Euronet Worldwide (EEFT) 10-Q 4 Nov 22 2022 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 04, 2022
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, 2022
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		49,593,877
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
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, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 967,100	$ 1,260,466
ATM cash	646,121	543,422
Restricted cash	8,396	3,693
Settlement assets	1,034,898	1,102,389
Trade accounts receivable, net of credit losses of $4,059 and $4,469	225,166	203,010
Prepaid expenses and other current assets	364,209	195,443
Total current assets	3,245,890	3,308,423
Operating right of use lease assets	137,993	161,494
Property and equipment, net of accumulated depreciation of $516,239 and $532,631	317,602	345,381
Goodwill	764,780	641,605
Acquired intangible assets, net of accumulated amortization of $180,280 and $185,054	180,257	97,793
Other assets, net of accumulated amortization of $65,542 and $62,349	181,305	189,580
Total assets	4,827,827	4,744,276
Current liabilities:
Settlement obligations	1,034,898	1,102,389
Trade accounts payable	169,835	193,529
Accrued expenses and other current liabilities	494,745	367,692
Current portion of operating lease liabilities	45,562	52,136
Debt	303,549	821
Income taxes payable	62,783	59,037
Deferred revenue	59,071	77,037
Total current liabilities	2,170,443	1,852,641
Debt obligations, net of current portion	1,428,471	1,420,085
Operating lease obligations, net of current portion	95,057	111,355
Deferred income taxes	37,810	46,505
Other long-term liabilities	68,803	58,166
Total liabilities	3,800,584	3,488,752
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 63,863,162 and 63,779,009	1,277	1,275
Additional paid-in-capital	1,234,090	1,274,118
Treasury stock, at cost, shares issued 14,270,009 and 12,631,125	(1,105,883)	(931,212)
Retained earnings	1,280,509	1,083,882
Accumulated other comprehensive loss	(382,224)	(172,582)
Total Euronet Worldwide, Inc. stockholders’ equity	1,027,769	1,255,481
Noncontrolling interests	(526)	43
Total equity	1,027,243	1,255,524
Total liabilities and equity	$ 4,827,827	$ 4,744,276

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 4,059	$ 4,469
Accumulated depreciation of property and equipment	516,239	532,631
Accumulated amortization of intangible assets	180,280	185,054
Accumulated amortization of other assets	$ 64,542	$ 62,349
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	63,863,162	63,779,009
Treasury stock, shares	14,270,009	12,631,125

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Revenues	$ 931,266	$ 816,560	$ 2,493,042	$ 2,183,916
Operating expenses:
Direct operating costs, exclusive of depreciation	526,048	484,438	1,484,863	1,389,770
Salaries and benefits	134,471	119,421	392,544	356,160
Selling, general and administrative	69,508	64,298	207,613	182,193
Depreciation and amortization	32,781	33,909	101,784	100,729
Total operating expenses	762,808	702,066	2,186,804	2,028,852
Operating income	168,458	114,494	306,238	155,064
Other income (expense):
Interest income	600	153	990	539
Interest expense	(11,716)	(10,072)	(26,712)	(28,718)
Foreign currency exchange gain (loss), net	(15,798)	(8,135)	(35,958)	(12,051)
Other gains, net	10		202	31
Other expense, net	(26,904)	(18,054)	(61,478)	(40,199)
Income before income taxes	141,554	96,440	244,760	114,865
Income tax expense	(44,002)	(22,726)	(81,884)	(41,140)
Net income	97,552	73,714	162,876	73,725
Net income attributable to noncontrolling interests	170	168	361	127
Net income attributable to Euronet Worldwide, Inc.	$ 97,722	$ 73,882	$ 163,237	$ 73,852
Earnings per share attributable to Euronet Worldwide, Inc. stockholders:
Basic	$ 1.97	$ 1.4	$ 3.24	$ 1.4
Diluted	$ 1.87	$ 1.37	$ 3.1	$ 1.37
Weighted average shares outstanding:
Basic	49,583,317	52,829,386	50,345,293	52,799,199
Diluted	52,751,304	53,853,675	53,688,800	53,933,226

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net income	$ 97,552	$ 73,714	$ 162,876	$ 73,725
Translation adjustment	(100,458)	(29,692)	(209,850)	(59,907)
Comprehensive income (loss)	(2,906)	44,022	(46,974)	13,818
Comprehensive income (loss) attributable to noncontrolling interests	262	196	569	200
Comprehensive income (loss) attributable to Euronet Worldwide, Inc.	$ (2,644)	$ 44,218	$ (46,405)	$ 14,018

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Treasury Stock	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrolling Interest
Balance at Dec. 31, 2020	$ 1,445,903	$ 1,267	$ 1,228,446	$ (703,032)	$ 1,013,155	$ (94,214)	$ 281
Balance, shares at Dec. 31, 2020		52,734,049
Net 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
Share-based compensation	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
Balance at Dec. 31, 2020	1,445,903	$ 1,267	1,228,446	(703,032)	1,013,155	(94,214)	281
Balance, shares at Dec. 31, 2020		52,734,049
Net income (loss)	73,725
Other comprehensive loss	(59,907)
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
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
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
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
Share-based compensation			10,984
Balance at Jun. 30, 2022	1,019,142	$ 1,277	1,223,294	(1,106,094)	1,182,787	(281,858)	(264)
Balance, shares at Jun. 30, 2022		49,579,755
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
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
Balance at Dec. 31, 2021	1,255,524	$ 1,275	1,274,118	(931,212)	1,083,882	(172,582)	43
Balance, shares at Dec. 31, 2021		51,147,884
Net income (loss)	8,290				8,297		(7)
Other comprehensive loss	(21,114)					(21,077)	(37)
Stock issued under employee stock plans	2,132	$ 1	1,989	142
Stock issued under employee stock plans, shares		40,173
Share-based compensation	9,803		9,803
Repurchase of shares	(70,351)			(70,351)
Repurchase of shares, shares		(639,535)
Adoption of ASU 2020-06			(74,080)
Adoption of ASU 2020-06 | ASU 2020-06 [Member]	40,690				33,390
Balance at Mar. 31, 2022	1,143,594	$ 1,276	1,211,830	(1,001,421)	1,125,569	(193,659)	(1)
Balance, shares at Mar. 31, 2022		50,548,522
Balance at Dec. 31, 2021	1,255,524	$ 1,275	1,274,118	(931,212)	1,083,882	(172,582)	43
Balance, shares at Dec. 31, 2021		51,147,884
Net income (loss)	162,876
Other comprehensive loss	(209,850)
Repurchase of shares	$ (104,600)
Repurchase of shares, shares	(1,000,000)
Balance at Sep. 30, 2022	$ 1,027,243	$ 1,277	1,234,090	(1,105,883)	1,280,509	(382,224)	(526)
Balance, shares at Sep. 30, 2022		49,593,153
Balance at Mar. 31, 2022	1,143,594	$ 1,276	1,211,830	(1,001,421)	1,125,569	(193,659)	(1)
Balance, shares at Mar. 31, 2022		50,548,522
Net income (loss)	57,034				57,218		(184)
Other comprehensive loss	(88,278)					(88,199)	(79)
Stock issued under employee stock plans	1,250	$ 1	1,322	(73)
Stock issued under employee stock plans, shares		31,233
Share-based compensation	10,142		10,142
Repurchase of shares				(104,600)
Balance at Jun. 30, 2022	1,019,142	$ 1,277	1,223,294	(1,106,094)	1,182,787	(281,858)	(264)
Balance, shares at Jun. 30, 2022		49,579,755
Net income (loss)	97,552				97,722		(170)
Other comprehensive loss	(100,458)					(100,366)	(92)
Stock issued under employee stock plans	671		460	211
Stock issued under employee stock plans, shares		13,398
Share-based compensation	10,336		10,336
Repurchase of shares
Repurchase of shares, shares
Balance at Sep. 30, 2022	$ 1,027,243	$ 1,277	$ 1,234,090	$ (1,105,883)	$ 1,280,509	$ (382,224)	$ (526)
Balance, shares at Sep. 30, 2022		49,593,153

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Cash Flows [Abstract]
Net income	$ 162,876	$ 73,725
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	101,784	100,729
Share-based compensation	30,281	26,281
Unrealized foreign exchange loss, net	35,958	12,051
Deferred income taxes	12,210	1,412
Accretion of convertible debt discount and amortization of debt issuance costs	2,351	15,099
Changes in working capital, net of amounts acquired:
Income taxes payable, net	9,153	17,464
Trade accounts receivable, including amounts in settlement assets	6,087	96,541
Prepaid expenses and other current assets, including amounts in settlement assets	(205,363)	119,698
Trade accounts payable, including amounts in settlement obligations	(107,139)	(209,069)
Deferred revenue	(10,988)	(2,782)
Accrued expenses and other current liabilities, including amounts in settlement obligations	400,955	47,254
Changes in noncurrent assets and liabilities	10,471	5,937
Net cash provided by operating activities	448,636	304,340
Cash flows from investing activities:
Acquisitions, net of cash acquired	(331,372)
Purchases of property and equipment	(79,351)	(66,058)
Purchases of other long-term assets	(5,844)	(6,171)
Other, net	528	1,277
Net cash used in investing activities	(416,039)	(70,952)
Cash flows from financing activities:
Proceeds from issuance of shares	4,421	6,443
Repurchase of shares	(175,296)	(979)
Borrowings from revolving credit agreements	5,924,100	3,539,100
Repayments of revolving credit agreements	(5,581,200)	(3,756,300)
Net borrowings (repayments) from short-term debt obligations	4,631	199
Other, net	(3,119)	(4,754)
Net cash provided by (used in) financing activities	173,537	(216,291)
Effect of exchange rate changes on cash and cash equivalents and restricted cash	(413,669)	(82,667)
Increase (decrease) in cash and cash equivalents and restricted cash	(207,535)	(65,570)
Cash and cash equivalents and restricted cash at beginning of period	2,086,102	2,099,508
Cash and cash equivalents and restricted cash at end of period	1,878,567	2,033,938
Supplemental disclosure of cash flow information:
Interest paid during the period	21,668	17,226
Income taxes paid during the period	$ 65,658	$ 28,752

General

General	9 Months Ended
	Sep. 30, 2022
GENERAL
GENERAL	( 1 Organization Euronet Worldwide, Inc. (the "Company", "Euronet", "we" and "us") 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 ATM, POS, card outsourcing, card issuing and merchant acquiring services, electronic distribution of prepaid mobile airtime and other electronic payment products, and international payment 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 our audited consolidated financial statements for the year ended December 31, 2021 , including the notes thereto, set forth in our 2021 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, 2022 . Seasonality Euronet’s EFT Processing Segment normally experiences its heaviest demand for DCC services during the third quarter of the fiscal year, normally coinciding with the tourism season. Epay Segment is 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. Also, epay sells large loyalty rewards campaigns to retailers, which could be deployed in any given quarter and will impact the activity in that quarter accordingly. 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, 2022
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS	( 2 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" 815 2049

Acquisitions

Acquisitions	9 Months Ended
	Sep. 30, 2022
ACQUISITIONS
ACQUISITIONS	( 3 On March 15, 2022 we completed the acquisition of the Merchant Acquiring Business of Piraeus Bank ("PBMA"). The acquisition includes 205,000 POS terminals at 170,000 merchants throughout Greece, as well as Piraeus Bank’s online merchant acquiring business and expands our omnichannel payments strategy where we use our proprietary technology to provide cash, card-based acquiring solutions, alternative payment acquiring, online acquiring, tokenized payment services and other payment products. Additionally, the acquisition includes a long-term commercial framework agreement between Piraeus Bank and Euronet which includes collaborative product distribution, processing and customer referrals. The purchase price was €313.8 million, or approximately $346.2 million, which includes $331 million cash paid at closing plus $15.2 million of estimated contingent consideration for a ten earnout contingent on performance targets outlined in the commercial framework agreement. The contingent consideration is related to a percentage of the net fee income received during the ten period of the commercial framework agreement and there is no contractual maximum amount of consideration under this agreement. The initial accounting for this acquisition is not complete as of September 30, 2022. The purchase price was preliminarily allocated to the assets acquired and liabilities assumed, including identifiable intangible assets, based on their respective provisional fair values at the date of acquisition. Additional time is needed to refine and review the results of the valuation of assets and liabilities. The acquisition has been accounted for as a business combination in accordance with U.S. GAAP and the results of operations have been included from the date of acquisition in the EFT Processing Segment. The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date. (in thousands) As of March 15, 2022 Other current assets $ 1,707 Settlement assets 78,718 Property and equipment 6,095 Acquired intangible assets 122,455 Total assets acquired $ 208,975 Trade accounts payable $ 1,499 Settlement liabilities 66,925 Accrued expenses and other current liabilities 5,929 Deferred revenue 500 Other long-term liabilities 99 Total liabilities assumed $ 74,952 Goodwill 212,183 Net assets acquired $ 346,206 Assets acquired, liabilities assumed, and consideration transferred were recorded at their estimated fair values on the acquisition date. The fair value measurements of intangible assets were based on significant inputs not observable in the market and represent Level 3 measurements within the fair value hierarchy. Level 3 inputs include discount rates that would be used by a market participant in valuing these assets, projections of revenues and cash flows, and customer attrition rates, among others. We acquired a customer relationship intangible asset with a preliminary fair value of $112.2 million that is being amortized on a straight-line basis over 15 years and a contract related intangible asset of $10.3 million that is being amortized on a straight-line basis over 10 years. Goodwill, with a preliminary value of $212.2 million, arising from the acquisition was included in the EFT Processing Segment. The factors that make up goodwill include synergies from combining PBMA operations and intangible assets that do not qualify for separate recognition. Goodwill and intangible assets associated with this acquisition are deductible for tax purposes. The results of PBMA operations are included in our consolidated results of operation, as part of our EFT Processing business segment, beginning on March 16, 2022. For the three and nine months ended September 30, 2022, PBMA had $32.6 million and $63.8 million in revenue. The PBMA business is impacted by higher transaction volumes during the tourism season in the second and third quarters.

Settlement Assets and Obligatio

Settlement Assets and Obligations	9 Months Ended
	Sep. 30, 2022
SETTLEMENT ASSETS AND OBLIGATIONS
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. We record 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. The settlement cash held at the Company is primarily generated from the monies remitted by consumers through Company agents and financial institutions in payment of the face value of the payment service or foreign currency purchased and the related fees charged to purchase the currency. We use our cash and cash equivalents to pay the face value of the payment service product upon presentation by the recipient. Cash received by Company agents and merchants generally becomes available to us 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 us. 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 us. 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, 2022 December 31, 2021 Settlement assets: Settlement cash and cash equivalents $ 210,802 $ 203,624 Settlement restricted cash 46,148 74,897 Accounts receivable, net of credit losses of $30,622 and $27,341 569,517 619,738 Prepaid expenses and other current assets 208,431 204,130 Total settlement assets $ 1,034,898 $ 1,102,389 Settlement obligations: Trade account payables $ 378,452 $ 461,135 Accrued expenses and other current liabilities 656,446 641,254 Total settlement obligations $ 1,034,898 $ 1,102,389 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 C ash Flows. As of (in thousands) September 30, 2022 December 31, 2021 September 30, 2021 December 31, 2020 Cash and cash equivalents $ 967,100 $ 1,260,466 $ 1,048,466 $ 1,420,255 Restricted cash 8,396 3,693 3,626 3,334 ATM cash 646,121 543,422 669,686 411,054 Settlement cash and cash equivalents 210,802 203,624 259,727 188,191 Settlement restricted cash 46,148 74,897 52,433 76,674 Cash and cash equivalents and restricted cash at end of period $ 1,878,567 $ 2,086,102 $ 2,033,938 $ 2,099,508

Stockholders' Equity

Stockholders' Equity	9 Months Ended
	Sep. 30, 2022
STOCKHOLDERS' EQUITY
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 our common stock, assumed vesting of restricted stock and the assumed conversion of our convertible debt, if such conversion would be dilutive. The following table provides the computation of diluted earnings and diluted weighted average number of common shares outstanding: Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Computation Net income (loss) $ 97,722 $ 73,882 $ 163,237 $ 73,852 Add: Interest expense from assumed conversion of convertible notes, net of tax 1,148 — 3,253 — Net income (loss) for diluted earnings per share calculation $ 98,870 $ 73,882 $ 166,490 $ 73,852 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 49,583,317 52,829,386 50,345,293 52,799,199 Incremental shares from assumed exercise of stock options and vesting of restricted stock 386,169 1,024,289 561,689 1,134,027 Incremental shares from assumed conversion of convertible debt 2,781,818 — 2,781,818 — Diluted 52,751,304 53,853,675 53,688,800 53,933,226 The table includes all stock options and restricted stock that are dilutive to our 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 our weighted average common shares outstanding of approximately 3,308,000 three and nine months ended September 30, 2022 751,000 , respectively. We issued Convertible Senior Notes ("Convertible Notes") due March 2049 on March 18, 2019. Our Convertible Notes currently have a settlement feature requiring us 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 our common stock or a combination thereof, at our option. We have stated our intent to settle any conversion of these notes by paying cash for the principal value and issuing common stock for any conversion premium; however, after adopting ASU 2020-06, 2.8 million incremental shares assumed for conversion of convertible notes shall be included in the dilutive earnings per share calculation, if dilutive, regardless of whether the market price trigger has been met. Therefore, our 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 of $188.73 See Note 9, Debt Obligations, to the consolidated financial statements for more information about the Convertible Notes. Share repurchases On February 26, 2020, we 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. On December 8, 2021, we put a repurchase program in place to repurchase up to $300 million in value, but not more than 5.0 million shares of common stock through December 8, 2023. U nder the repurchase programs w 0 million of stock, or the three and nine months ended September 30, 2022 , respectively . Re Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. We recorded foreign currency translation losses of $100.5 million and $209.9 million for the three and nine months ended , respectively, and losses of $29.7 million and $59.9 million for the three and nine months ended September 30, 2021 There were no reclassifications of foreign currency translation into the consolidated statements of income for the three and nine months ended September 30, 2022 and 2021 .

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets, Net	9 Months Ended
	Sep. 30, 2022
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET	( 6 A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2022 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2021 $ 97,793 $ 641,605 $ 739,398 Increases (decreases): Acquisition 122,455 212,183 334,638 Amortization (20,164 ) — (20,164 ) Foreign currency exchange rate changes (19,827 ) (89,008 ) (108,835 ) Balance as of September 30, 2022 $ 180,257 $ 764,780 $ 945,037 Of the total goodwill balance of $764.8 million as of , $351.3 million relates to the Money Transfer Segment, $298.6 million relates to the EFT Processing Segment and the remaining $114.9 million relates to the epay Segment . million for the remainder of 2022, $22.3 million for 2023, $16.6 million for 2024, $13.6 million for 2025, $13.3 million for 2026 and $12.1 million for 2027.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2022
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES	( 7 Accrued expenses and other current liabilities consist of the following: As of (in thousands) September 30, 2022 December 31, 2021 Accrued expenses $ 348,219 $ 285,098 Derivative liabilities 85,799 23,285 Accrued payroll expenses 57,827 55,162 Current portion of finance lease obligations 2,900 4,147 Total $ 494,745 $ 367,692

Deferred Revenues

Deferred Revenues	9 Months Ended
	Sep. 30, 2022
DEFERRED REVENUES
DEFERRED REVENUES	(8) DEFERRED We record deferred revenues when cash payments are received or due in advance of our performance. The decrease in the deferred revenue balance for the nine months ended September 30, 2022 is the result of $26.0 million of cash payments received in the current year for which we have not yet satisfied the performance obligations, offset by $43.9 million of revenues recognized that were included in the deferred revenue balance as of December 31, 2021.

Debt Obligations

Debt Obligations	9 Months Ended
	Sep. 30, 2022
DEBT OBLIGATIONS
DEBT OBLIGATIONS	(9) DEBT OBLIGATIONS Debt obligations consist of the following: As of (in thousands) September 30, 2022 December 31, 2021 Credit Facility: Revolving credit agreement $ 326,300 $ 283,400 Uncommitted credit agreement 300,000 — Convertible Debt: 0.75% convertible notes, unsecured, due 2049 525,000 468,235 1.375% Senior Notes, due 2026 588,360 682,080 Other obligations 3,616 920 Total debt obligations 1,743,276 1,434,635 Unamortized debt issuance costs (11,256 ) (13,729 ) Carrying value of debt 1,732,020 1,420,906 Short-term debt obligations and current maturities of long-term debt obligations (303,549 ) (821 ) Long-term debt obligations $ 1,428,471 $ 1,420,085 Credit Facility On October 24, 2022, the Company amended its revolving credit agreement (the “Credit Facility”) to increase the facility from $1.0 billion to $1.25 billion and to extend the expiration to October 24, 2027. The revolving credit facility contains a sublimit of up to $250 million , with $150 million committed, for the issuance of letters of credit and a $75 million for U.S. dollar loans and a $75 million sublimit for loans in euros or British pounds sterling. The Credit Facility allows for borrowings in British pounds sterling, euro and U.S. dollars. Subject to certain conditions, the Company has the option to increase the credit facility by up to an additional $500 million by requesting additional commitments from existing or new lenders. Fees and interest on borrowings vary based upon the Company's corporate credit rating and will be based, in the case of letter of credit fees, on a margin, and in the case of interest, on a margin over a secured overnight financing rate, as defined in the agreement, with a margin, including the facility fee, ranging from 1.00% to 1.625% or the base rate, as selected by the Company. The applicable margin for borrowings under the credit facility, based on the Company's current credit rating is initially 1.25% including the facility fee. The Agreement contains customary affirmative and negative covenants, events of default and financial covenants, including (all as defined in the Credit Facility): (i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt. The Company was in compliance with all debt covenants as of September 30, 2022. Uncommitted On May 25, 2022, the Company entered into an Uncommitted Credit Agreement for $300 million, fully drawn and outstanding at September 30, 2022, for the sole purpose of providing vault cash for ATMs, that expires no later than November 30, 2022. Each loan bears interest at the rate per annum equal to the secured overnight financing rate (“SOFR”) plus 1.00%. The weighted-average interest rate from the loan inception date to September 30, 2022 was 2.70 %. On June 24, 2022, the Company entered into an Uncommitted Loan Agreement for $ million, June 23, 2023. at September 30, 2022 . Each loan was either a Prime rate loan, a Bloomberg Short-term Bank Yield ("BSBY") rate loan or bears interest at the rate agreed to by the bank and the Company at the time such loan is made. The weighted-average interest rate from the loan inception date to September 30, 2022 was 2.76 %. 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. Prior to the adoption of ASU 2020-06 as of January 1, 2022, in accordance with ASC 470-20-30-27, proceeds from the issuance of convertible debt was allocated between debt and equity components so that debt was discounted to reflect our nonconvertible debt borrowing rate. ASC 470-20-35-13 required the debt discount to be amortized over the period the convertible debt was 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 $4.0 million and $9.0 million for the three September 30, 2022 , respectively. Accretion expense for the Convertible Notes was $4.0 million and $11.9 million for the three and nine months ended September 30, 2021. See Footnote 2, Recently Issued and Adopted Accounting Pronouncements, 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 are due 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, 2022 , the Company has €600 million ( $588.4 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, 2022 and December 31, 2021 , borrowings under these arrangements were $3.6 million and $0.9 million , respectively. Debt Issuance Costs As of September 30, 2022, we had unamortized debt issuance costs of $1.5 million for the Credit Facility, $5.3 million for the Convertible Notes and $4.4 million for the Senior Notes that will be amortized through October 2023, March 2025 and May 2026, respectively.

Derivative Instruments and Hedg

Derivative Instruments and Hedging Activities	9 Months Ended
	Sep. 30, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES	(10) DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES The Company is exposed to foreign currency exchange risk resulting from (i) the collection of funds or the settlement of money transfer transactions in currencies other than the U.S. Dollar, (ii) derivative contracts written to its customers in connection with providing cross-currency money transfer services and (iii) certain foreign currency denominated other asset and liability positions. The Company enters into foreign currency derivative contracts, primarily foreign currency forwards and cross-currency swaps, to minimize its exposure related to fluctuations in foreign currency exchange rates. As a matter of Company policy, the derivative instruments used in these activities are economic hedges and are not designated as hedges under ASC 815 , primarily due to either the relatively short duration of the contract term or the effects of fluctuations in currency exchange rates are reflected concurrently in earnings for both the derivative instrument and the transaction and have an offsetting effect. Foreign currency exchange contracts - Ria Operations and Corporate In the United States, the Company uses short-duration foreign currency forward contracts, generally with maturities up to , to offset the fluctuation in foreign currency exchange rates on the collection of money transfer funds between initiation of a transaction and its settlement. Due to the short duration of these contracts and the Company’s credit profile, the Company is generally not required to post collateral with respect to these foreign currency forward contracts. Most derivative contracts executed with counterparties in the U.S. are governed by an International Swaps and Derivatives Association agreement that includes standard netting arrangements; therefore, asset and liability positions from forward contracts and all other foreign exchange transactions with the same counterparty are net settled upon maturity. T he Company had foreign currency forward contracts outstanding in the U.S. with a notional value of $415.8 million and $ 222.1 million . The foreign currency forward contracts consist primarily in Australian dollars, Canadian dollars, British pounds sterling, euro and Mexican pesos. In addition, the Company uses forward contracts, typically with maturities from a few days to less than one year, to offset foreign exchange rate fluctuations on certain short-term borrowings that are payable in currencies other than the U.S dollar. T he Company had foreign currency forward contracts outstanding with a notional value of $7.4 million and $216.1 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 $22.3 million and $66.5 million for the three and nine months ended September 30, 2022 , respectively, compared to $20.1 million and $58.5 million for the same periods in 2021, respectively. All of the derivative contracts used in the Company's xe operations are economic hedges and are not designated as hedges under ASC 815 . The duration of these derivative contracts is generally less than one year. The fair value of xe's total portfolio of positions can change significantly from period to period based on, among other factors, market movements and changes in customer contract positions. xe manages counterparty credit risk (the risk that counterparties will default and not make payments according to the terms of the agreements) on an individual counterparty basis. It mitigates this risk by entering into contracts with collateral posting requirements and/or by performing financial assessments prior to contract execution, conducting periodic evaluations of counterparty performance and maintaining a diverse portfolio of qualified counterparties. xe does not expect any significant losses from counterparty defaults. The aggregate equivalent U.S. dollar notional amount of foreign currency derivative customer contracts held by the Company in its xe operations was approximately $1.0 billion as of September 30, 2022 and December 31, 2021 . 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, 2022 December 31, 2021 Balance Sheet Location September 30, 2022 December 31, 2021 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 92,079 $ 27,582 Other current liabilities $ (85,799 ) $ (23,285 ) The following tables summarize the gross and net fair value of derivative assets and liabilities as of September 30, 2022 and December 31, 2021 (in thousands): Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 2022 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 $ 92,079 $ — $ 92,079 $ (57,129 ) $ (6,938 ) $ 28,012 As of December 31, 2021 Derivatives subject to a master netting arrangement or similar agreement $ 27,582 $ — $ 27,582 $ (14,875 ) $ (2,284 ) $ 10,423 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 2022 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 $ (85,799) $ — $ (85,799 ) $ 57,129 $ 4,495 $ (24,175 ) As of December 31, 2021 Derivatives subject to a master netting arrangement or similar agreement $ (23,285 ) $ — $ (23,285 ) $ 14,875 $ 640 $ (7,770 ) Income Statement Presentation The following table summarizes the location and amount of losses on derivatives in the Consolidated Statements of Income for the three and nine months ended September 30, 2022 and 2021 : 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) 2022 2021 2022 2021 Foreign currency exchange contracts - Ria Operations Foreign currency exchange gain (loss), net $ (7,402) $ 3,915 $ (689) $ 1,447 (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, 2022
FAIR VALUE MEASUREMENTS
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, 2022 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 92,079 $ — $ 92,079 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (85,799 ) $ — $ (85,799 ) As of December 31, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 27,582 $ — $ 27,582 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (23,285 ) $ — $ (23,285 ) Other Fair Value Disclosures 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 as of September 30, 2022 was based on LIBOR that reset 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, 2022 , the fair values of the Convertible Notes and Senior Notes were $503.9 million and $503.7 million , respectively, with carrying values of $525.0 million and $588.4 million , respectively.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2022
SEGMENT INFORMATION
SEGMENT INFORMATION	(12) SEGMENT INFORMATION Our reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting ("ASC 280") . We currently operate in the following three reportable operating segments: 1) Through the EFT Processing Segment, we process transactions for a network of and POS terminals across Europe, the Middle East, Africa, Asia Pacific and the United States. We provide comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit, debit and prepaid card outsourcing, dynamic currency conversion, domestic and international surcharges and other value added services. Through this segment, we also offer a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems. 2) T hrough the Segment, we provide distribution, processing and collection services for electronic payment products, and prepaid mobile airtime 3) Through the Money Transfer Segment, we provide 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. We also offer 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, we account for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in our administrative division, "Corporate Services, Eliminations and Other." These services are not directly identifiable with our reportable operating segments. The following tables present our reportable segment results for the three and nine months ended September 30, 2022 and 2021 : For the Three Months Ended (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 319,466 $ 248,923 $ 364,841 $ (1,964 ) $ 931,266 Operating expenses: Direct operating costs, exclusive of depreciation 137,812 190,091 200,171 (2,026 ) 526,048 Salaries and benefits 30,020 19,756 69,703 14,992 134,471 Selling, general and administrative 12,167 8,506 46,256 2,579 69,508 Depreciation and amortization 23,071 1,436 8,169 105 32,781 Total operating expenses 203,070 219,789 324,299 15,650 762,808 Operating income (loss) $ 116,396 $ 29,134 $ 40,542 $ (17,614 ) $ 168,458 For the Three Months Ended (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, exclusive of depreciation 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 $ 63,202 $ 25,954 $ 37,505 $ (12,167 ) $ 114,494 For the Nine Months Ended September 30, 2022 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 714,067 $ 712,467 $ 1,072,266 $ (5,758 ) $ 2,493,042 Operating expenses: Direct operating costs, exclusive of depreciation 354,907 542,066 593,631 (5,741 ) 1,484,863 Salaries and benefits 82,957 59,705 204,905 44,977 392,544 Selling, general and administrative 40,285 26,223 133,654 7,451 207,613 Depreciation and amortization 71,159 4,748 25,557 320 101,784 Total operating expenses 549,308 632,742 957,747 47,007 2,186,804 Operating income $ 164,759 $ 79,725 $ 114,519 $ (52,765 ) $ 306,238 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 income (loss) $ ( 2,230 $ 82,346 $ 116,990 $ ( 42,042 ) $ 155,064 The following table presents our total assets by reportable segment: Total Assets as of (in thousands) September 30, 2022 December 31, 2021 EFT Processing $ 2,101,595 $ 1,682,680 epay 760,088 1,234,074 Money Transfer 1,660,050 1,621,726 Corporate Services, Eliminations and Other 306,094 205,796 Total $ 4,827,827 $ 4,744,276 The following table presents our revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. We believe 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, 2022 For the Nine Months Ended September 30, 2022 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 267,017 $ 166,965 $ 144,008 $ 577,990 $ 563,491 $ 457,651 $ 432,678 $ 1,453,820 North America 17,241 32,934 180,796 230,971 51,044 98,538 519,185 668,767 Asia Pacific 34,070 36,853 26,960 97,883 96,821 118,636 80,669 296,126 Other 1,138 12,171 13,077 26,386 2,711 37,642 39,734 80,087 Eliminations — — — (1,964 ) — — — (5,758 ) Total $ 319,466 $ 248,923 $ 364,841 $ 931,266 $ 714,067 $ 712,467 $ 1,072,266 $ 2,493,042 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

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2022
INCOME TAXES
INCOME TAXES	( 13 The Company's effective income tax rate was 31.1 % and 33.5 % for the three and nine months ended September 30, 2022 , respectively, compared to 23.6% and 35.8% for t he three and nine months ended . The Company's effective income tax rate for the months ended September 30, 2022 was higher than the applicable statutory income tax rate of 21 % a s a result of certain foreign earnings being subject to higher local statutory tax rates and the Company's U.S. deferred tax activity on foreign exchange positions.

Commitments

Commitments	9 Months Ended
	Sep. 30, 2022
COMMITMENTS
COMMITMENTS	(14) COMMITMENTS As of September 30, 2022 , we had $78.6 million of stand-by letters of credit/bank guarantees issued on our behalf, of which $50.9 million are outstanding under the Credit Facility. The remaining stand-by letters of credit/bank guarantees are collateralized by $3.0 million of cash deposits held by the respective issuing banks. Under certain circumstances, we grant guarantees in support of obligations of subsidiaries. As of September 30, 2022 , we had granted off balance sheet guarantees for cash in various ATM networks amounting to $9.9 million over the terms of the cash supply agreements and performance guarantees amounting to approximately $41.6 million over the terms of agreements with our customers. From time to time, we enter 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. Our 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, we are responsible for damage to ATMs and theft of ATM network cash. As of September 30, 2022 , the balance of such cash used in our ATM networks for which we were responsible was approximately $367.0 million . We maintain insurance policies to mitigate this exposure; In connection with contracts with financial institutions in the EFT Processing Segment, we are responsible for losses suffered by our customers and other parties as a result of the breach of our computer systems, including in particular, losses arising from fraudulent transactions made using information stolen through our processing systems. We maintain insurance policies to mitigate this exposure; In connection with the license of proprietary systems to customers, we provide 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; We have entered into purchase and service agreements with vendors and consulting agreements with providers of consulting services, pursuant to which we have agreed to indemnify certain of such vendors and consultants, respectively, against third-party claims arising from our use of the vendor’s product or the services of the vendor or consultant; In connection with acquisitions and dispositions of subsidiaries, operating units and business assets, we have 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 us, we have agreed to indemnify the seller against third party claims made against the seller relating to the operating unit or asset and arising after the closing of the transaction, and (ii) in connection with dispositions made by us, we have agreed to indemnify the buyer against damages incurred by the buyer due to the buyer’s reliance on representations and warranties relating to the subject subsidiary, operating unit or business assets in the disposition agreement if such representations or warranties were untrue when made; and We have entered into agreements with certain third parties, including banks that provide fiduciary and other services to us or our benefit plans. Under such agreements, we have agreed to indemnify such service providers for third-party claims relating to carrying out their respective duties under such agreements. We are also required to meet minimum capitalization and cash requirements of various regulatory authorities in the jurisdictions in which we have operations. We have obtained surety bonds in compliance with money transfer licensing requirements of the applicable governmental authorities. To date, we are not aware of any significant claims made by the indemnified parties or third parties to guarantee agreements with us and, accordingly, no liabilities were recorded as of September 30, 2022 or December 31, 2021 .

Litigation and Contingencies

Litigation and Contingencies	9 Months Ended
	Sep. 30, 2022
LITIGATION AND CONTINGENCIES
LITIGATION AND CONTINGENCIES	( 15 From time to time, we are a party to legal or regulatory proceedings arising in the ordinary course of our 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 our consolidated financial condition or results of operations. In accordance with U.S. GAAP, we record 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, 2022
LEASES
LEASES	(16) LEASES We enter into operating leases for ATM sites, office spaces, retail stores and equipment. Our 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. We recognize 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 our sole discretion. The depreciable life of assets and leasehold improvements are limited by the expected lease terms. We also have a unilateral termination right for most of the ATM site leases. Since we are 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 our 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, 2022 are: As of September 30, 2022 Maturity of Lease Liabilities (in thousands) Operating Leases (1) Remainder of 2022 $ 11,323 2023 39,786 2024 30,591 2025 22,111 2026 15,611 Thereafter 24,865 Total lease payments $ 144,287 Less: imputed interest (3,668 ) Present value of lease liabilities $ 140,619 (1) Operating lease payments reflect our current fixed obligations under the operating lease agreements. Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended September 30, 2022 Three Months Ended September Nine Months Ended September Nine Months Ended September Operating lease expense Selling, general and administrative and Direct operating costs $ 12,222 $ 13,880 $ 38,766 $ 41,884 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 40,304 34,808 107,333 84,279 Total lease expense $ 52,526 $ 48,688 $ 146,099 $ 126,163 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, 2022 Weighted- average remaining lease term (years) 4.8 W eighted- average discount rate 2.3 % The following table presents supplemental cash flow and non-cash information related to leases. Other Information (in thousands) Nine Months Ended September 30, 2022 Nine months ended September 30, 2021 Cash paid for amounts included in the measurement of lease liabilities (a) $ 37,908 $ 38,763 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 26,487 $ 57,580 Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows.

Recently Issued And Adopted A_2

Recently Issued And Adopted Accounting Pronouncements (Policies)	9 Months Ended
	Sep. 30, 2022
RECENTLY ISSUED AND ADOPTED ACCOUNTING PRONOUNCEMENTS
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" 815 2049

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 30, 2022
ACQUISITIONS
Summary of the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date	The following table summarizes the preliminary fair values of the assets acquired and liabilities assumed as of the acquisition date. (in thousands) As of March 15, 2022 Other current assets $ 1,707 Settlement assets 78,718 Property and equipment 6,095 Acquired intangible assets 122,455 Total assets acquired $ 208,975 Trade accounts payable $ 1,499 Settlement liabilities 66,925 Accrued expenses and other current liabilities 5,929 Deferred revenue 500 Other long-term liabilities 99 Total liabilities assumed $ 74,952 Goodwill 212,183 Net assets acquired $ 346,206

Settlement Assets and Obligat_2

Settlement Assets and Obligations (Tables)	9 Months Ended
	Sep. 30, 2022
SETTLEMENT ASSETS AND OBLIGATIONS
Schedule of settlement assets and liabilities	As of (in thousands) September 30, 2022 December 31, 2021 Settlement assets: Settlement cash and cash equivalents $ 210,802 $ 203,624 Settlement restricted cash 46,148 74,897 Accounts receivable, net of credit losses of $30,622 and $27,341 569,517 619,738 Prepaid expenses and other current assets 208,431 204,130 Total settlement assets $ 1,034,898 $ 1,102,389 Settlement obligations: Trade account payables $ 378,452 $ 461,135 Accrued expenses and other current liabilities 656,446 641,254 Total settlement obligations $ 1,034,898 $ 1,102,389
Schedule of cash and cash equivalents and restricted cash	As of (in thousands) September 30, 2022 December 31, 2021 September 30, 2021 December 31, 2020 Cash and cash equivalents $ 967,100 $ 1,260,466 $ 1,048,466 $ 1,420,255 Restricted cash 8,396 3,693 3,626 3,334 ATM cash 646,121 543,422 669,686 411,054 Settlement cash and cash equivalents 210,802 203,624 259,727 188,191 Settlement restricted cash 46,148 74,897 52,433 76,674 Cash and cash equivalents and restricted cash at end of period $ 1,878,567 $ 2,086,102 $ 2,033,938 $ 2,099,508

Stocholders' Equity (Tables)

Stocholders' Equity (Tables)	9 Months Ended
	Sep. 30, 2022
STOCKHOLDERS' EQUITY
Schedule of computation of diluted weighted average number of common shares outstanding	Three Months Ended September 30, Nine Months Ended September 30, 2022 2021 2022 2021 Computation Net income (loss) $ 97,722 $ 73,882 $ 163,237 $ 73,852 Add: Interest expense from assumed conversion of convertible notes, net of tax 1,148 — 3,253 — Net income (loss) for diluted earnings per share calculation $ 98,870 $ 73,882 $ 166,490 $ 73,852 Computation of diluted weighted average shares outstanding: Basic weighted average shares outstanding 49,583,317 52,829,386 50,345,293 52,799,199 Incremental shares from assumed exercise of stock options and vesting of restricted stock 386,169 1,024,289 561,689 1,134,027 Incremental shares from assumed conversion of convertible debt 2,781,818 — 2,781,818 — Diluted 52,751,304 53,853,675 53,688,800 53,933,226

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets, Net (Tables)	9 Months Ended
	Sep. 30, 2022
GOODWILL AND ACQUIRED INTANGIBLE ASSETS, NET
Schedule of acquired intangible assets and goodwill activity	A summary of acquired intangible assets and goodwill activity for the nine months ended September 30, 2022 is presented below: (in thousands) Acquired Intangible Assets Goodwill Total Intangible Assets Balance as of December 31, 2021 $ 97,793 $ 641,605 $ 739,398 Increases (decreases): Acquisition 122,455 212,183 334,638 Amortization (20,164 ) — (20,164 ) Foreign currency exchange rate changes (19,827 ) (89,008 ) (108,835 ) Balance as of September 30, 2022 $ 180,257 $ 764,780 $ 945,037

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2022
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Schedule of accrued expenses and other current liabilities	Accrued expenses and other current liabilities consist of the following: As of (in thousands) September 30, 2022 December 31, 2021 Accrued expenses $ 348,219 $ 285,098 Derivative liabilities 85,799 23,285 Accrued payroll expenses 57,827 55,162 Current portion of finance lease obligations 2,900 4,147 Total $ 494,745 $ 367,692

Debt Obligations (Tables)

Debt Obligations (Tables)	9 Months Ended
	Sep. 30, 2022
DEBT OBLIGATIONS
Schedule of debt obligations	As of (in thousands) September 30, 2022 December 31, 2021 Credit Facility: Revolving credit agreement $ 326,300 $ 283,400 Uncommitted credit agreement 300,000 — Convertible Debt: 0.75% convertible notes, unsecured, due 2049 525,000 468,235 1.375% Senior Notes, due 2026 588,360 682,080 Other obligations 3,616 920 Total debt obligations 1,743,276 1,434,635 Unamortized debt issuance costs (11,256 ) (13,729 ) Carrying value of debt 1,732,020 1,420,906 Short-term debt obligations and current maturities of long-term debt obligations (303,549 ) (821 ) Long-term debt obligations $ 1,428,471 $ 1,420,085

Derivative Instruments and He_2

Derivative Instruments and Hedging Activities (Tables)	9 Months Ended
	Sep. 30, 2022
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
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, 2022 December 31, 2021 Balance Sheet Location September 30, 2022 December 31, 2021 Derivatives not designated as hedging instruments Foreign currency exchange contracts Other current assets $ 92,079 $ 27,582 Other current liabilities $ (85,799 ) $ (23,285 )
Schedule of offsetting assets and liabilities	Offsetting of Derivative Assets Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 2022 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 $ 92,079 $ — $ 92,079 $ (57,129 ) $ (6,938 ) $ 28,012 As of December 31, 2021 Derivatives subject to a master netting arrangement or similar agreement $ 27,582 $ — $ 27,582 $ (14,875 ) $ (2,284 ) $ 10,423 Offsetting of Derivative Liabilities Gross Amounts Not Offset in the Consolidated Balance Sheet As of September 30, 2022 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 $ (85,799) $ — $ (85,799 ) $ 57,129 $ 4,495 $ (24,175 ) As of December 31, 2021 Derivatives subject to a master netting arrangement or similar agreement $ (23,285 ) $ — $ (23,285 ) $ 14,875 $ 640 $ (7,770 )
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) 2022 2021 2022 2021 Foreign currency exchange contracts - Ria Operations Foreign currency exchange gain (loss), net $ (7,402) $ 3,915 $ (689) $ 1,447 (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, 2022
FAIR VALUE MEASUREMENTS
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, 2022 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 92,079 $ — $ 92,079 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (85,799 ) $ — $ (85,799 ) As of December 31, 2021 (in thousands) Balance Sheet Classification Level 1 Level 2 Level 3 Total Assets Foreign currency exchange contracts Other current assets $ — $ 27,582 $ — $ 27,582 Liabilities Foreign currency exchange contracts Other current liabilities $ — $ (23,285 ) $ — $ (23,285 )

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2022
SEGMENT INFORMATION
Schedule of reportable segment results	The following tables present our reportable segment results for the three and nine months ended September 30, 2022 and 2021 : For the Three Months Ended (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 319,466 $ 248,923 $ 364,841 $ (1,964 ) $ 931,266 Operating expenses: Direct operating costs, exclusive of depreciation 137,812 190,091 200,171 (2,026 ) 526,048 Salaries and benefits 30,020 19,756 69,703 14,992 134,471 Selling, general and administrative 12,167 8,506 46,256 2,579 69,508 Depreciation and amortization 23,071 1,436 8,169 105 32,781 Total operating expenses 203,070 219,789 324,299 15,650 762,808 Operating income (loss) $ 116,396 $ 29,134 $ 40,542 $ (17,614 ) $ 168,458 For the Three Months Ended (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, exclusive of depreciation 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 $ 63,202 $ 25,954 $ 37,505 $ (12,167 ) $ 114,494 For the Nine Months Ended September 30, 2022 (in thousands) EFT Processing epay Money Transfer Corporate Services, Eliminations and Other Consolidated Total revenues $ 714,067 $ 712,467 $ 1,072,266 $ (5,758 ) $ 2,493,042 Operating expenses: Direct operating costs, exclusive of depreciation 354,907 542,066 593,631 (5,741 ) 1,484,863 Salaries and benefits 82,957 59,705 204,905 44,977 392,544 Selling, general and administrative 40,285 26,223 133,654 7,451 207,613 Depreciation and amortization 71,159 4,748 25,557 320 101,784 Total operating expenses 549,308 632,742 957,747 47,007 2,186,804 Operating income $ 164,759 $ 79,725 $ 114,519 $ (52,765 ) $ 306,238 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 income (loss) $ ( 2,230 $ 82,346 $ 116,990 $ ( 42,042 ) $ 155,064 The following table presents our total assets by reportable segment: Total Assets as of (in thousands) September 30, 2022 December 31, 2021 EFT Processing $ 2,101,595 $ 1,682,680 epay 760,088 1,234,074 Money Transfer 1,660,050 1,621,726 Corporate Services, Eliminations and Other 306,094 205,796 Total $ 4,827,827 $ 4,744,276
Schedule of Company's revenues disaggregated by segment and region	For the Three Months Ended September 30, 2022 For the Nine Months Ended September 30, 2022 (in thousands) EFT Processing epay Money Transfer Total EFT Processing epay Money Transfer Total Europe $ 267,017 $ 166,965 $ 144,008 $ 577,990 $ 563,491 $ 457,651 $ 432,678 $ 1,453,820 North America 17,241 32,934 180,796 230,971 51,044 98,538 519,185 668,767 Asia Pacific 34,070 36,853 26,960 97,883 96,821 118,636 80,669 296,126 Other 1,138 12,171 13,077 26,386 2,711 37,642 39,734 80,087 Eliminations — — — (1,964 ) — — — (5,758 ) Total $ 319,466 $ 248,923 $ 364,841 $ 931,266 $ 714,067 $ 712,467 $ 1,072,266 $ 2,493,042 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

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2022
LEASES
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, 2022 are: As of September 30, 2022 Maturity of Lease Liabilities (in thousands) Operating Leases (1) Remainder of 2022 $ 11,323 2023 39,786 2024 30,591 2025 22,111 2026 15,611 Thereafter 24,865 Total lease payments $ 144,287 Less: imputed interest (3,668 ) Present value of lease liabilities $ 140,619 (1) Operating lease payments reflect our current fixed obligations under the operating lease agreements.
Schedule of lease expense recognized in the Consolidated Statements of Income	Lease expense recognized in the Consolidated Statements of Income is summarized as follows: Lease Expense (in thousands) Income Statement Classification Three Months Ended September 30, 2022 Three Months Ended September Nine Months Ended September Nine Months Ended September Operating lease expense Selling, general and administrative and Direct operating costs $ 12,222 $ 13,880 $ 38,766 $ 41,884 Short-term and variable lease expense Selling, general and administrative and Direct operating costs 40,304 34,808 107,333 84,279 Total lease expense $ 52,526 $ 48,688 $ 146,099 $ 126,163
Schedule of Lease Term and Discount Rate of Operating Leases	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, 2022 Weighted- average remaining lease term (years) 4.8 W eighted- average discount rate 2.3 %
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, 2022 Nine months ended September 30, 2021 Cash paid for amounts included in the measurement of lease liabilities (a) $ 37,908 $ 38,763 Supplemental non-cash information on lease liabilities arising from obtaining ROU assets: ROU assets obtained in exchange for new operating lease liabilities $ 26,487 $ 57,580 Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows.

Recently Issued And Adopted A_3

Recently Issued And Adopted Accounting Pronouncements (Details Textual) - USD ($) $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended
	Aug. 31, 2020	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Incremental shares from assumed conversion of convertible debt		2,781,818		2,781,818
ASU 2020-06 [Member]
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Debt Discounts, before Tax Amount	$ 56.8
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	15
ASU 2020-06 [Member] | Additional Paid-in Capital
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	99.7
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	25.6
ASU 2020-06 [Member] | Retained Earnings
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, before Tax Amount	42.9
Accounting for convertible instruments, Debt Modification, Increase (Decrease) in Equity, Tax Amount	$ 10.6
ASU 2020-06 [Member] | Treasury Stock
Recently Issued And Adopted Accounting Pronouncements [Line Items]
Incremental shares from assumed conversion of convertible debt	2,800,000

Aquisitions (Details)

Aquisitions (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Mar. 15, 2022	Dec. 31, 2021
Acquisitions
Goodwill	$ 764,780		$ 641,605
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Other current assets		$ 1,707
Settlement assets		78,718
Property and equipment		6,095
Acquired intangible assets		122,455
Total assets acquired		208,975
Trade accounts payable		1,499
Settlement liabilities		66,925
Accrued expenses and other current liabilities		5,929
Deferred revenue		500
Other long-term liabilities		99
Total liabilities assumed		74,952
Goodwill	$ 212,200	212,183
Net assets acquired		$ 346,206

Acquisitions (Details Textuals)

Acquisitions (Details Textuals) $ in Thousands, € in Millions			3 Months Ended		9 Months Ended
	Mar. 15, 2022 EUR (€)	Mar. 15, 2022 USD ($) terminal merchant	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Acquisitions
Goodwill			$ 764,780		$ 764,780		$ 641,605
Revenues			931,266	$ 816,560	2,493,042	$ 2,183,916
Operating (loss) income			168,458	$ 114,494	$ 306,238	$ 155,064
Piraeus Bank Merchant Acquiring [Member]
Acquisitions
Number of point of sale terminals acquisition | terminal		205,000
Number of merchants at point of sale terminals acquisition | merchant		170,000
Business acquisition, purchase price	€ 313.8	$ 346,200
Payments to Acquire Businesses, cash paid		331,000
Contingent consideration		$ 15,200
Period of earnout contingent on performance targets	10 years	10 years
Contractual maximum amount of consideration					no contractual maximum amount of consideration under this agreement.
Acquired intangible assets		$ 122,455
Goodwill		212,183	212,200		$ 212,200
Revenues			$ 32,600		$ 63,800
Piraeus Bank Merchant Acquiring [Member] | Customer Relationships [Member]
Acquisitions
Acquired intangible assets		$ 112,200
Amortization method					straight-line
Intangible asset, useful life	15 years	15 years
Piraeus Bank Merchant Acquiring [Member] | Contract related intangible asset [Member]
Acquisitions
Acquired intangible assets		$ 10,300
Amortization method					straight-line
Intangible asset, useful life	10 years	10 years

Settlement Assets and Obligat_3

Settlement Assets and Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
SETTLEMENT ASSETS AND OBLIGATIONS
Settlement cash and cash equivalents	$ 210,802	$ 203,624	$ 259,727	$ 188,191
Settlement restricted cash	46,148	74,897	$ 52,433	$ 76,674
Accounts receivable	569,517	619,738
Prepaid expenses and other current assets	208,431	204,130
Total settlement assets	1,034,898	1,102,389
Settlement obligations:
Trade account payables	378,452	461,135
Accrued expenses and other current liabilities	656,446	641,254
Total settlement obligations	$ 1,034,898	$ 1,102,389

Settlement Assets and Obligat_4

Settlement Assets and Obligations (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020
SETTLEMENT ASSETS AND OBLIGATIONS
Cash and cash equivalents	$ 967,100	$ 1,260,466	$ 1,048,466	$ 1,420,255
Restricted cash	8,396	3,693	3,626	3,334
ATM cash	646,121	543,422	669,686	411,054
Settlement cash and cash equivalents	210,802	203,624	259,727	188,191
Settlement restricted cash	46,148	74,897	52,433	76,674
Cash and cash equivalents and restricted cash at end of period	$ 1,878,567	$ 2,086,102	$ 2,033,938	$ 2,099,508

Settlement Assets and Obligat_5

Settlement Assets and Obligations (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
SETTLEMENT ASSETS AND OBLIGATIONS
Allowance for doubtful other receivables, current	$ 30,622	$ 27,341

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Computation of diluted earnings:
Net income (loss)	$ 97,722	$ 73,882	$ 163,237	$ 73,852
Add: Interest expense from assumed conversion of convertible notes, net of tax	1,148		3,253
Net income (loss) for diluted earnings per share calculation	$ 98,870	$ 73,882	$ 166,490	$ 73,852
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	49,583,317	52,829,386	50,345,293	52,799,199
Incremental shares from assumed exercise of stock options and vesting of restricted stock	386,169	1,024,289	561,689	1,134,027
Incremental shares from assumed conversion of convertible debt	2,781,818		2,781,818
Diluted weighted average shares outstanding	52,751,304	53,853,675	53,688,800	53,933,226

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 08, 2021	Feb. 26, 2020	Mar. 18, 2019
Equity, Class of Treasury Stock [Line Items]
Weighted average common shares outstanding	3,308,000	770,000	2,849,000	751,000
Incremental shares from assumed conversion of convertible debt	2,781,818		2,781,818
Conversion price	$ 188.73		$ 188.73				$ 188.73
Foreign currency translation gain	$ 100,500,000	$ 29,700	$ 209,900,000	$ 59,900
Share Repurchase Plan [Member]
Equity, Class of Treasury Stock [Line Items]
Stock repurchase program, authorized amount					$ 300,000,000	$ 250,000,000
Stock repurchase program, number of shares authorized					5,000,000	5,000,000
Stock repurchased			$ 175,000,000

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets, Net (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Acquired Intangible Assets
Acquired Intangible Assets, Balance	$ 97,793
Increases (decreases):
Acquisition	122,455
Amortization	(20,164)
Foreign currency exchange rate changes	(19,827)
Acquired Intangible Assets, Balance	180,257
Goodwill
Goodwill, Balance	641,605
Increases (decreases):
Acquisition	212,183
Amortization
Foreign currency exchange rate changes	(89,008)
Goodwill, Balance	764,780
Total Intangible Assets
Total Intangible Assets, Balance	739,398
Increases (decreases):
Acquisition	334,638
Amortization	(20,164)
Foreign currency exchange rate changes	(108,835)
Total Intangible Assets, Balance	$ 945,037

Goodwill and Acquired Intangi_4

Goodwill and Acquired Intangible Assets, Net (Details Textual) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 764,780	$ 641,605
Finite-lived intangible asset, expected amortization, remainder of 2022	6,600
Finite-lived intangible asset, expected amortization, 2023	22,300
Finite-lived intangible asset, expected amortization, 2024	16,600
Finite-lived intangible asset, expected amortization, 2025	13,600
Finite-lived intangible asset, expected amortization, 2026	13,300
Finite-lived intangible asset, expected amortization, 2027	12,100
Goodwill [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	764,800
EFT Processing Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	298,600
Money Transfer Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	351,300
Epay Segment [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Goodwill	$ 114,900

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES
Accrued expenses	$ 348,219	$ 285,098
Derivative liabilities	85,799	23,285
Accrued payroll expenses	57,827	55,162
Current portion of finance lease obligations	2,900	4,147
Total	$ 494,745	$ 367,692

Deferred Revenues (Details)

Deferred Revenues (Details)	9 Months Ended
	Sep. 30, 2022 USD ($)
DEFERRED REVENUES
Decrease in deferred revenue	$ 26,000
Deferred revenue, revenue recognized	$ 43,900

Debt Obligations (Details)

Debt Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Debt Instrument [Line Items]
Revolving credit agreement	$ 326,300	$ 283,400
Uncommitted credit agreements	300,000
Senior notes (in USD)	588,400
Other obligations	3,616	920
Total debt obligations	1,743,276	1,434,635
Unamortized debt issuance costs	(11,256)	(13,729)
Carrying value of debt	1,732,020	1,420,906
Short-term debt obligations and current maturities of long-term debt obligations	(303,549)	(821)
Long-term debt obligations	1,428,471	1,420,085
Due 2049 [Member]
Debt Instrument [Line Items]
Convertible Debt	525,000	468,235
Due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)	$ 588,360	$ 682,080

Debt Obligations (Details Textu

Debt Obligations (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended		3 Months Ended		9 Months Ended
	Oct. 24, 2022	Mar. 18, 2019	Jun. 24, 2022	May 25, 2022	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021	May 22, 2019
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity					$ 250,000		$ 250,000
Uncommitted credit agreements expire date				Nov. 30, 2022
Senior notes (in USD)					$ 588,400		$ 588,400
Conversion price		$ 188.73			$ 188.73		$ 188.73
Debt instrument, convertible, carrying amount of equity component					$ 99,700		$ 99,700
Contractual interest expense					4,000		9,000
Debt instrument, interest rate during period		100%		1%
Line of credit, current					150,000		150,000
Uncommitted credit agreements					300,000		$ 300,000
Percentage of current credit rating							1.25%
Increase credit facility							$ 500,000
Description of credit facility							(i) a Consolidated Total Leverage Ratio, depending on certain circumstances defined in the Credit Facility, not to exceed a range between 3.5 to 1.0 and 4.5 to 1.0; and (ii) a Consolidated Interest Coverage Ratio of not less than 3.0 to 1.0. Subject to meeting certain customary covenants (as defined in the Credit Facility), the Company is permitted to repurchase common stock and debt.
Accretion Expense								$ 11,900
Debt					303,549		$ 303,549		821
Other borrowings					$ 3,600		$ 3,600		$ 900
Subsequent Event [Member]
Debt Instrument [Line Items]
Line of credit facility, expiration date	Oct. 24, 2027
Uncommitted Credit Agreement [Member]
Debt Instrument [Line Items]
Sale purpose of cash				$ 300,000
Weighted-average interest rate					2.76%		2.76%
Uncommitted Loan Agreement [Member]
Debt Instrument [Line Items]
Sale purpose of cash			$ 150,000
Weighted-average interest rate					2.70%		2.70%
Debt [Member]
Debt Instrument [Line Items]
Senior notes (in USD)					$ 4,400		$ 4,400
Unamortized debt issuance costs					1,500		1,500
Convertible notes					$ 5,300		$ 5,300
Due 2049 [Member]
Debt Instrument [Line Items]
Sale of convertible senior notes		$ 525,000
Debt instrument, interest rate during period							0.75%
Accretion Expense						$ 4,000
Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)										$ 669,900
Debt instrument, interest rate during period							1.375%
Long-term debt, percentage bearing fixed interest, percentage rate					1.375%		1.375%
Minimum [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							1%
Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, applicable margin							1.625%
Swingline Loans [Member]
Debt Instrument [Line Items]
Debt					$ 75,000		$ 75,000
Unsecured Debt [Member] | Minimum [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000
Unsecured Debt [Member] | Maximum [Member] | Subsequent Event [Member]
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,250,000
Euro Member Countries, Euro
Debt Instrument [Line Items]
Senior notes (in USD)					600,000		600,000
Uncommitted credit agreements					$ 75,000		$ 75,000
Euro Member Countries, Euro | Senior Notes, 1.375 Percent due 2026 [Member]
Debt Instrument [Line Items]
Senior notes (in USD)										$ 600,000

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, 2022	Dec. 31, 2021
Prepaid Expenses and Other Current Assets [Member]
Derivatives, Fair Value [Line Items]
Foreign currency exchange contracts	$ 92,079	$ 27,582
Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Foreign currency derivative instruments, liability at fair value	$ (85,799)	$ (23,285)

Derivative Instruments and He_4

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES
Derivative Assets, Gross Amounts of Recognized Assets	$ 92,079	$ 27,582
Derivative Assets, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Assets, Net Amounts Presented in the Consolidated Balance Sheet	92,079	27,582
Derivative Assets, Financial Instruments	(57,129)	(14,875)
Derivative Assets, Cash Collateral Received	(6,938)	(2,284)
Derivative Assets, Net Amounts	28,012	10,423
Derivative Liabilities, Gross Amounts of Recognized Liabilities	(85,799)	(23,285)
Derivative Liabilities, Gross Amounts Offset in the Consolidated Balance Sheet
Derivative Liabilities, Net Amounts Presented in the Consolidated Balance Sheet	(85,799)	(23,285)
Derivative Liabilities, Financial Instruments	57,129	14,875
Derivative Liabilities, Cash Collateral Paid	4,495	640
Derivative Liabilities, Net Amounts	$ (24,175)	$ (7,770)

Derivative Instruments and He_5

Derivative Instruments and Hedging Activities (Details 2) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Ria Operations [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Loss [Line Items]
Gain (loss) on foreign currency derivative instruments not designated as hedging instruments	[1]	$ (7,402)	$ 3,915	$ (689)	$ 1,447
[1]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.

Derivative Instruments and He_6

Derivative Instruments and Hedging Activities (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021	Dec. 31, 2021
United States of America, Dollars | Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	$ 415,800		$ 415,800		$ 222,100,000
Euro Member Countries, Euro | Ria Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Derivative asset, notional amount	7,400,000		$ 7,400,000		$ 216,100,000
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]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin		$ 20,100		$ 58,500
Trading Revenue [Member] | Xe Operations [Member] | Foreign Exchange Contracts [Member]
Derivative Instruments and Hedging Activities Disclosures [Line Items]
Foreign currency exchange margin	$ 22,300,000		$ 66,500,000

Fair Value Measurements (Detail

Fair Value Measurements (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	$ 92,079	$ 27,582
Foreign Currency Contracts, Liability, Fair Value Disclosure	(85,799)	(23,285)
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure
Foreign Currency Contracts, Liability, Fair Value Disclosure
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Foreign Currency Contract, Asset, Fair Value Disclosure	92,079	27,582
Foreign Currency Contracts, Liability, Fair Value Disclosure	(85,799)	(23,285)
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, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes (in USD)	$ 588.4
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	503.9
Convertible Debt	525
Senior Notes [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Senior notes (in USD)	$ 588.4

Segment Information (Details)

Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Total revenues	$ 931,266	$ 816,560	$ 2,493,042	$ 2,183,916
Operating expenses:
Direct operating costs	526,048	484,438	1,484,863	1,389,770
Salaries and benefits	134,471	119,421	392,544	356,160
Selling, general and administrative	69,508	64,298	207,613	182,193
Depreciation and amortization	32,781	33,909	101,784	100,729
Total operating expenses	762,808	702,066	2,186,804	2,028,852
Operating income	168,458	114,494	306,238	155,064
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	319,466	227,129	714,067	427,687
Operating expenses:
Direct operating costs	137,812	106,321	354,907	258,614
Salaries and benefits	30,020	23,665	82,957	71,334
Selling, general and administrative	12,167	11,301	40,285	33,062
Depreciation and amortization	23,071	22,640	71,159	66,907
Total operating expenses	203,070	163,927	549,308	429,917
Operating income	116,396	63,202	164,759	(2,230)
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	248,923	238,319	712,467	724,540
Operating expenses:
Direct operating costs	190,091	180,206	542,066	547,828
Salaries and benefits	19,756	20,104	59,705	59,248
Selling, general and administrative	8,506	9,802	26,223	28,594
Depreciation and amortization	1,436	2,253	4,748	6,524
Total operating expenses	219,789	212,365	632,742	642,194
Operating income	29,134	25,954	79,725	82,346
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total revenues	364,841	353,451	1,072,266	1,037,659
Operating expenses:
Direct operating costs	200,171	200,231	593,631	589,273
Salaries and benefits	69,703	65,285	204,905	188,535
Selling, general and administrative	46,256	41,533	133,654	115,975
Depreciation and amortization	8,169	8,897	25,557	26,886
Total operating expenses	324,299	315,946	957,747	920,669
Operating income	40,542	37,505	114,519	116,990
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total revenues	(1,964)	(2,339)	(5,758)	(5,970)
Operating expenses:
Direct operating costs	(2,026)	(2,320)	(5,741)	(5,945)
Salaries and benefits	14,992	10,367	44,977	37,043
Selling, general and administrative	2,579	1,662	7,451	4,562
Depreciation and amortization	105	119	320	412
Total operating expenses	15,650	9,828	47,007	36,072
Operating income	$ (17,614)	$ (12,167)	$ (52,765)	$ (42,042)

Segment Information (Details 1)

Segment Information (Details 1) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Segment Reporting Information [Line Items]
Total	$ 4,827,827	$ 4,744,276
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Total	2,101,595	1,682,680
Epay Segment [Member]
Segment Reporting Information [Line Items]
Total	760,088	1,234,074
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Total	1,660,050	1,621,726
Corporate Services, Eliminations and Other [Member]
Segment Reporting Information [Line Items]
Total	$ 306,094	$ 205,796

Segment Information (Details 2)

Segment Information (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Revenues	$ 931,266	$ 816,560	$ 2,493,042	$ 2,183,916
EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	319,466	227,129	714,067	427,687
Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	248,923	238,319	712,467	724,540
Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	364,841	353,451	1,072,266	1,037,659
Europe [Member]
Segment Reporting Information [Line Items]
Revenues	577,990	479,441	1,453,820	1,207,325
Europe [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	267,017	183,163	563,491	303,134
Europe [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	166,965	150,465	457,651	475,933
Europe [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	144,008	145,813	432,678	428,258
North America [Member]
Segment Reporting Information [Line Items]
Revenues	230,971	221,690	668,767	642,427
North America [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	17,241	16,341	51,044	46,010
North America [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	32,934	35,876	98,538	104,318
North America [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	180,796	169,473	519,185	492,099
Asia Pacific [Member]
Segment Reporting Information [Line Items]
Revenues	97,883	91,272	296,126	269,689
Asia Pacific [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	34,070	27,381	96,821	78,110
Asia Pacific [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	36,853	39,303	118,636	111,998
Asia Pacific [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	26,960	24,588	80,669	79,581
Other [Member]
Segment Reporting Information [Line Items]
Revenues	26,386	26,496	80,087	70,445
Other [Member] | EFT Processing Segment [Member]
Segment Reporting Information [Line Items]
Revenues	1,138	244	2,711	433
Other [Member] | Epay Segment [Member]
Segment Reporting Information [Line Items]
Revenues	12,171	12,675	37,642	32,291
Other [Member] | Money Transfer Segment [Member]
Segment Reporting Information [Line Items]
Revenues	13,077	13,577	39,734	37,721
Eliminations [Member]
Segment Reporting Information [Line Items]
Revenues	(1,964)	(2,339)	(5,758)	(5,970)
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, 2022 segment
SEGMENT INFORMATION
Number of reportable segments	3

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
INCOME TAXES
Effective income tax rate	31.10%	23.60%	33.50%	35.80%
Federal statutory income tax rate	21%		21%

Commitments (Details)

Commitments (Details) $ in Millions	Sep. 30, 2022 USD ($)
Other Commitments [Line Items]
Collateralized cash deposits	$ 9.9
Guarantor obligations, maximum exposure, undiscounted	367
Guarantee Type, Other [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	50.9
Performance Guarantee [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	78.6
Collateralized cash deposits	41.6
Indemnification Agreement [Member]
Other Commitments [Line Items]
Letters of credit outstanding, amount	$ 3

Leases (Details)

Leases (Details) $ in Thousands	Sep. 30, 2022 USD ($)	[1]
LEASES
Remainder of 2022	$ 11,323
2023	39,786
2024	30,591
2025	22,111
2026	15,611
Thereafter	24,865
Total lease payments	144,287
Less: imputed interest	(3,668)
Present value of lease liabilities	$ 140,619
[1] Operating lease payments reflect our current fixed obligations under the operating lease agreements.

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
LEASES
Operating lease expense	$ 12,222	$ 13,880	$ 38,766	$ 41,884
Short-term and variable lease expense	40,304	34,808	107,333	84,279
Total lease expense	$ 52,526	$ 48,688	$ 146,099	$ 126,163

Leases (Details 2)

Leases (Details 2)	Sep. 30, 2022
LEASES
Weighted- average remaining lease term (years)	4 years 9 months 18 days
Weighted- average discount rate	2.30%

Leases (Details 3)

Leases (Details 3) - USD ($) $ in Thousands		9 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
LEASES
Cash paid for amounts included in the measurement of lease liabilities	[1]	$ 37,908	$ 38,763
Supplemental non-cash information on lease liabilities arising from obtaining ROU assets:
ROU assets obtained in exchange for new operating lease liabilities		$ 26,487	$ 57,580
[1]Included in Net cash provided by operating activities on our Consolidated Statements of Cash Flows