Verifone Systems 10-Q 8 Jun 18 2018 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Apr. 30, 2018	May 31, 2018
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Apr. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
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 (in shares)		110,739,583

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Net revenues:
Systems	$ 258,571	$ 285,675	$ 501,627	$ 551,076
Services	179,832	188,010	373,573	376,480
Total net revenues	438,403	473,685	875,200	927,556
Cost of net revenues:
Systems	163,541	176,219	317,914	342,611
Services	96,388	124,705	200,653	240,753
Total cost of net revenues	259,929	300,924	518,567	583,364
Gross margin	178,474	172,761	356,633	344,192
Operating expenses:
Research and development	52,443	51,771	100,999	107,723
Sales and marketing	46,294	50,935	92,682	100,141
General and administrative	49,604	46,755	100,646	97,558
Restructuring and related	(282)	68,896	111	70,038
Acquisition related	8,022	0	8,022	0
Amortization of purchased intangible assets	15,627	18,414	30,695	37,177
Goodwill impairment	0	17,384	0	17,384
Total operating expenses	171,708	254,155	333,155	430,021
Operating income (loss)	6,766	(81,394)	23,478	(85,829)
Interest expense, net	(10,234)	(8,185)	(19,151)	(16,332)
Other income (expense), net	(4,224)	8,796	(5,378)	6,574
Loss before income taxes	(7,692)	(80,783)	(1,051)	(95,587)
Income tax provision	9,060	8,882	8,546	11,802
Consolidated net loss	(16,752)	(89,665)	(9,597)	(107,389)
Net income (loss) attributable to noncontrolling interests	293	(398)	199	(1,499)
Net loss attributable to VeriFone Systems, Inc. stockholders	$ (17,045)	$ (89,267)	$ (9,796)	$ (105,890)
Net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in dollars per share)	$ (0.15)	$ (0.80)	$ (0.09)	$ (0.95)
Diluted (in dollars per share)	$ (0.15)	$ (0.80)	$ (0.09)	$ (0.95)
Weighted average number of shares used in computing net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in shares)	110,508	111,688	111,023	111,522
Diluted (in shares)	110,508	111,688	111,023	111,522

CONDENSED CONSOLIDATED STATEME3

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Statement of Comprehensive Income [Abstract]
Consolidated net loss	$ (16,752)	$ (89,665)	$ (9,597)	$ (107,389)
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(49,368)	11,463	25,878	9,361
Unrealized gain (loss) on derivatives designated as cash flow hedges
Change in unrealized gain on derivatives designated as cash flow hedges	205	163	2,407	2,300
Amounts reclassified from Accumulated other comprehensive loss	(506)	409	(700)	1,087
Net change in unrealized gain on derivatives designated as cash flow hedges	(301)	572	1,707	3,387
Net change in other	90	28	1,018	54
Other comprehensive income (loss)	(49,579)	12,063	28,603	12,802
Total comprehensive income (loss)	(66,331)	(77,602)	19,006	(94,587)
Less: Comprehensive loss attributable to noncontrolling interests, net of tax	(2,648)	(9,592)	(704)	(10,693)
Comprehensive income (loss) attributable to VeriFone Systems, Inc. stockholders	$ (63,683)	$ (68,010)	$ 19,710	$ (83,894)

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Current assets:
Cash and cash equivalents	$ 168,405	$ 131,029
Accounts receivable, net of allowances of $7,691 and $7,900, respectively	320,072	322,667
Inventories	123,989	126,563
Prepaid expenses and other current assets	136,942	138,396
Total current assets	749,408	718,655
Property and equipment, net	126,246	127,872
Purchased intangible assets, net	210,070	236,378
Goodwill	1,125,897	1,104,370
Deferred tax assets, net	30,159	33,089
Other long-term assets	101,600	101,806
Total assets	2,343,380	2,322,170
Current liabilities:
Accounts payable	164,596	144,761
Accruals and other current liabilities	212,788	227,295
Deferred revenue, net	106,466	101,427
Short-term debt	30,436	68,770
Total current liabilities	514,286	542,253
Long-term deferred revenue, net	59,190	61,788
Deferred tax liabilities, net	91,518	97,524
Long-term debt	835,745	762,044
Other long-term liabilities	72,423	76,089
Total liabilities	1,573,162	1,539,698
Commitments and contingencies
Redeemable noncontrolling interest in subsidiary	0	262
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, 110,723 and 112,367 shares issued and outstanding as of April 30, 2018 and October 31, 2017, respectively	1,107	1,124
Additional paid-in capital	1,832,419	1,812,209
Accumulated deficit	(851,235)	(792,168)
Accumulated other comprehensive loss	(237,067)	(266,572)
Total VeriFone Systems, Inc. stockholders’ equity	745,224	754,593
Noncontrolling interests in subsidiaries	24,994	27,617
Total equity	770,218	782,210
Total liabilities, redeemable noncontrolling interest in subsidiary and equity	$ 2,343,380	$ 2,322,170

CONDENSED CONSOLIDATED BALANCE5

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Statement of Financial Position [Abstract]
Accounts receivable, allowances	$ 7,691	$ 7,900
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)	110,723,000	112,367,000
Common stock, shares outstanding (in shares)	110,723,000	112,367,000

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Cash flows from operating activities
Consolidated net loss	$ (9,597)	$ (107,389)
Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:
Depreciation and amortization	65,375	76,229
Stock-based compensation expense	18,489	20,731
Deferred income taxes, net	(4,402)	264
Non-cash restructuring and related charges	(2,299)	39,579
Goodwill impairment	0	17,384
Other	14,982	5,640
Net cash provided by operating activities before changes in operating assets and liabilities	82,548	52,438
Changes in operating assets and liabilities:
Accounts receivable, net	2,759	(21,483)
Inventories	2,025	23,763
Prepaid expenses and other assets	(30,567)	(10,021)
Accounts payable	20,283	(610)
Deferred revenue, net	1,535	9,067
Other current and long-term liabilities	104	27,078
Net change in operating assets and liabilities	(3,861)	27,794
Net cash provided by operating activities	78,687	80,232
Cash flows from investing activities
Capital expenditures	(27,532)	(36,411)
Divestiture of business	30,000	6,492
Other investing activities, net	0	(4,534)
Net cash provided by (used in) investing activities	2,468	(34,453)
Cash flows from financing activities
Proceeds from debt, net of issuance costs	1,062,401	118,676
Repayments of debt	(1,039,633)	(173,462)
Stock repurchases	(50,000)	0
Other financing activities, net	(2,361)	(2,649)
Net cash used in financing activities	(29,593)	(57,435)
Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash	2,548	1,056
Net increase (decrease) in cash, cash equivalents and restricted cash	54,110	(10,600)
Cash, cash equivalents and restricted cash, beginning of period	143,729	159,181
Cash, cash equivalents and restricted cash, end of period	$ 197,839	$ 148,581

Principles of Consolidation and

Principles of Consolidation and Summary of Significant Accounting Policies	6 Months Ended
	Apr. 30, 2018
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, 2017 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, 2017 . The results of operations for the three and six months ended April 30, 2018 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 and reporting units 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 six months ended April 30, 2018 , 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, 2017 . Concentrations of Credit Risk For the three and six months ended April 30, 2018 and 2017 , no single customer accounted for more than 10% of our total Net revenues. As of April 30, 2018 and October 31, 2017 , no single customer accounted for more than 10% of our total Accounts receivable, net. Recently Adopted Accounting Pronouncements During March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation , to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The standard is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. We have adopted this standard, as required, effective November 1, 2017. Adoption had no impact on our cash flow presentation because we have historically presented excess tax benefits recognized on stock-based compensation expense as part of operating cash flows and employee taxes paid for withheld shares as part of financing cash flows, as required by the new standard. Adoption had no meaningful impact on our results of operations because income taxes associated with excess tax benefits (deficiencies) are substantially offset by associated valuation allowances and we have elected to continue to estimate forfeitures, so there is no change in the method of computing our stock-based compensation expense. Recent Accounting Pronouncements Not Yet Adopted During February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income , which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. 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. During May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as amended by ASU 2015-14, 2016-08, 2016-10, 2016-12, 2017-05, and 2017-13 which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance. 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. Two methods of adoption are permitted: (a) full retrospective adoption, meaning this standard is applied to all periods presented or (b) modified retrospective adoption, meaning the cumulative effect of applying the new guidance as of the date of adoption is recognized as an adjustment to the opening retained earnings balance. We expect to adopt ASU 2014-09, as required, effective in the first interim period of our fiscal year ending October 31, 2019 and currently expect to select the modified retrospective adoption method. As this new revenue standard will supersede substantially all existing revenue guidance under U.S. GAAP, once adopted it could impact revenue and cost recognition on sales across all our businesses, in addition to our business processes, compensation, information technology systems and other financial reporting and operational elements. We expect that this standard may impact, in some cases, the timing and amount of revenue recognized, such as term based software licenses, which are not material, but that are currently recognized over the license term and will be recognized at the time the license is delivered to the customer under the new guidance. Additionally, the direct costs to obtain and fulfill customer contracts, in some cases, may be deferred and amortized under the new standard, however we do not expect that any such contract cost deferrals will be material. We are continuing to assess the potentially impacted revenue streams and costs, quantifying the materiality of these impacts and considering additional disclosure requirements. There are no updates to our previous assessments on other recent accounting pronouncements not yet adopted from our Annual Report on Form 10-K for the fiscal year ended October 31, 2017 .

Business Combination and Divest

Business Combination and Divestiture	6 Months Ended
	Apr. 30, 2018
Business Combinations [Abstract]
Business Combination and Divestiture	Business Combination and Divestiture Pending Merger On April 9, 2018, VeriFone Systems, Inc. entered into an Agreement and Plan of Merger with Vertex Holdco LLC, a Delaware limited liability company and Vertex Merger Sub LLC, a Delaware limited liability company and a wholly-owned subsidiary of Vertex Holdco. Pursuant to the merger agreement, Vertex Merger Sub will be merged with and into VeriFone Systems, Inc., with VeriFone Systems, Inc. continuing as the surviving company in the merger. Vertex Holdco and Vertex Merger Sub are owned by an investor group led by Francisco Partners and including British Columbia Investment Management Corporation. VeriFone Systems, Inc.'s Board of Directors have unanimously approved the merger agreement and upon completion of the transaction, VeriFone Systems, Inc. will become a privately held company. Subject to the terms and conditions set forth in the merger agreement, each share of $0.01 par value common stock issued and outstanding immediately prior to the effective time of the merger (other than shares of our common stock owned by VeriFone Systems, Inc., Vertex Merger Sub, Vertex Holdco, or any of their respective direct or indirect wholly-owned subsidiaries, in each case not held on behalf of third parties, and shares of common stock owned by stockholders who have properly demanded and not withdrawn a demand for, or lost their right to, appraisal rights under Delaware law) will be converted into the right to receive $23.04 per share in cash, without interest. Consummation of the merger is subject to various closing conditions, including, among others, customary conditions relating to the adoption of the merger agreement by the requisite vote of our stockholders, and expiration or early termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, as well as certain foreign regulatory approvals. On May 4, 2018, the Federal Trade Commission granted early termination of the waiting period under the Hart-Scott-Rodino Act. We expect the merger to close during the third calendar quarter ended September 30, 2018. We also expect to incur significant costs, expenses and fees for professional services and other transactions costs in connection with the merger. If we terminate the merger agreement under specified circumstances, we may be required to pay a termination fee of $86.6 million . In the event, that we terminate the merger agreement due to breach from Vertex Holdco and Vertex Merger Sub, then we would receive a termination fee of $186.6 million . Additional information about the merger agreement is set forth in our Current Report on Form 8-K filed with the SEC on April 9, 2018. Divestiture On December 11, 2017, we divested our Taxi Solutions business, which was classified as held for sale as of October 31, 2017 , for $22.5 million in cash paid at closing plus $7.5 million paid in April 2018. In connection with the transaction, we also received a 10% equity interest in Curb Intermediate Holdings I, a limited liability company that is an indirect parent of the buyer and that is partially owned by the former general manager of this business. The purchase price is subject to upward adjustment based on working capital in certain circumstances. The following table reflects the carrying amounts of major classes of assets and liabilities of this business as of the transaction date (in thousands): Accounts Receivable $ 13,851 Prepaid expenses and other current assets 21,506 Revenue generating assets and other fixed assets 36,874 Purchased intangibles assets, net 5,579 Goodwill 47,432 Accounts payable, accruals and other current liabilities (16,348 ) Other (2,535 ) 106,359 Goodwill impairment (17,384 ) Fair value adjustments (50,271 ) Fair value of assets held for sale $ 38,704 This business earned $0.8 million income before income taxes in the period November 1, 2017 through December 11, 2017, as of which date it was divested, and incurred a $22.9 million and a $26.2 million loss before income taxes for the three and six months ended April 30, 2017 . We have determined that our investment in Curb Intermediate Holdings I is an interest in a variable interest entity and that we are not the primary beneficiary. We account for this investment using the equity method, because the investee is a limited liability company and we have a greater than 3% to 5% ownership, so we are deemed to have significant influence over the entity. The divested business assumed responsibility for approximately $50.0 million of operating lease commitments associated with the Taxi Solutions business. We have guaranteed lease commitments of up to $3.9 million per year until December 31, 2023 on one of these leases. This guarantee was deemed to have a nominal value. See Note 11, Commitments and Contingencies, for further information.

Net Income (Loss) per Share of

Net Income (Loss) per Share of Common Stock	6 Months Ended
	Apr. 30, 2018
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 loss per share of common stock (in thousands, except per share data): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Basic and diluted net loss per share attributable to VeriFone Systems, Inc. stockholders: Numerator: Net loss attributable to VeriFone Systems, Inc. stockholders $ (17,045 ) $ (89,267 ) $ (9,796 ) $ (105,890 ) Denominator: Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic 110,508 111,688 111,023 111,522 Weighted average effect of dilutive stock options, RSUs and RSAs — — — — Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted 110,508 111,688 111,023 111,522 Net loss per share attributable to VeriFone Systems, Inc. stockholders: Basic $ (0.15 ) $ (0.80 ) $ (0.09 ) $ (0.95 ) Diluted $ (0.15 ) $ (0.80 ) $ (0.09 ) $ (0.95 ) For both the three and six months ended April 30, 2018 , equity incentive awards representing 6.9 million shares of common stock were excluded from the calculation of weighted average shares for diluted net loss per share as they were anti-dilutive as the company incurred net losses for those periods. For both the three and six months ended April 30, 2017 , equity incentive awards representing 7.7 million shares of common stock were excluded from the calculation of weighted average shares for diluted net loss per share as they were anti-dilutive because the company incurred net losses for those periods.

Income Taxes

Income Taxes	6 Months Ended
	Apr. 30, 2018
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes We recorded a tax provision totaling $9.1 million for the three months ended April 30, 2018 and tax provision totaling $8.9 million for the three months ended April 30, 2017 . The tax provision for the three months ended April 30, 2018 is primarily related to foreign taxes. The tax provision for the three months ended April 30, 2017 was primarily related to foreign taxes and discrete items associated with restructuring related charges. We recorded a tax provision totaling $8.5 million for the six months ended April 30, 2018 primarily related to foreign taxes partially offset by deferred rate change as a result of the U.S. Tax Reform and the reversal of unrecognized tax benefits where statute of limitations expired. We recorded a tax provision totaling $11.8 million for the six months ended April 30, 2017 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 $107.0 million as of April 30, 2018 . 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. U.S. Tax Cuts and Jobs Act ("the Tax Act") The Tax Cuts and Jobs Act ("the Tax Act") was enacted on December 22, 2017 and introduces significant changes to U.S. income tax law. Effective on January 1, 2018, the Tax Act reduces the U.S. statutory tax rate from 35% to 21% and creates new taxes on certain foreign-sourced earnings and certain related-party payments, which are referred to as the global intangible low-taxed income ("GILTI") tax and the base erosion tax, respectively. The new taxes for certain foreign-sourced earnings under the Tax Act are effective for the Company after the fiscal year ending October 31, 2018. In addition, in fiscal 2018, we are subject to a one-time transition tax on post-1986 accumulated foreign earnings and profits ("E&P") not previously subject to U.S. income tax. The decrease in the U.S. federal corporate tax rate from 35.0% to 21.0% results in a blended statutory tax rate of 23.3% for the fiscal year ending October 31, 2018. Given the significance of the legislation, the SEC staff issued Staff Accounting Bulletin No. 118 ("SAB 118"), which allows the Company to record provisional amounts for the impact of the Tax Act, with the requirement that the accounting be completed in a period not to exceed one year from the date of enactment. In March 2018, the FASB issued ASU No. 2018-05 to codify the guidance provided in SAB 118. As of April 30, 2018, the Company had not yet completed its accounting for the tax effects related to enactment of the Tax Act; however, in certain cases the Company has made a reasonable estimate of the Tax Act's effects. The Company recognized a tax benefit of $3.1 million for the period ended January 31, 2018 as a result of adjusting its deferred tax balance to reflect the new corporate tax rate. The majority of the Company's U.S. deferred taxes are offset with a valuation allowance, therefore the re-measurement which resulted in a provisional reduction of $94 million to the Company’s gross deferred tax assets with an offsetting $97 million reduction in valuation allowance for the rate reduction did not have a large impact on tax expense in the quarter ended January 31, 2018. There were no adjustments or additional amounts recorded in the quarter ended April 30, 2018. The Company has computed an estimated transition tax liability of $50 million for the post-1986 foreign E&P and has determined that there are sufficient tax attributes to offset the income and therefore has not recorded any net tax liability. The Company has not yet completed the calculation of the total post-1986 foreign E&P and the income tax pools for all foreign subsidiaries. Further, the transition tax is based in part on the amount of those earnings held in cash and other specified assets. This amount may change when the Company finalizes the calculation of post-1986 foreign E&P previously deferred from U.S. federal taxation and finalizes the amounts held in cash or other specified assets. In addition, further interpretations from U.S. federal and state governments and regulatory organizations may change the provisional estimated income or the accounting treatment of the provisional estimated income inclusion. The Company is still evaluating whether to make an accounting policy election to treat GILTI as a period cost or to provide U.S. deferred taxes on foreign temporary differences that are expected to generate GILTI income when they reverse in future years. In addition, the Company is still evaluating the realizability of certain deferred tax assets. There could be additional changes, including a decrease in the valuation allowance in connection with an accounting policy election on deferred tax assets which may not expire in the future and/or other changes to the Company's deferred taxes once it completes these evaluations. 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 $380.8 million at the foreign exchange rate as of April 30, 2018 ). 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 $615.6 million at the foreign exchange rate as of April 30, 2018 ) or alternatively 2.23 billion New Israeli Shekels in fiscal year 2008 (approximately $622.7 million at the foreign exchange rate as of April 30, 2018 ) 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 1.36 billion New Israeli Shekels (approximately $379.9 million at the foreign exchange rate as of April 30, 2018 ), if the claim was assessed for fiscal year 2009, to 1.61 billion New Israeli Shekels (approximately $448.5 million at the foreign exchange rate as of April 30, 2018 ) 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 April 30, 2018 . The Israeli Tax Authorities' contention regarding secondary adjustments relating to a 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. The Israeli Tax Authorities issued a tax assessment in October 2017 for fiscal years 2011 and 2012 that includes secondary adjustments relating to a deemed dividend and/or interest with respect to the contention concerning business restructuring in 2008 or 2009. The Israeli Tax Authorities' contention regarding secondary adjustments relating to a deemed dividend was not quantified by them. We filed our objection to the assessment on December 28, 2017. Other Audits We have certain other foreign subsidiaries under audit by foreign tax authorities, including Brazil for 2002, Germany for 2013 to 2015, and India for fiscal years 2008 to 2015. Although we believe we have appropriately provided for income taxes for the years subject to audit, the Brazil, Germany, India, and Israel 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.

Stock Repurchase Program

Stock Repurchase Program	6 Months Ended
	Apr. 30, 2018
Equity [Abstract]
Stock Repurchase Program	Stock Repurchase Program In September 2015, our Board of Directors authorized a program to repurchase shares of our common stock with an aggregate value of up to $200.0 million which was expanded in December 2017 to allow the repurchase up to an additional $100.0 million , with no expiration from the date of authorization. During the six months ended April 30, 2018 , we repurchased approximately 2.8 million shares of our common stock on the open market for $50.0 million at an average repurchase price of $18.03 per share pursuant to this program. No shares were repurchased during the six months ended April 30, 2017 . As of April 30, 2018 , there was $100.0 million remaining available for stock repurchases under this program. Shares may be repurchased from time to time in the open market, through private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise. Certain of our share repurchases have been and may from time to time be effected through Rule 10b5-1 repurchase plans under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). The timing and actual amount of the share repurchases will depend on several factors including price, capital availability, regulatory requirements, alternative investment opportunities, including mergers and acquisitions, market conditions and other factors. We are not obligated to repurchase any specific number of shares under the program and the repurchase program may be modified, suspended or discontinued at any time. Pursuant to the terms of the merger agreement, until the closing of the merger, without the consent of Vertex Holdco LLC, we cannot repurchase shares other than in accordance with the terms of our equity incentive plans, which are netted as payment, for applicable tax withholding in connection with the vesting of restricted stock awards.

Balance Sheet and Statement of

Balance Sheet and Statement of Operations Components	6 Months Ended
	Apr. 30, 2018
Organization, Consolidation and Presentation of 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): April 30, 2018 October 31, 2017 Cash and cash equivalents $ 168,405 $ 131,029 Restricted cash included in Prepaid expenses and other current assets 28,496 11,413 Restricted cash included in Other long-term assets 938 1,287 Total cash, cash equivalents and restricted cash $ 197,839 $ 143,729 Restricted cash as of April 30, 2018 and October 31, 2017 was mainly comprised of cash held on behalf of customers as part of our transaction processing services. The following table provides a reconciliation of cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (in thousands): April 30, 2017 October 31, 2016 Cash and cash equivalents $ 134,493 $ 148,352 Restricted cash included in Prepaid expenses and other current assets 12,507 9,008 Restricted cash included in Other long-term assets 1,581 1,821 Total cash, cash equivalents and restricted cash $ 148,581 $ 159,181 Inventories Inventories consisted of the following (in thousands): April 30, 2018 October 31, 2017 Raw materials $ 35,326 $ 32,118 Work-in-process 809 978 Finished goods 87,854 93,467 Total inventories $ 123,989 $ 126,563 Prepaid Expenses and Other Current Assets Prepaid expenses and other current assets consisted of the following (in thousands): April 30, 2018 October 31, 2017 Assets held for sale $ 358 $ 46,368 Prepaid expenses 54,817 41,824 Other current assets 81,767 50,204 Total prepaid expenses and other current assets $ 136,942 $ 138,396 Assets held for sale as of October 31, 2017 relate to our Taxi Solutions business, which was divested in December 2017 . See Note 2, Business Combination and Divestiture, for additional information. Other current assets were comprised primarily of restricted cash, prepaid taxes and receivables associated with divestiture transactions. Other Long-Term Assets Other long-term assets consisted of the following (in thousands): April 30, 2018 October 31, 2017 Capitalized software development costs $ 49,694 $ 50,691 Investments accounted for under the equity method 20,264 16,803 Other 31,642 34,312 Total other long-term assets $ 101,600 $ 101,806 During the six months ended April 30, 2018 , we did not have any material changes to the carrying value of our cost method investments or the known maximum exposure to loss on these investments. The maximum exposure on our investments accounted for under the equity method totaled $55.7 million as of April 30, 2018 and is based on the carrying value of the investments and the extent of our guarantees. On May 1, 2018, we canceled a $10.0 million committed line of credit that was available to one of our investees and our maximum exposure to loss on cost method investments was reduced. Accruals and Other Current Liabilities Accruals and other current liabilities consisted of the following (in thousands): April 30, 2018 October 31, 2017 Accrued expenses $ 67,495 $ 57,114 Accrued compensation 57,208 65,663 Other current liabilities 88,085 104,518 Total accruals and other current liabilities $ 212,788 $ 227,295 Other current liabilities were comprised primarily of customer deposits, sales and value-added taxes payable, income taxes payable, accrued restructuring expense and accrued warranty. Other current liabilities as of October 31, 2017 also were comprised of accruals that were classified as held for sale in connection with the disposal of our Taxi Solutions business. Accrued Warranty Activity related to accrued warranty consisted of the following (in thousands): Six Months Ended April 30, 2018 2017 Balance at beginning of period $ 13,488 $ 16,656 Warranty charged to Cost of net revenues 4,660 7,278 Utilization of warranty accrual (5,732 ) (6,411 ) Balance at end of period 12,416 17,523 Less: current portion (10,680 ) (15,203 ) Long-term portion $ 1,736 $ 2,320 Deferred Revenue, Net Deferred revenue, net of related costs consisted of the following (in thousands): April 30, 2018 October 31, 2017 Deferred revenue $ 181,003 $ 181,271 Deferred cost of revenue (15,347 ) (18,056 ) Deferred revenue, net 165,656 163,215 Less: current portion (106,466 ) (101,427 ) Long-term portion $ 59,190 $ 61,788 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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Cost of net revenues $ 1,383 $ 1,125 $ 2,589 $ 2,055 Research and development 1,916 1,831 3,554 3,399 Sales and marketing 2,110 3,244 4,717 5,831 General and administrative 3,189 4,978 7,629 9,446 Total stock-based compensation expense $ 8,598 $ 11,178 $ 18,489 $ 20,731 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 as of October 31, 2017 $ (265,057 ) $ 1,814 $ (3,329 ) $ (266,572 ) Gains (losses) before reclassifications, net of tax 25,878 2,407 — 28,285 Amounts reclassified from Accumulated other comprehensive loss, net of tax 902 (700 ) 1,018 1,220 Other comprehensive income 26,780 1,707 1,018 29,505 Balance as of April 30, 2018 $ (238,277 ) $ 3,521 $ (2,311 ) $ (237,067 ) (1) Amounts reclassified from Accumulated other comprehensive loss, net of tax, 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, net of tax, were recorded in Interest expense, net in the Condensed Consolidated Statements of Operations. The related tax impacts were insignificant. (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	6 Months Ended
	Apr. 30, 2018
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, and interest rate swaps, and are reported at fair value. 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. Foreign exchange forward contracts and interest rate swaps are recorded at estimated fair value on a recurring basis. The carrying value and fair value of the interest rate swap agreements designated as cash flow hedges was $5.4 million and $3.7 million as of April 30, 2018 and October 31, 2017 , respectively. During the six months ended April 30, 2018 , there was no other 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 six months ended April 30, 2018 . 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. See Note 9, Financings, for information regarding our debt and related interest rate swaps . 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 April 30, 2018 and October 31, 2017 were $235.3 million and $255.2 million , respectively. Gains and losses on foreign exchange forward contracts not designated as hedging instruments for the three and six months ended April 30, 2018 were not material.

Goodwill and Purchased Intangib

Goodwill and Purchased Intangible Assets	6 Months Ended
	Apr. 30, 2018
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, 2017 $ 514,904 $ 589,466 $ 1,104,370 Currency translation adjustments 9,042 12,485 21,527 Balance as of April 30, 2018 $ 523,946 $ 601,951 $ 1,125,897 We review goodwill for impairment annually and whenever events or changes in circumstances indicate its carrying amount may not be recoverable. Based upon our review, there were no indicators of impairment during the six months ended April 30, 2018 . Purchased Intangible Assets, Net Purchased intangible assets, net consisted of the following (in thousands): April 30, 2018 October 31, 2017 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 506,997 $ (312,648 ) $ 194,349 $ 498,951 $ (282,176 ) $ 216,775 Other 37,690 (21,969 ) 15,721 37,405 (17,802 ) 19,603 Total $ 544,687 $ (334,617 ) $ 210,070 $ 536,356 $ (299,978 ) $ 236,378 Other intangible assets, net, were comprised primarily of developed and core technology. Amortization of purchased intangible assets was allocated as follows (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Included in Cost of net revenues $ 1,139 $ 1,629 $ 2,263 $ 4,074 Included in Operating expenses 15,627 18,414 30,695 37,177 Total amortization of purchased intangible assets $ 16,766 $ 20,043 $ 32,958 $ 41,251

Financings

Financings	6 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Financings	Financings Amounts outstanding under our financing arrangements consisted of the following (in thousands): April 30, 2018 October 31, 2017 Credit Agreement Term A loan $ 350,000 $ 465,000 Term B loan 350,000 193,500 Revolving loan 167,001 168,447 Capital leases and other debt 12,079 10,734 Total principal payments due 879,080 837,681 Less: original issue discount and debt issuance costs (12,899 ) (6,867 ) Total amounts outstanding 866,181 830,814 Less: current portion (30,436 ) (68,770 ) Long-term portion $ 835,745 $ 762,044 Amended and Restated Credit Agreement On February 2, 2018 , we entered into an amended and restated credit agreement to increase the borrowing capacity, extend the maturity dates, provide more favorable interest rates, and make certain changes to the covenants and other terms of the credit agreement. The amended and restated credit agreement provides for an aggregate amount of up to $1.4 billion of debt consisting of a $350.0 million new term A loan, a $350.0 million new term B loan and a new revolving loan with a committed amount of $700.0 million . The initial amounts borrowed were used to repay $775.2 million of outstanding balances due under the existing credit agreement as well as $12.9 million of costs associated with the refinancing. No penalties were due in connection with such repayments. The repayment of outstanding debt as part of the amendment and restatement was deemed an extinguishment of $277.9 million of outstanding debt. As a result, during February 2018, we expensed $2.2 million of previously capitalized debt issuance costs to Interest expense, net in our Condensed Consolidated Statement of Operations. Borrowings under the amended and restated credit agreement bear interest at a “Base Rate” or “Eurodollar Rate”, at our option, plus an applicable margin based on certain financial ratios, determined and payable quarterly. In addition, we pay an undrawn commitment fee on the unused portion of the revolving loan ranging from 0.20% to 0.30% per annum, depending on our leverage ratio and credit ratings. The outstanding principal balance of the new term A loan is required to be repaid in quarterly installments of the following percentages of the original balance outstanding under the new term A loan: 1.25% for each quarter from the quarter ending June 30, 2018 through the quarter ending December 31, 2019, 2.50% for each quarter from the quarter ending March 31, 2020 through the quarter ending December 31, 2022 , with the balance being due at maturity on February 2, 2023 . The outstanding principal balance of the new term B loan is required to be repaid in equal quarterly installments of 0.25% of the original balance outstanding under the new term B loan, with the balance being due at maturity on February 2, 2025 . The revolving loan terminates on February 2, 2023 . Outstanding amounts may also be subject to mandatory repayment with the proceeds of certain asset sales and debt issuances, and, in the case of the new term B loan only, from a portion of annual excess cash flows depending on our total leverage ratio, as defined under the agreement. The amended and restated credit agreement also contains representations and warranties, affirmative covenants, negative covenants, financial covenants and conditions that are customarily required for similar financings including the following: • A restriction on incurring additional indebtedness, subject to specified permitted debt; • A restriction on creating certain liens, subject to specified exceptions; • A restriction on mergers and consolidations, subject to specified exceptions; • A restriction on asset dispositions, subject to specified exceptions for ordinary course and other transactions; • A restriction on certain investments, subject to certain exceptions and a suspension if we achieve certain credit ratings; • A restriction on the payment of dividends, subject to specified exceptions; and • A restriction on entering into certain transactions with affiliates, subject to specified exceptions. Borrowings under the amended and restated credit agreement are guaranteed by certain of our wholly owned domestic subsidiaries and secured by a first priority lien and security interest in certain of our assets, subject to customary exceptions. As of February 2, 2018 , we have elected the Eurodollar option for all of our borrowings under the amended and restated credit agreement. Eurodollar loans bear interest at a monthly market interest rate plus a margin according to the amended and restated credit agreement. As of February 2, 2018 , the monthly market interest rate was 1.58% for our new term A, new term B and new revolver loans, and the margins were 1.75% for our new term A and revolver loans and 2.00% for our new term B loan. Accordingly, as of February 2, 2018 , the interest rate was 3.33% for the new term A and new revolving loans and 3.58% for the new term B loan. As of April 30, 2018 , 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 $533.0 million . We complied with all financial covenants under the credit agreement as of April 30, 2018 . Future principal payments due under our financing arrangements are as follows (in thousands): Amounts Years ending October 31: Remainder of fiscal year 2018 $ 18,911 2019 23,292 2020 35,162 2021 38,569 2022 38,524 Thereafter 724,622 Total $ 879,080 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. During the three months ended April 30, 2018 , we did not have any changes to our interest rate swap agreements. The interest rate swaps on the term loan qualify for hedge accounting treatment as cash flow hedges. The notional amounts of interest rate swap agreements outstanding as of April 30, 2018 and October 31, 2017 were $350.0 million and $400.0 million , respectively. As of April 30, 2018 , the estimated net derivative gain related to our cash flow hedges included in Accumulated other comprehensive loss that will be reclassified into earnings in the next 12 months is $4.5 million . As of April 30, 2018 , our outstanding interest rate swap agreements remained effective and convert $350.0 million of the new term A and new term B loans to a fixed rate of 0.975% plus applicable margin.

Restructuring and Related Charg

Restructuring and Related Charges	6 Months Ended
	Apr. 30, 2018
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 six months ended April 30, 2018 consisted of the following (in thousands): Restructuring Plans June 2016 Plan June 2017 Plan Employee Involuntary Termination Benefits Facilities Related Costs Employee Involuntary Termination Benefits Other Business Exit Costs Total Balance at October 31, 2017 $ 3,097 $ 997 $ 5,431 $ 18,367 $ 27,892 Charges, net of adjustments (2,141 ) 752 3,297 (2,798 ) (890 ) Cash payments (193 ) (1,067 ) (4,760 ) (2,729 ) (8,749 ) Balance at April 30, 2018 $ 763 $ 682 $ 3,968 $ 12,840 $ 18,253 Cumulative costs to date $ 15,864 $ 3,477 $ 15,116 $ 25,887 Activities under these Restructuring Plans are expected to be substantially complete by the end of fiscal year 2018. Restructuring and related charges were allocated as follows (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Included in Cost of net revenues $ (452 ) $ 11,601 $ (1,001 ) $ 12,357 Included in Operating expenses (282 ) 68,896 111 70,038 Total restructuring and related charges $ (734 ) $ 80,497 $ (890 ) $ 82,395 During March 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, for the three and six months ended April 30, 2017, we recorded a $49.1 million write-down to reflect the assets of this business 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 Statement of Operations. Additionally during the three and six months ended April 30, 2017, we recorded a $28.1 million charge in Restructuring and related charges for future obligations associated with the terminated customer agreements in the petroleum media business of which $12.8 million was payable as of April 30, 2018.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Commitments Leases We lease certain facilities under non-cancelable operating leases that contain free rent periods, leasehold improvement rebates or rent escalation clauses. Rent expense under these leases is recorded on a straight-line basis over the lease term. We are committed to pay a portion of the related actual operating expenses under some of these lease agreements, and those operating expenses are not included in the table below. The difference between amounts paid and rent expense is recorded as deferred rent. The short-term and long-term portions are included in Accruals and other current liabilities and Other long-term liabilities, respectively, in our Condensed Consolidated Balance Sheets. On December 11, 2017, we divested our Taxi Solutions business, which was classified as held for sale as of October 31, 2017 . In connection with this transaction, the divested business assumed responsibility for approximately $50.0 million of operating lease commitments associated with this business. Future minimum lease payments on our remaining leases as of April 30, 2018 were as follows (in thousands): Minimum Sublease Net Minimum Years Ending October 31: Remainder of fiscal year 2018 $ 14,282 $ (343 ) $ 13,939 2019 20,044 (645 ) 19,399 2020 17,027 (659 ) 16,368 2021 12,192 (672 ) 11,520 2022 6,706 (687 ) 6,019 Thereafter 8,582 (1,510 ) 7,072 Total $ 78,833 $ (4,516 ) $ 74,317 Rent expense consisted of the following (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Rent expense for non-cancelable taxi operating leases $ — $ 6,840 $ 2,794 $ 14,935 Facility and other rent expense 6,565 6,640 13,284 13,388 Total rent expense $ 6,565 $ 13,480 $ 16,078 $ 28,323 Manufacturing Related Agreements On April 3, 2017, to lock in pricing on certain components, we committed to purchase $144.0 million of such components over a four -year period, $36.0 million per year, from one of our existing suppliers. As of April 30, 2018 , our remaining non-cancelable commitment under this agreement totaled $82.0 million . Guarantees We have issued 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 April 30, 2018 , the maximum amount that may become payable under these guarantees was $16.8 million , of which $4.7 million was collateralized by restricted cash deposits. 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 April 30, 2018 , we have not made any payments and no amounts are accrued related to this guarantee. Additionally, we have guaranteed lease commitments of up to $3.9 million per year until December 31, 2023 on a lease that was part of our divested Taxi Solutions business and was assigned to the divested business. Post divestiture, payments on this lease are made by the divested business, which has agreed to indemnify us for this lease obligation. As of April 30, 2018 , the maximum exposure under this guarantee was $21.5 million , we had not made any payments under the guarantee and no amounts were 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. On January 24, 2018 , that lower court ruled in our favor, finding no additional tax owed. Based on that ruling (which the State Treasury is now appealing) and our current understanding of the underlying facts of this matter, we now believe the likelihood is remote that we may receive an unfavorable decision in this proceeding. The tax assessment including estimated interest through April 30, 2018 for this matter totals approximately 9.5 million Brazilian reais (approximately $2.7 million at the foreign exchange rate as of April 30, 2018 ). As of April 30, 2018 , 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 0.9 million Brazilian reais (approximately $0.3 million at the foreign exchange rate as of April 30, 2018 ), 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 5.9 million Brazilian reais (approximately $1.7 million at the foreign exchange rate as of April 30, 2018 ), 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 April 30, 2018 , the amount of the alleged tax assessments and penalties related to these matters was approximately 28.0 million Brazilian reais (approximately $8.0 million at the foreign exchange rate as of April 30, 2018 ), 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 an 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 April 30, 2018 , the underlying assessment, including estimated interest, was approximately 6.2 million Brazilian reais (approximately $1.8 million at the foreign exchange rate as of April 30, 2018 ). 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. U.S. Securities Class Actions On May 17, May 30, and June 1, 2018, four securities class-action complaints were filed in federal courts in the District of Delaware and the Northern District of California against VeriFone Systems, Inc. and its directors claiming that the preliminary proxy statement filed on May 7, 2018, omitted material information about the proposed Francisco Partners transaction announced on April 9, 2018. The complaints include causes of action for violations of Section 14(a) and 20(a) of the Securities Exchange Act of 1934 and SEC Rule 14a-9 and seek to enjoin the proposed transaction and also to recover an unspecified amount of attorneys’ and experts’ fees and costs. We have not yet been served with the complaints in these actions, and no trial dates have been set in these cases. 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 opposed this new class action and plaintiff's class certification motion on substantially the same grounds on which the previous case was dismissed. On May 14, 2018, the Israeli District Court denied plaintiff’s class-certification motion and dismissed this action, finding that the U.S. class action settlement satisfied due-process requirements and was therefore res judicata against the Israeli sub-class. The Court did award the individual plaintiff and his counsel NIS 1,150,000 plus VAT (totaling NIS 1,345,500 or approximately $0.4 million at the foreign exchange rate as of April 30, 2018), finding that their work had contributed to reconsideration of and additional distribution of settlement funds for certain Israeli institutional investors’ claims in the U.S. class action settlement. The appeal deadline is June 28, 2018. 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 are now being reheard before the NCLAT Bench. That rehearing began on November 7, 2017 and is scheduled to continue on July 16, 2018. 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 April 30, 2018 , the amount payable for unrecognized tax benefits was $35.3 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 April 30, 2018 . 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	6 Months Ended
	Apr. 30, 2018
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, acquisition related charges, restructuring and related charges, stock-based compensation, goodwill impairment as well as general and administrative and corporate research and development expense. We do not allocate other income and expenses to our operating segments. In addition, 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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Segment net revenues: Verifone Systems $ 258,571 $ 285,675 $ 501,627 $ 551,076 Verifone Services 179,832 188,255 373,573 379,473 Total segment net revenues 438,403 473,930 875,200 930,549 Amortization of step down in deferred services net revenues at acquisition — (245 ) — (2,993 ) Total net revenues $ 438,403 $ 473,685 $ 875,200 $ 927,556 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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Operating income by segment: Verifone Systems $ 35,079 $ 47,029 $ 68,583 $ 87,741 Verifone Services 49,960 43,736 106,032 88,559 Total segment operating income 85,039 90,765 174,615 176,300 Items not attributable to segment operating income: Amortization of step down in deferred services gross margin at acquisition — (191 ) — (2,385 ) Acquisition related (8,022 ) — (8,022 ) — Restructuring and related 735 (80,497 ) 890 (82,395 ) Amortization of purchase intangible assets (16,766 ) (20,043 ) (32,958 ) (41,251 ) Stock-based compensation expense (8,598 ) (11,178 ) (18,489 ) (20,731 ) Goodwill impairment — (17,384 ) — (17,384 ) Unallocated general and administrative expenses (46,415 ) (41,777 ) (93,017 ) (88,114 ) Unallocated research and development expenses 800 (1,051 ) 469 (9,833 ) Other unallocated costs (7 ) (38 ) (10 ) (36 ) Total operating income (loss) $ 6,766 $ (81,394 ) $ 23,478 $ (85,829 )

Principles of Consolidation a19

Principles of Consolidation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Apr. 30, 2018
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, 2017 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, 2017 . The results of operations for the three and six months ended April 30, 2018 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 and reporting units 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 .
Concentrations of Credit Risk	Concentrations of Credit Risk For the three and six months ended April 30, 2018 and 2017 , no single customer accounted for more than 10% of our total Net revenues. As of April 30, 2018 and October 31, 2017 , no single customer accounted for more than 10% of our total Accounts receivable, net.
Recently Adopted Accounting Pronouncements and Recent Accounting Pronouncements Not Yet Adopted	Recently Adopted Accounting Pronouncements During March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation , to simplify various aspects related to how share-based payments are accounted for and presented in the financial statements, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The standard is effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. We have adopted this standard, as required, effective November 1, 2017. Adoption had no impact on our cash flow presentation because we have historically presented excess tax benefits recognized on stock-based compensation expense as part of operating cash flows and employee taxes paid for withheld shares as part of financing cash flows, as required by the new standard. Adoption had no meaningful impact on our results of operations because income taxes associated with excess tax benefits (deficiencies) are substantially offset by associated valuation allowances and we have elected to continue to estimate forfeitures, so there is no change in the method of computing our stock-based compensation expense. Recent Accounting Pronouncements Not Yet Adopted During February 2018, the FASB issued ASU 2018-02, Income Statement - Reporting Comprehensive Income , which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the Tax Cuts and Jobs Act. 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. During May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers, as amended by ASU 2015-14, 2016-08, 2016-10, 2016-12, 2017-05, and 2017-13 which outlines a comprehensive revenue recognition model and supersedes most current revenue recognition guidance. The new guidance requires a company to recognize revenue as control of goods or services transfers to a customer at an amount that reflects the expected consideration to be received in exchange for those goods or services. It defines a five-step approach for recognizing revenue, which may require a company to use more judgment and make more estimates than under the current guidance. 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. Two methods of adoption are permitted: (a) full retrospective adoption, meaning this standard is applied to all periods presented or (b) modified retrospective adoption, meaning the cumulative effect of applying the new guidance as of the date of adoption is recognized as an adjustment to the opening retained earnings balance. We expect to adopt ASU 2014-09, as required, effective in the first interim period of our fiscal year ending October 31, 2019 and currently expect to select the modified retrospective adoption method. As this new revenue standard will supersede substantially all existing revenue guidance under U.S. GAAP, once adopted it could impact revenue and cost recognition on sales across all our businesses, in addition to our business processes, compensation, information technology systems and other financial reporting and operational elements. We expect that this standard may impact, in some cases, the timing and amount of revenue recognized, such as term based software licenses, which are not material, but that are currently recognized over the license term and will be recognized at the time the license is delivered to the customer under the new guidance. Additionally, the direct costs to obtain and fulfill customer contracts, in some cases, may be deferred and amortized under the new standard, however we do not expect that any such contract cost deferrals will be material. We are continuing to assess the potentially impacted revenue streams and costs, quantifying the materiality of these impacts and considering additional disclosure requirements. There are no updates to our previous assessments on other recent accounting pronouncements not yet adopted from our Annual Report on Form 10-K for the fiscal year ended October 31, 2017 .
Earnings Per Share	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.

Business Combination and Dive20

Business Combination and Divestiture (Tables)	6 Months Ended
	Apr. 30, 2018
Business Combinations [Abstract]
Schedule of Assets and Liabilities Divested	The following table reflects the carrying amounts of major classes of assets and liabilities of this business as of the transaction date (in thousands): Accounts Receivable $ 13,851 Prepaid expenses and other current assets 21,506 Revenue generating assets and other fixed assets 36,874 Purchased intangibles assets, net 5,579 Goodwill 47,432 Accounts payable, accruals and other current liabilities (16,348 ) Other (2,535 ) 106,359 Goodwill impairment (17,384 ) Fair value adjustments (50,271 ) Fair value of assets held for sale $ 38,704

Net Income (Loss) per Share o21

Net Income (Loss) per Share of Common Stock (Tables)	6 Months Ended
	Apr. 30, 2018
Earnings Per Share [Abstract]
Schedule of Computation of Net Income (Loss) Per Share of Common Stock	The following table presents the computation of net loss per share of common stock (in thousands, except per share data): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Basic and diluted net loss per share attributable to VeriFone Systems, Inc. stockholders: Numerator: Net loss attributable to VeriFone Systems, Inc. stockholders $ (17,045 ) $ (89,267 ) $ (9,796 ) $ (105,890 ) Denominator: Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic 110,508 111,688 111,023 111,522 Weighted average effect of dilutive stock options, RSUs and RSAs — — — — Weighted average shares attributable to VeriFone Systems, Inc. stockholders - diluted 110,508 111,688 111,023 111,522 Net loss per share attributable to VeriFone Systems, Inc. stockholders: Basic $ (0.15 ) $ (0.80 ) $ (0.09 ) $ (0.95 ) Diluted $ (0.15 ) $ (0.80 ) $ (0.09 ) $ (0.95 )

Balance Sheet and Statement o22

Balance Sheet and Statement of Operations Components (Tables)	6 Months Ended
	Apr. 30, 2018
Organization, Consolidation and Presentation of 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): April 30, 2017 October 31, 2016 Cash and cash equivalents $ 134,493 $ 148,352 Restricted cash included in Prepaid expenses and other current assets 12,507 9,008 Restricted cash included in Other long-term assets 1,581 1,821 Total cash, cash equivalents and restricted cash $ 148,581 $ 159,181 The following table provides a reconciliation of cash, cash equivalents and restricted cash shown in the Condensed Consolidated Statements of Cash Flows (in thousands): April 30, 2018 October 31, 2017 Cash and cash equivalents $ 168,405 $ 131,029 Restricted cash included in Prepaid expenses and other current assets 28,496 11,413 Restricted cash included in Other long-term assets 938 1,287 Total cash, cash equivalents and restricted cash $ 197,839 $ 143,729
Schedule of Inventories	Inventories consisted of the following (in thousands): April 30, 2018 October 31, 2017 Raw materials $ 35,326 $ 32,118 Work-in-process 809 978 Finished goods 87,854 93,467 Total inventories $ 123,989 $ 126,563
Schedule of Prepaid Expenses and Other Current Assets	Prepaid expenses and other current assets consisted of the following (in thousands): April 30, 2018 October 31, 2017 Assets held for sale $ 358 $ 46,368 Prepaid expenses 54,817 41,824 Other current assets 81,767 50,204 Total prepaid expenses and other current assets $ 136,942 $ 138,396
Schedule of Other Long-term Assets	Other long-term assets consisted of the following (in thousands): April 30, 2018 October 31, 2017 Capitalized software development costs $ 49,694 $ 50,691 Investments accounted for under the equity method 20,264 16,803 Other 31,642 34,312 Total other long-term assets $ 101,600 $ 101,806
Schedule of Accruals and Other Current Liabilities	Accruals and other current liabilities consisted of the following (in thousands): April 30, 2018 October 31, 2017 Accrued expenses $ 67,495 $ 57,114 Accrued compensation 57,208 65,663 Other current liabilities 88,085 104,518 Total accruals and other current liabilities $ 212,788 $ 227,295
Schedule of Product Warranty Liability	Activity related to accrued warranty consisted of the following (in thousands): Six Months Ended April 30, 2018 2017 Balance at beginning of period $ 13,488 $ 16,656 Warranty charged to Cost of net revenues 4,660 7,278 Utilization of warranty accrual (5,732 ) (6,411 ) Balance at end of period 12,416 17,523 Less: current portion (10,680 ) (15,203 ) Long-term portion $ 1,736 $ 2,320
Schedule of Deferred Revenue	Deferred revenue, net of related costs consisted of the following (in thousands): April 30, 2018 October 31, 2017 Deferred revenue $ 181,003 $ 181,271 Deferred cost of revenue (15,347 ) (18,056 ) Deferred revenue, net 165,656 163,215 Less: current portion (106,466 ) (101,427 ) Long-term portion $ 59,190 $ 61,788
Schedule of 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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Cost of net revenues $ 1,383 $ 1,125 $ 2,589 $ 2,055 Research and development 1,916 1,831 3,554 3,399 Sales and marketing 2,110 3,244 4,717 5,831 General and administrative 3,189 4,978 7,629 9,446 Total stock-based compensation expense $ 8,598 $ 11,178 $ 18,489 $ 20,731
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 as of October 31, 2017 $ (265,057 ) $ 1,814 $ (3,329 ) $ (266,572 ) Gains (losses) before reclassifications, net of tax 25,878 2,407 — 28,285 Amounts reclassified from Accumulated other comprehensive loss, net of tax 902 (700 ) 1,018 1,220 Other comprehensive income 26,780 1,707 1,018 29,505 Balance as of April 30, 2018 $ (238,277 ) $ 3,521 $ (2,311 ) $ (237,067 ) (1) Amounts reclassified from Accumulated other comprehensive loss, net of tax, 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, net of tax, were recorded in Interest expense, net in the Condensed Consolidated Statements of Operations. The related tax impacts were insignificant. (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 Intang23

Goodwill and Purchased Intangible Assets (Tables)	6 Months Ended
	Apr. 30, 2018
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, 2017 $ 514,904 $ 589,466 $ 1,104,370 Currency translation adjustments 9,042 12,485 21,527 Balance as of April 30, 2018 $ 523,946 $ 601,951 $ 1,125,897
Schedule of Finite-Lived Intangible Assets	Purchased intangible assets, net consisted of the following (in thousands): April 30, 2018 October 31, 2017 Gross Accumulated Net Gross Accumulated Net Customer relationships $ 506,997 $ (312,648 ) $ 194,349 $ 498,951 $ (282,176 ) $ 216,775 Other 37,690 (21,969 ) 15,721 37,405 (17,802 ) 19,603 Total $ 544,687 $ (334,617 ) $ 210,070 $ 536,356 $ (299,978 ) $ 236,378
Intangible Assets Amortization Expense	Amortization of purchased intangible assets was allocated as follows (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Included in Cost of net revenues $ 1,139 $ 1,629 $ 2,263 $ 4,074 Included in Operating expenses 15,627 18,414 30,695 37,177 Total amortization of purchased intangible assets $ 16,766 $ 20,043 $ 32,958 $ 41,251

Financings (Tables)

Financings (Tables)	6 Months Ended
	Apr. 30, 2018
Debt Disclosure [Abstract]
Schedule of Debt	Amounts outstanding under our financing arrangements consisted of the following (in thousands): April 30, 2018 October 31, 2017 Credit Agreement Term A loan $ 350,000 $ 465,000 Term B loan 350,000 193,500 Revolving loan 167,001 168,447 Capital leases and other debt 12,079 10,734 Total principal payments due 879,080 837,681 Less: original issue discount and debt issuance costs (12,899 ) (6,867 ) Total amounts outstanding 866,181 830,814 Less: current portion (30,436 ) (68,770 ) Long-term portion $ 835,745 $ 762,044
Schedule of Principal Payments	Future principal payments due under our financing arrangements are as follows (in thousands): Amounts Years ending October 31: Remainder of fiscal year 2018 $ 18,911 2019 23,292 2020 35,162 2021 38,569 2022 38,524 Thereafter 724,622 Total $ 879,080

Restructuring and Related Cha25

Restructuring and Related Charges (Tables)	6 Months Ended
	Apr. 30, 2018
Restructuring Charges [Abstract]
Schedule of Restructuring Reserve by Type of Cost	Activity related to our restructuring and related accruals for the six months ended April 30, 2018 consisted of the following (in thousands): Restructuring Plans June 2016 Plan June 2017 Plan Employee Involuntary Termination Benefits Facilities Related Costs Employee Involuntary Termination Benefits Other Business Exit Costs Total Balance at October 31, 2017 $ 3,097 $ 997 $ 5,431 $ 18,367 $ 27,892 Charges, net of adjustments (2,141 ) 752 3,297 (2,798 ) (890 ) Cash payments (193 ) (1,067 ) (4,760 ) (2,729 ) (8,749 ) Balance at April 30, 2018 $ 763 $ 682 $ 3,968 $ 12,840 $ 18,253 Cumulative costs to date $ 15,864 $ 3,477 $ 15,116 $ 25,887
Restructuring and Related Costs	Restructuring and related charges were allocated as follows (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Included in Cost of net revenues $ (452 ) $ 11,601 $ (1,001 ) $ 12,357 Included in Operating expenses (282 ) 68,896 111 70,038 Total restructuring and related charges $ (734 ) $ 80,497 $ (890 ) $ 82,395

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Apr. 30, 2018
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases	Future minimum lease payments on our remaining leases as of April 30, 2018 were as follows (in thousands): Minimum Sublease Net Minimum Years Ending October 31: Remainder of fiscal year 2018 $ 14,282 $ (343 ) $ 13,939 2019 20,044 (645 ) 19,399 2020 17,027 (659 ) 16,368 2021 12,192 (672 ) 11,520 2022 6,706 (687 ) 6,019 Thereafter 8,582 (1,510 ) 7,072 Total $ 78,833 $ (4,516 ) $ 74,317
Schedule of Rent Expense	Rent expense consisted of the following (in thousands): Three Months Ended April 30, Six Months Ended April 30, 2018 2017 2018 2017 Rent expense for non-cancelable taxi operating leases $ — $ 6,840 $ 2,794 $ 14,935 Facility and other rent expense 6,565 6,640 13,284 13,388 Total rent expense $ 6,565 $ 13,480 $ 16,078 $ 28,323

Segment and Geographic Inform27

Segment and Geographic Information (Tables)	6 Months Ended
	Apr. 30, 2018
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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Segment net revenues: Verifone Systems $ 258,571 $ 285,675 $ 501,627 $ 551,076 Verifone Services 179,832 188,255 373,573 379,473 Total segment net revenues 438,403 473,930 875,200 930,549 Amortization of step down in deferred services net revenues at acquisition — (245 ) — (2,993 ) Total net revenues $ 438,403 $ 473,685 $ 875,200 $ 927,556
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 April 30, Six Months Ended April 30, 2018 2017 2018 2017 Operating income by segment: Verifone Systems $ 35,079 $ 47,029 $ 68,583 $ 87,741 Verifone Services 49,960 43,736 106,032 88,559 Total segment operating income 85,039 90,765 174,615 176,300 Items not attributable to segment operating income: Amortization of step down in deferred services gross margin at acquisition — (191 ) — (2,385 ) Acquisition related (8,022 ) — (8,022 ) — Restructuring and related 735 (80,497 ) 890 (82,395 ) Amortization of purchase intangible assets (16,766 ) (20,043 ) (32,958 ) (41,251 ) Stock-based compensation expense (8,598 ) (11,178 ) (18,489 ) (20,731 ) Goodwill impairment — (17,384 ) — (17,384 ) Unallocated general and administrative expenses (46,415 ) (41,777 ) (93,017 ) (88,114 ) Unallocated research and development expenses 800 (1,051 ) 469 (9,833 ) Other unallocated costs (7 ) (38 ) (10 ) (36 ) Total operating income (loss) $ 6,766 $ (81,394 ) $ 23,478 $ (85,829 )

Principles of Consolidation a28

Principles of Consolidation and Summary of Significant Accounting Policies - Business Description and Basis of Presentation (Details)	6 Months Ended
	Apr. 30, 2018segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of operating segments	2
Number of reportable segments	2

Business Combination and Dive29

Business Combination and Divestiture - Narrative (Details) - USD ($) $ / shares in Units, $ in Thousands	Dec. 11, 2017	Apr. 30, 2018	Dec. 11, 2017	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Apr. 09, 2018	Apr. 08, 2018	Oct. 31, 2017
Schedule of Equity Method Investments [Line Items]
Common stock, par value (in dollars per share)		$ 0.01			$ 0.01			$ 0.01	$ 0.01
Divestiture of business					$ 30,000	$ 6,492
Minimum lease payments		$ 78,833			78,833
Taxi Solutions
Schedule of Equity Method Investments [Line Items]
Divestiture of business	$ 22,500	7,500
Percentage of ownership after divestiture	10.00%
Divestiture, income (loss) before income taxes			$ 800	$ (22,900)		$ (26,200)
Minimum lease payments		50,000			50,000
Annual guaranteed lease payments		$ 3,900			$ 3,900
Minimum | Taxi Solutions
Schedule of Equity Method Investments [Line Items]
Ownership interest in equity method investment (percent)	3.00%		3.00%
Maximum | Taxi Solutions
Schedule of Equity Method Investments [Line Items]
Ownership interest in equity method investment (percent)	5.00%		5.00%
Vertex Merger
Schedule of Equity Method Investments [Line Items]
Share price upon conversion of common stock outstanding due to business combination (in dollars per share)							$ 23.04
Business combination, potential liability if Company terminates merger agreement							$ 86,600
Business combination, potential receivable if Company terminates merger agreement due to breach by other party							$ 186,600

Business Combination and Dive30

Business Combination and Divestiture - Summary of Assets and Liabilities Held For Sale (Details) - Taxi Solutions $ in Thousands	Dec. 11, 2017USD ($)
Schedule of Equity Method Investments [Line Items]
Accounts Receivable	$ 13,851
Prepaid expenses and other current assets	21,506
Revenue generating assets and other fixed assets	36,874
Purchased intangibles assets, net	5,579
Goodwill	47,432
Accounts payable, accruals and other current liabilities	(16,348)
Other	(2,535)
Carrying Value	106,359
Goodwill impairment	(17,384)
Fair value adjustments	(50,271)
Fair value of assets held for sale	$ 38,704

Net Income (Loss) per Share o31

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		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Numerator:
Net loss attributable to VeriFone Systems, Inc. stockholders	$ (17,045)	$ (89,267)	$ (9,796)	$ (105,890)
Denominator:
Weighted average shares attributable to VeriFone Systems, Inc. stockholders - basic (in shares)	110,508	111,688	111,023	111,522
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)	110,508	111,688	111,023	111,522
Net loss per share attributable to VeriFone Systems, Inc. stockholders:
Basic (in dollars per share)	$ (0.15)	$ (0.80)	$ (0.09)	$ (0.95)
Diluted (in dollars per share)	$ (0.15)	$ (0.80)	$ (0.09)	$ (0.95)

Net Income (Loss) per Share o32

Net Income (Loss) per Share of Common Stock - Additional Information (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Earnings Per Share [Abstract]
Antidilutive securities excluded from computation of loss per share, amount (in shares)	6.9	7.7	6.6	7.7

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 30, 2018	Jan. 31, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2018
Income Taxes [Line Items]
Income tax provision	$ 9,060		$ 8,882	$ 8,546	$ 11,802
Unrecognized tax benefits	107,000			107,000
Tax Cuts and Jobs Act of 2017, change in tax rate, income tax benefit		$ 3,100
Tax Cuts and Jobs Act of 2017, change in tax rate, deferred tax asset, income tax expense		94,000
Tax Cuts and Jobs Act of 2017, change in deferred tax asset, reduction of valuation allowance		$ 97,000
Tax Cuts and Jobs Act of 2017, incomplete accounting, transition tax for accumulated earnings, provisional liability	$ 50,000			$ 50,000
Forecast
Income Taxes [Line Items]
Effective income tax rate						23.30%

Income Taxes - Income Tax Conti

Income Taxes - Income Tax Contingency (Details) - 6 months ended Apr. 30, 2018 ₪ in Millions, $ in Millions	USD ($)	ILS (₪)	ILS (₪)
Foreign Tax Authority | Tax Year 2008 - 2009
Income Tax Contingency [Line Items]
Amount of transaction under examination	$ 380.8	₪ 1,360
Foreign Tax Authority | Tax Year 2009
Income Tax Contingency [Line Items]
Amount of transaction under examination	615.6	2,200
Estimate of possible loss	379.9		₪ 1,360
Foreign Tax Authority | Tax Year 2008
Income Tax Contingency [Line Items]
Amount of transaction under examination	622.7	₪ 2,230
Estimate of possible loss	448.5		₪ 1,610
Israel | intercompany loan
Income Tax Contingency [Line Items]
Repayment of debt	$ 69

Stock Repurchase Program (Detai

Stock Repurchase Program (Details) - USD ($)	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Dec. 31, 2017	Sep. 30, 2015
Equity [Abstract]
Stock repurchases authorized amount				$ 200,000,000
Additional authorized amount			$ 100,000,000
Stock repurchases (in shares)	2,800,000	0
Stock repurchases, amount	$ 50,000,000	$ 0
Average repurchase price (in dollars per share)	$ 18.03
Stock repurchases remaining authorized amount	$ 100,000,000

Balance Sheet and Statement o36

Balance Sheet and Statement of Operations Components - Cash, Cash Equivalents and Restricted Cash (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017	Apr. 30, 2017	Oct. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Cash and cash equivalents	$ 168,405	$ 131,029	$ 134,493	$ 148,352
Restricted cash included in Prepaid expenses and other current assets	28,496	11,413	12,507	9,008
Restricted cash included in Other long-term assets	938	1,287	1,581	1,821
Total cash, cash equivalents and restricted cash	$ 197,839	$ 143,729	$ 148,581	$ 159,181

Balance Sheet and Statement o37

Balance Sheet and Statement of Operations Components - Inventories (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Raw materials	$ 35,326	$ 32,118
Work-in-process	809	978
Finished goods	87,854	93,467
Total inventories	$ 123,989	$ 126,563

Balance Sheet and Statement o38

Balance Sheet and Statement of Operations Components - Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Assets held for sale	$ 358	$ 46,368
Prepaid expenses	54,817	41,824
Other current assets	81,767	50,204
Total prepaid expenses and other current assets	$ 136,942	$ 138,396

Balance Sheet and Statement o39

Balance Sheet and Statement of Operations Components - Other Long-Term Assets (Details) - USD ($) $ in Thousands	May 01, 2018	Apr. 30, 2018	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Capitalized software development costs		$ 49,694	$ 50,691
Investments accounted for under the equity method		20,264	16,803
Other		31,642	34,312
Total other long-term assets		101,600	$ 101,806
Maximum exposure of equity method investments		$ 55,700
Subsequent Event
Subsequent Event [Line Items]
Canceled committed line of credit	$ 10,000

Balance Sheet and Statement o40

Balance Sheet and Statement of Operations Components - Accruals and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued expenses	$ 67,495	$ 57,114
Accrued compensation	57,208	65,663
Other current liabilities	88,085	104,518
Total accruals and other current liabilities	$ 212,788	$ 227,295

Balance Sheet and Statement o41

Balance Sheet and Statement of Operations Components - Accrued Warranty (Detail) - USD ($) $ in Thousands	6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017
Movement in Standard Product Warranty Accrual [Roll Forward]
Balance at beginning of period	$ 13,488	$ 16,656
Warranty charged to Cost of net revenues	4,660	7,278
Utilization of warranty accrual	(5,732)	(6,411)
Balance at end of period	12,416	17,523
Less: current portion	(10,680)	(15,203)
Long-term portion	$ 1,736	$ 2,320

Balance Sheet and Statement o42

Balance Sheet and Statement of Operations Components - Deferred Revenue, Net (Detail) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Deferred revenue	$ 181,003	$ 181,271
Deferred cost of revenue	(15,347)	(18,056)
Deferred revenue, net	165,656	163,215
Less: current portion	(106,466)	(101,427)
Long-term portion	$ 59,190	$ 61,788

Balance Sheet and Statement o43

Balance Sheet and Statement of Operations Components - Summary of Stock-based Compensation Expense Recognized (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 8,598	$ 11,178	$ 18,489	$ 20,731
Cost of net revenues
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	1,383	1,125	2,589	2,055
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	1,916	1,831	3,554	3,399
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	2,110	3,244	4,717	5,831
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 3,189	$ 4,978	$ 7,629	$ 9,446

Balance Sheet and Statement o44

Balance Sheet and Statement of Operations Components - Accumulated Other Comprehensive Loss (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2018USD ($)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	$ 782,210
Ending balance	770,218
Foreign currency translation adjustments
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(265,057)
Gains (losses) before reclassifications, net of tax	25,878
Amounts reclassified from Accumulated other comprehensive loss, net of tax	902
Other comprehensive income (loss)	26,780
Ending balance	(238,277)
Unrealized gain (loss) on derivatives designated as cash flow hedges
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	1,814
Gains (losses) before reclassifications, net of tax	2,407
Amounts reclassified from Accumulated other comprehensive loss, net of tax	(700)
Other comprehensive income (loss)	1,707
Ending balance	3,521
Other
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(3,329)
Gains (losses) before reclassifications, net of tax	0
Amounts reclassified from Accumulated other comprehensive loss, net of tax	1,018
Other comprehensive income (loss)	1,018
Ending balance	(2,311)
Accumulated Other Comprehensive Income (Loss)
AOCI Attributable to Parent, Net of Tax [Roll Forward]
Beginning balance	(266,572)
Gains (losses) before reclassifications, net of tax	28,285
Amounts reclassified from Accumulated other comprehensive loss, net of tax	1,220
Other comprehensive income (loss)	29,505
Ending balance	$ (237,067)

Financial Instruments - Derivat

Financial Instruments - Derivatives (Details) - USD ($) $ in Millions	6 Months Ended
	Apr. 30, 2018	Oct. 31, 2017
Foreign Exchange Forward | Maximum
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, maturity period (days)	90 days
Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative Instruments, Gain (Loss) [Line Items]
Interest rate swap agreements designated as cash flow hedges	$ 5.4	$ 3.7
Not Designated as Hedging Instrument | Foreign Exchange Forward
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, notional amount	$ 235.3	$ 255.2

Goodwill and Purchased Intang46

Goodwill and Purchased Intangible Assets - Summary of Goodwill (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2018USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 1,104,370
Currency translation adjustments	21,527
Ending balance	1,125,897
Verifone Systems
Goodwill [Roll Forward]
Beginning balance	514,904
Currency translation adjustments	9,042
Ending balance	523,946
Verifone Services
Goodwill [Roll Forward]
Beginning balance	589,466
Currency translation adjustments	12,485
Ending balance	$ 601,951

Goodwill and Purchased Intang47

Goodwill and Purchased Intangible Assets - Purchased intangible assets (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Goodwill [Line Items]
Gross Carrying Amount	$ 544,687	$ 536,356
Accumulated Amortization	(334,617)	(299,978)
Total	210,070	236,378
Customer relationships
Goodwill [Line Items]
Gross Carrying Amount	506,997	498,951
Accumulated Amortization	(312,648)	(282,176)
Total	194,349	216,775
Other
Goodwill [Line Items]
Gross Carrying Amount	37,690	37,405
Accumulated Amortization	(21,969)	(17,802)
Total	$ 15,721	$ 19,603

Goodwill and Purchased Intang48

Goodwill and Purchased Intangible Assets - Amortization of purchased intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	$ 15,627	$ 18,414	$ 30,695	$ 37,177
Cost of Net Revenues
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	1,139	1,629	2,263	4,074
Operating Expenses
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	15,627	18,414	30,695	37,177
Total amortization of purchased intangible assets
Finite-Lived Intangible Assets [Line Items]
Amortization of purchased intangible assets	$ 16,766	$ 20,043	$ 32,958	$ 41,251

Financings - Schedule of Debt (

Financings - Schedule of Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Capital leases and other debt	$ 12,079	$ 10,734
Total principal payments due	879,080	837,681
Less: original issue discount and debt issuance costs	(12,899)	(6,867)
Total amounts outstanding	866,181	830,814
Less: current portion	(30,436)	(68,770)
Long-term portion	835,745	762,044
Term A loan
Debt Instrument [Line Items]
Credit Agreement	350,000	465,000
Term B loan
Debt Instrument [Line Items]
Credit Agreement	350,000	193,500
Revolving loan
Debt Instrument [Line Items]
Credit Agreement	$ 167,001	$ 168,447

Financings - Additional Informa

Financings - Additional Information (Details) - USD ($)	Apr. 30, 2018	Feb. 02, 2018	Feb. 28, 2018	Apr. 30, 2018	Dec. 31, 2019	Dec. 31, 2022	Oct. 31, 2017
Debt Instrument [Line Items]
Repayments of lines of credit		$ 775,200,000
Payments of debt issuance costs		12,900,000
Repayment of outstanding debt		277,900,000
Write off of previously capitalized debt issuance costs			$ 2,200,000
Secured Debt | Term A loan
Debt Instrument [Line Items]
Debt issued		$ 350,000,000
Interest rate applicable at period end		1.58%
Interest rate margin		1.75%
Interest rate applied		3.33%
Secured Debt | Term B loan
Debt Instrument [Line Items]
Debt issued		$ 350,000,000
Quarterly payment, percentage of outstanding balance		0.25%
Interest rate applicable at period end		1.58%
Interest rate margin		2.00%
Interest rate applied		3.58%
Secured Debt | Term Loans
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		$ 1,400,000,000
Line of Credit
Debt Instrument [Line Items]
Repayment penalties		0
Revolving Credit Facility | Line of Credit
Debt Instrument [Line Items]
Line of credit, maximum borrowing capacity		$ 700,000,000
Unused capacity, commitment fee percentage	0.25%
Interest rate applicable at period end		1.58%
Interest rate margin		1.75%
Interest rate applied		3.33%
Unused borrowing capacity	$ 533,000,000			$ 533,000,000
Revolving Credit Facility | Line of Credit | Minimum
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage		0.20%
Revolving Credit Facility | Line of Credit | Maximum
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage		0.30%
Cash flow hedges | Designated as Hedging Instrument | Interest Rate Swap
Debt Instrument [Line Items]
Derivative, amount of hedged item	350,000,000			350,000,000			$ 400,000,000
Cash flow hedge gain to be reclassified within twelve months				4,500,000
Cash flow hedges | Term Loans | Designated as Hedging Instrument | Interest Rate Swap Two
Debt Instrument [Line Items]
Derivative, amount of hedged item	$ 350,000,000			$ 350,000,000
Percentage bearing fixed interest, percentage rate	0.975%			0.975%
Forecast | Subsequent Event | Secured Debt | Term A loan
Debt Instrument [Line Items]
Quarterly payment, percentage of outstanding balance					1.25%	2.50%

Financings - Schedule of Maturi

Financings - Schedule of Maturities of Long-term Debt (Details) - USD ($) $ in Thousands	Apr. 30, 2018	Oct. 31, 2017
Debt Instrument [Line Items]
Total principal payments due	$ 879,080	$ 837,681
Amended and Restated Credit Agreement
Debt Instrument [Line Items]
Remainder of fiscal year 2018	18,911
2,019	23,292
2,020	35,162
2,021	38,569
2,022	38,524
Thereafter	724,622
Total principal payments due	$ 879,080

Restructuring and Related Cha52

Restructuring and Related Charges - Restructuring and Related Accruals (Details) $ in Thousands	6 Months Ended
	Apr. 30, 2018USD ($)
Restructuring Reserve [Roll Forward]
Beginning Balance	$ 27,892
Charges, net of adjustments	(890)
Cash payments	(8,749)
Ending Balance	18,253
Other Business Exit Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	18,367
Charges, net of adjustments	(2,798)
Cash payments	(2,729)
Ending Balance	12,840
Cumulative costs to date	25,887
June 2016 Plan | Employee Involuntary Termination Benefits
Restructuring Reserve [Roll Forward]
Beginning Balance	3,097
Charges, net of adjustments	(2,141)
Cash payments	(193)
Ending Balance	763
Cumulative costs to date	15,864
June 2016 Plan | Facilities Related Costs
Restructuring Reserve [Roll Forward]
Beginning Balance	997
Charges, net of adjustments	752
Cash payments	(1,067)
Ending Balance	682
Cumulative costs to date	3,477
June 2017 Plan | Employee Involuntary Termination Benefits
Restructuring Reserve [Roll Forward]
Beginning Balance	5,431
Charges, net of adjustments	3,297
Cash payments	(4,760)
Ending Balance	3,968
Cumulative costs to date	$ 15,116

Restructuring and Related Cha53

Restructuring and Related Charges - Restructuring and Related Charges Allocation (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	$ (734)	$ 80,497	$ (890)	$ 82,395
Cost of net revenues
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	(452)	11,601	(1,001)	12,357
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Total restructuring and related charges	$ (282)	$ 68,896	$ 111	$ 70,038

Restructuring and Related Cha54

Restructuring and Related Charges - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017	Oct. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring charges	$ (734)	$ 80,497	$ (890)	$ 82,395
Accrual for future obligations	18,253		18,253		$ 27,892
Cost of net revenues
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(452)	11,601	(1,001)	12,357
Operating Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring charges	(282)	68,896	111	70,038
Other Business Exit Costs
Restructuring Cost and Reserve [Line Items]
Accrual for future obligations	12,840		12,840		$ 18,367
Terminated customer agreements
Restructuring Cost and Reserve [Line Items]
Restructuring charges		28,100		28,100
Accrual for future obligations	$ 12,800		$ 12,800
Petroleum Media Business | Other Business Exit Costs
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value		49,100		49,100
Petroleum Media Business | Other Business Exit Costs | Cost of net revenues
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value		10,600		10,600
Petroleum Media Business | Other Business Exit Costs | Operating Expenses
Restructuring Cost and Reserve [Line Items]
Write-down of assets to fair value		$ 38,500		$ 38,500

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Lease Payments (Detail) $ in Thousands	Apr. 30, 2018USD ($)
Commitments and Contingencies Disclosure [Line Items]
Minimum lease payments, Remainder of fiscal year 2018	$ 14,282
Minimum lease payments, 2019	20,044
Minimum lease payments, 2020	17,027
Minimum lease payments, 2021	12,192
Minimum lease payments, 2022	6,706
Minimum lease payments, thereafter	8,582
Total minimum lease payments	78,833
Sublease rental income, Remainder of fiscal year 2018	(343)
Sublease rental income, 2019	(645)
Sublease rental income, 2020	(659)
Sublease rental income, 2021	(672)
Sublease rental income, 2022	(687)
Sublease rental income, thereafter	(1,510)
Total sublease rental income	(4,516)
Net of sublease rental income
Commitments and Contingencies Disclosure [Line Items]
Minimum lease payments, Remainder of fiscal year 2018	13,939
Minimum lease payments, 2019	19,399
Minimum lease payments, 2020	16,368
Minimum lease payments, 2021	11,520
Minimum lease payments, 2022	6,019
Minimum lease payments, thereafter	7,072
Total minimum lease payments	$ 74,317

Commitments and Contingencies56

Commitments and Contingencies - Rent Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Commitments and Contingencies Disclosure [Line Items]
Rent expense	$ 6,565	$ 13,480	$ 16,078	$ 28,323
Taxi Media Operating
Commitments and Contingencies Disclosure [Line Items]
Rent expense	0	6,840	2,794	14,935
Other Rent Expense
Commitments and Contingencies Disclosure [Line Items]
Rent expense	$ 6,565	$ 6,640	$ 13,284	$ 13,388

Commitments and Contingencies57

Commitments and Contingencies - Additional Information (Details) R$ in Millions	May 14, 2018USD ($)	May 14, 2018ILS (₪)	Apr. 03, 2017USD ($)	Apr. 30, 2018USD ($)	Jun. 01, 2018class_action	Apr. 30, 2018BRL (R$)
Commitments and Contingencies Disclosure [Line Items]
Purchase commitment, amount			$ 144,000,000
Purchase commitment, length of period			4 years
Purchase commitment, annual amount			$ 36,000,000
Remaining amount of purchase commitment				$ 82,000,000
Debt issuance guaranteed maximum				16,800,000
Minimum lease payments				$ 78,833,000
Loss contingency accrual, percent of total liability paid				10.00%		10.00%
Unrecognized tax benefits liability				$ 35,300,000
Taxi Solutions
Commitments and Contingencies Disclosure [Line Items]
Annual guaranteed lease payments				3,900,000
Minimum lease payments				50,000,000
Payment Guarantee | Taxi Solutions
Commitments and Contingencies Disclosure [Line Items]
Debt issuance guaranteed maximum				$ 21,500,000
Minimum
Commitments and Contingencies Disclosure [Line Items]
Bank guarantees, maturities				2 months
Maximum
Commitments and Contingencies Disclosure [Line Items]
Bank guarantees, maturities				8 years
State Value Added Tax | Maximum
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				$ 2,700,000		R$ 9.5
Sao Paulo | Municipality Tax on Services Assessments | Maximum
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				300,000		0.9
Sao Paulo | Revised Municipality Tax On Services Assessments
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				8,000,000		28
Sao Paulo | Revised Municipality Tax On Services Assessments | Maximum
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				1,700,000		5.9
Curitiba | Municipality Tax on Services Assessments | Maximum
Commitments and Contingencies Disclosure [Line Items]
Estimate of possible loss				1,800,000		R$ 6.2
Gas Media | Payment Guarantee
Commitments and Contingencies Disclosure [Line Items]
Debt issuance guaranteed maximum				12,500,000
Loans Insured or Guaranteed by non-US Government Authorities
Commitments and Contingencies Disclosure [Line Items]
Debt issuance guaranteed maximum				$ 4,700,000
Subsequent Event
Commitments and Contingencies Disclosure [Line Items]
Loss contingency, number of security class-actions | class_action					4
Litigation settlement, amount awarded to other party | ₪		₪ 1,150,000
Litigation settlement, amount awarded to other party, including tax	$ 400,000	₪ 1,345,500

Segment and Geographic Inform58

Segment and Geographic Information - Net Revenues and Operating Income (Loss) for Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Apr. 30, 2018	Apr. 30, 2017	Apr. 30, 2018	Apr. 30, 2017
Segment Reporting Information [Line Items]
Revenues	$ 438,403	$ 473,685	$ 875,200	$ 927,556
Total operating income (loss)	6,766	(81,394)	23,478	(85,829)
Acquisition related	(8,022)	0	(8,022)	0
Restructuring and related			2,299	(39,579)
Amortization of purchase intangible assets	(15,627)	(18,414)	(30,695)	(37,177)
Stock-based compensation expense	(8,598)	(11,178)	(18,489)	(20,731)
Goodwill impairment	0	(17,384)	0	(17,384)
Operating Segments
Segment Reporting Information [Line Items]
Revenues	438,403	473,930	875,200	930,549
Total operating income (loss)	85,039	90,765	174,615	176,300
Operating Segments | Verifone Systems
Segment Reporting Information [Line Items]
Revenues	258,571	285,675	501,627	551,076
Total operating income (loss)	35,079	47,029	68,583	87,741
Operating Segments | Verifone Services
Segment Reporting Information [Line Items]
Revenues	179,832	188,255	373,573	379,473
Total operating income (loss)	49,960	43,736	106,032	88,559
Segment Reconciling Items
Segment Reporting Information [Line Items]
Amortization of step down in deferred services net revenues at acquisition	0	(245)	0	(2,993)
Amortization of step down in deferred services gross margin at acquisition	0	(191)	0	(2,385)
Acquisition related	(8,022)	0	(8,022)	0
Restructuring and related	735	(80,497)	890	(82,395)
Amortization of purchase intangible assets	(16,766)	(20,043)	(32,958)	(41,251)
Stock-based compensation expense	(8,598)	(11,178)	(18,489)	(20,731)
Goodwill impairment	0	(17,384)	0	(17,384)
Unallocated general and administrative expenses	(46,415)	(41,777)	(93,017)	(88,114)
Unallocated research and development expenses	800	(1,051)	469	(9,833)
Other unallocated costs	$ (7)	$ (38)	$ (10)	$ (36)