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