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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] |
Changes In Carrying Amounts Of Goodwill | The changes in carrying amounts of goodwill for the years ended December 31, 2022 and 2021 are as follows (in thousands):
| Digital Media |  | Cybersecurity and Martech |  | Consolidated
Balance as of January 1, 2021 | $ | 942,934 |  |  | $ | 582,066 |  |  | $ | 1,525,000 |
Goodwill acquired (Note 4) | 55,704 |  |  | 41,328 |  |  | 97,032 |
Goodwill removed due to sale of businesses (1) | — |  |  | (50,277) |  |  | (50,277) |
Goodwill impairment | — |  |  | (32,629) |  |  | (32,629) |
Purchase accounting adjustments (2) | (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 |
Goodwill acquired (Note 4) | 95,737 |  |  | — |  |  | 95,737 |
Goodwill impairment | (27,369) |  |  | — |  |  | (27,369) |
Purchase accounting adjustments (2) | 4,475 |  |  | (137) |  |  | 4,338 |
Foreign exchange translation | (3,513) |  |  | (9,174) |  |  | (12,687) |
Balance as of December 31, 2022 | $ | 1,065,989 |  |  | $ | 525,485 |  |  | $ | 1,591,474 |
(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 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). (2)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 4 - B usiness Acquisitions).
Intangible Assets Subject to Amortization | As of December 31, 2022, 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 |  | $ | 261,614 |  |  | $ | 125,422 |  |  | $ | 136,192 |
Customer relationships (1) | 7.9 years |  | 687,798 |  |  | 479,741 |  |  | 208,057 |
Other purchased intangibles | 8.3 years |  | 481,973 |  |  | 363,407 |  |  | 118,566 |
Total |  |  | $ | 1,431,385 |  |  | $ | 968,570 |  |  | $ | 462,815 |
(1)The Company amortizes 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, 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)The Company amortizes 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.
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | During the year ended December 31, 2022, the Company completed acquisitions (see Note 4 - Business Acquisitions) which were individually immaterial. The identified intangible assets were recognized as part of all 2022 acquisitions and their respective estimated weighted average amortizations were as follows as of December 31, 2022 (in thousands):
| Weighted-Average Amortization Period |  | Carrying Value
Trade names | 9.6 years |  | $ | 12,423 |
Customer relationships | 7.3 years |  | 18,714 |
Other purchased intangibles | 2.4 years |  | 17,567 |
Total |  |  | $ | 48,704 |
Expected Amortization Expenses for Intangible Assets Subject To Amortization | Expected amortization expenses for intangible assets subject to amortization at December 31, 2022 are as follows (in thousands):
Fiscal Year: |
2023 | $ | 139,975 |
2024 | 99,158 |
2025 | 76,614 |
2026 | 68,813 |
2027 | 29,467 |
Thereafter | 48,788 |
Total expected amortization expense | $ | 462,815 |

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