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INTANGIBLE ASSETS AND GOODWILL (Tables)
12 Months Ended
Dec. 31, 2015
INTANGIBLE ASSETS AND GOODWILL  
Schedule of intangible assets

 

 

 

December 31, 2015

 

 

 

 

 

Gross
Assets

 

Accumulated
Amortization

 

Net

 

Amortization Life and Method

 

 

 

(In thousands)

 

 

 

Finite Lived Assets

 

 

 

 

 

 

 

 

 

Customer contracts and lists

 

$

1,195,214

 

$

(361,579

)

$

833,635

 

3-12 years—straight line

 

Premium on purchased credit card portfolios

 

259,477

 

(113,957

)

145,520

 

3-10 years—straight line, accelerated

 

Customer database

 

210,300

 

(163,131

)

47,169

 

3-10 years—straight line

 

Collector database

 

50,577

 

(47,747

)

2,830

 

30 years—15% declining balance

 

Publisher networks

 

140,200

 

(29,238

)

110,962

 

5-7 years—straight line

 

Tradenames

 

84,867

 

(44,107

)

40,760

 

2-15 years—straight line

 

Purchased data lists

 

11,873

 

(6,372

)

5,501

 

1-5 years—straight line, accelerated

 

Favorable lease

 

6,891

 

(1,873

)

5,018

 

3-10 years—straight line

 

Noncompete agreements

 

1,300

 

(1,300

)

 

3 years—straight line

 

 

 

$

1,960,699

 

$

(769,304

)

$

1,191,395

 

 

 

Indefinite Lived Assets

 

 

 

 

 

 

 

 

 

Tradenames

 

12,350

 

 

12,350

 

Indefinite life

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

$

1,973,049

 

$

(769,304

)

$

1,203,745

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

 

 

 

 

Gross
Assets

 

Accumulated
Amortization

 

Net

 

Amortization Life and Method

 

 

 

(In thousands)

 

 

 

Finite Lived Assets

 

 

 

 

 

 

 

 

 

Customer contracts and lists

 

$

1,328,056

 

$

(295,263

)

$

1,032,793

 

4-12 years—straight line

 

Premium on purchased credit card portfolios

 

289,173

 

(114,923

)

174,250

 

3-10 years—straight line, accelerated

 

Customer databases

 

210,300

 

(126,157

)

84,143

 

3-10 years—straight line

 

Collector database

 

60,238

 

(56,239

)

3,999

 

30 years—15% declining balance

 

Publisher networks

 

140,200

 

(1,662

)

138,538

 

5-7 years—straight line

 

Tradenames

 

86,934

 

(29,408

)

57,526

 

2-15 years—straight line

 

Purchased data lists

 

12,335

 

(6,497

)

5,838

 

1-5 years—straight line, accelerated

 

Favorable lease

 

6,891

 

(767

)

6,124

 

3-10 years—straight line

 

Noncompete agreements

 

1,300

 

(867

)

433

 

3 years—straight line

 

 

 

 

 

 

 

 

 

 

 

 

 

$

2,135,427

 

$

(631,783

)

$

1,503,644

 

 

 

Indefinite Lived Assets

 

 

 

 

 

 

 

 

 

Tradenames

 

12,350

 

 

12,350

 

Indefinite life

 

 

 

 

 

 

 

 

 

 

 

Total intangible assets

 

$

2,147,777

 

$

(631,783

)

$

1,515,994

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of estimated amortization expense related to intangible assets

 

 

 

For Years Ending
December 31,

 

 

 

(In thousands)

 

2016

 

$

310,226 

 

2017

 

270,761 

 

2018

 

214,962 

 

2019

 

171,743 

 

2020

 

116,953 

 

2021 & thereafter

 

106,750 

 

 

Schedule of changes in carrying amount of goodwill

 

 

 

LoyaltyOne

 

Epsilon

 

Card Services

 

Corporate/
Other

 

Total

 

 

 

(In thousands)

 

December 31, 2013

 

$

232,449

 

$

1,241,522

 

$

261,732

 

$

 

$

1,735,703

 

Goodwill acquired during year

 

565,015

 

1,650,299

 

 

 

2,215,314

 

Effects of foreign currency translation

 

(84,007

)

(1,526

)

 

 

(85,533

)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2014

 

713,457

 

2,890,295

 

261,732

 

 

3,865,484

 

Goodwill acquired during year

 

34,712

 

 

 

 

34,712

 

Effects of foreign currency translation

 

(84,667

)

(1,451

)

 

 

(86,118

)

 

 

 

 

 

 

 

 

 

 

 

 

December 31, 2015

 

$

663,502

 

$

2,888,844

 

$

261,732

 

$

 

$

3,814,078