Quarterly report pursuant to Section 13 or 15(d)

Note 4 - Goodwill and Purchased Intangibles

v3.22.2.2
Note 4 - Goodwill and Purchased Intangibles
9 Months Ended
Sep. 30, 2022
Notes to Financial Statements  
Goodwill and Intangible Assets Disclosure [Text Block]

4. Goodwill and Purchased Intangibles

 

Goodwill

 

The carrying value of goodwill at each of  September 30, 2022 and  December 31, 2021 was $411,183.

 

The following table presents details of our purchased intangible assets as of September 30, 2022 and  December 31, 2021:

 

Intangible assets

 

    Balance at December 31, 2021    

Additions

   

Impairments

   

Amortization

   

Fx and Other

    Balance at September 30, 2022  

Patents and trademarks

  $ 57,595     $     $     $ (3,676 )   $ 3     $ 53,919  

Customer and merchant relationships

    545,533             (238,143 )   $ (72,635 )           234,755  

Trade names

    32,393                 $ (6,781 )           25,612  

Acquired technology

    112,191                 $ (12,224 )           99,967  

Non-compete agreements

    29,212                 $ (11,895 )           17,317  
    $ 776,924     $     $ (238,143 )   $ (107,211 )   $ 3     $ 431,570  

 

The intangible assets are being amortized on a straight-line basis over their estimated useful lives of one year to twenty years.

 

Amortization expense for intangible assets was $35,724 and $35,738 for the three months ended September 30, 2022 and 2021, respectively.

 

Amortization expense for intangible assets was $107,211 and $107,478 for the nine months ended September 30, 2022 and 2021, respectively.

 

The estimated future amortization expense of our intangible assets as of September 30, 2022 is as follows:

 

Year ending December 31,

 

Amount

 

2022

  $ 35,736  

2023

    140,436  

2024

    103,840  

2025

    59,042  

2026

    23,793  

Thereafter

    68,723  

Total

  $ 431,570