GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 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 June 30, 2024	$	24,376	$	5,092	$	55,731	$	46,658	$	131,857

Schedule of Acquired Identifiable Intangible Assets

The following table presents the details of identifiable intangible assets acquired:

($ in millions)	Estimated Useful Life	Amount
Customer Relationships	4.5	$	16.0
Total identifiable intangible assets		$	16.0

The following table summarizes the acquired identifiable intangible assets:

	Estimated Useful Lives (Years)	June 30, 2024		December 31, 2023
Gross Intangible Assets
Management contracts	10	$	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 relationships		20,022		17,834
Purchased technology		91,685		67,145
Trademarks / Trade names		5,433		4,843
		$	134,230	$	93,210
Intangible Assets, Net
Management contracts		$	257,910	$	271,612
Customer relationships		53,927		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 Expected Future Amortization Expense for Acquired Intangible Assets

The following table summarizes the expected future amortization expense for acquired intangible assets as of June 30, 2024:

Year Ending	Amortization Expense
July 1 through December 31, 2024	$	36,216
2025	49,622
2026	40,778
2027	35,834
2028	35,289
2029 and thereafter	143,962
	$	341,701