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Goodwill and Other Intangible Assets (Tables) | 12 Months Ended
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Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes in Goodwill | The changes in goodwill during the period January 1 to December 31, 2021 were as follows:
(In thousands) | Fleet Solutions Segment |  | Travel and Corporate Solutions Segment |  | Health and Employee Benefit Solutions Segment |  | Total
Gross goodwill, January 1, 2021 | $ | 1,392,711 |  |  | $ | 751,398 |  |  | $ | 608,204 |  |  | $ | 2,752,313 |
Current year acquisition | — |  |  | — |  |  | 168,424 |  |  | 168,424 |
Measurement period adjustments | — |  |  | 78,426 |  |  | — |  |  | 78,426 |
Foreign currency translation | (12,139) |  |  | (14,792) |  |  | — |  |  | (26,931) |
Gross goodwill, December 31, 2021 | $ | 1,380,572 |  |  | $ | 815,032 |  |  | $ | 776,628 |  |  | $ | 2,972,232 |
Accumulated impairment, January 1, 2021 | $ | (54,240) |  |  | $ | (9,935) |  |  | $ | — |  |  | $ | (64,175) |
Accumulated impairment, December 31, 2021 | $ | (54,240) |  |  | $ | (9,935) |  |  | $ | — |  |  | $ | (64,175) |
Net goodwill, January 1, 2021 | $ | 1,338,471 |  |  | $ | 741,463 |  |  | $ | 608,204 |  |  | $ | 2,688,138 |
Net goodwill, December 31, 2021 | $ | 1,326,332 |  |  | $ | 805,097 |  |  | $ | 776,628 |  |  | $ | 2,908,057 |
The changes in goodwill during the period January 1 to December 31, 2020 were as follows:
(In thousands) | Fleet Solutions Segment |  | Travel and Corporate Solutions Segment |  | Health and Employee Benefit Solutions Segment |  | Total
Gross goodwill, January 1, 2020 | $ | 1,378,107 |  |  | $ | 455,007 |  |  | $ | 622,109 |  |  | $ | 2,455,223 |
2020 acquisitions | — |  |  | 291,884 |  |  | — |  |  | 291,884 |
Sale of subsidiary | (3,225) |  |  | — |  |  | (9,936) |  |  | (13,161) |
Foreign currency translation | 17,829 |  |  | 4,507 |  |  | (3,969) |  |  | 18,367 |
Gross goodwill, December 31, 2020 | $ | 1,392,711 |  |  | $ | 751,398 |  |  | $ | 608,204 |  |  | $ | 2,752,313 |
Accumulated impairment, January 1, 2020 | $ | (4,087) |  |  | $ | (9,935) |  |  | $ | — |  |  | $ | (14,022) |
Sale of subsidiary | 3,225 |  |  | — |  |  | — |  |  | 3,225 |
WEX Fleet Europe impairment | (53,378) |  |  | — |  |  | — |  |  | (53,378) |
Accumulated impairment, December 31, 2020 | $ | (54,240) |  |  | $ | (9,935) |  |  | $ | — |  |  | $ | (64,175) |
Net goodwill, January 1, 2020 | $ | 1,374,020 |  |  | $ | 445,072 |  |  | $ | 622,109 |  |  | $ | 2,441,201 |
Net goodwill, December 31, 2020 | $ | 1,338,471 |  |  | $ | 741,463 |  |  | $ | 608,204 |  |  | $ | 2,688,138 |
Definite-Lived Intangible Assets | Other intangible assets consist of the following:
| December 31, 2021 |  | December 31, 2020
(in thousands) | 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 | $ | 288,772 |  |  | $ | (192,715) |  |  | $ | 96,057 |  |  | $ | 327,134 |  |  | $ | (164,245) |  |  | $ | 162,889 |
Customer relationships | 1,888,735 |  |  | (733,008) |  |  | 1,155,727 |  |  | 1,842,709 |  |  | (608,178) |  |  | 1,234,531 |
Contractual rights 1 | 263,417 |  |  | (8,847) |  |  | 254,570 |  |  | — |  |  | — |  |  | — |
Licensing agreements | 145,718 |  |  | (41,378) |  |  | 104,340 |  |  | 152,805 |  |  | (35,010) |  |  | 117,795 |
Non-compete agreement | 2,150 |  |  | (251) |  |  | 1,899 |  |  | — |  |  | — |  |  | — |
Patent | 2,401 |  |  | (2,401) |  |  | — |  |  | 2,549 |  |  | (2,549) |  |  | — |
Trade names and brand names | 61,704 |  |  | (31,001) |  |  | 30,703 |  |  | 61,978 |  |  | (25,181) |  |  | 36,797 |
Total | $ | 2,652,897 |  |  | $ | (1,009,601) |  |  | $ | 1,643,296 |  |  | $ | 2,387,175 |  |  | $ | (835,163) |  |  | $ | 1,552,012 |
1 Contractual rights represent intangible rights to serve as custodian or sub-custodian to certain HSAs acquired from the HealthcareBank division of Bell Bank. See Note 4, Acquisitions for more information.
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense | The following table presents the estimated amortization expense related to the definite-lived intangible assets listed above for each of the next five fiscal years:
(in thousands) |
2022 | $ | 170,899 |
2023 | $ | 174,368 |
2024 | $ | 165,286 |
2025 | $ | 154,340 |
2026 | $ | 145,943 |

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