Company: DLX
Filing Date: 2025-05-02
Form Type: 10-Q
Source: 0000027996-25-000142
Chunk: 15

Company: DELUXE CORP
Filing Date: 2025-05-02
Form: 10-Q
Item: Item 1
Chunk 15
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, at times, purchase customer list and partner relationship assets. During the quarter ended March 31, 2025, we acquired or developed internal-use software of $19,133 with a weighted-average useful life of 3 years. Other intangibles acquired during the period were not material.Goodwill – Changes in goodwill by reportable segment and in total were as follows for the quarter ended March 31, 2025:(in thousands)Merchant ServicesB2B PaymentsData Solutions(1)Print(1)TotalBalance, December 31, 2024$727,688 $160,431 $40,804 $493,814 $1,422,737 Currency translation adjustment— — — 4 4 Balance, March 31, 2025$727,688 $160,431 $40,804 $493,818 $1,422,741 (1) The Data Solutions and Print balances are net of accumulated impairment charges of $145,584 and $193,699, respectively, for each period.Other non-current assets – Other non-current assets were comprised of the following:(in thousands)March 31,2025December 31,2024Postretirement benefit plan asset$109,279 $107,524 Cloud computing arrangement implementation costs38,787 42,470 Prepaid product discounts(1)38,591 32,847 Deferred contract acquisition costs(2)19,008 18,780 Loans and notes receivable from distributors, net of allowance for credit losses(3)10,570 10,789 Other22,743 24,234 Other non-current assets$238,978 $236,644 (1) Amortization of prepaid product discounts was $8,268 for the quarter ended March 31, 2025 and $8,180 for the quarter ended March 31, 2024. (2) Amortization of deferred contract acquisition costs was $2,857 for the quarter ended March 31, 2025 and $3,091 for the quarter ended March 31, 2024.(3) Amount includes the non-current portion of loans and notes receivable. The current portion of these receivables is included in other current assets on the consolidated balance sheets and was $1,387 as of March 31, 2025 and $1,753 as of December 31, 2024. The