GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
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3 Months Ended |
Mar. 31, 2024 |
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| Goodwill and Intangible Assets Disclosure [Abstract] |
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| Schedule of Change to Company's Goodwill |
The following table presents goodwill by reportable segment: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | (in thousands) | | Index | | Analytics | | ESG and Climate | | All Other - Private Assets | | Total | | Goodwill at December 31, 2023 | | $ | 1,203,435 | | | $ | 290,976 | | | $ | 84,724 | | | $ | 1,308,557 | | | $ | 2,887,692 | | Acquisitions (1) | | — | | | 5,031 | | | (357) | | | (1,030) | | | 3,644 | | | Foreign exchange translation adjustment | | (291) | | | — | | | (347) | | | (179) | | | (817) | | | Goodwill at March 31, 2024 | | $ | 1,203,144 | | | $ | 296,007 | | | $ | 84,020 | | | $ | 1,307,348 | | | $ | 2,890,519 | | | | | | | | | | | | |
___________________________ (1)Reflects the impact of the acquisitions of Fabric, Trove and Burgiss.
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| Schedule of Amortization Expense Related to Intangible Assets by Category |
The following table presents the amount of amortization expense related to intangible assets by category for the periods indicated: | | | | | | | | | | | | | | | | | Three Months Ended
March 31, | | (in thousands) | | 2024 | | 2023 | | Amortization expense of acquired intangible assets | | $ | 25,267 | | | $ | 15,831 | | | Amortization expense of internally developed capitalized software | | 13,337 | | | 8,836 | | | Total amortization of intangible assets expense | | $ | 38,604 | | | $ | 24,667 | | | | | | |
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| Schedule of Gross Carrying and Accumulated Amortization Amounts Related to Company's Intangible Assets |
The gross carrying and accumulated amortization amounts related to the Company’s intangible assets were as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | March 31, 2024 | | | December 31, 2023 | | (in thousands) | | Gross intangible assets: | | Accumulated amortization: | | Net intangible assets: | | | Gross intangible assets: | | Accumulated amortization: | | Net intangible assets: | | | Customer relationships | | $ | 710,995 | | | $ | (349,868) | | | $ | 361,127 | | | | $ | 709,299 | | | $ | (340,248) | | | $ | 369,051 | | | | Proprietary data | | 452,207 | | | (74,675) | | | 377,532 | | | | 452,543 | | | (64,694) | | | 387,849 | | | | Acquired technology and software | | 238,285 | | | (188,492) | | | 49,793 | | | | 228,785 | | | (185,583) | | | 43,202 | | | | Trademarks | | 209,090 | | | (174,222) | | | 34,868 | | | | 209,090 | | | (171,715) | | | 37,375 | | | | Internally developed capitalized software | | 256,288 | | | (131,129) | | | 125,159 | | | | 237,060 | | | (118,303) | | | 118,757 | | | | Total | | $ | 1,866,865 | | | $ | (918,386) | | | $ | 948,479 | | | | $ | 1,836,777 | | | $ | (880,543) | | | $ | 956,234 | | | | | | | | | | | | | | | | | |
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| Estimated Amortization Expense for Remainder of 2022 and Succeeding Years |
The following table presents the estimated amortization expense for the remainder of the year ending December 31, 2024 and succeeding years: | | | | | | | | | Years Ending December 31,
(in thousands) | | Amortization
Expense | | Remainder of 2024 | | $ | 119,766 | | | 2025 | | 134,968 | | | 2026 | | 99,687 | | | 2027 | | 71,025 | | | 2028 | | 66,577 | | | Thereafter | | 456,456 | | | Total | | $ | 948,479 | | | | |
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