Western Union 2015 Annual Report Download - page 209

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THE WESTERN UNION COMPANY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
107
4. Acquisitions
During the first quarter of 2014, the Company acquired the Brazilian retail, walk-in foreign exchange operations of Fitta
DTVM S.A. and Fitta Turismo Ltda. for total consideration of $18.5 million. Of the total consideration, $15.6 million was allocated
to identifiable intangible assets, the majority of which relates to contractual relationships. The identifiable intangible assets are
being amortized over a period of two to twelve years with a weighted average life of ten years. The Company recognized $2.4
million of goodwill related to this acquisition. The valuation of assets acquired was derived primarily using unobservable Level
3 inputs, which require significant management judgment and estimation.
The following table presents changes to goodwill for the years ended December 31, 2015 and 2014 (in millions):
Consumer-to-
Consumer
Consumer-to-
Business
Business
Solutions Other Total
January 1, 2014 balance . . . . . . . . . . . . . . . . . . . . . . . . $ 1,947.7 $ 214.7 $ 996.0 $ 13.6 $ 3,172.0
Acquisitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2.4 — — — 2.4
Currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . —(5.0) — (0.2)(5.2)
December 31, 2014 balance . . . . . . . . . . . . . . . . . . . . . $ 1,950.1 $ 209.7 $ 996.0 $ 13.4 $ 3,169.2
Currency translation . . . . . . . . . . . . . . . . . . . . . . . . . . . —(5.2) — (0.2)(5.4)
December 31, 2015 balance . . . . . . . . . . . . . . . . . . . . . $ 1,950.1 $ 204.5 $ 996.0 $ 13.2 $ 3,163.8
201 FORM 10 K
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