Annual report pursuant to Section 13 and 15(d)

GOODWILL

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GOODWILL
 12 Months Ended
Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL
NOTE 11—GOODWILL
During the fourth quarter of 2023, the Company revised the presentation of its segment information to reflect changes in the way the Company manages and evaluates the business. As a result, beginning in the fourth quarter of 2023, the Company reports operating results based on two reportable segments, playGAMES and playAWARDS. This change also resulted in a change in reporting units to coincide with the new operating segments. Given the change in reporting units, the Company performed a relative fair value calculation to allocate historical goodwill of $47.1 million between the two new reporting units, with all of the goodwill allocated to playGAMES. The Company also performed a qualitative impairment test immediately before and after the change in reporting units and determined that it is not more likely than not that the fair value of the reporting units is less than their carrying amounts, including goodwill. Accordingly, the Company concluded that the goodwill relating to those reporting units was not impaired.
The following table provides the changes in the carrying amount of goodwill allocated to the playGAMES segment for the years ended December 31, 2023 and December 31, 2022:
Goodwill, Gross Accumulated Impairment Goodwill, Net
Balance as of December 31, 2021
 $ 5,059  $ —  $ 5,059 
Additions from acquisitions 42,074  —  42,074 
Measurement period adjustments —  —  — 
Balance as of December 31, 2022
 47,133  —  47,133 
Additions from acquisitions —  —  — 
Measurement period adjustments —  —  — 
Balance as of December 31, 2023
 $ 47,133  $ —  $ 47,133