0001213900-23-013721 | 10-K | XBRL Viewer

Goodwill and Acquired Intangible Assets, Net

12 Months Ended

Dec. 31, 2022

Goodwill and Acquired Intangible Assets, Net [Abstract]

Goodwill and Acquired Intangible Assets, Net

(9) Goodwill and Acquired Intangible Assets, Net

The following table summarizes intangible assets as of December 31, 2022 and 2021:

	As of December 31, 2022					As of December 31, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	279,055	$	(116,986	)	$	176,024	$	(103,713	)
Trademarks and trade names	43,942		(33,733		)	45,445		(32,596		)
Software	54,584		(48,394		)	60,118		(47,485		)
Non-compete agreements	9,931		(124		)	1,260		(1,260		)
Total	$	387,512	$	(199,237	)	$	282,847	$	(185,054	)

The following table summarizes the goodwill and amortizable intangible assets activity for the years ended December 31, 2022 and 2021:

(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of January 1, 2021	$	121,883		$	665,821		$	787,704
Increases (decreases):
Amortization	(23,059		)	—			(23,059		)
Other (primarily changes in foreign currency exchange rates)	(1,031		)	(24,216		)	(25,247		)
Balance as of December 31, 2021	97,793			641,605			739,398
Increases (decreases):
Acquisitions (see footnote 6)	124,755			224,296			349,051
Amortization	(26,990		)	—			(26,990		)
Other (primarily changes in foreign currency exchange rates)	(7,283		)	(37,557		)	(44,840		)
Balance as of December 31, 2022	$	188,275		$	828,344		$	1,016,619

Of the total goodwill balance of $828.3 million as of December 31, 2022, $383.7 million relates to the Money Transfer Segment, $123.1 million relates to the epay Segment and the remaining $321.5 million relates to the EFT Processing Segment. Amortization expense for intangible assets with finite lives was $27.0 million, $23.1 million and $22.9 million for the years ended December 31, 2022, 2021 and 2020, respectively. Estimated annual amortization expense on intangible assets with finite lives as of December 31, 2022, is expected to total $24.1 million for 2023, $17.8 million for 2024, $14.6 million for 2025, $14.3 million for 2026, and $13.0 million for 2027.

Financial Instruments and Fair Value Measurements

12 Months Ended

Dec. 31, 2022

Financial Instruments and Fair Value Measurements [Abstract]

Financial Instruments and Fair Value Measurements

(18) Financial Instruments and Fair Value Measurements

Concentrations of credit risk

The Company's credit risk primarily relates to trade accounts receivable and cash and cash equivalents. The EFT Processing Segment's customer base includes the most significant international card organizations and certain banks in its markets. The epay Segment's customer base is diverse and includes several major retailers and/or distributors in markets that they operate. The Money Transfer Segment trade accounts receivable are primarily due from independent agents that collect cash from customers on the Company's behalf and generally remit the cash within one week. The Company performs ongoing evaluations of its customers' financial condition and limits the amount of credit extended, or purchases credit enhancement protection, when deemed necessary, but generally requires no collateral. See Note 15, Valuation and Qualifying Accounts, for further disclosure.

The Company invests excess cash not required for use in operations primarily in high credit quality, short-term duration securities that the Company believes bear minimal risk.

Fair value measurements

Fair value measurements used in the 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 measured and recorded at fair value on a recurring basis:

		As of December 31, 2022
(in thousands)	Balance Sheet Classification	Level 1			Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	50,248			$	—	$	50,248
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(42,320		)	$	—	$	(42,320	)

		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	)

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 SOFR 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 December 31, 2022, the fair values of the Convertible Notes and Senior Notes were $520.8 million and $568.9 million, respectively, with carrying values of $525.0 million and $642.1 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

Property and Equipment, Net

12 Months Ended

Dec. 31, 2022

Property and Equipment, Net [Abstract]

Property and Equipment, Net

(8) Property and Equipment, Net

The components of property and equipment, net of accumulated depreciation and amortization as of December 31, 2022 and 2021 are as follows:

	As of December 31,
(in thousands)	2022			2021
ATMs	$	578,130		$	560,310
POS terminals	41,486			31,321
Vehicles and office equipment	76,317			75,331
Computers and software	216,450			210,363
Land and buildings	651			687
	913,034			878,012
Less accumulated depreciation	(576,433		)	(532,631		)
Total	$	336,601		$	345,381

Depreciation expense related to property and equipment, including property and equipment recorded under finance leases, for the years ended December 31, 2022, 2021 and 2020 was $101.5 million, $104.7 million and $96.1 million, respectively.

Business Segment Information (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 3,358,741	$ 2,995,443	$ 2,482,700
Property and Equipment, net	336,601	345,381
Total Assets	5,403,633	4,744,276	4,926,711
UNITED STATES
Segment Reporting Information [Line Items]
Revenues	830,846	805,028	725,135
Property and Equipment, net	59,925	59,469
Total Assets	1,051,433	1,040,190
Non-US
Segment Reporting Information [Line Items]
Revenues	2,527,895	2,190,415	1,757,565
Property and Equipment, net	276,676	285,912
Total Assets	4,352,200	3,704,086
GERMANY
Segment Reporting Information [Line Items]
Revenues	644,488	631,550	533,999
Property and Equipment, net	30,222	32,126
Total Assets	772,575	901,724
SPAIN
Segment Reporting Information [Line Items]
Revenues	211,658	157,766	118,934
Property and Equipment, net	46,392	50,321
Total Assets	322,652	317,199
UNITED KINGDOM
Segment Reporting Information [Line Items]
Revenues	144,737	143,914	118,024
Property and Equipment, net	10,453	13,783
Total Assets	403,874	371,090
ITALY
Segment Reporting Information [Line Items]
Revenues	160,676	130,095	92,006
Property and Equipment, net	16,670	18,279
Total Assets	207,744	207,347
POLAND
Segment Reporting Information [Line Items]
Revenues	98,069	93,654	89,688
Property and Equipment, net	23,013	24,091
Total Assets	220,686	201,506
INDIA
Segment Reporting Information [Line Items]
Revenues	188,539	173,154	123,343
Property and Equipment, net	30,476	32,705
Total Assets	241,630	206,378
FRANCE
Segment Reporting Information [Line Items]
Revenues	173,825	166,655	119,265
Property and Equipment, net	8,514	7,038
Total Assets	140,396	134,981
GREECE
Segment Reporting Information [Line Items]
Revenues	160,971	61,627	39,705
Property and Equipment, net	18,032	10,815
Total Assets	597,206	80,778
MALAYSIA
Segment Reporting Information [Line Items]
Revenues	47,597	50,039	73,541
Property and Equipment, net	2,167	1,998
Total Assets	77,569	91,813
AUSTRALIA
Segment Reporting Information [Line Items]
Revenues	42,424	46,851	46,062
Property and Equipment, net	2,880	2,791
Total Assets	58,400	56,275
NEW ZEALAND
Segment Reporting Information [Line Items]
Revenues	61,550	56,480	47,368
Property and Equipment, net	3,537	3,949
Total Assets	234,836	231,468
NETHERLANDS
Segment Reporting Information [Line Items]
Revenues	54,634	49,442	39,630
Property and Equipment, net	5,302	6,280
Total Assets	196,667	217,521
CANADA
Segment Reporting Information [Line Items]
Revenues	66,439	46,851	49,487
Property and Equipment, net	744	847
Total Assets	106,419	103,056
BRAZIL
Segment Reporting Information [Line Items]
Revenues	51,367	44,304	28,473
Property and Equipment, net	258	268
Total Assets	46,695	34,115
Other Countries [Member]
Segment Reporting Information [Line Items]
Revenues	420,921	338,033	$ 238,040
Property and Equipment, net	78,016	80,621
Total Assets	$ 724,851	$ 548,835

Related Party Transactions (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Related party transaction, incurred expenses	$ 0.2	$ 0.1	$ 0.1

Settlement Assets and Obligations

12 Months Ended

Dec. 31, 2022

Settlement Assets and Obligations [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. The Company records 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. The Company uses its 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 the Company within two weeks after initial receipt by the business partner. Receivables from business partners represent funds collected by such business partners that are in transit to the Company.

Settlement obligations consist of 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 the Company. 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.

(in thousands)	As of December 31, 2022		As of December 31, 2021
Settlement assets:
Settlement cash and cash equivalents	$	242,621	$	203,624
Settlement restricted cash	94,015		74,897
Account receivables, net of credit loss allowance of $32,989 and $27,341	887,616		619,738
Prepaid expenses and other current assets	218,440		204,130
Total settlement assets	$	1,442,692	$	1,102,389
Settlement obligations:
Trade account payables	$	655,124	$	461,135
Accrued expenses and other current liabilities	787,568		641,254
Total settlement obligations	$	1,442,692	$	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)	December 31, 2022		December 31, 2021		December 31, 2020
Cash and cash equivalents	$	1,131,207	$	1,260,466	$	1,420,255
Restricted cash	7,374		3,693		3,334
ATM cash	515,643		543,422		411,054
Settlement cash and cash equivalents	242,621		203,624		188,191
Settlement restricted cash	94,015		74,897		76,674
Cash and cash equivalents and restricted cash at end of period	$	1,990,860	$	2,086,102	$	2,099,508

Debt Obligations (Details) $ in Thousands, € in Millions	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Revolving credit agreement		$ 454,800	$ 283,400
Convertible debt		525,000	642,100
Senior notes \| €	€ 600
Other obligations		207	920
Total debt obligations		1,622,127	1,434,635
Unamortized debt issuance costs		(12,880)	(13,729)
Carrying value of debt		1,609,247	1,420,906
Short-term debt obligations and current maturities of long-term debt obligations		(149)	(821)
Long-term debt obligations		1,609,098	1,420,085
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes		642,120	682,080
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible debt		$ 525,000	$ 468,235

Financial Instruments and Fair Value Measurements (Details Textual) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021
Financial Instruments and Fair Value Measurements [Abstract]
Convertible debt, carrying values	$ 525.0	$ 642.1
Convertible debt, fair value	$ 520.8	$ 568.9

Stock Plans (Details Textual)

12 Months Ended

Dec. 31, 2022

USD ($)

$ / shares

Dec. 31, 2021

USD ($)

$ / shares

Dec. 31, 2020

USD ($)

$ / shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares

4,900,000

Allocated Share-based Compensation Expense

$ 44,100,000

$ 36,500,000

$ 22,000,000

Employee Service Share-based Compensation, Tax Benefit from Compensation Expense

$ 3,400,000

$ 4,100,000

$ 2,100,000

Share-Based Compensation Arrangement by Share-Based Payment Award, Percentage of Outstanding Stock Maximum

10.00%

1000.00%

15.00%

Debt Instrument, Convertible, Threshold Consecutive Trading Days | d

Proceeds from Stock Options Exercised

$ 5,900,000

$ 7,800,000

$ 15,800,000

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value

$ 12,800,000

$ 27,700,000

$ 41,100,000

employee service share-based compensation, nonvested awards, total compensation cost not yet recognized, total period for recognition

3 years 2 months 12 days

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value

$ 9,300,000

Options granted | shares

4,900,000

Expected lives

4 years 7 months 6 days

4 years 6 months

5 years

Volatility

42.50%

40.00%

37.00%

Weighted Average Exercise Price, Granted | $ / shares

$ 91,470,000

$ 115,850,000

Adjusted earnings percentage

10.00%

Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options vesting period

3 years

Risk-free interest rate

3.45%

0.50%

0.31%

Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Options vesting period

5 years

Risk-free interest rate

3.97%

1.21%

1.17%

Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized

$ 16.8

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value

$ 13,800,000

$ 15,400,000

Weighted Average Grant Date Fair Value Per Share, Granted | $ / shares

$ 91.47

Weighted Average Exercise Price, Granted | $ / shares

$ 117.97

Performance-based Restricted Stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized

$ 26.3

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition

2 years

Time-based restricted stock [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition

2 years 10 months 13 days

Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant | shares

411,648,000,000

331,000,000,000

1,350,000,000,000

Weighted Average Remaining Contractual Term (years), Exercisable

4 years 4 months 24 days

Weighted Average Remaining Contractual Term (years), Vested

4 years

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized

$ 68,100,000

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition

4 years

Options granted | shares

411,648,000,000

331,000,000,000

1,350,000,000,000

Fair value of option | $ / shares

$ 36,700,000

$ 40,300,000

$ 26,900,000

Expected lives

4 years 7 months 6 days

^[1]

4 years 7 months 6 days

7 years 1 month 6 days

Risk-free interest rate

3.80%

1.19%

0.33%

Volatility

42.40%

39.30%

35.60%

Number of Shares, Granted | shares

622,722

Weighted Average Exercise Price, Granted | $ / shares

$ 90.31

Stock Option [Member] | Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Weighted Average Remaining Contractual Term (years), Exercisable

10 years

[1]

During 2020, the Company granted 1,350,000 options that were valued using a Monte Carlo simulation due to market performance conditions included in the option grant. The Monte Carlo simulation calculated a fair value per option of $26.90 using the following assumptions: volatility of 37.0%, risk-free interest rate of 0.33%, and a term of 5.0 years.

Acquisitions

12 Months Ended

Dec. 31, 2022

Acquisitions [Abstract]

Acquisitions

(6) Acquisitions

In accordance with ASC 805, the Company allocates the purchase price of its acquisitions to the tangible assets, liabilities and intangible assets acquired based on fair values. Any excess purchase price over those fair values is recorded as goodwill. The fair value assigned to intangible assets acquired is supported by valuations using estimates and assumptions provided by management. For certain large acquisitions, management engages an appraiser to assist in the valuation process.

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 €317.8 million, or approximately $350.6 million, which includes $331 million cash paid at closing, $4.4 million cash paid for surplus working capital and $15.2 million of estimated contingent consideration for a ten-year earn out 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 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 presents the final fair value that was allocated to PBMA's Euronet Merchant Services' (EMS) assets and liabilities based upon fair values as determined by the Company. The valuation process to determine the fair values is complete. For the year ended December 31, 2022, the Company made measurement period adjustments to reflect facts and circumstances in existence as of the effective time of the acquisition. These adjustments primarily included an adjustment to the accrued expenses and other current liabilities related to the surplus working capital of $4.4 million and some other immaterial adjustments.

(in thousands)	As of March 15, 2022
Other current assets	$	1,754
Settlement assets	77,643
Property and equipment	5,735
Intangible assets	122,455
Total assets acquired	$	207,587

Trade accounts payable	$	(2,155	)
Settlement liabilities		(65,851	)
Accrued expenses and other current liabilities		(1,313	)
Deferred revenue		(332	)
Other long-term liabilities	(100		)
Total liabilities assumed	$	(69,751	)

Goodwill	212,736

Net assets acquired	$	350,572

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 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 value of $212.7 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 period beginning on the acquisition date through December 31, 2022, PBMA had $88.8 million in revenue. The PBMA business is impacted by higher transaction volumes during the tourism season in the second and third quarters.

Other

The Company completed one additional acquisition in 2022 for immaterial amounts.

Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted Cash	$ 7,374	$ 3,693	$ 3,334
Restricted cash included within settlement assets	94,015	74,897	$ 76,674
Total Restricted Cash	101,389	78,590
Collateral on bank credit arrangements and other [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash included within settlement assets	13,452	12,820
Cash held in trust or on behalf of others [Member]
Restricted Cash and Cash Equivalents Items [Line Items]
Restricted cash included within settlement assets	80,563	62,077
Total Restricted Cash	$ 7,374	$ 3,693

Litigation and Contingencies

12 Months Ended

Dec. 31, 2022

Litigation and Contingencies [Abstract]

Litigation and Contingencies

(19) Litigation and Contingencies

From time to time, the Company is a party to legal and regulatory proceedings arising in the ordinary course of its business. Currently, there are no legal proceedings or regulatory findings that management believes, either individually or in the aggregate, would have a material adverse effect upon the Consolidated Financial Statements of the Company. In accordance with U.S. GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case.

Summary of Significant Accounting Policies and Practices (Details 1)	12 Months Ended
	Dec. 31, 2022
Minimum [Member] \| Non-compete agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	2 years
Minimum [Member] \| Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	2 years
Minimum [Member] \| Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	3 years
Minimum [Member] \| Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	6 years
Maximum [Member] \| Non-compete agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	5 years
Maximum [Member] \| Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	20 years
Maximum [Member] \| Software [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	10 years
Maximum [Member] \| Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived intangible assets, Useful life	20 years

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Income Taxes

(14) Income Taxes

The sources of income before income taxes for the years ended December 31, 2022, 2021 and 2020 are presented as follows:

	Year Ended December 31,
(in thousands)	2022			2021			2020
Income before taxes:
United States	$	(12,526	)	$	(4,775	)	$	40,323
Foreign	335,121			140,450			(32,152		)
Total income before income taxes	$	322,595		$	135,675		$	8,171

The Company's income tax expense for the years ended December 31, 2022, 2021 and 2020 consisted of the following:

	Year Ended December 31,
(in thousands)	2022			2021			2020
Current tax expense (benefit):
U.S.	$	3,878		$	2,810		$	2,605
Foreign	80,296			59,874			39,270
Total current	84,174			62,684			41,875
Deferred tax expense (benefit):
U.S.	(7,270		)	12,269			(16,100		)
Foreign	14,949			(9,865		)	(14,300		)
Total deferred	7,679			2,404			(30,400		)
Total tax expense	$	91,853		$	65,088		$	11,475

The following is a reconciliation of the federal statutory income tax rates of 21% to the effective income tax rate for the years ended December 31, 2022, 2021 and 2020:

	Year Ended December 31,
(dollar amounts in thousands)	2022			2021			2020
U.S. federal income tax expense at applicable statutory rate	$	67,745		$	28,492		$	1,716
Tax effect of:
State income tax expense at statutory rates, net of U.S. federal income tax	3,666			1,516			347
Non-deductible expenses	1,698			538			1,887
Share-based compensation	1,930			(3,524		)	(6,446		)
Other permanent differences	(219		)	(2,047		)	3,828
Difference between U.S. federal and foreign tax rates	13,859			7,438			7,002
Provision in excess of statutory rates	3,592			2,879			(6,491		)
Change in federal and foreign valuation allowance	(7,704		)	26,673			(4,238		)
Impairment of goodwill and acquired intangibles assets	—			—			22,053
GILTI, net of tax credits	9,807			3,900			—
Tax credits	(697		)	(1,122		)	(3,518		)
Other	(1,824		)	345			(4,665		)
Total income tax expense	$	91,853		$	65,088		$	11,475
Effective tax rate	28.47		%	48.0		%	140.4		%

We calculate our provision for federal, state and foreign income taxes based on current tax law.

The tax effect of temporary differences and carryforwards that give rise to deferred tax assets and liabilities from continuing operations are as follows:

	As of December 31,
(in thousands)	2022			2021
Deferred tax assets:
Tax loss carryforwards	$	64,889		$	65,862
Share-based compensation	12,620			9,743
Accrued expenses	23,192			19,907
Property and equipment	10,787			11,949
Goodwill and intangible amortization	8,999			9,353
Contract costs	7,034			9,921
Intercompany notes	17,352			6,077
Accrued revenue	5,073			7,541
Tax credits	64,384			65,267
Lease accounting	40,194			42,381
Foreign exchange	2,704			8,283
Other	7,755			14,616
Total deferred tax assets	264,983			270,900
Valuation allowance	(90,369		)	(100,489		)
Total deferred tax assets, net of valuation allowance	174,614			170,411
Deferred tax liabilities:
Intangible assets related to purchase accounting	(12,067		)	(11,763		)
Goodwill and intangible amortization	(31,716		)	(30,339		)
Accrued expenses	(22,661		)	(21,495		)
Intercompany notes	(14,544		)	(10,388		)
Accrued interest	(26,583		)	(34,175		)
Capitalized research and development	(1,229		)	(6,376		)
Property and equipment	(14,630		)	(15,597		)
Accrued revenue	(2,074		)	(2,073		)
Lease accounting	(40,194		)	(42,381		)
Foreign exchange	(9,773		)	(1,211		)
Other	(3,533		)	(3,971		)
Total deferred tax liabilities	(179,004		)	(179,769		)
Net deferred tax liabilities	$	(4,390	)	$	(9,358	)

Net deferred tax assets of $24.0 million and $36.8 million as of December 31, 2022 and 2021, respectively, are recorded within "Other assets" on the Consolidated Balance Sheet.

Subsequently recognized tax benefits relating to the valuation allowance for deferred tax assets as of December 31, 2022 are expected to be allocated to income taxes in the Consolidated Statements of Operations. As of December 31, 2022, and 2021, the Company's foreign tax loss carryforwards were $260.6 million and $267.3 million, respectively, and U.S. state tax loss carryforwards were $97.7 million and $73.7 million, respectively.

As of December 31, 2022, the Company had U.S. foreign tax credit carryforwards of $59.8 million which are largely not expected to be utilized in future periods. As of December 31, 2021, the Company had 100 U.S. foreign tax credit carryforwards of $61.6 million which are largely not expected to be utilized in future periods.

In assessing the Company's ability to realize deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods in which the deferred tax assets are deductible, management believes it is more likely than not the Company will realize the benefits of these deductible differences, net of the existing valuation allowances, as of December 31, 2022.

As of December 31, 2022, the Company had foreign tax net operating loss carryforwards of $260.6 million, which will expire as follows:

(in thousands)	Gross		Tax Effected
Year ending December 31,
2023	$	2,244	$	516
2024	2,247		503
2025	16,533		3,872
2026	17,655		4,106
2027	4,781		1,151
Thereafter	18,904		4,941
Unlimited	198,253		46,293
Total	$	260,617	$	61,382

In addition, the Company's state tax net operating loss carryforwards of $97.7 million will expire periodically from 2023 through 2042, U.S. foreign tax credit carryforwards of $59.8 million will expire periodically from 2023 through 2032 and U.S. federal research and expenditure credit carryforwards of $3.8 million will expire periodically from 2034 through 2041.

The Company has not provided additional deferred taxes with respect to items such as certain foreign exchange gains or losses, foreign withholding taxes or additional state taxes, if any, on undistributed earnings attributable to foreign subsidiaries and it is not practical to determine the income tax liability that would be payable if such earnings were not reinvested indefinitely. Gross undistributed earnings reinvested indefinitely in foreign subsidiaries aggregated approximately $2,063.1 million as of December 31, 2022.

Accounting for uncertainty in income taxes

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31, 2022 and 2021 is as follows:

	Year Ended December 31,
(in thousands)	2022			2021
Beginning balance	$	40,990		$	39,785
Additions based on tax positions related to the current year	6,125			3,815
Additions for tax positions of prior years	258			—
Reductions for tax positions of prior years	(3,971		)	(1,998		)
Settlements	(586		)	—
Statute of limitations expiration	—			(612		)
Ending balance	$	42,816		$	40,990

As of December 31, 2022 and 2021, approximately $30.8 million and $29.1 million, respectively, of the unrecognized tax benefits would impact the Company's provision for income taxes and effective income tax rate, if recognized. Total estimated accrued interest and penalties related to the underpayment of income taxes was $8.3 million and $7.2 million as of December 31, 2022 and 2021, respectively. The following income tax years remain open in the Company's major jurisdictions as of December 31, 2022:

Jurisdictions	Periods
U.S. (Federal)	2014 through 2022
Germany	2016 through 2022
Greece	2013 through 2022
Spain	2015 through 2022
U.K.	2018 through 2022

It is reasonably possible that the balance of gross unrecognized tax benefits could significantly change within the next twelve months as a result of the resolution of audit examinations and expirations of certain statutes of limitations and, accordingly, materially affect the Company's operating results. At this time, it is not possible to estimate the range of change due to the uncertainty of potential outcomes.

- 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
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 21
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32857-109319

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330215-122817

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 17
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32809-109319

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-URI https://asc.fasb.org/extlink&oid=122134291&loc=d3e330036-122817

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 14
-URI https://asc.fasb.org/extlink&oid=121826272&loc=d3e32705-109319

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 270
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=6424409&loc=d3e44925-109338

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=6424122&loc=d3e41874-109331

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ 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 Interests
Balance at Dec. 31, 2019	$ 1,579,342	$ 1,256	$ 1,190,058	$ (463,704)	$ 1,016,554	$ (164,890)	$ 68
Balance, shares at Dec. 31, 2019		54,220,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(3,304)				(3,399)		95
Other comprehensive income (loss)	70,794					70,676	118
Stock issued under employee stock plans	16,883	$ 11	16,437	435
Stock issued under employee stock plans, shares		608,878
Share-based compensation	21,951		21,951
Repurchase of shares	(239,763)			(239,763)
Repurchase of shares, shares		(2,095,683)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	70,587				70,727		(140)
Other comprehensive income (loss)	(78,466)					(78,368)	(98)
Stock issued under employee stock plans	8,724	$ 8	9,132	(416)
Stock issued under employee stock plans, shares		413,835
Share-based compensation	36,540		36,540
Repurchase of shares	(227,764)			(227,764)
Repurchase of shares, shares		(2,000,000)
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	230,742				230,994		(252)
Other comprehensive income (loss)	(78,375)					(78,407)	32
Adoption of ASU-2020-06 on Convertible bond	(40,690)		(74,080)		33,390
Stock issued under employee stock plans	8,056	$ 7	7,699	350
Stock issued under employee stock plans, shares		314,358
Share-based compensation	44,100		44,100
Repurchase of shares	(174,951)			(174,951)
Repurchase of shares, shares		(1,639,535)
Balance at Dec. 31, 2022	$ 1,244,406	$ 1,282	$ 1,251,837	$ (1,105,813)	$ 1,348,266	$ (250,989)	$ (177)
Balance, shares at Dec. 31, 2022		49,822,707

Income Taxes (Details 2) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 2) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Taxes [Abstract]
U.S. federal income tax expense at applicable statutory rate	$ 67,745	$ 28,492	$ 1,716
Tax Effect Of:
State income tax expense at statutory rates, net of U.S. federal income tax	3,666	1,516	347
Non-deductible expenses	1,698	538	1,887
Share-based compensation	1,930	(3,524)	(6,446)
Other permanent differences	(219)	(2,047)	3,828
Difference between U.S. federal and foreign tax rates	13,859	7,438	7,002
Provision in excess of statutory rates	3,592	2,879	(6,491)
Change in federal and foreign valuation allowance	(7,704)	26,673	(4,238)
Impairment of goodwill and acquired intangibles assets			22,053
GILTI, net of tax credits	9,807	3,900
Tax credits	(697)	(1,122)	(3,518)
Other	(1,824)	345	(4,665)
Total income tax expense	$ 91,853	$ 65,088	$ 11,475
Effective tax rate	28.47%	48.00%	140.40%

Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income taxes [Line Items]
Total current	$ 84,174	$ 62,684	$ 41,875
Total deferred	7,679	2,404	(30,400)
Total income tax expense	91,853	65,088	11,475
U.S.
Income taxes [Line Items]
Total current	3,878	2,810	2,605
Total deferred	(7,270)	12,269	(16,100)
Foreign
Income taxes [Line Items]
Total current	80,296	59,874	39,270
Total deferred	$ 14,949	$ (9,865)	$ (14,300)

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Stock Plans

12 Months Ended

Dec. 31, 2022

Stock Plans

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

(16) Stock Plans

The Company has share-based compensation plans ("SCP") that allow it to grant restricted shares, or options to purchase shares, of common stock to certain current and prospective key employees, directors and consultants of the Company. These awards generally vest over periods ranging from three to five years from the date of grant. Stock options are generally exercisable during the shorter of a ten-year term or the term of employment with the Company. With the exception of certain awards made to the Company's employees in Germany, Singapore and Malaysia, awards under the SCP are settled through the issuance of new shares under the provisions of the SCP. For Company employees in Germany, Singapore and Malaysia, certain awards are settled through the issuance of treasury shares, which also reduces the number of shares available for future issuance under the SCP. As ofDecember 31, 2022, the Company has approximately 4.9 million in total shares remaining available for issuance under the SCP.

Share-based compensation expense was $44.1 million, $36.5 million and $22.0 million for the years ended December 31, 2022, 2021 and 2020, respectively, and was recorded in salaries and benefits expense in the accompanying Consolidated Statements of Operations. The Company recorded a tax benefit of $3.4 million, $4.1 million and $2.1 million during the years ended December 31, 2022, 2021 and 2020, respectively, for the portion of this expense that relates to foreign tax jurisdictions in which an income tax benefit is expected to be derived.

Stock options

Summary stock options activity is presented in the table below:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (thousands)
Balance at December 31, 2021 (1,466,983 shares exercisable)	4,309,201		$	102.19
Granted	622,722		$	90.31
Exercised	(197,184	)	$	30.11
Forfeited/Canceled	(30,316	)	$	125.52
Expired	(1,018	)	$	23.63
Balance at December 31, 2022	4,703,405		$	103.51	6.9	$	26,045
Exercisable at December 31, 2022	1,514,504		$	91.88	4.4	$	23,497
Vested and expected to vest at December 31, 2022	4,207,661		$	95.72	6.0	$	25,584

Options outstanding that are expected to vest are net of estimated future forfeitures. The Company received cash of $5.9 million, $7.8 million and $15.8 million in connection with stock options exercised in the years ended December 31, 2022, 2021 and 2020, respectively. The intrinsic value of these options exercised was $12.8 million, $27.7 million and $41.1 million in the years ended December 31, 2022, 2021 and 2020, respectively. As of December 31, 2022, unrecognized compensation expense related to nonvested stock options that are expected to vest totaled $68.1 million and will be recognized over the next 4 years, with an overall weighted-average period of 3.2 years. The following table provides the fair value of options granted under the SCP during 2022, 2021 and 2020, together with a description of the assumptions used to calculate the fair value using the Black-Scholes-Merton option-pricing model:

	Year ended December 31,
	2022			2021			2020
Volatility	42.4		%	39.3		%	35.6		%
Risk-free interest rate - weighted average	3.97		%	1.2		%	0.6		%
Risk-free interest rate - range	3.45% to 3.97		%	0.50% to 1.21		%	0.31% to 1.17		%
Dividend yield	—		%	—		%	—		%
Assumed forfeitures	8.0		%	8.0		%	8.0		%
Expected lives	4.6 years			4.6 years			7.1 years
Weighted-average fair value (per option)	$	37.15		$	39.99		$	48.21

During 2022, the Company granted approximately 411,648 options, which vest evenly over a four year term upon the achievement of a 10% increase over the share price on the date of grant for 30 consecutive days. Options were valued using a Monte Carlo simulation (not included in the table above). The Monte Carlo simulation calculated a fair value per option of $36.70 using the following assumptions: volatility of 42.5%, risk-free interest rate of 3.8%, and a term of 4.6 years.

During 2021, the Company granted approximately 331,000 options, which vest evenly over a four year term upon the achievement of a 10% increase over the share price on the date of grant for 30 consecutive days. Options were valued using a Monte Carlo simulation (not included in the table above). The Monte Carlo simulation calculated a fair value per option of $40.30 using the following assumptions: volatility of 40.0%, risk-free interest rate of 1.19%, and a term of 4.5 years.

During 2020, the Company granted 1,350,000 options, which vests each year starting in February 2023 upon the achievement of a 15% increase in the share price on the date of the grant for 30 consecutive days and a 10% increase in adjusted earnings per share Options were valued using a Monte Carlo simulation (not included in the table above). The Monte Carlo simulation calculated a fair value per option of $26.90 using the following assumptions: volatility of 37.0%, risk-free interest rate of 0.33%, and a term of 5.0 years.

Restricted stock

Restricted stock awards vest based on the achievement of time-based service conditions and/or performance-based conditions. For certain awards, vesting is based on the achievement of more than one condition of an award with multiple time-based and/or performance-based conditions. The Company records related expense for these awards that have performance-based conditions over the vesting period when the achievement of the award is probable of occurrence.

Summary restricted stock activity is presented in the table below:

	Number of Shares		Weighted Average Grant Date Fair Value Per Share
Nonvested at December 31, 2021	535,104		$	127.96
Granted	270,124		$	91.47
Vested	(90,986	)	$	39.99
Forfeited	(37,807	)	$	117.01
Nonvested at December 31, 2022	676,435		$	115.36

The fair value of shares vested in the years ended December 31, 2022, 2021 and 2020 was $9.3 million, $13.8 million and $15.4 million, respectively. As of December 31, 2022, there was $16.8 million of total unrecognized compensation cost related to unvested time-based restricted stock, which is expected to be recognized over a weighted-average period of 2.87 years. As of December 31, 2022, there was $26.3 million of total unrecognized compensation costs related to unvested performance-based restricted stock, which is expected to be recognized based on Company performance over a weighted-average period of 2.0 years. The weighted average grant date fair value of restricted stock granted during the years ended December 31, 2022, 2021 and 2020 was $91.47, 115.85 and $117.97 per share, respectively.

Summary of Significant Accounting Policies and Practices (Details)	12 Months Ended
	Dec. 31, 2022
ATMs [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
ATMs [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	8 years
Computers and software [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Computers and software [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
POS Terminals [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
POS Terminals [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	5 years
Vehicles and Office Equipment [Member] \| Minimum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	3 years
Vehicles and Office Equipment [Member] \| Maximum [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, useful life	10 years
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment, estimated useful lives	Over the lesser of the lease term or estimated useful life

Derivative Instruments and Hedging Activities (Details 2) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2019

Derivative Instruments, Gain (Loss) [Line Items]

Gain (Loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments

^[1]

$ 2,083

$ 1,618

$ (1,499)

[1]

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.

Acquisitions (Tables)

12 Months Ended

Dec. 31, 2022

Acquisitions [Abstract]

Schedule of fair values of the assets acquired and liabilities

(in thousands)	As of March 15, 2022
Other current assets	$	1,754
Settlement assets	77,643
Property and equipment	5,735
Intangible assets	122,455
Total assets acquired	$	207,587

Trade accounts payable	$	(2,155	)
Settlement liabilities		(65,851	)
Accrued expenses and other current liabilities		(1,313	)
Deferred revenue		(332	)
Other long-term liabilities	(100		)
Total liabilities assumed	$	(69,751	)

Goodwill	212,736

Net assets acquired	$	350,572

Accrued Expenses and Other Current Liabilities (Tables)

12 Months Ended

Dec. 31, 2022

Accrued Expenses and Other Current Liabilities [Abstract]

Schedule of accrued expenses and other current liabilities

	As of December 31,
(in thousands)	2022		2021
Accrued expenses	$	311,807	$	267,638
Other tax payables	80,580		17,460
Derivative liabilities	42,320		23,285
Accrued payroll expenses	67,982		55,162
Current portion of finance lease obligations	2,996		4,147
Total	$	505,685	$	367,692

Stock Plans (Details 2) - Restricted Stock [Member]	12 Months Ended
Stock Plans (Details 2) - Restricted Stock [Member]	Dec. 31, 2022 $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Nonvested \| shares	535,104
Number of Shares, Granted \| shares	270,124
Number of Shares, Vested \| shares	(90,986)
Number of Shares, Forfeited \| shares	(37,807)
Number of Shares, Nonvested \| shares	676,435
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value Per Share, Nonvested \| $ / shares	$ 127.96
Weighted Average Grant Date Fair Value Per Share, Granted \| $ / shares	91.47
Weighted Average Grant Date Fair Value Per Share, Vested \| $ / shares	39.99
Weighted Average Grant Date Fair Value Per Share, Forfeited \| $ / shares	117.01
Weighted Average Grant Date Fair Value Per Share, Nonvested \| $ / shares	$ 115.36

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities [Abstract]

Schedule of derivative instruments in statement of financial position fair value

Asset Derivatives

Liability Derivatives

Fair Value

(in thousands)

Balance Sheet Location

December 31, 2022

December 31, 2021

Balance Sheet Location

December 31, 2022

December 31, 2021

Derivatives not designated as hedging instruments

Foreign currency exchange contracts

Other current assets

50,248

27,582

Other current liabilities

(42,320)

(23,285

)

Offsetting assets and liabilities

Offsetting of Derivative Assets

							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of December 31, 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	$	50,248	$	—	$	50,248	$	(27,851	)	$	(4,056	)	$	18,341

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 December 31, 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	$	(42,320	)	$	—	$	(42,320	)	$	27,851	$	4,257	$	(10,212	)

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 derivative instruments gain (loss)

		Amount of Gain (Loss) Recognized in Income on Derivative Contracts (a)
	Location of Gain (Loss) Recognized in Income on Derivative Contracts	Year Ended December 31,
(in thousands)		2022		2021		2020
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange gain (loss), net	$	2,083	$	1,618	$	(1,499	)

(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.

Debt Obligations

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt Obligations

(11) Debt Obligations

Debt obligations consist of the following as of December 31, 2022 and 2021:

	As of December 31,
(in thousands)	2022			2021
Credit Facility:
Revolving credit agreement	$	454,800		$	283,400
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	525,000			468,235

1.375% Senior Notes, due 2026	642,120			682,080

Other obligations	207			920

Total debt obligations	$	1,622,127		$	1,434,635
Unamortized debt issuance costs	(12,880		)	(13,729		)
Carrying value of debt	$	1,609,247		$	1,420,906
Short-term debt obligations and current maturities of long-term debt obligations	(149		)	(821		)
Long-term debt obligations	$	1,609,098		$	1,420,085

As of December 31, 2022, aggregate annual maturities of long-term debt are $0.1 million in 2023, no maturities in 2024, $525 million due in 2025, $642.1 million due in 2026, and $454.8 million thereafter. This maturity schedule reflects the revolving credit facility maturing in 2024 and the Convertible Notes maturing in 2025, coinciding with the terms of the initial put option by holders of the Convertible Notes. It also reflects the maturing of the 1.375% Senior Notes of €600 million ($642.1million) due in 2026.

Credit Facility

On October 24, 2022, the Company amended its revolving credit agreement (the “Credit Facility”) to increase the facility from $1.03 billion to $1.25 billion and to extend the expiration to October 24, 2027.

The revolving credit facility contains a sublimit of up to $250 million, with $150 million committed, for the issuance of letters of credit, a $75 million sublimit for U.S. dollar swingline loans and a $75 million sublimit for swingline loans in euros or British pounds sterling. The Credit Facility allows for borrowings in British pounds sterling, euro and U.S. dollars. Subject to certain conditions, the Company has the option to increase the Credit Facility by up to an additional $500 million by requesting additional commitments from existing or new lenders. Fees and interest on borrowings vary based upon the Company's corporate credit rating and will be based, in the case of letter of credit fees, on a margin, and in the case of interest, on a margin over a secured overnight financing rate, as defined in the agreement, with a margin, including the facility fee, ranging from 1.00% to 1.625% or the base rate, as selected by the Company. The applicable margin for borrowings under the credit facility, based on the Company's current credit rating is initially 1.25% including the facility fee.

The agreement contains customary affirmative and negative covenants, events of default and financial covenants, including (all as defined in the Credit Facility): (i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt. The Company was in compliance with all debt covenants as of December 31, 2022.

The interest rate of the Company's borrowings under the Credit Facility was 5.5% as of December 31, 2022.

As of December 31, 2022 and 2021, the Company had stand-by letters of credit/bank guarantees outstanding under the Credit Facility of $54.6 million and $57.3 million, respectively. Stand-by letters of credit/bank guarantees reduce the Company's borrowing capacity under the Credit Facility and are generally used to secure trade credit and performance obligations. As of December 31, 2022 and 2021, the stand-by letters of credit interest charges were each1.1% per annum. Borrowing capacity under the Credit Facility as of December 31, 2022 was $740.6 million.

Uncommitted Line of Credit

On May 25, 2022, the Company entered into an Uncommitted Credit Agreement for $300 million, for the sole purpose of providing vault cash for ATMs, that expired on November 30, 2022. The loan was fully repaid and there was no balance at December 31, 2022. The 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 December 31, 2022 was 3.14%.

On June 24, 2022, the Company entered into an Uncommitted Loan Agreement for $150 million, for the sole purpose of providing vault cash for ATMs, that expires no later than June 23, 2023. The loan was fully repaid and there was no balance at December 31, 2022. The loan was either a Prime rate loan, a Bloomberg Short-term Bank Yield 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 December 31, 2022 was 2.76%.

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. In connection with the issuance of the Convertible Notes, the Company recorded $12.8 million in debt issuance costs, which are being amortized through March 1, 2025.

The Company may redeem for cash all or any portion of the Convertible Notes, at its option, (i) if the closing sale price of the Company's Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption and (ii) on or after March 20, 2025 and prior to the maturity date, regardless of the foregoing sale price condition, in each case at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Convertible Notes. In addition, if a fundamental change, as defined in the Indenture, occurs prior to the maturity date, holders may require the Company to repurchase for cash all or part of their Convertible Notes 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 fundamental change repurchase date. As of December 31, 2022 the conversion threshold was not met. On January 1, 2022, the Company adopted 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. ASU 2020-06 amended the accounting for convertible instruments with ASC Topic 470 Debt (See Footnote 3 for the accounting impact of adopting ASU 220-06).

Contractual interest expense for the Convertible Notes was $3.9 million, $3.9 million, and $3.9 millionfor the years ended December 31, 2022, 2021 and 2020. Accretion expense was $16.0 million and $15.3 million for the years ended December 31, 2021 and 2020. Accretion expense is no longer applicable for 2022 due to adoption of standard 2020-06. The effective interest rate was 4.4% for the year ended December 31, 2022.

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 mature on May 2026 (the "Senior Notes"). The Senior Notes accrue interest at a rate of 1.375% per year, payable annually in arrears commencing May 22, 2020, until maturity or earlier redemption. As of December 31, 2022, the Company has outstanding €600 million ($642.1 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. As of December 31, 2022, the Company had $4.1 million of unamortized debt issuance costs related to the Senior Notes.

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 December 31, 2022 and 2021, borrowings under these arrangements were $0.2 million and $0.9 million, respectively. As of December 31, 2022, there was $0.1 million due in 2023 under these other obligation arrangements.

- 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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (h)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(c))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (g)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1C
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495334-112611

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1E
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495348-112611

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1I
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495371-112611

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-SubTopic 20
-Section 50
-Paragraph 1B
-Subparagraph (i)
-URI https://asc.fasb.org/extlink&oid=123466505&loc=SL123495323-112611

+ Details

Summary of Significant Accounting Policies and Practices

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies and Practices

Summary of Significant Accounting Policies and Practices

(3) Summary of Significant Accounting Policies and Practices

Foreign currencies

Assets and liabilities denominated in currencies other than the functional currency of a subsidiary are remeasured at rates of exchange on the balance sheet date. Resulting gains and losses on foreign currency transactions are included in the Consolidated Statements of Operations. The majority of our foreign currency exchange gains or losses are due to the remeasurement of intercompany loans which are not considered a long-term investment in nature and are in a currency other than the functional currency of one of the parties to the loan.

The financial statements of foreign subsidiaries where the functional currency is not the U.S. dollar are translated to U.S. dollars using (i) exchange rates in effect at period end for assets and liabilities, and (ii) weighted average exchange rates during the period for revenues and expenses. Adjustments resulting from translation of such financial statements are reflected in accumulated other comprehensive (loss) income as a separate component of consolidated equity.

Cash equivalents

The Company considers all highly liquid investments, with an original maturity of three months or less, and certificates of deposit, which may be withdrawn at any time at the discretion of the Company without penalty, to be cash equivalents.

ATM cash

ATM cash represents cash within the ATM network either included within ATMs, within dedicated accounts, or in-transit to ATMs.

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. See Note 4, Settlement Assets and Obligations, to the Consolidated Financial Statements for further discussion on settlement assets and obligations.

Property and equipment

Property and equipment are stated at cost, less accumulated depreciation. Property and equipment acquired in acquisitions have been recorded at estimated fair values as of the acquisition date.

Depreciation is generally calculated using the straight-line method over the estimated useful lives of the respective assets.

Depreciation and amortization rates are generally as follows:

ATMs or ATM upgrades	5 - 8 years
Computers and software	3 - 5 years
POS terminals	3 - 5 years
Vehicles and office equipment	3 - 10 years
Leasehold improvements	Over the lesser of the lease term or estimated useful life

Goodwill and other intangible assets

Goodwill - The Company accounts for goodwill and other intangible assets in accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") Topic 350, Intangibles - Goodwill and Other ("ASC 350"). In accordance with the requirements of ASC 350 the Company tests for impairment on an annual basis in the fourth quarter and whenever events or circumstances dictate. Goodwill is allocated among and evaluated for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment.

ASC 350 provides an entity the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not (more than 50%) that the estimated fair value of a reporting unit is less than its carrying amount. If an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not, the entity is then required to perform the existing quantitative impairment test (described below), otherwise no further analysis is required. An entity also may elect not to perform the qualitative assessment and, instead, proceed directly to the quantitative impairment test. The Company has a policy for its annual review of goodwill to perform the qualitative assessment for all reporting units not subjected directly to the quantitative impairment test.

Under the qualitative assessment, various events and circumstances (or factors) that would affect the estimated fair value of a reporting unit are identified (similar to impairment indicators). These factors are then classified by the type of impact they would have on the estimated fair value using positive, neutral, and adverse categories based on current business conditions. Furthermore, the Company considers the results of the most recent quantitative impairment test completed for a reporting unit and compares, among other factors, the weighted average cost of capital ("WACC") between the current and prior years for each reporting unit.

Under the quantitative impairment test, the evaluation of impairment involves comparing the current fair value of each reporting unit to its carrying value, including goodwill. The Company uses weighted results from the income approach or the discounted cash flow model ("DCF model") and guideline public company method ("Market Approach model") to estimate the current fair value of its reporting units when testing for impairment, as management believes forecasted cash flows and EBITDA are the best indicators of such fair value. A number of significant assumptions and estimates are involved in the application of the DCF model to forecast operating cash flows, including sales volumes, gross margins, tax rates, capital spending, discount rates and working capital changes. Most of these assumptions vary significantly among the reporting units. Significant assumptions in the Market Approach model are projected EBITDA, selected market multiple, and the estimated control premium. If the carrying value of goodwill exceeds its fair value, an impairment loss equal to such excess would be recognized. The DCF Model and Market Approach Model utilize Level 3 inputs in the fair value hierarchy as they include unobservable inputs that require significant management assumptions.

Other Intangible Assets - In accordance with ASC 350, intangible assets with finite lives are amortized over their estimated useful lives. Unless otherwise noted, amortization is calculated using the straight-line method over the estimated useful lives of the assets as follows:

Non-compete agreements	2 - 5 years
Trademarks and trade names	2 - 20 years
Software	3 - 10 years
Customer relationships	6 - 20 years

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If such events or changes in circumstances are present, a loss is recognized if the carrying value of the asset is in excess of the sum of the undiscounted cash flows expected to result from the use of the asset and its eventual disposition. An impairment loss is measured as the amount by which the carrying amount of the asset exceeds the fair value of the asset.

See Note 9, Goodwill and Acquired Intangible Assets, Net, to the Consolidated Financial Statements for additional information regarding the impairment of goodwill and other intangible assets.

Other assets

Other assets include capitalized software development costs and capitalized payments for new or renewed contracts. Euronet capitalizes initial payments for new or renewed contracts to the extent recoverable through future operations, contractual minimums and/or penalties in the case of early termination. The Company's accounting policy is to limit the amount of capitalized costs for a given contract to the lesser of the estimated ongoing net future cash flows related to the contract or the termination fees the Company would receive in the event of early termination of the contract by the customer.

ASC Topic 340, Other Assets and Deferred Costs("ASC 340") requires the deferral of incremental costs to fulfill customer contracts, known as contract assets, which are then amortized to expense as part of direct operating costs over the respective periods of expected benefit. Deferred contract costs are reported on our balance sheet within current or non-current other assets based on the expected life of the related contract. At December 31, 2022 and 2021, we had $78.9 million and $96.4 million, respectively, of deferred contract costs. For the years ended December 31, 2022, 2021 and 2020, we had $22.1 million, $33.3 million and $17.2 million of amortization related to these costs, respectively. On a quarterly basis we evaluate the carrying amount of contract assets recognized to determine if there are contracts that may have a carrying amount in excess of the remaining future consideration to be received from the contract. During the fourth quarter of 2021, we identified certain contract assets that had carrying balances greater than the estimated remaining cash flows in the contracts and recorded a corresponding $38.6 million non-cash impairment. The impairment charge is the result of lower-than-expected customer transaction volume related to these specific contracts, stemming primarily from COVID-19 related disruptions. This non-cash impairment charge is included in the Money Transfer Segment.

Convertible notes

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.

Income taxes

Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.

In accordance with ASC Topic 740, Income Taxes ("ASC 740"), the Company's policy is to record estimated interest and penalties related to the underpayment of income taxes as income tax expense in the Consolidated Statements of Operations. See Note 14, Income Taxes, to the Consolidated Financial Statements for further discussion regarding these provisions.

Presentation of taxes collected and remitted to governmental authorities

The Company presents taxes collected and remitted to governmental authorities on a net basis in the accompanying Consolidated Statements of Operations.

Fair value measurements

The Company applies the provisions of ASC Topic 820, Fair Value Measurements and Disclosures ("ASC 820"), regarding fair value measurements for assets and liabilities. ASC 820 defines fair value, establishes a framework for measuring fair value and requires certain disclosures about fair value measurements. The provisions apply whenever other accounting pronouncements require or permit fair value measurements. See Note 18, Financial Instruments and Fair Value Measurements, to the Consolidated Financial Statements for the required fair value disclosures.

Accounting for derivative instruments and hedging activities

The Company accounts for derivative instruments and hedging activities in accordance with ASC Topic 815, Derivatives and Hedging ("ASC 815"), which requires that all derivative instruments be recognized as either assets or liabilities on the balance sheet at fair value. Primarily in the Money Transfer Segment, the Company enters into foreign currency derivative contracts, mainly forward contracts, to offset foreign currency exposure related to money transfer settlement assets and liabilities in currencies other than the U.S. dollar, derivative contracts written to its customers arising from its cross-currency money transfer services and certain assets and liability positions denominated in currencies other than the U.S. dollar. These contracts are considered derivative instruments under the provisions of ASC 815; however, the Company does not designate such instruments as hedges for accounting purposes. Accordingly, changes in the value of these contracts are recognized immediately as a component of foreign currency exchange gain (loss), net in the Consolidated Statements of Operations.

Cash flows resulting from derivative instruments are included in operating activities in the Company's Consolidated Statements of Cash Flows. The Company enters into derivative instruments with highly credit-worthy financial institutions and does not use derivative instruments for trading or speculative purposes. See Note 12, Derivative Instruments and Hedging Activities, to the Consolidated Financial Statements for further discussion of derivative instruments.

Share-based compensation

The Company follows the provisions of ASC Topic 718, Compensation - Stock Compensation ("ASC 718"), for equity classified awards, which requires the determination of the fair value of the share-based compensation at the grant date and subsequent recognition of the related expense over the period in which the share-based compensation is earned ("requisite service period").

The amount of future compensation expense related to awards of nonvested shares or nonvested share units ("restricted stock") is based on the market price for Euronet Common Stock at the grant date. The grant date is the date at which all key terms and conditions of the grant have been determined and the Company becomes contingently obligated to transfer equity to the employee who renders the requisite service, generally the date at which grants are approved by the Company's Board of Directors or Compensation Committee thereof. Share-based compensation expense for awards with only service conditions is generally recognized as expense on a "straight-line" basis over the requisite service period. For awards that vest based on achieving periodic performance conditions, expense is recognized on a "graded attribution method." The graded attribution method results in expense recognition on a straight-line basis over the requisite service period for each separately vesting portion of an award. The Company has elected to use the "with and without method" when calculating the income tax benefit associated with its share-based payment arrangements. See Note 16, Stock Plans, for further disclosure.

Revenue recognition

The Company recognizes revenue when control of the promised goods or services is transferred to our customers, in an amount that reflects the consideration the Company expects to be entitled to receive in exchange for those goods or services. Sales and usage-based taxes are excluded from revenues. A description of the major components of revenue by business segment is as follows:

EFT Processing - Revenues in the EFT Processing Segment are primarily derived from transaction and management fees and foreign currency exchange margin from owned and outsourced ATM, POS and card processing networks and from the sale of EFT software solutions for electronic payment and transaction delivery systems, and fees or margin earned from value added services, including dynamic currency conversion and domestic and international surcharge.

Transaction-based fees include charges for cash withdrawals, debit or credit card transactions, balance inquiries, transactions not completed because the relevant card issuer does not give authorization and prepaid mobile airtime recharges. Outsourcing services are generally billed on the basis of a fixed monthly fee per ATM, plus a transaction-based fee. Transaction-based fees are recognized at the time the transactions are processed and outsourcing management fees are recognized ratably over the contract period.

Certain of the Company's non-cancelable customer contracts provide for the receipt of up-front fees from the customer and/or decreasing or increasing fee schedules over the agreement term for substantially the same level of services to be provided by the Company. The Company recognizes revenue under these contracts based on proportional performance of services over the term of the contract. This generally results in "straight-line" (i.e., consistent value per period) revenue recognition of the contracts' total cash flows, including any up-front payment received from the customer, which is recorded as deferred revenue upon receipt.

epay- Revenue generated in the epay Segment is primarily derived from commissions or processing fees associated with distribution and/or processing of prepaid mobile airtime and digital media products. These fees and commissions are received from mobile operators, content vendors or distributors or from retailers. Commissions are recognized as revenue during the period in which the Company provides the service. The portion of the commission that is paid to retailers is generally recorded as a direct operating cost. In selling certain products, the Company is the principle obligor in the arrangements; accordingly, the gross sales value of the products is recorded as revenue and the purchase cost as direct operating cost. Transactions are processed through a network of POS terminals and direct connections to the electronic payment systems of retailers. Transaction processing fees are recognized at the time the transactions are processed.

Money Transfer- Revenues for money transfer and other services represent a transaction fee in addition to a margin earned from purchasing currency at wholesale exchange rates and selling the currency to customers at retail exchange rates. Revenues and the associated direct operating cost are recognized at the time the transaction is processed. The Company has origination and distribution agents in place, which each earn a fee for the respective service. These fees are reflected as direct operating costs.

Revenues

Deferred Revenues - The Company records deferred revenues when cash payments are received or due in advance of its performance. The decrease in the deferred revenue balance for the year ended December 31, 2022 was primarily driven by $44.3 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, partially offset by $55.5 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2021.

Disaggregation of Revenues - The following table presents the Company's revenues disaggregated by segment and region. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region. The Company recognizes foreign exchange revenues from derivative instruments in its xe operations in accordance with ASC Topic 815 and not ASC Topic 606. These revenues are not significant to the Company's consolidated revenues and are included in the following tables.

	For the Year Ended December 31, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	716,348	$	658,292	$	581,851	$	1,956,491
North America	69,276		133,356		700,113		902,745
Asia Pacific	133,908		154,993		107,511		396,412
Other	4,676		51,368		54,829		110,873
Eliminations	—		—		—		(7,780		)
Total	$	924,208	$	998,009	$	1,444,304	$	3,358,741

	For the Year Ended December 31, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	420,181	$	669,297	$	576,640	$	1,666,118
North America	63,368		139,759		667,738		870,865
Asia Pacific	107,020		158,122		105,086		370,228
Other	569		44,304		51,493		96,366
Eliminations	—		—		—		(8,134		)
Total	$	591,138	$	1,011,482	$	1,400,957	$	2,995,443

	For the Year Ended December 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	313,953	$	561,514	$	449,299	$	1,324,766
North America	56,447		144,613		577,845		778,905
Asia Pacific	98,313		100,917		124,413		323,643
Other	13		28,473		32,292		60,778
Eliminations	—		—		—		(5,392		)
Total	$	468,726	$	835,517	$	1,183,849	$	2,482,700

Accrued Expenses and Other Current Liabilities

12 Months Ended

Dec. 31, 2022

Accrued Expenses and Other Current Liabilities [Abstract]

Accrued Expenses and Other Current Liabilities

(10) Accrued Expenses and Other Current Liabilities

The balances as of December 31, 2022 and 2021 were as follows:

	As of December 31,
(in thousands)	2022		2021
Accrued expenses	$	311,807	$	267,638
Other tax payables	80,580		17,460
Derivative liabilities	42,320		23,285
Accrued payroll expenses	67,982		55,162
Current portion of finance lease obligations	2,996		4,147
Total	$	505,685	$	367,692

Commitments (Details)	Dec. 31, 2022 USD ($)
Guarantor Obligations [Line Items]
Letters of Credit Outstanding, Amount	$ 83,400,000
Guarantees amount	11,100,000
Performance Guarantee [Member]
Guarantor Obligations [Line Items]
Guarantees amount	51,900,000
Indemnification Agreement [Member]
Guarantor Obligations [Line Items]
Letters of Credit Outstanding, Amount	3.3
Guarantees amount	$ 319,800,000

Goodwill and Acquired Intangible Assets, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Accumulated Amortization	$ (199,237)	$ (185,054)
Gross Carrying Amount	387,512	282,847
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	279,055	176,024
Accumulated Amortization	(116,986)	(103,713)
Trademarks and trade names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	43,942	45,445
Accumulated Amortization	(33,733)	(32,596)
Software [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	54,584	60,118
Accumulated Amortization	(48,394)	(47,485)
Non-compete agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	9,931	1,260
Accumulated Amortization	$ (124)	$ (1,260)

Restricted Cash (Tables)

12 Months Ended

Dec. 31, 2022

Restricted Cash [Abstract]

Schedule of restricted cash balances

	As of December 31,
(in thousands)	2022		2021
Cash held in trust and/or cash held on behalf of others	$	7,374	$	3,693
Restricted cash	$	7,374	$	3,693

Cash held in trust and/or cash held on behalf of others	$	80,563	$	62,077
Collateral on bank credit arrangements and other	13,452		12,820
Restricted cash included within settlement assets	$	94,015	$	74,897

Total Restricted Cash	$	101,389	$	78,590

Income Taxes (Details Textual) - USD ($) $ in Millions	12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Millions	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income taxes [Line Items]
Unrecognized tax benefits, income tax penalties and interest accrued	$ 8.3	$ 7.2
Unrecognized tax benefits that would impact effective tax rate	30.8	29.1
Net deferred tax assets	24.0	36.8
Undistributed earnings of foreign subsidiaries indefinitely reinvested	$ 2,063.1
Operating loss carryforwards, description	The Company's state tax net operating loss carryforwards of $73.7 million will expire periodically from 2022 through 2040, U.S. foreign tax credit carryforwards of $61.6 million that will expire periodically from 2022 through 2030 and U.S. federal research and expenditure credit carryforwards of $3.3 million that will expire periodically from 2034 through 2038.
Foreign tax credits	$ 59.8	61.6
Operating loss carryforwards	$ 260.6
U.S. federal income tax expense at applicable statutory rate	21.00%	21.00%	21.00%
Foreign [Member]
Income taxes [Line Items]
Operating loss carryforwards	$ 260.6	$ 267.3
U.S. State [Member]
Income taxes [Line Items]
Operating loss carryforwards	$ 97.7	$ 73.7

Stock Plans (Details 1) - $ / shares

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

Volatility

42.50%

40.00%

37.00%

Dividend yield

Expected lives

4 years 7 months 6 days

4 years 6 months

5 years

Minimum [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

Risk-free interest rate - range

3.45%

0.50%

0.31%

Maximum [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

Risk-free interest rate - range

3.97%

1.21%

1.17%

Stock Option [Member]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]

Volatility

42.40%

39.30%

35.60%

Risk-free interest rate - weighted average

3.97%

^[1]

1.20%

0.60%

Risk-free interest rate - range

3.80%

1.19%

0.33%

Assumed forfeitures

8.00%

^[1]

8.00%

Expected lives

4 years 7 months 6 days

^[1]

4 years 7 months 6 days

7 years 1 month 6 days

Weighted-average fair value (per share)

$ 37.15

^[1]

$ 39.99

$ 48.21

[1]

Stock Plans (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Exercisable		1,466,983
Weighted Average Exercise Price, Granted	$ 91,470,000	$ 115,850,000
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Outstanding balance	4,309,201
Number of Shares, Granted	622,722
Number of Shares, Exercised	(197,184)
Number of Shares, Forfeited/Canceled	(30,316)
Number of Shares, Expired	1,018
Number of Shares, Exercisable	1,514,504
Number of Shares, Vested and expected to vest	4,207,661
Number of Shares, Outstanding balance	4,703,405	4,309,201
Weighted Average Exercise Price, Outstanding balance	$ 102.19
Weighted Average Exercise Price, Granted	90.31
Weighted Average Exercise Price, Exercised	30.11
Weighted Average Exercise Price, Forfeited/Canceled	125.52
Weighted Average Exercise Price, Expired	23.63
Weighted Average Exercise Price, Exercisable	91.88
Weighted Average Exercise Price, Vested and expected to vest	95.72
Weighted Average Exercise Price, Outstanding balance	$ 103.51	$ 102.19
Weighted Average Remaining Contractual Term (years), Outstanding balance	6 years 10 months 24 days
Weighted Average Remaining Contractual Term (years), Exercisable	4 years 4 months 24 days
Weighted Average Remaining Contractual Term (years), Vested and expected to vest	6 years
Aggregate Intrinsic Value (thousands), Outstanding balance	$ 26,045
Aggregate Intrinsic Value (thousands), Exercisable	23,497
Aggregate Intrinsic Value (thousands), Vested and expected to vest	$ 25,584

Goodwill and Acquired Intangible Assets, Net (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Acquired Intangible Assets, Net [Abstract]

Schedule of intangible assets

	As of December 31, 2022					As of December 31, 2021
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Customer relationships	$	279,055	$	(116,986	)	$	176,024	$	(103,713	)
Trademarks and trade names	43,942		(33,733		)	45,445		(32,596		)
Software	54,584		(48,394		)	60,118		(47,485		)
Non-compete agreements	9,931		(124		)	1,260		(1,260		)
Total	$	387,512	$	(199,237	)	$	282,847	$	(185,054	)

Schedule of goodwill and amortizable intangible assets

(in thousands)	Acquired Intangible Assets			Goodwill			Total Intangible Assets
Balance as of January 1, 2021	$	121,883		$	665,821		$	787,704
Increases (decreases):
Amortization	(23,059		)	—			(23,059		)
Other (primarily changes in foreign currency exchange rates)	(1,031		)	(24,216		)	(25,247		)
Balance as of December 31, 2021	97,793			641,605			739,398
Increases (decreases):
Acquisitions (see footnote 6)	124,755			224,296			349,051
Amortization	(26,990		)	—			(26,990		)
Other (primarily changes in foreign currency exchange rates)	(7,283		)	(37,557		)	(44,840		)
Balance as of December 31, 2022	$	188,275		$	828,344		$	1,016,619

Leases (Details 2)	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Weighted- average remaining lease term (years)	4 years 7 months 6 days	4 years 10 months 24 days
Weighted- average discount rate	2.27%	224.00%

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

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Leases [Abstract]

Cash paid for amounts included in the measurement of lease liabilities

^[1]

$ 49,739

$ 51,464

$ 79,447

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

ROU assets obtained in exchange for new operating lease liabilities

$ 50,032

$ 69,073

$ 77,728

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

Summary of Significant Accounting Policies and Practices (Tables)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies and Practices

Schedule of depreciation and amortization rates

ATMs or ATM upgrades	5 - 8 years
Computers and software	3 - 5 years
POS terminals	3 - 5 years
Vehicles and office equipment	3 - 10 years
Leasehold improvements	Over the lesser of the lease term or estimated useful life

Schedule of other intangible assets

Non-compete agreements	2 - 5 years
Trademarks and trade names	2 - 20 years
Software	3 - 10 years
Customer relationships	6 - 20 years

Schedule of revenues by segment by region

	For the Year Ended December 31, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	716,348	$	658,292	$	581,851	$	1,956,491
North America	69,276		133,356		700,113		902,745
Asia Pacific	133,908		154,993		107,511		396,412
Other	4,676		51,368		54,829		110,873
Eliminations	—		—		—		(7,780		)
Total	$	924,208	$	998,009	$	1,444,304	$	3,358,741

	For the Year Ended December 31, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	420,181	$	669,297	$	576,640	$	1,666,118
North America	63,368		139,759		667,738		870,865
Asia Pacific	107,020		158,122		105,086		370,228
Other	569		44,304		51,493		96,366
Eliminations	—		—		—		(8,134		)
Total	$	591,138	$	1,011,482	$	1,400,957	$	2,995,443

	For the Year Ended December 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	313,953	$	561,514	$	449,299	$	1,324,766
North America	56,447		144,613		577,845		778,905
Asia Pacific	98,313		100,917		124,413		323,643
Other	13		28,473		32,292		60,778
Eliminations	—		—		—		(5,392		)
Total	$	468,726	$	835,517	$	1,183,849	$	2,482,700

Income Taxes (Details 4) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 260,600
US Federal and Foreign [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	260,617
Operating Loss Carryforward, Tax Effected	61,382
US Federal and Foreign [Member] \| 2022 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,244
Operating Loss Carryforward, Tax Effected	516
US Federal and Foreign [Member] \| 2023 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	2,247
Operating Loss Carryforward, Tax Effected	503
US Federal and Foreign [Member] \| 2024 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	16,533
Operating Loss Carryforward, Tax Effected	3,872
US Federal and Foreign [Member] \| 2025 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	17,655
Operating Loss Carryforward, Tax Effected	4,106
US Federal and Foreign [Member] \| 2026 [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	4,781
Operating Loss Carryforward, Tax Effected	1,151
US Federal and Foreign [Member] \| Thereafter [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	18,904
Operating Loss Carryforward, Tax Effected	4,941
US Federal and Foreign [Member] \| Unlimited [Member]
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	198,253
Operating Loss Carryforward, Tax Effected	$ 46,293

Stockholders' Equity (Details Textual) - USD ($)	12 Months Ended
Stockholders' Equity (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 08, 2023	Sep. 13, 2022	Dec. 08, 2021	Mar. 18, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Conversion Price	$ 188.73						$ 188.73
Other comprehensive income (loss), foreign currency transaction and translation adjustment, net of tax	$ (78,375,000)	$ (78,466,000)	$ 70,794,000
Stock repurchase program, number of shares authorized to be repurchased				5,000,000	7,000,000
Stock repurchase program authorized amount					$ 350,000,000	$ 300,000,000
Repurchase of shares	$ 174,951,000	$ 227,764,000	$ 239,763,000
Incremental shares from assumed conversion of convertible debentures	2,781,818
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0
Antidilutive securities excluded from computation of earnings per share, amount	1,975,000	1,668,000	2,073,000
Foreign currency translation gain (loss)	$ 78.4	$ 78.5	$ 70.8
Foreign currency transaction loss	28,175,000	10,866,000	3,756,000
Reclassifications of foreign currency translation	0	0	0
Stock repurchases value	$ 175,000,000
Weighted average purchase price	$ 106.71
Dividends paid	$ 0	$ 0	$ 0
Convertible Senior Notes ("Convertible Notes") [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Incremental shares from assumed conversion of convertible debentures	2,800,000
Share Repurchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock repurchased	$ 1,600,000

Stockholders' Equity

12 Months Ended

Dec. 31, 2022

Stockholders' Equity [Abstract]

Stockholders' Equity

(5) Stockholders' Equity

Earnings Per Share

Basic earnings per share has been computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted earnings per share has been computed by dividing diluted earnings by the weighted average shares outstanding during the respective period, after adjusting for the potential dilution of options to purchase the Company's Common Stock, assumed vesting of restricted stock and the assumed conversion of the Company's convertible debt.

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

		Year Ended December 31,
		2022		2021		2020
Computation of diluted earnings:
Net income (loss)	$	230,994	$	70,727	$	(3,399	)
Add: Interest expense from assumed conversion of convertible notes, net of tax		4,704		—		—
Net income (loss) for diluted earnings per share calculation	$	235,698	$	70,727	$	(3,399	)

Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		50,175,614		52,585,674		52,659,551
Incremental shares from assumed exercise of stock options and vesting of restricted stock		505,876		943,902		—
Incremental shares from assumed conversion of convertible debt		2,781,818		—		—
Diluted weighted average shares outstanding		53,463,308		53,529,576		52,659,551

The table includes all stock options and restricted stock that are dilutive to the Company's weighted average common shares outstanding during the period. The calculation of diluted earnings per share excludes stock options or shares of restricted stock that are anti-dilutive to the Company's weighted average common shares outstanding for the years ended December 31, 2022, 2021 and 2020 of approximately 1,975,000, 1,668,000 and 2,073,000, 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 December 8, 2021, the Company 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. For the year ended December 31, 2022, the Company repurchased 1.6 million shares under the repurchase program at a weighted average purchase price of $106.71 for a total value of $175.0 million. Repurchases under the 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.

On September 13, 2022, the Company put a repurchase program in place to repurchase up to $350 million in value, but not more than 7.0 million shares of common stock through September 13, 2024. Repurchases under the 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.

Preferred Stock

The Company has the authority to issue up to 10 million shares of preferred stock, of which no shares are currently issued or outstanding.

Accumulated other comprehensive loss

As of December 31, 2022 and 2021, accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded a foreign currency translation loss of $78.4 million, a loss of $78.5 million and a gain of $70.8 million for the years ended December 31, 2022, 2021, and 2020, respectively. There were no reclassifications of foreign currency translation into the Consolidated Statements of Operations for the years ended December 31, 2022, 2021, and 2020.

Dividends

No dividends were paid on any class of the Company's stock during 2022, 2021, and 2020.

- 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
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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Cash Flows [Abstract]
Net income (loss)	$ 230,742	$ 70,587	$ (3,304)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	135,864	135,754	127,021
Share-based compensation	44,100	36,540	21,951
Unrealized foreign exchange loss (gain), net	28,175	10,866	3,756
Non-cash impairment of goodwill and acquired intangible assets			106,602
Deferred income taxes	7,885	(2,255)	(23,946)
Accretion of convertible debt discount and amortization of debt issuance costs	3,741	20,239	18,924
Changes in working capital, net of amounts acquired:
Income taxes payable, net	10,805	23,912	(16,823)
Trade accounts receivable	(299,409)	(107,478)	63,629
Prepaid expenses and other current assets	(192,591)	93,475	(168,256)
Trade accounts payable	178,052	(33,218)	88,687
Deferred revenue	(8,389)	7,472	10,945
Accrued expenses and other current liabilities	608,252	93,040	118,618
Changes in non-current assets and liabilities	1,063	57,642	(94,299)
Net cash provided by operating activities	748,290	406,576	253,505
Cash flows from investing activities:
Acquisitions, net of cash acquired	(342,951)		(1,100)
Purchases of property and equipment	(104,257)	(92,207)	(97,628)
Purchases of other long-term assets	(7,728)	(7,752)	(7,770)
Other, net	1,160	1,850	967
Net cash used in investing activities	(453,776)	(98,109)	(105,531)
Cash flows from financing activities:
Proceeds from issuance of shares	9,081	10,848	18,101
Repurchase of shares	(175,965)	(229,877)	(241,518)
Borrowings from revolving credit agreements	7,904,600	5,074,000	3,113,800
Repayments of revolving credit agreements	(7,733,200)	(5,061,000)	(2,843,400)
Net borrowings (repayments) from short-term debt obligations	1,193	52	(5,157)
Debt issuance costs	(3,014)
Other, net	(3,849)	(6,259)	(6,428)
Net cash (used in) provided by financing activities	(1,154)	(212,236)	35,398
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(388,602)	(109,637)	98,757
(Decrease) increase in cash and cash equivalents and restricted cash	(95,242)	(13,406)	282,129
Cash and cash equivalents and restricted cash at beginning of period	2,086,102	2,099,508	1,817,379
Cash and cash equivalents and restricted cash at end of period	1,990,860	2,086,102	2,099,508
Supplemental Cash Flow Disclosures:
Interest paid during the period	29,067	18,503	17,319
Income taxes paid during the period	$ 86,208	$ 48,688	$ 60,170

Debt Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Schedule of debt obligations

	As of December 31,
(in thousands)	2022			2021
Credit Facility:
Revolving credit agreement	$	454,800		$	283,400
Convertible Debt:
0.75% convertible notes, unsecured, due 2049	525,000			468,235

1.375% Senior Notes, due 2026	642,120			682,080

Other obligations	207			920

Total debt obligations	$	1,622,127		$	1,434,635
Unamortized debt issuance costs	(12,880		)	(13,729		)
Carrying value of debt	$	1,609,247		$	1,420,906
Short-term debt obligations and current maturities of long-term debt obligations	(149		)	(821		)
Long-term debt obligations	$	1,609,098		$	1,420,085

CONSOLIDATED BALANCE SHEETS (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Credit loss allowance	$ 4,021	$ 4,469
Property and equipment, accumulated depreciation	576,433	532,631
Accumulated amortization	199,237	185,054
Other assets, accumulated amortization	$ 68,015	$ 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	64,091,387	63,779,009
Treasury stock, shares	14,269,645	12,631,125

Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2022

Valuation and Qualifying Accounts [Abstract]

Valuation and Qualifying Accounts

(15) Valuation and Qualifying Accounts

Trade accounts receivable and accounts receivable balances included within the settlement assets are stated net of credit losses. Historically, the Company has not experienced significant write-offs. The Company records credit losses when it is probable that the accounts receivable balance will not be collected.

The following table provides a summary of the credit loss balances and activity for the years endedDecember 31, 2022, 2021 and 2020:

	Year Ended December 31,
(in thousands)	2022			2021			2020
Beginning balance-credit losses	$	31,810		$	41,727		$	27,938
Additions-charged to expense	16,276			9,721			19,469
Amounts written off	(12,865		)	(21,662		)	(7,842		)
Other (primarily changes in foreign currency exchange rates)	1,789			2,024			2,162
Ending balance-credit losses	$	37,010		$	31,810		$	41,727

Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2022

Valuation and Qualifying Accounts [Abstract]

Schedule of valuation and qualifying accounts

	Year Ended December 31,
(in thousands)	2022			2021			2020
Beginning balance-credit losses	$	31,810		$	41,727		$	27,938
Additions-charged to expense	16,276			9,721			19,469
Amounts written off	(12,865		)	(21,662		)	(7,842		)
Other (primarily changes in foreign currency exchange rates)	1,789			2,024			2,162
Ending balance-credit losses	$	37,010		$	31,810		$	41,727

Basis of Preparation

12 Months Ended

Dec. 31, 2022

Basis of Preparation [Abstract]

Basis of Preparation

(2) Basis of Preparation

The Consolidated Financial Statements have been prepared in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") and pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC"). The Consolidated Financial Statements include the accounts of Euronet and its wholly owned and majority owned subsidiaries and all significant intercompany balances and transactions have been eliminated. Euronet's investments in companies that it does not control, but has the ability to significantly influence, are accounted for under the equity method. Euronet has no variable interest entities. Results from operations related to entities acquired during the periods covered by the Consolidated Financial Statements are reflected from the effective date of acquisition.

The preparation of the Consolidated Financial Statements in conformity with U.S. GAAP requires that management make a number of estimates and assumptions relating to the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities and the reported amounts of revenues and expenses. Significant items subject to such estimates and assumptions include computing income taxes, contingent purchase price consideration, 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.

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.

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Settlement Assets and Obligations [Abstract]
Cash and cash equivalents	$ 1,131,207	$ 1,260,466	$ 1,420,255
Restricted cash	7,374	3,693	3,334
ATM cash	515,643	543,422	411,054
Settlement cash and cash equivalents	242,621	203,624	188,191
SettlementAssetsRestrictedCash	94,015	74,897	76,674
Cash and cash equivalents and restricted cash at end of period	$ 1,990,860	$ 2,086,102	$ 2,099,508

Document and Entity Information Document - USD ($)	12 Months Ended
Document and Entity Information Document - USD ($)	Dec. 31, 2022	Feb. 21, 2023	Jun. 30, 2022
Entity Information [Line Items]
Entity File Number	001-31648
Entity Shell Company	false
Document Annual Report	true
Entity Small Business	false
City Area Code	(913)
Local Phone Number	327-4200
Entity Address, Address Line One	11400 Tomahawk Creek Parkway, Suite 300
Entity Address, City or Town	Leawood
Entity Address, State or Province	KS
Entity Incorporation, State or Country Code	DE
Entity Registrant Name	EURONET WORLDWIDE, INC.
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Dec. 31, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Public Float			$ 4.7
Entity Common Stock, Shares Outstanding		49,826,180
Entity Tax Identification Number	74-2806888
Entity Address, Postal Zip Code	66211
Entity Emerging Growth Company	false
Document Transition Report	false
ICFR Auditor Attestation Flag	true
Auditor Location	Kansas City, Missouri
Auditor Firm ID	185
Auditor Name	KPMG LLP
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

Acquisitions (Details Textual) $ in Thousands, € in Millions			12 Months Ended
	Mar. 15, 2022 EUR (€)	Mar. 15, 2022 USD ($)	Dec. 31, 2022 USD ($) Item	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Mar. 15, 2022 USD ($)	Mar. 15, 2022 terminal
Business Acquisition [Line Items]
Contingent consideration						$ 15,200
Purchase price of acquired entity in cash	€ 317.8	$ 350,600
Number of Merchants at Point of Sale Terminals Acquisition	205,000	205,000					170,000
Period of earnout contingent on performance targets	4 years 4 months 24 days	4 years 4 months 24 days
Intangible assets						122,455
Goodwill			$ 828,344	$ 641,605	$ 665,821
Revenues			3,358,741	2,995,443	2,482,700
Operating (loss) income			$ 385,339	$ 184,016	$ 46,622
Additional Acquisition \| Item			1
Piraeus Bank Merchant Acquiring [Member]
Business Acquisition [Line Items]
Purchase price of acquired entity in cash		$ 331,000
Period of earnout contingent on performance targets	10 years	10 years
Goodwill			$ 212,700
Revenues			$ 88,800
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Maximum Unlimited			no contractual maximum amount of consideration under this agreement.
Piraeus Bank Merchant Acquiring [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets						112,200
Amortization method	straight-line	straight-line
Intangible asset, useful life	15 years	15 years
Piraeus Bank Merchant Acquiring [Member] \| Contract-Based Intangible Assets [Member]
Business Acquisition [Line Items]
Intangible assets						$ 10,300
Amortization method	straight-line	straight-line
Intangible asset, useful life	10 years	10 years

CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 230,742	$ 70,587	$ (3,304)
Other comprehensive (loss) income
Translation adjustment	(78,375)	(78,466)	70,794
Comprehensive (loss) income	152,367	(7,879)	67,490
Comprehensive loss (income) attributable to noncontrolling interests	(220)	238	(213)
Comprehensive (loss) income attributable to Euronet Worldwide, Inc.	$ 152,147	$ (7,641)	$ 67,277

- Definition

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

+ References + Details

- Definition

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

+ References + Details

- Definition

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

+ References

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+ Details

Financial Instruments and Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2022

Financial Instruments and Fair Value Measurements [Abstract]

Schedule of financial assets measured and recorded at fair value

		As of December 31, 2022
(in thousands)	Balance Sheet Classification	Level 1			Level 2			Level 3		Total
Assets
Foreign currency exchange contracts	Other current assets	$	—	$	50,248			$	—	$	50,248
Liabilities
Foreign currency exchange contracts	Other current liabilities	$	—	$	(42,320		)	$	—	$	(42,320	)

		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	)

Business Segment Information

12 Months Ended

Dec. 31, 2022

Business Segment Information [Abstract]

Business Segment Information

(17) Business Segment Information

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

1) Through the EFT Processing Segment, the Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East, Africa, Asia Pacific and the United States. The Company provides 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, the Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems.

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

3) Through the Money Transfer Segment, the Company provides 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. The Company also offers customers bill payment services, payment alternatives such as money orders and prepaid debit cards, comprehensive check cashing services, foreign currency exchange services and mobile top-up. Furthermore, xe provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses.

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

The following tables present the Company's results for the years ended December 31, 2022, 2021 and 2020:

	For the Year Ended December 31, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	924,208	$	998,009	$	1,444,304	$	(7,780	)	$	3,358,741
Operating expenses:
Direct operating costs	475,785		753,149		796,951		(7,758		)	2,018,127
Salaries and benefits	111,997		81,680		277,012		63,549			534,238
Selling, general and administrative	57,049		36,006		182,360		9,758			285,173
Depreciation and amortization	95,486		6,224		33,727		427			135,864
Total operating expenses	740,317		877,059		1,290,050		65,976			2,973,402
Operating income (expense)	$	183,891	$	120,950	$	154,254	$	(73,756	)	$	385,339
Other income (expense)
Interest income										2,066
Interest expense										(37,585		)
Foreign currency exchange loss, net										(28,175		)
Other gains, net										950
Total other expense, net										(62,744		)
Income before income taxes										$	322,595
Segment assets as of December 31, 2022	$	2,150,685	$	1,173,330	$	1,795,799	$	283,819		$	5,403,633

	For the Year Ended December 31, 2021
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	591,138		$	1,011,482	$	1,400,957	$	(8,134	)	$	2,995,443
Operating expenses:
Direct operating costs	354,254			760,891		793,218		(8,096		)	1,900,267
Acquired contract cost impairment	—			—		38,634		—			38,634
Salaries and benefits	98,584			79,451		255,816		50,988			484,839
Selling, general and administrative	47,832			39,602		157,955		6,544			251,933
Depreciation and amortization	90,969			8,501		35,739		545			135,754
Total operating expenses	591,639			888,445		1,281,362		49,981			2,811,427
Operating income (expense)	$	(501	)	$	123,037	$	119,595	$	(58,115	)	$	184,016
Other income (expense)
Interest income											664
Interest expense											(38,198		)
Foreign currency exchange gain, net											(10,866		)
Other gains, net											59
Total other expense, net											(48,341		)
Income before income taxes											$	135,675
Segment assets as of December 31, 2021	$	1,682,680		$	1,234,074	$	1,621,726	$	205,796		$	4,744,276

	For the Year Ended December 31, 2020
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	468,726		$	835,517	$	1,183,849	$	(5,392	)	$	2,482,700
Operating expenses:
Direct operating costs	302,637			630,391		649,033		(5,362		)	1,576,699
Salaries and benefits	91,526			64,769		213,511		34,336			404,142
Selling, general and administrative	35,388			35,789		142,161		8,276			221,614
Goodwill and acquired intangible assets impairment	21,861			—		84,741		—			106,602
Depreciation and amortization	84,025			7,890		34,694		412			127,021
Total operating expenses	535,437			738,839		1,124,140		37,662			2,436,078
Operating income (expense)	$	(66,711	)	$	96,678	$	59,709	$	(43,054	)	$	46,622
Other income (expense)
Interest income											1,040
Interest expense											(36,604		)
Foreign currency exchange loss, net											(3,756		)
Other gains, net											869
Total other expense, net											(38,451		)
Income before income taxes											$	8,171
Segment assets as of December 31, 2020	$	1,541,610		$	1,135,204	$	1,755,651	$	494,246		$	4,926,711

Total revenues for the years ended December 31, 2022, 2021 and 2020, and property and equipment and total assets as of December 31, 2022 and 2021, summarized by geographic location, were as follows:

	Revenues						Property and Equipment, net				Total Assets
	For the year ended December 31,						as of December 31,				as of December 31,
(in thousands)	2022		2021		2020		2022		2021		2022		2021
United States	$	830,846	$	805,028	$	725,135	$	59,925	$	59,469	$	1,051,433	$	1,040,190
Germany	644,488		631,550		533,999		30,222		32,126		772,575		901,724
Spain	211,658		157,766		118,934		46,392		50,321		322,652		317,199
United Kingdom	144,737		143,914		118,024		10,453		13,783		403,874		371,090
Italy	160,676		130,095		92,006		16,670		18,279		207,744		207,347
Poland	98,069		93,654		89,688		23,013		24,091		220,686		201,506
India	188,539		173,154		123,343		30,476		32,705		241,630		206,378
France	173,825		166,655		119,265		8,514		7,038		140,396		134,981
Greece	160,971		61,627		39,705		18,032		10,815		597,206		80,778
Malaysia	47,597		50,039		73,541		2,167		1,998		77,569		91,813
Australia	42,424		46,851		46,062		2,880		2,791		58,400		56,275
New Zealand	61,550		56,480		47,368		3,537		3,949		234,836		231,468
Netherlands	54,634		49,442		39,630		5,302		6,280		196,667		217,521
Canada	66,439		46,851		49,487		744		847		106,419		103,056
Brazil	51,367		44,304		28,473		258		268		46,695		34,115
Other	420,921		338,033		238,040		78,016		80,621		724,851		548,835
Total foreign	2,527,895		2,190,415		1,757,565		276,676		285,912		4,352,200		3,704,086
Total	$	3,358,741	$	2,995,443	$	2,482,700	$	336,601	$	345,381	$	5,403,633	$	4,744,276

Revenues are attributed to countries based on location of the customer, with the exception of software sales made by the Company's software subsidiary, which are attributed to the U.S.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI https://asc.fasb.org/topic&trid=2134510

+ Details

Acquisitions (Details) $ in Thousands	Mar. 15, 2022 USD ($)
Business Acquisition [Line Items]
Other current assets	$ 1,754
Property and equipment	5,735
Settlement assets	77,643
Intangible assets	122,455
Total assets acquired	207,587
Trade accounts payable	(2,155)
Settlement liabilities	(65,851)
Accrued expenses and other current liabilities	(1,313)
Deferred revenue	(332)
Other long-term liabilities	(100)
Total liabilities assumed	(69,751)
Goodwill	212,736
Net assets acquired	$ 350,572

Derivative Instruments and Hedging Activities Derivative Financial Information (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Ria Operations [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 398.6	$ 222.1
Corporate Operations [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	228.4	216.1
xe Operations [Member] \| Trading Revenue [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Trading Activity, Gain	86.6	$ 79.5	$ 68.2
HiFX Operations [Member] \| Foreign Exchange Contract [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 1,000.0
Maximum [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, term of contract	1 year
Maximum [Member] \| Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term	14 days

Property and Equipment, Net (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Property and Equipment, Net [Abstract]
Depreciation expense	$ 101.5	$ 104.7	$ 96.1

Financial Instruments and Fair Value Measurements (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency exchange contracts, Other current assets	$ 50,248	$ 27,582
Foreign currency exchange contracts, Other current liabilities	(42,320)	(23,285)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency exchange contracts, Other current assets
Foreign currency exchange contracts, Other current liabilities
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency exchange contracts, Other current assets	50,248	27,582
Foreign currency exchange contracts, Other current liabilities	(42,320)	(23,285)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign currency exchange contracts, Other current assets
Foreign currency exchange contracts, Other current liabilities

Income Taxes (Details 6)	12 Months Ended
Income Taxes (Details 6)	Dec. 31, 2022
2014 through 2022 [Member]
Statutory Accounting Practices [Line Items]
Income tax examinations	U.S. (Federal)
2016 through 2022 [Member]
Statutory Accounting Practices [Line Items]
Income tax examinations	Germany
2013 through 2022 [Member]
Statutory Accounting Practices [Line Items]
Income tax examinations	Greece
2015 through 2022 [Member]
Statutory Accounting Practices [Line Items]
Income tax examinations	Spain
2018 through 2022 [Member]
Statutory Accounting Practices [Line Items]
Income tax examinations	U.K.

Goodwill and Acquired Intangible Assets, Net (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Future Amortization Expense, Year One	$ 24,100,000
Future Amortization Expense, Year Two	17,800,000
Future Amortization Expense, Year Three	14,600,000
Future Amortization Expense, Year Four	14,300,000
Future Amortization Expense, Year Five	13,000,000
Acquired intangible assets, net of accumulated amortization of $185,054 and $175,210	188,275,000	$ 97,793,000	$ 121,883,000
Finite-Lived Intangible Assets, Amortization Expense	(26,990,000)	(23,059,000)
Finite-lived intangible assets, other changes	7,283,000	(1,031,000)
Goodwill	828,344,000	641,605,000	665,821,000
Goodwill and acquired intangible assets impairment			106,602,000
Other (primarily changes in foreign currency exchange rates)	37,557,000	(24,216,000)
Total intangible assets, net, including goodwill	1,016,619,000	739,398,000	787,704,000
Total intangible assets acquired during period	349,051,000
Total intangible assets amortization expense	(26,990,000)	(23,059,000)
Total intangible assets, other changes	44,840,000	(25,247,000)
Goodwill [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Amortization Expense	(27,000,000)	$ (23,100,000)	(22,900,000)
Goodwill	828,300,000
Money Transfer Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	383.7
Goodwill and acquired intangible assets impairment			84,741,000
Epay Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	123,100,000
Goodwill and acquired intangible assets impairment
EFT Processing Segment [Member]
Finite-Lived Intangible Assets [Line Items]
Goodwill	$ 321,500,000
Goodwill and acquired intangible assets impairment			$ 21,861,000

Property and Equipment, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 913,034	$ 878,012
Less accumulated depreciation	(576,433)	(532,631)
Total	336,601	345,381
ATMs [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	578,130	560,310
POS terminals [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	41,486	31,321
Vehicles and Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	76,317	75,331
Computers and software [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	216,450	210,363
Land and buildings [Member]
Property, Plant and Equipment [Line Items]
Property and Equipment, Gross	$ 651	$ 687

Business Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Business Segment Information [Abstract]

Schedule of reportable segment results

	For the Year Ended December 31, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	924,208	$	998,009	$	1,444,304	$	(7,780	)	$	3,358,741
Operating expenses:
Direct operating costs	475,785		753,149		796,951		(7,758		)	2,018,127
Salaries and benefits	111,997		81,680		277,012		63,549			534,238
Selling, general and administrative	57,049		36,006		182,360		9,758			285,173
Depreciation and amortization	95,486		6,224		33,727		427			135,864
Total operating expenses	740,317		877,059		1,290,050		65,976			2,973,402
Operating income (expense)	$	183,891	$	120,950	$	154,254	$	(73,756	)	$	385,339
Other income (expense)
Interest income										2,066
Interest expense										(37,585		)
Foreign currency exchange loss, net										(28,175		)
Other gains, net										950
Total other expense, net										(62,744		)
Income before income taxes										$	322,595
Segment assets as of December 31, 2022	$	2,150,685	$	1,173,330	$	1,795,799	$	283,819		$	5,403,633

	For the Year Ended December 31, 2021
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	591,138		$	1,011,482	$	1,400,957	$	(8,134	)	$	2,995,443
Operating expenses:
Direct operating costs	354,254			760,891		793,218		(8,096		)	1,900,267
Acquired contract cost impairment	—			—		38,634		—			38,634
Salaries and benefits	98,584			79,451		255,816		50,988			484,839
Selling, general and administrative	47,832			39,602		157,955		6,544			251,933
Depreciation and amortization	90,969			8,501		35,739		545			135,754
Total operating expenses	591,639			888,445		1,281,362		49,981			2,811,427
Operating income (expense)	$	(501	)	$	123,037	$	119,595	$	(58,115	)	$	184,016
Other income (expense)
Interest income											664
Interest expense											(38,198		)
Foreign currency exchange gain, net											(10,866		)
Other gains, net											59
Total other expense, net											(48,341		)
Income before income taxes											$	135,675
Segment assets as of December 31, 2021	$	1,682,680		$	1,234,074	$	1,621,726	$	205,796		$	4,744,276

	For the Year Ended December 31, 2020
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	468,726		$	835,517	$	1,183,849	$	(5,392	)	$	2,482,700
Operating expenses:
Direct operating costs	302,637			630,391		649,033		(5,362		)	1,576,699
Salaries and benefits	91,526			64,769		213,511		34,336			404,142
Selling, general and administrative	35,388			35,789		142,161		8,276			221,614
Goodwill and acquired intangible assets impairment	21,861			—		84,741		—			106,602
Depreciation and amortization	84,025			7,890		34,694		412			127,021
Total operating expenses	535,437			738,839		1,124,140		37,662			2,436,078
Operating income (expense)	$	(66,711	)	$	96,678	$	59,709	$	(43,054	)	$	46,622
Other income (expense)
Interest income											1,040
Interest expense											(36,604		)
Foreign currency exchange loss, net											(3,756		)
Other gains, net											869
Total other expense, net											(38,451		)
Income before income taxes											$	8,171
Segment assets as of December 31, 2020	$	1,541,610		$	1,135,204	$	1,755,651	$	494,246		$	4,926,711

Schedule of total revenues, property and equipment and total assets

	Revenues						Property and Equipment, net				Total Assets
	For the year ended December 31,						as of December 31,				as of December 31,
(in thousands)	2022		2021		2020		2022		2021		2022		2021
United States	$	830,846	$	805,028	$	725,135	$	59,925	$	59,469	$	1,051,433	$	1,040,190
Germany	644,488		631,550		533,999		30,222		32,126		772,575		901,724
Spain	211,658		157,766		118,934		46,392		50,321		322,652		317,199
United Kingdom	144,737		143,914		118,024		10,453		13,783		403,874		371,090
Italy	160,676		130,095		92,006		16,670		18,279		207,744		207,347
Poland	98,069		93,654		89,688		23,013		24,091		220,686		201,506
India	188,539		173,154		123,343		30,476		32,705		241,630		206,378
France	173,825		166,655		119,265		8,514		7,038		140,396		134,981
Greece	160,971		61,627		39,705		18,032		10,815		597,206		80,778
Malaysia	47,597		50,039		73,541		2,167		1,998		77,569		91,813
Australia	42,424		46,851		46,062		2,880		2,791		58,400		56,275
New Zealand	61,550		56,480		47,368		3,537		3,949		234,836		231,468
Netherlands	54,634		49,442		39,630		5,302		6,280		196,667		217,521
Canada	66,439		46,851		49,487		744		847		106,419		103,056
Brazil	51,367		44,304		28,473		258		268		46,695		34,115
Other	420,921		338,033		238,040		78,016		80,621		724,851		548,835
Total foreign	2,527,895		2,190,415		1,757,565		276,676		285,912		4,352,200		3,704,086
Total	$	3,358,741	$	2,995,443	$	2,482,700	$	336,601	$	345,381	$	5,403,633	$	4,744,276

Property and Equipment, Net (Tables)

12 Months Ended

Dec. 31, 2022

Property and Equipment, Net [Abstract]

Schedule of property and equipment, net of accumulated depreciation and amortization

	As of December 31,
(in thousands)	2022			2021
ATMs	$	578,130		$	560,310
POS terminals	41,486			31,321
Vehicles and office equipment	76,317			75,331
Computers and software	216,450			210,363
Land and buildings	651			687
	913,034			878,012
Less accumulated depreciation	(576,433		)	(532,631		)
Total	$	336,601		$	345,381

Restricted Cash

12 Months Ended

Dec. 31, 2022

Restricted Cash [Abstract]

Restricted Cash

(7) Restricted Cash

The restricted cash balances as of December 31, 2022 and 2021 were as follows:

	As of December 31,
(in thousands)	2022		2021
Cash held in trust and/or cash held on behalf of others	$	7,374	$	3,693
Restricted cash	$	7,374	$	3,693

Cash held in trust and/or cash held on behalf of others	$	80,563	$	62,077
Collateral on bank credit arrangements and other	13,452		12,820
Restricted cash included within settlement assets	$	94,015	$	74,897

Total Restricted Cash	$	101,389	$	78,590

Cash held in trust and/or cash held on behalf of others is in connection with the administration of the customer collection and vendor remittance activities by certain subsidiaries within the Company's epay and EFT Processing Segments. Amounts collected on behalf of certain mobile phone operators and/or merchants are deposited into a restricted cash account. The bank credit arrangements primarily represent cash collateral on deposit with commercial banks to cover guarantees.

Goodwill and Acquired Intangible Assets, Net (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Finite-lived Intangible Assets [Roll Forward]
Balance	$ 97,793	$ 121,883
Increases (decreases):
Acquisitions	124,755
Amortization	(26,990)	(23,059)
Finite-lived intangible assets, other changes	7,283	(1,031)
Balance	188,275	97,793
Balance	641,605	665,821
Increases (decreases):
Acquisitions	224,296
Amortization
Other (primarily changes in foreign currency exchange rates)	37,557	(24,216)
Balance	828,344	641,605
Balance	739,398	787,704
Increases (decreases):
Total intangible assets acquired during period	349,051
Amortization	(26,990)	(23,059)
Total intangible assets, other changes	44,840	(25,247)
Balance	$ 1,016,619	$ 739,398

Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning balance-credit losses	$ 31,810	$ 41,727	$ 27,938
Additions-charged to expense	16,276	9,721	19,469
Amounts written off	(12,865)	(21,662)	(7,842)
Other (primarily changes in foreign currency exchange rates)	1,789	2,024	2,162
Ending balance-credit losses	$ 37,010	$ 31,810	$ 41,727

Leases (Details 1) - USD ($) $ in Thousands	12 Months Ended
Leases (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease expense	$ 51,031	$ 55,613	$ 83,102
Short-term and variable lease expense	142,613	115,963	69,711
Total lease expense	$ 193,644	$ 171,576	$ 152,813

Stock Plans (Details 3)	12 Months Ended
Stock Plans (Details 3)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Volatility - range	42.50%	40.00%	37.00%
Dividend yield
Expected lives	4 years 7 months 6 days	4 years 6 months	5 years
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate - range	3.45%	0.50%	0.31%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Risk-free interest rate - range	3.97%	1.21%	1.17%

Summary of Significant Accounting Policies and Practices (Policies)

12 Months Ended

Dec. 31, 2022

Summary of Significant Accounting Policies and Practices

Foreign currencies

Cash equivalents

ATM cash

ATM cash represents cash within the ATM network either included within ATMs, within dedicated accounts, or in-transit to ATMs.

Settlement assets and obligations

Property and equipment

Property and equipment are stated at cost, less accumulated depreciation. Property and equipment acquired in acquisitions have been recorded at estimated fair values as of the acquisition date.

Depreciation is generally calculated using the straight-line method over the estimated useful lives of the respective assets.

Depreciation and amortization rates are generally as follows:

ATMs or ATM upgrades	5 - 8 years
Computers and software	3 - 5 years
POS terminals	3 - 5 years
Vehicles and office equipment	3 - 10 years
Leasehold improvements	Over the lesser of the lease term or estimated useful life

Goodwill and other intangible assets

Non-compete agreements	2 - 5 years
Trademarks and trade names	2 - 20 years
Software	3 - 10 years
Customer relationships	6 - 20 years

See Note 9, Goodwill and Acquired Intangible Assets, Net, to the Consolidated Financial Statements for additional information regarding the impairment of goodwill and other intangible assets.

Other assets

Convertible notes

Income taxes

Presentation of taxes collected and remitted to governmental authorities

The Company presents taxes collected and remitted to governmental authorities on a net basis in the accompanying Consolidated Statements of Operations.

Fair value measurements

Accounting for derivative instruments and hedging activities

Share-based compensation

Revenue recognition

Revenues

	For the Year Ended December 31, 2022
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	716,348	$	658,292	$	581,851	$	1,956,491
North America	69,276		133,356		700,113		902,745
Asia Pacific	133,908		154,993		107,511		396,412
Other	4,676		51,368		54,829		110,873
Eliminations	—		—		—		(7,780		)
Total	$	924,208	$	998,009	$	1,444,304	$	3,358,741

	For the Year Ended December 31, 2021
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	420,181	$	669,297	$	576,640	$	1,666,118
North America	63,368		139,759		667,738		870,865
Asia Pacific	107,020		158,122		105,086		370,228
Other	569		44,304		51,493		96,366
Eliminations	—		—		—		(8,134		)
Total	$	591,138	$	1,011,482	$	1,400,957	$	2,995,443

	For the Year Ended December 31, 2020
(in thousands)	EFT Processing		epay		Money Transfer		Total
Europe	$	313,953	$	561,514	$	449,299	$	1,324,766
North America	56,447		144,613		577,845		778,905
Asia Pacific	98,313		100,917		124,413		323,643
Other	13		28,473		32,292		60,778
Eliminations	—		—		—		(5,392		)
Total	$	468,726	$	835,517	$	1,183,849	$	2,482,700

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Schedule of future minimum lease payments

	As of December 31, 2022
Maturity of Lease Liabilities (in thousands)	Operating Leases (1)
2023	$	47,004
2024	36,508
2025	26,519
2026	18,331
2027	11,510
Thereafter	17,015
Total lease payments		156,887
Less: imputed interest	(4,055		)
Present value of lease liabilities	$	152,832

(1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.

Schedule of lease expense recognized in consolidated statements of income

Lease Expense (in thousands)	Income Statement Classification	Year ended December 31,2022		Year ended December 31,2021			Year ended December 31,2020
Operating lease expense	Selling, general and administrative and Direct operating costs	$	51,031	$	55,613	$	83,102
Short-term and variable lease expense	Selling, general and administrative and Direct operating costs		142,613	115,963			69,711
Total lease expense		$	193,644	$	171,576	$	152,813

Schedule of other information about lease amounts recognized in consolidated financial statements

Lease Term and Discount Rate of Operating Leases	As of December 31,2022	As of December 31,2021
Weighted- average remaining lease term (years)	4.6	4.9
Weighted- average discount rate	2.27	2.24

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

Other Information (in thousands)	Year ended December 31, 2022		Year ended December 31, 2021			Year ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities (a)	$	49,739	$	51,464	$	79,447
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	$	50,032	$	69,073	$	77,728

Stockholders' Equity (Details) - USD ($) $ in Thousands	12 Months Ended
Stockholders' Equity (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Computation of diluted earnings:
Net income (loss)	$ 230,994	$ 70,727	$ (3,399)
Add: Interest expense from assumed conversion of convertible notes, net of tax	4,704
Net income (loss) for diluted earnings per share calculation	$ 235,698	$ 70,727	$ (3,399)
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	50,175,614	52,585,674	52,659,551
Incremental shares from assumed exercise of stock options and vesting of restricted stock	505,876	943,902
Incremental shares from assumed conversion of convertible debt	2,781,818
Diluted weighted average shares outstanding	53,463,308	53,529,576	52,659,551

- 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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+ Details

Organization

12 Months Ended

Dec. 31, 2022

Organization [Abstract]

Organization

(1) Organization

Euronet Worldwide, Inc. (the "Company" or "Euronet") 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 financial technology solutions and 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.

Business Segment Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 3,358,741	$ 2,995,443	$ 2,482,700
Operating expenses:
Direct operating costs	2,018,127	1,900,267	1,576,699
Acquired contract cost impairment		38,634
Salaries and benefits	534,238	484,839	404,142
Selling, general and administrative	285,173	251,933	221,614
Goodwill and acquired intangible assets impairment			106,602
Depreciation and amortization	135,864	135,754	127,021
Total operating expenses	2,973,402	2,811,427	2,436,078
Operating income	385,339	184,016	46,622
Other income (expense)
Interest income	2,066	664	1,040
Interest expense	(37,585)	(38,198)	(36,604)
Foreign currency exchange loss, net	(28,175)	(10,866)	(3,756)
Other gains, net	950	59	869
Other expense, net	(62,744)	(48,341)	(38,451)
Income before income taxes	322,595	135,675	8,171
Total Assets	5,403,633	4,744,276	4,926,711
EFT Processing [Member]
Segment Reporting Information [Line Items]
Total revenues	924,208	591,138	468,726
Operating expenses:
Direct operating costs	475,785	354,254	302,637
Acquired contract cost impairment
Salaries and benefits	111,997	98,584	91,526
Selling, general and administrative	57,049	47,832	35,388
Goodwill and acquired intangible assets impairment			21,861
Depreciation and amortization	95,486	90,969	84,025
Total operating expenses	740,317	591,639	535,437
Operating income	183,891	(501)	(66,711)
Other income (expense)
Total Assets	2,150,685	1,682,680	1,541,610
epay [Member]
Segment Reporting Information [Line Items]
Total revenues	998,009	1,011,482	835,517
Operating expenses:
Direct operating costs	753,149	760,891	630,391
Acquired contract cost impairment
Salaries and benefits	81,680	79,451	64,769
Selling, general and administrative	36,006	39,602	35,789
Goodwill and acquired intangible assets impairment
Depreciation and amortization	6,224	8,501	7,890
Total operating expenses	877,059	888,445	738,839
Operating income	120,950	123,037	96,678
Other income (expense)
Total Assets	1,173,330	1,234,074	1,135,204
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	1,444,304	1,400,957	1,183,849
Operating expenses:
Direct operating costs	796,951	793,218	649,033
Acquired contract cost impairment		38,634
Salaries and benefits	277,012	255,816	213,511
Selling, general and administrative	182,360	157,955	142,161
Goodwill and acquired intangible assets impairment			84,741
Depreciation and amortization	33,727	35,739	34,694
Total operating expenses	1,290,050	1,281,362	1,124,140
Operating income	154,254	119,595	59,709
Other income (expense)
Total Assets	1,795,799	1,621,726	1,755,651
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(7,780)	(8,134)	(5,392)
Operating expenses:
Direct operating costs	(7,758)	(8,096)	(5,362)
Acquired contract cost impairment
Salaries and benefits	63,549	50,988	34,336
Selling, general and administrative	9,758	6,544	8,276
Goodwill and acquired intangible assets impairment
Depreciation and amortization	427	545	412
Total operating expenses	65,976	49,981	37,662
Operating income	(73,756)	(58,115)	(43,054)
Other income (expense)
Total Assets	$ 283,819	$ 205,796	$ 494,246

Leases (Details)

Dec. 31, 2022

USD ($)

^[1]

Leases [Abstract]

$ 47,004

36,508

26,519

18,331

11,510

17,015

156,887

Less: imputed interest

(4,055)

Present value of lease liabilities

$ 152,832

[1]	Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.

Related Party Transactions

12 Months Ended

Dec. 31, 2022

Related Party Transactions

(21) Related Party Transactions

The Company leases an airplane from a company owned by Mr. Michael J. Brown, Euronet's Chief Executive Officer, President and Chairman of the Board of Directors. The airplane is leased for business use on a per flight hour basis at competitive commercial rates with no minimum usage requirement. Euronet incurred expenses of $0.2 million, $0.1 million and $0.1 million during the years ended December 31, 2022, 2021 and 2020, respectively, for the use of this airplane.

Income Taxes (Details 3) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Tax loss carryforwards	$ 64,889	$ 65,862
Share-based compensation	12,620	9,743
Accrued expenses	23,192	19,907
Property and equipment	10,787	11,949
Goodwill and intangible amortization	8,999	9,353
Contract costs	7,034	9,921
Intercompany notes	17,352	6,077
Accrued revenue	5,073	7,541
Tax credits	64,384	65,267
Lease accounting	40,194	42,381
Foreign exchange	2,704	8,283
Other	7,755	14,616
Gross deferred tax assets	264,983	270,900
Valuation allowance	(90,369)	(100,489)
Net deferred tax assets	174,614	170,411
Deferred tax liabilities:
Intangible assets related to purchase accounting	(12,067)	(11,763)
Goodwill and intangible amortization	(31,716)	(30,339)
Accrued expenses	(22,661)	(21,495)
Intercompany notes	(14,544)	(10,388)
Accrued interest	(26,583)	(34,175)
Capitalized research and development	(1,229)	(6,376)
Property and equipment	(14,630)	(15,597)
Accrued revenue	(2,074)	(2,073)
Lease accounting	(40,194)	(42,381)
Foreign exchange	(9,773)	(1,211)
Other	(3,533)	(3,971)
Total deferred tax liabilities	(179,004)	(179,769)
Net deferred tax liabilities	$ (4,390)	$ (9,358)

Summary of Significant Accounting Policies and Practices (Details Textual) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Subsequent Event [Line Items]
Non-cash impairment charge	$ 38.6
Deferred contract costs	$ 96.4	$ 78.9	$ 96.4
Deferred revenue recognized			55.5
Amortization related costs		22.1	$ 33.3	$ 17.2
Increase in retained earnings		42.9
Decrease in debt discounts		56.8
Decrease to additional paid-in capital		99.7
Increasing additional paid-in capital		$ 25.6
Diluted earnings per share		2,781,818
Working capital		$ 4.4
Deferred tax liabilities		15.0
Decreasing retained earnings		10.6
Cash Payments		$ 44.3
Estimated fair value percentage		50.00%

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2022

Stockholders' Equity [Abstract]

Schedule of weighted average number of common shares outstanding

		Year Ended December 31,
		2022		2021		2020
Computation of diluted earnings:
Net income (loss)	$	230,994	$	70,727	$	(3,399	)
Add: Interest expense from assumed conversion of convertible notes, net of tax		4,704		—		—
Net income (loss) for diluted earnings per share calculation	$	235,698	$	70,727	$	(3,399	)

Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding		50,175,614		52,585,674		52,659,551
Incremental shares from assumed exercise of stock options and vesting of restricted stock		505,876		943,902		—
Incremental shares from assumed conversion of convertible debt		2,781,818		—		—
Diluted weighted average shares outstanding		53,463,308		53,529,576		52,659,551

Derivative Instruments and Fair Value of Derivative Assets and Liabilities (Details 1) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities [Abstract]
Gross Amounts of Recognized Assets	$ 50,248	$ 27,582
Gross Amounts Offset in the Consolidated Balance Sheet
Net Amounts Presented in the Consolidated Balance Sheet	50,248	27,582
Derivative Asset, Not Offset, Financial Instruments	(27,851)	(14,875)
Cash Collateral Received	(4,056)	(2,284)
Derivatives Assets, Net Amounts	18,341	10,423
Gross Amounts of Recognized Liabilities	(42,320)	(23,285)
Gross Amounts Offset in the Consolidated Balance Sheet
Net Amounts Presented in the Consolidated Balance Sheet	(42,320)	(23,285)
Derivative Liability, Not Offset, Financial Instruments	27,851	14,875
Cash Collateral Paid	4,257	640
Derivative Liability, Net Amounts	$ (10,212)	$ (7,770)

Derivative Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2022

Derivative Instruments and Hedging Activities [Abstract]

Derivative Instruments and Hedging Activities

(12) Derivative Instruments and Hedging Activities

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

Foreign currency exchange contracts - Ria Operations and Corporate

In the United States, the Company uses short-duration foreign currency forward contracts, generally with maturities up to 14 days, to offset the fluctuation in foreign currency exchange rates on the collection of money transfer funds between initiation of a transaction and its settlement. Due to the short duration of these contracts and the Company's credit profile, the Company is generally not required to post collateral with respect to these foreign currency forward contracts. Most derivative contracts executed with counterparties in the U.S. are governed by an International Swaps and Derivatives Association agreement that includes standard netting arrangements; therefore, asset and liability positions from forward contracts and all other foreign exchange transactions with the same counterparty are net settled upon maturity. As of December 31, 2022 and 2021, the Company had foreign currency forward contracts outstanding in the U.S. with a notional value of $398.6 million and $222.1 million, respectively. The foreign currency forward contracts consist primarily in Australian dollars, Canadian dollars, British pounds, euros and Mexican pesos.

In addition, the Company uses forward contracts, typically with maturities from a few days to less than one year, to offset foreign exchange rate fluctuations on certain short-term borrowings that are payable in currencies other than the U.S dollar. As of December 31, 2022 and 2021, the Company had foreign currency forward contracts outstanding with a notional value of $228.4 million and $216.1 million, respectively, primarily in euros.

Foreign currency exchange contracts - xe Operations

xe, writes derivative instruments, primarily foreign currency forward contracts and cross-currency swaps, mostly with counterparties comprised of individuals and small-to-medium size businesses and derives a currency margin from this activity as part of its operations. xe aggregates its foreign currency exposures arising from customer contracts and hedges the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. Foreign exchange revenues from xe's total portfolio of positions were $86.6 million, $79.5 million and $68.2 million for the years ended December 31, 2022, 2021 and 2020, respectively. All of the derivative contracts used in the Company' s xe operations are economic hedges and are not designated as hedges under ASC 815.The duration of these derivative contracts is generally less than one year.

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

The aggregate equivalent U.S. dollar notional amounts of foreign currency derivative customer contracts held by the Company in its xe operations as of December 31, 2022 and 2021, was approximately $1.0 billion. The significant majority of customer contracts are written in major currencies such as the euro, U.S. dollar, British pound, Australian dollar and New Zealand dollar.

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

Asset Derivatives

Liability Derivatives

Fair Value

(in thousands)

Balance Sheet Location

December 31, 2022

December 31, 2021

Balance Sheet Location

December 31, 2022

December 31, 2021

Derivatives not designated as hedging instruments

Foreign currency exchange contracts

Other current assets

50,248

27,582

Other current liabilities

(42,320)

(23,285

)

Balance Sheet Presentation

The following tables summarize the gross and net fair value of derivative assets and liabilities as of December 31, 2022 and 2021 (in thousands):

Offsetting of Derivative Assets

							Gross Amounts Not Offset in the Consolidated Balance Sheet
As of December 31, 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	$	50,248	$	—	$	50,248	$	(27,851	)	$	(4,056	)	$	18,341

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 December 31, 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	$	(42,320	)	$	—	$	(42,320	)	$	27,851	$	4,257	$	(10,212	)

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

Income Statement Presentation

The following tables summarize the location and amount of gains on derivatives in the Consolidated Statements of Operations for the years ended December 31, 2022, 2021 and 2020:

		Amount of Gain (Loss) Recognized in Income on Derivative Contracts (a)
	Location of Gain (Loss) Recognized in Income on Derivative Contracts	Year Ended December 31,
(in thousands)		2022		2021		2020
Foreign currency exchange contracts - Ria Operations	Foreign currency exchange gain (loss), net	$	2,083	$	1,618	$	(1,499	)

See Note 18, Financial Instruments and Fair Value Measurements, for the determination of the fair values of derivatives.

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 1,131,207	$ 1,260,466
ATM cash	515,643	543,422
Restricted cash	7,374	3,693
Settlement assets	1,442,692	1,102,389
Trade accounts receivable, net of credit loss allowance of $4,021 and $4,469	270,828	203,010
Prepaid expenses and other current assets	358,929	195,443
Total current assets	3,726,673	3,308,423
Operating right of use lease assets	149,667	161,494
Property and equipment, net of accumulated depreciation of $576,433 and $532,631	336,601	345,381
Goodwill	828,344	641,605
Acquired intangible assets, net of accumulated amortization of $199,237 and $185,054	188,275	97,793
Other assets, net of accumulated amortization of $68,015 and $62,349	174,073	189,580
Total assets	5,403,633	4,744,276
Current liabilities:
Settlement obligations	1,442,692	1,102,389
Trade accounts payable	222,448	193,529
Accrued expenses and other current liabilities	505,685	367,692
Current portion of operating lease obligations	50,183	52,136
Debt, Current	149	821
Income taxes payable	67,534	59,037
Deferred revenue	65,380	77,037
Total current liabilities	2,354,071	1,852,641
Debt obligations, net of current portion	1,609,098	1,420,085
Operating lease obligations, net of current portion	102,649	111,355
Deferred income taxes	28,372	46,505
Other long-term liabilities	65,037	58,166
Total liabilities	4,159,227	3,488,752
Euronet Worldwide, Inc. stockholders' equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; 0 issued
Common Stock, $0.02 par value. 90,000,000 shares authorized; shares issued 64,091,387 and 63,779,009	1,282	1,275
Additional paid-in capital	1,251,837	1,274,118
Treasury stock, at cost, shares issued 14,268,680 and 12,631,125	(1,105,813)	(931,212)
Retained earnings	1,348,266	1,083,882
Accumulated other comprehensive loss	(250,989)	(172,582)
Total Euronet Worldwide, Inc. stockholders' equity	1,244,583	1,255,481
Noncontrolling interests	(177)	43
Total equity	1,244,406	1,255,524
Total liabilities and equity	$ 5,403,633	$ 4,744,276

Debt Obligations (Details Textual) $ / shares in Units, € in Millions	1 Months Ended			12 Months Ended
	Jun. 24, 2022 USD ($)	May 25, 2022 USD ($)	Mar. 18, 2020 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Oct. 24, 2022 USD ($)	May 22, 2020	May 22, 2019 EUR (€)	May 22, 2019 USD ($)
Debt Instrument [Line Items]
Long-Term Debt, Average Amount Outstanding				$ 642,100,000
Long-term Debt, Maturities, Repayments of Principal in Year Two				100,000
Long-term Debt, Maturities, Repayments of Principal in Year Four				525,000,000
Line of Credit Facility, Maximum Borrowing Capacity				$ 250,000,000
Long-term Debt, Weighted Average Interest Rate, at Point in Time				740.60%
Letter of credit, interest rate at period end				1.10%
Letters of Credit Outstanding, Amount				$ 83,400,000
Debt Instrument, Convertible, Conversion Price \| $ / shares			$ 188.73	$ 188.73
Debt Instrument, Convertible, Effective Interest Rate				4.40%
Other debt, current				$ 200,000	$ 900,000
Long-term Debt, Maturities, Repayments of Principal after Year Five				$ 454,800,000
Debt Instrument, Redemption Price, Percentage			100.00%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.375%				1.375%
Long-term Debt				$ 1,609,247,000	1,420,906,000
Debt instrument, redemption, description				(i) if the closing sale price of the Company's Common Stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which the Company provides notice of redemption and (ii) on or after March 20, 2025 and prior to the maturity date, regardless of the foregoing sale price condition, in each case at a redemption price equal to 100% of the principal amount of the Convertible Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the Convertible Notes. In addition, if a fundamental change, as defined in the Indenture, occurs prior to the maturity date, holders may require the Company to repurchase for cash all or part of their Convertible Notes 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 fundamental change repurchase date.
Accretion Expense					16,000,000	$ 15,300,000
Other Obligation Arrangements				$ 100,000
Debt Instrument, Annual Principal Payment									€ 600	$ 669,900,000
Line of Credit Facility, Increase (Decrease), Net				$ 500
Line of Credit Facility, Commitment Fee Percentage				1.25%
Line of Credit Facility, Description				(i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt.
Line of Credit Facility, Expiration Date				Oct. 24, 2027
Line of Credit, Current				$ 150,000,000
Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Unamortized Debt Issuance Expense				$ (4,100,000)
Debt Instrument, Convertible, Effective Interest Rate				1.375%
Long-term Debt, Percentage Bearing Fixed Interest, Percentage Rate				1.375%
Line of Credit [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount				$ 54,600,000	57,300,000
Due 2049 [Member]
Debt Instrument [Line Items]
Debt Issuance Costs, Gross			$ 12,800,000
Debt Instrument, Face Amount			$ 525,000,000
Debt Instrument, Convertible, Effective Interest Rate				0.75%
Debt Instrument, Convertible, Interest Expense				$ 3,900,000	$ 3,900,000
Uncommitted Credit Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding				$ 0
Long-term Debt, Weighted Average Interest Rate, at Point in Time				2.76%
Sale of Stock, Consideration Received on Transaction		$ 300,000,000
Uncommitted Loan Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Fair Value of Amount Outstanding				$ 0
Sale of Stock, Consideration Received on Transaction	$ 150,000,000
Minimum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 1.03
Debt Instrument, Basis Spread on Variable Rate				1.00%
Maximum [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity							$ 1,250,000,000
Debt Instrument, Basis Spread on Variable Rate				1.625%
U.S. dollar swingline loans [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 75,000,000
Foreign currencies swingline loans [Member] \| Line of Credit [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity				$ 75,000,000
Secured overnight financing rate [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time				3.14%
Debt Instrument, Convertible, Effective Interest Rate				1.00%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Long-term Debt, Weighted Average Interest Rate, at Point in Time				5.50%

Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income before taxes:
Total income before income taxes	$ 322,595	$ 135,675	$ 8,171
United States
Income before taxes:
Total income before income taxes	(12,526)	(4,775)	40,323
Foreign
Income before taxes:
Total income before income taxes	$ 335,121	$ 140,450	$ (32,152)

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
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-Section 25
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-URI https://asc.fasb.org/extlink&oid=126941158&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI https://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

Settlement Assets and Obligations (Tables)

12 Months Ended

Dec. 31, 2022

Settlement Assets and Obligations [Abstract]

Schedule of settlement assets and liabilities

(in thousands)	As of December 31, 2022		As of December 31, 2021
Settlement assets:
Settlement cash and cash equivalents	$	242,621	$	203,624
Settlement restricted cash	94,015		74,897
Account receivables, net of credit loss allowance of $32,989 and $27,341	887,616		619,738
Prepaid expenses and other current assets	218,440		204,130
Total settlement assets	$	1,442,692	$	1,102,389
Settlement obligations:
Trade account payables	$	655,124	$	461,135
Accrued expenses and other current liabilities	787,568		641,254
Total settlement obligations	$	1,442,692	$	1,102,389

Schedule of cash and cash equivalents and restricted cash

	As of
(in thousands)	December 31, 2022		December 31, 2021		December 31, 2020
Cash and cash equivalents	$	1,131,207	$	1,260,466	$	1,420,255
Restricted cash	7,374		3,693		3,334
ATM cash	515,643		543,422		411,054
Settlement cash and cash equivalents	242,621		203,624		188,191
Settlement restricted cash	94,015		74,897		76,674
Cash and cash equivalents and restricted cash at end of period	$	1,990,860	$	2,086,102	$	2,099,508

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Accrued Expenses and Other Current Liabilities [Abstract]
Accrued expenses	$ 311,807	$ 267,638
Other tax payables	80,580	17,460
Derivative liabilities	42,320	23,285
Accrued payroll expenses	67,982	55,162
Current portion of finance lease obligations	2,996	4,147
Accrued expenses and other current liabilities	$ 505,685	$ 367,692

Summary of Significant Accounting Policies and Practices (Details 2) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	$ 3,358,741	$ 2,995,443	$ 2,482,700
EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	924,208	591,138	468,726
epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	998,009	1,011,482	835,517
Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	1,444,304	1,400,957	1,183,849
Europe [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	1,956,491	1,666,118	1,324,766
Europe [Member] \| EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	716,348	420,181	313,953
Europe [Member] \| epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	658,292	669,297	561,514
Europe [Member] \| Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	581,851	576,640	449,299
North America [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	902,745	870,865	778,905
North America [Member] \| EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	69,276	63,368	56,447
North America [Member] \| epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	133,356	139,759	144,613
North America [Member] \| Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	700,113	667,738	577,845
Asia Pacific [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	396,412	370,228	323,643
Asia Pacific [Member] \| EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	133,908	107,020	98,313
Asia Pacific [Member] \| epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	154,993	158,122	100,917
Asia Pacific [Member] \| Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	107,511	105,086	124,413
Other geographic locations [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	110,873	96,366	60,778
Other geographic locations [Member] \| EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	4,676	569	13
Other geographic locations [Member] \| epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	51,368	44,304	28,473
Other geographic locations [Member] \| Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	54,829	51,493	32,292
Eliminations [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues	(7,780)	(8,134)	(5,392)
Eliminations [Member] \| EFT Processing [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues
Eliminations [Member] \| epay [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues
Eliminations [Member] \| Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Revenues

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

(13) Leases

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

The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. The Company recognizes lease expense for these leases on a straight-line basis over the lease term.

Most leases include an option to renew, with renewal terms that can extend the lease terms. The exercise of lease renewal options is at the Company’s sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. The Company also has a unilateral termination right for most of the ATM site leases. The Company evaluated the likelihood of exercising the renewal and termination options beginning with the adoption of the new accounting lease standard on January 1, 2019, concluding: the options were not reasonably certain to be exercised and thus were not considered in determining the lease terms, and associated payment impacts were excluded from lease payments; and termination options were reasonably certain not to be exercised and therefore the stated lease payment schedule of the lease was used to determine the lease term.

During the second quarter of 2020, the impact of the COVID-19 pandemic was a significant event that caused a significant change in circumstances and business plans to manage our portfolio of ATM leases. Specifically, the Company downsized, through the exercise of termination clauses and the reduction of monthly costs by renegotiating payment terms of its ATM leases. The Company's execution of the business plan to renegotiate terms and downsize the portfolio of ATM leases constituted a reassessment event during the second quarter of 2020. The reassessment event required the Company to reevaluate the accounting for the portfolio of ATM leases, including lease terms. Due to the recent increased frequency of ATM site lease terminations, modifications, and greater unpredictability whether or not future lease terminations will be exercised, the Company was no longer able to conclude that termination options are reasonably certain not to be exercised. This reassessment conclusion impacted the lease term evaluation, instead of determining the lease term based on the stated lease payment schedule of the lease, the lease term was evaluated when the Company has the contractual ability to terminate the lease (most leases allow for a termination upon advance notice of between 30 and 90 days), which impacted the amounts recorded as right of use assets and lease liability balances. New, amended, and modified ATM site leases with termination options exercisable within 12 months will be excluded from the right of use lease asset and lease liability balances under the short-term lease exemption.

Payments for ATM site leases with termination options subject to the short-term lease exemption are expensed in the period incurred. The short-term lease expense for 2022 reasonably reflects the Company’s short-term lease commitments. Certain of the Company's lease agreements include variable rental payments based on revenues generated from the use of the leased location and certain leases include rental payments adjusted periodically for inflation. Variable lease payments are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs and are excluded from the right of use assets and lease liabilities balances. The lease agreements do not contain any material residual value guarantees or material restrictive covenants.

Future minimum lease payments

Future minimum lease payments under the operating leases (with initial lease terms in excess of one year) as of December 31, 2022 are:

	As of December 31, 2022
Maturity of Lease Liabilities (in thousands)	Operating Leases (1)
2023	$	47,004
2024	36,508
2025	26,519
2026	18,331
2027	11,510
Thereafter	17,015
Total lease payments		156,887
Less: imputed interest	(4,055		)
Present value of lease liabilities	$	152,832

(1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements.

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

Lease Expense (in thousands)	Income Statement Classification	Year ended December 31,2022		Year ended December 31,2021			Year ended December 31,2020
Operating lease expense	Selling, general and administrative and Direct operating costs	$	51,031	$	55,613	$	83,102
Short-term and variable lease expense	Selling, general and administrative and Direct operating costs		142,613	115,963			69,711
Total lease expense		$	193,644	$	171,576	$	152,813

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 December 31,2022	As of December 31,2021
Weighted- average remaining lease term (years)	4.6	4.9
Weighted- average discount rate	2.27	2.24

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

Other Information (in thousands)	Year ended December 31, 2022		Year ended December 31, 2021			Year ended December 31, 2020
Cash paid for amounts included in the measurement of lease liabilities (a)	$	49,739	$	51,464	$	79,447
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	$	50,032	$	69,073	$	77,728

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

Stock Plans (Tables)

12 Months Ended

Dec. 31, 2022

Stock Plans

Schedule of stock options activity

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (thousands)
Balance at December 31, 2021 (1,466,983 shares exercisable)	4,309,201		$	102.19
Granted	622,722		$	90.31
Exercised	(197,184	)	$	30.11
Forfeited/Canceled	(30,316	)	$	125.52
Expired	(1,018	)	$	23.63
Balance at December 31, 2022	4,703,405		$	103.51	6.9	$	26,045
Exercisable at December 31, 2022	1,514,504		$	91.88	4.4	$	23,497
Vested and expected to vest at December 31, 2022	4,207,661		$	95.72	6.0	$	25,584

Schedule of the fair value using the Black-Scholes-Merton option-pricing model

	Year ended December 31,
	2022			2021			2020
Volatility	42.4		%	39.3		%	35.6		%
Risk-free interest rate - weighted average	3.97		%	1.2		%	0.6		%
Risk-free interest rate - range	3.45% to 3.97		%	0.50% to 1.21		%	0.31% to 1.17		%
Dividend yield	—		%	—		%	—		%
Assumed forfeitures	8.0		%	8.0		%	8.0		%
Expected lives	4.6 years			4.6 years			7.1 years
Weighted-average fair value (per option)	$	37.15		$	39.99		$	48.21

Schedule of restricted stock activity

	Number of Shares		Weighted Average Grant Date Fair Value Per Share
Nonvested at December 31, 2021	535,104		$	127.96
Granted	270,124		$	91.47
Vested	(90,986	)	$	39.99
Forfeited	(37,807	)	$	117.01
Nonvested at December 31, 2022	676,435		$	115.36

Income Taxes (Details 5) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details 5) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 40,990	$ 39,785
Additions based on tax positions related to the current year	6,125	3,815
Additions for tax positions of prior years	258
Reductions for tax positions of prior years	(3,971)	(1,998)
Settlements	(586)
Statute of limitations expiration		(612)
Ending balance	$ 42,816	$ 40,990

Commitments

12 Months Ended

Dec. 31, 2022

Commitments [Abstract]

Commitments

(20) Commitments

As of December 31, 2022, the Company had $83.4 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $3.3 million are collateralized by cash deposits held by the respective issuing banks.

Under certain circumstances, the Company grants guarantees in support of obligations of subsidiaries. As of December 31, 2022, the Company granted off balance sheet guarantees for cash in various ATM networks amounting to $11.1 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $51.9 million over the terms of the agreements with the customers.

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

•

In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for damage to ATMs and theft of ATM network cash that, generally, is not recorded on the Company's Consolidated Balance Sheets. As of December 31, 2022, the balance of such cash used in the Company's ATM networks for which the Company was responsible was approximately $319.8 million. The Company maintains insurance policies to mitigate this exposure;

•

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

•

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

•

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

•

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

•

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

The Company is also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which the Company has money transfer operations. The Company has obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities.

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

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 3,358,741	$ 2,995,443	$ 2,482,700
Operating expenses:
Direct operating costs	2,018,127	1,900,267	1,576,699
Acquired contract cost impairment		38,634
Salaries and benefits	534,238	484,839	404,142
Selling, general and administrative	285,173	251,933	221,614
Goodwill and acquired intangible assets impairment			106,602
Depreciation and amortization	135,864	135,754	127,021
Total operating expenses	2,973,402	2,811,427	2,436,078
Operating income	385,339	184,016	46,622
Other income (expense)
Interest income	2,066	664	1,040
Interest expense	(37,585)	(38,198)	(36,604)
Foreign currency exchange (loss) gain, net	(28,175)	(10,866)	(3,756)
Other gains (losses), net	950	59	869
Other expense, net	(62,744)	(48,341)	(38,451)
Income before income taxes	322,595	135,675	8,171
Income tax expense	(91,853)	(65,088)	(11,475)
Net income (loss)	230,742	70,587	(3,304)
Less: Net loss (income) attributable to noncontrolling interests	252	140	(95)
Net income (loss) attributable to Euronet Worldwide, Inc.	$ 230,994	$ 70,727	$ (3,399)
Earnings (loss) per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ 4.6	$ 1.34	$ (0.06)
Diluted	$ 4.41	$ 1.32	$ (0.06)
Weighted average shares outstanding:
Basic	50,175,614	52,585,674	52,659,551
Diluted	53,463,308	53,529,576	52,659,551

Derivative Instruments and Hedging Activities Fair Value (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Derivative Instruments and Hedging Activities [Abstract]
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Asset at Fair Value	$ 50,248	$ 27,582
Foreign Currency Derivative Instruments Not Designated as Hedging Instruments, Liability at Fair Value	$ (42,320)	$ (23,285)

Settlement Assets and Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Settlement assets:
Settlement cash and cash equivalents	$ 242,621	$ 203,624	$ 188,191
SettlementAssetsRestrictedCash	94,015	74,897	$ 76,674
Account receivables	887,616	619,738
Prepaid expenses and other current assets	218,440	204,130
Total settlement assets	1,442,692	1,102,389
Settlement obligations:
Trade account payables	655,124	461,135
Accrued expenses and other current liabilities	787,568	641,254
Total settlement obligations	$ 1,442,692	$ 1,102,389

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Taxes [Abstract]

Schedule of income before income taxes domestic and foreign

	Year Ended December 31,
(in thousands)	2022			2021			2020
Income before taxes:
United States	$	(12,526	)	$	(4,775	)	$	40,323
Foreign	335,121			140,450			(32,152		)
Total income before income taxes	$	322,595		$	135,675		$	8,171

Schedule of components of income tax expense (benefit)

	Year Ended December 31,
(in thousands)	2022			2021			2020
Current tax expense (benefit):
U.S.	$	3,878		$	2,810		$	2,605
Foreign	80,296			59,874			39,270
Total current	84,174			62,684			41,875
Deferred tax expense (benefit):
U.S.	(7,270		)	12,269			(16,100		)
Foreign	14,949			(9,865		)	(14,300		)
Total deferred	7,679			2,404			(30,400		)
Total tax expense	$	91,853		$	65,088		$	11,475

Schedule of effective income tax rate reconciliation

	Year Ended December 31,
(dollar amounts in thousands)	2022			2021			2020
U.S. federal income tax expense at applicable statutory rate	$	67,745		$	28,492		$	1,716
Tax effect of:
State income tax expense at statutory rates, net of U.S. federal income tax	3,666			1,516			347
Non-deductible expenses	1,698			538			1,887
Share-based compensation	1,930			(3,524		)	(6,446		)
Other permanent differences	(219		)	(2,047		)	3,828
Difference between U.S. federal and foreign tax rates	13,859			7,438			7,002
Provision in excess of statutory rates	3,592			2,879			(6,491		)
Change in federal and foreign valuation allowance	(7,704		)	26,673			(4,238		)
Impairment of goodwill and acquired intangibles assets	—			—			22,053
GILTI, net of tax credits	9,807			3,900			—
Tax credits	(697		)	(1,122		)	(3,518		)
Other	(1,824		)	345			(4,665		)
Total income tax expense	$	91,853		$	65,088		$	11,475
Effective tax rate	28.47		%	48.0		%	140.4		%

Schedule of deferred tax assets and liabilities

	As of December 31,
(in thousands)	2022			2021
Deferred tax assets:
Tax loss carryforwards	$	64,889		$	65,862
Share-based compensation	12,620			9,743
Accrued expenses	23,192			19,907
Property and equipment	10,787			11,949
Goodwill and intangible amortization	8,999			9,353
Contract costs	7,034			9,921
Intercompany notes	17,352			6,077
Accrued revenue	5,073			7,541
Tax credits	64,384			65,267
Lease accounting	40,194			42,381
Foreign exchange	2,704			8,283
Other	7,755			14,616
Total deferred tax assets	264,983			270,900
Valuation allowance	(90,369		)	(100,489		)
Total deferred tax assets, net of valuation allowance	174,614			170,411
Deferred tax liabilities:
Intangible assets related to purchase accounting	(12,067		)	(11,763		)
Goodwill and intangible amortization	(31,716		)	(30,339		)
Accrued expenses	(22,661		)	(21,495		)
Intercompany notes	(14,544		)	(10,388		)
Accrued interest	(26,583		)	(34,175		)
Capitalized research and development	(1,229		)	(6,376		)
Property and equipment	(14,630		)	(15,597		)
Accrued revenue	(2,074		)	(2,073		)
Lease accounting	(40,194		)	(42,381		)
Foreign exchange	(9,773		)	(1,211		)
Other	(3,533		)	(3,971		)
Total deferred tax liabilities	(179,004		)	(179,769		)
Net deferred tax liabilities	$	(4,390	)	$	(9,358	)

Summary of operating loss carryforwards

(in thousands)	Gross		Tax Effected
Year ending December 31,
2023	$	2,244	$	516
2024	2,247		503
2025	16,533		3,872
2026	17,655		4,106
2027	4,781		1,151
Thereafter	18,904		4,941
Unlimited	198,253		46,293
Total	$	260,617	$	61,382

Schedule of reconciliation of beginning and ending amount of unrecognized tax benefits

	Year Ended December 31,
(in thousands)	2022			2021
Beginning balance	$	40,990		$	39,785
Additions based on tax positions related to the current year	6,125			3,815
Additions for tax positions of prior years	258			—
Reductions for tax positions of prior years	(3,971		)	(1,998		)
Settlements	(586		)	—
Statute of limitations expiration	—			(612		)
Ending balance	$	42,816		$	40,990

Schedule of income tax examinations

Jurisdictions	Periods
U.S. (Federal)	2014 through 2022
Germany	2016 through 2022
Greece	2013 through 2022
Spain	2015 through 2022
U.K.	2018 through 2022

Settlement Assets and Obligations (Details Textual) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Settlement Assets and Obligations [Abstract]
Account receivables, net of credit loss allowance	$ 32,989	$ 27,341