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Goodwill and Acquired Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Schedule of Acquired Intangible Assets | Acquired intangible assets include the following:
As of December 31, (dollars in thousands) |  |  |  | 2024 |  | 2023
| Useful Life (in years)(1) |  | Cost Basis |  | Accumulated Amortization |  | Net |  | Cost Basis |  | Accumulated Amortization |  | Net
Trade name and trademarks(2)(3) |  | 4.0 |  | $ | 6,040 |  |  | $ | (2,139) |  |  | $ | 3,901 |  |  | $ | 6,040 |  |  | $ | (629) |  |  | $ | 5,411 |
Customer relationships(2) |  | 4.6 |  | 8,920 |  |  | (6,465) |  |  | 2,455 |  |  | 8,920 |  |  | (4,013) |  |  | 4,907 |
Developed technology(2) |  | 3.5 |  | 2,590 |  |  | (1,661) |  |  | 929 |  |  | 2,590 |  |  | (908) |  |  | 1,682 |
Partner relationships(4) |  | — |  | — |  |  | — |  |  | — |  |  | 730 |  |  | (122) |  |  | 608 |
Sallie.com domain |  | 4.0 |  | 150 |  |  | (6) |  |  | 144 |  |  | — |  |  | — |  |  | — |
Total acquired intangible assets |  |  |  | $ | 17,700 |  |  | $ | (10,271) |  |  | $ | 7,429 |  |  | $ | 18,280 |  |  | $ | (5,672) |  |  | $ | 12,608 |
(1) The weighted average useful life of acquired intangible assets related to the Nitro acquisition is 4.6 years and the weighted average useful life of the acquired intangible assets related to the Scholly acquisition is 4.0 years. (2) Trade name and trademarks, customer relationships, and developed technology at December 31, 2024 include $4 million, $1 million, and $1 million, respectively, related to the Scholly acquisition. (3) In 2023, we fully impaired the Nitro trade name and trademarks asset for $56 million. (4) In 2024, we fully impaired the Scholly partner relationships asset for less than $1 million.

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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 55 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482640/350-30-55-40 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482665/350-30-50-2 + Details
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