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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Note 3 – Goodwill and Other Intangible Assets 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, 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 |
Translation adjustments |  | (2,750 | ) |  |  | (95 | ) |  |  | (2,845 | )
Balance at December 31, 2022 | $ | 234,020 |  |  | $ | 8,129 |  |  | $ | 242,149 |
T he Company performed its annual impairment test as of November 30, 2022 utilizin g a qualitative assessment to determine if it was more likely than not that the fair values of each of its reporting units was less than their respective carrying values, and concluded that no impairments existed. As of December 31, 2022, the Company had no accumulated goodwill impairment losses and the Consulting reporting unit had a negative carrying value. A summary of Forrester’s intangible assets is as follows (in thousands):
| December 31, 2022 |
| Gross |  |  |  |  |  | Net |
| Carrying |  |  | Accumulated |  |  | Carrying |
| Amount |  |  | Amortization |  |  | Amount |
Amortizable intangible assets: |  |  |  |  |  |  |  |
Customer relationships | $ | 77,786 |  |  | $ | 33,805 |  |  | $ | 43,981 |
Technology |  | 16,803 |  |  |  | 14,696 |  |  |  | 2,107 |
Trademarks |  | 12,472 |  |  |  | 9,056 |  |  |  | 3,416 |
Total | $ | 107,061 |  |  | $ | 57,557 |  |  | $ | 49,504 |
| 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 |
Amortization expense related to intangible assets was approxi mately $13.2 milli on, $15.1 million, and $19.7 million during the years ended December 31, 2022, 2021, and 2020, respectively. Estimated intangible asset amortization expense for each of the five succeeding years is as follows (in thousands):
2023 |  | $ | 11,938 |
2024 |  |  | 9,898 |
2025 |  |  | 8,872 |
2026 |  |  | 8,390 |
2027 |  |  | 8,324 |
Thereafter |  |  | 2,082 |
Total |  | $ | 49,504 |

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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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