GOODWILL AND INTANGIBLE ASSETS (Tables)

3 Months Ended

Mar. 31, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Carrying Value of Goodwill by Reportable Segment

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

	Origination and Servicing		Investment Portfolio		Mortgage Loans Receivable		Asset Management		Total
Balance at December 31, 2023	$	24,376	$	5,092	$	55,731	$	46,658	$	131,857
Goodwill acquired	—		—		—		—		—
Accumulated impairment loss	—		—		—		—		—
Balance at March 31, 2024	$	24,376	$	5,092	$	55,731	$	46,658	$	131,857

Schedule of Acquired Identifiable Intangible Assets

The following table summarizes the acquired identifiable intangible assets:

	Estimated Useful Lives (Years)	March 31, 2024		December 31, 2023
Gross Intangible Assets
Management contracts	10	$	275,000	$	275,000
Customer relationships	3 to 9	57,949		57,949
Purchased technology	3 to 5	137,922		137,922
Trademarks / Trade names	1 to 5	10,259		10,259
		$	481,130	$	481,130
Accumulated Amortization(A)
Management contracts		$	10,240	$	3,388
Customer relationships		27,424		17,834
Purchased technology		69,361		67,145
Trademarks / Trade names		5,138		4,843
		$	112,163	$	93,210
Intangible Assets, Net
Management contracts		$	264,760	$	271,612
Customer relationships		30,525		40,115
Purchased technology(B)		68,561		70,777
Trademarks / Trade names(C)		5,121		5,416
		$	368,967	$	387,920

(A)Amortization expense is presented within general and administrative expense on Rithm’s statement of operations.

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

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

Schedule of Expected Future Amortization Expense for Acquired Intangible Assets

The following table summarizes the expected future amortization expense for acquired intangible assets as of March 31, 2024:

Year Ending	Amortization Expense
April 1 through December 31, 2024	$	57,294
2025	44,165
2026	37,657
2027	33,806
2028	32,305
2029 and thereafter	140,499
	$	345,726