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Goodwill and Other Intangible Assets | 3 Months Ended
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Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill The Company's goodwill relates to the following reporting units:
(in thousands) | March 31, 2024 |  | December 31, 2023 |  |
SMB Payments | $ | 124,139 |  |  | $ | 124,139 |  |  |
Enterprise Payments | 244,712 |  |  | 244,712 |  |  |
Plastiq (B2B Payments) | 7,261 |  |  | 7,252 |  |  |
Total | $ | 376,112 |  |  | $ | 376,103 |  |  |
The following table summarizes the changes in the carrying value of goodwill:
(in thousands) | Amount
Balance at December 31, 2023 | $ | 376,103 |
Plastiq adjustment | 9 |
Balance at March 31, 2024 | $ | 376,112 |
As of March 31, 2024, the Company is not aware of any triggering events for impairment that have occurred since the last annual impairment test. Other Intangible Assets Other intangible assets consisted of the following:
| March 31, 2024 |  | Weighted-average Useful Life
(in thousands, except weighted-average data) | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |
Other intangible assets: |  |  |  |  |  |  |
ISO and referral partner relationships | $ | 182,339 |  |  | $ | (39,824) |  |  | $ | 142,515 |  |  | 14.6
Residual buyouts | 135,164 |  |  | (95,505) |  |  | 39,659 |  |  | 6.3
Customer relationships | 109,017 |  |  | (93,459) |  |  | 15,558 |  |  | 8.4
Merchant portfolios | 83,350 |  |  | (59,565) |  |  | 23,785 |  |  | 6.5
Technology | 57,639 |  |  | (23,989) |  |  | 33,650 |  |  | 8.7
Trade names | 7,104 |  |  | (2,713) |  |  | 4,391 |  |  | 10.6
Non-compete agreements | 3,390 |  |  | (3,390) |  |  | — |  |  | 0.0
Money transmission licenses(1) | 2,100 |  |  | — |  |  | 2,100 |  |  |
Total | $ | 580,103 |  |  | $ | (318,445) |  |  | $ | 261,658 |  |  | 9.6
(1)These assets have an indefinite useful life.
| December 31, 2023 |  | Weighted-average Useful Life
(in thousands, except weighted-average data) | Gross Carrying Value |  | Accumulated Amortization |  | Net Carrying Value |
Other intangible assets: |  |  |  |  |  |  |
ISO and referral partner relationships | $ | 182,339 |  |  | $ | (36,506) |  |  | $ | 145,833 |  |  | 14.7
Residual buyouts | 135,164 |  |  | (92,699) |  |  | 42,465 |  |  | 6.3
Customer relationships | 109,017 |  |  | (92,781) |  |  | 16,236 |  |  | 8.4
Merchant portfolios | 83,350 |  |  | (56,139) |  |  | 27,211 |  |  | 6.5
Technology | 57,639 |  |  | (22,712) |  |  | 34,927 |  |  | 9.0
Trade names | 7,104 |  |  | (2,526) |  |  | 4,578 |  |  | 11.7
Non-compete agreements | 3,390 |  |  | (3,390) |  |  | — |  |  | 0.0
Money transmission licenses(1) | 2,100 |  |  | — |  |  | 2,100 |  |  |
Total | $ | 580,103 |  |  | $ | (306,753) |  |  | $ | 273,350 |  |  | 9.7
(1)These assets have an indefinite useful life.
|  |  | Three Months Ended March 31,
(in thousands) |  |  |  |  | 2024 |  | 2023
Amortization expense(1) |  |  |  |  | $ | 12,083 |  |  | $ | 15,291 |
(1)Included in amortization expense is $0.4 million and $0.1 million as of March 31, 2024 and 2023, respectively, related to the amortization of certain contract acquisition costs. As of March 31, 2024, there were no impairment indicators present.

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 350 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350/tableOfContent + Details
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