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Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2023
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, 2021

$

236,770

 

 

$

8,224

 

 

$

244,994

 

Foreign currency translation adjustments

 

(2,750

)

 

 

(95

)

 

 

(2,845

)

Balance at December 31, 2022

 

234,020

 

 

 

8,129

 

 

 

242,149

 

Foreign currency translation adjustments

 

2,038

 

 

 

70

 

 

 

2,108

 

Balance at December 31, 2023

$

236,058

 

 

$

8,199

 

 

$

244,257

 
Summary of Intangible Assets

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

 

 

December 31, 2023

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

77,640

 

 

$

42,091

 

 

$

35,549

 

Technology

 

16,524

 

 

 

15,950

 

 

 

574

 

Trademarks

 

12,519

 

 

 

11,005

 

 

 

1,514

 

Total

$

106,683

 

 

$

69,046

 

 

$

37,637

 

 

 

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

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

2024

 

$

9,955

 

2025

 

 

8,881

 

2026

 

 

8,396

 

2027

 

 

8,324

 

2028

 

 

2,081

 

Total

 

$

37,637