Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the Company's goodwill activity by segment for the six months ended June 30, 2016 (in thousands):



	North America			EMEA		Rest of World		Consolidated
Balance as of December 31, 2015	$	178,746		$	92,063	$	16,523	$	287,332
Goodwill related to acquisition	671			—		—		671
Goodwill related to disposition	(1,260		)	—		—		(1,260		)
Foreign currency translation	—			1,822		724		2,546
Balance as of June 30, 2016	$	178,157		$	93,885	$	17,247	$	289,289

The following tables summarize the Company's intangible assets (in thousands):



	June 30, 2016
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Subscriber relationships	$	53,130	$	46,775	$	6,355
Merchant relationships	9,737		8,412		1,325
Trade names	11,109		8,030		3,079
Developed technology	36,364		27,649		8,715
Brand relationships	7,960		3,869		4,091
Other intangible assets	22,794		16,810		5,984
Total	$	141,094	$	111,545	$	29,549



	December 31, 2015
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Subscriber relationships	$	52,204	$	43,725	$	8,479
Merchant relationships	9,648		8,064		1,584
Trade names	11,013		7,396		3,617
Developed technology	37,103		25,436		11,667
Brand relationships	7,960		3,073		4,887
Other intangible assets	20,638		14,389		6,249
Total	$	138,566	$	102,083	$	36,483

Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 5 years. Amortization expense related to intangible assets was $4.5 million and $3.9 million for the three months ended June 30, 2016 and 2015, respectively, and $9.2 million and $9.8 million for the six months ended June 30, 2016 and 2015, respectively. As of June 30, 2016, the Company's estimated future amortization expense related to intangible assets is as follows (in thousands):



Remaining amounts in 2016	$	8,110
2017	11,908
2018	8,000
2019	931
2020	555
Thereafter	45
Total	$	29,549

- 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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