XML 23 R14.htm IDEA: XBRL DOCUMENT
v3.22.2

Intangible Assets and Goodwill | 6 Months Ended
--- | ---
Jun. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract] |
Intangible Assets and Goodwill | 8. Intangible Assets and Goodwill Intangible Assets The following table presents information about capitalized software development costs:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
Capitalized software development costs |  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Capitalized |  | $ | 4,791 |  |  | $ | 4,171 |  |  | $ | 9,335 |  |  | $ | 8,078 |
Amortized |  |  | 2,951 |  |  |  | 2,690 |  |  |  | 5,492 |  |  |  | 5,263 |
On January 14, 2022, the Company entered into an asset purchase agreement for a customer list and a non-compete agreement from PayClearly, a U.S.-based company. This acquisition increases the number of the Company's customers in the media payments business. The Company paid cash consideration of $7,000 to purchase the assets and incurred transaction costs of $165 which were recorded as cost of the acquired assets. Consideration includes aggregate payments of $400 to be paid in four annual payments of $100 for the next four years. Total consideration of $7,165 was allocated based on relative fair value of the acquired assets resulting in $3,071 allocated to the customer list and $4,094 allocated to the non-compete agreement. The costs of the acquired assets will be amortized over the useful lives of the customer list and non-compete agreement which were estimated to be five years.
|  | June 30, 2022 |
|  | Weighted Average |  | Gross |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Amount |  |  | Amortization |  |  | Net Amount |
Internally developed software |  | 3 Years |  | $ | 77,369 |  |  | $ | (52,967 | ) |  | $ | 24,402 |
Non-compete |  | 4 Years |  |  | 6,194 |  |  |  | (1,249 | ) |  |  | 4,945 |
Customer relationships |  | 9 Years |  |  | 72,512 |  |  |  | (25,191 | ) |  |  | 47,321 |
Technology |  | 7 Years |  |  | 45,791 |  |  |  | (24,382 | ) |  |  | 21,409 |
Trade name |  | 10 Years |  |  | 7,747 |  |  |  | (1,689 | ) |  |  | 6,058 |
Total intangible assets |  |  |  | $ | 209,613 |  |  | $ | (105,478 | ) |  | $ | 104,135 |
|  | December 31, 2021 |
|  | Weighted Average |  | Gross |  |  | Accumulated |  |  |  |
|  | Useful Life |  | Amount |  |  | Amortization |  |  | Net Amount |
Internally developed software |  | 3 Years |  | $ | 68,033 |  |  | $ | (47,475 | ) |  | $ | 20,558 |
Non-compete |  | 3 Years |  |  | 2,100 |  |  |  | (420 | ) |  |  | 1,680 |
Customer relationships |  | 9 Years |  |  | 69,442 |  |  |  | (21,091 | ) |  |  | 48,351 |
Technology |  | 7 Years |  |  | 45,791 |  |  |  | (22,329 | ) |  |  | 23,462 |
Trade name |  | 10 Years |  |  | 7,747 |  |  |  | (1,343 | ) |  |  | 6,404 |
Total intangible assets |  |  |  | $ | 193,113 |  |  | $ | (92,658 | ) |  | $ | 100,455 |
Total amortization expense associated with identifiable intangible assets was as follows:
|  | Three Months Ended June 30, |  |  | Six Months Ended June 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Total amortization expense associated with identifiable intangible assets |  | $ | 6,687 |  |  | $ | 5,442 |  |  | $ | 12,821 |  |  | $ | 10,768 |
Goodwill There were no changes in goodwill during the six months ended June 30, 2022.

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 https://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration