Travelport Worldwide (TVPT) 10-Q 9 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	May 08, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	Travelport Worldwide LTD
Entity Central Index Key	1,424,755
Trading Symbol	tvpt
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		124,392,455
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Amendment Flag	false
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1

CONSOLIDATED CONDENSED STATEMEN

CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Statement [Abstract]
Net revenue	$ 650,763	$ 609,263
Costs and expenses
Cost of revenue	386,837	362,677
Selling, general and administrative	112,147	114,477
Depreciation and amortization	52,909	52,241
Total costs and expenses	551,893	529,395
Operating income	98,870	79,868
Interest expense, net	(30,275)	(54,895)
Income before income taxes	68,595	24,973
Provision for income taxes	(12,732)	(7,792)
Net income	55,863	17,181
Net loss (income) attributable to non-controlling interest in subsidiaries	243	(596)
Net income attributable to the Company	$ 56,106	$ 16,585
Income per share - Basic:
Income per share (in dollars per share)	$ 0.45	$ 0.13
Weighted average common shares outstanding - Basic (in shares)	124,081,175	123,718,311
Income per share - Diluted:
Income per share (in dollars per share)	$ 0.45	$ 0.13
Weighted average common shares outstanding - Diluted (in shares)	125,516,945	123,778,407
Cash dividends declared per common share (in dollars per share)	$ 0.075	$ 0.075

CONSOLIDATED CONDENSED STATEME3

CONSOLIDATED CONDENSED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Net income	$ 55,863	$ 17,181
Other comprehensive income, net of tax
Currency translation adjustment, net of tax	4,337	7,459
Amortization of actuarial loss to net income, net of tax	2,599	2,251
Other comprehensive income, net of tax	6,936	9,710
Comprehensive income	62,799	26,891
Comprehensive loss (income) attributable to non-controlling interest in subsidiaries	243	(596)
Comprehensive income attributable to the Company	$ 63,042	$ 26,295

CONSOLIDATED CONDENSED BALANCE

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 187,407	$ 139,938
Accounts receivable (net of allowances for doubtful accounts of $12,720 and $13,430)	267,785	218,224
Other current assets	99,286	84,089
Total current assets	554,478	442,251
Property and equipment, net	414,639	431,046
Goodwill	1,082,315	1,079,951
Trademarks and tradenames	313,097	313,097
Other intangible assets, net	510,750	511,607
Deferred income taxes	9,366	9,213
Other non-current assets	48,460	46,764
Total assets	2,933,105	2,833,929
Current liabilities:
Accounts payable	62,347	59,219
Accrued expenses and other current liabilities	527,862	478,560
Current portion of long-term debt	62,441	63,558
Total current liabilities	652,650	601,337
Long-term debt	2,270,788	2,281,210
Deferred income taxes	59,433	59,381
Other non-current liabilities	225,049	227,783
Total liabilities	3,207,920	3,169,711
Commitments and contingencies (Note 11)
Shareholders' equity (deficit):
Preference shares ($0.0025 par value; 225,000,000 shares authorized; no shares issued and outstanding as of March 31, 2017 and December 31, 2016)
Common shares ($0.0025 par value; 560,000,000 shares authorized; 125,000,621 shares and 124,941,233 shares issued; 124,082,833 shares and 124,032,361 shares outstanding as of March 31, 2017 and December 31, 2016, respectively)	312	312
Additional paid in capital	2,705,950	2,708,836
Treasury shares, at cost (917,788 shares and 908,872 shares as of March 31, 2017 and December 31, 2016, respectively)	(14,294)	(14,166)
Accumulated deficit	(2,808,732)	(2,864,838)
Accumulated other comprehensive loss	(183,136)	(190,072)
Total shareholders' equity (deficit)	(299,900)	(359,928)
Equity attributable to non-controlling interest in subsidiaries	25,085	24,146
Total equity (deficit)	(274,815)	(335,782)
Total liabilities and equity	$ 2,933,105	$ 2,833,929

CONSOLIDATED CONDENSED BALANCE5

CONSOLIDATED CONDENSED BALANCE SHEETS (unaudited) (Parentheticals) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowances for doubtful accounts receivable (in dollars)	$ 12,720	$ 13,430
Preferred stock, par value (in dollars per share)	$ 0.0025	$ 0.0025
Preferred stock, share authorized	225,000,000	225,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.0025	$ 0.0025
Common stock, shares authorized	560,000,000	560,000,000
Common stock, shares issued	125,000,621	124,941,233
Common stock, shares outstanding	124,082,833	124,032,361
Treasury stock, shares	917,788	908,872

CONSOLIDATED CONDENSED STATEME6

CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS (unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Operating activities
Net income	$ 55,863	$ 17,181
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	52,909	52,241
Amortization of customer loyalty payments	18,795	16,574
Impairment of long-lived assets	685	461
Amortization of debt finance costs and debt discount	2,673	2,571
Gain on foreign exchange derivative instruments	(7,701)	(11,074)
(Gain) loss on interest rate derivative instruments	(226)	16,456
Equity-based compensation	8,006	9,117
Deferred income taxes	152	(887)
Customer loyalty payments	(16,755)	(25,307)
Pension liability contribution	(595)	(1,118)
Changes in assets and liabilities:
Accounts receivable	(49,198)	(49,424)
Other current assets	(4,075)	(23,251)
Accounts payable, accrued expenses and other current liabilities	37,449	27,232
Other	(2,960)	(4,568)
Net cash provided by operating activities	95,022	26,204
Investing activities
Property and equipment additions	(23,609)	(22,521)
Net cash used in investing activities	(23,609)	(22,521)
Financing activities
Repayment of term loans	(5,938)	(9,405)
Repayment of capital lease obligations and other indebtedness	(9,511)	(12,079)
Proceeds from revolver borrowings		10,000
Repayment of revolver borrowings		(10,000)
Dividend to shareholders	(9,306)	(9,280)
Proceeds from share issuance under employee share purchase plan	632
Treasury share purchase related to vesting of equity awards	(128)	(275)
Net cash used in financing activities	(24,251)	(31,039)
Effect of changes in exchange rates on cash and cash equivalents	307	508
Net increase (decrease) in cash and cash equivalents	47,469	(26,848)
Cash and cash equivalents at beginning of period	139,938	154,841
Cash and cash equivalents at end of period	187,407	127,993
Supplemental disclosures of cash flow information
Interest payments, net of capitalized interest	30,126	37,480
Income tax payments, net of refunds	3,905	4,549
Non-cash capital lease additions	$ 1,651	$ 6,779

CONSOLIDATED CONDENSED STATEME7

CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN TOTAL EQUITY (DEFICIT) (unaudited) - USD ($) $ in Thousands	Common Stock	Additional Paid in Capital	Treasury Shares	Accumulated Deficit	Accumulated Other Comprehensive Loss	Non- Controlling Interest in Subsidiaries	Total
Balance at Dec. 31, 2015	$ 311	$ 2,715,538	$ (13,331)	$ (2,881,658)	$ (177,507)	$ 33,789	$ (322,858)
Balance (in shares) at Dec. 31, 2015	124,476,382		844,908
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend to shareholders ($0.075 per common share)		(9,458)					(9,458)
Equity-based compensation		9,026					9,026
Equity-based compensation (in shares)	111,412
Treasury shares purchased in relation to vesting of equity awards			$ (275)				(275)
Treasury shares purchased in relation to vesting of equity awards (in shares)			23,417
Comprehensive income (loss), net of tax				16,585	9,710	596	26,891
Balance at Mar. 31, 2016	$ 311	2,715,106	$ (13,606)	(2,865,073)	(167,797)	34,385	(296,674)
Balance (in shares) at Mar. 31, 2016	124,587,794		868,325
Balance at Dec. 31, 2016	$ 312	2,708,836	$ (14,166)	(2,864,838)	(190,072)	24,146	(335,782)
Balance (in shares) at Dec. 31, 2016	124,941,233		908,872
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividend to shareholders ($0.075 per common share)		(10,054)					(10,054)
Equity-based compensation		7,168				1,182	8,350
Equity-based compensation (in shares)	59,388
Treasury shares purchased in relation to vesting of equity awards			$ (128)				(128)
Treasury shares purchased in relation to vesting of equity awards (in shares)			8,916
Comprehensive income (loss), net of tax				56,106	6,936	(243)	62,799
Balance at Mar. 31, 2017	$ 312	$ 2,705,950	$ (14,294)	$ (2,808,732)	$ (183,136)	$ 25,085	$ (274,815)
Balance (in shares) at Mar. 31, 2017	125,000,621		917,788

CONSOLIDATED CONDENSED STATEME8

CONSOLIDATED CONDENSED STATEMENT OF CHANGES IN TOTAL EQUITY (DEFICIT) (Parentheticals) - $ / shares	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Stockholders' Equity [Abstract]
Per share dividend to shareholders	$ 0.075	$ 0.075

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation Basis of Presentation Travelport Worldwide Limited (the “Company” or “Travelport”) is a travel commerce platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. With a presence in approximately 180 countries and territories, Travelport business is comprised of: The Travel Commerce Platform, through which the Company facilitates travel commerce by connecting the world’s leading travel providers, such as airlines and hotel chains, with online and offline travel buyers in the Company’s proprietary business-to-business (“B2B”) travel commerce platform. As travel industry needs evolve, Travelport is utilizing its Travel Commerce Platform to redefine the electronic distribution and merchandising of airline core and ancillary products, as well as extending its reach into the growing world of travel commerce beyond air, including to hotel, car rental, rail, cruise-line and tour operators. In addition, Travelport has leveraged its domain expertise in the travel industry to design a pioneering B2B payment solution that addresses the need of travel agencies to efficiently and securely make payments to travel providers globally. The Company also provides travel companies with a mobile travel platform and digital product set that allows airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through digital services including apps, mobile web and mobile messaging. Travelport utilizes the extensive data managed by its platform to provide an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel agencies, travel providers and other travel data users. Through its Technology Services, Travelport provides critical hosting solutions to airlines, such as pricing, shopping, ticketing, ground handling and other solutions, enabling them to focus on their core business competencies and reduce costs. The Company hosts reservations, inventory management and other related critical systems for Delta Air Lines Inc. The Company has two operating segments, Travelport and eNett; however, the Company reports them together as one reportable segment as eNett does not meet the thresholds for a separate reportable segment. These consolidated condensed financial statements and other consolidated condensed financial information included in this Quarterly Report on Form 10-Q are unaudited, with the exception of the December 31, 2016 consolidated balance sheet, which was derived from audited consolidated financial statements. These consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim reporting. Certain disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In presenting the consolidated condensed financial statements in accordance with U.S. GAAP, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgments and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the consolidated condensed financial statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These consolidated condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on February 21, 2017.

Recently Issued Accounting Pron

Recently Issued Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Pension In March 2017, the Financial Accounting Standards Board (the “FASB”) issued guidance on the presentation of net periodic pension cost and post-retirement benefit cost (“net benefit cost”). The new guidance requires the Company to present the service cost component of net benefit cost as part of the other employee compensation costs in operating income, which can be further considered for capitalization as part of the capitalization policy, and present the other components of net benefit cost, including interest costs, expected return on plan assets and amortization of actuarial gain or loss (the “other components”) separately, in one or more line items, outside of operating income. Further, the new guidance requires a company to disclose in the footnotes to the financial statements the line items that contain the other components of net benefit cost, if they are not presented on appropriately described separate lines in the statement of operations. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017 using a retrospective transition method (except for capitalization of service cost, which has to be applied on a prospective basis). Early adoption of the amendments in the guidance is permitted only in the first quarter of 2017. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Goodwill Impairment In January 2017, the FASB issued guidance to simplify the accounting for goodwill impairment. The guidance removes step two of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds its fair value. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2019. Early adoption of the amendments in the guidance is permitted for any impairment tests performed after January 1, 2017 and requires its application using a prospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Restricted Cash In November 2016, the FASB issued guidance that requires entities to include restricted cash as part of cash and cash equivalents in the statement of cash flows. It also requires a reconciliation between the balance sheet and the statement of cash flows. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017. Early adoption of the amendments in the guidance is permitted and requires its application using a retrospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Statement of Cash Flows In August 2016, the FASB issued guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. The amendments provide specific guidance relating to the classification of certain items, including cash payments for debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investments and cash flows classification based on its predominate source or use. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017. Early adoption of the amendments in the guidance is permitted and requires its application using a retrospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Financial Instruments—Credit Losses In June 2016, the FASB issued guidance that amends the guidance on accounting for credit losses on financial instruments. The guidance adds an impairment model that is based on expected losses rather than incurred losses. Under this new guidance, an entity will recognize an allowance for credit losses based on its estimate of expected credit losses, which will result in more timely recognition of such losses. The guidance requires an entity to consider all available relevant information when estimating expected credit losses, including details about past events, current conditions and reasonable and supportable forecasts and their implications for expected credit losses. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2019 and requires its application using a retrospective transition method. The Company is currently evaluating the impact of the amended guidance on the consolidated condensed financial statements. Compensation—Equity-Based Compensation In March 2016, the FASB issued guidance that simplified several areas of employee equity-based compensation accounting, including income taxes, forfeitures, minimum statutory withholding requirements and classifications within the statement of cash flows. More significantly, the new guidance eliminated the need to track tax windfalls in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are to be recorded within income tax expense. The new guidance also gives entities the ability to elect whether to estimate forfeitures or account for them as they occur. The Company adopted the provisions of this guidance effective January 1, 2017. Adoption of the requirements within this guidance related to excess tax benefits, forfeitures, minimum statutory withholding requirements and classifications within the statement of cash flows did not have a material impact on the Company’s consolidated condensed financial statements. The recognition of a $10 million deferred tax asset as of January 1, 2017 related to an unrecognized excess tax benefit was fully offset by a valuation allowance recorded as it is more-likely-than-not that the deferred tax asset will not be realized. Leases In February 2016, the FASB issued guidance on lease accounting that supersedes the current guidance on leases. The new guidance establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2018. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption of the amendments in the guidance is permitted. The Company is currently evaluating the impact of the guidance on the consolidated condensed financial statements. The Company’s minimum lease commitments for operating leases as of March 31, 2017 was $100 million. Revenue Recognition In May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of the time value of money in the transaction price and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB delayed the effective date of the new revenue guidance issued in May 2014 by one year but allowed companies a choice to adopt the guidance as of the original effective date that was set out in May 2014. The Company has decided to adopt the guidance beginning January 1, 2018. The guidance permits the use of either a full or modified retrospective adoption approach. The Company expects to adopt the guidance using the modified retrospective approach, under which the cumulative effect of initially applying the guidance will be recognized as an adjustment to the opening balance of retained earnings (or accumulated losses) as of January 1, 2018. The guidance also permits the application of the modified retrospective approach to either all contracts as of the date of initial application or only to contracts that are not completed as of this date. The Company expects to apply the modified retrospective approach only to contracts that are not completed as of January 1, 2018. The Company is in the process of evaluating its contracts with customers and analyzing the impact of the new guidance on the Company’s revenue contracts, comparing its current accounting policies and practices to the requirements of the new guidance, and identifying potential differences that would result from applying the new guidance to its contracts. The Company is also in the process of identifying and implementing changes to its business processes, systems and controls to support adoption of the new guidance in 2018. As of March 31, 2017, the expected impact on the consolidated condensed financial statements cannot be reasonably estimated.

Other Current Assets

Other Current Assets	3 Months Ended
	Mar. 31, 2017
Prepaid Expense and Other Assets, Current [Abstract]
Other Current Assets	3. Other Current Assets Other current assets consisted of: (in $ thousands) March 31, 2017 December 31, 2016 Sales and use tax receivables $ 26,216 $ 27,178 Prepaid expenses 25,339 26,289 Client funds 19,265 11,632 Prepaid incentives 13,698 9,492 Derivative assets 2,325 856 Other 12,443 8,642 $ 99,286 $ 84,089 Client funds represent cash held on behalf of clients for a short period of time before being transferred to travel industry partners. A compensating balance is held in accrued expenses and other current liabilities as customer prepayments.

Property and Equipment, Net

Property and Equipment, Net	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	4. Property and Equipment, Net Property and equipment, net, consisted of: ​ ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ (in $ thousands) ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ Capitalized software ​ ​ ​ $ 965,418 ​ ​ ​ ​ $ (756,921 ) ​ ​ ​ ​ $ 208,497 ​ ​ ​ ​ $ 925,998 ​ ​ ​ ​ $ (736,573 ) ​ ​ ​ ​ $ 189,425 ​ ​ Computer equipment ​ ​ ​ ​ 342,479 ​ ​ ​ ​ ​ (207,804 ) ​ ​ ​ ​ ​ 134,675 ​ ​ ​ ​ ​ 344,112 ​ ​ ​ ​ ​ (205,222 ) ​ ​ ​ ​ ​ 138,890 ​ ​ Building and leasehold improvements ​ ​ ​ ​ 26,670 ​ ​ ​ ​ ​ (9,313 ) ​ ​ ​ ​ ​ 17,357 ​ ​ ​ ​ ​ 27,187 ​ ​ ​ ​ ​ (9,622 ) ​ ​ ​ ​ ​ 17,565 ​ ​ Construction in progress ​ ​ ​ ​ 54,110 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 54,110 ​ ​ ​ ​ ​ 85,166 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 85,166 ​ ​ ​ ​ ​ ​ $ 1,388,677 ​ ​ ​ ​ $ (974,038 ) ​ ​ ​ ​ $ 414,639 ​ ​ ​ ​ $ 1,382,463 ​ ​ ​ ​ $ (951,417 ) ​ ​ ​ ​ $ 431,046 ​ ​ ​ The Company recorded depreciation expense (including depreciation on assets under capital leases) of $43 million and $41 million during the three months ended March 31, 2017 and 2016, respectively. As of March 31, 2017 and December 31, 2016, the Company had capital lease assets of  $192 million and $195 million, respectively, with accumulated depreciation of  $100 million and $93 million, respectively, included within computer equipment.

Intangible Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	5. Intangible Assets The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2017 and March 31, 2017 are as follows: (in $ thousands) ​ ​ January 1, 2017 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ March 31, 2017 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 1,079,951 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,364 ​ ​ ​ ​ $ 1,082,315 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 313,097 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 313,097 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,127,059 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (368,715 ) ​ ​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 758,370 ​ ​ Accumulated amortization ​ ​ ​ ​ (804,089 ) ​ ​ ​ ​ ​ (10,392 ) ​ ​ ​ ​ ​ 368,715 ​ ​ ​ ​ ​ (52 ) ​ ​ ​ ​ ​ (445,818 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 322,970 ​ ​ ​ ​ ​ (10,392 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (26 ) ​ ​ ​ ​ ​ 312,552 ​ ​ Customer loyalty payments ​ ​ ​ ​ 358,259 ​ ​ ​ ​ ​ 28,354 ​ ​ ​ ​ ​ (12,908 ) ​ ​ ​ ​ ​ 2,076 ​ ​ ​ ​ ​ 375,781 ​ ​ Accumulated amortization ​ ​ ​ ​ (169,622 ) ​ ​ ​ ​ ​ (18,795 ) ​ ​ ​ ​ ​ 12,908 ​ ​ ​ ​ ​ (2,074 ) ​ ​ ​ ​ ​ (177,583 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 188,637 ​ ​ ​ ​ ​ 9,559 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 198,198 ​ ​ Other intangible assets, net ​ ​ ​ $ 511,607 ​ ​ ​ ​ $ (833 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (24 ) ​ ​ ​ ​ $ 510,750 ​ ​ ​ The changes in the carrying amount of goodwill and intangible assets for the Company between January 1, 2016 and March 31, 2016 are as follows: (in $ thousands) January 1, 2016 Additions Retirements Foreign Exchange March 31, 2016 Non-Amortizable Assets: Goodwill $ 1,067,415 $ — $ — $ 4,660 $ 1,072,075 Trademarks and tradenames 313,961 — — 52 314,013 Other Intangible Assets: Acquired intangible assets 1,127,360 — — (26 ) 1,127,334 Accumulated amortization (756,489 ) (11,139 ) — (552 ) (768,180 ) Acquired intangible assets, net 370,871 (11,139 ) — (578 ) 359,154 Customer loyalty payments 300,142 32,050 (19,880 ) 4,124 316,436 Accumulated amortization (136,473 ) (16,574 ) 19,154 (1,556 ) (135,449 ) Customer loyalty payments, net 163,669 15,476 (726 ) 2,568 180,987 Other intangible assets, net $ 534,540 $ 4,337 $ (726 ) $ 1,990 $ 540,141 The Company paid cash of $17 million and $25 million for customer loyalty payments during the three months ended March 31, 2017 and 2016, respectively. Further, as of March 31, 2017 and December 31, 2016, the Company had balances payable of  $70 million and $60 million, respectively, for customer loyalty payments. Amortization expense for acquired intangible assets was $10 million and $11 million for the three months ended March 31, 2017 and 2016, respectively, and is included as a component of depreciation and amortization in the Company’s consolidated condensed statements of operations. Amortization expense for customer loyalty payments was $19 million and $17 million for the three months ended March 31, 2017 and 2016, respectively, and is included within cost of revenue or revenue in the Company’s consolidated condensed statements of operations.

Other Non-Current Assets

Other Non-Current Assets	3 Months Ended
	Mar. 31, 2017
Other Assets, Noncurrent Disclosure [Abstract]
Other Non-Current Assets	6. Other Non-Current Assets Other non-current assets consisted of: (in $ thousands) March 31, 2017 December 31, 2016 Prepaid incentives $ 26,415 $ 25,538 Deferred financing costs 4,313 4,752 Supplier prepayments 3,630 3,454 Derivative assets 2,510 1,719 Pension assets 1,711 989 Other 9,881 10,312 $ 48,460 $ 46,764

Restructuring Charges

Restructuring Charges	3 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Restructuring Charges	7. Restructuring Charges In November 2016, the Company committed to undertake a course of action (the “Program”) to enhance and optimize the Company’s operational and technological efficiency. The Program involves (i) consolidating the multiple technological vendors with which the Company currently works, (ii) establishing a new centralized quality assurance function and (iii) consolidating the Company’s three existing U.S. technology hubs in Atlanta, Denver and Kansas City into two centers in Atlanta and Denver. These actions are expected to contribute to the achievement of the Company’s long-term targets. The Program is expected to be completed by mid-2018. The Company expects total charges under the Program in connection with severance and employee-related obligations to be approximately $14 million to $16 million and costs related to implementation to be approximately $13 million to $15 million, including approximately $1 million for the termination of operating lease and other contracts. The Company expects the obligations related to these costs to be paid in cash which will be funded from operations. Severance and employee-related costs were recorded based on the Program developed by the business and corporate management which specified positions to be eliminated, benefits to be paid for involuntary terminations under existing severance plans or as a one-time arrangement and the expected timetable for completion of the plan. Estimates of restructuring costs and benefits were made based on information available at the time the charges were recorded. Due to the inherent uncertainty involved, actual amounts paid for such activities may differ from amounts initially recorded, and the Company may need to revise previous estimates. The following table summarizes the activities related to the Company’s restructuring liability during the three month ended March 31, 2017 which is included in accrued expenses and other current liabilities in the consolidated condensed balance sheets: (in $ thousands) Severance and Obligations Implementation Costs Total Balance as of January 1, 2017 $ 11,082 $ 1,686 $ 12,768 Restructuring charges recognized 2,381 1,037 3,418 Cash payments made (372 ) (2,558 ) (2,930 ) Balance as of March 31, 2017 $ 13,091 $ 165 $ 13,256 Total restructuring charges recognized of $3 million for the three months ended March 31, 2017 are included within selling, general and administrative expenses in the consolidated condensed statements of operations.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	8. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of: (in $ thousands) March 31, 2017 December 31, 2016 Accrued commissions and incentives $ 321,145 $ 267,488 Accrued payroll and related 65,231 83,783 Deferred revenue 44,460 42,233 Income tax payable 25,956 17,560 Customer prepayments 19,265 11,632 Derivative liabilities 15,779 21,771 Accrued interest expense 13,125 15,215 Pension and post-retirement benefit liabilities 1,727 1,655 Other 21,174 17,223 $ 527,862 $ 478,560 Included in accrued commissions and incentives are $70 million and $60 million of accrued customer loyalty payments as of March 31, 2017 and December 31, 2016, respectively.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	9. Long-Term Debt Long-term debt consisted of: (in $ thousands) Interest rate Maturity March 31, 2017 December 31, 2016 Senior Secured Credit Agreement Term loans Dollar denominated (1)(2)(3) L+3.25 % September 2021 $ 2,232,453 $ 2,236,157 Revolver borrowings Dollar denominated L+5.00 % September 2019 — — Capital leases and other indebtedness 100,776 108,611 Total debt $ 2,333,229 $ 2,344,768 Less: current portion 62,441 63,558 Long-term debt $ 2,270,788 $ 2,281,210 (1) Minimum LIBOR floor of 1.00% (2) As of March 31, 2017 and December 31, 2016, the principal amounts of term loans were $2,272 million and $2,278 million, respectively, which is netted for unamortized debt finance costs of  $17 million and $18 million, respectively, and unamortized debt discount of $22 million and $23 million, respectively. (3) Interest rate on the term loans as of December 31, 2016, was LIBOR plus 4.00% The Company is not contractually required to repay quarterly installments of the term loans until the second quarter of 2019. However, the Company has classified a portion of the term loans as a current portion of long-term debt as the Company intends and is able to make additional voluntary prepayments of the term loans from cash flows from operations, which the Company expects to occur within the next twelve months. The amount of any such prepayments may vary based on the Company’s actual cash flow generation and needs, as well as general economic conditions. In January 2017, the Company entered into an amendment for its senior secured credit agreement, which (i) amended the applicable rates to 2.25% per annum, in the case of base rate loans, and 3.25% per annum, in the case of LIBOR loans and (ii) reset the 1% premium on the repricing of the term loans under the senior secured credit agreement for a period of six months. The interest rate per annum applicable to the term loans is based on, at the election of the Company, (i) LIBOR plus 3.25% or base rate (as defined in the senior secured credit agreement) plus 2.25%. The term loans are subject to a LIBOR floor of 1.00% and a base rate floor of 2.00%. The Company expects to pay interest based on LIBOR plus 3.25% for the term loans. During the three months ended March 31, 2017, the average LIBOR rate applied to the term loans was 1.02%. During the three months ended March 31, 2017, the Company (i) repaid $6 million of term loans outstanding under the senior secured credit agreement, (ii) amortized $2 million of debt finance costs and $1 million of debt discount and (iii) repaid $10 million under its capital lease obligations and other indebtedness and entered into $2 million of new capital leases for information technology assets. Under the senior secured credit agreement, the Company has a $125 million revolving credit facility with a consortium of banks, which contains a letter of credit sub-limit up to a maximum of  $50 million. As of March 31, 2017, the Company had no outstanding borrowings under its revolving credit facility and utilized $8 million for the issuance of letters of credit, with a balance of  $117 million remaining. The senior secured credit agreement also permits the issuance of certain cash collateralized letters of credit in addition to those that can be issued under the revolving credit facility, whereby 103% of cash collateral is to be maintained for outstanding letters of credit. As of March 31, 2017, there were no outstanding cash collateralized letters of credit. As of March 31, 2017, the Company was in compliance with all restrictive and financial covenants related to its long-term debt.

Financial Instruments

Financial Instruments	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Financial Instruments	10. Financial Instruments The Company uses derivative financial instruments as part of its overall strategy to manage its exposure to market risks primarily associated with fluctuations in foreign currency exchange rates and interest rates. The Company does not use derivatives for trading or speculative purposes. During the three months ended March 31, 2017, there was no material change in the Company’s foreign currency and interest rate risk management policies or in its fair value methodology. As of March 31, 2017, the Company had a net liability position of $12 million related to derivative financial instruments associated with its interest rate risk and foreign currency exchange rate risk. The Company’s primary interest rate risk exposure as of March 31, 2017 was the impact of LIBOR interest rates on the Company’s dollar denominated variable rate term loans. The term loans have a 1.00% LIBOR floor under the Company’s senior secured credit agreement. During the three months ended March 31, 2017, LIBOR rates increased above the LIBOR floor of 1.00%. In order to protect against potential higher interest costs resulting from increases in LIBOR, in October 2015, the Company transacted $1,400 million notional amount of interest rate swap contracts covering a period from February 2017 to February 2019. Further, during the three months ended March 31, 2017, the Company transacted $1,200 million notional amount of interest rate swap contracts commencing February 2019 until February 2020. These swaps fix the LIBOR rate payable on approximately 60% of the Company’s floating rate debt during these periods at average rates of 1.4010% and 2.1906%, respectively. The Company’s primary foreign currency risk exposure as of March 31, 2017 was to exchange rate fluctuations that arise from certain intercompany transactions and from non-functional currency denominated assets and liabilities and earnings denominated in non-U.S. dollar currencies. Presented below is a summary of the Company’s derivative contracts, which have not been designated as hedging instruments, recorded on the consolidated condensed balance sheets at fair value. ​ ​ ​ ​ ​ ​ Fair Value Asset ​ ​ ​ ​ ​ Fair Value (Liability) ​ (in $ thousands) ​ ​ Balance Sheet Location ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ ​ Balance Sheet Location ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ Interest ​ ​ Other ​ ​ ​ $ 1,035 ​ ​ ​ ​ $ 768 ​ ​ ​ Accrued expenses ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ Interest ​ ​ Other ​ ​ ​ ​ 2,510 ​ ​ ​ ​ ​ 1,719 ​ ​ ​ Other non-current ​ ​ ​ ​ (832 ) ​ ​ ​ ​ ​ — ​ ​ Foreign currency ​ ​ Other ​ ​ ​ ​ 1,290 ​ ​ ​ ​ ​ 88 ​ ​ ​ Accrued expenses ​ ​ ​ ​ (15,779 ) ​ ​ ​ ​ ​ (21,771 ) ​ ​ Total fair value of ​ ​ ​ ​ ​ ​ $ 4,835 ​ ​ ​ ​ $ 2,575 ​ ​ ​ ​ ​ ​ ​ $ (16,611 ) ​ ​ ​ ​ $ (21,771 ) ​ ​ ​ As of March 31, 2017, the notional amounts of foreign currency forward contracts was $292 million, and for interest rate swap contracts covering a period from February 2017 to February 2019 was $1,400 million and for contracts covering a period from February 2019 to February 2020 was $1,200 million. The following table provides a reconciliation of the movement in the net carrying amount of derivative financial instruments during the three months ended March 31, 2017 and 2016. (in $ thousands) Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Net derivative liability opening balance $ (19,196 ) $ (2,111 ) Total gain (loss) for the period included in net income 2,284 (14,605 ) Payments on settlement of foreign currency derivative contracts 5,136 9,261 Net derivative liability closing balance $ (11,776 ) $ (7,455 ) The table below presents the impact of the changes in fair values of derivatives not designated as hedges on net income during the three months ended March 31, 2017 and 2016: Amount of Income (Loss) (in $ thousands) Statement of Operations location Three Months Ended 2017 2016 Interest rate swap contracts Interest expense, net $ 226 $ (16,456 ) Foreign currency contracts Selling, general and administrative 2,058 1,851 $ 2,284 $ (14,605 ) Fair Value Disclosures for All Financial Instruments The carrying amounts of cash and cash equivalents, accounts receivable, other current assets, accounts payable and accrued expenses and other current liabilities approximate fair value due to the short-term maturities of these assets and liabilities. The fair values of the Company’s other financial instruments are as follows: March 31, 2017 December 31, 2016 (in $ thousands) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Asset (liability) Derivative assets Level 2 $ 4,835 $ 4,835 $ 2,575 $ 2,575 Derivative liabilities Level 2 (16,611 ) (16,611 ) (21,771 ) (21,771 ) Total debt Level 2 (2,333,229 ) (2,387,968 ) (2,344,768 ) (2,402,783 ) The significant unobservable inputs used to fair value the Company’s derivative financial instruments are based on market quoted probability rates of default for each of the derivative assets and liabilities, resulting in a weighted average probability of default of approximately 4% and a recovery rate of 75% for derivative assets and 65% for derivative liabilities. In accordance with the Company’s policy, as the credit valuation adjustment applied to arrive at the fair value of derivatives has not been greater than 15% of the unadjusted fair value of derivative instruments for two consecutive quarters, the Company has categorized derivative fair valuations at Level 2 of the fair value hierarchy. A 10% change in the significant unobservable inputs will not have a material impact on the fair value of the derivative financial instruments as of March 31, 2017. The fair value of the Company’s total debt has been determined by calculating the fair value of its term loans based on quoted prices obtained from independent brokers for identical debt instruments when traded as an asset and is categorized within Level 2 of the fair value hierarchy.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11. Commitments and Contingencies Purchase Commitments In the ordinary course of business, the Company makes various commitments to purchase goods and services from specific suppliers, including those related to capital expenditures. As of March 31, 2017, the Company had approximately $93 million of outstanding purchase commitments, primarily relating to service contracts for information technology, of which $37 million relates to the twelve months ending March 31, 2018. These purchase obligations extend through 2019. Contingencies Company Litigation The Company is involved in various claims, legal proceedings and governmental inquiries related to contract disputes, business practices, intellectual property and other commercial, employment and tax matters. The Company believes it has adequately accrued for such matters as appropriate or, for matters not requiring accrual, believes they will not have a material adverse effect on its results of operations, financial position or cash flows based on information currently available. However, litigation is inherently unpredictable and although the Company believes its accruals are adequate and/or that it has valid defenses in these matters, unfavorable resolutions could occur, which could have a material effect on the Company’s results of operations or cash flows in a particular reporting period. Standard Guarantees/Indemnification In the ordinary course of business, the Company enters into numerous agreements that contain standard guarantees and indemnities whereby the Company indemnifies another party for breaches of representations and warranties. In addition, many of these parties are also indemnified against any third-party claim resulting from the transaction that is contemplated in the underlying agreement. Such guarantees or indemnifications are granted under various agreements, including those governing (i) purchases, sales or outsourcing of assets or businesses, (ii) leases of real estate, (iii) licensing of trademarks, (iv) use of derivatives, and (v) issuances or sales of debt or equity securities. The guarantees or indemnifications issued are for the benefit of the (i) buyers in sale agreements and sellers in purchase agreements, (ii) landlords in lease contracts, (iii) licensees of the Company’s trademarks, (iv) financial institutions in derivative contracts, and (v) underwriters in debt or equity security issuances or sales. While some of these guarantees extend only for the duration of the underlying agreement, many survive the expiration of the term of the agreement or extend into perpetuity (unless subject to a legal statute of limitations). There are no specific limitations on the maximum potential amount of future payments the Company could be required to make under these guarantees, nor is the Company able to develop an estimate of the maximum potential amount of future payments to be made under these guarantees, as the triggering events are not subject to predictability and there is little or no history of claims against the Company under such arrangements. With respect to certain of the aforementioned guarantees, such as indemnifications of landlords against third-party claims for the use of real estate property leased by the Company, the Company maintains insurance coverage that mitigates any potential payments to be made.

Equity

Equity	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Equity	12. Equity Dividends on Common Shares The Company’s Board of Directors declared the following cash dividend during the three months ended March 31, 2017: Declaration Date Dividend Per Share Record Date Payment Date Amount (in $ thousands) February 13, 2017 $ 0.075 March 2, 2017 March 16, 2017 $ 9,306 On May 5, 2017, the Company’s Board of Directors declared a cash dividend of  $0.075 per common share (see Note 15—Subsequent Events).

Equity-Based Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity-based compensation	13. Equity-Based Compensation As discussed in Note 2—Recently Issued Accounting Pronouncements, effective January 1, 2017, the Company adopted the provisions of a new guidance on equity-based compensation accounting which simplified its several areas of accounting, including income taxes, forfeitures, minimum statutory withholding requirements and classifications within the statement of cash flows. The adoption of this guidance did not have a material impact on the Company’s consolidated condensed financial statements. The recognition of a $10 million deferred tax asset as of January 1, 2017 related to an unrecognized excess tax benefit was fully offset by a valuation allowance recorded as it is more-likely-than-not that the deferred tax asset will not be realized. Restricted Share Units (“RSUs”) During the three months ended March 31, 2017, as part of its annual grant program, the Company granted 691,502 RSUs. The RSUs vest one-fourth annually over a period of four years, if the employee continues to remain in employment during the vesting period. RSUs accrue dividend equivalents associated with the underlying common shares as dividends are declared by the Company. Dividends will generally be paid to holders of RSUs in cash upon the vesting of the associated RSUs and will be forfeited should the RSUs not vest. The RSUs do not have an exercise price, and the fair value of the RSUs is considered to be the closing market price of the Company’s common shares at the date of grant. In line with the Company’s accounting policy, the compensation costs related to RSUs are expensed on a straight-line basis. The table below presents the activity of the Company’s RSUs for the three months ended March 31, 2017: (in dollars, except number of RSUs) Number Weighted Fair Value Balance as of January 1, 2017 1,395,307 $ 13.84 Granted at fair market value 691,502 $ 12.23 Vested (1) (18,968 ) $ 12.90 Forfeited (29,267 ) $ 13.63 Balance as of March 31, 2017 2,038,574 $ 13.31 (1) During the three months ended March 31, 2017, the Company completed net share settlements of 8,916 common shares in connection with employee taxable income created upon vesting of RSUs. The Company agreed to pay these taxes on behalf of the employees in return for the employees returning an equivalent value of common shares. These common shares were accounted for as treasury shares by the Company. Performance Share Units (“PSUs”) During the three months ended March 31, 2017, as part of its annual grant program, the Company granted 1,593,814 PSUs. The PSUs cliff-vest at the end of approximately three years from the date of the grant, based on the satisfaction of certain performance conditions and continued employment of the employee during the vesting period. The ultimate number of PSUs that will vest will also depend on the Company’s ranking within a group of companies based on achievement of its total shareholder’s return (“TSR”) during the applicable performance period compared to the TSR of the companies within the selected group. However, the total number of PSUs that will ultimately vest will not exceed 200% of the original grant. PSUs accrue dividend equivalents associated with the underlying common shares as dividends are declared by the Company. Dividends will generally be paid to holders of PSUs in cash upon the vesting of the associated PSUs and will be forfeited should the PSUs not vest. The PSUs do not have an exercise price. For PSUs earned based on a market condition, the Company utilizes a Monte Carlo simulation to determine the fair value of these awards at the date of grant, and such fair value is expensed over the vesting period of approximately three-year performance period on a straight-line basis. The table below presents the activity of the Company’s PSUs for the three months ended March 31, 2017: (in dollars, except number of PSUs) ​ ​ Number ​ ​ Weighted Fair Value ​ Balance as of January 1, 2017 ​ ​ ​ ​ 2,641,227 ​ ​ ​ ​ $ 15.52 ​ ​ Granted at fair market value ​ ​ ​ ​ 1,689,700 ​ ​ ​ ​ $ 12.95 ​ ​ Forfeited ​ ​ ​ ​ (174,733 ) ​ ​ ​ ​ $ 13.40 ​ ​ Balance as of March 31, 2017 (1) ​ ​ ​ ​ 4,156,194 ​ ​ ​ ​ $ 14.58 ​ ​ ​ (1) Total estimated awards that will ultimately vest based on the Company’s forecasted performance against the pre-defined targets is expected to be 4,634,612 PSUs. Stock Options The table below presents the activity of the Company’s stock options for the three months ended March 31, 2017: Number of Options Weighted Average Weighted Average Aggregate Balance as of January 1, 2017 2,720,514 $ 13.58 Forfeited (12,836 ) $ 13.65 Balance as of March 31, 2017 2,707,678 $ 13.58 7.66 $ 766 Exercisable as of March 31, 2017 755,986 $ 12.99 4.92 766 Expected to vest as of March 31, 2017 1,951,692 $ 13.81 8.72 — Total equity-based compensation expense recognized in the Company’s consolidated condensed statements of operations for the three months ended March 31, 2017 and 2016 was $8 million and $9 million ($7 million and $8 million after tax), respectively. The total income tax benefit related to equity-based compensation expense was $1 million for each of the three months ended March 31, 2017 and 2016. The Company expects the future equity-based compensation expense in relation to awards recognized for accounting purposes as being granted as of March 31, 2017 will be approximately $71 million.

Income Per Share

Income Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Income Per Share	14. Income Per Share The following table reconciles the numerators and denominators used in the computation of basic and diluted income per share: Three Months Ended March 31, (in $ thousands, except for share data) 2017 2016 Numerator – Basic and Diluted Income per Share: Net income attributable to the Company $ 56,106 $ 16,585 Denominator – Basic Income per Share: Weighted average common shares outstanding 124,081,175 123,718,311 Income per share – Basic $ 0.45 $ 0.13 Denominator – Diluted Income per Share: Number of common shares used for basic income per share 124,081,175 123,718,311 Weighted average effect of dilutive securities RSUs / PSUs 1,342,130 — Stock Options 93,640 60,096 Weighted average common shares outstanding 125,516,945 123,778,407 Income per share – Diluted $ 0.45 $ 0.13 Basic income per share is based on the weighted average number of common shares outstanding during each period. Diluted income per share is based on the weighted average number of common shares outstanding and the effect of all dilutive common share equivalents during each period. For the three months ended March 31, 2017, the Company had 2 million of weighted average common share equivalents, primarily associated with the Company’s stock options, that were excluded from the calculation of diluted income per share as their inclusion would have been antidilutive as the common shares repurchased from the total assumed proceeds applying the treasury stock method exceed the common shares that would have been issued.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	15. Subsequent Events On May 5, 2017, the Company’s Board of Directors declared a cash dividend of  $0.075 per common share for the first quarter of 2017, which is payable on June 15, 2017 to shareholders of record on June 1, 2017.

Summary of Significant Accounti

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation Basis of Presentation Travelport Worldwide Limited (the “Company” or “Travelport”) is a travel commerce platform providing distribution, technology, payment, mobile and other solutions for the global travel and tourism industry. With a presence in approximately 180 countries and territories, Travelport business is comprised of: The Travel Commerce Platform, through which the Company facilitates travel commerce by connecting the world’s leading travel providers, such as airlines and hotel chains, with online and offline travel buyers in the Company’s proprietary business-to-business (“B2B”) travel commerce platform. As travel industry needs evolve, Travelport is utilizing its Travel Commerce Platform to redefine the electronic distribution and merchandising of airline core and ancillary products, as well as extending its reach into the growing world of travel commerce beyond air, including to hotel, car rental, rail, cruise-line and tour operators. In addition, Travelport has leveraged its domain expertise in the travel industry to design a pioneering B2B payment solution that addresses the need of travel agencies to efficiently and securely make payments to travel providers globally. The Company also provides travel companies with a mobile travel platform and digital product set that allows airlines, hotels, corporate travel management companies and travel agencies to engage with their customers through digital services including apps, mobile web and mobile messaging. Travelport utilizes the extensive data managed by its platform to provide an array of additional services, such as advertising solutions, subscription services, business intelligence data services, and marketing-oriented analytical tools to travel agencies, travel providers and other travel data users. Through its Technology Services, Travelport provides critical hosting solutions to airlines, such as pricing, shopping, ticketing, ground handling and other solutions, enabling them to focus on their core business competencies and reduce costs. The Company hosts reservations, inventory management and other related critical systems for Delta Air Lines Inc. The Company has two operating segments, Travelport and eNett; however, the Company reports them together as one reportable segment as eNett does not meet the thresholds for a separate reportable segment. These consolidated condensed financial statements and other consolidated condensed financial information included in this Quarterly Report on Form 10-Q are unaudited, with the exception of the December 31, 2016 consolidated balance sheet, which was derived from audited consolidated financial statements. These consolidated condensed financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the rules and regulations of the Securities and Exchange Commission (the “SEC”) for interim reporting. Certain disclosures normally included in consolidated financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such rules and regulations. In presenting the consolidated condensed financial statements in accordance with U.S. GAAP, management makes estimates and assumptions that affect the amounts reported and related disclosures. Estimates, by their nature, are based on judgments and available information. Accordingly, actual results could differ from those estimates. In management’s opinion, the consolidated condensed financial statements contain all normal recurring adjustments necessary for a fair presentation of interim results reported. The results of operations reported for interim periods are not necessarily indicative of the results of operations for the entire year or any subsequent interim period. These consolidated condensed financial statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 filed with the SEC on February 21, 2017.
Recently Issued Accounting Pronouncements	2. Recently Issued Accounting Pronouncements Pension In March 2017, the Financial Accounting Standards Board (the “FASB”) issued guidance on the presentation of net periodic pension cost and post-retirement benefit cost (“net benefit cost”). The new guidance requires the Company to present the service cost component of net benefit cost as part of the other employee compensation costs in operating income, which can be further considered for capitalization as part of the capitalization policy, and present the other components of net benefit cost, including interest costs, expected return on plan assets and amortization of actuarial gain or loss (the “other components”) separately, in one or more line items, outside of operating income. Further, the new guidance requires a company to disclose in the footnotes to the financial statements the line items that contain the other components of net benefit cost, if they are not presented on appropriately described separate lines in the statement of operations. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017 using a retrospective transition method (except for capitalization of service cost, which has to be applied on a prospective basis). Early adoption of the amendments in the guidance is permitted only in the first quarter of 2017. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Goodwill Impairment In January 2017, the FASB issued guidance to simplify the accounting for goodwill impairment. The guidance removes step two of the goodwill impairment test, which requires a hypothetical purchase price allocation. A goodwill impairment will be the amount by which a reporting unit’s carrying value exceeds its fair value. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2019. Early adoption of the amendments in the guidance is permitted for any impairment tests performed after January 1, 2017 and requires its application using a prospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Restricted Cash In November 2016, the FASB issued guidance that requires entities to include restricted cash as part of cash and cash equivalents in the statement of cash flows. It also requires a reconciliation between the balance sheet and the statement of cash flows. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017. Early adoption of the amendments in the guidance is permitted and requires its application using a retrospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Statement of Cash Flows In August 2016, the FASB issued guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. The amendments provide specific guidance relating to the classification of certain items, including cash payments for debt prepayment or debt extinguishment costs, contingent consideration payments made after a business combination, distributions received from equity method investments and cash flows classification based on its predominate source or use. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2017. Early adoption of the amendments in the guidance is permitted and requires its application using a retrospective transition method. The Company does not anticipate any significant impact on the consolidated condensed financial statements resulting from the adoption of this guidance. Financial Instruments—Credit Losses In June 2016, the FASB issued guidance that amends the guidance on accounting for credit losses on financial instruments. The guidance adds an impairment model that is based on expected losses rather than incurred losses. Under this new guidance, an entity will recognize an allowance for credit losses based on its estimate of expected credit losses, which will result in more timely recognition of such losses. The guidance requires an entity to consider all available relevant information when estimating expected credit losses, including details about past events, current conditions and reasonable and supportable forecasts and their implications for expected credit losses. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2019 and requires its application using a retrospective transition method. The Company is currently evaluating the impact of the amended guidance on the consolidated condensed financial statements. Compensation—Equity-Based Compensation In March 2016, the FASB issued guidance that simplified several areas of employee equity-based compensation accounting, including income taxes, forfeitures, minimum statutory withholding requirements and classifications within the statement of cash flows. More significantly, the new guidance eliminated the need to track tax windfalls in a separate pool within additional paid-in capital; instead, excess tax benefits and tax deficiencies are to be recorded within income tax expense. The new guidance also gives entities the ability to elect whether to estimate forfeitures or account for them as they occur. The Company adopted the provisions of this guidance effective January 1, 2017. Adoption of the requirements within this guidance related to excess tax benefits, forfeitures, minimum statutory withholding requirements and classifications within the statement of cash flows did not have a material impact on the Company’s consolidated condensed financial statements. The recognition of a $10 million deferred tax asset as of January 1, 2017 related to an unrecognized excess tax benefit was fully offset by a valuation allowance recorded as it is more-likely-than-not that the deferred tax asset will not be realized. Leases In February 2016, the FASB issued guidance on lease accounting that supersedes the current guidance on leases. The new guidance establishes a right-of-use (“ROU”) model that requires a lessee to record a ROU asset and a lease liability on the balance sheet for all leases with terms longer than 12 months. Leases will be classified as either finance or operating, with the classification affecting the pattern of expense recognition in the income statement. The new guidance is applicable to the Company for interim and annual reporting periods beginning after December 15, 2018. A modified retrospective transition approach is required for lessees for capital and operating leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. Early adoption of the amendments in the guidance is permitted. The Company is currently evaluating the impact of the guidance on the consolidated condensed financial statements. The Company’s minimum lease commitments for operating leases as of March 31, 2017 was $100 million. Revenue Recognition In May 2014, the FASB issued guidance on revenue from contracts with customers that will supersede most current revenue recognition guidance, including industry-specific guidance. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. Other major provisions include capitalization of certain contract costs, consideration of the time value of money in the transaction price and allowing estimates of variable consideration to be recognized before contingencies are resolved in certain circumstances. The guidance also requires enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB delayed the effective date of the new revenue guidance issued in May 2014 by one year but allowed companies a choice to adopt the guidance as of the original effective date that was set out in May 2014. The Company has decided to adopt the guidance beginning January 1, 2018. The guidance permits the use of either a full or modified retrospective adoption approach. The Company expects to adopt the guidance using the modified retrospective approach, under which the cumulative effect of initially applying the guidance will be recognized as an adjustment to the opening balance of retained earnings (or accumulated losses) as of January 1, 2018. The guidance also permits the application of the modified retrospective approach to either all contracts as of the date of initial application or only to contracts that are not completed as of this date. The Company expects to apply the modified retrospective approach only to contracts that are not completed as of January 1, 2018. The Company is in the process of evaluating its contracts with customers and analyzing the impact of the new guidance on the Company’s revenue contracts, comparing its current accounting policies and practices to the requirements of the new guidance, and identifying potential differences that would result from applying the new guidance to its contracts. The Company is also in the process of identifying and implementing changes to its business processes, systems and controls to support adoption of the new guidance in 2018. As of March 31, 2017, the expected impact on the consolidated condensed financial statements cannot be reasonably estimated.

Other Current Assets (Tables)

Other Current Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Prepaid Expense and Other Assets, Current [Abstract]
Summary of other current assets	(in $ thousands) March 31, 2017 December 31, 2016 Sales and use tax receivables $ 26,216 $ 27,178 Prepaid expenses 25,339 26,289 Client funds 19,265 11,632 Prepaid incentives 13,698 9,492 Derivative assets 2,325 856 Other 12,443 8,642 $ 99,286 $ 84,089

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	3 Months Ended
	Mar. 31, 2017
Property, Plant and Equipment [Abstract]
Summary of property and equipment, net	​ ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ (in $ thousands) ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ ​ Cost ​ ​ Accumulated depreciation ​ ​ Net ​ Capitalized software ​ ​ ​ $ 965,418 ​ ​ ​ ​ $ (756,921 ) ​ ​ ​ ​ $ 208,497 ​ ​ ​ ​ $ 925,998 ​ ​ ​ ​ $ (736,573 ) ​ ​ ​ ​ $ 189,425 ​ ​ Computer equipment ​ ​ ​ ​ 342,479 ​ ​ ​ ​ ​ (207,804 ) ​ ​ ​ ​ ​ 134,675 ​ ​ ​ ​ ​ 344,112 ​ ​ ​ ​ ​ (205,222 ) ​ ​ ​ ​ ​ 138,890 ​ ​ Building and leasehold improvements ​ ​ ​ ​ 26,670 ​ ​ ​ ​ ​ (9,313 ) ​ ​ ​ ​ ​ 17,357 ​ ​ ​ ​ ​ 27,187 ​ ​ ​ ​ ​ (9,622 ) ​ ​ ​ ​ ​ 17,565 ​ ​ Construction in progress ​ ​ ​ ​ 54,110 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 54,110 ​ ​ ​ ​ ​ 85,166 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 85,166 ​ ​ ​ ​ ​ ​ $ 1,388,677 ​ ​ ​ ​ $ (974,038 ) ​ ​ ​ ​ $ 414,639 ​ ​ ​ ​ $ 1,382,463 ​ ​ ​ ​ $ (951,417 ) ​ ​ ​ ​ $ 431,046 ​ ​ ​

Intangible Assets (Tables)

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of changes in the carrying amount of goodwill and intangible assets	(in $ thousands) ​ ​ January 1, 2017 ​ ​ Additions ​ ​ Retirements ​ ​ Foreign Exchange ​ ​ March 31, 2017 ​ Non-Amortizable Assets: ​ ​ ​ ​ ​ ​ Goodwill ​ ​ ​ $ 1,079,951 ​ ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ ​ ​ $ 2,364 ​ ​ ​ ​ $ 1,082,315 ​ ​ Trademarks and tradenames ​ ​ ​ ​ 313,097 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 313,097 ​ ​ Other Intangible Assets: ​ ​ ​ ​ ​ ​ Acquired intangible assets ​ ​ ​ ​ 1,127,059 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (368,715 ) ​ ​ ​ ​ ​ 26 ​ ​ ​ ​ ​ 758,370 ​ ​ Accumulated amortization ​ ​ ​ ​ (804,089 ) ​ ​ ​ ​ ​ (10,392 ) ​ ​ ​ ​ ​ 368,715 ​ ​ ​ ​ ​ (52 ) ​ ​ ​ ​ ​ (445,818 ) ​ ​ Acquired intangible assets, net ​ ​ ​ ​ 322,970 ​ ​ ​ ​ ​ (10,392 ) ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ (26 ) ​ ​ ​ ​ ​ 312,552 ​ ​ Customer loyalty payments ​ ​ ​ ​ 358,259 ​ ​ ​ ​ ​ 28,354 ​ ​ ​ ​ ​ (12,908 ) ​ ​ ​ ​ ​ 2,076 ​ ​ ​ ​ ​ 375,781 ​ ​ Accumulated amortization ​ ​ ​ ​ (169,622 ) ​ ​ ​ ​ ​ (18,795 ) ​ ​ ​ ​ ​ 12,908 ​ ​ ​ ​ ​ (2,074 ) ​ ​ ​ ​ ​ (177,583 ) ​ ​ Customer loyalty payments, net ​ ​ ​ ​ 188,637 ​ ​ ​ ​ ​ 9,559 ​ ​ ​ ​ ​ — ​ ​ ​ ​ ​ 2 ​ ​ ​ ​ ​ 198,198 ​ ​ Other intangible assets, net ​ ​ ​ $ 511,607 ​ ​ ​ ​ $ (833 ) ​ ​ ​ ​ $ — ​ ​ ​ ​ $ (24 ) ​ ​ ​ ​ $ 510,750 ​ ​ ​ (in $ thousands) January 1, 2016 Additions Retirements Foreign Exchange March 31, 2016 Non-Amortizable Assets: Goodwill $ 1,067,415 $ — $ — $ 4,660 $ 1,072,075 Trademarks and tradenames 313,961 — — 52 314,013 Other Intangible Assets: Acquired intangible assets 1,127,360 — — (26 ) 1,127,334 Accumulated amortization (756,489 ) (11,139 ) — (552 ) (768,180 ) Acquired intangible assets, net 370,871 (11,139 ) — (578 ) 359,154 Customer loyalty payments 300,142 32,050 (19,880 ) 4,124 316,436 Accumulated amortization (136,473 ) (16,574 ) 19,154 (1,556 ) (135,449 ) Customer loyalty payments, net 163,669 15,476 (726 ) 2,568 180,987 Other intangible assets, net $ 534,540 $ 4,337 $ (726 ) $ 1,990 $ 540,141

Other Non-Current Assets (Table

Other Non-Current Assets (Tables)	3 Months Ended
	Mar. 31, 2017
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of other non-current assets	(in $ thousands) March 31, 2017 December 31, 2016 Prepaid incentives $ 26,415 $ 25,538 Deferred financing costs 4,313 4,752 Supplier prepayments 3,630 3,454 Derivative assets 2,510 1,719 Pension assets 1,711 989 Other 9,881 10,312 $ 48,460 $ 46,764

Restructuring Charges (Tables)

Restructuring Charges (Tables)	3 Months Ended
	Mar. 31, 2017
Restructuring and Related Activities [Abstract]
Schedule of activities related to the restructuring liability	(in $ thousands) Severance and Obligations Implementation Costs Total Balance as of January 1, 2017 $ 11,082 $ 1,686 $ 12,768 Restructuring charges recognized 2,381 1,037 3,418 Cash payments made (372 ) (2,558 ) (2,930 ) Balance as of March 31, 2017 $ 13,091 $ 165 $ 13,256

Accrued Expenses and Other Cu30

Accrued Expenses and Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2017
Payables and Accruals [Abstract]
Summary of accrued expenses and other current liabilities	(in $ thousands) March 31, 2017 December 31, 2016 Accrued commissions and incentives $ 321,145 $ 267,488 Accrued payroll and related 65,231 83,783 Deferred revenue 44,460 42,233 Income tax payable 25,956 17,560 Customer prepayments 19,265 11,632 Derivative liabilities 15,779 21,771 Accrued interest expense 13,125 15,215 Pension and post-retirement benefit liabilities 1,727 1,655 Other 21,174 17,223 $ 527,862 $ 478,560

Long-Term Debt (Tables)

Long-Term Debt (Tables)	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Summary of long-term debt	(in $ thousands) Interest rate Maturity March 31, 2017 December 31, 2016 Senior Secured Credit Agreement Term loans Dollar denominated (1)(2)(3) L+3.25 % September 2021 $ 2,232,453 $ 2,236,157 Revolver borrowings Dollar denominated L+5.00 % September 2019 — — Capital leases and other indebtedness 100,776 108,611 Total debt $ 2,333,229 $ 2,344,768 Less: current portion 62,441 63,558 Long-term debt $ 2,270,788 $ 2,281,210 (1) Minimum LIBOR floor of 1.00% (2) As of March 31, 2017 and December 31, 2016, the principal amounts of term loans were $2,272 million and $2,278 million, respectively, which is netted for unamortized debt finance costs of  $17 million and $18 million, respectively, and unamortized debt discount of $22 million and $23 million, respectively. (3) Interest rate on the term loans as of December 31, 2016, was LIBOR plus 4.00%

Financial Instruments (Tables)

Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2017
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of gross fair value of derivative contracts	​ ​ ​ ​ ​ ​ Fair Value Asset ​ ​ ​ ​ ​ Fair Value (Liability) ​ (in $ thousands) ​ ​ Balance Sheet Location ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ ​ Balance Sheet Location ​ ​ March 31, 2017 ​ ​ December 31, 2016 ​ Interest ​ ​ Other ​ ​ ​ $ 1,035 ​ ​ ​ ​ $ 768 ​ ​ ​ Accrued expenses ​ ​ ​ $ — ​ ​ ​ ​ $ — ​ ​ Interest ​ ​ Other ​ ​ ​ ​ 2,510 ​ ​ ​ ​ ​ 1,719 ​ ​ ​ Other non-current ​ ​ ​ ​ (832 ) ​ ​ ​ ​ ​ — ​ ​ Foreign currency ​ ​ Other ​ ​ ​ ​ 1,290 ​ ​ ​ ​ ​ 88 ​ ​ ​ Accrued expenses ​ ​ ​ ​ (15,779 ) ​ ​ ​ ​ ​ (21,771 ) ​ ​ Total fair value of ​ ​ ​ ​ ​ ​ $ 4,835 ​ ​ ​ ​ $ 2,575 ​ ​ ​ ​ ​ ​ ​ $ (16,611 ) ​ ​ ​ ​ $ (21,771 ) ​ ​ ​
Schedule of reconciliation of the movement in the net carrying amount of derivative financial instruments	(in $ thousands) Three Months Ended March 31, 2017 Three Months Ended March 31, 2016 Net derivative liability opening balance $ (19,196 ) $ (2,111 ) Total gain (loss) for the period included in net income 2,284 (14,605 ) Payments on settlement of foreign currency derivative contracts 5,136 9,261 Net derivative liability closing balance $ (11,776 ) $ (7,455 )
Schedule of impact of changes in fair values of derivatives	Amount of Income (Loss) (in $ thousands) Statement of Operations location Three Months Ended 2017 2016 Interest rate swap contracts Interest expense, net $ 226 $ (16,456 ) Foreign currency contracts Selling, general and administrative 2,058 1,851 $ 2,284 $ (14,605 )
Schedule of fair values of company's other financial instruments	March 31, 2017 December 31, 2016 (in $ thousands) Fair Value Hierarchy Carrying Amount Fair Value Carrying Amount Fair Value Asset (liability) Derivative assets Level 2 $ 4,835 $ 4,835 $ 2,575 $ 2,575 Derivative liabilities Level 2 (16,611 ) (16,611 ) (21,771 ) (21,771 ) Total debt Level 2 (2,333,229 ) (2,387,968 ) (2,344,768 ) (2,402,783 )

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2017
Equity [Abstract]
Schedule of cash dividend declared	Declaration Date Dividend Per Share Record Date Payment Date Amount (in $ thousands) February 13, 2017 $ 0.075 March 2, 2017 March 16, 2017 $ 9,306

Equity-Based Compensation (Tabl

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of activity of restricted units	(in dollars, except number of RSUs) Number Weighted Fair Value Balance as of January 1, 2017 1,395,307 $ 13.84 Granted at fair market value 691,502 $ 12.23 Vested (1) (18,968 ) $ 12.90 Forfeited (29,267 ) $ 13.63 Balance as of March 31, 2017 2,038,574 $ 13.31 (1) During the three months ended March 31, 2017, the Company completed net share settlements of 8,916 common shares in connection with employee taxable income created upon vesting of RSUs. The Company agreed to pay these taxes on behalf of the employees in return for the employees returning an equivalent value of common shares. These common shares were accounted for as treasury shares by the Company.
Schedule for activity of performance based stock units	(in dollars, except number of PSUs) Number Weighted Fair Value Balance as of January 1, 2017 2,641,227 $ 15.52 Granted at fair market value 1,689,700 $ 12.95 Forfeited (174,733 ) $ 13.40 Balance as of March 31, 2017 (1) 4,156,194 $ 14.58 (1) Total estimated awards that will ultimately vest based on the Company’s forecasted performance against the pre-defined targets is expected to be 4,634,612 PSUs.
Schedule of activity of stock options	Number of Options Weighted Average Weighted Average Aggregate Balance as of January 1, 2017 2,720,514 $ 13.58 Forfeited (12,836 ) $ 13.65 Balance as of March 31, 2017 2,707,678 $ 13.58 7.66 $ 766 Exercisable as of March 31, 2017 755,986 $ 12.99 4.92 766 Expected to vest as of March 31, 2017 1,951,692 $ 13.81 8.72 —

Income Per Share (Tables)

Income Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of numerators and denominators used in the computation of basic and diluted income (loss) per share	Three Months Ended March 31, (in $ thousands, except for share data) 2017 2016 Numerator – Basic and Diluted Income per Share: Net income attributable to the Company $ 56,106 $ 16,585 Denominator – Basic Income per Share: Weighted average common shares outstanding 124,081,175 123,718,311 Income per share – Basic $ 0.45 $ 0.13 Denominator – Diluted Income per Share: Number of common shares used for basic income per share 124,081,175 123,718,311 Weighted average effect of dilutive securities RSUs / PSUs 1,342,130 — Stock Options 93,640 60,096 Weighted average common shares outstanding 125,516,945 123,778,407 Income per share – Diluted $ 0.45 $ 0.13

Basis of Presentation (Detail T

Basis of Presentation (Detail Textuals)	3 Months Ended
	Mar. 31, 2017CountrySegment
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of countries in which company operates | Country	180
Number of operating segments	2
Number of reportable segments	1

Recently Issued Accounting Pr37

Recently Issued Accounting Pronouncements (Detail Textuals) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Accounting Policies [Abstract]
Amount of deferred tax asset, not recognized earlier, recognized with a full valuation allowance on adoption of the new equity-based compensation guidance	$ 10
Minimum lease commitments for operating leases	$ 100

Other Current Assets - Summary

Other Current Assets - Summary of Other Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Prepaid Expense and Other Assets, Current [Abstract]
Sales and use tax receivables	$ 26,216	$ 27,178
Prepaid expenses	25,339	26,289
Client funds	19,265	11,632
Prepaid incentives	13,698	9,492
Derivative assets	2,325	856
Other	12,443	8,642
Other current assets, Total	$ 99,286	$ 84,089

Property and Equipment, Net - S

Property and Equipment, Net - Summary of Property and equipment, Net (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Cost	$ 1,388,677	$ 1,382,463
Accumulated depreciation	(974,038)	(951,417)
Net	414,639	431,046
Capitalized software
Property, Plant and Equipment [Line Items]
Cost	965,418	925,998
Accumulated depreciation	(756,921)	(736,573)
Net	208,497	189,425
Computer equipment
Property, Plant and Equipment [Line Items]
Cost	342,479	344,112
Accumulated depreciation	(207,804)	(205,222)
Net	134,675	138,890
Building and leasehold improvements
Property, Plant and Equipment [Line Items]
Cost	26,670	27,187
Accumulated depreciation	(9,313)	(9,622)
Net	17,357	17,565
Construction in progress
Property, Plant and Equipment [Line Items]
Cost	54,110	85,166
Accumulated depreciation
Net	$ 54,110	$ 85,166

Property and Equipment, Net - (

Property and Equipment, Net - (Detail Textuals) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense (including depreciation on assets under capital leases)	$ 43	$ 41
Capital lease assets	192		$ 195
Capital lease assets, accumulated depreciation	$ 100		$ 93

Intangible Assets - Changes in

Intangible Assets - Changes in the carrying amount of goodwill and intangible assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Goodwill
Goodwill, Beginning Balance	$ 1,079,951	$ 1,067,415
Goodwill, Additions
Goodwill, Retirements
Goodwill, Foreign Exchange	2,364	4,660
Goodwill, Ending Balance	1,082,315	1,072,075
Trademarks and tradenames
Trademarks and tradenames, Beginning Balance	313,097	313,961
Trademarks and tradenames, Additions
Trademarks and tradenames, Retirements
Trademarks and tradenames, Foreign Exchange		52
Trademarks and tradenames, Ending Balance	313,097	314,013
Other Intangible Assets:
Other intangible assets, net, Beginning Balance	511,607	534,540
Other intangible assets, net, Additions	(833)	4,337
Other Intangible Assets, Retirements		(726)
Other intangible assets, net, Foreign Exchange	(24)	1,990
Other intangible assets, net, Ending Balance	510,750	540,141
Acquired intangible assets
Other Intangible Assets:
Total other intangible assets, Beginning Balance	1,127,059	1,127,360
Total other intangible assets, Additions
Total other intangible assets, Retirements	(368,715)
Total other intangible assets, Foreign Exchange	26	(26)
Total other intangible assets, Ending Balance	758,370	1,127,334
Accumulated amortization, Beginning Balance	(804,089)	(756,489)
Accumulated amortization, Additions	(10,392)	(11,139)
Accumulated amortization, Retirements	368,715
Accumulated amortization, Foreign Exchange	(52)	(552)
Accumulated amortization, Ending Balance	(445,818)	(768,180)
Other intangible assets, net, Beginning Balance	322,970	370,871
Other intangible assets, net, Additions	(10,392)	(11,139)
Other Intangible Assets, Retirements
Other intangible assets, net, Foreign Exchange	(26)	(578)
Other intangible assets, net, Ending Balance	312,552	359,154
Customer Loyalty Payments
Other Intangible Assets:
Total other intangible assets, Beginning Balance	358,259	300,142
Total other intangible assets, Additions	28,354	32,050
Total other intangible assets, Retirements	(12,908)	(19,880)
Total other intangible assets, Foreign Exchange	2,076	4,124
Total other intangible assets, Ending Balance	375,781	316,436
Accumulated amortization, Beginning Balance	(169,622)	(136,473)
Accumulated amortization, Additions	(18,795)	(16,574)
Accumulated amortization, Retirements	12,908	19,154
Accumulated amortization, Foreign Exchange	(2,074)	(1,556)
Accumulated amortization, Ending Balance	(177,583)	(135,449)
Other intangible assets, net, Beginning Balance	188,637	163,669
Other intangible assets, net, Additions	9,559	15,476
Other Intangible Assets, Retirements		(726)
Other intangible assets, net, Foreign Exchange	2	2,568
Other intangible assets, net, Ending Balance	$ 198,198	$ 180,987

Intangible Assets - (Detail Tex

Intangible Assets - (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016	Dec. 31, 2016
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Customer loyalty payments in cash	$ 16,755	$ 25,307
Acquired intangible assets
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Amortization expense	10,000	11,000
Customer Loyalty Payments
Schedule Of Goodwill And Other Intangible Assets [Line Items]
Customer loyalty payments in cash	17,000	25,000
Amount payable for customer loyalty payments	70,000		$ 60,000
Amortization expense	$ 19,000	$ 17,000

Other Non-Current Assets (Detai

Other Non-Current Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Prepaid incentives	$ 26,415	$ 25,538
Deferred financing costs	4,313	4,752
Supplier prepayments	3,630	3,454
Derivative assets	2,510	1,719
Pension assets	1,711	989
Other	9,881	10,312
Other non-current assets, Total	$ 48,460	$ 46,764

Restructuring Charges (Details)

Restructuring Charges (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Restructuring Charges
Balance as of January 1, 2017	$ 12,768
Restructuring charges recognized	3,418
Cash payments made	(2,930)
Balance as of March 31, 2017	13,256
Severance and employee-related obligations
Restructuring Charges
Balance as of January 1, 2017	11,082
Restructuring charges recognized	2,381
Cash payments made	(372)
Balance as of March 31, 2017	13,091
Implementation Costs
Restructuring Charges
Balance as of January 1, 2017	1,686
Restructuring charges recognized	1,037
Cash payments made	(2,558)
Balance as of March 31, 2017	$ 165

Restructuring Charges (Detail T

Restructuring Charges (Detail Textuals) $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)
Restructuring Charges
Restructuring charges recognized	$ 3,418
Selling, general and administrative
Restructuring Charges
Restructuring charges recognized	3,000
Severance and employee-related obligations
Restructuring Charges
Restructuring charges recognized	2,381
Severance and employee-related obligations | Maximum
Restructuring Charges
Expected total charges under the Program	16,000
Severance and employee-related obligations | Minimum
Restructuring Charges
Expected total charges under the Program	14,000
Implementation Costs
Restructuring Charges
Restructuring charges recognized	1,037
Implementation Costs | Maximum
Restructuring Charges
Expected total charges under the Program	15,000
Implementation Costs | Minimum
Restructuring Charges
Expected total charges under the Program	13,000
Implementation Costs - Operating lease and other contracts
Restructuring Charges
Expected total charges under the Program	$ 1,000

Accrued Expenses and Other Cu46

Accrued Expenses and Other Current Liabilities - Summary of Accrued expenses and other current liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued commissions and incentives	$ 321,145	$ 267,488
Accrued payroll and related	65,231	83,783
Deferred revenue	44,460	42,233
Income tax payable	25,956	17,560
Customer prepayments	19,265	11,632
Derivative liabilities	15,779	21,771
Accrued interest expense	13,125	15,215
Pension and post-retirement benefit liabilities	1,727	1,655
Other	21,174	17,223
Accrued expenses and other current liabilities	$ 527,862	$ 478,560

Accrued Expenses and Other Cu47

Accrued Expenses and Other Current Liabilities - (Detail Textuals) - USD ($) $ in Millions	Mar. 31, 2017	Dec. 31, 2016
Accrued commissions and incentives
Accrued Expenses And Other Current Liabilities [Line Items]
Accrued customer loyalty payments	$ 70	$ 60

Long-Term Debt - Summary of Lon

Long-Term Debt - Summary of Long-term debt (Details) - USD ($) $ in Thousands		3 Months Ended		12 Months Ended
		Mar. 31, 2017		Dec. 31, 2016
Debt Instrument [Line Items]
Capital leases and other indebtedness		$ 100,776		$ 108,611
Total debt		2,333,229		2,344,768
Less: current portion		62,441		63,558
Long-term debt		$ 2,270,788		$ 2,281,210
Senior Secured Credit Agreement | Term loans | Dollar denominated
Debt Instrument [Line Items]
Variable interest rate percentage	[1],[2],[3]	3.25%
Interest rate description on variable rate		L+3.25%	[1],[2],[3]	LIBOR plus 4.00%
Maturity		Sep. 30, 2021	[1],[2],[3]	Sep. 30, 2021
Long-term debt	[1],[2],[3]	$ 2,232,453		$ 2,236,157
Senior Secured Credit Agreement | Revolver borrowings | Dollar denominated
Debt Instrument [Line Items]
Variable interest rate percentage		5.00%
Interest rate description on variable rate		L+5.00%
Maturity		Sep. 30, 2019
Long-term debt
[1]	As of March 31, 2017 and December 31, 2016, the principal amounts of term loans were $2,272 million and $2,278 million, respectively, which is netted for unamortized debt finance costs of $17 million and $18 million, respectively, and unamortized debt discount of $22 million and $23 million, respectively.
[2]	Interest rate on the term loans as of December 31, 2016, was LIBOR plus 4.00%
[3]	Minimum LIBOR floor of 1.00%

Long-Term Debt - Summary of L49

Long-Term Debt - Summary of Long-term debt (Parentheticals) (Details) - Term loans - Senior Secured Credit Agreement - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2017		Dec. 31, 2016
Debt Instrument [Line Items]
Average LIBOR rate	1.02%
Dollar denominated
Debt Instrument [Line Items]
LIBOR floor rate	1.00%
Principal amount of term loans	$ 2,272		$ 2,278
Unamortized debt finance costs	17		18
Unamortized debt discount	$ 22		$ 23
Interest rate description on variable rate	L+3.25%	[1],[2],[3]	LIBOR plus 4.00%
[1]	As of March 31, 2017 and December 31, 2016, the principal amounts of term loans were $2,272 million and $2,278 million, respectively, which is netted for unamortized debt finance costs of $17 million and $18 million, respectively, and unamortized debt discount of $22 million and $23 million, respectively.
[2]	Interest rate on the term loans as of December 31, 2016, was LIBOR plus 4.00%
[3]	Minimum LIBOR floor of 1.00%

Long-Term Debt - (Detail Textua

Long-Term Debt - (Detail Textuals) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Jan. 31, 2017	Mar. 31, 2017	Mar. 31, 2016
Debt Instrument [Line Items]
Capital lease obligations incurred		$ 1,651	$ 6,779
Senior Secured Credit Agreement | LIBOR
Debt Instrument [Line Items]
Variable interest rate	3.25%
Senior Secured Credit Agreement | Base Rate
Debt Instrument [Line Items]
Variable interest rate	2.25%
Senior Secured Credit Agreement | Revolving credit facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity		$ 125,000
Terms of cash collateral		The senior secured credit agreement also permits the issuance of certain cash collateralized letters of credit in addition to those that can be issued under the revolving credit facility, whereby 103% of cash collateral is to be maintained for outstanding letters of credit. As of March 31, 2017, there were no outstanding cash collateralized letters of credit.
Cash collateral percent of letter of credit		103.00%
Utilized letter of credit facility		$ 8,000
Remaining capacity under revolving credit facility		117,000
Senior Secured Credit Agreement | Sublimit Letter of credit
Debt Instrument [Line Items]
Remaining capacity under revolving credit facility		$ 50,000
Senior Secured Credit Agreement | Term loans
Debt Instrument [Line Items]
Period for repricing of term loan	6 months
Average LIBOR rate		1.02%
Percentage of premium on repricing of term loan to lenders	1.00%
Repayments of term loan		$ 6,000
Amortization of debt finance cost		2,000
Debt discount amortized		1,000
Repayment of capital lease and other indebtedness		10,000
Capital lease obligations incurred		$ 2,000
Senior Secured Credit Agreement | Term loans | LIBOR
Debt Instrument [Line Items]
Variable interest rate	3.25%
LIBOR floor rate	1.00%
Senior Secured Credit Agreement | Term loans | Base Rate
Debt Instrument [Line Items]
Variable interest rate	2.25%
Base floor rate	2.00%

Financial Instruments - Summary

Financial Instruments - Summary of fair value of company's derivative contracts (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Derivatives, Fair Value [Line Items]
Fair Value Asset	$ 2,325	$ 856
Fair Value (Liability)	(15,779)	(21,771)
Derivatives not designated as hedging instruments
Derivatives, Fair Value [Line Items]
Fair Value Asset	4,835	2,575
Fair Value (Liability)	(16,611)	(21,771)
Derivatives not designated as hedging instruments | Interest rate swap contracts | Other current assets
Derivatives, Fair Value [Line Items]
Fair Value Asset	1,035	768
Derivatives not designated as hedging instruments | Interest rate swap contracts | Other non-current assets
Derivatives, Fair Value [Line Items]
Fair Value Asset	2,510	1,719
Derivatives not designated as hedging instruments | Interest rate swap contracts | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Fair Value (Liability)
Derivatives not designated as hedging instruments | Interest rate swap contracts | Other non-current liabilities
Derivatives, Fair Value [Line Items]
Fair Value (Liability)	(832)
Derivatives not designated as hedging instruments | Foreign currency contracts | Other current assets
Derivatives, Fair Value [Line Items]
Fair Value Asset	1,290	88
Derivatives not designated as hedging instruments | Foreign currency contracts | Accrued expenses and other current liabilities
Derivatives, Fair Value [Line Items]
Fair Value (Liability)	$ (15,779)	$ (21,771)

Financial Instruments - Summa52

Financial Instruments - Summary of reconciliation of net carrying amount of derivative financial instruments (Details 1) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivative Fair Value Of Derivative Net [Roll Forward]
Net derivative liability opening balance	$ (19,196)	$ (2,111)
Total gain (loss) for the period included in net income	2,284	(14,605)
Payments on settlement of foreign currency derivative contracts	5,136	9,261
Net derivative liability closing balance	$ (11,776)	$ (7,455)

Financial Instruments - Impact

Financial Instruments - Impact of changes in fair values of derivatives (Details 2) - Derivatives not designated as hedging instruments - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Derivatives, Fair Value [Line Items]
Amount of Income (Loss) Recorded in Net Income	$ 2,284	$ (14,605)
Interest rate swap contracts | Interest expense, net
Derivatives, Fair Value [Line Items]
Amount of Income (Loss) Recorded in Net Income	226	(16,456)
Foreign currency contracts | Selling, general and administrative
Derivatives, Fair Value [Line Items]
Amount of Income (Loss) Recorded in Net Income	$ 2,058	$ 1,851

Financial Instruments - Fair va

Financial Instruments - Fair values of company's other financial instruments (Details 3) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Fair Value Of Financial Instruments [Line Items]
Derivative assets	$ 2,325	$ 856
Derivative liabilities	(15,779)	(21,771)
Total debt, Carrying Amount	(2,333,229)	(2,344,768)
Carrying Amount | Level 2
Fair Value Of Financial Instruments [Line Items]
Derivative assets	4,835	2,575
Derivative liabilities	(16,611)	(21,771)
Total debt, Carrying Amount	(2,333,229)	(2,344,768)
Fair Value | Level 2
Fair Value Of Financial Instruments [Line Items]
Derivative assets	4,835	2,575
Derivative liabilities	(16,611)	(21,771)
Total debt, Fair value	$ (2,387,968)	$ (2,402,783)

Financial Instruments - (Detail

Financial Instruments - (Detail Textuals) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Derivatives, Fair Value [Line Items]
Net liability position related to derivative financial instruments	$ 12
Floor rate for LIBOR	1.00%
Term loan, variable basis rate description	LIBOR floor
Percentage of floating rate debt payable on contracted LIBOR rates	60.00%
Probability of default percentage	4.00%
Credit default recovery rate percentage for derivative assets	75.00%
Credit default recovery rate percentage for derivative liabilities	65.00%
Credit risk fair value adjustments	15.00%
Change in unobservable inputs percentage	10.00%
Foreign currency forward contracts
Derivatives, Fair Value [Line Items]
Derivative contracts, notional amounts	$ 292
Interest rate swap contracts | Period covering from February 2017 to February 2019
Derivatives, Fair Value [Line Items]
Derivative contracts, notional amounts	$ 1,400
Average LIBOR rate payable	1.401%
Interest rate swap contracts | Period covering from February 2019 to February 2020
Derivatives, Fair Value [Line Items]
Derivative contracts, notional amounts	$ 1,200
Average LIBOR rate payable	2.1906%

Commitments and Contingencies -

Commitments and Contingencies - (Detail Textuals) $ in Millions	3 Months Ended
	Mar. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
Outstanding purchase commitments	$ 93
Future purchase obligation	$ 37
Purchase obligations maturity period	2,019

Equity - Summary of declared ca

Equity - Summary of declared cash dividends (Details) - Common Stock $ / shares in Units, $ in Thousands	1 Months Ended
	Feb. 13, 2017USD ($)$ / shares
Dividends Payable [Line Items]
Dividend declared (in dollars per share) | $ / shares	$ 0.075
Declaration Date	Feb. 13, 2017
Record Date	Mar. 2, 2017
Payment Date	Mar. 16, 2017
Amount | $	$ 9,306

Equity (Detail Textuals)

Equity (Detail Textuals) - $ / shares	May 05, 2017	Mar. 31, 2017	Mar. 31, 2016
Equity Note [Line Items]
Dividend declared (in dollars per share)		$ 0.075	$ 0.075
Subsequent Event
Equity Note [Line Items]
Dividend declared (in dollars per share)	$ 0.075
Dividend declared date	May 5, 2017

Equity-Based Compensation - Sum

Equity-Based Compensation - Summary of restricted units (Details) - Restricted Units	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Restricted Units, Number
Balance as of January 1, 2017 | shares	1,395,307
Granted at fair market value | shares	691,502
Vested | shares	(18,968)	[1]
Forfeited | shares	(29,267)
Balance as of March 31, 2017 | shares	2,038,574
Restricted Units, Weighted Average Grant Date Fair Value
Balance as of January 1, 2017 | $ / shares	$ 13.84
Granted at fair market value | $ / shares	12.23
Vested | $ / shares	12.90	[1]
Forfeited | $ / shares	13.63
Balance as of March 31, 2017 | $ / shares	$ 13.31
[1]	During the three months ended March 31, 2017, the Company completed net share settlements of 8,916 common shares in connection with employee taxable income created upon vesting of RSUs. The Company agreed to pay these taxes on behalf of the employees in return for the employees returning an equivalent value of common shares. These common shares were accounted for as treasury shares by the Company.

Equity-Based Compensation - S60

Equity-Based Compensation - Summary of activity of PSUs (Details 1) - PSU's	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Number of PSUs
Balance as of January 1, 2017 | shares	2,641,227
Granted at fair market value | shares	1,689,700
Forfeited | shares	(174,733)
Balance as of March 31, 2017 | shares	4,156,194	[1]
Weighted Average Grant Date Fair Value
Balance as of January 1, 2017 | $ / shares	$ 15.52
Granted at fair market value | $ / shares	12.95
Forfeited | $ / shares	13.40
Balance as of March 31, 2017 | $ / shares	$ 14.58	[1]
[1]	Total estimated awards that will ultimately vest based on the Company's forecasted performance against the pre-defined targets is expected to be 4,634,612 PSUs.

Equity-Based Compensation (Deta

Equity-Based Compensation (Details 2) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Number of Options
Balance as of January 1, 2017 | shares	2,720,514
Forfeited (in shares) | shares	(12,836)
Balance as of March 31, 2017 | shares	2,707,678
Exercisable as of March 31, 2017 | shares	755,986
Expected to vest as of March 31, 2017 | shares	1,951,692
Weighted Average Exercise Price
Balance as of January 1, 2017 | $ / shares	$ 13.58
Forfeited | $ / shares	13.65
Balance as of March 31, 2017 | $ / shares	13.58
Exercisable as of March 31, 2017 | $ / shares	12.99
Expected to vest as of March 31, 2017 | $ / shares	$ 13.81
Weighted Average Remaining Contractual Terms
Weighted average remaining contractual terms	7 years 7 months 28 days
Exercisable	4 years 11 months 1 day
Expected to vest	8 years 8 months 19 days
Aggregate Intrinsic Value
Balance | $	$ 766
Exercisable | $	766
Expected to vest | $

Equity-Based Compensation - (De

Equity-Based Compensation - (Detail Textuals) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Equity-based compensation	$ 8,006	$ 9,117
Amount of deferred tax asset, not recognized earlier, recognized with a full valuation allowance on adoption of the new equity-based compensation guidance	10,000
Future equity-based compensation expense on fair value of restricted Units, performance share units and stock options	71,000
Income tax benefit related to equity-based compensation expense	1,000	1,000
Equity-based compensation expense, net of tax	$ 7,000	$ 8,000
Restricted share units ("RSUs")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted at fair market value	691,502
Restricted Units, net share settlement	8,916
Performance-based restricted share units ("PSUs")
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted at fair market value	1,593,814
Number of total estimated PSU's that will ultimately vest	4,634,612
Performance-based restricted share units ("PSUs") | Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum percentage for vesting of PSUs	200.00%

Income Per Share - Summary of r

Income Per Share - Summary of reconciliation of numerators and denominators used in the computation of basic and diluted income per share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Numerator - Basic and Diluted Income per Share:
Net income attributable to the Company	$ 56,106	$ 16,585
Denominator - Basic Income per Share:
Weighted average common shares outstanding	124,081,175	123,718,311
Income per share - Basic (in dollars per share)	$ 0.45	$ 0.13
Denominator - Diluted Income per Share:
Number of common shares used for basic income per share	124,081,175	123,718,311
Weighted average effect of dilutive securities
RSUs / PSUs	1,342,130
Stock Options	93,640	60,096
Weighted average common shares outstanding	125,516,945	123,778,407
Income per share - Diluted (in dollars per share)	$ 0.45	$ 0.13

Income Per Share - (Detail Text

Income Per Share - (Detail Textuals) shares in Millions	3 Months Ended
	Mar. 31, 2017shares
Stock Options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Common share equivalents excluded from the calculation of diluted income per share	2

Subsequent Events - (Detail Tex

Subsequent Events - (Detail Textuals) - $ / shares	May 05, 2017	Mar. 31, 2017	Mar. 31, 2016
Subsequent Event [Line Items]
Cash dividends declared per common share (in dollars per share)		$ 0.075	$ 0.075
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per common share (in dollars per share)	$ 0.075
Dividend declared date	May 5, 2017
Dividend payable date	Jun. 15, 2017
Dividend payable record date	Jun. 1, 2017