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GOODWILL, INTERNAL-USE SOFTWARE DEVELOPMENT COSTS, NET, AND INTANGIBLE ASSETS, NET | 6 Months Ended
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Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL, INTERNAL-USE SOFTWARE DEVELOPMENT COSTS, NET, AND INTANGIBLE ASSETS, NET | GOODWILL, INTERNAL-USE SOFTWARE DEVELOPMENT COSTS, NET, AND INTANGIBLE ASSETS, NET Goodwill The changes in goodwill by reportable segments, were as follows:
| Owned and Operated |  | Partner Network |  | Subscription |  | Total
Goodwill at January 27, 2022 | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Additions | 351,849 |  |  | 93,400 |  |  | 433,184 |  |  | 878,433 |
Currency translation adjustments | (37) |  |  | — |  |  | — |  |  | (37) |
Goodwill at March 31, 2022 | 351,812 |  |  | 93,400 |  |  | 433,184 |  |  | 878,396 |
Additions | 3,500 |  |  | — |  |  | — |  |  | 3,500 |
Currency translation adjustments | $ | (526) |  |  | $ | — |  |  | $ | — |  |  | $ | (526) |
Goodwill at June 30, 2022 | $ | 354,786 |  |  | $ | 93,400 |  |  | $ | 433,184 |  |  | $ | 881,370 |
Additions to goodwill were from the acquisitions of S1 Holdco, Protected.net, CouponFollow, RoadWarrior and Answers in 2022. Goodwill as of December 31, 2021 (Predecessor), resulted from the acquisitions of Concourse Media, Mapquest, and Waterfox in 2019 and the prior acquisitions of InfoSpace in 2016 and Qool Media, Inc. in 2017. There was no Goodwill activity for the period January 1, 2021 through January 26, 2022 (Predecessor). Goodwill by reportable segments as of December 31, 2021 were as follows:
| Owned and Operated |  | Partner Network |  | Total
Goodwill at December 31, 2021 (Predecessor) | $ | 24,403 |  |  | $ | 20,417 |  |  | $ | 44,820 |
Internal-use software development costs and intangible assets Internal-use software development costs and intangible assets consisted of the following:
| June 30, 2022 (Successor)
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Total internal-use software development costs | $ | 3,985 |  |  | $ | (375) |  |  | $ | 3,610 |
Intangibles: |  |  |  |  |
Developed technology | $ | 196,000 |  |  | $ | (20,822) |  |  | $ | 175,178 |
Trademarks and trade names | 287,852 |  |  | (11,803) |  |  | 276,049 |
Software | 5,100 |  |  | (428) |  |  | 4,672 |
Customer relationships | 121,000 |  |  | (20,558) |  |  | 100,442 |
Total intangible costs | $ | 609,952 |  |  | $ | (53,611) |  |  | $ | 556,341 |
| December 31, 2021 (Predecessor)
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Carrying Amount
Total internal-use software development costs | $ | 21,274 |  |  | $ | (10,061) |  |  | $ | 11,213 |
Intangibles: |  |  |  |  |
Developed technology | $ | 8,398 |  |  | $ | (7,242) |  |  | $ | 1,156 |
Trademarks and trade names | 69,007 |  |  | (21,375) |  |  | 47,632 |
Professional service agreement | 3,100 |  |  | (2,359) |  |  | 741 |
Customer relationships | 1,500 |  |  | (661) |  |  | 839 |
Total intangible costs | $ | 82,005 |  |  | $ | (31,637) |  |  | $ | 50,368 |
The internal-use software development costs include capitalized costs not ready for its internal use of $2,948 and $2,540 as of June 30, 2022 (Successor) and December 31, 2021 (Predecessor), respectively. Amortization expense for internal-use software development costs and intangible assets were as follows:
| Successor |  |  | Predecessor |  | Successor |  |  | Predecessor
| Three Months Ended June 30, 2022 |  |  | Three Months Ended June 30, 2021 |  | Period from January 27, 2022 through June 30, 2022 |  |  | Period from January 1, 2022 through January 26, 2022 |  | Six Months Ended June 30, 2021
Amortization expense for internal-use software development | $ | 78 |  |  | $ | 921 |  | $ | 143 |  |  | $ | 355 |  | $ | 2,245
Amortization expense for intangible assets | $ | 31,867 |  |  | $ | 2,102 |  | $ | 53,611 |  |  | $ | 629 |  | $ | 4,386
No impairment of internal-use software development cost or intangible assets was identified for any of the periods presented. The weighted average amortization period for all intangible assets is 7 years. As of June 30, 2022 (Successor), the expected amortization expense associated with the Company’s intangible assets and internal-use software development costs for each of the next five years, is as follows:
Amortization Expense |
Remainder of 2022 | $ | 63,901
2023 | 110,204
2024 | 101,197
2025 | 94,344
2026 | 43,380
Thereafter | 146,925
Total amortization expense | $ | 559,951

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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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