0001213900-22-044504 | 10-Q | XBRL Viewer

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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2022	Aug. 02, 2022
Entity Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE, INC.
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 Quarterly Report	true
Document Transition Report	false
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	Jun. 30, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		49,581,198
Entity Tax Identification Number	74-2806888
Entity Address, City or Town	Leawood,
Entity Address, Address Line One	11400 Tomahawk Creek Parkway,
Entity Address, Address Line Two	Suite 300
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
Entity Emerging Growth Company	false
Common Stock
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	Jun. 30, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,014,859	$ 1,260,466
ATM cash	890,834	543,422
Restricted cash	6,616	3,693
Settlement assets	1,057,423	1,102,389
Trade accounts receivable, net of credit losses of $4,392 and $4,469	195,355	203,010
Prepaid expenses and other current assets	344,219	195,443
Total current assets	3,509,306	3,308,423
Operating right of use lease assets	150,995	161,494
Property and equipment, net of accumulated depreciation of $527,234 and $532,631	332,856	345,381
Goodwill	807,848	641,605
Acquired intangible assets, net of accumulated amortization of $185,145 and $185,054	197,281	97,793
Other assets, net of accumulated amortization of $64,197 and $62,349	197,232	189,580
Total assets	5,195,518	4,744,276
Current liabilities:
Settlement obligations	1,057,423	1,102,389
Trade accounts payable	184,155	193,529
Accrued expenses and other current liabilities	478,820	367,692
Current portion of operating lease liabilities	48,899	52,136
Short-term debt obligations and current maturities of long-term debt obligations	450,319	821
Income taxes payable	46,668	59,037
Deferred revenue	63,260	77,037
Total current liabilities	2,329,544	1,852,641
Debt obligations, net of current portion	1,638,663	1,420,085
Operating lease obligations, net of current portion	103,625	111,355
Deferred income taxes	33,811	46,505
Other long-term liabilities	70,733	58,166
Total liabilities	4,176,376	3,488,752
Euronet Worldwide, Inc. stockholders’ equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; none issued
Common Stock, $0.02 par value. 90,000,000 shares authorized; shares issued 63,850,934 and 63,779,009	1,277	1,275
Additional paid-in-capital	1,223,294	1,274,118
Treasury stock, at cost, shares issued 14,271,179 and 12,631,125	(1,106,094)	(931,212)
Retained earnings	1,182,787	1,083,882
Accumulated other comprehensive loss	(281,858)	(172,582)
Total Euronet Worldwide, Inc. stockholders’ equity	1,019,406	1,255,481
Noncontrolling interests	(264)	43
Total equity	1,019,142	1,255,524
Total liabilities and equity	$ 5,195,518	$ 4,744,276

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 4,392	$ 4,469
Accumulated depreciation of property and equipment	527,234	532,631
Accumulated amortization of intangible assets	185,145	185,054
Accumulated amortization of other assets	$ 64,197	$ 62,349
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	63,850,934	63,779,009
Treasury stock, shares	14,271,179	12,631,125

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Revenues	$ 843,309	$ 714,686	$ 1,561,776	$ 1,367,356
Operating expenses:
Direct operating costs, exclusive of depreciation	500,662	470,816	958,815	905,332
Salaries and benefits	131,308	121,071	258,073	236,739
Selling, general and administrative	74,249	59,119	138,105	117,895
Depreciation and amortization	36,013	33,559	69,003	66,820
Total operating expenses	742,232	684,565	1,423,996	1,326,786
Operating income	101,077	30,121	137,780	40,570
Other income (expense):
Interest income	245	204	390	386
Interest expense	(8,862)	(9,457)	(14,996)	(18,646)
Foreign currency exchange gain (loss), net	(14,698)	116	(20,160)	(3,916)
Other gains, net			192	31
Other expense, net	(23,315)	(9,137)	(34,574)	(22,145)
Income before income taxes	77,762	20,984	103,206	18,425
Income tax expense	(20,728)	(12,352)	(37,882)	(18,414)
Net income	57,034	8,632	65,324	11
Net income (loss) attributable to noncontrolling interests	184	3	191	(41)
Net income (loss) attributable to Euronet Worldwide, Inc.	$ 57,218	$ 8,635	$ 65,515	$ (30)
Earnings per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ 1,130	$ 160	$ 1.29	$ 0
Diluted	$ 1,080.00	$ 160	$ 1.25	$ 0
Weighted average shares outstanding:
Basic	50,394,610	52,805,367	50,726,281	52,784,106
Diluted	53,766,914	54,008,839	54,133,724	52,784,106

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Statement [Abstract]
Net income	$ 57,034	$ 8,632	$ 65,324	$ 11
Translation adjustment	(88,278)	12,686	(109,392)	(30,215)
Comprehensive income (loss)	(31,244)	21,318	(44,068)	(30,204)
Comprehensive income (loss) attributable to noncontrolling interests	(263)	(8)	(307)	4
Comprehensive income (loss) attributable to Euronet Worldwide, Inc.	$ (31,507)	$ 21,310	$ (44,375)	$ (30,200)

- 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.

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- 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.

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- Definition

Amount after tax and reclassification adjustments of other comprehensive income (loss).

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+ Details

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 1,445,903	$ 1,267	$ 1,228,446	$ (703,032)	$ 1,013,155	$ (94,214)	$ 281
Balance, shares at Dec. 31, 2020		52,734,049
Net income (loss)	(8,621)				(8,665)		44
Other comprehensive loss	(42,901)					(42,845)	(56)
Stock issued under employee stock plans	2,854	$ 1	3,335	(482)
Stock issued under employee stock plans, shares		62,436
Share-based compensation	8,492		8,492
Balance at Mar. 31, 2021	1,405,727	$ 1,268	1,240,273	(703,514)	1,004,490	(137,059)	269
Balance, shares at Mar. 31, 2021		52,796,485
Balance at Dec. 31, 2020	1,445,903	$ 1,267	1,228,446	(703,032)	1,013,155	(94,214)	281
Balance, shares at Dec. 31, 2020		52,734,049
Net income (loss)	11
Other comprehensive loss	(30,215)
Share-based compensation	10,984
Balance at Jun. 30, 2021	1,439,496	$ 1,269	1,252,456	(703,247)	1,013,125	(124,384)	277
Balance, shares at Jun. 30, 2021		52,822,254
Balance at Mar. 31, 2021	1,405,727	$ 1,268	1,240,273	(703,514)	1,004,490	(137,059)	269
Balance, shares at Mar. 31, 2021		52,796,485
Net income (loss)	8,632				8,635		(3)
Other comprehensive loss	12,686					12,675	11
Stock issued under employee stock plans	1,467	$ 1	1,199	267
Stock issued under employee stock plans, shares		25,769
Balance at Jun. 30, 2021	1,439,496	$ 1,269	1,252,456	(703,247)	1,013,125	(124,384)	277
Balance, shares at Jun. 30, 2021		52,822,254
Balance at Mar. 31, 2021	1,405,727	$ 1,268	1,240,273	(703,514)	1,004,490	(137,059)	269
Balance, shares at Mar. 31, 2021		52,796,485
Share-based compensation			10,984
Balance at Jun. 30, 2022	1,019,142	$ 1,277	1,223,294	(1,106,094)	1,182,787	(281,858)	(264)
Balance, shares at Jun. 30, 2022		49,579,755
Balance at Dec. 31, 2021	1,255,524	$ 1,275	1,274,118	(931,212)	1,083,882	(172,582)	43
Balance, shares at Dec. 31, 2021		51,147,884
Net income (loss)	8,290				8,297		(7)
Other comprehensive loss	(21,114)					(21,077)	(37)
Stock issued under employee stock plans	2,132	$ 1	1,989	142
Stock issued under employee stock plans, shares		40,173
Share-based compensation	9,803		9,803
Repurchase of shares	(70,351)			(70,351)
Repurchase of shares, shares		(639,535)
Adoption of ASU 2020-06			(74,080)
Adoption of ASU 2020-06 \| ASU 2020-06 [Member]	(40,690)				33,390
Balance at Mar. 31, 2022	1,143,594	$ 1,276	1,211,830	(1,001,421)	1,125,569	(193,659)	(1)
Balance, shares at Mar. 31, 2022		50,548,522
Balance at Dec. 31, 2021	1,255,524	$ 1,275	1,274,118	(931,212)	1,083,882	(172,582)	43
Balance, shares at Dec. 31, 2021		51,147,884
Net income (loss)	65,324
Other comprehensive loss	(109,392)
Repurchase of shares	$ (104,600)
Repurchase of shares, shares	(1,000,000)
Balance at Jun. 30, 2022	$ 1,019,142	$ 1,277	1,223,294	(1,106,094)	1,182,787	(281,858)	(264)
Balance, shares at Jun. 30, 2022		49,579,755
Balance at Mar. 31, 2022	1,143,594	$ 1,276	1,211,830	(1,001,421)	1,125,569	(193,659)	(1)
Balance, shares at Mar. 31, 2022		50,548,522
Net income (loss)	57,034				57,218		(184)
Other comprehensive loss	(88,278)					(88,199)	(79)
Stock issued under employee stock plans	1,250	$ 1	1,322	(73)
Stock issued under employee stock plans, shares		31,233
Share-based compensation	10,142		10,142
Repurchase of shares				(104,600)
Balance at Jun. 30, 2022	$ 1,019,142	$ 1,277	$ 1,223,294	$ (1,106,094)	$ 1,182,787	$ (281,858)	$ (264)
Balance, shares at Jun. 30, 2022		49,579,755

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Net income	$ 65,324	$ 11
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	69,003	66,820
Share-based compensation	19,945	19,476
Unrealized foreign exchange loss, net	20,160	3,916
Deferred income taxes	3,407	1,271
Accretion of convertible debt discount and amortization of debt issuance costs	2,351	10,012
Changes in working capital, net of amounts acquired:
Income taxes payable, net	(9,390)	(785)
Trade accounts receivable, including amounts in settlement assets	58,157	136,121
Prepaid expenses and other current assets, including amounts in settlement assets	(153,256)	136,331
Trade accounts payable, including amounts in settlement obligations	(119,462)	(213,158)
Deferred revenue	(9,925)	(30)
Accrued expenses and other current liabilities, including amounts in settlement obligations	255,516	17,340
Changes in noncurrent assets and liabilities	(21,171)	(4,018)
Net cash provided by operating activities	180,659	173,307
Cash flows from investing activities:
Acquisitions, net of cash acquired	(330,023)
Purchases of property and equipment	(53,052)	(45,076)
Purchases of other long-term assets	(3,856)	(4,273)
Other, net	(35)	1,017
Net cash used in investing activities	(386,966)	(48,332)
Cash flows from financing activities:
Proceeds from issuance of shares	3,732	5,271
Repurchase of shares	(175,287)	(943)
Borrowings from revolving credit agreements	4,049,100	1,606,100
Repayments of revolving credit agreements	(3,385,400)	(1,855,700)
Net borrowings (repayments) from short-term debt obligations	1,345	(45)
Other, net	(2,248)	(3,236)
Net cash provided by (used in) financing activities	491,242	(248,553)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(195,239)	(43,278)
Increase (decrease) in cash and cash equivalents and restricted cash	89,696	(166,856)
Cash and cash equivalents and restricted cash at beginning of period	2,086,102	2,099,508
Cash and cash equivalents and restricted cash at end of period	2,175,798	1,932,652
Supplemental disclosure of cash flow information:
Interest paid during the period	15,858	13,688
Income taxes paid during the period	$ 47,119	$ 18,886

General	6 Months Ended
General	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	(1) GENERAL Organization Euronet Worldwide, Inc. (the "Company", "Euronet", "we" and "us") was established as a Delaware corporation on December 13, 1996 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 ATM, POS, card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products, and international payment 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, changes in equity and cash flows for the interim periods. The unaudited consolidated financial statements should be read in conjunction with our audited consolidated financial statements for the year ended December 31, 2021, including the notes thereto, set forth in our 2021 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, 2022. Seasonality Euronet’s EFT Processing Segment normally experiences its heaviest demand for DCC 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.

Recently Issued and Adopted Accounting Pronouncements	6 Months Ended
Recently Issued and Adopted Accounting Pronouncements	Jun. 30, 2022
Accounting Policies [Abstract]
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	(2) RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" which simplifies the accounting for convertible instruments by eliminating certain accounting models when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in-capital. Under this ASU, certain debt instruments with embedded conversion features will be accounted for as a single liability measured at its amortized cost. Additionally, this ASU eliminates the treasury stock method to calculate diluted earnings per share for convertible instruments. We adopted this standard on January 1, 2022 using the modified retrospective approach, which resulted in our Convertible Senior Notes Due 2049 being recognized as a single liability. As a result of the adoption of this standard we recorded a $99.7 million decrease to additional paid-in capital, a $56.8 million decrease in debt discounts and a $42.9 million increase in retained earnings. The adoption of this standard also impacted our deferred tax liability by decreasing our deferred tax liability by $15.0 million, decreasing retained earnings by $10.6 million, and increasing additional paid-in capital by $25.6 million. Additionally, the elimination of the treasury stock method will increase the number of dilutive shares used in the diluted earnings per share calculation, if dilutive, by 2.8 million shares.

- 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.

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+ Details

Acquisitions

6 Months Ended

Jun. 30, 2022

Acquisitions

ACQUISITIONS

(3) ACQUISITIONS

On March 15, 2022 we completed the acquisition of the Merchant Acquiring Business of Piraeus Bank ("PBMA"). The acquisition includes 205,000 POS terminals at 170,000 merchants throughout Greece, as well as Piraeus Bank’s online merchant acquiring business and expands our omnichannel payments strategy where we use our proprietary technology to provide cash, card-based acquiring solutions, alternative payment acquiring, online acquiring, tokenized payment services and other payment products. Additionally, the acquisition includes a long-term commercial framework agreement between Piraeus Bank and Euronet which includes collaborative product distribution, processing and customer referrals.

The purchase price was €313.8 million, or approximately $346.2 million, which includes $331 million cash paid at closing plus $15.2 million of estimated contingent consideration for a ten-year earnout contingent on performance targets outlined in the commercial framework agreement. The contingent consideration is related to a percentage of the net fee income received during the ten-year period of the commercial framework agreement and there is no contractual maximum amount of consideration under this agreement.

The initial accounting for this acquisition is not complete as of June 30, 2022. The purchase price was preliminarily allocated to the assets acquired and liabilities assumed, including identifiable intangible assets, based on their respective provisional fair values at the date of acquisition. Additional time is needed to refine and review the results of the valuation of assets and liabilities. The acquisition has been accounted for as a business combination in accordance with U.S. GAAP and the results of operations have been included from the date of acquisition in the EFT Processing Segment.

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date.


(in thousands)		As of March 15, 2022
Other current assets	$	1,707
Settlement assets		78,718
Property and equipment		6,095
Acquired intangible assets		122,455
Total assets acquired	$	208,975

Trade accounts payable	$	1,499
Settlement liabilities		66,925
Accrued expenses and other current liabilities		5,929
Deferred revenue		500
Other long-term liabilities		99
Total liabilities assumed	$	74,952

Goodwill		212,183

Net assets acquired	$	346,206

Assets acquired, liabilities assumed, and consideration transferred were recorded at their estimated fair values on the acquisition date. The fair value measurements of intangible assets were based on significant inputs not observable in the market and represent Level 3 measurements within the fair value hierarchy. Level 3 inputs include discount rates that would be used by a market participant in valuing these assets, projections of revenues and cash flows, and customer attrition rates, among others.

We acquired a customer relationship intangible asset with a preliminary fair value of $112.2 million that is being amortized on a straight-line basis over 15 years and a contract related intangible asset of $10.3 million that is being amortized on a straight-line basis over 10 years.

Goodwill, with a preliminary value of $212.2 million, arising from the acquisition was included in the EFT Processing Segment. The factors that make up goodwill include synergies from combining PBMA operations and intangible assets that do not qualify for separate recognition. Goodwill and intangible assets associated with this acquisition are deductible for tax purposes.

The results of PBMA operations are included in our consolidated results of operation, as part of our EFT Processing business segment, beginning on March 16, 2022. For the three and six months ended June 30, 2022, PBMA had $27.5 million and $31.2 million in revenue. The PBMA business is impacted by higher transaction volumes during the tourism season in the second and third quarters.

Settlement Assets and Obligations

6 Months Ended

Jun. 30, 2022

Settlement Assets [Abstract]

SETTLEMENT ASSETS AND OBLIGATIONS

(4) 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. We record corresponding settlement obligations relating to accounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. The settlement cash held at the Company is primarily generated from the monies remitted by consumers through Company agents and financial institutions in payment of the face value of the payment service or foreign currency purchased and the related fees charged to purchase the currency. We use our cash and cash equivalents to pay the face value of the payment service product upon presentation by the recipient. Cash received by Company agents and merchants generally becomes available to us 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 us.

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

	As of
(in thousands)	June 30, 2022		December 31, 2021
Settlement assets:
Settlement cash and cash equivalents	$	213,649	$	203,624
Settlement restricted cash	49,840		74,897
Accounts receivable, net of credit losses of $30,009 and $27,341	593,738		619,738
Prepaid expenses and other current assets	200,196		204,130
Total settlement assets	$	1,057,423	$	1,102,389
Settlement obligations:
Trade account payables	$	383,652	$	461,135
Accrued expenses and other current liabilities	673,771		641,254
Total settlement obligations	$	1,057,423	$	1,102,389

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)	June 30, 2022		December 31, 2021		June 30, 2021		December 31, 2020
Cash and cash equivalents	$	1,014,859	$	1,260,466	$	994,488	$	1,420,255
Restricted cash	6,616		3,693		3,328		3,334
ATM cash	890,834		543,422		565,084		411,054
Settlement cash and cash equivalents	213,649		203,624		311,131		188,191
Settlement restricted cash	49,840		74,897		58,621		76,674
Cash and cash equivalents and restricted cash at end of period	$	2,175,798	$	2,086,102	$	1,932,652	$	2,099,508

Stockholders' Equity

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

STOCKHOLDERS' EQUITY

(5) STOCKHOLDERS' EQUITY

Earnings (Loss) Per Share

Basic earnings (loss) per share has been computed by dividing earnings (loss) available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted earnings (loss) per share has been computed by dividing earnings (loss) available to common stockholders by the weighted average shares outstanding during the respective period, after adjusting for the potential dilution of options to purchase our common stock, assumed vesting of restricted stock and the assumed conversion of our convertible debt, if such conversion would be dilutive.

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

		Three Months Ended June 30,				Six Months Ended June 30,
		2022		2021		2022		2021
Computation of diluted earnings:
Net income (loss)	$	57,218	$	8,635	$	65,515	$	(30	)
Add: Interest expense from assumed conversion of convertible notes, net of tax		1,098		—		2,113		—
Net income (loss) for diluted earnings per share calculation	$	58,316	$	8,635	$	67,628	$	(30	)

Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		50,394,610		52,805,367		50,726,281		52,784,106
Incremental shares from assumed exercise of stock options and vesting of restricted stock		590,486		1,203,472		625,625		—
Incremental shares from assumed conversion of convertible debt		2,781,818		—		2,781,818		—
Diluted weighted average shares outstanding		53,766,914		54,008,839		54,133,724		52,784,106

The table includes all stock options and restricted stock that are dilutive to our weighted average common shares outstanding during the period. The calculation of diluted earnings (loss) per share excludes stock options or shares of restricted stock that are anti-dilutive to our weighted average common shares outstanding of approximately 2,971,768 and 2,972,786 for the three and six months ended June 30, 2022 and 1,239,000 and 2,429,000 for the three and six months ended June 30, 2021, respectively.

We issued Convertible Senior Notes ("Convertible Notes") due March 2049 on March 18, 2019. Our Convertible Notes currently have a settlement feature requiring us 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 our common stock or a combination thereof, at our option. We have stated our intent to settle any conversion of these notes by paying cash for the principal value and issuing common stock for any conversion premium; however, after adopting ASU 2020-06, 2.8 million incremental shares assumed for conversion of convertible notes shall be included in the dilutive earnings per share calculation, if dilutive, regardless of whether the market price trigger has been met. Therefore, our Convertible Notes were included in the calculation of diluted earnings (loss) per share if their inclusion was dilutive. The dilutive effect increases the more the market price exceeds the conversion price of $188.73 per share. See Note 9, Debt Obligations, to the consolidated financial statements for more information about the Convertible Notes.

Share repurchases

On February 26, 2020, we 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. On December 8, 2021, we put a repurchase program in place to repurchase up to $300 million in value, but not more than 5.0 million shares of common stock through December 8, 2023. Under the repurchase programs we repurchased $104.6 million and $175.0 million of stock, for the three and six months ended June 30, 2022, respectively. Repurchases under the current 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. We recorded foreign currency translation losses of $88.3 million and $109.4 million for the three and six months ended June 30, 2022, respectively, and gain of $12.7 million and loss of $30.2 million for the same periods in 2021. There were no reclassifications of foreign currency translation into the consolidated statements of income for the three and six months ended June 30, 2022 and 2021.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-URI https://asc.fasb.org/topic&trid=2208762

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-Name Accounting Standards Codification
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+ Details

Goodwill and Acquired Intangible Assets, Net

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

(6) GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET

A summary of acquired intangible assets and goodwill activity for the six months ended June 30, 2022 is presented below:


(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of December 31, 2021	$	97,793		$	641,605		$	739,398
Increases (decreases):
Acquisition	122,455			212,183			334,638
Amortization	(13,325		)	—			(13,325		)
Foreign currency exchange rate changes	(9,642		)	(45,940		)	(55,582		)
Balance as of June 30, 2022	$	197,281		$	807,848		$	1,005,129

Of the total goodwill balance of $807.8 million as of June 30, 2022, $371.5 million relates to the Money Transfer Segment, $315.1 million relates to the EFT Processing Segment and the remaining $121.2 million relates to the epay Segment. Estimated amortization expense on acquired intangible assets with finite lives as of June 30, 2022, is expected to total $13.9 million for the remainder of 2022, $23.7 million for 2023, $17.6 million for 2024, $14.4 million for 2025, $14.0 million for 2026 and $12.8 million for 2027.

Accrued Expenses and Other Current Liabilities

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

(7) ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following:


	As of
(in thousands)	June 30, 2022		December 31, 2021
Accrued expenses	$	376,386	$	285,098
Derivative liabilities	51,074		23,285
Accrued payroll expenses	48,098		55,162
Current portion of finance lease obligations	3,262		4,147
Total	$	478,820	$	367,692

Deferred Revenues	6 Months Ended
Deferred Revenues	Jun. 30, 2022
Deferred Revenue Disclosure [Abstract]
DEFERRED REVENUES	(8) DEFERRED REVENUES We record deferred revenues when cash payments are received or due in advance of our performance. The decrease in the deferred revenue balance for the six months ended June 30, 2022 is the result of $20.2 million of cash payments received in the current year for which we have not yet satisfied the performance obligations, offset by $34.0 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2021.

Debt Obligations

6 Months Ended

Jun. 30, 2022

Debt Obligations [Abstract]

DEBT OBLIGATIONS

9) DEBT OBLIGATIONS

Debt obligations consist of the following:

	As of
(in thousands)	June 30, 2022			December 31, 2021
Credit Facility:
Revolving credit agreement	$	497,100		$	283,400

Uncommitted Credit Agreements		450,000			—
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	525,000			468,235

1.375% Senior Notes, due 2026	628,920			682,080

Other obligations	396			920

Total debt obligations	2,101,416			1,434,635
Unamortized debt issuance costs	(12,434		)	(13,729		)
Carrying value of debt	2,088,982			1,420,906
Short-term debt obligations and current maturities of long-term debt obligations	(450,319		)	(821		)
Long-term debt obligations	$	1,638,663		$	1,420,085

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 Credit Facility allows for borrowings in Australian dollars, British pounds sterling, Canadian dollars, Czech koruna, Danish krone, euro, Hungarian forints, Japanese yen, New Zealand dollars, Norwegian krone, Polish zlotys, Swedish krona, Swiss francs and U.S. dollars. The 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 Credit Facility contains customary affirmative and negative covenants, events of default and financial covenants. The Company was in compliance with all debt covenants as of June 30, 2022.

Uncommitted Credit Agreements

On May 25, 2022, the Company entered into an Uncommitted Credit Agreement for $300 million, fully drawn and outstanding at June 30, 2022, for the sole purpose of providing vault cash for ATMs, that expires no later than November 30, 2022. Each loan bears interest at the rate per annum equal to the secured overnight financing rate (“SOFR”) plus 1.00%. The weighted-average interest rate from the loan inception date to June 30, 2022 was 1.900%.

On June 24, 2022, the Company entered into an Uncommitted Loan Agreement for $150 million, fully drawn and outstanding at June 30, 2022, for the sole purpose of providing vault cash for ATMs, that expires no later than June 23, 2023. Each loan is a Prime rate loan, a Bloomberg Short-term Bank Yield ("BSBY") rate loan or bears interest at the rate agreed to by the Bank and the Company at the time such loan is made. The weighted-average interest rate from the loan inception date to June 30, 2022 was 2.317%.

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.

Prior to the adoption of ASU 2020-06 as of January 1, 2022, in accordance with ASC 470-20-30-27, proceeds from the issuance of convertible debt was allocated between debt and equity components so that debt was discounted to reflect our nonconvertible debt borrowing rate. ASC 470-20-35-13 required the debt discount to be amortized over the period the convertible debt was 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 and $2.0 million for the three and six months ended June 30, 2021, respectively. Accretion expense for the Convertible Notes was $4.0 million and $7.9 million for the three and six months ended June 30, 2021. See Footnote 2, Recently Issued and Adopted Accounting Pronouncements, for more information regarding this adoption.

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 are due in 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 June 30, 2022, the Company has outstanding €600 million ($628.9 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 June 30, 2022 and December 31, 2021, borrowings under these arrangements were $0.4 million and $0.9 million, respectively.

Debt Issuance Costs

As of June 30, 2022, we had unamortized debt issuance costs of $1.8 million for the Credit Facility, $5.9 million for the Convertible Notes and $4.7 million for the Senior Notes that will be amortized through October 2023, March 2025 and May 2026, respectively.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI https://asc.fasb.org/topic&trid=2208564

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+ Details

Fair Value Measurements

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

(11) 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 June 30, 2022
(in thousands)	Balance Sheet Classification	Level 1		Level 2		Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	65,802	$	—	$	65,802
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(51,074)	$	—	$	(51,074)

		As of December 31, 2021
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	27,582		$	—	$	27,582
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(23,285	)	$	—	$	(23,285	)

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 and Senior Notes using quoted prices in inactive markets for identical liabilities (Level 2). As of June 30, 2022, the fair values of the Convertible Notes and Senior Notes were $513.6 million and $550.0 million, respectively, with carrying values of $525.0 million and $628.9 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

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SEGMENT INFORMATION

(12) SEGMENT INFORMATION

Our reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting ("ASC 280"). We currently operate in the following three reportable operating segments:

1) Through the EFT Processing Segment, we process transactions for a network of ATMs and POS terminals across Europe, the Middle East, Africa, Asia Pacific and the United States. We provide comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit, debit and prepaid card outsourcing, dynamic currency conversion, domestic and international surcharges and other value added services. Through this segment, we also offer a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems.

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

3) Through the Money Transfer Segment, we provide global money transfer services under the brand names Ria, AFEX, IME, and xe. Ria, AFEX, 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. We also offer 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, we account for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in our administrative division, "Corporate Services, Eliminations and Other." These services are not directly identifiable with our reportable operating segments.

The following tables present our reportable segment results for the three and six months ended June 30, 2022 and 2021:

	For the Three Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	249,030	$	227,706	$	368,459	$	(1,886	)	$	843,309
Operating expenses:
Direct operating costs, exclusive of depreciation	123,758		173,655		205,063		(1,814		)	500,662
Salaries and benefits	27,693		19,772		67,977		15,866			131,308
Selling, general and administrative	17,004		8,277		46,361		2,607			74,249
Depreciation and amortization	25,745		1,616		8,546		106			36,013
Total operating expenses	194,200		203,320		327,947		16,765			742,232
Operating income (loss)	$	54,830	$	24,386	$	40,512	$	(18,651	)	$	101,077

	For the Three Months Ended June 30, 2021
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	113,482		$	243,918	$	359,308	$	(2,022	)	$	714,686
Operating expenses:
Direct operating costs, exclusive of depreciation	82,681			184,989		205,164		(2,018		)	470,816
Salaries and benefits	24,098			19,775		62,710		14,488			121,071
Selling, general and administrative	9,799			9,772		38,326		1,222			59,119
Depreciation and amortization	22,240			2,147		9,026		146			33,559
Total operating expenses	138,818			216,683		315,226		13,838			684,565
Operating income (loss)	$	(25,336	)	$	27,235	$	44,082	$	(15,860	)	$	30,121

	For the Six Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	394,601	$	463,544	$	707,425	$	(3,794	)	$	1,561,776
Operating expenses:
Direct operating costs, exclusive of depreciation	217,095		351,975		393,460		(3,715		)	958,815
Salaries and benefits	52,937		39,949		135,202		29,985			258,073
Selling, general and administrative	28,118		17,717		87,398		4,872			138,105
Depreciation and amortization	48,088		3,312		17,388		215			69,003
Total operating expenses	346,238		412,953		633,448		31,357			1,423,996
Operating income (loss)	$	48,363	$	50,591	$	73,977	$	(35,151	)	$	137,780

	For the Six Months Ended June 30, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	200,558	$	486,221	$	684,208	$	(3,631	)	$	1,367,356
Operating expenses:
Direct operating costs	152,293		367,622		389,042		(3,625		)	905,332
Salaries and benefits	47,669		39,144		123,250		26,676			236,739
Selling, general and administrative	21,761		18,792		74,442		2,900			117,895
Depreciation and amortization	44,267		4,271		17,989		293			66,820
Total operating expenses	265,990		429,829		604,723		26,244			1,326,786
Operating income (loss)	$	(65,432)	$	56,392	$	79,485	$	(29,875	)	$	40,570

The following table presents our total assets by reportable segment:


	Total Assets as of
(in thousands)	June 30, 2022		December 31, 2021
EFT Processing	$	2,463,591	$	1,682,680
epay	727,248		1,234,074
Money Transfer	1,679,328		1,621,726
Corporate Services, Eliminations and Other	325,351		205,796
Total	$	5,195,518	$	4,744,276

The following table presents our revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. We believe 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 June 30, 2022								For the Six Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Total			EFT Processing		epay		Money Transfer		Total
Europe	$	199,275	$	140,293	$	148,561	$	488,129	$	296,474	$	290,687	$	288,670	$	875,831
North America	16,635		32,960		179,656		229,251			33,803		65,604		338,388		437,795
Asia Pacific	32,316		40,984		27,091		100,391			62,751		81,783		53,709		198,243
Other	804		13,469		13,151		27,424			1,573		25,470		26,658		53,701
Eliminations	—		—		—		(1,886)			—		—		—		(3,794	)
Total	$	249,030	$	227,706	$	368,459	$	843,309	$	394,601	$	463,544	$	707,425	$	1,561,776


	For the Three Months Ended June 30, 2021									For the Six Months Ended June 30, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Total				EFT Processing		epay		Money Transfer		Total
Europe	$	73,109	$	160,560	$	149,606	$	383,275		$	119,971	$	325,468	$	282,445	$	727,884
North America	15,203		34,601		170,324		220,128				29,669		68,442		322,626		420,737
Asia Pacific	25,035		38,377		26,524		89,936				50,729		72,695		54,993		178,417
Other	135		10,380		12,854		23,369				189		19,616		24,144		43,949
Eliminations	—		—		—		(2,022		)		—		—		—		(3,631	)
Total	$	113,482	$	243,918	$	359,308	$	714,686		$	200,558	$	486,221	$	684,208	$	1,367,356

- 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
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+ Details

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	(13) INCOME TAXES Our effective income tax rate was 26.7% and 36.7% for the three and six months ended June 30, 2022, respectively, compared to 58.9% and 99.9% for the three and six months ended June 30, 2021, respectively. Our effective income tax rate for the three and six months ended June 30, 2022 was higher than the applicable statutory income tax rate of 21% as a result of certain foreign earnings being subject to higher local statutory tax rates, the non-recognition of tax benefits from losses in certain foreign countries where we have a limited history of profitable earnings and as a result of an increase in the valuation allowance in certain jurisdictions relating to the reversal of tax benefits recognized in the first quarter of 2021 for continuing net operating losses.

- 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

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Commitments

6 Months Ended

Jun. 30, 2022

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS

(14) COMMITMENTS

As of June 30, 2022, we had $80.4 million of stand-by letters of credit/bank guarantees issued on our behalf, of which $53.8 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $3.4 million of cash deposits held by the respective issuing banks.

Under certain circumstances, we grant guarantees in support of obligations of subsidiaries. As of June 30, 2022, we had granted off balance sheet guarantees for cash in various ATM networks amounting to $10.5 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $41.2 million over the terms of agreements with our customers.

From time to time, we enter 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. Our liability under such indemnification provisions may be mitigated by relevant insurance coverage and may be subject to time and materiality limitations, monetary caps and other conditions and defenses. Such indemnification obligations include the following:

In connection with contracts with financial institutions in the EFT Processing Segment, we are responsible for damage to ATMs and theft of ATM network cash. As of June 30, 2022, the balance of such cash used in our ATM networks for which we were responsible was approximately $477.9 million. We maintain insurance policies to mitigate this exposure;
In connection with contracts with financial institutions in the EFT Processing Segment, we are responsible for losses suffered by our customers and other parties as a result of the breach of our computer systems, including in particular, losses arising from fraudulent transactions made using information stolen through our processing systems. We maintain insurance policies to mitigate this exposure;
In connection with the license of proprietary systems to customers, we provide 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;
We have entered into purchase and service agreements with vendors and consulting agreements with providers of consulting services, pursuant to which we have agreed to indemnify certain of such vendors and consultants, respectively, against third-party claims arising from our 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, we have 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 us, we have 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 us, we have 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
We have entered into agreements with certain third parties, including banks that provide fiduciary and other services to us or our benefit plans. Under such agreements, we have agreed to indemnify such service providers for third-party claims relating to carrying out their respective duties under such agreements.

We are also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which we have operations. We have obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities.

To date, we are not aware of any significant claims made by the indemnified parties or third parties to guarantee agreements with us and, accordingly, no liabilities were recorded as of June 30, 2022 or December 31, 2021.

Litigation and Contingencies	6 Months Ended
Litigation and Contingencies	Jun. 30, 2022
Loss Contingency, Information about Litigation Matters [Abstract]
LITIGATION AND CONTINGENCIES	(15) LITIGATION AND CONTINGENCIES From time to time, we are a party to legal or regulatory proceedings arising in the ordinary course of our 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 our consolidated financial condition or results of operations. In accordance with U.S. GAAP, we record 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

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

LEASES

(16) LEASES

We enter into operating leases for ATM sites, office spaces, retail stores and equipment. Our 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. We recognize 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 our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. We also have a unilateral termination right for most of the ATM site leases. Since we are not reasonably certain not to exercise termination options, payments for ATM site leases with termination options subject to the short-term lease exemption are expensed in the period incurred and corresponding leases are excluded from the right of use lease asset and lease liability balances. Certain of our 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 June 30, 2022 are:

	As of June 30, 2022
Maturity of Lease Liabilities (in thousands)	Operating Leases (1)
Remainder of 2022	$	23,650
2023	40,041
2024	30,569
2025	21,923
2026	15,380
Thereafter	25,379
Total lease payments	$	156,942
Less: imputed interest	(4,418		)
Present value of lease liabilities	$	152,524

(1) Operating lease payments reflect our current fixed obligations under the operating lease agreements.

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

Lease Expense (in thousands)	Income Statement Classification	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021			Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Operating lease expense	Selling, general and administrative and Direct operating costs	$	13,027	$	14,146	$	26,544	$	28,004
Short-term and variable lease expense	Selling, general and administrative and Direct operating costs		30,212		26,921		59,935		49,471
Total lease expense		$	43,239	$	41,067	$	86,479	$	77,475

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 June 30, 2022
Weighted- average remaining lease term (years)	4.9
Weighted- average discount rate	2.3	%

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


Other Information (in thousands)	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities (a)	$	26,116	$	26,321
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	$	21,492	$	49,270

(a) Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows.

Recently Issued And Adopted Accounting Pronouncements (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Recently issued and adopted accounting pronouncements	In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" which simplifies the accounting for convertible instruments by eliminating certain accounting models when the conversion features are not required to be accounted for as derivatives under Topic 815, Derivatives and Hedging, or that do not result in substantial premiums accounted for as paid-in-capital. Under this ASU, certain debt instruments with embedded conversion features will be accounted for as a single liability measured at its amortized cost. Additionally, this ASU eliminates the treasury stock method to calculate diluted earnings per share for convertible instruments. We adopted this standard on January 1, 2022 using the modified retrospective approach, which resulted in our Convertible Senior Notes Due 2049 being recognized as a single liability. As a result of the adoption of this standard we recorded a $99.7 million decrease to additional paid-in capital, a $56.8 million decrease in debt discounts and a $42.9 million increase in retained earnings. The adoption of this standard also impacted our deferred tax liability by decreasing our deferred tax liability by $15.0 million, decreasing retained earnings by $10.6 million, and increasing additional paid-in capital by $25.6 million. Additionally, the elimination of the treasury stock method will increase the number of dilutive shares used in the diluted earnings per share calculation, if dilutive, by 2.8 million shares.

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2022

Acquisitions

Summary of the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date

The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date.


(in thousands)		As of March 15, 2022
Other current assets	$	1,707
Settlement assets		78,718
Property and equipment		6,095
Acquired intangible assets		122,455
Total assets acquired	$	208,975

Trade accounts payable	$	1,499
Settlement liabilities		66,925
Accrued expenses and other current liabilities		5,929
Deferred revenue		500
Other long-term liabilities		99
Total liabilities assumed	$	74,952

Goodwill		212,183

Net assets acquired	$	346,206

Settlement Assets and Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Settlement Assets [Abstract]

Schedule of settlement assets and liabilities

	As of
(in thousands)	June 30, 2022		December 31, 2021
Settlement assets:
Settlement cash and cash equivalents	$	213,649	$	203,624
Settlement restricted cash	49,840		74,897
Accounts receivable, net of credit losses of $30,009 and $27,341	593,738		619,738
Prepaid expenses and other current assets	200,196		204,130
Total settlement assets	$	1,057,423	$	1,102,389
Settlement obligations:
Trade account payables	$	383,652	$	461,135
Accrued expenses and other current liabilities	673,771		641,254
Total settlement obligations	$	1,057,423	$	1,102,389

Schedule of cash and cash equivalents restricted cash

	As of
(in thousands)	June 30, 2022		December 31, 2021		June 30, 2021		December 31, 2020
Cash and cash equivalents	$	1,014,859	$	1,260,466	$	994,488	$	1,420,255
Restricted cash	6,616		3,693		3,328		3,334
ATM cash	890,834		543,422		565,084		411,054
Settlement cash and cash equivalents	213,649		203,624		311,131		188,191
Settlement restricted cash	49,840		74,897		58,621		76,674
Cash and cash equivalents and restricted cash at end of period	$	2,175,798	$	2,086,102	$	1,932,652	$	2,099,508

Stocholders' Equity (Tables)

6 Months Ended

Jun. 30, 2022

Stockholders' Equity Note [Abstract]

Schedule of computation of diluted weighted average number of common shares outstanding

		Three Months Ended June 30,				Six Months Ended June 30,
		2022		2021		2022		2021
Computation of diluted earnings:
Net income (loss)	$	57,218	$	8,635	$	65,515	$	(30	)
Add: Interest expense from assumed conversion of convertible notes, net of tax		1,098		—		2,113		—
Net income (loss) for diluted earnings per share calculation	$	58,316	$	8,635	$	67,628	$	(30	)

Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		50,394,610		52,805,367		50,726,281		52,784,106
Incremental shares from assumed exercise of stock options and vesting of restricted stock		590,486		1,203,472		625,625		—
Incremental shares from assumed conversion of convertible debt		2,781,818		—		2,781,818		—
Diluted weighted average shares outstanding		53,766,914		54,008,839		54,133,724		52,784,106

Goodwill and Acquired Intangible Assets, Net (Tables)

6 Months Ended

Jun. 30, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of acquired intangible assets and goodwill activity

A summary of acquired intangible assets and goodwill activity for the six months ended June 30, 2022 is presented below:


(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of December 31, 2021	$	97,793		$	641,605		$	739,398
Increases (decreases):
Acquisition	122,455			212,183			334,638
Amortization	(13,325		)	—			(13,325		)
Foreign currency exchange rate changes	(9,642		)	(45,940		)	(55,582		)
Balance as of June 30, 2022	$	197,281		$	807,848		$	1,005,129

Accrued Expenses and Other Current Liabilities (Tables)

6 Months Ended

Jun. 30, 2022

Payables and Accruals [Abstract]

Schedule of accrued expenses and other current liabilities

Accrued expenses and other current liabilities consist of the following:


	As of
(in thousands)	June 30, 2022		December 31, 2021
Accrued expenses	$	376,386	$	285,098
Derivative liabilities	51,074		23,285
Accrued payroll expenses	48,098		55,162
Current portion of finance lease obligations	3,262		4,147
Total	$	478,820	$	367,692

Debt Obligations (Tables)

6 Months Ended

Jun. 30, 2022

Debt Obligations [Abstract]

Schedule of debt obligations

	As of
(in thousands)	June 30, 2022			December 31, 2021
Credit Facility:
Revolving credit agreement	$	497,100		$	283,400

Uncommitted Credit Agreements		450,000			—
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	525,000			468,235

1.375% Senior Notes, due 2026	628,920			682,080

Other obligations	396			920

Total debt obligations	2,101,416			1,434,635
Unamortized debt issuance costs	(12,434		)	(13,729		)
Carrying value of debt	2,088,982			1,420,906
Short-term debt obligations and current maturities of long-term debt obligations	(450,319		)	(821		)
Long-term debt obligations	$	1,638,663		$	1,420,085

Derivative Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2022

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of fair value of the derivative instruments as recorded in the Consolidated Balance Sheets

	Asset Derivatives					Liability Derivatives
		Fair Value					Fair Value
(in thousands)	Balance Sheet Location	June 30, 2022		December 31, 2021		Balance Sheet Location	June 30, 2022			December 31, 2021
Derivatives not designated as hedging instruments
Foreign currency exchange contracts	Other current assets	$	65,802	$	27,582	Other current liabilities	$	(51,074	)	$	(23,285	)

Schedule of offsetting assets and liabilities

Offsetting of Derivative Assets

							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of June 30, 2022	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	$	65,802	$	—	$	65,802	$	(35,062	)	$	(5,914	)	$	24,826

As of December 31, 2021
Derivatives subject to a master netting arrangement or similar agreement	$	27,582	$	—	$	27,582	$	(14,875	)	$	(2,284	)	$	10,423

Offsetting of Derivative Liabilities

									Gross Amounts Not Offset in the Consolidated Balance Sheet
As of June 30, 2022	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	$	(51,074	)	$	—	$	(51,074	)	$	35,062	$	1,850	$	(14,162	)

As of December 31, 2021
Derivatives subject to a master netting arrangement or similar agreement	$	(23,285	)	$	—	$	(23,285	)	$	14,875	$	640	$	(7,770	)

Schedule of amount of gains and losses on derivatives in the Consolidated Statements of Income

		Amount of Loss Recognized in Income on Derivative Contracts (a)
	Location of Loss Recognized in Income on Derivative Contracts	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)		2022		2021			2022		2021
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange loss, net	$	8,064	$	3,915	$	12,369	$	1,447

(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.

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2022

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis

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

		As of June 30, 2022
(in thousands)	Balance Sheet Classification	Level 1		Level 2		Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	65,802	$	—	$	65,802
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(51,074)	$	—	$	(51,074)

		As of December 31, 2021
(in thousands)	Balance Sheet Classification	Level 1		Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	27,582		$	—	$	27,582
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(23,285	)	$	—	$	(23,285	)

Segment Information (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

Schedule of reportable segment results

The following tables present our reportable segment results for the three and six months ended June 30, 2022 and 2021:

	For the Three Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	249,030	$	227,706	$	368,459	$	(1,886	)	$	843,309
Operating expenses:
Direct operating costs, exclusive of depreciation	123,758		173,655		205,063		(1,814		)	500,662
Salaries and benefits	27,693		19,772		67,977		15,866			131,308
Selling, general and administrative	17,004		8,277		46,361		2,607			74,249
Depreciation and amortization	25,745		1,616		8,546		106			36,013
Total operating expenses	194,200		203,320		327,947		16,765			742,232
Operating income (loss)	$	54,830	$	24,386	$	40,512	$	(18,651	)	$	101,077

	For the Three Months Ended June 30, 2021
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	113,482		$	243,918	$	359,308	$	(2,022	)	$	714,686
Operating expenses:
Direct operating costs, exclusive of depreciation	82,681			184,989		205,164		(2,018		)	470,816
Salaries and benefits	24,098			19,775		62,710		14,488			121,071
Selling, general and administrative	9,799			9,772		38,326		1,222			59,119
Depreciation and amortization	22,240			2,147		9,026		146			33,559
Total operating expenses	138,818			216,683		315,226		13,838			684,565
Operating income (loss)	$	(25,336	)	$	27,235	$	44,082	$	(15,860	)	$	30,121

	For the Six Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	394,601	$	463,544	$	707,425	$	(3,794	)	$	1,561,776
Operating expenses:
Direct operating costs, exclusive of depreciation	217,095		351,975		393,460		(3,715		)	958,815
Salaries and benefits	52,937		39,949		135,202		29,985			258,073
Selling, general and administrative	28,118		17,717		87,398		4,872			138,105
Depreciation and amortization	48,088		3,312		17,388		215			69,003
Total operating expenses	346,238		412,953		633,448		31,357			1,423,996
Operating income (loss)	$	48,363	$	50,591	$	73,977	$	(35,151	)	$	137,780

	For the Six Months Ended June 30, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	200,558	$	486,221	$	684,208	$	(3,631	)	$	1,367,356
Operating expenses:
Direct operating costs	152,293		367,622		389,042		(3,625		)	905,332
Salaries and benefits	47,669		39,144		123,250		26,676			236,739
Selling, general and administrative	21,761		18,792		74,442		2,900			117,895
Depreciation and amortization	44,267		4,271		17,989		293			66,820
Total operating expenses	265,990		429,829		604,723		26,244			1,326,786
Operating income (loss)	$	(65,432)	$	56,392	$	79,485	$	(29,875	)	$	40,570

The following table presents our total assets by reportable segment:


	Total Assets as of
(in thousands)	June 30, 2022		December 31, 2021
EFT Processing	$	2,463,591	$	1,682,680
epay	727,248		1,234,074
Money Transfer	1,679,328		1,621,726
Corporate Services, Eliminations and Other	325,351		205,796
Total	$	5,195,518	$	4,744,276

Schedule of Company's revenues disaggregated by segment and region


	For the Three Months Ended June 30, 2022								For the Six Months Ended June 30, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Total			EFT Processing		epay		Money Transfer		Total
Europe	$	199,275	$	140,293	$	148,561	$	488,129	$	296,474	$	290,687	$	288,670	$	875,831
North America	16,635		32,960		179,656		229,251			33,803		65,604		338,388		437,795
Asia Pacific	32,316		40,984		27,091		100,391			62,751		81,783		53,709		198,243
Other	804		13,469		13,151		27,424			1,573		25,470		26,658		53,701
Eliminations	—		—		—		(1,886)			—		—		—		(3,794	)
Total	$	249,030	$	227,706	$	368,459	$	843,309	$	394,601	$	463,544	$	707,425	$	1,561,776


	For the Three Months Ended June 30, 2021									For the Six Months Ended June 30, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Total				EFT Processing		epay		Money Transfer		Total
Europe	$	73,109	$	160,560	$	149,606	$	383,275		$	119,971	$	325,468	$	282,445	$	727,884
North America	15,203		34,601		170,324		220,128				29,669		68,442		322,626		420,737
Asia Pacific	25,035		38,377		26,524		89,936				50,729		72,695		54,993		178,417
Other	135		10,380		12,854		23,369				189		19,616		24,144		43,949
Eliminations	—		—		—		(2,022		)		—		—		—		(3,631	)
Total	$	113,482	$	243,918	$	359,308	$	714,686		$	200,558	$	486,221	$	684,208	$	1,367,356

Leases (Tables)

6 Months Ended

Jun. 30, 2022

Leases [Abstract]

Schedule of future minimum lease payments under non-cancelable operating leases

Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of June 30, 2022 are:

	As of June 30, 2022
Maturity of Lease Liabilities (in thousands)	Operating Leases (1)
Remainder of 2022	$	23,650
2023	40,041
2024	30,569
2025	21,923
2026	15,380
Thereafter	25,379
Total lease payments	$	156,942
Less: imputed interest	(4,418		)
Present value of lease liabilities	$	152,524

(1) Operating lease payments reflect our current fixed obligations under the operating lease agreements.

Schedule of lease expense recognized in consolidated statements of income

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

Lease Expense (in thousands)	Income Statement Classification	Three Months Ended June 30, 2022		Three Months Ended June 30, 2021			Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Operating lease expense	Selling, general and administrative and Direct operating costs	$	13,027	$	14,146	$	26,544	$	28,004
Short-term and variable lease expense	Selling, general and administrative and Direct operating costs		30,212		26,921		59,935		49,471
Total lease expense		$	43,239	$	41,067	$	86,479	$	77,475

Schedule of Lease Term and Discount Rate of Operating Leases

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 June 30, 2022
Weighted- average remaining lease term (years)	4.9
Weighted- average discount rate	2.3	%

Schedule of supplemental cash flow and non-cash information related to leases

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


Other Information (in thousands)	Six Months Ended June 30, 2022		Six Months Ended June 30, 2021
Cash paid for amounts included in the measurement of lease liabilities (a)	$	26,116	$	26,321
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	$	21,492	$	49,270

(a) Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows.

Recently Issued And Adopted Accounting Pronouncements (Details Textual) - ASU 2020-06 [Member] shares in Millions, $ in Millions	1 Months Ended
	Aug. 31, 2020 USD ($) shares
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Debt Discounts, before Tax Amount	$ 56.8
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	15.0
Additional Paid-in Capital
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	99.7
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	25.6
Retained Earnings
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	42.9
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	$ 10.6
Treasury Stock
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Incremental shares from assumed conversion of convertible debt \| shares	2.8

Aquisitions (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Mar. 15, 2022	Dec. 31, 2021
Acquisitions
Goodwill	$ 807,848		$ 641,605
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Other current assets	1,707
Settlement assets	78,718
Property and equipment	6,095
Acquired intangible assets	122,455
Total assets acquired	208,975
Trade accounts payable	1,499
Settlement liabilities	66,925
Accrued expenses and other current liabilities	5,929
Deferred revenue	500
Other long-term liabilities	99
Total liabilities assumed	74,952
Goodwill	212,183	$ 212,200
Net assets acquired	$ 346,206

Acquisitions (Details Textuals) $ in Thousands, € in Millions			3 Months Ended		6 Months Ended
	Mar. 15, 2022 EUR (€)	Mar. 15, 2022 USD ($) terminal merchant	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Acquisitions
Goodwill			$ 807,848		$ 807,848		$ 641,605
Operating (loss) income			101,077	$ 30,121	137,780	$ 40,570
Revenues			843,309	$ 714,686	$ 1,561,776	$ 1,367,356
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Number of point of sale terminals acquisition \| terminal		205,000
Number of merchants at point of sale terminals acquisition \| merchant		170,000
Business acquisition, purchase price	€ 313.8	$ 346,200
Payments to Acquire Businesses, cash paid		331,000
Contingent consideration		$ 15,200
Period of earnout contingent on performance targets	10 years	10 years
Contractual maximum amount of consideration					no contractual maximum amount of consideration under this agreement.
Acquired intangible assets			122,455		$ 122,455
Goodwill		$ 212,200	212,183		212,183
Revenues			$ 27,500		$ 31,200
Piraeus Bank Merchant Acquiring [Member] \| Customer Relationships [Member]
Acquisitions
Acquired intangible assets		$ 112,200
Amortization method					straight-line
Intangible asset, useful life	15 years	15 years
Piraeus Bank Merchant Acquiring [Member] \| Contract related intangible asset [Member]
Acquisitions
Acquired intangible assets		$ 10,300
Amortization method					straight-line
Intangible asset, useful life	10 years	10 years

Settlement Assets and Obligations (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Settlement Assets [Abstract]
Settlement cash and cash equivalents	$ 213,649	$ 203,624	$ 311,131	$ 188,191
Settlement restricted cash	49,840	74,897	$ 58,621	$ 76,674
Accounts receivable	593,738	619,738
Prepaid expenses and other current assets	200,196	204,130
Total settlement assets	1,057,423	1,102,389
Settlement obligations:
Trade account payables	383,652	461,135
Accrued expenses and other current liabilities	673,771	641,254
Total settlement obligations	$ 1,057,423	$ 1,102,389

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021	Jun. 30, 2021	Dec. 31, 2020
Settlement Assets [Abstract]
Cash and cash equivalents	$ 1,014,859	$ 1,260,466	$ 994,488	$ 1,420,255
Restricted cash	6,616	3,693	3,328	3,334
ATM cash	890,834	543,422	565,084	411,054
Settlement cash and cash equivalents	213,649	203,624	311,131	188,191
Settlement restricted cash	49,840	74,897	58,621	76,674
Cash and cash equivalents and restricted cash at end of period	$ 2,175,798	$ 2,086,102	$ 1,932,652	$ 2,099,508

Settlement Assets and Obligations (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Settlement Assets [Abstract]
Allowance for doubtful other receivables, current	$ 30,009	$ 27,341

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Stockholders' Equity (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Computation of diluted earnings:
Net income (loss)	$ 57,218	$ 8,635	$ 65,515	$ (30)
Add: Interest expense from assumed conversion of convertible notes, net of tax	1,098		2,113
Net income (loss) for diluted earnings per share calculation	$ 58,316	$ 8,635	$ 67,628	$ (30)
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	50,394,610	52,805,367	50,726,281	52,784,106
Incremental shares from assumed exercise of stock options and vesting of restricted stock	590,486	1,203,472	625,625
Incremental shares from assumed conversion of convertible debt	2,781,818		2,781,818
Diluted weighted average shares outstanding	53,766,914	54,008,839	54,133,724	52,784,106

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Stockholders' Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		15 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Dec. 08, 2021	Feb. 26, 2020	Mar. 18, 2019
Equity, Class of Treasury Stock [Line Items]
Weighted average common shares outstanding	2,971,768	1,239,000	2,972,786	2,429,000
Conversion price								$ 188.73
Foreign currency translation gain	$ 88,300		$ 109,400	$ 30,200	$ 12,700
Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount						$ 300,000	$ 250,000
Stock repurchase program, number of shares authorized						5,000,000	5,000,000
Stock repurchased	$ 104,600		$ 175,000

Goodwill and Acquired Intangible Assets, Net (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2022 USD ($)
Acquired Intangible Assets
Acquired Intangible Assets, Balance	$ 97,793
Increases (decreases):
Acquisition	122,455
Amortization	(13,325)
Foreign currency exchange rate changes	(9,642)
Acquired Intangible Assets, Balance	197,281
Goodwill
Goodwill, Balance	641,605
Increases (decreases):
Acquisition	212,183
Amortization
Foreign currency exchange rate changes	(45,940)
Goodwill, Balance	807,848
Total Intangible Assets
Total Intangible Assets, Balance	739,398
Increases (decreases):
Acquisition	334,638
Amortization	13,325
Foreign currency exchange rate changes	(55,582)
Total Intangible Assets, Balance	$ 1,005,129

Goodwill and Acquired Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, expected amortization, remainder of 2022	$ 13,900
Finite-lived intangible asset, expected amortization, 2023	23,700
Finite-lived intangible asset, expected amortization, 2024	17,600
Finite-lived intangible asset, expected amortization, 2025	14,400
Finite-lived intangible asset, expected amortization, 2026	14,000
Finite-lived intangible asset, expected amortization, 2027	12,800
Goodwill	807,848	$ 641,605
Goodwill [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	807,800
EFT Processing Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	315,100
Money Transfer Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	371,500
Epay Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 121,200

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Payables and Accruals [Abstract]
Accrued expenses	$ 376,386	$ 285,098
Derivative liabilities	51,074	23,285
Accrued payroll expenses	48,098	55,162
Current portion of finance lease obligations	3,262	4,147
Total	$ 478,820	$ 367,692

Deferred Revenue (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
Deferred Revenue (Details) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Deferred Revenue Disclosure [Abstract]
Decrease in deferred revenue	$ 20.2
Deferred revenue, revenue recognized		$ 34.0

Debt Obligations (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Revolving credit agreement	$ 497,100,000	$ 283,400,000
Uncommitted credit agreements	450,000,000
Convertible Debt	525,000
Senior notes (in USD)	628,900
Other obligations	396,000	920,000
Total debt obligations	2,101,416,000	1,434,635,000
Unamortized debt issuance costs	(12,434,000)	(13,729,000)
Carrying value of debt	2,088,982,000	1,420,906,000
Short-term debt obligations and current maturities of long-term debt obligations	(450,319,000)	(821,000)
Long-term debt obligations	1,638,663,000	1,420,085,000
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	525,000,000	468,235,000
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)	$ 628,920,000	$ 682,080,000

Debt Obligations (Details Textual) - USD ($)			1 Months Ended		3 Months Ended		6 Months Ended
Debt Obligations (Details Textual) - USD ($)	Mar. 18, 2019	Oct. 17, 2018	Jun. 24, 2022	May 25, 2022	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021	May 22, 2019
Debt Instrument [Line Items]
Uncommitted credit agreements expire date				Nov. 30, 2022
Senior notes (in USD)					$ 628,900		$ 628,900
Conversion price	$ 188.73
Debt instrument, convertible, carrying amount of equity component					99,700,000		99,700,000
Debt instrument, interest rate during period	100.00%			1.00%
Line of credit facility, expiration date		Oct. 17, 2023
Line of credit, current					400,000		400,000		$ 900,000
Uncommitted Credit Agreements					450,000,000		450,000,000
Uncommitted Credit Agreement [Member]
Debt Instrument [Line Items]
Sale purpose of cash				$ 300,000,000
Weighted-average interest rate				1.90%
Uncommitted Loan Agreement [Member]
Debt Instrument [Line Items]
Sale purpose of cash			$ 150,000,000
Weighted-average interest rate			2.317%
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					200,000,000		200,000,000
Unamortized debt issuance costs					1,800		1,800
Due 2049 [Member]
Debt Instrument [Line Items]
Sale of convertible senior notes	$ 525,000,000
Interest expense, debt						$ 1,000,000		$ 2,000,000
Amortization of debt discount (premium)					4,000,000
Unamortized debt issuance costs					5,900		5,900
Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)					$ 628,900,000		$ 628,900,000			$ 669,900,000
Long-term debt, percentage bearing fixed interest, percentage rate					1.375%		1.375%
Unamortized debt issuance costs					$ 4,700		$ 4,700
Minimum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							1.125%
Minimum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							0.175%
Maximum [Member] \| London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							2.00%
Maximum [Member] \| Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							1.00%
Swingline loans [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					50,000,000		$ 50,000,000
Foreign Swingline Loans [Member]
Debt Instrument [Line Items]
Uncommitted Credit Agreements				$ 90,000,000
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,000,000,000
Euro Member Countries, Euro
Debt Instrument [Line Items]
Senior notes (in USD)					$ 600,000,000		$ 600,000,000
Euro Member Countries, Euro \| Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)										$ 600,000,000

Derivative Instruments and Hedging Activities (Details) - Foreign Exchange Contracts [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 65,802	$ 27,582
Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivative instruments, liability at fair value	$ (51,074)	$ (23,285)

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets, Gross Amounts of Recognized Assets	$ 65,802	$ 27,582
Derivative Assets, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Assets, Net Amounts Presented in the Consolidated Balance Sheet	65,802	27,582
Derivative Assets, Financial Instruments	(35,062)	(14,875)
Derivative Assets, Cash Collateral Received	(5,914)	(2,284)
Derivative Assets, Net Amounts	24,826	10,423
Derivative Liabilities, Gross Amounts of Recognized Liabilities	(51,074)	(23,285)
Derivative Liabilities, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Liabilities, Net Amounts Presented in the Consolidated Balance Sheet	(51,074)	(23,285)
Derivative Liabilities, Financial Instruments	35,062	14,875
Derivative Liabilities, Cash Collateral Paid	1,850	640
Derivative Liabilities, Net Amounts	$ (14,162)	$ (7,770)

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Ria Operations [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ 8,064	$ 3,915	$ 12,369	$ 1,447

Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Dec. 31, 2021
Xe Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 900,000,000	$ 900,000,000	$ 1,000,000,000
United States of America, Dollars \| Ria Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	304,500,000	304,500,000	222,100,000
Euro Member Countries, Euro \| Ria Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	304,500,000	$ 304,500,000	$ 216,100,000
Maximum [Member] \| Ria Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term		14 days
Trading Revenue [Member] \| Xe Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	19,900	$ 38,400
Trading Revenue [Member] \| Xe Operations [Member] \| Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	$ 21,700,000	$ 44,200,000

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 65,802	$ 27,582
Foreign Currency Contracts, Liability, Fair Value Disclosure	(51,074)	(23,285)
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
Foreign Currency Contracts, Liability, Fair Value Disclosure
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	65,802	27,582
Foreign Currency Contracts, Liability, Fair Value Disclosure	(51,074)	(23,285)
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
Foreign Currency Contracts, Liability, Fair Value Disclosure

Fair Value Measurements (Details Textual)	Jun. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	$ 513,600
Convertible Debt	525,000
Senior notes (in USD)	628,900
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	$ 550,000

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 843,309	$ 714,686	$ 1,561,776	$ 1,367,356
Operating expenses:
Direct operating costs	500,662	470,816	958,815	905,332
Salaries and benefits	131,308	121,071	258,073	236,739
Selling, general and administrative	74,249	59,119	138,105	117,895
Depreciation and amortization	36,013	33,559	69,003	66,820
Total operating expenses	742,232	684,565	1,423,996	1,326,786
Operating income	101,077	30,121	137,780	40,570
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	249,030	113,482	394,601	200,558
Operating expenses:
Direct operating costs	123,758	82,681	217,095	152,293
Salaries and benefits	27,693	24,098	52,937	47,669
Selling, general and administrative	17,004	9,799	28,118	21,761
Depreciation and amortization	25,745	22,240	48,088	44,267
Total operating expenses	194,200	138,818	346,238	265,990
Operating income	54,830	(25,336)	48,363	(65,432)
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	227,706	243,918	463,544	486,221
Operating expenses:
Direct operating costs	173,655	184,989	351,975	367,622
Salaries and benefits	19,772	19,775	39,949	39,144
Selling, general and administrative	8,277	9,772	17,717	18,792
Depreciation and amortization	1,616	2,147	3,312	4,271
Total operating expenses	203,320	216,683	412,953	429,829
Operating income	24,386	27,235	50,591	56,392
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	368,459	359,308	707,425	684,208
Operating expenses:
Direct operating costs	205,063	205,164	393,460	389,042
Salaries and benefits	67,977	62,710	135,202	123,250
Selling, general and administrative	46,361	38,326	87,398	74,442
Depreciation and amortization	8,546	9,026	17,388	17,989
Total operating expenses	327,947	315,226	633,448	604,723
Operating income	40,512	44,082	73,977	79,485
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(1,886)	(2,022)	(3,794)	(3,631)
Operating expenses:
Direct operating costs	(1,814)	(2,018)	(3,715)	(3,625)
Salaries and benefits	15,866	14,488	29,985	26,676
Selling, general and administrative	2,607	1,222	4,872	2,900
Depreciation and amortization	106	146	215	293
Total operating expenses	16,765	13,838	31,357	26,244
Operating income	$ (18,651)	$ (15,860)	$ (35,151)	$ (29,875)

Segment Information (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total	$ 5,195,518	$ 4,744,276
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total	2,463,591	1,682,680
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total	727,248	1,234,074
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total	1,679,328	1,621,726
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total	$ 325,351	$ 205,796

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI https://asc.fasb.org/extlink&oid=126897435&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442552-122756

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 10
-Section S99
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-URI https://asc.fasb.org/extlink&oid=126975872&loc=SL124442526-122756

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Section S99
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-Subparagraph (SX 210.7-03(a)(12))
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
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Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Segment Information (Details 2) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 843,309	$ 714,686	$ 1,561,776	$ 1,367,356
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	249,030	113,482	394,601	200,558
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	227,706	243,918	463,544	486,221
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	368,459	359,308	707,425	684,208
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	488,129	383,275	875,831	727,884
Europe [Member] \| EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	199,275	73,109	296,474	119,971
Europe [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	140,293	160,560	290,687	325,468
Europe [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	148,561	149,606	288,670	282,445
North America [Member]
Segment Reporting Information [Line Items]
Revenues	229,251	220,128	437,795	420,737
North America [Member] \| EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	16,635	15,203	33,803	29,669
North America [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	32,960	34,601	65,604	68,442
North America [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	179,656	170,324	338,388	322,626
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	100,391	89,936	198,243	178,417
Asia Pacific [Member] \| EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	32,316	25,035	62,751	50,729
Asia Pacific [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	40,984	38,377	81,783	72,695
Asia Pacific [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	27,091	26,524	53,709	54,993
Other [Member]
Segment Reporting Information [Line Items]
Revenues	27,424	23,369	53,701	43,949
Other [Member] \| EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	804	135	1,573	189
Other [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	13,469	10,380	25,470	19,616
Other [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	13,151	12,854	26,658	24,144
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(1,886)	(2,022)	(3,794)	(3,631)
Eliminations [Member] \| EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Eliminations [Member] \| Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Eliminations [Member] \| Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues

Segment Information (Details Textual)	6 Months Ended
Segment Information (Details Textual)	Jun. 30, 2022
Segment Reporting [Abstract]
Number of reportable segments	3

Income Taxes (Details)	3 Months Ended		6 Months Ended
Income Taxes (Details)	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate	26.70%	58.90%	36.70%	99.90%
Federal statutory income tax rate	21.00%	21.00%	21.00%

Commitments (Details)	Jun. 30, 2022 USD ($)
Other Commitments [Line Items]
Collateralized cash deposits	$ 10,500
Guarantor obligations, maximum exposure, undiscounted	477,900
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	53,800
Performance Guarantee [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	80,400
Collateralized cash deposits	41,200
Indemnification Agreement [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	$ 3,400

Leases (Details)
$ in Thousands

Jun. 30, 2022

USD ($)

^[1]

Leases [Abstract]

$ 23,650

40,041

30,569

21,923

15,380

25,379

156,942

Less: imputed interest

4,418

Present value of lease liabilities

$ 152,524

[1]	Operating lease payments reflect our current fixed obligations under the operating lease agreements.

Leases (Details 1) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Leases (Details 1) - USD ($) $ in Thousands	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating lease expense	$ 13,027	$ 14,146	$ 26,544	$ 28,004
Short-term and variable lease expense	30,212	26,921	59,935	49,471
Total lease expense	$ 43,239	$ 41,067	$ 86,479	$ 77,475

Leases (Details 2)	6 Months Ended
Leases (Details 2)	Jun. 30, 2022
Leases [Abstract]
Weighted- average remaining lease term (years)	4 years 10 months 24 days
Weighted- average discount rate	2.30%

Leases (Details 3) - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2022

Jun. 30, 2021

Leases [Abstract]

Cash paid for amounts included in the measurement of lease liabilities

$ 26,116

^[1]

$ 26,321

Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:

ROU assets obtained in exchange for new operating lease liabilities

$ 21,492

$ 49,270

[1]	Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.