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GOODWILL AND INTANGIBLE ASSETS | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND INTANGIBLE ASSETS | GOODWILL AND INTANGIBLE ASSETS The balance of goodwill, net and intangible assets, net is as follows (in thousands):
| March 31, 2024 |  | December 31, 2023
Goodwill | $ | 903,227 |  |  | $ | 903,227 |
Accumulated impairment losses | (521,688) |  |  | (521,688) |
Net goodwill | $ | 381,539 |  |  | $ | 381,539 |
Intangible assets with indefinite lives | $ | 10,142 |  |  | $ | 10,142 |
Intangible assets with definite lives, net | 38,990 |  |  | 40,478 |
Total intangible assets, net | $ | 49,132 |  |  | $ | 50,620 |
Goodwill and Indefinite-Lived Intangible Assets The Company's goodwill at each of March 31, 2024 and December 31, 2023 consisted of $59.3 million associated with the Home segment, $166.1 million associated with the Consumer segment, and $156.1 million associated with the Insurance segment. During the third quarter of 2023, the Company concluded that a triggering event had occurred related to its goodwill and an interim quantitative impairment test was performed as of September 30, 2023. During the third quarter of 2023, the Company's market capitalization fell below its book value. Additionally, the Home reporting unit continued to struggle due to the effects of the significant increases in mortgage rates, low for-sale home inventories and the rise in home prices. The Insurance reporting unit continued to see pressure due to the consumer price inflation negatively impacting carrier underwriting. Upon completing a quantitative goodwill impairment test, the Company concluded that the carrying value of the Insurance reporting unit exceeded its fair value which resulted in a goodwill impairment charge of $38.6 million in the third quarter of 2023. The fair value of the Home and Consumer reporting units exceeded their carrying amounts, indicating no goodwill impairment. The Company will monitor the recovery of the Insurance reporting unit and the Home reporting unit and any changes in the timing of the recovery could cause an impairment to the Insurance or Home reporting unit. Intangible assets with indefinite lives relate to the Company's trademarks. Intangible Assets with Definite Lives Intangible assets with definite lives relate to the following (in thousands):
| Cost |  | Accumulated Amortization |  | Net
Customer lists | 76,100 |  |  | (37,110) |  |  | 38,990 |
Balance at March 31, 2024 | $ | 76,100 |  |  | $ | (37,110) |  |  | $ | 38,990 |
| Cost |  | Accumulated Amortization |  | Net
Customer lists | $ | 76,100 |  |  | $ | (35,644) |  |  | $ | 40,456 |
Trademarks and tradenames | 1,300 |  |  | (1,278) |  |  | 22 |
Balance at December 31, 2023 | $ | 77,400 |  |  | $ | (36,922) |  |  | $ | 40,478 |
Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on balances as of March 31, 2024, future amortization is estimated to be as follows (in thousands):
| Amortization Expense
Remainder of current year | $ | 4,401 |
Year ending December 31, 2025 | 5,830 |
Year ending December 31, 2026 | 5,504 |
Year ending December 31, 2027 | 5,198 |
Year ending December 31, 2028 | 4,685 |
Thereafter | 13,372 |
Total intangible assets with definite lives, net | $ | 38,990 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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