Company: GDOT
Filing Date: 2025-03-04
Form Type: 10-K
Source: 0001386278-25-000009
Chunk: 140

Company: GREEN DOT CORP
Filing Date: 2025-03-04
Form: 10-K
Item: Item 8
Chunk 140
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3 million for the years ended December 31, 2024 and 2022, respectively, related to internal-use software that we determined would no longer be utilized. No impairment charge was recognized related to long-lived assets for the year ended December 31, 2023. 

Note 9—Goodwill and Intangible Assets

Goodwill and intangible assets on our consolidated balance sheets consisted of the following:December 31,20242023(In thousands)Goodwill$301,790 $301,790 Intangible assets, net96,151 118,687 Goodwill and intangible assets$397,941 $420,477 GoodwillThere were no changes in the composition of goodwill from the previous year either on a consolidated basis or within our reportable segments. We completed our annual goodwill impairment test as of November 30, 2024. Based on the results of the annual goodwill impairment test, we determined that each of the fair values of our reporting units exceeded their carrying values and therefore, no impairment was recorded.

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Table of ContentsGREEN DOT CORPORATIONNOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (CONTINUED)

Note 9—Goodwill and Intangible Assets (continued)Intangible AssetsThe gross carrying amounts and accumulated amortization related to intangibles assets were as follows:December 31, 2024December 31, 2023Gross Carrying ValueAccumulated AmortizationNet Book ValueGross Carrying ValueAccumulated AmortizationNet Book ValueWeighted Average Useful Lives(In thousands)(In thousands)(Years)Customer relationships$250,800 $(173,887)$76,913 $309,773 $(214,416)$95,357 14.0Trade names43,386 (30,356)13,030 44,086 (28,524)15,562 14.7Patents3,000 (2,727)273 3,000 (2,455)545 11.0Software licenses17,842 (11,964)5,878 15,835 (8,697)7,138 4.1Other926 (869)57 5,964 (5,879)85 9.6Total intangible assets$315,954 $(219,803)$96,151 $378,658 $(259,971)$118,687 Amortization expense on finite-lived int