Company: RITM-PC
Filing Date: 2025-10-31
Form Type: 10-Q
Source: 0001556593-25-000033
Chunk: 83

Company: Rithm Capital Corp.
Filing Date: 2025-10-31
Form: 10-Q
Item: Item 1
Chunk 83
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 attributable to Computershare for the three and nine months ended September 30, 2024, because it was impracticable to do so. As of the beginning of the third quarter of 2024, Computershare’s operations and financial information have been integrated within the Company’s systems, making it infeasible to separately identify and report the specific revenue and net income figures for Computershare. Acquisition-related costs are expensed in the period incurred. Rithm Capital recognized $17.8 million of Computershare Acquisition related costs that were expensed for the nine months ended September 30, 2024. These costs were grouped and presented within compensation and benefits and general and administrative expenses in the consolidated statements of operations.

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RITHM CAPITAL CORP. AND SUBSIDIARIESNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)(dollars in tables in thousands, except share and per share data)

Intangible assets acquired consist of customer relationships. Rithm Capital amortizes finite-lived customer relationships on a straight-line basis over their respective useful lives. The weighted average life of the total acquired identifiable intangible assets is 4.5 years. The following table presents the details of identifiable intangible assets acquired: Estimated Useful LifeAmountCustomer Relationships4.5$16,000 Total Identifiable Intangible Assets$16,000 Measurement Period AdjustmentsThe following table summarizes the provisional amounts recognized related to the Computershare Acquisition as of the acquisition date, as well as adjustments made during the measurement period to arrive at the final allocation of the total consideration paid for acquired assets and assumed liabilities:Preliminary Amounts as of the Acquisition DateSubsequent Adjustments to Fair Value(A)Final Amounts as of the Acquisition DateTotal Consideration$708,026 $7,432 $715,458 Assets:Residential mortgage loans, held-for-sale2,402 — 2,402 Servicer advances receivable275,782 (6,298)269,484 Mortgage servicing rights, at fair value696,462 3,745 700,207 Cash and cash equivalents102,011 (18)101,993 Restricted cash2,237 34 2,271 Other assets84,028 (972)83,056 Total Assets Acquired1,162,922 (3,509)1,159,413 Liabilities:Accrued expenses and other liabilities236,141 (