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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 There were no changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023. Goodwill decreased $126.6 million for the year ended December 31, 2022 as a result of impairments related to our Europe and Japan reporting units. The Euro denominated goodwill had been translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that was recorded as a component of Other Comprehensive Income. Intangible assets other than goodwill for the years ended December 31, 2024 and 2023 were as follows:
| Year Ended December 31, 2024 |  | Year Ended December 31, 2023 |  |  |  | Weighted Average Useful Life
(in thousands) | Gross |  | Accumulated Amortization |  | Net |  | Gross |  | Accumulated Amortization |  | Net |  | Useful Life (in years) |  | Remaining (in years)
Marketing assets | $ | 930 |  |  | $ | (930) |  |  | $ | — |  |  | $ | 930 |  |  | $ | (900) |  |  | $ | 30 |  |  | 10.0 |  | 0.0
Non-compete agreement | 819 |  |  | (703) |  |  | 116 |  |  | 835 |  |  | (603) |  |  | 232 |  |  | 2.0 - 5.0 |  | 0.7
Software technology | 13,229 |  |  | (9,123) |  |  | 4,106 |  |  | 13,229 |  |  | (7,752) |  |  | 5,477 |  |  | 10.0 |  | 3.0
Software platform | 25,657 |  |  | (8,457) |  |  | 17,200 |  |  | 26,373 |  |  | (6,575) |  |  | 19,798 |  |  | 12.0 |  | 8.1
Tradenames | 344 |  |  | (344) |  |  | — |  |  | 354 |  |  | (347) |  |  | 7 |  |  | 3.0 |  | 0.0
Customer relationships | 12,165 |  |  | (12,165) |  |  | — |  |  | 12,223 |  |  | (12,183) |  |  | 40 |  |  | 3.0 - 9.0 |  | 0.0
Total intangible assets | $ | 53,144 |  |  | $ | (31,722) |  |  | $ | 21,422 |  |  | $ | 53,944 |  |  | $ | (28,360) |  |  | $ | 25,584 |  |  |  |  |
Amortization expense for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $3.7 million, $5.9 million and $6.0 million, respectively. The Euro denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of Other Comprehensive Income. For the years ended December 31, 2024, 2023 and 2022 the foreign currency translation adjustment was $2.2 million, $1.3 million and $1.7 million, respectively. Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:
(in thousands) | Estimated Amortization Expense
2025 | $ | 3,605 |
2026 | 3,505 |
2027 | 3,496 |
2028 | 2,128 |
2029 | 2,128 |
Thereafter | 6,560 |
Total estimated amortization expense | $ | 21,422 |

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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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