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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amounts of Goodwill | The changes in carrying amounts of goodwill for the nine months ended September 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) | 6,258 |  |  | — |  |  | 6,258 |
Goodwill impairment | (56,850) |  |  | — |  |  | (56,850) |
Purchase accounting adjustments (1) | (72) |  |  | — |  |  | (72) |
Foreign exchange translation | (644) |  |  | (503) |  |  | (1,147) |
Balance as of September 30, 2023 | $ | 1,014,681 |  |  | $ | 524,982 |  |  | $ | 1,539,663 |
(1)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions.
Intangible Assets Subject to Amortization | As of September 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 |  | $ | 265,406 |  |  | $ | 142,201 |  |  | $ | 123,205 |
Customer relationships (1) | 8 years |  | 690,942 |  |  | 533,565 |  |  | 157,377 |
Other purchased intangibles | 9 years |  | 476,529 |  |  | 389,168 |  |  | 87,361 |
Total |  |  | $ | 1,432,877 |  |  | $ | 1,064,934 |  |  | $ | 367,943 |
(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.

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