NetSpend 2015 Annual Report Download - page 62

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Note 5 Cash and Cash Equivalents
Cash and cash equivalent balances as of December 31, 2015 and 2014 are summarized as follows:
(in thousands) 2015 2014
Cash and cash equivalents in domestic accounts ................................... $307,578 225,396
Cash and cash equivalents in foreign accounts ..................................... 81,750 63,787
Total ...................................................................... $389,328 289,183
The Company maintains operating accounts outside the United States denominated in currencies other than the
U.S. dollar. All amounts in domestic accounts are denominated in U.S. dollars.
NOTE 6 Prepaid Expenses and Other Current Assets
Significant components of prepaid expenses and other current assets as of December 31, 2015 and 2014 are
summarized as follows:
(in thousands) 2015 2014
Prepaid expenses .............................................................. $ 37,961 35,334
Supplies inventory .............................................................. 15,114 14,340
Income taxes receivable ......................................................... 51,322 259
Other ........................................................................ 49,802 49,041
Total ....................................................................... $154,199 98,974
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
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