During the third quarter of fiscal 2023, the Company completed an interim goodwill impairment analysis for Sitrick, a strategic and crisis communications business acquired in 2009. Many of Sitrick’s target clients were impacted by the initial closures of U.S. courts during the COVID-19 pandemic (the “Pandemic”) and the continued lingering impact on the court system despite the reopening, resulting in less opportunities and a slower revenue conversion typically provided by Sitrick. The Company determined that the carrying value of Sitrick, also a reporting unit, was in excess of its fair value and recorded a non-cash impairment charge of $3.0 million during the third quarter of fiscal 2023. This impairment reduced the goodwill within the Other Segments to zero as of May 27, 2023. See Note 2 – Summary of Significant Accounting Policies for further information.


	RGP		Other Segments		Total Company
Balance as of May 28, 2022	$	206,830	$	2,955	$	209,785
Goodwill impairment	-		(2,955)		(2,955)
Impact of foreign currency exchange rate changes	(108)		-		(108)
Balance as of May 27, 2023	$	206,722	$	-	$	206,722
Acquisition (See Note 3)	9,637		-		9,637
Impact of foreign currency exchange rate changes	220		-		220
Balance as of May 25, 2024	$	216,579	$	-	$	216,579

The following table presents details of the Company’s intangible assets, estimated lives and related accumulated amortization (in thousands, except for estimated useful life):


		As of May 25, 2024						As of May 27, 2023
	Estimated Useful Life	Gross		Accumulated Amortization		Net Carrying Amount		Gross		Accumulated Amortization		Net Carrying Amount

Customer contracts and relationships	7 - 12 years	$	25,100	$	(16,858)	$	8,242	$	22,000	$	(13,802)	$	8,198
Computer software	1 - 3.5 years	7,870		(6,539)		1,331		7,541		(4,218)		3,323
Total		$	32,970	$	(23,397)	$	9,573	$	29,541	$	(18,020)	$	11,521

The weighted-average useful lives of the customer contracts and relationships, and computer software are approximately 5.0 years, and 2.5 years, respectively. The weighted-average useful life of all of the Company’s intangible assets is 4.6 years.

The Company recorded amortization expense of $5.4 million, $5.0 million, and $4.9 million for the years ended May 25, 2024, May 27, 2023 and May 28, 2022, respectively. The following table presents future estimated amortization expense based on existing intangible assets held for use (in thousands):

Actual future estimated amortization expense could differ from these estimated amounts as a result of future acquisitions, dispositions, impairments, and other factors or changes.