Startek (SRT) 10-Q 8 Aug 19 2019 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2019	Jul. 29, 2019
Document Information [Line Items]
Entity Registrant Name	StarTek, Inc.
Entity Central Index Key	0001031029
Trading Symbol	srtk
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Small Business	true
Entity Common Stock, Shares Outstanding (in shares)		38,460,155
Entity Shell Company	false
Document Type	10-Q
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q2
Amendment Flag	false
Title of 12(b) Security	Common Stock

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 161,283	$ 110,223	$ 322,425	$ 225,318
Warrant contra revenue	(730)		(730)
Net Revenue	160,553	110,223	321,695	225,318
Cost of services	132,993	93,340	266,921	187,278
Gross profit	27,560	16,883	54,774	38,040
Selling, general and administrative expenses	24,936	15,257	49,015	29,663
Restructuring and other merger related cost	746		1,839	6,257
Operating income	1,878	1,626	3,920	2,120
Share of profit of associates	662	(25)	1,003	39
Interest expense, net	(4,026)	(3,273)	(8,492)	(7,402)
Exchange gain / (losses), net	14	(1,868)	(677)	(3,146)
Loss before income taxes	(1,472)	(3,540)	(4,246)	(8,389)
Income tax expense	730	234	1,113	565
Net loss	(2,202)	(3,774)	(5,359)	(8,954)
Net income/(loss) attributable to non-controlling interests	1,392	(66)	1,581	906
Net loss attributable to Startek shareholders	(3,594)	(3,708)	(6,940)	(9,860)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	32	(2,518)	599	(3,185)
Change in fair value of derivative instruments	413		348
Pension amortization	(236)	(483)	(60)	(780)
Comprehensive loss	(1,993)	(6,775)	(4,472)	(12,919)
Comprehensive income attributable to non-controlling interests	1,281	(284)	1,556	549
Comprehensive loss attributable to Startek shareholders	$ (3,274)	$ (6,491)	$ (6,028)	$ (13,468)
Net loss per common share - basic and diluted (in dollars per share)	$ (0.10)	$ (0.18)	$ (0.18)	$ (0.48)
Weighted average common shares outstanding - basic and diluted (in shares)	37,779	20,600	37,779	20,600

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 15,452	$ 16,617
Restricted cash	10,456	7,952
Trade accounts receivable, net	107,646	107,836
Unbilled Revenue	49,265	42,135
Prepaid and other current assets	17,567	18,850
Total current assets	200,386	193,390
Property, plant and equipment, net	39,638	42,242
Operating lease Right-of-use assets	72,079
Intangible assets, net	116,026	121,336
Goodwill	226,505	225,450
Investment in associates	1,767	2,097
Deferred tax assets, net	6,116	5,048
Prepaid expenses and other non-current assets	18,153	15,076
Total assets	680,670	604,639
Current liabilities:
Trade accounts payable	24,810	26,886
Accrued expenses and other current liabilities	77,621	84,881
Short term debt	28,295	21,975
Current maturity of long term debt	14,000	9,800
Current maturity of operating lease liabilities	22,000
Current maturity of finance lease obligations	1,074	1,816
Total current liabilities	167,800	145,358
Long term debt	148,726	152,100
Operating lease liabilities	51,400
Other non-current liabilities	14,279	11,907
Deferred tax liabilities, net	18,586	18,901
Total liabilities	400,791	328,266
Commitments and contingencies
Stockholders’ equity:
Common stock, 60,000,000 non-convertible shares, $0.01 par value, authorized; 38,452,111 and 37,446,323 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively	384	374
Additional paid-in capital	275,284	267,317
Accumulated other comprehensive loss	(4,634)	(5,547)
Accumulated deficit	(38,067)	(31,127)
Equity attributable to Startek shareholders	232,967	231,017
Non-controlling interest	46,912	45,356
Total stockholders’ equity	279,879	276,373
Total liabilities and stockholders’ equity	$ 680,670	$ 604,639

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Jun. 30, 2019	Dec. 31, 2018
Common Stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, non-convertible shares authorized (in shares)	60,000,000	60,000,000
Common Stock, shares issued (in shares)	38,452,111	37,446,323
Common stock, shares outstanding (in shares)	38,452,111	37,446,323

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Operating Activities
Net loss	$ (2,202)	$ (3,774)	$ (5,359)	$ (8,954)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization			14,631	10,749
Profit on sale of property, plant and equipment			(223)
Provision for doubtful accounts			1,169	412
Warrant contra revenue	730		730
Share-based compensation expense			781
Deferred income taxes			(1,224)	(1,203)
Share of profit of affiliates	(662)	25	(1,003)	(39)
Changes in operating assets and liabilities:
Trade accounts receivable			(1,218)	2,934
Prepaid expenses and other assets			(7,677)	17,303
Accounts payable			(2,091)	(1,565)
Income taxes, net			(2,663)	(1,508)
Accrued and other liabilities			(1,280)	(14,985)
Net cash (used in) provided by operating activities			(5,427)	3,144
Investing Activities
Purchases of property, plant and equipment			(7,302)	(2,353)
Distributions received from associates			1,329	18
Net cash used in investing activities			(5,973)	(2,335)
Financing Activities
Proceeds from the issuance of common stock			6,466
Payments on long term debt			(4,200)	(1,400)
Proceeds from (payments on) other debt, net			10,513	(3,290)
Net cash provided by (used in) financing activities			12,779	(4,690)
Net increase (decrease) in cash and cash equivalents			1,379	(3,881)
Effect of exchange rate changes on cash and cash equivalents and restricted cash			(40)	(27)
Cash and cash equivalents and restricted cash at beginning of period			24,569	21,601
Cash and cash equivalents and restricted cash at end of period	25,908	17,693	25,908	17,693
Components of cash and cash equivalents and restricted cash
Balances with banks	15,452	10,986	15,452	10,986
Restricted cash	10,456	6,707	10,456	6,707
Cash and cash equivalents and restricted cash at end of period	$ 25,908	$ 17,693	$ 25,908	$ 17,693

Condensed Consolidated Statem_3

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	AOCI Attributable to Parent [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2017	20,600,100
Balance at Dec. 31, 2017	$ 206	$ 153,704	$ 717	$ (663)	$ 153,964	$ 46,619	$ 200,584
Issuance of common stock
Net income (loss)				(9,860)	(9,860)	906	(8,954)
Other comprehensive loss for the period			(3,902)		(3,902)	(357)	(4,259)
Balance (in shares) at Jun. 30, 2018	20,600,100
Balance at Jun. 30, 2018	$ 206	153,704	(3,185)	(10,523)	140,202	47,168	187,370
Balance (in shares) at Mar. 31, 2018	20,600,100
Balance at Mar. 31, 2018	$ 206	153,704	(402)	(6,815)	146,693	47,452	194,145
Issuance of common stock
Net income (loss)				(3,708)	(3,708)	(66)	(3,774)
Other comprehensive loss for the period			(2,783)		(2,783)	(218)	(3,001)
Balance (in shares) at Jun. 30, 2018	20,600,100
Balance at Jun. 30, 2018	$ 206	153,704	(3,185)	(10,523)	140,202	47,168	$ 187,370
Balance (in shares) at Dec. 31, 2018	37,446,323						37,446,323
Balance at Dec. 31, 2018	$ 374	267,317	(5,547)	(31,127)	231,017	45,356	$ 276,373
Issuance of common stock (in shares)	1,005,788
Issuance of common stock	$ 10	6,456			6,466		6,466
Warrant expenses		730			730		730
Share-based compensation expenses		781			781		781
Net income (loss)				(6,940)	(6,940)	1,581	(5,359)
Other comprehensive loss for the period			913		913	(25)	$ 888
Balance (in shares) at Jun. 30, 2019	38,452,111						38,452,111
Balance at Jun. 30, 2019	$ 384	275,284	(4,634)	(38,067)	232,967	46,912	$ 279,879
Balance (in shares) at Mar. 31, 2019	37,561,744
Balance at Mar. 31, 2019	$ 375	268,256	(4,955)	(34,473)	229,203	45,631	274,834
Issuance of common stock (in shares)	890,367
Issuance of common stock	$ 9	5,942			5,951		5,951
Warrant expenses		730			730		730
Share-based compensation expenses		356			356		356
Net income (loss)				(3,594)	(3,594)	1,392	(2,202)
Other comprehensive loss for the period			321		321	(111)	$ 210
Balance (in shares) at Jun. 30, 2019	38,452,111						38,452,111
Balance at Jun. 30, 2019	$ 384	$ 275,284	$ (4,634)	$ (38,067)	$ 232,967	$ 46,912	$ 279,879

Note 1 - Overview and Basis of

Note 1 - Overview and Basis of Preparation	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Unless otherwise noted in this report, any description of "us," "we," or "our," refers to StarTek, Inc. and its subsidiaries (the "Company"). Financial information in this report is presented in U.S. dollars. Business Startek is a global business process outsourcing company that provides omnichannel customer interactions, technology and back-office support solutions for some of the world’s most iconic brands in a variety of vertical markets. Operating under the Startek brand, we help these large global companies connect emotionally with their customers, solve issues, and improve net promoter scores and other customer-facing performance metrics. Through consulting and analytics services, technology-led innovation, and engagement solutions powered by the science of dialogue, we deliver personalized experiences at the point of conversation between our clients and their customers across every interaction channel and phase of the customer journey. Startek has proven results for the multiple services we provide, including sales, order management and provisioning, customer care, technical support, receivables management, and retention programs. We manage programs using a variety of multi-channel customer interactions, including voice, chat, email, social media and back-office support. Startek has facilities in India, United States, Malaysia, Philippines, Australia, South Africa, Canada, Honduras, Jamaica, Kingdom of Saudi Arabia, Argentina, Peru and Sri Lanka. We operate in a single operating segment providing business outsourcing solutions in the customer experience management space. On July 20, 2018, 20,600,000 $.01 166,667 $12 $2,000. 20,766,667 55% July 20, 2018 July 20, 2018 In addition, on July 20, 2018, On December 13, 2018, 368,098 $6.52 $2,400, 56% “2018 On May 17, 2019, 692,520 $7.48 $5,180 2019 100,267 2019 Basis of preparation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("US-GAAP") for interim financial information and instructions to Form 10 10 X. not These financial statements reflect all adjustments (consisting only of normal recurring entries, except as noted) which, in the opinion of management, are necessary for fair presentation. The results of operations for interim periods are not The consolidated balance sheet as of December 31, 2018, not 10 10 nine December 31, 2018.

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Principles of consolidation The consolidated financial statements reflect the financial results of all subsidiaries that are more than 50% owned and over which the Company exerts control. When the Company does not have majority ownership in an entity but exerts significant influence over that entity, the Company accounts for the entity under the equity method of accounting. All intercompany balances are eliminated on consolidation. Where our ownership of a subsidiary was less than 100%, the non-controlling interest is reported in our Condensed Consolidated Balance Sheets. The non-controlling interest in our consolidated net income is reported as "Net income (loss) attributable to non-controlling interests" in our Condensed Consolidated Statements of Comprehensive Income (Loss). These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto contained in our Form 10 -KT for the nine months period ended December 31, 2018 filed with the SEC on March 14, 2019. Use of Estimates The preparation of condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, intangibles, impairment of goodwill, purchase price allocations, provision for doubtful receivables, valuation allowances for deferred tax assets, the valuation of derivative financial instruments, measurements of stock-based compensation, assets and obligations related to employee benefits, lease termination liabilities, restructuring costs, and income tax uncertainties and other contingencies. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the Company’s consolidated financial statements. Revenue On April 1, 2018, the Company adopted Accounting Standards Codification 606, Revenue from Contracts with Customers, (Topic 606 ) using the modified retrospective method. Topic 606 utilizes a five -step process, for revenue recognition that focuses on transfer of control, rather than transfer of risks and rewards. It also provided additional guidance on accounting for contract acquisition and fulfillment costs. Refer Note 5 on "Revenue from Contracts with Customers" for further information. Consistent with the modified retrospective method of adoption, the Company has not adjusted prior period amounts which continue to be reported in accordance with the Company’s historic revenue accounting policy and principles. Leases On January 1, 2019, the Company adopted Accounting Standards Codification 842, Leases , (Topic 842 ) with the transition approach . However, the Company has accounted the lease for the comparable periods as per the Accounting Standards Codification 840. We determine if an arrangement is a lease at inception. Operating leases are included in right-of-use (“ROU”) assets, current maturity of operating lease liabilities, and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property plant and equipment, long-term debt, accrued expenses and other current liabilities in our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of remaining lease payments over the balance lease term. As most of our leases do not provide an implicit rate, we use our incremental borrowing rate based on the information available at the date of initial application on determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. Our lease terms may include options to extend or terminate the lease when it is reasonably certain that we will exercise that option. Lease expense is recognized on a straight-line basis over the lease term. We have lease agreements with lease and non-lease components, which are generally accounted for separately. Business Combinations The Company accounts for business combinations under the acquisition method of accounting in accordance with ASC 805, Business Combinations, by recognizing identifiable tangible and intangible assets acquired, liabilities assumed, and non-controlling interests in the acquired business at their fair values. The excess of the cost of the acquired business over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed is recorded as goodwill. Acquisition related costs are expensed as incurred. Goodwill and Intangible Assets Goodwill was recorded at fair value at acquisition date and not amortized but is reviewed for impairment at least annually or more frequently if impairment indicators arise. Our goodwill is allocated by reporting unit and is evaluated for impairment by first performing a qualitative assessment to determine whether a quantitative goodwill test is necessary. If it is determined, based on qualitative factors, that the fair value of the reporting unit is "more likely than not" less than the carrying amount or if significant changes related to the reporting unit have occurred that could materially impact fair value, a quantitative goodwill impairment test would be required. The Company can elect to forgo the qualitative assessment and perform the quantitative test. Intangible assets acquired in a business combination were recorded at fair value at acquisition date using generally accepted valuation methods appropriate for the type of intangible asset. Intangible assets with definite lives are amortized over the estimated useful lives and are reviewed for impairment at least annually, or more frequently if indicators of impairment arise. Foreign Currency Matters The Company has operations in Argentina and its functional currency has historically been the Argentine Peso. The Company monitors inflation rates in countries in which it operates as required by US GAAP. Under ASC 830 - 10 - 45 - 12, an economy must be classified as highly inflationary when the cumulative three -year rate exceeds 100%. In May 2018, a discussion document prepared by the Center for Audit Quality SEC Regulations Committee and its International Practices Task Force describes inflation data for Argentina through April 2018. Considering this data and more recent data for May 2018, all of the three -year cumulative inflation rates commonly used to evaluate Argentina’s inflation currently exceed 100%. Therefore, the Company has considered Argentina to be highly inflationary beginning on July 1, 2018. In accordance with ASC 830, the functional currency of the Argentina business has been changed to USD, which requires remeasurement of the local books to USD. Exchange gains and losses is recorded through net income as opposed to through other comprehensive income as had been done historically. Translation adjustments from prior periods will not be removed from equity. Stock-Based Compensation We recognize expense related to all share-based payments to employees, including grants of employee stock options, based on the grant-date fair values amortized straight-line over the period during which the employees are required to provide services in exchange for the equity instruments. We include an estimate of forfeitures when calculating compensation expense. We use the Black-Scholes method for valuing stock-based awards. See Note 11, “Share-Based Compensation” for further information. Common Stock Warrant Accounting We account for common stock warrants as equity instruments, based on the specific terms of our warrant agreement. For more information refer to Note 11, "Share-Based Compensation." Recent Accounting Pronouncements In August 2018, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2018 - 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 - 20 ): Disclosure Framework - Changes to the Disclosure Requirements for Defined Benefit Plans (“ASU 2018 - 14” ) . The amendment makes minor changes to the disclosure requirements for employers that sponsor defined benefit pension and/or other post retirement benefit plans. The new guidance eliminates requirements for certain disclosures that are no longer considered cost beneficial and requires new ones that the FASB considers pertinent. ASU No. 2018 - 14 is effective for fiscal years ending after December 15, 2020. The Company is evaluating the impact of the adoption of ASU No. 2018 - 14 on its financial statement disclosures. In June 2016, FASB issued accounting standard updated on Financial Instruments - Credit Losses (Topic 326 ) , Measurement of Credit Losses on Financial Instruments. The standard significantly changes how entities will measure credit losses for most financial assets and certain other instruments that aren't measured at fair value through net income. The standard will replace today's "incurred loss" approach with an "expected loss" model for instruments measured at amortized cost. For available-for-sale debt securities, entities will be required to record allowances rather than reduce the carrying amount, as they do today under the other-than-temporary impairment model. It also simplifies the accounting model for purchased credit-impaired debt securities and loans. This ASU is effective for annual periods beginning after December 15, 2019, and interim periods therein. Early adoption is permitted for annual periods beginning after December 15, 2018, and interim periods therein. We do not expect the adoption of this standards will have a material impact on our consolidated financial statements. In August 2018, the FASB issued ASU No. 2018 - 13, “Disclosure Framework— Changes to the Disclosure Requirements for Fair Value Measurement.” The ASU modifies the disclosure requirements with respect to fair value measurements. The ASU is effective for the Company beginning January 1, 2020, including interim periods in fiscal year 2020. Early adoption is permitted. The Company is in the process of assessing the impact of this ASU on its consolidated results of operations, cash flows, financial position and disclosures.

Note 3 - Business Acquisitions

Note 3 - Business Acquisitions	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Business Combination Disclosure [Text Block]	3. Aegis Transactions On July 20, 2018, 20,600,000 166,667 $12 $2,000. 2018 2019 21,235,032 55% In accordance with ASC 805, July 20, 2018. The estimated fair value of the purchase consideration is calculated based on the Company's stock price as it is considered to be more reliably determinable than the fair value of Aegis' private stock. Consideration is calculated based on the Company's closing stock price of $6.81 July 20, 2018. The following table presents the purchase price and the estimated fair values of the identifiable assets acquired and liabilities assumed as of the acquisition date. These estimates are preliminary, pending final evaluation of certain assets, and therefore are subject to revisions that may Amount Stock consideration (number of shares outstanding immediately prior the closing date) 16,226,392 Closing share price on July 20, 2018 $ 6.81 Total allocable purchase price $ 110,502 Amount Cash and cash equivalents $ 1,496 Other current assets 46,094 Property, plant and equipment, net 15,930 Identifiable intangible assets 28,960 Goodwill 64,337 Other non-current assets 3,204 Current liabilities (22,540 ) Non-current liabilities (26,979 ) Preliminary purchase price $ 110,502 The goodwill recognized was attributable primarily to the acquired workforce, increased utilization of our global delivery platform and other synergistic benefits. Goodwill from this acquisition is not

Note 4 - Goodwill and Intangibl

Note 4 - Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Goodwill and Intangible Assets Disclosure [Text Block]	4. Goodwill As of June 30, 2019, $226,505. Reporting Units Amount Aegis 162,168 StarTek 64,337 Ending balance, June 30, 2019 $ 226,505 We perform a goodwill impairment analysis at least annually (in the fourth five may As of June 30, 2019, not The following table presents the changes in goodwill during the period: Amount Opening balance, December 31, 2018 $ 225,450 Measurement period adjustments 1,055 Ending balance, June 30, 2019 $ 226,505 Intangible Assets The following table presents our intangible assets as of June 30, 2019: Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (years) Customer relationships $ 65,050 $ 7,796 $ 57,254 6.5 Brand 49,500 5,885 43,615 7.1 Trademarks 14,410 910 13,500 7.5 Other intangibles 2,100 443 1,657 4.9 $ 131,060 $ 15,034 $ 116,026 Expected future amortization of intangible assets as of June 30, 2019 Years Ending December 31, Amount Remainder of 2019 $ 5,084 2020 10,277 2021 10,277 2022 10,277 2023 10,236 Thereafter 69,875

Note 5 - Revenue

Note 5 - Revenue	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Revenue from Contract with Customer [Text Block]	5. The company follows a five 606, Contracts with Customers All of the Company's revenues are derived from written contracts with our customers. Generally speaking, our contracts document our customers' intent to utilize our services and the relevant terms and conditions under which our services will be provided. Our contracts generally do not may ninety Our contracts give us the right to bill for services rendered during the period, which for the majority of our customers is a calendar month, with a few customers specifying a fiscal month. Our payment terms vary by client and generally range from due upon receipt to 60 90 Performance Obligations We have identified one Our stand-ready obligation involves outsourcing of the entire customer care life cycle, including: • The identification, operation, management and maintenance of facilities, IT equipment, and IT and telecommunications infrastructure • Management of the entire human resources function, including recruiting, hiring, training, supervising, evaluating, coaching, retaining, compensating, providing employee benefits programs, and disciplinary activities These activities are all considered an integral part of the production activities required in the service of standing ready to accept calls as and when they are directed to us by our clients. Revenue Recognition Methods Because our customers receive and consume the benefit of our services as they are performed and we have the contractual right to invoice for services performed to date, we have concluded that our performance obligation is satisfied over time. Accordingly, we recognize revenue for our services in the month they are performed. This is consistent with our prior revenue recognition model. We are generally entitled to invoice for our services on a monthly basis. We invoice according to the hourly and/or per transaction rates stated in each contract for the various activities we perform. Some contracts include opportunities to earn bonuses or include parameters under which we will incur penalties related to performance in any given month. Bonus or penalty amounts are based on the current month’s performance. Formulas are included in the contracts for calculation of any bonus or penalty. There is no Practical expedients and exemptions Because the Company’s contracts are essentially month-to-month, we have elected the following practical expedients: • ASC 606 10 50 14 one • ASC 340 40 25 4 one • ASC 606 10 32 2A • ASC 606 10 55 18 may Disaggregated Revenue Revenues by our clients' industry vertical for the Three and Six months ended June 30, 2019 2018, Three Months Ended June 30, Six Months Ended June 30, Vertical: 2019 2018 2019 2018 Telecom 64,421 58,412 130,245 124,761 E-commerce & Consumer 24,375 7,950 48,719 16,063 Financial & Business Services 13,245 12,941 26,565 28,182 Media & Cable 23,587 2,691 45,344 6,008 Travel & Hospitality 17,375 13,366 33,889 27,007 Healthcare & Education 8,352 2,301 18,881 4,945 Technology, IT & Related Services 3,458 1,346 5,896 2,822 All other segments 6,470 11,216 12,886 15,530 Gross Revenue 161,283 110,223 322,425 225,318 Less: Warrant Contra Revenue (730 ) - (730 ) - Net Revenue $ 160,553 $ 110,223 $ 321,695 $ 225,318

Note 6 - Net Loss Per Share

Note 6 - Net Loss Per Share	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	6. Basic net loss per common share is computed based on our weighted average number of common shares outstanding. Diluted earnings per share is computed based on our weighted average number of common shares outstanding plus the effect of dilutive stock options, non-vested restricted stock, and deferred stock units, using the treasury stock method. When a net loss is reported, potentially issuable common shares are excluded from the computation of diluted earnings per share as their effect would be anti-dilutive. In connection with the Aegis Transactions, the Company maintained Startek's 2008 11, three six June 30, 2019, not Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Anti-dilutive securities: Stock options 2,628 - 2,628 -

Note 7 - Restructuring and Othe

Note 7 - Restructuring and Other Merger Related Cost	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Restructuring and Related Activities Disclosure [Text Block]	7. The table below summarizes the balance of accrued restructuring and other merger related cost, which is included in other accrued liabilities in our consolidated balance sheets, and the changes during the six June 30, 2019: Employee related Facilities related Total Balance as of December 31, 2018 $ 760 $ 2,267 $ 3,027 Accruals/(reversals) 1,742 97 1,839 Payments (1,685 ) (1,406 ) (3,091 ) Balance as of June 30, 2019 $ 817 $ 958 $ 1,775 Employee related In 2018, $673 third 2019. In March 2019, one $144 fourth 2019. Facilities related In 2018, $849 first 2021. Upon closure of site in Argentina, the Company recognized provision for facility related costs and we expect to pay the remaining costs of $109 fourth 2019.

Note 8 - Derivative Instruments

Note 8 - Derivative Instruments	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Derivative Instruments and Hedging Activities Disclosure [Text Block]	8. Cash flow hedges Our locations in Canada and the Philippines primarily serve US-based clients. The revenues from these clients is billed and collected in US Dollars, but the expenses related to these revenues are paid in Canadian Dollars and Philippine Pesos. We enter into derivative contracts, in the form of forward contracts and range forward contracts (a transaction where both a call option is purchased and a put option is sold) to mitigate this foreign currency exchange risk. The contracts cover periods commensurate with expected exposure, generally three twelve Unrealized gains and losses are recorded in accumulated other comprehensive income (“AOCI”) and will be re-classified to operations as the forecasted expenses are incurred, typically within one six June 30, 2019 2018, not The following table shows the notional amount of our foreign exchange cash flow hedging instruments as of June 30, 2019: Local Currency Notional Amount U.S. Dollar Notional Amount Philippine Peso 2,764,000,014 52,227,335 $ 52,227,335 Derivative assets and liabilities associated with our hedging activities are measured at gross fair value as described in Note 9, Non-designated hedges We have also entered into foreign currency range forward contracts and interest swap contract as required by our lenders. These hedges are not 815, Derivatives and Hedging. not 3 Unrealized gains and losses and changes in fair value of these derivatives are recognized as incurred in Exchange gains (losses), net in the Consolidated Statements of Comprehensive Income (Loss). The following table presents these amounts for the three six June 30, 2019 2018: Derivatives not designated under ASC 815 For the Three Months Ended June 30, 2019 For the Three Months Ended June 30, 2018 For the Six Months Ended June 30, 2019 For the Six Months Ended June 30, 2018 Foreign currency forward contracts $ 342 $ - $ 315 $ - Interest rate swap $ (405 ) $ (14 ) $ (630 ) $ (14 )

Note 9 - Fair Value Measurement

Note 9 - Fair Value Measurements	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	9. The fair value hierarchy prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy requires that the Company maximize the use of observable inputs and minimize the use of unobservable inputs. The levels of the fair value hierarchy are described below: Level 1 Level 2 not Level 3 Derivative Instruments The values of our derivative instruments are derived from pricing models using inputs based upon market information, including contractual terms, market prices and yield curves. The inputs to the valuation pricing models are observable in the market, and as such the derivatives are classified as Level 2 The following tables set forth our assets and liabilities measured at fair value on a recurring basis by level within the fair value hierarchy. These balances are included in Other current assets and Other current liabilities, respectively, on our balance sheet. As of June 30, 2019 Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts $ — $ 1,812 $ — $ 1,812 Total fair value of assets measured on a recurring basis $ — $ 1,812 $ — $ 1,812 Liabilities: Interest rate swap $ — $ 665 $ — $ 665 Foreign exchange contracts $ — $ 100 $ — $ 100 Total fair value of liabilities measured on a recurring basis $ — $ 765 $ — $ 765 As of December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts $ — $ 1,388 $ — $ 1,388 Total fair value of assets measured on a recurring basis $ — $ 1,388 $ — $ 1,388 Liabilities: Interest rate swap $ — $ 31 $ — $ 31 Foreign exchange contracts $ — $ 276 $ — $ 276 Total fair value of liabilities measured on a recurring basis $ — $ 307 $ — $ 307

Note 10 - Debt

Note 10 - Debt	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	10. The below table presents details of the Company's debt: June 30, 2019 December 31, 2018 Short term debt and current portion of long term debt Working capital facilities $ 28,295 $ 21,975 Term loan 14,000 9,800 Finance lease obligations 1,074 1,816 Total $ 43,369 $ 33,591 Long term debt Term loan, net of debt issuance costs $ 112,810 $ 120,462 Equipment loan 1,796 - Secured revolving credit facility 33,921 31,152 Finance lease obligations 199 486 Total $ 148,726 $ 152,100 Working capital facilities The Company has a number of working capital facilities in various countries in which it operates. These facilities provide for a combined borrowing capacity of approximately $33.6 3.0% 4.5% $28.3 June 30, 2019. Term loan On October 27, 2017, $140 five November 22, 2017 six first Principal payments due on the term loan are as follows: Years Amount 2019 5,600 2020 16,800 2021 21,000 2022 88,200 $ 131,600 The Term loan has a floating interest rate of USD LIBOR plus 4.5% first 3.75% 4.5% In connection with the Term loan, the Company incurred issuance costs of $7.3 June 30, 2019 $4.8 Secured revolving credit facility The Company has a secured revolving credit facility which is effective through March 2022. may $50 no may $70 $5 may $5 95% As of June 30, 2019, $33.9 $8.46 one 1.50% 1.75%, We have entered into factoring agreements with financial institutions to sell certain of our accounts receivable under non-recourse agreements. These transactions are accounted for as a reduction in accounts receivable because the agreements transfer effective control over and risk related to the receivables to the buyers. We do not $3.01 six June 30, 2019. BMO Equipment Loan On December 27, 2018, $1.79 7.57% 2.5 January 2019. Finance lease obligations From time to time and when management believes it to be advantageous, we may

Note 11 - Share-based Compensat

Note 11 - Share-based Compensation	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	11. Amazon Warrant On January 23, 2018, 4,000,000 $0.01 2019 4,000,000 4,002,964. third The first 425,532 $600 $9.96 $9.95 2019 January 23, 2026. At June 30, 2019, second 212,766 $730. 505 718. The Warrant provides for net share settlement that, if elected by the holders, will reduce the number of shares issued upon exercise to reflect net settlement of the exercise price. The Warrant provides for certain adjustments that may Because the Warrant contains performance criteria (i.e. aggregate purchase levels) which Amazon and/or any of its affiliates must achieve for the Warrant Shares to vest, as detailed above, the final measurement date for each tranche of the Warrant Shares is the date on which performance is completed. Prior to the final measurement date, when achievement of the performance criteria has been deemed probable, a reduction in revenue equal to the percentage of completion to date will be recognized. The fair value of the Warrant Shares will be adjusted at each reporting period until they are earned. Share-based compensation Our share-based compensation arrangements include grants of stock options, restricted stock units and deferred stock units under the StarTek, Inc. 2008 six June 30, 2019 $781, June 30, 2019, $1,544 2.04

Note 12 - Accumulated Other Com

Note 12 - Accumulated Other Comprehensive Loss	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Comprehensive Income (Loss) Note [Text Block]	12. Accumulated other comprehensive loss consisted of the following items: Foreign Currency Translation Adjustment Derivatives Accounted for as Cash Flow Hedges Defined Benefit Plan Equity attributable to Startek shareholders Non- controlling interests Total Balance at December 31, 2018 $ (3,989 ) $ (15 ) $ (1,543 ) $ (5,547 ) $ (1,243 ) $ (6,790 ) Foreign currency translation 599 - - 599 - 599 Unrealized losses - 348 - 348 - 348 Pension remeasurement - - (34 ) (34 ) (25 ) (59 ) Balance at June 30, 2019 $ (3,390 ) $ 333 $ (1,577 ) $ (4,634 ) $ (1,268 ) $ (5,902 )

Note 13 - Segment and Geographi

Note 13 - Segment and Geographical Information	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	13. The Company provides business process outsourcing services (“BPO”) to clients in a variety of industries and geographical locations. Our approach is focused on providing our clients with the best possible combination of services and delivery locations to meet our clients' needs in the best and most efficient manner. Our Chief Executive Officer, who has been identified as the Chief Operating Decision Maker ("CODM"), reviews financial information mainly on a consolidated basis. Based on our evaluation of the facts and circumstances, the Company has concluded that it has a single two The Group prepares its geographical information in conformity with the accounting policies adopted for preparing and presenting the consolidated financial statements of the Group as a whole. Revenues by geography, based on the location of the Company's delivery centers for the three six June 30, 2019 2018, Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Revenue: India 27,074 33,382 54,421 66,316 Middle East 34,216 29,741 65,334 61,989 Malaysia 16,117 13,862 33,196 28,352 Argentina 10,203 15,675 21,314 32,018 United States 24,437 - 54,181 - Australia 6,599 8,627 13,956 18,435 Philippines 20,617 - 33,426 - Rest of World 21,290 8,936 45,867 18,208 Total $ 160,553 $ 110,223 $ 321,695 $ 225,318 Property, plant and equipment, net by geography based on the location of the assets is presented below: As on As on Property, plant and equipment, net: India 12,121 13,287 Middle East 5,509 6,507 Malaysia 4,803 5,058 Argentina 1,401 1,341 United States 4,461 5,349 Australia 272 345 Philippines 1,987 2,835 Rest of World 9,084 7,520 Total $ 39,638 $ 42,242

Note 14 - Leases

Note 14 - Leases	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	14. We have operating and finance leases for service centers, corporate offices and certain equipment. Our leases have remaining lease terms of 1 10 3 5 1 The components of lease expense were as follows: Six months ended June 30, 2019 Operating lease cost $ 15,441 Finance lease cost: Amortization of right-of-use assets 985 Interest on lease liabilities 43 Total finance lease cost 1,028 Supplemental cash flow information related to leases was as follows: Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 15,235 Operating cash flow from finance leases 43 Financing cash flows from finance leases 1,251 Right-of-use assets obtained in exchange for lease obligations: Operating leases 72,079 Finance lease - Supplemental balance sheet information related to leases was as follows: As of June 30, 2019 Operating Leases Operating lease right-of-use assets $ 72,079 Operating Lease Liablities-Current 22,000 Operating Lease Liablities-Non-Current 51,400 Total operating lease liabilities $ 73,400 Finance Leases Property and equipment, at cost 11,364 Accumulated depreciation (9,323 ) Property and equipment, at net $ 2,041 Finance Lease Obligation-Current 1,074 Finance Lease Obligation-Non Current 199 Total finance lease liabilities $ 1,273 As of June 30, 2019 Weighted average remaining lease term Operating leases 4.19 yrs Finance leases 2.83 yrs Weighted average discount rate Operating leases 7.50 % Finance leases 6.01 % Maturities of lease liabilities were as follows: Operating leases Finance leases Year ending December, 31 Remaining of 2019 $ 26,264 $ 886 2020 19,245 362 2021 12,298 63 2022 9,710 8 2023 6,601 - Thereafter 11,810 - Total lease payments $ 85,928 $ 1,319 Less imputed interest (12,528 ) (46 ) Total $ 73,400 $ 1,273

Note 15 - Subsequent Event

Note 15 - Subsequent Event	6 Months Ended
	Jun. 30, 2019
Notes to Financial Statements
Subsequent Events [Text Block]	15. We plan to transition the remaining commercial Aegis branding to Startek over the coming quarters to better reflect our combined business and bring uniformity across geographies. Any accounting implications on the carrying values and amortization periods of the related intangible assets recognized in past periods would be formally evaluated in the upcoming quarter.

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Principles of consolidation The consolidated financial statements reflect the financial results of all subsidiaries that are more than 50% not 100%, 10 nine December 31, 2018 March 14, 2019.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of condensed consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements. Significant items subject to such estimates and assumptions include the useful lives of property, plant and equipment, intangibles, impairment of goodwill, purchase price allocations, provision for doubtful receivables, valuation allowances for deferred tax assets, the valuation of derivative financial instruments, measurements of stock-based compensation, assets and obligations related to employee benefits, lease termination liabilities, restructuring costs, and income tax uncertainties and other contingencies. Management believes that the estimates used in the preparation of the consolidated financial statements are reasonable. Although these estimates are based upon management’s best knowledge of current events and actions, actual results could differ from these estimates. Any changes in estimates are adjusted prospectively in the Company’s consolidated financial statements.
Revenue from Contract with Customer [Policy Text Block]	Revenue On April 1, 2018, 606, 606 606 five 5 Consistent with the modified retrospective method of adoption, the Company has not
Lessee, Leases [Policy Text Block]	Leases On January 1, 2019, 842, , 842 . 840. We determine if an arrangement is a lease at inception. Operating leases are included in right-of-use (“ROU”) assets, current maturity of operating lease liabilities, and operating lease liabilities in our consolidated balance sheets. Finance leases are included in property plant and equipment, long-term debt, accrued expenses and other current liabilities in our consolidated balance sheets. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of remaining lease payments over the balance lease term. As most of our leases do not may We have lease agreements with lease and non-lease components, which are generally accounted for separately.
Business Combinations Policy [Policy Text Block]	Business Combinations The Company accounts for business combinations under the acquisition method of accounting in accordance with ASC 805,
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill and Intangible Assets Goodwill was recorded at fair value at acquisition date and not first not" Intangible assets acquired in a business combination were recorded at fair value at acquisition date using generally accepted valuation methods appropriate for the type of intangible asset. Intangible assets with definite lives are amortized over the estimated useful lives and are reviewed for impairment at least annually, or more frequently if indicators of impairment arise.
Foreign Currency Transactions and Translations Policy [Policy Text Block]	Foreign Currency Matters The Company has operations in Argentina and its functional currency has historically been the Argentine Peso. The Company monitors inflation rates in countries in which it operates as required by US GAAP. Under ASC 830 10 45 12, three 100%. In May 2018, April 2018. May 2018, three 100%. Therefore, the Company has considered Argentina to be highly inflationary beginning on July 1, 2018. 830, not
Share-based Payment Arrangement [Policy Text Block]	Stock-Based Compensation We recognize expense related to all share-based payments to employees, including grants of employee stock options, based on the grant-date fair values amortized straight-line over the period during which the employees are required to provide services in exchange for the equity instruments. We include an estimate of forfeitures when calculating compensation expense. We use the Black-Scholes method for valuing stock-based awards. See Note 11,
Common Stock Warrant Accounting, Policy [Policy Text Block]	Common Stock Warrant Accounting We account for common stock warrants as equity instruments, based on the specific terms of our warrant agreement. For more information refer to Note 11,
New Accounting Pronouncements, Policy [Policy Text Block]	Recent Accounting Pronouncements In August 2018, 2018 14, Compensation-Retirement Benefits-Defined Benefit Plans-General (Subtopic 715 20 2018 14” no No. 2018 14 December 15, 2020. No. 2018 14 In June 2016, Financial Instruments - Credit Losses (Topic 326 , Measurement of Credit Losses on Financial Instruments. December 15, 2019, December 15, 2018, not In August 2018, No. 2018 13, January 1, 2020, 2020.

Note 3 - Business Acquisitions

Note 3 - Business Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Amount Stock consideration (number of shares outstanding immediately prior the closing date) 16,226,392 Closing share price on July 20, 2018 $ 6.81 Total allocable purchase price $ 110,502 Amount Cash and cash equivalents $ 1,496 Other current assets 46,094 Property, plant and equipment, net 15,930 Identifiable intangible assets 28,960 Goodwill 64,337 Other non-current assets 3,204 Current liabilities (22,540 ) Non-current liabilities (26,979 ) Preliminary purchase price $ 110,502

Note 4 - Goodwill and Intangi_2

Note 4 - Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Goodwill [Table Text Block]	Reporting Units Amount Aegis 162,168 StarTek 64,337 Ending balance, June 30, 2019 $ 226,505 Amount Opening balance, December 31, 2018 $ 225,450 Measurement period adjustments 1,055 Ending balance, June 30, 2019 $ 226,505
Schedule of Finite-Lived Intangible Assets [Table Text Block]	Gross Intangibles Accumulated Amortization Net Intangibles Weighted Average Amortization Period (years) Customer relationships $ 65,050 $ 7,796 $ 57,254 6.5 Brand 49,500 5,885 43,615 7.1 Trademarks 14,410 910 13,500 7.5 Other intangibles 2,100 443 1,657 4.9 $ 131,060 $ 15,034 $ 116,026
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Years Ending December 31, Amount Remainder of 2019 $ 5,084 2020 10,277 2021 10,277 2022 10,277 2023 10,236 Thereafter 69,875

Note 5 - Revenue (Tables)

Note 5 - Revenue (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Disaggregation of Revenue [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, Vertical: 2019 2018 2019 2018 Telecom 64,421 58,412 130,245 124,761 E-commerce & Consumer 24,375 7,950 48,719 16,063 Financial & Business Services 13,245 12,941 26,565 28,182 Media & Cable 23,587 2,691 45,344 6,008 Travel & Hospitality 17,375 13,366 33,889 27,007 Healthcare & Education 8,352 2,301 18,881 4,945 Technology, IT & Related Services 3,458 1,346 5,896 2,822 All other segments 6,470 11,216 12,886 15,530 Gross Revenue 161,283 110,223 322,425 225,318 Less: Warrant Contra Revenue (730 ) - (730 ) - Net Revenue $ 160,553 $ 110,223 $ 321,695 $ 225,318

Note 6 - Net Loss Per Share (Ta

Note 6 - Net Loss Per Share (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 Anti-dilutive securities: Stock options 2,628 - 2,628 -

Note 7 - Restructuring and Ot_2

Note 7 - Restructuring and Other Merger Related Cost (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Restructuring and Related Costs [Table Text Block]	Employee related Facilities related Total Balance as of December 31, 2018 $ 760 $ 2,267 $ 3,027 Accruals/(reversals) 1,742 97 1,839 Payments (1,685 ) (1,406 ) (3,091 ) Balance as of June 30, 2019 $ 817 $ 958 $ 1,775

Note 8 - Derivative Instrumen_2

Note 8 - Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]	Local Currency Notional Amount U.S. Dollar Notional Amount Philippine Peso 2,764,000,014 52,227,335 $ 52,227,335
Schedule of Derivative Instruments [Table Text Block]	Derivatives not designated under ASC 815 For the Three Months Ended June 30, 2019 For the Three Months Ended June 30, 2018 For the Six Months Ended June 30, 2019 For the Six Months Ended June 30, 2018 Foreign currency forward contracts $ 342 $ - $ 315 $ - Interest rate swap $ (405 ) $ (14 ) $ (630 ) $ (14 )

Note 9 - Fair Value Measureme_2

Note 9 - Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	As of June 30, 2019 Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts $ — $ 1,812 $ — $ 1,812 Total fair value of assets measured on a recurring basis $ — $ 1,812 $ — $ 1,812 Liabilities: Interest rate swap $ — $ 665 $ — $ 665 Foreign exchange contracts $ — $ 100 $ — $ 100 Total fair value of liabilities measured on a recurring basis $ — $ 765 $ — $ 765 As of December 31, 2018 Level 1 Level 2 Level 3 Total Assets: Foreign exchange contracts $ — $ 1,388 $ — $ 1,388 Total fair value of assets measured on a recurring basis $ — $ 1,388 $ — $ 1,388 Liabilities: Interest rate swap $ — $ 31 $ — $ 31 Foreign exchange contracts $ — $ 276 $ — $ 276 Total fair value of liabilities measured on a recurring basis $ — $ 307 $ — $ 307

Note 10 - Debt (Tables)

Note 10 - Debt (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	June 30, 2019 December 31, 2018 Short term debt and current portion of long term debt Working capital facilities $ 28,295 $ 21,975 Term loan 14,000 9,800 Finance lease obligations 1,074 1,816 Total $ 43,369 $ 33,591 Long term debt Term loan, net of debt issuance costs $ 112,810 $ 120,462 Equipment loan 1,796 - Secured revolving credit facility 33,921 31,152 Finance lease obligations 199 486 Total $ 148,726 $ 152,100
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Years Amount 2019 5,600 2020 16,800 2021 21,000 2022 88,200 $ 131,600

Note 12 - Accumulated Other C_2

Note 12 - Accumulated Other Comprehensive Loss (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Comprehensive Income (Loss) [Table Text Block]	Foreign Currency Translation Adjustment Derivatives Accounted for as Cash Flow Hedges Defined Benefit Plan Equity attributable to Startek shareholders Non- controlling interests Total Balance at December 31, 2018 $ (3,989 ) $ (15 ) $ (1,543 ) $ (5,547 ) $ (1,243 ) $ (6,790 ) Foreign currency translation 599 - - 599 - 599 Unrealized losses - 348 - 348 - 348 Pension remeasurement - - (34 ) (34 ) (25 ) (59 ) Balance at June 30, 2019 $ (3,390 ) $ 333 $ (1,577 ) $ (4,634 ) $ (1,268 ) $ (5,902 )

Note 13 - Segment and Geograp_2

Note 13 - Segment and Geographical Information (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, For the Six Months Ended June 30, 2019 2018 2019 2018 Revenue: India 27,074 33,382 54,421 66,316 Middle East 34,216 29,741 65,334 61,989 Malaysia 16,117 13,862 33,196 28,352 Argentina 10,203 15,675 21,314 32,018 United States 24,437 - 54,181 - Australia 6,599 8,627 13,956 18,435 Philippines 20,617 - 33,426 - Rest of World 21,290 8,936 45,867 18,208 Total $ 160,553 $ 110,223 $ 321,695 $ 225,318 As on As on Property, plant and equipment, net: India 12,121 13,287 Middle East 5,509 6,507 Malaysia 4,803 5,058 Argentina 1,401 1,341 United States 4,461 5,349 Australia 272 345 Philippines 1,987 2,835 Rest of World 9,084 7,520 Total $ 39,638 $ 42,242

Note 14 - Leases (Tables)

Note 14 - Leases (Tables)	6 Months Ended
	Jun. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	Six months ended June 30, 2019 Operating lease cost $ 15,441 Finance lease cost: Amortization of right-of-use assets 985 Interest on lease liabilities 43 Total finance lease cost 1,028 Six months ended June 30, 2019 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases 15,235 Operating cash flow from finance leases 43 Financing cash flows from finance leases 1,251 Right-of-use assets obtained in exchange for lease obligations: Operating leases 72,079 Finance lease -
Assets And Liabilities, Lessee [Table Text Block]	As of June 30, 2019 Operating Leases Operating lease right-of-use assets $ 72,079 Operating Lease Liablities-Current 22,000 Operating Lease Liablities-Non-Current 51,400 Total operating lease liabilities $ 73,400 Finance Leases Property and equipment, at cost 11,364 Accumulated depreciation (9,323 ) Property and equipment, at net $ 2,041 Finance Lease Obligation-Current 1,074 Finance Lease Obligation-Non Current 199 Total finance lease liabilities $ 1,273 As of June 30, 2019 Weighted average remaining lease term Operating leases 4.19 yrs Finance leases 2.83 yrs Weighted average discount rate Operating leases 7.50 % Finance leases 6.01 %
Finance Lease, Liability, Maturity [Table Text Block]	Operating leases Finance leases Year ending December, 31 Remaining of 2019 $ 26,264 $ 886 2020 19,245 362 2021 12,298 63 2022 9,710 8 2023 6,601 - Thereafter 11,810 - Total lease payments $ 85,928 $ 1,319 Less imputed interest (12,528 ) (46 ) Total $ 73,400 $ 1,273

Note 1 - Overview and Basis o_2

Note 1 - Overview and Basis of Preparation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	May 17, 2019	Dec. 13, 2018	Jul. 20, 2018	Jun. 30, 2019	Dec. 31, 2018	Jan. 23, 2018
Common Stock, Par or Stated Value Per Share				$ 0.01	$ 0.01	$ 0.01
The 2019 Equity Offering [Member]
Sale of Stock, Number of Shares Issued in Transaction	692,520
Common Stock [Member] | Aegis Stockholder [Member] | The 2018 Equity Offering [Member]
Sale of Stock, Percentage of Ownership after Transaction		56.00%
Aegis [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			16,226,392
Business Acquisition, Share Price			$ 6.81
Aegis [Member] | Common Stock [Member]
Business Acquisition, Share Price			$ 12
Payments to Acquire Businesses, Gross			$ 2,000
Aegis [Member] | Common Stock [Member] | Aegis Stockholder [Member]
Sale of Stock, Percentage of Ownership after Transaction			55.00%
Aegis Stockholder [Member] | The 2018 Equity Offering [Member]
Sale of Stock, Number of Shares Issued in Transaction		368,098
Sale of Stock, Price Per Share		$ 6.52
Sale of Stock, Consideration Received on Transaction		$ 2,400
Aegis Stockholder [Member] | The 2019 Equity Offering [Member]
Sale of Stock, Number of Shares Issued in Transaction	100,267
Sale of Stock, Price Per Share	$ 7.48
Sale of Stock, Consideration Received on Transaction	$ 5,180
Aegis Stockholder [Member] | Aegis [Member]
Common Stock, Par or Stated Value Per Share			$ 0.01
Aegis Stockholder [Member] | Aegis [Member] | Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares			20,600,000
Business Acquisition, Equity Interests Issued or Issuable, Number of Additional Shares Issued			166,667
Common Stock, Ownership By Investor, Shares	21,235,032		20,766,667

Note 3 - Business Acquisition_2

Note 3 - Business Acquisitions (Details Textual) - Aegis [Member] - USD ($) $ / shares in Units, $ in Thousands	Jul. 20, 2018	May 17, 2019
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	16,226,392
Business Acquisition, Share Price	$ 6.81
Common Stock [Member]
Business Acquisition, Share Price	$ 12
Payments to Acquire Businesses, Gross	$ 2,000
Common Stock [Member] | Aegis Stockholder [Member]
Sale of Stock, Percentage of Ownership after Transaction	55.00%
Aegis Stockholder [Member] | Common Stock [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares	20,600,000
Business Acquisition, Equity Interests Issued or Issuable, Number of Additional Shares Issued	166,667
Common Stock, Ownership By Investor, Shares	20,766,667	21,235,032

Note 3 - Business Acquisition_3

Note 3 - Business Acquisitions - Fair Value of Assets Acquired and Liabilities Assumed (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 20, 2018	Jun. 30, 2019	Dec. 31, 2018
Goodwill		$ 226,505	$ 225,450
Aegis [Member]
Stock consideration (number of shares outstanding immediately prior the closing date) (in shares)	16,226,392
Closing share price on July 20, 2018 (in dollars per share)	$ 6.81
Total allocable purchase price	$ 110,502
Cash and cash equivalents	1,496
Other current assets	46,094
Property, plant and equipment, net	15,930
Identifiable intangible assets	28,960
Goodwill	64,337
Other non-current assets	3,204
Current liabilities	(22,540)
Non-current liabilities	(26,979)
Preliminary purchase price	$ 110,502

Note 4 - Goodwill and Intangi_3

Note 4 - Goodwill and Intangible Assets (Details Textual) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Goodwill, Ending Balance	$ 226,505	$ 225,450
Goodwill Impairment Analysis, Period for Which Revenue, Operating Margins and Cash Flows Are Projected	5 years

Note 4 - Goodwill and Intangi_4

Note 4 - Goodwill and Intangible Assets - Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Goodwill	$ 226,505
Goodwill	225,450
Measurement period adjustments	1,055
Goodwill	226,505
Aegis [Member]
Goodwill	162,168
Goodwill	162,168
StarTek [Member]
Goodwill	64,337
Goodwill	$ 64,337

Note 4 - Goodwill and Intangi_5

Note 4 - Goodwill and Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2019	Dec. 31, 2018
Gross Intangibles	$ 131,060
Accumulated Amortization	15,034
Net Intangibles	$ 116,026	$ 121,336
Weighted Average Amortization Period (Year)
Customer Relationships [Member]
Gross Intangibles	$ 65,050
Accumulated Amortization	7,796
Net Intangibles	$ 57,254
Weighted Average Amortization Period (Year)	6 years 182 days
Customer-Related Intangible Assets [Member]
Gross Intangibles	$ 49,500
Accumulated Amortization	5,885
Net Intangibles	$ 43,615
Weighted Average Amortization Period (Year)	7 years 36 days
Trademarks [Member]
Gross Intangibles	$ 14,410
Accumulated Amortization	910
Net Intangibles	$ 13,500
Weighted Average Amortization Period (Year)	7 years 182 days
Other Intangible Assets [Member]
Gross Intangibles	$ 2,100
Accumulated Amortization	443
Net Intangibles	$ 1,657
Weighted Average Amortization Period (Year)	4 years 328 days

Note 4 - Goodwill and Intangi_6

Note 4 - Goodwill and Intangible Assets - Future Amortization Expense (Details) $ in Thousands	Jun. 30, 2019USD ($)
Remainder of 2019	$ 5,084
2020	10,277
2021	10,277
2022	10,277
2023	10,236
Thereafter	$ 69,875

Note 5 - Revenue - Disaggregate

Note 5 - Revenue - Disaggregated Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Revenue	$ 161,283	$ 110,223	$ 322,425	$ 225,318
Less: Warrant Contra Revenue	(730)		(730)
Net Revenue	160,553	110,223	321,695	225,318
Communications [Member]
Revenue	64,421	58,412	130,245	124,761
E-Commerce and Consumer [Member]
Revenue	24,375	7,950	48,719	16,063
Financial and Business Service [Member]
Revenue	13,245	12,941	26,565	28,182
Media [Member]
Revenue	23,587	2,691	45,344	6,008
Travel and Hospitality [Member]
Revenue	17,375	13,366	33,889	27,007
Health Care and Education [Member]
Revenue	8,352	2,301	18,881	4,945
Technology, IT and Related Service [Member]
Revenue	3,458	1,346	5,896	2,822
Other Sector [Member]
Revenue	$ 6,470	$ 11,216	$ 12,886	$ 15,530

Note 6 - Net Loss Per Share - S

Note 6 - Net Loss Per Share - Summary of Anti-dilutive Securities (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Share-based Payment Arrangement, Option [Member]
Stock options (in shares)	2,628		2,628

Note 7 - Restructuring and Ot_3

Note 7 - Restructuring and Other Merger Related Cost (Details Textual) $ in Thousands	Jun. 30, 2019USD ($)
Employee Severance [Member] | Aegis Transaction Agreement [Member]
Restructuring and Related Cost, Expected Cost Remaining	$ 673
Employee Severance [Member] | Closure of Site in Argentina [Member]
Restructuring and Related Cost, Expected Cost Remaining	144
Facility Closing [Member] | Aegis Transaction Agreement [Member]
Restructuring and Related Cost, Expected Cost Remaining	849
Facility Closing [Member] | Closure of Site in Argentina [Member]
Restructuring and Related Cost, Expected Cost Remaining	$ 109

Note 7 - Restructuring and Ot_4

Note 7 - Restructuring and Other Merger Related Cost - Restructuring and Related Costs (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Beginning balance	$ 3,027
Accruals/(reversals)	1,839
Payments	(3,091)
Ending balance	1,775
Employee Severance [Member]
Beginning balance	760
Accruals/(reversals)	1,742
Payments	(1,685)
Ending balance	817
Facility Closing [Member]
Beginning balance	2,267
Accruals/(reversals)	97
Payments	(1,406)
Ending balance	$ 958

Note 8 - Derivative Instrumen_3

Note 8 - Derivative Instruments (Details Textual)	6 Months Ended
	Jun. 30, 2019
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Minimum [Member]
Derivative, Term of Contract	90 days
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member] | Maximum [Member]
Derivative, Term of Contract	1 year
Foreign Exchange Forward [Member] | Maximum [Member] | Not Designated as Hedging Instrument [Member]
Derivative, Term of Contract	3 years

Note 8 - Derivative Instrumen_4

Note 8 - Derivative Instruments - Summary of Notional Amounts of Outstanding Derivative Positions (Details) - Jun. 30, 2019 ₱ in Thousands, $ in Thousands	PHP (₱)	USD ($)
Derivative, Notional Amount		$ 52,227,335
Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member] | Philippine Foreign Exchange Contract [Member]
Derivative, Notional Amount	₱ 2,764,000,014	$ 52,227,335

Note 8 - Derivative Instrumen_5

Note 8 - Derivative Instruments - Summary of Non-designated Hedges (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018
Realized gains and losses	$ (405)	$ (14)	$ (630)	$ (14)
Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member]
Realized gains and losses	$ 342		$ 315

Note 9 - Fair Value Measureme_3

Note 9 - Fair Value Measurements - Assets and Liabilities Measured At Fair Value On a Recurring Basis (Details) - Fair Value, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Total fair value of assets measured on a recurring basis	$ 1,812	$ 1,388
Total fair value of liabilities measured on a recurring basis	765	307
Foreign Exchange Contract [Member]
Derivate asset	1,812	1,388
Derivate liability	100	276
Interest Rate Swap [Member]
Derivate liability	665	31
Fair Value, Inputs, Level 1 [Member]
Total fair value of assets measured on a recurring basis
Total fair value of liabilities measured on a recurring basis
Fair Value, Inputs, Level 1 [Member] | Foreign Exchange Contract [Member]
Derivate asset
Derivate liability
Fair Value, Inputs, Level 1 [Member] | Interest Rate Swap [Member]
Derivate liability
Fair Value, Inputs, Level 2 [Member]
Total fair value of assets measured on a recurring basis	1,812	1,388
Total fair value of liabilities measured on a recurring basis	765	307
Fair Value, Inputs, Level 2 [Member] | Foreign Exchange Contract [Member]
Derivate asset	1,812	1,388
Derivate liability	100	276
Fair Value, Inputs, Level 2 [Member] | Interest Rate Swap [Member]
Derivate liability	665	31
Fair Value, Inputs, Level 3 [Member]
Total fair value of assets measured on a recurring basis
Total fair value of liabilities measured on a recurring basis
Fair Value, Inputs, Level 3 [Member] | Foreign Exchange Contract [Member]
Derivate asset
Derivate liability
Fair Value, Inputs, Level 3 [Member] | Interest Rate Swap [Member]
Derivate liability

Note 10 - Debt (Details Textual

Note 10 - Debt (Details Textual) - USD ($) $ in Thousands	Dec. 27, 2018	Oct. 27, 2017	Jun. 30, 2019	Dec. 31, 2018
Short-term Debt, Total			$ 28,295	$ 21,975
Revolving Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity			50,000
Line of Credit Facility, Additional Borrowing Capacity			70,000
Line of Credit Facility, Incremental Borrowing Amount			5,000
Long-term Line of Credit, Noncurrent			$ 5,000
Line of Credit Facility, Borrowing Base, Accounts Receivable Percentage			95.00%
Long-term Line of Credit, Total			$ 33,900
Line of Credit Facility, Remaining Borrowing Capacity			8,460
Long-term Debt, Gross			3,010
Loans Payable [Member]
Debt Instrument, Face Amount		$ 140,000
Debt Instrument, Term		5 years
Debt Issuance Costs, Net, Total			7,300
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net, Total			$ 4,800
Loans Payable [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		4.50%
Secured Debt [Member]
Debt Instrument, Face Amount	$ 1,790
Debt Instrument, Interest Rate, Stated Percentage	7.57%
Debt Instrument, Convertible, Remaining Discount Amortization Period	2 years 182 days
Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate			1.50%
Minimum [Member] | Loans Payable [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		3.75%
Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Debt Instrument, Basis Spread on Variable Rate			1.75%
Maximum [Member] | Loans Payable [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate		4.50%
Line of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity			$ 33,600
Short-term Debt, Total			$ 28,300
Line of Credit [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate			3.00%
Line of Credit [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate			4.50%

Note 10 - Debt - Summary of Deb

Note 10 - Debt - Summary of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Total short term debt	$ 43,369	$ 33,591
Total long term debt	148,726	152,100
Loans Payable [Member]
Total short term debt	14,000	9,800
Total long term debt	112,810	120,462
Capital Lease Obligations [Member]
Total short term debt	1,074	1,816
Total long term debt	199	486
Commercial Loan [Member]
Total long term debt	1,796
Line of Credit [Member]
Total long term debt	33,921	31,152
Working Capital Facilities [Member]
Total short term debt	$ 28,295	$ 21,975

Note 10 - Debt - Principal Paym

Note 10 - Debt - Principal Payments Due on Term Loan (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
	$ 148,726	$ 152,100
Loans Payable [Member]
2019	5,600
2020	16,800
2021	21,000
2022	88,200
	$ 131,600

Note 11 - Share-based Compens_2

Note 11 - Share-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Jan. 23, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	May 17, 2019	Dec. 31, 2018
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01		$ 0.01			$ 0.01
Warrant Contra Revenue		$ 730		$ 730
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Option, Cost Not yet Recognized, Amount		$ 1,544		$ 1,544
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition				2 years 14 days
Selling, General and Administrative Expenses [Member]
Share-based Payment Arrangement, Expense				$ 781
Amazon Transaction Agreement [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	4,000,000					4,002,964
Class of Warrant or Right, Vested During Period	425,532			212,766
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Expected Proceeds from Transaction Required for Vesting	$ 600,000
Class of Warrant or Right, Exercise Price of Warrants or Rights	$ 9.96					$ 9.95
Warrant Contra Revenue				$ 730

Note 12 - Accumulated Other C_3

Note 12 - Accumulated Other Comprehensive Loss - Summary of Accumulated Other Comprehensive Loss (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Balance	$ (3,989)
Foreign currency translation	599
Unrealized losses
Pension remeasurement
Balance	(3,390)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent [Member]
Balance	(15)
Foreign currency translation
Unrealized losses	348
Pension remeasurement
Balance	333
Accumulated Defined Benefit Plans Adjustment Attributable to Parent [Member]
Balance	(1,543)
Foreign currency translation
Unrealized losses
Pension remeasurement	(34)
Balance	(1,577)
AOCI Attributable to Parent [Member]
Balance	(5,547)
Foreign currency translation	599
Unrealized losses	348
Pension remeasurement	(34)
Balance	(4,634)
AOCI Attributable to Noncontrolling Interest [Member]
Balance	(1,243)
Foreign currency translation
Unrealized losses
Pension remeasurement	(25)
Balance	(1,268)
AOCI Including Portion Attributable to Noncontrolling Interest [Member]
Balance	(6,790)
Foreign currency translation	599
Unrealized losses	348
Pension remeasurement	(59)
Balance	$ (5,902)

Note 13 - Segment and Geograp_3

Note 13 - Segment and Geographical Information (Details Textual)	6 Months Ended
	Jun. 30, 2019
Number of Reporting Units	2
Number of Reportable Segments	1
Number of Operating Segments	1

Note 13 - Segment and Geograp_4

Note 13 - Segment and Geographical Information - Summary of Segment Reporting Information, By Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Dec. 31, 2018
Net Revenue	$ 160,553	$ 110,223	$ 321,695	$ 225,318
Property, plant and equipment, net	39,638		39,638		$ 42,242
INDIA
Net Revenue	27,074	33,382	54,421	66,316
Property, plant and equipment, net	12,121		12,121		13,287
Middle East [Member]
Net Revenue	34,216	29,741	65,334	61,989
Property, plant and equipment, net	5,509		5,509		6,507
MYANMAR
Property, plant and equipment, net	4,803		4,803
Malaysia 1[Member]
Net Revenue	16,117	13,862	33,196	28,352
Property, plant and equipment, net					5,058
ARGENTINA
Net Revenue	10,203	15,675	21,314	32,018
Property, plant and equipment, net	1,401		1,401		1,341
UNITED STATES
Net Revenue	24,437		54,181
Property, plant and equipment, net	4,461		4,461		5,349
AUSTRALIA
Net Revenue	6,599	8,627	13,956	18,435
Property, plant and equipment, net	272		272		345
PHILIPPINES
Net Revenue	20,617		33,426
Property, plant and equipment, net	1,987		1,987		2,835
Rest of World [Member]
Net Revenue	21,290	$ 8,936	45,867	$ 18,208
Property, plant and equipment, net	$ 9,084		$ 9,084		$ 7,520

Note 14 - Leases (Details Textu

Note 14 - Leases (Details Textual)	6 Months Ended
	Jun. 30, 2019
Lessee, Lease, Termination Period	1 year
Minimum [Member]
Lease, Remaining Lease Term	1 year
Lessee, Lease, Renewal Term	3 years
Maximum [Member]
Lease, Remaining Lease Term	10 years
Lessee, Lease, Renewal Term	5 years

Note 14 - Leases - Components o

Note 14 - Leases - Components of Lease Expense (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2019USD ($)
Operating lease cost	$ 15,441
Amortization of right-of-use assets	985
Interest on lease liabilities	43
Total finance lease cost	1,028
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	15,235
Operating cash flow from finance leases	43
Financing cash flows from finance leases	1,251
Right-of-use assets obtained in exchange for lease obligations:
Operating leases	72,079
Finance lease

Note 14 - Leases - Supplemental

Note 14 - Leases - Supplemental Balance Sheet Information (Details) - USD ($) $ in Thousands	Jun. 30, 2019	Dec. 31, 2018
Operating Leases
Operating lease right-of-use assets	$ 72,079
Operating Lease Liablities-Current	22,000
Operating Lease Liablities-Non-Current	51,400
Total operating lease liabilities	73,400
Finance Leases
Property and equipment, at cost	11,364
Accumulated depreciation	(9,323)
Property and equipment, at net	2,041
Finance Lease Obligation-Current	1,074	$ 1,816
Finance Lease Obligation-Non Current	199
Total finance lease liabilities	$ 1,273
Weighted average remaining lease term
Operating leases (Year)	4 years 69 days
Finance leases (Year)	2 years 302 days
Weighted average discount rate
Operating leases	7.50%
Finance leases	6.01%

Note 14 - Leases - Maturities o

Note 14 - Leases - Maturities of Lease Liabilities (Details) $ in Thousands	Jun. 30, 2019USD ($)
Remaining of 2019, Operating leases	$ 26,264
Remaining of 2019, Finance leases	886
2020, Operating leases	19,245
2020, Finance leases	362
2021, Operating leases	12,298
2021, Finance leases	63
2022, Operating leases	9,710
2022, Finance leases	8
2023, Operating leases	6,601
2023, Finance leases
Thereafter, Operating leases	11,810
Thereafter, Finance leases
Total lease payments, Operating leases	85,928
Total lease payments, Finance leases	1,319
Less imputed interest, Operating leases	(12,528)
Less imputed interest, Finance leases	(46)
Total, Operating leases	73,400
Total, Finance leases	$ 1,273