Euronet Worldwide (EEFT) 10-Q 10 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	May 09, 2018
Entity Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE INC
Entity Central Index Key	1,029,199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		51,280,843

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current assets:
Cash and cash equivalents	$ 885,646	$ 819,144
Restricted cash	63,842	81,374
Trade accounts receivable, net of allowances for doubtful accounts of $23,637 at March 31, 2018 and $20,958 at December 31, 2017	707,242	744,879
Prepaid expenses and other current assets	213,212	244,789
Total current assets	1,869,942	1,890,186
Property and equipment, net of accumulated depreciation of $357,181 at March 31, 2018 and $340,128 at December 31, 2017	280,606	268,303
Goodwill	743,456	717,386
Acquired intangible assets, net of accumulated amortization of $187,761 at March 31, 2018 and $179,142 at December 31, 2017	148,057	150,543
Other assets, net of accumulated amortization of $46,381 at March 31, 2018 and $44,469 at December 31, 2017	115,314	113,611
Total assets	3,157,375	3,140,029
Current liabilities:
Trade accounts payable	409,511	494,841
Accrued expenses and other current liabilities	744,369	759,789
Current portion of capital lease obligations	5,361	5,369
Short-term debt obligations and current maturities of long-term debt obligations	46,972	41,288
Income taxes payable	56,696	54,437
Deferred revenue	55,413	51,996
Total current liabilities	1,318,322	1,407,720
Debt obligations, net of current portion	573,594	404,012
Capital lease obligations, net of current portion	9,492	9,753
Deferred income taxes	59,871	54,969
Other long-term liabilities	67,064	64,097
Total liabilities	2,028,343	1,940,551
Euronet Worldwide, Inc. stockholders' equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; none issued	0	0
Common Stock, $0.02 par value. 90,000,000 shares authorized; 59,020,849 issued at March 31, 2018 and 58,892,744 issued at December 31, 2017	1,180	1,178
Additional paid-in-capital	1,078,502	1,072,005
Treasury stock, at cost, 7,515,228 shares at March 31, 2018 and 6,084,586 shares at December 31, 2017	(343,398)	(217,161)
Retained earnings	463,367	436,954
Accumulated other comprehensive loss	(71,564)	(94,458)
Total Euronet Worldwide, Inc. stockholders' equity	1,128,087	1,198,518
Noncontrolling interests	945	960
Total equity	1,129,032	1,199,478
Total liabilities and equity	$ 3,157,375	$ 3,140,029

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Allowance for doubtful accounts receivable	$ 23,637	$ 20,958
Accumulated depreciation of property and equipment	357,181	340,128
Accumulated amortization of intangible assets	187,761	179,142
Accumulated amortization of other assets	$ 46,381	$ 44,469
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	59,020,849	58,892,744
Treasury Stock, shares	7,515,228	6,084,586

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Revenues	$ 550,515	$ 473,380
Operating expenses:
Direct operating costs	343,324	296,607
Salaries and benefits	85,706	71,863
Selling, general and administrative	50,011	41,987
Depreciation and amortization	26,002	21,637
Total operating expenses	505,043	432,094
Operating income	45,472	41,286
Other income (expense):
Interest income	296	1,170
Interest expense	(7,606)	(7,148)
Loss from unconsolidated affiliates	(117)	0
Foreign currency exchange gain, net	1,935	1,715
Other gains	31	17
Other expense, net	(5,461)	(4,246)
Income before income taxes	40,011	37,040
Income tax expense	(13,667)	(8,971)
Net income	26,344	28,069
Net loss attributable to noncontrolling interests	69	54
Net income attributable to Euronet Worldwide, Inc.	$ 26,413	$ 28,123
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - basic	$ 0.51	$ 0.54
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted	$ 0.49	$ 0.51
Weighted average number of shares outstanding - basic	51,899,282	52,345,944
Weighted average number of shares outstanding - diluted	53,953,246	54,921,779

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income	$ 26,344	$ 28,069
Translation adjustment	22,948	19,420
Comprehensive income	49,292	47,489
Comprehensive loss attributable to noncontrolling interests	15	30
Comprehensive income attributable to Euronet Worldwide, Inc.	$ 49,307	$ 47,519

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Net income	$ 26,344	$ 28,069
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,002	21,637
Share-based compensation	4,029	3,706
Unrealized foreign exchange gain, net	(1,935)	(1,715)
Deferred income taxes	2,818	922
Loss from unconsolidated affiliates	117	0
Accretion of convertible debt discount and amortization of debt issuance costs	3,477	3,317
Changes in working capital, net of amounts acquired:
Income taxes payable, net	(674)	(98)
Trade accounts receivable	51,720	140,012
Prepaid expenses and other current assets	36,763	62,147
Trade accounts payable	(98,581)	(144,333)
Deferred revenue	2,501	1,924
Accrued expenses and other current liabilities	(28,241)	(45,441)
Changes in noncurrent assets and liabilities	3,488	656
Net cash provided by operating activities	27,828	70,803
Cash flows from investing activities:
Acquisitions, net of cash acquired	(7,257)	0
Purchases of property and equipment	(24,415)	(22,659)
Purchases of other long-term assets	(1,808)	(1,513)
Other, net	201	259
Net cash used in investing activities	(33,279)	(23,913)
Cash flows from financing activities:
Proceeds from issuance of shares	2,300	2,084
Repurchase of shares	(126,577)	(2,188)
Borrowings from revolving credit agreements	1,010,643	342,113
Repayments of revolving credit agreements	(841,786)	(342,900)
Repayments of long-term debt obligations	(2,449)	(1,875)
Repayments of capital lease obligations	(1,793)	(1,150)
Borrowings from (repayments of) short-term debt obligations, net	1,557	(2,746)
Other, net	1	301
Net cash provided by (used in) financing activities	41,896	(6,361)
Effect of Exchange Rate on Cash, Cash Equivalents and Restricted Cash	12,525	10,962
Cash, cash equivalents and restricted cash, Period increase	48,970	51,491
Cash, cash equivalents and restricted cash, beginning of period	900,518	812,088
Cash, cash equivalents and restricted cash, end of period	949,488	863,579
Interest paid during the period	5,621	6,387
Income taxes paid during the period	$ 11,981	$ 5,825

General

General	3 Months Ended
	Mar. 31, 2018
Organization, Consolidation and Presentation of Financial Statements [Abstract]
General	GENERAL Organization Euronet Worldwide, Inc. (together with its subsidiaries, the “Company” or “Euronet”) is a leading electronic payments provider. Euronet offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Euronet's primary product offerings include comprehensive automated teller machine (“ATM”), point-of-sale (“POS”), card outsourcing, card issuing and merchant acquiring services, software solutions, electronic distribution of prepaid mobile airtime and other electronic payment products, foreign currency exchange services and global money transfer services. Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared from the records of the Company, in conformity with accounting principles generally accepted in the U.S. (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, such unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring adjustments) necessary to fairly present the consolidated financial position and the results of operations, comprehensive income and cash flows for the interim periods. The unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements of the Company for the year ended December 31, 2017 , including the notes thereto, set forth in the Company’s 2017 Annual Report on Form 10-K. Certain amounts in prior years have been reclassified to conform to the current year's presentation. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reported period. Significant items subject to such estimates and assumptions include computing income taxes, estimating the useful lives and potential impairment of long-lived assets and goodwill, as well as allocating the purchase price to assets acquired and liabilities assumed in acquisitions and revenue recognition. Actual results could differ from those estimates. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ending December 31, 2018 . Seasonality Euronet’s EFT Processing Segment experiences its heaviest demand for dynamic currency conversion ("DCC") services during the third quarter of the fiscal year, coinciding with the tourism season. Additionally, the EFT Processing and epay Segments are impacted by seasonality during the fourth quarter and the 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 regions 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 experiences its lowest transaction levels during the first quarter of each year.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Recently Issued Accounting Pronouncements	RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers (Topic 606)” (“Topic 606”), and subsequently modified the standard with several ASUs. The Company adopted the standard on January 1, 2018 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting under Topic 605. The Company completed its review of customer contracts relative to the requirements of Topic 606 and concluded that revenues from certain customer contracts in the epay Segment should be recorded differently under the principal versus agent guidance of Topic 606. With respect to those contracts, the Company concluded that it earns a commission from content providers for distributing and processing their prepaid mobile airtime and other electronic payment products, but it is not the principal for the products themselves. As a result, the impact of the change in accounting principle was a $22.6 million reduction in both revenues and direct operating expenses for the three months ended March 31, 2018. Contract Balances The new standard requires the deferral of incremental costs to obtain customer contracts, known as contract assets, which are then amortized to expense as part of selling, general and administrative expense over the respective periods of expected benefit. The Company completed its review of such costs and concluded that a transition adjustment was not necessary related to contract assets. However, the Company has implemented processes and controls to record such costs on an ongoing basis and will disclose them if they become material. The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the three months ended March 31, 2018 is primarily driven by $17.6 million of cash payments received or due in advance of satisfying the performance obligations, offset by $15.2 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2017. Variable Consideration Within the EFT segment, outsourcing services area generally billed on the basis of a fixed 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. These fees can be variable based on transaction volume tiered discounts; however, as all tiered discounts are calculated monthly, the actual discount is recorded on a monthly basis. In addition, the epay segment generates commissions from the distribution of electronic content. It is common for these long-term contracts to contain award fees, incentive fees, or other provisions that can either increase or decrease the transaction price. These variable amounts generally are awarded upon achievement of certain performance metrics or program milestones and can be based upon customer discretion. Transaction fees, as well as any tiered volume discounts or incentive fees, are calculated and billed monthly in accordance with the terms established in the contract. The Company estimates variable consideration at the most likely amount to which it expects to be entitled. The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainly associated with the variable consideration is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on as assessment of Euronet's anticipated performance and all information (historical, current and forecast) that is reasonably available. Arrangements with Multiple Performance Obligations The Company's most significant revenues are generated from transaction fees for which there are no remaining performance obligations left to fulfill after revenue is recognized. An insignificant amount of revenues are generated from contracts with customers which may include multiple performance obligations. For such arrangements, Euronet allocates revenues to each performance obligation based on its relative standalone selling price. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services is transferred to Euronet's customers, in an amount that reflects the consideration it expects to be entitled to in exchange for goods or services. The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region. For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Europe 100,087 113,451 73,958 287,496 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Total $ 135,704 $ 176,845 $ 238,836 $ 551,385 For the Three Months Ended March 31, 2017 (in thousands) EFT Processing epay Money Transfer Total North America $ 7,398 $ 16,971 $ 121,548 $ 145,917 Europe 75,895 119,834 55,723 251,452 Asia Pacific 22,456 22,927 24,796 70,179 Other 3 4,438 1,906 6,347 Total $ 105,752 $ 164,170 $ 203,973 $ 473,895 As noted above, prior period amounts have not been adjusted under the modified retrospective method. In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products. The new standard specifies that liabilities within its scope are considered to be financial liabilities, and amends the guidance in ASC 405-20, Extinguishments of Liabilities, by directing entities to derecognize prepaid stored-value product liabilities based on expected breakage in proportion to the pattern of rights expected to be exercised by the consumer. Derecognition for breakage is permitted only to the extent that it is probable that a significant reversal of recognized breakage will not subsequently occur. The new standard is consistent with the breakage guidance in Topic 606. The ASU is effective for annual periods beginning after December 15, 2017, and is applied either using a modified retrospective transition method or retrospectively. Early adoption is permitted. The Company adopted this ASU as of January 1, 2018 along with Topic 606. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements and related disclosures. In August 2016, the FASB issued an accounting standard classified under FASB ASC Topic 230, “Statement of Cash Flows”. This accounting standard provides guidance on eight specific cash flow issues. Subsequently, the FASB issued amendments to this accounting standard that required companies to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the statement of cash flows. The amendments were effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted these standards as of January 1, 2018. The adoption of these accounting standards resulted in an increase in net cash provided by operating activities of $20.0 million for the three months ended March 31, 2017. As of March 31, 2018, the Company had $63.8 million of restricted cash consisting of restricted cash held in trust and/or cash held on behalf of others and cash collateral on bank credit arrangements. 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. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting , which clarifies the changes to terms or conditions of a share-based payment award that require an entity to apply modification accounting. The amendments of this ASU are effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017 and prospective application is required. The Company adopted ASU 2017-09 as of January 1, 2018 and the adoption did not have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which will update the existing guidance on accounting for leases and require new qualitative and quantitative disclosures about the Company’s leasing activities. The new standard requires lessees to account for all leases on the balance sheet, except for certain short-term leases that have a maximum possible lease term of 12 months. The accounting for lessors is largely unchanged from the previous accounting guidance, except for leverage lease accounting which is not permitted for leases entered into or modified after the effective date of the new standard. The new standard is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, with early adoption permitted. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that the Company may elect to apply. The Company is currently evaluating the expected impact of the adoption of this standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently in the process of evaluating the effect of the adoption of ASU 2016-13 on its consolidated financial statements.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2018
Stockholders' Equity Attributable to Parent [Abstract]
Stockholders' Equity	STOCKHOLDERS' EQUITY Earnings Per Share Basic earnings per share has been computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the respective periods. Diluted earnings per share has been computed by dividing earnings available to common stockholders by the weighted average shares outstanding during the respective period, after adjusting for any potential dilution from options to purchase the Company's common stock, assumed vesting of restricted stock and the assumed conversion of the Company’s convertible debentures. The following table provides the computation of diluted weighted average number of common shares outstanding: Three Months Ended 2018 2017 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 51,899,282 52,345,944 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,578,071 1,706,342 Incremental shares from assumed conversion of convertible notes 475,893 869,493 Diluted weighted average shares outstanding 53,953,246 54,921,779 The table includes the impact of all stock options and restricted stock that are dilutive to the Company’s weighted average common shares outstanding during the three months ended March 31, 2018 and 2017 . The calculation of diluted earnings per share excludes stock options or shares of restricted stock that are anti-dilutive to the Company’s weighted average common shares outstanding of approximately 1,151,000 and 969,000 for the three months ended March 31, 2018 and 2017 , respectively. The Company's convertible notes have settlement features requiring the Company upon conversion to settle the principal amount of the debt and the conversion value in excess of the principal value ("conversion premium") for cash or shares of the Company's common stock or a combination thereof, at the Company's option. At issuance, the Company stated its intent to settle any conversion of these notes by paying cash for the principal value and issuing common stock for any conversion premium. Accordingly, the convertible notes are included in the calculation of diluted earnings per share if their inclusion is dilutive. The convertible notes would only have a dilutive effect if the market price per share of common stock exceeds the conversion price of $72.18 per share and the dilutive effect increases the more the market price exceeds the conversion price. As of March 31, 2018 and 2017 , the stock price exceeded the conversion price and these notes were dilutive to earnings per share. Further, as a result of the share price decreasing from $85.52 at March 31, 2017 to $78.92 at March 31, 2018 , there was a decrease in shares from the assumed conversion of convertible notes. Share repurchases The Company's Board of Directors has authorized a stock repurchase program ("Repurchase Program") allowing Euronet to repurchase up to $375 million in value or 10.0 million shares of stock through March 31, 2020. Repurchases under the Repurchase 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. For the three months ended March 31, 2018 , the Company repurchased $125.0 million in value of Euronet common stock under the Repurchase Program. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded foreign currency translation gains of $22.9 million and $19.4 million for the three months ended March 31, 2018 and 2017 , respectively. There were no reclassifications of foreign currency translation into the consolidated statements of income for the three months ended March 31, 2018 and 2017 .

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets, Net	GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2018 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2017 $ 150,543 $ 717,386 $ 867,929 Increases (decreases): Acquisition — 15,229 15,229 Amortization (5,841 ) — (5,841 ) Other (primarily changes in foreign currency exchange rates and impairment) 3,355 10,841 14,196 Balance as of March 31, 2018 $ 148,057 $ 743,456 $ 891,513 Estimated amortization expense on intangible assets with finite lives, before income taxes, as of March 31, 2018 , is expected to total $17.6 million for the remainder of 2018 , $22.5 million for 2019 , $21.7 million for 2020 , $20.7 million for 2021 , $19.6 million for 2022 and $14.5 million for 2023 . In March 2018, the Company completed the acquisition of a small European business for an immaterial amount of cash consideration. 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 Company’s annual goodwill impairment test is performed during the fourth quarter of its fiscal year. The annual impairment test for the year ended December 31, 2017 resulted in impairment charges of $31.8 million . Determining the fair value of reporting units requires significant management judgment in estimating future cash flows and assessing potential market and economic conditions. It is reasonably possible that the Company’s operations will not perform as expected, or that the estimates or assumptions included in the 2017 annual impairment test could change, which may result in the Company recording material non-cash impairment charges during the year in which these changes take place.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2018
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Accrued Expenses and Other Current Liabilities	ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES Accrued expenses and other current liabilities consist of the following: As of (in thousands) March 31, 2018 December 31, 2017 Accrued expenses $ 253,627 $ 301,390 Money transfer settlement obligations 328,962 343,613 Accrued amounts due to mobile operators and other content providers 138,356 92,291 Derivative liabilities 23,424 22,495 Total $ 744,369 $ 759,789

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2018
DEBT OBLIGATIONS [Abstract]
Debt Obligations	DEBT OBLIGATIONS Debt obligations consist of the following: As of (in thousands) March 31, 2018 December 31, 2017 Credit Facility: Term loan, due 2019 $ 48,750 $ 51,094 Revolving credit agreements, due 2019 171,804 3,000 220,554 54,094 Convertible Debt: 1.50% convertible notes, unsecured, due 2044 372,090 369,259 Other obligations 33,097 27,763 Total debt obligations 625,741 451,116 Unamortized debt issuance costs (5,175 ) (5,816 ) Carrying value of debt 620,566 445,300 Short-term debt obligations and current maturities of long-term debt obligations (46,972 ) (41,288 ) Long-term debt obligations $ 573,594 $ 404,012 Credit Facility As of March 31, 2018 , the Company had a $675 million senior secured credit facility (the "Credit Facility") consisting of a $600 million revolving credit facility and a $75 million term loan ("Term Loan A"), which had been reduced to $48.8 million through principal amortization payments. The Credit Facility expires April 9, 2019 . Interest on borrowings under the revolving credit facility and Term Loan A varies based upon the Company's consolidated total leverage ratio, as defined in the Company's credit agreement, and is based on a margin over the London Inter-Bank Offered Rate (“LIBOR”) or a margin over a base rate, as selected by the Company, with the applicable margin ranging from 1.375% to 2.375% for LIBOR loans or 0.375% to 1.375% for base rate loans. Accordingly, the weighted average interest rate for borrowings outstanding under the Company's revolving credit facility and Term Loan A was 3.14% and 3.25% , respectively, as of March 31, 2018 . Convertible Debt The Convertible Senior Notes (“Convertible Notes”) had a principal amount outstanding of $402.5 million as of March 31, 2018 . The Convertible Notes mature in October 2044 unless repurchased or converted prior to such date, and are convertible into shares of Euronet Common Stock at a conversion price of approximately $72.18 per share. Holders of the Convertible Notes have the option to require the Company to purchase their notes at par on October 1, 2020, and have additional options to require the Company to purchase their notes at par on October 1, 2024, 2029, 2034, and 2039, or upon a change in control of the Company. Holders may convert all or any portion of their Convertible Notes at their option at any time prior to October 1, 2044 only under the following circumstances: (1) during any calendar quarter (and only during such calendar quarter), if the closing sale price of the common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on the last trading day of the immediately preceding calendar quarter is greater than 130% of the conversion price on each applicable trading day; (2) during the five consecutive business day period after any ten consecutive trading day period (the measurement period) in which the trading price for the Convertible Notes for each trading day of the measurement period was less than 98% of the product of the closing sale price of the Company's common stock and the conversion rate on each such trading day; or (3) upon the occurrence of specified corporate events. If the holders exercise their option to convert, the Company is required to deliver cash or shares of the Company's common stock, at the Company's option, to satisfy the principal amount and the conversion premium. None of the above conversion conditions are currently in effect. Contractual interest expense for the Convertible Notes was $1.5 million for the three months ended March 31, 2018 and 2017 , respectively. Accretion expense was $2.8 million and $2.7 million for the three months ended March 31, 2018 and 2017 , respectively. The effective interest rate was 4.7% for the three months ended March 31, 2018 . As of March 31, 2018 , the unamortized discount was $30.4 million , and will be amortized through October 1, 2020.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Derivative Instruments and Hedging Activities	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) short-term borrowings that are payable in currencies other than the U.S. dollar. 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 Topic 815, Derivatives and Hedging ("ASC Topic 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 having an offsetting effect. Foreign currency exchange contracts - Ria Operations and Corporate In the United States, the Company's Ria operations use short-duration foreign currency forward contracts, generally with maturities up to 14 days , to offset the fluctuation in foreign currency exchange rates on the collection of money transfer funds between initiation of a transaction and its settlement. Due to the short duration of these contracts and the Company’s credit profile, the Company is generally not required to post collateral with respect to these foreign currency forward contracts. Most derivative contracts executed with counterparties in the U.S. are governed by an International Swaps and Derivatives Association agreement that includes standard netting arrangements; therefore, asset and liability positions from forward contracts and all other foreign exchange transactions with the same counterparty are net settled upon maturity. As of March 31, 2018 , the Company held in its Ria operations foreign currency forward contracts outstanding in the U.S. with a notional value of $301 million , 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 foreign currency denominated other asset and liability positions. As of March 31, 2018 , the Company had foreign currency forward contracts outstanding with a notional value of $132 million , primarily in British pounds, euros and Polish zloty. Foreign currency exchange contracts - HiFX Operations HiFX 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. HiFX aggregates its foreign currency exposures arising from customer contracts and may hedge some or all of the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. Foreign exchange revenues from HiFX's total portfolio of positions were $18.7 million and $15.7 million for the three months ended March 31, 2018 and 2017 , respectively. All of the derivative contracts used in the Company's HiFX operations are economic hedges and are not designated as hedges under ASC Topic 815 . The duration of these derivative contracts is generally less than one year. The fair value of HiFX'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. HiFX 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. HiFX 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 HiFX operations as of March 31, 2018 was approximately $1.3 billion . The majority of customer contracts are written in major currencies such as the U.S. dollar, euro, New Zealand dollar, British pound, and Australian dollar. Balance Sheet Presentation The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below: Asset Derivatives Liability Derivatives Fair Value Fair Value (in thousands) Balance Sheet Location March 31, 2018 December 31, 2017 Balance Sheet Location March 31, 2018 December 31, 2017 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 40,105 $ 36,574 Other current liabilities $ (23,424 ) $ (22,495 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2018 and December 31, 2017 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2018 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 $ 40,105 $ — $ 40,105 $ (15,816 ) $ (7,550 ) $ 16,739 As of December 31, 2017 Derivatives subject to a master netting arrangement or similar agreement $ 36,574 $ — $ 36,574 $ (15,050 ) $ (7,603 ) $ 13,921 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2018 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 $ (23,424 ) $ — $ (23,424 ) $ 15,816 $ 940 $ (6,668 ) As of December 31, 2017 Derivatives subject to a master netting arrangement or similar agreement $ (22,495 ) $ — $ (22,495 ) $ 15,050 $ 2,716 $ (4,729 ) See Note 8, Fair Value Measurements, for the determination of the fair values of derivatives. Income Statement Presentation The following tables summarize the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2018 and 2017 : Amount of Gain (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended (in thousands) 2018 2017 Foreign currency exchange contracts Foreign currency exchange gain, net $ 1,295 $ (4,659 ) (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its HiFX operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements	FAIR VALUE MEASUREMENTS Fair value measurements used in the unaudited consolidated financial statements are based upon the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy distinguishes between (1) market participant assumptions developed based on market data obtained from independent sources (observable inputs) and (2) an entity’s own assumptions about market participant assumptions developed based on the best information available in the circumstances (unobservable inputs). The fair value hierarchy consists of three broad levels, which gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1) and the lowest priority to unobservable inputs (Level 3). The three levels of the fair value hierarchy are described below: • Level 1 – Unadjusted quoted prices in active markets for identical assets or liabilities. • Level 2 – Valuations based on quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable data for substantially the full term of the assets or liabilities. • Level 3 – Unobservable inputs in which little or no market activity exists, therefore requiring an entity to develop its own assumptions about the inputs that market participants would use in pricing. The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis: As of March 31, 2018 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 40,105 $ — $ 40,105 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (23,424 ) $ — $ (23,424 ) As of December 31, 2017 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 36,574 $ — $ 36,574 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (22,495 ) $ — $ (22,495 ) Other Fair Value Disclosures The carrying amounts of cash and cash equivalents, accounts receivable, trade accounts payable, accrued expenses and other current obligations approximate their fair values because of the relatively short-term maturities of these financial instruments. The carrying values of the Company’s long-term debt (other than the Convertible Notes), including the current portion, approximate fair value because interest is primarily based on LIBOR, which resets at various intervals of less than one year. The Company estimates the fair value of the Convertible Notes using quoted prices in inactive markets for identical liabilities (Level 2). As of March 31, 2018 and December 31, 2017 , the fair values of the Convertible Notes were $495.1 million and $503.7 million , respectively, with carrying values of $372.1 million and $369.3 million , respectively.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Information [Abstract]
Segment Information	SEGMENT INFORMATION The Company’s reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting. The Company currently operates in the following three reportable operating segments: 1) Through the EFT Processing Segment, the Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East and Asia Pacific. The Company provides comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, dynamic currency conversion 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 United States and South America. 3) Through the Money Transfer Segment, the Company provides global money transfer services under the brand names Ria, HiFX, IME and xe. Ria 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. HiFX offers account-to-account international payment services to high-income individuals and small-to-medium sized businesses. xe is a provider of foreign currency exchange information and offers money transfers on its currency data websites. 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. The Company provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses under the brand name HiFM. In addition, the Company accounts for non-operating activity, most share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in its administrative division, “Corporate Services, Eliminations and Other.” These services are not directly identifiable with the Company’s reportable operating segments. The following tables present the Company’s reportable segment results for the three months ended March 31, 2018 and 2017 : For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 135,704 $ 176,845 $ 238,836 $ (870 ) $ 550,515 Operating expenses: Direct operating costs 81,837 134,922 127,431 (866 ) 343,324 Salaries and benefits 17,005 14,417 47,357 6,927 85,706 Selling, general and administrative 9,115 8,733 29,699 2,464 50,011 Depreciation and amortization 16,200 1,878 7,895 29 26,002 Total operating expenses 124,157 159,950 212,382 8,554 505,043 Operating income (expense) $ 11,547 $ 16,895 $ 26,454 $ (9,424 ) $ 45,472 For the Three Months Ended March 31, 2017 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 105,752 $ 164,170 $ 203,973 $ (515 ) $ 473,380 Operating expenses: Direct operating costs 62,073 126,160 108,885 (511 ) 296,607 Salaries and benefits 13,746 12,595 38,889 6,633 71,863 Selling, general and administrative 7,186 8,960 22,813 3,028 41,987 Depreciation and amortization 11,785 2,533 7,291 28 21,637 Total operating expenses 94,790 150,248 177,878 9,178 432,094 Operating income (expense) $ 10,962 $ 13,922 $ 26,095 $ (9,693 ) $ 41,286 The following table presents the Company’s property and equipment and total assets by reportable segment: Property and Equipment, net as of Total Assets as of (in thousands) March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 EFT Processing $ 207,284 $ 196,451 $ 1,224,959 $ 1,040,135 epay 29,261 28,135 624,573 695,990 Money Transfer 43,974 43,564 1,301,563 1,255,765 Corporate Services, Eliminations and Other 87 153 6,280 148,139 Total $ 280,606 $ 268,303 $ 3,157,375 $ 3,140,029

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2018
INCOME TAXES [Abstract]
Income Taxes	INCOME TAXES The Company's effective income tax rate was 34.2% and 24.2% for the three months ended March 31, 2018 and 2017 , respectively. The Company's effective income tax rate for the three months ended March 31, 2017 was less than the applicable statutory rate of 35% primarily as a result of the Company's U.S. tax position. The Company had significant U.S. federal tax net operating loss carryforwards with no recent history of significant U.S. taxable income; therefore, the Company had recorded a valuation allowance against its net U.S. deferred tax assets. Accordingly, in instances when the Company generated pre-tax U.S. GAAP income, no income tax expense was recognized to the extent there were net operating loss carryforwards to offset the pre-tax U.S. GAAP income. The Company's effective income tax rate for the three months ended March 31, 2018 was higher than the applicable statutory income tax rate of 21% as a result of the enactment into law what is commonly known as the Tax Cuts and Jobs Act of 2017 (the "Act") and the Act's impact on the Company's U.S. income tax positions at the end of 2017. The most significant provisions of the Act are the transition tax on previously undistributed foreign earnings of foreign subsidiaries, the reduction in the U.S. corporate statutory income tax rate from 35% to 21% beginning on January 1, 2018, and new taxes on certain foreign sourced earnings. As stated above, the Company had recorded a valuation allowance against its net U.S. deferred tax assets. Upon enactment of the Act, the Company expected to utilize its historic U.S. federal tax net operating losses to partially offset the transition tax and released the associated valuation allowance in the fourth quarter of 2017. This change has created additional U.S. tax expense as the Company now recognizes income tax expense on its pre-tax U.S. GAAP income. In addition, the Act's global intangible low-taxed income ("GILTI") provision has subjected the Company's foreign earnings to additional U.S. tax expense. The SEC staff issued Staff Accounting Bulletin ("SAB") 118, which provides guidance on accounting for the tax effects of the Act. SAB 118 provides a measurement period of up to one year from the Act's enactment date for companies to complete their accounting. In accordance with SAB 118, we provided provisional amounts where appropriate which we believe represent a reasonable estimate based on available information and our interpretations of the Act. Further, the Company is allowed to either recognize deferred taxes for temporary differences expected to reverse as GILTI in future years or recognize such taxes as current period expenses when incurred. Due to the complexity of calculating GILTI, we have not determined which method we will apply. We will continue to evaluate the Act and adjust the provisional amounts as additional information becomes available.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2018
Other Commitments [Line Items]
Commitments	COMMITMENTS As of March 31, 2018 , the Company had $85.4 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $56.8 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $4.0 million of cash deposits held by the respective issuing banks. Under certain circumstances, Euronet grants guarantees in support of obligations of subsidiaries. As of March 31, 2018 , the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $17.5 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $21.8 million over the terms of agreements with the customers. Once each of Euronet's subsidiaries reaches a certain size, it is required under the Credit Facility to provide a guarantee of all or a portion of the outstanding obligations under the Credit Facility depending upon whether the subsidiary is a domestic or foreign entity. 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 March 31, 2018 , the balance of cash used in the Company's ATM networks for which the Company was responsible was approximately $422 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 systems of internal controls and insurance policies to mitigate this exposure; • In connection with the license of proprietary systems to customers, the Company provides certain warranties and infringement indemnities to the licensee, which generally warrant that such systems do not infringe on intellectual property owned by third parties and that the systems will perform in accordance with their specifications; • Euronet has entered into purchase and service agreements with vendors and consulting agreements with providers of consulting services, pursuant to which the Company has agreed to indemnify certain of such vendors and consultants, respectively, against third-party claims arising from the Company’s use of the vendor’s product or the services of the vendor or consultant; • In connection with acquisitions and dispositions of subsidiaries, operating units and business assets, the Company has entered into agreements containing indemnification provisions, which can be generally described as follows: (i) in connection with acquisitions of operating units or assets made by Euronet, the Company has agreed to indemnify the seller against third-party claims made against the seller relating to the operating unit or asset and arising after the closing of the transaction, and (ii) in connection with dispositions made by Euronet, Euronet has agreed to indemnify the buyer against damages incurred by the buyer due to the buyer’s reliance on representations and warranties relating to the subject subsidiary, operating unit or business assets in the disposition agreement if such representations or warranties were untrue when made; and • Euronet has entered into agreements with certain third parties, including banks that provide fiduciary and other services to Euronet or to the Company’s benefit plans. Under such agreements, the Company has agreed to indemnify such service providers for third-party claims relating to carrying out their respective duties under such agreements. The Company is also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which the Company has money transfer operations. The Company has obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities. To date, the Company is not aware of any significant claims made by the indemnified parties or third parties to guarantee agreements with the Company and, accordingly, no liabilities were recorded as of March 31, 2018 or December 31, 2017 .

Litigation and Contingencies

Litigation and Contingencies	3 Months Ended
	Mar. 31, 2018
Loss Contingencies [Line Items]
Litigation and Contingencies	LITIGATION AND CONTINGENCIES From time to time, the Company is a party to legal or regulatory proceedings arising in the ordinary course of its business. Currently, there are no legal proceedings or regulatory findings that management believes, either individually or in the aggregate, would have a material adverse effect on the Company's consolidated financial condition or results of operations. In accordance with U.S. GAAP, the Company records a liability when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. These provisions are reviewed at least quarterly and adjusted to reflect the impacts of negotiations, settlements, rulings, advice of legal counsel, and other information and events pertaining to a particular case.

Recent Accounting Pronouncement

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2018
Summary of Significant Accounting Policies and Practices [Abstract]
Recently Issued and Adopted Accounting Pronouncements	In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update (“ASU”) 2014-09, “ Revenue from Contracts with Customers (Topic 606)” (“Topic 606”), and subsequently modified the standard with several ASUs. The Company adopted the standard on January 1, 2018 using the modified retrospective method applied to those contracts which were not completed as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting under Topic 605. The Company completed its review of customer contracts relative to the requirements of Topic 606 and concluded that revenues from certain customer contracts in the epay Segment should be recorded differently under the principal versus agent guidance of Topic 606. With respect to those contracts, the Company concluded that it earns a commission from content providers for distributing and processing their prepaid mobile airtime and other electronic payment products, but it is not the principal for the products themselves. As a result, the impact of the change in accounting principle was a $22.6 million reduction in both revenues and direct operating expenses for the three months ended March 31, 2018. Contract Balances The new standard requires the deferral of incremental costs to obtain customer contracts, known as contract assets, which are then amortized to expense as part of selling, general and administrative expense over the respective periods of expected benefit. The Company completed its review of such costs and concluded that a transition adjustment was not necessary related to contract assets. However, the Company has implemented processes and controls to record such costs on an ongoing basis and will disclose them if they become material. The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the three months ended March 31, 2018 is primarily driven by $17.6 million of cash payments received or due in advance of satisfying the performance obligations, offset by $15.2 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2017. Variable Consideration Within the EFT segment, outsourcing services area generally billed on the basis of a fixed 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. These fees can be variable based on transaction volume tiered discounts; however, as all tiered discounts are calculated monthly, the actual discount is recorded on a monthly basis. In addition, the epay segment generates commissions from the distribution of electronic content. It is common for these long-term contracts to contain award fees, incentive fees, or other provisions that can either increase or decrease the transaction price. These variable amounts generally are awarded upon achievement of certain performance metrics or program milestones and can be based upon customer discretion. Transaction fees, as well as any tiered volume discounts or incentive fees, are calculated and billed monthly in accordance with the terms established in the contract. The Company estimates variable consideration at the most likely amount to which it expects to be entitled. The Company includes estimated amounts in the transaction price to the extent it is probable that a significant reversal of cumulative revenue recognized will not occur when the uncertainly associated with the variable consideration is resolved. Estimates of variable consideration and determination of whether to include estimated amounts in the transaction price are based largely on as assessment of Euronet's anticipated performance and all information (historical, current and forecast) that is reasonably available. Arrangements with Multiple Performance Obligations The Company's most significant revenues are generated from transaction fees for which there are no remaining performance obligations left to fulfill after revenue is recognized. An insignificant amount of revenues are generated from contracts with customers which may include multiple performance obligations. For such arrangements, Euronet allocates revenues to each performance obligation based on its relative standalone selling price. Disaggregation of Revenues Revenues are recognized when control of the promised goods or services is transferred to Euronet's customers, in an amount that reflects the consideration it expects to be entitled to in exchange for goods or services. The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region. For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Europe 100,087 113,451 73,958 287,496 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Total $ 135,704 $ 176,845 $ 238,836 $ 551,385 For the Three Months Ended March 31, 2017 (in thousands) EFT Processing epay Money Transfer Total North America $ 7,398 $ 16,971 $ 121,548 $ 145,917 Europe 75,895 119,834 55,723 251,452 Asia Pacific 22,456 22,927 24,796 70,179 Other 3 4,438 1,906 6,347 Total $ 105,752 $ 164,170 $ 203,973 $ 473,895 As noted above, prior period amounts have not been adjusted under the modified retrospective method. In March 2016, the FASB issued ASU 2016-04, Recognition of Breakage for Certain Prepaid Stored-Value Products. The new standard specifies that liabilities within its scope are considered to be financial liabilities, and amends the guidance in ASC 405-20, Extinguishments of Liabilities, by directing entities to derecognize prepaid stored-value product liabilities based on expected breakage in proportion to the pattern of rights expected to be exercised by the consumer. Derecognition for breakage is permitted only to the extent that it is probable that a significant reversal of recognized breakage will not subsequently occur. The new standard is consistent with the breakage guidance in Topic 606. The ASU is effective for annual periods beginning after December 15, 2017, and is applied either using a modified retrospective transition method or retrospectively. Early adoption is permitted. The Company adopted this ASU as of January 1, 2018 along with Topic 606. The adoption of this standard did not have a significant impact on the Company's consolidated financial statements and related disclosures. In August 2016, the FASB issued an accounting standard classified under FASB ASC Topic 230, “Statement of Cash Flows”. This accounting standard provides guidance on eight specific cash flow issues. Subsequently, the FASB issued amendments to this accounting standard that required companies to include restricted cash and restricted cash equivalents with cash and cash equivalents when reconciling the statement of cash flows. The amendments were effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The Company adopted these standards as of January 1, 2018. The adoption of these accounting standards resulted in an increase in net cash provided by operating activities of $20.0 million for the three months ended March 31, 2017. As of March 31, 2018, the Company had $63.8 million of restricted cash consisting of restricted cash held in trust and/or cash held on behalf of others and cash collateral on bank credit arrangements. 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. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting , which clarifies the changes to terms or conditions of a share-based payment award that require an entity to apply modification accounting. The amendments of this ASU are effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017 and prospective application is required. The Company adopted ASU 2017-09 as of January 1, 2018 and the adoption did not have a significant impact on its consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842) , which will update the existing guidance on accounting for leases and require new qualitative and quantitative disclosures about the Company’s leasing activities. The new standard requires lessees to account for all leases on the balance sheet, except for certain short-term leases that have a maximum possible lease term of 12 months. The accounting for lessors is largely unchanged from the previous accounting guidance, except for leverage lease accounting which is not permitted for leases entered into or modified after the effective date of the new standard. The new standard is effective for annual periods beginning after December 15, 2018 and interim periods within those annual periods, with early adoption permitted. In transition, lessees and lessors are required to recognize and measure leases at the beginning of the earliest period presented using a modified retrospective approach. The modified retrospective approach includes a number of optional practical expedients that the Company may elect to apply. The Company is currently evaluating the expected impact of the adoption of this standard on its consolidated financial statements and related disclosures. In June 2016, the FASB issued ASU 2016-13, Financial Instruments - Credit Losses (Topic 326), which requires entities to measure all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. This replaces the existing incurred loss model and is applicable to the measurement of credit losses on financial assets measured at amortized cost. This guidance is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Early application will be permitted for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2018. The Company is currently in the process of evaluating the effect of the adoption of ASU 2016-13 on its consolidated financial statements.

Recently Issued Accounting Pr20

Recently Issued Accounting Pronouncements (Table)	3 Months Ended
	Mar. 31, 2018
Accounting Policies [Abstract]
Schedule of Revenues by Segment by Region [Table Text Block]	For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Europe 100,087 113,451 73,958 287,496 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Total $ 135,704 $ 176,845 $ 238,836 $ 551,385 For the Three Months Ended March 31, 2017 (in thousands) EFT Processing epay Money Transfer Total North America $ 7,398 $ 16,971 $ 121,548 $ 145,917 Europe 75,895 119,834 55,723 251,452 Asia Pacific 22,456 22,927 24,796 70,179 Other 3 4,438 1,906 6,347 Total $ 105,752 $ 164,170 $ 203,973 $ 473,895 As noted above, prior period amounts have not been adjusted under the modified retrospective method.

Stocholders' Equity (Tables)

Stocholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table provides the computation of diluted weighted average number of common shares outstanding: Three Months Ended 2018 2017 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 51,899,282 52,345,944 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,578,071 1,706,342 Incremental shares from assumed conversion of convertible notes 475,893 869,493 Diluted weighted average shares outstanding 53,953,246 54,921,779

Goodwill and Acquired Intangi22

Goodwill and Acquired Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Intangible Assets and Goodwill [Table Text Block]	A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2018 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2017 $ 150,543 $ 717,386 $ 867,929 Increases (decreases): Acquisition — 15,229 15,229 Amortization (5,841 ) — (5,841 ) Other (primarily changes in foreign currency exchange rates and impairment) 3,355 10,841 14,196 Balance as of March 31, 2018 $ 148,057 $ 743,456 $ 891,513

Accrued Expenses and Other Cu23

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2018
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities [Table Text Block]	Accrued expenses and other current liabilities consist of the following: As of (in thousands) March 31, 2018 December 31, 2017 Accrued expenses $ 253,627 $ 301,390 Money transfer settlement obligations 328,962 343,613 Accrued amounts due to mobile operators and other content providers 138,356 92,291 Derivative liabilities 23,424 22,495 Total $ 744,369 $ 759,789

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2018
DEBT OBLIGATIONS [Abstract]
Schedule of Debt [Table Text Block]	Debt obligations consist of the following: As of (in thousands) March 31, 2018 December 31, 2017 Credit Facility: Term loan, due 2019 $ 48,750 $ 51,094 Revolving credit agreements, due 2019 171,804 3,000 220,554 54,094 Convertible Debt: 1.50% convertible notes, unsecured, due 2044 372,090 369,259 Other obligations 33,097 27,763 Total debt obligations 625,741 451,116 Unamortized debt issuance costs (5,175 ) (5,816 ) Carrying value of debt 620,566 445,300 Short-term debt obligations and current maturities of long-term debt obligations (46,972 ) (41,288 ) Long-term debt obligations $ 573,594 $ 404,012

Derivative Instruments and He25

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	The following table summarizes the fair value of the derivative instruments as recorded in the Consolidated Balance Sheets as of the dates below: Asset Derivatives Liability Derivatives Fair Value Fair Value (in thousands) Balance Sheet Location March 31, 2018 December 31, 2017 Balance Sheet Location March 31, 2018 December 31, 2017 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 40,105 $ 36,574 Other current liabilities $ (23,424 ) $ (22,495 )
Offsetting Assets and Liabilities [Table Text Block]	The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2018 and December 31, 2017 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2018 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 $ 40,105 $ — $ 40,105 $ (15,816 ) $ (7,550 ) $ 16,739 As of December 31, 2017 Derivatives subject to a master netting arrangement or similar agreement $ 36,574 $ — $ 36,574 $ (15,050 ) $ (7,603 ) $ 13,921 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2018 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 $ (23,424 ) $ — $ (23,424 ) $ 15,816 $ 940 $ (6,668 ) As of December 31, 2017 Derivatives subject to a master netting arrangement or similar agreement $ (22,495 ) $ — $ (22,495 ) $ 15,050 $ 2,716 $ (4,729 )
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following tables summarize the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2018 and 2017 : Amount of Gain (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended (in thousands) 2018 2017 Foreign currency exchange contracts Foreign currency exchange gain, net $ 1,295 $ (4,659 ) (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its HiFX operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
Fair Value Disclosures [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis: As of March 31, 2018 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 40,105 $ — $ 40,105 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (23,424 ) $ — $ (23,424 ) As of December 31, 2017 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 36,574 $ — $ 36,574 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (22,495 ) $ — $ (22,495 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Information [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	The following tables present the Company’s reportable segment results for the three months ended March 31, 2018 and 2017 : For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 135,704 $ 176,845 $ 238,836 $ (870 ) $ 550,515 Operating expenses: Direct operating costs 81,837 134,922 127,431 (866 ) 343,324 Salaries and benefits 17,005 14,417 47,357 6,927 85,706 Selling, general and administrative 9,115 8,733 29,699 2,464 50,011 Depreciation and amortization 16,200 1,878 7,895 29 26,002 Total operating expenses 124,157 159,950 212,382 8,554 505,043 Operating income (expense) $ 11,547 $ 16,895 $ 26,454 $ (9,424 ) $ 45,472 For the Three Months Ended March 31, 2017 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 105,752 $ 164,170 $ 203,973 $ (515 ) $ 473,380 Operating expenses: Direct operating costs 62,073 126,160 108,885 (511 ) 296,607 Salaries and benefits 13,746 12,595 38,889 6,633 71,863 Selling, general and administrative 7,186 8,960 22,813 3,028 41,987 Depreciation and amortization 11,785 2,533 7,291 28 21,637 Total operating expenses 94,790 150,248 177,878 9,178 432,094 Operating income (expense) $ 10,962 $ 13,922 $ 26,095 $ (9,693 ) $ 41,286 The following table presents the Company’s property and equipment and total assets by reportable segment: Property and Equipment, net as of Total Assets as of (in thousands) March 31, 2018 December 31, 2017 March 31, 2018 December 31, 2017 EFT Processing $ 207,284 $ 196,451 $ 1,224,959 $ 1,040,135 epay 29,261 28,135 624,573 695,990 Money Transfer 43,974 43,564 1,301,563 1,255,765 Corporate Services, Eliminations and Other 87 153 6,280 148,139 Total $ 280,606 $ 268,303 $ 3,157,375 $ 3,140,029

Recently Issued Accounting Pr28

Recently Issued Accounting Pronouncements New Accounting Pronouncements or Change in Accounting Principle (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Revenue, Additions	$ 17,600
Deferred Revenue, Revenue Recognized	15,200
Net cash provided by operating activities	27,828	$ 70,803
Restricted cash	63,842		$ 81,374
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	(22,600)
Accounting Standards Update 2014-09 [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Net cash provided by operating activities		20,000
Eft Processing Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	135,704	105,752
Epay Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	176,845	164,170
Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	238,836	203,973
North America [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	178,051	145,917
North America [Member] | Eft Processing Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	8,016	7,398
North America [Member] | Epay Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	41,051	16,971
North America [Member] | Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	128,984	121,548
Europe [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	287,496	251,452
Europe [Member] | Eft Processing Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	100,087	75,895
Europe [Member] | Epay Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	113,451	119,834
Europe [Member] | Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	73,958	55,723
Asia Pacific [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	77,188	70,179
Asia Pacific [Member] | Eft Processing Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	27,594	22,456
Asia Pacific [Member] | Epay Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	17,453	22,927
Asia Pacific [Member] | Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	32,141	24,796
Other geographic locations [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	8,650	6,347
Other geographic locations [Member] | Eft Processing Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	7	3
Other geographic locations [Member] | Epay Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	4,890	4,438
Other geographic locations [Member] | Money Transfer Segment [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 3,753	$ 1,906

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Feb. 27, 2018	Oct. 30, 2014
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	1,151,000	969,000
Debt Instrument, Convertible, Conversion Price				$ 72.18
Share Price	$ 78.92	$ 85.52
Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Stock Repurchase Program, Authorized Amount			$ 375
Stock Repurchase Program, Number of Shares Authorized to be Repurchased			10,000,000
Treasury Stock, Value, Acquired, Cost Method	$ 125

Stockholders' Equity Earnings P

Stockholders' Equity Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Weighted average number of shares outstanding - basic	51,899,282	52,345,944
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,578,071	1,706,342
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	475,893	869,493
Weighted Average Number of Shares Outstanding, Diluted	53,953,246	54,921,779

Goodwill and Acquired Intangi31

Goodwill and Acquired Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Goodwill and Finite-lived Intangible Assets Rollforward [Roll Forward]
Finite-Lived Intangible Assets, Net	$ 148,057	$ 150,543
Finite-Lived Intangible Assets, Amortization Expense	(5,841)
Finite-lived intangible assets, other changes	3,355
Goodwill	743,456	717,386
Goodwill, Other Changes	10,841
Intangible Assets, Net (Including Goodwill)	891,513	867,929
Total intangible assets amortization expense	(5,841)
Total intangible assets, other changes	14,196
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	17,600
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	22,500
Finite-Lived Intangible Assets, Amortization Expense, Year Two	21,700
Finite-Lived Intangible Assets, Amortization Expense, Year Three	20,700
Finite-Lived Intangible Assets, Amortization Expense, Year Four	19,600
Finite-Lived Intangible Assets, Amortization Expense, Year Five	14,500
Finite-lived Intangible Assets Acquired	0
Goodwill, Acquired During Period	15,229
Total intangible assets acquired during period	$ 15,229
Goodwill, Impairment Loss		$ 31,770

Accrued Expenses and Other Cu32

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Accrued expenses	$ 253,627	$ 301,390
Accrued amounts due to mobile operators and other content providers	138,356	92,291
Money transfer settlement obligations	328,962	343,613
Derivative liabilities	23,424	22,495
Accrued expenses and other current liabilities	$ 744,369	$ 759,789

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Oct. 30, 2014
Debt Instrument [Line Items]
Term Loan A	$ 48,750		$ 51,094
Revolving Credit Facility, Interest Rate at Period End	3.14%
Term Loan A, Weighted Average Interest Rate	3.25%
Debt Instrument, Face Amount	$ 402,500
Debt Instrument, Convertible, Conversion Price				$ 72.18
Minimum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.375%
Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.375%
Maximum [Member] | LIBOR [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.375%
Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.375%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 600,000
Term Loan A [Member]
Debt Instrument [Line Items]
Term Loan A	75,000
Senior Secured Credit Facility [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 675,000
Credit Facility Expiration Date	Apr. 9, 2019
1.5% Issue [Member]
Debt Instrument [Line Items]
Interest Expense, Debt	$ 1,500	$ 1,500
Amortization of Debt Discount (Premium)	$ 2,800	$ 2,700
Debt Instrument, Interest Rate During Period	4.70%
Debt Instrument, Unamortized Discount	$ 30,400

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Total Debt [Roll Forward]
Term Loan A	$ 48,750	$ 51,094
Revolving Credit Facility	171,804	3,000
Line of Credit Facility, Fair Value of Amount Outstanding	220,554	54,094
Convertible Debt	372,090	369,259
Other Debt	33,097	27,763
Debt, Long-term and Short-term, Combined Amount	625,741	451,116
Unamortized Debt Issuance Expense	(5,175)	(5,816)
Debt, net of debt issuance costs	620,566	445,300
Long-term Debt, Current Maturities	(46,972)	(41,288)
Debt obligations, net of current portion	$ 573,594	$ 404,012

Derivative Instruments and He35

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 301
Corporate Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	132
HiFX Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 1,300
Maximum [Member] | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term	14 days
Trading Revenue [Member] | HiFX Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign Currency Exchange Margin	$ 18.7	$ 15.7

Derivative Instruments and He36

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Derivatives, Fair Value [Line Items]
Foreign Currency Derivative Instruments, Asset at Fair Value	$ 40,105	$ 36,574
Foreign Currency Derivative Instruments, Liability at Fair Value	$ (23,424)	$ (22,495)

Derivative Instruments and He37

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Derivative Assets, Fair Value, Gross Assets	$ 40,105	$ 36,574
Gross Amount of Eligible Offsetting Recognized Derivative Liabilities	0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	40,105	36,574
Derivative Asset, Not Offset, Policy Election Deduction	(15,816)	(15,050)
Cash Collateral Received	(7,550)	(7,603)
Derivative Asset, Fair Value, Amount Offset Against Collateral	16,739	13,921
Derivative Liability, Fair Value, Gross Liability	(23,424)	(22,495)
Gross Amount of Eligible Offsetting Recognized Derivative Assets	0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(23,424)	(22,495)
Derivative Liability, Not Offset, Policy Election Deduction	15,816	15,050
Cash Collateral Paid	940	2,716
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ (6,668)	$ (4,729)

Derivative Instruments and He38

Derivative Instruments and Hedging Activities (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Ria Operations and Corporate [Member] | Foreign Currency Gain (Loss) [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 1,295	$ (4,659)

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	$ 495,100	$ 503,700
Convertible Debt	372,090	369,259
Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	40,105	36,574
Foreign Currency Contracts, Liability, Fair Value Disclosure	(23,424)	(22,495)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	40,105	36,574
Foreign Currency Contracts, Liability, Fair Value Disclosure	(23,424)	(22,495)
Fair Value, Measurements, Recurring [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	0	0
Foreign Currency Contracts, Liability, Fair Value Disclosure	$ 0	$ 0

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)	Dec. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	3
Revenues	$ 550,515	$ 473,380
Direct operating costs	343,324	296,607
Salaries and benefits	85,706	71,863
Selling, general and administrative	50,011	41,987
Depreciation and amortization	26,002	21,637
Total operating expenses	505,043	432,094
Operating income (expense)	45,472	41,286
Property, Plant and Equipment, Net	280,606		$ 268,303
Assets	3,157,375		3,140,029
Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	135,704	105,752
Direct operating costs	81,837	62,073
Salaries and benefits	17,005	13,746
Selling, general and administrative	9,115	7,186
Depreciation and amortization	16,200	11,785
Total operating expenses	124,157	94,790
Operating income (expense)	11,547	10,962
Property, Plant and Equipment, Net	207,284		196,451
Assets	1,224,959		1,040,135
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	176,845	164,170
Direct operating costs	134,922	126,160
Salaries and benefits	14,417	12,595
Selling, general and administrative	8,733	8,960
Depreciation and amortization	1,878	2,533
Total operating expenses	159,950	150,248
Operating income (expense)	16,895	13,922
Property, Plant and Equipment, Net	29,261		28,135
Assets	624,573		695,990
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	238,836	203,973
Direct operating costs	127,431	108,885
Salaries and benefits	47,357	38,889
Selling, general and administrative	29,699	22,813
Depreciation and amortization	7,895	7,291
Total operating expenses	212,382	177,878
Operating income (expense)	26,454	26,095
Property, Plant and Equipment, Net	43,974		43,564
Assets	1,301,563		1,255,765
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Revenues	(870)	(515)
Direct operating costs	(866)	(511)
Salaries and benefits	6,927	6,633
Selling, general and administrative	2,464	3,028
Depreciation and amortization	29	28
Total operating expenses	8,554	9,178
Operating income (expense)	(9,424)	$ (9,693)
Property, Plant and Equipment, Net	87		153
Assets	$ 6,280		$ 148,139

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income taxes [Line Items]
Effective Income Tax Rate	34.20%	24.20%
Federal Statutory Income Tax Rate, Percent	21.00%	35.00%

Commitments (Details)

Commitments (Details) $ in Millions	Mar. 31, 2018USD ($)
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	$ 85.4
Revolving Credit Facility [Member]
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	56.8
Cash and Cash Equivalents [Member]
Other Commitments [Line Items]
Pledged Assets, Not Separately Reported, Other	4
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	17.5
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	21.8
Indemnification Agreement [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 421.8