XML 23 R11.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill and Other Intangible Assets | 9 Months Ended
--- | ---
Sep. 30, 2018
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill, allocated by reportable segments, were as follows (See Note 14):
(In thousands) |  | Payment Services - Puerto Rico & Caribbean |  | Payment Services - Latin America |  | Merchant Acquiring, net |  | Business Solutions |  | Total
Balance at December 31, 2017 |  | $ | 160,972 |  |  | $ | 53,659 |  |  | $ | 138,121 |  |  | $ | 45,823 |  |  | $ | 398,575 |
Foreign currency translation adjustments |  | — |  |  | (2,540 | ) |  | — |  |  | — |  |  | (2,540 | )
Balance at September 30, 2018 |  | $ | 160,972 |  |  | $ | 51,119 |  |  | $ | 138,121 |  |  | $ | 45,823 |  |  | $ | 396,035 |
Goodwill is tested for impairment on an annual basis as of August 31, or more often if events or changes in circumstances indicate there may be impairment. The Company may test for goodwill impairment using a qualitative or a quantitative analysis. In the quantitative analysis, the Company compares the estimated fair value of the reporting units to their carrying values, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the fair value does not exceed the carrying value, an impairment loss equaling the excess amount is recorded, limited to the recorded balance of goodwill. No impairment losses were recognized for the nine months ended September 30, 2018 or 2017. The carrying amount of other intangible assets at September 30, 2018 and December 31, 2017 was as follows:
|  |  |  | September 30, 2018
(Dollar amounts in thousands) |  | Useful life in years |  | Gross amount |  | Accumulated amortization |  | Net carrying amount
Customer relationships |  | 8 - 14 |  | $ | 343,276 |  |  | $ | (188,027 | ) |  | $ | 155,249 |
Trademark |  | 2 - 15 |  | 41,671 |  |  | (27,996 | ) |  | 13,675 |
Software packages |  | 3 - 10 |  | 213,368 |  |  | (147,933 | ) |  | 65,435 |
Non-compete agreement |  | 15 |  | 56,539 |  |  | (30,154 | ) |  | 26,385 |
Other intangible assets, net |  |  |  | $ | 654,854 |  |  | $ | (394,110 | ) |  | $ | 260,744 |
|  |  |  | December 31, 2017
(Dollar amounts in thousands) |  | Useful life in years |  | Gross amount |  | Accumulated amortization |  | Net carrying amount
Customer relationships |  | 8 - 14 |  | $ | 344,175 |  |  | $ | (168,134 | ) |  | $ | 176,041 |
Trademark |  | 2 - 15 |  | 41,594 |  |  | (25,241 | ) |  | 16,353 |
Software packages |  | 3 - 10 |  | 195,262 |  |  | (136,907 | ) |  | 58,355 |
Non-compete agreement |  | 15 |  | 56,539 |  |  | (27,327 | ) |  | 29,212 |
Other intangible assets, net |  |  |  | $ | 637,570 |  |  | $ | (357,609 | ) |  | $ | 279,961 |
For the three and nine months ended September 30, 2018, the Company recorded amortization expense related to other intangibles of $11.9 million and $36.4 million, respectively, compared to $12.7 million and $36.9 million for the corresponding 2017 periods. During the third quarter of 2017, the Company recognized an impairment charge of $6.5 million through cost of revenues for a third party software solution that was no longer commercially viable. In connection with this exit activity, the Company accrued $5.3 million for ongoing contractual fees, also through cost of revenues and recognized maintenance expense of $1.0 million. Both the liability and the impairment charge affected the Company's Merchant Acquiring segment and Payment Processing segments. The estimated amortization expense of the balances outstanding at September 30, 2018 for the next five years is as follows:
(Dollar amounts in thousands)
Remaining 2018 |  | $ | 12,870 |
2019 |  | 45,128 |
2020 |  | 39,925 |
2021 |  | 35,202 |
2022 |  | 33,132 |

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration