Company: RILYN
Filing Date: 2025-01-14
Form Type: 10-Q
Source: 0001628280-25-001398
Chunk: 51

Company: B. Riley Financial, Inc.
Filing Date: 2025-01-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 costs, and finance lease assets. 

NOTE 8 — GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill was $502,341 and $472,326 as of June 30, 2024 and December 31, 2023, respectively. The increase in goodwill during the six months ended June 30, 2024 was primarily due to $56,028 from the acquisition of Nogin in the All Other category and $1,431 from an immaterial acquisition in the Financial Consulting segment, partially offset by $26,681 from goodwill impairment in the Consumer Products segment.

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The changes in the carrying amount of goodwill for the six months ended June 30, 2024 were as follows:CapitalMarketsSegmentWealthManagementSegmentAuction andLiquidationSegmentFinancialConsultingSegmentCommunicationsSegmentConsumer Products SegmentAll OtherTotalBalance as of December 31, 2023$162,018 $51,195 $1,975 $33,310 $193,867 $26,681 $3,280 $472,326 Acquisition of other businesses— — — 1,431 — — 56,028 57,459 Goodwill impairment— — — — — (26,681)— (26,681)Other(532)— — (231)— — — (763)Balance as of June 30, 2024$161,486 $51,195 $1,975 $34,510 $193,867 $— $59,308 $502,341 During the six months ended June 30, 2024, the changes in goodwill included $(231) of foreign currency translation amounts and $(532) related to the sale of certain assets.Intangible assets consisted of the following:As of June 30, 2024As of December 31, 2023Estimated Useful Life in YearsGross Carrying ValueAccumulated AmortizationIntangibles NetGross Carrying ValueAccumulated AmortizationIntangibles NetAmortizable assets:Customer relationships1 to 16$281,008 $(131,654)$149,354 $272,399 $(117,228)$155,171 Domain names7175 (173)2 185 (183)2 Advertising relationships8100 (100)— 100 (94)6