Company: RITM-PC
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0001556593-25-000007
Chunk: 306

Company: Rithm Capital Corp.
Filing Date: 2025-02-18
Form: 10-K
Item: Item 8
Chunk 306
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,658 131,857 Goodwill acquired— — — — Accumulated impairment loss— — — — Measurement period adjustments (Note 3)— — 1,975 1,975 Balance at December 31, 2024$29,468 $55,731 $48,633 $133,832 (A)    Refer to Note 3 for discussion regarding the Sculptor Acquisition.

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

The following table summarizes the acquired identifiable intangible assets:December 31,Estimated Useful Lives (Years)20242023Gross Intangible Assets:Management contracts10$275,000 $275,000 Customer relationships2 to 979,753 57,949 Purchased technology3 to 7105,567 103,525 Trademarks / Trade names(A)1 to 510,259 10,259 LicensesIndefinite21,365 21,365 491,944 468,098 Accumulated Amortization:Management contracts30,940 3,388 Customer relationships25,773 17,834 Purchased technology97,259 54,113 Trademarks / Trade names6,023 4,843 159,995 80,178 Intangible Assets, Net:Management contracts244,060 271,612 Customer relationships53,980 40,115 Purchased technology8,308 49,412 Trademarks / Trade names(A)4,236 5,416 Licenses21,365 21,365 $331,949 $387,920 (A)Includes indefinite-lived intangible assets of $1.9 million as of December 31, 2024 and 2023.The Company did not record any impairment loss on its intangible assets for the years ended December 31, 2024, 2023 and 2022.The following table summarizes the amortization expense recorded by the Company related to its intangible assets. Amortization expense related to intangible assets is included in general and administrative in the consolidated statements of operations.Year Ended December 31,202420232022Amortization expense$79,817 $32,596 $29,266 The following table summarizes the expected future amort