Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Goodwill and Other

v3.22.2
Intangible Assets, Goodwill and Other
 6 Months Ended
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND INTANGIBLE ASSETS
Goodwill
The changes in the carrying amount of goodwill allocated to the origination segment are presented in the following table:
Balance at December 31, 2021 $ 175,144 
Measurement period adjustment(1)
(1,710)
Balance at June 30, 2022 $ 173,434 
______________________________
(1)The Company recorded a measurement period adjustment that included a decrease to goodwill of $1.7 million and an increase to income tax receivable of $1.7 million. This adjustment did not impact the Company's statements of income.
Intangible Assets
The following table presents our intangible assets, net as of June 30, 2022:
  Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (Years)
Referral network $ 42,300  $ 7,050  $ 35,250  4.7
Non-compete agreements 2,700  900  1,800  0.1
  $ 45,000  $ 7,950  $ 37,050  4.8
Amortization expense related to intangible assets was $2.0 million and $4.0 million for the three and six months ended June 30, 2022.