Intangible Assets

6 Months Ended

Jun. 30, 2017

(6) Intangible Assets

Intangible Assets with Indefinite Lives

The following tables present the net carrying amounts of the Company’s intangible assets with indefinite lives as of January 1, 2017 and June 30, 2017, as well as the changes in the net carrying amounts for the six months ended June 30, 2017 by segment (for additional information related to the Company’s segments, see Note 15. Segment Information).


	Goodwill
	North America		Europe & Africa		Australia & New Zealand		Total
	(In thousands)
Balance as of January 1, 2017
Gross balance	$	452,232	$	130,846	$	—	$	583,078
Accumulated impairment loss		—		(50,003)		—		(50,003)
	$	452,232	$	80,843	$	—	$	533,075

Acquisitions		103,265		96,062		151,638		350,965
Foreign currency translation adjustments		2,522		8,536		8,003		19,061

Balance as of June 30, 2017
Gross balance	$	558,019	$	235,444	$	159,641	$	953,104
Accumulated impairment loss		—		(50,003)		—		(50,003)
	$	558,019	$	185,441	$	159,641	$	903,101


	Trade Names: indefinite-lived
	North America		Europe & Africa		Total
	(In thousands)
Balance as of January 1, 2017	$	200	$	419	$	619
Foreign currency translation adjustments		—		23		23
Balance as of June 30, 2017	$	200	$	442	$	642

Intangible Assets with Definite Lives

The following table presents the Company’s intangible assets that were subject to amortization:


	June 30, 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	$	535,623	$	(281,552)	$	254,071	$	353,334	$	(248,428)	$	104,906
Trade names: definite-lived		21,425		(4,437)		16,988		11,618		(3,674)		7,944
Technology		10,875		(5,585)		5,290		10,718		(4,781)		5,937
Non-compete agreements		4,406		(4,197)		209		4,351		(4,057)		294
Revolving credit facility deferred financing costs		2,258		(987)		1,271		3,770		(2,240)		1,530
Total intangible assets with definite lives	$	574,587	$	(296,758)	$	277,829	$	383,791	$	(263,180)	$	120,611

- 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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