XML 21 R13.htm IDEA: XBRL DOCUMENT
v3.25.1

Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 6. Intangible Assets and Goodwill Intangible Assets, Net Intangible assets, net consisted of the following:
(in millions) |  | Indefinite- lived trade names |  |  | Customer relationship intangibles |  |  | Definite- lived trade names |  |  | Acquired Technology |  |  | Acquired Content |  |  | Computer software |  |  | Capitalized software in progress |  |  | Total Intangible Assets |
Gross carrying amount at March 31, 2025 |  | $ | 45.7 |  |  | $ | 365.5 |  |  | $ | 94.7 |  |  | $ | 8.4 |  |  | $ | 2.6 |  |  | $ | 46.8 |  |  | $ | 2.5 |  |  | $ | 566.2 |
Accumulated amortization |  |  | — |  |  |  | (345.9 | ) |  |  | (29.0 | ) |  |  | (5.9 | ) |  |  | (1.5 | ) |  |  | (28.0 | ) |  |  | — |  |  |  | (410.3 | )
Net carrying amount at March 31, 2025 |  | $ | 45.7 |  |  | $ | 19.6 |  |  | $ | 65.7 |  |  | $ | 2.5 |  |  | $ | 1.1 |  |  | $ | 18.8 |  |  | $ | 2.5 |  |  | $ | 155.9 |
Gross carrying amount at December 31, 2024 |  | $ | 45.7 |  |  | $ | 363.6 |  |  | $ | 92.3 |  |  | $ | 8.4 |  |  | $ | 2.6 |  |  | $ | 45.1 |  |  | $ | 2.3 |  |  | $ | 560.0 |
Accumulated amortization |  |  | — |  |  |  | (343.5 | ) |  |  | (27.6 | ) |  |  | (5.7 | ) |  |  | (1.4 | ) |  |  | (25.9 | ) |  |  | — |  |  |  | (404.1 | )
Net carrying amount at December 31, 2024 |  | $ | 45.7 |  |  | $ | 20.1 |  |  | $ | 64.7 |  |  | $ | 2.7 |  |  | $ | 1.2 |  |  | $ | 19.2 |  |  | $ | 2.3 |  |  | $ | 155.9 |
Amortization expense for the three months ended March 31, 2025 and 2024 was $6.2 million and $6.9 million, respectively. Impairment of Indefinite-Lived Intangible Assets During the three months ended March 31, 2025 and 2024, there were no triggering events or changes in circumstances that would indicate the carrying value of the Company’s indefinite-lived intangible assets was impaired. As such, no quantitative assessment for impairment was required during the first quarters of 2025 and 2024. Impairment of Long-Lived Assets Other than Goodwill and Indefinite-Lived Intangible Assets During the three months ended March 31, 2025 and 2024, there were no triggering events or changes in circumstances that would indicate the carrying value of the Company’s long-lived assets other than goodwill are not recoverable. As such, no quantitative assessment for impairment was required during the first quarters of 2025 and 2024. Goodwill The table below summarizes the changes in the carrying amount of goodwill for each reportable segment:
|  | Reportable Segment |  |  |  |  |  |  |
(in millions) |  | Connections |  |  | All Other |  |  | Total |
Balance at December 31, 2024 |  | $ | 538.2 |  |  | $ | 35.6 |  |  | $ | 573.8 |
Acquired goodwill(1) |  |  | 28.0 |  |  |  | — |  |  |  | 28.0 |
Balance at March 31, 2025 |  | $ | 566.2 |  |  | $ | 35.6 |  |  | $ | 601.8 |
(1) Includes $0.5 million of goodwill related to the acquisition of Plant Based World during the three months ended March 31, 2025. Impairment of Goodwill During the three months ended March 31, 2025 and 2024, management determined there were no triggering events or changes in circumstances that would indicate the carrying value of the Company’s goodwill is not recoverable. As such, no quantitative assessment for impairment was required during the first quarters of 2025 and 2024. No goodwill impairment charges were recorded during each of the three months ended March 31, 2025 and 2024.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration