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Goodwill and Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill

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.

Summary of Identifiable 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.

Estimated Future Amortization Expense

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

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Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
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Tabular disclosure of goodwill and intangible assets, which may be broken down by segment or major class.

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Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

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-Name Accounting Standards Codification
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