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Goodwill and Acquired Intangible Assets, Net

9 Months Ended

Sep. 30, 2022

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

A summary of acquired intangible assets and goodwill activity for the nine months ended September 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		(20,164		)		—				(20,164		)
Foreign currency exchange rate changes		(19,827		)		(89,008		)		(108,835		)
Balance as of September 30, 2022		$	180,257			$	764,780			$	945,037

Of the total goodwill balance of $764.8 million as of September 30, 2022, $351.3 million relates to the Money Transfer Segment, $298.6 million relates to the EFT Processing Segment and the remaining $114.9 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of September 30, 2022, is expected to total $6.6 million for the remainder of 2022, $22.3 million for 2023, $16.6 million for 2024, $13.6 million for 2025, $13.3 million for 2026 and $12.1 million for 2027.

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- References

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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 https://asc.fasb.org/topic&trid=2144416

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