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Goodwill and Other Intangible Assets (Tables)
12 Months Ended
Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of Goodwill by Segment and Changes in Carrying Amount of Goodwill

A summary of goodwill by segment and the changes in the carrying amount of goodwill is shown in the following table (in thousands):

 

 

Research
Segment

 

 

Consulting
Segment

 

 

Total

 

Balance at December 31, 2019

$

235,685

 

 

$

8,143

 

 

$

243,828

 

Translation adjustments

 

3,228

 

 

 

155

 

 

 

3,383

 

Balance at December 31, 2020

 

238,913

 

 

 

8,298

 

 

 

247,211

 

Translation adjustments

 

(2,143

)

 

 

(74

)

 

 

(2,217

)

Balance at December 31, 2021

$

236,770

 

 

$

8,224

 

 

$

244,994

 

T
Summary of Intangible Assets

A summary of Forrester’s intangible assets is as follows (in thousands):

 

 

December 31, 2021

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

78,364

 

 

$

25,805

 

 

$

52,559

 

Technology

 

16,845

 

 

 

13,073

 

 

 

3,772

 

Trademarks

 

12,478

 

 

 

6,076

 

 

 

6,402

 

Total

$

107,687

 

 

$

44,954

 

 

$

62,733

 

 

 

December 31, 2020

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

78,450

 

 

$

17,277

 

 

$

61,173

 

Technology

 

16,956

 

 

 

10,197

 

 

 

6,759

 

Trademarks

 

12,495

 

 

 

2,432

 

 

 

10,063

 

Total

$

107,901

 

 

$

29,906

 

 

$

77,995

 

 

Summary of Estimated Intangible Assets Amortization Expense Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):

 

2022

 

$

13,197

 

2023

 

 

11,951

 

2024

 

 

9,910

 

2025

 

 

8,878

 

2026

 

 

8,391

 

Thereafter

 

 

10,406

 

Total

 

$

62,733