In 2010, the Company sold certain assets and liabilities of TPOS, for which the Company had a pre-tax goodwill impairment of $2.2 million and is included in discontinued operations as part of the sale. The changes in the carrying amount of goodwill at December 31, 2010 and 2009 are as follows: The Company has an equity investment with Promocíón y Oper- ación, S.A. de C.V. and records its 49% ownership using the equity method of accounting. The operation, TSYS de México, prints statements and provides card-issuing support services to the equity investment clients and others. In April 2010, TSYS acquired 51 percent ownership in TMS. The Company allocated approximately $80.5 million to other intan- gible assets as part of the purchase price allocation to customer relationships, trade name and trade association. Refer to Note 24 for more information on TMS. In November 2008, TSYS acquired Infonox. The Company has allocated approximately $7.0 million to other intangible assets as part of the purchase price allocation to customer relationships, convenants-not-to-compete and trade name. Refer to Note 24 for more information on Infonox. Significant components of other intangible assets at December 31 are summarized as follows: The Company has an equity investment with China UnionPay Co., Ltd. and records its 44.56% ownership using the equity method of accounting. CUP is sanctioned by the People’s Bank of China, China’s central bank, and has become one of the world’s largest and fastest-growing payments networks. CUP Data currently pro- vides transaction processing, disaster recovery and other services for banks and bankcard issuers in China. TSYS’ equity investments are recorded initially at cost and sub- sequently adjusted for equity in earnings, cash contributions and distributions, and foreign currency translation adjustments. TSYS’ equity in income of equity investments (net of tax) for the years ended December 31, 2010, 2009 and 2008 was $7.1 million, $7.0 million and $7.4 million, respectively. A summary of TSYS’ equity investments at December 31 is as follows: 43 (in thousands) Gross Accumulated Amortization Net 2010 Customer relationships . . . . . $ 93,727 (22,859) $70,868 Covenants-not-to-compete . . 1,000 (1,000) — Tradename............. 6,031 (3,031) 3,000 Trade association . . . . . . . . . 10,000 (750) 9,250 Total.................. $110,758 (27,640) $83,118 (in thousands) 2010 2009 CUPData........................ $70,479 68,022 TSYSdeMéxico ................... 6,648 7,473 Total............................ $77,127 75,495 NOTE 12 Other Intangible Assets, net NOTE 11 Equity Investments (in thousands) North America Services International Services Merchant Services Consolidated Balance as of December 31, 2008. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 70,614 32,802 60,354 $ 163,770 Infonox purchase price allocation adjustment . . . . . . . . . . . . . . . . . . . . . — — 747 747 Currency translation adjustments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,379 — 1,379 Balance as of December 31, 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,614 34,181 61,101 165,896 TMS purchase price allocation ............................... — — 155,496 155,496 Currency translation adjustments ............................. (993) — (993) Balance as of December 31, 2010 ............................ $70,614 33,188 216,597 $320,399 North America Services International Services Merchant Services Consolidated 2009 Gross amount . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70,614 34,181 63,326 $168,121 Accumulated impairment losses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — — — — Goodwill, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $70,614 34,181 63,326 $168,121