0001029199-20-000038 | 10-Q | XBRL Viewer

Document and Entity Information - shares	3 Months Ended
Document and Entity Information - shares	Mar. 31, 2020	May 06, 2020
Entity Information [Line Items]
Entity File Number	001-31648
Entity Small Business	false
City Area Code	(913)
Local Phone Number	327-4200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Entity Registrant Name	EURONET WORLDWIDE INC
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		52,205,743
Entity Tax Identification Number	74-2806888
Entity Address, City or Town	Leawood,
Entity Address, Address Line One	3500 College Boulevard
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
Entity Emerging Growth Company	false
Common Stock [Member]
Entity Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	EEFT
Security Exchange Name	NASDAQ
1.375 Senior Notes due 2026 [Member]
Entity Information [Line Items]
Title of 12(b) Security	1.375% Senior Notes due 2026
Trading Symbol	EEFT26
Security Exchange Name	NASDAQ

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 709,521	$ 786,081
CashinATM	558,580	665,641
Restricted cash	28,953	34,301
Settlement Assets, Current	773,336	1,013,067
Trade accounts receivable, net of credit losses of $3,967 at March 31, 2020 and $3,892 at December 31, 2019	92,860	201,935
Prepaid expenses and other current assets	309,385	217,707
Total current assets	2,472,635	2,918,732
Operating right of use lease asset	379,584	377,543
Property and equipment, net of accumulated depreciation of $411,616 at March 31, 2020 and $410,243 at December 31, 2019	356,558	359,980
Goodwill	714,499	743,823
Acquired intangible assets, net of accumulated amortization of $201,810 at March 31, 2020 and $204,853 at December 31, 2019	130,177	141,847
Other assets, net of accumulated amortization of $47,941 at March 31, 2020 and $46,788 at December 31, 2019	130,932	115,741
Total assets	4,184,385	4,657,666
Current liabilities:
Settlement Liabilities, Current	773,336	1,013,067
Trade accounts payable	88,392	81,743
Accrued expenses and other current liabilities	365,326	294,557
Current portion of operating lease liabilities	129,151	127,353
Short-term debt obligations and current maturities of long-term debt obligations	3,528	6,089
Income taxes payable	40,090	52,583
Deferred revenue	61,767	58,588
Total current liabilities	1,461,590	1,633,980
Debt obligations, net of current portion	1,083,618	1,090,939
Operating lease obligations, net of current portion	243,639	241,977
Deferred Income Tax Liabilities, Net	52,613	56,067
Other long-term liabilities	53,653	55,361
Total liabilities	2,895,113	3,078,324
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; 62,853,785 issued at March 31, 2020 and 62,775,762 issued at December 31, 2019	1,257	1,256
Additional paid-in-capital	1,198,097	1,190,058
Treasury stock, at cost, 10,648,096 shares at March 31, 2020 and 8,554,908 shares at December 31, 2019	(703,716)	(463,704)
Retained earnings	1,018,475	1,016,554
Accumulated other comprehensive loss	(224,667)	(164,890)
Total Euronet Worldwide, Inc. stockholders' equity	1,289,446	1,579,274
Noncontrolling interests	(174)	68
Total equity	1,289,272	1,579,342
Total liabilities and equity	$ 4,184,385	$ 4,657,666

Balance Sheet Parenthetical (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Allowance for doubtful accounts receivable	$ 3,967	$ 27,938
Accumulated depreciation of property and equipment	411,616	410,243
Accumulated amortization of intangible assets	201,810	204,853
Accumulated amortization of other assets	$ 47,941	$ 46,788
Preferred Stock, par value per share	$ 0.02	$ 0.02
Preferred Stock, shares authorized	10,000,000	10,000,000
Preferred Stock, shares issued	0	0
Common Stock, par value per share	$ 0.02	$ 0.02
Common Stock, shares authorized	90,000,000	90,000,000
Common Stock, shares issued	62,853,785	62,775,762
Treasury Stock, shares	10,648,096	8,554,908

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues	$ 583,907	$ 577,509
Operating expenses:
Direct operating costs	359,456	353,833
Salaries and benefits	101,240	92,795
Selling, general and administrative	60,793	48,147
Depreciation and amortization	30,816	26,640
Total operating expenses	552,305	521,415
Operating income	31,602	56,094
Other income (expense):
Interest income	567	343
Interest expense	(9,233)	(8,199)
Loss on early retirement of debt	0	(928)
Foreign currency exchange (loss) gain, net	(18,806)	3,208
Other gains	31	25
Other (expense) income, net	(27,441)	(5,551)
Income before income taxes	4,161	50,543
Income tax expense	(2,441)	(15,964)
Net income	1,720	34,579
Net loss attributable to noncontrolling interests	201	(36)
Net income attributable to Euronet Worldwide, Inc.	$ 1,921	$ 34,543
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - basic	$ 0.04	$ 0.67
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted	$ 0.04	$ 0.62
Weighted average number of shares outstanding - basic	53,607,104	51,880,534
Weighted average number of shares outstanding - diluted	54,779,321	55,576,867

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net income	$ 1,720	$ 34,579
Translation adjustment	(59,818)	(16,156)
Comprehensive income	(58,098)	18,423
Comprehensive loss (income) attributable to noncontrolling interests	242	(7)
Comprehensive (loss) income attributable to Euronet Worldwide, Inc.	$ (57,856)	$ 18,416

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income (loss) and other comprehensive income (loss), attributable to noncontrolling interests. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest.

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+ Details

Consolidated Statements of Changes in Equity Statement - USD ($) $ in Thousands	Total	Retained Earnings [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Total Euronet Worldwide Inc. stockholders' equity at Dec. 31, 2018	$ 1,232,842	$ 669,805	$ 1,198	$ 1,104,264	$ (391,551)	$ (151,043)	$ 169
Number of Shares Outstanding Period Start at Dec. 31, 2018	51,819,998
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			130,136
Number of Shares Outstanding Period End at Mar. 31, 2019	51,950,140
Net income attributable to Euronet Worldwide, Inc.	$ 34,543	34,543
Net income attributable to noncontrolling interest	36						36
Net income	34,579
Other Comprehensive Income (Loss), Net of Tax	(16,185)					(16,156)	(29)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	(3,441)		$ (3)	(5,194)	(1,756)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	4,490			4,490
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	71,660			71,660
Stock Issued During Period, Shares, Conversion of Convertible Securities			6
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments				(42,917)
Stock Issued During Period, Value, Conversion of Convertible Securities, Net of Adjustments	(42,917)
Total Euronet Worldwide Inc. stockholders' equity at Mar. 31, 2019	1,287,910	704,348	$ 1,201	1,142,691	(393,307)	(167,199)	176
Total Euronet Worldwide Inc. stockholders' equity at Dec. 31, 2019	$ 1,579,342	1,016,554	$ 1,256	1,190,058	(463,704)	(164,890)	68
Number of Shares Outstanding Period Start at Dec. 31, 2019	54,220,854
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture			80,519
Number of Shares Outstanding Period End at Mar. 31, 2020	52,205,690
Net income attributable to Euronet Worldwide, Inc.	$ 1,921	1,921
Net income attributable to noncontrolling interest	(201)						(201)
Net income	1,720
Other Comprehensive Income (Loss), Net of Tax	(59,818)					(59,777)	(41)
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture	(1,453)		$ (1)	(1,701)	(249)
APIC, Share-based Payment Arrangement, Increase for Cost Recognition	$ 6,338			6,338
Treasury Stock, Shares, Acquired	(2,095,683)
Treasury Stock, Value, Acquired, Cost Method	$ (239,763)
Total Euronet Worldwide Inc. stockholders' equity at Mar. 31, 2020	$ 1,289,272	$ 1,018,475	$ 1,257	$ 1,198,097	$ (703,716)	$ (224,667)	$ (174)

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect	$ (227,626)	$ 160,290
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,589,753	1,291,242
Net income	1,720	34,579
Net Income (Loss) Attributable to Parent	1,921	34,543
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	30,816	26,640
Share-based compensation	6,338	4,490
Unrealized foreign exchange loss (gain), net	18,806	(3,208)
Deferred income taxes	(2,043)	3,468
Accretion of convertible debt discount and amortization of debt issuance costs	4,616	4,071
Changes in working capital, net of amounts acquired:
Income taxes payable, net	(10,454)	635
Trade accounts receivable	300,063	(31,456)
Prepaid expenses and other current assets	(119,648)	33,787
Trade accounts payable	(126,242)	(115,380)
Accrued expenses and other current liabilities	14,811	51,377
Deferred revenue	4,119	3,005
Changes in noncurrent assets and liabilities	(17,018)	953
Net cash provided by operating activities	105,884	12,961
Cash flows from investing activities:
Acquisitions, net of cash acquired	475	0
Purchases of property and equipment	(30,392)	(31,390)
Purchases of other long-term assets	(2,046)	(1,783)
Other, net	357	187
Net cash used in investing activities	(31,606)	(32,986)
Cash flows from financing activities:
Proceeds from issuance of shares	1,700	5,171
Repurchase of shares	(240,530)	(2,275)
Borrowings from revolving credit agreements	805,500	1,209,446
Repayments of revolving credit agreements	(805,500)	(1,425,398)
Proceeds from Convertible Debt	0	525,000
Repayments of long-term debt obligations	0	(94,199)
Borrowings from short-term debt obligations, net	(2,163)	(11,779)
Payments of Debt Issuance Costs	0	(11,812)
Other, net	(1,651)	(1,452)
Net cash provided by financing activities	(242,644)	192,702
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	(59,260)	(12,387)
Interest paid during the period	3,678	5,491
Income taxes paid during the period	$ 16,064	$ 12,074

General	3 Months Ended
General	Mar. 31, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	GENERAL Organization Euronet Worldwide, Inc. (the “Company” or “Euronet”) was established as a Delaware corporation on December 13, 1997 and succeeded Euronet Holding N.V. as the group holding company, which was founded and established in 1994. Euronet is a leading electronic payments provider. Euronet offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Euronet's primary product offerings include comprehensive automated teller machine (“ATM”), point-of-sale (“POS”), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products, and global money transfer services. 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 only of normal recurring adjustments) necessary to fairly present the consolidated financial position and the results of operations, comprehensive income and cash flows for the interim periods. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2019, including the notes thereto, set forth in the Company’s 2019 Annual Report on Form 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include computing income taxes, estimating the useful lives and potential impairment of long-lived assets and goodwill, as well as allocating the purchase price to assets acquired and liabilities assumed in acquisitions and revenue recognition. Actual results could differ from those estimates. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ending December 31, 2020. Seasonality Euronet’s Electronic Funds Transfer ("EFT") Processing Segment experiences its heaviest demand for dynamic currency conversion services during the third quarter of the fiscal year, normally coinciding with the tourism season. Additionally, the EFT Processing and epay Segments are normally impacted by seasonality during the fourth quarter and first quarter of each year due to higher transaction levels during the holiday season and lower levels following the holiday season. Seasonality in the money transfer segment varies by region of the world. In most markets, Euronet usually experiences increased demand for money transfer services from the month of May through the fourth quarter of each year, coinciding with the increase in worker migration patterns and various holidays, and its lowest transaction levels during the first quarter of the year. COVID-19 (coronavirus) The outbreak of the COVID-19 (coronavirus) pandemic has resulted in travel restrictions across borders, and shelter-in-place orders in most of the countries where the Company operates. The majority of these orders went into effect in late February 2020 or early March 2020. These orders have negatively impacted all of our three operating segments. The EFT Segment has experienced declines in transaction volumes due to these restrictions, especially high-margin cross-border transactions. Although the epay Segment has experienced revenue growth from increased digital content purchases which can be completed remotely, many of its POS retail locations have been closed, reducing in person transactions. Our Money Transfer Segment has experienced declines in transaction volumes due to the restrictions noted above, which have also led to the temporary closure of many of our company owned stores and agents. The Money Transfer Segment has experienced an increase in receivable delinquencies as our agents have been temporarily closed as nonessential services. In response to the COVID-19 driven impacts, the Company has implemented several key measures to offset the impact across the business, including negotiating certain third party contracts, reducing travel, decreasing planned 2020 capital expenditures, and expanding ATM winterizations (placing them in dormancy status) in more sites and more markets.

Recently Issued and Adopted Accounting Pronouncements	3 Months Ended
Recently Issued and Adopted Accounting Pronouncements	Mar. 31, 2020
Accounting Policies [Abstract]
Recently Issued and Adopted Accounting Pronouncements	RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions for contracts, hedging relationships, and other transactions affected by reference rate reform due to the anticipated cessation of LIBOR on or before December 31, 2021. This guidance is effective from March 12, 2020 through December 31, 2022 and could impact the accounting for LIBOR provisions in the Company’s unsecured credit agreement. The Company does not expect that the adoption of this guidance will have a significant impact on its consolidated financial statements. The Company adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), as of January 1, 2020, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaced the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements and related disclosures.

Settlement Assets Settlement Assets

3 Months Ended

Mar. 31, 2020

Settlement Assets [Abstract]

Settlement Assets

SETTLEMENT ASSETS AND OBLIGATIONS

Settlement assets represent funds received or to be received from agents for unsettled money transfers and from merchants for unsettled prepaid transactions. The Company records corresponding settlement obligations relating to amounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. Cash received by Euronet agents and merchants generally become available to the Company within two weeks after initial receipt by the business partner. Receivables from business partners represent funds collected by such business partners that are in transit to the Company.

Settlement obligations consist of money transfers and accounts payable to agents and content providers. Money transfer accounts payable represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from the Company. Money order accounts payable represent amounts not yet presented for payment. Due to the agent funding and settlement process, accounts payable to agents represent amounts due to agents for money transfers that have not been settled with transferees.



	As of
(in thousands)	March 31, 2020		December 31, 2019
Settlement assets:
Settlement cash and cash equivalents	$	256,456	$	282,188
Settlement restricted cash	36,243		49,168
Accounts receivable	364,148		574,410
Prepaid expenses and other current assets	116,489		107,301
Total settlement assets	$	773,336	$	1,013,067
Settlement obligations:
Trade account payables	$	353,498	$	504,667
Accrued expenses and other current liabilities	419,838		508,400
Total settlement obligations	$	773,336	$	1,013,067

A portion of the Company's credit losses are recorded in the accounts receivable within settlement assets. The balance of credit losses related to accounts receivable within settlement assets was $28.3 million and $24.0 million as of March 31, 2020 and December 31, 2019, respectively.

The table below reconciles cash and cash equivalents, restricted cash, ATM cash, settlement cash and cash equivalents, and settlement restricted cash as presented within "Cash and cash equivalents and restricted cash" in the Consolidated Statement of Cash Flows.



	As of
(in thousands)	March 31, 2020		December 31, 2019		March 31, 2019		December 31, 2018
Cash and cash equivalents	$	709,521	$	786,081	$	558,454	$	385,031
Restricted cash	28,953		34,301		34,398		31,237
ATM cash	558,580		665,641		421,897		395,378
Settlement cash and cash equivalents	256,456		282,188		235,946		273,948
Settlement restricted cash	36,243		49,168		40,547		45,358
Cash and cash equivalents and restricted cash at end of period	$	1,589,753	$	1,817,379	$	1,291,242	$	1,130,952

Stockholders' Equity

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

STOCKHOLDERS' EQUITY

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 the potential dilution of options to purchase the Company's Common Stock, assumed vesting of restricted stock and the assumed conversion of the Company's convertible debt.

The following table provides the computation of diluted weighted average number of common shares outstanding:



	Three Months Ended March 31,
	2020	2019
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	53,607,104	51,880,534
Incremental shares from assumed exercise of stock options and vesting of restricted stock	1,172,217	1,285,139
Incremental shares from assumed conversion of convertible debentures	—	2,411,194
Diluted weighted average shares outstanding	54,779,321	55,576,867

The table includes all stock options and restricted stock that are dilutive to the Company'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 for the three months ended March 31, 2020 and 2019 of approximately 886,000 and 402,000, respectively.

The Company issued new Convertible Senior Notes ("Convertible Notes") due March 2049 on March 18, 2019 and retired the existing convertible notes ("Retired Convertible Notes") that would have matured in 2044 on May 28, 2019. The Company's Convertible Notes currently have, and the Retired Convertible Notes had, a settlement feature requiring the Company upon conversion to settle the principal amount of the debt and any conversion value in excess of the principal value ("conversion premium"), for cash or shares of the Company's common stock or a combination thereof, at the Company's option. The Company has stated its intent to settle any conversion of these notes by paying cash for the principal value and issuing common stock for any conversion premium. Accordingly, the Convertible Notes and the Retired Convertible Notes were included in the calculation of diluted earnings per share if their inclusion was dilutive. The dilutive effect increases the more the market price exceeds the conversion price. The Retired Convertible Notes had a dilutive effect for the three months ended March 31, 2019 as the $142.59 market price per share of common stock as of March 31, 2019 exceeded the $72.18 conversion price per share. The Convertible Notes would only have a dilutive effect if the market price per share of common stock exceeds the conversion price of $188.73 per share. The market price per share per share of common stock was $85.72, therefore, according to ASC Topic 260, Earnings per Share (“ASC 260”), there was no dilutive effect of the assumed conversion of the debentures as of March 31, 2020, whereas the dilutive effect was 2,411,194 shares for the three months ended March 31, 2019. See Note 8, Debt Obligations, to the Consolidated Financial Statements for more information about the convertible notes.

Share repurchases

The Company's Board of Directors had authorized a stock repurchase program allowing Euronet to repurchase up to $375 million in value or 10.0 million shares of stock through March 31, 2020. On March 11, 2019, in connection with the issuance of the Convertible Notes, the Board of Directors authorized an additional repurchase program of $120 million in value of the Company's common stock through March 11, 2021. On February 26, 2020, the Company put a repurchase program in place to repurchase up to $250 million in value, but not more than 5.0 million shares of common stock through February 28, 2022. For the first quarter of 2020, the Company repurchased $239.8 million in value of Euronet common stock under the repurchase programs. Repurchases under either program may take place in the open market or in privately negotiated transactions, including derivative transactions, and may be made under a Rule 10b5-1 plan.

Accumulated Other Comprehensive Loss

Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded foreign currency translation losses of $59.8 million for the three months ended March 31, 2020 and $16.2 million for the three months ended March 31, 2019. There were no reclassifications of foreign currency translation into the consolidated statements of income for the three months ended March 31, 2020 and 2019.

Goodwill and Acquired Intangible Assets, Net

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2020 is presented below:



(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of December 31, 2019	$	141,847		$	743,823		$	885,670
Decreases:
Acquisition	—			(474		)	(474		)
Amortization	(5,726		)	—			(5,726		)
Other (primarily changes in foreign currency exchange rates)	(5,944		)	(28,850		)	(34,794		)
Balance as of March 31, 2020	$	130,177		$	714,499		$	844,676

Estimated amortization expense on intangible assets with finite lives as of March 31, 2020, is expected to total $16.1 million for the remainder of 2020, $20.8 million for 2021, $19.8 million for 2022, $15.3 million for 2023, $9.3 million for 2024 and $6.3 million for 2025.

The Company’s annual goodwill impairment test is performed during the fourth quarter of its fiscal year. The annual impairment test for the year ended December 31, 2019 resulted in no impairment charge. The Company considered the impact of COVID-19 on its operations at the reporting unit level and determined that there was no impairment as of March 31, 2020.

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 the estimates or assumptions included in the 2019 annual impairment test could change, which may result in the Company recording material non-cash impairment charges during the year in which these changes take place. In response to the COVID-19 pandemic, we will continue to monitor the evaluation of global medical experts and scientists. As information regarding the impact of the COVID-19 pandemic on the Company's business, including intangible assets, becomes available, the impacts to cash flows and the related impact on recovery of intangible assets will be evaluated.

Accrued Expenses and Other Current Liabilities

3 Months Ended

Mar. 31, 2020

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

Accrued Expenses and Other Current Liabilities

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:



	As of
(in thousands)	March 31, 2020		December 31, 2019
Accrued expenses	$	228,724	$	246,699
Derivative liabilities	130,555		41,935
Current portion of capital lease obligations	6,047		5,919
Deferred income taxes	—		4
Total	$	365,326	$	294,557

Unearned Revenue Unearned Revenues (Notes)	3 Months Ended
Unearned Revenue Unearned Revenues (Notes)	Mar. 31, 2020
Unearned Revenue [Abstract]
Deferred Revenue Disclosure [Text Block]	UNEARNED REVENUES Accounting Standards Codification ("ASC") Topic 606, “Revenue from Contracts with Customers” (“Topic 606”) requires the deferral of incremental costs to obtain customer contracts, known as contract assets, which are then amortized to expense as part of selling, general and administrative expense over the respective periods of expected benefit. Such costs are not material; however, the Company has implemented processes and controls to record such costs on an ongoing basis and will disclose them if they become material. The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the first quarter of 2020 is primarily driven by $19.0 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, largely offset by $15.7 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2019.

Debt Obligations

3 Months Ended

Mar. 31, 2020

DEBT OBLIGATIONS [Abstract]

DEBT OBLIGATIONS

Debt obligations consist of the following:



	As of
(in thousands)	March 31, 2020			December 31, 2019
Credit Facility:
Revolving credit agreement	$	—		$	—
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	440,713			436,965

1.375% Senior Notes, due 2026	661,560			673,440

Other obligations	3,598			6,215

Total debt obligations	1,105,871			1,116,620
Unamortized debt issuance costs	(18,725		)	(19,592		)
Carrying value of debt	1,087,146			1,097,028
Short-term debt obligations and current maturities of long-term debt obligations	(3,528		)	(6,089		)
Long-term debt obligations	$	1,083,618		$	1,090,939

Credit Facility

On October 17, 2018, the Company entered into an unsecured revolving credit agreement (the "Credit Facility") for $1.0 billion that expires on October 17, 2023. Fees and interest on borrowings are based upon the Company's corporate credit rating and are based, in the case of letter of credit fees, on a margin, and in the case of interest, on a margin over London Inter-Bank Offered Rate (“LIBOR”) or a margin over the base rate, as selected by the Company, with the applicable margin ranging from 1.125% to 2.0% (or 0.175% to 1.0% for base rate loans). The unsecured revolving credit agreement allows for borrowings in Australian Dollars, British Pounds Sterling, Canadian Dollars, Czech Koruna, Danish Krone, euros, Hungarian Forints, Japanese Yen, New Zealand Dollars, Norwegian Krone, Polish Zlotys, Swedish Krona, Swiss Francs, and U.S. Dollars. The revolving credit facility contains a $200 million sublimit for the issuance of letters of credit, a $50 million sublimit for U.S. Dollar swingline loans, and a $90 million sublimit for certain foreign currencies swingline loans.

The unsecured revolving credit agreement contains customary affirmative and negative covenants, events of default and financial covenants. The Company was in compliance with all debt covenants, as of March 31, 2020.

Convertible Debt

On March 18, 2019, the Company completed the sale of $525.0 million of Convertible Senior Notes ("Convertible Notes"). The Convertible Notes mature in March 2049 unless redeemed or converted prior to such date, and are convertible into shares of Euronet Common Stock at a conversion price of approximately $188.73 per share if certain conditions are met (relating to the closing price of Euronet Common Stock exceeding certain thresholds for specified periods). Holders of the Convertible Notes have the option to require the Company to purchase their notes on each of March 15, 2025, March 15, 2029, March 15, 2034,

March 15, 2039 and March 15, 2044 at a repurchase price equal to 100% of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the relevant repurchase date.

On March 18, 2019, the Company provided a notice of redemption to the trustee of the indenture governing the Company's 1.5% Convertible Senior Notes due 2044 (the "Retired Convertible Notes"), pursuant to which the Company would redeem all of the remaining principal amount outstanding of the Retired Convertible Notes on May 28, 2019 (the "Redemption Date") for cash at a redemption price equal to 100% of the principal amount of the Retired Convertible Notes redeemed plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date.

In accordance with ASC 470-20-30-27, proceeds from the issuance of convertible debt is allocated between debt and equity components so that debt is discounted to reflect the Company's nonconvertible debt borrowing rate. ASC 470-20-35-13 requires the debt discount to be amortized over the period the convertible debt is expected to be outstanding as additional non-cash interest expense. The allocation resulted in an increase to additional paid-in capital of $99.7 million for the Convertible Notes.

Contractual interest expense for the Convertible Notes was $1.0 million for the three months ended March 31, 2020. Accretion expense for the Convertible Notes was $3.7 million for the three months ended March 31, 2020. Contractual interest expense for the Convertible Notes and Retired Convertible Notes was $0.2 million and $1.5 million, respectively for the three months ended March 31, 2019. Accretion expense for the Convertible Notes and Retired Convertible Notes was $0.6 million and $2.9 million, respectively for the three months ended March 31, 2019. The effective interest rate was 4.4% for the three months ended March 31, 2020. As of March 31, 2020, the unamortized discount was $84.3 million and will be amortized through March 2025.

1.375% Senior Notes due 2026

On May 22, 2019, the Company completed the sale of €600 million ($669.9 million) aggregate principal amount of Senior Notes that expire on May 2026 (the “Senior Notes”). The Senior Notes accrue interest at a rate of 1.375% per year, payable annually in arrears commencing May 22, 2020, until maturity or earlier redemption. As of March 31, 2020, the Company has outstanding €600 million ($661.6 million) principal amount of the Senior Notes. In addition, the Company may redeem some or all of these notes on or after February 22, 2026 at their principal amount plus any accrued and unpaid interest.

Other obligations

Certain of the Company's subsidiaries have available lines of credit and overdraft credit facilities that generally provide for short-term borrowings that are used from time to time for working capital purposes. As of March 31, 2020 and December 31, 2019, borrowings under these arrangements were $3.6 million and $6.2 million, respectively.

Uncommitted Line of Credit

On September 4, 2019, the Company entered into an Uncommitted Loan Agreement with Bank of America which may provide Euronet up to $100.0 million under an uncommitted line of credit. Interest on borrowings is equal to LIBOR plus 0.65% and the agreement expires September 4, 2020. As of March 31, 2020, no amounts were outstanding under the line of credit.

Derivative Instruments and Hedging Activities

3 Months Ended

Mar. 31, 2020

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to foreign currency exchange risk resulting from (i) the collection of funds or the settlement of money transfer transactions in currencies other than the U.S. dollar, (ii) derivative contracts written to its customers in connection with providing cross-currency money transfer services and (iii) certain foreign currency denominated other asset and liability positions. The Company enters into foreign currency derivative contracts, primarily foreign currency forwards and cross-currency swaps, to minimize its exposure related to fluctuations in foreign currency exchange rates. As a matter of Company policy, the derivative instruments used in these activities are economic hedges and are not designated as hedges under ASC 815, primarily due to either the relatively short duration of the contract term or the effects of fluctuations in currency exchange rates are reflected concurrently in earnings for both the derivative instrument and the transaction and have an offsetting effect.

Foreign currency exchange contracts - Ria Operations and Corporate

In the United States, the Company uses short-duration foreign currency forward contracts, generally with maturities up to 14 days, to offset the fluctuation in foreign currency exchange rates on the collection of money transfer funds between initiation of a transaction and its settlement. Due to the short duration of these contracts and the Company’s credit profile, the Company is generally not required to post collateral with respect to these foreign currency forward contracts. Most derivative contracts executed with counterparties in the U.S. are governed by an International Swaps and Derivatives Association agreement that includes standard netting arrangements; therefore, asset and liability positions from forward contracts and all other foreign exchange transactions with the same counterparty are net settled upon maturity. As of March 31, 2020, the Company had

foreign currency forward contracts outstanding in the U.S. with a notional value of $213 million. The foreign currency forward contracts consist primarily in Australian dollars, Canadian dollars, British pounds, euros and Mexican pesos.

In addition, the Company uses forward contracts, typically with maturities from a few days to less than one year, to offset

foreign exchange rate fluctuations on certain short-term borrowings that are payable in currencies other than the U.S dollar. As of March 31, 2020, the Company had foreign currency forward contracts outstanding with a notional value of $193 million, primarily in euros.

Foreign currency exchange contracts - xe Operations

xe, writes derivative instruments, primarily foreign currency forward contracts and cross-currency swaps, mostly with counterparties comprised of individuals and small-to-medium size businesses and derives a currency margin from this activity as part of its operations. xe aggregates its foreign currency exposures arising from customer contracts and hedges the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. Foreign exchange revenues from xe's total portfolio of positions were $18.1 million and $18.6 million for the three months ended March 31, 2020 and 2019, respectively. All of the derivative contracts used in the Company' s xe operations are economic hedges and are not designated as hedges under ASC 815. The duration of these derivative contracts is generally less than one year.

The fair value of xe's total portfolio of positions can change significantly from period to period based on, among other factors, market movements and changes in customer contract positions. xe manages counterparty credit risk (the risk that counterparties will default and not make payments according to the terms of the agreements) on an individual counterparty basis. It mitigates this risk by entering into contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. xe does not expect any significant losses from counterparty defaults.

The aggregate equivalent U.S. dollar notional amounts of foreign currency derivative customer contracts held by the Company in its xe operations as of March 31, 2020 was approximately $1.5 billion. The significant majority of customer contracts are written in major currencies such as the euro, U.S. dollar, British pound, Australian dollar and New Zealand dollar.

Balance Sheet Presentation

The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below:



	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
(in thousands)	Balance Sheet Location	March 31, 2020		December 31, 2019		Balance Sheet Location	March 31, 2020			December 31, 2019
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	Prepaid expenses and other current assets	$	142,148	$	54,765	Accrued expenses and other current liabilities	$	(130,555	)	$	(41,935	)

The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2020 and December 31, 2019 (in thousands):

Offsetting of Derivative Assets



							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of March 31, 2020	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Financial Instruments			Cash Collateral Received			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	142,148	$	—	$	142,148	$	(105,671	)	$	(14,633	)	$	21,844

As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	54,765	$	—	$	54,765	$	(34,935	)	$	(7,362	)	$	12,468

Offsetting of Derivative Liabilities



									Gross Amounts Not Offset in the Consolidated Balance Sheet
As of March 31, 2020	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Paid		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	(130,555	)	$	—	$	(130,555	)	$	105,671	$	1,760	$	(23,124	)

As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	(41,935	)	$	—	$	(41,935	)	$	34,935	$	827	$	(6,173	)

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

Income Statement Presentation

The following table summarizes the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2020 and 2019:



		Amount of Gain Recognized in Income on Derivative Contracts (a)
	Location of Gain Recognized in Income on Derivative Contracts	Three Months Ended March 31,
(in thousands)		2020		2019
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange gain, net	$	1,019	$	2,459

(a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

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

Fair Value Measurements

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value measurements used in the unaudited consolidated financial statements are based upon the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below:


•	Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities.


•	Level 2 – Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities.


•	Level 3 – Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the inputs that market participants would use in pricing.

The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis:



		As of March 31, 2020
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	142,148		$	—	$	142,148
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(130,555	)	$	—	$	(130,555	)



		As of December 31, 2019
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	54,765		$	—	$	54,765
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(41,935	)	$	—	$	(41,935	)

Other Fair Value Disclosures

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 revolving credit agreements approximate fair values because interest is based on LIBOR that resets at various intervals of less than one year. The Company estimates the fair value of the Convertible Notes using quoted prices in inactive markets for identical liabilities (Level 2). As of March 31, 2020, the fair values of the Convertible Notes and Senior Notes were $597.0 million and $615.7 million, respectively, with carrying values of $440.7 million and $661.6 million, respectively.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Segment Information

3 Months Ended

Mar. 31, 2020

Segment Information [Abstract]

SEGMENT INFORMATION

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

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 cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, dynamic currency conversion, domestic and international surcharge and other value added services. Through this segment, the Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems.


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

Through the Money Transfer Segment, the Company provides global money transfer services under the brand names, Ria, AFEX Money Express, IME, and xe. Ria, AFEX Money Express and IME provide global consumer-to-consumer money transfer services through a network of sending agents, Company-owned stores and Company-owned websites, disbursing money transfers through a worldwide correspondent network. xe offers account-to-account international payment services to high-income individuals and small-to-medium sized businesses. xe is also a provider of foreign currency exchange information. The Company also offers customers bill payment services, payment alternatives such as money orders and prepaid debit cards, comprehensive check cashing services, foreign currency exchange services and mobile top-up. Furthermore, xe provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses.

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

The following tables present the Company’s reportable segment results for the three months ended March 31, 2020 and 2019:



	For the Three Months Ended March 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	145,825	$	172,911	$	266,234	$	(1,063	)	$	583,907
Operating expenses:
Direct operating costs	87,536		130,074		142,909		(1,063		)	359,456
Salaries and benefits	22,091		15,697		53,864		9,588			101,240
Selling, general and administrative	10,941		8,838		38,582		2,432			60,793
Depreciation and amortization	20,322		1,844		8,571		79			30,816
Total operating expenses	140,890		156,453		243,926		11,036			552,305
Operating income (expense)	$	4,935	$	16,458	$	22,308	$	(12,099	)	$	31,602



	For the Three Months Ended March 31, 2019
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	145,703	$	176,114	$	256,581	$	(889	)	$	577,509
Operating expenses:
Direct operating costs	83,776		133,525		137,404		(872		)	353,833
Salaries and benefits	19,431		14,753		51,156		7,455			92,795
Selling, general and administrative	9,086		8,052		29,109		1,900			48,147
Depreciation and amortization	16,642		1,785		8,138		75			26,640
Total operating expenses	128,935		158,115		225,807		8,558			521,415
Operating income (expense)	$	16,768	$	17,999	$	30,774	$	(9,447	)	$	56,094

The following table presents the Company’s total assets by reportable segment:



	Total Assets as of
(in thousands)	March 31, 2020		December 31, 2019
EFT Processing	$	1,755,395	$	1,914,144
epay	763,636		962,671
Money Transfer	1,406,116		1,560,136
Corporate Services, Eliminations and Other	259,238		220,715
Total	$	4,184,385	$	4,657,666

The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region.



	For the Three Months Ended March 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	99,474	$	115,277	$	91,058	$	305,809
North America	15,019		33,852		137,895		186,766
Asia Pacific	31,328		19,274		30,848		81,450
Other	4		4,508		6,433		10,945
Eliminations	—		—		—		(1,063		)
Total	$	145,825	$	172,911	$	266,234	$	583,907



	For the Three Months Ended March 31, 2019
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	107,611	$	114,906	$	85,559	$	308,076
North America	8,205		39,664		134,832		182,701
Asia Pacific	29,877		17,374		30,713		77,964
Other	10		4,170		5,477		9,657
Eliminations	—		—		—		(889		)
Total	$	145,703	$	176,114	$	256,581	$	577,509

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Income Taxes	3 Months Ended
Income Taxes	Mar. 31, 2020
INCOME TAXES [Abstract]
INCOME TAXES	INCOME TAXES The Company's effective income tax rate was 58.7% and 31.6% for the three months ended March 31, 2020 and 2019, respectively. The Company's effective income tax rate for the three months ended March 31, 2020 was higher than the applicable statutory income tax rate of 21% primarily as a result of certain foreign earnings of the Company being subject to higher local statutory income tax rates. The Company's effective income tax rate for the three months ended March 31, 2019 was higher than the applicable statutory income tax rate of 21% largely because of the application to the Company of the global intangible low-taxed income ("GILTI") tax provision and certain foreign earnings of the Company being subject to higher local statutory income tax rates.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References + Details

Commitments

3 Months Ended

Mar. 31, 2020

Other Commitments [Line Items]

Commitments

COMMITMENTS

As of March 31, 2020, the Company had $73.0 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $49.7 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $3.9 million by cash deposits held by the respective issuing banks.

Under certain circumstances, Euronet grants guarantees in support of obligations of subsidiaries. As of March 31, 2020, the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $11.4 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $37.5 million over the terms of agreements with the customers.

From time to time, the Company enters into agreements with commercial counterparties 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. Euronet's 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. As of March 31, 2020, the balance of such cash used in the Company's ATM networks for which the Company was responsible was approximately $509 million. The Company maintains insurance policies to mitigate this exposure;

•

In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for losses suffered by its customers and other parties as a result of the breach of its computer systems, including in particular, losses arising from fraudulent transactions made using information stolen through its processing systems. The Company maintains insurance policies to mitigate this exposure;


•	In connection with the license of proprietary systems to customers, the Company 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 of operating units or assets made by Euronet, the Company has agreed to indemnify the seller against third party claims made against the seller relating to the 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; and


•	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 carrying out their respective duties under such agreements.

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

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 March 31, 2020 or December 31, 2019.

Litigation and Contingencies	3 Months Ended
Litigation and Contingencies	Mar. 31, 2020
Loss Contingencies [Line Items]
Litigation and Contingencies	LITIGATION AND CONTINGENCIES From time to time, the Company is a party to legal or regulatory proceedings arising in the ordinary course of its business. Currently, there are no legal proceedings or regulatory findings that management believes, either individually or in the aggregate, would have a material adverse effect on the Company's consolidated financial condition or results of operations. In accordance with U.S. GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case.

Leases Leases (Notes)

3 Months Ended

Mar. 31, 2020

Lessee, Lease, Description [Line Items]

Leases of Lessee Disclosure [Text Block]

LEASES

The Company enters into operating leases for ATM sites, office spaces, retail stores and equipment. The Company's finance leases are immaterial. Right of use assets and lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease terms.

The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. All leases with fixed payments, including leases with an initial term of 12 months or less, are recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term.

Most leases include an option to renew, with renewal terms that can extend the lease terms. The exercise of lease renewal options is at the Company’s sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. The Company also has a unilateral termination right for most of the ATM site leases. Since the Company is not reasonably certain to exercise the renewal or termination options, the options are not considered in determining the lease terms, and associated payment impacts are excluded from lease payments.

Certain of the Company's lease agreements include variable rental payments based on revenues generated from the use of the leased location and certain leases include rental payments adjusted periodically for inflation. Variable lease payments are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs and are excluded from the right of use assets and lease liabilities balances. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Future minimum lease payments

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2020 are:



	As of March 31, 2020
Maturity of Lease Liabilities (in thousands)	Operating Leases
Remainder of 2020	$	98,827
2021	99,540
2022	70,832
2023	49,670
2024	30,813
Thereafter	46,573
Total lease payments	$	396,255
Less: imputed interest	(23,465		)
Present value of lease liabilities	$	372,790

Lease expense recognized in the Consolidated Statements of Income is summarized as follows:



Lease Expense (in thousands)	Income Statement Classification	Three Months Ended March 31, 2020
Operating lease expense	Selling, general and administrative and Direct operating costs	$	33,188
Variable lease expense	Selling, general and administrative and Direct operating costs	8,680
Total lease expense		$	41,868

Other information about lease amounts recognized in the consolidated financial statements is summarized as follows:



Lease Term and Discount Rate of Operating Leases	As of March 31, 2020
Weighted- average remaining lease term (years)	4.4
Weighted- average discount rate	3.0	%

The following table presents supplemental cash flow and non-cash information related to leases.



Other Information (in thousands)	Three Months Ended March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities (a)	$	32,792
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets
ROU assets obtained in exchange for new operating lease liabilities	$	50,525

(a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

Recent Accounting Pronouncements (Policies)	3 Months Ended
Recent Accounting Pronouncements (Policies)	Mar. 31, 2020
Summary of Significant Accounting Policies and Practices [Abstract]
Recently Issued and Adopted Accounting Pronouncements	In March 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions for contracts, hedging relationships, and other transactions affected by reference rate reform due to the anticipated cessation of LIBOR on or before December 31, 2021. This guidance is effective from March 12, 2020 through December 31, 2022 and could impact the accounting for LIBOR provisions in the Company’s unsecured credit agreement. The Company does not expect that the adoption of this guidance will have a significant impact on its consolidated financial statements. The Company adopted ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), as of January 1, 2020, which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaced the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements and related disclosures.

- Definition

The entire disclosure for change in accounting principle. Includes, but is not limited to, nature, reason, and method of adopting amendment to accounting standards or other change in accounting principle.

+ References

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+ Details

Settlement Assets Settlement Assets (Tables)

3 Months Ended

Mar. 31, 2020

Settlement Assets [Abstract]

Settlement Assets and Liabilities [Table Text Block]



	As of
(in thousands)	March 31, 2020		December 31, 2019
Settlement assets:
Settlement cash and cash equivalents	$	256,456	$	282,188
Settlement restricted cash	36,243		49,168
Accounts receivable	364,148		574,410
Prepaid expenses and other current assets	116,489		107,301
Total settlement assets	$	773,336	$	1,013,067
Settlement obligations:
Trade account payables	$	353,498	$	504,667
Accrued expenses and other current liabilities	419,838		508,400
Total settlement obligations	$	773,336	$	1,013,067

Schedule of Cash and Cash Equivalents [Table Text Block]



	As of
(in thousands)	March 31, 2020		December 31, 2019		March 31, 2019		December 31, 2018
Cash and cash equivalents	$	709,521	$	786,081	$	558,454	$	385,031
Restricted cash	28,953		34,301		34,398		31,237
ATM cash	558,580		665,641		421,897		395,378
Settlement cash and cash equivalents	256,456		282,188		235,946		273,948
Settlement restricted cash	36,243		49,168		40,547		45,358
Cash and cash equivalents and restricted cash at end of period	$	1,589,753	$	1,817,379	$	1,291,242	$	1,130,952

Stocholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Earnings Per Share [Abstract]

Schedule of Weighted Average Number of Shares [Table Text Block]



	Three Months Ended March 31,
	2020	2019
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	53,607,104	51,880,534
Incremental shares from assumed exercise of stock options and vesting of restricted stock	1,172,217	1,285,139
Incremental shares from assumed conversion of convertible debentures	—	2,411,194
Diluted weighted average shares outstanding	54,779,321	55,576,867

Goodwill and Acquired Intangible Assets, Net (Tables)

3 Months Ended

Mar. 31, 2020

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Intangible Assets and Goodwill [Table Text Block]

A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2020 is presented below:



(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of December 31, 2019	$	141,847		$	743,823		$	885,670
Decreases:
Acquisition	—			(474		)	(474		)
Amortization	(5,726		)	—			(5,726		)
Other (primarily changes in foreign currency exchange rates)	(5,944		)	(28,850		)	(34,794		)
Balance as of March 31, 2020	$	130,177		$	714,499		$	844,676

Accrued Expenses and Other Current Liabilities (Tables)

3 Months Ended

Mar. 31, 2020

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block]

Accrued expenses and other current liabilities consist of the following:



	As of
(in thousands)	March 31, 2020		December 31, 2019
Accrued expenses	$	228,724	$	246,699
Derivative liabilities	130,555		41,935
Current portion of capital lease obligations	6,047		5,919
Deferred income taxes	—		4
Total	$	365,326	$	294,557

Debt Obligations (Tables)

3 Months Ended

Mar. 31, 2020

DEBT OBLIGATIONS [Abstract]

Schedule of Debt [Table Text Block]



	As of
(in thousands)	March 31, 2020			December 31, 2019
Credit Facility:
Revolving credit agreement	$	—		$	—
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	440,713			436,965

1.375% Senior Notes, due 2026	661,560			673,440

Other obligations	3,598			6,215

Total debt obligations	1,105,871			1,116,620
Unamortized debt issuance costs	(18,725		)	(19,592		)
Carrying value of debt	1,087,146			1,097,028
Short-term debt obligations and current maturities of long-term debt obligations	(3,528		)	(6,089		)
Long-term debt obligations	$	1,083,618		$	1,090,939

Derivative Instruments and Hedging Activities (Tables)

3 Months Ended

Mar. 31, 2020

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below:



	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
(in thousands)	Balance Sheet Location	March 31, 2020		December 31, 2019		Balance Sheet Location	March 31, 2020			December 31, 2019
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	Prepaid expenses and other current assets	$	142,148	$	54,765	Accrued expenses and other current liabilities	$	(130,555	)	$	(41,935	)

Offsetting Assets and Liabilities [Table Text Block]

The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2020 and December 31, 2019 (in thousands):

Offsetting of Derivative Assets



							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of March 31, 2020	Gross Amounts of Recognized Assets		Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet		Financial Instruments			Cash Collateral Received			Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	142,148	$	—	$	142,148	$	(105,671	)	$	(14,633	)	$	21,844

As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	54,765	$	—	$	54,765	$	(34,935	)	$	(7,362	)	$	12,468

Offsetting of Derivative Liabilities



									Gross Amounts Not Offset in the Consolidated Balance Sheet
As of March 31, 2020	Gross Amounts of Recognized Liabilities			Gross Amounts Offset in the Consolidated Balance Sheet		Net Amounts Presented in the Consolidated Balance Sheet			Financial Instruments		Cash Collateral Paid		Net Amounts
Derivatives subject to a master netting arrangement or similar agreement	$	(130,555	)	$	—	$	(130,555	)	$	105,671	$	1,760	$	(23,124	)

As of December 31, 2019
Derivatives subject to a master netting arrangement or similar agreement	$	(41,935	)	$	—	$	(41,935	)	$	34,935	$	827	$	(6,173	)

Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]

The following table summarizes the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2020 and 2019:



		Amount of Gain Recognized in Income on Derivative Contracts (a)
	Location of Gain Recognized in Income on Derivative Contracts	Three Months Ended March 31,
(in thousands)		2020		2019
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange gain, net	$	1,019	$	2,459

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2020

Fair Value Disclosures [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis:



		As of March 31, 2020
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	142,148		$	—	$	142,148
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(130,555	)	$	—	$	(130,555	)



		As of December 31, 2019
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	54,765		$	—	$	54,765
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(41,935	)	$	—	$	(41,935	)

Segment Information (Tables)

3 Months Ended

Mar. 31, 2020

Segment Information [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

The following tables present the Company’s reportable segment results for the three months ended March 31, 2020 and 2019:



	For the Three Months Ended March 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	145,825	$	172,911	$	266,234	$	(1,063	)	$	583,907
Operating expenses:
Direct operating costs	87,536		130,074		142,909		(1,063		)	359,456
Salaries and benefits	22,091		15,697		53,864		9,588			101,240
Selling, general and administrative	10,941		8,838		38,582		2,432			60,793
Depreciation and amortization	20,322		1,844		8,571		79			30,816
Total operating expenses	140,890		156,453		243,926		11,036			552,305
Operating income (expense)	$	4,935	$	16,458	$	22,308	$	(12,099	)	$	31,602



	For the Three Months Ended March 31, 2019
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	145,703	$	176,114	$	256,581	$	(889	)	$	577,509
Operating expenses:
Direct operating costs	83,776		133,525		137,404		(872		)	353,833
Salaries and benefits	19,431		14,753		51,156		7,455			92,795
Selling, general and administrative	9,086		8,052		29,109		1,900			48,147
Depreciation and amortization	16,642		1,785		8,138		75			26,640
Total operating expenses	128,935		158,115		225,807		8,558			521,415
Operating income (expense)	$	16,768	$	17,999	$	30,774	$	(9,447	)	$	56,094

The following table presents the Company’s total assets by reportable segment:



	Total Assets as of
(in thousands)	March 31, 2020		December 31, 2019
EFT Processing	$	1,755,395	$	1,914,144
epay	763,636		962,671
Money Transfer	1,406,116		1,560,136
Corporate Services, Eliminations and Other	259,238		220,715
Total	$	4,184,385	$	4,657,666

Schedule of Revenues by Segment by Region [Table Text Block]



	For the Three Months Ended March 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	99,474	$	115,277	$	91,058	$	305,809
North America	15,019		33,852		137,895		186,766
Asia Pacific	31,328		19,274		30,848		81,450
Other	4		4,508		6,433		10,945
Eliminations	—		—		—		(1,063		)
Total	$	145,825	$	172,911	$	266,234	$	583,907



	For the Three Months Ended March 31, 2019
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	107,611	$	114,906	$	85,559	$	308,076
North America	8,205		39,664		134,832		182,701
Asia Pacific	29,877		17,374		30,713		77,964
Other	10		4,170		5,477		9,657
Eliminations	—		—		—		(889		)
Total	$	145,703	$	176,114	$	256,581	$	577,509

Leases Leases (Tables)

3 Months Ended

Mar. 31, 2020

Lessee, Lease, Description [Line Items]

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Future minimum lease payments

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2020 are:



	As of March 31, 2020
Maturity of Lease Liabilities (in thousands)	Operating Leases
Remainder of 2020	$	98,827
2021	99,540
2022	70,832
2023	49,670
2024	30,813
Thereafter	46,573
Total lease payments	$	396,255
Less: imputed interest	(23,465		)
Present value of lease liabilities	$	372,790

Lease, Cost [Table Text Block]

Lease expense recognized in the Consolidated Statements of Income is summarized as follows:



Lease Expense (in thousands)	Income Statement Classification	Three Months Ended March 31, 2020
Operating lease expense	Selling, general and administrative and Direct operating costs	$	33,188
Variable lease expense	Selling, general and administrative and Direct operating costs	8,680
Total lease expense		$	41,868

Lessee, Operating Lease, Disclosure [Table Text Block]

Other information about lease amounts recognized in the consolidated financial statements is summarized as follows:



Lease Term and Discount Rate of Operating Leases	As of March 31, 2020
Weighted- average remaining lease term (years)	4.4
Weighted- average discount rate	3.0	%

Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]

The following table presents supplemental cash flow and non-cash information related to leases.



Other Information (in thousands)	Three Months Ended March 31, 2020
Cash paid for amounts included in the measurement of lease liabilities (a)	$	32,792
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets
ROU assets obtained in exchange for new operating lease liabilities	$	50,525

Settlement Assets Settlement Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Settlement Assets [Abstract]
Allowance for Doubtful Other Receivables, Current	$ 28,300	$ 24,000
Cash and cash equivalents	709,521	786,081	$ 558,454	$ 385,031
Restricted cash	28,953	34,301	34,398	31,237
CashinATM	558,580	665,641	421,897	395,378
Settlement Assets Cash and Cash Equivalent	256,456	282,188	235,946	273,948
Settlement Assets Restricted Cash	36,243	49,168	40,547	45,358
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	1,589,753	1,817,379	$ 1,291,242	$ 1,130,952
Settlement Assets Account Receivable	364,148	574,410
Settlement Assets Prepaid expenses and other current assets	116,489	107,301
Settlement Assets, Current	773,336	1,013,067
Settlement Obligations Trade Accounts Payable	353,498	504,667
Settlement Liabilities Accrued Expenses and Other Current Liabilities	419,838	508,400
Settlement Liabilities, Current	$ 773,336	$ 1,013,067

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Feb. 26, 2020	Mar. 18, 2019	Mar. 11, 2019	Feb. 27, 2018	Oct. 30, 2014
Stockholders' Equity [Line Items]
Document Period End Date	Mar. 31, 2020
Treasury Stock, Value, Acquired, Cost Method	$ 239,763
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	886,000	402,000
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	0	2,411,194
Translation adjustment	$ 59,818	$ 16,156
Debt Instrument, Convertible, Conversion Price				$ 188.73			$ 72.18
Share Price	$ 85.72	$ 142.59
Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			5,000,000.0			10,000,000.0
Stock Repurchase Program, Authorized Amount			$ 250,000		$ 120,000	$ 375,000

Stockholders' Equity Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Earnings Per Share [Abstract]
Document Period End Date	Mar. 31, 2020
Weighted average number of shares outstanding - basic	53,607,104	51,880,534
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,172,217	1,285,139
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	0	2,411,194
Weighted Average Number of Shares Outstanding, Diluted	54,779,321	55,576,867

Goodwill and Acquired Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Goodwill and Finite-lived Intangible Assets Rollforward [Roll Forward]
Finite-Lived Intangible Assets, Net	$ 130,177	$ 141,847
Finite-Lived Intangible Assets, Amortization Expense	(5,726)
Finite-lived intangible assets, other changes	(5,944)
Goodwill	714,499	743,823
Goodwill, Other Increase (Decrease)	(28,850)
Intangible Assets, Net (Including Goodwill)	844,676	$ 885,670
Total intangible assets amortization expense	(5,726)
Total intangible assets, other changes	(34,794)
Finite-Lived Intangible Asset, Expected Amortization, Remainder of Fiscal Year	16,100
Finite-Lived Intangible Asset, Expected Amortization, Year One	20,800
Finite-Lived Intangible Asset, Expected Amortization, Year Two	19,800
Finite-Lived Intangible Asset, Expected Amortization, Year Three	15,300
Finite-Lived Intangible Asset, Expected Amortization, Year Four	9,300
Finite-Lived Intangible Asset, Expected Amortization, Year Five	6,300
Finite-lived Intangible Assets Acquired	0
Goodwill, Acquired During Period	(474)
Total intangible assets acquired during period	$ (474)

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Capital Lease Obligations, Current	$ 6,047	$ 5,919
Deferred Income Taxes and Other Tax Receivable, Current	0	4
Accrued expenses	228,724	246,699
Settlement Liabilities, Current	773,336	1,013,067
Derivative liabilities	130,555	41,935
Accrued expenses and other current liabilities	$ 365,326	$ 294,557

Unearned Revenue Details (Details) $ in Millions	3 Months Ended
Unearned Revenue Details (Details) $ in Millions	Mar. 31, 2020 USD ($)
Revenue from Contract with Customer [Abstract]
Deferred Revenue, Additions	$ 19.0
Deferred Revenue, Revenue Recognized	$ 15.7

Debt Obligations (Narrative) (Details) - USD ($)	3 Months Ended
Debt Obligations (Narrative) (Details) - USD ($)	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Sep. 04, 2019	May 22, 2019	Mar. 18, 2019	Oct. 17, 2018	Oct. 30, 2014
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding	$ 0
Senior Notes	661,560,000		$ 673,440,000		$ 669,900,000
Revolving Credit Facility	0		0
Debt Instrument, Convertible, Conversion Price						$ 188.73		$ 72.18
Debt Instrument, Convertible, Carrying Amount of Equity Component						$ 99,700,000
Other Debt	3,598,000		6,215,000
Debt, Long-term and Short-term, Combined Amount	1,105,871,000		1,116,620,000
Unamortized Debt Issuance Expense	(18,725,000)		(19,592,000)
Debt, net of debt issuance costs	1,087,146,000		1,097,028,000
Short-term debt obligations and current maturities of long-term debt obligations	(3,528,000)		(6,089,000)
Debt obligations, net of current portion	$ 1,083,618,000		1,090,939,000
Line of Credit Facility, Expiration Date	Oct. 17, 2023
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate	1.375%
Line of Credit, Current	$ 3,600,000		6,200,000
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	440,700,000
Debt Instrument, Face Amount						$ 525,000,000.0
Interest Expense, Debt	1,000,000.0	$ 200,000
Amortization of Debt Discount (Premium)	$ 3,700,000	600,000
Debt Instrument, Interest Rate During Period	4.40%
Debt Instrument, Unamortized Discount	$ 84,300,000
Due 2044 [Member]
Debt Instrument [Line Items]
Interest Expense, Debt		1,500,000
Amortization of Debt Discount (Premium)		$ 2,900,000
London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.65%
Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.175%
Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 100,000,000.0			$ 1,000,000,000.0
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	$ 440,713,000		$ 436,965,000
Letter of Credit [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000,000
Swingline loans [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	50,000,000
Foreign Swingline Loans [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	90,000,000
Euro Member Countries, Euro
Debt Instrument [Line Items]
Senior Notes	$ 600,000,000				$ 600,000,000

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Ria Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	$ 213.0
Corporate Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	193.0
HiFX Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative Asset, Notional Amount	$ 1,500.0
Maximum [Member] \| Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term	14 days
Trading Revenue [Member] \| HiFX Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Exchange Margin	$ 18.1	$ 18.6

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Derivatives, Fair Value [Line Items]
Foreign Currency Derivative Instruments, Asset at Fair Value	$ 142,148	$ 54,765
Foreign Currency Derivative Instruments, Liability at Fair Value	$ (130,555)	$ (41,935)

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Derivative Assets, Fair Value, Gross Assets	$ 142,148	$ 54,765
Gross Amount of Eligible Offsetting Recognized Derivative Liabilities	0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	142,148	54,765
Derivative Asset, Not Offset, Policy Election Deduction	(105,671)	(34,935)
Cash Collateral Received	(14,633)	(7,362)
Derivative Asset, Fair Value, Amount Offset Against Collateral	21,844	12,468
Derivative Liability, Fair Value, Gross Liability	(130,555)	(41,935)
Gross Amount of Eligible Offsetting Recognized Derivative Assets	0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(130,555)	(41,935)
Derivative Liability, Not Offset, Policy Election Deduction	105,671	34,935
Cash Collateral Paid	1,760	827
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ (23,124)	$ (6,173)

Derivative Instruments and Hedging Activities (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Ria Operations [Member] \| Foreign Currency Gain (Loss) [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 1,019	$ 2,459
HiFX Operations [Member] \| Trading Revenue [Member]
Derivative Instruments, Loss [Line Items]
Foreign Currency Exchange Margin	$ 18,100	$ 18,600

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2020	Dec. 31, 2019	May 22, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior Notes	$ 661,560,000	$ 673,440,000	$ 669,900,000
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	142,148,000	54,765,000
Foreign Currency Contracts, Liability, Fair Value Disclosure	(130,555,000)	(41,935,000)
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0	0
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	142,148,000	54,765,000
Foreign Currency Contracts, Liability, Fair Value Disclosure	(130,555,000)	(41,935,000)
Fair Value, Recurring [Member] \| Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0	$ 0
Due 2049 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	597,000,000.0
Convertible Debt	440,700,000
Senior Notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	615,700,000
Senior Notes	$ 661,600,000

Segment Information (Details) $ in Thousands	3 Months Ended
Segment Information (Details) $ in Thousands	Mar. 31, 2020 USD ($) segment	Mar. 31, 2019 USD ($)	Dec. 31, 2019 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments \| segment	3
Revenues	$ 583,907	$ 577,509
Direct operating costs	359,456	353,833
Salaries and benefits	101,240	92,795
Selling, general and administrative	60,793	48,147
Depreciation and amortization	30,816	26,640
Operating income (expense)	31,602	56,094
Property, Plant and Equipment, Net	356,558		$ 359,980
Assets	4,184,385		4,657,666
Costs and Expenses	552,305	521,415
Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	145,825	145,703
Direct operating costs	87,536	83,776
Salaries and benefits	22,091	19,431
Selling, general and administrative	10,941	9,086
Depreciation and amortization	20,322	16,642
Operating income (expense)	4,935	16,768
Assets	1,755,395		1,914,144
Costs and Expenses	140,890	128,935
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	172,911	176,114
Direct operating costs	130,074	133,525
Salaries and benefits	15,697	14,753
Selling, general and administrative	8,838	8,052
Depreciation and amortization	1,844	1,785
Operating income (expense)	16,458	17,999
Assets	763,636		962,671
Costs and Expenses	156,453	158,115
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	266,234	256,581
Direct operating costs	142,909	137,404
Salaries and benefits	53,864	51,156
Selling, general and administrative	38,582	29,109
Depreciation and amortization	8,571	8,138
Operating income (expense)	22,308	30,774
Assets	1,406,116		1,560,136
Costs and Expenses	243,926	225,807
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Revenues	(1,063)	(889)
Direct operating costs	(1,063)	(872)
Salaries and benefits	9,588	7,455
Selling, general and administrative	2,432	1,900
Depreciation and amortization	79	75
Operating income (expense)	(12,099)	(9,447)
Assets	259,238		$ 220,715
Costs and Expenses	11,036	8,558
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	305,809	308,076
Europe [Member] \| Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	99,474	107,611
Europe [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	115,277	114,906
Europe [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	91,058	85,559
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	81,450	77,964
Asia Pacific [Member] \| Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	31,328	29,877
Asia Pacific [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	19,274	17,374
Asia Pacific [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	30,848	30,713
Other geographic locations [Member]
Segment Reporting Information [Line Items]
Revenues	10,945	9,657
Other geographic locations [Member] \| Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	4	10
Other geographic locations [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	4,508	4,170
Other geographic locations [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	6,433	5,477
North America [Member]
Segment Reporting Information [Line Items]
Revenues	186,766	182,701
North America [Member] \| Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	15,019	8,205
North America [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	33,852	39,664
North America [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	137,895	134,832
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	$ (1,063)	$ (889)

Income Taxes (Details)	3 Months Ended
Income Taxes (Details)	Mar. 31, 2020	Mar. 31, 2019
Income taxes [Line Items]
Effective Income Tax Rate	58.70%	31.60%
Federal Statutory Income Tax Rate	21.00%	21.00%

Commitments (Details) $ in Millions	Mar. 31, 2020 USD ($)
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	$ 73.0
Pledged Assets, Not Separately Reported, Other	3.9
Credit Facility [Domain]
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	49.7
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	11.4
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	37.5
Indemnification Agreement [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 509.0

Leases Leases (Details) - USD ($) $ in Thousands	3 Months Ended
Leases Leases (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Lessee, Lease, Description [Line Items]
Operating Lease, Payments, Use	$ 32,792
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 50,525
Operating Lease, Weighted Average Remaining Lease Term	4 years 4 months 24 days
Lease, Cost [Table Text Block]	$ 33,188
Right of use lease asset	379,584	$ 377,543
Current portion of operating lease liabilities	129,151	127,353
Operating lease obligations, net of current portion	243,639	$ 241,977
Lessee, operating lease, liability, payments due remainder of fiscal year	98,827
Lessee, operating lease, liability, payments due year two	99,540
Lessee, operating lease, liability, payments due year three	70,832
Lessee, operating lease, liability, payments due year four	49,670
Lessee, Operating Lease, Liability, to be Paid, Year Five	30,813
Lessee, operating lease, liability, payments due after year five	46,573
Lessee, operating lease, liability, payments due	396,255
Operating Lease, Liability	372,790
Capital Leases, Future Minimum Payments, Interest Included in Payments	(23,465)
Variable Lease, Cost	8,680
Operating Lease, Expense	$ 41,868