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Intangible Assets (Tables)
 3 Months Ended
Mar. 31, 2017
Intangible Assets  
Schedule of Net Carrying Amounts of Intangible Assets with Indefinite Lives

 

 

Goodwill

 

    

North America (1)

    

Europe & Africa (2)

    

DCPayments (3)

    

Corporate & Other (4)

    

Total

 

 

(In thousands) 

Balance as of  January 1, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross balance

 

$

445,582

 

$

130,846

 

$

 —

 

$

6,650

 

$

583,078

Accumulated impairment loss

 

 

 —

 

 

(50,003)

 

 

 —

 

 

 —

 

 

(50,003)

 

 

$

445,582

 

$

80,843

 

$

 —

 

$

6,650

 

$

533,075

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Acquisitions

 

 

 —

 

 

50,272

 

 

294,676

 

 

 —

 

 

344,948

Foreign currency translation adjustments

 

 

72

 

 

1,467

 

 

3,659

 

 

 —

 

 

5,198

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance as of March 31, 2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross balance

 

$

445,654

 

$

182,585

 

$

298,335

 

$

6,650

 

$

933,224

Accumulated impairment loss

 

 

 —

 

 

(50,003)

 

 

 —

 

 

 —

 

 

(50,003)

 

 

$

445,654

 

$

132,582

 

$

298,335

 

$

6,650

 

$

883,221

 

 

 

 

 

 

 

 

 

 

 

 

 

Trade Names: indefinite-lived

 

    

North America (1)

    

Europe & Africa (2)

    

Total

 

 

(In thousands)

Balance as of  January 1, 2017

 

$

200

 

$

419

 

$

619

Foreign currency translation adjustments

 

 

 —

 

 

 6

 

 

 6

Balance as of March 31, 2017

 

$

200

 

$

425

 

$

625

 

(1)

The North America segment is comprised of the Company’s operations in the U.S., Canada, Mexico, and Puerto Rico, but excludes the recently acquired operations that DCPayments has in these regions.

(2)

The Europe & Africa segment is comprised of the Company’s operations in the U.K., Ireland, Germany, Poland, Spain, South Africa, and its ATM advertising business, i-design group limited (“i-design”), but excludes the recently acquired operations that DCPayments has in these regions.

(3)

The DCPayments segment is comprised of the Company’s operations in Australia, New Zealand, Canada, the U.K., and Mexico acquired on January 6, 2017 from DCPayments. For additional information, see Note 2. Acquisitions and Note 15. Segment Information.

(4)

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

 

Summary Of Intangible Assets Subject To Amortization

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31, 2017

 

December 31, 2016

 

    

Gross Carrying Amount

    

Accumulated Amortization

    

Net Carrying Amount

    

Gross Carrying Amount

    

Accumulated Amortization

    

Net Carrying Amount

 

 

(In thousands)

Merchant and bank-branding contracts/relationships

 

$

532,572

 

$

(264,789)

 

$

267,783

 

$

353,334

 

$

(248,428)

 

$

104,906

Trade names: definite-lived

 

 

26,529

 

 

(4,439)

 

 

22,090

 

 

11,618

 

 

(3,674)

 

 

7,944

Technology

 

 

10,853

 

 

(5,064)

 

 

5,789

 

 

10,718

 

 

(4,781)

 

 

5,937

Non-compete agreements

 

 

4,367

 

 

(4,116)

 

 

251

 

 

4,351

 

 

(4,057)

 

 

294

Revolving credit facility deferred financing costs

 

 

2,258

 

 

(870)

 

 

1,388

 

 

3,770

 

 

(2,240)

 

 

1,530

Total intangible assets with definite lives

 

$

576,579

 

$

(279,278)

 

$

297,301

 

$

383,791

 

$

(263,180)

 

$

120,611