Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]



6.	Goodwill and Other Intangible Assets

Goodwill

The changes in goodwill during the first nine months of 2014 were as follows:



	Fleet Payment Solutions Segment			Other Payment Solutions Segment			Total
Gross goodwill, January 1, 2014	$	754,886		$	82,514		$	837,400
Impact of foreign currency translation	(3,276		)	(1,114		)	(4,390		)
Acquisition of Evolution1	—			298,868			298,868
Sale of subsidiary	(19,137		)	—			(19,137		)
Gross goodwill, September 30, 2014	732,473			380,268			1,112,741
Accumulated impairment, September 30, 2014	(1,337		)	(16,171		)	(17,508		)
Net goodwill, September 30, 2014	$	731,136		$	364,097		$	1,095,233

As described in Note 3, the Company adjusted the amount of goodwill and intangible assets as of December 31, 2013 in the accompanying condensed consolidated balance sheet to account for the measurement period adjustments to the FastCred purchase price allocation.

The Company had no impairments to goodwill during the nine months ended September 30, 2014.

Other Intangible Assets

The changes in other intangible assets during the first nine months of 2014 were as follows:



	Net Carrying Amount, January 1, 2014		Acquisition		Amortization			Disposals			Impact of foreign currency translation			Net Carrying Amount, September 30, 2014
Definite-lived intangible assets
Acquired software	$	61,590	$	70,000	$	(6,982	)	$	—		$	(505	)	$	124,103
Customer relationships	127,403		211,000		(20,296		)	(3,727		)	(490		)	313,890
Patent	1,672		—		(253		)	—			(9		)	1,410
Trade names	8,835		18,900		(884		)	(1,444		)	(108		)	25,299
Indefinite-lived intangible assets
Trademarks and trade names	7,244		—		—			—			(86		)	7,158
Total	$	206,744	$	299,900	$	(28,415	)	$	(5,171	)	$	(1,198	)	$	471,860

The following table presents the estimated amortization expense related to the definite-lived intangible assets listed above for the remainder of 2014 and for each of the five succeeding fiscal years:



Remaining 2014	$	12,220
2015	$	46,847
2016	$	45,172
2017	$	44,313
2018	$	41,330
2019	$	38,384

Other intangible assets, net consist of the following:



	September 30, 2014							December 31, 2013
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Definite-lived intangible assets
Acquired software	$	152,596	$	(28,493	)	$	124,103	$	83,844	$	(22,254	)	$	61,590
Non-compete agreement	—		—			—		100		(100		)	—
Customer relationships	393,269		(79,379		)	313,890		197,424		(70,021		)	127,403
Patent	2,886		(1,476		)	1,410		2,935		(1,263		)	1,672
Trademarks and trade names	27,445		(2,146		)	25,299		10,112		(1,277		)	8,835
	$	576,196	$	(111,494	)	464,702		$	294,415	$	(94,915	)	199,500
Indefinite-lived intangible assets
Trademarks and trade names						7,158							7,244
Total						$	471,860						$	206,744

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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