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GOODWILL AND LONG-LIVED ASSETS | 3 Months Ended
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Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND LONG-LIVED ASSETS | GOODWILL AND LONG-LIVED ASSETS During the first quarter 2020, the significant deterioration in our financial performance due to the disruption in our operations from COVID-19 and the sustained decrease in our stock price required us to evaluate our goodwill and long-lived assets for impairment. In determining fair values for our reporting units, we used the discounted cash flow method and the market multiple valuation approach that use Level 3 inputs. For the three months ended March 31, 2020, we recognized $109.5 million of goodwill impairment and $22.4 million of long-lived asset impairment within our International segment related to our EMEA operations. Future events and changing market conditions due to the impact of COVID-19 could require us to re-evaluate the estimates used in our fair value measurements, potentially resulting in additional impairment of long-lived assets or goodwill in future periods. The following table summarizes impairment for long-lived assets by asset type for the three months ended March 31, 2020 (in thousands):
| Impairment
Property, equipment and software, net |
Furniture and fixtures | $ | 413 |
Leasehold improvements | 2,806 |
Office equipment | 198 |
Purchased software | 14 |
Computer hardware | 2,842 |
Right-of-use assets - finance leases, net | 1,318 |
Capitalized software | 304 |
Internally-developed software | 2,988 |
Total Property, equipment and software, net | $ | 10,883 |
Right-of-use assets - operating leases, net | 10,494 |
Intangible assets, net | 103 |
Other non-current assets | 871 |
Total long-lived assets | $ | 22,351 |
The following table summarizes goodwill activity by segment for the three months ended March 31, 2021 (in thousands):
| North America |  | International |  | Consolidated
Balance as of December 31, 2020 | $ | 178,685 |  |  | $ | 36,014 |  |  | $ | 214,699 |
Other (1) | — |  |  | 3,776 |  |  | 3,776 |
Foreign currency translation | — |  |  | (1,111) |  |  | (1,111) |
Balance as of March 31, 2021 | $ | 178,685 |  |  | $ | 38,679 |  |  | $ | 217,364 |
(1)Represents the reclassification between Right-of-use assets - operating leases, net and Goodwill due to an adjustment in the allocation of impairments recorded in 2020 between those two accounts. The following table summarizes intangible assets as of March 31, 2021 and December 31, 2020 (in thousands):
| March 31, 2021 |  | December 31, 2020
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Merchant relationships | $ | 20,378 |  |  | $ | 10,187 |  |  | $ | 10,191 |  |  | $ | 20,208 |  |  | $ | 9,236 |  |  | $ | 10,972 |
Trade names | 9,671 |  |  | 8,009 |  |  | 1,662 |  |  | 9,651 |  |  | 7,921 |  |  | 1,730 |
Developed technology | 1,688 |  |  | 1,585 |  |  | 103 |  |  | 2,121 |  |  | 1,863 |  |  | 258 |
Patents | 11,104 |  |  | 4,859 |  |  | 6,245 |  |  | 10,813 |  |  | 4,697 |  |  | 6,116 |
Other intangible assets | 17,829 |  |  | 7,346 |  |  | 10,483 |  |  | 17,823 |  |  | 6,748 |  |  | 11,075 |
Total | $ | 60,670 |  |  | $ | 31,986 |  |  | $ | 28,684 |  |  | $ | 60,616 |  |  | $ | 30,465 |  |  | $ | 30,151 |
Amortization of intangible assets is computed using the straight-line method over their estimated useful lives, which range from 1 to 10 years. Amortization expense related to intangible assets was $2.3 million and $2.5 million for the three months ended March 31, 2021 and 2020. As of March 31, 2021, estimated future amortization expense related to intangible assets is as follows (in thousands):
Remaining amounts in 2021 | $ | 6,412 |
2022 | 8,130 |
2023 | 6,952 |
2024 | 3,219 |
2025 | 1,627 |
Thereafter | 2,344 |
Total | $ | 28,684 |

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- 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 http://asc.fasb.org/topic&trid=2144416 + Details
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