Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

The changes in carrying amounts of goodwill for the six months ended June 30, 2021 are as follows (in thousands):


	Fax and Martech		Voice, Backup, Security and CPP		Total Cloud Services		Digital Media		Consolidated
Balance as of January 1, 2021	$	425,471	$	499,025	$	924,496	$	942,934	$	1,867,430
Goodwill acquired (Note 4)	39,519		—		39,519		13,494		53,013
Goodwill removed due to sale of a business (1)	—		(1,339)		(1,339)		—		(1,339)
Goodwill reclassified to noncurrent assets held for sale (2)	—		(48,632)		(48,632)		—		(48,632)
Goodwill impairment (3)	—		(32,629)		(32,629)		—		(32,629)
Purchase accounting adjustments (4)	—		47		47		2,603		2,650
Foreign exchange translation	(1,861)		(817)		(2,678)		(276)		(2,954)
Balance as of June 30, 2021	$	463,129	$	415,655	$	878,784	$	958,755	$	1,837,539

(1) On February 9, 2021, in a cash transaction, the Company sold certain of its Voice assets in the United Kingdom which resulted in $1.3 million of goodwill being removed in connection with this sale (see Note 6 - Assets Held for Sale).

(2) During the six months ended June 30, 2021, the Company reclassified $48.6 million of goodwill to noncurrent assets held for sale in connection with certain B2B Backup assets. (see Note 6 - Assets Held for Sale).

(3) During the second quarter of 2021, the Company had an impairment to goodwill of $32.6 million in connection with certain B2B Backup assets (see Note 6 - Assets Held for Sale).

(4) Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 4 - Business Acquisitions).

Intangible Assets with Indefinite Lives

Intangible assets are summarized as of June 30, 2021 and December 31, 2020 as follows (in thousands):


	June 30, 2021		December 31, 2020
Trade names	$	27,433	$	27,460
Other	4,321		4,329
Total	$	31,754	$	31,789

Intangible Assets Subject to Amortization

As of June 30, 2021, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	9.6 years	$	269,782	$	109,994	$	159,788
Patent and patent licenses	5.5 years	67,973		67,151		822
Customer relationships (1)	8.0 years	844,952		514,540		330,412
Other purchased intangibles	4.3 years	463,616		297,454		166,162
Total		$	1,646,323	$	989,139	$	657,184

(1) Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace at which the asset’s benefits are consumed. This pattern results in a substantial majority of the amortization expense being recognized in the first 4 to 5 years, despite the overall life of the asset.

As of December 31, 2020, intangible assets subject to amortization relate primarily to the following (in thousands):


	Weighted-Average Amortization Period	Historical Cost		Accumulated Amortization		Net
Trade names	10.0 years	$	260,715	$	100,273	$	160,442
Patent and patent licenses	5.5 years	67,980		66,964		1,016
Customer relationships (1)	8.0 years	848,875		471,681		377,194
Other purchased intangibles	4.3 years	436,352		265,224		171,128
Total		$	1,613,922	$	904,142	$	709,780