Goodwill and Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2019

Goodwill and Intangible Assets

Schedule of intangible assets, net

	June 30,		December 31,
	2019		2018
	(In thousands)
Intangible assets with finite lives:
Merchant contract portfolios:
Gross carrying value	$	293,069	$	293,069
Accumulated amortization		(151,399)		(139,159)
Accumulated impairment losses		(7,089)		(5,658)
Foreign currency translation adjustment		(26,464)		(27,975)
Net		108,117		120,277
Marketing alliance agreements:
Gross carrying value		191,879		191,879
Accumulated amortization		(53,742)		(47,777)
Accumulated impairment losses		(11,920)		(7,585)
Foreign currency translation adjustment		(17,645)		(18,634)
Net		108,572		117,883
Trademarks, finite-lived:
Gross carrying value		28,657		28,657
Accumulated amortization		(11,940)		(10,748)
Foreign currency translation adjustment		(4,366)		(4,446)
Net		12,351		13,463
Internally developed and acquired software:
Gross carrying value		69,213		60,876
Accumulated amortization		(20,224)		(15,794)
Accumulated impairment losses		(10,190)		(9,324)
Foreign currency translation adjustment		(2,372)		(2,260)
Net		36,427		33,498
Non-competition agreements:
Gross carrying value		6,462		6,462
Accumulated amortization		(5,627)		(5,316)
Net		835		1,146
Total finite-lived, net		266,302		286,267
Trademarks, indefinite-lived:
Gross carrying value		18,499		18,499
Accumulated impairment losses		(14,627)		(14,627)
Net		3,872		3,872
Total intangible assets, net	$	270,174	$	290,139

Schedule of estimated amortization expense

	Amount
	(In thousands)
Years ending:
2019 (remainder of the year)	$	24,535
2020		44,554
2021		39,653
2022		32,287
2023		25,528
2024 and thereafter		99,745
Total	$	266,302

Schedule of net intangible assets by segment

	June 30,		December 31,
	2019		2018
	(In thousands)
Intangible assets, net:
North America
Merchant contract portfolios	$	79,720	$	88,141
Marketing alliance agreements		74,695		76,590
Trademarks, finite-lived		2,457		2,585
Internally developed software		19,562		20,167
Non-competition agreements		789		1,089
Trademarks, indefinite-lived		3,872		3,872
Total		181,095		192,444
Europe
Merchant contract portfolios		28,397		32,136
Marketing alliance agreements		33,877		41,293
Trademarks, finite-lived		9,894		10,878
Internally developed software		16,865		13,331
Non-competition agreements		46		57
Total		89,079		97,695
Total intangible assets, net	$	270,174	$	290,139

Schedule of goodwill activity

	Reportable Segment
	North
	America		Europe		Total
	(In thousands)
Goodwill, gross, as of December 31, 2018	$	240,837	$	136,465	$	377,302
Accumulated impairment losses		—		(24,291)		(24,291)
Goodwill, net, as of December 31, 2018		240,837		112,174		353,011
Business combinations		—		40		40
Foreign currency translation adjustment		1,280		123		1,403
Goodwill, net as of June 30, 2019	$	242,117	$	112,337	$	354,454