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Goodwill and Other Intangibles | 3 Months Ended
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Mar. 31, 2025
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, 2024 |  | Acquisitions 1 |  |  |  |  |  | Acquisition Accounting Adjustments |  | Foreign Currency |  | March 31, 2025
Goodwill |  | $ | 5,984,667 |  |  | $ | 116,718 |  |  |  |  |  |  | $ | 3,706 |  |  | $ | 86,596 |  |  | $ | 6,191,687 |
1 Reflects the recognition of preliminary goodwill assigned to the Vehicle Payments segment related to the Gringo acquisition completed by the Company during the three months ended March 31, 2025. At March 31, 2025, the Company's goodwill is presented net of accumulated impairment losses of $90.0 million, all of which were recorded during the year ended December 31, 2024. As of March 31, 2025 and December 31, 2024, other intangibles consisted of the following (in thousands):
|  |  |  | March 31, 2025 |  | December 31, 2024
|  | 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 |  | 16.7 |  | $ | 3,558,587 |  |  | $ | (1,706,292) |  |  | $ | 1,852,295 |  |  | $ | 3,476,642 |  |  | $ | (1,624,079) |  |  | $ | 1,852,563 |
Trade names and trademarks—indefinite lived |  | N/A |  | 419,810 |  |  | — |  |  | 419,810 |  |  | 410,391 |  |  | — |  |  | 410,391 |
Trade names and trademarks—other |  | 2.7 |  | 66,195 |  |  | (15,592) |  |  | 50,603 |  |  | 66,047 |  |  | (13,055) |  |  | 52,992 |
Software |  | 5.8 |  | 310,159 |  |  | (253,889) |  |  | 56,270 |  |  | 306,296 |  |  | (245,038) |  |  | 61,258 |
Non-compete agreements |  | 3.7 |  | 51,508 |  |  | (22,930) |  |  | 28,578 |  |  | 52,412 |  |  | (19,174) |  |  | 33,238 |
Total other intangibles |  |  |  | $ | 4,406,259 |  |  | $ | (1,998,703) |  |  | $ | 2,407,556 |  |  | $ | 4,311,788 |  |  | $ | (1,901,346) |  |  | $ | 2,410,442 |
N/A = Not Applicable |  |  |  |  |  |  |  |  |  |  |  |  |  |
Changes in foreign exchange rates resulted in a $22.3 million increase to the net carrying values of other intangibles in the three months ended March 31, 2025. Amortization expense related to intangible assets for the three months ended March 31, 2025 and 2024 was $63.7 million and $55.8 million, respectively. The future estimated amortization of intangible assets at March 31, 2025 is as follows (in thousands):
Remaining 2025 |  | $ | 176,658 |
2026 |  | 222,771 |
2027 |  | 211,340 |
2028 |  | 200,840 |
2029 |  | 184,567 |
Thereafter |  | 991,570 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-30/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 350 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/350-20/tableOfContent + Details
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