Divestiture, Intangible Assets and Goodwill (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Financial information and Assets and Liabilities

The major categories of assets and liabilities of Borderfree included in assets held for sale and liabilities held for sale is shown in the table below.

	June 30, 2022
Cash and cash equivalents	$	5,732
Accounts and other receivables, net	5,021
Property, plant and equipment, net	4,325
Goodwill	55,878
Intangible assets	34,214
All other assets	3,507
Assets held for sale	$	108,677
Accounts payable and accrued liabilities	$	10,338
Deferred taxes on income	5,971
All other liabilities	2,391
Liabilities held for sale	$	18,700

Schedule of Intangible Assets

Intangible assets consisted of the following:

	June 30, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount		Gross Carrying Amount		Accumulated Amortization		Net Carrying Amount
Customer relationships	$	151,953	$	(72,705)	$	79,248	$	268,187	$	(141,492)	$	126,695
Software & technology	21,894		(18,372)		3,522		21,981		(16,234)		5,747
Total intangible assets	$	173,847	$	(91,077)	$	82,770	$	290,168	$	(157,726)	$	132,442

Amortization Expense In Future Periods

Future amortization expense as of June 30, 2022 is shown in the table below. Actual amortization expense may differ due to, among other things, fluctuations in foreign currency exchange rates, acquisitions, divestitures and impairment charges.

Remainder 2022	$	8,614
2023	15,327
2024	15,327
2025	15,123
2026	14,134
Thereafter	14,245
Total	$	82,770

Schedule of Goodwill

Changes in the carrying value of goodwill by reporting segment are shown in the table below.

	December 31, 2021		Disposition		Currency impact		June 30, 2022
Global Ecommerce	$	395,062	$	(55,878)	$	—	$	339,184
Presort Services	220,992		—		—		220,992
SendTech Solutions	519,049		—		(18,773)		500,276
Total goodwill	$	1,135,103	$	(55,878)	$	(18,773)	$	1,060,452