GOODWILL AND LONG-LIVED ASSETS

3 Months Ended

Mar. 31, 2021

Goodwill and Intangible Assets Disclosure [Abstract]

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