Goodwill and Acquired Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Acquired Intangible Assets

Acquired intangible assets include the following:

As of December 31, (dollars in thousands)		2024						2023
	Useful Life (in years)(1)	Cost Basis		Accumulated Amortization		Net		Cost Basis		Accumulated Amortization		Net
Trade name and trademarks(2)(3)	4.0	$	6,040	$	(2,139)	$	3,901	$	6,040	$	(629)	$	5,411
Customer relationships(2)	4.6	8,920		(6,465)		2,455		8,920		(4,013)		4,907
Developed technology(2)	3.5	2,590		(1,661)		929		2,590		(908)		1,682
Partner relationships(4)	—	—		—		—		730		(122)		608
Sallie.com domain	4.0	150		(6)		144		—		—		—
Total acquired intangible assets		$	17,700	$	(10,271)	$	7,429	$	18,280	$	(5,672)	$	12,608

(1)     The weighted average useful life of acquired intangible assets related to the Nitro acquisition is 4.6 years and the weighted average useful life of the acquired intangible assets related to the Scholly acquisition is 4.0 years.

(2) Trade name and trademarks, customer relationships, and developed technology at December 31, 2024 include $4 million, $1 million, and $1 million, respectively, related to the Scholly acquisition.

(3) In 2023, we fully impaired the Nitro trade name and trademarks asset for $56 million.

(4) In 2024, we fully impaired the Scholly partner relationships asset for less than $1 million.