Company: LPSN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001102993-25-000053
Chunk: 26

Company: LIVEPERSON INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 26
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1)13,258 13,788 Total long-lived assets$374,466 $376,554 ——————————————(1)Israel, United Kingdom, Japan, France, Italy, Spain, Canada, and Singapore

Note 5. Goodwill and Intangible Assets, Net

GoodwillGoodwill represents the excess of the aggregate purchase price over the fair value of net identifiable assets acquired in a business combination. Goodwill is not amortized, but is tested for impairment at the reporting unit level using either a qualitative or quantitative assessment on an annual basis, or whenever events or changes in circumstances indicate that the carrying value may not be recoverable. In the valuation of goodwill, management must make assumptions regarding estimated future cash flows to be derived from the Company’s business. If these estimates or their related assumptions change in the future, the Company may be required to record impairment for these assets.The changes in the carrying amount of goodwill as of March 31, 2025 and December 31, 2024 are as follows:Goodwill, net(In thousands)Balance as of December 31, 2024 (1)$222,554 Foreign exchange adjustment1,230 Balance as of March 31, 2025 (1)$223,784 (1)  As of March 31, 2025 and December 31, 2024, the accumulated impairment balance was $72.4 million.

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NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED)

There were no impairments of goodwill during the three months ended March 31, 2025. During the three months ended March 31, 2024, the Company recorded a non-cash impairment charge of $3.6 million in the condensed consolidated statements of operations, to recognize a full impairment of goodwill associated with its WildHealth reporting unit, which was sold in 2024. Intangible Assets, NetIntangible assets, net are summarized as follows: March 31,December 31,20252024(In thousands)Patents: Gross carrying amount$18,161 $17,609 Accumulated amortization(2,705)(2,539)Net carrying amount$15,456 $15,070 Weighted average amortization period13.8 years12.7 yearsAmortization expense is recognized over the estimated useful life of the asset. Aggregate amortization expense for intangible assets and finance leases, net was $0.