Euronet Worldwide (EEFT) 10-Q 8 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 06, 2019
Entity Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE INC
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		51,964,031

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 1,216,297	$ 1,054,357
Restricted cash	74,945	76,595
Trade accounts receivable, net of allowances for doubtful accounts of $24,564 at March 31, 2019 and $24,287 at December 31, 2018	715,612	693,616
Prepaid expenses and other current assets	228,675	263,019
Total current assets	2,235,529	2,087,587
Operating right of use lease asset	351,169
Property and equipment, net of accumulated depreciation of $381,406 at March 31, 2019 and $373,180 at December 31, 2018	303,796	291,869
Goodwill	704,054	704,197
Acquired intangible assets, net of accumulated amortization of $197,060 at March 31, 2019 and $190,920 at December 31, 2018	110,143	114,485
Other assets, net of accumulated amortization of $52,514 at March 31, 2019 and $50,821 at December 31, 2018	109,362	123,017
Total assets	3,814,053	3,321,155
Current liabilities:
Trade accounts payable	408,798	528,913
Accrued expenses and other current liabilities	758,914	712,012
Current portion of operating lease liabilities	114,654
Current portion of capital lease obligations	5,545	5,458
Short-term debt obligations and current maturities of long-term debt obligations	360,358	38,017
Income taxes payable	40,227	40,159
Deferred revenue	61,456	59,293
Total current liabilities	1,744,407	1,378,394
Debt obligations, net of current portion	412,862	589,782
Operating lease obligations, net of current portion	225,093
Deferred income taxes	82,143	57,145
Other long-term liabilities	61,638	62,992
Total liabilities	2,526,143	2,088,313
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; 60,035,677 issued at March 31, 2019 and 59,897,309 issued at December 31, 2018	1,201	1,198
Additional paid-in-capital	1,142,691	1,104,264
Treasury stock, at cost, 8,085,537 shares at March 31, 2019 and 8,077,311 shares at December 31, 2018	(393,307)	(391,551)
Retained earnings	704,348	669,805
Accumulated other comprehensive loss	(167,199)	(151,043)
Total Euronet Worldwide, Inc. stockholders' equity	1,287,734	1,232,673
Noncontrolling interests	176	169
Total equity	1,287,910	1,232,842
Total liabilities and equity	$ 3,814,053	$ 3,321,155

Balance Sheet Parenthetical (Pa

Balance Sheet Parenthetical (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Allowance for doubtful accounts receivable	$ 24,564	$ 24,287
Accumulated depreciation of property and equipment	381,406	373,180
Accumulated amortization of intangible assets	197,060	190,920
Accumulated amortization of other assets	$ 52,514	$ 50,821
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	60,035,677	59,897,309
Treasury Stock, shares	8,085,537	8,077,311

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenues	$ 577,509	$ 550,515
Operating expenses:
Direct operating costs	353,833	343,324
Salaries and benefits	92,795	85,706
Selling, general and administrative	48,147	50,011
Depreciation and amortization	26,640	26,002
Total operating expenses	521,415	505,043
Operating income	56,094	45,472
Other income (expense):
Interest income	343	296
Interest expense	(8,199)	(7,606)
Loss on early retirement of debt	(928)	0
Loss from unconsolidated affiliates	0	(117)
Foreign currency exchange (loss) gain, net	3,208	1,935
Other gains	25	31
Other (expense) income, net	(5,551)	(5,461)
Income before income taxes	50,543	40,011
Income tax expense	(15,964)	(13,667)
Net income	34,579	26,344
Net loss attributable to noncontrolling interests	(36)	69
Net income attributable to Euronet Worldwide, Inc.	$ 34,543	$ 26,413
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - basic	$ 0.67	$ 0.51
Earnings per share attributable to Euronet Worldwide, Inc. stockholders - diluted	$ 0.62	$ 0.49
Weighted average number of shares outstanding - basic	51,880,534	51,899,282
Weighted average number of shares outstanding - diluted	55,576,867	53,953,246

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 34,579	$ 26,344
Translation adjustment	(16,156)	22,948
Comprehensive (loss) income	18,423	49,292
Comprehensive loss (income) attributable to noncontrolling interests	(7)	15
Comprehensive (loss) income attributable to Euronet Worldwide, Inc.	$ 18,416	$ 49,307

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Payments of Debt Issuance Costs	$ (11,812)
Net income	34,579	$ 26,344
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	26,640	26,002
Share-based compensation	4,490	4,029
Unrealized foreign exchange loss (gain), net	(3,208)	(1,935)
Deferred income taxes	3,468	2,818
Loss from unconsolidated affiliates	0	117
Accretion of convertible debt discount and amortization of debt issuance costs	4,071	3,477
Changes in working capital, net of amounts acquired:
Income taxes payable, net	635	(674)
Trade accounts receivable	(31,456)	51,720
Prepaid expenses and other current assets	33,787	36,763
Trade accounts payable	(115,380)	(98,581)
Deferred revenue	3,005	2,501
Accrued expenses and other current liabilities	51,377	(28,241)
Changes in noncurrent assets and liabilities	953	3,488
Net cash provided by operating activities	12,961	27,828
Cash flows from investing activities:
Acquisitions, net of cash acquired	0	(7,257)
Purchases of property and equipment	(31,390)	(24,415)
Purchases of other long-term assets	(1,783)	(1,808)
Other, net	187	201
Net cash used in investing activities	(32,986)	(33,279)
Cash flows from financing activities:
Proceeds from issuance of shares	5,171	2,300
Repurchase of shares	(2,275)	(126,577)
Borrowings from revolving credit agreements	1,209,446	1,010,643
Repayments of revolving credit agreements	(1,425,398)	(841,786)
Proceeds from Convertible Debt	525,000	0
Repayments of long-term debt obligations	(94,199)	(2,449)
Borrowings from short-term debt obligations, net	(11,779)	1,557
Other, net	(1,452)	(1,792)
Net cash provided by financing activities	192,702	41,896
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(12,387)	12,525
Increase in cash and cash equivalents and restricted cash	160,290	48,970
Cash and cash equivalents and restricted cash, period start	1,130,952	900,518
Cash and cash equivalents and restricted cash, period end	1,291,242	949,488
Interest paid during the period	5,491	5,621
Income taxes paid during the period	$ 12,074	$ 11,981

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity Statement - USD ($) $ in Thousands	Total	Retained Earnings [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	AOCI Attributable to Parent [Member]	Noncontrolling Interest [Member]
Total Euronet Worldwide Inc. stockholders' equity at Dec. 31, 2017	$ 1,199,478	$ 436,954	$ 1,178	$ 1,072,005	$ (217,161)	$ (94,458)	$ 960
Number of Shares Outstanding Period Start at Dec. 31, 2017	52,808,158
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			116,358
Number of Shares Outstanding Period End at Mar. 31, 2018	51,505,621
Net Income	$ 26,413	26,413
Net income attributable to noncontrolling interest	(69)						(69)
Net income	26,344
Other Comprehensive Income (Loss), Net of Tax	22,948					22,894	54
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	1,233		$ 2	2,468	(1,237)
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	4,029			4,029
Treasury Stock, Shares, Acquired			(1,418,895)
Treasury Stock, Value, Acquired, Cost Method	(125,000)				(125,000)
Total Euronet Worldwide Inc. stockholders' equity at Mar. 31, 2018	1,129,032	463,367	$ 1,180	1,078,502	(343,398)	(71,564)	945
Total Euronet Worldwide Inc. stockholders' equity at Dec. 31, 2018	$ 1,232,842	669,805	$ 1,198	1,104,264	(391,551)	(151,043)	169
Number of Shares Outstanding Period Start at Dec. 31, 2018	51,819,998
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			130,136
Number of Shares Outstanding Period End at Mar. 31, 2019	51,950,140
Net Income	$ 34,543	34,543
Net income attributable to noncontrolling interest	36						36
Net income	34,579
Other Comprehensive Income (Loss), Net of Tax	(16,185)					(16,156)	(29)
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	3,441		$ 3	5,194	(1,756)
Adjustments to Additional Paid in Capital, Share-based Compensation, Requisite Service Period Recognition	4,490			4,490
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt	71,660			71,660
Stock Issued During Period, Shares, Conversion of Convertible Securities			6
Adjustments to Additional Paid in Capital, Equity Component of Convertible Debt, Subsequent Adjustments	(42,917)			(42,917)
Total Euronet Worldwide Inc. stockholders' equity at Mar. 31, 2019	$ 1,287,910	$ 704,348	$ 1,201	$ 1,142,691	$ (393,307)	$ (167,199)	$ 176

General

General	3 Months Ended
	Mar. 31, 2019
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, 2018 , including the notes thereto, set forth in the Company’s 2018 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, 2019 . Seasonality Euronet’s EFT Processing Segment experiences its heaviest demand for ATM cash withdrawal transaction and dynamic currency conversion ("DCC") services during the third quarter of the fiscal year, coinciding with the tourism season followed by lower transaction levels during the fourth quarter. Additionally, the epay Segments is 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 and Adopted Acc

Recently Issued and Adopted Accounting Pronouncements	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Recently Issued and Adopted Accounting Pronouncements	RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS The Company adopted Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), as amended, as of January 1, 2019, using the modified retrospective approach and comparative periods were not restated. The new standards provide a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard the Company’s prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected to combine lease and non-lease components and to include short-term leases with an initial term of 12 months or less on the balance sheet. In addition, the Company elected the hindsight practical expedient to determine the lease term for existing leases. The election of the hindsight practical expedient resulted in, for substantially all leases in effect on January 1, 2019, the lease term for implementation of this pronouncement, as the lease’s life being January 1, 2019 through the lease’s contractual termination date, rather than the actual lease life as set out in the lease agreement. Lease lives for lease agreements committed to on January 1, 2019 and, thereafter, are included based on the lease’s commencement date and termination date. In the application of hindsight, the Company evaluated the performance of all the leases and the associated markets in relation to the Company’s operations, which resulted in the determination that the exercise of renewal options would not be reasonably certain in determining the expected lease term. Adoption of the new standard resulted in the recognition of additional operating right of use lease assets and lease liabilities of approximately $296.9 million , as of January 1, 2019. The Company reclassified $16.6 million and $2.7 million of deferred cost and deferred credits, respectively, to Right of use (ROU) lease assets as of March 31, 2019. In June 2016, the Financial Accounting Standards Board ("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 is 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, 2019
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 2019 2018 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 51,880,534 51,899,282 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,285,139 1,578,071 Incremental shares from assumed conversion of convertible notes 2,411,194 475,893 Diluted weighted average shares outstanding 55,576,867 53,953,246 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, 2019 and 2018 . 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 402,000 for the three months ended March 31, 2019 and approximately 1,151,000 for the three months ended March 31, 2018 . The Company's convertible notes have settlement features requiring the Company upon conversion to settle the principal amount of the debt and any conversion value in excess of the principal value ("conversion premium"), for cash or shares of the Company's common stock or a combination thereof, at the Company's option. 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 $188.73 per share and $72.18 per share for the new Convertible Senior Notes ("Convertible Notes") issued on March 18, 2019 and the existing convertible notes due on 2044, respectively. The dilutive effect increases the more the market price exceeds the conversion price. Upon issuance of the Convertible Notes, the Company provided a notice of redemption to the trustee of the indenture governing the existing convertible notes. As of March 31, 2019 and 2018 , the stock price exceeded the conversion price and the existing convertible notes were dilutive to earnings per share. Further, as a result of the share price increasing from $78.92 at March 31, 2018 to $142.59 at March 31, 2019 , there was an increase 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. For the three months ended March 31, 2019 , the remaining maximum dollar value of shares that may yet be purchased under the Repurchase program was $200.0 million . 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 first quarter of 2019 , the Company did not make any repurchases under the Repurchase Program. In connection with the issuance of the Convertible Notes, the Board of Directors of the Company authorized the Company to repurchase up to $120 million of the Company’s common stock concurrently with or following the issuance of the Convertible Notes. This authorization will expire on March 11, 2021. For the first quarter 2019, the Company did not make any repurchases under this special authorization. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded foreign currency translation losses of $16.2 million for the three months ended March 31, 2019 , and gains of $22.9 million for the three months ended March 31, 2018 . There were no reclassifications of foreign currency translation into the consolidated statements of income for the three months ended March 31, 2019 and 2018 .

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	3 Months Ended
	Mar. 31, 2019
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, 2019 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2018 $ 114,485 $ 704,197 $ 818,682 Increases (decreases): Acquisition — 686 686 Amortization (5,186 ) — (5,186 ) Other (primarily changes in foreign currency exchange rates) 844 (829 ) 15 Balance as of March 31, 2019 $ 110,143 $ 704,054 $ 814,197 Estimated amortization expense on intangible assets with finite lives, before income taxes, as of March 31, 2019 , is expected to total $15.5 million for the remainder of 2019 , $19.9 million for 2020 , $19.0 million for 2021 , $18.0 million for 2022 , $13.2 million for 2023 and $6.7 million for 2024 . The Company completed the acquisitions of a small Indonesian business for an immaterial amount of cash consideration. The acquisition has been accounted for as business combinations 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, 2018 resulted in no impairment charge. 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 2018 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, 2019
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, 2019 December 31, 2018 Money transfer settlement obligations $ 464,888 $ 310,710 Accrued expenses 187,521 293,864 Accrued amounts due to mobile operators and other content providers 73,434 65,878 Derivative liabilities 27,526 36,102 Current portion of capital lease obligations $ 5,545 $ 5,458 Total $ 758,914 $ 712,012

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2019
DEBT OBLIGATIONS [Abstract]
DEBT OBLIGATIONS	DEBT OBLIGATIONS Debt obligations consist of the following: As of (in thousands) March 31, 2019 December 31, 2018 Credit Facility: Revolving credit agreements, due 2023 $ — $ 215,725 Convertible Debt: 1.50% convertible notes, unsecured, due 2044 333,886 379,859 0.75% convertible notes, unsecured, due 2049 425,947 — Other obligations 26,845 38,513 Total debt obligations 786,678 634,097 Unamortized debt issuance costs (13,458 ) (6,298 ) Carrying value of debt 773,220 627,799 Short-term debt obligations and current maturities of long-term debt obligations (360,358 ) (38,017 ) Long-term debt obligations $ 412,862 $ 589,782 Credit Facility On October 17, 2018, the Company entered into a new unsecured revolving credit agreement (the "Credit Facility") for $1.0 billion that expires on October 17, 2023 . Fees and interest on borrowings are based upon the Company's corporate credit rating and are based, in the case of letter of credit fees, on a margin , and in the case of interest, on a margin over London Inter-Bank Offered Rate (“LIBOR”) or a margin over the base rate, as selected by the Company, with the applicable margin ranging from 1.125% to 2.0% or 0.175% to 1.0% for base rate loans. The Credit Facility allows for borrowings in Australian Dollars, British Pounds Sterling, Canadian Dollars, Czech Koruna, Danish Krone, Euros, Hungarian Forints, Japanese Yen, New Zealand Dollars, Norwegian Krone, Polish Zlotys, Swedish Krona, Swiss Francs, and U.S. Dollars. Convertible Debt O n March 18, 2019, the Company completed the sale of $525 million of Convertible Senior Notes ("Convertible Notes"). The Convertible Notes mature in March 2049 unless repurchased or converted prior to such date, and are convertible into shares of Euronet Common Stock at a conversion price of approximately $188.73 per share. The Company used $94.2 million of the new debt to repurchase $49 million aggregate principal amount of the Company's 1.5% Convertible Senior Notes outstanding due 2044 (the "Existing Convertible Notes") from a limited number of holders in privately negotiated transactions. The Company expects to use the remainder of the net proceeds for general corporate purposes, which may include redeeming the remaining Existing Convertible Notes, repaying borrowings outstanding under the Credit Facility, share repurchases or acquisitions. On March 18, 2019, the Company provided a notice of redemption to the trustee of the indenture governing the Existing Convertible Notes (the "Existing Indenture"), pursuant to which the Company will redeem all of the remaining principal amount outstanding of the Existing Convertible Notes on May 28, 2019 (the "Redemption Date"). The redemption price of the Existing Convertible Notes to be redeemed is cash equal to 100% of the principal amount of the Existing Convertible Notes redeemed plus accrued and unpaid interest, if any, to, but excluding, the Redemption Date. In accordance with ASC 470-20-30-27, proceeds from the issuance of convertible debt is allocated between debt and equity components so that debt is discounted to reflect the Company's nonconvertible debt borrowing rate. ASC 470-20-35-13 requires the debt discount to be amortized over the period the convertible debt is expected to be outstanding as additional non-cash interest expense. The allocation resulted in an increase to additional paid-in capital of $99.7 million and $66.1 million for the Convertible Notes and the Existing Convertible Notes, respectively. The issuance of the Convertible Notes and the redemption of the Existing Convertible Notes resulted in a net $21.5 million recognition of deferred tax liabilities within the additional paid-in capital. Contractual interest expense for the Existing Convertible Notes was $1.5 million for the three months ended March 31, 2019 and 2018 , respectively. Accretion expense was $2.9 million and $2.8 million for the three months ended March 31, 2019 and 2018 , respectively. The effective interest rate was 4.7% for both the three months ended March 31, 2019 and 2018 . As of March 31, 2019 , the unamortized discount was $16.4 million . Contractual interest expense for the Convertible Notes was $0.2 million for the three months ended March 31, 2019 . Accretion expense was $0.6 million for the three months ended March 31, 2019 . The effective interest rate was 4.4% for the three months ended March 31, 2019 . As of March 31, 2019 , the unamortized discount was $99.1 million and will be amortized through March 2025.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2019
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 hedged 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, 2019 , the Company held in its Ria operations foreign currency forward contracts outstanding in the U.S. with a notional value of $338 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, 2019 , the Company had foreign currency forward contracts outstanding with a notional value of $166 million , primarily in 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 $18.6 million and $18.7 million for the three months ended March 31, 2019 and 2018 . 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, 2019 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, 2019 December 31, 2018 Balance Sheet Location March 31, 2019 December 31, 2018 Derivatives not designated as hedging instruments Foreign currency exchange contracts Prepaid expenses and other current assets $ 45,542 $ 44,637 Accrued expenses and other current liabilities $ (27,526 ) $ (36,102 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2019 and December 31, 2018 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2019 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 $ 45,542 $ — $ 45,542 $ (21,436 ) $ (7,232 ) $ 16,874 As of December 31, 2018 Derivatives subject to a master netting arrangement or similar agreement $ 44,637 $ — $ 44,637 $ (25,187 ) $ (9,918 ) $ 9,532 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2019 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 $ (27,526 ) $ — $ (27,526 ) $ 21,436 $ 153 $ (5,937 ) As of December 31, 2018 Derivatives subject to a master netting arrangement or similar agreement $ (36,102 ) $ — $ (36,102 ) $ 25,187 $ 2,048 $ (8,867 ) See Note 9, Fair Value Measurements, for the determination of the fair values of derivatives. Income Statement Presentation The following table summarizes the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2019 and 2018 : Amount of Gain Recognized in Income on Derivative Contracts (a) Location of Gain Recognized in Income on Derivative Contracts Three Months Ended (in thousands) 2019 2018 Foreign currency exchange contracts Foreign currency exchange gain, net $ 2,459 $ 1,295 (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, 2019
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, 2019 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 45,542 $ — $ 45,542 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (27,526 ) $ — $ (27,526 ) As of December 31, 2018 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 44,637 $ — $ 44,637 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (36,102 ) $ — $ (36,102 ) 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, 2019 and December 31, 2018 , the fair values of the Existing Convertible Notes were $660.8 million and $571.6 million , respectively, with carrying values of $333.9 million and $379.9 million , respectively. As of March 31, 2019 , the fair value of the Convertible Notes was $581.0 million with carrying value of $425.9 million .

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
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, Asia Pacific and the United States. The Company provides comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, dynamic currency conversion, domestic and international surcharge and other value added services. Through this segment, the Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. 2) Through the epay Segment, the Company provides distribution, processing and collection services for prepaid mobile airtime and other electronic payment products in Europe, the Middle East, Asia Pacific, the 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, 2019 and 2018 : For the Three Months Ended March 31, 2019 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 145,703 $ 176,114 $ 256,581 $ (889 ) $ 577,509 Operating expenses: Direct operating costs 83,776 133,525 137,404 (872 ) 353,833 Salaries and benefits 19,431 14,753 51,156 7,455 92,795 Selling, general and administrative 9,086 8,052 29,109 1,900 48,147 Depreciation and amortization 16,642 1,785 8,138 75 26,640 Total operating expenses 128,935 158,115 225,807 8,558 521,415 Operating income (expense) $ 16,768 $ 17,999 $ 30,774 $ (9,447 ) $ 56,094 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 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, 2019 December 31, 2018 March 31, 2019 December 31, 2018 EFT Processing $ 222,338 $ 215,106 $ 1,533,051 $ 1,220,141 epay 34,105 31,172 689,573 780,220 Money Transfer 47,282 45,517 1,461,137 1,310,775 Corporate Services, Eliminations and Other 71 74 130,292 10,019 Total $ 303,796 $ 291,869 $ 3,814,053 $ 3,321,155 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, 2019 (in thousands) EFT Processing epay Money Transfer Total Europe $ 107,611 $ 114,906 $ 85,559 $ 308,076 North America 8,205 39,664 134,832 182,701 Asia Pacific 29,877 17,374 30,713 77,964 Other 10 4,170 5,477 9,657 Eliminations — — — (889 ) Total $ 145,703 $ 176,114 $ 256,581 $ 577,509 For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total Europe 100,087 113,451 73,958 287,496 North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Eliminations — — — (870 ) Total $ 135,704 $ 176,845 $ 238,836 $ 550,515

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
INCOME TAXES [Abstract]
INCOME TAXES	INCOME TAXES The Company's effective income tax rate was 31.6% and 34.2% for the three months ended March 31, 2019 and 2018 , respectively. The Company's effective income tax rates for the three months ended March 31, 2019 and 2018 were higher than the applicable statutory income tax rate of 21% as a result of certain foreign earnings of the Company being subject to higher local statutory income tax rates and the application to the Company of the U.S. global intangible low-taxed income ("GILTI") tax provision. The GILTI provision subjects the Company's current foreign earnings to U.S. taxation creating additional U.S. tax expense.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2019
Other Commitments [Line Items]
Commitments	COMMITMENTS As of March 31, 2019 , the Company had $76.7 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $46.2 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $3.7 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, 2019 , the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $12.3 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $54.6 million over the terms of agreements with the customers. From time to time, the Company enters into agreements with commercial counterparties that contain indemnification provisions, the terms of which may vary depending on the negotiated terms of each respective agreement. The amount of such potential obligations is generally not stated in the agreements. Euronet's liability under such indemnification provisions may be mitigated by relevant insurance coverage and may be subject to time and materiality limitations, monetary caps and other conditions and defenses. Such indemnification obligations include the following: • In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for damage to ATMs and theft of ATM network cash that, generally, is not recorded on the Company’s Consolidated Balance Sheets. As of March 31, 2019 , the balance of cash used in the Company's ATM networks for which the Company was responsible was approximately $461 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, 2019 or December 31, 2018 .

Litigation and Contingencies

Litigation and Contingencies	3 Months Ended
	Mar. 31, 2019
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.

Lease (Notes)

Lease (Notes)	3 Months Ended
	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Deferred Revenue Disclosure [Text Block]	UNEARNED REVENUES Accounting Standards Codification ("ASC") Topic 606, “Revenue from Contracts with Customers” (“Topic 606”) requires the deferral of incremental costs to obtain customer contracts, known as contract assets, which are then amortized to expense as part of selling, general and administrative expense over the respective periods of expected benefit. Such costs are not material; however, the Company has implemented processes and controls to record such costs on an ongoing basis and will disclose them if they become material. The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the first quarter of 2019 is primarily driven by $16.0 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, largely offset by $13.9 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2018.
Leases of Lessee Disclosure [Text Block]	LEASES The Company enters into operating leases for ATM sites, office space, retail stores and equipment. The Company's finance leases are immaterial. Right of use assets and lease liabilities are recognized at commencement date based on the present value of the lease payment over the lease term. The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. All leases with fixed payments, including leases with an initial term of 12 months or less are recorded on the balance sheet. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases include an option to renew, with renewal terms that can extend the lease term. The exercise of lease renewal options is at the Company’s sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease term. The Company also has a unilateral termination right for a majority of the ATM site leases. Since the Company is not reasonably certain to exercise the renewal or terminal options, the options are not considered in determining the lease term, and associated payment impacts are excluded from lease payments. Certain of the Company's lease agreements include variable rental payments based on revenues generated from the use of the leased location and certain leases include rental payments adjusted periodically for inflation. Variable lease payments are recognized when the event, activity or circumstance in the lease agreement on which those payments are assessed occurs and are excluded from the right of use assets and lease liabilities balances. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. Future minimum lease payments Future minimum lease payments under the operating leases as of March 31, 2019 are: As of March 31, 2019 Maturity of Lease Liabilities (in thousands) Operating Leases Remainder of 2019 $ 115,891 2020 93,975 2021 68,283 2022 43,471 2023 24,907 Thereafter 45,003 Total lease payments $ 391,530 Less: imputed interest (51,783 ) Present value of lease liabilities $ 339,747 Future minimum lease payments under the non-cancelable operating leases (with initial lease terms in excess of one year) as of December 31, 2018 as follows: (in thousands) Operating Leases Year ending December 31, 2019 $ 80,803 2020 65,590 2021 49,052 2022 37,823 2023 30,192 Thereafter 48,191 Total minimum lease payments $ 311,651 Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended March 31, 2019 Operating lease expense Selling, general and administrative and Direct operating costs $ 30,460 Variable lease expense Selling, general and administrative and Direct operating costs 6,569 Total lease expense $ 37,029 Other information about lease amounts recognized in the consolidated financial statements is summarized as follows: Lease Term and Discount Rate of Operating Leases As of March 31, 2019 Weighted- average remaining lease term (years) 4.5 Weighted- average discount rate 3.2 % The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities (a) $ 30,083 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets ROU assets obtained in exchange for new operating lease liabilities $ 71,378 (a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

Unearned Revenue (Notes)

Unearned Revenue (Notes)	3 Months Ended
	Mar. 31, 2019
Unearned Revenue [Abstract]
Deferred Revenue Disclosure [Text Block]	UNEARNED REVENUES Accounting Standards Codification ("ASC") Topic 606, “Revenue from Contracts with Customers” (“Topic 606”) requires the deferral of incremental costs to obtain customer contracts, known as contract assets, which are then amortized to expense as part of selling, general and administrative expense over the respective periods of expected benefit. Such costs are not material; however, the Company has implemented processes and controls to record such costs on an ongoing basis and will disclose them if they become material. The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the first quarter of 2019 is primarily driven by $16.0 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, largely offset by $13.9 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2018.

Recent Accounting Pronouncement

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies and Practices [Abstract]
Recently Issued and Adopted Accounting Pronouncements	The Company adopted Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), as amended, as of January 1, 2019, using the modified retrospective approach and comparative periods were not restated. The new standards provide a number of optional practical expedients in transition. The Company elected the “package of practical expedients” which permits the Company not to reassess under the new standard the Company’s prior conclusions about lease identification, lease classification and initial direct costs. The Company also elected to combine lease and non-lease components and to include short-term leases with an initial term of 12 months or less on the balance sheet. In addition, the Company elected the hindsight practical expedient to determine the lease term for existing leases. The election of the hindsight practical expedient resulted in, for substantially all leases in effect on January 1, 2019, the lease term for implementation of this pronouncement, as the lease’s life being January 1, 2019 through the lease’s contractual termination date, rather than the actual lease life as set out in the lease agreement. Lease lives for lease agreements committed to on January 1, 2019 and, thereafter, are included based on the lease’s commencement date and termination date. In the application of hindsight, the Company evaluated the performance of all the leases and the associated markets in relation to the Company’s operations, which resulted in the determination that the exercise of renewal options would not be reasonably certain in determining the expected lease term. Adoption of the new standard resulted in the recognition of additional operating right of use lease assets and lease liabilities of approximately $296.9 million , as of January 1, 2019. The Company reclassified $16.6 million and $2.7 million of deferred cost and deferred credits, respectively, to Right of use (ROU) lease assets as of March 31, 2019. In June 2016, the Financial Accounting Standards Board ("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 is 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.

Stocholders' Equity (Tables)

Stocholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
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 2019 2018 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 51,880,534 51,899,282 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,285,139 1,578,071 Incremental shares from assumed conversion of convertible notes 2,411,194 475,893 Diluted weighted average shares outstanding 55,576,867 53,953,246

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2018 $ 114,485 $ 704,197 $ 818,682 Increases (decreases): Acquisition — 686 686 Amortization (5,186 ) — (5,186 ) Other (primarily changes in foreign currency exchange rates) 844 (829 ) 15 Balance as of March 31, 2019 $ 110,143 $ 704,054 $ 814,197

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, 2018 Money transfer settlement obligations $ 464,888 $ 310,710 Accrued expenses 187,521 293,864 Accrued amounts due to mobile operators and other content providers 73,434 65,878 Derivative liabilities 27,526 36,102 Current portion of capital lease obligations $ 5,545 $ 5,458 Total $ 758,914 $ 712,012

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2019
DEBT OBLIGATIONS [Abstract]
Schedule of Debt [Table Text Block]	: As of (in thousands) March 31, 2019 December 31, 2018 Credit Facility: Revolving credit agreements, due 2023 $ — $ 215,725 Convertible Debt: 1.50% convertible notes, unsecured, due 2044 333,886 379,859 0.75% convertible notes, unsecured, due 2049 425,947 — Other obligations 26,845 38,513 Total debt obligations 786,678 634,097 Unamortized debt issuance costs (13,458 ) (6,298 ) Carrying value of debt 773,220 627,799 Short-term debt obligations and current maturities of long-term debt obligations (360,358 ) (38,017 ) Long-term debt obligations $ 412,862 $ 589,782

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 December 31, 2018 Balance Sheet Location March 31, 2019 December 31, 2018 Derivatives not designated as hedging instruments Foreign currency exchange contracts Prepaid expenses and other current assets $ 45,542 $ 44,637 Accrued expenses and other current liabilities $ (27,526 ) $ (36,102 )
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, 2019 and December 31, 2018 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2019 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 $ 45,542 $ — $ 45,542 $ (21,436 ) $ (7,232 ) $ 16,874 As of December 31, 2018 Derivatives subject to a master netting arrangement or similar agreement $ 44,637 $ — $ 44,637 $ (25,187 ) $ (9,918 ) $ 9,532 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2019 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 $ (27,526 ) $ — $ (27,526 ) $ 21,436 $ 153 $ (5,937 ) As of December 31, 2018 Derivatives subject to a master netting arrangement or similar agreement $ (36,102 ) $ — $ (36,102 ) $ 25,187 $ 2,048 $ (8,867 )
Schedule of Other Derivatives Not Designated as Hedging Instruments, Statements of Financial Performance and Financial Position, Location [Table Text Block]	The following table summarizes the location and amount of gains and losses on derivatives in the Consolidated Statements of Income for the three months ended March 31, 2019 and 2018 : Amount of Gain Recognized in Income on Derivative Contracts (a) Location of Gain Recognized in Income on Derivative Contracts Three Months Ended (in thousands) 2019 2018 Foreign currency exchange contracts Foreign currency exchange gain, net $ 2,459 $ 1,295 (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, 2019
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, 2019 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 45,542 $ — $ 45,542 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (27,526 ) $ — $ (27,526 ) As of December 31, 2018 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 44,637 $ — $ 44,637 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (36,102 ) $ — $ (36,102 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
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, 2019 and 2018 : For the Three Months Ended March 31, 2019 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 145,703 $ 176,114 $ 256,581 $ (889 ) $ 577,509 Operating expenses: Direct operating costs 83,776 133,525 137,404 (872 ) 353,833 Salaries and benefits 19,431 14,753 51,156 7,455 92,795 Selling, general and administrative 9,086 8,052 29,109 1,900 48,147 Depreciation and amortization 16,642 1,785 8,138 75 26,640 Total operating expenses 128,935 158,115 225,807 8,558 521,415 Operating income (expense) $ 16,768 $ 17,999 $ 30,774 $ (9,447 ) $ 56,094 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 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, 2019 December 31, 2018 March 31, 2019 December 31, 2018 EFT Processing $ 222,338 $ 215,106 $ 1,533,051 $ 1,220,141 epay 34,105 31,172 689,573 780,220 Money Transfer 47,282 45,517 1,461,137 1,310,775 Corporate Services, Eliminations and Other 71 74 130,292 10,019 Total $ 303,796 $ 291,869 $ 3,814,053 $ 3,321,155
Schedule of Revenues by Segment by Region [Table Text Block]	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, 2019 (in thousands) EFT Processing epay Money Transfer Total Europe $ 107,611 $ 114,906 $ 85,559 $ 308,076 North America 8,205 39,664 134,832 182,701 Asia Pacific 29,877 17,374 30,713 77,964 Other 10 4,170 5,477 9,657 Eliminations — — — (889 ) Total $ 145,703 $ 176,114 $ 256,581 $ 577,509 For the Three Months Ended March 31, 2018 (in thousands) EFT Processing epay Money Transfer Total Europe 100,087 113,451 73,958 287,496 North America $ 8,016 $ 41,051 $ 128,984 $ 178,051 Asia Pacific 27,594 17,453 32,141 77,188 Other 7 4,890 3,753 8,650 Eliminations — — — (870 ) Total $ 135,704 $ 176,845 $ 238,836 $ 550,515

Lease (Tables)

Lease (Tables)	3 Months Ended
	Mar. 31, 2019
Lessee, Lease, Description [Line Items]
Lease, Cost [Table Text Block]	Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended March 31, 2019 Operating lease expense Selling, general and administrative and Direct operating costs $ 30,460 Variable lease expense Selling, general and administrative and Direct operating costs 6,569 Total lease expense $ 37,029
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Future minimum lease payments Future minimum lease payments under the operating leases as of March 31, 2019 are: As of March 31, 2019 Maturity of Lease Liabilities (in thousands) Operating Leases Remainder of 2019 $ 115,891 2020 93,975 2021 68,283 2022 43,471 2023 24,907 Thereafter 45,003 Total lease payments $ 391,530 Less: imputed interest (51,783 ) Present value of lease liabilities $ 339,747 Future minimum lease payments under the non-cancelable operating leases (with initial lease terms in excess of one year) as of December 31, 2018 as follows: (in thousands) Operating Leases Year ending December 31, 2019 $ 80,803 2020 65,590 2021 49,052 2022 37,823 2023 30,192 Thereafter 48,191 Total minimum lease payments $ 311,651
Lessee, Operating Lease, Disclosure [Table Text Block]	Other information about lease amounts recognized in the consolidated financial statements is summarized as follows: Lease Term and Discount Rate of Operating Leases As of March 31, 2019 Weighted- average remaining lease term (years) 4.5 Weighted- average discount rate 3.2 %
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Three Months Ended March 31, 2019 Cash paid for amounts included in the measurement of lease liabilities (a) $ 30,083 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets ROU assets obtained in exchange for new operating lease liabilities $ 71,378

Recently Issued and Adopted A_2

Recently Issued and Adopted Accounting Pronouncements New Accounting Pronouncements or Change in Accounting Principle (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 296,900	$ 71,378
Deferred Cost [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Revenue, Additions		16,600
Deferred Credit [Member]
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred Revenue, Additions		$ 2,700

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 18, 2019	Feb. 27, 2018	Oct. 30, 2014
Stockholders' Equity [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	402,000	1,151,000
Translation adjustment	$ (16,156)	$ 22,948
Debt Instrument, Convertible, Conversion Price			$ 188.73		$ 72.18
Share Price	$ 142.59	$ 78.92
Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Stock Repurchase Program, Number of Shares Authorized to be Repurchased				10,000,000
Stock Repurchase Program, Authorized Amount	$ 200,000			$ 375,000
2019 Share Repurchase Plan [Member]
Stockholders' Equity [Line Items]
Stock Repurchase Program, Authorized Amount	$ 120,000

Stockholders' Equity Earnings P

Stockholders' Equity Earnings Per Share (Details) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Earnings Per Share [Abstract]
Weighted average number of shares outstanding - basic	51,880,534	51,899,282
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	1,285,139	1,578,071
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Debt Securities	2,411,194	475,893
Weighted Average Number of Shares Outstanding, Diluted	55,576,867	53,953,246

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Goodwill and Finite-lived Intangible Assets Rollforward [Roll Forward]
Finite-Lived Intangible Assets, Net	$ 110,143	$ 114,485
Finite-Lived Intangible Assets, Amortization Expense	(5,186)
Finite-lived intangible assets, other changes	844
Goodwill	704,054	704,197
Goodwill, Other Increase (Decrease)	(829)
Intangible Assets, Net (Including Goodwill)	814,197	$ 818,682
Total intangible assets amortization expense	(5,186)
Total intangible assets, other changes	15
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	15,500
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	19,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two	19,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	18,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	13,200
Finite-Lived Intangible Assets, Amortization Expense, Year Five	6,700
Finite-lived Intangible Assets Acquired	0
Goodwill, Acquired During Period	686
Total intangible assets acquired during period	$ 686

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES [Abstract]
Capital Lease Obligations, Current	$ 5,545	$ 5,458
Accrued expenses	187,521	293,864
Accrued amounts due to mobile operators and other content providers	73,434	65,878
Money transfer settlement obligations	464,888	310,710
Derivative liabilities	27,526	36,102
Accrued expenses and other current liabilities	$ 758,914	$ 712,012

Debt Obligations (Narrative) (D

Debt Obligations (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 18, 2019	Dec. 31, 2018	Oct. 17, 2018	Oct. 30, 2014
Debt Instrument [Line Items]
Repayments of Debt	$ 49,000
Revolving Credit Facility	0			$ 215,725
Debt Instrument, Convertible, Conversion Price			$ 188.73			$ 72.18
Other Debt	26,845			38,513
Debt, Long-term and Short-term, Combined Amount	786,678			634,097
Unamortized Debt Issuance Expense	13,458			6,298
Debt, net of debt issuance costs	773,220			627,799
Short-term debt obligations and current maturities of long-term debt obligations	360,358			38,017
Debt obligations, net of current portion	$ 412,862			589,782
Line of Credit Facility, Expiration Date	Oct. 17, 2023
0.75% Issue [Member]
Debt Instrument [Line Items]
Debt Instrument, Face Amount			$ 525,000
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.125%
Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.175%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	2.00%
Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.00%
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,000,000
1.5% Issue [Member]
Debt Instrument [Line Items]
Convertible Debt	$ 333,886			$ 379,859
Interest Expense, Debt	1,500
Amortization of Debt Discount (Premium)	$ 2,900	$ 2,800
Debt Instrument, Interest Rate During Period	4.70%	4.70%
Debt Instrument, Unamortized Discount	$ 16,400
0.75% Issue [Member]
Debt Instrument [Line Items]
Convertible Debt	425,947
Interest Expense, Debt	200
Amortization of Debt Discount (Premium)	$ 600
Debt Instrument, Interest Rate During Period	4.40%
Debt Instrument, Unamortized Discount	$ 99,100

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 18, 2019	Dec. 31, 2018	Oct. 17, 2018	Oct. 30, 2014
Debt Instrument [Line Items]
Debt Instrument, Convertible, Conversion Price			$ 188.73			$ 72.18
Repayments of Other Long-term Debt	$ 94,199	$ 2,449
Debt Instrument, Redemption Price, Percentage	100.00%
Debt Instrument, Convertible, Carrying Amount of Equity Component			$ 99,700			$ 66,100
Adjustments to Additional Paid in Capital, Other	$ 21,500
Unamortized Debt Issuance Expense	13,458			$ 6,298
Total Debt [Roll Forward]
Revolving Credit Facility	0			215,725
Other Debt	$ 26,845			38,513
Line of Credit Facility, Expiration Date	Oct. 17, 2023
Repayments of Convertible Debt	$ 94,200
1.5% Issue [Member]
Debt Instrument [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	1.50%
Total Debt [Roll Forward]
Convertible Debt	$ 333,886			$ 379,859
Interest Expense, Debt	1,500
Amortization of Debt Discount (Premium)	$ 2,900	$ 2,800
Debt Instrument, Interest Rate During Period	4.70%	4.70%
Debt Instrument, Unamortized Discount	$ 16,400
0.75% Issue [Member]
Total Debt [Roll Forward]
Convertible Debt	425,947
Interest Expense, Debt	200
Amortization of Debt Discount (Premium)	$ 600
Debt Instrument, Interest Rate During Period	4.40%
Debt Instrument, Unamortized Discount	$ 99,100
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity					$ 1,000,000
Base Rate [Member] | Minimum [Member]
Total Debt [Roll Forward]
Debt Instrument, Basis Spread on Variable Rate	0.175%
Base Rate [Member] | Maximum [Member]
Total Debt [Roll Forward]
Debt Instrument, Basis Spread on Variable Rate	1.00%
London Interbank Offered Rate (LIBOR) [Member] | Minimum [Member]
Total Debt [Roll Forward]
Debt Instrument, Basis Spread on Variable Rate	1.125%
London Interbank Offered Rate (LIBOR) [Member] | Maximum [Member]
Total Debt [Roll Forward]
Debt Instrument, Basis Spread on Variable Rate	2.00%

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	$ 338
Corporate Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative, Notional Amount	166
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	$ 18.6	$ 18.7

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Derivatives, Fair Value [Line Items]
Foreign Currency Derivative Instruments, Asset at Fair Value	$ 45,542	$ 44,637
Foreign Currency Derivative Instruments, Liability at Fair Value	$ (27,526)	$ (36,102)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES [Abstract]
Derivative Assets, Fair Value, Gross Assets	$ 45,542	$ 44,637
Gross Amount of Eligible Offsetting Recognized Derivative Liabilities	0	0
Derivative Asset, Fair Value, Amount Not Offset Against Collateral	45,542	44,637
Derivative Asset, Not Offset, Policy Election Deduction	(21,436)	(25,187)
Cash Collateral Received	(7,232)	(9,918)
Derivative Asset, Fair Value, Amount Offset Against Collateral	16,874	9,532
Derivative Liability, Fair Value, Gross Liability	(27,526)	(36,102)
Gross Amount of Eligible Offsetting Recognized Derivative Assets	0	0
Derivative Liability, Fair Value, Amount Not Offset Against Collateral	(27,526)	(36,102)
Derivative Liability, Not Offset, Policy Election Deduction	21,436	25,187
Cash Collateral Paid	153	2,048
Derivative Liability, Fair Value, Amount Offset Against Collateral	$ (5,937)	$ (8,867)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Details 3) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Ria Operations [Member] | Foreign Currency Gain (Loss) [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on Foreign Currency Derivative Instruments Not Designated as Hedging Instruments	$ 2,459	$ 1,295
HiFX Operations [Member] | Trading Revenue [Member]
Derivative Instruments, Loss [Line Items]
Foreign Currency Exchange Margin	$ 18,600	$ 18,700

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
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	$ 45,542,000	$ 44,637,000
Foreign Currency Contracts, Liability, Fair Value Disclosure	(27,526,000)	(36,102,000)
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	45,542,000	44,637,000
Foreign Currency Contracts, Liability, Fair Value Disclosure	(27,526,000)	(36,102,000)
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
1.5% Issue [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	660,800,000	571,600,000
Convertible Debt	333,886,000	$ 379,859,000
0.75% Issue [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	581,000,000
Convertible Debt	$ 425,947,000

Segment Information (Details)

Segment Information (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)segment	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segment	3
Revenues	$ 577,509	$ 550,515
Direct operating costs	353,833	343,324
Salaries and benefits	92,795	85,706
Selling, general and administrative	48,147	50,011
Depreciation and amortization	26,640	26,002
Operating income (expense)	56,094	45,472
Property, Plant and Equipment, Net	303,796		$ 291,869
Assets	3,814,053		3,321,155
Costs and Expenses	521,415	505,043
Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	145,703	135,704
Direct operating costs	83,776	81,837
Salaries and benefits	19,431	17,005
Selling, general and administrative	9,086	9,115
Depreciation and amortization	16,642	16,200
Operating income (expense)	16,768	11,547
Property, Plant and Equipment, Net	222,338		215,106
Assets	1,533,051		1,220,141
Costs and Expenses	128,935	124,157
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	176,114	176,845
Direct operating costs	133,525	134,922
Salaries and benefits	14,753	14,417
Selling, general and administrative	8,052	8,733
Depreciation and amortization	1,785	1,878
Operating income (expense)	17,999	16,895
Property, Plant and Equipment, Net	34,105		31,172
Assets	689,573		780,220
Costs and Expenses	158,115	159,950
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	256,581	238,836
Direct operating costs	137,404	127,431
Salaries and benefits	51,156	47,357
Selling, general and administrative	29,109	29,699
Depreciation and amortization	8,138	7,895
Operating income (expense)	30,774	26,454
Property, Plant and Equipment, Net	47,282		45,517
Assets	1,461,137		1,310,775
Costs and Expenses	225,807	212,382
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Revenues	(889)	(870)
Direct operating costs	(872)	(866)
Salaries and benefits	7,455	6,927
Selling, general and administrative	1,900	2,464
Depreciation and amortization	75	29
Operating income (expense)	(9,447)	(9,424)
Property, Plant and Equipment, Net	71		74
Assets	130,292		$ 10,019
Costs and Expenses	8,558	8,554
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	308,076	287,496
Europe [Member] | Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	107,611	100,087
Europe [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	114,906	113,451
Europe [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	85,559	73,958
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	77,964	77,188
Asia Pacific [Member] | Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	29,877	27,594
Asia Pacific [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	17,374	17,453
Asia Pacific [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	30,713	32,141
Other geographic locations [Member]
Segment Reporting Information [Line Items]
Revenues	9,657	8,650
Other geographic locations [Member] | Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	10	7
Other geographic locations [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	4,170	4,890
Other geographic locations [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	5,477	3,753
North America [Member]
Segment Reporting Information [Line Items]
Revenues	182,701	178,051
North America [Member] | Eft Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	8,205	8,016
North America [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	39,664	41,051
North America [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	134,832	128,984
Consolidation, Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	$ (889)	$ (870)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income taxes [Line Items]
Effective Income Tax Rate	31.60%	34.20%
Federal Statutory Income Tax Rate	21.00%	21.00%

Commitments (Details)

Commitments (Details) $ in Millions	Mar. 31, 2019USD ($)
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	$ 76.7
Revolving Credit Facility [Member]
Other Commitments [Line Items]
Letters of Credit Outstanding, Amount	46.2
Cash and Cash Equivalents [Member]
Other Commitments [Line Items]
Pledged Assets, Not Separately Reported, Other	3.7
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	12.3
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	54.6
Indemnification Agreement [Member]
Other Commitments [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 461

Subsequent Event (Details)

Subsequent Event (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2019	Oct. 17, 2018
Subsequent Event [Line Items]
Line of Credit Facility, Expiration Date	Oct. 17, 2023
Unsecured Debt [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 1,000

Lease (Details)

Lease (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Mar. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating Lease, Payments, Use		$ 30,083
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 296,900	$ 71,378
Operating Lease, Weighted Average Remaining Lease Term		4 years 6 months
Lease, Cost [Table Text Block]		$ 30,460
Right of use lease asset		351,169
Current portion of operating lease liabilities		114,654
Operating lease obligations, net of current portion		225,093
Lessee, operating lease, liability, payments due remainder of fiscal year		115,891
Lessee, operating lease, liability, payments due year two		93,975
Lessee, operating lease, liability, payments due year three		68,283
Lessee, operating lease, liability, payments due year four		43,471
Lessee, Operating Lease, Liability, Payments, Due Year Five		24,907
Lessee, operating lease, liability, payments due after year five		45,003
Lessee, operating lease, liability, payments due		391,530
Operating Lease, Liability		339,747
Operating Leases, Future Minimum Payments Due, Next Twelve Months			$ 80,803
Operating Leases, Future Minimum Payments, Due in Two Years			65,590
Operating Leases, Future Minimum Payments, Due in Three Years			49,052
Operating Leases, Future Minimum Payments, Due in Four Years			37,823
Operating Leases, Future Minimum Payments, Due in Five Years			30,192
Operating Leases, Future Minimum Payments, Due Thereafter			48,191
Operating Leases, Future Minimum Payments Due			$ 311,651
Capital Leases, Future Minimum Payments, Interest Included in Payments		(51,783)
Variable Lease, Cost		6,569
Operating Lease, Expense		$ 37,029
Operating Lease, Weighted Average Discount Rate, Percent		3.20%

Lease Lease (Details)

Lease Lease (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Lessee, Lease, Description [Line Items]
Operating Lease, Weighted Average Remaining Lease Term	4 years 6 months
Operating Leases, Future Minimum Payments, Due Thereafter		$ 48,191
Operating Leases, Future Minimum Payments Due, Next Twelve Months		$ 80,803
Operating Lease, Weighted Average Discount Rate, Percent	3.20%

Unearned Revenue (Details)

Unearned Revenue (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Deferred Revenue, Additions	$ 16

Unearned Revenue Unearned Reven

Unearned Revenue Unearned Revenue Details (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Revenue from Contract with Customer [Abstract]
Deferred Revenue, Additions	$ 16
Deferred Revenue, Revenue Recognized	$ 13.9