Company: RITM-PC
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0001556593-25-000016
Chunk: 197

Company: Rithm Capital Corp.
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 197
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 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 the measurement period adjustments made in the fourth quarter of 2024 to arrive at the revised preliminary allocation of the total consideration paid to acquire the assets and assume the liabilities:Preliminary Amounts as of the Acquisition DateSubsequent Adjustments to Fair Value(A)Revised Preliminary 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 (10,197)225,944 Secured notes and bonds payable190,596 — 190,596 Total Liabilities Assumed426,737 (10,197)416,540 Net Assets736,185 6,688 742,873 Bargain Purchase Gain$28,159 $(744)$27,415 (A)The adjustment to total consideration was primarily driven by changes in valuation of MSRs acquired and resolutions with seller with respect to servicing fee receivables (as reflected in other assets) and legal obligations (as reflected in accrued expenses and other liabilities).

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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)

Unaudited Supplemental Pro Forma Financial InformationThe following table presents unaudited pro forma