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Franchise Rights Acquired, Goodwill and Other Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Change in Carrying Amount of Goodwill For the nine months ended September 30, 2023, the change in the carrying amount of goodwill was due to the acquisition of Sequence and the effect of exchange rate changes as follows:

 

 

 

North America

 

 

International

 

 

Total

 

Balance as of January 1, 2022

 

$

147,530

 

 

$

9,844

 

 

$

157,374

 

Goodwill acquired during the period

 

 

—

 

 

 

5,936

 

 

 

5,936

 

Goodwill impairment

 

 

(1,101

)

 

 

(2,023

)

 

 

(3,124

)

Effect of exchange rate changes

 

 

(2,862

)

 

 

(1,326

)

 

 

(4,188

)

Balance as of December 31, 2022

 

$

143,567

 

 

$

12,431

 

 

$

155,998

 

Goodwill acquired during the period

 

 

89,190

 

 

 

—

 

 

 

89,190

 

Effect of exchange rate changes

 

 

(6

)

 

 

(255

)

 

 

(261

)

Balance as of September 30, 2023

 

$

232,751

 

 

$

12,176

 

 

$

244,927

 
Schedule of Assumptions Utilized in Annual Goodwill Impairment Analysis

The following are the more significant assumptions utilized in the Company's annual goodwill impairment analyses for fiscal 2023 and fiscal 2022:

 

 

Fiscal 2023

 

Fiscal 2022

Debt-Free Cumulative Annual Cash Flow Growth Rate

 

3.9% to 24.9%

 

1.2% to 20.6%

Discount Rate

 

10.8%

 

9.6%
Schedule of Carrying Values of Finite-lived Intangible Assets

The carrying values of finite-lived intangible assets as of September 30, 2023 and December 31, 2022 were as follows:

 

 

 

September 30, 2023

 

 

December 31, 2022

 

 

 

Gross

 

 

 

 

 

Gross

 

 

 

 

 

 

Carrying

 

 

Accumulated

 

 

Carrying

 

 

Accumulated

 

 

 

Amount

 

 

Amortization

 

 

Amount

 

 

Amortization

 

Capitalized software costs

 

$

109,250

 

 

$

101,753

 

 

$

107,229

 

 

$

94,375

 

Website development costs

 

 

164,975

 

 

 

113,570

 

 

 

133,818

 

 

 

91,482

 

Trademarks

 

 

12,177

 

 

 

12,003

 

 

 

12,162

 

 

 

11,882

 

Other

 

 

13,949

 

 

 

6,493

 

 

 

13,961

 

 

 

6,125

 

Trademarks and other intangible assets

 

$

300,351

 

 

$

233,819

 

 

$

267,170

 

 

$

203,864

 

Franchise rights acquired

 

 

8,209

 

 

 

5,373

 

 

 

8,164

 

 

 

5,101

 

Total finite-lived intangible assets

 

$

308,560

 

 

$

239,192

 

 

$

275,334

 

 

$

208,965

 
Schedule of Estimated Amortization Expense of Finite-lived Intangible Assets

Estimated amortization expense of existing finite-lived intangible assets for the next five fiscal years and thereafter is as follows:

 

Remainder of fiscal 2023

 

$

10,937

 

Fiscal 2024

 

$

27,292

 

Fiscal 2025

 

$

17,679

 

Fiscal 2026

 

$

5,500

 

Fiscal 2027

 

$

725

 

Fiscal 2028

 

$

533

 

Thereafter

 

$

6,702