Schedule of Goodwill |
The following table sets forth the changes in the carrying amount of the Company's goodwill for the six months ended June 30, 2025. | | | | | | | | | | | | | | | | | | (in thousands) | SaaS | | Marketing Services | | Total | | | | | | | | | | | | | | | | | | | | | | | | | Balance as of December 31, 2024 | $ | 253,318 | | | $ | — | | | $ | 253,318 | | | | | | | | | | | | | | Measurement period adjustments to Keap Acquisition (1) | 491 | | | — | | | 491 | | Balance as of June 30, 2025 | $ | 253,809 | | | $ | — | | | $ | 253,809 | |
(1) Goodwill increased during the six months ended June 30, 2025 in connection with a measurement period adjustment for the Keap Acquisition. See Note 2, Acquisitions.
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Schedule of Finite-lived Intangible Assets |
The following tables set forth the details of the Company's intangible assets as of June 30, 2025 and December 31, 2024:
| | | | | | | | | | | | | | | | | | | | | | | | | As of June 30, 2025 | (in thousands) | Gross | | Accumulated Amortization | | Net | | Weighted Average Remaining Amortization Period in Years | Client relationships | $ | 823,589 | | | $ | (799,259) | | | $ | 24,330 | | | 7.2 | Trademarks and domain names | 229,219 | | | (223,778) | | | 5,441 | | | 7.0 | Covenants not to compete | 5,222 | | | (5,189) | | | 33 | | | 0.5 | Total intangible assets | $ | 1,058,030 | | | $ | (1,028,226) | | | $ | 29,804 | | | 7.1 |
| | | | | | | | | | | | | | | | | | | | | | | | | As of December 31, 2024 | (in thousands) | Gross | | Accumulated Amortization | | Net | | Weighted Average Remaining Amortization Period in Years | Client relationships | $ | 818,781 | | | $ | (790,891) | | | $ | 27,890 | | | 7.4 | Trademarks and domain names | 228,021 | | | (221,936) | | | 6,085 | | | 7.4 | Covenants not to compete | 5,221 | | | (4,937) | | | 284 | | | 0.5 | Total intangible assets | $ | 1,052,023 | | | $ | (1,017,764) | | | $ | 34,259 | | | 7.4 |
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Schedule of Estimated Aggregate Future Amortization Expense |
Estimated aggregate future amortization expense for the Company's intangible assets is as follows: | | | | | | | | | (in thousands) | | Estimated Future Amortization Expense | 2025 (remaining) | | $ | 3,801 | | 2026 | | 5,961 | | 2027 | | 4,593 | | 2028 | | 4,226 | | 2029 | | 3,762 | | Thereafter | | 7,461 | | Total | | $ | 29,804 | |
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