Company: SABR
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001597033-25-000027
Chunk: 35

Company: Sabre Corp
Filing Date: 2025-02-20
Form: 10-K
Item: Item 8
Chunk 35
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 costs within our consolidated statement of operations. The majority of these additional costs is expected to be paid by the end of the first quarter of 2025. We also recorded a $10 million adjustment to the accrued liability for estimated amounts that are no longer expected to be paid. The following table summarizes the accrued liability for severance and related benefits costs as recorded within accrued compensation and related benefits within our consolidated balance sheets, related to this cost reduction plan (in thousands):Year Ended December 31, 2024Year Ended December 31, 2023Balance as of January 1$17,288 $— Charges19,379 64,247 Cash payments(16,941)(48,189)Non-cash adjustments(9,774)1,230 Balance as of December 31$9,952 $17,288 

6. Goodwill and Intangible Assets Changes in the carrying amount of goodwill during the years ended December 31, 2024 and 2023 are as follows (in thousands): Travel SolutionsHospitalitySolutionsTotalGoodwillBalance as of December 31, 2022$2,381,964 $160,123 $2,542,087 Acquired— 9,436 9,436 Adjustments(1)2,516 — 2,516 Balance as of December 31, 20232,384,480 169,559 2,554,039 Adjustments(1)(1,101)— (1,101)Balance as of December 31, 2024$2,383,379 $169,559 $2,552,938 ________________________(1)Includes net foreign currency effects during the years ended December 31, 2024 and 2023. 

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The following table presents our intangible assets as of December 31, 2024 and 2023 (in thousands):December 31, 2024December 31, 2023 GrossCarryingAmountAccumulatedAmortizationNetCarryingAmountGrossCarryingAmountAccumulatedAmortizationNetCarryingAmountAcquired customer relationships$1,004,375 $(812,311)$192,064 $1,041,719 $(827,529)$214,190 Trademarks and brand names323,998 (191,403)132,595 334,434 (190,948)