XML 35 R17.htm IDEA: XBRL DOCUMENT v3.24.0.1
GOODWILL AND INTANGIBLE ASSETS, NET
 12 Months Ended
Dec. 31, 2023
GOODWILL AND INTANGIBLE ASSETS, NET [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET
NOTE 10:-
GOODWILL AND INTANGIBLE ASSETS, NET

Goodwill

The following table represents the changes in the carrying amounts of the Company’s total goodwill:

 
  
Carrying
Amount
  
Balance as of December 31, 2021
  
$
550,380
  
Purchase accounting adjustment (1)
   
(374
)
Additions from acquisition (2)
    
5,863
  
Balance as of December 31, 2022
   
555,869
  
Purchase accounting adjustment (2)
   
62
  
Balance as of December 31, 2023
  
$
555,931
  
__________________________________________
 
(1)
Related to the Connexity acquisition.
 
(2)
Related to the Gravity R&D acquisition.

Intangible Assets, Net

Definite-lived intangible assets, net consist of the following:

December 31, 2023  
Gross Fair
Value
    
Accumulated
Amortization
    
Net Book
Value
    
Weighted-Average
Remaining Useful
Life
(In years)
  
Merchant/Network affiliate relationships
  
$
146,547
    
$
(75,987
)
  
$
70,560
       2.17  
Technology
    
74,193
      
(43,535
)
    
30,658
       2.67  
Publisher relationships
    
42,933
      
(25,044
)
    
17,889
       1.67  
Tradenames
    
24,097
      
(18,739
)
    
5,358
       0.67  
Customer relationship
   
13,146
      
(12,353
)
    
793
       2.76  
Total
  
$
300,916
    
$
(175,658
)
  
$
125,258
          

December 31, 2022  
Gross Fair
Value
   
Accumulated
Amortization
   
Net Book
Value
   
Weighted-Average
Remaining Useful
Life
(In years)
  
Merchant/Network affiliate relationships
   $ 146,547     $ (43,421 )   $ 103,126       3.17  
Technology
    
74,193
      
(32,042
)
    
42,151
       3.66  
Publisher relationships
     42,933       (14,311 )     28,622       2.67  
Tradenames
     24,097       (10,689 )     13,408       1.67  
Customer relationship
    
13,156
      
(11,307
)
    
1,849
       2.66  
Total
  
$
300,926
    
$
(111,770
)
  
$
189,156
          

Amortization expenses for intangible assets were $63,888, $63,557 and $23,007 for the years ended December 31, 2023, 2022 and 2021, respectively.

The estimated future amortization expense of definite-lived intangible assets as of December 31, 2023, is as follows:

Year Ending December 31,
      
2024
  
$
60,518
  
2025
    
51,407
  
2026
    
13,244
  
2027
    
89
  
Total
  
$
125,258