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Goodwill and Other Intangible Assets
9 Months Ended
Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Other Intangible Assets
6.
Goodwill and Other Intangible Assets
Goodwill
The changes in goodwill during the first nine months of 2016 were as follows:
 
Fleet Solutions Segment
 
Travel and Corporate Solutions Segment
 
Health and Employee Benefit Solutions Segment
 
Total
Gross goodwill, January 1, 2016
$
735,770

 
$
38,134

 
$
350,321

 
$
1,124,225

Acquisition of EFS
602,423

 
116,556

 

 
718,979

Acquisition adjustments

 

 
502

 
502

Impact of foreign currency translation
8,617

 
(1,739
)
 
2,949

 
9,827

Gross goodwill, September 30, 2016
1,346,810

 
152,951

 
353,772

 
1,853,533

 
 
 
 
 
 
 
 
Accumulated impairment, January 1, 2016
(867
)
 
(10,480
)
 

 
(11,347
)
Impact of foreign currency translation
(40
)
 
(483
)
 

 
(523
)
Accumulated impairment, September 30, 2016
$
(907
)
 
$
(10,963
)
 
$

 
$
(11,870
)
 
 
 
 
 
 
 
 
Net goodwill, January 1, 2016
$
734,903

 
$
27,654

 
$
350,321

 
$
1,112,878

Net goodwill, September 30, 2016
$
1,345,903

 
$
141,988

 
$
353,772

 
$
1,841,663


The Company had no impairments to goodwill during the nine months ended September 30, 2016.
Other Intangible Assets
During the third quarter of 2016, management shortened the useful life of our preexisting over-the-road payment processing technology as a result of the EFS acquisition. We now expect to transition off of this software during the third quarter of 2017. This change in the estimated useful life of this intangible asset resulted in approximately $5.9 million of accelerated amortization during the quarter.
The changes in other intangible assets during the first nine months of 2016 were as follows:
 
Net
Carrying
Amount,
January 1,
2016
 
Acquisitions
 
Amortization
 
Transfers1
 
Impact of
foreign
currency
translation
 
Net Carrying
Amount, September 30, 2016
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Acquired software and developed technology
$
114,012

 
$
31,100

 
$
(16,516
)
 
$

 
$
348

 
$
128,944

Customer relationships
297,904

 
832,400

 
(36,520
)
 

 
2,287

 
1,096,071

Licensing agreements
27,398

 

 
(3,823
)
 

 
764

 
24,339

Patent
878

 

 
(113
)
 

 
(14
)
 
751

Trademarks and trade names
13,144

 
14,600

 
(2,094
)
 
11,000

 
(204
)
 
36,446

Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Trademarks and trade names
17,376

 

 

 
(11,000
)
 
197

 
6,573

Total
$
470,712

 
$
878,100

 
$
(59,066
)
 
$

 
$
3,378

 
$
1,293,124

1 During the third quarter of 2016, management reevaluated a trade name assigned to the Health and Employee Benefits Solutions segment, which was previously believed to have an indefinite life. As result, it was determined it is now probable that the trade name will not be renewed upon its 2024 expiration date. As such, this intangible asset will be amortized over its seven-year remaining estimated useful life.

The following table presents the estimated amortization expense related to the definite-lived intangible assets listed above for the remainder of 2016 and for each of the five succeeding fiscal years: 
Remaining 2016
$
33,420

2017
$
135,637

2018
$
119,493

2019
$
110,611

2020
$
102,706

2021
$
92,099


Other intangible assets, net consist of the following:
 
September 30, 2016
 
December 31, 2015
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
 
Gross
Carrying
Amount
 
Accumulated
Amortization
 
Net Carrying
Amount
Definite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Acquired software and developed technology
$
185,487

 
$
(56,543
)
 
$
128,944

 
$
155,182

 
$
(41,170
)
 
$
114,012

Customer relationships
1,227,953

 
(131,882
)
 
1,096,071

 
403,382

 
(105,478
)
 
297,904

Licensing agreements
32,793

 
(8,454
)
 
24,339

 
31,903

 
(4,505
)
 
27,398

Patent
2,524

 
(1,773
)
 
751

 
2,413

 
(1,535
)
 
878

Trademarks and trade names
41,696

 
(5,250
)
 
36,446

 
16,410

 
(3,266
)
 
13,144

 
$
1,490,453

 
$
(203,902
)
 
1,286,551

 
$
609,290

 
$
(155,954
)
 
453,336

Indefinite-lived intangible assets
 
 
 
 
 
 
 
 
 
 
 
Trademarks and trade names
 
 
 
 
6,573

 
 
 
 
 
17,376

Total
 
 
 
 
$
1,293,124

 
 
 
 
 
$
470,712