Intangible Assets and Goodwill (Tables)

12 Months Ended

Dec. 31, 2023

Intangible Assets and Goodwill

Schedule of components of intangible assets

The following table provides the components of the Company’s intangible assets (in thousands, except weighted average amortization period in years):

	Weighted
	Average	As of December 31, 2023						As of December 31, 2022
	Amortization	Initial		Accumulated		Net		Initial		Accumulated		Net
	Period	Cost		Amortization		Balance		Cost		Amortization		Balance
Franchise agreements	12.1	$	225,716	$	(124,200)	$	101,516	$	224,397	$	(104,223)	$	120,174
Other intangible assets:
Software (a)	4.1	$	52,918	$	(39,192)	$	13,726	$	48,658	$	(32,198)	$	16,460
Trademarks	9.1		971		(649)		322		1,713		(1,272)		441
Non-compete agreements	4.3		13,051		(8,156)		4,895		12,953		(4,878)		8,075
Training materials	—		2,400		(2,400)		—		2,400		(2,080)		320
Other	7.0		870		(637)		233		870		(403)		467
Total other intangible assets	4.3	$	70,210	$	(51,034)	$	19,176	$	66,594	$	(40,831)	$	25,763

(a) As of December 31, 2023 and 2022, capitalized software development costs of $1.0 million and $4.6 million, respectively, were related to technology projects not yet complete and ready for their intended use and thus were not subject to amortization.

Schedule of estimated future amortization of intangible assets, other than goodwill

As of December 31, 2023, the estimated future amortization expense related to intangible assets includes the estimated amortization expense associated with the Company’s intangible assets assumed with the Company’s acquisitions (in thousands):

2024	$	26,406
2025		22,701
2026		15,848
2027		9,021
2028		8,333
Thereafter		38,383
	$	120,692

Schedule of changes to goodwill

The following table presents changes to goodwill by reportable segment for the period from January 1, 2022 to December 31, 2023(in thousands):

	Real Estate		Mortgage		Total
Balance, January 1, 2022	$	250,482	$	18,633	$	269,115
Purchase price adjustments		(332)		—		(332)
Impairment charge		(7,100)		—		(7,100)
Effect of changes in foreign currency exchange rates		(3,057)		—		(3,057)
Balance, January 1, 2023	$	239,993	$	18,633	$	258,626
Purchase price adjustments		—		—		—
Impairment charge		—		(18,633)		(18,633)
Effect of changes in foreign currency exchange rates		1,171		—		1,171
Balance, December 31, 2023	$	241,164	$	—	$	241,164