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GOODWILL

9 Months Ended

Sep. 30, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL

GOODWILL

Goodwill is recorded when the consideration paid for an acquisition of a business exceeds the fair value of identifiable net tangible and intangible assets acquired.

The change in carrying value of goodwill in the period was as follows (in thousands):

Balance at December 31, 2020			$	316,701
Acquisitions			203,247
Other			(400)
Balance at September 30, 2021			$	519,548

The Company performs an annual goodwill impairment test on December 31 and more frequently if events and circumstances indicate that the asset might be impaired.

The Company has two operating and reportable segments, which are Seller and Cash App (defined further in Note 19, Segment and Geographical Information). The change in carrying value of goodwill allocated to the reportable segments in the period was as follows (in thousands):

			Cash App						Seller						Corporate and Other						Total
Balance at December 31, 2020			$	128,838					$	187,863					$	—					$	316,701
Acquisitions			—						5,194						198,053						203,247
Other			(400)						—						—						(400)
Balance at September 30, 2021			$	128,438					$	193,057					$	198,053					$	519,548

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- References

No definition available.

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- Definition

The entire disclosure for goodwill.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-URI http://asc.fasb.org/subtopic&trid=2144439

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