Company: DLX
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0000027996-25-000189
Chunk: 65

Company: DELUXE CORP
Filing Date: 2025-11-06
Form: 10-Q
Item: Item 8
Chunk 65
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 a weighted-average useful life of 3 years. During the quarter ended September 30, 2025, we also acquired certain assets of JPMorgan Chase Bank’s CheckMatch electronic check conveyance service business. Further information regarding the assets acquired can be found in Note 6. We also, at times, purchase small business distributor customer lists and partner relationship assets, though such purchases were not material during the nine months ended September 30, 2025.Goodwill – Changes in goodwill by reportable segment and in total were as follows for the nine months ended September 30, 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— — — 41 41 Balance, September 30, 2025$727,688 $160,431 $40,804 $493,855 $1,422,778 (1) The Data Solutions and Print balances are net of accumulated impairment charges of $145,584 and $193,699, respectively, for each period.

10

DELUXE CORPORATIONCONDENSED NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS(dollars in thousands, except per share amounts)

Other non-current assets – Other non-current assets were comprised of the following:(in thousands)September 30,2025December 31,2024Postretirement benefit plan asset$113,174 $107,524 Prepaid product discounts(1)32,750 32,847 Cloud computing arrangement implementation costs32,290 42,470 Deferred contract acquisition costs(2)17,775 18,780 Loans and notes receivable from distributors, net of allowance for credit losses(3)9,408 10,789 Other20,913 24,234 Other non-current assets$226,310 $236,644 (1) Amortization of prepaid product discounts was $24,490 for the nine months ended September 30, 2025 and $24,844 for the nine months ended September 30, 2024. (2) Amortization of deferred contract acquisition costs was $8,832 for the nine months ended September 30, 2025 and $9,445 for the nine months ended