Intangible Assets

6 Months Ended

Jun. 30, 2016

(6) Intangible Assets

Intangible Assets with Indefinite Lives

The following table presents the net carrying amount of the Company’s intangible assets with indefinite lives as well as the changes in the net carrying amounts for the six months ended June 30, 2016, by segment:


	Goodwill
	North America (1)		Europe (2)		Total
	(In thousands)
Balance as of January 1, 2016:
Gross balance	$	452,270	$	146,669	$	598,939
Accumulated impairment loss		—		(50,003)		(50,003)
	$	452,270	$	96,666	$	548,936

Foreign currency translation adjustments		99		(8,980)		(8,881)

Balance as of June 30, 2016:
Gross balance	$	452,369	$	137,689	$	590,058
Accumulated impairment loss		—		(50,003)		(50,003)
	$	452,369	$	87,686	$	540,055

⁽¹⁾

The North America segment is comprised of the Company’s operations in the U.S., Canada, Mexico, and Puerto Rico.

⁽²⁾

The Europe segment is comprised of the Company’s operations in the U.K., Ireland, Germany, Poland, and its ATM advertising business.


	Trade Name: indefinite-lived
	North America (1)		Europe (2)		Corporate & Other (3)		Total
	(In thousands)
Balance as of January 1, 2016:	$	200	$	416	$	1,700	$	2,316
Reclassification to definite-lived trade name		—		—		(1,700)		(1,700)
Foreign currency translation adjustments		—		39		—		39
Balance as of June 30, 2016	$	200	$	455	$	—	$	655

⁽¹⁾

The North America segment is comprised of the Company’s operations in the U.S., Canada, Mexico, and Puerto Rico.

⁽²⁾

The Europe segment is comprised of the Company’s operations in the U.K., Ireland, Germany, Poland, and its ATM advertising business.

⁽³⁾

The Corporate & Other segment is comprised of the Company’s transaction processing activities and the Company’s corporate general and administrative functions.

Intangible Assets with Definite Lives

The following is a summary of the Company’s intangible assets that were subject to amortization:


	June 30, 2016						December 31, 2015
	Gross				Net		Gross				Net
	Carrying		Accumulated		Carrying		Carrying		Accumulated		Carrying
	Amount		Amortization		Amount		Amount		Amortization		Amount
	(In thousands)						(In thousands)
Customer and branding contracts/relationships	$	349,873	$	(234,221)	$	115,652	$	350,211	$	(219,498)	$	130,713
Revolving credit facility deferred financing costs		3,071		(2,010)		1,061		2,896		(1,452)		1,444
Non-compete agreements		4,418		(4,043)		375		4,454		(3,935)		519
Technology		10,714		(4,370)		6,344		10,751		(3,750)		7,001
Trade name: definite-lived		12,411		(3,328)		9,083		11,646		(2,859)		8,787
Total	$	380,487	$	(247,972)	$	132,515	$	379,958	$	(231,494)	$	148,464

- 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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