Euronet Worldwide (EEFT) 10-Q 5 May 21 2021 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2021	May 03, 2021
Entity Information [Line Items]
Entity Registrant Name	EURONET WORLDWIDE, INC.
Entity File Number	001-31648
Entity Small Business	false
City Area Code	(913)
Local Phone Number	327-4200
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Incorporation, State or Country Code	DE
Document Quarterly Report	true
Document Transition Report	false
Entity Central Index Key	0001029199
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		52,797,354
Entity Tax Identification Number	74-2806888
Entity Address, City or Town	Leawood,
Entity Address, Address Line One	11400 Tomahawk Creek Parkway,
Entity Address, Address Line Two	Suite 300
Entity Address, State or Province	KS
Entity Address, Postal Zip Code	66211
Entity Emerging Growth Company	false
Common Stock
Entity Information [Line Items]
Title of 12(b) Security	Common Stock
Trading Symbol	EEFT
Security Exchange Name	NASDAQ
1.375 Senior Notes due 2026 [Member]
Entity Information [Line Items]
Title of 12(b) Security	1.375% Senior Notes due 2026
Trading Symbol	EEFT26
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,145,406	$ 1,420,255
ATM cash	339,883	411,054
Restricted cash	2,897	3,334
Settlement assets	960,313	1,140,875
Trade accounts receivable, net of credit losses of $4,717 and $5,926	111,384	117,517
Prepaid expenses and other current assets	253,308	272,900
Total current assets	2,813,191	3,365,935
Operating right of use lease assets	171,852	162,074
Property and equipment, net of accumulated depreciation of $485,467 and $490,429	357,272	378,441
Goodwill	653,128	665,821
Acquired intangible assets, net of accumulated amortization of $178,219 and $175,210	114,768	121,883
Other assets, net of accumulated amortization of $57,118 and $55,710	240,623	232,557
Total assets	4,350,834	4,926,711
Current liabilities:
Settlement obligations	960,313	1,140,875
Trade accounts payable	125,007	147,593
Accrued expenses and other current liabilities	361,139	404,021
Current portion of operating lease liabilities	51,461	52,436
Short-term debt obligations and current maturities of long-term debt obligations	743	797
Income taxes payable	29,323	36,359
Deferred revenue	74,737	73,360
Total current liabilities	1,602,723	1,855,441
Debt obligations, net of current portion	1,143,026	1,437,589
Operating lease obligations, net of current portion	120,260	106,502
Deferred income taxes	39,708	37,875
Other long-term liabilities	39,390	43,401
Total liabilities	2,945,107	3,480,808
Euronet Worldwide, Inc. stockholders’ equity:
Preferred Stock, $0.02 par value. 10,000,000 shares authorized; none issued
Common Stock, $0.02 par value. 90,000,000 shares authorized;  shares issued 63,429,190 and 63,366,010	1,268	1,267
Additional paid-in-capital	1,240,273	1,228,446
Treasury stock, at cost, shares issued 10,632,705 and 10,631,961	(703,514)	(703,032)
Retained earnings	1,004,490	1,013,155
Accumulated other comprehensive loss	(137,059)	(94,214)
Total Euronet Worldwide, Inc. stockholders’ equity	1,405,458	1,445,622
Noncontrolling interests	269	281
Total equity	1,405,727	1,445,903
Total liabilities and equity	$ 4,350,834	$ 4,926,711

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 4,717	$ 5,926
Accumulated depreciation of property and equipment	485,467	490,429
Accumulated amortization of intangible assets	178,219	175,210
Accumulated amortization of other assets	$ 57,118	$ 55,710
Preferred stock, par value per share	$ 0.02	$ 0.02
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Common stock, par value per share	$ 0.02	$ 0.02
Common stock, shares authorized	90,000,000	90,000,000
Common stock, shares issued	63,429,190	63,366,010
Treasury stock, shares	10,632,705	10,631,961

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Revenues	$ 652,670	$ 583,907
Operating expenses:
Direct operating costs	434,516	359,456
Salaries and benefits	115,668	101,240
Selling, general and administrative	58,776	60,793
Depreciation and amortization	33,261	30,816
Total operating expenses	642,221	552,305
Operating income	10,449	31,602
Other income (expense):
Interest income	182	567
Interest expense	(9,189)	(9,233)
Foreign currency exchange loss, net	(4,032)	(18,806)
Other gains, net	31	31
Other expense, net	(13,008)	(27,441)
(Loss) income before income taxes	(2,559)	4,161
Income tax expense	(6,062)	(2,441)
Net (loss) income	(8,621)	1,720
Net (income) loss attributable to noncontrolling interests	(44)	201
Net (loss) income attributable to Euronet Worldwide, Inc.	$ (8,665)	$ 1,921
(Loss) earnings per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ (0.16)	$ 0.04
Diluted	$ (0.16)	$ 0.04
Weighted average shares outstanding:
Basic	52,762,845	53,607,104
Diluted	52,762,845	54,779,321

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Statement [Abstract]
Net (loss) income	$ (8,621)	$ 1,720
Translation adjustment	(42,901)	(59,818)
Comprehensive loss	(51,522)	(58,098)
Comprehensive loss attributable to noncontrolling interests	12	242
Comprehensive loss attributable to Euronet Worldwide, Inc.	$ (51,510)	$ (57,856)

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity Statement - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Balance at Dec. 31, 2019	$ 1,579,342	$ 1,256	$ 1,190,058	$ (463,704)	$ 1,016,554	$ (164,890)	$ 68
Balance, shares at Dec. 31, 2019		54,220,854
Net (loss) income	1,720				1,921		(201)
Other comprehensive loss	(59,818)					(59,777)	(41)
Stock issued under employee stock plans	1,453	$ 1	1,701	(249)
Stock issued under employee stock plans, shares		80,519
Share-based compensation	6,338		6,338
Repurchase of shares	(239,763)			(239,763)
Repurchase of shares, shares		(2,095,683)
Balance at Mar. 31, 2020	1,289,272	$ 1,257	1,198,097	(703,716)	1,018,475	(224,667)	(174)
Balance, shares at Mar. 31, 2020		52,205,690
Balance at Dec. 31, 2020	1,445,903	$ 1,267	1,228,446	(703,032)	1,013,155	(94,214)	281
Balance, shares at Dec. 31, 2020		52,734,049
Net (loss) income	(8,621)				(8,665)		44
Other comprehensive loss	(42,901)					(42,845)	(56)
Stock issued under employee stock plans	2,854	$ 1	3,335	(482)
Stock issued under employee stock plans, shares		62,436
Share-based compensation	8,492		8,492
Balance at Mar. 31, 2021	$ 1,405,727	$ 1,268	$ 1,240,273	$ (703,514)	$ 1,004,490	$ (137,059)	$ 269
Balance, shares at Mar. 31, 2021		52,796,485

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Statement of Cash Flows [Abstract]
Net (loss) income	$ (8,621)	$ 1,720
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	33,261	30,816
Share-based compensation	8,492	6,338
Unrealized foreign exchange loss, net	4,032	18,806
Deferred income taxes	(2,374)	(2,043)
Accretion of convertible debt discount and amortization of debt issuance costs	4,979	4,616
Changes in working capital, net of amounts acquired:
Income taxes payable, net	5,534	(10,454)
Trade accounts receivable	148,697	300,063
Prepaid expenses and other current assets	(29,551)	(119,648)
Trade accounts payable	220,439	(126,242)
Deferred revenue	3,738	4,119
Accrued expenses and other current liabilities	11,234	14,811
Changes in noncurrent assets and liabilities	14,409	(17,018)
Net cash (used in) provided by operating activities	(2,645)	105,884
Cash flows from investing activities:
Acquisitions, net of cash acquired		475
Purchases of property and equipment	(16,393)	(30,392)
Purchases of other long-term assets	(2,212)	(2,046)
Other, net	380	357
Net cash used in investing activities	(18,225)	(31,606)
Cash flows from financing activities:
Proceeds from issuance of shares	3,670	1,700
Repurchase of shares	(808)	(240,530)
Borrowings from revolving credit agreements	707,100	805,500
Repayments of revolving credit agreements	(977,500)	(805,500)
Net repayments from short-term debt obligations	(32)	(2,163)
Other, net	(1,641)	(1,651)
Net cash used in financing activities	(269,211)	(242,644)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	53,188	(59,260)
Decrease in cash and cash equivalents and restricted cash	(343,269)	(227,626)
Cash and cash equivalents and restricted cash at beginning of period	2,099,508	1,817,379
Cash and cash equivalents and restricted cash at end of period	1,756,239	1,589,753
Supplemental disclosure of cash flow information:
Interest paid during the period	2,703	3,678
Income taxes paid during the period	$ 11,160	$ 16,064

General

General	3 Months Ended
	Mar. 31, 2021
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	( 1 Organization Euronet Worldwide, Inc. (the “Company” or “Euronet”) was established as a Delaware corporation on December 13, 1997 and succeeded Euronet Holding N.V. as the group holding company, which was founded and established in 1994. Euronet is a leading electronic payments provider. Euronet offers payment and transaction processing and distribution solutions to financial institutions, retailers, service providers and individual consumers. Euronet's primary product offerings include comprehensive automated teller machine (“ATM”), point-of-sale (“POS”), card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products, 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, changes in equity 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, 2020 , including the notes thereto, set forth in the Company’s 2020 Annual Report on Form 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant items subject to such estimates and assumptions include computing income taxes, estimating the useful lives and potential impairment of long-lived assets and goodwill, as well as allocating the purchase price to assets acquired and liabilities assumed in acquisitions and revenue recognition. Actual results could differ from those estimates. The results of operations for interim periods are not necessarily indicative of the results to be expected for the full year ending December 31, 2021 . Seasonality Euronet’s Electronic Funds Transfer ("EFT") Processing Segment normally experiences its heaviest demand for dynamic currency conversion ("DCC") services during the third quarter of the fiscal year, normally coinciding with the tourism season. Additionally, the EFT Processing and epay Segments are normally impacted by seasonality during the fourth quarter and first quarter of each year due to higher transaction levels during the holiday season and lower levels following the holiday season. Seasonality in the Money Transfer Segment varies by region of the world. In most markets, Euronet usually experiences increased demand for money transfer services from the month of May through the fourth quarter of each year, coinciding with the increase in worker migration patterns and various holidays, and its lowest transaction levels during the first quarter of the year.

Recently Issued and Adopted Acc

Recently Issued and Adopted Accounting Pronouncements	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	(2) RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions for contracts, hedging relationships, and other transactions affected by reference rate reform due to the anticipated cessation of LIBOR on or before December 31, 2021. This guidance is effective from March 12, 2020 through December 31, 2022 and could impact the accounting for LIBOR provisions in the Company’s unsecured credit agreement. The Company does not expect that the adoption of this guidance will have a significant impact on its consolidated financial statements.

Pending Acquisition

Pending Acquisition	3 Months Ended
	Mar. 31, 2021
Business Combinations [Abstract]
PENDING ACQUISITION	( 3 In March 2021, the Company entered into an agreement to purchase the Piraeus Bank Merchant Acquiring business of Piraeus Bank for €300 million, or approximately $360 millio

Settlement Assets and Obligatio

Settlement Assets and Obligations	3 Months Ended
	Mar. 31, 2021
Settlement Assets [Abstract]
SETTLEMENT ASSETS AND OBLIGATIONS	(4) SETTLEMENT ASSETS AND OBLIGATIONS Settlement assets represent funds received or to be received from agents for unsettled money transfers and from merchants for unsettled prepaid transactions. The Company records corresponding settlement obligations relating to amounts payable. Settlement assets consist of cash and cash equivalents, restricted cash, accounts receivable and prepaid expenses and other current assets. Cash received by Euronet agents and merchants generally becomes available to the Company within two weeks after initial receipt by the business partner. Receivables from business partners represent funds collected by such business partners that are in transit to the Company. Settlement obligations consist of money transfers and accounts payable to agents and content providers. Money transfer accounts payable represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from the Company. Money order accounts payable represent amounts not yet presented for payment. Due to the agent funding and settlement process, accounts payable to agents represent amounts due to agents for money transfers that have not been settled with transferees. As of (in thousands) March 31, 2021 December 31, 2020 Settlement assets: Settlement cash and cash equivalents $ 209,853 $ 188,191 Settlement restricted cash 58,200 76,674 Accounts receivable, net of credit allowance of $33,980 and $35,800 478,209 641,955 Prepaid expenses and other current assets 214,051 234,055 Total settlement assets $ 960,313 $ 1,140,875 Settlement obligations: Trade account payables $ 356,612 $ 571,175 Accrued expenses and other current liabilities 603,701 569,700 Total settlement obligations $ 960,313 $ 1,140,875 The table below reconciles cash and cash equivalents, restricted cash, ATM cash, settlement cash and cash equivalents, and settlement restricted cash as presented within "Cash and cash equivalents and restricted cash" in the Consolidated Statement of Cash Flows. As of (in thousands) March 31, 2021 December 31, 2020 March 31, 2020 December 31, 2019 Cash and cash equivalents $ 1,145,406 $ 1,420,255 $ 709,521 $ 786,081 Restricted cash 2,897 3,334 28,953 34,301 ATM cash 339,883 411,054 558,580 665,641 Settlement cash and cash equivalents 209,853 188,191 256,456 282,188 Settlement restricted cash 58,200 76,674 36,243 49,168 Cash and cash equivalents and restricted cash at end of period $ 1,756,239 $ 2,099,508 $ 1,589,753 $ 1,817,379

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	(5) STOCKHOLDERS' EQUITY (Loss) Earnings Per Share Basic (loss) earnings per share has been computed by dividing (loss) earnings available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted (loss) earnings per share has been computed by dividing (loss) earnings available to common stockholders by the weighted average shares outstanding during the respective period, after adjusting for the potential dilution of options to purchase the Company's common stock, assumed vesting of restricted stock and the assumed conversion of the Company's convertible debt, if such conversion would be dilutive. The following table provides the computation of diluted weighted average number of common shares outstanding: Three Months Ended March 31, 2021 2020 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 52,762,845 53,607,104 Incremental shares from assumed exercise of stock options and vesting of restricted stock — 1,172,217 Diluted weighted average shares outstanding 52,762,845 54,779,321 The table includes all stock options and restricted stock that are dilutive to the Company's weighted average common shares outstanding during the period. The calculation of diluted (loss) 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 2,437,000 and 886,000 , respectively. The Company issued Convertible Senior Notes ("Convertible Notes") due March 2049 on March 18, 2019. The Company's Convertible Notes currently have a settlement feature 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. The Company has 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 were included in the calculation of diluted (loss) earnings per share if their inclusion was dilutive. The dilutive effect increases the more the market price exceeds the conversion price. 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. The market price per share of common stock was $138.30 on March 31, 2021 and $85.72 on March 31, 2020 , t Earnings per Share (“ASC 260”) , there was no dilutive effect of the assumed conversion of the debentures for the three months ended March 31, 2021 and 2020. See Note 9, Debt Obligations, to the consolidated financial statements for more information about the Convertible Notes. Share repurchases On March 11, 2019, in connection with the issuance of the Convertible Notes, the Board of Directors authorized a repurchase program of $120 million in value of the Company's common stock through March 11, 2021. On February 26, 2020, the Company put a repurchase program in place to repurchase up to $250 million in value, but not more than 5.0 million shares of common stock through February 28, 2022. For the three months ended March 31, 2021, there were no repurchases of stock under the repurchase programs . Repurchases under the current program may take place in the open market or in privately negotiated transactions, including derivative transactions, and may be made under a Rule 10b5-1 plan. Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. The Company recorded foreign currency translation losses of $42.9 million and $59.8 million three months ended March 31, 2021 and 2020, respectively. There were no reclassifications of foreign currency translation into the consolidated statements of income for the three months ended March 31, 2021 and 2020 .

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET	( 6 A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2021 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2020 $ 121,883 $ 665,821 $ 787,704 Decreases: Acquisition — — — Amortization (5,789 ) — (5,789 ) Foreign currency exchange rate changes (1,326 ) (12,693 ) (14,019 ) Balance as of March 31, 2021 $ 114,768 $ 653,128 $ 767,896 Of the total goodwill balance of $653.1 million as of March 31, 2021 , $398.0 million relates to the Money Transfer Segment, $132.3 million relates to the epay Segment and the remaining $122.8 million relates to the EFT Processing Segment.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	( 7 Accrued expenses and other current liabilities consist of the following: As of (in thousands) March 31, 2021 December 31, 2020 Accrued expenses $ 314,103 $ 331,713 Derivative liabilities 41,219 65,905 Current portion of finance lease obligations 5,817 6,403 Total $ 361,139 $ 404,021

Unearned Revenues

Unearned Revenues	3 Months Ended
	Mar. 31, 2021
Deferred Revenue Disclosure [Abstract]
UNEARNED REVENUES	(8) The Company records deferred revenues when cash payments are received or due in advance of its performance. The increase in the deferred revenue balance for the three months ended March 31, 2021 is primarily driven by $22.9 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, offset by $21.6 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2020.

Debt Obligations

Debt Obligations	3 Months Ended
	Mar. 31, 2021
Debt Obligations [Abstract]
DEBT OBLIGATIONS	(9) DEBT OBLIGATIONS Debt obligations consist of the following: As of (in thousands) March 31, 2021 December 31, 2020 Credit Facility: Revolving credit agreement $ — $ 270,400 Convertible Debt: 0.75% convertible notes, unsecured, due 2049 456,159 452,228 1.375% Senior Notes, due 2026 703,680 732,840 Other obligations 813 850 Total debt obligations 1,160,652 1,456,318 Unamortized debt issuance costs (16,883 ) (17,932 ) Carrying value of debt 1,143,769 1,438,386 Short-term debt obligations and current maturities of long-term debt obligations (743 ) (797 ) Long-term debt obligations $ 1,143,026 $ 1,437,589 Credit Facility On October 17, 2018, the Company entered into an unsecured revolving credit agreement (the "Credit Facility") for $1.0 billion that expires on October 17, 2023 . Fees and interest on borrowings are based upon the Company's corporate credit rating and are based, in the case of letter of credit fees, on a margin, and in the case of interest, on a margin over London Inter-Bank Offered Rate (“LIBOR”) or a margin over the base rate, as selected by the Company, with the applicable margin ranging from 1.125% to 2.0% (or 0.175% to 1.0% for base rate loans). The Credit Facility allows for borrowings in Australian dollars, British pounds sterling, Canadian dollars, Czech koruna, Danish krone, euro, Hungarian forints, Japanese yen, New Zealand dollars, Norwegian krone, Polish zlotys, Swedish krona, Swiss francs and U.S. dollars. The Credit Facility contains a $200 million sublimit for the issuance of letters of credit, a $50 million sublimit for U.S. dollar swingline loans, and a $90 million sublimit for certain foreign currencies swingline loans. The Credit Facility contains customary affirmative and negative covenants, events of default and financial covenants. The Company was in compliance with all debt covenants as of March 31, 2021 . Convertible Debt On March 18, 2019, the Company completed the sale of $525.0 million of Convertible Senior Notes ("Convertible Notes"). The Convertible Notes mature in March 2049 unless redeemed or converted prior to such date, and are convertible into shares of Euronet common stock at a conversion price of approximately $188.73 per share if certain conditions are met (relating to the closing price of Euronet common stock exceeding certain thresholds for specified periods). Holders of the Convertible Notes have the option to require the Company to purchase their notes on each of March 15, 2025, March 15, 2029, March 15, 2034, March 15, 2039 and March 15, 2044 at a repurchase price equal to % of the principal amount of the Convertible Notes to be repurchased, plus accrued and unpaid interest to, but excluding, the relevant repurchase 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 for the Convertible Notes. Contractual interest expense for the Convertible Notes was $1.0 million for the . Accretion expense for the Convertible Notes was $3.9 million and $3.7 million for the three months ended March 31, 2021 and 2020, respectively 4.4% for the three months ended March 31, 2021 . As of March 31, 2021 , the unamortized discount was $68.8 million and will be amortized through March 2025. 1.375% Senior Notes due 2026 On May 22, 2019, the Company completed the sale of €600 million ( $669.9 million ) aggregate principal amount of Senior Notes that expire in May 2026 (the “Senior Notes”). The Senior Notes accrue interest at a rate of 1.375% per year, payable annually in arrears commencing May 22, 2020, until maturity or earlier redemption. As of March 31, 2021 , the Company has outstanding €600 million ( $703.7 million ) principal amount of the Senior Notes. In addition, the Company may redeem some or all of these notes on or after February 22, 2026 at their principal amount plus any accrued and unpaid interest. Other obligations Certain of the Company's subsidiaries have available lines of credit and overdraft credit facilities that generally provide for short-term borrowings that are used from time to time for working capital purposes. As of March 31, 2021 and December 31, 2020 , borrowings under these arrangements were $0.8 million and $0.9 million , respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	(10) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to foreign currency exchange risk resulting from (i) the collection of funds or the settlement of money transfer transactions in currencies other than the U.S. Dollar, (ii) derivative contracts written to its customers in connection with providing cross-currency money transfer services and (iii) certain foreign currency denominated other asset and liability positions. The Company enters into foreign currency derivative contracts, primarily foreign currency forwards and cross-currency swaps, to minimize its exposure related to fluctuations in foreign currency exchange rates. As a matter of Company policy, the derivative instruments used in these activities are economic hedges and are not designated as hedges under ASC 815 , primarily due to either the relatively short duration of the contract term or the effects of fluctuations in currency exchange rates are reflected concurrently in earnings for both the derivative instrument and the transaction and have an offsetting effect. Foreign currency exchange contracts - Ria Operations and Corporate In the United States, the Company uses short-duration foreign currency forward contracts, generally with maturities up to , 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. T he Company had foreign currency forward contracts outstanding in the U.S. with a notional value of $120 million and $ 246 million . The foreign currency forward contracts consist primarily in Australian dollars, Canadian dollars, British pounds sterling, euro and Mexican pesos. In addition, the Company uses forward contracts, typically with maturities from a few days to less than one year, to offset foreign exchange rate fluctuations on certain short-term borrowings that are payable in currencies other than the U.S dollar. T he Company had foreign currency forward contracts outstanding with a notional value of $593 million and $454 million , primarily in euro. Foreign currency exchange contracts - xe Operations xe writes derivative instruments, primarily foreign currency forward contracts and cross-currency swaps, mostly with counterparties comprised of individuals and small-to-medium size businesses and derives a currency margin from this activity as part of its operations. xe aggregates its foreign currency exposures arising from customer contracts and hedges the resulting net currency risks by entering into offsetting contracts with established financial institution counterparties. Foreign exchange revenues from xe's total portfolio of positions were $18.5 million and $18.1 million for the three months ended March 31, 2021 and 2020 , respectively. All of the derivative contracts used in the Company' s xe operations are economic hedges and are not designated as hedges under ASC 815 . The duration of these derivative contracts is generally less than one year. The fair value of xe's total portfolio of positions can change significantly from period to period based on, among other factors, market movements and changes in customer contract positions. xe manages counterparty credit risk (the risk that counterparties will default and not make payments according to the terms of the agreements) on an individual counterparty basis. It mitigates this risk by entering into contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. xe does not expect any significant losses from counterparty defaults. The aggregate equivalent U.S. dollar notional amount of foreign currency derivative customer contracts held by the Company in its xe operations as of March 31, 2021 and December 31, 2020 was approximately $1.4 billion and $1.3 billion The significant majority of customer contracts are written in major currencies such as the euro, U.S. dollar, British pounds sterling, Australian dollar and New Zealand 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, 2021 December 31, 2020 Balance Sheet Location March 31, 2021 December 31, 2020 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 49,390 $ 80,879 Other current liabilities $ (41,219 ) $ (65,905 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of March 31, 2021 and December 31, 2020 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2021 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 $ 49,390 $ — $ 49,390 $ (26,069 ) $ (4,243 ) $ 19,078 As of December 31, 2020 Derivatives subject to a master netting arrangement or similar agreement $ 80,879 $ — $ 80,879 $ (44,893 ) $ (2,778 ) $ 33,208 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2021 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 $ (41,219 ) $ — $ (41,219 ) $ 26,069 $ 2,307 $ (12,843 ) As of December 31, 2020 Derivatives subject to a master netting arrangement or similar agreement $ (65,905 ) $ — $ (65,905 ) $ 44,893 $ 12,272 $ (8,740 ) 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, 2021 and 2020 : Amount of (Loss) Gain Recognized in Income on Derivative Contracts (a) Location of (Loss) Gain Recognized in Income on Derivative Contracts Three Months Ended March 31, (in thousands) 2021 2020 Foreign currency exchange contracts - Ria Operations Foreign currency exchange (loss) gain, net $ (2,468 ) $ 1,019 (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above. See Note 11, Fair Value Measurements, for the determination of the fair values of derivatives.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	( 11 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, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 49,390 $ — $ 49,390 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (41,219 ) $ — $ (41,219 ) As of December 31, 2020 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 80,879 $ — $ 80,879 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (65,905 ) $ — $ (65,905 ) The carrying amounts of cash and cash equivalents, trade accounts receivable, trade accounts payable and short-term debt obligations approximate fair values due to their short maturities. The carrying values of the Company’s revolving credit agreements approximate fair values because interest is based on LIBOR that resets at various intervals of less than one year. The Company estimates the fair value of the Convertible Notes and Senior Notes using quoted prices in inactive markets for identical liabilities (Level 2). As of March 31, 2021 , the fair values of the Convertible Notes and Senior Notes were $631.4 million and $712.0 million , respectively, with carrying values of $456.2 million and $703.7 million , respectively.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
SEGMENT INFORMATION	(12) SEGMENT INFORMATION Euronet’s reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting (“ASC 280”) . The Company currently operates in the following three reportable operating segments: Through the EFT Processing Segment, the Company processes transactions for a network of Through the Through the Money Transfer Segment, the Company provides global money transfer services under the brand names Ria, AFEX, IME, and xe. Ria, AFEX and IME provide global consumer-to-consumer money transfer services through a network of sending agents, Company-owned stores and Company-owned websites, disbursing money transfers through a worldwide correspondent network. xe offers account-to-account international payment services to high-income individuals and small-to-medium sized businesses. xe is also a provider of foreign currency exchange information. The Company also offers customers bill payment services, payment alternatives such as money orders and prepaid debit cards, comprehensive check cashing services, foreign currency exchange services and mobile top-up. Furthermore, xe provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses. In addition, the Company accounts for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in its administrative division, “Corporate Services, Eliminations and Other.” These services are not directly identifiable with the Company’s reportable operating segments. The following tables present the Company’s reportable segment results for the three months ended March 31, 2021 and 2020 : For the Three Months Ended March 31, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 87,076 $ 242,303 $ 324,900 $ (1,609 ) $ 652,670 Operating expenses: Direct operating costs 69,612 182,633 183,878 (1,607 ) 434,516 Salaries and benefits 23,571 19,369 60,540 12,188 115,668 Selling, general and administrative 11,962 9,020 36,116 1,678 58,776 Depreciation and amortization 22,027 2,124 8,963 147 33,261 Total operating expenses 127,172 213,146 289,497 12,406 642,221 Operating (loss) income $ (40,096 ) $ 29,157 $ 35,403 $ (14,015 ) $ 10,449 For the Three Months Ended March 31, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 145,825 $ 172,911 $ 266,234 $ (1,063 ) $ 583,907 Operating expenses: Direct operating costs 87,536 130,074 142,909 (1,063 ) 359,456 Salaries and benefits 22,091 15,697 53,864 9,588 101,240 Selling, general and administrative 10,941 8,838 38,582 2,432 60,793 Depreciation and amortization 20,322 1,844 8,571 79 30,816 Total operating expenses 140,890 156,453 243,926 11,036 552,305 Operating income (expense) $ 4,935 $ 16,458 $ 22,308 $ (12,099 ) $ 31,602 The following table presents the Company’s total assets by reportable segment: Total Assets as of (in thousands) March 31, 2021 December 31, 2020 EFT Processing $ 1,400,396 $ 1,541,610 epay 915,875 1,135,204 Money Transfer 1,764,127 1,755,651 Corporate Services, Eliminations and Other 270,436 494,246 Total $ 4,350,834 $ 4,926,711 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, 2021 For the Three Months Ended March 31, 2020 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 46,862 $ 164,908 $ 132,839 $ 344,609 $ 99,474 $ 115,277 $ 91,058 $ 305,809 North America 14,466 33,841 152,302 200,609 15,019 33,852 137,895 186,766 Asia Pacific 25,694 34,318 28,469 88,481 31,328 19,274 30,848 81,450 Other 54 9,236 11,290 20,580 4 4,508 6,433 10,945 Eliminations — — — (1,609 ) — — — (1,063) Total $ 87,076 $ 242,303 $ 324,900 $ 652,670 $ 145,825 $ 172,911 $ 266,234 $ 583,907

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	( 13 The Company's effective income tax rate was ( 236.9 and 58.7 for the three months ended March 31, 2021 and 2020, respectively . The Company's effective income tax rate for the months ended March 31, 2021 was lower than the applicable statutory income tax rate of 21% as a result of the non-recognition of tax benefits from losses in certain foreign countries where we have a limited history of profitable earnings, certain foreign earnings of the Company being subject to higher local statutory tax rates, and the Company’s U.S. deferred tax activity on foreign exchange positions. The Company's effe 21% primarily as a result of certain foreign earnings of the Company being subject to higher local statutory income tax rates.

Commitments

Commitments	3 Months Ended
	Mar. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	(14) COMMITMENTS As of March 31, 2021 , the Company had $87.4 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $58.9 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $3.8 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, 2021 , the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $11.2 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $45.4 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. As of March 31, 2021 , the balance of such cash used in the Company's ATM networks for which the Company was responsible was approximately $486 million . The Company maintains insurance policies to mitigate this exposure; In connection with contracts with financial institutions in the EFT Processing Segment, the Company is responsible for losses suffered by its customers and other parties as a result of the breach of its computer systems, including in particular, losses arising from fraudulent transactions made using information stolen through its processing systems. The Company maintains insurance policies to mitigate this exposure; In connection with the license of proprietary systems to customers, the Company provides certain warranties and infringement indemnities to the licensee, which generally warrant that such systems do not infringe on intellectual property owned by third parties and that the systems will perform in accordance with their specifications; Euronet 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 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, 2021 or December 31, 2020 .

Litigation and Contingencies

Litigation and Contingencies	3 Months Ended
	Mar. 31, 2021
Loss Contingency, Information about Litigation Matters [Abstract]
LITIGATION AND CONTINGENCIES	( 15 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.

Leases

Leases	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
LEASES	(16) LEASES The Company enters into operating leases for ATM sites, office spaces, retail stores and equipment. The Company's finance leases are immaterial. Right of use assets and lease liabilities are recognized at the lease commencement date based on the present value of the lease payments over the lease terms. The present value of lease payments is determined using the incremental borrowing rate based on information available at the lease commencement date. The Company recognizes lease expense for these leases on a straight-line basis over the lease term. Most leases include an option to renew, with renewal terms that can extend the lease terms. The exercise of lease renewal options is at the Company’s sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. The Company also has a unilateral termination right for most of the ATM site leases. Since the Company is not reasonably certain not to exercise termination options, p ayments for ATM site leases with termination options subject to the short-term lease exemption are expensed in the period incurred and corresponding leases are excluded from the right of use lease asset and lease liability balances. Certain of 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 non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are: As of March 31, 2021 Maturity of Lease Liabilities (in thousands) Operating Leases (1) Remainder of 2021 $ 35,443 2022 40,777 2023 30,483 2024 21,829 2025 15,220 Thereafter 33,594 Total lease payments $ 177,346 Less: imputed interest (5,625 ) Present value of lease liabilities $ 171,721 (1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements. Certain ATM site leases contain termination options that grant the Company the option to terminate the lease prior to the stated term of the agreement. The Company includes the future minimum lease payments for these ATM site leases only to the extent that the termination option is not reasonably certain to be exercised. Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three March 31, 2021 Three Months Ended March 31, 2020 Operating lease expense Selling, general and administrative and Direct operating costs $ 13,858 $ 33,188 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 22,549 8,680 Total lease expense $ 36,407 $ 41,868 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, 2021 Weighted- average remaining lease term (years) 5.3 W eighted- average discount rate 2.2 % The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities (a) $ 13,669 $ 32,792 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 28,188 $ 50,525 (a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

Recently Issued And Adopted A_2

Recently Issued And Adopted Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2021
Accounting Policies [Abstract]
Recently Issued and Adopted Accounting Pronouncements	In August 2020, the Financial Accounting Standards Board ("FASB") issued ASU 2020-06, "Accounting for Convertible Instruments and Contracts in an Entity's Own Equity" In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848), which provides optional expedients and exceptions for contracts, hedging relationships, and other transactions affected by reference rate reform due to the anticipated cessation of LIBOR on or before December 31, 2021. This guidance is effective from March 12, 2020 through December 31, 2022 and could impact the accounting for LIBOR provisions in the Company’s unsecured credit agreement. The Company does not expect that the adoption of this guidance will have a significant impact on its consolidated financial statements.

Settlement Assets and Obligat_2

Settlement Assets and Obligations (Tables)	3 Months Ended
	Mar. 31, 2021
Settlement Assets [Abstract]
Schedule of settlement assets and liabilities	As of (in thousands) March 31, 2021 December 31, 2020 Settlement assets: Settlement cash and cash equivalents $ 209,853 $ 188,191 Settlement restricted cash 58,200 76,674 Accounts receivable, net of credit allowance of $33,980 and $35,800 478,209 641,955 Prepaid expenses and other current assets 214,051 234,055 Total settlement assets $ 960,313 $ 1,140,875 Settlement obligations: Trade account payables $ 356,612 $ 571,175 Accrued expenses and other current liabilities 603,701 569,700 Total settlement obligations $ 960,313 $ 1,140,875
Schedule of cash and cash equivalents restricted cash	As of (in thousands) March 31, 2021 December 31, 2020 March 31, 2020 December 31, 2019 Cash and cash equivalents $ 1,145,406 $ 1,420,255 $ 709,521 $ 786,081 Restricted cash 2,897 3,334 28,953 34,301 ATM cash 339,883 411,054 558,580 665,641 Settlement cash and cash equivalents 209,853 188,191 256,456 282,188 Settlement restricted cash 58,200 76,674 36,243 49,168 Cash and cash equivalents and restricted cash at end of period $ 1,756,239 $ 2,099,508 $ 1,589,753 $ 1,817,379

Stocholders' Equity (Tables)

Stocholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Schedule of computation of diluted weighted average number of common shares outstanding	Three Months Ended March 31, 2021 2020 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 52,762,845 53,607,104 Incremental shares from assumed exercise of stock options and vesting of restricted stock — 1,172,217 Diluted weighted average shares outstanding 52,762,845 54,779,321

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	3 Months Ended
	Mar. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of acquired intangible assets and goodwill activity	A summary of acquired intangible assets and goodwill activity for the three months ended March 31, 2021 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2020 $ 121,883 $ 665,821 $ 787,704 Decreases: Acquisition — — — Amortization (5,789 ) — (5,789 ) Foreign currency exchange rate changes (1,326 ) (12,693 ) (14,019 ) Balance as of March 31, 2021 $ 114,768 $ 653,128 $ 767,896

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2021
Payables and Accruals [Abstract]
Schedule of accrued expenses and other current liabilities	Accrued expenses and other current liabilities consist of the following: As of (in thousands) March 31, 2021 December 31, 2020 Accrued expenses $ 314,103 $ 331,713 Derivative liabilities 41,219 65,905 Current portion of finance lease obligations 5,817 6,403 Total $ 361,139 $ 404,021

Debt Obligations (Tables)

Debt Obligations (Tables)	3 Months Ended
	Mar. 31, 2021
Debt Disclosure [Abstract]
Schedule of debt obligations	As of (in thousands) March 31, 2021 December 31, 2020 Credit Facility: Revolving credit agreement $ — $ 270,400 Convertible Debt: 0.75% convertible notes, unsecured, due 2049 456,159 452,228 1.375% Senior Notes, due 2026 703,680 732,840 Other obligations 813 850 Total debt obligations 1,160,652 1,456,318 Unamortized debt issuance costs (16,883 ) (17,932 ) Carrying value of debt 1,143,769 1,438,386 Short-term debt obligations and current maturities of long-term debt obligations (743 ) (797 ) Long-term debt obligations $ 1,143,026 $ 1,437,589

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	3 Months Ended
	Mar. 31, 2021
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of fair value of the derivative instruments as recorded in the Consolidated Balance Sheets	Asset Derivatives Liability Derivatives Fair Value Fair Value (in thousands) Balance Sheet Location March 31, 2021 December 31, 2020 Balance Sheet Location March 31, 2021 December 31, 2020 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 49,390 $ 80,879 Other current liabilities $ (41,219 ) $ (65,905 )
Schedule of offsetting assets and liabilities	Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2021 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 $ 49,390 $ — $ 49,390 $ (26,069 ) $ (4,243 ) $ 19,078 As of December 31, 2020 Derivatives subject to a master netting arrangement or similar agreement $ 80,879 $ — $ 80,879 $ (44,893 ) $ (2,778 ) $ 33,208 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of March 31, 2021 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 $ (41,219 ) $ — $ (41,219 ) $ 26,069 $ 2,307 $ (12,843 ) As of December 31, 2020 Derivatives subject to a master netting arrangement or similar agreement $ (65,905 ) $ — $ (65,905 ) $ 44,893 $ 12,272 $ (8,740 )
Schedule of amount of gains and losses on derivatives in the Consolidated Statements of Income	Amount of (Loss) Gain Recognized in Income on Derivative Contracts (a) Location of (Loss) Gain Recognized in Income on Derivative Contracts Three Months Ended March 31, (in thousands) 2021 2020 Foreign currency exchange contracts - Ria Operations Foreign currency exchange (loss) gain, net $ (2,468 ) $ 1,019 (a) The Company enters into derivative contracts such as foreign currency exchange forwards and cross-currency swaps as part of its xe operations. These derivative contracts are excluded from this table as they are part of the broader disclosure of foreign currency exchange revenues for this business discussed above.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2021
Fair Value Disclosures [Abstract]
Schedule of financial assets and liabilities measured and recorded at fair value on a recurring basis	The following table details financial assets and liabilities measured and recorded at fair value on a recurring basis: As of March 31, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 49,390 $ — $ 49,390 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (41,219 ) $ — $ (41,219 ) As of December 31, 2020 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 80,879 $ — $ 80,879 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (65,905 ) $ — $ (65,905 )

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2021
Segment Reporting [Abstract]
Schedule of reportable segment results	The following tables present the Company’s reportable segment results for the three months ended March 31, 2021 and 2020 : For the Three Months Ended March 31, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 87,076 $ 242,303 $ 324,900 $ (1,609 ) $ 652,670 Operating expenses: Direct operating costs 69,612 182,633 183,878 (1,607 ) 434,516 Salaries and benefits 23,571 19,369 60,540 12,188 115,668 Selling, general and administrative 11,962 9,020 36,116 1,678 58,776 Depreciation and amortization 22,027 2,124 8,963 147 33,261 Total operating expenses 127,172 213,146 289,497 12,406 642,221 Operating (loss) income $ (40,096 ) $ 29,157 $ 35,403 $ (14,015 ) $ 10,449 For the Three Months Ended March 31, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 145,825 $ 172,911 $ 266,234 $ (1,063 ) $ 583,907 Operating expenses: Direct operating costs 87,536 130,074 142,909 (1,063 ) 359,456 Salaries and benefits 22,091 15,697 53,864 9,588 101,240 Selling, general and administrative 10,941 8,838 38,582 2,432 60,793 Depreciation and amortization 20,322 1,844 8,571 79 30,816 Total operating expenses 140,890 156,453 243,926 11,036 552,305 Operating income (expense) $ 4,935 $ 16,458 $ 22,308 $ (12,099 ) $ 31,602 The following table presents the Company’s total assets by reportable segment: Total Assets as of (in thousands) March 31, 2021 December 31, 2020 EFT Processing $ 1,400,396 $ 1,541,610 epay 915,875 1,135,204 Money Transfer 1,764,127 1,755,651 Corporate Services, Eliminations and Other 270,436 494,246 Total $ 4,350,834 $ 4,926,711
Schedule of Company's revenues disaggregated by segment and region	For the Three Months Ended March 31, 2021 For the Three Months Ended March 31, 2020 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 46,862 $ 164,908 $ 132,839 $ 344,609 $ 99,474 $ 115,277 $ 91,058 $ 305,809 North America 14,466 33,841 152,302 200,609 15,019 33,852 137,895 186,766 Asia Pacific 25,694 34,318 28,469 88,481 31,328 19,274 30,848 81,450 Other 54 9,236 11,290 20,580 4 4,508 6,433 10,945 Eliminations — — — (1,609 ) — — — (1,063) Total $ 87,076 $ 242,303 $ 324,900 $ 652,670 $ 145,825 $ 172,911 $ 266,234 $ 583,907

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Schedule of future minimum lease payments under non-cancelable operating leases	Future minimum lease payments under non-cancelable operating leases (with initial lease terms in excess of one year) as of March 31, 2021 are: As of March 31, 2021 Maturity of Lease Liabilities (in thousands) Operating Leases (1) Remainder of 2021 $ 35,443 2022 40,777 2023 30,483 2024 21,829 2025 15,220 Thereafter 33,594 Total lease payments $ 177,346 Less: imputed interest (5,625 ) Present value of lease liabilities $ 171,721 (1) Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements. Certain ATM site leases contain termination options that grant the Company the option to terminate the lease prior to the stated term of the agreement. The Company includes the future minimum lease payments for these ATM site leases only to the extent that the termination option is not reasonably certain to be exercised.
Schedule of lease expense recognized in consolidated statements of income	Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three March 31, 2021 Three Months Ended March 31, 2020 Operating lease expense Selling, general and administrative and Direct operating costs $ 13,858 $ 33,188 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 22,549 8,680 Total lease expense $ 36,407 $ 41,868
Schedule of other information about lease amounts recognized in consolidated financial statements	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, 2021 Weighted- average remaining lease term (years) 5.3 W eighted- average discount rate 2.2 %
Schedule of supplemental cash flow and non-cash information related to leases	The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Three Months Ended March 31, 2021 Three Months Ended March 31, 2020 Cash paid for amounts included in the measurement of lease liabilities (a) $ 13,669 $ 32,792 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 28,188 $ 50,525 (a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

Pending Aquisition (Details)

Pending Aquisition (Details) - 1 months ended Mar. 31, 2021 € in Millions, $ in Millions	EUR (€)	USD ($)
Piraeus Bank Merchant Acquiring [Member]
PENDING ACQUISITION
Business acquisition, purchase price	€ 300	$ 360

Settlement Assets and Obligat_3

Settlement Assets and Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
Settlement cash and cash equivalents	$ 209,853	$ 188,191	$ 256,456	$ 282,188
Settlement restricted cash	58,200	76,674	$ 36,243	$ 49,168
Accounts receivable	478,209	641,955
Prepaid expenses and other current assets	214,051	234,055
Total settlement assets	960,313	1,140,875
Settlement obligations:
Trade account payables	356,612	571,175
Accrued expenses and other current liabilities	603,701	569,700
Total settlement obligations	$ 960,313	$ 1,140,875

Settlement Assets and Obligat_4

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
Cash and cash equivalents	$ 1,145,406	$ 1,420,255	$ 709,521	$ 786,081
Restricted cash	2,897	3,334	28,953	34,301
ATM cash	339,883	411,054	558,580	665,641
Settlement cash and cash equivalents	209,853	188,191	256,456	282,188
Settlement restricted cash	58,200	76,674	36,243	49,168
Cash and cash equivalents and restricted cash at end of period	$ 1,756,239	$ 2,099,508	$ 1,589,753	$ 1,817,379

Settlement Assets and Obligat_5

Settlement Assets and Obligations (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Settlement Assets [Abstract]
Allowance for doubtful other receivables, current	$ 33,980	$ 35,800

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Weighted average shares outstanding:
Basic weighted average shares outstanding	52,762,845	53,607,104
Incremental shares from assumed exercise of stock options and vesting of restricted stock		1,172,217
Diluted weighted average shares outstanding	52,762,845	54,779,321

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Feb. 26, 2020	Mar. 18, 2019	Mar. 11, 2019
Equity, Class of Treasury Stock [Line Items]
Weighted average common shares outstanding	2,437,000	886,000
Conversion price				$ 188.73
Market price	$ 138.30	$ 85.72
Foreign currency translation gain	$ 42,900,000	$ 59,800,000
Stock repurchase program, authorized amount	$ 0
Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, number of shares authorized			5,000,000
Stock repurchase program, authorized amount			$ 250,000,000		$ 120,000,000

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets, Net (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets, Balance	$ 121,883
Decreases:
Acquisition
Amortization	(5,789)
Other (primarily changes in foreign currency exchange rates)	(1,326)
Acquired Intangible Assets, Balance	114,768
Goodwill, Balance	665,821
Decreases:
Acquisition
Amortization
Other (primarily changes in foreign currency exchange rates)	(12,693)
Goodwill, Balance	653,128
Total Intangible Assets, Balance	787,704
Decreases:
Acquisition
Amortization	(5,789)
Other (primarily changes in foreign currency exchange rates)	(14,019)
Total Intangible Assets, Balance	$ 767,896

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, expected amortization, remainder of 2021	$ 17,000
Finite-lived intangible asset, expected amortization, 2022	21,500
Finite-lived intangible asset, expected amortization, 2023	16,600
Finite-lived intangible asset, expected amortization, 2024	9,800
Finite-lived intangible asset, expected amortization, 2025	6,400
Finite-lived intangible asset, expected amortization, 2026	6,200
Goodwill	653,128	$ 665,821
Goodwill [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	653,100
EFT Processing Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	122,800
Money Transfer Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	398,000
Epay Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 132,300

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses	$ 314,103	$ 331,713
Derivative liabilities	41,219	65,905
Current portion of capital lease obligations	5,817	6,403
Total	$ 361,139	$ 404,021

Unearned Revenue (Details)

Unearned Revenue (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2021	Dec. 31, 2020
Deferred Revenue Disclosure [Abstract]
Decrease in deferred revenue	$ 22.9
Deferred revenue, revenue recognized		$ 21.6

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Revolving credit agreement		$ 270,400
Senior notes	703,700
Other obligations	813	850
Total debt obligations	1,160,652	1,456,318
Unamortized debt issuance costs	(16,883)	(17,932)
Carrying value of debt	1,143,769	1,438,386
Short-term debt obligations and current maturities of long-term debt obligations	(743)	(797)
Long-term debt obligations	1,143,026	1,437,589
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	456,159	452,228
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes	$ 703,680	$ 732,840

Debt Obligations (Details Textu

Debt Obligations (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Mar. 18, 2019	Oct. 17, 2018	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020	May 22, 2019
Debt Instrument [Line Items]
Senior notes			$ 703.7
Conversion price	$ 188.73
Debt instrument, convertible, carrying amount of equity component			99.7
Debt instrument, interest rate during period	100.00%
Line of credit facility, expiration date		Oct. 17, 2023
Line of credit, current			0.8		$ 0.9
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			200
Due 2049 [Member]
Debt Instrument [Line Items]
Sale of convertible senior notes	$ 525
Interest expense, debt			1	$ 1
Amortization of debt discount (premium)			$ 3.9	$ 3.7
Debt instrument, interest rate during period			4.40%
Debt instrument, unamortized discount			$ 68.8
Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes						$ 669.9
Long-term debt, percentage bearing fixed interest, percentage rate			1.375%
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin			1.125%
Minimum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin			0.175%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin			2.00%
Maximum [Member] | Base Rate [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin			1.00%
Swingline loans [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			$ 50
Foreign Swingline Loans [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity			90
Unsecured Debt [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 1,000
Euro Member Countries, Euro
Debt Instrument [Line Items]
Senior notes			$ 600
Euro Member Countries, Euro | Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes						$ 600

Derivative Instruments and He_3

Derivative Instruments and Hedging Activities (Details) - Foreign Exchange Contracts [Member] - Not Designated as Hedging Instrument [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 49,390	$ 80,879
Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivative instruments, liability at fair value	$ (41,219)	$ (65,905)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets, Gross Amounts of Recognized Assets	$ 49,390	$ 80,879
Derivative Assets, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Assets, Net Amounts Presented in the Consolidated Balance Sheet	49,390	80,879
Derivative Assets, Financial Instruments	(26,069)	(44,893)
Derivative Assets, Cash Collateral Received	(4,243)	(2,778)
Derivative Assets, Net Amounts	19,078	33,208
Derivative Liabilities, Gross Amounts of Recognized Liabilities	(41,219)	(65,905)
Derivative Liabilities, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Liabilities, Net Amounts Presented in the Consolidated Balance Sheet	(41,219)	(65,905)
Derivative Liabilities, Financial Instruments	26,069	44,893
Derivative Liabilities, Cash Collateral Paid	2,307	12,272
Derivative Liabilities, Net Amounts	$ (12,843)	$ (8,740)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Ria Operations [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	$ (2,468)	$ 1,019

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Details Textual) - Foreign Exchange Contracts [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020	Dec. 31, 2020
Xe Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 1,400		$ 1,300
United States of America, Dollars | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	120		246
Euro Member Countries, Euro | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 593		$ 454
Maximum [Member] | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term	14 days
Trading Revenue [Member] | Xe Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	$ 18.5	$ 18.1

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 49,390	$ 80,879
Foreign Currency Contracts, Liability, Fair Value Disclosure	(41,219)	(65,905)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure
Foreign Currency Contracts, Liability, Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	49,390	80,879
Foreign Currency Contracts, Liability, Fair Value Disclosure	(41,219)	(65,905)
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure
Foreign Currency Contracts, Liability, Fair Value Disclosure

Fair Value Measurements (Deta_2

Fair Value Measurements (Details Textual) $ in Millions	Mar. 31, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	$ 703.7
Convertible Notes Payable [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Convertible Debt, Fair Value Disclosures	631.4
Convertible Debt	456.2
Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Notes Payable, Fair Value Disclosure	712
Senior notes	$ 703.7

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 652,670	$ 583,907
Operating expenses:
Direct operating costs	434,516	359,456
Salaries and benefits	115,668	101,240
Selling, general and administrative	58,776	60,793
Depreciation and amortization	33,261	30,816
Total operating expenses	642,221	552,305
Operating income	10,449	31,602
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	87,076	145,825
Operating expenses:
Direct operating costs	69,612	87,536
Salaries and benefits	23,571	22,091
Selling, general and administrative	11,962	10,941
Depreciation and amortization	22,027	20,322
Total operating expenses	127,172	140,890
Operating income	(40,096)	4,935
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	242,303	172,911
Operating expenses:
Direct operating costs	182,633	130,074
Salaries and benefits	19,369	15,697
Selling, general and administrative	9,020	8,838
Depreciation and amortization	2,124	1,844
Total operating expenses	213,146	156,453
Operating income	29,157	16,458
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	324,900	266,234
Operating expenses:
Direct operating costs	183,878	142,909
Salaries and benefits	60,540	53,864
Selling, general and administrative	36,116	38,582
Depreciation and amortization	8,963	8,571
Total operating expenses	289,497	243,926
Operating income	35,403	22,308
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(1,609)	(1,063)
Operating expenses:
Direct operating costs	(1,607)	(1,063)
Salaries and benefits	12,188	9,588
Selling, general and administrative	1,678	2,432
Depreciation and amortization	147	79
Total operating expenses	12,406	11,036
Operating income	$ (14,015)	$ (12,099)

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	Mar. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total	$ 4,350,834	$ 4,926,711
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total	1,400,396	1,541,610
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total	915,875	1,135,204
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total	1,764,127	1,755,651
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total	$ 270,436	$ 494,246

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 652,670	$ 583,907
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	87,076	145,825
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	242,303	172,911
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	324,900	266,234
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Revenues	(1,609)	(1,063)
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	344,609	305,809
Europe [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	46,862	99,474
Europe [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	164,908	115,277
Europe [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	132,839	91,058
North America [Member]
Segment Reporting Information [Line Items]
Revenues	200,609	186,766
North America [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	14,466	15,019
North America [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	33,841	33,852
North America [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	152,302	137,895
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	88,481	81,450
Asia Pacific [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	25,694	31,328
Asia Pacific [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	34,318	19,274
Asia Pacific [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	28,469	30,848
Other [Member]
Segment Reporting Information [Line Items]
Revenues	20,580	10,945
Other [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	54	4
Other [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	9,236	4,508
Other [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	11,290	6,433
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(1,609)	(1,063)
Eliminations [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Eliminations [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues
Eliminations [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues

Segment Information (Details Te

Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate	236.90%	58.70%
Federal statutory income tax rate	21.00%	21.00%

Commitments (Details)

Commitments (Details) $ in Millions	Mar. 31, 2021USD ($)
Other Commitments [Line Items]
Letters of credit outstanding, amount	$ 87.4
Collateralized cash deposits	3.8
Credit Facility [Domain]
Other Commitments [Line Items]
Letters of credit outstanding, amount	58.9
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	11.2
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	45.4
Indemnification Agreement [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 486

Leases (Details)

Leases (Details) $ in Thousands	Mar. 31, 2021USD ($)
Leases [Abstract]
Remainder of 2021	$ 35,443	[1]
2022	40,777	[1]
2023	30,483	[1]
2024	21,829	[1]
2025	15,220	[1]
Thereafter	33,594	[1]
Total lease payments	177,346	[1]
Less: imputed interest	5,625
Present value of lease liabilities	$ 171,721	[1]
[1]	Operating lease payments reflect the Company's current fixed obligations under the operating lease agreements. Certain ATM site leases contain termination options that grant the Company the option to terminate the lease prior to the stated term of the agreement. The Company includes the future minimum lease payments for these ATM site leases only to the extent that the termination option is not reasonably certain to be exercised.

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Operating lease expense	$ 13,858	$ 33,188
Short-term and variable lease expense	22,549	8,680
Total lease expense	$ 36,407	$ 41,868

Leases (Details 2)

Leases (Details 2)	3 Months Ended
	Mar. 31, 2021
Leases [Abstract]
Weighted- average remaining lease term (years)	5 years 3 months 18 days
Weighted- average discount rate	2.20%

Leases (Details 3)

Leases (Details 3) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2021	Mar. 31, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	[1]	$ 13,669	$ 32,792
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities		$ 28,188	$ 50,525
[1]	Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.