Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Purchased Intangibles

v3.21.1
Goodwill and Purchased Intangibles
3 Months Ended
Mar. 31, 2021
Goodwill and Purchased Intangibles [Abstract]  
Goodwill and Purchased Intangibles

3. Goodwill and Purchased Intangibles

 

Goodwill

 

The carrying value of goodwill at March 31, 2021 and December 31, 2020 was $496,352.

 

The following table presents details of our purchased intangible assets as of March 31, 2021 and December 31, 2020:

 

Intangible assets







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



Balance at

December 31,

2020

 

Additions

 

Impairments

 

Amortization

 

Fx and Other

 

Balance at

March 31,

2021

Patents and trademarks

$

71,029 

 

$

 —

 

$

(8,286)

 

$

(1,481)

 

$

 

$

61,263 

Customer and merchant relationships

 

642,385 

 

 

 —

 

 

 —

 

 

(24,213)

 

 

 —

 

 

618,172 

Trade name

 

41,444 

 

 

 —

 

 

 —

 

 

(2,270)

 

 

 —

 

 

39,174 

Acquired technology

 

128,491 

 

 

 —

 

 

 —

 

 

(4,075)

 

 

 —

 

 

124,416 

Non-compete agreements

 

45,071 

 

 

 —

 

 

 —

 

 

(3,965)

 

 

 —

 

 

41,106 



$

928,420 

 

$

 —

 

$

(8,286)

 

$

(36,004)

 

$

 

$

884,131 

 

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 $36,004 and $37,677 for the three months ended March 31, 2021 and 2020, respectively.

 

The estimated future amortization expense of our intangible assets as of March 31, 2021 is as follows:

 





 

 



 

 

Year ending December 31,

Amount

2021

$

111,085 

2022

 

148,114 

2023

 

145,606 

2024

 

109,009 

2025

 

101,261 

Thereafter

 

269,056 

Total

$

884,131