XML 25 R14.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Goodwill and Other Intangibles | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangibles | Goodwill and Other Intangibles A summary of changes in the Company’s goodwill is as follows (in thousands):
|  | December 31, 2023 |  | Acquisitions 1 |  |  |  | Acquisition Accounting Adjustments |  | Foreign Currency |  | March 31, 2024
Goodwill |  | $ | 5,644,958 |  |  | $ | 77,846 |  |  |  |  | $ | 1,058 |  |  | $ | (50,130) |  |  | $ | 5,673,732 |
1 Reflects the recognition of goodwill assigned to the Vehicle Payments segment related to the Zapay acquisition completed by the Company during the three months ended March 31, 2024. As of March 31, 2024 and December 31, 2023, other intangibles consisted of the following (in thousands):
|  |  |  | March 31, 2024 |  | December 31, 2023
|  | Weighted- Avg Useful Lives (Years) |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Carrying Amount |  | Gross Carrying Amounts |  | Accumulated Amortization |  | Net Carrying Amount
Customer and vendor relationships |  | 16.2 |  | $ | 3,038,204 |  |  | $ | (1,542,504) |  |  | $ | 1,495,700 |  |  | $ | 3,044,522 |  |  | $ | (1,511,173) |  |  | $ | 1,533,349 |
Trade names and trademarks—indefinite lived |  | N/A |  | 436,204 |  |  | — |  |  | 436,204 |  |  | 440,900 |  |  | — |  |  | 440,900 |
Trade names and trademarks—other |  | 2.0 |  | 50,684 |  |  | (16,420) |  |  | 34,264 |  |  | 51,510 |  |  | (15,334) |  |  | 36,176 |
Software |  | 5.8 |  | 297,498 |  |  | (242,477) |  |  | 55,021 |  |  | 299,780 |  |  | (238,819) |  |  | 60,961 |
Non-compete agreements |  | 4.2 |  | 84,256 |  |  | (72,339) |  |  | 11,917 |  |  | 85,111 |  |  | (70,834) |  |  | 14,277 |
Total other intangibles |  |  |  | $ | 3,906,846 |  |  | $ | (1,873,740) |  |  | $ | 2,033,106 |  |  | $ | 3,921,823 |  |  | $ | (1,836,160) |  |  | $ | 2,085,663 |
N/A = Not Applicable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in foreign exchange rates resulted in $15.4 million decrease to the net carrying values of other intangibles in the three months ended March 31, 2024. Amortization expense related to intangible assets for the three months ended March 31, 2024 and 2023 was $55.8 million and $57.7 million, respectively.

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration