Finance of America Companies Inc. Quarterly report pursuant to Section 13 or 15(d)

Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2022

Intangible assets, net, consisted of the following (in thousands):


March 31, 2022	Amortization Period (Years)		Cost		Accumulated Amortization			Impairment		Net
Successor:
Non-amortizing intangibles
Trade name		N/A	$	91,600	$	—		$	—	$	91,600

Total non-amortizing intangibles			$	91,600	$	—		$	—	$	91,600

Amortizing intangibles
Broker/customer relationships		8 - 15	$	541,100	$	(52,948	)	$	—	$	488,152
Trade names and other		5 - 10		10,937		(1,597	)		—		9,340

Total amortizing intangibles			$	552,037	$	(54,545	)	$	—	$	497,492

Total intangibles			$	643,637	$	(54,545	)	$	—	$	589,092


December 31, 2021	Amortization Period (Years)		Cost		Accumulated Amortization			Impairment			Net
Successor:
Non-amortizing intangibles
Trade name		N/A	$	178,000	$	—		$	(86,400	)	$	91,600

Total non-amortizing intangibles			$	178,000	$	—		$	(86,400	)	$	91,600

Amortizing intangibles
Broker/customer relationships		8 - 15	$	541,100	$	(39,711	)	$	—		$	501,389
Trade names and other		5 - 10		10,937		(1,026	)		—			9,911

Total amortizing intangibles			$	552,037	$	(40,737	)	$	—		$	511,300

Total intangibles			$	730,037	$	(40,737	)	$	(86,400	)	$	602,900

The estimated amortization expense for each of the five succeeding fiscal years and thereafter as of March 31, 2022 is as follows (in thousands):


Year Ending December 31,	Amount
2022	$	41,645
2023		55,233
2024		55,233
2025		55,233
2026		55,126
Thereafter		235,022

Total future amortization expens e	$	497,492