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GOODWILL AND INTANGIBLE ASSETS
 3 Months Ended
Mar. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND INTANGIBLE ASSETS GOODWILL AND OTHER INTANGIBLE ASSETS

The Company records goodwill when an acquisition is made and the purchase price is greater than the fair value assigned to the underlying tangible and intangible assets acquired and the liabilities assumed. The Company's goodwill was allocated to two of the Company's reportable segments as follows:
(in thousands)
March 31, 2020
 
December 31, 2019
Consumer Payments
$
106,832

 
$
106,832

Integrated Partners
2,683

 
2,683

 
$
109,515

 
$
109,515



There were no changes in the carrying amount of goodwill for the three months ended March 31, 2020.

The Company tests goodwill for impairment for each of its reporting units on an annual basis, or when events occur or circumstances indicate the fair value of a reporting unit may be below its carrying value. The Company expects to perform its next annual goodwill impairment test as of November 30, 2020 using market data and discounted cash flow analysis. The Company concluded there was no impairment as of March 31, 2020 or December 31, 2019. As such, there was no accumulated impairment loss as of March 31, 2020 and December 31, 2019.

The Company's intangible assets include acquired merchant portfolios, customer relationships, ISO relationships, trade names, technology, non-compete agreements, and residual buyouts. As of March 31, 2020 and December 31, 2019, intangible assets consisted of the following:
(in thousands)
March 31, 2020
 
December 31, 2019
Other intangible assets:
 
 
 
Merchant portfolios
$
115,502

 
$
114,554

Customer relationships
40,740

 
40,740

Residual buyouts
112,731

 
112,731

Non-compete agreements
3,390

 
3,390

Trade names
2,870

 
2,870

Technology
15,390

 
15,390

ISO relationships
15,200

 
15,200

 Total gross carrying value
305,823

 
304,875

Less accumulated amortization:
 
 
 
Merchant portfolios
(16,107
)
 
(12,655
)
Customer relationships
(26,818
)
 
(25,836
)
Residual buyouts
(62,895
)
 
(59,796
)
Non-compete agreements
(3,390
)
 
(3,390
)
Trade names
(1,331
)
 
(1,273
)
Technology
(13,387
)
 
(12,758
)
ISO relationships
(6,592
)
 
(6,341
)
Total accumulated amortization
(130,520
)
 
(122,049
)
 
 
 
 
 Net carrying value
$
175,303

 
$
182,826


 
See Note 10, Commitments and Contingencies, for information about a merchant portfolio with a contingent purchase price.

Amortization expense for finite-lived intangible assets was approximately $8.5 million and $7.5 million for the three months ended March 31, 2020 and 2019, respectively. Amortization expense for future periods could differ due to new intangible asset acquisitions, changes in useful lives of existing intangible assets, and other relevant events or circumstances.

The Company tests intangible assets for impairment when events occur or circumstances indicate that the fair value of an intangible asset or group of intangible assets may be impaired. The Company concluded there were no impairments as of March 31, 2020 or December 31, 2019. As such, there was no accumulated impairment loss as of March 31, 2020 and December 31, 2019.