XML 41 R14.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Identifiable Intangible Assets and Goodwill | 3 Months Ended
--- | ---
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Identifiable Intangible Assets and Goodwill | Identifiable Intangible Assets and Goodwill The Company's identifiable intangible assets represent intangible assets acquired in acquisitions and software development costs. The components of identifiable intangible assets are:
(in thousands) | March 31, 2024 |  | December 31, 2023 |  |  |  | Estimated Useful Life |  | Weighted-Average Amortization Period
Acquired developed technology | $ | 138,000 |  |  | $ | 119,800 |  |  |  |  | 3 - 7 years |  | 4.80 years
Internally developed software costs | 37,346 |  |  | 36,876 |  |  |  |  | 3 years |  | 1.83 years
Customer relationships | 53,510 |  |  | 14,510 |  |  |  |  | 7 - 12 years |  | 10.50 years
Trade names | 1,410 |  |  | 1,410 |  |  |  |  | 2 - 5 years |  | 0.75 years
Non-competition agreements | 4,830 |  |  | 30 |  |  |  |  | 1 - 5 years |  | 5 years
| 235,096 |  |  | 172,626 |  |  |  |  |  |  |
Impact of currency translation on intangible assets | 581 |  |  | 1,399 |  |  |  |  |  |  |
Less: accumulated amortization | (94,590) |  |  | (88,259) |  |  |  |  |  |  |
| 141,087 |  |  | 85,766 |  |  |  |  |  |  |
Internally developed software costs not meeting general release threshold | 3,826 |  |  | 2,886 |  |  |  |  |  |  |
Trademarks, trade names (non-amortizable) | 12,800 |  |  | 6,200 |  |  |  |  | Indefinite |  |
| $ | 157,713 |  |  | $ | 94,852 |  |  |  |  |  |  |
Software costs placed into service during the three months ended March 31, 2024 and 2023, were $0.5 million and $0.9 million, respectively. The following table summarizes amortization expense for acquired developed technology and internally developed software:
|  | Three Months Ended March 31, |  |
(in thousands) |  | 2024 |  | 2023 |  |  |  |
Amortization of acquired developed technology |  | $ | 4,235 |  |  | $ | 4,078 |  |  |  |  |
Amortization of internally developed software |  | 1,326 |  |  | 1,735 |  |  |  |  |
Amortization of identifiable intangible assets recorded in cost of sales |  | 5,561 |  |  | 5,813 |  |  |  |  |
Amortization expense recorded in operating expenses |  | 932 |  |  | 464 |  |  |  |  |
Impact of foreign currency translation on intangible assets |  | 639 |  |  | (129) |  |  |  |  |
The expected future amortization of intangible assets, assuming straight-line amortization of capitalized software development costs and acquisition related intangibles, excluding software development costs not meeting the general release threshold, is as follows:
(in thousands) |
2024, remaining | $ | 21,973 |
2025 | 28,541 |
2026 | 25,665 |
2027 | 21,900 |
2028 | 12,323 |
Thereafter | 30,685 |
Total | $ | 141,087 |
Goodwill carried by the Restaurant/Retail and Government segments is as follows:
(in thousands) | 2024 |  | 2023 |
Beginning balance - January 1 | $ | 489,654 |  |  | $ | 486,762 |  |
Stuzo Acquisition | 132,140 |  |  | — |  |
Foreign currency translation | (2,162) |  |  | 321 |  |
Ending balance - March 31 | $ | 619,632 |  |  | $ | 487,083 |  |

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 -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration