Acquisitions (Tables)

12 Months Ended

Dec. 31, 2018

Federated

Acquisitions

Schedule of allocation of purchase price

	Estimated
	Fair Value		Measurement
	as Previously		Period		Fair Value
	Reported		Adjustments		as Adjusted
	9/30/2018				12/31/2018
	(In thousands)
Tangible assets acquired	$	1,863	$	(161)	$	1,702
Deferred tax liability		—		(1,357)		(1,357)
Amortizable intangible assets
Trademarks		2,650		(1,450)		1,200
Merchant contract portfolios		19,036		(7,636)		11,400
Goodwill		23,328		10,349		33,677
Total net assets acquired	$	46,877	$	(255)	$	46,622

Sterling Payment Technologies, LLC

Acquisitions

Schedule of allocation of purchase price

	As of the
	acquisition
	date
	(In thousands)
Cash and cash equivalents	$	601
Accounts receivable		945
Prepaid expenses and other		905
Inventory		851
Equipment and improvements		2,711
Amortizable intangible assets
Trademarks		14,400
Internally developed software		7,300
Non-competition agreements		6,200
Merchant contract portfolios		27,300
Marketing alliance agreements		30,200
Accounts payable and accrued expenses		(2,626)
Total net fair value excluding goodwill		88,787
Goodwill		107,978
Total purchase price	$	196,765