CSG Systems International (CSGS) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Aug. 02, 2019
Document And Entity Information [Abstract]
Entity Registrant Name	CSG SYSTEMS INTERNATIONAL INC
Entity Central Index Key	0001005757
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Trading Symbol	CSGS
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		33,007,698
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	0-27512
Entity Tax Identification Number	47-0783182
Entity Address, Address Line One	6175 S. Willow Drive
Entity Address, Address Line Two	10th Floor
Entity Address, City or Town	Greenwood Village
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80111
City Area Code	(303)
Local Phone Number	200-2000
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Title of 12(b) Security	Common Stock, Par Value $0.01 Per Share
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 113,777	$ 139,277
Short-term investments	17,674	23,603
Total cash, cash equivalents and short-term investments	131,451	162,880
Settlement assets	88,575	124,627
Trade accounts receivable:
Billed, net of allowance of $2,861 and $3,115	265,795	235,827
Unbilled	39,275	37,227
Income taxes receivable	7,206	6,720
Other current assets	40,326	32,286
Total current assets	572,628	599,567
Non-current assets:
Property and equipment, net of depreciation of $102,018 and $93,278	84,354	81,813
Operating lease right-of-use assets	94,028
Intangible assets	93,552	101,856
Goodwill	256,890	255,816
Client contract costs, net of amortization of $30,169 and $43,051	39,724	37,289
Deferred income taxes	10,442	11,087
Other assets	28,099	26,934
Total non-current assets	607,089	514,795
Total assets	1,179,717	1,114,362
Current liabilities:
Current portion of long-term debt	8,438	7,500
Operating lease liabilities	22,279
Client deposits	36,369	36,889
Trade accounts payable	44,874	45,386
Accrued employee compensation	51,434	61,107
Settlement liabilities	87,194	123,613
Deferred revenue	48,277	40,236
Income taxes payable	430	218
Other current liabilities	36,289	35,442
Total current liabilities	335,584	350,391
Non-current liabilities:
Long-term debt, net of unamortized discounts of $12,327 and $14,549	349,860	352,326
Operating lease liabilities	77,993
Deferred revenue	15,463	17,527
Income taxes payable	2,684	2,284
Deferred income taxes	11,204	8,205
Other non-current liabilities	12,605	22,605
Total non-current liabilities	469,809	402,947
Total liabilities	805,393	753,338
Stockholders' equity:
Preferred stock, par value $.01 per share; 10,000 shares authorized; zero shares issued and outstanding
Common stock, par value $.01 per share; 100,000 shares authorized; 33,062 and 33,158 shares outstanding	696	693
Common stock warrants; 439 warrants vested; 1,425 issued	9,082	9,082
Additional paid-in capital	446,512	441,417
Treasury stock, at cost; 35,172 and 34,779 shares	(858,186)	(842,360)
Accumulated other comprehensive income (loss):
Unrealized gain on short-term investments, net of tax	30	2
Cumulative foreign currency translation adjustments	(42,908)	(42,937)
Accumulated earnings	819,098	795,127
Total stockholders' equity	374,324	361,024
Total liabilities and stockholders' equity	1,179,717	1,114,362
Software
Non-current assets:
Intangible assets	33,322	36,400
Acquired client contracts
Non-current assets:
Intangible assets	$ 60,230	$ 65,456

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Trade accounts receivable-billed, allowance	$ 2,861	$ 3,115
Property and equipment, accumulated depreciation	102,018	93,278
Intangibles, accumulated amortization	210,201	202,073
Client contract costs, accumulated amortization	30,169	43,051
Long-term debt, unamortized discounts	$ 12,327	$ 14,549
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	33,062,000	33,158,000
Common stock warrants, vested	439,000	439,000
Common stock warrants, issued	1,425,000	1,425,000
Treasury stock, shares	35,172,000	34,779,000
Software
Intangibles, accumulated amortization	$ 122,441	$ 119,381
Acquired client contracts
Intangibles, accumulated amortization	$ 87,760	$ 82,692

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Income Statement [Abstract]
Revenues	$ 245,856	$ 213,033	$ 490,649	$ 414,737
Cost of revenues (exclusive of depreciation, shown separately below)	132,234	109,492	261,197	210,588
Other operating expenses:
Research and development	30,645	30,953	63,236	60,332
Selling, general and administrative	45,372	40,624	91,290	81,272
Depreciation	5,441	4,548	10,554	8,462
Restructuring and reorganization charges	1,826	3,329	1,941	4,229
Total operating expenses	215,518	188,946	428,218	364,883
Operating income	30,338	24,087	62,431	49,854
Other income (expense):
Interest expense	(4,498)	(4,480)	(9,058)	(8,746)
Amortization of original issue discount	(700)	(661)	(1,390)	(1,313)
Interest and investment income, net	417	770	936	1,581
Loss on extinguishment of debt				(810)
Other, net	1,280	1,008	(231)	362
Total other	(3,501)	(3,363)	(9,743)	(8,926)
Income before income taxes	26,837	20,724	52,688	40,928
Income tax provision	(7,458)	(5,607)	(14,058)	(11,797)
Net income	$ 19,379	$ 15,117	$ 38,630	$ 29,131
Weighted-average shares outstanding:
Basic	32,093	32,589	32,111	32,558
Diluted	32,458	32,908	32,448	33,005
Earnings per common share:
Basic	$ 0.60	$ 0.46	$ 1.20	$ 0.89
Diluted	$ 0.60	$ 0.46	$ 1.19	$ 0.88

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 19,379	$ 15,117	$ 38,630	$ 29,131
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(3,818)	(16,231)	29	(8,521)
Unrealized holding gain (loss) on short-term investments arising during period	10	68	28	(26)
Other comprehensive income (loss), net of tax	(3,808)	(16,163)	57	(8,547)
Total comprehensive income (loss), net of tax	$ 15,571	$ (1,046)	$ 38,687	$ 20,584

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock	Common Stock Warrants	Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Accumulated Earnings
Balance, beginning of period at Dec. 31, 2017	$ 342,746	$ 689	$ 9,082	$ 427,091	$ (814,732)	$ (28,822)	$ 749,438
Balance, beginning of period, shares at Dec. 31, 2017		33,516
Net income							14,014
Unrealized gain (loss) on short-term investments, net of tax						(94)
Foreign currency translation adjustments						7,710
Total comprehensive income (loss), net of tax	21,630
Repurchase of common stock	(11,920)			(6,218)	(5,702)
Repurchase of common stock, shares		(255)
Issuance of common stock pursuant to employee stock purchase plan	484			484
Issuance of common stock pursuant to employee stock purchase plan, shares		14
Issuance of restricted common stock pursuant to stock-based compensation plans		$ 4		(4)
Issuance of restricted common stock pursuant to stock-based compensation plans, shares		458
Cancellation of restricted common stock issued pursuant to stock-based compensation plans		$ (1)		1
Cancellation of restricted common stock issued pursuant to stock-based compensation plans, shares		(59)
Stock-based compensation expense	4,572			4,572
Declaration of cash dividends	(6,999)						(6,999)
Adjustments due to adoption of new accounting standards	7,562						7,562
Balance, ending of period at Mar. 31, 2018	358,075	$ 692	9,082	425,926	(820,434)	(21,206)	764,015
Balance, ending of period, shares at Mar. 31, 2018		33,674
Balance, beginning of period at Dec. 31, 2017	342,746	$ 689	9,082	427,091	(814,732)	(28,822)	749,438
Balance, beginning of period, shares at Dec. 31, 2017		33,516
Net income	29,131
Unrealized gain (loss) on short-term investments, net of tax	(26)
Foreign currency translation adjustments	(8,521)
Total comprehensive income (loss), net of tax	20,584
Balance, ending of period at Jun. 30, 2018	349,860	$ 692	9,082	431,450	(826,066)	(37,369)	772,071
Balance, ending of period, shares at Jun. 30, 2018		33,561
Balance, beginning of period at Mar. 31, 2018	358,075	$ 692	9,082	425,926	(820,434)	(21,206)	764,015
Balance, beginning of period, shares at Mar. 31, 2018		33,674
Net income	15,117						15,117
Unrealized gain (loss) on short-term investments, net of tax	68					68
Foreign currency translation adjustments	(16,231)					(16,231)
Total comprehensive income (loss), net of tax	(1,046)
Repurchase of common stock	(6,399)			(767)	(5,632)
Repurchase of common stock, shares		(153)
Issuance of common stock pursuant to employee stock purchase plan	650			650
Issuance of common stock pursuant to employee stock purchase plan, shares		18
Issuance of restricted common stock pursuant to stock-based compensation plans, shares		41
Cancellation of restricted common stock issued pursuant to stock-based compensation plans, shares		(19)
Stock-based compensation expense	5,641			5,641
Declaration of cash dividends	(7,061)						(7,061)
Balance, ending of period at Jun. 30, 2018	349,860	$ 692	9,082	431,450	(826,066)	(37,369)	772,071
Balance, ending of period, shares at Jun. 30, 2018		33,561
Balance, beginning of period at Dec. 31, 2018	$ 361,024	$ 693	9,082	441,417	(842,360)	(42,935)	795,127
Balance, beginning of period, shares at Dec. 31, 2018	33,158	33,158
Net income							19,251
Unrealized gain (loss) on short-term investments, net of tax						18
Foreign currency translation adjustments						3,847
Total comprehensive income (loss), net of tax	$ 23,116
Repurchase of common stock	(13,424)			(4,134)	(9,290)
Repurchase of common stock, shares		(352)
Issuance of common stock pursuant to employee stock purchase plan	512			512
Issuance of common stock pursuant to employee stock purchase plan, shares		15
Issuance of restricted common stock pursuant to stock-based compensation plans		$ 4		(4)
Issuance of restricted common stock pursuant to stock-based compensation plans, shares		462
Cancellation of restricted common stock issued pursuant to stock-based compensation plans, shares		(3)
Stock-based compensation expense	3,693			3,693
Declaration of cash dividends	(7,411)						(7,411)
Balance, ending of period at Mar. 31, 2019	367,510	$ 697	9,082	441,484	(851,650)	(39,070)	806,967
Balance, ending of period, shares at Mar. 31, 2019		33,280
Balance, beginning of period at Dec. 31, 2018	$ 361,024	$ 693	9,082	441,417	(842,360)	(42,935)	795,127
Balance, beginning of period, shares at Dec. 31, 2018	33,158	33,158
Net income	$ 38,630
Unrealized gain (loss) on short-term investments, net of tax	28
Foreign currency translation adjustments	29
Total comprehensive income (loss), net of tax	38,687
Balance, ending of period at Jun. 30, 2019	$ 374,324	$ 696	9,082	446,512	(858,186)	(42,878)	819,098
Balance, ending of period, shares at Jun. 30, 2019	33,062	33,062
Balance, beginning of period at Mar. 31, 2019	$ 367,510	$ 697	9,082	441,484	(851,650)	(39,070)	806,967
Balance, beginning of period, shares at Mar. 31, 2019		33,280
Net income	19,379						19,379
Unrealized gain (loss) on short-term investments, net of tax	10					10
Foreign currency translation adjustments	(3,818)					(3,818)
Total comprehensive income (loss), net of tax	15,571
Repurchase of common stock	(6,919)			(383)	(6,536)
Repurchase of common stock, shares		(148)
Issuance of common stock pursuant to employee stock purchase plan	603			603
Issuance of common stock pursuant to employee stock purchase plan, shares		15
Issuance of restricted common stock pursuant to stock-based compensation plans, shares		6
Cancellation of restricted common stock issued pursuant to stock-based compensation plans		$ (1)		1
Cancellation of restricted common stock issued pursuant to stock-based compensation plans, shares		(91)
Stock-based compensation expense	4,807			4,807
Declaration of cash dividends	(7,248)						(7,248)
Balance, ending of period at Jun. 30, 2019	$ 374,324	$ 696	$ 9,082	$ 446,512	$ (858,186)	$ (42,878)	$ 819,098
Balance, ending of period, shares at Jun. 30, 2019	33,062	33,062

CONDENSED CONSOLIDATED STATEM_4

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Cash flows from operating activities:
Net income	$ 38,630	$ 29,131
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	10,554	8,462
Amortization	24,625	20,957
Amortization of original issue discount	1,390	1,313
Asset impairment	365	1,001
Gain on short-term investments and other	(170)	(108)
Loss on extinguishment of debt		810
Deferred income taxes	4,181	4,944
Stock-based compensation	8,500	10,213
Changes in operating assets and liabilities, net of acquired amounts:
Trade accounts receivable, net	(31,751)	(11,369)
Other current and non-current assets and liabilities	(16,222)	(13,995)
Income taxes payable/receivable	(315)	1,828
Trade accounts payable and accrued liabilities	(17,328)	(27,772)
Deferred revenue	5,970	799
Net cash provided by operating activities	28,429	26,214
Cash flows from investing activities:
Purchases of software, property and equipment	(17,858)	(26,715)
Purchases of short-term investments	(22,542)	(44,345)
Proceeds from sale/maturity of short-term investments	28,753	116,866
Acquisition of and investments in business, net of cash acquired	(4,000)	(68,636)
Net cash used in investing activities	(15,647)	(22,830)
Cash flows from financing activities:
Proceeds from issuance of common stock	1,115	1,134
Payment of cash dividends	(14,808)	(14,375)
Repurchase of common stock	(20,741)	(18,319)
Proceeds from long-term debt		150,000
Payments on long-term debt	(3,750)	(121,875)
Payments of deferred financing costs		(1,490)
Net cash used in financing activities	(38,184)	(4,925)
Effect of exchange rate fluctuations on cash	(98)	(1,031)
Net decrease in cash and cash equivalents	(25,500)	(2,572)
Cash and cash equivalents, beginning of period	139,277	122,243
Cash and cash equivalents, end of period	113,777	119,671
Cash paid during the period for:
Interest	8,110	7,744
Income taxes	$ 10,244	$ 4,778

General

General	6 Months Ended
	Jun. 30, 2019
Organization Consolidation And Presentation Of Financial Statements [Abstract]
General	1. GENERAL We have prepared the accompanying unaudited condensed consolidated financial statements as of June 30, 2019 and December 31, 2018, and for the quarters and six months ended June 30, 2019 and 2018, in accordance with accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) for interim financial information, and pursuant to the instructions to Form 10-Q and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of our management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position and operating results have been included. The unaudited Condensed Consolidated Financial Statements (the “Financial Statements”) should be read in conjunction with the Consolidated Financial Statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), contained in our Annual Report on Form 10-K for the year ended December 31, 2018 (our “2018 10-K”), filed with the SEC. The results of operations for the quarter and six months ended June 30, 2019 are not necessarily indicative of the expected results for the entire year ending December 31, 2019.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates in Preparation of Financial Statements. The preparation of the accompanying Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our Financial Statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Revenues. The majority of our future revenues is related to our cloud and related solution client contracts that include variable consideration dependent upon a series of monthly volumes and/or daily usage of services and have contractual terms ending from 2019 through 2028. As of June 30, 2019, our aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $501 million, which is made up of fixed fee consideration and guaranteed minimums expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied). We expect to recognize approximately 90% of this amount by the end of 2021, with the remaining amount recognized by the end of 2028. We have excluded from this amount variable consideration expected to be recognized in the future related to performance obligations that are unsatisfied. The nature, amount, timing and uncertainty of our revenues and how revenues and cash flows are affected by economic factors is most appropriately depicted by type of revenues and by geographic region (using the location of the client as the basis of attributing revenues to the individual regions) as follows (in thousands): Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Cloud and related solutions $ 222,183 $ 187,401 $ 441,773 $ 364,917 Software and services 12,173 13,331 25,201 25,290 Maintenance 11,500 12,301 23,675 24,530 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737 Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Americas (principally the U.S.) $ 214,390 $ 180,217 $ 425,120 $ 350,120 Europe, Middle East, and Africa 22,606 21,977 47,232 42,411 Asia Pacific 8,860 10,839 18,297 22,206 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737 Deferred revenue recognized during the quarter and six months ended June 30, 2019 was $11.3 million and $29.8 million, respectively. Cash and Cash Equivalents. We consider all highly liquid investments with original maturities of three months or less at the date of the purchase to be cash equivalents. As of June 30, 2019 and December 31, 2018, our cash equivalents consist primarily of institutional money market funds, commercial paper, and time deposits held at major banks. As of June 30, 2019 and December 31, 2018, we had $3.1 million and $3.0 million, respectively, of restricted cash that serves to collateralize outstanding letters of credit. This restricted cash is included in cash and cash equivalents in our Condensed Consolidated Balance Sheets (“Balance Sheets” or “Balance Sheet”). Short-term Investments and Other Financial Instruments . Our financial instruments as of June 30, 2019 and December 31, 2018 include cash and cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. Because of their short maturities, the carrying amounts of cash equivalents, accounts receivable, and accounts payable approximate their fair value. Our short-term investments and certain of our cash equivalents are considered “available-for-sale” and are reported at fair value in our Balance Sheets, with unrealized gains and losses, net of the related income tax effect, excluded from earnings and reported in a separate component of stockholders’ equity. Realized and unrealized gains and losses were not material in any period presented. Primarily all short-term investments held by us as of June 30, 2019 and December 31, 2018 have contractual maturities of less than two years from the time of acquisition. Our short-term investments as of June 30, 2019 and December 31, 2018 consisted almost entirely of fixed income securities. Proceeds from the sale/maturity of short-term investments for the six months ended June 30, 2019 and 2018 were $28.8 million and $116.9 million, respectively. Our short-term investments as of June 30, 2019 and December 31, 2018 were $17.7 million and $23.6 million, respectively. The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets measured at fair value (in thousands): June 30, 2019 December 31, 2018 Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents: Money market funds $ 4,254 $ — $ 4,254 $ 4,392 $ — $ 4,392 Commercial paper — 10,626 10,626 — 9,078 9,078 Short-term investments: Corporate debt securities — 12,834 12,834 — 16,357 16,357 U.S. government agency bonds — 650 650 — 3,724 3,724 Asset-backed securities — 4,190 4,190 — 3,522 3,522 Total $ 4,254 $ 28,300 $ 32,554 $ 4,392 $ 32,681 $ 37,073 Valuation inputs used to measure the fair values of our money market funds and corporate equity securities were derived from quoted market prices. The fair values of all other financial instruments are based upon pricing provided by third-party pricing services. These prices were derived from observable market inputs. We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value (par value for convertible debt) and estimated fair value of our debt as of the indicated periods (in thousands): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Value Value Value Value 2018 Credit Agreement (carrying value including current maturities) $ 140,625 $ 140,625 $ 144,375 $ 144,375 2016 Convertible debt (par value) 230,000 254,438 230,000 228,275 The fair value for our credit agreement was estimated using a discounted cash flow methodology, while the fair value for our convertible debt was estimated based upon quoted market prices or recent sales activity, both of which are considered Level 2 inputs. Equity Method Investment. During the six months ended June 30, 2019, we made an additional $4 million investment in a payment technology and services company that enables omni-channel digital payments in Latin America. As of June 30, 2019, we held an 8% noncontrolling interest with a carrying value of $6.7 million. Accounting Pronouncements Adopted. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize a right-of-use asset and lease liability for all leases, including operating leases, with a term greater than twelve months on its balance sheet. This ASU is effective for annual and interim periods beginning after December 31, 2018. An entity is required to use a modified retrospective transition approach, but may choose to use either the effective date or the beginning of the earliest comparative period presented in its financial statements as of the date of initial application. We adopted this ASU in January 2019, utilizing the effective date method of transition. Since we adopted this ASU utilizing the effective date method, prior period information in our Financial Statements has not been adjusted and continues to be as previously reported. We elected the package of practical expedients permitted under the transition guidance within the new standard. Additionally, we updated our polices to align with the new accounting guidance and our processes to ensure that we properly account for new, existing, and modifications to leases subsequent to the adoption of the ASU. In conjunction with the adoption of this ASU we recorded additional assets and liabilities of approximately $80 million related to the right-of-use assets and lease liabilities, and have included the amortization of the right-of-use-assets and the accretion and payments of lease liabilities in the changes in other current and non-current assets and liabilities and in the changes in trade accounts payable and accrued liabilities, respectively, on our Statement of Cash Flows.

Long-Lived Assets

Long-Lived Assets	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Long-Lived Assets	3. LONG-LIVED ASSETS Goodwill. The changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows (in thousands): January 1, 2019 balance $ 255,816 Adjustments related to prior acquisitions 1,333 Effects of changes in foreign currency exchange rates (259 ) June 30, 2019 balance $ 256,890 Other Intangible Assets. Our intangible assets subject to ongoing amortization consist primarily of acquired client contracts and software. As of June 30, 2019 and December 31, 2018, the carrying values of these assets were as follows (in thousands): June 30, 2019 December 31, 2018 Gross Gross Carrying Accumulated Net Carrying Accumulated Net Amount Amortization Amount Amount Amortization Amount Acquired client contracts $ 147,990 $ (87,760 ) $ 60,230 $ 148,148 $ (82,692 ) $ 65,456 Software 155,763 (122,441 ) 33,322 155,781 (119,381 ) 36,400 Total intangible assets $ 303,753 $ (210,201 ) $ 93,552 $ 303,929 $ (202,073 ) $ 101,856 The total amortization expense related to other intangible assets for the second quarters of 2019 and 2018 were $5.8 million and $4.8 million, respectively, and for the six months ended June 30, 2019 and 2018 were $11.4 million and $8.8 million, respectively. Based on the June 30, 2019 net carrying value of our other intangible assets, the estimated total amortization expense for each of the five succeeding fiscal years ending December 31 are: 2019 – $22.9 million; 2020 – $19.2 million; 2021 – $13.9 million; 2022 – $11.6 million; and 2023 – $8.3 million. Client Contract Costs . As of June 30, 2019 and December 31, 2018, the carrying values of our client contract cost assets, related to those contracts with a contractual term greater than one year, were as follows (in thousands): June 30, 2019 December 31, 2018 Gross Gross Carrying Accumulated Net Carrying Accumulated Net Amount Amortization Amount Amount Amortization Amount Client contract costs $ 69,893 $ (30,169 ) $ 39,724 $ 80,340 $ (43,051 ) $ 37,289 The total amortization expense related to client contract costs for the second quarters of 2019 and 2018 were $6.4 million and $5.8 million, respectively, and for the six months ended June 30, 2019 and 2018 were $12.4 million and $11.3 million, respectively.

Debt

Debt	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt	4. DEBT Our long-term debt, as of June 30, 2019 and December 31, 2018, was as follows (in thousands): June 30, December 31, 2019 2018 2018 Credit Agreement: Term loan, due March 2023, interest at adjusted LIBOR plus 1.5% (combined rate of 3.83% at June 30, 2019 and 4.30% at December 31, 2018) $ 140,625 $ 144,375 Less – deferred financing costs (1,997 ) (2,281 ) 2018 term loan, net of unamortized discounts 138,628 142,094 $200 million revolving loan facility, due March 2023, interest at adjusted LIBOR plus applicable margin — — Convertible Notes: 2016 Convertible Notes – Senior convertible notes; due March 15, 2036; cash interest at 4.25% 230,000 230,000 Less – unamortized original issue discount (7,434 ) (8,823 ) Less – deferred financing costs (2,896 ) (3,445 ) 2016 Convertible Notes, net of unamortized discounts 219,670 217,732 Total debt, net of unamortized discounts 358,298 359,826 Current portion of long-term debt, net of unamortized discounts (8,438 ) (7,500 ) Long-term debt, net of unamortized discounts $ 349,860 $ 352,326 2018 Credit Agreement During the six months ended June 30, 2019, we made $3.8 million of principal repayments on our $150 million aggregate principal five-year term loan (the “2018 Term Loan”). As of June 30, 2019, our interest rate on the 2018 Term Loan is 3.83% (adjusted LIBOR plus 1.50% per annum), effective through September 2019, and our commitment fee on the unused $200 million aggregate principal five-year revolving loan facility (the “2018 Revolver”) is 0.20%. As of June 30, 2019, we had no borrowings outstanding on our 2018 Revolver and had the entire $200.0 million available to us. The interest rates under the 2018 Credit Agreement are based upon our choice of an adjusted LIBOR rate plus an applicable margin of 1.50% – 2.50%, or an alternate base rate plus an applicable margin of 0.50% – 1.50%, with the applicable margin, depending on our then-net secured total leverage ratio. We will pay a commitment fee of 0.200% – 0.375% of the average daily unused amount of the 2018 Revolver, with the commitment fee rate also dependent upon our then-net secured total leverage ratio. If the LIBOR rate is no longer available, then our interest rate under the Credit Agreement will be determined by the alternate base rate plus an applicable margin as discussed above. 2016 Convertible Notes Upon conversion of the 2016 Convertible Notes, we will settle our conversion obligation by paying or delivering, as the case may be, cash, shares of our common stock, or a combination thereof, at our election. It is our current intent and policy to settle our conversion obligations as follows: (i) pay cash for 100% of the par value of the 2016 Convertible Notes that are converted; and (ii) to the extent the value of our conversion obligation exceeds the par value, we can satisfy the remaining conversion obligation in cash, shares of our common stock, or a combination thereof, at our election. The 2016 Convertible Notes will be convertible at the option of the note holders upon the satisfaction of specified conditions and during certain periods. During the period from, and including, December 15, 2021 to the close of business on the business day immediately preceding March 15, 2022 and on or after December 15, 2035, holders may convert all or any portion of their 2016 Convertible Notes at the conversion rate then in effect at any time regardless of these conditions. As a result of our quarterly dividend in June 2019 (see Note 8), the previous conversion rate for the 2016 Convertible Notes of 17.5457 shares of our common stock per $1,000 principal amount of the 2016 Convertible Notes, which is equivalent to an initial conversion price of approximately $56.99 per share of our common stock, has been adjusted to 17.5604 shares of our common stock per $1,000 principal amount of the 2016 Convertible Notes, which is equivalent to an initial conversion price of approximately $56.95 per share of our common stock. Holders may require us to repurchase the 2016 Convertible Notes for cash on each of March 15, 2022, March 15, 2026, and March 15, 2031, or upon the occurrence of a fundamental change (as defined in the 2016 Convertible Notes Indenture) in each case at a pu rchase price equal to the principal amount thereof plus accrued and unpaid interest. We may not redeem the 2016 Convertible Notes prior to March 20, 2020. On or after March 20, 2020, we may redeem for cash all or part of the 2016 Convertible Notes if the last reported sale price of our 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 we provide notice of redemption. On or after March 15, 2022, we may redeem for cash all or part of the 2016 Convertible Notes regardless of the sales price condition described in the preceding sentence. In each case, the redemption price will equal the principal amount of the 2016 Convertible Notes to be redeemed, plus accrued and unpaid interest. As of June 30, 2019, none of the conversion features have been achieved, and thus, the 2016 Convertible Notes are not convertible by the holders.

Leases

Leases	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Leases	5. LEASES We have operating leases for: (i) real estate which include both office space and statement production and mailing facilities; (ii) our outsourced data center environment; and (iii) operating equipment. Our leases have remaining terms of up to eight years, some of which include options to extend the leases for up to an additional ten years. For leases commencing prior to 2019, we used the noncancelable term to calculate the related right-of-use asset and corresponding lease liability. The exercise of lease renewal options is at our sole discretion. Additionally, certain of our leases include payments that are adjusted periodically for inflation. We have made an accounting policy election not to recognize on our balance sheet, leases with an initial term of twelve months or less, for any class of underlying asset. We have also made an election for real estate leases beginning in 2019 and later, not to separate the lease and non-lease components, but rather account for the entire arrangement as a single lease component (a practical expedient allowed under ASC 842). For our outsourced data center environment agreement, we have concluded that there are lease and non-lease components, and have allocated the consideration in the agreement on a relative stand-alone price basis. Due to the significant assumptions and judgements required in accounting for leases (to include whether a contract contains a lease, the allocation of the consideration, and the determination of the discount rate), the judgements and estimates made could have a significant effect on the amount of assets and liabilities recognized. We sublease certain of our leased real estate to third parties. These subleases have remaining lease terms of up to four years and certain subleases have renewal terms that can extend the lease for up to an additional two years. The components of lease expense were as follows (in thousands): Quarter Ended Six Months Ended June 30, 2019 June 30, 2019 Operating lease expense $ 5,864 $ 11,163 Variable lease expense 1,284 2,207 Short-term lease expense 151 291 Sublease income (421 ) (833 ) Total net lease expense $ 6,878 $ 12,828 Other information related to leases was as follows (in thousands, except term and discount rate): Six Months Ended June 30, 2019 Supplemental Cash Flows Information: Cash paid for amounts included in the measurement of operating lease liabilities $ 11,016 Right-of-use assets obtained in exchange for new operating lease liabilities 21,452 Weighted-average remaining lease term – operating leases 59 months Weighted-average discount rate – operating leases 4.60 % Future minimum lease payments under non-cancelable leases as of June 30, 2019 were as follows (in thousands): 2019 (excluding the six months ended June 30, 2019) $ 14,154 2020 24,743 2021 24,136 2022 18,248 2023 12,015 Thereafter 20,104 Total future minimum lease payments (1) 113,400 Less: Interest (2) (13,128 ) Total $ 100,272 Current operating lease liabilities $ 22,279 Non-current operating lease liabilities 77,993 Total $ 100,272 (1) For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components. (2) We used our in-country, currency adjusted incremental borrowing rate for the discount rate for the leases at adoption date, and will use the same approach for all leases commencing thereafter. As of June 30, 2019, we have two operating leases for office space that have not yet commenced of approximately $24 million. These operating leases will commence during 2019 and 2020 with leases term through 2021 and 2031, respectively. Future minimum lease payments under non-cancelable leases as of December 31, 2018 were as follows: 2019 – $16.6 million; 2020 – $14.1 million; 2021 – $13.1 million; 2022 – $11.5 million; 2023 – $9.6 million; and thereafter – $14.7 million.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	6 Months Ended
	Jun. 30, 2019
Commitments And Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	6. COMMITMENTS, GUARANTEES AND CONTINGENCIES Warranties. We generally warrant that our solutions and related offerings will conform to published specifications, or to specifications provided in an individual client arrangement, as applicable. The typical warranty period is 90 days from the date of acceptance of the solution or offering. For certain service offerings we provide a warranty for the duration of the services provided. We generally warrant that services will be performed in a professional and workmanlike manner. The typical remedy for breach of warranty is to correct or replace any defective deliverable, and if not possible or practical, we will accept the return of the defective deliverable and refund the amount paid under the client arrangement that is allocable to the defective deliverable. Our contracts also generally contain limitation of damages provisions in an effort to reduce our exposure to monetary damages arising from breach of warranty claims. Historically, we have incurred minimal warranty costs, and as a result, do not maintain a warranty reserve. Product and Services Indemnifications. Our arrangements with our clients generally include an indemnification provision that will indemnify and defend a client in actions brought against the client that claim our products and/or services infringe upon a copyright, trade secret, or valid patent. Historically, we have not incurred any significant costs related to such indemnification claims, and as a result, do not maintain a reserve for such exposure. Claims for Company Non-performance. Our arrangements with our clients typically cap our liability for breach to a specified amount of the direct damages incurred by the client resulting from the breach. From time-to-time, these arrangements may also include provisions for possible liquidated damages or other financial and contractual remedies for our non-performance, or in the case of certain of our outsourced customer care and billing solutions, provisions for damages related to service level performance requirements. The service level performance requirements typically relate to system availability and timeliness of service delivery. Historically, we have not incurred significant costs associated with service level performance within our client contracts, and as a result, do not include estimates for potential credits or refunds related to service level performance in our contract consideration at the onset of the contract, but instead, account for credits or refunds as an adjustment to the contract consideration as those events occur. Indemnifications Related to Officers and the Board of Directors. We have agreed to indemnify members of our Board of Directors (the “Board”) and certain of our officers if they are named or threatened to be named as a party to any proceeding by reason of the fact that they acted in such capacity. We maintain directors’ and officers’ (D&O) insurance coverage to protect against such losses. We have not historically incurred any losses related to these types of indemnifications, and are not aware of any pending or threatened actions or claims against any officer or member of our Board. As a result, we have not recorded any liabilities related to such indemnifications as of June 30, 2019 . In addition, as a result of the insurance policy coverage, we believe these indemnification agreements are not significant to our results of operations. Prior Year Acquisition. On October 1, 2018, we acquired Forte, a leading provider of advanced payment solutions headquartered in Allen, Texas. We acquired 100% of the equity of Forte for a purchase price of approximately $93 million, (approximately $85 million, excluding cash acquired), of which approximately $13 million of the purchase price was held back subject to certain tax filings, and was paid out in July 2019. The purchase agreement also includes provisions for $18.8 million of potential future earn-out payments over a four-year measurement period. The earn-out payments are tied to performance-based goals and a defined service period by the eligible recipients and is being accounted for as post-acquisition compensation. As of June 30, 2019, we have accrued $2.5 million related to the potential earn-out payments. The estimated fair values of assets acquired and liabilities assumed for the Forte acquisition were considered provisional as of June 30, 2019, as we were awaiting resolution of the tax filings to complete the accounting for deferred income taxes. In July 2019, the income tax matter was resolved. Legal Proceedings. From time-to-time, we are involved in litigation relating to claims arising out of our operations in the normal course of business. We are not presently a party to any material pending or threatened legal proceedings.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Earnings Per Common Share	7. EARNINGS PER COMMON SHARE Basic and diluted earnings per common share (“EPS”) amounts are presented on the face of the accompanying Income Statements. No reconciliation of the basic and diluted EPS numerators is necessary as net income is used as the numerators for all periods presented. The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (in thousands): Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Basic weighted-average common shares 32,093 32,589 32,111 32,558 Dilutive effect of restricted common stock 182 156 178 274 Dilutive effect of Stock Warrants 183 163 159 173 Diluted weighted-average common shares 32,458 32,908 32,448 33,005 The Convertible Notes have a dilutive effect only in those quarterly periods in which our average stock price exceeds the current effective conversion price (see Note 4). The stock warrants have a dilutive effect only in those quarterly periods in which our average stock price exceeds the exercise price of $26.68 per warrant (under the treasury stock method), and are not subject to performance vesting conditions (see Note 8). Potentially dilutive common shares related to non-participating unvested restricted stock excluded from the computation of diluted EPS, as the effect was antidilutive, were not material in any period presented.

Stockholders' Equity and Equity

Stockholders' Equity and Equity Compensation Plans	6 Months Ended
	Jun. 30, 2019
Stockholders Equity Note [Abstract]
Stockholders' Equity and Equity Compensation Plans	8. STOCKHOLDERS’ EQUITY AND EQUITY COMPENSATION PLANS Stock Repurchase Program. We currently have a stock repurchase program, approved by our Board, authorizing us to repurchase our common stock from time-to-time as market and business conditions warrant (the “Stock Repurchase Program”). During the second quarters of 2019 and 2018, we repurchased 0.1 million shares of our common stock for $6.5 million (weighted-average price of $45.39 per share) and 0.1 million shares of our common stock for $5.6 million (weighted-average price of $42.79 per share), respectively, and during the six months ended June 30, 2019 and 2018, we repurchased 0.4 million shares of our common stock for $15.8 million (weighted-average price of $40.31 per share) and 0.3 million shares of our common stock for $11.3 million (weighted-average price of $44.25 per share), respectively, under a SEC Rule 10b5-1 Plan. As of June 30, 2019, the total remaining number of shares available for repurchase under the Stock Repurchase Program totaled 5.1 million shares. Stock Repurchases for Tax Withholdings. In addition to the above-mentioned stock repurchases, during the second quarters of 2019 and 2018, we repurchased and then cancelled approximately 4,000 shares of common stock for $0.4 million and approximately 19,000 shares of common stock for $0.8 million, respectively, and during the six months ended June 30, 2019 and 2018, we repurchased and then cancelled approximately 108,000 shares of common stock for $4.5 million and approximately 149,000 shares of common stock for $7.0 million, respectively, in connection with minimum tax withholding requirements resulting from the vesting of restricted common stock under our stock incentive plans. Cash During the second quarter of 2019, the Board approved a quarterly cash dividend of $0.2225 per share of common stock, totaling $7.4 million. During the second quarter of 2018, the Board approved a quarterly cash dividend of $0.21 per share of common stock, totaling $7.1 million. Dividends declared for the six months ended June 30, 2019 and 2018 Warrants . In 2014, in conjunction with the execution of an amendment to our current agreement with Comcast, we issued stock warrants (the “Warrant Agreement”) for the right to purchase up to approximately 2.9 million shares of our common stock (the “Stock Warrants”) as an additional incentive for Comcast to convert customer accounts onto our Advanced Convergent Platform based on various milestones. The Stock Warrants have a ten-year term and an exercise price of $26.68 per warrant. Upon vesting, the Stock Warrants were recorded as a client contract incentive asset with the corresponding offset to stockholders’ equity. The client contract incentive asset related to the Stock Warrants was amortized as a reduction in cloud and related solutions revenues over the original term of the Comcast amended agreement. As of June 30, 2019, the client contract incentive asset related to these Stock Warrants was fully amortized. As of December 31, 2018, the client contract incentive asset and accumulated amortization related to these Stock Warrants was $25.1 million and $19.8 million, respectively. As of June 30, 2019, approximately 1.4 million Stock Warrants remain issued, of which 0.4 million were vested. Stock-Based Awards. A summary of our unvested restricted common stock activity during the quarter and six months ended June 30, 2019 is as follows (shares in thousands): Quarter Ended Six Months Ended June 30, 2019 June 30, 2019 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Unvested awards, beginning 1,299 $ 42.04 1,145 $ 41.64 Awards granted 7 46.12 483 40.85 Awards forfeited/cancelled (110 ) 42.70 (114 ) 42.68 Awards vested (16 ) 42.05 (334 ) 38.87 Unvested awards, ending 1,180 $ 42.00 1,180 $ 42.00 Included in the awards granted during 2019 are performance-based awards for 0.1 million restricted common stock shares issued to members of executive management and certain key employees, which vest in the first quarter of 2021 upon meeting certain pre-established financial performance objectives over a two-year performance period. Certain performance-based awards become fully vested upon a change in control, as defined, the subsequent involuntary termination of employment, and death. The other restricted common stock shares granted during the six months ended June 30, 2019 We recorded stock-based compensation expense for the second quarters of 2019 and 2018 of $4.8 million and $5.6 million, respectively, and for the six months ended June 30, 2019 and 2018 of $8.5 million and $10.2 million, respectively.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Use of Estimates in Preparation of Our Financial Statements	Use of Estimates in Preparation of Financial Statements. The preparation of the accompanying Financial Statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of our Financial Statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Revenue	Revenues. The majority of our future revenues is related to our cloud and related solution client contracts that include variable consideration dependent upon a series of monthly volumes and/or daily usage of services and have contractual terms ending from 2019 through 2028. As of June 30, 2019, our aggregate amount of the transaction price allocated to the remaining performance obligations is approximately $501 million, which is made up of fixed fee consideration and guaranteed minimums expected to be recognized in the future related to performance obligations that are unsatisfied (or partially unsatisfied). We expect to recognize approximately 90% of this amount by the end of 2021, with the remaining amount recognized by the end of 2028. We have excluded from this amount variable consideration expected to be recognized in the future related to performance obligations that are unsatisfied. The nature, amount, timing and uncertainty of our revenues and how revenues and cash flows are affected by economic factors is most appropriately depicted by type of revenues and by geographic region (using the location of the client as the basis of attributing revenues to the individual regions) as follows (in thousands): Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Cloud and related solutions $ 222,183 $ 187,401 $ 441,773 $ 364,917 Software and services 12,173 13,331 25,201 25,290 Maintenance 11,500 12,301 23,675 24,530 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737 Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Americas (principally the U.S.) $ 214,390 $ 180,217 $ 425,120 $ 350,120 Europe, Middle East, and Africa 22,606 21,977 47,232 42,411 Asia Pacific 8,860 10,839 18,297 22,206 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737 Deferred revenue recognized during the quarter and six months ended June 30, 2019 was $11.3 million and $29.8 million, respectively.
Cash and Cash Equivalents	Cash and Cash Equivalents. We consider all highly liquid investments with original maturities of three months or less at the date of the purchase to be cash equivalents. As of June 30, 2019 and December 31, 2018, our cash equivalents consist primarily of institutional money market funds, commercial paper, and time deposits held at major banks. As of June 30, 2019 and December 31, 2018, we had $3.1 million and $3.0 million, respectively, of restricted cash that serves to collateralize outstanding letters of credit. This restricted cash is included in cash and cash equivalents in our Condensed Consolidated Balance Sheets (“Balance Sheets” or “Balance Sheet”).
Short-term Investments and Other Financial Instruments	Short-term Investments and Other Financial Instruments . Our financial instruments as of June 30, 2019 and December 31, 2018 include cash and cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. Because of their short maturities, the carrying amounts of cash equivalents, accounts receivable, and accounts payable approximate their fair value. Our short-term investments and certain of our cash equivalents are considered “available-for-sale” and are reported at fair value in our Balance Sheets, with unrealized gains and losses, net of the related income tax effect, excluded from earnings and reported in a separate component of stockholders’ equity. Realized and unrealized gains and losses were not material in any period presented. Primarily all short-term investments held by us as of June 30, 2019 and December 31, 2018 have contractual maturities of less than two years from the time of acquisition. Our short-term investments as of June 30, 2019 and December 31, 2018 consisted almost entirely of fixed income securities. Proceeds from the sale/maturity of short-term investments for the six months ended June 30, 2019 and 2018 were $28.8 million and $116.9 million, respectively. Our short-term investments as of June 30, 2019 and December 31, 2018 were $17.7 million and $23.6 million, respectively. The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets measured at fair value (in thousands): June 30, 2019 December 31, 2018 Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents: Money market funds $ 4,254 $ — $ 4,254 $ 4,392 $ — $ 4,392 Commercial paper — 10,626 10,626 — 9,078 9,078 Short-term investments: Corporate debt securities — 12,834 12,834 — 16,357 16,357 U.S. government agency bonds — 650 650 — 3,724 3,724 Asset-backed securities — 4,190 4,190 — 3,522 3,522 Total $ 4,254 $ 28,300 $ 32,554 $ 4,392 $ 32,681 $ 37,073 Valuation inputs used to measure the fair values of our money market funds and corporate equity securities were derived from quoted market prices. The fair values of all other financial instruments are based upon pricing provided by third-party pricing services. These prices were derived from observable market inputs. We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value (par value for convertible debt) and estimated fair value of our debt as of the indicated periods (in thousands): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Value Value Value Value 2018 Credit Agreement (carrying value including current maturities) $ 140,625 $ 140,625 $ 144,375 $ 144,375 2016 Convertible debt (par value) 230,000 254,438 230,000 228,275 The fair value for our credit agreement was estimated using a discounted cash flow methodology, while the fair value for our convertible debt was estimated based upon quoted market prices or recent sales activity, both of which are considered Level 2 inputs.
Equity Method Investment	Equity Method Investment. During the six months ended June 30, 2019, we made an additional $4 million investment in a payment technology and services company that enables omni-channel digital payments in Latin America. As of June 30, 2019, we held an 8% noncontrolling interest with a carrying value of $6.7 million.
Accounting Pronouncements	Accounting Pronouncements Adopted. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This ASU requires lessees to recognize a right-of-use asset and lease liability for all leases, including operating leases, with a term greater than twelve months on its balance sheet. This ASU is effective for annual and interim periods beginning after December 31, 2018. An entity is required to use a modified retrospective transition approach, but may choose to use either the effective date or the beginning of the earliest comparative period presented in its financial statements as of the date of initial application. We adopted this ASU in January 2019, utilizing the effective date method of transition. Since we adopted this ASU utilizing the effective date method, prior period information in our Financial Statements has not been adjusted and continues to be as previously reported. We elected the package of practical expedients permitted under the transition guidance within the new standard. Additionally, we updated our polices to align with the new accounting guidance and our processes to ensure that we properly account for new, existing, and modifications to leases subsequent to the adoption of the ASU. In conjunction with the adoption of this ASU we recorded additional assets and liabilities of approximately $80 million related to the right-of-use assets and lease liabilities, and have included the amortization of the right-of-use-assets and the accretion and payments of lease liabilities in the changes in other current and non-current assets and liabilities and in the changes in trade accounts payable and accrued liabilities, respectively, on our Statement of Cash Flows.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Schedule of Revenue Disaggregated by Type of Revenue and Geographic Region	The nature, amount, timing and uncertainty of our revenues and how revenues and cash flows are affected by economic factors is most appropriately depicted by type of revenues and by geographic region (using the location of the client as the basis of attributing revenues to the individual regions) as follows (in thousands): Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Cloud and related solutions $ 222,183 $ 187,401 $ 441,773 $ 364,917 Software and services 12,173 13,331 25,201 25,290 Maintenance 11,500 12,301 23,675 24,530 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737 Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Americas (principally the U.S.) $ 214,390 $ 180,217 $ 425,120 $ 350,120 Europe, Middle East, and Africa 22,606 21,977 47,232 42,411 Asia Pacific 8,860 10,839 18,297 22,206 Total revenues $ 245,856 $ 213,033 $ 490,649 $ 414,737
Fair Value Measurements	The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets measured at fair value (in thousands): June 30, 2019 December 31, 2018 Level 1 Level 2 Total Level 1 Level 2 Total Cash equivalents: Money market funds $ 4,254 $ — $ 4,254 $ 4,392 $ — $ 4,392 Commercial paper — 10,626 10,626 — 9,078 9,078 Short-term investments: Corporate debt securities — 12,834 12,834 — 16,357 16,357 U.S. government agency bonds — 650 650 — 3,724 3,724 Asset-backed securities — 4,190 4,190 — 3,522 3,522 Total $ 4,254 $ 28,300 $ 32,554 $ 4,392 $ 32,681 $ 37,073
Carrying Value (Par Value for Convertible Debt) and Estimated Fair Value of Debt	We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value (par value for convertible debt) and estimated fair value of our debt as of the indicated periods (in thousands): June 30, 2019 December 31, 2018 Carrying Fair Carrying Fair Value Value Value Value 2018 Credit Agreement (carrying value including current maturities) $ 140,625 $ 140,625 $ 144,375 $ 144,375 2016 Convertible debt (par value) 230,000 254,438 230,000 228,275

Long-Lived Assets (Tables)

Long-Lived Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
Summary of Changes in Carrying Amount of Goodwill	Goodwill. The changes in the carrying amount of goodwill for the six months ended June 30, 2019 were as follows (in thousands): January 1, 2019 balance $ 255,816 Adjustments related to prior acquisitions 1,333 Effects of changes in foreign currency exchange rates (259 ) June 30, 2019 balance $ 256,890
Summary of Carrying Value of Assets	As of June 30, 2019 and December 31, 2018, the carrying values of these assets were as follows (in thousands): June 30, 2019 December 31, 2018 Gross Gross Carrying Accumulated Net Carrying Accumulated Net Amount Amortization Amount Amount Amortization Amount Acquired client contracts $ 147,990 $ (87,760 ) $ 60,230 $ 148,148 $ (82,692 ) $ 65,456 Software 155,763 (122,441 ) 33,322 155,781 (119,381 ) 36,400 Total intangible assets $ 303,753 $ (210,201 ) $ 93,552 $ 303,929 $ (202,073 ) $ 101,856
Summary of Carrying Values of Client Contract Cost Assets	As of June 30, 2019 and December 31, 2018, the carrying values of our client contract cost assets, related to those contracts with a contractual term greater than one year, were as follows (in thousands): June 30, 2019 December 31, 2018 Gross Gross Carrying Accumulated Net Carrying Accumulated Net Amount Amortization Amount Amount Amortization Amount Client contract costs $ 69,893 $ (30,169 ) $ 39,724 $ 80,340 $ (43,051 ) $ 37,289

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt, as of June 30, 2019 and December 31, 2018, was as follows (in thousands): June 30, December 31, 2019 2018 2018 Credit Agreement: Term loan, due March 2023, interest at adjusted LIBOR plus 1.5% (combined rate of 3.83% at June 30, 2019 and 4.30% at December 31, 2018) $ 140,625 $ 144,375 Less – deferred financing costs (1,997 ) (2,281 ) 2018 term loan, net of unamortized discounts 138,628 142,094 $200 million revolving loan facility, due March 2023, interest at adjusted LIBOR plus applicable margin — — Convertible Notes: 2016 Convertible Notes – Senior convertible notes; due March 15, 2036; cash interest at 4.25% 230,000 230,000 Less – unamortized original issue discount (7,434 ) (8,823 ) Less – deferred financing costs (2,896 ) (3,445 ) 2016 Convertible Notes, net of unamortized discounts 219,670 217,732 Total debt, net of unamortized discounts 358,298 359,826 Current portion of long-term debt, net of unamortized discounts (8,438 ) (7,500 ) Long-term debt, net of unamortized discounts $ 349,860 $ 352,326

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Leases [Abstract]
Summary of Components of Lease Expense	The components of lease expense were as follows (in thousands): Quarter Ended Six Months Ended June 30, 2019 June 30, 2019 Operating lease expense $ 5,864 $ 11,163 Variable lease expense 1,284 2,207 Short-term lease expense 151 291 Sublease income (421 ) (833 ) Total net lease expense $ 6,878 $ 12,828
Summary of Other Information Related to Operating Leases	Other information related to leases was as follows (in thousands, except term and discount rate): Six Months Ended June 30, 2019 Supplemental Cash Flows Information: Cash paid for amounts included in the measurement of operating lease liabilities $ 11,016 Right-of-use assets obtained in exchange for new operating lease liabilities 21,452 Weighted-average remaining lease term – operating leases 59 months Weighted-average discount rate – operating leases 4.60 %
Summary of Future Minimum Lease Payments Under Non-cancellable Operating Leases	Future minimum lease payments under non-cancelable leases as of June 30, 2019 were as follows (in thousands): 2019 (excluding the six months ended June 30, 2019) $ 14,154 2020 24,743 2021 24,136 2022 18,248 2023 12,015 Thereafter 20,104 Total future minimum lease payments (1) 113,400 Less: Interest (2) (13,128 ) Total $ 100,272 Current operating lease liabilities $ 22,279 Non-current operating lease liabilities 77,993 Total $ 100,272 (1) For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components. (2) We used our in-country, currency adjusted incremental borrowing rate for the discount rate for the leases at adoption date, and will use the same approach for all leases commencing thereafter.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Reconciliation of the Basic and Diluted EPS Denominators	The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (in thousands): Quarter Ended Six Months Ended June 30, June 30, 2019 2018 2019 2018 Basic weighted-average common shares 32,093 32,589 32,111 32,558 Dilutive effect of restricted common stock 182 156 178 274 Dilutive effect of Stock Warrants 183 163 159 173 Diluted weighted-average common shares 32,458 32,908 32,448 33,005

Stockholders' Equity and Equi_2

Stockholders' Equity and Equity Compensation Plans (Tables)	6 Months Ended
	Jun. 30, 2019
Stockholders Equity Note [Abstract]
Summary of Unvested Restricted Common Stock Activity	Stock-Based Awards. A summary of our unvested restricted common stock activity during the quarter and six months ended June 30, 2019 is as follows (shares in thousands): Quarter Ended Six Months Ended June 30, 2019 June 30, 2019 Shares Weighted- Average Grant Date Fair Value Shares Weighted- Average Grant Date Fair Value Unvested awards, beginning 1,299 $ 42.04 1,145 $ 41.64 Awards granted 7 46.12 483 40.85 Awards forfeited/cancelled (110 ) 42.70 (114 ) 42.68 Awards vested (16 ) 42.05 (334 ) 38.87 Unvested awards, ending 1,180 $ 42.00 1,180 $ 42.00

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Jan. 01, 2019
Summary Of Significant Accounting Policies [Line Items]
Aggregate amount of transaction price allocated to remaining performance obligations	$ 501,000	$ 501,000
Remaining performance obligations expected to be recognized, year	2028	2028
Deferred revenue recognized	$ 11,300	$ 29,800
Restricted cash	3,100	3,100		$ 3,000
Proceeds from sale/maturity of short-term investments		28,753	$ 116,866
Short-term investments	17,674	17,674		$ 23,603
Equity method investments, additional investment		4,000
Equity method investment, carrying value	6,700	6,700
Operating lease right-of-use assets	94,028	94,028
Lease liabilities	$ 100,272	$ 100,272
ASU 2016-02
Summary Of Significant Accounting Policies [Line Items]
Operating lease right-of-use assets					$ 80,000
Lease liabilities					$ 80,000
Payment Technology and Services Company
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, noncontrolling interest	8.00%	8.00%
Maximum
Summary Of Significant Accounting Policies [Line Items]
Short-term investment contractual maturities		2 years		2 years
Cloud and Related Solutions Revenue | Minimum
Summary Of Significant Accounting Policies [Line Items]
Future revenue including variable consideration, contractual terms ending, year		2019
Cloud and Related Solutions Revenue | Maximum
Summary Of Significant Accounting Policies [Line Items]
Future revenue including variable consideration, contractual terms ending, year		2028

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Textual 1) - Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2019-07-01	Jun. 30, 2019
Summary Of Significant Accounting Policies [Line Items]
Remaining performance obligations expected to be recognized, percentage	90.00%
Remaining performance obligations expected to be recognized, period	2 years 6 months

Summary of Significant Accoun_6

Summary of Significant Accounting Policies - Schedule of Revenue Disaggregated by Type of Revenue and Geographic Region (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Disaggregation Of Revenue [Line Items]
Total revenues	$ 245,856	$ 213,033	$ 490,649	$ 414,737
Americas (principally the U.S.)
Disaggregation Of Revenue [Line Items]
Total revenues	214,390	180,217	425,120	350,120
Europe, Middle East, and Africa
Disaggregation Of Revenue [Line Items]
Total revenues	22,606	21,977	47,232	42,411
Asia Pacific
Disaggregation Of Revenue [Line Items]
Total revenues	8,860	10,839	18,297	22,206
Cloud and Related Solutions
Disaggregation Of Revenue [Line Items]
Total revenues	222,183	187,401	441,773	364,917
Software and Services
Disaggregation Of Revenue [Line Items]
Total revenues	12,173	13,331	25,201	25,290
Maintenance
Disaggregation Of Revenue [Line Items]
Total revenues	$ 11,500	$ 12,301	$ 23,675	$ 24,530

Summary of Significant Accoun_7

Summary of Significant Accounting Policies - Fair Value Measurements (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Assets:
Assets fair value	$ 32,554	$ 37,073
Cash equivalents | Money Market Funds
Assets:
Assets fair value	4,254	4,392
Cash equivalents | Commercial Paper
Assets:
Assets fair value	10,626	9,078
Short-term Investments | Corporate Debt Securities
Assets:
Assets fair value	12,834	16,357
Short-term Investments | U.S. Government Agency Bonds
Assets:
Assets fair value	650	3,724
Short-term Investments | Asset-backed securities
Assets:
Assets fair value	4,190	3,522
Level 1
Assets:
Assets fair value	4,254	4,392
Level 1 | Cash equivalents | Money Market Funds
Assets:
Assets fair value	4,254	4,392
Level 2
Assets:
Assets fair value	28,300	32,681
Level 2 | Cash equivalents | Commercial Paper
Assets:
Assets fair value	10,626	9,078
Level 2 | Short-term Investments | Corporate Debt Securities
Assets:
Assets fair value	12,834	16,357
Level 2 | Short-term Investments | U.S. Government Agency Bonds
Assets:
Assets fair value	650	3,724
Level 2 | Short-term Investments | Asset-backed securities
Assets:
Assets fair value	$ 4,190	$ 3,522

Summary of Significant Accoun_8

Summary of Significant Accounting Policies - Carrying Value (Par Value for Convertible Debt) and Estimated Fair Value of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
2018 Credit Agreement | 2018 Term Loan
Carrying value and estimated fair value of debt
Fair Value	$ 140,625	$ 144,375
Carrying Value	140,625	144,375
Senior Convertible Notes 2016
Carrying value and estimated fair value of debt
Fair Value	254,438	228,275
Carrying Value	$ 230,000	$ 230,000

Long-Lived Assets - Summary of

Long-Lived Assets - Summary of Changes in Carrying Amount of Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill RollForward
Beginning balance	$ 255,816
Adjustments related to prior acquisitions	1,333
Effects of changes in foreign currency exchange rates	(259)
Ending balance	$ 256,890

Long-Lived Assets - Summary o_2

Long-Lived Assets - Summary of Carrying Value of Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 303,753	$ 303,929
Accumulated Amortization	(210,201)	(202,073)
Net Amount	93,552	101,856
Acquired client contracts
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	147,990	148,148
Accumulated Amortization	(87,760)	(82,692)
Net Amount	60,230	65,456
Software
Finite Lived Intangible Assets [Line Items]
Gross Carrying Amount	155,763	155,781
Accumulated Amortization	(122,441)	(119,381)
Net Amount	$ 33,322	$ 36,400

Long-Lived Assets (Details Text

Long-Lived Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 5.8	$ 4.8	$ 11.4	$ 8.8
Estimated total amortization expense 2019	22.9		22.9
Estimated total amortization expense 2020	19.2		19.2
Estimated total amortization expense 2021	13.9		13.9
Estimated total amortization expense 2022	11.6		11.6
Estimated total amortization expense 2023	8.3		8.3
Client contract costs
Finite Lived Intangible Assets [Line Items]
Total amortization expense	$ 6.4	$ 5.8	$ 12.4	$ 11.3

Long-Lived Assets - Summary o_3

Long-Lived Assets - Summary of Carrying Values of Client Contract Cost Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Capitalized Contract Cost [Abstract]
Client contract costs, Gross Carrying Amount	$ 69,893	$ 80,340
Client contract costs, Accumulated Amortization	(30,169)	(43,051)
Client contract costs, Net Amount	$ 39,724	$ 37,289

Debt - Long-Term Debt (Details)

Debt - Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Debt Instrument [Line Items]
Less – unamortized original issue discount	$ (12,327)	$ (14,549)
Total debt, net of unamortized discounts	358,298	359,826
Current portion of long-term debt, net of unamortized discounts	(8,438)	(7,500)
Long-term debt, net of unamortized discounts	349,860	352,326
2018 Credit Agreement | 2018 Term Loan
Debt Instrument [Line Items]
Total long-term debt, gross	140,625	144,375
Less – deferred financing costs	(1,997)	(2,281)
Total debt, net of unamortized discounts	138,628	142,094
Senior Convertible Notes 2016
Debt Instrument [Line Items]
Total long-term debt, gross	230,000	230,000
Less – unamortized original issue discount	(7,434)	(8,823)
Less – deferred financing costs	(2,896)	(3,445)
Total debt, net of unamortized discounts	$ 219,670	$ 217,732

Debt - Long-Term Debt (Parenthe

Debt - Long-Term Debt (Parenthetical) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
2018 Credit Agreement | 2018 Term Loan
Debt Instrument [Line Items]
Basis spread on term loan	1.50%
Term loan combined interest rate	3.83%	4.30%
Maturity period	Mar. 31, 2023
2018 Credit Agreement | Revolving Loan
Debt Instrument [Line Items]
Amount available under credit facility	$ 200,000,000
Maturity period	Mar. 31, 2023
Senior Convertible Notes 2016
Debt Instrument [Line Items]
Maturity period	Mar. 15, 2036
Interest rate on senior subordinated convertible notes	4.25%

Debt - Credit Agreement (Detail

Debt - Credit Agreement (Details Textual) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Debt Instrument [Line Items]
Principal repayments	$ 3,750,000	$ 121,875,000
2018 Credit Agreement | Minimum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.20%
2018 Credit Agreement | Maximum
Debt Instrument [Line Items]
Line of credit facility, unused capacity, commitment fee percentage	0.375%
2018 Credit Agreement | London Interbank Offered Rate (LIBOR) | Minimum
Debt Instrument [Line Items]
Basis spread on term loan	1.50%
2018 Credit Agreement | London Interbank Offered Rate (LIBOR) | Maximum
Debt Instrument [Line Items]
Basis spread on term loan	2.50%
2018 Credit Agreement | Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on term loan	0.50%
2018 Credit Agreement | Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on term loan	1.50%
2018 Credit Agreement | Revolving Loan
Debt Instrument [Line Items]
Amount available under credit facility	$ 200,000,000
Credit facility term	5 years
Line of credit facility, unused capacity, commitment fee percentage	0.20%
Credit facility, outstanding borrowings	$ 0
Credit facility, current borrowing capacity	200,000,000
2018 Credit Agreement | 2018 Term Loan
Debt Instrument [Line Items]
Principal repayments	3,800,000
Term loan aggregate principal amount	$ 150,000,000
Term loan period	5 years
Term loan combined interest rate	3.83%		4.30%
Basis spread on term loan	1.50%

Debt - 2016 Convertible Notes (

Debt - 2016 Convertible Notes (Details Textual) - Senior Convertible Notes 2016 $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2019USD ($)Tradingday$ / shares	Dec. 31, 2018USD ($)$ / shares
Debt Instrument [Line Items]
Percentage of par value of convertible notes to be settled in cash	100.00%
Initial conversion rate of common stock	17.5604	17.5457
Convertible Notes, initial conversion of Par Value Convertible Notes to common stock | $	$ 1	$ 1
Initial conversion price | $ / shares	$ 56.95	$ 56.99
Rate of conversion price	130.00%
Debt instrument, convertible, threshold consecutive trading days	30
Debt instrument, convertible, threshold trading days	20

Leases (Details Textual)

Leases (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2019USD ($)Lease	Dec. 31, 2018USD ($)
Lessee Lease Description [Line Items]
Operating leases, options to extend	some of which include options to extend the leases for up to an additional ten years.
Operating leases, existence of option to extend	true
Operating sublease, option to extend	certain subleases have renewal terms that can extend the lease for up to an additional two years.
Operating sublease, existence of option to extend	true
Operating lease not yet commenced, Number of operating leases | Lease	2
Operating lease not yet commenced, amount	$ 24
Operating lease not yet commenced, description	commence during 2019 and 2020 with leases term through 2021 and 2031, respectively
Payments under operating lease agreement in 2019		$ 16.6
Payments under operating lease agreement in 2020		14.1
Payments under operating lease agreement in 2021		13.1
Payments under operating lease agreement in 2022		11.5
Payments under operating lease agreement in 2023		9.6
Thereafter		$ 14.7
Maximum
Lessee Lease Description [Line Items]
Operating leases, remaining lease term	8 years
Operating leases, option to extend leases term	10 years
Operating subleases, remaining sublease term	4 years
Operating subleases, option to extend sublease term	2 years

Leases - Summary of Components

Leases - Summary of Components of Lease Expense (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Leases [Abstract]
Operating lease expense	$ 5,864	$ 11,163
Variable lease expense	1,284	2,207
Short-term lease expense	151	291
Sublease income	(421)	(833)
Total net lease expense	$ 6,878	$ 12,828

Leases - Summary of Other Infor

Leases - Summary of Other Information Related to Operating Leases (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Leases [Abstract]
Cash paid for amounts included in the measurement of operating lease liabilities	$ 11,016
Right-of-use assets obtained in exchange for new operating lease liabilities	$ 21,452
Weighted-average remaining lease term – operating leases	59 months
Weighted-average discount rate – operating leases	4.60%

Leases - Summary of Future Mini

Leases - Summary of Future Minimum Lease Payments Under Non-cancellable Operating Leases (Detail) $ in Thousands	Jun. 30, 2019USD ($)
Leases [Abstract]
2019 (excluding the six months ended June 30, 2019)	$ 14,154
2020	24,743
2021	24,136
2022	18,248
2023	12,015
Thereafter	20,104
Total future minimum lease payments	113,400	[1]
Less: Interest	(13,128)	[2]
Total	100,272
Current operating lease liabilities	22,279
Non-current operating lease liabilities	77,993
Total	$ 100,272
[1]	For leases commencing prior to 2019, minimum lease payments exclude payments for real estate taxes and non-lease components.
[2]	We used our in-country, currency adjusted incremental borrowing rate for the discount rate for the leases at adoption date, and will use the same approach for all leases commencing thereafter.

Commitments, Guarantees and C_2

Commitments, Guarantees and Contingencies (Details Textual) - USD ($) $ in Thousands	Oct. 01, 2018	Jun. 30, 2019	Jun. 30, 2018
Other Commitments [Line Items]
Warranty Period		90 days
Business acquisition, net of cash acquired		$ 4,000	$ 68,636
Forte Payment Systems, Inc
Other Commitments [Line Items]
Business acquisition date		Oct. 1, 2018
Business acquisition, acquired equity percentage	100.00%
Business acquisition, cash consideration	$ 93,000
Business acquisition, net of cash acquired	85,000
Cash held subject to certain tax filings	13,000
Potential future earn out payments	$ 18,800
Potential future earn out payments meassurement period	4 years
Accrued earn out payments		$ 2,500

Earnings Per Common Share - Rec

Earnings Per Common Share - Reconciliation of the Basic and Diluted EPS Denominators (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Reconciliation of the basic and diluted EPS denominators
Basic weighted-average common shares	32,093	32,589	32,111	32,558
Dilutive effect of restricted common stock	182	156	178	274
Dilutive effect of Stock Warrants	183	163	159	173
Diluted weighted-average common shares	32,458	32,908	32,448	33,005

Earnings Per Common Share (Deta

Earnings Per Common Share (Details Textual)	Jun. 30, 2019$ / shares
Common Stock Warrants
Earnings Per Common Share [Line Items]
Common stock warrants issued, per warrant	$ 26.68

Stockholders' Equity and Equi_3

Stockholders' Equity and Equity Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018	Dec. 31, 2014
Stockholders Equity And Equity Compensation Plans [Line Items]
Remaining number of shares available for repurchase	5,100,000		5,100,000
Repurchase of common stock for employee tax withholdings, shares	4,000	19,000	108,000	149,000
Repurchase of common stock for tax withholdings, value	$ 400	$ 800	$ 4,500	$ 7,000
Cash dividends declared per common share	$ 0.2225	$ 0.21
Cash dividend	$ 7,400	$ 7,100	14,700	14,200
Stock warrants term						10 years
Stock warrants, exercise price						$ 26.68
Stock-based compensation expense	$ 4,800	$ 5,600	$ 8,500	$ 10,213
Performance Shares
Stockholders Equity And Equity Compensation Plans [Line Items]
Performance based awards granted to executive management and certain key employees shares			100,000
Vesting maturity date			Mar. 31, 2021
Vesting period			2 years
Restricted common stock
Stockholders Equity And Equity Compensation Plans [Line Items]
Vesting period			4 years
Comcast
Stockholders Equity And Equity Compensation Plans [Line Items]
Issuance of stock warrants						2,900,000
Stock warrants issued	1,400,000		1,400,000
Stock warrants vested			400,000
Comcast | Common Stock Warrants
Stockholders Equity And Equity Compensation Plans [Line Items]
Client contract incentive related to stock warrants					$ 25,100
Accumulated amortization expense of client contract incentive related to stock warrants					$ 19,800
SEC Rule 10b5-1 Plan
Stockholders Equity And Equity Compensation Plans [Line Items]
Repurchase of common stock, shares	100,000	100,000	400,000	300,000
Total amount paid	$ 6,500	$ 5,600	$ 15,800	$ 11,300
Weighted-average price per share	$ 45.39	$ 42.79	$ 40.31	$ 44.25

Stockholders' Equity and Equi_4

Stockholders' Equity and Equity Compensation Plans - Summary of Unvested Restricted Common Stock Activity (Details) - Restricted common stock - $ / shares shares in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2019	Jun. 30, 2019
Shares
Shares, Unvested awards, beginning balance	1,299	1,145
Shares, Awards granted	7	483
Shares, Awards forfeited/cancelled	(110)	(114)
Shares, Awards vested	(16)	(334)
Shares, Unvested awards, ending balance	1,180	1,180
Weighted-Average Grant Date Fair Value
Weighted-Average Grant Date Fair Value, Unvested awards, beginning balance	$ 42.04	$ 41.64
Weighted-Average Grant Date Fair Value, Awards granted	46.12	40.85
Weighted-Average Grant Date Fair Value, Awards forfeited/cancelled	42.70	42.68
Weighted-Average Grant Date Fair Value, Awards vested	42.05	38.87
Weighted-Average Grant Date Fair Value, Unvested awards, ending balance	$ 42	$ 42