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Intangible Assets and Goodwill | 3 Months Ended
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Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | Intangible Assets and Goodwill Intangible Assets The tables below summarize the Company’s intangible assets(in thousands):
| Useful Life (Years) |  | Weighted Average Remaining Life (Years) |  | March 31, 2025
|  | Intangible Assets |  | Accumulated Amortization |  | Net Balance
Trade names | 2 - 9 |  | 3.9 |  | 38,847 |  |  | (21,870) |  |  | 16,977 |
Capitalized internal use software | 3 |  | 1.5 |  | 40,591 |  |  | (18,886) |  |  | 21,705 |
Software and technology | 3 - 9 |  | 3.9 |  | 197,132 |  |  | (108,172) |  |  | 88,960 |
Total |  |  |  |  | $ | 276,570 |  |  | $ | (148,928) |  |  | $ | 127,642 |
| Useful Lives (Years) |  | Weighted Average Remaining Life (Years) |  | December 31, 2024
|  | Intangible Assets |  | Accumulated Amortization |  | Net Balance
Trade names | 2 - 9 |  | 4.2 |  | 38,822 |  |  | (20,784) |  |  | 18,038 |
Capitalized internal use software | 3 |  | 1.8 |  | 37,238 |  |  | (16,087) |  |  | 21,151 |
Software and technology | 3 - 9 |  | 4.1 |  | 196,821 |  |  | (102,307) |  |  | 94,514 |
Total |  |  |  |  | $ | 272,881 |  |  | $ | (139,178) |  |  | $ | 133,703 |
The intangible assets are being amortized over their respective original useful lives, which range from two to nine years. The Company recorded amortization expense related to the above intangible assets of approximately $9.6 million and $8.9 million for the three months ended March 31, 2025 and 2024, respectively. The estimated future amortization expense associated with intangible assets, net is as follows (in thousands):
Year ended December 31, | Future Amortization
2025 | $ | 28,965 |
2026 | 36,417 |
2027 | 30,355 |
2028 | 25,585 |
2029 | 6,320 |
Total | $ | 127,642 |
Goodwill The following table is a summary of the changes to goodwill for the three months ended March 31, 2025 (in thousands):
Balance - December 31, 2024 | $ | 615,399 |  |
Foreign currency translation adjustment | 4,956 |  |
Balance - March 31, 2025 | $ | 620,355 |  |
During the three months ended March 31, 2025, we performed a qualitative assessment of goodwill impairment and concluded that it was not more-likely-than-not that the fair value was less than the carrying value. Goodwill includes a cumulative impairment charge of $148.1 million as of March 31, 2025 related to the historical FaceBank reporting unit.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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