XML 48 R35.htm IDEA: XBRL DOCUMENT v3.22.1
GOODWILL AND INTANGIBLE ASSETS, NET (Tables)
3 Months Ended
Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Summary of changes in goodwill
(in thousands)Servicer and Real EstateOriginationCorporate and OthersTotal
Balance as of March 31, 2022 and December 31, 2021
$30,681 $25,279 $— $55,960 
We determined that each reportable segment represents a reporting unit. Goodwill was allocated to each reporting unit based on the relative fair value of each of our reporting units.
Schedule of intangible assets, net
Intangible assets, net consist of the following:
 
Weighted average estimated useful life
(in years)
Gross carrying amountAccumulated amortizationNet book value
(in thousands)March 31,
2022
December 31,
2021
March 31,
2022
December 31,
2021
March 31,
2022
December 31,
2021
Definite lived intangible assets:
Customer related intangible assets9$214,307 $214,307 $(195,344)$(194,594)$18,963 $19,713 
Operating agreement2035,000 35,000 (21,292)(20,854)13,708 14,146 
Trademarks and trade names169,709 9,709 (6,805)(6,709)2,904 3,000 
Total$259,016 $259,016 $(223,441)$(222,157)$35,575 $36,859