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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the Carrying Amount of Goodwill and Indefinite-lived Intangible Asset

The changes in the carrying amount of goodwill and indefinite-lived intangible asset are as follows (in thousands):


	Goodwill			Cars.com Trade name
December 31, 2022	$	102,856		$	390,020
Additions (1)		42,254			—
Foreign currency translation adjustment		1,948			—
December 31, 2023	$	147,058		$	390,020
Foreign currency translation adjustment		(3,479	)		—
Other adjustments (1)		(300	)		—
December 31, 2024	$	143,279		$	390,020

(1)

In connection with the D2C Media Acquisition, the Company recorded goodwill in the amount of $42.0 million. The D2C Media Acquisition related goodwill was preliminary as of December 31, 2023, and was subject to an immaterial purchase accounting adjustment in 2024. For more information on the acquisitions, see Note 3 (Business Combinations).

Definite-Lived Intangible Assets by Major Asset Class

The Company’s definite-lived intangible assets by major asset class are as follows (in thousands):


	December 31, 2024							December 31, 2023
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Customer relationships	$	857,733	$	(687,163	)	$	170,570	$	864,344	$	(624,204	)	$	240,140
Acquired software		82,386		(63,102	)		19,284		83,138		(54,990	)		28,148
Other trade names		26,941		(21,125	)		5,816		27,001		(16,142	)		10,859
Content library		2,100		(2,100	)		—		2,100		(2,100	)		—
Total	$	969,160	$	(773,490	)	$	195,670	$	976,583	$	(697,436	)	$	279,147

Projected Annual Amortization Expense for Amortizable Intangible Assets

As of December 31, 2024, projected annual amortization expense for amortizable intangible assets is as follows (in thousands):


2025	$	62,215
2026		40,806
2027		34,550
2028		28,372
2029		13,698
Thereafter		16,029
Total	$	195,670