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GOODWILL AND LONG-LIVED ASSETS
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND LONG-LIVED ASSETS GOODWILL AND LONG-LIVED ASSETS
Goodwill
As of June 30, 2024 and December 31, 2023, the balance of our goodwill was $178.7 million. There was no goodwill activity during the six months ended June 30, 2024. All goodwill is within our North America segment.

Long-Lived Assets
In March 2024, we entered into an agreement with a third party to sell the rights to certain intangible assets in exchange for cash consideration of $10.0 million, subject to license-back provisions that permit continued use of the assets in the ordinary course of our business. The sale was completed in April 2024 and resulted in a pre-tax gain of $5.0 million. The pre-tax gain is presented within Gain on sale of assets on the Condensed Consolidated Statements of Operations for the three and six months ended June 30, 2024. The cash activity is presented within Proceeds from sale of assets, net in the investing section on the Condensed Consolidated Statements of Cash Flows and includes cash consideration received of $10.0 million, less $1.0 million in fees. The assets were within our North America segment.

The following table summarizes intangible assets as of June 30, 2024 and December 31, 2023 (in thousands):
June 30, 2024December 31, 2023
Gross Carrying ValueAccumulated AmortizationNet Carrying ValueGross Carrying ValueAccumulated AmortizationNet Carrying Value
Merchant relationships$18,714 $18,714 $— $18,842 $17,944 $898 
Trade names9,442 8,892 550 9,459 8,753 706 
Patents (1)
1,250 882 368 13,235 7,237 5,998 
Other intangible assets10,580 5,955 4,625 9,318 5,516 3,802 
Total$39,986 $34,443 $5,543 $50,854 $39,450 $11,404 
(1) The change in the net carrying value is primarily due to the sale of certain intangible assets.
Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 10 years. Amortization expense related to intangible assets was $0.6 million and $2.1 million for the three months ended June 30, 2024 and 2023 and $2.2 million and $4.2 million for the six months ended June 30, 2024 and 2023. As of June 30, 2024, estimated future amortization expense related to intangible assets is as follows (in thousands):

Remaining amounts in 2024$802 
20251,506 
20261,229 
20271,068 
2028853 
Thereafter85 
Total$5,543