GOODWILL, INTERNAL-USE SOFTWARE DEVELOPMENT COSTS, NET, AND INTANGIBLE ASSETS, NET

3 Months Ended

Mar. 31, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL, INTERNAL-USE SOFTWARE DEVELOPMENT COSTS, NET, AND INTANGIBLE ASSETS, NET

Goodwill

Goodwill by reportable segments was as follows:


	Partner Network		Subscription		Total
Goodwill at December 31, 2022 and March 31, 2023	$	82,407	$	433,184	$	515,591

During the three months ended March 31, 2023, the Company determined there were no triggering events. As such, no quantitative assessment for impairment was required, and accordingly, the Company did not record any goodwill impairment charges during the three months ended March 31, 2023.

Internal-use software development costs and intangible assets

Internal-use software development costs and intangible assets, net consisted of the following:


	March 31, 2023 (Successor)
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Total internal-use software development costs	$	9,246	$	(616)	$	8,630
Intangible assets, net:
Trademarks and trade names	$	287,853	$	(33,436)	$	254,417
Developed technology	196,149		(57,581)		138,568
Customer relationships	121,000		(53,556)		67,444
Software	5,100		(1,384)		3,716
Total intangible assets, net	$	610,102	$	(145,957)	$	464,145


	December 31, 2022 (Successor)
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Total internal-use software development costs	$	7,206	$	(258)	$	6,948
Intangibles:
Trademarks and trade names	$	287,857	$	(26,241)	$	261,616
Developed technology	196,128		(45,322)		150,806
Customer relationships	121,000		(44,770)		76,230
Software	5,100		(1,066)		4,034
Total intangible costs	$	610,085	$	(117,399)	$	492,686

The internal-use software development costs include capitalized costs not ready for its internal use of $4,176 and $4,955 as of March 31, 2023 (Successor) and December 31, 2022 (Successor), respectively.

Amortization expense associated with the Company’s intangible assets and internal-use software development costs was as follows:


	Successor				Predecessor
	Three Months Ended March 31, 2023		Period from January 27, 2022 through March 31, 2022		Period from January 1, 2022 through January 26, 2022
Amortization expense for internal-use software development	$	557	$	65	$	355
Amortization expense for intangible assets	$	28,558	$	21,744	$	629

No impairment of internal-use software development cost or intangible assets was identified for any of the periods presented.