| NOTE 6 | Goodwill |
In 2013, the Company allocated $1.0 billion to goodwill due to the acquisition of NetSpend. During 2012, the Company allocated $162.1 million to goodwill due to the acquisitions of ProPay and CPAY.
The gross amount and accumulated impairment losses of goodwill as of December 31, 2013 and 2012 is as follows:
| 2013 | ||||||||||||||||||||
| (in thousands) | North America Services |
International Services |
Merchant Services |
NetSpend | Consolidated | |||||||||||||||
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Gross amount |
$ | 70,796 | 34,201 | 415,973 | 1,024,434 | $ | 1,545,404 | |||||||||||||
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Accumulated impairment losses |
— | — | (2,225 | ) | — | (2,225 | ) | |||||||||||||
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Goodwill, net |
$ | 70,796 | 34,201 | 413,748 | 1,024,434 | $ | 1,543,179 | |||||||||||||
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| 2012 | ||||||||||||||||||||
| (in thousands) | North America Services |
International Services |
Merchant Services |
NetSpend | Consolidated | |||||||||||||||
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Gross amount |
$ | 70,796 | 33,944 | 415,829 | — | $ | 520,569 | |||||||||||||
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Accumulated impairment losses |
— | — | (2,225 | ) | — | (2,225 | ) | |||||||||||||
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Goodwill, net |
$ | 70,796 | 33,944 | 413,604 | — | $ | 518,344 | |||||||||||||
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The changes in the carrying amount of goodwill as of December 31, 2013 and 2012 are as follows:
| (in thousands) | North America Services |
International Services |
Merchant Services |
NetSpend | Consolidated | |||||||||||||||
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Balance as of December 31, 2011 |
$ | 70,796 | 33,188 | 251,514 | — | $ | 355,498 | |||||||||||||
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CPAY purchase price allocation |
— | — | 68,570 | — | 68,570 | |||||||||||||||
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ProPay purchase price allocation |
— | — | 93,520 | — | 93,520 | |||||||||||||||
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Currency translation adjustments |
— | 756 | — | — | 756 | |||||||||||||||
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Balance as of December 31, 2012 |
70,796 | 33,944 | 413,604 | — | 518,344 | |||||||||||||||
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NetSpend purchase price allocation |
— | — | — | 1,024,434 | 1,024,434 | |||||||||||||||
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ProPay purchase price allocation |
— | — | 144 | — | 144 | |||||||||||||||
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Currency translation adjustments |
— | 257 | — | — | 257 | |||||||||||||||
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Balance as of December 31, 2013 |
$ | 70,796 | 34,201 | 413,748 | 1,024,434 | $ | 1,543,179 | |||||||||||||
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Refer to Note 23 for more information on acquisitions.