Company: RILYN
Filing Date: 2025-02-21
Form Type: 10-Q
Source: 0001628280-25-007082
Chunk: 59

Company: B. Riley Financial, Inc.
Filing Date: 2025-02-21
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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 goodwill impairment in the Consumer Products segment.

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The changes in the carrying amount of goodwill for the nine months ended September 30, 2024 were as follows:CapitalMarketsSegmentWealthManagementSegmentFinancialConsultingSegmentCommunicationsSegmentConsumer Products SegmentAll OtherTotalBalance as of December 31, 2023$162,018 $51,195 $29,597 $193,867 $26,681 $3,280 $466,638 Acquisition of other businesses— — 1,431 — — 56,028 57,459 Goodwill impairment— — — — (26,681)— (26,681)Other(532)— (143)— — 1,636 961 Balance as of September 30, 2024$161,486 $51,195 $30,885 $193,867 $— $60,944 $498,377 During the nine months ended September 30, 2024, the changes in goodwill included $1,636 of Nogin purchase price accounting adjustments, $(532) related to the sale of certain assets and $(143) of foreign currency translation amounts.Intangible assets consisted of the following:As of September 30, 2024As of December 31, 2023Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationIntangibles NetGross Carrying ValueAccumulated AmortizationIntangibles NetAmortizable assets:Customer relationships1 to 16$272,330 $(129,721)$142,609 $263,721 $(108,644)$155,077 Domain names7175 (173)2 185 (183)2 Advertising relationships8100 (100)— 100 (94)6 Internally developed software and other intangibles0.5 to 1032,935 (22,506)10,429 28,985 (19,613)9,372 Trademarks3 to 1024,028 (9,983)14,045 20,821 (8,133)12,688 Total329,568 (162,483)167,085 313,812 (136,667)177,145 Non-amortizable assets:      Tradenames20,100 — 20,100