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GOODWILL AND LONG-LIVED ASSETS

9 Months Ended

Sep. 30, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND LONG-LIVED ASSETS

GOODWILL AND LONG-LIVED ASSETS

Goodwill

As of September 30, 2025 and December 31, 2024, the balance of our goodwill was $178.7 million. There was no goodwill activity during the nine months ended September 30, 2025 and 2024. All goodwill is within our North America segment, which had a negative carrying value as of September 30, 2025.

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 nine months ended September 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 September 30, 2025 and December 31, 2024 (in thousands):

			September 30, 2025																		December 31, 2024
			Gross Carrying Value						Accumulated Amortization						Net Carrying Value						Gross Carrying Value						Accumulated Amortization						Net Carrying Value
Merchant relationships			$	17,074					$	17,074					$	—					$	18,576					$	18,576					$	—
Trade names			9,191						9,034						157						9,425						9,027						398
Patents			1,250						1,130						120						1,250						1,008						242
Other intangible assets			10,519						7,211						3,308						10,483						6,385						4,098
Total			$	38,034					$	34,449					$	3,585					$	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 $0.3 million and $0.4 million for the three months ended September 30, 2025 and 2024 and $1.1 million and $2.6 million for the nine months ended September 30, 2025 and 2024. As of September 30, 2025, estimated future amortization expense related to intangible assets is as follows (in thousands):

Remaining amounts in 2025			$	361
2026			1,218
2027			1,068
2028			853
2029			84
Thereafter			—
Total			$	3,585

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- References

No definition available.

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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

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