Other Intangible Assets, Net

12 Months Ended

Dec. 31, 2016

Goodwill and Intangible Assets Disclosure [Abstract]

Note 7 Other Intangible Assets, Net

In 2016, the changes in other intangible assets related to foreign currency translation and the acquisition of TransFirst. Refer to Note 23 for more information on acquisitions.

Significant components of other intangible assets as of December 31, 2016 and 2015 are summarized as follows:


	2016
(in thousands)	Gross		Accumulated Amortization	Net
Merchant relationships	$	588,000	(63,000)	$	525,000
Channel relationships		439,600	(148,815)		290,785
Customer relationships		166,340	(122,465)		43,875
Trade name		62,397	(45,197)		17,200
Covenants-not-to-compete		29,940	(13,869)		16,071
Database		28,000	(19,600)		8,400
Trade association		10,000	(6,750)		3,250
Favorable lease		3,006	(911)		2,095
Total	$	1,327,283	(420,607)	$	906,676


	2015
(in thousands)	Gross		Accumulated Amortization	Net
Channel relationships	$	318,600	(99,909)	$	218,691
Customer relationships		166,579	(104,736)		61,843
Trade name		46,422	(24,422)		22,000
Covenants-not-to-compete		14,940	(7,834)		7,106
Database		28,000	(14,000)		14,000
Trade association		10,000	(5,750)		4,250
Favorable lease		875	(445)		430
Total	$	585,416	(257,096)	$	328,320

Amortization related to other intangible assets, which is recorded in selling, general and administrative expenses, was $163.8 million, $75.8 million and $77.3 million for 2016, 2015 and 2014, respectively.

The weighted average useful life for each component of other intangible assets, and in total, as of December 31, 2016 is as follows:


		Weighted Average Amortization Period (Yrs)
Merchant relationships		7.0
Channel relationships		8.6
Customer relationships		8.2
Trade name		3.9
Covenants-not-to-compete		4.1
Database		5.0
Trade association		10.0
Favorable lease		5.4
Total		7.4

Estimated future amortization expense of other intangible assets as of December 31, 2016 for the next five years is:


(in thousands)
2017	$	180,304
2018		161,647
2019		145,601
2020		140,193
2021		119,617