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GOODWILL AND INTANGIBLE ASSETS
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
The balance of goodwill, net and intangible assets, net is as follows (in thousands):
 June 30,
2023
December 31,
2022
Goodwill$903,227 $903,227 
Accumulated impairment losses(483,088)(483,088)
Net goodwill$420,139 $420,139 
Intangible assets with indefinite lives$10,142 $10,142 
Intangible assets with definite lives, net44,142 48,173 
Total intangible assets, net$54,284 $58,315 
Goodwill and Indefinite-Lived Intangible Assets
The Company's goodwill at each of June 30, 2023 and December 31, 2022 consists of $59.3 million associated with the Home segment, $166.1 million associated with the Consumer segment, and $194.7 million associated with the Insurance segment.
At June 30, 2022, the Company assessed the qualitative factors in its impairment testing of goodwill and determined that the effects of the challenging interest rate environment, consumer price inflation, and the decline in the Company's market capitalization required a quantitative impairment test be performed. The quantitative goodwill impairment test found that the fair value of each reporting unit exceeded its carrying amount, indicating no goodwill impairment. The Company will monitor the recovery of the Insurance reporting unit and the Mortgage reporting unit. The property and casualty auto industry is experiencing challenges caused by inflation, supply chain challenges, and rising severity and frequency of claims. Additionally, the significant increase in mortgage interest rates have had a negative impact on the Mortgage reporting unit. Changes in the timing of the recovery compared to current expectations could cause an impairment to the Insurance or Mortgage reporting unit.
Intangible assets with indefinite lives relate to the Company's trademarks.
Intangible Assets with Definite Lives
Intangible assets with definite lives relate to the following (in thousands):
 CostAccumulated
Amortization
Net
Customer lists77,300 (33,830)43,470 
Trademarks and tradenames9,100 (8,428)672 
Balance at June 30, 2023$86,400 $(42,258)$44,142 
 CostAccumulated
Amortization
Net
Customer lists$77,300 $(30,775)$46,525 
Trademarks and tradenames10,100 (8,452)1,648 
Balance at December 31, 2022$87,400 $(39,227)$48,173 
Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on balances as of June 30, 2023, future amortization is estimated to be as follows (in thousands):
 Amortization Expense
Remainder of current year$3,664 
Year ending December 31, 20245,889 
Year ending December 31, 20255,830 
Year ending December 31, 20265,504 
Year ending December 31, 20275,198 
Thereafter18,057 
Total intangible assets with definite lives, net$44,142 
See Note 7—Assets and Liabilities Held for Sale for intangible assets with definite lives classified as held for sale.