Company: IMXI
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0001683695-25-000063
Chunk: 72

Company: International Money Express, Inc.
Filing Date: 2025-05-08
Form: 10-Q
Item: Item 8
Chunk 72
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The following table presents the changes in goodwill and intangible assets (in thousands):GoodwillIntangiblesBalance at December 31, 2024$55,195 $26,847 Acquisition of agent locations— 38 Amortization expense— (827)Balance at March 31, 2025$55,195 $26,058 Amortization expense related to intangible assets for the remainder of 2025 and thereafter is as follows (in thousands):2025$3,645 20263,753 20273,178 20282,696 20292,305 Thereafter10,481 $26,058 

NOTE 7 – LEASES

To conduct certain of our operations, the Company is a party to leases for office space, warehouses and Company-operated store locations and vehicles. The presentation of right-of-use assets and lease liabilities in the condensed consolidated balance sheets is as follows (in thousands):LeasesClassificationMarch 31, 2025December 31, 2024AssetsRight-of-use assetsOther assets(1)$17,677 $18,511 Total leased assets$17,677 $18,511 LiabilitiesCurrentOperatingAccrued and other liabilities$6,392 $6,468 NoncurrentOperatingLease liabilities17,493 18,582 Total Lease liabilities$23,885 $25,050 (1) Operating right-of-use assets are recorded net of accumulated amortization of $14.0 million and $14.5 million as of March 31, 2025 and December 31, 2024, respectively.Operating lease cost for the three months ended March 31, 2025 and 2024, was as follows (in thousands):Three Months Ended March 31,Lease Cost20252024Operating lease cost (2)$1,745 $1,802 (2) Operating lease cost is included in other selling, general and administrative expenses in the condensed consolidated statements of income and comprehensive income for the three months ended March 31, 2025 and 2024.As of March 31, 2025 and December 31, 2024, the Company’s weighted-average remaining lease terms on its operating leases is 6.5 and 6.6 years, and the Company’s weighted-average discount rate is 6.32% and 6.31%, respectively, which is the Company’s incremental