GOODWILL AND OTHER INTANGIBLE ASSETS

3 Months Ended

Mar. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

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.