XML 24 R13.htm IDEA: XBRL DOCUMENT v3.24.1.u1
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
 3 Months Ended
Mar. 31, 2024
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 three months ended March 31, 2024 is presented below:
(in millions)
 
Acquired
Intangible
Assets
 
Goodwill
 
Total
Intangible
Assets
Balance as of December 31, 2023
 
$
167.6
 
$
847.5
 
$
1,015.1
Increases (decreases):
 
 
 
 
 
 
Acquisition
 
51.0
 
18.4
 
69.4
Amortization
 
(5.5
 )
 
—
 
(5.5
 )
Foreign currency exchange rate changes
 
(4.2
 )
 
(17.1
 )
 
(21.3
 )
Balance as of March 31, 2024
 
$
208.9
 
$
848.8
 
$
1,057.7

 

Of the total goodwill balance of $848.8 million as of March 31, 2024, $382.4 million relates to the Money Transfer Segment, $342.9 million relates to the EFT Processing Segment and the remaining $123.5 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of March 31, 2024, is expected to total $12.4 million for the remainder of 2024, $14.3 million for 2025, $14.0 million for 2026, $12.7 million for 2027, $12.3 million for 2028 and $12.3 million for 2029.