Summary of Changes in Goodwill by Reportable Business Segment |
A summary of changes in the Company’s goodwill is as follows (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Acquisitions1 | | | | | | Acquisition Accounting Adjustments | | Foreign Currency | | June 30, 2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Goodwill | | $ | 5,984,667 | | | $ | 122,362 | | | | | | | $ | 1,845 | | | $ | 225,144 | | | $ | 6,334,018 | | | | | | | | | | | | | | | | |
1 Reflects the recognition of preliminary goodwill assigned to the Vehicle Payments segment related to the Gringo acquisition completed by the Company during the six months ended June 30, 2025.
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Schedule of Other Intangible Assets |
As of June 30, 2025 and December 31, 2024, other intangibles consisted of the following (in thousands): | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | June 30, 2025 | | December 31, 2024 | | | Weighted- Avg Useful Lives (Years) | | Gross Carrying Amounts | | Accumulated Amortization | | Net Carrying Amount | | Gross Carrying Amounts | | Accumulated Amortization | | Net Carrying Amount | Customer and vendor relationships | | 16.7 | | $ | 3,579,274 | | | $ | (1,797,596) | | | $ | 1,781,678 | | | $ | 3,476,642 | | | $ | (1,624,079) | | | $ | 1,852,563 | | Trade names and trademarks—indefinite lived | | N/A | | 443,703 | | | — | | | 443,703 | | | 410,391 | | | — | | | 410,391 | | Trade names and trademarks—other | | 2.6 | | 68,121 | | | (18,664) | | | 49,457 | | | 66,047 | | | (13,055) | | | 52,992 | | Software | | 5.8 | | 330,699 | | | (263,944) | | | 66,755 | | | 306,296 | | | (245,038) | | | 61,258 | | Non-compete agreements | | 3.8 | | 58,577 | | | (27,865) | | | 30,712 | | | 52,412 | | | (19,174) | | | 33,238 | | | | | | | | | | | | | | | | | Total other intangibles | | | | $ | 4,480,374 | | | $ | (2,108,069) | | | $ | 2,372,305 | | | $ | 4,311,788 | | | $ | (1,901,346) | | | $ | 2,410,442 | | N/A = Not Applicable | | | | | | | | | | | | | | |
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