Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Purchased Intangibles

v3.21.2
Goodwill and Purchased Intangibles
9 Months Ended
Sep. 30, 2021
Goodwill and Purchased Intangibles [Abstract]  
Goodwill and Purchased Intangibles 3. Goodwill and Purchased Intangibles Goodwill The carrying value of goodwill at September 30, 2021 and December 31, 2020 was $496,352. The following table presents details of our purchased intangible assets as of September 30, 2021 and December 31, 2020: Intangible assets Balance at December 31,2020 Additions Impairments Amortization Fx and Other Balance at September 30,2021Patents and trademarks$ 71,029 $ — $ (8,286) $ (3,930) $ 4 $ 58,817Customer and merchant relationships 642,385 — — (72,638) — 569,747Trade name 41,444 — — (6,790) — 34,654Acquired technology 128,491 — — (12,225) — 116,266Non-compete agreements 45,071 — — (11,895) — 33,176 $ 928,420 $ — $ (8,286) $ (107,478) $ 4 $ 812,660 The intangible assets are being amortized on a straight-line basis over their estimated useful lives of one to twenty years. Amortization expense for intangible assets was $35,738 and $37,758 for the three months ended September 30, 2021 and 2020, respectively. Amortization expense for intangible assets was $107,478 and $113,202 for the nine months ended September 30, 2021 and 2020, respectively. The estimated future amortization expense of our intangible assets as of September 30, 2021 is as follows:  Year ending December 31,Amount2021$ 35,7362022 142,9442023 140,4362024 103,8392025 96,091Thereafter 293,614Total$ 812,660