Quarterly report pursuant to Section 13 or 15(d)

3. Goodwill and Purchased Intangibles

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3. Goodwill and Purchased Intangibles
 9 Months Ended
Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]  
3. Goodwill and Purchased Intangibles

3.  Goodwill and Purchased Intangibles

 

Goodwill

 

The carrying value of goodwill at September 30, 2019 and December 31, 2018 was $537,550.

 

Intangible assets

 

The following table presents details of our purchased intangible assets as of September 30, 2019 and December 31, 2018:

 

    Balance at
December 31,
2018		   Additions   Impairments   Amortization   Fx and Other   Balance at
September 30,
2019
Patents and trademarks   $ 104,986      $ 10,425      $ (21,400)     $ (9,589)     $ 150      $ 84,572   
Customer and merchant relationships     836,088        -        -        (72,639)       -        763,449   
Trade name     59,996        -        -        (6,961)       14        53,049   
Acquired technology     161,092        -        -        (12,225)       -        148,867   
Non-compete agreements     76,791        -        -        (11,895)       -        64,896   
    $ 1,238,953   $ 10,425      $ (21,400)     $ (113,309)    $ 164     $ 1,114,833  

 

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 $37,779 and $9,976 for the three months ended September 30, 2019 and 2018, respectively.

 

Amortization expense for intangible assets was $113,309 and $31,741 for the nine months ended September 30, 2019 and 2018, respectively.

 

The estimated future amortization expense of our intangible assets as of September 30, 2019 is as follows:

 

Year ending December 31,    Amount
2019   $ 37,769   
2020     150,154   
2021     147,258   
2022     147,208   
2023     140,600   
Thereafter     491,844   
Total   $ 1,114,833