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Goodwill and Intangible Assets (Tables) | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Carrying Amounts of Goodwill | The changes in carrying amounts of goodwill for the three months ended March 31, 2024 are as follows (in thousands):
| Digital Media |  | Cybersecurity and Martech |  | Consolidated
Balance as of January 1, 2024 | $ | 1,016,880 |  |  | $ | 529,185 |  |  | $ | 1,546,065 |
Goodwill acquired (1) | 85,900 |  |  | — |  |  | 85,900 |
Goodwill removed due to sale of businesses (2) | (3,983) |  |  | — |  |  | (3,983) |
Foreign exchange translation | (1,188) |  |  | (2,166) |  |  | (3,354) |
Balance as of March 31, 2024 | $ | 1,097,609 |  |  | $ | 527,019 |  |  | $ | 1,624,628 |
(1)Goodwill recognized in connection with the acquisition during the three months ended March 31, 2024 (see Note 3 — Business Acquisitions). (2)During the three months ended March 31, 2024, in a cash transaction, the Company sold an international asset at Digital Media within its shopping vertical, which resulted in $4.0 million of goodwill being removed in connection with this sale.
Intangible Assets Subject to Amortization | As of March 31, 2024, intangible assets subject to amortization relate primarily to the following (in thousands):
| Historical Cost |  | Accumulated Amortization |  | Net
Trade names and trademarks | $ | 349,490 |  |  | $ | 199,293 |  |  | $ | 150,197 |
Customer relationships | 774,154 |  |  | 569,148 |  |  | 205,006 |
Other purchased intangibles | 396,962 |  |  | 351,603 |  |  | 45,359 |
Total | $ | 1,520,606 |  |  | $ | 1,120,044 |  |  | $ | 400,562 |
As of December 31, 2023, intangible assets subject to amortization relate primarily to the following (in thousands):
| Historical Cost |  | Accumulated Amortization |  | Net
Trade names and trademarks | $ | 347,895 |  |  | $ | 192,111 |  |  | $ | 155,784 |
Customer relationships | 692,634 |  |  | 555,384 |  |  | 137,250 |
Other purchased intangibles | 379,703 |  |  | 347,331 |  |  | 32,372 |
Total | $ | 1,420,232 |  |  | $ | 1,094,826 |  |  | $ | 325,406 |

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