NOTE 7

Goodwill

In 2013, the Company allocated $1.0 billion to goodwill due to the acquisition of NetSpend. In 2014, the Company adjusted the NetSpend purchase price allocation to add an additional $8.5 million for settlement of the dissenting shareholder lawsuit and adjustments to deferred taxes. In 2015, the Company adjusted the NetSpend goodwill allocation to include an additional $627,000 for an adjustment to a sales and use tax reserve associated with the acquisition.

The gross amount and accumulated impairment losses of goodwill as of December 31, 2015 and 2014 are as follows:

2015

(in thousands)

North America
Services

International
Services

Merchant
Services

NetSpend

Consolidated

Gross amount

70,796

29,081

415,973

1,033,586

1,549,436

Accumulated impairment losses

(182

)

(1,605

)

(2,225

)

—

(4,012

)

Goodwill, net

70,614

27,476

413,748

1,033,586

1,545,424


	2014
	North America Services			International Services			Merchant Services			NetSpend		Consolidated
Gross amount	$	70,796			31,681			415,973			1,032,959	$	1,551,409
Accumulated impairment losses		(182	)		(1,605	)		(2,225	)		—		(4,012	)

Goodwill, net	$	70,614			30,076			413,748			1,032,959	$	1,547,397

The changes in the carrying amount of goodwill as of December 31, 2015 and 2014 are as follows:


(in thousands)	North America Services			International Services			Merchant Services		NetSpend		Consolidated
Balance as of December 31, 2013	$	70,796			34,201			413,748		1,024,434	$	1,543,179
Disposal of GP Net		(182	)		(1,605	)		—		—		(1,787	)
NetSpend purchase price allocation		—			—			—		8,525		8,525
Currency translation adjustments		—			(2,520	)		—		—		(2,520	)

Balance as of December 31, 2014	$	70,614			30,076			413,748		1,032,959	$	1,547,397
NetSpend tax adjustment		—			—			—		627		627
Currency translation adjustments		—			(2,600	)		—		—		(2,600	)

Balance as of December 31, 2015	$	70,614		$	27,476		$	413,748	$	1,033,586	$	1,545,424

Refer to Note 24 for more information on acquisitions.