XML 24 R13.htm IDEA: XBRL DOCUMENT v3.21.1
Goodwill and Acquired Intangible Assets, Net
3 Months Ended
Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]  
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2021 is presented below:
(in thousands)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2020
 
$
121,883

 
$
665,821

 
$
787,704

Decreases:
 
 
 
 
 
 
Acquisition
 

 
 

Amortization
 
(5,789
)
 

 
(5,789
)
Foreign currency exchange rate changes
 
(1,326
)
 
(12,693
)
 
(14,019
)
Balance as of March 31, 2021
 
$
114,768

 
$
653,128

 
$
767,896

Of the total goodwill balance of $653.1 million as of March 31, 2021$398.0 million relates to the Money Transfer Segment, $132.3 million relates to the epay Segment and the remaining $122.8 million relates to the EFT Processing Segment. Estimated amortization expense on acquired intangible assets with finite lives as of March 31, 2021, is expected to total $17.0 million for the remainder of 2021, $21.5 million for 2022, $16.6 million for 2023, $9.8 million for 2024, $6.4 million for 2025 and $6.2 million for 2026.