GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

As a result of the various acquisitions, Rithm Capital identified intangible assets in the form of licenses, customer relationships, business relationships, and trade names.

The following table summarizes the carrying value of goodwill by reportable segment:

	Origination		Servicing		MSR Related Investments		Mortgage Loans Receivable		Total
Balance at December 31, 2021	$	11,836	$	12,540	$	5,092	$	55,731	$	85,199
Goodwill acquired	—		—		—		—		—
Accumulated impairment loss	—		—		—		—		—
Other adjustments	—		—		—		—		—
Balance at June 30, 2022	$	11,836	$	12,540	$	5,092	$	55,731	$	85,199

The following table summarizes the acquired identifiable intangible assets:

	Estimated Useful Lives (Years)	June 30, 2022		December 31, 2021
Gross Intangible Assets
Customer relationships	3 to 9	$	57,950	$	57,949
Purchased technology	3 to 5	109,908		93,241
Trademarks / Trade names	1 to 5	10,259		10,259
		178,117		161,449
Accumulated Amortization
Customer relationships		10,547		6,574
Purchased technology		20,003		10,578
Trademarks / Trade names		1,867		1,164
		32,417		18,316
Intangible Assets, Net
Customer relationships		47,403		51,375
Purchased technology		89,905		82,663
Trademarks / Trade names		8,392		9,095
		$	145,700	$	143,133

The following table summarizes the expected future amortization expense for acquired intangible assets as of June 30, 2022:

Year Ending	Amortization Expense
July 1 through December 31, 2022	$	14,361
2023	26,031
2024	25,117
2025	20,139
2026	15,318
2027 and thereafter	14,008
	$	114,974