Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 445

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 445
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,220 326,841 333,220 7.32% senior exchangeable notes due 2026172,500 150,000 — — 8.625% senior secured notes due 2027649,105 656,783 776,598 852,987 11.25% senior secured notes due 202749,400 45,253 545,024 546,384 10.75% senior secured notes due 2029853,220 774,332 — — _____________________(1)Excludes net unamortized debt issuance costs.Assets that are Measured at Fair Value on a Nonrecurring BasisAs described in Note 1. Summary of Business and Significant Accounting Policies, we assess goodwill and other intangible assets with indefinite lives for impairment annually or more frequently if indicators arise. We continually monitor events and changes in circumstances such as changes in market conditions, near and long-term demand and other relevant factors, that could indicate that the fair value of any one of our reporting units may more likely than not have fallen below its respective carrying amount. Although we have not identified any triggering events or changes in circumstances that would require us to perform a goodwill impairment test, periodically, we will perform a quantitative assessment in the absence of identifying triggering events, as part of the qualitative assessment. In 2023, we elected to perform a quantitative assessment. We have not identified any triggering events or changes in circumstances since the performance of our goodwill impairment test in 2023 that would require us to perform another quantitative goodwill impairment test. We did not record any goodwill impairment charges for the year ended December 31, 2024.

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13. Leases

We lease certain facilities under long-term operating leases. Operating lease assets are included in operating lease right-of-use (“ROU”) assets within other assets, net and operating lease liabilities are included in other accrued liabilities and other noncurrent liabilities in our consolidated balance sheets. The following table presents the components of lease expense for the years ended December 31, 2024 and 2023 (in thousands): Year Ended December 31,20242023Operating lease cost$16,826 $17,502 The following table presents supplemental cash flow information related to leases (in thousands):Year Ended December 31,20242023Supplemental Cash Flow InformationCash paid for amounts included in the measurement of lease liabilities:Operating cash flows used in operating leases$17,486 $16,715 Right