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Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2025

Goodwill and Other Intangible Assets

7.Goodwill and Other Intangible Assets

The Company tests goodwill for impairment at least annually as of October, or more frequently, if certain events or circumstances warrant. During the years ended December 31, 2025, and 2024, no impairment of goodwill was recorded.

The following table summarizes the changes in goodwill (in thousands) in the Company’s reportable segments:


	United			United					Latin
	States			Kingdom		Canada			America	Total
Goodwill
December 31, 2023	$	31,633		$	18,120	$	7,417	$	—	$	57,170
Acquisitions		—			1,089		—		—		1,089
Impact of FX translation		—			—		(576)		—		(576)
December 31, 2024	$	31,633		$	19,209	$	6,841	$	—	$	57,683
Impact of FX translation		—			—		331		—		331
December 31, 2025	$	31,633		$	19,209	$	7,172	$	—	$	58,014

Intangible assets
December 31, 2023	$	2,653		$	—	$	3,866	$	—	$	6,519
Acquisitions		5,272			—		—		—		5,272
Less: Amortization		(677)			—		(607)				(1,284)
Impact of FX Translation		—			—		(270)		—		(270)
December 31, 2024	$	7,248		$	—	$	2,989	$	—	$	10,237
Less: Amortization		(3,234)			—		(595)		—		(3,829)
Impact of FX Translation		—			—		133		—		133
December 31, 2025	$	4,014		$	—	$	2,527	$	—	$	6,541

The estimated amortization expense for the next five years is as follows:


		Amount
2026		$	2,248
2027			1,466
2028			889
2029			889
2030			387
Thereafter			660
Total future minimum amortization expense		$	6,541

The amortization expense for intangible assets subject to amortization was $3.8 million, $1.3 million and $0.2 million during the years ended December 31, 2025, 2024 and 2023, respectively.