Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2023

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

6. Goodwill and Other Intangible Assets

The Company reports all of its goodwill in the Debit and Credit segment at December 31, 2023 and 2022. The Company completed its goodwill impairment testing as of October 1, 2023 and did not identify any goodwill impairment during the years ended December 31, 2023 and 2022.

Intangible assets consist of customer relationships, acquired technology, and trademarks. There were no impairments of the Company’s amortizable intangible assets for the years ended December 31, 2023 and 2022.

At December 31, 2023 and 2022, intangible assets, excluding goodwill, were comprised of the following:

		December 31, 2023						December 31, 2022
	Weighted Average			Accumulated		Net Book				Accumulated		Net Book
	Life (Years)	Cost		Amortization		Value		Cost		Amortization		Value
Customer relationships	17.2	$	55,454	$	(41,971)	$	13,483	$	55,454	$	(38,695)	$	16,759
Acquired technology	10.0		7,101		(6,967)		134		7,101		(6,767)		334
Trademarks	8.7		3,330		(2,825)		505		3,330		(2,435)		895
Intangible assets subject to amortization		$	65,885	$	(51,763)	$	14,122	$	65,885	$	(47,897)	$	17,988

The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of December 31, 2023 was as follows:

2024	$	3,630
2025		3,440
2026		2,471
2027		1,947
2028		1,580
Thereafter		1,054
	$	14,122