GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2023

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETSAs a result of 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, 2022	$	11,836	$	12,540	$	5,092	$	55,731	$	85,199
Goodwill acquired	—		—		—		—		—
Accumulated impairment loss	—		—		—		—		—
Balance at June 30, 2023	$	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, 2023		December 31, 2022
Gross Intangible Assets
Customer relationships	3 to 9	$	57,949	$	57,949
Purchased technology	3 to 7	137,922		120,787
Trademarks / Trade names	1 to 5	10,259		10,259
		206,130		188,995
Accumulated Amortization
Customer relationships		16,063		12,960
Purchased technology		54,765		30,959
Trademarks / Trade names		4,253		3,663
		75,081		47,582
Intangible Assets, Net
Customer relationships		41,886		44,989
Purchased technology(A)		83,157		89,828
Trademarks / Trade names(B)		6,006		6,596
		$	131,049	$	141,413

(A)Includes indefinite-lived intangible assets of $21.4 million and $21.4 million, respectively.

(B)Includes indefinite-lived intangible assets of $1.9 million and $1.9 million, respectively.

The following table summarizes the expected future amortization expense for acquired intangible assets as of June 30, 2023:

Year Ending	Amortization Expense
July 1 through December 31, 2023	$	14,398
2024	27,456
2025	25,776
2026	17,694
2027 and thereafter	22,484
	$	107,808