XML 34 R18.htm IDEA: XBRL DOCUMENT
v3.25.3

GOODWILL AND OTHER INTANGIBLE ASSETS | 3 Months Ended
--- | ---
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The carrying amount of goodwill at March 31, 2025 and December 31, 2024 was $392,687. Goodwill is comprised of $161,486 for the Capital Markets Segment, $37,334 for the Wealth Management Segment and $193,867 for the Communications Segment. Goodwill is net of accumulated impairment losses of $137,445, of which $79,781 and $57,664 were recorded in the Consumer Products and E-Commerce segments, respectively, prior to December 31, 2024. Intangible assets consisted of the following:
|  |  | As of March 31, 2025 |  | As of December 31, 2024
| Estimated Useful Life in Years |  | Gross Carrying Value |  | Accumulated Amortization |  | Intangibles Net |  | Gross Carrying Value |  | Accumulated Amortization |  | Intangibles Net
Amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | 1 to 16 |  | $ | 240,780 |  |  | $ | (131,877) |  |  | $ | 108,903 |  |  | $ | 240,780 |  |  | $ | (126,182) |  |  | $ | 114,598 |
Domain names | 7 |  | 170 |  |  | (170) |  |  | — |  |  | 170 |  |  | (170) |  |  | — |
Advertising relationships | 8 |  | 100 |  |  | (100) |  |  | — |  |  | 100 |  |  | (100) |  |  | — |
Internally developed software and other intangibles | 0.5 to 10 |  | 29,252 |  |  | (24,058) |  |  | 5,194 |  |  | 29,042 |  |  | (23,225) |  |  | 5,817 |
Trademarks | 3 to 10 |  | 19,950 |  |  | (10,518) |  |  | 9,432 |  |  | 19,950 |  |  | (10,019) |  |  | 9,931 |
Total |  |  | 290,252 |  |  | (166,723) |  |  | 123,529 |  |  | 290,042 |  |  | (159,696) |  |  | 130,346 |
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 16,100 |  |  | — |  |  | 16,100 |  |  | 16,100 |  |  | — |  |  | 16,100 |
Total intangible assets |  |  | $ | 306,352 |  |  | $ | (166,723) |  |  | $ | 139,629 |  |  | $ | 306,142 |  |  | $ | (159,696) |  |  | $ | 146,446 |
Intangible assets related to tradenames is net of accumulated impairment losses of $20,500, which were recorded prior to December 31, 2024 in the Consumer Products segment. Amortization expense was $7,642 and $8,924 during the three months ended March 31, 2025 and 2024, respectively. As of March 31, 2025, estimated future amortization expense was $19,839, $24,554, $23,272, $20,096, and $15,470 for the years ended December 31, 2025 (remaining nine months), 2026, 2027, 2028 and 2029, respectively. The estimated future amortization expense after December 31, 2029 was $20,298.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration