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Goodwill and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Changes in the carrying value of goodwill by segment were as follows (in thousands):


December 31, 2021	U.S. Pawn Segment		Latin America Pawn Segment		Retail POS Payment Solutions Segment		Total
Balance, beginning of year	$	802,148	$	175,233	$	—	$	977,381
Acquisitions (see Note 3)	59,645		—		503,106		562,751

Effect of foreign currency translation	—		(3,954)		—		(3,954)

Balance, end of year	$	861,793	$	171,279	$	503,106	$	1,536,178

December 31, 2020
Balance, beginning of year	$	771,311	$	177,332	$	—	$	948,643
Acquisitions (see Note 3)	28,978		4,456		—		33,434

Effect of foreign currency translation	—		(6,505)		—		(6,505)
Other adjustments	1,859		(50)		—		1,809
Balance, end of year	$	802,148	$	175,233	$	—	$	977,381

Definite Lived Intangible Assets Amortization

The following table summarizes the components of gross and net definite-lived intangible assets subject to amortization (in thousands):


	As of December 31,
	2021						2020
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Merchant relationships	$	194,000	$	(962)	$	193,038	$	—	$	—	$	—
Developed technology	99,400		(828)		98,572		—		—		—
Customer relationships	26,111		(25,174)		937		25,782		(23,918)		1,864
AFF trade name	10,200		(213)		9,987		—		—		—
Lessee relationships	1,500		(48)		1,452		—		—		—
	$	331,211	$	(27,225)	$	303,986	$	25,782	$	(23,918)	$	1,864

Schedule of Finite-Lived Intangible Assets

Intangible assets acquired and the respective useful lives assigned consist of the following (in thousands, except useful life):


			Useful Life
	AFF Acquisition		(In Years)
Merchant relationships	$	194,000	7
Developed technology	99,400		5
Trade name	10,200		2
Relationships with existing lessees	1,500		1

Total intangible assets	$	305,100

The following table details the remaining weighted-average amortization periods for the definite-lived intangible assets included in the table above:


			Weighted-Average Remaining Amortization Period (Years)
As of December 31, 2021
Merchant relationships			3.3
Developed technology			2.5
Customer relationships			1.6
Trade name			1.0
Lessee relationships			0.7
Total definite-lived intangible assets			3.0

Goodwill Future Amortization Expense

Estimated future amortization expense is as follows (in thousands):


2022	$	57,074
2023	56,914
2024	49,842
2025	48,188
2026	45,250
Thereafter	46,718
	$	303,986

Indefinite-Lived Intangible Assets

Indefinite-lived intangible assets as of December 31, 2021 and 2020 consist of the following (in thousands):


	As of December 31,
	2021		2020
Trade names	$	46,300	$	46,300
Pawn licenses (1)	36,648		34,237
Other indefinite-lived intangibles	1,250		1,250
	$	84,198	$	81,787

(1)Costs to renew licenses with indefinite lives are expensed as incurred and recorded in operating expenses in the consolidated statements of income.

The Company performed its annual assessment of indefinite-lived intangible assets and determined there was no impairment as of December 31, 2021 and 2020.