Goodwill And Other Intangible Assets (Notes)

9 Months Ended

Sep. 30, 2013

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets [Text Block]

GOODWILL AND OTHER INTANGIBLE ASSETS

Goodwill

The carrying amount of goodwill was as follows:



Dollars in thousands
Goodwill balance at December 31, 2012	$	309,860
Purchase price allocation adjustment	(14,766		)
Adjusted balance at December 31, 2012	295,094
Goodwill from acquisition of ecoATM	$	264,213
Goodwill balance at September 30, 2013	$	559,307

During the second quarter of 2013, we finalized the purchase price allocation associated with the NCR Asset Acquisition resulting in a $14.8 million decrease in Goodwill. During the third quarter of 2013 we acquired ecoATM resulting in a $264.2 million increase in Goodwill. See Note 4: Business Combinations for more information.

Other Intangible Assets

The gross amount of our other intangible assets and the related accumulated amortization were as follows:



	Amortization Period	September 30,			December 31,
Dollars in thousands	Amortization Period	2013			2012
Retailer relationships	5 - 10 years	$	53,344		$	53,344
Accumulated amortization		(16,231		)	(11,518		)
		37,113			41,826
Developed technology	5 years	34,000			—
Accumulated amortization		(1,133		)	—
		32,867			—
Other	1 - 40 years	16,827			9,404
Accumulated amortization		(3,500		)	(2,261		)
		13,327			7,143
Intangible assets, net		$	83,307		$	48,969

Amortization expense was as follows:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Dollars in thousands	2013		2012		2013		2012
Retailer relationships	$	1,568	$	1,614	$	4,713	$	2,843
Developed technology	1,133		—		1,133		—
Other	490		405		1,239		487
Total amortization of intangible assets	$	3,191	$	2,019	$	7,085	$	3,330

During the third quarter of 2013 we acquired ecoATM resulting in a $41.4 million increase in Other Intangible Assets. See Note 4: Business Combinations for more information.

Assuming no future impairment, the expected future amortization as of September 30, 2013 is as follows:



Dollars in thousands	Retailer Relationships		Developed Technology		Other
Remainder of 2013	$	1,537	$	1,700	$	615
2014	5,432		6,800		2,454
2015	4,012		6,800		2,419
2016	4,012		6,800		2,307
2017	4,012		6,800		2,285
2018	4,012		3,967		1,664
Thereafter	14,096		—		1,583
Total expected amortization	$	37,113	$	32,867	$	13,327

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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