Quarterly report pursuant to Section 13 or 15(d)

Goodwill and Purchased Intangibles

v3.10.0.1
Goodwill and Purchased Intangibles
6 Months Ended
Jun. 30, 2018
Goodwill and Purchased Intangibles [Abstract]  
Goodwill and Purchased Intangibles

4.  Goodwill and Purchased Intangibles



Goodwill



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



Intangible assets



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







 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



 

Balance at
December 31,
2017

 

Additions

 

Impairments

 

Amortization

 

Fx and Other

 

Balance at

June 30,

2018

Patents and trademarks

 

$

118,178 

 

$

 -

 

$

 -

 

$

(6,152)

 

$

(175)

 

$

111,851 

Customer and merchant relationships

 

 

153,448 

 

 

 -

 

 

 -

 

 

(12,276)

 

 

 -

 

 

141,172 

Trade name

 

 

41,033 

 

 

 -

 

 

 -

 

 

(3,337)

 

 

(85)

 

 

37,611 



 

$

312,659 

 

$

 -

 

$

 -

 

$

(21,765)

 

$

(260)

 

$

290,634 



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 $11,096 and $12,177 for the three months ended June 30, 2018 and 2017, respectively.



Amortization expense for intangible assets was $21,765 and $21,500 for the six months ended June 30, 2018 and 2017, respectively.



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







 

 

 



 

 

 

Year ending December 31,

 

Amount

2018

 

$

21,580 

2019

 

 

43,160 

2020

 

 

45,304 

2021

 

 

40,148 

2022

 

 

40,148 

Thereafter

 

 

100,294 

Total

 

$

290,634