WEX (WEX) 10-Q 9 Aug 17 2017 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2017	Aug. 01, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	WEX Inc.
Trading Symbol	WEX
Entity Central Index Key	1,309,108
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		42,904,381

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 219,001	$ 190,930
Accounts receivable (net of allowances of $26,758 in 2017 and $20,092 in 2016)	2,455,015	2,054,701
Securitized accounts receivable, restricted	121,964	97,417
Income taxes receivable	9,038	10,765
Available-for-sale securities	23,653	23,525
Property, equipment and capitalized software (net of accumulated depreciation of $251,074 in 2017 and $228,336 in 2016)	177,399	167,278
Deferred income taxes, net	8,146	6,934
Goodwill	1,808,192	1,838,441
Other intangible assets (net of accumulated amortization of $334,394 in 2017 and $254,142 in 2016)	1,192,093	1,265,468
Other assets	329,250	341,638
Total assets	6,343,751	5,997,097
Liabilities and Stockholders’ Equity
Accounts payable	727,587	617,118
Accrued expenses	330,835	331,579
Deposits	1,122,671	1,118,823
Securitized debt	104,525	84,323
Revolving line of credit facilities and term loans, net	1,740,201	1,599,291
Deferred income taxes, net	134,594	152,906
Notes outstanding, net	395,902	395,534
Other debt	149,063	125,755
Amounts due under tax receivable agreement	41,403	47,302
Other liabilities	17,329	18,719
Total liabilities	4,764,110	4,491,350
Commitments and contingencies (Note 11)
Stockholders’ Equity
Common stock $0.01 par value; 175,000 shares authorized; 47,343 shares issued in 2017 and 47,173 in 2016; 42,915 shares outstanding in 2017 and 42,841 in 2016	473	472
Additional paid-in capital	552,733	547,627
Non-controlling interest	8,324	8,558
Retained earnings	1,291,022	1,244,271
Accumulated other comprehensive loss	(100,569)	(122,839)
Treasury stock at cost; 4,428 shares in 2017 and 2016	(172,342)	(172,342)
Total stockholders’ equity	1,579,641	1,505,747
Total liabilities and stockholders’ equity	$ 6,343,751	$ 5,997,097

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accounts receivable, reserve for credit losses	$ 26,758	$ 20,092
Property, equipment and capitalized software, accumulated depreciation	251,074	228,336
Accumulated amortization of intangible assets	$ 334,394	$ 254,142
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	175,000,000	175,000,000
Common stock, shares issued (in shares)	47,343,000	47,173,000
Common stock, shares outstanding (in shares)	42,915,000	42,841,000
Treasury stock, shares (in shares)	4,428,000	4,428,000

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues
Payment processing revenue	$ 141,354	$ 126,080	$ 277,732	$ 237,136
Account servicing revenue	65,677	47,433	127,216	91,955
Finance fee revenue	42,085	32,704	85,457	56,210
Other revenue	54,768	27,719	104,836	54,563
Total revenues	303,884	233,936	595,241	439,864
Expenses
Salary and other personnel	85,811	66,662	169,396	130,072
Restructuring	1,676	3,506	2,160	5,095
Service fees	37,351	45,924	74,101	82,683
Provision for credit losses	16,082	6,443	28,313	10,360
Technology leasing and support	14,101	10,932	26,617	22,008
Occupancy and equipment	6,459	6,113	12,826	11,825
Depreciation and amortization	49,961	23,109	99,199	45,373
Operating interest expense	4,464	1,505	9,312	2,891
Cost of hardware and equipment sold	1,098	665	2,127	1,570
Impairment charge	16,175	0	16,175	0
Other expenses	23,125	17,442	46,682	35,225
Total operating expenses	256,303	182,301	486,908	347,102
Operating income	47,581	51,635	108,333	92,762
Financing interest expense	(28,547)	(30,418)	(55,695)	(51,976)
Net foreign currency gain (loss)	10,525	(4,823)	18,967	11,301
Net unrealized loss on interest rate swap agreements	(2,264)	0	(699)	0
Net realized and unrealized gain on fuel price derivatives	0	0	0	711
Income before income taxes	27,295	16,394	70,906	52,798
Income taxes	10,655	4,482	25,190	17,665
Net income	16,640	11,912	45,716	35,133
Less: Net loss from non-controlling interest	(450)	(655)	(775)	(520)
Net earnings attributable to shareholders	$ 17,090	$ 12,567	$ 46,491	$ 35,653
Net earnings attributable to WEX Inc. per share:
Basic (in dollars per share)	$ 0.40	$ 0.32	$ 1.08	$ 0.92
Diluted (in dollars per share)	$ 0.40	$ 0.32	$ 1.08	$ 0.92
Weighted average common shares outstanding:
Basic (in shares)	43,002	38,806	42,937	38,781
Diluted (in shares)	43,060	38,857	43,090	38,850

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 16,640	$ 11,912	$ 45,716	$ 35,133
Changes in available-for-sale securities, net of tax expense of $60 and $63 for the three months ended June 30, 2017 and 2016 and $61 and $160 for the six months ended June 30, 2017 and 2016, respectively	106	107	109	271
Foreign currency translation	6,082	(11,479)	22,702	(705)
Comprehensive income	22,828	540	68,527	34,699
Less: Comprehensive gain (loss) attributable to non-controlling interest	49	(976)	(234)	(385)
Comprehensive income attributable to WEX Inc.	$ 22,779	$ 1,516	$ 68,761	$ 35,084

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Changes in available-for-sale securities, tax effect	$ 60	$ 63	$ 61	$ 160

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) - USD ($) shares in Thousands, $ in Thousands		Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Loss	Treasury Stock	Retained Earnings	Non-Controlling Interest
Beginning Balance (in shares) at Dec. 31, 2015			38,746
Beginning balance at Dec. 31, 2015		$ 1,095,681	$ 431	$ 174,972	$ (103,451)	$ (172,342)	$ 1,183,634	$ 12,437
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued upon exercise of stock options (in shares)			7
Stock issued upon exercise of stock options		93		93
Tax expense from stock option and restricted stock units		(692)		(692)
Stock issued upon vesting of restricted and deferred stock units (in shares)			61
Stock issued upon vesting of restricted and deferred stock units		0
Stock-based compensation, net of share repurchases for tax withholdings		6,970		6,970
Changes in available-for-sale securities, net of tax expense of $61 and $160 for the six months ended June 30, 2017 and 2016, respectively		271			271
Foreign currency translation		(705)			(840)			135
Net income (loss)		35,133					35,653	(520)
Ending Balance (in shares) at Jun. 30, 2016			38,814
Ending balance at Jun. 30, 2016		1,136,751	$ 431	181,343	(104,020)	(172,342)	1,219,287	12,052
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Cumulative-effect adjustment	[1]	260					260
Beginning Balance (in shares) at Dec. 31, 2016			42,841
Beginning balance at Dec. 31, 2016		1,505,747	$ 472	547,627	(122,839)	(172,342)	1,244,271	8,558
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stock issued upon exercise of stock options (in shares)			9
Stock issued upon exercise of stock options		431		431
Stock issued upon vesting of restricted and deferred stock units (in shares)			65
Stock issued upon vesting of restricted and deferred stock units		0	$ 1	(1)
Stock-based compensation, net of share repurchases for tax withholdings		4,676		4,676
Changes in available-for-sale securities, net of tax expense of $61 and $160 for the six months ended June 30, 2017 and 2016, respectively		109			109
Foreign currency translation		22,702			22,161			541
Net income (loss)		45,716					46,491	(775)
Ending Balance (in shares) at Jun. 30, 2017			42,915
Ending balance at Jun. 30, 2017		$ 1,579,641	$ 473	$ 552,733	$ (100,569)	$ (172,342)	$ 1,291,022	$ 8,324
[1]	Impact of modified retrospective transition as part of the Company's ASU 2016-09 adoption to recognize previously disallowed excess tax benefits that increased a net operating loss.

CONDENSED CONSOLIDATED STATEME8

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Unaudited) (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Statement of Stockholders' Equity [Abstract]
Changes in available-for-sale securities, tax effect	$ 61	$ 160

CONDENSED CONSOLIDATED STATEME9

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Cash flows from operating activities
Net income	$ 45,716	$ 35,133
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Net unrealized loss (gain)	4,457	(14,745)
Stock-based compensation	13,871	9,113
Depreciation and amortization	99,199	45,373
Debt issuance cost amortization	4,163	1,543
Provision for deferred taxes	14,924	15,251
Provision for credit losses	28,313	10,360
Impairment charge	16,175	0
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable	(423,854)	(383,831)
Other assets	(3,350)	12,166
Accounts payable	111,251	166,850
Accrued expenses	3,322	64,026
Income taxes	1,458	(15,059)
Other liabilities	(1,665)	2,408
Amounts due under tax receivable agreement	(5,899)	(5,364)
Net cash used for operating activities	(91,919)	(56,776)
Cash flows from investing activities
Purchases of property, equipment and capitalized software	(37,480)	(35,742)
Purchases of available-for-sale securities	(230)	(5,596)
Maturities of available-for-sale securities	272	183
Net cash used for investing activities	(37,438)	(41,155)
Cash flows from financing activities
Repurchase of share-based awards to satisfy tax withholdings	(9,194)	(2,143)
Proceeds from stock option exercises	431	93
Net change in deposits	2,631	66,994
Net activity on other debt	22,980	10,845
Net borrowings on revolving line of credit facility	148,223	76,754
Repayments on term loans	(17,375)	(13,750)
Net change in securitized debt	13,662	(10,154)
Net cash provided by financing activities	161,358	128,639
Effect of exchange rate changes on cash and cash equivalents	(3,930)	7,150
Net change in cash and cash equivalents	28,071	37,858
Cash and cash equivalents, beginning of period	190,930	279,989
Cash and cash equivalents, end of period	$ 219,001	$ 317,847

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	1. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by GAAP for complete financial statements. However, except as disclosed herein, there have been no material changes to the information disclosed in the notes to the consolidated financial statements included in the Annual Report on Form 10-K of WEX Inc. for the year ended December 31, 2016 . These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 , filed with the SEC on March 6, 2017 . In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results for any future periods or the year ending December 31, 2017 . The Company rounds amounts in the unaudited condensed consolidated financial statements to thousands and calculates all per-share data from underlying whole-dollar amounts. Thus, certain amounts may not recalculate based on reported numbers due to rounding.

New Accounting Standards

New Accounting Standards	6 Months Ended
	Jun. 30, 2017
Accounting Changes and Error Corrections [Abstract]
New Accounting Standards	2. New Accounting Standards Adopted During the Six Months Ended June 30, 2017 Effective January 1, 2017, the Company adopted ASU 2016-09, which simplifies several aspects of accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, statutory tax withholding requirements, and classification in the statement of cash flows. Prior to the adoption of this guidance, the Company recognized the net excess tax benefits of vested or settled awards in additional paid-in capital. This standard requires prospective recognition of all the tax effects related to share-based payments in the income statement. The impact of adoption was recorded as a $260 cumulative effect adjustment to Retained earnings. For the six months ended June 30, 2017, the Company recognized approximately $1,600 of excess tax benefits within our income tax provision, which would have been recognized in additional paid-in-capital under previous guidance. For the three months ended June 30, 2017, the amount of excess tax benefits recognized was not material. The Company has elected to prospectively classify these excess tax benefits as cash flows from operating activities effective January 1, 2017. The Company will continue to estimate the number of awards expected to vest, rather than electing to account for forfeitures as they occur. Adoption of this standard is not anticipated to impact the Company's minimum statutory tax withholding practices. Not Yet Adopted In May 2017, the FASB issued ASU 2017-09, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. Under the new guidance, an entity will not apply modification accounting to a share-based payment award if there is no change to the award’s fair value, vesting conditions and classification as an equity or liability instrument. The guidance is effective prospectively for all companies for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact the standard will have on the consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09 ("Topic 606"), which will supersede most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Topic 606 does not apply to rights or obligations associated with financial instruments (e.g. interest income), including the Company’s finance fee and interest income from banking relationships and cardholders. As such, approximately 14 percent of consolidated revenues for the period ended December 31, 2016 will not be impacted by Topic 606. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014-09. Those clarifications, along with the guidance under Topic 606 support the conclusion that timing and measurement of revenue associated with the Company’s transaction processing services, including discount and interchange and other transaction processing fees, or approximately 48 percent of consolidated revenues for the period ended December 31, 2016, will likely remain substantially unchanged under the new standard. The Company is in the process of assessing the remaining revenue streams that fall within the scope of this new standard. Included in this assessment is confirming principal vs. agent determinations, reviewing commission structure and applying the series guidance to the Company's revenue streams. Under the new guidance certain costs to obtain a contract, such as sales commissions are to be capitalized and amortized over the life of the contract, with a practical expedient available for contracts under one year in duration. Sales commissions that were expensed were approximately $20,000 for the year ended December 31, 2016. On July 9, 2015, the FASB voted to defer the effective date of ASU 2014-09 by one year to interim and annual reporting periods beginning after December 15, 2017, and permitted early adoption of the standard, but not for periods beginning on or before the original effective date of January 1, 2017. The Company is not electing early adoption and as a result the standard will become effective on January 1, 2018. The guidance permits two methods of adoption: full retrospective approach, which requires an entity to restate each prior period that is reported in the financial statements and modified retrospective approach, which requires a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company currently anticipates adopting the standard using the modified retrospective method.

Business Acquisition

Business Acquisition	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Business Acquisition	3. Business Acquisition EFS On July 1, 2016, the Company acquired all of the outstanding membership interests of EFS, a provider of customized payment solutions for fleet and corporate customers with a focus on the large and mid-sized over-the-road fleets. The acquisition will enable the Company to expand its customer footprint and to utilize EFS' technology to better serve the needs of all fleet customers. In consideration for the acquisition of EFS, the Company issued 4,012 shares of its common stock valued at approximately $355,000 based on the July 1, 2016 closing price of the Company's common stock on the NYSE. This represented approximately 9.4 percent of the Company's outstanding common stock after giving effect to the issuance of the new shares in connection with this acquisition. The cash consideration for the transaction totaled approximately $1,182,000 , and was funded with amounts received under the 2016 Credit Agreement described further in Note 7 , Financing and Other Debt. The value of the total cash and stock consideration paid for the acquisition of EFS was approximately $1,444,000 , net of $93,000 in cash acquired. The Company recorded adjustments to the assets acquired and liabilities assumed throughout the one year measurement period. The Company obtained information to assist in determining the fair values of certain assets acquired and liabilities assumed throughout this period, resulting in the recording of other intangible assets and goodwill as described below. Goodwill is calculated as the consideration in excess of net assets recognized and represents the future economic benefits arising from other assets acquired that could not be individually identified and separately recognized, including synergies derived from the acquisition. The tax structure of EFS consists of limited liability companies and corporations. The Company’s tax election will allow a step-up in tax basis related to its 49.5 percent direct ownership in the parent limited liability company. The remaining 50.5 percent ownership in the parent limited liability company is held by another limited liability company, taxed as a corporation, that is part of the EFS structure and will therefore receive carry over tax basis. The difference between book and tax basis resulting from receiving carry over tax basis has been reflected in the financial statements as an investment in partnership deferred tax liability. The Company estimates that approximately $557,000 of the goodwill recognized in this business combination will be deductible for income tax purposes. The following represents the components and final allocation of the purchase price: As Reported December 31, 2016 Measurement Period Adjustments As Reported June 30, 2017 Total consideration, net of cash acquired $ 1,444,235 $ — $ 1,444,235 Less: Accounts receivable 162,684 — 162,684 Property and equipment 2,387 1 2,388 Customer relationships (a)(b) 842,700 (1,300 ) 841,400 Developed technologies (a)(c) 32,120 — 32,120 Trademarks and trade names (a)(d) 13,700 — 13,700 Deferred income tax assets 34,992 6,352 41,344 Other assets — 739 739 Accounts payable (153,777 ) 248 (153,529 ) Accrued expenses (128,267 ) 9,361 (118,906 ) Deferred income tax liabilities (91,194 ) 28,071 (63,123 ) Recorded goodwill (a) $ 728,890 $ (43,472 ) $ 685,418 (a) Approximately $1,235,331 in goodwill and other intangible assets recorded from this business combination were allocated to our Fleet Solutions segment; the remaining $337,307 was allocated to our Travel and Corporate Solutions segment. (b) Weighted average life – 8.1 years . (c) Weighted average life – 2.0 years . (d) Weighted average life – 7.7 years . At June 30, 2017 , estimated amortization expense related to the definite-lived intangible assets listed above for each of the next five fiscal years and thereafter is as follows: Remaining 2017 $ 42,688 2018 $ 80,987 2019 $ 74,548 2020 $ 68,685 2021 $ 60,654 2022 $ 53,537 Thereafter $ 427,408 The pro forma financial information presented below includes the effects of the EFS acquisition as if it had been consummated on January 1, 2015. These pro forma results have been calculated after applying the Company's accounting policies and adjusting results to reflect the intangible amortization and interest expense associated with the 2016 Credit Agreement used to fund the acquisition and related income tax results assuming they were applied and incurred since January 1, 2015. As a result, $1,829 and $6,594 in transaction costs, which are directly attributable to the acquisition, have been excluded from pro forma results for the three and six months ended June 30, 2016. The pro forma results of operations do not include any cost savings or other synergies that may result from the acquisition or any estimated integration costs that have been or will be incurred by the Company. Accordingly, the following pro forma information is not necessarily indicative of either the future results of operations or results that would have been achieved if the acquisition had taken place at the beginning of 2015. The operations of EFS contributed revenues of approximately $45,246 and $88,621 and net loss before taxes of approximately $8,809 and $20,012 for the three and six months ended June 30, 2017, respectively, to the Company's unaudited condensed consolidated statement of income. The following represents unaudited pro forma operational results as if the acquisition had occurred January 1, 2015: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Total revenues $ 270,987 $ 511,284 Net earnings attributable to shareholders $ 2,279 $ 20,612 Net income attributable to shareholders per share: Basic $ 0.05 $ 0.48 Diluted $ 0.05 $ 0.48

Reserves for Accounts Receivabl

Reserves for Accounts Receivable	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Reserves for Accounts Receivable	4. Reserves for Accounts Receivable In general, the Company’s trade receivables provide for payment terms of 30 days or less. Receivables not paid within the terms of the customer agreement are generally subject to late fees based upon the outstanding customer receivable balance. The Company extends revolving credit to certain small fleet customers. These accounts are also subject to late fees and balances that are not paid in full are subject to interest charges based on the revolving balance. The Company had approximately $8,400 and $3,400 in receivables with revolving credit balances as of June 30, 2017 and December 31, 2016 , respectively. The portfolio of receivables consists of a large group of homogeneous smaller balance amounts that are collectively evaluated for impairment. Receivables are generally written off when they are 150 days past due or upon declaration of bankruptcy by the customer. The reserve for credit losses is calculated by an analytic model that also takes into account other factors, such as the actual charge-offs for the preceding reporting periods, expected charge-offs and recoveries for the subsequent reporting periods, a review of past due accounts receivable balances, changes in customer payment patterns, known fraudulent activity in the portfolio, as well as leading economic and market indicators. As of June 30, 2017 , approximately 96 percent of the outstanding balance of total trade accounts receivable was current and approximately 97 percent of the outstanding balance of total trade accounts receivable was less than 60 days past due. As of June 30, 2016 , approximately 92 percent of the outstanding balance of total trade accounts receivable was current and approximately 98 percent of the outstanding balance was less than 60 days past due. The outstanding balance is made up of receivables from a wide range of industries. One customer represented 11 percent of the outstanding receivables balance as of both June 30, 2017 and December 31, 2016 . The following table presents changes in reserves for accounts receivable: Six Months Ended June 30, 2017 2016 Balance, beginning of year $ 20,092 $ 13,832 Provision for credit losses 28,313 10,360 Charges to other accounts 7,779 — Charge-offs (33,050 ) (13,681 ) Recoveries of amounts previously charged-off 3,349 2,476 Currency translation 275 77 Balance, end of period $ 26,758 $ 13,064

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Earnings per Share	5. Earnings per Share Basic earnings per share is computed by dividing net earnings attributable to shareholders by the weighted average number of shares of common stock and vested deferred stock units outstanding during the year. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive options, the assumed issuance of unvested restricted stock units and deferred stock units, and unvested performance-based restricted stock units for which the performance condition has been met as of the date of determination using the treasury stock method unless the effect is anti-dilutive. The treasury stock method assumes that proceeds, including cash received from the exercise of employee stock options and the total unrecognized compensation expense for unvested share-based compensation awards, would be used to purchase the Company's common stock at the average market price during the period. Prior to the January 2017 adoption of ASU 2016-09, the treasury stock method also included excess tax benefits in its proceeds calculation. The following is a reconciliation of the income and share data used in the basic and diluted earnings per share computations: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net earnings attributable to shareholders $ 17,090 $ 12,567 $ 46,491 $ 35,653 Weighted average common shares outstanding – Basic 43,002 38,806 42,937 38,781 Dilutive impact of share-based compensation awards 58 51 153 69 Weighted average common shares outstanding – Diluted 43,060 38,857 43,090 38,850 For the three and six months ended June 30, 2017 and June 30, 2016 , an immaterial number of outstanding share-based awards were excluded from the computation of diluted earnings per share because the effect of including these awards would be anti-dilutive.

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	6. Derivative Instruments The Company is exposed to certain market risks relating to its ongoing business operations. From time to time, the Company enters into derivative instrument arrangements to manage various risks including interest rate risk, foreign exchange risk and commodity price risk. None of these derivative instruments qualify for hedge accounting treatment. Interest Rate Swap Agreements In November 2016 , the Company entered into three forward-fixed interest rate swap agreements to manage the interest rate risk associated with the Company's outstanding variable-interest rate borrowings. Under these swap agreements, the Company receives variable interest of 1-month LIBOR and pays fixed rates between 0.896% to 1.125% , reducing a portion of the variability of the future interest payments associated with $800,000 of the Company's borrowings. The notional amounts, fixed and variable interest rates and maturities of the interest rate swap agreements are as follows: Tranche A Tranche B Tranche C Notional amount $400,000 $150,000 $250,000 Amortization 5% annually N/A N/A Maturity date December 31, 2020 December 31, 2020 December 31, 2018 Fixed interest rate 1.108% 1.125% 0.896% See Note 9 , Fair Value for more information regarding the valuation of the Company's interest rate swaps. Foreign Currency Exchange Program The Company utilizes a limited foreign currency exchange hedging program, entering into short-term foreign currency swaps to convert the foreign currency exposures of certain foreign currency denominated intercompany loans and investments to the base currency. The Company will continue to monitor its foreign currency exposure for discrete items and may, from time to time, hedge certain foreign currency transactions. The following table summarizes the contracts related to foreign currency swaps, which settle in the base currency at various dates within 5 days after quarter-end: Aggregate Notional Amount June 30, 2017 2016 Australian dollar A$ 15,000 A$ — Norwegian Krone NOK 28,000 NOK The amount of gains and losses associated with these foreign currency swaps were not material for the three and six months ended June 30, 2017 and June 30, 2016 . Fuel Derivatives Program In prior years, the Company entered into put and call option contracts related to the Company’s commodity price risk. These put and call option contracts, or fuel price derivative instruments, were designed to reduce the volatility of the Company’s cash flows associated with its fuel price-related earnings exposure in North America. During the fourth quarter of 2014, the Company suspended purchases under its fuel derivatives program due to unusually low prices in the commodities market. During the first quarter of 2016, the Company held fuel price sensitive derivative instruments to hedge approximately 20 percent of its anticipated U.S. fuel-price related earnings exposure based on assumptions at time of purchase and all of these positions were settled as of March 31, 2016. The Company is no longer hedged for changes in fuel prices. Management will continue to monitor the fuel price market and evaluate its alternatives as it relates to this hedging program. Consolidated Derivative Instruments The following table presents information on the location and fair value of asset derivatives recorded in the unaudited condensed consolidated balance sheets: Derivatives Not Designated as Hedging Instruments Balance Sheet Location June 30, 2017 December 31, 2016 Interest rate swaps Other assets $ 12,209 $ 12,908 Given that the Company's commodity contracts and interest rate swap agreements are not designated as hedging instruments, changes in the fair value of these instruments, which represent unrealized gains and losses, are recognized in the unaudited condensed consolidated statements of income. The following table presents information on the amounts of derivative gains and losses and the locations in the unaudited condensed consolidated statements of income: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Commodity contracts Net realized and unrealized gain on fuel price derivatives $ — $ — $ — $ 711 Interest rate swap agreements - unrealized portion Net unrealized loss on interest rate swap agreements $ (2,264 ) $ — $ (699 ) $ — Interest rate swap agreements - realized portion Financing interest expense $ (77 ) $ — $ (620 ) $ —

Financing and Other Debt

Financing and Other Debt	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Financing and Other Debt	7. Financing and Other Debt 2016 Credit Agreement On July 1, 2016 , the Company entered into the 2016 Credit Agreement, which replaced the 2014 Credit Agreement. The 2016 Credit Agreement provides for term loan facilities and a secured revolving credit facility, with a sublimit for letters of credit and swingline loans. Under this agreement, $925,000 matures on July 1, 2021 and $1,200,000 matures on July 1, 2023. Prior to maturity, amounts under the credit facility will be reduced by mandatory payments. Additional loans may be made available under the 2016 Credit Agreement upon request of the Company subject to specified terms and conditions, including receipt of lender commitments. Proceeds from the 2016 Credit Agreement may be used for working capital purposes, acquisitions, payment of dividends and other restricted payments, refinancing of indebtedness and other general corporate purposes. As of June 30, 2017 , the Company had $154,805 of borrowings against its $470,000 secured revolving credit facility, or approximately $315,000 of availability under the 2016 Credit Agreement, subject to the covenants as described below. The outstanding debt under the 2016 Credit Agreement amortizing term loans totaled $1,620,250 at June 30, 2017 . As of June 30, 2017 and December 31, 2016 , amounts outstanding under the 2016 Credit Agreement bore a weighted average effective interest rate of 4.8 percent and 4.2 percent , respectively. As of both June 30, 2017 and December 31, 2016 , the Company has posted approximately $13,000 in letters of credit as collateral for lease agreements and virtual card and fuel payment processing activity at its foreign subsidiaries. Amounts outstanding under the 2016 Credit Agreement bear interest at a rate equal to, at the Company’s option, (a) the Eurocurrency Rate, as defined in the 2016 Credit Agreement, plus a margin of between 1.75% to 3.25% ( 3.25% at June 30, 2017 ) with respect to the tranche A term loan facility and the revolving credit facility and between 3.25% to 3.50% ( 3.50% at June 30, 2017 ) with respect to the tranche B term loan facility (with the Eurocurrency Rate subject to a 0.75% floor in the case of the tranche B term loan facility and a 0.0% floor in the case of the tranche A term loan and revolving credit facility), in each case, based on the ratio of consolidated funded indebtedness less up to $350,000 in permitted securitization transactions of the Company and its subsidiaries to consolidated EBITDA or (b) the highest of (i) the Federal Funds Rate plus 0.50% , (ii) the prime rate announced by Bank of America, and (iii) the Eurocurrency Rate plus 1.00% , in each case plus a margin of 0.75% to 2.25% ( 2.25% at June 30, 2017 ) with respect to the tranche A term loan facility and the revolving credit facility or 2.25% to 2.50% ( 2.50% at June 30, 2017 ) with respect to the tranche B term loan facility, in each case, based on the ratio of consolidated funded indebtedness less up to $350,000 in permitted securitization transactions of the Company and its subsidiaries to consolidated EBITDA. In November 2016, the Company entered into three interest rate swap agreements to manage the interest rate risk associated with its outstanding variable-interest rate borrowings under the 2016 Credit Agreement. See Note 6 , Derivative Instruments, for further discussion. In addition, the Company has agreed to pay a quarterly commitment fee at a rate per annum ranging from 0.30% to 0.50% ( 0.50% at June 30, 2017 ) based on the ratio of consolidated funded indebtedness less up to $350,000 in permitted securitization transactions of the Company and its subsidiaries to consolidated EBITDA of the daily unused portion of the 2016 Credit Agreement. The tranche B term loan facility was issued with an original issue discount of 1.00% . On July 3, 2017, the Company repriced the secured term loans under the 2016 Credit Agreement. See Note 16 , Subsequent Event, for further discussion. Debt Covenants As more fully described in the Company's Annual Report on Form 10-K for the year ended December 31, 2016 , the 2016 Credit Agreement and the Indenture contain covenants that limit the Company's and its subsidiaries' ability to (i) incur additional debt, (ii) pay dividends or make other distributions on, redeem or repurchase capital stock, or make investments or other restricted payments, (iii) enter into transactions with affiliates, (iv) dispose of assets or issue stock of restricted subsidiaries or regulated subsidiaries, (v) create liens on assets, or (vi) effect a consolidation or merger or sell all, or substantially all, of the Company’s assets. As of June 30, 2017 , the Company was in compliance with all material covenants of its 2016 Credit Agreement and the Indenture. $400 Million Notes Outstanding On January 30, 2013, the Company completed a $400,000 offering in an aggregate principal amount of 4.750 percent senior notes due February 1, 2023, with interest payable semiannually. See Note 9 , Fair Value, for additional information. Borrowed Federal Funds WEX Bank borrows from lines of credit on a federal funds rate basis to supplement the financing of its accounts receivable. The Company's federal funds lines of credit were $250,000 as of June 30, 2017 and December 31, 2016 , with no outstanding balance as of June 30, 2017 . WEX Brazil Debt WEX Brazil had debt of approximately $14,063 and $30,755 as of June 30, 2017 and December 31, 2016 , respectively. This was composed of credit facilities and loan arrangements related to its accounts receivable, with various maturity dates. The average interest rate was 22.9 percent and 19.7 percent as of June 30, 2017 and December 31, 2016 , respectively. This debt is recorded in Other debt on the Company’s unaudited condensed consolidated balance sheets for the periods presented. Participation Debt WEX Bank maintains agreements with third-party banks to fund customer balances that exceed WEX Bank's lending limit to an individual customer. These agreements were amended during the second quarter of 2017 to increase the funding capacity by $40,000 to $135,000 . Associated borrowings carry a variable interest rate of 1 to 3-month LIBOR plus a margin of 225 basis points. The balance of the debt was $135,000 and $95,000 at June 30, 2017 and December 31, 2016 respectively, and was secured by an interest in the underlying customer receivables. The balance will fluctuate on a daily basis based on customer funding needs. The balance will mature in amounts of $85,000 and $50,000 on May 30, 2018 and December 31, 2021, respectively. This debt is recorded in Other debt on the Company’s unaudited condensed consolidated balance sheets for the periods presented. Australian Securitization Facility During the second quarter of 2017, the Company extended an existing securitized debt agreement with the Bank of Tokyo-Mitsubishi UFJ, Ltd through April 2018. Under the terms of the agreement, each month, on a revolving basis, the Company sells certain of its Australian receivables to the Company's Australian Securitization Subsidiary. The Australian Securitization Subsidiary, in turn, uses the receivables as collateral to issue asset-backed commercial paper ("securitized debt") for approximately 85 percent of the securitized receivables. The amount collected on the securitized receivables is restricted to pay the securitized debt and is not available for general corporate purposes. The Company pays a variable interest rate on the outstanding balance of the securitized debt, based on the Australian Bank Bill Rate plus an applicable margin. The interest rate was 2.70 percent and 2.65 percent as of June 30, 2017 and December 31, 2016 , respectively. The Company had $85,127 and $78,592 of securitized debt under this facility as of June 30, 2017 and December 31, 2016 , respectively. European Securitization Facility On April 7, 2016, the Company entered into a five year securitized debt agreement with the Bank of Tokyo-Mitsubishi UFJ, Ltd. Under the terms of the agreement, the Company sells certain of its receivables from selected European countries to its European Securitization Subsidiary. The European Securitization Subsidiary, in turn, uses the receivables as collateral to issue securitized debt. The amount collected on the securitized receivables is restricted to pay the securitized debt and is not available for general corporate purposes. The amounts of receivables to be securitized under this agreement will be determined by management on a monthly basis. The interest rate was 0.35 percent and 0.95 percent as of June 30, 2017 and December 31, 2016 , respectively. The Company had $19,398 and $5,731 of securitized debt under this facility as of June 30, 2017 and December 31, 2016 , respectively. Debt Issuance Costs The following table presents the Company's net debt issuance costs: June 30, 2017 December 31, 2016 Revolving line of credit facility and term loans $ 34,854 $ 38,334 Notes outstanding $ 4,098 $ 4,466

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Fair Value	9. Fair Value The Company holds mortgage-backed securities, fixed-income securities, derivatives (see Note 6 , Derivative Instruments) and certain other financial instruments which are carried at fair value. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as model pricing, when market quotes are not readily accessible or available. Various factors are considered in determining the fair value of the Company’s obligations, including: closing exchange or over-the-counter market price quotations; time value and volatility factors underlying options and derivatives; price activity for equivalent instruments; and the Company’s own credit standing. These valuation techniques may be based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: • Level 1 – Quoted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 – Instruments whose significant value drivers are unobservable. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. We did not have any transfers between Level 1 and Level 2 of the fair value hierarchy during either of the three or six months ended June 30, 2017 or June 30, 2016 . The following table presents the Company’s assets that are measured at fair value and the related hierarchy levels: Fair Value Hierarchy June 30, 2017 December 31, 2016 Assets: Municipal bonds 2 $ 596 $ 682 Asset-backed securities 2 514 648 Mortgage-backed securities 2 484 490 Fixed-income mutual fund 1 22,059 21,705 Available-for-sale securities $ 23,653 $ 23,525 Executive deferred compensation plan trust (a) 1 $ 6,271 $ 5,673 Interest rate swaps (a) 2 $ 12,209 $ 12,908 (a) The fair value of these instruments is recorded in Other assets. Available-For-Sale Securities When available, the Company uses quoted market prices to determine the fair value of available-for-sale securities; such inputs are classified as Level 1 of the fair-value hierarchy. These securities primarily consist of an open-ended mutual fund which is invested in fixed-income securities and is held in order to satisfy the regulatory requirements of WEX Bank. For mortgage-backed and asset-backed debt securities and municipal bonds, the Company generally uses quoted prices for recent trading activity of assets with similar characteristics to the debt security or bond being valued. The securities and bonds priced using such methods are generally valued using Level 2 inputs. Executive Deferred Compensation Plan Trust The obligations related to the deferred compensation plan trust are classified as Level 1 in the fair value hierarchy because the fair value is determined using quoted prices for identical instruments in active markets. Interest Rate Swaps The Company determines the fair value of its interest rate swaps based on the discounted cash flows of the difference between the projected fixed payments on the swaps and the implied floating payments using the current LIBOR curve, which are Level 2 inputs of the fair value hierarchy. $400 Million Notes Outstanding Not considering unamortized loan origination fees, the Notes outstanding have a carrying value of $400,000 at each of June 30, 2017 and December 31, 2016 , and a fair value of $403,000 and $390,000 as of June 30, 2017 and December 31, 2016 , respectively. The fair value is based on market rates for the issuance of our debt. The Company determined the fair value of its Notes outstanding is classified as Level 2 in the fair value hierarchy. Debt The Company determines the fair value of the amount outstanding under its 2016 Credit Facility based on the market rates for the issuance of the Company's debt, which are Level 2 inputs in the fair value hierarchy. As of both June 30, 2017 and December 31, 2016 , the carrying value of the 2016 Credit Facility approximated its fair value.

Off-Balance Sheet Arrangements

Off-Balance Sheet Arrangements	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Off-Balance Sheet Arrangements	8. Off-Balance Sheet Arrangements WEX Europe Services Accounts Receivable Factoring During the first quarter of 2017 , WEX Europe Services ("WES") entered into a factoring arrangement with an unrelated third-party financial institution (the "Purchasing Bank") to sell certain of its accounts receivable in order to accelerate the collection of the Company's cash and reduce internal costs, thereby improving liquidity. Under this arrangement, the Purchasing Bank establishes a credit limit for each customer account. The factored receivables are without recourse to the extent that the customer balances are maintained at or below the established credit limit. For customer receivable balances in excess of the Purchasing Bank's credit limit, the Company maintains the risk of default. The Purchasing Bank is deemed the purchaser of these receivables and is entitled to enforce payment of these amounts from the debtor. Additionally, there are no indications of the Company's continuing involvement in the factored receivables. As further substantiation for the treatment of these receivables, we obtained a true sale opinion from an independent attorney, which states that the factoring agreement creates a sale of receivables both below and above the established credit limits under local law. This factoring arrangement is accounted for as a sale and accordingly the Company records the receivables sold as a reduction of accounts receivable and proceeds as cash provided by operating activities. The Company sold approximately $171,000 and $224,000 of receivables under this arrangement during three and six months ended June 30, 2017 , respectively. Proceeds received are recorded net of applicable expenses, interest and commissions. This resulted in a loss on factoring of $1,250 and $1,450 for the three and six months ended June 30, 2017 , respectively, which was recorded in Other expenses in the unaudited condensed consolidated statement of income. As of June 30, 2017 , the Company had associated factoring receivables of approximately $26,800 , of which less than $100 were in excess of the established credit limit. There were no charge-backs on balances in excess of the credit limit during the three and six months ended June 30, 2017 . Brazil Accounts Receivable Factoring During the first quarter of 2017 , WEX Brazil entered into a factoring agreement to sell certain unsecured receivables, without recourse, to an unrelated third-party financial institution. Under the terms of the agreement, the Company retains no rights or interest and has no obligations with respect to the receivables. As such, the factoring under this arrangement is accounted for as a sale. The Company sold $8,300 of receivables during the three months ended June 30, 2017 and $16,300 receivables during the six months ended June 30, 2017 . This resulted in a loss on factoring of $400 for the three months ended June 30, 2017 and a loss on factoring of $800 for the six months ended June 30, 2017 , which was recorded in Other expenses in the unaudited condensed consolidated statement of income. The Company records receivables sold under this agreement as a reduction of accounts receivable and proceeds as cash provided by operating activities.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes The Company's effective tax rate was 39.0 percent for the second quarter of 2017 as compared to 27.3 percent for the second quarter of 2016 . The increase in our effective tax rate was primarily due to adjustments relating to certain European tax returns in the second quarter of 2017 and the absence of several discrete tax benefits recorded during the second quarter of 2016 . The Company's effective tax rate was 35.5 percent for the first half of 2017 as compared to 33.5 percent for the first half of 2016. The increase in our effective tax rate was primarily due to adjustments relating to certain European tax returns in the first half of 2017 and the absence of several discrete tax benefits recorded during the first half of 2016. These unfavorable factors were partly offset by the $1,600 tax effect of excess tax benefits related to share-based payments recorded in the income statement in the first half of 2017. See Note 2, New Accounting Standards for more information. Undistributed earnings of certain foreign subsidiaries of the Company amounted to $36,184 and $25,824 at June 30, 2017 and December 31, 2016 , respectively. These earnings are considered to be indefinitely reinvested, and accordingly, no U.S. federal and state income taxes have been provided thereon. Upon distribution of these earnings in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to an adjustment for foreign tax credits) and withholding taxes payable to the various foreign countries. The Company has determined that the amount of taxes attributable to these undistributed earnings is not practicably determinable.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Litigation On August 11, 2016, the Company was sued in the Circuit Court of St. Charles County, Missouri, in a putative class action alleging the Company improperly sent unauthorized facsimile advertisements in violation of the Telephone Consumer Protection Act, 47 U.S.C. § 227 (the “TCPA”). The named plaintiff seeks to represent a nationwide class of recipients of unauthorized facsimile advertisements from the Company (collectively, the "Plaintiffs") and requests statutory damages for each facsimile advertisement. The Plaintiffs further allege that the opt-out notice of the faxes did not meet the criteria set forth in the TCPA or its underlying regulations. The Company removed the case to the United States District Court for the Eastern District of Missouri on September 15, 2016. On October 14, 2016, the Company filed an answer denying liability and stating the facsimile advertisement at issue was sent by FleetOne, LLC, Company’s wholly-owned subsidiary. On May 10, 2017, the parties agreed to a settlement in principle to resolve the class claims, contingent on court approval. The expected settlement amount is not material to the Company's unaudited condensed consolidated financial position, results of operations, cash flows or liquidity. The Company is involved in other pending litigation in the ordinary course of business. In the opinion of management, such litigation will not have a material adverse effect on the Company’s unaudited condensed consolidated financial position, results of operations or cash flows. Commitments Significant commitments and contingencies as of June 30, 2017 are consistent with those discussed in Note 18, Commitments and Contingencies to the consolidated financial statements in the Annual Report on Form 10-K for the year ended December 31, 2016 .

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	12. Stock-Based Compensation The fair value of restricted stock units, deferred stock units, performance-based restricted stock units, performance-based stock options and service-based stock options awarded during the three and six months ended June 30, 2017 totaled $17,186 and $45,341 , respectively, as compared to $1,391 and $25,927 for the three and six months ended June 30, 2016 . Stock Options Performance-Based Stock Options In May 2017, the Company granted performance-based stock options with a contractual term of ten years to members of senior management. The options contain a market condition that begins operating on the third anniversary of the grant date, requiring the closing price of the Company's stock to meet or exceed certain price thresholds for twenty consecutive trading days (“Stock Price Hurdle”) in order for shares to vest. In addition, award recipients must be continually employed from the grant date until such date that the Stock Price Hurdle is satisfied in order for shares to vest. To the extent both the service condition and the Stock Price Hurdle are not met by the end of a defined measurement period, these performance-based stock options will be canceled. The grant date fair value of these performance options was estimated on the date of the grant using a Monte-Carlo simulation model used to simulate a distribution of future stock price paths based on historical volatility levels. The table below summarizes the assumptions used to calculate the fair value: Exercise price $ 99.69 Expected stock price volatility 31.14 % Risk-free interest rate 2.18 % Weighted average fair value of performance options granted $ 28.69 The Company will expense these performance-based stock options on a graded basis over the derived service period of approximately three years regardless of whether the market condition is satisfied. Upon satisfaction of a Stock Price Hurdle, any unrecognized compensation expense for that specific tranche will be accelerated. Service-Based Stock Options On March 20, 2017, the Company approved the grant of stock options to certain officers and employees under the 2010 Equity Incentive Plan. Stock options granted generally become exercisable over three years (with approximately 33 percent of the total grant vesting each year on the anniversary of the grant date) and expire 10 years from the date of grant. The fair value of each option award is estimated on the grant date using a Black-Scholes-Merton option-pricing model and the following assumptions: March 20, 2017 Weighted average expected life (in years) 6.0 Weighted average exercise price $ 104.95 Weighted average volatility 30.67 % Weighted average risk-free rate 2.13 % Weighted average fair value $ 35.58

Impairment and Restructuring Ac

Impairment and Restructuring Activities	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Impairment and Restructuring Activities	13. Impairment and Restructuring Activities Impairment During the three months ended June 30, 2017, the Company executed a vendor contract amendment based on a strategic decision to in-source certain previously outsourced technology functions. As a result of this action, the Company determined that $16,175 of prepaid services had no future benefit and were therefore written off within the Fleet Solutions segment. Restructuring In the first quarter of 2015, the Company commenced a restructuring initiative (the "2015 Restructuring Initiative") as a result of its global review of operations. The global review of operations identified certain initiatives to further streamline the business, to improve the Company's efficiency, and to globalize the Company's operations, all with an objective to improve scale and increase profitability going forward. The Company continued its efforts to improve its overall operational efficiency and began a second restructuring initiative (the "2016 Restructuring Initiative") during the second quarter of 2016. In connection with the EFS acquisition, the Company initiated a restructuring program in the third quarter of 2016 (the "Acquisition Integration Restructuring Initiative"). The restructuring expenses related to these initiatives primarily consist of employee costs and office closure costs directly associated with the respective program. The Company has determined the amount of expenses related to these initiatives is probable and reasonably estimable. As such, the Company has recorded the impact on the unaudited condensed consolidated statements of income and in Accrued expenses on the unaudited condensed consolidated balance sheets. Restructuring charges incurred to date under these initiatives were $21,050 as of June 30, 2017 . The balances under the 2015 Restructuring Initiative and the Acquisition Integration Restructuring Initiative are expected to be paid through 2018. Amounts under the 2016 Restructuring Initiative are expected to be paid through 2017. Based on current plans, which are subject to change, the Company expects to incur an additional $450 in restructuring costs related to the 2015 Restructuring Initiative and $200 in restructuring costs related to the 2016 Restructuring Initiative. The following table presents the Company's 2015 Restructuring Initiative liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 5,231 $ 8,506 $ 5,231 $ 7,249 Restructuring charges 1,223 — 1,533 1,589 Cash paid (2,488 ) (1,478 ) (2,836 ) (2,125 ) Liability transfer to 2016 Restructuring Initiative (1,158 ) — (1,158 ) — Impact of foreign currency translation 200 57 238 372 Balance, end of period $ 3,008 $ 7,085 $ 3,008 $ 7,085 The following table presents the Company’s 2016 Restructuring Initiative liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 3,202 $ — $ 3,662 $ — Restructuring charges 219 3,506 219 3,506 Reserve release — — (533 ) — Cash paid (487 ) — (487 ) — Liability transfer from 2015 Restructuring Initiative 1,158 — 1,158 — Impact of foreign currency translation 250 (18 ) 323 (18 ) Balance, end of period $ 4,342 $ 3,488 $ 4,342 $ 3,488 The following table presents the Company’s Acquisition Integration Restructuring Initiative liability: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Balance, beginning of period $ 2,139 $ 1,764 Restructuring charges 234 941 Cash paid (889 ) (1,479 ) Other (151 ) 107 Balance, end of period $ 1,333 $ 1,333 The following table presents the Company's total restructuring liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 10,572 $ 8,506 $ 10,657 $ 7,249 Restructuring charges 1,676 3,506 2,693 5,095 Reserve release — — (533 ) — Cash paid (3,864 ) (1,478 ) (4,802 ) (2,125 ) Other (151 ) — 107 — Impact of foreign currency translation 450 39 561 354 Balance, end of period $ 8,683 $ 10,573 $ 8,683 $ 10,573

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Segment Information	14. Segment Information Operating segments are defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. The operating segments are aggregated into the three reportable segments described below. • Fleet Solutions provides customers with payment and transaction processing services specifically designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. • Travel and Corporate Solutions focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. • Health and Employee Benefit Solutions provides healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The Company’s CODM evaluates the operating results of the Company’s operating and reportable segments based upon revenues and pre-tax adjusted income which adjusts income before income taxes to exclude unrealized gains and losses on derivatives, net foreign currency remeasurement gains and losses, acquisition and divestiture related items, including ticking fees incurred on the commitment of funds to finance the acquisition of EFS and acquisition-related intangible amortization, stock-based compensation and restructuring and other costs. In addition, for the second quarter of 2017, we have excluded an impairment charge related to the insourcing of certain technology functions from a third party. Beginning in the third quarter of 2016, pre-tax adjusted income excluded debt issuance cost amortization. For comparative purposes, pre-tax adjusted income for the prior periods has been adjusted to reflect the exclusion of this item. The following tables present the Company’s reportable segment results on an pre-tax adjusted income basis: Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Three Months Ended June 30, 2017 Payment processing revenue $ 87,678 $ 40,276 $ 13,400 $ 141,354 Account servicing revenue 41,311 167 24,199 65,677 Finance fee revenue 36,552 159 5,374 42,085 Other revenue 34,763 14,398 5,607 54,768 Total revenues $ 200,304 $ 55,000 $ 48,580 $ 303,884 Operating interest expense $ 2,071 $ 2,073 $ 320 $ 4,464 Depreciation and amortization $ 36,370 $ 3,222 $ 10,369 $ 49,961 Pre-tax adjusted income $ 54,596 $ 25,501 $ 5,486 $ 85,583 Three Months Ended June 30, 2016 Payment processing revenue $ 70,711 $ 43,194 $ 12,175 $ 126,080 Account servicing revenue 27,548 337 19,548 47,433 Finance fee revenue 30,674 145 1,885 32,704 Other revenue 15,027 9,660 3,032 27,719 Total revenues $ 143,960 $ 53,336 $ 36,640 $ 233,936 Operating interest expense $ 379 $ 611 $ 515 $ 1,505 Depreciation and amortization $ 14,147 $ 761 $ 8,201 $ 23,109 Pre-tax adjusted income $ 38,267 $ 23,200 $ 5,631 $ 67,098 Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Six Months Ended June 30, 2017 Payment processing revenue $ 173,940 $ 75,151 $ 28,641 $ 277,732 Account servicing revenue 77,380 322 49,514 127,216 Finance fee revenue 72,981 382 12,094 85,457 Other revenue 66,826 26,858 11,152 104,836 Total revenues $ 391,127 $ 102,713 $ 101,401 $ 595,241 Operating interest expense $ 3,395 $ 3,639 $ 2,278 $ 9,312 Depreciation and amortization $ 72,438 $ 6,260 $ 20,501 $ 99,199 Pre-tax adjusted income $ 105,828 $ 47,909 $ 15,722 $ 169,459 Six Months Ended June 30, 2016 Payment processing revenue $ 133,001 $ 77,820 $ 26,315 $ 237,136 Account servicing revenue 52,986 610 38,359 91,955 Finance fee revenue 52,611 221 3,378 56,210 Other revenue 26,436 19,827 8,300 54,563 Total revenues $ 265,034 $ 98,478 $ 76,352 $ 439,864 Operating interest expense $ 801 $ 1,163 $ 927 $ 2,891 Depreciation and amortization $ 27,755 $ 1,377 $ 16,241 $ 45,373 Pre-tax adjusted income $ 71,378 $ 43,348 $ 12,208 $ 126,934 Our segments earn interest income both from banking relationships and from cardholders. The majority of interest income from cardholders is earned on our salary payment cards offered in Brazil. The following table presents the Company's interest income by segment: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fleet Solutions $ 696 $ 701 $ 1,820 $ 1,586 Travel and Corporate Solutions 315 96 361 187 Health and Employee Benefit Solutions 5,495 1,888 12,354 3,382 Total interest income $ 6,506 $ 2,685 $ 14,535 $ 5,155 The following table reconciles income before income taxes to pre-tax adjusted income: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Income before income taxes $ 27,295 $ 16,394 $ 70,906 $ 52,798 Unrealized loss on derivative instruments 2,264 — 699 5,007 Net foreign currency remeasurement (gain) loss (10,525 ) 4,823 (18,967 ) (11,301 ) Acquisition-related ticking fees — 19,511 — 30,045 Acquisition-related intangible amortization 38,114 12,565 76,093 25,211 Other acquisition and divestiture related items 239 2,179 2,374 6,944 Stock-based compensation 7,414 4,870 13,871 9,113 Restructuring and other costs 2,398 5,985 4,145 7,574 Impairment charge 16,175 — 16,175 — Debt issuance cost amortization 2,209 771 4,163 1,543 Pre-tax adjusted income $ 85,583 $ 67,098 $ 169,459 $ 126,934

Supplementary Regulatory Capita

Supplementary Regulatory Capital Disclosure	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Supplementary Regulatory Capital Disclosure	15. Supplementary Regulatory Capital Disclosure The Company's subsidiary, WEX Bank, is subject to various regulatory capital requirements administered by the FDIC and the Utah Department of Financial Institutions. Failure to meet minimum capital requirements can initiate certain mandatory and discretionary actions by regulators that, if undertaken, could have a direct material effect on the Company’s financial statements. Under capital adequacy guidelines and the regulatory framework for prompt corrective action, WEX Bank must meet specific capital guidelines that involve quantitative measures of WEX Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. WEX Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors. Quantitative measures established by regulation to ensure capital adequacy require WEX Bank to maintain minimum amounts and ratios as defined in the regulations. As of December 31, 2016 , the most recent FDIC exam report categorized WEX Bank as “well capitalized” under the regulatory framework for prompt corrective action. There are no conditions or events subsequent to that examination report that management believes have changed WEX Bank’s capital rating. WEX Bank’s actual and regulatory minimum capital amounts and ratios are presented in the following table: Actual Amount Ratio Minimum for Capital Adequacy Purposes Amount Ratio Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio June 30, 2017 Total Capital to risk-weighted assets $ 313,045 13.26 % $ 188,931 8.0 % $ 236,164 10.0 % Tier 1 Capital to average assets $ 301,818 12.78 % $ 94,466 4.0 % $ 118,082 5.0 % Common equity to risk-weighted assets $ 301,818 13.07 % $ 103,879 4.5 % $ 150,047 6.5 % Tier 1 Capital to risk-weighted assets $ 301,818 13.07 % $ 138,505 6.0 % $ 184,673 8.0 % December 31, 2016 Total Capital to risk-weighted assets $ 228,402 12.59 % $ 145,182 8.0 % $ 181,477 10.0 % Tier 1 Capital to average assets $ 214,847 11.10 % $ 77,413 4.0 % $ 96,767 5.0 % Common equity to risk-weighted assets $ 214,847 11.84 % $ 81,665 4.5 % $ 117,961 6.5 % Tier 1 Capital to risk-weighted assets $ 214,847 11.84 % $ 108,887 6.0 % $ 145,183 8.0 %

Subsequent Event

Subsequent Event	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
Subsequent Event	16. Subsequent Event Effective July 3, 2017, the Company repriced the secured term loans under the 2016 Credit Agreement. The amendment reduces the applicable interest rate margin at current borrowing levels for both LIBOR borrowings and base rate borrowings by (i) 50 basis points for the Company's tranche A term loans and (ii) 75 basis points for the Company's tranche B term loans. The consolidated leverage ratio as defined in the credit facility (i.e. consolidated funded indebtedness to consolidated EBITDA), was also modified for purposes of calculating the interest rate margin for tranche A term loans and revolving loans and determining compliance with the financial covenant by allowing the Company to exclude up to $75 million of certain corporate cash balances for purposes of determining consolidated funded indebtedness. The applicable interest rate margin for the tranche A term loans will continue to be determined based on the Company's consolidated leverage ratio, with the interest rate margin initially set at 2.75% for LIBOR borrowings, and 1.75% for base rate borrowings. The applicable interest rate margin for the tranche B term loans will no longer be determined based on the Company's consolidated leverage ratio and will instead be set at 2.75% for LIBOR borrowings, and 1.75% for base rate borrowings. As the debt repricings are not considered substantially different, the Company applied modification accounting. We believe the majority of the approximately $3,000 of fees paid as part of the repricing will be expensed immediately as financing interest during the third quarter of 2017. Any capitalizable fees will be amortized to financing interest expense over the remaining term of the debt. No gain or loss was recognized as a result of the exchange.

New Accounting Standards (Polic

New Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. They do not include all information and notes required by GAAP for complete financial statements. However, except as disclosed herein, there have been no material changes to the information disclosed in the notes to the consolidated financial statements included in the Annual Report on Form 10-K of WEX Inc. for the year ended December 31, 2016 . These unaudited condensed consolidated financial statements should be read in conjunction with the financial statements that are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 , filed with the SEC on March 6, 2017 . In the opinion of management, all adjustments (including normal recurring accruals) considered necessary for a fair presentation have been included. Operating results for the three and six months ended June 30, 2017 are not necessarily indicative of the results for any future periods or the year ending December 31, 2017 . The Company rounds amounts in the unaudited condensed consolidated financial statements to thousands and calculates all per-share data from underlying whole-dollar amounts. Thus, certain amounts may not recalculate based on reported numbers due to rounding.
New Accounting Standards	Adopted During the Six Months Ended June 30, 2017 Effective January 1, 2017, the Company adopted ASU 2016-09, which simplifies several aspects of accounting for employee share-based payment transactions, including the accounting for income taxes, forfeitures, statutory tax withholding requirements, and classification in the statement of cash flows. Prior to the adoption of this guidance, the Company recognized the net excess tax benefits of vested or settled awards in additional paid-in capital. This standard requires prospective recognition of all the tax effects related to share-based payments in the income statement. The impact of adoption was recorded as a $260 cumulative effect adjustment to Retained earnings. For the six months ended June 30, 2017, the Company recognized approximately $1,600 of excess tax benefits within our income tax provision, which would have been recognized in additional paid-in-capital under previous guidance. For the three months ended June 30, 2017, the amount of excess tax benefits recognized was not material. The Company has elected to prospectively classify these excess tax benefits as cash flows from operating activities effective January 1, 2017. The Company will continue to estimate the number of awards expected to vest, rather than electing to account for forfeitures as they occur. Adoption of this standard is not anticipated to impact the Company's minimum statutory tax withholding practices. Not Yet Adopted In May 2017, the FASB issued ASU 2017-09, which clarifies when a change to the terms or conditions of a share-based payment award must be accounted for as a modification. Under the new guidance, an entity will not apply modification accounting to a share-based payment award if there is no change to the award’s fair value, vesting conditions and classification as an equity or liability instrument. The guidance is effective prospectively for all companies for annual periods beginning on or after December 15, 2017. Early adoption is permitted. The Company is currently evaluating the impact the standard will have on the consolidated financial statements and related disclosures. In May 2014, the FASB issued ASU 2014-09 ("Topic 606"), which will supersede most existing revenue recognition guidance under GAAP. The new revenue recognition standard requires entities to recognize revenue for the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. In addition, the standard requires disclosure of the nature, amount, timing and uncertainty of revenue and cash flows arising from contracts with customers. Topic 606 does not apply to rights or obligations associated with financial instruments (e.g. interest income), including the Company’s finance fee and interest income from banking relationships and cardholders. As such, approximately 14 percent of consolidated revenues for the period ended December 31, 2016 will not be impacted by Topic 606. The Company’s revenue from discount and interchange, transaction processing and certain fees is within the scope of Topic 606. FASB and its Transition Resource Group have issued clarifications on various aspects of ASU 2014-09. Those clarifications, along with the guidance under Topic 606 support the conclusion that timing and measurement of revenue associated with the Company’s transaction processing services, including discount and interchange and other transaction processing fees, or approximately 48 percent of consolidated revenues for the period ended December 31, 2016, will likely remain substantially unchanged under the new standard. The Company is in the process of assessing the remaining revenue streams that fall within the scope of this new standard. Included in this assessment is confirming principal vs. agent determinations, reviewing commission structure and applying the series guidance to the Company's revenue streams. Under the new guidance certain costs to obtain a contract, such as sales commissions are to be capitalized and amortized over the life of the contract, with a practical expedient available for contracts under one year in duration. Sales commissions that were expensed were approximately $20,000 for the year ended December 31, 2016. On July 9, 2015, the FASB voted to defer the effective date of ASU 2014-09 by one year to interim and annual reporting periods beginning after December 15, 2017, and permitted early adoption of the standard, but not for periods beginning on or before the original effective date of January 1, 2017. The Company is not electing early adoption and as a result the standard will become effective on January 1, 2018. The guidance permits two methods of adoption: full retrospective approach, which requires an entity to restate each prior period that is reported in the financial statements and modified retrospective approach, which requires a cumulative adjustment to retained earnings as of the effective date, without restatement of prior period amounts. The Company currently anticipates adopting the standard using the modified retrospective method.
Fair Value of Financial Instruments	The Company holds mortgage-backed securities, fixed-income securities, derivatives (see Note 6 , Derivative Instruments) and certain other financial instruments which are carried at fair value. The Company determines fair value based upon quoted prices when available or through the use of alternative approaches, such as model pricing, when market quotes are not readily accessible or available. Various factors are considered in determining the fair value of the Company’s obligations, including: closing exchange or over-the-counter market price quotations; time value and volatility factors underlying options and derivatives; price activity for equivalent instruments; and the Company’s own credit standing. These valuation techniques may be based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company’s market assumptions. These two types of inputs create the following fair value hierarchy: • Level 1 – Quoted prices for identical instruments in active markets. • Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable. • Level 3 – Instruments whose significant value drivers are unobservable. Assets and liabilities measured at fair value are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. Our assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the asset or liability. We did not have any transfers between Level 1 and Level 2 of the fair value hierarchy during either of the three or six months ended June 30, 2017 or June 30, 2016 . Debt The Company determines the fair value of the amount outstanding under its 2016 Credit Facility based on the market rates for the issuance of the Company's debt, which are Level 2 inputs in the fair value hierarchy. Available-For-Sale Securities When available, the Company uses quoted market prices to determine the fair value of available-for-sale securities; such inputs are classified as Level 1 of the fair-value hierarchy. These securities primarily consist of an open-ended mutual fund which is invested in fixed-income securities and is held in order to satisfy the regulatory requirements of WEX Bank. For mortgage-backed and asset-backed debt securities and municipal bonds, the Company generally uses quoted prices for recent trading activity of assets with similar characteristics to the debt security or bond being valued. The securities and bonds priced using such methods are generally valued using Level 2 inputs. Executive Deferred Compensation Plan Trust The obligations related to the deferred compensation plan trust are classified as Level 1 in the fair value hierarchy because the fair value is determined using quoted prices for identical instruments in active markets. Interest Rate Swaps The Company determines the fair value of its interest rate swaps based on the discounted cash flows of the difference between the projected fixed payments on the swaps and the implied floating payments using the current LIBOR curve, which are Level 2 inputs of the fair value hierarchy. $400 Million Notes Outstanding Not considering unamortized loan origination fees, the Notes outstanding have a carrying value of $400,000 at each of June 30, 2017 and December 31, 2016 , and a fair value of $403,000 and $390,000 as of June 30, 2017 and December 31, 2016 , respectively. The fair value is based on market rates for the issuance of our debt. The Company determined the fair value of its Notes outstanding is classified as Level 2 in the fair value hierarchy. Available-For-Sale Securities When available, the Company uses quoted market prices to determine the fair value of available-for-sale securities; such inputs are classified as Level 1 of the fair-value hierarchy. These securities primarily consist of an open-ended mutual fund which is invested in fixed-income securities and is held in order to satisfy the regulatory requirements of WEX Bank. For mortgage-backed and asset-backed debt securities and municipal bonds, the Company generally uses quoted prices for recent trading activity of assets with similar characteristics to the debt security or bond being valued. The securities and bonds priced using such methods are generally valued using Level 2 inputs. Executive Deferred Compensation Plan Trust The obligations related to the deferred compensation plan trust are classified as Level 1 in the fair value hierarchy because the fair value is determined using quoted prices for identical instruments in active markets. Interest Rate Swaps The Company determines the fair value of its interest rate swaps based on the discounted cash flows of the difference between the projected fixed payments on the swaps and the implied floating payments using the current LIBOR curve, which are Level 2 inputs of the fair value hierarchy. $400 Million Notes Outstanding Not considering unamortized loan origination fees, the Notes outstanding have a carrying value of $400,000 at each of June 30, 2017 and December 31, 2016 , and a fair value of $403,000 and $390,000 as of June 30, 2017 and December 31, 2016 , respectively. The fair value is based on market rates for the issuance of our debt. The Company determined the fair value of its Notes outstanding is classified as Level 2 in the fair value hierarchy.
Receivables	Receivables are generally written off when they are 150 days past due or upon declaration of bankruptcy by the customer. The reserve for credit losses is calculated by an analytic model that also takes into account other factors, such as the actual charge-offs for the preceding reporting periods, expected charge-offs and recoveries for the subsequent reporting periods, a review of past due accounts receivable balances, changes in customer payment patterns, known fraudulent activity in the portfolio, as well as leading economic and market indicators.
Earnings per Share	Basic earnings per share is computed by dividing net earnings attributable to shareholders by the weighted average number of shares of common stock and vested deferred stock units outstanding during the year. The computation of diluted earnings per share is similar to the computation of basic earnings per share, except that the denominator is increased for the assumed exercise of dilutive options, the assumed issuance of unvested restricted stock units and deferred stock units, and unvested performance-based restricted stock units for which the performance condition has been met as of the date of determination using the treasury stock method unless the effect is anti-dilutive. The treasury stock method assumes that proceeds, including cash received from the exercise of employee stock options and the total unrecognized compensation expense for unvested share-based compensation awards, would be used to purchase the Company's common stock at the average market price during the period. Prior to the January 2017 adoption of ASU 2016-09, the treasury stock method also included excess tax benefits in its proceeds calculation.
Derivative Instruments	The Company is exposed to certain market risks relating to its ongoing business operations. From time to time, the Company enters into derivative instrument arrangements to manage various risks including interest rate risk, foreign exchange risk and commodity price risk. None of these derivative instruments qualify for hedge accounting treatment.
Segment Information	Operating segments are defined as components of an enterprise about which separate financial information is available and is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and assess performance. The Company’s CODM is its Chief Executive Officer. The operating segments are aggregated into the three reportable segments described below. • Fleet Solutions provides customers with payment and transaction processing services specifically designed for the needs of commercial and government fleets. This segment also provides information management services to these fleet customers. • Travel and Corporate Solutions focuses on the complex payment environment of business-to-business payments, providing customers with payment processing solutions for their corporate payment and transaction monitoring needs. • Health and Employee Benefit Solutions provides healthcare payment products and SaaS consumer directed platforms, as well as payroll related benefits to customers. The Company’s CODM evaluates the operating results of the Company’s operating and reportable segments based upon revenues and pre-tax adjusted income which adjusts income before income taxes to exclude unrealized gains and losses on derivatives, net foreign currency remeasurement gains and losses, acquisition and divestiture related items, including ticking fees incurred on the commitment of funds to finance the acquisition of EFS and acquisition-related intangible amortization, stock-based compensation and restructuring and other costs. In addition, for the second quarter of 2017, we have excluded an impairment charge related to the insourcing of certain technology functions from a third party.

Business Acquisition - (Tables)

Business Acquisition - (Tables)	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
Schedule of Business Acquisitions	The following represents the components and final allocation of the purchase price: As Reported December 31, 2016 Measurement Period Adjustments As Reported June 30, 2017 Total consideration, net of cash acquired $ 1,444,235 $ — $ 1,444,235 Less: Accounts receivable 162,684 — 162,684 Property and equipment 2,387 1 2,388 Customer relationships (a)(b) 842,700 (1,300 ) 841,400 Developed technologies (a)(c) 32,120 — 32,120 Trademarks and trade names (a)(d) 13,700 — 13,700 Deferred income tax assets 34,992 6,352 41,344 Other assets — 739 739 Accounts payable (153,777 ) 248 (153,529 ) Accrued expenses (128,267 ) 9,361 (118,906 ) Deferred income tax liabilities (91,194 ) 28,071 (63,123 ) Recorded goodwill (a) $ 728,890 $ (43,472 ) $ 685,418 (a) Approximately $1,235,331 in goodwill and other intangible assets recorded from this business combination were allocated to our Fleet Solutions segment; the remaining $337,307 was allocated to our Travel and Corporate Solutions segment. (b) Weighted average life – 8.1 years . (c) Weighted average life – 2.0 years . (d) Weighted average life – 7.7 years .
Estimated Amortization Expense Related to Definite Lived Intangible Assets	At June 30, 2017 , estimated amortization expense related to the definite-lived intangible assets listed above for each of the next five fiscal years and thereafter is as follows: Remaining 2017 $ 42,688 2018 $ 80,987 2019 $ 74,548 2020 $ 68,685 2021 $ 60,654 2022 $ 53,537 Thereafter $ 427,408
Business Acquisition, Pro Forma Information	The following represents unaudited pro forma operational results as if the acquisition had occurred January 1, 2015: Three Months Ended June 30, 2016 Six Months Ended June 30, 2016 Total revenues $ 270,987 $ 511,284 Net earnings attributable to shareholders $ 2,279 $ 20,612 Net income attributable to shareholders per share: Basic $ 0.05 $ 0.48 Diluted $ 0.05 $ 0.48

Reserves for Accounts Receiva28

Reserves for Accounts Receivable - (Tables)	6 Months Ended
	Jun. 30, 2017
Receivables [Abstract]
Changes in Reserves for Credit Losses Related to Accounts Receivable	The following table presents changes in reserves for accounts receivable: Six Months Ended June 30, 2017 2016 Balance, beginning of year $ 20,092 $ 13,832 Provision for credit losses 28,313 10,360 Charges to other accounts 7,779 — Charge-offs (33,050 ) (13,681 ) Recoveries of amounts previously charged-off 3,349 2,476 Currency translation 275 77 Balance, end of period $ 26,758 $ 13,064

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Reconciliation of Income and Share Data Used in Basic and Diluted Earnings Per Share Computations	The following is a reconciliation of the income and share data used in the basic and diluted earnings per share computations: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Net earnings attributable to shareholders $ 17,090 $ 12,567 $ 46,491 $ 35,653 Weighted average common shares outstanding – Basic 43,002 38,806 42,937 38,781 Dilutive impact of share-based compensation awards 58 51 153 69 Weighted average common shares outstanding – Diluted 43,060 38,857 43,090 38,850

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Notional Amounts of Outstanding Derivative Positions	The following table summarizes the contracts related to foreign currency swaps, which settle in the base currency at various dates within 5 days after quarter-end: Aggregate Notional Amount June 30, 2017 2016 Australian dollar A$ 15,000 A$ — Norwegian Krone NOK 28,000 NOK The notional amounts, fixed and variable interest rates and maturities of the interest rate swap agreements are as follows: Tranche A Tranche B Tranche C Notional amount $400,000 $150,000 $250,000 Amortization 5% annually N/A N/A Maturity date December 31, 2020 December 31, 2020 December 31, 2018 Fixed interest rate 1.108% 1.125% 0.896%
Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets	The following table presents information on the location and fair value of asset derivatives recorded in the unaudited condensed consolidated balance sheets: Derivatives Not Designated as Hedging Instruments Balance Sheet Location June 30, 2017 December 31, 2016 Interest rate swaps Other assets $ 12,209 $ 12,908
Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Statements of Income	The following table presents information on the amounts of derivative gains and losses and the locations in the unaudited condensed consolidated statements of income: Derivatives Not Designated as Hedging Instruments Location of Gain (Loss) on Derivatives Recognized in Income Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Commodity contracts Net realized and unrealized gain on fuel price derivatives $ — $ — $ — $ 711 Interest rate swap agreements - unrealized portion Net unrealized loss on interest rate swap agreements $ (2,264 ) $ — $ (699 ) $ — Interest rate swap agreements - realized portion Financing interest expense $ (77 ) $ — $ (620 ) $ —

Financing and Other Debt (Table

Financing and Other Debt (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Debt Issuance Costs	The following table presents the Company's net debt issuance costs: June 30, 2017 December 31, 2016 Revolving line of credit facility and term loans $ 34,854 $ 38,334 Notes outstanding $ 4,098 $ 4,466

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Assets and Liabilities Measured at Fair Value	The following table presents the Company’s assets that are measured at fair value and the related hierarchy levels: Fair Value Hierarchy June 30, 2017 December 31, 2016 Assets: Municipal bonds 2 $ 596 $ 682 Asset-backed securities 2 514 648 Mortgage-backed securities 2 484 490 Fixed-income mutual fund 1 22,059 21,705 Available-for-sale securities $ 23,653 $ 23,525 Executive deferred compensation plan trust (a) 1 $ 6,271 $ 5,673 Interest rate swaps (a) 2 $ 12,209 $ 12,908 (a) The fair value of these instruments is recorded in Other assets.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Assumptions Used	The fair value of each option award is estimated on the grant date using a Black-Scholes-Merton option-pricing model and the following assumptions: March 20, 2017 Weighted average expected life (in years) 6.0 Weighted average exercise price $ 104.95 Weighted average volatility 30.67 % Weighted average risk-free rate 2.13 % Weighted average fair value $ 35.58 The table below summarizes the assumptions used to calculate the fair value: Exercise price $ 99.69 Expected stock price volatility 31.14 % Risk-free interest rate 2.18 % Weighted average fair value of performance options granted $ 28.69

Impairment and Restructuring 34

Impairment and Restructuring Activities (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	The following table presents the Company's 2015 Restructuring Initiative liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 5,231 $ 8,506 $ 5,231 $ 7,249 Restructuring charges 1,223 — 1,533 1,589 Cash paid (2,488 ) (1,478 ) (2,836 ) (2,125 ) Liability transfer to 2016 Restructuring Initiative (1,158 ) — (1,158 ) — Impact of foreign currency translation 200 57 238 372 Balance, end of period $ 3,008 $ 7,085 $ 3,008 $ 7,085 The following table presents the Company’s 2016 Restructuring Initiative liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 3,202 $ — $ 3,662 $ — Restructuring charges 219 3,506 219 3,506 Reserve release — — (533 ) — Cash paid (487 ) — (487 ) — Liability transfer from 2015 Restructuring Initiative 1,158 — 1,158 — Impact of foreign currency translation 250 (18 ) 323 (18 ) Balance, end of period $ 4,342 $ 3,488 $ 4,342 $ 3,488 The following table presents the Company’s Acquisition Integration Restructuring Initiative liability: Three Months Ended June 30, 2017 Six Months Ended June 30, 2017 Balance, beginning of period $ 2,139 $ 1,764 Restructuring charges 234 941 Cash paid (889 ) (1,479 ) Other (151 ) 107 Balance, end of period $ 1,333 $ 1,333 The following table presents the Company's total restructuring liability: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Balance, beginning of period $ 10,572 $ 8,506 $ 10,657 $ 7,249 Restructuring charges 1,676 3,506 2,693 5,095 Reserve release — — (533 ) — Cash paid (3,864 ) (1,478 ) (4,802 ) (2,125 ) Other (151 ) — 107 — Impact of foreign currency translation 450 39 561 354 Balance, end of period $ 8,683 $ 10,573 $ 8,683 $ 10,573

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Reportable Segment Results	The following tables present the Company’s reportable segment results on an pre-tax adjusted income basis: Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Three Months Ended June 30, 2017 Payment processing revenue $ 87,678 $ 40,276 $ 13,400 $ 141,354 Account servicing revenue 41,311 167 24,199 65,677 Finance fee revenue 36,552 159 5,374 42,085 Other revenue 34,763 14,398 5,607 54,768 Total revenues $ 200,304 $ 55,000 $ 48,580 $ 303,884 Operating interest expense $ 2,071 $ 2,073 $ 320 $ 4,464 Depreciation and amortization $ 36,370 $ 3,222 $ 10,369 $ 49,961 Pre-tax adjusted income $ 54,596 $ 25,501 $ 5,486 $ 85,583 Three Months Ended June 30, 2016 Payment processing revenue $ 70,711 $ 43,194 $ 12,175 $ 126,080 Account servicing revenue 27,548 337 19,548 47,433 Finance fee revenue 30,674 145 1,885 32,704 Other revenue 15,027 9,660 3,032 27,719 Total revenues $ 143,960 $ 53,336 $ 36,640 $ 233,936 Operating interest expense $ 379 $ 611 $ 515 $ 1,505 Depreciation and amortization $ 14,147 $ 761 $ 8,201 $ 23,109 Pre-tax adjusted income $ 38,267 $ 23,200 $ 5,631 $ 67,098 Fleet Solutions Travel and Corporate Solutions Health and Employee Benefit Solutions Total Six Months Ended June 30, 2017 Payment processing revenue $ 173,940 $ 75,151 $ 28,641 $ 277,732 Account servicing revenue 77,380 322 49,514 127,216 Finance fee revenue 72,981 382 12,094 85,457 Other revenue 66,826 26,858 11,152 104,836 Total revenues $ 391,127 $ 102,713 $ 101,401 $ 595,241 Operating interest expense $ 3,395 $ 3,639 $ 2,278 $ 9,312 Depreciation and amortization $ 72,438 $ 6,260 $ 20,501 $ 99,199 Pre-tax adjusted income $ 105,828 $ 47,909 $ 15,722 $ 169,459 Six Months Ended June 30, 2016 Payment processing revenue $ 133,001 $ 77,820 $ 26,315 $ 237,136 Account servicing revenue 52,986 610 38,359 91,955 Finance fee revenue 52,611 221 3,378 56,210 Other revenue 26,436 19,827 8,300 54,563 Total revenues $ 265,034 $ 98,478 $ 76,352 $ 439,864 Operating interest expense $ 801 $ 1,163 $ 927 $ 2,891 Depreciation and amortization $ 27,755 $ 1,377 $ 16,241 $ 45,373 Pre-tax adjusted income $ 71,378 $ 43,348 $ 12,208 $ 126,934
Interest Income	The following table presents the Company's interest income by segment: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Fleet Solutions $ 696 $ 701 $ 1,820 $ 1,586 Travel and Corporate Solutions 315 96 361 187 Health and Employee Benefit Solutions 5,495 1,888 12,354 3,382 Total interest income $ 6,506 $ 2,685 $ 14,535 $ 5,155
Reconciliation of Adjusted Net Income to Net Income	The following table reconciles income before income taxes to pre-tax adjusted income: Three Months Ended June 30, Six Months Ended June 30, 2017 2016 2017 2016 Income before income taxes $ 27,295 $ 16,394 $ 70,906 $ 52,798 Unrealized loss on derivative instruments 2,264 — 699 5,007 Net foreign currency remeasurement (gain) loss (10,525 ) 4,823 (18,967 ) (11,301 ) Acquisition-related ticking fees — 19,511 — 30,045 Acquisition-related intangible amortization 38,114 12,565 76,093 25,211 Other acquisition and divestiture related items 239 2,179 2,374 6,944 Stock-based compensation 7,414 4,870 13,871 9,113 Restructuring and other costs 2,398 5,985 4,145 7,574 Impairment charge 16,175 — 16,175 — Debt issuance cost amortization 2,209 771 4,163 1,543 Pre-tax adjusted income $ 85,583 $ 67,098 $ 169,459 $ 126,934

Supplementary Regulatory Capi36

Supplementary Regulatory Capital Disclosure (Tables)	6 Months Ended
	Jun. 30, 2017
Debt Disclosure [Abstract]
Schedule of Compliance with Regulatory Capital Requirements under Banking Regulations	WEX Bank’s actual and regulatory minimum capital amounts and ratios are presented in the following table: Actual Amount Ratio Minimum for Capital Adequacy Purposes Amount Ratio Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount Ratio June 30, 2017 Total Capital to risk-weighted assets $ 313,045 13.26 % $ 188,931 8.0 % $ 236,164 10.0 % Tier 1 Capital to average assets $ 301,818 12.78 % $ 94,466 4.0 % $ 118,082 5.0 % Common equity to risk-weighted assets $ 301,818 13.07 % $ 103,879 4.5 % $ 150,047 6.5 % Tier 1 Capital to risk-weighted assets $ 301,818 13.07 % $ 138,505 6.0 % $ 184,673 8.0 % December 31, 2016 Total Capital to risk-weighted assets $ 228,402 12.59 % $ 145,182 8.0 % $ 181,477 10.0 % Tier 1 Capital to average assets $ 214,847 11.10 % $ 77,413 4.0 % $ 96,767 5.0 % Common equity to risk-weighted assets $ 214,847 11.84 % $ 81,665 4.5 % $ 117,961 6.5 % Tier 1 Capital to risk-weighted assets $ 214,847 11.84 % $ 108,887 6.0 % $ 145,183 8.0 %

New Accounting Standards (Detai

New Accounting Standards (Details) - USD ($) $ in Thousands		6 Months Ended	12 Months Ended
		Jun. 30, 2017	Dec. 31, 2016
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment	[1]		$ 260
Excess tax benefits recognized		$ 1,600
Sales commissions			$ 20,000
Accounting Standards Update 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Excess tax benefits recognized		$ 1,600
Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Percentage of consolidated revenue not affected by new accounting pronouncement		14.00%
Consolidated revenue affected by new accounting pronouncement, percent			48.00%
Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative-effect adjustment	[1]		$ 260
[1]	Impact of modified retrospective transition as part of the Company's ASU 2016-09 adoption to recognize previously disallowed excess tax benefits that increased a net operating loss.

Business Acquisition - Summary

Business Acquisition - Summary of EFS Acquisition (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 01, 2016	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Allocation of the purchase price by the assets and liabilities acquired
Measurement period adjustments, deferred income tax liabilities				$ 28,071
Goodwill		$ 1,808,192		1,808,192		$ 1,838,441
Electronic Funds Source LLC
Business Acquisition [Line Items]
Consideration transferred, shares (in shares)	4,012,000
Consideration transferred, shares, amount	$ 355,000
Percent of ownership interest acquired	9.40%
Payments to acquire businesses	$ 1,182,000
Consideration transferred	1,444,000
Cash acquired in acquisition	$ 93,000
Direct ownership in the limited liability company	49.50%
Direct ownership held by other corporation	50.50%
Goodwill, expected tax deductible amount		557,000		557,000
Allocation of the purchase price by the assets and liabilities acquired
Total consideration, net of cash acquired		1,444,235		1,444,235		1,444,235
Accounts receivable		162,684		162,684		162,684
Property and equipment		2,388		2,388		2,387
Measurement period adjustments, property and equipment				1
Deferred income tax assets		41,344		41,344		34,992
Measurement period adjustments, deferred income tax assets				6,352
Other assets		739		739		0
Measurement period adjustments, other assets				739
Accounts payable		(153,529)		(153,529)		(153,777)
Measurement period adjustments, accounts payable				248
Accrued expenses		(118,906)		(118,906)		(128,267)
Measurement period adjustments, accrued expenses				9,361
Deferred income tax liabilities		(63,123)		(63,123)		(91,194)
Goodwill		685,418		685,418		728,890
Measurement period adjustments, goodwill				(43,472)
Estimated amortization expense related to the definite-lived intangible assets
Remaining 2,017		42,688		42,688
2,018		80,987		80,987
2,019		74,548		74,548
2,020		68,685		68,685
2,021		60,654		60,654
2,022		53,537		53,537
Thereafter		427,408		427,408
Unaudited pro forma operational results
Total revenues			$ 270,987		$ 511,284
Net earnings attributable to shareholders			$ 2,279		$ 20,612
Pro forma net income attributable to shareholders per common share - Basic (in dollars per share)			$ 0.05		$ 0.48
Pro forma net income attributable to shareholders per common share - Diluted (in dollars per share)			$ 0.05		$ 0.48
Electronic Funds Source LLC | Acquisition-related Costs
Unaudited pro forma operational results
Net earnings attributable to shareholders			$ 1,829		$ 6,594
Electronic Funds Source LLC | Fleet Solutions
Allocation of the purchase price by the assets and liabilities acquired
Goodwill and other intangible assets	$ 1,235,331
Estimated amortization expense related to the definite-lived intangible assets
Total revenues		45,246		88,621
Pre-tax adjusted net income		8,809		20,012
Electronic Funds Source LLC | Travel and corporate solutions
Allocation of the purchase price by the assets and liabilities acquired
Goodwill and other intangible assets	$ 337,307
Electronic Funds Source LLC | Customer relationships
Allocation of the purchase price by the assets and liabilities acquired
Intangible assets		841,400		841,400		842,700
Measurement period adjustments, intangibles				(1,300)
Weighted average life	8 years 1 month 6 days
Electronic Funds Source LLC | Developed technologies
Allocation of the purchase price by the assets and liabilities acquired
Intangible assets		32,120		32,120		32,120
Weighted average life	2 years
Electronic Funds Source LLC | Trade name
Allocation of the purchase price by the assets and liabilities acquired
Intangible assets		$ 13,700		$ 13,700		$ 13,700
Weighted average life	7 years 8 months 12 days

Reserves for Accounts Receiva39

Reserves for Accounts Receivable - Additional Information (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016
Concentration Risk [Line Items]
Trade receivable payments terms (30 days or less)	30 days
Threshold period past due for write-off of trade accounts receivable	150 days
Percentage of trade receivables outstanding balance, current	96.00%		92.00%
Percentage of trade accounts receivables less than 60 days past due	97.00%		98.00%
Revolving Credit Facility
Concentration Risk [Line Items]
Loans receivable, net	$ 8,400	$ 3,400
Customer One | Customer Concentration Risk | Accounts receivable
Concentration Risk [Line Items]
Concentration risk, percentage	11.00%	11.00%

Reserves for Accounts Receiva40

Reserves for Accounts Receivable - Changes in Reserves for Accounts Receivable (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Allowance for Doubtful Accounts Receivable [Roll Forward]
Balance, beginning of year	$ 20,092	$ 13,832
Provision for credit losses	28,313	10,360
Charges to other accounts	7,779	0
Charge-offs	(33,050)	(13,681)
Recoveries of amounts previously charged-off	3,349	2,476
Currency translation	275	77
Balance, end of period	$ 26,758	$ 13,064

Earnings per Share - Reconcilia

Earnings per Share - Reconciliation of Income and Share Data Used in Basic and Diluted Earnings Per Share Computations (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Net earnings attributable to shareholders	$ 17,090	$ 12,567	$ 46,491	$ 35,653
Weighted average common shares outstanding – Basic (in shares)	43,002	38,806	42,937	38,781
Dilutive impact of share-based compensation awards (in shares)	58	51	153	69
Weighted average common shares outstanding – Diluted (in shares)	43,060	38,857	43,090	38,850

Earnings per Share - Stock Opti

Earnings per Share - Stock Options and Restricted Stock Units (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share (in shares)	0	0	0	0

Derivative Instruments - Additi

Derivative Instruments - Additional Information (Details)	3 Months Ended		6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Nov. 30, 2016agreement	Mar. 31, 2016
Interest rate swap agreements - unrealized portion
Derivative [Line Items]
Number of derivative instruments held (agreement) | agreement					3
Borrowings under derivative agreements	$ 800,000,000		$ 800,000,000
Interest rate swap agreements - unrealized portion | London Interbank Offered Rate (LIBOR) | Minimum
Derivative [Line Items]
Fixed rate variable interest					0.896%
Interest rate swap agreements - unrealized portion | London Interbank Offered Rate (LIBOR) | Maximum
Derivative [Line Items]
Fixed rate variable interest					1.125%
Foreign currency swaps
Derivative [Line Items]
Gain (loss) on foreign currency swaps	$ 0	$ 0	$ 0	$ 0
Price Risk Derivative
Derivative [Line Items]
Percentage hedged by fuel price derivatives						20.00%

Derivative Instruments - Schedu

Derivative Instruments - Schedule of Notional Amounts of Interest Rate Swap Agreements (Details) - Derivatives Not Designated as Hedging Instruments	Nov. 30, 2016USD ($)
Tranche A
Derivative [Line Items]
Notional amount	$ 400,000,000
Amortization	5.00%
Fixed interest rate	1.108%
Tranche B
Derivative [Line Items]
Notional amount	$ 150,000,000
Fixed interest rate	1.125%
Tranche C
Derivative [Line Items]
Notional amount	$ 250,000,000
Fixed interest rate	0.896%

Derivative Instruments - Summar

Derivative Instruments - Summary of Aggregate Notional Amount of Foreign Currency Swap Contracts (Details)	Jun. 30, 2017NOK	Jun. 30, 2017AUD	Jun. 30, 2016NOK	Jun. 30, 2016AUD
Derivatives Not Designated as Hedging Instruments | Foreign currency swaps
Derivative [Line Items]
Notional amount	NOK 28,000,000	AUD 15,000,000	NOK 0	AUD 0

Derivative Instruments - Locati

Derivative Instruments - Location and Amounts of Derivative Fair Values in Condensed Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Derivatives Not Designated as Hedging Instruments | Interest rate swap agreements - unrealized portion | Other assets
Derivatives, Fair Value [Line Items]
Derivatives Classified as Assets	$ 12,209	$ 12,908

Derivative Instruments - Loca47

Derivative Instruments - Location and Amounts of Derivative Gains and Losses in Condensed Consolidated Statements of Income (Details) - Derivatives Not Designated as Hedging Instruments - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net realized and unrealized gain on fuel price derivatives | Commodity contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in income on derivative	$ 0	$ 0	$ 0	$ 711
Net unrealized loss on interest rate swap agreements | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in income on derivative	(2,264)	0	(699)	0
Financing interest expense | Interest rate swaps
Derivative Instruments, Gain (Loss) [Line Items]
Amount of gain recognized in income on derivative	$ (77)	$ 0	$ (620)	$ 0

Financing and Other Debt - Addi

Financing and Other Debt - Additional Information (Details)	Jul. 01, 2016USD ($)	Apr. 07, 2016	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Nov. 30, 2016agreement	Jan. 30, 2013USD ($)
Debt Instrument [Line Items]
Lines of credit			$ 1,740,201,000	$ 1,740,201,000	$ 1,599,291,000
Maximum borrowing capacity			250,000,000	250,000,000	250,000,000
Securitized debt			$ 104,525,000	$ 104,525,000	$ 84,323,000
Unik
Debt Instrument [Line Items]
Weighted average annual interest rate, percent			22.90%	22.90%	19.70%
Outstanding debt			$ 14,063,000	$ 14,063,000	$ 30,755,000
Interest rate swap agreements - unrealized portion
Debt Instrument [Line Items]
Number of derivative instruments held (agreement) | agreement						3
Interest Rate Option Two | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	1.00%
Interest Rate Option Two | Federal Fund Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	0.50%
2016 Credit Agreement Tranche A
Debt Instrument [Line Items]
Permitted securitization transactions	$ 350,000,000
2016 Credit Agreement Tranche A | Interest Rate Option One | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, floor	0.00%
2016 Credit Agreement Tranche A | Interest Rate Option One | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	1.75%
2016 Credit Agreement Tranche A | Interest Rate Option One | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	3.25%			3.25%
2016 Credit Agreement Tranche A | Interest Rate Option Two | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	0.75%
2016 Credit Agreement Tranche A | Interest Rate Option Two | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	2.25%			2.25%
2016 Credit Agreement Tranche B
Debt Instrument [Line Items]
Weighted average annual interest rate, percent			4.80%	4.80%	4.20%
Debt instrument unamortized discount, percent	1.00%
2016 Credit Agreement Tranche B | Interest Rate Option One | Eurocurrency Rate
Debt Instrument [Line Items]
Debt instrument, interest rate, floor	0.75%
2016 Credit Agreement Tranche B | Interest Rate Option One | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Interest rate, stated percentage	3.25%
2016 Credit Agreement Tranche B | Interest Rate Option One | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	3.50%			3.50%
2016 Credit Agreement Tranche B | Interest Rate Option Two | Minimum | Eurocurrency Rate
Debt Instrument [Line Items]
Interest rate, stated percentage	2.25%
2016 Credit Agreement Tranche B | Interest Rate Option Two | Maximum | Eurocurrency Rate
Debt Instrument [Line Items]
Margin on variable rate, percent	2.50%			2.50%
2016 Credit Agreement
Debt Instrument [Line Items]
Current borrowing capacity			$ 315,000,000	$ 315,000,000
2016 Credit Agreement | Minimum
Debt Instrument [Line Items]
Commitment fee percentage	0.30%
2016 Credit Agreement | Maximum
Debt Instrument [Line Items]
Commitment fee percentage	0.50%			0.50%
Senior Notes
Debt Instrument [Line Items]
Interest rate, stated percentage							4.75%
Senior notes							$ 400,000,000
Loan Participations and Assignments
Debt Instrument [Line Items]
Increase in funding capacity			40,000,000
Debt instrument, aggregate principal amount			135,000,000	$ 135,000,000
Debt balance			135,000,000	$ 135,000,000	$ 95,000,000
Loan Participations and Assignments | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Margin on variable rate, percent				2.25%
Loan Participations and Assignments, Amounts Maturing August 2017
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount			85,000,000	$ 85,000,000
Loan Participations and Assignments, Amounts Maturing December 2020
Debt Instrument [Line Items]
Debt instrument, aggregate principal amount			$ 50,000,000	$ 50,000,000
Securitization Facility
Debt Instrument [Line Items]
Securitization facility, percentage of receivables used as collateral			85.00%	85.00%
Interest rate during period, percent				2.70%	2.65%
Securitized debt			$ 85,127,000	$ 85,127,000	$ 78,592,000
European Securitization Facility
Debt Instrument [Line Items]
Interest rate during period, percent				0.35%	0.95%
Debt instrument, term		5 years
Securitized debt			19,398,000	$ 19,398,000	$ 5,731,000
Revolving Credit Facility | 2016 Credit Agreement
Debt Instrument [Line Items]
Current borrowing capacity	$ 470,000,000
Lines of credit			154,805,000	154,805,000
Revolving Credit Facility | 2011 Credit Agreement | Letter of Credit
Debt Instrument [Line Items]
Lines of credit			13,000,000	13,000,000	$ 13,000,000
Credit Facility Term Loans | 2016 Credit Agreement Tranche A
Debt Instrument [Line Items]
Current borrowing capacity	925,000,000
Credit Facility Term Loans | 2016 Credit Agreement Tranche B
Debt Instrument [Line Items]
Current borrowing capacity	$ 1,200,000,000
Lines of credit			1,620,250,000	1,620,250,000
Line of Credit
Debt Instrument [Line Items]
Lines of credit			$ 0	$ 0

Financing and Other Debt - Sche

Financing and Other Debt - Schedule of Debt Issuance Cost (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Notes outstanding
Line of Credit Facility [Line Items]
Debt issuance costs, net	$ 4,098	$ 4,466
Revolving line of credit facility and term loans
Line of Credit Facility [Line Items]
Debt issuance costs, net	$ 34,854	$ 38,334

Off-Balance Sheet Arrangements

Off-Balance Sheet Arrangements (Details) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2017USD ($)	Jun. 30, 2017USD ($)
WEX Europe Services
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of factoring receivables	$ 171,000	$ 224,000
Loss on sale of factoring receivables	1,250	1,450
Amount of factoring receivables	26,800	26,800
Amount of factoring receivables, portion in excess of the established credit limit	100	100
WEX Brazil
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from sale of factoring receivables	8,300	16,300
Loss on sale of factoring receivables	$ 400	$ 800

Fair Value - Assets and Liabili

Fair Value - Assets and Liabilities Measured at Fair Value and Related Hierarchy Levels (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets:
Total available-for-sale securities	$ 23,653	$ 23,525
Level 2 | Interest rate swaps
Assets:
Derivative asset	12,209	12,908
Level 1
Assets:
Executive deferred compensation plan trust	6,271	5,673
Municipal bonds | Level 2
Assets:
Total available-for-sale securities	596	682
Asset-backed securities | Level 2
Assets:
Total available-for-sale securities	514	648
Mortgage-backed securities | Level 2
Assets:
Total available-for-sale securities	484	490
Fixed-income mutual fund | Level 1
Assets:
Total available-for-sale securities	$ 22,059	$ 21,705

Fair Value - Additional Informa

Fair Value - Additional Information (Details) - Senior Notes - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Reported Value Measurement
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 400,000	$ 400,000
Estimate of Fair Value Measurement | Level 2
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt, fair value	$ 403,000	$ 390,000

Income Taxes - Additional Infor

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	39.00%	27.30%	35.50%	33.50%
Excess tax benefits recognized			$ 1,600
Undistributed earnings of certain foreign subsidiaries	$ 36,184		$ 36,184		$ 25,824

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2017	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Fair value of units awarded		$ 17,186	$ 1,391	$ 45,341	$ 25,927
Stock Options | 2010 Equity Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock options				10 years
Period for stock options to become exercisable				3 years
Award vesting rights, percentage				33.00%
Performance Based Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of stock options	10 years
Conditional threshold period for options vesting				20 days
Service period				3 years

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Assumptions Used to Calculate Fair Value of Performance-Based Stock Options (Details) - Performance Based Stock Options	1 Months Ended
	May 31, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercise price (in dollars per share)	$ 99.69
Expected stock price volatility	31.14%
Risk-free interest rate	2.18%
Weighted average fair value of performance options granted (in dollars per share)	$ 28.69

Stock-Based Compensation - Sc56

Stock-Based Compensation - Schedule of Assumptions Used to Calculate Fair Value of Stock Options (Details) - Stock Options	Mar. 20, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average expected life (in years)	6 years
Weighted average exercise price (in dollars per share)	$ 104.95
Weighted average volatility	30.67%
Weighted average risk-free rate	2.13%
Weighted average fair value (in dollars per share)	$ 35.58

Impairment and Restructuring 57

Impairment and Restructuring Activities - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Cost and Reserve [Line Items]
Impairment charge	$ 16,175	$ 0	$ 16,175	$ 0
Restructuring charges incurred to date	21,050		21,050
Year 2,015
Restructuring Cost and Reserve [Line Items]
Restructuring expected cost	450		450
Year 2,016
Restructuring Cost and Reserve [Line Items]
Restructuring expected cost	200		$ 200
Fleet Solutions
Restructuring Cost and Reserve [Line Items]
Impairment charge	$ 16,175

Impairment and Restructuring 58

Impairment and Restructuring Activities - Schedule of Restructuring Reserve (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring Reserve
Restructuring charges	$ 1,676	$ 3,506	$ 2,160	$ 5,095
Year 2,015
Restructuring Reserve
Balance, beginning of period	5,231	8,506	5,231	7,249
Restructuring charges	1,223	0	1,533	1,589
Cash paid	(2,488)	(1,478)	(2,836)	(2,125)
Liability transfer to from one plan to another	(1,158)	0	(1,158)	0
Impact of foreign currency translation	200	57	238	372
Balance, end of period	3,008	7,085	3,008	7,085
Year 2,016
Restructuring Reserve
Balance, beginning of period	3,202	0	3,662	0
Restructuring charges	219	3,506	219	3,506
Reserve release	0	0	(533)	0
Cash paid	(487)	0	(487)	0
Liability transfer to from one plan to another	1,158	0	1,158	0
Impact of foreign currency translation	250	(18)	323	(18)
Balance, end of period	4,342	3,488	4,342	3,488
Acquisition Integration Restructuring Initiative
Restructuring Reserve
Balance, beginning of period	2,139		1,764
Restructuring charges	234		941
Cash paid	(889)		(1,479)
Other	(151)		107
Balance, end of period	1,333		1,333
Excluding Acquisition Integration Restructuring Initiative
Restructuring Reserve
Balance, beginning of period	10,572	8,506	10,657	7,249
Restructuring charges	1,676	3,506	2,693	5,095
Reserve release	0	0	(533)	0
Cash paid	(3,864)	(1,478)	(4,802)	(2,125)
Other	(151)	0	107	0
Impact of foreign currency translation	450	39	561	354
Balance, end of period	$ 8,683	$ 10,573	$ 8,683	$ 10,573

Segment Information - Additiona

Segment Information - Additional Information (Details)	6 Months Ended
	Jun. 30, 2017segment
Segment Reporting [Abstract]
Number of reportable segments (segment)	3

Segment Information - Pre-Tax I

Segment Information - Pre-Tax Income Before NCI (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Payment processing revenue	$ 141,354	$ 126,080	$ 277,732	$ 237,136
Account servicing revenue	65,677	47,433	127,216	91,955
Finance fee revenue	42,085	32,704	85,457	56,210
Other revenue	54,768	27,719	104,836	54,563
Total revenues	303,884	233,936	595,241	439,864
Operating interest expense	4,464	1,505	9,312	2,891
Depreciation and amortization	49,961	23,109	99,199	45,373
Pre-tax adjusted income	85,583	67,098	169,459	126,934
Fleet Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	87,678	70,711	173,940	133,001
Account servicing revenue	41,311	27,548	77,380	52,986
Finance fee revenue	36,552	30,674	72,981	52,611
Other revenue	34,763	15,027	66,826	26,436
Total revenues	200,304	143,960	391,127	265,034
Operating interest expense	2,071	379	3,395	801
Depreciation and amortization	36,370	14,147	72,438	27,755
Pre-tax adjusted income	54,596	38,267	105,828	71,378
Travel and Corporate Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	40,276	43,194	75,151	77,820
Account servicing revenue	167	337	322	610
Finance fee revenue	159	145	382	221
Other revenue	14,398	9,660	26,858	19,827
Total revenues	55,000	53,336	102,713	98,478
Operating interest expense	2,073	611	3,639	1,163
Depreciation and amortization	3,222	761	6,260	1,377
Pre-tax adjusted income	25,501	23,200	47,909	43,348
Health and Employee Benefit Solutions
Segment Reporting Information [Line Items]
Payment processing revenue	13,400	12,175	28,641	26,315
Account servicing revenue	24,199	19,548	49,514	38,359
Finance fee revenue	5,374	1,885	12,094	3,378
Other revenue	5,607	3,032	11,152	8,300
Total revenues	48,580	36,640	101,401	76,352
Operating interest expense	320	515	2,278	927
Depreciation and amortization	10,369	8,201	20,501	16,241
Pre-tax adjusted income	$ 5,486	$ 5,631	$ 15,722	$ 12,208

Segment Information - Summary o

Segment Information - Summary of Interest Income by Segment (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting Information [Line Items]
Interest Income	$ 6,506	$ 2,685	$ 14,535	$ 5,155
Fleet Solutions
Segment Reporting Information [Line Items]
Interest Income	696	701	1,820	1,586
Travel and corporate solutions
Segment Reporting Information [Line Items]
Interest Income	315	96	361	187
Health and Employee Benefit Solutions
Segment Reporting Information [Line Items]
Interest Income	$ 5,495	$ 1,888	$ 12,354	$ 3,382

Segment Information - Reconcili

Segment Information - Reconciliation of Adjusted Pre-Tax Income Before NCI to Income Before Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Segment Reporting [Abstract]
Income before income taxes	$ 27,295	$ 16,394	$ 70,906	$ 52,798
Changes in unrealized fuel price derivatives	2,264	0	699	5,007
Net foreign currency remeasurement (gain) loss	(10,525)	4,823	(18,967)	(11,301)
Acquisition-related ticking fees	0	19,511	0	30,045
Acquisition-related intangible amortization	38,114	12,565	76,093	25,211
Other acquisition and divestiture related items	239	2,179	2,374	6,944
Stock-based compensation	7,414	4,870	13,871	9,113
Restructuring and other costs	2,398	5,985	4,145	7,574
Impairment charge	16,175	0	16,175	0
Debt issuance cost amortization	2,209	771	4,163	1,543
Adjusted pre-tax income before NCI	$ 85,583	$ 67,098	$ 169,459	$ 126,934

Supplementary Regulatory Capi63

Supplementary Regulatory Capital Disclosure (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Total Capital to risk-weighted assets, Actual Amount	$ 313,045	$ 228,402
Total Capital to risk-weighted assets, Ratio	13.26%	12.59%
Total Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 188,931	$ 145,182
Total Capital to risk-weighted assets, Ratio	8.00%	8.00%
Total Capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 236,164	$ 181,477
Total Capital to risk-weighted assets, Ratio	10.00%	10.00%
Tier 1 Capital to average assets, Actual Amount	$ 301,818	$ 214,847
Tier 1 Capital to average assets, Ratio	12.78%	11.10%
Tier 1 Capital to average assets, Minimum for Capital Adequacy Purposes Amount	$ 94,466	$ 77,413
Tier 1 Capital to average assets, Ratio	4.00%	4.00%
Tier 1 Capital to average assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 118,082	$ 96,767
Tier 1 Capital to average assets, Ratio	5.00%	5.00%
Common equity to risk-weighted assets, Actual Amount	$ 301,818	$ 214,847
Common equity to risk-weighted assets, Ratio	13.07%	11.84%
Common equity to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 103,879	$ 81,665
Common equity to risk-weighted assets, Ratio	4.50%	4.50%
Common equity to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 150,047	$ 117,961
Common equity to risk-weighted assets, Ratio	6.50%	6.50%
Tier 1 Capital to risk-weighted assets, Actual Amount	$ 301,818	$ 214,847
Tier 1 Capital to risk-weighted assets, Ratio	13.07%	11.84%
Tier 1 Capital to risk-weighted assets, Minimum for Capital Adequacy Purposes Amount	$ 138,505	$ 108,887
Tier 1 Capital to risk-weighted assets, Ratio	6.00%	6.00%
Tier 1 Capital to risk-weighted assets, Minimum to Be Well Capitalized Under Prompt Corrective Action Provisions Amount	$ 184,673	$ 145,183
Tier 1 Capital to risk-weighted assets, Ratio	8.00%	8.00%

Subsequent Event - Narrative (D

Subsequent Event - Narrative (Details) - USD ($)	Jul. 03, 2017	Jul. 31, 2017	Sep. 30, 2017
Subsequent Event
Subsequent Event [Line Items]
Gain (loss) on extinguishment of debt		$ 0
Line of Credit | Secured Term Loan | Subsequent Event
Subsequent Event [Line Items]
Cash allowed to be excluded for determining consolidated funded indebtedness	$ 75,000,000
Line of Credit | Secured Term Loan | Subsequent Event | 2016 Credit Agreement Tranche A | Base Rate
Subsequent Event [Line Items]
Decrease in variable rate	0.50%
Margin on variable rate, percent	1.75%
Line of Credit | Secured Term Loan | Subsequent Event | 2016 Credit Agreement Tranche A | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Decrease in variable rate	0.50%
Margin on variable rate, percent	2.75%
Line of Credit | Secured Term Loan | Subsequent Event | 2016 Credit Agreement Tranche B | Base Rate
Subsequent Event [Line Items]
Decrease in variable rate	0.75%
Margin on variable rate, percent	1.75%
Line of Credit | Secured Term Loan | Subsequent Event | 2016 Credit Agreement Tranche B | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Decrease in variable rate	0.75%
Margin on variable rate, percent	2.75%
Scenario, Forecast
Subsequent Event [Line Items]
Debt modification fee			3,000