Annual report pursuant to Section 13 and 15(d)

Goodwill

v3.24.1
Goodwill
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill Goodwill
The Company recorded goodwill in connection with the acquisition of Verus which closed in November 2020 and in connection with the acquisitions of Red Barn, E4:9, LiveBy, Epic and Woodhouse which closed in 2021. These acquisitions have been accounted for using the acquisition method accounting. Under the acquisition method of accounting, the Company allocated the total purchase price to the tangible and identifiable intangible assets acquired, and assumed liabilities based on their estimated fair values as of the acquisition date, as determined by management. The excess of the purchase price over the aggregate fair values of the identifiable assets was recorded as goodwill.
The were no changes in the carrying value of goodwill by segment during 2023 as noted in the table below (amount in thousands):
Real Estate
Brokerage		 Mortgage Technology
Other1
Total
Balance at December 31, 2023 and 2022 $ 2,690  $ 10,428  $ 4,168  $ 8,321  $ 25,607 
(1) Other comprises goodwill not assigned to a reportable segment.