v3.25.2
Goodwill and intangible assets
6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and intangible assets Goodwill and intangible assets
Goodwill and intangible assets consisted of:
As of
June 30, 2025December 31, 2024
(in thousands)Useful
life
(months)
Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Customer relationships
84 - 120
$25,040 $(20,816)$4,224 $43,500 $(29,503)$13,997 
Non-compete agreements60303 (303)— 303 (303)— 
Trademarks, trade names, and domain names
60 - 120
1,624 (1,235)389 9,284 (3,296)5,988 
Intangible assets$26,967 $(22,354)$4,613 $53,087 $(33,102)$19,985 
GoodwillIndefinite$47,739 $— $47,739 $47,739 $— $47,739 
Amortization expense related to intangible assets was $0.5 million and $1.6 million for the three months ended June 30, 2025 and 2024, respectively, and $2.0 million and $3.2 million for the six months ended June 30, 2025 and 2024, respectively. During the six months ended June 30, 2025, the Company recognized a charge of $13.4 million related to the write-off of customer relationships and trademarks, trade names, and domain names acquired as part of the acquisition of Customer Helper Team, LLC as the Company did not intend to use or expect any future economic benefits from these intangible assets. The Company has no accumulated impairment of goodwill.
The following table presents the changes in goodwill and intangible assets:
As of
June 30, 2025December 31, 2024
(in thousands)GoodwillIntangible
assets
GoodwillIntangible
assets
Beginning balance at January 1,$47,739 $19,985 $47,739 $26,015 
Additions to goodwill and intangible assets— — — 400 
Amortization— (1,956)— (6,430)
Write-off of intangible assets— (13,416)— — 
Ending balance$47,739 $4,613 $47,739 $19,985 
As of June 30, 2025, future amortization expense relating to identifiable intangible assets with estimable useful lives over the next five years was as follows:
(in thousands)Amortization expense
2025–Remaining Period$1,022 
20261,911 
20271,364 
202837 
202940 
Thereafter239 
$4,613