Goodwill and Other Intangible Assets

9 Months Ended

Sep. 30, 2014

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets [Text Block]

Note 7: Goodwill and Other Intangible Assets

Goodwill

The carrying amount of goodwill was as follows:



Dollars in thousands	September 30, 2014		December 31, 2013
Goodwill	$	559,307	$	559,307

Other Intangible Assets

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



Dollars in thousands	Amortization Period	September 30, 2014			December 31, 2013
Retailer relationships	5 - 10 years	$	53,295		$	53,295
Accumulated amortization		(22,197		)	(17,768		)
Retailer relationships, net		31,098			35,527
Developed technology	5 years	34,000			34,000
Accumulated amortization		(7,933		)	(2,833		)
Developed technology, net		26,067			31,167
Other	1 - 40 years	16,800			16,800
Accumulated amortization		(5,948		)	(4,111		)
Other, net		10,852			12,689
Total intangible assets, net		$	68,017		$	79,383

Amortization expense was as follows:



	Three Months Ended				Nine Months Ended
	September 30,				September 30,
Dollars in thousands	2014		2013		2014		2013
Retailer relationships	$	1,358	$	1,568	$	4,429	$	4,713
Developed technology	1,700		1,133		5,100		1,133
Other	613		490		1,837		1,239
Total amortization of intangible assets	$	3,671	$	3,191	$	11,366	$	7,085

Assuming no future impairment, the expected future amortization as of September 30, 2014 is as follows:



Dollars in thousands	Retailer Relationships		Developed Technology		Other		Total
Remainder of 2014	$	1,003	$	1,700	$	612	$	3,315
2015	4,012		6,800		2,419		13,231
2016	4,012		6,800		2,307		13,119
2017	4,012		6,800		2,285		13,097
2018	4,012		3,967		1,664		9,643
2019	4,012		—		801		4,813
Thereafter	10,035		—		764		10,799
Total expected amortization	$	31,098	$	26,067	$	10,852	$	68,017

- 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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