GOODWILL AND OTHER ASSETS

The changes in carrying amounts of goodwill within the Company’s segments are summarized as follows:



	NA			AP			EMEA			LA			Unallocated			Total
Goodwill	$	76.4		$	40.0		$	168.7		$	143.7		—			$	428.8
Accumulated impairment losses	(13.2		)	—			(168.7		)	(108.8		)	—			(290.7		)
Balance at January 1, 2015	63.2			40.0			—			34.9			—			138.1
Goodwill acquired	39.7			—			—			—			—			39.7
Currency translation adjustment	(3.4		)	(2.4		)	—			(10.5		)	—			(16.3		)
Goodwill	112.7			37.6			168.7			133.2			—			452.2
Accumulated impairment losses	(13.2		)	—			(168.7		)	(108.8		)	—			(290.7		)
Balance at December 31, 2015	99.5			37.6			—			24.4			—			161.5
Goodwill acquired	—			—			—			—			882.6			882.6
Goodwill adjustment	(0.5		)	—			—			—			—			(0.5		)
Currency translation adjustment	1.8			(0.4		)	—			4.2			(50.9		)	(45.3		)
Goodwill	114.0			37.2			168.7			137.4			831.7			1,289.0
Accumulated impairment losses	(13.2		)	—			(168.7		)	(108.8		)	—			(290.7		)
Balance at December 31, 2016	$	100.8		$	37.2		$	—		$	28.6		$	831.7		$	998.3

Goodwill. In the fourth quarter of 2016, goodwill was reviewed for impairment based on a two-step test, which resulted in no impairment in any of the Company's reporting units. Management determined that the LA and AP reporting units had excess fair value of approximately $65.8 or 18.3 percent and approximately $56.1 or 21.5 percent, respectively, when compared to their carrying amounts. The Domestic and Canada reporting unit, included in the NA reportable segment, had excess fair value greater than 100.0 percent when compared to its carrying amount.

In August 2016, the Company acquired Diebold Nixdorf AG. The unallocated portion of acquired goodwill as of December 31, 2016 of $831.7 is attributable to Diebold Nixdorf AG. In connection with the business combination agreement related to the Acquisition, the Company announced the realignment of its lines of business to drive greater efficiency and further improve customer service. The Company began evaluating and assessing the line of business reporting structure and its impact on the allocation of the Diebold Nixdorf AG acquired goodwill among the reporting units. The Company does not anticipate the assessment to be completed until the first quarter of 2017. Beginning with the first quarter of 2017, the Company anticipates allocating goodwill to its reporting units based on the conclusion of the assessment on the following lines of business: Software, Systems, and Services.

The acquired Diebold Nixdorf AG goodwill is primarily the result of anticipated synergies achieved through increased scale, a streamlined portfolio of products and solutions, higher utilization of the service organization, workforce rationalization in overlapping regions and shared back office resources. The Company also expects that, after completion of the Acquisition and integration, it will generate strong free cash flow, which would be used to make investments in innovative software and solutions and reduce debt.

In March 2015, the Company acquired Phoenix, a leader in developing innovative multi-vendor software solutions for ATMs and a host of other FSS applications. During the second quarter of 2016, the Company adjusted the preliminary goodwill by $(0.5) primarily to reflect adjustments to the finalization of deferred income taxes.

Other Assets. Other assets consists of net capitalized computer software development costs, patents, trademarks and other intangible assets. Where applicable, other assets are stated at cost and, if applicable, are amortized ratably over the relevant contract period or the estimated life of the assets. Fees to renew or extend the term of the Company’s intangible assets are expensed when incurred.

During the fourth quarter of 2016, the Company recorded a $9.8 impairment charge related to redundant legacy Diebold internally-developed software and an indefinite-lived trade name in NA as a result of the Acquisition.

For the year ended December 31, 2015, the Company recorded other asset-related impairment charges of $18.9. As of March 31, 2015, the Company agreed to sell its equity interest in its Venezuela joint venture to its joint venture partner and recorded a $10.3 impairment of assets in the first quarter of 2015. On April 29, 2015, the Company closed the sale for the estimated fair market value and recorded a $1.0 reversal of impairment of assets based on final adjustments in the second quarter of 2015, resulting in a $9.3 impairment of assets for the six months ended June 30, 2015. During the remainder of 2015, the Company incurred an additional $0.4 related to uncollectible accounts receivable, which is included in selling and administrative expenses on the consolidated statements of operations. Additionally, the Company recorded an impairment related to other intangibles in LA in the second quarter of 2015 and an impairment of $9.1 related to redundant legacy Diebold internally-developed software as a result of the acquisition of Phoenix in the first quarter of 2015 in which the carrying amounts of the assets were not recoverable.

The following summarizes information on intangible assets by major category:



	December 31, 2016							December 31, 2015
	Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization			Net Carrying Amount
Internally-developed software	$	151.0	$	(53.2	)	$	97.8	$	92.4	$	(48.5	)	$	43.9
Development costs non-software	48.4		(9.7		)	38.7		1.1		(0.6		)	0.5
Customer relationships	621.7		(25.4		)	596.3		1.8		(0.3		)	1.5
Other intangibles	85.3		(45.2		)	40.1		58.9		(37.3		)	21.6
Total	$	906.4	$	(133.5	)	$	772.9	$	154.2	$	(86.7	)	$	67.5

Amortization expense on capitalized software of $24.4, $14.5 and $18.3 was included in product cost of sales for 2016, 2015 and 2014, respectively.