Goodwill and Intangible Assets (Tables)

9 Months Ended

Sep. 30, 2019

Goodwill and Intangible Assets

Schedule of intangible assets, net

	September 30,		December 31,
	2019		2018
	(In thousands)
Intangible assets with finite lives:
Merchant contract portfolios and customer relationships:
Gross carrying value	$	296,033	$	293,069
Accumulated amortization		(157,394)		(139,159)
Accumulated impairment losses		(7,089)		(5,658)
Foreign currency translation adjustment		(29,441)		(27,975)
Net		102,109		120,277
Marketing alliance agreements:
Gross carrying value		191,879		191,879
Accumulated amortization		(56,650)		(47,777)
Accumulated impairment losses		(11,920)		(7,585)
Foreign currency translation adjustment		(20,488)		(18,634)
Net		102,821		117,883
Trademarks, finite-lived:
Gross carrying value		29,493		28,657
Accumulated amortization		(12,536)		(10,748)
Foreign currency translation adjustment		(4,639)		(4,446)
Net		12,318		13,463
Internally developed and acquired software:
Gross carrying value		80,881		60,876
Accumulated amortization		(23,375)		(15,794)
Accumulated impairment losses		(10,190)		(9,324)
Foreign currency translation adjustment		(3,417)		(2,260)
Net		43,899		33,498
Non-competition agreements:
Gross carrying value		6,462		6,462
Accumulated amortization		(5,782)		(5,316)
Foreign currency translation adjustment		(2)		—
Net		678		1,146
Total finite-lived, net		261,825		286,267
Trademarks, indefinite-lived:
Gross carrying value		18,499		18,499
Accumulated impairment losses		(18,499)		(14,627)
Net		—		3,872
Total intangible assets, net	$	261,825	$	290,139

Schedule of estimated amortization expense

	Amount
	(In thousands)
Years ending:
2019 (remainder of the year)	$	12,400
2020		44,833
2021		40,015
2022		34,470
2023		26,951
2024 and thereafter		103,156
Total	$	261,825

Schedule of net intangible assets by segment

	September 30,		December 31,
	2019		2018
	(In thousands)
Intangible assets, net:
North America
Merchant contract portfolios and customer relationships	$	77,197	$	88,141
Marketing alliance agreements		71,975		76,590
Trademarks, finite-lived		3,187		2,585
Internally developed software		29,488		20,167
Non-competition agreements		639		1,089
Trademarks, indefinite-lived		—		3,872
Total		182,486		192,444
Europe
Merchant contract portfolios and customer relationships		24,912		32,136
Marketing alliance agreements		30,846		41,293
Trademarks, finite-lived		9,131		10,878
Internally developed software		14,411		13,331
Non-competition agreements		39		57
Total		79,339		97,695
Total intangible assets, net	$	261,825	$	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		25,030		40		25,070
Foreign currency translation adjustment		35		(6,593)		(6,558)
Goodwill, net as of September 30, 2019	$	265,902	$	105,621	$	371,523