Goodwill and Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Goodwill by Reportable Segment

The table below sets forth the activity in goodwill, which related entirely to the Originations segment (in thousands):



	Successor			Predecessor
	For the Period From February 10, 2018 Through December 31, 2018			For the Period From January 1, 2018 Through February 9, 2018			For the Year Ended December 31, 2017
Balance at beginning of the period⁽¹⁾	$	8,960		$	47,747		$	47,747
Fresh start accounting adjustment⁽²⁾	—			(38,787		)	—
Impairment	(8,960		)	—			—
Balance at end of the period⁽³⁾	$	—		$	8,960		$	47,747

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(1)	There were accumulated impairment losses of $470.6 million and $138.8 million relating to the Servicing and Reverse Mortgage segments, respectively, at December 31, 2017. These accumulated impairment losses were reset in connection with the adoption of fresh start accounting.


(2)	In connection with the adoption of fresh start accounting, the Company revalued goodwill to its estimated fair value at February 9, 2018. This resulted in a reduction to goodwill totaling $38.8 million at February 9, 2018 as further discussed in Note 2.


(3)	There were accumulated impairment losses of $9.0 million relating to the Originations segment at December 31, 2018.

Schedule of Intangible Assets

Intangible assets, net consist of the following (in thousands):



	Successor										Predecessor
	December 31, 2018										December 31, 2017
	Gross Carrying Amount⁽¹⁾		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Accumulated Impairment			Net Carrying Amount
Institutional and customer relationships	$	24,000	$	(13,640	)	$	—		$	10,360	$	41,041	$	(30,793	)	$	(6,340	)	$	3,908
Trademarks and trade names	20,000		—			(14,700		)	5,300		10,000		(4,780		)	(395		)	4,825
Other	650		(541		)	—			109		—		—			—			—
Total intangible assets	$	44,650	$	(14,181	)	$	(14,700	)	$	15,769	$	51,041	$	(35,573	)	$	(6,735	)	$	8,733

__________

(1)

In connection with the adoption of fresh start accounting, the Company revalued its intangible assets to their estimated fair value at February 9, 2018. This resulted in an increase to intangible assets totaling $35.5 million, which included $20.2 million for institutional and customer relationships and $15.2 million for trade names. Refer to Note 2 for additional information regarding fresh start accounting adjustments.

Schedule of Amortization Expense of Intangible Assets for Each of the Next Five Years and Thereafter

Based on the balance of the definite-lived intangible assets, net at December 31, 2018, the following is an estimate of amortization expense for each of the next five years and thereafter (in thousands):



	Amortization Expense
2019	$	8,076
2020	3,121
2021	850
2022	542
2023	530
Thereafter	2,650
Total	$	15,769