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Goodwill and Acquired Intangible Assets, Net (Note) | 12 Months Ended
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Dec. 31, 2019
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET | Goodwill and Acquired Intangible Assets, Net Goodwill represents the excess of the purchase price of the acquired business over the estimated fair value of the underlying net tangible and intangible assets acquired. The following table summarizes intangible assets as of December 31, 2019 and 2018:
|  | As of December 31, 2019 |  | As of December 31, 2018
(in thousands) |  | Gross Carrying Amount |  | Accumulated Amortization |  | Gross Carrying Amount |  | Accumulated Amortization
Customer relationships |  | $ | 240,027 |  |  | $ | (139,319 | ) |  | $ | 199,581 |  |  | $ | (133,863 | )
Trademarks and trade names |  | 45,347 |  |  | (28,123 | ) |  | 45,233 |  |  | (25,837 | )
Software |  | 59,244 |  |  | (35,362 | ) |  | 58,515 |  |  | (29,420 | )
Non-compete agreements |  | 2,082 |  |  | (2,049 | ) |  | 2,076 |  |  | (1,800 | )
Total |  | $ | 346,700 |  |  | $ | (204,853 | ) |  | $ | 305,405 |  |  | $ | (190,920 | )
The following table summarizes the goodwill and amortizable intangible assets activity for the years ended December 31, 2019 and 2018:
(in thousands) |  | Acquired Intangible Assets |  | Goodwill |  | Total Intangible Assets
Balance as of January 1, 2018 |  | $ | 150,543 |  |  | $ | 717,386 |  |  | $ | 867,929 |
Increases (decreases): |  |  |  |  |  |  |  |  |
Acquisitions |  | — |  |  | 20,742 |  |  | 20,742 |
Impairment |  | (7,049 | ) |  | — |  |  | (7,049 | )
Amortization |  | (22,562 | ) |  | — |  |  | (22,562 | )
Other (primarily changes in foreign currency exchange rates) |  | (6,447 | ) |  | (33,931 | ) |  | (40,378 | )
Balance as of December 31, 2018 |  | 114,485 |  |  | 704,197 |  |  | 818,682 |
Increases (decreases): |  |  |  |  |  |
Acquisitions |  | 46,246 |  |  | 35,305 |  |  | 81,551 |
Impairment |  | — |  |  | — |  |  | — |
Amortization |  | (20,374 | ) |  | — |  |  | (20,374 | )
Other (primarily changes in foreign currency exchange rates) |  | 1,490 |  |  | 4,321 |  |  | 5,811 |
Balance as of December 31, 2019 |  | $ | 141,847 |  |  | $ | 743,823 |  |  | $ | 885,670 |
The Company performs its annual goodwill impairment test during the fourth quarter of each year. The annual goodwill impairment test completed during the fourth quarter of 2019 resulted in no impairment charges. During the fourth quarter of 2018, the Company recorded a $7.0 million non-cash impairment charge for acquired intangible assets, specifically the HiFX trade name, related to rebranding the HiFX business to xe. Of the total goodwill balance of $743.8 million as of December 31, 2019, $474.7 million relates to the Money Transfer Segment, $128.9 million relates to the epay Segment and the remaining $140.2 million relates to the EFT Processing Segment. Amortization expense for intangible assets with finite lives was $20.4 million, $22.6 million and $24.5 million for the years ended December 31, 2019, 2018 and 2017, respectively. Estimated annual amortization expense, before income taxes, on intangible assets with finite lives as of December 31, 2019, is expected to total $23.1 million for 2020, $22.2 million for 2021, $21.1 million for 2022, $16.3 million for 2023 and $9.8 million for 2024.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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