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GOODWILL AND OTHER INTANGIBLE ASSETS | 6 Months Ended
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Jun. 30, 2026
Intangible Asset, Goodwill and Other [Abstract] |
GOODWILL AND OTHER INTANGIBLE ASSETS | GOODWILL AND OTHER INTANGIBLE ASSETS The carrying amount of goodwill at June 30, 2026 and December 31, 2025 was $392,687. Goodwill is comprised of $158,834 for the Capital Markets Segment, $37,334 for the Wealth Management Segment, $71,551 for the Lingo Segment, $106,461 for the magicJack Segment, $128 for the Marconi Wireless Segment, $15,727 for the UOL Segment, and $2,652 for the Corporate and All Other category. Goodwill is net of accumulated impairment losses of $137,445, of which $79,781 and $57,664 were recorded in the Consumer Products and Corporate and All Other category, respectively. Intangible assets consisted of the following:
|  |  | As of June 30, 2026 |  | As of December 31, 2025
| 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 |  |  | $ | (158,627) |  |  | $ | 82,153 |  |  | $ | 240,780 |  |  | $ | (148,015) |  |  | $ | 92,765 |
Domain names | 7 |  | 170 |  |  | (170) |  |  | — |  |  | 170 |  |  | (170) |  |  | — |
Franchise rights and advertising relationships | 8 to 10 |  | 755 |  |  | (280) |  |  | 475 |  |  | 755 |  |  | (247) |  |  | 508 |
Internally developed software and other intangibles | 0.5 to 10 |  | 28,597 |  |  | (26,895) |  |  | 1,702 |  |  | 28,597 |  |  | (26,116) |  |  | 2,481 |
Trademarks | 3 to 10 |  | 19,950 |  |  | (13,013) |  |  | 6,937 |  |  | 19,950 |  |  | (12,014) |  |  | 7,936 |
Total |  |  | 290,252 |  |  | (198,985) |  |  | 91,267 |  |  | 290,252 |  |  | (186,562) |  |  | 103,690 |
Non-amortizable assets: |  |  |  |  |  |  |  |  |  |  |  |  |
Tradenames |  |  | 10,600 |  |  | — |  |  | 10,600 |  |  | 14,600 |  |  | — |  |  | 14,600 |
Total intangible assets |  |  | $ | 300,852 |  |  | $ | (198,985) |  |  | $ | 101,867 |  |  | $ | 304,852 |  |  | $ | (186,562) |  |  | $ | 118,290 |
Intangible assets related to tradenames is net of accumulated impairment losses of $26,000, which were recorded in the Consumer Products segment. Amortization expense was $6,172 and $6,811 during the three months ended June 30, 2026 and 2025, respectively and $12,424 and $14,453 during the six months ended June 30, 2026 and 2025, respectively. As of June 30, 2026, estimated future amortization expense was $12,134, $23,272, $20,096, $15,470, and $11,167 for the years ended December 31, 2026 (remaining six months), 2027, 2028, 2029 and 2030, respectively. The estimated future amortization expense after December 31, 2030 was $9,128. The Company performs impairment tests for goodwill and intangible assets with an indefinite life as of December 31 of each year and between annual impairment tests if an event occurs or circumstances change that would more likely than not reduce the fair values of the Company’s reporting units or intangible assets below their carrying values. As a result of the current financial performance of the Company’s Targus subsidiary which comprises the reporting unit of all operations within the Consumer Products segment as well as current market conditions in the personal computer market for computers and accessories, the Company updated its long-term forecasts for the reporting unit. The Company performed an interim quantitative assessment of intangible assets with an indefinite life as of June 30, 2026. Prior to the impairment charge, the carrying value of the Targus tradename was $13,000. Based on the results of the analysis, the Company recorded a non-cash impairment charge related to the Targus tradename of $4,000, which was recorded in impairment of tradename in the accompanying condensed consolidated statements of operations during the three and six months ended June 30, 2026. The Targus tradename was measured at fair value on a nonrecurring basis as of June 30, 2026 using the relief-from-royalty method. The estimated fair value of the Targus tradename was $9,000 as of June 30, 2026, which is a reduction from the carrying value of $13,000 at December 31, 2025, resulting in the $4,000 impairment charge discussed above. The fair value measurement is classified as Level 3 within the fair value hierarchy as the significant inputs are unobservable and reflect management’s estimates and assumptions. In order to estimate the fair value of the Targus tradename, the key inputs used in the valuation included projected revenues, a royalty rate of 1.0%, a long-term growth rate of 3.0%, and a discount rate of 22.0%.

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- Definition The entire disclosure for intangible asset and goodwill. Includes, but is not limited to, finite- and indefinite-lived intangible assets, capitalized cost for internal-use software and software to be sold, leased, or marketed. + 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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