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Supplemental balance sheet and cash flow information (Tables)
 9 Months Ended
Sep. 30, 2025
Inventories and supplies
Inventories and supplies – Inventories and supplies were comprised of the following:
(in thousands)September 30,
2025		December 31,
2024
Finished and semi-finished goods$27,649 $31,146 
Raw materials and supplies17,767 16,787 
Reserve for excess and obsolete items(11,506)(11,540)
Inventories and supplies, net of reserve$33,910 $36,393 
Revenue in excess of billings
Revenue in excess of billings – Revenue in excess of billings was comprised of the following:
(in thousands)September 30,
2025		December 31,
2024
Conditional right to receive consideration$21,239 $16,943 
Unconditional right to receive consideration(1)
13,950 9,798 
Revenue in excess of billings$35,189 $26,741 

(1) Represents revenues that are earned but not currently billable under the related contract terms.
Intangibles
Intangibles – Intangibles were comprised of the following:
 September 30, 2025December 31, 2024
(in thousands)Gross carrying amountAccumulated amortizationNet carrying amountGross carrying amountAccumulated amortizationNet carrying amount
Internal-use software$549,266 $(389,246)$160,020 $488,840 $(339,683)$149,157 
Customer lists/relationships319,586 (244,551)75,035 311,578 (223,272)88,306 
Partner relationships76,300 (22,621)53,679 76,252 (19,632)56,620 
Technology-based intangibles65,000 (35,208)29,792 65,000 (29,115)35,885 
Other20,300 (5,805)14,495 6,200 (5,115)1,085 
Intangibles$1,030,452 $(697,431)$333,021 $947,870 $(616,817)$331,053 
Estimated future amortization expense
Based on the intangibles in service as of September 30, 2025, estimated future amortization expense is as follows:
(in thousands)Estimated
amortization
expense
Remainder of 2025$27,027 
202681,861 
202753,680 
202832,329 
202919,021 
Goodwill
Goodwill – Changes in goodwill by reportable segment and in total were as follows for the nine months ended September 30, 2025:

(in thousands)Merchant ServicesB2B Payments
Data Solutions(1)
Print(1)
Total
Balance, December 31, 2024
$727,688 $160,431 $40,804 $493,814 $1,422,737 
Currency translation adjustment— — — 41 41 
Balance, September 30, 2025
$727,688 $160,431 $40,804 $493,855 $1,422,778 

(1) The Data Solutions and Print balances are net of accumulated impairment charges of $145,584 and $193,699, respectively, for each period.
Other non-current assets
Other non-current assets – Other non-current assets were comprised of the following:
(in thousands)September 30,
2025		December 31,
2024
Postretirement benefit plan asset$113,174 $107,524 
Prepaid product discounts(1)
32,750 32,847 
Cloud computing arrangement implementation costs32,290 42,470 
Deferred contract acquisition costs(2)
17,775 18,780 
Loans and notes receivable from distributors, net of allowance for credit losses(3)
9,408 10,789 
Other20,913 24,234 
Other non-current assets$226,310 $236,644 

(1) Amortization of prepaid product discounts was $24,490 for the nine months ended September 30, 2025 and $24,844 for the nine months ended September 30, 2024.
(2) Amortization of deferred contract acquisition costs was $8,832 for the nine months ended September 30, 2025 and $9,445 for the nine months ended September 30, 2024.

(3) Amount includes the non-current portion of loans and notes receivable. The current portion of these receivables is included in other current assets on the consolidated balance sheets and was $1,640 as of September 30, 2025 and $1,753 as of December 31, 2024. The allowance for credit losses was not material in either period.
Loans and notes receivable by credit quality Indicator
The following table presents loans and notes receivable from distributors, including the current portion, by credit quality indicator and by year of origination, as of September 30, 2025. There were no write-offs or recoveries recorded during the nine months ended September 30, 2025.

Loans and notes receivable from distributors amortized cost basis by origination year
(in thousands)202420232020PriorTotal
Risk rating:
1-2 internal grade$842 $282 $757 $9,899 $11,780 
3-4 internal grade— — — — — 
Loans and notes receivable$842 $282 $757 $9,899 $11,780 
Accrued liabilities
Accrued liabilities – Accrued liabilities were comprised of the following:
(in thousands)September 30,
2025		December 31,
2024
Employee cash bonuses, including sales incentives$34,953 $33,422 
Deferred revenue(1)
27,419 31,605 
Interest14,420 9,493 
Customer rebates13,997 10,100 
Consideration payable for asset purchases13,058 618 
Operating lease liabilities12,006 12,406 
Wages and payroll liabilities, including vacation7,796 10,321 
Prepaid product discounts3,973 2,583 
Restructuring and integration (Note 8)3,889 3,755 
Other42,215 35,290 
Accrued liabilities$173,726 $149,593 
 
(1) Revenue recognized for amounts included in deferred revenue at the beginning of the period was $25,828 for the nine months ended September 30, 2025 and $30,707 for the nine months ended September 30, 2024.
Supplemental cash flow information
Supplemental cash flow information – The reconciliation of cash, cash equivalents, restricted cash, and restricted cash equivalents to the consolidated statements of cash flows was as follows:
(in thousands)September 30,
2025		September 30,
2024
Cash and cash equivalents$25,803 $41,307 
Restricted cash and restricted cash equivalents included in settlement processing assets34,938 41,258 
Non-current restricted cash included in other non-current assets2,884 3,030 
Total cash, cash equivalents, restricted cash, and restricted cash equivalents$63,625 $85,595 
Trade accounts receivable [Member]  
Allowance for credit losses
Trade accounts receivable – Net trade accounts receivable was comprised of the following:
(in thousands)September 30,
2025		December 31,
2024
Trade accounts receivable – gross(1)
$199,497 $183,196 
Allowance for credit losses(9,564)(9,120)
Trade accounts receivable – net$189,933 $174,076 

(1) Includes unbilled receivables of $62,011 as of September 30, 2025 and $47,341 as of December 31, 2024.

Changes in the allowance for credit losses for the nine months ended September 30, 2025 and September 30, 2024 were as follows:
Nine Months Ended
September 30,
(in thousands)20252024
Balance, beginning of year$9,120 $6,541 
Bad debt expense4,980 12,040 
Write-offs and other(4,536)(7,375)
Balance, end of period$9,564 $11,206