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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes In Carrying Amounts Of Goodwill

The changes in carrying amounts of goodwill for the years ended December 31, 2021 and 2020 are as follows (in thousands):

						Digital Media						Cybersecurity and Martech						Consolidated
Balance as of January 1, 2020						$	755,161					$	557,940					$	1,313,101
Goodwill acquired (Note 4)						177,951						24,950						202,901
Goodwill removed due to sale of businesses (2)						—						(4,751)						(4,751)
Purchase accounting adjustments (1)						9,721						(2,130)						7,591
Foreign exchange translation						101						6,057						6,158
Balance as of December 31, 2020						$	942,934					$	582,066					$	1,525,000
Goodwill acquired (Note 4)						55,704						41,328						97,032
Goodwill removed due to sale of businesses (3)						—						(50,277)						(50,277)
Goodwill impairment(4)						—						(32,629)						(32,629)
Purchase accounting adjustments (1)						(1,437)						505						(932)
Foreign exchange translation						(542)						(6,197)						(6,739)
Balance as of December 31, 2021						$	996,659					$	534,796					$	1,531,455

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

(2) On August 31, 2020, in a cash transaction, the Company sold certain of its Voice assets in Australia and New Zealand which resulted in $4.8 million of goodwill being written off (see Note 6 - Discontinued Operations and Dispositions).

(3) 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 and on September 17, 2021, the Company sold certain of its B2B Backup assets which resulted in $49.0 million of goodwill being removed in connection with the sale (see Note 6 - Discontinued Operations and Dispositions).

(4) During the year ended December 31, 2021, the Company had an impairment to goodwill of $32.6 million in connection with certain B2B Backup assets

The following table presents the gross carrying amount of goodwill and accumulated impairment charges as of December 31, 2021, and 2020.

			December 31, 2021																		December 31, 2020
			Gross Carrying Amount						Accumulated Impairment Charges						Net Book Value						Gross Carrying Amount						Accumulated Impairment Charges						Net Book Value
Cybersecurity and Martech			$	567,425					$	32,629					$	534,796					$	582,066					$	—					$	582,066
Digital Media			996,659						—						996,659						942,934						—						942,934
Total Goodwill			$	1,564,084					$	32,629					$	1,531,455					$	1,525,000					$	—					$	1,525,000

Intangible Assets Subject to Amortization

Intangible Assets Subject to Amortization:

As of December 31, 2021, intangible assets subject to amortization relate primarily to the following (in thousands):

			Weighted-Average   Amortization Period						Historical Cost						Accumulated Amortization						Net
Trade names			9.7 years						$	250,418					$	102,657					$	147,761
Customer relationships (1)			8.1 years						673,847						398,396						275,451
Other purchased intangibles			9.3 years						467,028						317,515						149,513
Total									$	1,391,293					$	818,568					$	572,725

(1) Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace at which the assets’ 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						$	247,189					$	88,636					$	158,553
Customer relationships (1)			8.0 years						746,330						382,815						363,515
Other purchased intangibles			9.7 years						503,195						328,403						174,792
Total									$	1,496,714					$	799,854					$	696,860

(1) Historically, the Company has amortized its customer relationship assets in a pattern that best reflects the pace at which the assets’ 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.

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

During the year ended December 31, 2021, the Company acquired SEOmoz (see Note 4 - Business Acquisitions). The identified intangible assets were recognized as part of the acquisition and their respective estimated weighted average amortizations were as follows (in thousands):

			Weighted-Average   Amortization Period						Fair Value
Trade names			5.0 years						$	7,406
Customer relationships			5.2 years						5,000
Other purchased intangibles			5.0 years						22,777
Total									$	35,183

During the year ended December 31, 2021, the Company completed other acquisitions which were individually immaterial. The identified intangible assets were recognized as part of all 2021 acquisitions and their respective estimated weighted average amortizations were as follows (in thousands):

			Weighted-Average   Amortization Period						Fair Value
Trade names			3.7 years						$	8,943
Customer relationships			6.8 years						16,945
Other purchased intangibles			3.6 years						16,117
Total									$	42,005

Expected Amortization Expenses for Intangible Assets Subject To Amortization

Expected amortization expenses for intangible assets subject to amortization at December 31, 2021 are as follows (in thousands):

Fiscal Year:
2022			$	148,268
2023			126,458
2024			82,499
2025			81,285
2026			65,253
Thereafter			68,962
Total expected amortization expense			$	572,725

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