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Goodwill and Acquired Intangible Assets, Net
 6 Months Ended
Jun. 30, 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 six months ended June 30, 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
 
(13,325
 )
 
—
 
(13,325
 )
Foreign currency exchange rate changes
 
(9,642
 )
 
(45,940
 )
 
(55,582
 )
Balance as of June 30, 2022
 
$
197,281
 
$
807,848
 
$
1,005,129

 

Of the total goodwill balance of $807.8 million as of June 30, 2022, $371.5 million relates to the Money Transfer Segment, $315.1 million relates to the EFT Processing Segment and the remaining $121.2 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of June 30, 2022, is expected to total $13.9 million for the remainder of 2022, $23.7 million for 2023, $17.6 million for 2024, $14.4 million for 2025, $14.0 million for 2026 and $12.8 million for 2027.