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Goodwill
6 Months Ended
Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill

8. Goodwill

 

The following table presents changes to goodwill by business segment for the six months ended June 30, 2023.

 

($ in thousands)

 

Consumer Payments

 

 

Business Payments

 

 

Total

 

Balance at December 31, 2022

 

$

609,139

 

 

$

218,674

 

 

$

827,813

 

Dispositions

 

 

(35,270

)

 

 

 

 

 

(35,270

)

Balance at June 30, 2023

 

$

573,869

 

 

$

218,674

 

 

$

792,543

 

 

 

 

 

 

 

 

 

 

 

During the six months ended June 30, 2023, the Company recognized a reduction in goodwill of $35.3 million related to the disposition of BCS.

The Company concluded that goodwill was not impaired for either the Consumer Payments or Business Payments segment as of June 30, 2023. As of June 30, 2023 and December 31, 2022, there were no accumulated impairment losses for either the Consumer Payments or Business Payments segment.