XML 28 R16.htm IDEA: XBRL DOCUMENT
v3.10.0.1

Goodwill And Intangible Assets, Net | 3 Months Ended
--- | ---
Sep. 30, 2018
Goodwill And Intangible Assets, Net [Abstract] |
Goodwill And Intangible Assets, Net | 8. Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2018:
|  |  |  |  | Accumulated |  |  | Carrying |
|  | Gross value |  |  | impairment |  |  | value |
Balance as of June 30, 2018 | $ | 304,013 |  | $ | (20,773 | ) | $ | 283,240 |
Foreign currency adjustment(1) |  | (5,152 | ) |  | 1,070 |  |  | (4,082 | )
Balance as of September 30, 2018 | $ | 298,861 |  | $ | (19,703 | ) | $ | 279,158 |
(1) - the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value.
Goodwill has been allocated to the Company's reportable segments as follows:
|  | South |  |  |  |  | Financial |  |  |  |
|  | African |  |  | International |  | inclusion and |  |  |  |
|  | transaction |  |  | transaction |  | applied |  |  | Carrying |
|  | processing |  |  | processing |  | technologies |  |  | value |
Balance as of June 30, 2018 | $ | 20,946 |  | $ | 123,948 | $ | 138,346 |  | $ | 283,240 |
Foreign currency adjustment(1) |  | (618 | ) |  | 456 |  | (3,920 | ) |  | (4,082 | )
Balance as of September 30, 2018 | $ | 20,328 |  | $ | 124,404 | $ | 134,426 |  | $ | 279,158 |
(1) - the foreign currency adjustment represents the effects of the fluctuations between the South African rand, the Euro and the Korean won, and the U.S. dollar on the carrying value. Intangible assets Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of the intangible assets as of September 30, 2018 and June 30, 2018:
|  | As of September 30, 2018 |  | As of June 30, 2018
|  | Gross |  |  |  |  | Net |  | Gross |  |  |  |  | Net
|  | carrying |  | Accumulated |  |  | carrying |  | carrying |  | Accumulated |  |  | carrying
|  | value |  | amortization |  |  | value |  | value |  | amortization |  |  | value
Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Customer relationships | $ | 193,995 | $ | (80,786 | ) | $ | 113,209 | $ | 197,676 | $ | (76,237 | ) | $ | 121,439
Software and unpatented technology |  | 34,175 |  | (32,546 | ) |  | 1,629 |  | 35,730 |  | (32,342 | ) |  | 3,388
FTS patent |  | 2,709 |  | (2,709 | ) |  | - |  | 2,792 |  | (2,792 | ) |  | -
Exclusive licenses |  | 4,506 |  | (4,506 | ) |  | - |  | 4,506 |  | (4,506 | ) |  | -
Trademarks and brands |  | 12,345 |  | (6,147 | ) |  | 6,198 |  | 11,101 |  | (5,589 | ) |  | 5,512
Total finite-lived intangible assets |  | 247,730 |  | (126,694 | ) |  | 121,036 |  | 251,805 |  | (121,466 | ) |  | 130,339
Indefinite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial institution license |  | 788 |  | - |  |  | 788 |  | 793 |  | - |  |  | 793
Total indefinite-lived intangible assets |  | 788 |  | - |  |  | 788 |  | 793 |  | - |  |  | 793
Total intangible assets | $ | 248,518 | $ | (126,694 | ) | $ | 121,824 | $ | 252,598 | $ | (121,466 | ) | $ | 131,132
Aggregate amortization expense on the finite-lived intangible assets for the three months ended September 30, 2018 and 2017, was approximately $6.0 million and $2.8 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 2018, is presented in the table below. Actual amortization expense in future periods could differ from this estimate as a result of acquisitions, changes in useful lives, exchange rate fluctuations and other relevant factors.
Fiscal 2019 | $ | 24,469
Fiscal 2020 |  | 19,285
Fiscal 2021 |  | 13,811
Fiscal 2022 |  | 10,604
Fiscal 2023 |  | 10,604
Thereafter |  | 48,473
Total future estimated annual amortization expense | $ | 127,246

X
- References No definition available. + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration