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GOODWILL AND INTANGIBLE ASSETS | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The balance of goodwill, net is as follows (in thousands):
| Goodwill |  | Accumulated Impairment Loss |  | Net Goodwill
Balance at December 31, 2020 | $ | 903,227 |  |  | $ | (483,088) |  |  | $ | 420,139 |
Changes in goodwill | — |  |  | — |  |  | — |
Balance at December 31, 2021 | $ | 903,227 |  |  | $ | (483,088) |  |  | $ | 420,139 |
Changes in goodwill | — |  |  | — |  |  | — |
Balance at December 31, 2022 | $ | 903,227 |  |  | $ | (483,088) |  |  | $ | 420,139 |
The balance of intangible assets, net is as follows (in thousands):
| December 31, 2022 |  | December 31, 2021
Intangible assets with indefinite lives | $ | 10,142 |  |  | $ | 10,142 |
Intangible assets with definite lives, net | 48,173 |  |  | 75,621 |
Total intangible assets, net | $ | 58,315 |  |  | $ | 85,763 |
Goodwill and Indefinite-Lived Intangible Assets The Company's goodwill at each of December 31, 2022 and 2021 consists of $59.3 million associated with the Home reporting unit, $166.1 million associated with the Consumer reporting unit, and $194.7 million associated with the Insurance reporting unit. Results of the annual impairment test as of October 1, 2022 indicated that no impairment had occurred. At June 30, 2022, the Company assessed the qualitative factors in its impairment testing of goodwill and determined that the effects of the challenging interest rate environment, consumer price inflation, and the decline in our market capitalization required a quantitative impairment test be performed. The quantitative goodwill impairment test found that the fair value of each reporting unit exceeded its carrying amount, indicating no goodwill impairment. The Company will monitor the recovery of the Insurance reporting unit and the Mortgage reporting unit. The property and casualty auto insurance is experiencing challenges caused by inflation, supply chain challenges, and the rising severity and frequency of claims. Additionally, the significant increase in mortgage interest rates have had a negative impact on the Mortgage reporting unit. Changes in the timing of the recovery compared to current expectations could cause an impairment to the Insurance or Mortgage reporting units. Intangible assets with indefinite lives relate to the Company's trademarks. Results of the annual impairment test as of October 1, 2022 indicated that no impairment had occurred. Intangible Assets with Definite Lives Intangible assets with definite lives relate to the following (dollars in thousands):
| Weighted Average Amortization Life |  | Cost |  | Accumulated Amortization |  | Net
Customer lists | 13.2 years |  | 77,300 |  |  | (30,775) |  |  | 46,525 |
Trademarks and tradenames | 5.0 years |  | 10,100 |  |  | (8,452) |  |  | 1,648 |
Balance at December 31, 2022 |  |  | $ | 87,400 |  |  | $ | (39,227) |  |  | $ | 48,173 |
| Weighted Average Amortization Life |  | Cost |  | Accumulated Amortization |  | Net
Technology | 4.3 years |  | $ | 87,700 |  |  | $ | (69,369) |  |  | $ | 18,331 |
Customer lists | 13.2 years |  | 77,300 |  |  | (24,668) |  |  | 52,632 |
Trademarks and tradenames | 4.9 years |  | 11,700 |  |  | (7,767) |  |  | 3,933 |
Website content | 3.0 years |  | 26,100 |  |  | (25,375) |  |  | 725 |
Balance at December 31, 2021 |  |  | $ | 202,800 |  |  | $ | (127,179) |  |  | $ | 75,621 |
The decrease in cost and accumulated amortization in 2022 compared to 2021 is primarily due to certain technology and website content intangible assets becoming fully amortized and written off in 2022. Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on balances as of December 31, 2022, future amortization is estimated to be as follows (in thousands):
| Amortization Expense
Year ending December 31, 2023 | $ | 7,694 |
Year ending December 31, 2024 | 5,889 |
Year ending December 31, 2025 | 5,830 |
Year ending December 31, 2026 | 5,504 |
Year ending December 31, 2027 | 5,198 |
Thereafter | 18,058 |
Total intangible assets with definite lives, net | $ | 48,173 |
See Note 9—Assets and Liabilities Held for Sale for intangible assets with definite lives classified as held for sale during 2022.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI https://asc.fasb.org/topic&trid=2144416 + Details
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