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Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

Indefinite-Lived Intangible Assets

The following table summarizes information related to indefinite-lived intangible assets at December 31:


	December 31,
(In Thousands)	2021		2020
Trade Name	$	53,000	$	53,000
Goodwill1	306,212		288,801
Indefinite-lived Intangible Assets	$	359,212	$	341,801

1 As of December 31, 2021, the amount of goodwill related to Progressive Leasing and Four was $288.8 million and $17.4 million, respectively.

Definite-Lived Intangible Assets

The following table summarizes information related to definite-lived intangible assets at December 31:


	2021						2020
(In Thousands)	Gross		Accumulated Amortization		Net		Gross		Accumulated Amortization		Net
Acquired Internal-Use Software	$	14,000	$	(14,000)	$	—	$	14,000	$	(14,000)	$	—
Technology	72,550		(53,862)		18,688		68,550		(46,861)		21,689
Merchant Relationships	181,586		(116,498)		65,088		181,000		(101,268)		79,732
Other Intangibles1	587		(58)		529		—		—		—
Total	$	268,723	$	(184,418)	$	84,305	$	263,550	$	(162,129)	$	101,421

1 Other intangibles consists of the Four trade name.

Total amortization expense of definite-lived intangible assets included in operating expenses in the accompanying consolidated statements of earnings (loss) was $22.3 million, $22.1 million and $22.3 million during the years ended December 31, 2021, 2020 and 2019, respectively. As of December 31, 2021, estimated future amortization expense for the next five years related to definite-lived intangible assets is as follows:


(In Thousands)
2022	$	22,894
2023	22,747
2024	17,889
2025	16,001
2026	4,774