | | | | | | | | | | |
The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | September 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 | | $ | 716,121 | | | $ | (369,817) | | | $ | 346,304 | | | $ | 709,299 | | | $ | (340,248) | | | $ | 369,051 | | | Proprietary data | | 454,477 | | | (96,417) | | | 358,060 | | | 452,543 | | | (64,694) | | | 387,849 | | | Acquired technology and software | | 258,108 | | | (195,608) | | | 62,500 | | | 228,785 | | | (185,583) | | | 43,202 | | | Trademarks | | 209,090 | | | (179,238) | | | 29,852 | | | 209,090 | | | (171,715) | | | 37,375 | | | Internally developed capitalized software | | 297,489 | | | (162,777) | | | 134,712 | | | 237,060 | | | (118,303) | | | 118,757 | | | Total | | $ | 1,935,285 | | | $ | (1,003,857) | | | $ | 931,428 | | | $ | 1,836,777 | | | $ | (880,543) | | | $ | 956,234 | | | | | | | | | | | | | | |
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 | | $ | 43,292 | | | 2025 | | 151,514 | | | 2026 | | 115,881 | | | 2027 | | 83,803 | | | 2028 | | 70,413 | | | Thereafter | | 466,525 | | | Total | | $ | 931,428 | | | | |
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