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Document and Entity Information - USD ($) $ in Millions	9 Months Ended
Document and Entity Information - USD ($) $ in Millions	Sep. 30, 2010	Oct. 31, 2010	Jun. 30, 2009
Document and Entity Information [Abstract]
Entity Registrant Name	EURONET WORLDWIDE INC
Entity Central Index Key	0001029199
Document Type	10-Q
Document Period End Date	Sep. 30, 2010
Amendment Flag	false
Document Fiscal Year Focus	2010
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float			$ 927.2
Entity Common Stock, Shares Outstanding		50,820,636

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2010	Dec. 31, 2009
Current assets:
Cash and cash equivalents	$ 178,709	$ 183,528
Restricted cash	102,205	73,148
Inventory - PINs and other	58,520	87,661
Trade accounts receivable, net of allowances for doubtful accounts of $15,117 at September 30, 2010 and $13,909 at December 31, 2009	266,095	282,905
Prepaid expenses and other current assets	40,391	31,344
Total current assets	645,920	658,586
Property and equipment, net of accumulated depreciation of $165,542 at September 30, 2010 and $153,255 at December 31, 2009	93,673	96,592
Goodwill	518,698	504,650
Acquired intangible assets, net of accumulated amortization of $104,261 at September 30, 2010 and $88,924 at December 31, 2009	105,252	112,948
Other assets, net of accumulated amortization of $19,786 at September 30, 2010 and $16,866 at December 31, 2009	46,854	39,903
Total assets	1,410,397	1,412,679
Current liabilities:
Trade accounts payable	282,674	228,768
Accrued expenses and other current liabilities	196,389	225,474
Current portion of capital lease obligations	2,877	2,510
Short-term debt obligations and current maturities of long-term debt obligations	2,498	3,127
Income taxes payable	15,900	18,379
Deferred revenue	9,050	13,320
Total current liabilities	509,388	491,578
Debt obligations, net of current portion	284,865	320,283
Capital lease obligations, net of current portion	2,142	1,997
Deferred income taxes	25,445	23,854
Other long-term liabilities	8,532	8,464
Total liabilities	830,372	846,176
Euronet Worldwide, Inc. stockholders' equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; none issued	0	0
Common Stock, $0.02 par value. 90,000,000 shares authorized; 51,294,128 issued at September 30, 2010 and 51,101,833 issued at December 31, 2009	1,026	1,022
Additional paid-in-capital	749,178	740,990
Treasury stock, at cost, 480,292 shares at September 30, 2010 and 241,644 shares at December 31, 2009	(5,240)	(1,483)
Accumulated deficit	(180,831)	(203,139)
Restricted reserve	994	1,013
Accumulated other comprehensive income	7,842	20,566
Total Euronet Worldwide, Inc. stockholders' equity	572,969	558,969
Noncontrolling interests	7,056	7,534
Total equity	580,025	566,503
Total liabilities and equity	$ 1,410,397	$ 1,412,679

Consolidated Balance Sheets (Parenthetical) - USD ($)	Sep. 30, 2010	Dec. 31, 2009
Current assets:
Allowances for doubtful trade accounts receivables	$ 15,117,000	$ 13,909,000
Accumulated depreciation on property and equipment	165,542,000	153,255,000
Accumulated amortization on acquired intangible assets	104,261,000	88,924,000
Accumulated amortization on other assets	19,786,000	16,866,000
Euronet Worldwide, Inc. stockholders' equity:
Preferred Stock, par value	$ 0.02	$ 0.02
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Common Stock, par value	$ 0.02	$ 0.02
Common Stock, shares authorized	90,000,000	90,000,000
Common Stock, shares issued	51,294,128	51,101,833
Treasury Stock at cost, shares	480,292	241,644

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009	Sep. 30, 2010	Sep. 30, 2009
Revenues:
Total revenues	$ 260,223	$ 264,820	$ 754,454	$ 747,131
Operating expenses:
Direct operating costs	167,439	173,493	494,136	492,094
Salaries and benefits	35,007	34,733	98,627	94,414
Selling, general and administrative	23,226	20,069	64,269	60,048
Goodwill and acquired intangible assets impairment				9,884
Depreciation and amortization	14,289	14,440	42,389	40,884
Total operating expenses	239,961	242,735	699,421	697,324
Operating income	20,262	22,085	55,033	49,807
Other income (expense):
Interest income	831	644	1,958	2,498
Interest expense	(5,074)	(6,042)	(15,059)	(19,762)
Income from unconsolidated affiliates	34	474	1,035	1,508
Gain on dispute settlement	3,110		3,110
Gain on sale of investment securities		1,751		1,751
Loss on early retirement of debt				(253)
Foreign currency exchange gain (loss), net	8,956	7,766	(5,467)	6,825
Other income (expense), net	7,857	4,593	(14,423)	(7,433)
Income from continuing operations before income taxes	28,119	26,678	40,610	42,374
Income tax expense	(7,054)	(8,110)	(17,185)	(19,824)
Income from continuing operations	21,065	18,568	23,425	22,550
Discontinued operations, net		452		537
Net income	21,065	19,020	23,425	23,087
Less: Net income attributable to noncontrolling interests	(100)	(155)	(1,117)	(976)
Net income attributable to Euronet Worldwide, Inc.	$ 20,965	$ 18,865	$ 22,308	$ 22,111
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - basic:
Continuing operations	$ 0.41	$ 0.36	$ 0.44	$ 0.43
Discontinued operations		0.01		0.01
Total	$ 0.41	$ 0.37	$ 0.44	$ 0.44
Basic weighted average shares outstanding	50,872,551	50,560,371	50,862,725	50,426,113
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted:
Continuing operations	$ 0.41	$ 0.35	$ 0.43	$ 0.42
Discontinued operations		0.01		0.01
Total	$ 0.41	$ 0.36	$ 0.43	$ 0.43
Diluted weighted average shares outstanding	51,539,150	51,906,902	51,685,713	51,206,363
Eft Processing Segment [Member]
Revenues:
Total revenues	$ 49,098	$ 50,939	$ 144,152	$ 142,737
Epay Segment [Member]
Revenues:
Total revenues	148,037	153,610	431,106	433,386
Money Transfer Segment [Member]
Revenues:
Total revenues	$ 63,088	$ 60,271	$ 179,196	$ 171,008

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009	Sep. 30, 2010	Sep. 30, 2009
Consolidated Statements of Comprehensive Income (Loss) [Abstract]
Net income	$ 21,065	$ 19,020	$ 23,425	$ 23,087
Other comprehensive income (loss), net of tax:
Translation adjustment	50,448	15,887	(13,183)	34,010
Gain on investment securities		601		1,631
Reclassification adjustment related to sale of investment securities		(1,751)		(1,751)
Unrealized gain on interest rate swaps				830
Comprehensive income	71,513	33,757	10,242	57,807
Comprehensive income attributable to noncontrolling interests	(773)	(442)	(658)	(1,367)
Comprehensive income attributable to Euronet Worldwide, Inc.	$ 70,740	$ 33,315	$ 9,584	$ 56,440

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2010	Sep. 30, 2009
Consolidated Statements of Cash Flows [Abstract]
Net income	$ 23,425	$ 23,087
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	42,389	40,884
Share-based compensation	6,659	5,972
Unrealized foreign exchange (gain) loss, net	5,669	(6,763)
Non-cash impairment of goodwill and acquired intangible assets		9,884
Gain on dispute settlement	(3,110)
Gain on sale of investment securities		(1,751)
Deferred income taxes	(3,433)	(3,434)
Income from unconsolidated affiliates	(1,035)	(1,508)
Accretion of convertible debentures discount and amortization of debt issuance costs	6,561	8,578
Changes in working capital, net of amounts acquired:
Income taxes payable, net	(3,465)	1,578
Restricted cash	(25,481)	55,403
Inventory - PINs and other	38,274	7,947
Trade accounts receivable	28,221	41,017
Prepaid expenses and other current assets	(9,373)	3,641
Trade accounts payable	29,466	(27,490)
Deferred revenue	(4,514)	(3,866)
Accrued expenses and other current liabilities	(39,605)	(26,321)
Changes in noncurrent assets and liabilities	(4,883)	(9,515)
Net cash provided by operating activities	85,765	117,343
Cash flows from investing activities:
Acquisitions, net of cash acquired	(24,418)	(10,262)
Purchases of property and equipment	(21,075)	(26,203)
Purchases of other long-term assets	(3,287)	(1,726)
Proceeds from sale of investment securities		2,981
Other, net	2,074	(161)
Net cash used in investing activities	(46,706)	(35,371)
Cash flows from financing activities:
Proceeds from issuance of shares	1,458	1,957
Borrowings from revolving credit agreements classified as non-current liabilities	119,000	296,400
Repayments of revolving credit agreements classified as non-current liabilities	(158,172)	(311,165)
Repayments of long-term debt obligations	(2,727)	(27,558)
Repayments of capital lease obligations	(1,876)	(4,438)
Cash dividends paid to noncontrolling interests stockholders	(1,676)	(2,413)
Other, net	437	(793)
Net cash used in financing activities	(43,556)	(48,010)
Effect of exchange rate changes on cash and cash equivalents	(322)	5,744
Increase (decrease) in cash and cash equivalents	(4,819)	39,706
Cash and cash equivalents at beginning of period (includes cash of discontinued operations of $552 in 2009)	183,528	181,893
Cash and cash equivalents at end of period (includes cash of discontinued operations of $1,389 in 2009)	178,709	221,599
Interest paid during the period	6,952	8,754
Income taxes paid during the period	$ 20,056	$ 23,199

Consolidated Statements of Cash Flows (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2009	Dec. 31, 2008
Consolidated Statements of Cash Flows [Abstract]
Cash of discontinued operations	$ 1,389	$ 552

General	9 Months Ended
General	Sep. 30, 2010
General [Abstract]
GENERAL	(1) GENERAL Organization Euronet Worldwide, Inc. and its subsidiaries (the “Company” or “Euronet”) is an industry leader in processing secure electronic financial transactions in three principal operating segments. Euronet’s EFT Processing Segment provides end-to-end solutions relating to operations of automated teller machine (“ATM”) and point-of-sale (“POS”) networks, and debit and credit card processing in Europe, the Middle East and Asia Pacific. The epay Segment is one of the world’s largest providers of “top-up” services for prepaid products, primarily prepaid mobile airtime, distributing these products in Europe, the Middle East, Asia Pacific, North America and South America. The Money Transfer Segment is comprised primarily of the Company’s RIA Envia, Inc. (“RIA”) subsidiary and its operating subsidiaries, which is one of the largest global money transfer companies based upon revenues and volumes. The Money Transfer Segment provides services through a sending network of agents and Company-owned stores primarily in North America and Europe, disbursing money transfers through a worldwide correspondent network. See Note 9, Segment Information, for additional information about the Company’s operating segments. Basis of presentation The accompanying unaudited consolidated financial statements have been prepared from the records of the Company, in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, such unaudited consolidated financial statements contain all adjustments (consisting of normal interim closing procedures) necessary to present fairly the financial position of the Company as of September 30, 2010, and the results of its operations for the three- and nine-month periods ended September 30, 2010 and 2009 and its cash flows for the nine-month periods ended September 30, 2010 and 2009. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of Euronet for the year ended December 31, 2009, including the notes thereto, set forth in the Company’s 2009 Annual Report on Form 10-K. The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the unaudited consolidated financial statements and accompanying notes. Actual results could differ from those estimates. The results of operations for the three- and nine-month periods ended September 30, 2010 are not necessarily indicative of the results to be expected for the full year ending December 31, 2010. Certain amounts in the prior year have been reclassified to conform to current period presentation.

Summary of Significant Accounting Policies and Practices	9 Months Ended
	Sep. 30, 2010
Summary of Significant Accounting Policies and Practices [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES	(2) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND PRACTICES Multiple-deliverable revenue arrangements Effective January 1, 2010, the Company adopted the provisions of Financial Accounting Standards Board (“FASB”) Accounting Standards Update (“ASU”) 2009-13, Revenue Recognition (Topic 605): Multiple-Deliverable Revenue Arrangements — a consensus of the FASB Emerging Issues Task Force. ASU 2009-13 adds estimated selling price as acceptable evidence of fair value of undelivered products and services in revenue arrangements with multiple deliverables. Estimated selling price can be used if there is no vendor specific objective evidence or third-party evidence of fair value. Additionally, ASU 2009-13 eliminates the use of the residual method of allocating revenue and establishes the relative selling price method as the appropriate means to allocate revenue to each deliverable of an arrangement. The adoption of ASU 2009-13 did not materially affect the Company’s unaudited consolidated financial statements. Money transfer settlement obligations Money transfer settlement obligations are recorded in accrued expenses and other current liabilities on the Company’s unaudited Consolidated Balance Sheets and consist of amounts owed by Euronet to money transfer recipients. As of September 30, 2010, the Company’s money transfer settlement obligations were $33.2 million.

Earnings Per Share

9 Months Ended

Sep. 30, 2010

Earnings Per Share [Abstract]

EARNINGS PER SHARE

(3) EARNINGS PER SHARE

Basic earnings per share has been computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted earnings per share has been computed by dividing earnings available to common stockholders by the weighted average shares outstanding during the respective period, after adjusting for any potential dilution of the assumed conversion of the Company’s convertible debentures, shares issuable in connection with acquisition obligations, restricted stock and options to purchase the Company’s common stock. The following table provides the computation of diluted weighted average number of common shares outstanding:


	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2010		2009		2010		2009
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		50,872,551		50,560,371		50,862,725		50,426,113
Incremental shares from assumed conversion of stock options and restricted stock		666,599		1,346,531		822,988		780,250


Diluted weighted average shares outstanding		51,539,150		51,906,902		51,685,713		51,206,363

The table includes all stock options and restricted stock that are dilutive to Euronet’s weighted average common shares outstanding during the period. The calculation of diluted earnings per share excludes stock options or shares of restricted stock that are anti-dilutive to the Company’s weighted average common shares outstanding of approximately 2,360,000 and 2,350,000 for the three- and nine-month periods ended September 30, 2010, respectively, and of approximately 954,000 and 1,878,000 for the three- and nine-month periods ended September 30, 2009, respectively.

The Company has convertible debentures that, if converted, would have a potentially dilutive effect on the Company’s stock. As required by Accounting Standards Codification (“ASC”) Topic 260, Earnings per Share, if dilutive, the impact of the contingently issuable shares must be included in the calculation of diluted earnings per share under the “if-converted” method, regardless of whether the conditions upon which the debentures would be convertible into shares of the Company’s common stock have been met. The Company’s 3.50% debentures are convertible into 4.3 million shares of common stock only upon the occurrence of certain conditions. Under the if-converted method, the assumed conversion of the 3.50% debentures was anti-dilutive for the three- and nine-month periods ended September 30, 2010 and 2009. The Company’s remaining 1.625% convertible debentures outstanding were repurchased in January 2010 and the assumed conversion of the then-outstanding debentures was anti-dilutive for the nine-month period ended September 30, 2010 and for the three- and nine-month periods ended September 30, 2009.

Acquisitions

9 Months Ended

Sep. 30, 2010

Acquisitions [Abstract]

ACQUISITIONS

(4) ACQUISITIONS

Effective September 1, 2010, the Company acquired 98.8% of the common stock of Telecomnet, Inc. and its wholly-owned Brazilian operating subsidiary, which expands the Company’s epay operations into South America. The purchase price of approximately $44.5 million consists of $39.5 million paid from cash on hand and the $5.0 million fair value of contingent consideration. Pursuant to the terms of the Share Purchase and Sale Agreement, the Company may be required to pay the sellers additional consideration contingent upon the level of earnings achieved by Telecomnet, Inc. for 2010. Additionally, $4.9 million in cash is being held in escrow to secure certain obligations of the sellers under the Share Purchase and Sale Agreement. As of October 29, 2010, the Company executed a short-form merger, which effectively increased its ownership percentage to 100%. In the third quarter of 2010, the Company also acquired the net assets of a U.S.-based money transfer company for approximately $1.0 million in cash. The following table summarizes the fair values of the acquired net assets at the respective acquisition dates, which remain preliminary while management completes its valuation of the fair values of the net assets acquired:


(dollar amounts in thousands)	Estimated Life
Current assets		$	33,831
Property and equipment	3 - 5 years		3,564
Customer relationships	8 years		11,492
Trademarks and trade names	2 years		837
Non-compete agreements	2 years		390
Goodwill	Indefinite		25,871
Other non-current assets			74

Fair value of assets			76,059

Current liabilities			(24,010	)
Deferred income tax liability			(4,945	)
Other non-current liabilities			(1,134	)


Fair value of net assets			45,970

Noncontrolling interest			(538	)


Net assets acquired		$	45,432

Gain on dispute settlement

In the third quarter of 2010, the Company reached a settlement regarding a dispute with the sellers of RIA Envia, Inc. (“RIA”). The Company received 226,634 shares of Euronet stock that had been held in escrow related to the RIA acquisition. The $3.5 million fair value of the shares on the date of settlement was recorded as an addition to treasury stock and $3.1 million, net of settlement costs, was recorded as a non-operating gain.

Discontinued Operations

9 Months Ended

Sep. 30, 2010

Discontinued Operations [Abstract]

DISCONTINUED OPERATIONS

(5) DISCONTINUED OPERATIONS

During the fourth quarter of 2009, the Company sold Euronet Essentis Limited (“Essentis”), a U.K. software entity, in order to focus its investments and resources on its transaction processing businesses. Accordingly, Essentis’s results of operations are shown as discontinued operations in the unaudited Consolidated Statements of Income. Previously, Essentis’s results were reported in the EFT Processing Segment. The segment results in Note 9, Segment Information, also reflect the classification of Essentis’s results in discontinued operations. The following amounts related to Essentis have been segregated from continuing operations and reported as discontinued operations:


	Three Months Ended		Nine Months Ended
(in thousands)	September 30, 2009		September 30, 2009
Revenues	$	2,288	$	5,547
Income before income taxes	$	646	$	765
Net income	$	452	$	537

Goodwill and Acquired Intangible Assets, Net

9 Months Ended

Sep. 30, 2010

Goodwill and Acquired Intangible Assets Net [Abstract]

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

A summary of acquired intangible assets and goodwill activity for the nine-month period ended September 30, 2010 is presented below:


	Acquired						Total
	Intangible						Intangible
(in thousands)	Assets			Goodwill			Assets
Balance as of December 31, 2009	$	112,948		$	504,650		$	617,598
Increases (decreases):
Acquisitions		12,719			25,871			38,590
Amortization		(17,066	)		—			(17,066	)
Other (primarily changes in foreign currency exchange rates)		(3,349	)		(11,823	)		(15,172	)


Balance as of September 30, 2010	$	105,252		$	518,698		$	623,950

Estimated annual amortization expense on intangible assets with finite lives, before income taxes, as of September 30, 2010, is expected to total $23.4 million for 2010, $21.4 million for 2011, $18.8 million for 2012, $14.0 million for 2013, $11.2 million for 2014 and $6.1 million for 2015.

The Company’s annual goodwill impairment test is performed during the fourth quarter. The Company’s annual impairment test for the year ended December 31, 2008 resulted in the Company recording an estimated non-cash goodwill impairment charge of $219.8 million in the fourth quarter of 2008 related to its RIA money transfer business and its Spanish prepaid business. The Company completed the impairment testing in the first quarter of 2009 and recorded an additional non-cash goodwill impairment charge of $8.8 million and a $1.1 million non-cash impairment charge related to a money transfer intangible asset in the first quarter of 2009. The annual impairment test completed in the fourth quarter of 2009 resulted in no impairment charges.

Determining the fair value of reporting units requires significant management judgment in estimating future cash flows and assessing potential market and economic conditions. It is reasonably possible that the Company’s operations will not perform as expected, or that estimates or assumptions could change, which may result in the Company recording additional material non-cash impairment charges during the year in which these changes take place.

Debt Obligations

9 Months Ended

Sep. 30, 2010

Debt Obligations [Abstract]

DEBT OBLIGATIONS

(7) DEBT OBLIGATIONS

A summary of debt obligation activity for the nine-month period ended September 30, 2010 is presented below:


										1.625%			3.50%
	Revolving									Convertible			Convertible
	Credit			Other Debt			Capital			Debentures			Debentures
(in thousands)	Facilities			Obligations			Leases			Due 2024			Due 2025		Term Loan			Total
Balance at December 31, 2009	$	39,164		$	92		$	4,507		$	1,227		$	153,927	$	129,000		$	327,917
Increases (decreases):
Net borrowings (repayments)		(39,172	)		398			349			(1,227	)		—		(1,500	)		(41,152	)
Accretion		—			—			—			—			5,250		—			5,250
Capital lease interest		—			—			269			—			—		—			269
Foreign currency exchange (gain) loss		8			196			(106	)		—			—		—			98


Balance at September 30, 2010		—			686			5,019			—			159,177		127,500			292,382

Less — current maturities		—			(598	)		(2,877	)		—			—		(1,900	)		(5,375	)


Long-term obligations at September 30, 2010	$	—		$	88		$	2,142		$	—		$	159,177	$	125,600		$	287,007

In January 2010, the Company elected to redeem the remaining $1.2 million of outstanding 1.625% debentures at par. Contractual interest expense for the 1.625% convertible debentures was $1 thousand for the nine months ended September 30, 2010. Contractual interest expense was $0.2 million and $0.7 million and discount accretion was $0.6 million and $2.2 million for the three and nine months ended September 30, 2009, respectively. The effective interest rate was 1.625% for the period the debentures were outstanding during 2010 and 7.1% for the three and nine months ended September 30, 2009.

The 3.50% convertible debentures had principal amounts outstanding of $175.0 million and unamortized discounts outstanding of $15.8 million and $21.1 million as of September 30, 2010 and December 31, 2009, respectively. The discount will be amortized through October 15, 2012. Contractual interest expense was $1.5 million and $4.6 million for the respective three- and nine-month periods ended September 30, 2010 and 2009. Discount accretion was $1.8 million and $5.3 million for the three and nine months ended September 30, 2010, respectively, and $1.6 million and $4.8 million for the three and nine months ended September 30, 2009, respectively. The effective interest rate was 8.4% for the three and nine months ended September 30, 2010 and 2009.

Derivative Instruments and Hedging Activities

9 Months Ended

Sep. 30, 2010

Derivative Instruments and Hedging Activities [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

(8) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

As of September 30, 2010, the Company had foreign currency forward contracts outstanding with a notional value of $49.5 million, primarily in euros and U.S. dollars, which were not designated as hedges and had a weighted average remaining maturity of 3.5 days. Although the Company enters into foreign currency forward contracts to offset foreign currency exposure related to the notional value of money transfer transactions collected in currencies other than the U.S. dollar, they are not designated as hedges under ASC Topic 815. This is mainly due to the relatively short duration of the contracts, typically 1 to 14 days, and the frequency with which the Company enters into them. Due to the short duration of the contracts and the Company’s credit profile, the Company is generally not required to post collateral with respect to its foreign currency forward contracts.

The Company has an office lease in a foreign country that requires payment in a currency that is not the functional currency of either party to the lease or the Company’s reporting currency. Therefore, the lease contains an embedded derivative per ASC Topic 815 and its fair value is recorded in the unaudited Consolidated Balance Sheets.

During 2007, the Company entered into interest rate swap agreements for a total notional amount of $50 million to manage interest rate exposure related to a portion of the term loan. The interest rate swap agreements were determined to be cash flow hedges and effectively converted $50 million of the term loan to a fixed interest rate of 7.3% through the May 2009 maturity date of the swap agreements. The swap agreements required no payment by either party at their maturities.

Below are the tabular disclosures required for derivative instruments:


		Fair Values of Derivative
		Instruments
	Consolidated Balance	September 30,			December 31,
(in thousands)	Sheet Location	2010			2009
Derivatives not designated as hedging instruments under ASC Topic 815

		Asset Derivatives

Foreign currency derivative contracts — gross gains	Cash and cash equivalents	$	32		$	138
Foreign currency derivative contracts — gross losses	Cash and cash equivalents		(345	)		(102	)

Total		$	(313	)	$	36


		Liability Derivatives

Embedded derivative in foreign lease	Other long-term liabilities	$	(174	)	$	(220	)


Total derivatives		$	(487	)	$	(184	)

Amount of Gain Recognized in

OCI on Derivative (Effective

Portion)

Three Months Ended

Nine Months Ended

September 30,

(in thousands)

2010

2009

2010

2009

Derivatives in ASC Topic 815 Cash Flow Hedging Relationships

Interest rate swaps related to floating rate debt

—

830


		Amount of Gain (Loss)					Amount of Gain (Loss)
		Recognized in Income on					Recognized in Income on
		Derivative					Derivative
	Location of Gain (Loss)	Three Months Ended					Nine Months Ended
	Recognized in Income	September 30,					September 30,
(in thousands)	on Derivative	2010			2009		2010		2009
Derivatives not designated as hedging instruments under ASC Topic 815
Foreign currency derivative Contracts	Foreign currency exchange gain (loss), net	$	(2	)	$	5	$	97	$	10
Embedded derivative in foreign lease	Foreign currency exchange gain (loss), net		24			50		46		(243	)

Total		$	22		$	55	$	143	$	(233	)

See Note 10, Fair Value Measurements, for the determination of the fair values of derivatives.

Segment Information

9 Months Ended

Sep. 30, 2010

Segment Information [Abstract]

SEGMENT INFORMATION

(9) SEGMENT INFORMATION

Euronet’s reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting. The Company currently operates in the following three reportable operating segments:

	1)		Through the EFT Processing Segment, the Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East and Asia Pacific. The Company provides comprehensive electronic payment solutions consisting of ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing and electronic recharge services for prepaid mobile airtime. Through this segment, the Company also offers a suite of integrated electronic financial transaction (“EFT”) software solutions for electronic payment and transaction delivery systems.

	2)		Through the epay Segment, the Company provides distribution of prepaid mobile airtime and other electronic payment products and collection services in Europe, the Middle East, Asia Pacific, North America and South America.

	3)		Through the Money Transfer Segment, the Company provides global consumer-to-consumer money transfer and bill payment services through a sending network of agents and Company-owned stores primarily in North America and Europe, disbursing money transfers through a worldwide correspondent network. Bill payment services are offered primarily in the U.S.

In addition, in its administrative division, “Corporate Services, Eliminations and Other,” the Company accounts for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services to the three segments. These services are not directly identifiable with the Company’s reportable operating segments.

The following tables present the segment results of the Company’s operations for the three- and nine-month periods ended September 30, 2010 and 2009:


	For the Three Months Ended September 30, 2010
							Corporate
							Services,
	EFT				Money		Eliminations
(in thousands)	Processing		epay		Transfer		and Other			Consolidated
Total revenues	$	49,098	$	148,037	$	63,088	$	—		$	260,223


Operating expenses:
Direct operating costs		22,492		115,847		29,100		—			167,439
Salaries and benefits		7,055		8,600		14,924		4,428			35,007
Selling, general and administrative		4,152		7,619		10,191		1,264			23,226
Depreciation and amortization		4,894		4,173		5,148		74			14,289


Total operating expenses		38,593		136,239		59,363		5,766			239,961


Operating income (loss)	$	10,505	$	11,798	$	3,725	$	(5,766	)	$	20,262


	For the Three Months Ended September 30, 2009
							Corporate
							Services,
	EFT				Money		Eliminations
(in thousands)	Processing		Epay		Transfer		and Other			Consolidated
Total revenues	$	50,939	$	153,610	$	60,271	$	—		$	264,820


Operating expenses:
Direct operating costs		21,973		123,423		28,097		—			173,493
Salaries and benefits		7,890		7,486		14,626		4,731			34,733
Selling, general and administrative		3,992		5,219		9,680		1,178			20,069
Depreciation and amortization		4,835		3,934		5,293		378			14,440


Total operating expenses		38,690		140,062		57,696		6,287			242,735


Operating income (loss)	$	12,249	$	13,548	$	2,575	$	(6,287	)	$	22,085


	For the Nine Months Ended September 30, 2010
							Corporate
							Services,
	EFT				Money		Eliminations
(in thousands)	Processing		epay		Transfer		and Other			Consolidated
Total revenues	$	144,152	$	431,106	$	179,196	$	—		$	754,454


Operating expenses:
Direct operating costs		69,210		341,200		83,726		—			494,136
Salaries and benefits		20,159		24,079		43,007		11,382			98,627
Selling, general and administrative		12,022		20,279		27,801		4,167			64,269
Depreciation and amortization		14,304		12,150		15,205		730			42,389


Total operating expenses		115,695		397,708		169,739		16,279			699,421


Operating income (loss)	$	28,457	$	33,398	$	9,457	$	(16,279	)	$	55,033


	For the Nine Months Ended September 30, 2009
								Corporate
								Services,
	EFT				Money			Eliminations
(in thousands)	Processing		epay		Transfer			and Other			Consolidated
Total revenues	$	142,737	$	433,386	$	171,008		$	—		$	747,131


Operating expenses:
Direct operating costs		60,584		349,800		81,710			—			492,094
Salaries and benefits		22,345		20,703		39,549			11,817			94,414
Selling, general and administrative		12,296		15,170		27,342			5,240			60,048
Goodwill and acquired intangible assets impairment		—		—		9,884			—			9,884
Depreciation and amortization		13,554		11,178		15,138			1,014			40,884


Total operating expenses		108,779		396,851		173,623			18,071			697,324


Operating income (loss)	$	33,958	$	36,535	$	(2,615	)	$	(18,071	)	$	49,807

Fair Value Measurements

9 Months Ended

Sep. 30, 2010

Fair Value Measurements [Abstract]

FAIR VALUE MEASUREMENTS

(10) FAIR VALUE MEASUREMENTS

The carrying amounts of cash and cash equivalents, trade accounts receivable, trade accounts payable and short-term debt obligations approximate fair values due to their short maturities. The carrying values of the Company’s term loan due 2014 and revolving credit agreements approximate fair values because interest is based on London Inter-Bank Offered Rate (“LIBOR”) that resets at various intervals of less than one year. The following table provides the estimated fair values of the Company’s other financial instruments, based on quoted market prices or significant other observable inputs.


	As of
	September 30, 2010						December 31, 2009
	Carrying						Carrying
(in thousands)	Value			Fair Value			Value			Fair Value
3.50% convertible debentures, unsecured, due 2025		(159,177	)		(171,392	)		(153,927	)		(162,313	)
Foreign currency derivative contracts		(313	)		(313	)		36			36
Embedded derivative in foreign lease		(174	)		(174	)		(220	)		(220	)
1.625% convertible senior debentures, unsecured, due 2024		—			—			(1,227	)		(1,224	)

The Company’s assets and liabilities recorded at fair value on a recurring basis using significant other observable inputs are the foreign currency derivative contracts and the embedded derivative in foreign lease. The Company values foreign currency derivative contracts using foreign currency exchange quotations for similar assets and liabilities. The embedded derivative in foreign lease is valued using present value techniques and foreign currency exchange quotations.

Certain assets are measured at fair value on a non-recurring basis. During the first quarter of 2009, the Company finalized the assessment of the fair value of the goodwill related to its RIA money transfer business and its Spanish prepaid business and recorded an impairment charge of $8.8 million as discussed in Note 6, Goodwill and Acquired Intangible Assets, Net. The fair values were determined using significant unobservable inputs. The $258.8 million fair value of goodwill was determined by calculating its implied fair value as the excess of the fair value of the respective entity over the fair value of its net assets. Additionally, during the first quarter of 2009, management determined that an acquired intangible asset associated with a previous acquisition in the Money Transfer Segment had no value and, accordingly, the Company wrote off the remaining net book value of the intangible asset of $1.1 million.

Guarantees

9 Months Ended

Sep. 30, 2010

Guarantees [Abstract]

GUARANTEES

(11) GUARANTEES

As of September 30, 2010, the Company had $86.9 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $15.6 million are collateralized by cash deposits held by the respective issuing banks and $6.2 million are collateralized by trade accounts receivable.

Under certain circumstances, Euronet grants guarantees in support of obligations of subsidiaries. As of September 30, 2010, the Company granted off balance sheet guarantees for cash in various ATM networks amounting to $20.6 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $28.9 million over the terms of the agreements with the customers.

From time to time, Euronet enters into agreements with unaffiliated parties that contain indemnification provisions, the terms of which may vary depending on the negotiated terms of each respective agreement. The amount of such potential obligations is generally not stated in the agreements. Our liability under such indemnification provisions may be mitigated by relevant insurance coverage and may be subject to time and materiality limitations, monetary caps and other conditions and defenses. Such indemnification obligations include the following:

	•		In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for damage to ATMs and theft of ATM network cash that, generally, is not recorded on the Company’s Consolidated Balance Sheets. As of September 30, 2010, the balance of ATM network cash for which the Company was responsible was approximately $265 million. The Company maintains insurance policies to mitigate this exposure;

	•		In connection with the license of proprietary systems to customers, Euronet provides certain warranties and infringement indemnities to the licensee, which generally warrant that such systems do not infringe on intellectual property owned by third parties and that the systems will perform in accordance with their specifications;

	•		Euronet has entered into purchase and service agreements with vendors and consulting agreements with providers of consulting services, pursuant to which the Company has agreed to indemnify certain of such vendors and consultants, respectively, against third-party claims arising from the Company’s use of the vendor’s product or the services of the vendor or consultant;

	•		In connection with acquisitions and dispositions of subsidiaries, operating units and business assets, the Company has entered into agreements containing indemnification provisions, which can be generally described as follows: (i) in connection with acquisitions made by Euronet, the Company has agreed to indemnify the seller against third party claims made against the seller relating to the subject subsidiary, operating unit or asset and arising after the closing of the transaction, and (ii) in connection with dispositions made by Euronet, Euronet has agreed to indemnify the buyer against damages incurred by the buyer due to the buyer’s reliance on representations and warranties relating to the subject subsidiary, operating unit or business assets in the disposition agreement if such representations or warranties were untrue when made;

	•		Euronet has entered into agreements with certain third parties, including banks that provide fiduciary and other services to Euronet or to the Company’s benefit plans. Under such agreements, the Company has agreed to indemnify such service providers for third party claims relating to the carrying out of their respective duties under such agreements; and

	•		The Company has obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities.

The Company is also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which the Company has money transfer operations. To date, the Company is not aware of any significant claims made by the indemnified parties or third parties to guarantee agreements with the Company and, accordingly, no liabilities were recorded as of September 30, 2010 or December 31, 2009.

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 2010
Income Taxes [Abstract]
INCOME TAXES	(12) INCOME TAXES The Company’s effective tax rates for continuing operations were 25.1% and 30.4% for the three-month periods ended September 30, 2010 and 2009, respectively, and were 42.3% and 46.8% for the nine-month periods ended September 30, 2010 and 2009, respectively. The effective tax rates were significantly influenced by the foreign currency exchange gains and losses in the respective periods and by the gain on dispute settlement in the third quarter of 2010, the gain on sale of investment securities in the third quarter of 2009 and the goodwill and acquired intangible assets impairment charge in the first quarter of 2009. Excluding these items from pre-tax income, as well as the related tax effects for these items, the Company’s effective tax rates were 43.0% and 46.3% for the three months ended September 30, 2010 and 2009, respectively, and 40.5% and 45.0% for the nine months ended September 30, 2010 and 2009, respectively. The increase in the effective tax rate, as adjusted, for the three and nine months ended September 30, 2010 compared to the applicable statutory rate of 35% is primarily related to the Company’s U.S. tax position. For the three- and nine-month periods ended September 30, 2010, the Company has recorded a valuation allowance against its U.S. federal tax net operating losses as it is more likely than not that a tax benefit will not be realized. Accordingly, the federal income tax benefit associated with pre-tax book losses generated by the Company’s U.S. entities has not been recognized in these periods. The effective tax rate for the third quarter of 2010 is lower than that of the third quarter of 2009 because a greater portion of the Company’s income was earned in countries with lower tax rates during the third quarter of 2010 than during the same period in 2009. Also contributing to the decrease in the effective tax rate for the first nine months of 2010 compared to the same period in 2009 was a $1.0 million adjustment to the reserve related to deferred tax assets generated from prior U.S. net operating losses and a $0.8 million adjustment related to a foreign tax law change recorded in the first nine months of 2010.

Contingencies	9 Months Ended
Contingencies	Sep. 30, 2010
Contingencies [Abstract]
CONTINGENCIES	(13) CONTINGENCIES In the second quarter of 2009, the Antitrust Division of the United States Department of Justice (the “DOJ”) served Continental Exchange Solutions, Inc. d/b/a RIA Financial Services (“CES”), an indirect, wholly-owned subsidiary of the Company, with a grand jury subpoena requesting documents from CES and its affiliates in connection with an investigation into possible price collusion related to money transmission services to the Dominican Republic (“D.R.”) during the period from January 1, 2004 to the date of the subpoena. The Company acquired all of the stock of RIA Envia, Inc., the parent of CES, in April 2007. CES foreign exchange transactions between the U.S and the D.R. generated approximately 0.3% of the Company’s 2009 consolidated revenues. The Company and CES are fully cooperating with the DOJ in its investigation. The Company believes that, during the period covered by the DOJ investigation, CES generally derived part of its charge for exchanging U.S. dollars into D.R. pesos from a reference rate recommended by ADEREDI, a trade association in the D.R. composed of a CES subsidiary and other D.R. money transfer firms. The Company further believes, however, that CES set its own service fee on the D.R. transactions and its overall transaction price to customers. Customers were also free during this time period to use CES and other firms to transmit dollars into the D.R., without conversion into D.R. pesos, and the Company believes such transmissions occurred with increasing frequency over the course of this time period. At this time, the Company is unable to predict the outcome of the DOJ investigation, or, if charges were to be brought against CES, the possible range of loss, if any, associated with the resolution of any such charges. Nor can the Company predict any potential effect on the Company’s business, results of operations or financial condition arising from such charges or potential collateral consequences, which could include fines, penalties, limitations on or revocation of CES’s license to engage in the money transfer business in one or more states, and civil liability. In addition, the Company has incurred and may continue to incur significant fees and expenses in connection with the DOJ investigation and related matters.