GOODWILL AND INTANGIBLE ASSETS

9 Months Ended

Sep. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS

As a result of the various acquisitions, Rithm Capital identified intangible assets in the form of licenses, customer relationships, business relationships, and trade names.

The following table summarizes the carrying value of goodwill by reportable segment:

	Origination		Servicing		MSR Related Investments		Mortgage Loans Receivable		Total
Balance at December 31, 2021	$	11,836	$	12,540	$	5,092	$	55,731	$	85,199
Goodwill acquired	—		—		—		—		—
Accumulated impairment loss	—		—		—		—		—
Other adjustments	—		—		—		—		—
Balance at September 30, 2022	$	11,836	$	12,540	$	5,092	$	55,731	$	85,199

The following table summarizes the acquired identifiable intangible assets:

	Estimated Useful Lives (Years)	September 30, 2022		December 31, 2021
Gross Intangible Assets
Customer relationships	3 to 9	$	57,949	$	57,949
Purchased technology	3 to 7	119,177		93,241
Trademarks / Trade names	1 to 5	10,259		10,259
		187,385		161,449
Accumulated Amortization
Customer relationships		12,565		6,574
Purchased technology		25,841		10,578
Trademarks / Trade names		2,224		1,164
		40,630		18,316
Intangible Assets, Net
Customer relationships		45,384		51,375
Purchased technology		93,336		82,663
Trademarks / Trade names		8,035		9,095
		$	146,755	$	143,133

The following table summarizes the expected future amortization expense for acquired intangible assets as of September 30, 2022:

Year Ending	Amortization Expense
October 1 through December 31, 2022	$	8,408
2023	29,906
2024	27,456
2025	20,891
2026	14,934
2027 and thereafter	14,219
	$	115,814