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Acquisitions
9 Months Ended
Sep. 30, 2017
Acquisitions  
Acquisitions

Note 11 — Acquisitions 

 

Refer to Note 24 of the Company’s audited financial statements for the year ended December 31, 2016, which is included as Exhibit 13.1 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, as filed with the SEC, for a discussion regarding acquisitions. 

 

TransFirst 

   

On April 1, 2016, the Company acquired all of the outstanding capital stock of TransFirst and recognized amounts for the identifiable assets acquired and liabilities assumed. The measurement period during which

changes in assets, liabilities, equity interests, or items of consideration are subject to adjustment ends one year following the acquisition date.

   

The Company decreased goodwill related to TransFirst during the nine months ended September 30, 2017 by approximately $618,000 resulting from adjustments to deferred income tax assets partially offset by the write-off of a note receivable on the opening balance sheet of TransFirst.

 

Redeemable Noncontrolling Interest

 

In February 2017, the Company acquired an additional 10% equity interest in Central Payment Co., LLC (CPAY) from a privately-owned company for $70.0 million. This purchase reduced the remaining redeemable noncontrolling interest in CPAY to 15% of its total outstanding equity and extended the put call arrangement until April 2018. The transaction resulted in a decrease to noncontrolling interest of $9.8 million and a decrease to additional paid-in capital of $60.2 million.