Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 130

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 130
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 goodwill18,451 2,626 — — 21,077 Disposition(98,779)— — — (98,779)Transfer of goodwill between segments (1)(8,517)— 8,517 — — Foreign currency translation1,846 5,056 353 271 7,526 Other (2)— 220 — 1,815 2,035 Balance at December 31, 2023$881,395 $441,660 $136,587 $39,173 $1,498,815 Acquired goodwill13,845 368 23,520 38,175 75,908 Disposition— — — (7,699)(7,699)Transfer of goodwill between segments (1)4,122 (4,122)— — — Foreign currency translation(6,485)(4,149)(784)(738)(12,156)Other (2)(731)9 — — (722)Balance at December 31, 2024$892,146 $433,766 $159,323 $68,911 $1,554,146 (1) Transfer of goodwill resulting from changes to the Company’s reportable segments (Networks) due to changes in the Company’s internal management and reporting structure. See Note 20 of the Notes included herein for additional information related to these changes. (2) Represents adjustments associated with the finalization of purchase price accounting for acquisitions. There was $116.7 million of accumulated goodwill impairment charges as of December 31, 2023, and December 31, 2024. The Company recognized an impairment and other losses charge of $122.2 million for the year ended December 31, 2022, primarily related to the impairment of goodwill totaling $116.7 million. The goodwill impairment was to write down the carrying value in excess of the fair value at eight reporting units, three in the Integrated Agencies Network, four in the Brand Performance Network and one within the All Other category. The charge was recorded within Impairment and other losses on the Consolidated Statements of Operations.

80

The following presents the Company’s gross and net amounts of intangible assets other than goodwill as reported on the Consolidated Balance Sheets as of December 31,:Intangible Assets20242023Customer relationships, gross$939,227 $870,987 Acc