Verifone Systems 10-Q 8 Sep 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Jul. 31, 2017	Aug. 31, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jul. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Trading Symbol	PAY
Entity Registrant Name	VERIFONE SYSTEMS, INC.
Entity Central Index Key	1,312,073
Current Fiscal Year End Date	--10-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		112,201,333

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Net revenues:
Systems	$ 265,951	$ 292,072	$ 817,027	$ 972,107
Services	200,915	196,060	577,395	555,842
Total net revenues	466,866	488,132	1,394,422	1,527,949
Cost of net revenues:
Systems	177,774	175,690	520,385	571,039
Services	114,642	121,295	355,395	340,099
Total cost of net revenues	292,416	296,985	875,780	911,138
Gross margin	174,450	191,147	518,642	616,811
Operating expenses:
Research and development	50,731	52,394	158,454	158,150
Sales and marketing	46,665	52,830	146,806	167,289
General and administrative	44,867	49,753	142,425	157,040
Restructuring and related charges	65,705	33,629	135,743	34,196
Litigation settlement and loss contingency expense	0	600	0	600
Amortization of purchased intangible assets	16,696	24,286	53,873	65,886
Goodwill impairment	0	0	17,384	0
Total operating expenses	224,664	213,492	654,685	583,161
Operating income (loss)	(50,214)	(22,345)	(136,043)	33,650
Interest expense, net	(8,380)	(9,023)	(24,712)	(25,870)
Other income (expense), net	(1,908)	156	4,666	(6,833)
Net income (loss) before income taxes	(60,502)	(31,212)	(156,089)	947
Income tax provision	10,286	286	22,088	5,372
Consolidated net loss	(70,788)	(31,498)	(178,177)	(4,425)
Net income (loss) attributable to noncontrolling interests	167	(360)	(1,332)	313
Net loss attributable to VeriFone Systems, Inc. stockholders	$ (70,955)	$ (31,138)	$ (176,845)	$ (4,738)
Net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in dollars per share)	$ (0.63)	$ (0.28)	$ (1.58)	$ (0.04)
Diluted (in dollars per share)	$ (0.63)	$ (0.28)	$ (1.58)	$ (0.04)
Weighted average number of shares used in computing net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in shares)	111,951	110,689	111,669	110,763
Diluted (in shares)	111,951	110,689	111,669	110,763

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Statement of Comprehensive Income [Abstract]
Consolidated net loss	$ (70,788)	$ (31,498)	$ (178,177)	$ (4,425)
Other comprehensive income (loss):
Foreign currency translation adjustments, net of tax	65,202	(46,460)	74,563	(24,410)
Unrealized gain (loss) on derivatives designated as cash flow hedges
Change in unrealized gain (loss) on derivatives designated as cash flow hedges	(369)	(301)	4,003	(3,540)
Amounts reclassified from Accumulated other comprehensive loss	(129)	(890)	(1,217)	(3,004)
Tax impact on unrealized gain (loss) on derivatives designated as cash flow hedges	91	0	(1,981)	0
Net change in unrealized gain (loss) on derivatives designated as cash flow hedges	(149)	589	3,239	(536)
Net change in other	136	27	190	78
Other comprehensive income (loss)	65,189	(45,844)	77,992	(24,868)
Total comprehensive loss	(5,599)	(77,342)	(100,185)	(29,293)
Less: Comprehensive income (loss) attributable to noncontrolling interests, net of tax	2,352	(360)	(8,341)	313
Comprehensive loss attributable to VeriFone Systems, Inc. stockholders	$ (7,951)	$ (76,982)	$ (91,844)	$ (29,606)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Current assets:
Cash and cash equivalents	$ 158,826	$ 148,352
Accounts receivable, net of allowances of $14,291 and $14,063, respectively	326,327	323,447
Inventories	127,496	175,231
Prepaid expenses and other current assets	165,856	110,397
Total current assets	778,505	757,427
Property and equipment, net	130,454	202,277
Purchased intangible assets, net	257,532	306,298
Goodwill	1,116,752	1,110,493
Deferred tax assets, net	36,144	36,989
Other long-term assets	99,786	81,323
Total assets	2,419,173	2,494,807
Current liabilities:
Accounts payable	157,118	154,574
Accruals and other current liabilities	253,239	213,411
Deferred revenue, net	110,639	104,797
Short-term debt	68,216	66,017
Total current liabilities	589,212	538,799
Long-term deferred revenue, net	66,806	66,516
Deferred tax liabilities, net	102,401	99,371
Long-term debt	809,885	859,896
Other long-term liabilities	69,982	76,840
Total liabilities	1,638,286	1,641,422
Commitments and contingencies
Redeemable noncontrolling interest in subsidiary	1,084	4,980
Stockholders’ equity:
Preferred stock: $0.01 par value, 10,000 shares authorized, no shares issued and outstanding	0	0
Common stock: $0.01 par value, 200,000 shares authorized, 112,188 and 111,261 shares issued and outstanding as of July 31, 2017 and October 31, 2016, respectively	1,122	1,113
Additional paid-in capital	1,802,204	1,771,951
Accumulated deficit	(795,185)	(618,339)
Accumulated other comprehensive loss	(255,993)	(340,994)
Total VeriFone Systems, Inc. stockholders’ equity	752,148	813,731
Noncontrolling interests in subsidiaries	27,655	34,674
Total equity	779,803	848,405
Total liabilities, redeemable noncontrolling interest in subsidiary and equity	$ 2,419,173	$ 2,494,807

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Statement of Financial Position [Abstract]
Accounts receivable, reserves	$ 14,291	$ 14,063
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	200,000,000	200,000,000
Common stock, shares issued (in shares)	112,188,000	111,261,000
Common stock, shares outstanding (in shares)	112,188,000	111,261,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Cash flows from operating activities
Consolidated net loss	$ (178,177)	$ (4,425)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:
Depreciation and amortization	116,845	133,795
Stock-based compensation expense	30,050	32,889
Deferred income taxes, net	(1,164)	(7,226)
Non-cash restructuring and related charges	107,535	29,100
Goodwill impairment	17,384	0
Other	11,471	5,044
Net cash provided by operating activities before changes in operating assets and liabilities	103,944	189,177
Changes in operating assets and liabilities:
Accounts receivable, net	(15,014)	13,501
Inventories	30,908	(53,300)
Prepaid expenses and other assets	(11,747)	(23,209)
Accounts payable	3,043	(2,294)
Deferred revenue, net	5,837	28,398
Other current and long-term liabilities	23,132	(21,764)
Net change in operating assets and liabilities	36,159	(58,668)
Net cash provided by operating activities	140,103	130,509
Cash flows from investing activities
Capital expenditures	(52,802)	(82,271)
Acquisition of businesses, net of cash and cash equivalents acquired	(4,973)	(172,219)
Divestiture of businesses	1,469	0
Other investing activities, net	321	1,938
Net cash used in investing activities	(55,985)	(252,552)
Cash flows from financing activities
Proceeds from debt, net of issuance costs	215,384	490,378
Repayments of debt	(277,700)	(333,930)
Proceeds from issuance of common stock through employee equity incentive plans	849	3,329
Stock repurchases	0	(79,866)
Other financing activities, net	(3,777)	(4,078)
Net cash provided by (used in) financing activities	(65,244)	75,833
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	6,330	(2,119)
Net increase (decrease) in cash, cash equivalents and restricted cash	25,204	(48,329)
Cash, cash equivalents and restricted cash, beginning of period	159,181	215,869
Cash, cash equivalents and restricted cash, end of period	$ 184,385	$ 167,540

Principles of Consolidation and

Principles of Consolidation and Summary of Significant Accounting Policies	9 Months Ended
	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Principles of Consolidation and Summary of Significant Accounting Policies	Principles of Consolidation and Summary of Significant Accounting Policies Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of VeriFone Systems, Inc. and our wholly-owned and majority-owned subsidiaries, including a variable interest entity where we are deemed to be the primary beneficiary, and have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. The Condensed Consolidated Balance Sheet at October 31, 2016 has been derived from the audited Consolidated Balance Sheet at that date. All significant inter-company accounts and transactions have been eliminated. In accordance with these rules and regulations, we have omitted certain information and notes normally provided in our annual consolidated financial statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, necessary for the fair presentation of our financial position and results of operations for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016. The results of operations for the three and nine months ended July 31, 2017 are not necessarily indicative of the results expected for the entire fiscal year. We have two operating segments: Verifone Systems and Verifone Services. Verifone Systems delivers point of sale electronic payment devices that run our unique operating systems, security and encryption software and certified payment software for both payments and commerce. Verifone Services delivers device related services and maintenance, payment transaction routing and reporting, and commerce based services. Our reportable segments are the same as our operating segments. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions about future events that affect the amounts reported in our consolidated financial statements and accompanying notes. We evaluate our estimates on an ongoing basis when updated information related to such estimates becomes available. We base our estimates on historical experience and information available to us at the time these estimates are made. Actual results could differ materially from these estimates . Significant Accounting Policies During the three and nine months ended July 31, 2017 , there have been no changes in our significant accounting policies as described in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016, except as follows: Equity Method Investments Equity investments are accounted for under the equity method if we are able to exert significant influence over the investee company but do not have a controlling financial interest. Equity method investments, which are initially recorded at fair value and are adjusted for our proportionate share of the earnings and losses of the equity method investee, are included in Other long-term assets in our Consolidated Balance Sheets. Earnings and losses of equity method investments are based on the most recently available financial statements of the investee and are included in Other income (expense), net in our Consolidated Statements of Operations. Basis differences between the cost of an equity method investment and the underlying equity in the long-lived assets are amortized over the estimated economic useful life of the underlying long-lived asset. We periodically review our equity method investments for impairment and record a reduction in the carrying value, if and when necessary. Concentrations of Credit Risk For the three and nine months ended July 31, 2017 and 2016, no single customer accounted for more than 10% of our total Net revenues. As of July 31, 2017 and October 31, 2016, no single customer accounted for more than 10% of our total Accounts receivable, net. Recently Adopted Accounting Pronouncements During August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments, which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We adopted ASU 2016-15 retrospectively, effective November 1, 2016. Adoption had no impact on our consolidated statements of cash flows in any periods presented. During November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows - Restricted Cash, which requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. We adopted ASU 2016-18 retrospectively, effective November 1, 2016. Restricted cash is now included as a component of Cash, cash equivalents and restricted cash on our Consolidated Statements of Cash Flows for all periods presented. During January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The standard is effective for annual or interim impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We adopted this standard in connection with the goodwill impairment assessment of our Taxi Solutions reporting unit during the three months ended April 30, 2017. See Note 7, Goodwill and Purchased Intangible Assets for additional information. Recent Accounting Pronouncements Not Yet Adopted During May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as amended by ASU 2015-14, 2016-08, 2016-10, and 2016-12, which provides new guidance on the recognition of revenue and states that an entity should recognize revenue to depict 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. The standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted as of reporting periods beginning after December 15, 2016. We expect to adopt ASU 2014-09 effective in the first interim period of our fiscal year ending October 31, 2019 and are currently evaluating the transition method we will use. We expect that this standard may impact, in some cases, the timing and amount of revenue recognized, as well as our revenue disclosures. Additionally, the direct costs to obtain and fulfill customer contracts, in some cases, may be deferred and amortized under the new standard. We are in the process of assessing the specific revenue streams impacted and quantifying the materiality of these impacts. During January 2017, the FASB issued ASU 2017-01, Business Combinations - Clarifying the Definition of a Business , which provides new guidance to assist entities with evaluating when a set of transferred assets and activities is a business. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted in certain circumstances. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations. During March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which provides guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial position and results of operations. During May 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation - Scope of Modification Accounting , which provides guidance that clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations. During August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities , which expands and refines hedge accounting for both non-financial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations.

Business Combinations

Business Combinations	9 Months Ended
	Jul. 31, 2017
Equity Method Investments and Joint Ventures [Abstract]
Business Combinations	Business Combinations Fiscal year 2017 Divestiture On June 30, 2017, we divested our controlling interest in Verifone Systems (China), Inc., the entity which operated our China business, to the former general manager of this business. In connection with this divestiture, we retained a 30% equity interest in Verifone Systems (China), Inc., in the form of non-voting preferred equity that has a $29 million liquidation preference and is non-convertible for an initial two year period. Our 30% equity interest is accounted for as a cost method investment, and its fair value, determined using the income approach, was deemed nominal. The income approach, which we believe most appropriately measures the fair value of this income producing asset, calculates fair value by discounting estimated after-tax cash flows to a present value, using a risk-adjusted discount rate. Our investment is classified as Level 3 because we use significant unobservable inputs to determine the expected cash flows and an appropriate discount rate to calculate the fair value. The significant unobservable inputs we use to value this investment include our estimate of the future expected revenues, margins and other cash outlays, as well as expected terminal value growth rates of the China business. See Note 9, Restructuring and Related Charges, for additional information. We have determined that the divested Verifone Systems (China), Inc. entity is a variable interest entity and that we are not the primary beneficiary. Our determination is primarily based upon our conclusions that the divested entity's equity investment at risk is not sufficient to finance its activities without additional financial support, and we do not have the power to direct the activities that most significantly impact the entity's economic performance. Fiscal year 2017 Exchange Transaction On April 7, 2017, we entered into an exchange transaction with DMI Parent, DMI Holdings and Gas Media under which we contributed certain assets, consisting of customer contracts associated with our business of marketing, promoting, selling and distributing media and advertising solutions for display or use in petroleum forecourts in the United States, in exchange for a 50% equity interest in Gas Media, and DMI Parent contributed 100% of its equity interest in DMI Holdings in exchange for a 50% equity interest in Gas Media. Gas Media will be operated by DMI Parent and Verifone, but is not jointly controlled by both parties. In connection with the exchange transaction, we have agreed to guarantee, in certain circumstances, up to $12.5 million out of a total of $83.8 million of debt issued to Gas Media. Our investment in Gas Media is accounted for as an equity method investment and was initially valued at $19.2 million . The debt guarantee was deemed to have a nominal value. We have used the income approach to determine the fair value of our investment in Gas Media. The income approach, which we believe most appropriately measures the fair value of this income producing asset, calculates fair value by discounting estimated after-tax cash flows to a present value, using a risk-adjusted discount rate. Our investment is classified as Level 3 because we use significant unobservable inputs to determine the expected cash flows and an appropriate discount rate to calculate the fair value. The significant unobservable inputs we use to value the Gas Media investment include our estimate of the future expected revenues, margins and other cash outlays, as well as the terminal value growth rates of the Gas Media business. The discount rate used to determine the fair value of this investment is 18.7% . As a result of this exchange transaction, we recorded a $10.1 million gain that is included in Other income (expense), net in the Condensed Consolidated Statements of Operations. The gain was determined as the excess of the fair value of Verifone’s 50% equity interest in Gas Media over the carrying value of the contributed assets, including allocated goodwill. We have made the election to use a one -month lag to record our share of Gas Media results. For the three and nine month periods ended July 31, 2017 , we recorded a $1.2 million loss, which represents our portion of Gas Media earnings, and is included in Other income (expense), net in the Condensed Consolidated Statements of Operations.

Net income (loss) Per Share of

Net income (loss) Per Share of Common Stock	9 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Net income (loss) per Share of Common Stock	Net income (loss) per Share of Common Stock Basic net income (loss) per share of common stock is computed by dividing net income (loss) attributable to VeriFone Systems, Inc. stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share of common stock is computed using the weighted average number of shares of common stock outstanding plus the effect of common stock equivalents, unless the common stock equivalents are anti-dilutive. The potential dilutive shares of our common stock resulting from assumed exercises of equity related instruments are determined using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock will result in a greater number of dilutive securities. The following table presents the computation of net income (loss) per share of common stock (in thousands, except per share data): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Basic and diluted net loss per share attributable to VeriFone Systems, Inc. stockholders: Numerator: Net loss attributable to VeriFone Systems, Inc. stockholders $ (70,955 ) $ (31,138 ) $ (176,845 ) (4,738 ) Denominator: Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic 111,951 110,689 111,669 110,763 Weighted average effect of dilutive stock options, RSUs and RSAs — — — — Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted 111,951 110,689 111,669 110,763 Net loss per share attributable to VeriFone Systems, Inc. stockholders: Basic $ (0.63 ) $ (0.28 ) $ (1.58 ) $ (0.04 ) Diluted $ (0.63 ) $ (0.28 ) $ (1.58 ) $ (0.04 ) For both the three and nine months ended July 31, 2017 , equity incentive awards representing 6.8 million shares of common stock, respectively, were excluded from the calculation of weighted average shares for diluted net loss per share as they were anti-dilutive because we incurred net losses for those periods. For both the three and nine months ended July 31, 2016 , equity incentive awards representing 7.1 million shares of common stock were anti-dilutive because we incurred net losses for those periods. Anti-dilutive awards, which include stock options, RSUs and RSAs, could impact future calculations of diluted net income per share if the fair market value of our common stock increases. For the nine months ended July 31, 2016 , we repurchased approximately 2.6 million shares of our common stock on the open market at an average repurchase price of $28.02 per share pursuant to a stock repurchase program authorized by our Board of Directors in September 2015. No shares were repurchased during the nine months ended July 31, 2017 .

Income Taxes

Income Taxes	9 Months Ended
	Jul. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded tax provisions totaling $10.3 million and $0.3 million for the three months ended July 31, 2017 and 2016, respectively. The income tax provision for the three months ended July 31, 2017 was primarily attributable to foreign taxes and discrete items related to restructuring charges. The income tax provision for the three months ended July 31, 2016 was primarily related to foreign taxes, which were partially offset by the reversal of unrecognized tax benefits where statute of limitations expired or audits have been settled. We recorded tax provisions totaling $22.1 million and $5.4 million for the nine months ended July 31, 2017 and 2016, respectively. The income tax provision for the nine months ended July 31, 2017 was primarily attributable to foreign taxes and discrete items related to restructuring charges. The income tax provision for the nine months ended July 31, 2016 was primarily related to foreign taxes partially offset by the reversal of unrecognized tax benefits where statute of limitations expired or audits have been settled. Our total unrecognized tax benefits were approximately $109.2 million as of July 31, 2017 . The amount of unrecognized tax benefits could be reduced upon closure of tax examinations or if the statute of limitations on certain tax filings expires without assessment from the relevant tax authorities. We believe that it is reasonably possible that there could be an immaterial reduction in unrecognized tax benefits due to statute of limitation expirations in multiple tax jurisdictions during the next 12 months. Interest and penalties accrued on these uncertain tax positions will also be released upon the expiration of the applicable statute of limitations. Israel Tax Audit Assessment We are currently under audit by the Israeli Tax Authorities for fiscal years 2011 through 2015. The Israeli Tax Authorities issued a tax assessment in October 2014 for fiscal year 2009 or alternatively for fiscal year 2008 claiming there was a business restructuring that resulted in a transfer of some functions, assets and risks from VeriFone Israel Ltd. to the U.S. parent company that the Israeli Tax Authorities claim was a sale valued at 1.36 billion New Israeli Shekels (approximately $383.8 million at the foreign exchange rate as of July 31, 2017 ). We filed our objection to the tax assessment in January 2015 and received the Israeli Tax Authorities decision through an Order (a second stage assessment) in January 2016. The Order increased the value of the sale to 2.20 billion New Israeli Shekels in fiscal year 2009 (approximately $620.4 million at the foreign exchange rate as of July 31, 2017 ) or alternatively 2.23 billion New Israeli Shekels in fiscal year 2008 (approximately $627.6 million at the foreign exchange rate as of July 31, 2017 ) and contended secondary adjustments relating to a deemed dividend and/or interest. Based on the Order, these and other claims result in a tax liability and deficiency penalty assessment in the amount of 1.32 billion New Israeli Shekels (approximately $371.3 million at the foreign exchange rate as of July 31, 2017 ), if the claim was assessed for fiscal year 2009, to 1.56 billion New Israeli Shekels (approximately $438.2 million at the foreign exchange rate as of July 31, 2017 ) if the claim was assessed for fiscal year 2008, including interest, the required Israeli price index adjustments (referred to as the linkage differentials) and deficiency fines (as applicable) through July 31, 2017 . The Israeli Tax Authorities' contention regarding secondary adjustments relating to deemed dividend was not quantified by them. We continue to believe the Israeli Tax Authorities' assessment position is without merit and appealed the assessment to the district court. We have agreed with the Israeli Tax Authorities to repay our $69.0 million intercompany loan from VeriFone Israel Ltd. to the extent of the amount of a final agreed tax assessment concerning fiscal year 2008 and fiscal year 2009 or a judgment of a district court in an appeal on the decision of the Israeli Tax Authorities in the objection, if any. Other Audits We have certain other foreign subsidiaries under audit by foreign tax authorities, including Brazil for 2002, Germany for 2013 to 2015, India for fiscal years 2008 to 2015 and New Zealand for fiscal years 2014 and 2015. Although we believe we have appropriately provided for income taxes for the years subject to audit, the Brazil, Germany, India, Israel and New Zealand taxing authorities may adopt different interpretations. We have not yet received any final determinations with respect to these audits. We have accrued tax liabilities associated with these audits. With few exceptions, we are no longer subject to tax examination for periods prior to 2008.

Balance Sheet and Statement of

Balance Sheet and Statement of Operations Components	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements [Abstract]
Balance Sheet and Statement of Operations Components	Balance Sheet and Statement of Operations Components Cash, Cash Equivalents and Restricted Cash The following table provides a reconciliation of cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (in thousands): July 31, 2017 October 31, 2016 Cash and cash equivalents $ 158,826 $ 148,352 Restricted cash included in Prepaid expenses and other current assets 24,114 9,008 Restricted cash included in Other long-term assets 1,445 1,821 Cash, cash equivalents and restricted cash $ 184,385 $ 159,181 Restricted cash as of July 31, 2017 and October 31, 2016 was mainly comprised of pledged deposits. Inventories Inventories consisted of the following (in thousands): July 31, 2017 October 31, 2016 Raw materials $ 31,568 $ 35,453 Work-in-process 551 3,884 Finished goods 95,377 135,894 Total inventories $ 127,496 $ 175,231 Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): July 31, 2017 October 31, 2016 Assets held for sale $ 50,731 $ 5,131 Prepaid expenses 53,234 46,240 Other current assets 61,891 59,026 Total prepaid expenses and other current assets $ 165,856 $ 110,397 Assets held for sale relate to our Taxi Solutions and petroleum media businesses. See Note 9, Restructurings and Related Charges, for additional information. Other current assets were comprised primarily of prepaid taxes and restricted cash. Property and Equipment, Net Property and equipment, net consisted of the following (in thousands): Estimated Useful Life (Years) July 31, 2017 October 31, 2016 Revenue generating assets 5 $ 141,009 $ 209,725 Computer hardware and software 3-5 106,830 112,984 Machinery and equipment 3-10 49,254 57,020 Leasehold improvements Lesser of the term of the lease or the estimated useful life 30,881 31,328 Office equipment, furniture, and fixtures 3-5 20,341 18,573 Buildings 40-50 6,026 6,011 Total depreciable property and equipment, at cost 354,341 435,641 Accumulated depreciation (232,142 ) (243,127 ) Depreciable property and equipment, net 122,199 192,514 Construction in progress 7,081 8,600 Land 1,174 1,163 Total property and equipment, net $ 130,454 $ 202,277 Accruals and Other Current Liabilities Accruals and other current liabilities consisted of the following (in thousands): July 31, 2017 October 31, 2016 Accrued expenses $ 55,166 $ 76,187 Accrued compensation 59,503 52,555 Other current liabilities 138,570 84,669 Total accruals and other current liabilities $ 253,239 $ 213,411 Other current liabilities were comprised primarily of liabilities held for sale, accrued restructuring and related accruals, sales and value-added taxes payable, income taxes payable, and accrued warranty. Accrued Warranty Activity related to accrued warranty consisted of the following (in thousands): Nine Months Ended July 31, 2017 2016 Balance at beginning of period $ 16,656 $ 16,320 Warranty charged to Cost of net revenues 8,546 7,156 Utilization of warranty accrual (10,005 ) (7,348 ) Other 385 124 Balance at end of period 15,582 16,252 Less: current portion (13,667 ) (12,918 ) Long-term portion $ 1,915 $ 3,334 Deferred Revenue, Net Deferred revenue, net of related costs consisted of the following (in thousands): July 31, 2017 October 31, 2016 Deferred revenue $ 199,050 $ 185,788 Deferred cost of revenue (21,605 ) (14,475 ) Deferred revenue, net 177,445 171,313 Less: current portion (110,639 ) (104,797 ) Long-term portion $ 66,806 $ 66,516 Stock-Based Compensation Expense The following table presents the stock-based compensation expense recognized in our Condensed Consolidated Statements of Operations (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Cost of net revenues $ 1,172 $ 871 $ 3,227 2,563 Research and development 1,776 1,850 5,175 5,644 Sales and marketing 2,929 3,204 8,760 10,303 General and administrative 3,442 4,925 12,888 14,379 Total stock-based compensation expense $ 9,319 $ 10,850 $ 30,050 $ 32,889 Accumulated Other Comprehensive Loss Activity related to Accumulated other comprehensive loss consisted of the following (in thousands): Foreign currency translation adjustments (1) Unrealized gain (loss) on derivatives designated as cash flow hedges (2) Other (3) Total Balance at October 31, 2016 $ (333,280 ) $ (2,419 ) $ (5,295 ) $ (340,994 ) Gains before reclassifications 74,952 4,003 — 78,955 Amounts reclassified from Accumulated other comprehensive loss 7,011 1,217 190 8,418 Tax effect (391 ) (1,981 ) — (2,372 ) Other comprehensive income 81,572 3,239 190 85,001 Balance at July 31, 2017 $ (251,708 ) $ 820 $ (5,105 ) $ (255,993 ) (1) Amounts reclassified from Accumulated other comprehensive loss were recorded in Redeemable noncontrolling interest in subsidiary and Noncontrolling interests in subsidiaries in the Condensed Consolidated Balance Sheets. (2) Amounts reclassified from Accumulated other comprehensive loss were recorded in Interest expense, net in the Condensed Consolidated Statements of Operations. (3) Amounts reclassified from Accumulated other comprehensive loss, net of tax, were recorded in General and administrative expenses in the Condensed Consolidated Statements of Operations. The related tax impacts were insignificant.

Financial Instruments

Financial Instruments	9 Months Ended
	Jul. 31, 2017
Fair Value Disclosures [Abstract]
Financial Instruments	Financial Instruments Fair Value Measurements Our financial assets and liabilities consist principally of cash, accounts receivable, accounts payable, debt, foreign exchange forward contracts, interest rate swaps and contingent consideration payable. The estimated fair value of cash, accounts receivable and accounts payable approximates their carrying value. The estimated fair value of our debt approximates the carrying value because the interest rate on such debt adjusts to market rates on a periodic basis. Assets held for sale, foreign exchange forward contracts, interest rate swaps and contingent consideration payable are recorded at estimated fair value. During the nine months ended July 31, 2017 , there was no material change in the items we measure and record at fair value on a recurring basis. Additionally, there were no transfers between levels of the fair value hierarchy in the nine months ended July 31, 2017 . Fair Value of Contingent Consideration Payable The fair value of contingent consideration payable totaled zero at July 31, 2017 and $6.0 million at October 31, 2016 , and is comprised of amounts payable related to acquisitions. We evaluate changes in the assumptions used to calculate the fair value of contingent consideration payable at the end of each period. The maximum liability on contingent consideration payable is indeterminate because it is based on contributions from the acquired businesses. See Note 9, Restructurings and Related Charges, for information regarding assets measured and recorded at fair value on a non-recurring basis. Derivative Financial Instruments Interest Rate Swap Agreements Designated as Cash Flow Hedges We use interest rate swap agreements to hedge the variability in cash flows related to interest payments. As of July 31, 2017 , we have outstanding interest rate swap agreements to effectively convert $450.0 million of the term A loan from a floating rate plus applicable margin to a fixed rate of 1.20% plus applicable margin through March 30, 2018. The principal amount under the term A loan covered by the interest rate swap agreements will decrease to $400.0 million from October 1, 2017 through March 30, 2018. In addition, we have an outstanding interest rate swap agreement to effectively convert $350.0 million of the term A loan to a fixed rate of 0.975% plus applicable margin from March 30, 2018 through June 30, 2019. The interest rate swaps qualify for hedge accounting treatment as cash flow hedges. The notional amounts of interest rate swap agreements outstanding as of July 31, 2017 and October 31, 2016 were $450.0 million and $500.0 million , respectively. Foreign Exchange Forward Contracts Not Designated as Hedging Instruments We arrange and maintain foreign currency exchange forward contracts so as to yield gains or losses to offset changes in foreign currency denominated assets or liabilities due to changes in foreign exchange rates, with the objective to mitigate the volatility associated with foreign currency transaction gains or losses. Our foreign currency exposures are predominantly inter-company receivables and payables arising from product sales and loans from one of our entities to another. Our foreign exchange forward contracts generally mature within 90 days. The notional amounts of such contracts outstanding as of July 31, 2017 and October 31, 2016 were $249.0 million and $175.0 million , respectively. Gains and losses on foreign exchange forward contracts not designated as hedging instruments for the three and nine months ended July 31, 2017 were not material.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	9 Months Ended
	Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Purchased Intangible Assets	Goodwill and Purchased Intangible Assets Goodwill Activity related to goodwill by reportable segment consisted of the following (in thousands): Verifone Systems Verifone Services Total Balance at October 31, 2016 $ 497,126 $ 613,367 $ 1,110,493 Additions — 5,647 5,647 Goodwill impairment — (17,384 ) (17,384 ) Reclassification to assets held for sale — (28,327 ) (28,327 ) Disposals — (10,096 ) (10,096 ) Currency translation adjustments 22,173 34,246 56,419 Balance at July 31, 2017 $ 519,299 $ 597,453 $ 1,116,752 We review goodwill for impairment annually and whenever events or changes in circumstances indicate its carrying amount may not be recoverable. During the second quarter of fiscal year 2017, management concluded that the carrying amount of the goodwill related to our Taxi Solutions reporting unit may not be recoverable, and based on a quantitative assessment, considering potential sales transactions, management determined the fair value of the reporting unit and concluded that the goodwill was impaired by $17.4 million . Also, during the second quarter of fiscal year 2017, our management committed to a plan to sell our Taxi Solutions reporting unit, and the remaining $28.3 million of goodwill was reclassified to assets held for sale. See Note 9, Restructuring and Related Charges, for additional information. Goodwill disposals relate to the exit from our petroleum media business during March 2017. See Note 9, Restructuring and Related Charges, for additional information. There were no indicators of impairment for our Verifone Systems and Verifone Payment Services reporting units during the nine months ended July 31, 2017 . Purchased Intangible Assets, Net Purchased Intangible assets, net consisted of the following (in thousands): July 31, 2017 October 31, 2016 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 512,812 $ (279,020 ) $ 233,792 $ 521,964 $ (249,513 ) $ 272,451 Other 46,179 (22,439 ) 23,740 73,175 (39,328 ) 33,847 Total $ 558,991 $ (301,459 ) $ 257,532 $ 595,139 $ (288,841 ) $ 306,298 Other intangible assets, net, were comprised primarily of developed and core technology. When purchased intangible assets reach the end of their useful lives, gross carrying amount and accumulated amortization are offset. During the nine months ended July 31, 2017 , we offset $40.9 million of Gross carrying amount and Accumulated amortization of intangible assets related to customer relationships and $27.1 million related to other intangible assets, because they reached the end of their useful lives. Amortization of purchased intangible assets was allocated as follows (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Included in Cost of net revenues $ 1,428 $ 3,952 $ 5,502 $ 11,761 Included in Operating expenses 16,696 24,286 53,873 65,886 Total amortization of purchased intangible assets $ 18,124 $ 28,238 $ 59,375 $ 77,647 Total future amortization expense for purchased intangible assets that have finite lives, based on our existing intangible assets and their current estimated useful lives as of July 31, 2017 , is estimated as follows (in thousands): Cost of Operating Total Fiscal Years Ending October 31: Remaining of fiscal year 2017 $ 1,504 $ 15,388 $ 16,892 2018 5,564 58,256 63,820 2019 5,441 52,494 57,935 2020 3,730 44,386 48,116 2021 2,552 32,258 34,810 Thereafter 1,101 34,858 35,959 Total future amortization expense $ 19,892 $ 237,640 $ 257,532

Debt

Debt	9 Months Ended
	Jul. 31, 2017
Debt Disclosure [Abstract]
Debt	Debt Amounts outstanding under our financing arrangements consisted of the following (in thousands): July 31, 2017 October 31, 2016 Credit Agreement Term A loan $ 480,000 $ 525,000 Term B loan 194,000 195,500 Revolving loan 201,153 204,684 Capital leases and other debt 10,793 11,573 Total principal payments due 885,946 936,757 Less: original issue discount and debt issuance costs (7,845 ) (10,844 ) Total amounts outstanding 878,101 925,913 Less: current portion (68,216 ) (66,017 ) Long-term portion $ 809,885 $ 859,896 Credit Agreement Key terms of our credit agreement include financial maintenance covenants and certain representations, warranties, covenants and conditions that are customarily required for similar financings. We complied with all financial covenants under our credit agreement as of July 31, 2017 . Borrowings under the credit agreement may be “Base Rate Borrowings” or “Eurodollar Borrowings” at our option. As of July 31, 2017 , we have elected the Eurodollar option for all of our borrowings. Eurodollar loans bear interest at a monthly market interest rate plus a margin according to the credit agreement. As of July 31, 2017 , the monthly market interest rate was 1.24% for our term A and revolver loans, and 1.24% for our term B loan, and the margins were 2.00% for our term A and revolver loans and 2.75% for our term B loan. Accordingly, as of July 31, 2017 , the interest rate was 3.24% for the term A and revolving loans and 3.99% for the term B loan. We have a number of interest rate swap agreements under which we currently pay banks a fixed rate of 1.20% and receive a monthly floating rate, which effectively converts $450.0 million of the term A loan from a floating interest rate to a fixed interest rate as of July 31, 2017 . See Note 6, Financial Instruments, for additional information. As of July 31, 2017 , the commitment fee for the unused portion of the revolving loan was 0.25% per annum, payable quarterly in arrears, and the amount available to draw under the revolving loan was $298.7 million .

Restructuring and Related Charg

Restructuring and Related Charges	9 Months Ended
	Jul. 31, 2017
Restructuring Charges [Abstract]
Restructurings and Related Charges	Restructuring and Related Charges As part of cost optimization and corporate transformation initiatives, our management has approved, committed to and initiated various restructuring plans to reduce headcount, exit under-performing businesses, and consolidate facilities and data centers. Activity related to our restructuring and related accruals for the nine months ended July 31, 2017 consisted of the following (in thousands): Restructuring Plans Prior year Plans June 2016 Plan June 2017 Plan Employee Employee Involuntary Termination Benefits Facilities Related Costs Employee Involuntary Termination Benefits Other Business Exit Costs Total Balance at October 31, 2016 $ 1,700 $ 5,225 $ 2,807 $ — $ — $ 9,732 Charges, net of adjustments (736 ) 7,283 (750 ) 9,783 28,063 43,643 Cash payments (822 ) (7,793 ) (857 ) (3,765 ) (5,809 ) (19,046 ) Balance at July 31, 2017 $ 142 $ 4,715 $ 1,200 $ 6,018 $ 22,254 $ 34,329 Cumulative costs to date $ 18,596 $ 19,190 $ 2,679 $ 9,783 $ 28,063 Activities under these Restructuring Plans are expected to be substantially complete by the end of fiscal year 2017. Restructuring and related charges were allocated as follows (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Included in Cost of net revenues $ 12,893 $ 2,301 $ 25,250 $ 2,212 Included in Operating expenses 65,705 33,629 135,743 34,196 Total restructuring and related charges $ 78,598 $ 35,930 $ 160,993 $ 36,408 During the second quarter of fiscal year 2017, our management committed to a plan to exit our petroleum media business, which was part of our Verifone Services segment. In connection with this decision, we contributed certain assets to Gas Media, terminated certain customer agreements and classified the remaining assets of this business as held for sale, resulting in a $49.1 million write-down to reflect the assets held for sale at fair value, of which $10.6 million is included in Cost of net revenues and $38.5 million is included in Restructuring and related charges in the Condensed Consolidated Statements of Operations. The fair value of these assets held for sale was determined based upon the value at which the assets are being offered to customers in connection with the termination of the associated customer agreements. Additionally, during the second quarter of fiscal year 2017, we recorded a $28.1 million accrual for future obligations associated with the terminated customer agreements. During the second quarter of fiscal year 2017, our management committed to a plan to sell our Taxi Solutions reporting unit and we classified the net assets and liabilities of this business, including Accounts receivable, Prepaid expenses and other current assets, Fixed Assets, Goodwill and Accruals and other current liabilities, as held for sale. These assets held for sale were stated at fair value in connection with the quantitative assessment of goodwill impairment discussed in Note 7, Goodwill and Purchased Intangible Assets. Additionally, during July 2017, based upon continued negotiations of potential sales transactions, management updated the fair value of the assets held for sale, resulting in a $43.2 million fair value adjustment, which is included in Restructuring and related charges in the Condensed Consolidated Statements of Operations. As of July 31, 2017 , the gross assets held for sale are presented in Prepaid expenses and other current assets in the Condensed Consolidated Balance Sheet and the gross liabilities held for sale are presented in Accruals and other current liabilities in the Condensed Consolidated Balance Sheet. During June 2017, we divested our controlling interest in the entity that operated our China business, including primarily Accounts receivable, Inventories, Prepaid expenses and other current assets, as well as Accounts payable, and Accruals and other current liabilities, resulting in a $24.4 million charge, of which $11.1 million is included in Cost of net revenues and $13.3 million is included in Restructuring and related charges in the Condensed Consolidated Statements of Operations. The fair value of these net assets and liabilities was determined based upon the consideration received in the divestiture transaction. See Note 2, Business Combinations, for additional information. Businesses that we have disposed or are committed to sell incurred losses totaling $70.3 million and $176.4 million for the three and nine months ended July 31, 2017 , respectively, and $40.6 million and $68.7 million for the three and nine months ended July 31, 2016 , respectively. The losses in the three and nine months ended July 31, 2017 include the restructuring and related charges discussed above.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Jul. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments On April 3, 2017, to lock in pricing on certain components, we committed to purchase $144 million of such components over a four year period, $36 million per year, from one of our existing suppliers. As of July 31, 2017 our remaining non-cancelable commitment under this agreement totaled $112.1 million . Other than this arrangement, there have been no material changes to our non-cancelable operating lease commitments and manufacturing agreements since October 31, 2016. Bank Guarantees We have arranged bank guarantees with maturities ranging from two months to eight years to certain of our customers and vendors as required in some countries to support certain performance obligations under our service or other agreements with those parties. As of July 31, 2017 , the maximum amount that may become payable under these guarantees was $17.8 million , of which $2.3 million was collateralized by restricted cash deposits. In addition, in connection with our investment in Gas Station TV we have agreed to guarantee, in certain circumstances, up to $12.5 million of debt issued to Gas Media. As of July 31, 2017 , we have not made any payments and no amounts are accrued related to this guarantee. Contingencies We evaluate the circumstances regarding outstanding and potential litigation and other contingencies on a quarterly basis to determine whether there is at least a reasonable possibility that a loss exists requiring accrual or disclosure, and if so, whether an estimate of the possible loss or range of loss can be made, or whether such an estimate cannot be made. When a loss is probable and reasonably estimable, we accrue for such amount based on our estimate of the probable loss considering information available at the time. When a loss is reasonably possible, we disclose the estimated possible loss or range of loss in excess of amounts accrued, if material. Except as otherwise disclosed below, we do not believe that material losses were probable or that there was a reasonable possibility that a material loss may have been incurred with respect to the matters disclosed. Brazilian Tax Assessments State Value-Added Tax The Brazilian subsidiary we acquired as part of our acquisition of Hypercom in August 2011 received an unfavorable administrative decision on a tax enforcement action against it filed by the São Paulo State Revenue Department for collection of state sales taxes related to purported sales of software for the 1998 and 1999 tax years. In 2004, an appeal against this unfavorable administrative decision was filed in a judicial proceeding. The first level decision in the judicial proceeding was issued in our favor. The São Paulo State Revenue Department filed an appeal of this decision. The second level administrative decision ordered that the case be returned to the lower court in order to allow the production of further evidence. Based on our current understanding of the underlying facts of this matter, we believe it is reasonably possible that we may receive an unfavorable decision in this proceeding. The tax assessment including estimated interest through July 31, 2017 for this matter totals approximately 9.3 million Brazilian reais (approximately $3.0 million at the foreign exchange rate as of July 31, 2017 ). As of July 31, 2017 , we have not accrued for this matter, but we have posted a bank bond as a guaranty. Municipality Services Tax Assessments In December 2009, one of the Brazilian subsidiaries that was acquired as part of the Lipman acquisition was notified of a tax assessment regarding alleged nonpayment of tax on services rendered for the period from September 2004 to December 2004. This assessment was issued by the municipality of São Paulo (the "municipality") and asserts a services tax deficiency and related penalties totaling 875,000 Brazilian reais (approximately $280,000 at the foreign exchange rate as of July 31, 2017 ), excluding interest. The municipality claims that the Brazilian subsidiary rendered certain services within the municipality of São Paulo but simulated that those services were rendered in another city. At the end of December 2010 the municipality issued further tax assessments alleging the same claims for 2005 through June 2007. These additional subsequent claims assert services tax deficiencies and related penalties totaling 5.8 million Brazilian reais (approximately $1.8 million at the foreign exchange rate as of July 31, 2017 ), excluding interest. We received unfavorable decisions from the administrative courts, which ruled to maintain the tax assessments for each of these matters. No further grounds of appeal are available to us for these assessments within the administrative courts. In October 2012, as a result of the decision at the administrative level, the tax authorities filed an enforcement action in the civil courts to collect on the services tax assessments amounts awarded by the administrative court and seeking other related costs and fees. On March 6, 2013, we filed our defensive claims in the civil courts in response to the tax authorities' enforcement action. In February 2013 the tax authorities filed an additional enforcement action in the civil courts to collect on the penalties related to the services tax assessments amounts awarded by the administrative courts. Based on our understanding of the underlying facts of this matter and our evaluation of the potential outcome at the judicial level, we believe it is reasonably possible that our Brazilian subsidiary will be required to pay some amount of the alleged tax assessments and penalties related to these matters, as well as amounts of interest and certain costs and fees imposed by the court related thereto. As of July 31, 2017 , the amount of the alleged tax assessments and penalties related to these matters was approximately 26.4 million Brazilian reais (approximately $8.4 million at the foreign exchange rate as of July 31, 2017 ), including interest, costs and fees related thereto. The Brazilian subsidiary we acquired as part of our acquisition of Hypercom in August 2011 received an unfavorable administrative decision on a tax enforcement action against it filed by the municipality of Curitiba for collection of alleged services tax deficiency. An appeal against this unfavorable administrative decision was filed in a judicial proceeding and currently the case is pending the municipality of Curitiba's compliance with the writ of summons. As of July 31, 2017 , the underlying assessment, including estimated interest, was approximately 5.9 million Brazilian reais (approximately $1.9 million at the foreign exchange rate as of July 31, 2017 ). Based on our current understanding of the underlying facts of this matter, we believe it is reasonably possible that we may receive an unfavorable decision in this proceeding. Israel Securities Class Actions On January 27, 2008, a class action complaint was filed against us in the Central District Court in Tel Aviv, Israel on behalf of purchasers of our stock on the Tel Aviv Stock Exchange. The complaint sought compensation for damages allegedly incurred by the class of plaintiffs due to the publication of erroneous financial reports. On April 2, 2015, the Israeli Supreme Court ruled that the applicable law is U.S. law and dismissed this action as estopped by settlement of the similar consolidated federal securities class action in the U.S. ( In re VeriFone Holdings, Inc., previously reported ). The plaintiff and putative class members in this Israeli action are included in the stipulated settlement of the U.S. class action unless an individual plaintiff opts out. On June 29, 2015, the plaintiff filed a motion for award of compensation and attorneys' fees based on the amount of settlement compensation received by Israelis in the U.S. class action. On January 14, 2016, the Israeli District Court denied this motion. Plaintiff has not timely appealed, that ruling is now final, and this 2008 action is now concluded. On May 12, 2015, a new class action complaint was filed against us in Israel alleging similar claims as the dismissed Israeli class action and alleging that Israeli shareholders were deprived of due process in the U.S. class action settlement proceedings. We are opposing the new class action and plaintiff's class certification motion on substantially the same grounds on which the previous case was dismissed. The court held a pretrial hearing on that motion on May 19, 2016, at which it requested additional information including expert reports, a position paper from the Israel Securities Authority ("ISA") and further briefing. In July 2016, the ISA submitted a position paper supporting our position regarding applicable law. Other requested information has also now been submitted, but the court has not yet ruled. Dolled v. Bergeron et al. On April 19, 2013, a derivative action, Dolled v. Bergeron et al. , Case No. 113-CV-245056, was filed in the Superior Court of California, County of Santa Clara in connection with our February 20, 2013 announcement of preliminary financial results for the fiscal quarter ended January 31, 2013. The action, brought derivatively on behalf of Verifone, names Verifone as a nominal defendant and brings claims for insider selling, breach of fiduciary duty and unjust enrichment variously against certain of our current and former officers and directors. The complaint seeks unspecified monetary damages, restitution and disgorgement of profits and compensation paid to defendants, injunctive relief directing us to reform its corporate governance, and payment of the plaintiff's costs and attorneys' fees. On May 30, 2013, the court entered the parties' stipulation and proposed order, which appointed plaintiff and plaintiff's counsel as lead plaintiff and lead counsel, respectively, in the consolidated action, captioned In re VeriFone Systems, Inc. Derivative Litigation . The next case management conference is scheduled for October 27, 2017. Zoumboulakis v. McGinn et al. On May 24, 2013, a federal derivative action, Zoumboulakis v. McGinn et al. , Case No. 13-CV-02379, was filed in the U.S. District Court for the Northern District of California against certain current and former directors and officers derivatively on our behalf. The complaint, which named us as a nominal defendant, alleges breach of fiduciary duty and abuse of control and asserts claims under Section 14(a) of the Securities Exchange Act of 1934 for false or misleading financial statements and proxy statement disclosures. The original complaint sought unspecified monetary damages, including exemplary damages, restitution from defendants, injunctive relief directing us to make certain corporate governance reforms, and payment of the plaintiff's costs and attorneys' fees. On August 12, 2013, the court granted defendants' motion to relate this action to the pending shareholder class action, Sanders v. VeriFone Systems, Inc. et al . On January 21, 2014, plaintiff filed a first amended complaint, which removed one of our former officers from the action and added an additional former director as a defendant. The first amended complaint asserted claims against the defendants for breach of fiduciary duty, abuse of control, violations of Securities Exchange Act Section 14(a) and unjust enrichment. The first amended complaint also included claims for insider trading against three of the named former and current directors. On August 7, 2014, the court granted our motion to dismiss the first amended complaint with leave to amend. On October 17, 2014, plaintiff filed a second amended complaint, to which we responded by filing another motion to dismiss. On December 3, 2015, the court granted our motion to dismiss, again with leave to amend. On January 20, 2016, plaintiff filed a third amended complaint alleging demand futility with respect to the current Board. On March 1, 2016, we filed another motion to dismiss, on which the court has not yet ruled. If either of these derivative lawsuits is resolved adversely to us, it could have a material adverse effect on our business, financial condition, results of operations and cash flows. Indian Antitrust Proceedings The Competition Commission of India ("CCI") investigated certain complaints made against us alleging unfair practices based on certain provisions in our software development license arrangements in India. We cooperated with requests by the CCI in its investigation. In March 2014, the Director General of the CCI investigating the allegations issued a report rejecting certain of the allegations, but also finding that certain provisions of our licenses may constitute unfair business practices. VeriFone India Sales Pvt. Ltd. filed objections to that report. In April 2015, the CCI issued rulings directing Verifone India to cease and desist from engaging in the alleged anti-competitive conduct and imposing a penalty, the amount of which is not material to our results of operations. We have deposited 10% of this penalty amount and accrued the balance while we appeal these rulings. On June 15, 2015, we filed appeals and interim applications with the Competition Appellate Tribunal ("COMPAT") to stay the CCI orders. The appellate court granted our interim applications to stay all proceedings at least until the final appellate hearing. That appellate hearing commenced on January 19, 2016, and was next scheduled to continue on May 31, 2017, but was taken off that tribunal's calendar due to the May 26, 2017 merger of the COMPAT with the National Company Law Appellate Tribunal ("NCLAT"). These appeals will now be reheard before the NCLAT Bench starting on September 18, 2017. The CCI's rulings reserved the right to pursue additional proceedings against individuals that it deems responsible for the alleged conduct. We are unable to make any estimate of potential loss for any further proceedings the CCI may pursue but do not expect it to be material to our results of operations. Other Litigation Certain of the foregoing cases are still in the preliminary stages, and we are not able to quantify the extent of our potential liability, if any, other than as described above. Further, the outcome of litigation is inherently unpredictable and subject to significant uncertainties. If any of these matters are resolved adversely to us, this could have a material adverse effect on our business, financial condition, results of operations and cash flows. In addition, defending these legal proceedings is likely to be costly, which may have a material adverse effect on our financial condition, results of operations and cash flows, and may divert management's attention from the day-to-day operations of our business. We are subject to various other legal proceedings related to commercial, customer and employment matters that have arisen during the ordinary course of business. The outcome of such legal proceedings is inherently unpredictable and subject to significant uncertainties. Although there can be no assurance as to the ultimate disposition of these matters, our management has determined, based upon the information available at the date of these financial statements, including anticipated expected availability of insurance coverage, that the expected outcome of these matters, individually or in the aggregate, will not have a material adverse effect on our consolidated financial position, results of operations or cash flows. Income Tax Uncertainties As of July 31, 2017 , the amount payable for unrecognized tax benefits was $36.4 million , including accrued interest and penalties, none of which is expected to be paid within one year. This amount is included in Other long-term liabilities in our Condensed Consolidated Balance Sheet as of July 31, 2017 . We are unable to make a reasonably reliable estimate as to when cash settlement with a taxing authority may occur.

Segment and Geographic Informat

Segment and Geographic Information	9 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information Net revenues and operating income (loss) of each segment reflect net revenues and expenses that are directly attributable to that segment. Net revenues and expenses not allocated to segment net revenues and segment operating income include amortization of purchased intangible assets, amortization of step-down in deferred services net revenues and associated costs of net revenues at acquisition, restructuring and related charges, goodwill impairment, stock-based compensation, as well as general and administrative and corporate research and development expense. We do not separately evaluate assets by segment and therefore assets by segment are not presented below. The following table sets forth net revenues for our reportable segments and reconciles segment net revenues to total net revenues (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Segment net revenues: Verifone Systems $ 265,951 $ 292,072 $ 817,027 $ 972,107 Verifone Services 200,915 200,513 580,388 566,390 Total segment net revenues 466,866 492,585 1,397,415 1,538,497 Amortization of step down in deferred services net revenues at acquisition — (4,453 ) (2,993 ) (10,548 ) Total net revenues $ 466,866 $ 488,132 $ 1,394,422 $ 1,527,949 The following table sets forth operating income for our reportable segments and reconciles segment operating income to consolidated operating income (loss) (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Operating income by segment: Verifone Systems $ 43,627 $ 63,564 $ 131,368 $ 222,434 Verifone Services 56,017 50,400 144,576 138,975 Total segment operating income 99,644 113,964 275,944 361,409 Items not attributable to segment operating income: Amortization of step down in deferred services gross margin at acquisition — (3,057 ) (2,385 ) (7,482 ) Restructuring and related charges (78,598 ) (38,851 ) (160,993 ) (39,329 ) Amortization of purchase intangible assets (18,124 ) (28,238 ) (59,375 ) (77,647 ) Stock-based compensation expense (9,319 ) (10,850 ) (30,050 ) (32,889 ) Litigation settlement and loss contingency expense — (600 ) — (600 ) Goodwill impairment — — (17,384 ) — Unallocated general and administrative expenses (41,425 ) (44,828 ) (129,539 ) (142,663 ) Unallocated research and development expenses 1,470 (5,652 ) (6,456 ) (15,245 ) Other unallocated costs (3,862 ) (4,233 ) (5,805 ) (11,904 ) Total operating income (loss) $ (50,214 ) $ (22,345 ) $ (136,043 ) $ 33,650

Principles of Consolidation a18

Principles of Consolidation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Jul. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements include the accounts of VeriFone Systems, Inc. and our wholly-owned and majority-owned subsidiaries, including a variable interest entity where we are deemed to be the primary beneficiary, and have been prepared in accordance with U.S. GAAP for interim financial information and with the instructions on Form 10-Q pursuant to the rules and regulations of the U.S. Securities and Exchange Commission. The Condensed Consolidated Balance Sheet at October 31, 2016 has been derived from the audited Consolidated Balance Sheet at that date. All significant inter-company accounts and transactions have been eliminated. In accordance with these rules and regulations, we have omitted certain information and notes normally provided in our annual consolidated financial statements. In the opinion of management, the unaudited Condensed Consolidated Financial Statements contain all adjustments, consisting only of normal recurring items, necessary for the fair presentation of our financial position and results of operations for the interim periods. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and Notes thereto included in our Annual Report on Form 10-K for the fiscal year ended October 31, 2016. The results of operations for the three and nine months ended July 31, 2017 are not necessarily indicative of the results expected for the entire fiscal year. We have two operating segments: Verifone Systems and Verifone Services. Verifone Systems delivers point of sale electronic payment devices that run our unique operating systems, security and encryption software and certified payment software for both payments and commerce. Verifone Services delivers device related services and maintenance, payment transaction routing and reporting, and commerce based services. Our reportable segments are the same as our operating segments.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires us to make estimates and assumptions about future events that affect the amounts reported in our consolidated financial statements and accompanying notes. We evaluate our estimates on an ongoing basis when updated information related to such estimates becomes available. We base our estimates on historical experience and information available to us at the time these estimates are made. Actual results could differ materially from these estimates .
Equity Method Investments	Equity Method Investments Equity investments are accounted for under the equity method if we are able to exert significant influence over the investee company but do not have a controlling financial interest. Equity method investments, which are initially recorded at fair value and are adjusted for our proportionate share of the earnings and losses of the equity method investee, are included in Other long-term assets in our Consolidated Balance Sheets. Earnings and losses of equity method investments are based on the most recently available financial statements of the investee and are included in Other income (expense), net in our Consolidated Statements of Operations. Basis differences between the cost of an equity method investment and the underlying equity in the long-lived assets are amortized over the estimated economic useful life of the underlying long-lived asset. We periodically review our equity method investments for impairment and record a reduction in the carrying value, if and when necessary.
Concentration of Credit Risk	Concentrations of Credit Risk For the three and nine months ended July 31, 2017 and 2016, no single customer accounted for more than 10% of our total Net revenues. As of July 31, 2017 and October 31, 2016, no single customer accounted for more than 10% of our total Accounts receivable, net.
Recently Adopted and Not Yet Adopted Accounting Pronouncements	Recently Adopted Accounting Pronouncements During August 2016, the FASB issued ASU 2016-15, Statement of Cash Flows - Classification of Certain Cash Receipts and Cash Payments, which addresses eight specific cash flow issues with the objective of reducing the existing diversity in practice in how certain cash receipts and cash payments are presented and classified in the statement of cash flows. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. We adopted ASU 2016-15 retrospectively, effective November 1, 2016. Adoption had no impact on our consolidated statements of cash flows in any periods presented. During November 2016, the FASB issued ASU 2016-18, Statement of Cash Flows - Restricted Cash, which requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows. This standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. We adopted ASU 2016-18 retrospectively, effective November 1, 2016. Restricted cash is now included as a component of Cash, cash equivalents and restricted cash on our Consolidated Statements of Cash Flows for all periods presented. During January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other: Simplifying the Test for Goodwill Impairment , which simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. The standard is effective for annual or interim impairment tests in fiscal years beginning after December 15, 2019. Early adoption is permitted for interim or annual goodwill impairment tests performed on testing dates after January 1, 2017. We adopted this standard in connection with the goodwill impairment assessment of our Taxi Solutions reporting unit during the three months ended April 30, 2017. See Note 7, Goodwill and Purchased Intangible Assets for additional information. Recent Accounting Pronouncements Not Yet Adopted During May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as amended by ASU 2015-14, 2016-08, 2016-10, and 2016-12, which provides new guidance on the recognition of revenue and states that an entity should recognize revenue to depict 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. The standard is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is permitted as of reporting periods beginning after December 15, 2016. We expect to adopt ASU 2014-09 effective in the first interim period of our fiscal year ending October 31, 2019 and are currently evaluating the transition method we will use. We expect that this standard may impact, in some cases, the timing and amount of revenue recognized, as well as our revenue disclosures. Additionally, the direct costs to obtain and fulfill customer contracts, in some cases, may be deferred and amortized under the new standard. We are in the process of assessing the specific revenue streams impacted and quantifying the materiality of these impacts. During January 2017, the FASB issued ASU 2017-01, Business Combinations - Clarifying the Definition of a Business , which provides new guidance to assist entities with evaluating when a set of transferred assets and activities is a business. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted in certain circumstances. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations. During March 2017, the FASB issued ASU 2017-07, Compensation—Retirement Benefits - Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost , which provides guidance to improve the presentation of net periodic pension cost and net periodic postretirement benefit cost. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted. The adoption of this standard is not expected to have a material impact on our consolidated financial position and results of operations. During May 2017, the FASB issued ASU 2017-09, Compensation - Stock Compensation - Scope of Modification Accounting , which provides guidance that clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The standard is effective for fiscal years beginning after December 15, 2017, including interim periods within those fiscal years. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations. During August 2017, the FASB issued ASU 2017-12, Derivatives and Hedging - Targeted Improvements to Accounting for Hedging Activities , which expands and refines hedge accounting for both non-financial and financial risk components and aligns the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The standard is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early adoption is permitted for any interim and annual financial statements that have not yet been issued. We are currently in the process of evaluating our adoption timing and the impact of this new pronouncement on our consolidated financial position and results of operations.
Net Income (loss) per Share of Common Stock	Basic net income (loss) per share of common stock is computed by dividing net income (loss) attributable to VeriFone Systems, Inc. stockholders by the weighted average number of shares of common stock outstanding for the period. Diluted net income (loss) per share of common stock is computed using the weighted average number of shares of common stock outstanding plus the effect of common stock equivalents, unless the common stock equivalents are anti-dilutive. The potential dilutive shares of our common stock resulting from assumed exercises of equity related instruments are determined using the treasury stock method. Under the treasury stock method, an increase in the fair market value of our common stock will result in a greater number of dilutive securities.

Net income (loss) Per Share o19

Net income (loss) Per Share of Common Stock (Tables)	9 Months Ended
	Jul. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Basic and Diluted	The following table presents the computation of net income (loss) per share of common stock (in thousands, except per share data): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Basic and diluted net loss per share attributable to VeriFone Systems, Inc. stockholders: Numerator: Net loss attributable to VeriFone Systems, Inc. stockholders $ (70,955 ) $ (31,138 ) $ (176,845 ) (4,738 ) Denominator: Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic 111,951 110,689 111,669 110,763 Weighted average effect of dilutive stock options, RSUs and RSAs — — — — Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted 111,951 110,689 111,669 110,763 Net loss per share attributable to VeriFone Systems, Inc. stockholders: Basic $ (0.63 ) $ (0.28 ) $ (1.58 ) $ (0.04 ) Diluted $ (0.63 ) $ (0.28 ) $ (1.58 ) $ (0.04 )

Balance Sheet and Statement o20

Balance Sheet and Statement of Operations Components (Tables)	9 Months Ended
	Jul. 31, 2017
Notes to Financial Statements [Abstract]
Schedule of Cash, Cash Equivalents, and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (in thousands): July 31, 2017 October 31, 2016 Cash and cash equivalents $ 158,826 $ 148,352 Restricted cash included in Prepaid expenses and other current assets 24,114 9,008 Restricted cash included in Other long-term assets 1,445 1,821 Cash, cash equivalents and restricted cash $ 184,385 $ 159,181
Schedule of Inventory, Current	Inventories consisted of the following (in thousands): July 31, 2017 October 31, 2016 Raw materials $ 31,568 $ 35,453 Work-in-process 551 3,884 Finished goods 95,377 135,894 Total inventories $ 127,496 $ 175,231
Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): July 31, 2017 October 31, 2016 Assets held for sale $ 50,731 $ 5,131 Prepaid expenses 53,234 46,240 Other current assets 61,891 59,026 Total prepaid expenses and other current assets $ 165,856 $ 110,397
Property and Equipment, Net	Property and equipment, net consisted of the following (in thousands): Estimated Useful Life (Years) July 31, 2017 October 31, 2016 Revenue generating assets 5 $ 141,009 $ 209,725 Computer hardware and software 3-5 106,830 112,984 Machinery and equipment 3-10 49,254 57,020 Leasehold improvements Lesser of the term of the lease or the estimated useful life 30,881 31,328 Office equipment, furniture, and fixtures 3-5 20,341 18,573 Buildings 40-50 6,026 6,011 Total depreciable property and equipment, at cost 354,341 435,641 Accumulated depreciation (232,142 ) (243,127 ) Depreciable property and equipment, net 122,199 192,514 Construction in progress 7,081 8,600 Land 1,174 1,163 Total property and equipment, net $ 130,454 $ 202,277
Schedule of Accruals and Other Current Liabilities	Accruals and other current liabilities consisted of the following (in thousands): July 31, 2017 October 31, 2016 Accrued expenses $ 55,166 $ 76,187 Accrued compensation 59,503 52,555 Other current liabilities 138,570 84,669 Total accruals and other current liabilities $ 253,239 $ 213,411
Schedule of product warranty liability	Activity related to accrued warranty consisted of the following (in thousands): Nine Months Ended July 31, 2017 2016 Balance at beginning of period $ 16,656 $ 16,320 Warranty charged to Cost of net revenues 8,546 7,156 Utilization of warranty accrual (10,005 ) (7,348 ) Other 385 124 Balance at end of period 15,582 16,252 Less: current portion (13,667 ) (12,918 ) Long-term portion $ 1,915 $ 3,334
Schedule of Deferred Revenue	Deferred revenue, net of related costs consisted of the following (in thousands): July 31, 2017 October 31, 2016 Deferred revenue $ 199,050 $ 185,788 Deferred cost of revenue (21,605 ) (14,475 ) Deferred revenue, net 177,445 171,313 Less: current portion (110,639 ) (104,797 ) Long-term portion $ 66,806 $ 66,516
Schedule of Stock-Based Compensation Expense	Stock-Based Compensation Expense The following table presents the stock-based compensation expense recognized in our Condensed Consolidated Statements of Operations (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Cost of net revenues $ 1,172 $ 871 $ 3,227 2,563 Research and development 1,776 1,850 5,175 5,644 Sales and marketing 2,929 3,204 8,760 10,303 General and administrative 3,442 4,925 12,888 14,379 Total stock-based compensation expense $ 9,319 $ 10,850 $ 30,050 $ 32,889
Schedule of Accumulated Other Comprehensive Loss	Activity related to Accumulated other comprehensive loss consisted of the following (in thousands): Foreign currency translation adjustments (1) Unrealized gain (loss) on derivatives designated as cash flow hedges (2) Other (3) Total Balance at October 31, 2016 $ (333,280 ) $ (2,419 ) $ (5,295 ) $ (340,994 ) Gains before reclassifications 74,952 4,003 — 78,955 Amounts reclassified from Accumulated other comprehensive loss 7,011 1,217 190 8,418 Tax effect (391 ) (1,981 ) — (2,372 ) Other comprehensive income 81,572 3,239 190 85,001 Balance at July 31, 2017 $ (251,708 ) $ 820 $ (5,105 ) $ (255,993 ) (1) Amounts reclassified from Accumulated other comprehensive loss were recorded in Redeemable noncontrolling interest in subsidiary and Noncontrolling interests in subsidiaries in the Condensed Consolidated Balance Sheets. (2) Amounts reclassified from Accumulated other comprehensive loss were recorded in Interest expense, net in the Condensed Consolidated Statements of Operations. (3) Amounts reclassified from Accumulated other comprehensive loss, net of tax, were recorded in General and administrative expenses in the Condensed Consolidated Statements of Operations. The related tax impacts were insignificant.

Goodwill and Purchased Intang21

Goodwill and Purchased Intangible Assets (Tables)	9 Months Ended
	Jul. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	Activity related to goodwill by reportable segment consisted of the following (in thousands): Verifone Systems Verifone Services Total Balance at October 31, 2016 $ 497,126 $ 613,367 $ 1,110,493 Additions — 5,647 5,647 Goodwill impairment — (17,384 ) (17,384 ) Reclassification to assets held for sale — (28,327 ) (28,327 ) Disposals — (10,096 ) (10,096 ) Currency translation adjustments 22,173 34,246 56,419 Balance at July 31, 2017 $ 519,299 $ 597,453 $ 1,116,752
Schedule of Finite-Lived Intangible Assets	Purchased Intangible assets, net consisted of the following (in thousands): July 31, 2017 October 31, 2016 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 512,812 $ (279,020 ) $ 233,792 $ 521,964 $ (249,513 ) $ 272,451 Other 46,179 (22,439 ) 23,740 73,175 (39,328 ) 33,847 Total $ 558,991 $ (301,459 ) $ 257,532 $ 595,139 $ (288,841 ) $ 306,298
Intangible Assets Amortization Expense	Amortization of purchased intangible assets was allocated as follows (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Included in Cost of net revenues $ 1,428 $ 3,952 $ 5,502 $ 11,761 Included in Operating expenses 16,696 24,286 53,873 65,886 Total amortization of purchased intangible assets $ 18,124 $ 28,238 $ 59,375 $ 77,647
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Cost of Operating Total Fiscal Years Ending October 31: Remaining of fiscal year 2017 $ 1,504 $ 15,388 $ 16,892 2018 5,564 58,256 63,820 2019 5,441 52,494 57,935 2020 3,730 44,386 48,116 2021 2,552 32,258 34,810 Thereafter 1,101 34,858 35,959 Total future amortization expense $ 19,892 $ 237,640 $ 257,532

Debt (Tables)

Debt (Tables)	9 Months Ended
	Jul. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt	Amounts outstanding under our financing arrangements consisted of the following (in thousands): July 31, 2017 October 31, 2016 Credit Agreement Term A loan $ 480,000 $ 525,000 Term B loan 194,000 195,500 Revolving loan 201,153 204,684 Capital leases and other debt 10,793 11,573 Total principal payments due 885,946 936,757 Less: original issue discount and debt issuance costs (7,845 ) (10,844 ) Total amounts outstanding 878,101 925,913 Less: current portion (68,216 ) (66,017 ) Long-term portion $ 809,885 $ 859,896

Restructuring and Related Cha23

Restructuring and Related Charges (Tables)	9 Months Ended
	Jul. 31, 2017
Restructuring Charges [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Activity related to our restructuring and related accruals for the nine months ended July 31, 2017 consisted of the following (in thousands): Restructuring Plans Prior year Plans June 2016 Plan June 2017 Plan Employee Employee Involuntary Termination Benefits Facilities Related Costs Employee Involuntary Termination Benefits Other Business Exit Costs Total Balance at October 31, 2016 $ 1,700 $ 5,225 $ 2,807 $ — $ — $ 9,732 Charges, net of adjustments (736 ) 7,283 (750 ) 9,783 28,063 43,643 Cash payments (822 ) (7,793 ) (857 ) (3,765 ) (5,809 ) (19,046 ) Balance at July 31, 2017 $ 142 $ 4,715 $ 1,200 $ 6,018 $ 22,254 $ 34,329 Cumulative costs to date $ 18,596 $ 19,190 $ 2,679 $ 9,783 $ 28,063
Restructuring and Related Costs	Restructuring and related charges were allocated as follows (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Included in Cost of net revenues $ 12,893 $ 2,301 $ 25,250 $ 2,212 Included in Operating expenses 65,705 33,629 135,743 34,196 Total restructuring and related charges $ 78,598 $ 35,930 $ 160,993 $ 36,408

Segment and Geographic Inform24

Segment and Geographic Information (Tables)	9 Months Ended
	Jul. 31, 2017
Segment Reporting [Abstract]
Reconciliation of Revenue from Segments to Consolidated	The following table sets forth net revenues for our reportable segments and reconciles segment net revenues to total net revenues (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Segment net revenues: Verifone Systems $ 265,951 $ 292,072 $ 817,027 $ 972,107 Verifone Services 200,915 200,513 580,388 566,390 Total segment net revenues 466,866 492,585 1,397,415 1,538,497 Amortization of step down in deferred services net revenues at acquisition — (4,453 ) (2,993 ) (10,548 ) Total net revenues $ 466,866 $ 488,132 $ 1,394,422 $ 1,527,949
Reconciliation of Operating Profit (Loss) from Segments to Consolidated	The following table sets forth operating income for our reportable segments and reconciles segment operating income to consolidated operating income (loss) (in thousands): Three Months Ended July 31, Nine Months Ended July 31, 2017 2016 2017 2016 Operating income by segment: Verifone Systems $ 43,627 $ 63,564 $ 131,368 $ 222,434 Verifone Services 56,017 50,400 144,576 138,975 Total segment operating income 99,644 113,964 275,944 361,409 Items not attributable to segment operating income: Amortization of step down in deferred services gross margin at acquisition — (3,057 ) (2,385 ) (7,482 ) Restructuring and related charges (78,598 ) (38,851 ) (160,993 ) (39,329 ) Amortization of purchase intangible assets (18,124 ) (28,238 ) (59,375 ) (77,647 ) Stock-based compensation expense (9,319 ) (10,850 ) (30,050 ) (32,889 ) Litigation settlement and loss contingency expense — (600 ) — (600 ) Goodwill impairment — — (17,384 ) — Unallocated general and administrative expenses (41,425 ) (44,828 ) (129,539 ) (142,663 ) Unallocated research and development expenses 1,470 (5,652 ) (6,456 ) (15,245 ) Other unallocated costs (3,862 ) (4,233 ) (5,805 ) (11,904 ) Total operating income (loss) $ (50,214 ) $ (22,345 ) $ (136,043 ) $ 33,650

Principles of Consolidation a25

Principles of Consolidation and Summary of Significant Accounting Policies (Details)	9 Months Ended
	Jul. 31, 2017segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2
Number of reportable segments	2

Business Combinations (Details)

Business Combinations (Details) - USD ($)	Jun. 30, 2017	Apr. 07, 2017	Jul. 31, 2017	Jul. 31, 2017
Schedule of Equity Method Investments [Line Items]
Debt issuance guaranteed maximum			$ 17,800,000	$ 17,800,000
Gas Media
Schedule of Equity Method Investments [Line Items]
Debt issuance guaranteed maximum			12,500,000	12,500,000
Debt issued		$ 83,800,000
Gas Media
Schedule of Equity Method Investments [Line Items]
Equity interest		50.00%
Value of equity method investment		$ 19,200,000
Gain from difference between fair value and underlying equity		$ 10,100,000
Duration of lag to record share of results		1 month
Gain (loss) on equity method investment			$ 1,200,000	$ 1,200,000
Gas Media | DMI Parent
Schedule of Equity Method Investments [Line Items]
Equity interest		50.00%
Gas Media | Payment Guarantee
Schedule of Equity Method Investments [Line Items]
Debt issuance guaranteed maximum		$ 12,500,000
DMI Holdings | DMI Parent
Schedule of Equity Method Investments [Line Items]
Equity interest		100.00%
Fair Value, Inputs, Level 3 | Investments | Gas Media
Schedule of Equity Method Investments [Line Items]
Fair value inputs, discount rate		18.70%
China Business
Schedule of Equity Method Investments [Line Items]
Equity interest	30.00%
Liquidation preference	$ 29,000,000
Non-convertible term	2 years

Net income (loss) Per Share o27

Net income (loss) Per Share of Common Stock - Computation of Net Income Per Common Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Numerator:
Net loss attributable to VeriFone Systems, Inc. stockholders	$ (70,955)	$ (31,138)	$ (176,845)	$ (4,738)
Denominator:
Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic (in shares)	111,951	110,689	111,669	110,763
Weighted average effect of dilutive stock options, RSUs and RSAs (in shares)	0	0	0	0
Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted (in shares)	111,951	110,689	111,669	110,763
Net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in dollars per share)	$ (0.63)	$ (0.28)	$ (1.58)	$ (0.04)
Diluted (in dollars per share)	$ (0.63)	$ (0.28)	$ (1.58)	$ (0.04)

Net income (loss) Per Share o28

Net income (loss) Per Share of Common Stock - Additional Information (Details) - $ / shares	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	6,800,000	7,100,000	6,800,000	7,100,000
Stock repurchased during period, shares (in shares)			0	2,600,000
Treasury stock acquired, average cost per share (in dollars per share)				$ 28.02

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) $ in Thousands, ₪ in Millions	1 Months Ended				3 Months Ended		9 Months Ended		12 Months Ended
	Jan. 31, 2016USD ($)	Jan. 31, 2016ILS (₪)	Oct. 31, 2014USD ($)	Oct. 31, 2014ILS (₪)	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Jul. 31, 2017USD ($)	Jul. 31, 2016USD ($)	Oct. 31, 2017USD ($)	Jul. 31, 2017ILS (₪)
Income Tax Contingency [Line Items]
Provision for income taxes					$ 10,286	$ 286	$ 22,088	$ 5,372
Unrecognized tax benefits					109,200		109,200
Scenario, Forecast | intercompany loan | ISRAEL
Income Tax Contingency [Line Items]
Repayment of debt									$ 69,000
Foreign Tax Authority
Income Tax Contingency [Line Items]
Amount of transaction under examination			$ 383,800	₪ 1,360
Tax Year 2009 | Foreign Tax Authority
Income Tax Contingency [Line Items]
Amount of transaction under examination	$ 620,400	₪ 2,200
Estimate of possible loss					371,300		371,300			₪ 1,320
Tax Year 2008 | Foreign Tax Authority
Income Tax Contingency [Line Items]
Amount of transaction under examination	$ 627,600	₪ 2,230
Estimate of possible loss					$ 438,200		$ 438,200			₪ 1,560

Balance Sheet and Statement o30

Balance Sheet and Statement of Operations Components - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016	Jul. 31, 2016	Oct. 31, 2015
Notes to Financial Statements [Abstract]
Cash and cash equivalents	$ 158,826	$ 148,352
Restricted cash included in Prepaid expenses and other current assets	24,114	9,008
Restricted cash included in Other long-term assets	1,445	1,821
Cash, cash equivalents and restricted cash	$ 184,385	$ 159,181	$ 167,540	$ 215,869

Balance Sheet and Statement o31

Balance Sheet and Statement of Operations Components - Inventories (Detail) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Notes to Financial Statements [Abstract]
Raw materials	$ 31,568	$ 35,453
Work-in-process	551	3,884
Finished goods	95,377	135,894
Total inventories	$ 127,496	$ 175,231

Balance Sheet and Statement o32

Balance Sheet and Statement of Operations Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Notes to Financial Statements [Abstract]
Assets held for sale	$ 50,731	$ 5,131
Prepaid expenses	53,234	46,240
Other current assets	61,891	59,026
Total prepaid expenses and other current assets	$ 165,856	$ 110,397

Balance Sheet and Statement o33

Balance Sheet and Statement of Operations Components - Property and Equipment, Net (Details) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2017	Oct. 31, 2016
Property, Plant and Equipment [Line Items]
Accumulated depreciation	$ (232,142)	$ (243,127)
Property and equipment, net	130,454	202,277
Depreciable Property, Plant and Equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	354,341	435,641
Property and equipment, net	$ 122,199	192,514
Revenue generating assets
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	5 years
Property and equipment, gross	$ 141,009	209,725
Computer hardware and software
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 106,830	112,984
Computer hardware and software | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	3 years
Computer hardware and software | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	5 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 49,254	57,020
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	10 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 30,881	31,328
Office equipment, furniture, and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 20,341	18,573
Office equipment, furniture, and fixtures | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	3 years
Office equipment, furniture, and fixtures | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	5 years
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 6,026	6,011
Buildings | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	40 years
Buildings | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Life (Years)	50 years
Construction in progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,081	8,600
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,174	$ 1,163

Balance Sheet and Statement o34

Balance Sheet and Statement of Operations Components - Accruals and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Notes to Financial Statements [Abstract]
Accrued expenses	$ 55,166	$ 76,187
Accrued compensation	59,503	52,555
Other current liabilities	138,570	84,669
Total accruals and other current liabilities	$ 253,239	$ 213,411

Balance Sheet and Statement o35

Balance Sheet and Statement of Operations Components - Accrued Warranty (Detail) - USD ($) $ in Thousands	9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 16,656	$ 16,320
Warranty charged to Cost of net revenues	8,546	7,156
Utilization of warranty accrual	(10,005)	(7,348)
Other	385	124
Balance at end of period	15,582	16,252
Less: current portion	(13,667)	(12,918)
Long-term portion	$ 1,915	$ 3,334

Balance Sheet and Statement o36

Balance Sheet and Statement of Operations Components - Deferred Revenue, Net (Detail) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Notes to Financial Statements [Abstract]
Deferred revenue	$ 199,050	$ 185,788
Deferred cost of revenue	(21,605)	(14,475)
Deferred revenue, net	177,445	171,313
Less: current portion	(110,639)	(104,797)
Long-term portion	$ 66,806	$ 66,516

Balance Sheet and Statement o37

Balance Sheet and Statement of Operations Components - Stock-Based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 9,319	$ 10,850	$ 30,050	$ 32,889
Cost of net revenues
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,172	871	3,227	2,563
Research and development
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,776	1,850	5,175	5,644
Sales and marketing
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,929	3,204	8,760	10,303
General and administrative
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 3,442	$ 4,925	$ 12,888	$ 14,379

Balance Sheet and Statement o38

Balance Sheet and Statement of Operations Components - Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at October 31, 2016			$ 848,405
Other comprehensive income (loss)	$ 65,189	$ (45,844)	77,992	$ (24,868)
Balance at July 31, 2017	779,803		779,803
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at October 31, 2016			(333,280)
Gains before reclassifications			74,952
Amounts reclassified from Accumulated other comprehensive loss			7,011
Tax effect			(391)
Other comprehensive income (loss)			81,572
Balance at July 31, 2017	(251,708)		(251,708)
Unrealized gain (loss) on derivatives designated as cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at October 31, 2016			(2,419)
Gains before reclassifications			4,003
Amounts reclassified from Accumulated other comprehensive loss			1,217
Tax effect			(1,981)
Other comprehensive income (loss)			3,239
Balance at July 31, 2017	820		820
Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at October 31, 2016			(5,295)
Gains before reclassifications			0
Amounts reclassified from Accumulated other comprehensive loss			190
Tax effect			0
Other comprehensive income (loss)			190
Balance at July 31, 2017	(5,105)		(5,105)
AOCI Including Portion Attributable to Parent
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Balance at October 31, 2016			(340,994)
Gains before reclassifications			78,955
Amounts reclassified from Accumulated other comprehensive loss			8,418
Tax effect			(2,372)
Other comprehensive income (loss)			85,001
Balance at July 31, 2017	$ (255,993)		$ (255,993)

Financial Instruments - Fair Va

Financial Instruments - Fair Value of Contingent Consideration Payable (Detail) - USD ($) $ in Millions	Jul. 31, 2017	Oct. 31, 2016
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Earn-Out Payable
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Contingent consideration payable	$ 0	$ 6

Financial instruments - Derivat

Financial instruments - Derivatives (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Jul. 31, 2017	Jul. 31, 2017	Mar. 30, 2018	Oct. 01, 2017	Oct. 31, 2016
Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Gain (loss) on foreign exchange forward contracts not designated as hedging instruments	$ 0	$ 0
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	249,000	249,000			$ 175,000
Term A Loan | Designated as Hedging Instrument | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, amount of hedged item	$ 450,000	$ 450,000
Percentage bearing fixed interest, percentage rate	1.20%	1.20%
Scenario, Forecast | Term A Loan | Designated as Hedging Instrument | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, amount of hedged item			$ 350,000	$ 400,000
Percentage bearing fixed interest, percentage rate			0.975%
Maximum | Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity period (days)		90 days
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 450,000	$ 450,000			$ 500,000

Goodwill and Purchased Intang41

Goodwill and Purchased Intangible Assets - Activity related to goodwill (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Goodwill [Roll Forward]
Balance at October 31, 2016			$ 1,110,493
Additions			5,647
Goodwill impairment	$ 0	$ 0	(17,384)	$ 0
Reclassification to assets held for sale			(28,327)
Disposals			(10,096)
Currency translation adjustments			56,419
Balance at July 31, 2017	1,116,752		1,116,752
Verifone Systems
Goodwill [Roll Forward]
Balance at October 31, 2016			497,126
Additions			0
Goodwill impairment			0
Reclassification to assets held for sale			0
Disposals			0
Currency translation adjustments			22,173
Balance at July 31, 2017	519,299		519,299
Verifone Services
Goodwill [Roll Forward]
Balance at October 31, 2016			613,367
Additions			5,647
Goodwill impairment			(17,384)
Reclassification to assets held for sale			(28,327)
Disposals			(10,096)
Currency translation adjustments			34,246
Balance at July 31, 2017	$ 597,453		$ 597,453

Goodwill and Purchased Intang42

Goodwill and Purchased Intangible Assets - Additional information (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Jul. 31, 2017	Apr. 30, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment	$ 0		$ 0	$ 17,384	$ 0
Reclassification to assets held for sale				(28,327)
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Intangible assets reaching the end of useful life				40,900
Other
Finite-Lived Intangible Assets [Line Items]
Intangible assets reaching the end of useful life				$ 27,100
Taxi Solutions Reporting Unit
Finite-Lived Intangible Assets [Line Items]
Goodwill impairment		$ 17,400
Reclassification to assets held for sale		$ 28,300

Goodwill and Purchased Intang43

Goodwill and Purchased Intangible Assets - Purchased intangible assets (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Goodwill [Line Items]
Gross Carrying Amount	$ 558,991	$ 595,139
Accumulated Amortization	(301,459)	(288,841)
Total	257,532	306,298
Customer relationships
Goodwill [Line Items]
Gross Carrying Amount	512,812	521,964
Accumulated Amortization	(279,020)	(249,513)
Total	233,792	272,451
Other
Goodwill [Line Items]
Gross Carrying Amount	46,179	73,175
Accumulated Amortization	(22,439)	(39,328)
Total	$ 23,740	$ 33,847

Goodwill and Purchased Intang44

Goodwill and Purchased Intangible Assets - Amortization of purchased intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	$ 16,696	$ 24,286	$ 53,873	$ 65,886
Cost of Net Revenues
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	1,428	3,952	5,502	11,761
Operating Expenses
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	16,696	24,286	53,873	65,886
Including COGS and Operating Expense
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	$ 18,124	$ 28,238	$ 59,375	$ 77,647

Goodwill and Purchased Intang45

Goodwill and Purchased Intangible Assets - Future Amortization Expense (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Remaining of fiscal year 2017	$ 16,892
2,018	63,820
2,019	57,935
2,020	48,116
2,021	34,810
Thereafter	35,959
Total	257,532	$ 306,298
Cost of Net Revenues
Finite-Lived Intangible Assets [Line Items]
Remaining of fiscal year 2017	1,504
2,018	5,564
2,019	5,441
2,020	3,730
2,021	2,552
Thereafter	1,101
Total	19,892
Operating Expenses
Finite-Lived Intangible Assets [Line Items]
Remaining of fiscal year 2017	15,388
2,018	58,256
2,019	52,494
2,020	44,386
2,021	32,258
Thereafter	34,858
Total	$ 237,640

Debt - Schedule of Debt (Detail

Debt - Schedule of Debt (Details) - USD ($) $ in Thousands	Jul. 31, 2017	Oct. 31, 2016
Debt Instrument [Line Items]
Capital leases and other debt	$ 10,793	$ 11,573
Total principal payments due	885,946	936,757
Less: original issue discount and debt issuance costs	(7,845)	(10,844)
Total amounts outstanding	878,101	925,913
Less: current portion	(68,216)	(66,017)
Long-term portion	809,885	859,896
Term A Loan
Debt Instrument [Line Items]
Credit Agreement	480,000	525,000
Term B Loan
Debt Instrument [Line Items]
Credit Agreement	194,000	195,500
Revolving Loan
Debt Instrument [Line Items]
Credit Agreement	$ 201,153	$ 204,684

Debt - Additional Information (

Debt - Additional Information (Detail) $ in Millions	3 Months Ended
	Jul. 31, 2017USD ($)
Term A Loan And Revolving Loan
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable Interest, percentage rate	3.24%
Term B Loan
Debt Instrument [Line Items]
Long-term debt, percentage bearing variable Interest, percentage rate	3.99%
Revolving Loan
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage	0.25%
Line of credit facility, remaining borrowing capacity	$ 298.7
Eurodollar Rate | Term A Loan And Revolving Loan
Debt Instrument [Line Items]
Line of credit facility, interest rate at period End	1.24%
Interest rate margin	2.00%
Eurodollar Rate | Term B Loan
Debt Instrument [Line Items]
Line of credit facility, interest rate at period End	1.24%
Interest rate margin	2.75%
Designated as Hedging Instrument | Interest Rate Swap | Term A Loan
Debt Instrument [Line Items]
Percentage bearing fixed interest, percentage rate	1.20%
Derivative, amount of hedged item	$ 450

Restructuring and Related Cha48

Restructuring and Related Charges - Restructuring Plan Accrual Activitity (Details) $ in Thousands	9 Months Ended
	Jul. 31, 2017USD ($)
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	$ 9,732
Charges, net of adjustments	43,643
Cash payments	(19,046)
Balance at July 31, 2017	34,329
Employee Involuntary Termination Benefits | Prior year Plans
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	1,700
Charges, net of adjustments	(736)
Cash payments	(822)
Balance at July 31, 2017	142
Cumulative costs to date	18,596
Employee Involuntary Termination Benefits | June 2016 Plan
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	5,225
Charges, net of adjustments	7,283
Cash payments	(7,793)
Balance at July 31, 2017	4,715
Cumulative costs to date	19,190
Employee Involuntary Termination Benefits | June 2017 Plan
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	0
Charges, net of adjustments	9,783
Cash payments	(3,765)
Balance at July 31, 2017	6,018
Cumulative costs to date	9,783
Facilities Related Costs | June 2016 Plan
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	2,807
Charges, net of adjustments	(750)
Cash payments	(857)
Balance at July 31, 2017	1,200
Cumulative costs to date	2,679
Other Business Exit Costs
Restructuring Reserve [Roll Forward]
Balance at October 31, 2016	0
Charges, net of adjustments	28,063
Cash payments	(5,809)
Balance at July 31, 2017	22,254
Cumulative costs to date	$ 28,063

Restructuring and Related Cha49

Restructuring and Related Charges - Restructuring and Related Costs (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 78,598	$ 35,930	$ 160,993	$ 36,408
Cost of Net Revenues
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	12,893	2,301	25,250	2,212
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring and related charges	$ 65,705	$ 33,629	$ 135,743	$ 34,196

Restructuring and Related Cha50

Restructuring and Related Charges - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended		3 Months Ended			9 Months Ended
	Jul. 31, 2017	Jun. 30, 2017	Jul. 31, 2017	Apr. 30, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016	Oct. 31, 2016
Restructuring Cost and Reserve [Line Items]
Accrual for future obligations	$ 34,329		$ 34,329			$ 34,329		$ 9,732
Restructuring charges			78,598		$ 35,930	160,993	$ 36,408
Losses incurred from businesses being disposed of			70,300		40,600	176,400	68,700
Cost of Net Revenues
Restructuring Cost and Reserve [Line Items]
Restructuring charges			12,893		2,301	25,250	2,212
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges			$ 65,705		$ 33,629	$ 135,743	$ 34,196
Petroleum Media Business
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value				$ 49,100
Accrual for future obligations				28,100
Petroleum Media Business | Cost of Net Revenues
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value				10,600
Petroleum Media Business | Operating Expenses
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value				$ 38,500
Taxi Solutions Reporting Unit
Restructuring Cost and Reserve [Line Items]
Fair value adjustment	$ 43,200
June 2017 Plan | China Business
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 24,400
June 2017 Plan | China Business | Cost of Net Revenues
Restructuring Cost and Reserve [Line Items]
Restructuring charges		11,100
June 2017 Plan | China Business | Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges		$ 13,300

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) BRL in Thousands	Apr. 03, 2017USD ($)supplier	Jul. 31, 2017USD ($)	Jul. 31, 2017BRL	Dec. 31, 2010USD ($)	Dec. 31, 2010BRL	Dec. 31, 2009USD ($)	Dec. 31, 2009BRL
Commitments and Contingencies Disclosure [Line Items]
Purchase commitment, amount	$ 144,000,000
Purchase commitment, period	4 years
Purchase commitment, annual amount	$ 36,000,000
Purchase commitment, number of suppliers | supplier	1
Remaining amount of purchase commitment		$ 112,100,000
Maximum amount payable from guarantees		17,800,000
Unrecognized tax benefits liability, net		36,400,000
Sao Paulo | Revised Municipality Tax on Services Assessments
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss		8,400,000	BRL 26,400
Loans Insured or Guaranteed by non-US Government Authorities [Member]
Commitments and Contingencies Disclosure [Line Items]
Maximum amount payable from guarantees		$ 2,300,000
Minimum
Commitments and Contingencies Disclosure [Line Items]
Bank guarantees, term		2 months
Maximum
Commitments and Contingencies Disclosure [Line Items]
Bank guarantees, term		8 years
Maximum | State Value Added Tax
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss		$ 3,000,000	9,300
Maximum | Sao Paulo | Revised Municipality Tax on Services Assessments
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				$ 1,800,000	BRL 5,800
Maximum | Sao Paulo | Municipality Tax on Services Assessments [Member]
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss						$ 280,000	BRL 875
Maximum | Curitiba | Municipality Tax on Services Assessments [Member]
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss		1,900,000	BRL 5,900
Gas Media
Commitments and Contingencies Disclosure [Line Items]
Maximum amount payable from guarantees		$ 12,500,000

Segment and Geographic Inform52

Segment and Geographic Information - Net Revenues and Operating Income (Loss) for Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Jul. 31, 2017	Jul. 31, 2016	Jul. 31, 2017	Jul. 31, 2016
Segment Reporting Information [Line Items]
Revenues	$ 466,866	$ 488,132	$ 1,394,422	$ 1,527,949
Restructuring and related charges			107,535	29,100
Amortization of purchase intangible assets	(16,696)	(24,286)	(53,873)	(65,886)
Stock-based compensation expense	(9,319)	(10,850)	(30,050)	(32,889)
Litigation settlement and loss contingency expense	0	(600)	0	(600)
Goodwill impairment	0	0	(17,384)	0
Total operating income (loss)	(50,214)	(22,345)	(136,043)	33,650
Verifone Systems
Segment Reporting Information [Line Items]
Goodwill impairment			0
Verifone Services
Segment Reporting Information [Line Items]
Goodwill impairment			(17,384)
Operating Segments
Segment Reporting Information [Line Items]
Revenues	466,866	492,585	1,397,415	1,538,497
Total operating income (loss)	99,644	113,964	275,944	361,409
Operating Segments | Verifone Systems
Segment Reporting Information [Line Items]
Revenues	265,951	292,072	817,027	972,107
Total operating income (loss)	43,627	63,564	131,368	222,434
Operating Segments | Verifone Services
Segment Reporting Information [Line Items]
Revenues	200,915	200,513	580,388	566,390
Total operating income (loss)	56,017	50,400	144,576	138,975
Segment Reconciling Items
Segment Reporting Information [Line Items]
Amortization of step down in deferred services net revenues at acquisition	0	(4,453)	(2,993)	(10,548)
Amortization of step down in deferred services gross margin at acquisition	0	(3,057)	(2,385)	(7,482)
Restructuring and related charges	78,598	38,851	160,993	39,329
Amortization of purchase intangible assets	(18,124)	(28,238)	(59,375)	(77,647)
Stock-based compensation expense	(9,319)	(10,850)	(30,050)	(32,889)
Goodwill impairment	0	0	(17,384)	0
Unallocated general and administrative expenses	(41,425)	(44,828)	(129,539)	(142,663)
Unallocated research and development expenses	1,470	(5,652)	(6,456)	(15,245)
Other unallocated costs	$ (3,862)	$ (4,233)	$ (5,805)	$ (11,904)