Business Acquisitions (Tables)

12 Months Ended

Dec. 31, 2020

Business Combinations [Abstract]

Business Combination, Segment Allocation

The following table summarizes the recognized intangible assets, goodwill and earn-out provisions, as a result of the cumulative valuation and purchase price allocations on effective date of acquisition, for the 2020 and 2019 acquisitions:

Company acquired	Date acquired	Goodwill		Intangibles Assets		Contingent Earn-Out Provision
		(In thousands)
Essel Forex	Jan-19	8,372		1,163		407
Zillious	Jan-19	9,489		1,875		1,515
Wallstreet Canada	Aug-19	71		—		—
Total for 2019 acquisitions		$	17,932	$	3,038	$	1,922
Trimax*	May-20	8,243		—		—
AssureEdge*	Oct-20	3,678		—		—
Total for 2020 acquisitions		$	11,921	$	—	$	—
*The valuation and purchase price allocation remains preliminary and will be finalized as soon as practicable but in no event longer than one year from the effective date of this transaction.

Schedule of Net Assets Acquired in Business Acquisitions

The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed, as of the acquisition date, for acquisitions closed during 2020 and 2019:

(In thousands)	2020		2019
Fair value of total consideration transferred
Cash	$	13,774	$	105,391
Consideration payable	1,827		—
Contingent earn-out consideration arrangement (net)	—		1,922
Total consideration transferred	15,601		107,313
Fair value of equity components recorded (not part of consideration)
Recognition of noncontrolling interest of joint ventures	1,350		(10,258)
Total equity components recorded	1,350		(10,258)
Total consideration transferred and equity components recorded	$	16,951	$	97,055
Fair value of assets acquired and liabilities assumed
Cash, net of adjustment	$	1,358	$	(75)
Other current assets	2,812		5,175
Property, plant, and equipment	4,021		231
Other long term assets	103		3,023
Intangible assets, definite lived	—		6,296
Capitalized software development costs	—		—
Deferred tax liability	—		12
Current and other liabilities, net of consideration transferred	(3,264)		63,721
Net assets acquired, excludes goodwill	5,030		78,383
Goodwill	11,921		18,672
Total net assets acquired	$	16,951	$	97,055

Schedule of Identified Intangible Assets Acquired as Part of Business Acquisitions

The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2020 and 2019:

	December 31,
	2020			2019
			Weighted Average			Weighted Average
Intangible asset category	Fair Value		Useful Life	Fair Value		Useful Life
	(In thousands)		(In years)	(In thousands)		(In years)
Customer relationships	$	—	0.0	$	3,042	7.5
Developed technology	—		0.0	851		7.0
Agent network	—		0.0	582		10.2
Airport contracts	—		0.0	—		0.0
Store networks	—		0.0	—		0.0
Brand	—		0.0	78		5.0
Branch network	—		0.0	1,743		10.0
Purchase accounting adjustments for prior year acquisitions	—		0.0	—		0.0
Total acquired intangible assets	$	—	0.0	$	6,296	8.0

Schedule of Intangible Assets, Future Amortization Expense

Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and all other prior acquisitions is as follows:

Future Amortization Expenses (In thousands):
For the year ended December 31, 2021	$	9,359
For the year ended December 31, 2022	8,967
For the year ended December 31, 2023	6,942
For the year ended December 31, 2024	5,155
For the year ended December 31, 2025	3,835
Thereafter	16,622
	$	50,880