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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2024
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, 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) | 112,534 |  |  | — |  |  | 112,534 |
Goodwill removed due to sale of businesses (2) | (3,983) |  |  | — |  |  | (3,983) |
Goodwill impairment | (85,273) |  |  | — |  |  | (85,273) |
Foreign exchange translation | 1,180 |  |  | 2,331 |  |  | 3,511 |
Balance as of September 30, 2024 | $ | 1,041,338 |  |  | $ | 531,516 |  |  | $ | 1,572,854 |
(1)Goodwill recognized in connection with the acquisitions during the nine months ended September 30, 2024 (see Note 3 — Business Acquisitions), which is not expected to be deductible for income tax purposes. (2)During the nine months ended September 30, 2024, in a cash transaction, the Company sold an international business 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 September 30, 2024, intangible assets subject to amortization relate primarily to the following (in thousands):
| Historical Cost |  | Accumulated Amortization |  | Net
Trade names and trademarks | $ | 375,332 |  |  | $ | 214,695 |  |  | $ | 160,637 |
Customer relationships | 847,121 |  |  | 603,979 |  |  | 243,142 |
Other purchased intangibles | 427,589 |  |  | 360,594 |  |  | 66,995 |
Total | $ | 1,650,042 |  |  | $ | 1,179,268 |  |  | $ | 470,774 |
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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