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GOODWILL AND LONG-LIVED ASSETS | 6 Months Ended
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Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND LONG-LIVED ASSETS | GOODWILL AND LONG-LIVED ASSETS Goodwill As of June 30, 2025 and December 31, 2024, the balance of our goodwill was $178.7 million. There was no goodwill activity during the six months ended June 30, 2025 and 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 within our North America segment 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. 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, 2025 and December 31, 2024 (in thousands):
| June 30, 2025 |  | December 31, 2024
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Merchant relationships | $ | 17,392 |  |  | $ | 17,392 |  |  | $ | — |  |  | $ | 18,576 |  |  | $ | 18,576 |  |  | $ | — |
Trade names | 9,231 |  |  | 9,003 |  |  | 228 |  |  | 9,425 |  |  | 9,027 |  |  | 398 |
Patents | 1,250 |  |  | 1,100 |  |  | 150 |  |  | 1,250 |  |  | 1,008 |  |  | 242 |
Other intangible assets | 10,530 |  |  | 6,958 |  |  | 3,572 |  |  | 10,483 |  |  | 6,385 |  |  | 4,098 |
Total | $ | 38,403 |  |  | $ | 34,453 |  |  | $ | 3,950 |  |  | $ | 39,734 |  |  | $ | 34,996 |  |  | $ | 4,738 |
Amortization of intangible assets is computed using the straight-line method over the estimated useful life of the asset, which ranges from 1 to 10 years. Amortization expense related to intangible assets was $0.4 million and $0.6 million for the three months ended June 30, 2025 and 2024 and $0.8 million and $2.2 million for the six months ended June 30, 2025 and 2024. As of June 30, 2025, estimated future amortization expense related to intangible assets is as follows (in thousands):
Remaining amounts in 2025 | $ | 724 |
2026 | 1,220 |
2027 | 1,069 |
2028 | 853 |
2029 | 84 |
Thereafter | — |
Total | $ | 3,950 |

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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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