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Goodwill and Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Goodwill | Goodwill includes the following activity during the years ended December 31, 2022 and 2021:
|  | December 31,
|  | 2022 |  | 2021
|  | (in thousands)
Balance at beginning of period |  | $ | 2,780,259 |  |  | $ | 2,694,797 |
Goodwill recognized in connection with the NFI Acquisition |  | — |  |  | 85,462 |
Balance at end of period |  | $ | 2,780,259 |  |  | $ | 2,780,259 |
Summary of Intangible Assets Which Have an Indefinite Useful Life | Intangible assets with an indefinite useful life consisted of the following as of December 31, 2022 and 2021:
|  | December 31,
|  | 2022 |  | 2021
|  | (in thousands)
Licenses |  | $ | 168,800 |  |  | $ | 168,800 |
Tradename |  | 154,300 |  |  | 154,300 |
Total |  | $ | 323,100 |  |  | $ | 323,100 |
Intangible Assets That are Subject to Amortization | Intangible assets that are subject to amortization consisted of the following:
|  |  |  | December 31, 2022 |  | December 31, 2021
|  | Amortization Period |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount |  | Cost |  | Accumulated Amortization |  | Net Carrying Amount
|  |  |  | (in thousands)
Customer relationships - Refinitiv Transaction |  | 12 years |  | $ | 928,200 |  |  | $ | (328,737) |  |  | $ | 599,463 |  |  | $ | 928,200 |  |  | $ | (251,387) |  |  | $ | 676,813 |
Customer relationships - NFI Acquisition |  | 13 years |  | 101,285 |  |  | (11,687) |  |  | 89,598 |  |  | 101,285 |  |  | (3,896) |  |  | 97,389 |
Content and data |  | 7 years |  | 154,400 |  |  | (93,743) |  |  | 60,657 |  |  | 154,400 |  |  | (71,686) |  |  | 82,714 |
|  |  |  | $ | 1,183,885 |  |  | $ | (434,167) |  |  | $ | 749,718 |  |  | $ | 1,183,885 |  |  | $ | (326,969) |  |  | $ | 856,916 |
Estimated Annual Future Amortization for Existing Intangible Assets | The estimated annual future amortization for software development costs through December 31, 2027 is as follows:
|  | Amount
|  | (in thousands)
2023 |  | $ | 47,730 |
2024 |  | $ | 36,648 |
2025 |  | $ | 24,691 |
2026 |  | $ | 18,722 |
2027 |  | $ | 14,042 |
The estimated annual future amortization for definite-lived intangible assets through December 31, 2027 is as follows:
|  | Amount
|  | (in thousands)
2023 |  | $ | 107,198 |
2024 |  | $ | 107,198 |
2025 |  | $ | 101,684 |
2026 |  | $ | 85,141 |
2027 |  | $ | 85,141 |

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