Other Intangible Assets, net and Goodwill

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Other Intangible Assets, net and Goodwill

Other Intangible Assets, net

The following tables summarize the gross carrying amounts and accumulated amortization of the Company’s identifiable intangible assets by major class:


	September 30, 2021						December 31, 2020
	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Finite-lived intangible assets
Customer relationships	$	5,501,710	$	(443,814)	$	5,057,896	$	5,598,175	$	(261,350)	$	5,336,825
Databases and content	1,853,364		(555,447)		1,297,917		1,848,041		(464,683)		1,383,358
Computer software	714,904		(298,333)		416,571		658,976		(209,611)		449,365
Trade names	14,742		(5,190)		9,552		18,606		(2,360)		16,246

Backlog	29,100		(9,894)		19,206		29,216		(5,905)		23,311
Finite-lived intangible assets	8,113,820		(1,312,678)		6,801,142		8,153,014		(943,909)		7,209,105
Indefinite-lived intangible assets
Trade names	162,939		—		162,939		161,245		—		161,245
Total intangible assets	$	8,276,759	$	(1,312,678)	$	6,964,081	$	8,314,259	$	(943,909)	$	7,370,350

Amortization amounted to $128,026 and $65,696 for the three months ended September 30, 2021, and 2020, respectively, and $383,270 and $168,049 for the nine months ended September 30, 2021, and 2020, respectively.

In June 2020, the Company acquired the assets of CustomersFirst Now for a purchase price of $6,446, which was accounted for as an asset acquisition. As a result, the Company's identifiable intangible assets increased by $6,446, which consisted of $5,446 of databases and content and $1,000 of computer software. At the time of acquisition, the databases and process methodology and the computer software had a remaining weighted average amortization period of 5.0 years and 3.0 years, respectively, resulting in a total remaining weighted average amortization period of 4.7 years.

Goodwill

The change in the carrying amount of goodwill is shown below:


	Science Segment		Intellectual Property Segment		Consolidated Total
Balance as of December 31, 2019	$	909,937	$	418,108	$	1,328,045
Acquisition	497,263		4,202,875		4,700,138
Divestiture	—		(9,129)		(9,129)
Impact of foreign currency fluctuations and other	607		232,975		233,582
Balance as of December 31, 2020	$	1,407,807	$	4,844,829	$	6,252,636
Acquisition(1)	11,297		20,629		31,926

Impact of foreign currency fluctuations and other	(702)		(85,159)		(85,861)
Balance as of September 30, 2021	$	1,418,402	$	4,780,299	$	6,198,701

(1) Balance represents $20,493 in purchase accounting adjustments associated with the CPA Global acquisition and $136 in purchase accounting adjustments associated with the IncoPat acquisition. Refer to Note 4 - Business Combinations for additional disclosures.