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Acquisitions, Goodwill and Other Intangible Assets | 9 Months Ended
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Sep. 30, 2025
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract] |
Acquisitions, Goodwill and Other Intangible Assets | Acquisitions, Goodwill and Other Intangible Assets Goodwill is recorded as part of the Company’s acquisitions and primarily arose from the acquired assembled workforce and brokerage and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one reporting unit. Goodwill and intangible assets, net consisted of the following (in thousands):
| September 30, 2025 |  | December 31, 2024
| Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value |  | Gross Carrying Amount |  | Accumulated Amortization |  | Net Book Value
Goodwill and intangible assets: |  |  |  |  |  |  |  |  |  |  |
Goodwill | $ | 37,775 |  |  | $ | — |  |  | $ | 37,775 |  |  | $ | 37,597 |  |  | $ | — |  |  | $ | 37,597 |
Intangible assets (1) | 19,301 |  |  | (15,050) |  |  | 4,251 |  |  | 19,123 |  |  | (13,199) |  |  | 5,924 |
| $ | 57,076 |  |  | $ | (15,050) |  |  | $ | 42,026 |  |  | $ | 56,720 |  |  | $ | (13,199) |  |  | $ | 43,521 |
(1)Total weighted remaining average amortization period was 3.1 years and 3.5 years as of September 30, 2025 and December 31, 2024, respectively. Intangible assets principally include non-compete agreements and customer relationships. The Company recorded amortization expense for intangible assets of $0.6 million and $1.7 million for the three and nine months ended September 30, 2025, respectively. The Company recorded amortization expense for intangible assets of $2.2 million and $4.2 million for the three and nine months ended September 30, 2024, respectively, including accelerated amortization of certain intangible assets resulting from changes in estimates. The changes in the carrying amount of goodwill consisted of the following (in thousands):
| Nine Months Ended September 30, 2025
Beginning balance | $ | 37,597 |
Additions from acquisitions | — |
Impact of foreign currency translation | 178 |
Ending balance | $ | 37,775 |
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
| September 30, 2025
Remainder of 2025 | $ | 440 |
2026 | 1,387 |
2027 | 1,214 |
2028 | 1,210 |
2029 | — |
Thereafter | — |
| $ | 4,251 |
The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing, which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable. As of September 30, 2025, the Company considered the impact of economic conditions and evaluated its goodwill and intangible assets for impairment testing. The Company estimated the recoverability of the intangible assets by comparing the carrying amount of each asset to the future undiscounted cash flows that the Company expects the asset to generate. The sum of the undiscounted expected future cash flows was greater than the carrying amount of the intangible assets. The Company concluded that as of September 30, 2025, there was no impairment of its intangible assets or goodwill.

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