Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 49

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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, net are summarized as follows: June 30,December 31,20252024(In thousands)Patents: Gross carrying amount$18,426 $17,609 Accumulated amortization(2,879)(2,539)Net carrying amount$15,547 $15,070 Weighted average amortization period13.6 years12.7 yearsAmortization expense is recognized over the estimated useful life of the asset. Aggregate amortization expense for intangible assets and finance leases, net was $0.2 million and $0.4 million for the three and six months ended June 30, 2025, respectively, and $3.7 million and $7.9 million for the three and six months ended June 30, 2024, respectively.There were no impairments of intangible assets during the three and six months ended June 30, 2025. The Company recognized a non-cash impairment charge of $2.2 million included in Impairment of intangibles and other assets in the condensed consolidated statements of operations during the six months ended June 30, 2024, related to intangible assets associated with its WildHealth reporting unit, which was sold in 2024. 

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

As of June 30, 2025, estimated annual amortization expense for the next five years and thereafter is as follows:  Estimated Amortization Expense(In thousands)Remainder of 2025$340 2026613 2027580 2028579 2029563 Thereafter12,872 Total$15,547 

Note 6. Property and Equipment, Net

Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation and amortization are calculated using the straight-line method over the estimated useful lives of the related assets. Leasehold improvements are amortized using the straight-line method over the shorter of the lease term or the estimated useful life of the asset. The Company reviews the estimated useful lives of its property and equipment on an annual basis. The following table presents the detail of property and equipment, net as of the dates presented:Useful lifeJune 30,2025December 31,2024(In years)(In thousands)Computer equipment and software3 to 5$138,723 $134,647 Internal-use software518