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Goodwill and Other Intangible Assets - (Tables)
 3 Months Ended
Mar. 31, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill
The Company's goodwill relates to the following reporting units:
(in thousands)March 31, 2024December 31, 2023
SMB Payments$124,139 $124,139 
Enterprise Payments244,712 244,712 
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 adjustment9 
Balance at March 31, 2024
$376,112 
Schedule of Other Intangible Assets
Other intangible assets consisted of the following:
March 31, 2024Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Other intangible assets:
ISO and referral partner relationships$182,339 $(39,824)$142,515 14.6
Residual buyouts135,164 (95,505)39,659 6.3
Customer relationships109,017 (93,459)15,558 8.4
Merchant portfolios83,350 (59,565)23,785 6.5
Technology57,639 (23,989)33,650 8.7
Trade names7,104 (2,713)4,391 10.6
Non-compete agreements3,390 (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, 2023Weighted-average
Useful Life
(in thousands, except weighted-average data)Gross Carrying ValueAccumulated AmortizationNet Carrying Value
Other intangible assets:
ISO and referral partner relationships$182,339 $(36,506)$145,833 14.7
Residual buyouts135,164 (92,699)42,465 6.3
Customer relationships109,017 (92,781)16,236 8.4
Merchant portfolios83,350 (56,139)27,211 6.5
Technology57,639 (22,712)34,927 9.0
Trade names7,104 (2,526)4,578 11.7
Non-compete agreements3,390 (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)20242023
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.