Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 98

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 8
Chunk 98
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226,669 (1)  As of June 30, 2025 and December 31, 2024, the accumulated impairment balance was $72.4 million.There were no impairments of goodwill during the three and six months ended June 30, 2025. During the six months ended June 30, 2024, the Company recorded a non-cash impairment charge of $3.6 million in the condensed consolidated statements of operations, to recognize a full impairment of goodwill associated with its WildHealth reporting unit, which was sold in 2024. There were no other impairments of goodwill during the three and six months ended June 30, 2024.Intangible Assets, NetIntangible assets, 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. 

17

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