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Goodwill and Other Intangibles | 6 Months Ended
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Jun. 30, 2024
Goodwill and Other Intangibles [Abstract] |
Goodwill and Other Intangibles | 9. Goodwill and Other Intangibles Goodwill The following table presents, on a consolidated basis, including both continuing and discontinued operations, the carrying amount of the Company’s goodwill and related impairment by segment:
|  | Six Months Ended June 30, 2024 |  |  | Year Ended December 31, 2023 |  |  |  |
|  | Non-Standard Auto |  |  | Commercial |  |  | Total |  |  | Non-Standard Auto |  |  | Commercial |  |  | Total |
Goodwill, original recorded value |  | $ | 2,628 |  |  | $ | 6,756 |  |  | $ | 9,384 |  |  | $ | 2,628 |  |  | $ | 6,756 |  |  | $ | 9,384 |
Accumulated impairment losses at the beginning of the period |  |  | — |  |  |  | (6,756 | ) |  |  | (6,756 | ) |  |  | — |  |  |  | — |  |  |  | — |
Goodwill, beginning of period |  |  | 2,628 |  |  |  | — |  |  |  | 2,628 |  |  |  | 2,628 |  |  |  | 6,756 |  |  |  | 9,384 |
Impairment recognized during the period |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (6,756 | ) |  |  | (6,756 | )
Goodwill, end of period |  | $ | 2,628 |  |  | $ | — |  |  | $ | 2,628 |  |  | $ | 2,628 |  |  | $ | — |  |  | $ | 2,628 |
Based on the qualitative analyses performed for the goodwill related to our Non-Standard Auto segment, we concluded that goodwill was not impaired as of June 30, 2024, or December 31, 2023. During the fourth quarter of 2023, we performed a quantitative assessment of the goodwill related to the Westminster acquisition, which was allocated to our Commercial segment, and concluded that the goodwill was fully impaired as of December 31, 2023, resulting in a non-cash impairment charge of $6,756. See the Part II, Item 8, Note 10 “Goodwill and Other Intangibles” section of the 2023 Annual Report for additional information. Other Intangible Assets The following table presents on a consolidated basis, including both continuing and discontinued operations, the carrying amount of the Company’s other intangible assets:
June 30, 2024 |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 248 |  |  | $ | 248 |  |  | $ | — |
Distribution network |  |  | — |  |  |  | — |  |  |  | — |
Total subject to amortization |  |  | 248 |  |  |  | 248 |  |  |  | — |
Not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
State insurance licenses |  |  | 100 |  |  |  | — |  |  |  | 100 |
Total |  | $ | 348 |  |  | $ | 248 |  |  | $ | 100 |
December 31, 2023 |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Trade names |  | $ | 748 |  |  | $ | 448 |  |  | $ | 300 |
Distribution network |  |  | 6,700 |  |  |  | 1,489 |  |  |  | 5,211 |
Total subject to amortization |  |  | 7,448 |  |  |  | 1,937 |  |  |  | 5,511 |
Not subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
State insurance licenses |  |  | 1,900 |  |  |  | — |  |  |  | 1,900 |
Total |  | $ | 9,348 |  |  | $ | 1,937 |  |  | $ | 7,411 |
The following table presents the current and prior year continuing and discontinued carrying amounts of the Company’s other intangible assets:
June 30, 2024 |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 248 |  |  | $ | 248 |  |  | $ | — |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |
Total subject to amortization |  |  | 248 |  |  |  | 248 |  |  |  | — |
Not subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 100 |  |  |  | — |  |  |  | 100 |
Discontinued operations |  |  | — |  |  |  | — |  |  |  | — |
Total property and equipment, net |  |  | 348 |  |  |  | 248 |  |  |  | 100 |
December 31, 2023 |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net |
Subject to amortization: |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  | $ | 248 |  |  | $ | 248 |  |  | $ | — |
Discontinued operations |  |  | 7,200 |  |  |  | 1,689 |  |  |  | 5,511 |
Total subject to amortization |  |  | 7,448 |  |  |  | 1,937 |  |  |  | 5,511 |
Not subject to amortization |  |  |  |  |  |  |  |  |  |  |  |
Continuing operations |  |  | 100 |  |  |  | — |  |  |  | 100 |
Discontinued operations |  |  | 1,800 |  |  |  | — |  |  |  | 1,800 |
Total property and equipment, net |  |  | 9,348 |  |  |  | 1,937 |  |  |  | 7,411 |
We determined during our reviews that other indefinite-lived intangible assets and finite-lived intangible assets were not impaired as of June 30, 2024, or December 31, 2023. Amortization expense was $105 and $118 for the three months ended June 30, 2024 and 2023, respectively, and $211 and $236 for the six months ended June 30, 2024 and 2023, respectively. Amortization expense for continuing operations was $0 and $12 for the three months ended June 30, 2024 and 2023, respectively, and $0 and $25 for the six months ended June 30, 2024 and 2023, respectively.

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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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