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Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets

Note 8 — Goodwill and Other Intangible Assets

The components of goodwill are outlined below for the six months ended June 30, 2025:

 

 

 

HWC

 

 

R&B

 

 

Total

 

Balance at December 31, 2024:

 

 

 

 

 

 

 

 

 

Goodwill, gross

 

$

7,276

 

 

$

2,796

 

 

$

10,072

 

Accumulated impairment losses

 

 

(911

)

 

 

(362

)

 

 

(1,273

)

Goodwill, net - December 31, 2024

 

 

6,365

 

 

 

2,434

 

 

 

8,799

 

Goodwill acquired

 

 

—

 

 

 

9

 

 

 

9

 

Foreign exchange

 

 

43

 

 

 

87

 

 

 

130

 

Balance at June 30, 2025:

 

 

 

 

 

 

 

 

 

Goodwill, gross

 

 

7,319

 

 

 

2,892

 

 

 

10,211

 

Accumulated impairment losses

 

 

(911

)

 

 

(362

)

 

 

(1,273

)

Goodwill, net - June 30, 2025

 

$

6,408

 

 

$

2,530

 

 

$

8,938

 

 

Other Intangible Assets

The following table reflects changes in the net carrying amounts of the components of finite-lived intangible assets for the six months ended June 30, 2025:

 

 

 

Client relationships

 

 

Software

 

 

Trademark and trade name

 

 

Total

 

Balance at December 31, 2024:

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, gross

 

$

3,135

 

 

$

730

 

 

$

1,036

 

 

$

4,901

 

Accumulated amortization

 

 

(2,497

)

 

 

(727

)

 

 

(382

)

 

 

(3,606

)

Intangible assets, net - December 31, 2024

 

 

638

 

 

 

3

 

 

 

654

 

 

 

1,295

 

Intangible assets acquired

 

 

10

 

 

 

—

 

 

 

—

 

 

 

10

 

Amortization

 

 

(75

)

 

 

(1

)

 

 

(21

)

 

 

(97

)

Foreign exchange

 

 

24

 

 

 

—

 

 

 

—

 

 

 

24

 

Balance at June 30, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Intangible assets, gross

 

 

3,246

 

 

 

752

 

 

 

1,041

 

 

 

5,039

 

Accumulated amortization

 

 

(2,649

)

 

 

(750

)

 

 

(408

)

 

 

(3,807

)

Intangible assets, net - June 30, 2025

 

$

597

 

 

$

2

 

 

$

633

 

 

$

1,232

 

 

The weighted-average remaining life of amortizable intangible assets at June 30, 2025 was 11.0 years.

The table below reflects the future estimated amortization expense for amortizable intangible assets for the remainder of 2025 and for subsequent years:

 

 

 

Amortization

 

Remainder of 2025

 

$

93

 

2026

 

 

172

 

2027

 

 

155

 

2028

 

 

138

 

2029

 

 

116

 

Thereafter

 

 

558

 

Total

 

$

1,232