XML 42 R31.htm IDEA: XBRL DOCUMENT v3.25.0.1
Goodwill and Other Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2024
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, 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

 

Disposition (1)

 

(14,795

)

 

 

—

 

 

 

(14,795

)

Foreign currency translation adjustments

 

(1,449

)

 

 

(54

)

 

 

(1,503

)

Balance at December 31, 2024

$

219,814

 

 

$

8,145

 

 

$

227,959

 

 

(1)
See Note 2 - Divestiture for additional information. The amount of goodwill allocated to the divestiture was determined using a relative fair value approach.
Summary of Intangible Assets

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

 

 

December 31, 2024

 

 

Gross

 

 

 

 

 

Net

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Amount

 

 

Amortization

 

 

Amount

 

Amortizable intangible assets:

 

 

 

 

 

 

 

 

Customer relationships

$

77,000

 

 

$

49,946

 

 

$

27,054

 

Technology

 

13,000

 

 

 

12,978

 

 

 

22

 

Trademarks

 

12,000

 

 

 

11,601

 

 

 

399

 

Total

$

102,000

 

 

$

74,525

 

 

$

27,475

 

 

 

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

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

2025

 

$

8,734

 

2026

 

 

8,335

 

2027

 

 

8,324

 

2028

 

 

2,082

 

Total

 

$

27,475