Euronet Worldwide (EEFT) 10-Q 28 Oct 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 27, 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	Sep. 30, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		52,856,023
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	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,048,466	$ 1,420,255
ATM cash	669,686	411,054
Restricted cash	3,626	3,334
Settlement assets	928,740	1,140,875
Trade accounts receivable, net of credit losses of $4,504 and $5,926	152,564	117,517
Prepaid expenses and other current assets	235,209	272,900
Total current assets	3,038,291	3,365,935
Operating right of use lease assets	165,327	162,074
Property and equipment, net of accumulated depreciation of $517,319 and $490,429	350,727	378,441
Goodwill	646,178	665,821
Acquired intangible assets, net of accumulated amortization of $180,100 and $175,210	102,238	121,883
Other assets, net of accumulated amortization of $60,908 and $55,710	223,557	232,557
Total assets	4,526,318	4,926,711
Current liabilities:
Settlement obligations	928,740	1,140,875
Trade accounts payable	168,792	147,593
Accrued expenses and other current liabilities	369,283	404,021
Current portion of operating lease liabilities	54,210	52,436
Short-term debt obligations and current maturities of long-term debt obligations	985	797
Income taxes payable	53,147	36,359
Deferred revenue	67,677	73,360
Total current liabilities	1,642,834	1,855,441
Debt obligations, net of current portion	1,197,495	1,437,589
Operating lease obligations, net of current portion	115,289	106,502
Deferred income taxes	38,666	37,875
Other long-term liabilities	40,577	43,401
Total liabilities	3,034,861	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 63,483,092 and 63,366,010	1,270	1,267
Additional paid-in-capital	1,260,283	1,228,446
Treasury stock, at cost, shares issued 10,627,621 and 10,631,961	(703,136)	(703,032)
Retained earnings	1,087,007	1,013,155
Accumulated other comprehensive loss	(154,048)	(94,214)
Total Euronet Worldwide, Inc. stockholders’ equity	1,491,376	1,445,622
Noncontrolling interests	81	281
Total equity	1,491,457	1,445,903
Total liabilities and equity	$ 4,526,318	$ 4,926,711

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 4,504	$ 5,926
Accumulated depreciation of property and equipment	517,319	490,429
Accumulated amortization of intangible assets	180,100	175,210
Accumulated amortization of other assets	$ 60,908	$ 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	63,483,092	63,366,010
Treasury stock, shares	10,627,621	10,631,961

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Revenues	$ 816,560	$ 664,351	$ 2,183,916	$ 1,776,061
Operating expenses:
Direct operating costs	484,438	407,598	1,389,770	1,117,065
Salaries and benefits	119,421	101,577	356,160	293,769
Selling, general and administrative	64,298	55,225	182,193	169,333
Goodwill and acquired intangible assets impairment		1,467		106,021
Depreciation and amortization	33,909	32,412	100,729	93,470
Total operating expenses	702,066	598,279	2,028,852	1,779,658
Operating income (loss)	114,494	66,072	155,064	(3,597)
Other income (expense):
Interest income	153	139	539	867
Interest expense	(10,072)	(9,477)	(28,718)	(27,594)
Foreign currency exchange loss, net	(8,135)	(1,368)	(12,051)	(17,679)
Other gains, net			31	728
Other expense, net	(18,054)	(10,706)	(40,199)	(43,678)
Income (loss) before income taxes	96,440	55,366	114,865	(47,275)
Income tax expense	(22,726)	(15,051)	(41,140)	(26,423)
Net income (loss)	73,714	40,315	73,725	(73,698)
Net loss (income) attributable to noncontrolling interests	168	(66)	127	64
Net income (loss) attributable to Euronet Worldwide, Inc.	$ 73,882	$ 40,249	$ 73,852	$ (73,634)
Earnings (loss) per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ 1.40	$ 0.77	$ 1.40	$ (1.40)
Diluted	$ 1.37	$ 0.76	$ 1.37	$ (1.40)
Weighted average shares outstanding:
Basic	52,829,386	52,294,522	52,799,199	52,712,030
Diluted	53,853,675	53,201,971	53,933,226	52,712,030

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Statement [Abstract]
Net income (loss)	$ 73,714	$ 40,315	$ 73,725	$ (73,698)
Translation adjustment	(29,692)	47,006	(59,907)	19,360
Comprehensive income (loss)	44,022	87,321	13,818	(54,338)
Comprehensive loss (income) attributable to noncontrolling interests	196	(133)	200	11
Comprehensive income (loss) attributable to Euronet Worldwide, Inc.	$ 44,218	$ 87,188	$ 14,018	$ (54,327)

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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	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, 2019	1,579,342	$ 1,256	1,190,058	(463,704)	1,016,554	(164,890)	68
Balance, shares at Dec. 31, 2019		54,220,854
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(73,698)
Balance at Sep. 30, 2020	1,305,758	$ 1,259	1,210,709	(703,604)	942,920	(145,583)	57
Balance, shares at Sep. 30, 2020		52,310,135
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(115,733)				(115,804)		71
Other comprehensive loss	32,172					32,145	27
Stock issued under employee stock plans	3,824	$ 2	3,763	59
Stock issued under employee stock plans, shares		82,841
Share-based compensation	3,125		3,125
Balance at Jun. 30, 2020	1,212,660	$ 1,259	1,204,985	(703,657)	902,671	(192,522)	(76)
Balance, shares at Jun. 30, 2020		52,288,531
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	40,315				40,249		66
Other comprehensive loss	47,006					46,939	67
Stock issued under employee stock plans	740		687	53
Stock issued under employee stock plans, shares		21,604
Share-based compensation	5,037		5,037
Balance at Sep. 30, 2020	1,305,758	$ 1,259	1,210,709	(703,604)	942,920	(145,583)	57
Balance, shares at Sep. 30, 2020		52,310,135
Balance at Dec. 31, 2020	1,445,903	$ 1,267	1,228,446	(703,032)	1,013,155	(94,214)	281
Balance, shares at Dec. 31, 2020		52,734,049
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(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
Balance at Dec. 31, 2020	1,445,903	$ 1,267	1,228,446	(703,032)	1,013,155	(94,214)	281
Balance, shares at Dec. 31, 2020		52,734,049
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	73,725
Balance at Sep. 30, 2021	1,491,457	$ 1,270	1,260,283	(703,136)	1,087,007	(154,048)	81
Balance, shares at Sep. 30, 2021		52,855,471
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
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	8,632				8,635		(3)
Other comprehensive loss	12,686					12,675	11
Stock issued under employee stock plans	1,467	$ 1	1,199	267
Stock issued under employee stock plans, shares		25,769
Share-based compensation	10,984		10,984
Balance at Jun. 30, 2021	1,439,496	$ 1,269	1,252,456	(703,247)	1,013,125	(124,384)	277
Balance, shares at Jun. 30, 2021		52,822,254
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	73,714				73,882		(168)
Other comprehensive loss	(29,692)					(29,664)	(28)
Stock issued under employee stock plans	1,134	$ 1	1,022	111
Stock issued under employee stock plans, shares		33,217
Share-based compensation	6,805		6,805
Balance at Sep. 30, 2021	$ 1,491,457	$ 1,270	$ 1,260,283	$ (703,136)	$ 1,087,007	$ (154,048)	$ 81
Balance, shares at Sep. 30, 2021		52,855,471

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Statement of Cash Flows [Abstract]
Net income (loss)	$ 73,725	$ (73,698)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	100,729	93,470
Share-based compensation	26,281	14,500
Unrealized foreign exchange loss, net	12,051	17,679
Deferred income taxes	1,412	(5,011)
Goodwill and acquired intangible assets impairment		106,021
Accretion of convertible debt discount and amortization of debt issuance costs	15,099	13,996
Changes in working capital, net of amounts acquired:
Income taxes payable, net	17,464	(26,625)
Trade accounts receivable	96,541	232,380
Prepaid expenses and other current assets	119,698	(25,917)
Trade accounts payable	(209,069)	(127,291)
Deferred revenue	(2,782)	(4,540)
Accrued expenses and other current liabilities	47,254	25,110
Changes in noncurrent assets and liabilities	5,937	(19,658)
Net cash provided by operating activities	304,340	220,416
Cash flows from investing activities:
Acquisitions, net of cash acquired		(451)
Purchases of property and equipment	(66,058)	(71,396)
Purchases of other long-term assets	(6,171)	(5,968)
Other, net	1,277	742
Net cash used in investing activities	(70,952)	(77,073)
Cash flows from financing activities:
Proceeds from issuance of shares	6,443	6,564
Repurchase of shares	(979)	(240,838)
Borrowings from revolving credit agreements	3,539,100	2,018,600
Repayments of revolving credit agreements	(3,756,300)	(2,018,600)
Net borrowing (repayments) from short-term debt obligations	199	(5,032)
Other, net	(4,754)	(4,763)
Net cash used in financing activities	(216,291)	(244,069)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(82,667)	32,042
Decrease in cash and cash equivalents and restricted cash	(65,570)	(68,684)
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	2,033,938	1,748,695
Supplemental disclosure of cash flow information:
Interest paid during the period	17,226	16,653
Income taxes paid during the period	$ 28,752	$ 50,300

General

General	9 Months Ended
	Sep. 30, 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, 1996 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	9 Months Ended
	Sep. 30, 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"

Pending Acquisition

Pending Acquisition	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 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 accounts 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 accrued expenses for money transfers, content providers, and EFT customer deposits and accounts payable to agents and content providers. Money transfer accrued expenses represent amounts to be paid to transferees when they request funds. Most agents typically settle with transferees first then obtain reimbursement from the Company. Money order accrued expenses represent amounts not yet presented for payment. Due to the agent funding and settlement process, accrued expenses to agents represent amounts due to agents for money transfers that have not been settled with transferees. As of (in thousands) September 30, 2021 December 31, 2020 Settlement assets: Settlement cash and cash equivalents $ 259,727 $ 188,191 Settlement restricted cash 52,433 76,674 Accounts receivable, net of credit losses of $31,220 and $35,800 478,760 641,955 Prepaid expenses and other current assets 137,820 234,055 Total settlement assets $ 928,740 $ 1,140,875 Settlement obligations: Trade account payables $ 319,193 $ 571,175 Accrued expenses and other current liabilities 609,547 569,700 Total settlement obligations $ 928,740 $ 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) September 30, 2021 December 31, 2020 September 30, 2020 December 31, 2019 Cash and cash equivalents $ 1,048,466 $ 1,420,255 $ 1,008,183 $ 786,081 Restricted cash 3,626 3,334 14,204 34,301 ATM cash 669,686 411,054 409,683 665,641 Settlement cash and cash equivalents 259,727 188,191 272,467 282,188 Settlement restricted cash 52,433 76,674 44,158 49,168 Cash and cash equivalents and restricted cash at end of period $ 2,033,938 $ 2,099,508 $ 1,748,695 $ 1,817,379

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	(5) STOCKHOLDERS' EQUITY Earnings (Loss) Per Share Basic earnings (loss) per share has been computed by dividing earnings (loss) available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted earnings (loss) per share has been computed by dividing earnings (loss) 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 September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 52,829,386 52,294,522 52,799,199 52,712,030 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,024,289 907,449 1,134,027 — Diluted weighted average shares outstanding 53,853,675 53,201,971 53,933,226 52,712,030 The table includes all stock options and restricted stock that are dilutive to the Company's weighted average common shares outstanding during the period. The calculation of diluted earnings (loss) 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 770,000 and 751,000 three and nine respectively, and approximately 1,122,000 and 1,887,000 for the three and nine months ended September 30, 2020 , 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 earnings (loss) 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 $127.28 on September 30, 2021 and $91.10 on September 30, 2020 , t Earnings per Share (“ASC 260”) , there was no dilutive effect of the assumed conversion of the debentures for the three and nine months ended September 30, 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 and nine months ended September 30, 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 Income (Loss) Accumulated other comprehensive income (loss) consists entirely of foreign currency translation adjustments. The Company recorded a foreign currency translation loss of $29.7 million and $59.9 million for the three and nine months ended September 30, 2021, respectively, and a gain of $47.0 million and $19.4 million three and nine months ended September 30, 2020, There were no reclassifications of foreign currency translation into the consolidated statements of operations for the three and nine months ended September 30, 2021 and 2020 .

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 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 (17,388 ) — (17,388 ) Foreign currency exchange rate changes (2,257 ) (19,643 ) (21,900 ) Balance as of September 30, 2021 $ 102,238 $ 646,178 $ 748,416 Of the total goodwill balance of $646.2 million as of September 30, 2021 , $393.9 million relates to the Money Transfer Segment, $131.0 million relates to the epay Segment and the remaining $121.3 million relates to the EFT Processing Segment. .

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 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) September 30, 2021 December 31, 2020 Accrued expenses $ 339,023 $ 331,713 Derivative liabilities 25,498 65,905 Current portion of finance lease obligations 4,762 6,403 Total $ 369,283 $ 404,021

Unearned Revenues

Unearned Revenues	9 Months Ended
	Sep. 30, 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 decrease in the deferred revenue balance for the nine months ended September 30, 2021 is driven by $39.7 million of cash payments received in the current year for which the Company has not yet satisfied the performance obligations, offset by $45.4 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2020.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2021
Debt Obligations [Abstract]
DEBT OBLIGATIONS	(9) DEBT OBLIGATIONS Debt obligations consist of the following: As of (in thousands) September 30, 2021 December 31, 2020 Credit Facility: Revolving credit agreement $ 53,200 $ 270,400 Convertible Debt: 0.75% convertible notes, unsecured, due 2049 464,161 452,228 1.375% Senior Notes, due 2026 694,860 732,840 Other obligations 1,054 850 Total debt obligations 1,213,275 1,456,318 Unamortized debt issuance costs (14,795 ) (17,932 ) Carrying value of debt 1,198,480 1,438,386 Short-term debt obligations and current maturities of long-term debt obligations (985 ) (797 ) Long-term debt obligations $ 1,197,495 $ 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 . In May 2021, an additional lender joined the Credit Facility which increased the revolving commitment by $30 million. 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 September 30, 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- 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 and $3.0 million for the . Accretion expense for the Convertible Notes was $4.0 million and $11.9 for the three and nine months ended September 30, 2021 , respectively, and $3.8 million and $11.4 million for the three The effective interest rate was 4.4% for the three and nine months ended September 30, 2021. As of September 30, 2021, the unamortized discount was $60.8 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 September 30, 2021 , the Company has outstanding €600 million ( $694.9 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 September 30, 2021 and December 31, 2020 , borrowings under these arrangements were $1.1 million and $0.9 million , respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 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 Topic 815, Derivatives and Hedging , 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 $275 million and $ 246 . 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 $46 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 $20.1 million and $58.5 million for the three and nine months ended September 30, 2021 , respectively, and $14.4 million and $45.7 million . 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 September 30, 2021 and December 31, 2020 was approximately $1.1 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 September 30, 2021 December 31, 2020 Balance Sheet Location September 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 31,160 $ 80,879 Other current liabilities $ (25,498 ) $ (65,905 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of September 30, 2021 and December 31, 2020 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 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 $ 31,160 $ — $ 31,160 $ (12,780 ) $ (2,616 ) $ 15,764 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 September 30, 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 $ (25,498 ) $ — $ (25,498 ) $ 12,780 $ 825 $ (11,893 ) 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 Operations for the three and nine months ended September 30, 2021 and 2020 : Amount of Gain (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Foreign currency exchange contracts - Ria Operations Foreign currency exchange gain (loss), net $ 388 $ (4,060) $ 1,835 $ (4,283) (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	9 Months Ended
	Sep. 30, 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 September 30, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 31,160 $ — $ 31,160 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (25,498 ) $ — $ (25,498 ) 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 September 30, 2021 , the fair values of the Convertible Notes and Senior Notes were $603.1 million and $710.3 million , respectively, with carrying values of $464.2 million and $694.9 million , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 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 and nine months ended September 30, 2021 and 2020 : For the Three Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 227,129 $ 238,319 $ 353,451 $ (2,339 ) $ 816,560 Operating expenses: Direct operating costs 106,321 180,206 200,231 (2,320 ) 484,438 Salaries and benefits 23,665 20,104 65,285 10,367 119,421 Selling, general and administrative 11,301 9,802 41,533 1,662 64,298 Depreciation and amortization 22,640 2,253 8,897 119 33,909 Total operating expenses 163,927 212,365 315,946 9,828 702,066 Operating income (expense) $ 63,202 $ 25,954 $ 37,505 $ (12,167 ) $ 114,494 For the Three Months Ended September 30, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 144,062 $ 198,939 $ 323,092 $ ( ) $ 664,351 Operating expenses: Direct operating costs 82,626 149,993 176,718 ( ) 407,598 Salaries and benefits 25,182 16,108 52,035 8,252 101,577 Selling, general and administrative 8,577 8,455 36,601 1,592 55,225 Goodwill and acquired intangible assets impairment — — 1,467 — 1,467 Depreciation and amortization 21,516 2,134 8,645 117 32,412 Total operating expenses 137,901 176,690 275,466 8,222 598,279 Operating income (expense) $ 6,161 $ 22,249 $ 47,626 $ ( ) $ 66,072 For the Nine Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 427,687 $ 724,540 $ 1,037,659 $ (5,970 ) $ 2,183,916 Operating expenses: Direct operating costs 258,614 547,828 589,273 (5,945 ) 1,389,770 Salaries and benefits 71,334 59,248 188,535 37,043 356,160 Selling, general and administrative 33,062 28,594 115,975 4,562 182,193 Depreciation and amortization 66,907 6,524 26,886 412 100,729 Total operating expenses 429,917 642,194 920,669 36,072 2,028,852 Operating (loss) income $ (2,230 ) $ 82,346 $ 116,990 $ (42,042 ) $ 155,064 For the Nine Months Ended September 30, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 368,375 $ 559,413 $ 852,189 $ ( ) $ 1,776,061 Operating expenses: Direct operating costs 232,627 424,123 464,216 ( ) 1,117,065 Salaries and benefits 68,562 46,996 154,958 23,253 293,769 Selling, general and administrative 29,033 25,928 108,355 6,017 169,333 Goodwill and acquired intangible assets impairment 21,861 — 84,160 — 106,021 Depreciation and amortization 61,772 5,629 25,793 276 93,470 Total operating expenses 413,855 502,676 837,482 25,645 1,779,658 Operating (loss) income $ (45,480 ) $ 56,737 $ 14,707 $ ( ) $ (3,597 ) The following table presents the Company’s total assets by reportable segment: Total Assets as of (in thousands) September 30, 2021 December 31, 2020 EFT Processing $ 1,834,405 $ 1,541,610 epay 912,934 1,135,204 Money Transfer 1,625,178 1,755,651 Corporate Services, Eliminations and Other 153,801 494,246 Total $ 4,526,318 $ 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 September 30, 2021 For the Nine Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 183,163 $ 150,465 $ 145,813 $ 479,441 $ 303,134 $ 475,933 $ 428,258 $ 1,207,325 North America 16,341 35,876 169,473 221,690 46,010 104,318 492,099 642,427 Asia Pacific 27,381 39,303 24,588 91,272 78,110 111,998 79,581 269,689 Other 244 12,675 13,577 26,496 433 32,291 37,721 70,445 Eliminations — — — (2,339 ) — — — (5,970 ) Total $ 227,129 $ 238,319 $ 353,451 $ 816,560 $ 427,687 $ 724,540 $ 1,037,659 $ 2,183,916 For the Three Months Ended September 30, 2020 For the Nine Months Ended 30, 2020 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 107,182 $ 131,330 $ 127,399 $ 365,911 $ 251,583 $ 368,101 $ 317,187 $ 936,871 North America 14,318 32,645 152,195 199,158 42,461 102,603 422,980 568,044 Asia Pacific 22,562 26,679 34,036 83,277 74,327 69,916 91,116 235,359 Other — 8,285 9,462 17,747 4 18,793 20,906 39,703 Eliminations — — — ( ) — — — ( ) Total $ 144,062 $ 198,939 $ 323,092 $ 664,351 $ 368,375 $ 559,413 $ 852,189 $ 1,776,061

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Tax Disclosure [Abstract]
INCOME TAXES	( 13 Our effective income tax rate was 23.6 and 35.8 for the three and nine months ended September 30, 2021, respectively, compared to 27.2% and (55.9)% for t Our effective income tax rate for the three and nine months ended September 30, 2021 was higher than the applicable statutory income tax rate of 21% as a result of certain foreign earnings being subject to higher local statutory tax rates, the non-recognition of tax benefits from losses in certain foreign countries where we have a limited history of profitable earnings and as a result of an increase in the valuation allowance in certain jurisdictions relating to the reversal of tax benefits recognized in the first quarter of 2021 for continuing net operating losses. Our effe 21% primarily due to the non-deductible goodwill impairment charge during the second quarter of 2020 and as a result of an increase in the valuation allowance in certain jurisdictions relating to the reversal of tax benefits recognized in the first and second quarters of 2020 for net operating losses in those jurisdictions which have a limited history of profitable earnings.

Commitments

Commitments	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS	(14) COMMITMENTS As of September 30, 2021 , the Company had $85.3 million of stand-by letters of credit/bank guarantees issued on its behalf, of which $57.9 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 September 30, 2021 , the Company had granted off balance sheet guarantees for cash in various ATM networks amounting to $11.4 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $39.4 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 September 30, 2021 , the balance of such cash used in the Company's ATM networks for which the Company was responsible was approximately $719 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 September 30, 2021 or December 31, 2020 .

Litigation and Contingencies

Litigation and Contingencies	9 Months Ended
	Sep. 30, 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	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
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 September 30, 2021 are: As of September 30, 2021 Maturity of Lease Liabilities (in thousands) Operating Leases (1) R emainde 2021 $ 12,459 2022 45,386 2023 35,053 2024 25,704 2025 18,363 Thereafter 34,972 Total lease payments $ 171,937 Less: imputed interest (2,438 ) Present value of lease liabilities $ 169,499 (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 Operations is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Operating lease expense Selling, general and administrative and Direct operating costs $ 13,880 $ 14,694 $ 41,884 $ 68,927 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 34,808 26,429 84,279 47,390 Total lease expense $ 48,688 $ 41,123 $ 126,163 $ 116,317 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 September 30, 2021 Weighted- average remaining lease term (years) 5.0 W eighted- average discount rate 2.26 % The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities (a) $ 38,763 $ 66,402 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 57,580 $ 64,149 (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)	9 Months Ended
	Sep. 30, 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"

Settlement Assets and Obligat_2

Settlement Assets and Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Settlement Assets [Abstract]
Schedule of settlement assets and liabilities	As of (in thousands) September 30, 2021 December 31, 2020 Settlement assets: Settlement cash and cash equivalents $ 259,727 $ 188,191 Settlement restricted cash 52,433 76,674 Accounts receivable, net of credit losses of $31,220 and $35,800 478,760 641,955 Prepaid expenses and other current assets 137,820 234,055 Total settlement assets $ 928,740 $ 1,140,875 Settlement obligations: Trade account payables $ 319,193 $ 571,175 Accrued expenses and other current liabilities 609,547 569,700 Total settlement obligations $ 928,740 $ 1,140,875
Schedule of cash and cash equivalents restricted cash	As of (in thousands) September 30, 2021 December 31, 2020 September 30, 2020 December 31, 2019 Cash and cash equivalents $ 1,048,466 $ 1,420,255 $ 1,008,183 $ 786,081 Restricted cash 3,626 3,334 14,204 34,301 ATM cash 669,686 411,054 409,683 665,641 Settlement cash and cash equivalents 259,727 188,191 272,467 282,188 Settlement restricted cash 52,433 76,674 44,158 49,168 Cash and cash equivalents and restricted cash at end of period $ 2,033,938 $ 2,099,508 $ 1,748,695 $ 1,817,379

Stocholders' Equity (Tables)

Stocholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Stockholders' Equity Note [Abstract]
Schedule of computation of diluted weighted average number of common shares outstanding	Three Months Ended September 30, Nine Months Ended September 30, 2021 2020 2021 2020 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 52,829,386 52,294,522 52,799,199 52,712,030 Incremental shares from assumed exercise of stock options and vesting of restricted stock 1,024,289 907,449 1,134,027 — Diluted weighted average shares outstanding 53,853,675 53,201,971 53,933,226 52,712,030

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 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 nine months ended September 30, 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 (17,388 ) — (17,388 ) Foreign currency exchange rate changes (2,257 ) (19,643 ) (21,900 ) Balance as of September 30, 2021 $ 102,238 $ 646,178 $ 748,416

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 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) September 30, 2021 December 31, 2020 Accrued expenses $ 339,023 $ 331,713 Derivative liabilities 25,498 65,905 Current portion of finance lease obligations 4,762 6,403 Total $ 369,283 $ 404,021

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Debt Disclosure [Abstract]
Schedule of debt obligations	As of (in thousands) September 30, 2021 December 31, 2020 Credit Facility: Revolving credit agreement $ 53,200 $ 270,400 Convertible Debt: 0.75% convertible notes, unsecured, due 2049 464,161 452,228 1.375% Senior Notes, due 2026 694,860 732,840 Other obligations 1,054 850 Total debt obligations 1,213,275 1,456,318 Unamortized debt issuance costs (14,795 ) (17,932 ) Carrying value of debt 1,198,480 1,438,386 Short-term debt obligations and current maturities of long-term debt obligations (985 ) (797 ) Long-term debt obligations $ 1,197,495 $ 1,437,589

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2021 December 31, 2020 Balance Sheet Location September 30, 2021 December 31, 2020 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 31,160 $ 80,879 Other current liabilities $ (25,498 ) $ (65,905 )
Schedule of offsetting assets and liabilities	Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 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 $ 31,160 $ — $ 31,160 $ (12,780 ) $ (2,616 ) $ 15,764 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 September 30, 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 $ (25,498 ) $ — $ (25,498 ) $ 12,780 $ 825 $ (11,893 ) 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 Gain (Loss) Recognized in Income on Derivative Contracts (a) Location of Gain (Loss) Recognized in Income on Derivative Contracts Three Months Ended September 30, Nine Months Ended September 30, (in thousands) 2021 2020 2021 2020 Foreign currency exchange contracts - Ria Operations Foreign currency exchange gain (loss), net $ 388 $ (4,060) $ 1,835 $ (4,283) (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)	9 Months Ended
	Sep. 30, 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 September 30, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 31,160 $ — $ 31,160 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (25,498 ) $ — $ (25,498 ) 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)	9 Months Ended
	Sep. 30, 2021
Segment Reporting [Abstract]
Schedule of reportable segment results	The following tables present the Company’s reportable segment results for the three and nine months ended September 30, 2021 and 2020 : For the Three Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 227,129 $ 238,319 $ 353,451 $ (2,339 ) $ 816,560 Operating expenses: Direct operating costs 106,321 180,206 200,231 (2,320 ) 484,438 Salaries and benefits 23,665 20,104 65,285 10,367 119,421 Selling, general and administrative 11,301 9,802 41,533 1,662 64,298 Depreciation and amortization 22,640 2,253 8,897 119 33,909 Total operating expenses 163,927 212,365 315,946 9,828 702,066 Operating income (expense) $ 63,202 $ 25,954 $ 37,505 $ (12,167 ) $ 114,494 For the Three Months Ended September 30, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 144,062 $ 198,939 $ 323,092 $ ( ) $ 664,351 Operating expenses: Direct operating costs 82,626 149,993 176,718 ( ) 407,598 Salaries and benefits 25,182 16,108 52,035 8,252 101,577 Selling, general and administrative 8,577 8,455 36,601 1,592 55,225 Goodwill and acquired intangible assets impairment — — 1,467 — 1,467 Depreciation and amortization 21,516 2,134 8,645 117 32,412 Total operating expenses 137,901 176,690 275,466 8,222 598,279 Operating income (expense) $ 6,161 $ 22,249 $ 47,626 $ ( ) $ 66,072 For the Nine Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 427,687 $ 724,540 $ 1,037,659 $ (5,970 ) $ 2,183,916 Operating expenses: Direct operating costs 258,614 547,828 589,273 (5,945 ) 1,389,770 Salaries and benefits 71,334 59,248 188,535 37,043 356,160 Selling, general and administrative 33,062 28,594 115,975 4,562 182,193 Depreciation and amortization 66,907 6,524 26,886 412 100,729 Total operating expenses 429,917 642,194 920,669 36,072 2,028,852 Operating (loss) income $ (2,230 ) $ 82,346 $ 116,990 $ (42,042 ) $ 155,064 For the Nine Months Ended September 30, 2020 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 368,375 $ 559,413 $ 852,189 $ ( ) $ 1,776,061 Operating expenses: Direct operating costs 232,627 424,123 464,216 ( ) 1,117,065 Salaries and benefits 68,562 46,996 154,958 23,253 293,769 Selling, general and administrative 29,033 25,928 108,355 6,017 169,333 Goodwill and acquired intangible assets impairment 21,861 — 84,160 — 106,021 Depreciation and amortization 61,772 5,629 25,793 276 93,470 Total operating expenses 413,855 502,676 837,482 25,645 1,779,658 Operating (loss) income $ (45,480 ) $ 56,737 $ 14,707 $ ( ) $ (3,597 ) The following table presents the Company’s total assets by reportable segment: Total Assets as of (in thousands) September 30, 2021 December 31, 2020 EFT Processing $ 1,834,405 $ 1,541,610 epay 912,934 1,135,204 Money Transfer 1,625,178 1,755,651 Corporate Services, Eliminations and Other 153,801 494,246 Total $ 4,526,318 $ 4,926,711
Schedule of Company's revenues disaggregated by segment and region	For the Three Months Ended September 30, 2021 For the Nine Months Ended September 30, 2021 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 183,163 $ 150,465 $ 145,813 $ 479,441 $ 303,134 $ 475,933 $ 428,258 $ 1,207,325 North America 16,341 35,876 169,473 221,690 46,010 104,318 492,099 642,427 Asia Pacific 27,381 39,303 24,588 91,272 78,110 111,998 79,581 269,689 Other 244 12,675 13,577 26,496 433 32,291 37,721 70,445 Eliminations — — — (2,339 ) — — — (5,970 ) Total $ 227,129 $ 238,319 $ 353,451 $ 816,560 $ 427,687 $ 724,540 $ 1,037,659 $ 2,183,916 For the Three Months Ended September 30, 2020 For the Nine Months Ended 30, 2020 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 107,182 $ 131,330 $ 127,399 $ 365,911 $ 251,583 $ 368,101 $ 317,187 $ 936,871 North America 14,318 32,645 152,195 199,158 42,461 102,603 422,980 568,044 Asia Pacific 22,562 26,679 34,036 83,277 74,327 69,916 91,116 235,359 Other — 8,285 9,462 17,747 4 18,793 20,906 39,703 Eliminations — — — ( ) — — — ( ) Total $ 144,062 $ 198,939 $ 323,092 $ 664,351 $ 368,375 $ 559,413 $ 852,189 $ 1,776,061

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 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 September 30, 2021 are: As of September 30, 2021 Maturity of Lease Liabilities (in thousands) Operating Leases (1) R emainde 2021 $ 12,459 2022 45,386 2023 35,053 2024 25,704 2025 18,363 Thereafter 34,972 Total lease payments $ 171,937 Less: imputed interest (2,438 ) Present value of lease liabilities $ 169,499 (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 Operations is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended September 30, 2021 Three Months Ended September 30, 2020 Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Operating lease expense Selling, general and administrative and Direct operating costs $ 13,880 $ 14,694 $ 41,884 $ 68,927 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 34,808 26,429 84,279 47,390 Total lease expense $ 48,688 $ 41,123 $ 126,163 $ 116,317
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 September 30, 2021 Weighted- average remaining lease term (years) 5.0 W eighted- average discount rate 2.26 %
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) Nine Months Ended September 30, 2021 Nine Months Ended September 30, 2020 Cash paid for amounts included in the measurement of lease liabilities (a) $ 38,763 $ 66,402 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 57,580 $ 64,149 (a) Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.

Pending Aquisition (Details)

Pending Aquisition (Details) - 3 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	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
Settlement cash and cash equivalents	$ 259,727	$ 188,191	$ 272,467	$ 282,188
Settlement restricted cash	52,433	76,674	$ 44,158	$ 49,168
Accounts receivable, net of credit losses of $31,220 and $35,800	478,760	641,955
Prepaid expenses and other current assets	137,820	234,055
Total settlement assets	928,740	1,140,875
Settlement obligations:
Trade account payables	319,193	571,175
Accrued expenses and other current liabilities	609,547	569,700
Total settlement obligations	$ 928,740	$ 1,140,875

Settlement Assets and Obligat_4

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020	Sep. 30, 2020	Dec. 31, 2019
Settlement Assets [Abstract]
Cash and cash equivalents	$ 1,048,466	$ 1,420,255	$ 1,008,183	$ 786,081
Restricted cash	3,626	3,334	14,204	34,301
ATM cash	669,686	411,054	409,683	665,641
Settlement cash and cash equivalents	259,727	188,191	272,467	282,188
Settlement restricted cash	52,433	76,674	44,158	49,168
Cash and cash equivalents and restricted cash at end of period	$ 2,033,938	$ 2,099,508	$ 1,748,695	$ 1,817,379

Settlement Assets and Obligat_5

Settlement Assets and Obligations (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Settlement Assets [Abstract]
Allowance for doubtful other receivables, current	$ 31,220	$ 35,800

Stockholders' Equity (Details)

Stockholders' Equity (Details) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Weighted average shares outstanding:
Basic	52,829,386	52,294,522	52,799,199	52,712,030
Incremental shares from assumed exercise of stock options and vesting of restricted stock	1,024,289	907,449	1,134,027
Diluted weighted average shares outstanding	53,853,675	53,201,971	53,933,226	52,712,030

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Feb. 26, 2020	Mar. 18, 2019	Mar. 11, 2019
Equity, Class of Treasury Stock [Line Items]
Weighted average common shares outstanding	770,000	1,122,000	751,000	1,887,000
Conversion price						$ 188.73
Market price	$ 127.28	$ 91.10	$ 127.28	$ 91.10
Foreign currency translation gain	$ 29,700	$ 47,000	$ 59,900	$ 19,400
Stock repurchase program, authorized amount	$ 0		$ 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	9 Months Ended
	Sep. 30, 2021USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Acquired Intangible Assets, Balance	$ 121,883
Decreases:
Acquisition
Amortization	(17,388)
Foreign currency exchange rate changes	(2,257)
Acquired Intangible Assets, Balance	102,238
Goodwill, Balance	665,821
Decreases:
Acquisition
Amortization
Foreign currency exchange rate changes	(19,643)
Goodwill, Balance	646,178
Total Intangible Assets, Balance	787,704
Decreases:
Acquisition
Amortization	17,388
Foreign currency exchange rate changes	(21,900)
Total Intangible Assets, Balance	$ 748,416

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Finite-lived intangible asset, expected amortization, remainder of 2021	$ 5,600
Finite-lived intangible asset, expected amortization, 2022	21,200
Finite-lived intangible asset, expected amortization, 2023	16,300
Finite-lived intangible asset, expected amortization, 2024	9,600
Finite-lived intangible asset, expected amortization, 2025	6,300
Finite-lived intangible asset, expected amortization, 2026	6,200
Goodwill	646,178	$ 665,821
Goodwill [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	646,200
EFT Processing Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	121,300
Money Transfer Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	393,900
Epay Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 131,000

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Payables and Accruals [Abstract]
Accrued expenses	$ 339,023	$ 331,713
Derivative liabilities	25,498	65,905
Current portion of capital lease obligations	4,762	6,403
Total	$ 369,283	$ 404,021

Unearned Revenues (Details)

Unearned Revenues (Details) - USD ($) $ in Millions	9 Months Ended	12 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Deferred Revenue Disclosure [Abstract]
Decrease in deferred revenue	$ 39.7
Deferred revenue, revenue recognized		$ 45.4

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Debt Instrument [Line Items]
Revolving credit agreement	$ 53,200	$ 270,400
Senior notes	694,900
Other obligations	1,054	850
Total debt obligations	1,213,275	1,456,318
Unamortized debt issuance costs	(14,795)	(17,932)
Carrying value of debt	1,198,480	1,438,386
Short-term debt obligations and current maturities of long-term debt obligations	(985)	(797)
Long-term debt obligations	1,197,495	1,437,589
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	464,161	452,228
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes	$ 694,860	$ 732,840

Debt Obligations (Details Textu

Debt Obligations (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Mar. 18, 2019	Oct. 17, 2018	May 31, 2021	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020	May 22, 2019
Debt Instrument [Line Items]
Increased in credit facility			$ 30
Senior notes				$ 694.9		$ 694.9
Conversion price	$ 188.73
Debt instrument, convertible, carrying amount of equity component				99.7		99.7
Contractual interest expense				1	$ 1	$ 3	$ 3
Debt instrument, interest rate during period	100.00%					4.40%
Line of credit facility, expiration date		Oct. 17, 2023
Line of credit, current				1.1		$ 1.1		$ 0.9
Accretion Expense				4	$ 3.8	11.9	$ 11.4
Line of Credit [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				200		$ 200
Due 2049 [Member]
Debt Instrument [Line Items]
Sale of convertible senior notes	$ 525
Debt instrument, interest rate during period						0.75%
Debt instrument, unamortized discount				$ 60.8		$ 60.8
Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes									$ 669.9
Debt instrument, interest rate during period						1.375%
Long-term debt, percentage bearing fixed interest, percentage rate				1.375%		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		$ 50
Foreign Swingline Loans [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity				90		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		$ 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	Sep. 30, 2021	Dec. 31, 2020
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 31,160	$ 80,879
Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivative instruments, liability at fair value	$ (25,498)	$ (65,905)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Assets, Gross Amounts of Recognized Assets	$ 31,160	$ 80,879
Derivative Assets, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Assets, Net Amounts Presented in the Consolidated Balance Sheet	31,160	80,879
Derivative Assets, Financial Instruments	(12,780)	(44,893)
Derivative Assets, Cash Collateral Received	(2,616)	(2,778)
Derivative Assets, Net Amounts	15,764	33,208
Derivative Liabilities, Gross Amounts of Recognized Liabilities	(25,498)	(65,905)
Derivative Liabilities, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Liabilities, Net Amounts Presented in the Consolidated Balance Sheet	(25,498)	(65,905)
Derivative Liabilities, Financial Instruments	12,780	44,893
Derivative Liabilities, Cash Collateral Paid	825	12,272
Derivative Liabilities, Net Amounts	$ (11,893)	$ (8,740)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 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	$ 388	$ (4,060)	$ 1,835	$ (4,283)

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Xe Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 1,100,000		$ 1,100,000		$ 1,300,000
United States of America, Dollars | Ria Operations [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount					246,000
United States of America, Dollars | Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	275,000		275,000
Euro Member Countries, Euro | Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	46,000		$ 46,000		$ 454,000
Maximum [Member] | Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency forward contract term			14 days
Trading Revenue [Member] | Xe Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	$ 20,100	$ 14,400	$ 58,500	$ 45,700

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
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	$ 31,160
Fair Value, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	31,160	$ 80,879
Foreign Currency Contracts, Liability, Fair Value Disclosure	(25,498)	(65,905)
Fair Value, 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
Foreign Currency Contracts, Liability, Fair Value Disclosure
Fair Value, 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		80,879
Foreign Currency Contracts, Liability, Fair Value Disclosure	(25,498)	(65,905)
Fair Value, 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
Foreign Currency Contracts, Liability, Fair Value Disclosure

Fair Value Measurements (Deta_2

Fair Value Measurements (Details Textual) $ in Millions	Sep. 30, 2021USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes	$ 694.9
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	603.1
Convertible Debt	464.2
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	710.3
Senior notes	$ 694.9

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Total revenues	$ 816,560	$ 664,351	$ 2,183,916	$ 1,776,061
Operating expenses:
Direct operating costs	484,438	407,598	1,389,770	1,117,065
Salaries and benefits	119,421	101,577	356,160	293,769
Selling, general and administrative	64,298	55,225	182,193	169,333
Goodwill and acquired intangible assets impairment		1,467		106,021
Depreciation and amortization	33,909	32,412	100,729	93,470
Total operating expenses	702,066	598,279	2,028,852	1,779,658
Operating income (loss)	114,494	66,072	155,064	(3,597)
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	227,129	144,062	427,687	368,375
Operating expenses:
Direct operating costs	106,321	82,626	258,614	232,627
Salaries and benefits	23,665	25,182	71,334	68,562
Selling, general and administrative	11,301	8,577	33,062	29,033
Goodwill and acquired intangible assets impairment				21,861
Depreciation and amortization	22,640	21,516	66,907	61,772
Total operating expenses	163,927	137,901	429,917	413,855
Operating income (loss)	63,202	6,161	(2,230)	(45,480)
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	238,319	198,939	724,540	559,413
Operating expenses:
Direct operating costs	180,206	149,993	547,828	424,123
Salaries and benefits	20,104	16,108	59,248	46,996
Selling, general and administrative	9,802	8,455	28,594	25,928
Goodwill and acquired intangible assets impairment
Depreciation and amortization	2,253	2,134	6,524	5,629
Total operating expenses	212,365	176,690	642,194	502,676
Operating income (loss)	25,954	22,249	82,346	56,737
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	353,451	323,092	1,037,659	852,189
Operating expenses:
Direct operating costs	200,231	176,718	589,273	464,216
Salaries and benefits	65,285	52,035	188,535	154,958
Selling, general and administrative	41,533	36,601	115,975	108,355
Goodwill and acquired intangible assets impairment		1,467		84,160
Depreciation and amortization	8,897	8,645	26,886	25,793
Total operating expenses	315,946	275,466	920,669	837,482
Operating income (loss)	37,505	47,626	116,990	14,707
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(2,339)	(1,742)	(5,970)	(3,916)
Operating expenses:
Direct operating costs	(2,320)	(1,739)	(5,945)	(3,901)
Salaries and benefits	10,367	8,252	37,043	23,253
Selling, general and administrative	1,662	1,592	4,562	6,017
Goodwill and acquired intangible assets impairment
Depreciation and amortization	119	117	412	276
Total operating expenses	9,828	8,222	36,072	25,645
Operating income (loss)	$ (12,167)	$ (9,964)	$ (42,042)	$ (29,561)

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Total	$ 4,526,318	$ 4,926,711
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total	1,834,405	1,541,610
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total	912,934	1,135,204
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total	1,625,178	1,755,651
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total	$ 153,801	$ 494,246

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Reporting Information [Line Items]
Revenues	$ 816,560	$ 664,351	$ 2,183,916	$ 1,776,061
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	227,129	144,062	427,687	368,375
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	238,319	198,939	724,540	559,413
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	353,451	323,092	1,037,659	852,189
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	479,441	365,911	1,207,325	936,871
Europe [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	183,163	107,182	303,134	251,583
Europe [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	150,465	131,330	475,933	368,101
Europe [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	145,813	127,399	428,258	317,187
North America [Member]
Segment Reporting Information [Line Items]
Revenues	221,690	199,158	642,427	568,044
North America [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	16,341	14,318	46,010	42,461
North America [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	35,876	32,645	104,318	102,603
North America [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	169,473	152,195	492,099	422,980
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	91,272	83,277	269,689	235,359
Asia Pacific [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	27,381	22,562	78,110	74,327
Asia Pacific [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	39,303	26,679	111,998	69,916
Asia Pacific [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	24,588	34,036	79,581	91,116
Other [Member]
Segment Reporting Information [Line Items]
Revenues	26,496	17,747	70,445	39,703
Other [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	244		433	4
Other [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	12,675	8,285	32,291	18,793
Other [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	13,577	9,462	37,721	20,906
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(2,339)	(1,742)	(5,970)	(3,916)
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)	9 Months Ended
	Sep. 30, 2021segment
Segment Reporting [Abstract]
Number of reportable segments	3

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Tax Disclosure [Abstract]
Effective income tax rate	23.60%	27.20%	35.80%	(55.90%)
Federal statutory income tax rate		21.00%	21.00%	21.00%

Commitments (Details)

Commitments (Details) $ in Millions	Sep. 30, 2021USD ($)
Other Commitments [Line Items]
Letters of credit outstanding, amount	$ 85.3
Collateralized cash deposits	3.7
Credit Facility [Domain]
Other Commitments [Line Items]
Letters of credit outstanding, amount	57.9
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	11.4
Performance Guarantee [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	39.4
Indemnification Agreement [Member]
Other Commitments [Line Items]
Guarantor obligations, maximum exposure, undiscounted	$ 719

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2021USD ($)
Lessee, Operating Lease, Liability, Payment, Due [Abstract]
Remainder of 2021	$ 12,459	[1]
2022	45,386	[1]
2023	35,053	[1]
2024	25,704	[1]
2025	18,363	[1]
Thereafter	34,972	[1]
Total lease payments	171,937	[1]
Less: imputed interest	2,438
Present value of lease liabilities	$ 169,499	[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		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Operating lease expense	$ 13,880	$ 14,694	$ 41,884	$ 68,927
Short-term and variable lease expense	34,808	26,429	84,279	47,390
Total lease expense	$ 48,688	$ 41,123	$ 126,163	$ 116,317

Leases (Details 2)

Leases (Details 2)	9 Months Ended
	Sep. 30, 2021
Leases [Abstract]
Weighted- average remaining lease term (years)	5 years
Weighted- average discount rate	2.26%

Leases (Details 3)

Leases (Details 3) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2021	Sep. 30, 2020
Leases [Abstract]
Cash paid for amounts included in the measurement of lease liabilities	[1]	$ 38,763	$ 66,402
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities	[1]	$ 57,580	$ 64,149
[1]	Included in Net cash provided by operating activities on the Company's Consolidated Statements of Cash Flows.