v3.26.1
Goodwill and Internal Use Software and Other Intangible Assets, Net
 3 Months Ended
Mar. 31, 2026
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Internal Use Software and Other Intangible Assets, Net
7. Goodwill and Internal Use Software and Other Intangible Assets, Net
Changes in the carrying amount of goodwill, net consisted of the following:
Three Months Ended March 31,
(Amounts in thousands)20262025
Balance at beginning of period$10,995 $23,615 
Reclassification of discontinued operations goodwill to assets held for sale— (12,999)
Effect of foreign currency exchange rate changes— 379 
Balance at end of period$10,995 $10,995 
No impairment of goodwill was recognized for the three months ended March 31, 2026 and 2025. There was no cumulative impairment related to goodwill as of March 31, 2026 and 2025, as goodwill associated with the Birmingham Bank disposal group is included within assets of discontinued operations.
Internal use software and other intangible assets, net consisted of the following:
As of March 31, 2026
(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$159,855 $(143,797)$16,058 
Intellectual property and other5.01,697 (1,607)90 
Total Intangible assets with finite lives, net161,552 (145,404)16,148 
Intangible assets with indefinite lives
Domain name1,820 — 1,820 
Total Internal use software and other intangible assets, net$163,372 $(145,404)$17,968 
As of December 31, 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 development3.0$156,482 $(141,092)$15,390 
Intellectual property and other5.01,697 (1,558)139 
Total Intangible assets with finite lives, net158,179 (142,650)15,529 
Intangible assets with indefinite lives
Domain name1,820 — 1,820 
Total Internal use software and other intangible assets, net$159,999 $(142,650)$17,349 
The December 31, 2025 amounts presented above have been reclassified to conform to the current-period presentation. Goodwill and intangible assets associated with the Birmingham Bank disposal group are not included in the tables above and are instead presented within assets of discontinued operations. See Note 3 for further details.
The Company capitalized $3.4 million and $2.7 million in internal use software and website development costs during the three months ended March 31, 2026 and 2025, respectively. Internal use software and website development costs during the three months ended March 31, 2026 and 2025, had a weighted-average amortization period of 3.0 years. Included in capitalized internal use software and website development costs are $1.0 million and $0.4 million of stock-based compensation costs for the three months ended March 31, 2026 and 2025, respectively. Amortization expense totaled $2.8 million and $3.4 million during the three months ended March 31, 2026 and 2025, respectively. For the three months
ended March 31, 2026 and 2025, impairments of $0.3 million and none, respectively, were recognized relating to intangible assets.
Amortization expense related to intangible assets as of March 31, 2026 is expected to be as follows:
(Amounts in thousands)Total
2026 (remaining)$6,801 
20276,290 
20282,944 
2029113 
Total$16,148