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Goodwill and Acquired Intangible Assets, Net

3 Months Ended

Mar. 31, 2022

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, 2022 is presented below:

(in thousands)		Acquired Intangible Assets				Goodwill				Total Intangible Assets
Balance as of December 31, 2021		$	97,793			$	641,605			$	739,398
Increases (decreases):
Acquisition		122,455				212,183				334,638
Amortization		(5,617		)		—				(5,617		)
Foreign currency exchange rate changes		(141)				(7,547		)		(7,688		)
Balance as of March 31, 2022		$	214,490			$	846,241			$	1,060,731

Of the total goodwill balance of $846.2 million as of March 31, 2022, $388.1 million relates to the Money Transfer Segment, $331.5 million relates to the EFT Processing Segment and the remaining $126.6 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of March 31, 2022, is expected to total $22.3 million for the remainder of 2022, $25.1 million for 2023, $18.4 million for 2024, $15.0 million for 2025, $14.7 million for 2026 and $13.4 million for 2027.

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- References

No definition available.

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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

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