GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
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9 Months Ended |
Sep. 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 | | | (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.
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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
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 | | | | | | | | | | |
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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: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 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 | | | | | | | | | | | | | | |
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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 | | $ | 43,292 | | | 2025 | | 151,514 | | | 2026 | | 115,881 | | | 2027 | | 83,803 | | | 2028 | | 70,413 | | | Thereafter | | 466,525 | | | Total | | $ | 931,428 | | | | |
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