v3.25.1
GOODWILL AND INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS, NET
NOTE 8—GOODWILL AND INTANGIBLE ASSETS, NET
The following table presents the Company's goodwill and intangible assets, net:
(in thousands)
March 31,
2025		December 31,
2024
Goodwill$198,724 $198,724 
Intangible assets, net25,041 27,270 
Goodwill and intangible assets, net$223,765 $225,994 
Goodwill
The changes in the carrying amount of goodwill allocated to the origination reporting unit are presented in the following table:
(in thousands)
Amount
Balance at December 31, 2023$186,181 
Acquisitions
12,543 
Balance at December 31, 2024198,724 
Balance at March 31, 2025$198,724 
Intangible Assets, Net
The following table presents the Company's intangible assets, net:
March 31, 2025December 31, 2024
(in thousands)
Gross IntangiblesAccumulated AmortizationNet IntangiblesGross IntangiblesAccumulated AmortizationNet Intangibles
Referral network$53,500 $(28,459)$25,041 $53,500 $(26,230)$27,270 
Amortization expense related to intangible assets was $2.2 million for each of the three months ended March 31, 2025 and 2024.