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BUSINESS ACQUISITIONS (Tables)
 6 Months Ended
Jun. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]  
Schedule of Allocation of Total Consideration Paid to Assets Acquired and Liabilities Assumed
The following table summarizes the allocation of the total consideration paid to acquire the assets and assume the liabilities related to Computershare Acquisition during the quarter:

($ in millions)Computershare
Total Consideration$708.0 
Assets
Residential mortgage loans, held-for-sale2.4
Servicer advances receivable275.8
Mortgage servicing rights, at fair value696.5
Cash and cash equivalents102.0
Restricted cash2.2
Other assets84.0
Total Assets Acquired$1,162.9 
Liabilities
Accrued expenses and other liabilities236.1 
Secured notes and bonds payable190.6 
Total Liabilities Assumed$426.7 
Noncontrolling interest$— 
Net Assets$736.2 
Bargain Purchase Gain$28.2 
Schedule of Intangible Assets Acquired
The following table presents the details of identifiable intangible assets acquired:

($ in millions)Estimated Useful LifeAmount
Customer Relationships4.5$16.0 
Total identifiable intangible assets$16.0 
The following table summarizes the acquired identifiable intangible assets:
Estimated Useful Lives (Years)June 30, 2024December 31, 2023
Gross Intangible Assets
Management contracts10$275,000 $275,000 
Customer relationships
2 to 9
73,949 57,949 
Purchased technology
3 to 7
139,964 137,922 
Trademarks / Trade names
1 to 5
10,259 10,259 
$499,172 $481,130 
Accumulated Amortization(A)
Management contracts$17,090 $3,388 
Customer relationships20,022 17,834
Purchased technology91,685 67,145
Trademarks / Trade names5,433 4,843
$134,230 $93,210 
Intangible Assets, Net
Management contracts$257,910 $271,612 
Customer relationships53,927 40,115 
Purchased technology(B)
48,279 70,777 
Trademarks / Trade names(C)
4,826 5,416 
$364,942 $387,920 
(A)Amortization expense is presented within general and administrative expense on Rithm Capital’s Consolidated Statements 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 Pro Forma Financial Information
The following table presents unaudited pro forma combined revenues and income before income taxes for the three and six months ended June 30, 2024 and 2023 prepared as if the Computershare Acquisition had been consummated on January 1, 2023:

Three Months Ended
June 30,		Six Months Ended
June 30,
Pro Forma (in millions)2024202320242023
Revenues$1,246.2 $1,216.7 $2,623.9 $2,089.2 
Income (loss) before income taxes294.7458.7695.7501.5