Goodwill and Other Intangible Assets

3. GOODWILL AND OTHER INTANGIBLE ASSETS

The following table summarizes the Company's goodwill activity for the nine months ended September 30, 2012 (in thousands):



	North America			International			Consolidated
Balance as of December 31, 2011	$	40,731		$	126,172		$	166,903
Goodwill related to acquisitions	32,557			—			32,557
Other adjustments⁽¹⁾	(1,254		)	(1,228		)	(2,482		)
Balance as of September 30, 2012	$	72,034		$	124,944		$	196,978


(1)	Includes changes in foreign exchange rates for goodwill and purchase accounting adjustments.

The following table summarizes the Company's other intangible assets (in thousands):



	As of December 31, 2011
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Subscriber relationships	$	41,272	$	12,882	$	28,390
Merchant relationships	6,600		6,600		—
Trade names	5,801		5,801		—
Developed technology	5,583		2,151		3,432
Other intangible assets	15,420		1,575		13,845
Total	$	74,676	$	29,009	$	45,667



	As of September 30, 2012
Asset Category	Gross Carrying Value		Accumulated Amortization		Net Carrying Value
Subscriber relationships	$	41,161	$	18,853	$	22,308
Merchant relationships	7,920		6,550		1,370
Trade names	5,751		5,751		—
Developed technology	25,422		9,432		15,990
Other intangible assets	15,469		3,690		11,779
Total	$	95,723	$	44,276	$	51,447

Amortization expense for these intangible assets was $3.4 million and $5.6 million for the three months ended September 30, 2011 and 2012, respectively, and $14.1 million and $15.6 million for the nine months ended September 30, 2011 and 2012, respectively.

As of September 30, 2012, the Company's estimated future amortization expense of these intangible assets was as follows (in thousands):



Year Ending December 31, 2011
Remaining amounts in 2012	$	6,199
2013	22,933
2014	13,703
2015	6,949
2016	1,663
Thereafter	—
	$	51,447

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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