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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | NOTE 5—GOODWILL AND INTANGIBLE ASSETS Goodwill and intangible assets, net, are as follows:
| December 31,
| 2023 |  | 2022
| (In thousands)
Goodwill | $ | 2,342,612 |  |  | $ | 2,348,366 |
Intangible assets with indefinite lives | 183,053 |  |  | 189,006 |
Intangible assets with definite lives, net | 122,693 |  |  | 168,741 |
Total goodwill and intangible assets, net | $ | 2,648,358 |  |  | $ | 2,706,113 |
The following table presents the balance of goodwill, including the changes in the carrying value of goodwill, for the years ended December 31, 2023 and 2022:
| December 31,
| 2023 |  | 2022
| (In thousands)
Balance at January 1 | $ | 2,348,366 |  |  | $ | 2,411,996 |
Additions | 12,525 |  |  | 27,086 |
Foreign Exchange Translation | (18,279) |  |  | (90,716) |
Balance at December 31 | $ | 2,342,612 |  |  | $ | 2,348,366 |
During the year ended December 31, 2022, the Company recognized impairment charges of $270.1 million related to Hyperconnect indefinite- and definite-lived intangible assets related to a decline in long-term projections for the business since the acquisition in June 2021, including adverse foreign currency impacts in certain of Hyperconnect’s key markets, and the use of higher discount rates to value the assets. Additionally, the Company recognized $49.4 million of impairment during the year ended December 31, 2022 related to certain trade names including the Meetic and Match brands in Europe and certain affinity brands in the U.S., primarily due to declining projections at such brands. These charges are included within impairment and amortization of intangibles in the consolidated statement of operations. Intangible assets with indefinite lives are trade names and trademarks acquired in various acquisitions. At December 31, 2023 and 2022, intangible assets with definite lives are as follows:
| December 31, 2023
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted-Average Useful Life (Years)
| (In thousands) |  |
Customer lists | $ | 120,764 |  |  | $ | (65,596) |  |  | $ | 55,168 |  |  | 5.0
Patent and technology | 65,443 |  |  | (45,863) |  |  | 19,580 |  |  | 4.7
Trade names | 57,955 |  |  | (10,010) |  |  | 47,945 |  |  | 7.8
Other | 20 |  |  | (20) |  |  | — |  |  | —
Total | $ | 244,182 |  |  | $ | (121,489) |  |  | $ | 122,693 |  |  | 6.0
| December 31, 2022 |  |
| Gross Carrying Amount |  | Accumulated Amortization |  | Net |  | Weighted-Average Useful Life (Years) |  |
| (In thousands) |  |  |  |
Customer lists | $ | 123,531 |  |  | $ | (41,866) |  |  | $ | 81,665 |  |  | 4.9 |  |
Patent and technology | 66,754 |  |  | (33,778) |  |  | 32,976 |  |  | 4.5 |  |
Trade names | 56,594 |  |  | (2,503) |  |  | 54,091 |  |  | 7.7 |  |
Other | 22 |  |  | (13) |  |  | 9 |  |  | 2.0 |  |
Total | $ | 246,901 |  |  | $ | (78,160) |  |  | $ | 168,741 |  |  | 5.7 |  |
At December 31, 2023, amortization of intangible assets with definite lives is estimated to be as follows:
| (In thousands)
2024 | $ | 42,386 |
2025 | 35,799 |
2026 | 18,253 |
2027 | 7,968 |
2028 and thereafter | 18,287 |
Total | $ | 122,693 |

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