v3.25.2
Goodwill and Internal Use Software and Other Intangible Assets, Net
 6 Months Ended
Jun. 30, 2025
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Internal Use Software and Other Intangible Assets, Net
6. Goodwill and Internal Use Software and Other Intangible Assets, Net
Changes in the carrying amount of goodwill, net consisted of the following:
Six Months Ended June 30,
(Amounts in thousands)20252024
Balance at beginning of period$23,615 $32,390 
Goodwill impairment(488)— 
Effect of foreign currency exchange rate changes1,638 (145)
Balance at end of period$24,765 $32,245 
During the second quarter of 2025, the Company recorded goodwill impairment charges of $0.5 million which is included within other expense/(income) in the condensed consolidated statements of operations and comprehensive loss. The goodwill impairment is related to entities in the U.K. for which management has classified as held for sale, see Note 8. No impairment of goodwill was recognized for the three and six months ended June 30, 2024.
Internal use software and other intangible assets, net consisted of the following:
As of June 30, 2025
(Amounts in thousands, except useful lives)Weighted Average Useful Lives (in years)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets with finite lives
Internal use software and website development3.4$154,846 $(136,243)$18,603 
Intellectual property and other5.52,644 (1,828)816 
Total Intangible assets with finite lives, net157,490 (138,071)19,419 
Intangible assets with indefinite lives
Domain name1,820 — 1,820 
Licenses and other34 — 34 
Total Internal use software and other intangible assets, net$159,344 $(138,071)$21,273 
As of December 31, 2024
(Amounts in thousands, except useful lives)Weighted Average Useful Lives (in years)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Intangible assets with finite lives
Internal use software and website development3.0$147,994 $(129,487)$18,507 
Intellectual property and other6.0869 (291)578 
Total Intangible assets with finite lives, net148,863 (129,778)19,085 
Intangible assets with indefinite lives
Domain name1,820 — 1,820 
Licenses and other31 — 31 
Total Internal use software and other intangible assets, net$150,714 $(129,778)$20,936 
The Company capitalized $2.9 million and $2.2 million in internal use software and website development costs during the three months ended June 30, 2025 and 2024, respectively. Included in capitalized internal use software and website development costs are $0.4 million and $0.5 million of stock-based compensation costs for the three months ended June 30, 2025 and 2024, respectively. Amortization expense totaled $3.2 million and $7.1 million during the three months ended June 30, 2025 and 2024, respectively. For the three months ended June 30, 2025 and 2024, no impairment was recognized relating to intangible assets.
The Company capitalized $5.6 million and $3.0 million in internal use software and website development costs during the six months ended June 30, 2025 and 2024, respectively. Included in capitalized internal use software and website
development costs are $0.8 million and $0.9 million of stock-based compensation costs for the six months ended June 30, 2025 and 2024, respectively. Amortization expense totaled $6.8 million and $15.1 million during the six months ended June 30, 2025 and 2024, respectively. For the six months ended June 30, 2025 and 2024, no impairment was recognized relating to intangible assets.