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Goodwill and Other Intangible Assets | 12 Months Ended
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Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill In the fourth quarter of 2024, we completed a qualitative assessment for impairment of goodwill as of October 1, 2024, concluding it was not more likely than not that the carrying value of the net assets of our reporting units exceeded their respective fair values. Therefore, no impairment of goodwill existed as of December 31, 2024. At December 31, 2024 and 2023, the amount of goodwill attributable to the Rent-A-Center segment was approximately $1.9 million and $1.5 million, respectively. At December 31, 2024 and 2023, the amount of goodwill attributable to the Acima segment was approximately $288.3 million. A summary of the changes in recorded goodwill follows:
| Year Ended December 31,
(in thousands) | 2024 |  | 2023
Beginning goodwill balance | $ | 289,750 |  |  | $ | 289,750 |
Additions from acquisitions | 439 |  |  | — |
Ending goodwill balance | $ | 290,189 |  |  | $ | 289,750 |
Other Intangible Assets Amortizable intangible assets consist of the following:
|  |  | December 31, 2024 |  | December 31, 2023
(Dollar amounts in thousands) | Avg. Life (years) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer relationships | 2 |  | $ | 140,417 |  |  | $ | 140,193 |  |  | $ | 140,191 |  |  | $ | 140,165 |
Merchant relationships | 10 |  | 389,760 |  |  | 152,630 |  |  | 389,760 |  |  | 113,740 |
Trade name | 7 |  | 40,000 |  |  | 22,108 |  |  | 40,000 |  |  | 16,394 |
Non-compete agreements | 3 |  | 46,719 |  |  | 46,719 |  |  | 46,719 |  |  | 44,973 |
Total other intangible assets |  |  | $ | 616,896 |  |  | $ | 361,650 |  |  | $ | 616,670 |  |  | $ | 315,272 |
Aggregate amortization expense (in thousands):
Year Ended December 31, 2024 | $ | 46,382 |
Year Ended December 31, 2023 | $ | 58,022 |
Year Ended December 31, 2022 | $ | 65,890 |
Estimated amortization expense, assuming current intangible balances and no new acquisitions, for each of the years ending December 31, is as follows:
(in thousands) | Estimated Amortization Expense
2025 | $ | 44,736 |
2026 | 44,604 |
2027 | 44,604 |
2028 | 39,638 |
2029 | 38,593 |
Thereafter | 43,071 |
Total amortization expense | $ | 255,246 |

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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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