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Goodwill and Intangible Assets | 6 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Intangible Assets | Goodwill and Intangible Assets Goodwill The changes in carrying amounts of goodwill for the six months ended June 30, 2023 are as follows (in thousands):
| Digital Media |  | Cybersecurity and Martech |  | Consolidated
Balance as of January 1, 2023 | $ | 1,065,989 |  |  | $ | 525,485 |  |  | $ | 1,591,474 |
Goodwill acquired (Note 3) | 6,555 |  |  | — |  |  | 6,555 |
Purchase accounting adjustments (1) | (72) |  |  | — |  |  | (72) |
Foreign exchange translation | 247 |  |  | 1,692 |  |  | 1,939 |
Balance as of June 30, 2023 | $ | 1,072,719 |  |  | $ | 527,177 |  |  | $ | 1,599,896 |
(1)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions. Goodwill as of June 30, 2023 and December 31, 2022 reflects accumulated impairment losses of $27.4 million and $27.4 million, respectively, in the Digital Media reportable segment. Intangible Assets Subject to Amortization As of June 30, 2023, intangible assets subject to amortization relate primarily to the following (in thousands):
| Weighted-Average Amortization Period |  | Historical Cost |  | Accumulated Amortization |  | Net
Trade names | 10 years |  | $ | 263,700 |  |  | $ | 137,103 |  |  | $ | 126,597 |
Customer relationships (1) | 8 years |  | 692,399 |  |  | 516,458 |  |  | 175,941 |
Other purchased intangibles | 9 years |  | 478,282 |  |  | 379,181 |  |  | 99,101 |
Total |  |  | $ | 1,434,381 |  |  | $ | 1,032,742 |  |  | $ | 401,639 |
(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, 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 years |  | $ | 261,614 |  |  | $ | 125,422 |  |  | $ | 136,192 |
Customer relationships (1) | 8 years |  | 687,798 |  |  | 479,741 |  |  | 208,057 |
Other purchased intangibles | 8 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. Amortization expense, included in General and administrative expense on the Condensed Consolidated Statements of Operations, was approximately $35.3 million and $41.8 million for the three months ended June 30, 2023 and 2022, respectively, and $68.6 million and $83.0 million for the six months ended June 30, 2023 and 2022.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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