Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 27

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 27
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2 million and $4.2 million for the three months ended March 31, 2025 and 2024, respectively.There were no impairments of intangible assets during the three months ended March 31, 2025. As a result of the impairment test in the first quarter of 2024, 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, related to intangible assets associated with its WildHealth reporting unit, which was sold in 2024. As of March 31, 2025, estimated annual amortization expense for the next five years and thereafter is as follows:  Estimated Amortization Expense(In thousands)Remainder of 2025$510 2026613 2027580 2028579 2029563 Thereafter12,611 Total$15,456 

Note 6. Property and Equipment, Net

Property and equipment are stated at cost, net of accumulated depreciation, and amortization. Depreciation and amortization is 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 

17

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

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 lifeMarch 31,2025December 31,2024(In years)(In thousands)Computer equipment and software3 to 5$135,475 $134,647 Internal-use software development costs5180,065 176,725 Finance lease right-of-use assets2— 62 Furniture, equipment and building improvementsThe lesser of 5 or estimated useful life238 234 Property and equipment, at cost315,778 311,668 Less: accumulated depreciation(217,462)(211,111)Property and equipment, net $98,316 $100,557 Depreciation and amortization expense of property and equipment was $5.6 million and $8.2 million during the three months ended March 31, 2025 and 2024, respectively. There were no impairments of property and equipment