Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Purchased Intangibles

v3.10.0.1
Goodwill and Purchased Intangibles
9 Months Ended
Sep. 30, 2018
Goodwill and Purchased Intangibles [Abstract]  
Goodwill and Purchased Intangibles

4.  Goodwill and Purchased Intangibles



Goodwill



The carrying value of goodwill at September 30, 2018 and December 31, 2017 was $803,118.  



Intangible assets



The following table presents details of our purchased intangible assets as of September 30, 2018 and December 31, 2017:







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Balance at
December 31,
2017

 

Additions

 

Impairments

 

Amortization

 

Fx and Other

 

Balance at

September 30,

2018

Patents and trademarks

 

$

118,178 

 

$

 -

 

$

 -

 

$

(8,460)

 

$

(1,277)

 

$

108,441 

Customer and merchant relationships

 

 

153,448 

 

 

 -

 

 

 -

 

 

(18,414)

 

 

 -

 

 

135,034 

Trade name

 

 

41,033 

 

 

 -

 

 

 -

 

 

(4,867)

 

 

(117)

 

 

36,049 



 

$

312,659 

 

$

 -

 

$

 -

 

$

(31,741)

 

$

(1,394)

 

$

279,524 



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 $9,976 and $10,796 for the three months ended September 30, 2018 and 2017, respectively.



Amortization expense for intangible assets was $31,741 and $32,297 for the nine months ended September 30, 2018 and 2017, respectively.



The estimated future amortization expense of our intangible assets as of September 30, 2018 is as follows:







 

 

 



 

 

 

Year ending December 31,

 

Amount

2018

 

$

11,604 

2019

 

 

43,963 

2020

 

 

42,201 

2021

 

 

40,148 

2022

 

 

40,148 

Thereafter

 

 

101,460 

Total

 

$

279,524