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Goodwill and Intangible Assets
6 Months Ended
Jun. 30, 2025
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, 2025 are as follows (in thousands):
Technology & ShoppingGaming & EntertainmentHealth & WellnessConnectivityCybersecurity & MartechConsolidated
Balance as of January 1, 2025
$322,057 $68,301 $403,056 $256,942 $529,902 $1,580,258 
Goodwill acquired (Note 3)
— 11,743 693 — 11,935 24,371 
Purchase accounting adjustments (1)
(128)48 — — 123 43 
Foreign exchange translation775 1,289 2,783 9,961 14,810 
Balance as of June 30, 2025$321,931 $80,867 $405,038 $259,725 $551,921 $1,619,482 
(1)Purchase accounting adjustments relate to measurement period adjustments to goodwill in connection with prior business acquisitions (see Note 3Business Acquisitions).
Goodwill as of each of June 30, 2025 and December 31, 2024 reflects accumulated impairment losses of $169.5 million in the Technology & Shopping reportable segment.
Intangible Assets Subject to Amortization
As of June 30, 2025, intangible assets subject to amortization relate primarily to the following (in thousands):
Historical
Cost
Accumulated
Amortization
Net
Trade names and trademarks$381,501 $237,376 $144,125 
Customer relationships
857,248 656,522 200,726 
Other purchased intangibles419,087 366,312 52,775 
Total$1,657,836 $1,260,210 $397,626 

As of December 31, 2024, intangible assets subject to amortization relate primarily to the following (in thousands):
Historical
Cost
Accumulated
Amortization
Net
Trade names and trademarks$375,449 $222,430 $153,019 
Customer relationships
836,254 620,926 215,328 
Other purchased intangibles421,128 363,726 57,402 
Total$1,632,831 $1,207,082 $425,749 

Amortization expense, included in ‘Depreciation and amortization’ in our Condensed Consolidated Statements of Operations, was approximately $30.6 million and $27.8 million for the three months ended June 30, 2025 and 2024, respectively, and $59.4 million and $54.1 million for the six months ended June 30, 2025 and 2024, respectively.