v3.26.1
Acquisitions, Goodwill and Other Intangible Assets
 6 Months Ended
Jun. 30, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
Acquisitions, Goodwill and Other Intangible Assets Acquisitions, Goodwill and Other Intangible Assets
Goodwill is recorded as part of the Company’s acquisitions and primarily arose from the acquired assembled workforce and brokerage and financing sales platforms. The Company expects all of the goodwill to be tax deductible, with the tax-deductible amount of goodwill related to the contingent and deferred consideration to be determined once the cash payments are made to settle any contingent and deferred consideration. The goodwill resulting from acquisitions is allocated to the Company’s one reporting unit.
Goodwill and intangible assets, net consisted of the following (in thousands):
June 30, 2026December 31, 2025
Gross
Carrying
Amount		Accumulated
Amortization 		Net Book
Value		Gross
Carrying
Amount		Accumulated
Amortization 		Net Book
Value
Goodwill and intangible assets:
Goodwill$37,671 $— $37,671 $37,851 $— $37,851 
Intangible assets (1)
19,196 (16,126)3,070 19,377 (15,566)3,811 
$56,867 $(16,126)$40,741 $57,228 $(15,566)$41,662 
(1)Total weighted remaining average amortization period was 2.5 years and 2.9 years as of June 30, 2026 and December 31, 2025, respectively. Intangible assets principally include non-compete agreements and customer relationships.
The Company recorded amortization expense for intangible assets of $0.3 million and $0.5 million for the three months ended June 30, 2026 and 2025, respectively, and $0.7 million and $1.1 million for the six months ended June 30, 2026 and 2025, respectively.
The changes in the carrying amount of goodwill consisted of the following (in thousands):
Six Months Ended
June 30, 2026
Beginning balance$37,851 
Additions from acquisitions — 
Impact of foreign currency translation(180)
Ending balance$37,671 
Estimated amortization expense for intangible assets by year for the next five years and thereafter consisted of the following (in thousands):
June 30, 2026
Remainder of 2026$646 
20271,214 
20281,210 
2029— 
2030— 
Thereafter— 
$3,070 
The Company evaluates goodwill for impairment annually in the fourth quarter. In addition to the annual impairment evaluation, the Company evaluates at least quarterly whether events or circumstances have occurred in the period subsequent to the annual impairment testing, which indicate that it is more likely than not an impairment loss has occurred. The Company evaluates its intangible assets that have finite useful lives whenever an event or change in circumstances indicates that the carrying value of the asset may not be recoverable.
As of June 30, 2026, the Company considered the impact of economic conditions and evaluated its goodwill and intangible assets for potential impairment. Based on this assessment, the Company determined no events or changes in circumstances existed that would indicate potential impairment. Accordingly, the Company concluded that as of June 30, 2026, there was no impairment of goodwill and intangible assets.