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Goodwill and Other Intangible Assets
12 Months Ended
Dec. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets Goodwill and Other Intangible Assets
There were no changes in the carrying amount of goodwill for the years ended December 31, 2024 and 2023.
Goodwill decreased $126.6 million for the year ended December 31, 2022 as a result of impairments related to our Europe and Japan reporting units. The Euro denominated goodwill had been translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that was recorded as a component of Other Comprehensive Income.
Intangible assets other than goodwill for the years ended December 31, 2024 and 2023 were as follows:
Year Ended December 31, 2024Year Ended December 31, 2023Weighted Average
Useful Life
(in thousands)GrossAccumulated
Amortization
NetGrossAccumulated
Amortization
NetUseful Life (in
years)
Remaining (in years)
Marketing assets$930 $(930)$— $930 $(900)$30 10.00.0
Non-compete agreement819 (703)116 835 (603)232 
2.0 - 5.0
0.7
Software technology13,229 (9,123)4,106 13,229 (7,752)5,477 10.03.0
Software platform25,657 (8,457)17,200 26,373 (6,575)19,798 12.08.1
Tradenames344 (344)— 354 (347)3.00.0
Customer relationships12,165 (12,165)— 12,223 (12,183)40 
3.0 - 9.0
0.0
Total intangible assets$53,144 $(31,722)$21,422 $53,944 $(28,360)$25,584  
Amortization expense for intangible assets for the years ended December 31, 2024, 2023 and 2022 was $3.7 million, $5.9 million and $6.0 million, respectively. The Euro denominated intangible assets are translated at the end of each period using the current exchange rates resulting in a foreign currency translation adjustment that is recorded as a component of Other Comprehensive Income. For the years ended December 31, 2024, 2023 and 2022 the foreign currency translation adjustment was $2.2 million, $1.3 million and $1.7 million, respectively.
Estimated aggregated amortization expense based on the current carrying value of the amortizable intangible assets is as follows:
(in thousands)Estimated Amortization
Expense
2025$3,605 
20263,505 
20273,496 
20282,128 
20292,128 
Thereafter6,560 
Total estimated amortization expense$21,422