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GOODWILL AND LONG-LIVED ASSETS | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
GOODWILL AND LONG-LIVED ASSETS | GOODWILL AND LONG-LIVED ASSETS We performed an assessment in the first, second, and third quarters of 2023 and did not identify a triggering event that would have required us to test for impairment for such periods. We determined the impact to our business from the new variant of COVID-19 during the first quarter of 2022 and a downward revision of our forecast during the second quarter of 2022 required us to evaluate our goodwill and long-lived assets for impairment. Additionally, during the third quarter of 2022, we determined the carrying amount of one of our right-of-use-assets related to our 2020 Restructuring Plan may not be fully recoverable due to collectability of sublease income. For the first quarter of 2022, our interim quantitative assessment did not identify any goodwill or long-lived asset impairment. For the second quarter of 2022, we recognized $35.4 million of goodwill impairment within our International reporting unit, representing a full impairment of goodwill for that reporting unit. For the second and third quarters of 2022, we recognized long-lived asset impairment related to certain asset groups within our North America and International segments, which included impairment related to our 2020 Restructuring Plan. See details in the tables below and Note 9, Restructuring and Related Charges, for more information. In order to evaluate goodwill and long-lived assets for impairment in 2022, we compared the fair value of our two reporting units, North America and International, and our asset groups to their carrying values. In determining the fair values of our reporting units and asset groups, we used the discounted cash flow method under the income approach that uses Level 3 inputs. Goodwill As of September 30, 2023 and December 31, 2022, the balance of our goodwill was $178.7 million. There was no goodwill activity during the nine months ended September 30, 2023. All goodwill is within our North America segment, w hich had a negative carrying value as of September 30, 2023. Long-Lived Assets The following table summarizes impairment charges presented within the following line items on the Condensed Consolidated Statements of Operations for the three and nine months ended September 30, 2022 (in thousands):
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
Long-lived asset impairment |  |  |
North America | $ | — |  |  | $ | — |
International | — |  |  | 8,811 |
Total Long-lived asset impairment | — |  |  | 8,811 |
Restructuring and related charges |  |  |
North America | 1,769 |  |  | 1,769 |
International | — |  |  | 1,180 |
Total Restructuring and related charges | 1,769 |  |  | 2,949 |
Total impairment | $ | 1,769 |  |  | $ | 11,760 |
The following table summarizes long-lived asset impairment by asset type for the three and nine months ended September 30, 2022 (in thousands):
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022
Property, equipment and software, net |  |  |
Leasehold improvements | $ | — |  |  | $ | 1,632 |
Computer hardware | — |  |  | 1,323 |
Other property, equipment and software, net | — |  |  | 416 |
Total Property, equipment and software, net | — |  |  | 3,371 |
Right-of-use assets - operating leases, net | 1,769 |  |  | 8,389 |
Total long-lived asset impairment | $ | 1,769 |  |  | $ | 11,760 |
The following table summarizes intangible assets as of September 30, 2023 and December 31, 2022 (in thousands):
| September 30, 2023 |  | December 31, 2022
| Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |  | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value
Merchant relationships | $ | 18,061 |  |  | $ | 16,554 |  |  | $ | 1,507 |  |  | $ | 17,912 |  |  | $ | 14,327 |  |  | $ | 3,585 |
Trade names | 9,359 |  |  | 8,610 |  |  | 749 |  |  | 9,340 |  |  | 8,382 |  |  | 958 |
Patents | 13,750 |  |  | 7,250 |  |  | 6,500 |  |  | 13,341 |  |  | 6,701 |  |  | 6,640 |
Other intangible assets | 9,296 |  |  | 5,294 |  |  | 4,002 |  |  | 17,517 |  |  | 11,059 |  |  | 6,458 |
Total | $ | 50,466 |  |  | $ | 37,708 |  |  | $ | 12,758 |  |  | $ | 58,110 |  |  | $ | 40,469 |  |  | $ | 17,641 |
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 $2.0 million and $2.1 million for the three months ended September 30, 2023 and 2022 and $6.2 million and $6.4 million for the nine months ended September 30, 2023 and 2022. As of September 30, 2023, estimated future amortization expense related to intangible assets is as follows (in thousands):
Remaining amounts in 2023 | $ | 1,592 |
2024 | 4,334 |
2025 | 2,852 |
2026 | 1,988 |
2027 | 1,314 |
Thereafter | 678 |
Total | $ | 12,758 |

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