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Goodwill
 12 Months Ended
Dec. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The changes in carrying value of goodwill are as follows:
As of December 31,
20252024
Carrying value at beginning of year$42,575 $42,575 
Carrying value at end of year$42,575 $42,575 
The Company performs an annual goodwill impairment test, or more frequently if events or changes in circumstances indicate that the carrying value of goodwill may not be recoverable. Resulting from a change in reportable segments in 2024 (see Note 25, Segment Reporting) the Company reassessed its goodwill reporting unit level and determined its goodwill reporting units had changed and goodwill was assigned to the new goodwill reporting units based on the relative fair value of each reporting unit. There were no changes to the reporting units in 2025.
The goodwill impairment test was conducted at the reporting unit level, which consists of four reporting units: Sports & Leisure, Finance, Lifestyle, and Platform & Other. Our reporting units are consistent with our operating segments in Note 25.
For the years ended December 31, 2025 and 2024, the Company bypassed the qualitative test known as Step Zero and proceeded directly to the quantitative impairment test. The fair value of each reporting unit was estimated using a combination of the income and market approaches. The income approach utilized a discounted cash flow analysis, incorporating management’s projections of revenue growth, operating margins, and discount rates that reflect the risk-adjusted cost of capital. The market approach considered valuation multiples derived from comparable publicly traded companies.
Based on the results of the quantitative impairment tests performed for the year ended December 31, 2025, the fair values of all four reporting units exceeded their respective carrying amounts of Sports & Leisure ($16,627), Finance ($10,925), Lifestyle ($11,030), and Platform & Other ($3,993). No goodwill impairment losses have been recognized to date on any of our reporting units.