EVERTEC (EVTC) 10-Q 3 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Oct. 28, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
Trading Symbol	EVTC
Entity Registrant Name	EVERTEC, Inc.
Entity Central Index Key	1,559,865
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		73,256,772

Consolidated Condensed Balance

Consolidated Condensed Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current Assets:
Cash	$ 44,985	$ 28,747
Restricted cash	8,281	11,818
Accounts receivable, net	67,453	73,715
Deferred tax asset		1,685
Prepaid expenses and other assets	22,625	18,758
Total current assets	143,344	134,723
Investment in equity investee	12,247	12,264
Property and equipment, net	37,697	34,128
Goodwill	371,385	368,133
Other intangible assets, net	297,870	312,059
Long-term deferred tax asset	615
Other long-term assets	3,883	2,347
Total assets	867,041	863,654
Current Liabilities:
Accrued liabilities	37,447	37,308
Accounts payable	27,169	21,216
Unearned income	6,404	2,877
Income tax payable	2,851	1,350
Current portion of long-term debt	28,375	22,750
Short-term borrowings	16,000	17,000
Total current liabilities	118,246	102,501
Long-term debt	597,155	619,297
Long-term deferred tax liability	16,648	20,614
Unearned income - long term	13,952	10,939
Other long-term liabilities	15,393	12,089
Total liabilities	761,394	765,440
Commitments and contingencies (Note 12)
Stockholders' equity
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued
Common stock, par value $0.01; 206,000,000 shares authorized; 73,256,772 shares issued and outstanding at September 30, 2016 (December 31, 2015 - 74,988,210)	732	750
Additional paid-in capital		9,718
Accumulated earnings	116,123	95,328
Accumulated other comprehensive loss, net of tax	(14,666)	(7,582)
Total EVERTEC, Inc stockholders' equity	102,189	98,214
Non-controlling interest	3,458
Total equity	105,647	98,214
Total liabilities and equity	$ 867,041	$ 863,654

Consolidated Condensed Balance3

Consolidated Condensed Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Preferred stock par value	$ 0.01	$ 0.01
Preferred stock authorized	2,000,000	2,000,000
Preferred stock issued	0	0
Common stock par value	$ 0.01	$ 0.01
Common stock authorized	206,000,000	206,000,000
Common stock issued	73,256,772	74,988,210
Common stock outstanding	73,256,772	74,988,210

Consolidated Condensed Statemen

Consolidated Condensed Statements of Income and Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Revenues
Merchant acquiring, net	$ 21,970	$ 68,137
Payment processing (from affiliates: $7,913, $7,664, $23,718 and $22,680)	27,584	82,716
Business solutions (from affiliates: $35,109, $34,440, $106,068 and $103,795)	44,913	136,765
Total revenues	94,467	287,618
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	41,753	127,127
Selling, general and administrative expenses	10,818	34,226
Depreciation and amortization	14,889	44,500
Total operating costs and expenses	67,460	205,853
Income from operations	27,007	81,765
Non-operating income (expenses)
Interest income	87	266
Interest expense	(6,276)	(18,292)
Earnings (losses) of equity method investment	43	(58)
Other income	489	1,747
Total non-operating expenses	(5,657)	(16,337)
Income before income taxes	21,350	65,428
Income tax expense (benefit)	1,639	6,316
Net income	19,711	59,112
Less: Net income attributable to non-controlling interest	31	49
Net income attributable to EVERTEC, Inc.'s common stockholders'	19,680	59,063
Other comprehensive (loss) income, net of tax of $(6), $3, $439 and $37 Foreign currency translation adjustments	(1,041)	(2,620)
Gain (loss) on cash flow hedge	83	(4,464)
Total comprehensive income attributable to EVERTEC, Inc.'s common stockholders	$ 18,722	$ 51,979
Net income per common share - basic attributable to EVERTEC, Inc.'s common stockholders	$ 0.27	$ 0.79
Net income per common share - diluted attributable to EVERTEC, Inc.'s common stockholders	0.26	0.79
Cash dividends declared per share	$ 0.10	$ 0.30

Consolidated Condensed Stateme5

Consolidated Condensed Statements of Income and Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Statement [Abstract]
Payment processing revenue from affiliates	$ 7,913	$ 7,664	$ 23,718	$ 22,680
Business solutions revenue from affiliates	35,109	34,440	106,068	103,795
Other comprehensive income, income tax expense	$ (6)	$ 3	$ 439	$ 37

Consolidated Condensed Stateme6

Consolidated Condensed Statement of Changes in Stockholders' Equity (Unaudited) - 9 months ended Sep. 30, 2016 - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Earnings [Member]	Accumulated Other Comprehensive (Loss) Income [Member]	Noncontrolling Interest [Member]
Beginning Balance, Value at Dec. 31, 2015	$ 98,214	$ 750	$ 9,718	$ 95,328	$ (7,582)
Beginning Balance, Shares at Dec. 31, 2015	74,988,210	74,988,210
Share-based compensation recognized	$ 4,569		4,569
Repurchase of common stock	(29,696)	$ (19)	(13,781)	(15,896)
Repurchase of common stock, Shares		(1,878,664)
Restricted stock units delivered, net of cashless	(444)	$ 1	(445)
Restricted stock units delivered, net of cashless , shares		138,833
Stock options exercised, net of cashless	(79)		(79)
Stock options exercised, net of cashless, Shares		8,393
Net income	59,112			59,063		$ 49
Cash dividends declared on common stock	(22,372)			(22,372)
Non-controlling interest on acquisition	3,409					3,409
Dividend reversal for forfeited options	18		$ 18
Other comprehensive loss	(2,620)				(7,084)
Ending Balance, Value at Sep. 30, 2016	$ 105,647	$ 732		$ 116,123	$ (14,666)	$ 3,458
Ending Balance, Shares at Sep. 30, 2016	73,256,772	73,256,772

Consolidated Condensed Stateme7

Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flows from operating activities
Net income	$ 59,112	$ 63,448
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	44,500	49,767
Amortization of debt issue costs and accretion of discount	2,965	2,488
Provision for doubtful accounts and sundry losses	1,525	1,302
Deferred tax benefit	(2,458)	(2,166)
Share-based compensation	4,569	3,748
Unrealized gain on indemnification assets		(14)
Loss on disposition of property and equipment and other intangibles	112	124
Losses (earnings) of equity method investment	58	(196)
Decrease (increase) in assets:
Accounts receivable, net	7,358	3,745
Prepaid expenses and other assets	(3,623)	2,630
Other long-term assets	(1,163)	199
(Decrease) increase in liabilities:
Accounts payable and accrued liabilities	3,686	8,982
Income tax payable	1,501	(1,894)
Unearned income	6,541	1,364
Other long-term liabilities	(82)	(9,203)
Total adjustments	65,489	60,876
Net cash provided by operating activities	124,601	124,324
Cash flows from investing activities
Net decrease (increase) in restricted cash	3,536	(7,828)
Additions to software	(17,469)	(13,462)
Acquisitions, net of cash acquired	(5,947)
Property and equipment acquired	(14,016)	(15,643)
Proceeds from sales of property and equipment	44	14
Net cash used in investing activities	(33,852)	(36,919)
Cash flows from financing activities
Statutory minimum withholding taxes paid on share-based compensation	(522)	(31)
Net decrease in short-term borrowings	(1,000)	(5,000)
Repayment of short-term borrowing for purchase of equipment and software	(1,209)	(1,542)
Dividends paid	(22,372)	(23,322)
Credit amendment fees	(3,587)
Repurchase of common stock	(29,696)	(34,973)
Repayment of long-term debt	(16,125)	(14,250)
Net cash used in financing activities	(74,511)	(79,118)
Net increase in cash	16,238	8,287
Cash at beginning of the period	28,747	32,114
Cash at end of the period	44,985	40,401
Supplemental disclosure of cash flow information:
Cash paid for interest	12,014	16,838
Cash paid for income taxes	4,855	4,600
Supplemental disclosure of non-cash activities:
Foreign currency translation adjustments	(2,620)	473
Payable due to vendor related to software acquired	$ 2,800	$ 1,125

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
The Company and Basis of Presentation	Note 1 – The Company and Basis of Presentation The Company EVERTEC, Inc. (formerly known as Carib Latam Holdings, Inc.) and its subsidiaries (collectively the “Company,” or “EVERTEC”) is a leading full-service transaction processing business in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 18 countries in the region. EVERTEC owns and operates the ATH network, one of the leading automated teller machine (“ATM”) and personal identification number (“PIN”) debit networks in Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing, cash processing and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely. Basis of Presentation The unaudited consolidated condensed financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the accompanying unaudited consolidated condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited consolidated condensed financial statements. Actual results could differ from these estimates. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted from these statements pursuant to the rules and regulations of the SEC and, accordingly, these consolidated condensed financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Company for the year ended December 31, 2015, included in the Company’s 2015 Form 10-K. In the opinion of management, the accompanying consolidated condensed financial statements, prepared in accordance with GAAP, contain all adjustments necessary for a fair presentation. All significant intercompany accounts and transactions have been eliminated in consolidation.

Restatement of Previously Issue

Restatement of Previously Issued Financial Information	9 Months Ended
	Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Restatement of Previously Issued Financial Information	Note 2 – Restatement of Previously Issued Financial Information This Note 2 to the unaudited consolidated condensed financial statements discloses the nature of the restatement matters and adjustments and shows the impact of the restatement for the quarter and nine month period ended September 30, 2015, which is referred to as the Restatement. The Restatement corrects material errors involved with the accounting for tax positions taken in the 2010 tax year. The Restatement corrects an error in the recognition of a deferred tax asset originating from 2010 tax deductions and the corresponding net operating loss for transaction costs that were based on an uncertain tax position and corrects an error related to the accounting for 2010 debt issuance cost tax deductions based on an uncertain tax position that affected book tax temporary differences and differences in the applicable tax rates over the affected period. These differences impacted deferred tax liability calculations over the affected period. The Restatement also establishes a liability for potential tax liabilities including penalties and interest related to these uncertain tax positions. In the third quarter of 2015, the liability for exposure to potential tax, interest and penalties with respect to the referenced 2010 debt issuance cost deductions was reversed in full as the related statute of limitations expired in such period. This tax liability reversal triggered recognition of a tax benefit of $11.8 million in the third quarter of 2015. The Restatement also corrects other miscellaneous insignificant accounting errors. These errors, individually and in the aggregate, would not have required a restatement. Restatement Background - Restatement adjustments needed to correct errors in accounting for 2010 uncertain tax positions During the preparation of the consolidated financial statements for the year ended December 31, 2015, Management became aware of a potential misapplication of Accounting Standards Codification Topic 740—Income Taxes ASC 740 As part of its restatement preparation and diligence, Management reviewed the accounting for tax positions taken with respect to the amount and timing of tax deductions for 2010 debt issuance costs. Those costs were deducted entirely in 2010. Upon review, Management concluded that the immediate deduction of these costs represented an uncertain tax position. As the deduction was not accounted for as an uncertain tax position, Management concluded there was an error that required correction. In order to correct this error, Management determined the portion of the debt issuance costs that were more likely than not of being allowed as a deduction in 2010 and calculated the resulting liability for unrecognized tax benefits as of December 31, 2010 and subsequent periods. A liability was established for potential tax liabilities including penalties and interest related to the uncertain tax position over the period of exposure. In the third quarter of 2015, the liability for exposure to potential tax, interest and penalties with respect to the 2010 debt issuance cost deduction was reversed in full as the related statute of limitations expired in such period. This tax liability reversal triggered recognition of a tax benefit of $11.8 million in the third quarter of 2015. The Restatement reflects the accounting for the referenced 2010 tax deductions as uncertain tax positions following ASC 740 and its impact on the affected years through 2014. Other insignificant corrective adjustments In addition to the above Restatement adjustments, Management elected to correct previously uncorrected misstatements included within Management’s Staff Accounting Bulletin No. 99 (“SAB 99”) analysis wherein individual insignificant adjustments are tracked, aggregated and measured for purposes of determining whether in the aggregate such errors are material for the years ended December 31, 2014 and 2013 and for adjustments that affect the beginning balance as of January 1, 2013. A brief summary of the restatement adjustments and the referenced SAB 99 corrective adjustments and other insignificant miscellaneous adjustments is described below and reflected and quantified, as applicable, in the table below. The adjustments are cross-referenced to the table below. Restatement Adjustments (a) Accounting for uncertain tax positions related to 2010 tax deductions Other insignificant corrective adjustments 1. Revenue recognition 2. Cost of revenues and intangible assets 3. Cost of revenues and deferred costs 4. Compensation expense 5. Selling, general and administrative expenses and Cost of revenues The table below summarizes the effects of the Restatement adjustments and reclassifications on the unaudited consolidated condensed statement of income for the quarter and nine month period ended September 30, 2015: Three month period ended September 30, 2015 (Dollar amounts in thousands) As previously reported Restatement Adjustment Other insignificant As restated Reference Revenues Merchant Acquiring, net $ 20,784 $ — $ — $ 20,784 Payment Processing 27,502 — — 27,502 Business Solutions 44,492 — 163 44,655 1 Total revenues 92,778 — 163 92,941 Operating costs and expenses Cost of revenues, exclusive of depreciation and amortization shown below 44,821 — (680 ) 44,141 3, 4, 5 Selling, general and administrative expenses 10,428 — (36 ) 10,392 5 Depreciation and amortization 16,934 — — 16,934 Total operating costs and expenses 72,183 — (716 ) 71,467 Income from operations 20,595 — 879 21,474 Non-operating income (expenses) Interest income 140 — — 140 Interest expense (6,003 ) — — (6,003 ) Losses of equity method investment (3 ) — — (3 ) Other income 381 — — 381 Total non-operating expenses (5,485 ) — — (5,485 ) Income before income taxes 15,110 — 879 15,989 Income tax expense (benefit) 1,687 (11,034 ) — (9,347 ) a Net income 13,423 11,034 879 25,336 Other comprehensive income, net of tax Foreign currency translation adjustments 84 — — 84 Total comprehensive income $ 13,507 $ 11,034 $ 879 $ 25,420 Net income per common share - basic $ 0.17 $ 0.15 $ 0.01 $ 0.33 Net income per common share - diluted $ 0.17 $ 0.15 $ 0.01 $ 0.33 Nine month period ended September 30, 2015 (Dollar amounts in thousands) As previously reported Restatement Adjustment Other insignificant As restated Reference Revenues Merchant Acquiring, net $ 62,041 $ — $ — $ 62,041 Payment Processing 80,638 — — 80,638 Business Solutions 134,672 — 493 135,165 1 Total revenues 277,351 — 493 277,844 Operating costs and expenses Cost of revenues, exclusive of depreciation and amortization shown below 125,280 — (185 ) 125,095 2, 3, 4, 5 Selling, general and administrative expenses 27,079 — (36 ) 27,043 5 Depreciation and amortization 49,767 — — 49,767 Total operating costs and expenses 202,126 — (221 ) 201,905 Income from operations 75,225 — 714 75,939 Non-operating income (expenses) Interest income 371 — — 371 Interest expense (18,414 ) — — (18,414 ) Earnings of equity method investment 196 — — 196 Other income 1,430 — — 1,430 Total non-operating expenses (16,417 ) — — (16,417 ) Income before income taxes 58,808 — 714 59,522 Income tax expense 6,053 (9,979 ) — (3,926 ) a Net income 52,755 9,979 714 63,448 Other comprehensive income, net of tax Foreign currency translation adjustments 473 — — 473 Total comprehensive income $ 53,228 $ 9,979 $ 714 $ 63,921 Net income per common share - basic $ 0.68 $ 0.13 $ 0.01 $ 0.82 Net income per common share - diluted $ 0.68 $ 0.13 $ 0.01 $ 0.82 The Restatement adjustments affecting the unaudited consolidated condensed statement of cash flows for the nine month period ended September 30, 2015 are insignificant and predominantly included in the Company’s net income from operations, offset by non-cash adjustments to net income and changes in operating assets and liabilities. The non-cash adjustments include adjustments to deferred taxes and the other corrective adjustments described in the table above and in Note 1 to the Audited Consolidated Financial Statements included in the 2015 Form 10-K. There were no significant adjustments related to cash used in investing and financing activities.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Note 3 – Recent Accounting Pronouncements Recent Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In August 2016, the FASB issued updated guidance for the classification of certain cash receipts and cash payments on the statement of cash flows. The amendments in this update provide specific guidance for the classification of eight issues: debt prepayment or extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of an insurance claim; proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and applications of the predominance principle. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any. In October 2016, the FASB issued updated guidance for tax treatment of intra-entity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The Board decided that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments in this Update eliminate the exception for an intra-entity transfer of an asset other than inventory. The amendments in this Update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this Update should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. In October 2016, the FASB issued updated guidance for the consolidation of variable interest entities (“VIEs”) for which interests are held through related parties that are under common control. The amendments in this Update affect reporting entities that are required to evaluate whether they should consolidate a VIE within the Variable Interest Entities Subsections of Subtopic 810-10, Consolidation—Overall, in certain situations involving entities under common control. Specifically, the amendments change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any.

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Note 4 – Property and Equipment, net Property and equipment, net consists of the following: (Dollar amounts in thousands) Useful life September 30, 2016 December 31, 2015 Buildings 30 $ 1,564 $ 1,606 Data processing equipment 3 - 5 107,969 94,523 Furniture and equipment 3 - 20 7,989 8,170 Leasehold improvements 5 -10 3,937 3,649 121,459 107,948 Less - accumulated depreciation and amortization (85,149 ) (75,244 ) Depreciable assets, net 36,310 32,704 Land 1,387 1,424 Property and equipment, net $ 37,697 $ 34,128 Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2016 amounted to $3.7 million and $10.5 million, respectively, compared to $3.9 million and $11.3 million, respectively, for the same periods in 2015.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	Note 5 – Goodwill and Other Intangible Assets The changes in the carrying amount of goodwill, allocated by reportable segments, were as follows (See Note 13): (Dollar amounts in thousands) Merchant Payment Business Total Balance at December 31, 2015 $ 138,121 $ 183,496 $ 46,516 $ 368,133 Goodwill attributable to acquisition — 4,991 — 4,991 Foreign currency translation adjustments — (1,438 ) (301 ) (1,739 ) Balance at September 30, 2016 $ 138,121 $ 187,049 $ 46,215 $ 371,385 Goodwill is tested for impairment on an annual basis, or more often if events or changes in circumstances indicate there may be impairment. The goodwill impairment test is a two-step process at each reporting unit level. The first step (“Step 1”) compares the estimated fair value of the reporting units to their carrying values, including goodwill. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired and the second step of the impairment test is unnecessary. If needed, the second step (“Step 2”) consists of comparing the implied fair value of the reporting units with the carrying amount of that goodwill. There were no triggering events or changes in circumstances that, subsequent to the impairment test, would have required an additional impairment evaluation. No impairment losses were recognized for the nine months ended September 30, 2016 or 2015. The carrying amount of other intangible assets at September 30, 2016 and December 31, 2015 was as follows: September 30, 2016 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 10 - 14 $ 325,384 $ (135,855 ) $ 189,529 Trademark 10 - 15 39,950 (20,784 ) 19,166 Software packages 3 -10 172,628 (117,376 ) 55,252 Non-compete agreement 15 56,539 (22,616 ) 33,923 Other intangible assets, net $ 594,501 $ (296,631 ) $ 297,870 December 31, 2015 Gross Accumulated Net carrying (Dollar amounts in thousands) Useful life in years amount amortization amount Customer relationships 10 - 14 $ 322,632 $ (117,963 ) $ 204,669 Trademark 10 - 15 39,950 (18,186 ) 21,764 Software packages 3 - 10 155,611 (106,735 ) 48,876 Non-compete agreement 15 56,539 (19,789 ) 36,750 Other intangible assets, net $ 574,732 $ (262,673 ) $ 312,059 For the three and nine months ended September 30, 2016, the Company recorded amortization expense related to other intangibles of $11.3 million and $34.0 million, respectively, compared to $13.0 million and $38.4 million for the corresponding 2015 periods. The estimated amortization expense of the balances outstanding at September 30, 2016 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2016 $ 12,105 2017 42,635 2018 39,125 2019 36,060 2020 33,140

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Note 6 – Debt and Short-Term Borrowings Total debt at September 30, 2016 and December 31, 2015 follows: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Senior Secured Credit Facility (Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin (1)(3) $ 247,032 $ 260,324 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR Rate plus applicable margin (2)(3) 378,498 381,723 Senior Secured Revolving Credit Facility expiring on April 17, 2018 paying interest at a variable interest rate 16,000 17,000 Note Payable due on October 1, 2017 (3) 1,892 2,967 Note Payable due on July 31, 2017 (3) 349 685 Note Payable due on April 30, 2021 (3) 559 — Total debt $ 644,330 $ 662,699 (1) Applicable margin of 2.25% at September 30, 2016 and December 31, 2015. (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at September 30, 2016 and December 31, 2015. (3) Net of unaccreted discount and unamortized debt issue costs. Senior Secured Credit Facilities Term A Loan As of September 30, 2016, the unpaid principal balance of the Term A Loan was $249.4 million. The Term A Loan requires principal payments on the last business day of each quarter equal to (a) 1.250% of the original principal amount commencing on September 30, 2013 through June 30, 2016; (b) 1.875% of the original principal amount from September 30, 2016 through June 30, 2017; (c) 2.50% of the original principal amount from September 30, 2017 through March 31, 2018; and (d) the remaining outstanding principal amount on the maturity of the Term A Loan on April 17, 2018. Interest is based on EVERTEC Group LLC’s (“EVERTEC Group”) first lien secured net leverage ratio and payable at a rate equal to, at the Company’s option, either (a) LIBOR Rate plus an applicable margin ranging from 2.00% to 2.50%, or (b) Base Rate, as defined in the 2013 Credit Agreement, plus an applicable margin ranging from 1.00% to 1.50%. Term A Loan has no LIBOR or Base Rate minimum or floor. Term B Loan As of September 30, 2016, the unpaid principal balance of the Term B Loan was $387.0 million. The Term B Loan requires principal payments on the last business day of each quarter equal to 0.250% of the original principal amount commencing on September 30, 2013 and the remaining outstanding principal amount on the maturity of the Term B Loan on April 17, 2020. Interest is based on EVERTEC Group’s first lien secured net leverage ratio and payable at a rate equal to, at the Company’s option, either (a) LIBOR Rate plus an applicable margin ranging from 2.50% to 2.75%, or (b) Base Rate plus an applicable margin ranging from 1.50% to 1.75%. The LIBOR Rate and Base Rate are subject to floors of 0.75% and 1.75%, respectively. Revolving Credit Facility The revolving credit facility has an available balance up to $100.0 million, with an interest rate on loans calculated the same as the applicable Term A Loan rate. The facility matures on April 17, 2018 and has a “commitment fee” payable one business day after the last business day of each quarter calculated based on the daily unused commitment during the preceding quarter. The commitment fee for the unused portion of this facility ranges from 0.125% to 0.375% and is based on EVERTEC Group’s first lien secured net leverage ratio. As of September 30, 2016, the outstanding balance of the revolving credit facility was $16.0 million. All loans may be prepaid without premium or penalty. The senior secured credit facilities contain various restrictive covenants. The Term A Loan and the revolving credit facility (subject to certain exceptions) require us to maintain on a quarterly basis a specified maximum senior secured leverage ratio of up to 6.60 to 1.00 as defined in the 2013 Credit Agreement (total first lien secured debt to adjusted EBITDA). In addition, the 2013 Credit Agreement, among other things: (a) limits our ability and the ability of our subsidiaries to incur additional indebtedness, incur liens, pay dividends or make certain other restricted payments and enter into certain transactions with affiliates; (b) restricts our ability to enter into agreements that would limit the ability of our subsidiaries to pay dividends or make certain payments to us; and (c) places restrictions on our ability and the ability of our subsidiaries to merge or consolidate with any other person or sell, assign, transfer, convey or otherwise dispose of all or substantially all of our assets. Credit Amendment fees During the second quarter of 2016, in connection with the Company’s Senior Secured Credit Facilities, EVERTEC Group, together with certain other direct and indirect subsidiaries of the Company, entered into a second amendment and waiver to the outstanding Credit Agreement. The Company paid each lender that consented to the amendment a fee equal to 0.50% of the aggregate principal amount of outstanding term loans and revolving commitments held by such lender. The credit amendment fees paid during the second quarter of 2016 amounted to $3.6 million. Notes payable In December 2014, June 2015 and May 2016, EVERTEC Group entered into non-interest bearing financing agreements amounting to $4.6 million, $1.1 million, and $0.7 million, respectively, to purchase software. As of September 30, 2016, the outstanding principal balance of the notes payable is $2.9 million. The current portion of these notes is recorded as part of accounts payable and the long-term portion is included in other long-term liabilities. Interest Rate Swap As of September 30, 2016, the Company has entered into the following interest rate swap transaction converting a portion of the interest rate exposure on our Term B loan from variable to fixed: Effective date Maturity Date Notional Amount Variable Rate Fixed Rate January 2017 April 2020 $200 million 1-month LIBOR 1.9225% The Company has accounted for this transaction as a cash flow hedge. The fair value of the Company’s derivative instruments is determined using standard valuation models. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments include the applicable forward rates and discount rates. As of September 30, 2016 and December 31, 2015, the carrying amount of the derivative on the Company’s balance sheet is as follows: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Other long-term liabilities $ 4,979 $ 515 The cash flow hedge is considered highly effective and no impact on earnings is expected due to hedge ineffectiveness.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	Note 7 – Financial Instruments and Fair Value Measurements Recurring Fair Value Measurements Fair value measurement provisions establish a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. This guidance describes three levels of input that may be used to measure fair value: Level 1 Level 2 Level 3 The Company uses observable inputs when available. Fair value is based upon quoted market prices when available. If market prices are not available, the Company may employ internally-developed models that mostly use market-based inputs including yield curves, interest rates, volatilities, and credit curves, among others. The Company limits valuation adjustments to those deemed necessary to ensure that the financial instrument’s fair value adequately represents the price that would be received or paid in the marketplace. Valuation adjustments may include consideration of counterparty credit quality and liquidity as well as other criteria. The estimated fair value amounts are subjective in nature and may involve uncertainties and matters of significant judgment for certain financial instruments. Changes in the underlying assumptions used in estimating fair value could affect the results. The fair value measurement levels are not indicative of risk of investment. The following table summarizes the fair value measurement by level at September 30, 2016 and December 31, 2015 for the liability measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total September 30, 2016 Financial liabilities: Interest rate swap $ — $ 4,979 $ — $ 4,979 December 31, 2015 Financial liabilities: Interest rate swap $ — $ 515 $ — $ 515 The fair value of financial instruments is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Fair value estimates are made at a specific point in time based on the type of financial instrument and relevant market information. Many of these estimates involve various assumptions and may vary significantly from amounts that could be realized in actual transactions. For those financial instruments with no quoted market prices available, fair values have been estimated using present value calculations or other valuation techniques, as well as management’s best judgment with respect to current economic conditions, including discount rates and estimates of future cash flows. The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (Dollar amounts in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Interest rate swap $ 4,979 $ 4,979 $ 515 $ 515 Senior secured term loan A 247,032 246,051 260,324 250,688 Senior secured term loan B 378,498 382,646 381,723 373,749 The fair value of the senior secured term loans at September 30, 2016 and December 31, 2015 were obtained using the prices provided by third party service providers. Their pricing is based on various inputs such as: market quotes, recent trading activity in a non-active market or imputed prices. Also, the pricing may include the use of an algorithm that could take into account movement in the general high yield market, among other variants. The unpaid principal balance of Term Loan A as of September 30, 2016 and December 31, 2015 was $249.4 million and $262.5 million, respectively, while the unpaid principal balance of the Term Loan B was $387.0 million and $390.0 million for the same periods, respectively. The senior secured term loans, which are not measured at fair value in the balance sheets, would be categorized as Level 3 in the fair value hierarchy.

Equity

Equity	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Equity	Note 8 – Equity Accumulated Other Comprehensive loss The following table provides a summary of the changes in the balances of accumulated other comprehensive loss for the nine month period ended September 30, 2016: (Dollar amounts in thousands) Foreign Currency Cash Flow Hedge Balance - December 31, 2015 $ (7,067 ) $ (515 ) Additions (2,620 ) (4,464 ) Balance - September 30, 2016 $ (9,687 ) $ (4,979 )

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Note 9 – Share-based Compensation Long-term Incentive Plan In the first quarter of 2015, the Compensation Committee of the Board of Directors approved grants of restricted stock units (“RSUs”) to executives and certain employees pursuant to the 2015 Long-Term Incentive Program (“2015 LTIP”) under the terms of our 2013 Equity Incentive Plan. Under the 2015 LTIP, the Company granted restricted stock units to eligible participants as time-based awards and/or performance-based awards. In the first quarter of 2016, the Compensation Committee of the Board of Directors approved grants of RSUs to executives and certain employees pursuant to the 2016 Long-Term Incentive Program (“2016 LTIP”) under the terms of our 2013 Equity Incentive Plan. Under the 2016 LTIP, the Company granted restricted stock units to eligible participants as time-based awards and/or performance-based awards. The vesting of the RSUs is dependent upon service, market, and/or performance conditions as defined in the grants. Employees that received time-based awards with service conditions are entitled to receive a specific number of shares of the Company’s common stock on the vesting date if the employee is providing services to the Company on the vesting date. Time-based awards vest over a period of three years in substantially equal installments commencing on the start of the fiscal year during which the RSUs were granted or on the grant date and ending on January 1st of each year for the 2015 LTIP and on mid-February of each year for the 2016 LTIP. Employees that received awards with market conditions are entitled to receive a specific number of shares of the Company’s common stock on the vesting date if the Company’s total shareholder return (“TSR”) target relative to a specified group of industry peer companies is achieved. Employees that received awards with performance conditions are entitled to receive a specific number of shares of the Company’s common stock on the vesting date if the Compound Annual Growth Rate (“CAGR”) of Diluted EPS target is achieved. Performance and market-based awards vest at the end of the performance period which commenced on the start of the fiscal year during which the RSUs were granted or on the grant date and ends on January 1, 2018 for the 2015 LTIP and on February 19, 2019 for the 2016 LTIP. Awards are forfeited if the employee voluntarily ceases to be employed by the Company prior to vesting. The following table summarizes the stock options activity for the nine months ended September 30, 2016: Shares Weighted-Average Outstanding December 31, 2015 140,000 $ 18.88 Outstanding September 30, 2016 86,667 $ 19.86 Exercisable at September 30, 2016 66,667 $ 24.01 Management uses the fair value method of recording stock-based compensation as described in the guidance for stock compensation in ASC topic 718. The following table summarizes nonvested restricted shares and RSUs activity for the nine months ended September 30, 2016: Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2015 491,726 $ 22.32 Forfeited (30,983 ) 18.81 Vested (149,995 ) 21.06 Granted 858,197 12.06 Nonvested at September 30, 2016 1,168,945 $ 15.04 For the three and nine months ended September 30, 2016 and 2015, the Company recognized $1.2 million and $4.6 million and $1.6 million and $3.7 million of share-based compensation expense, respectively. As of September 30, 2016, the maximum unrecognized cost for restricted stocks and RSU’s was $11.4 million. The cost is expected to be recognized over a weighted average period of 2.01 years. Unrecognized share-based compensation expense related to stock options for the same period is minor and is expected to be recognized over the next year.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Tax	Note 10 – Income Tax The components of income tax expense for the three and nine months ended September 30, 2016 and 2015 consisted of the following: Three months ended Nine months ended (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Current tax provision $ 2,560 $ (8,920 ) $ 8,774 $ (1,760 ) Deferred tax benefit (921 ) (427 ) (2,458 ) (2,166 ) Income tax expense (benefit) $ 1,639 $ (9,347 ) $ 6,316 $ (3,926 ) The Company conducts operations in Puerto Rico and certain countries in Latin America. As a result, the income tax expense includes the effect of taxes paid to the Puerto Rico government as well as foreign jurisdictions. The following table presents the components of income tax expense for the three and nine months ended September 30, 2016 and 2015 and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Current tax provision (benefit) Puerto Rico $ 1,150 $ (9,910 ) $ 4,711 $ (4,583 ) United States 86 118 322 419 Foreign countries 1,324 872 3,741 2,404 Total currrent tax provision (benefit) $ 2,560 $ (8,920 ) $ 8,774 $ (1,760 ) Deferred tax benefit Puerto Rico $ (558 ) $ (169 ) $ (1,468 ) $ (1,509 ) United States (93 ) (23 ) (144 ) (82 ) Foreign countries (270 ) (235 ) (846 ) (575 ) Total deferred tax benefit $ (921 ) $ (427 ) $ (2,458 ) $ (2,166 ) Taxes payable to foreign countries by EVERTEC’s subsidiaries will be paid by such subsidiary and the corresponding liability and expense will be presented in EVERTEC’s consolidated financial statements. As of September 30, 2016, the gross deferred tax asset amounted to $5.0 million and the gross deferred tax liability amounted to $21.1 million, compared to $3.5 million and $22.4 million as of December 31, 2015. The Company estimates that it is reasonably possible that the liability for uncertain tax position relating to the net operating loss created by transaction costs will decrease by no more than $4.5 million in the next twelve months as a result of the expiration of the statute of limitations. Pursuant to the provision of the PR Code, net operating losses (“NOL”) can be carried forward for a period of seven, ten or twelve taxable years, depending on the taxable year generated. Act 72 of May 29, 2015, limited the amount of NOLs deduction to 80% for regular tax and 70% for AMT. At September 30, 2016, the Company has $7.0 million NOL carryforwards for tax purposes available to offset future taxable income. As a result of certain realization requirements of ASC 718, gross deferred tax assets do not include the windfall tax benefit as of September 30, 2016, that arose directly from tax deductions related to equity compensation greater than compensation recognized for financial reporting. Equity will be increased by $4.2 million if and when such windfall tax benefits are ultimately realized. The Company uses tax law ordering when determining when windfall tax benefits have been realized. Income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate to the income before income taxes as a result of the following: Nine month period ended September 30, (Dollar amounts in thousands) 2016 2015 (As restated) Computed income tax at statutory rates $ 25,517 $ 22,935 Benefit of net tax-exempt interest income (41 ) — Differences in tax rates due to multiple jurisdictions (111 ) (471 ) Tax expense due to a change in estimate 228 — Effect of income subject to tax-exemption grant (19,139 ) (16,412 ) Unrecognized tax benefit (140 ) (9,978 ) Other 2 — Income tax expense (benefit) $ 6,316 $ (3,926 )

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Net Income Per Common Share	Note 11 – Net Income Per Common Share The reconciliation of the numerator and denominator of the income per common share is as follows: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands, except per share information) 2016 2015 2016 2015 (As restated) (As restated) Net income attributable to EVERTEC, Inc. $ 19,680 $ 25,336 $ 59,063 $ 63,448 Less: non-forfeitable dividends on restricted stock 3 3 6 6 Net income available to EVERTEC, Inc.’s common shareholders $ 19,677 $ 25,333 $ 59,057 $ 63,442 Weighted average common shares outstanding 73,872,048 77,160,514 74,506,323 77,472,673 Weighted average potential dilutive common shares (1) 418,685 132,299 245,571 104,722 Weighted average common shares outstanding - assuming dilution 74,290,733 77,292,813 74,751,894 77,577,395 Net income per common share - basic $ 0.27 $ 0.33 $ 0.79 $ 0.82 Net income per common share - diluted $ 0.26 $ 0.33 $ 0.79 $ 0.82 (1) Potential common shares consist of common stock issuable under the assumed exercise of stock options and restricted stock awards using the treasury stock method. On February 17, 2016, our Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on March 17, 2016 to stockholders of record as of the close of business on February 29, 2016. On May 11, 2016, our Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on June 10, 2016 to stockholders of record as of the close of business on May 23, 2016. On July 28, 2016, the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on September 2, 2016 to stockholders of record as of the close of business on August 9, 2016.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 12 – Commitments and Contingencies Certain lease agreements contain provisions for future rent increases. The total amount of rental payments due over the lease term is being charged to rent expense on the straight-line method over the term of the lease. The difference between rent expense recorded and the amount paid is recorded as a deferred rent obligation. Rent expense of office facilities and real estate for both the three and nine months ended September 30, 2016 and 2015 amounted to $2.2 million and $6.2 million, and $1.9 million and $6.0 million, respectively. Rent expense for telecommunications and other equipment for the three and nine months ended September 30, 2016 amounted to $1.5 million and $4.6 million, respectively, compared to $1.4 million and $4.0 million for the corresponding 2015 periods. In the ordinary course of business, the Company may enter into commercial commitments. As of September 30, 2016, EVERTEC has an outstanding letter of credit of $0.3 million with a maturity of less than three months. EVERTEC is a defendant in a number of legal proceedings arising in the ordinary course of business. Based on the opinion of legal counsel and other factors, Management believes that the final disposition of these matters will not have a material adverse effect on the business, results of operations, financial condition, or cash flows of the Company. The Company has identified certain claims as a result of which a loss may be incurred, but in the aggregate the loss would be insignificant. For other claims regarding for which proceedings are in an initial phase, the Company is unable to estimate the range of possible loss, if any, but at this time believes that any loss related to such claims will not be material.

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Related Party Transactions	Note 13 – Related Party Transactions The following table presents the Company’s transactions with related parties for the three and nine months ended September 30, 2016 and 2015: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Total revenues (1)(2) $ 43,022 $ 42,104 $ 129,786 $ 126,475 Cost of revenues $ 381 $ 389 $ 1,179 $ 1,511 Rent and other fees $ 2,088 $ 1,831 $ 6,051 $ 5,798 Interest earned from affiliate Interest income $ 51 $ 59 $ 165 $ 146 (1) Total revenues from Popular as a percentage of revenues were 45% for each of the periods presented above. (2) Includes revenues generated from investee accounted for under the equity method of $0.5 million and $1.6 million for the three and nine months ended September 30, 2016, respectively, and $0.5 million and $1.6 million for the corresponding 2015 periods. At September 30, 2016 and December 31, 2015, EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Cash and restricted cash deposits in affiliated bank $ 21,948 $ 23,872 Other due/to from affiliate Accounts receivable $ 19,652 $ 20,196 Prepaid expenses and other assets $ 630 $ 867 Accounts payable (1) $ 5,152 $ 2,687 Unearned income (2) $ 14,743 $ 11,970 Other long-term liabilities (1) $ — $ 14 (1) Includes an account payable of $32,000 and a long-term liability of $13,700 for December 31, 2015, related to the unvested portion of stock options as a result of the equitable adjustment approved by our Board of Directors on December 18, 2012 that will be payable to executive officers and employees upon vesting of stock options. As of September 30, 2016, there is no remaining liability. (2) Includes current and long-term unearned income.

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Segment Information	Note 14 – Segment Information The Company operates in three business segments: Merchant Acquiring, Payment Processing and Business Solutions. The Company’s business segments are organized based on the nature of products and services. The Chief Operating Decision Maker (“CODM”) reviews their individual financial information to assess performance and to allocate resources. The following tables set forth information about the Company’s operations by its three business segments for the periods indicated: (Dollar amounts in thousands) Merchant Payment Business Other Total Three months ended September 30, 2016 Revenues 21,970 35,969 44,913 (8,385 ) (1) 94,467 Income from operations 6,728 12,803 14,930 (7,454 ) (2) 27,007 Three months ended September 30, 2015 - As restated Revenues 20,784 34,299 44,655 (6,797 ) (1) 92,941 Income from operations 8,566 12,859 11,058 (11,009 ) (2) 21,474 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues. (2) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses. (Dollar amounts in thousands) Merchant Payment Business Other Total Nine months ended September 30, 2016 Revenues 68,137 106,797 136,765 (24,081 ) (1) 287,618 Income from operations 23,940 39,493 43,299 (24,967 ) (2) 81,765 Nine months ended September 30, 2015 - As restated Revenues 62,041 101,100 135,165 (20,462 ) (1) 277,844 Income from operations 27,467 40,917 38,414 (30,859 ) (2) 75,939 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues. (2) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses. The reconciliation of income from operations to consolidated net income for the three and nine months ended September 30, 2016 and 2015 is as follows: Three months ended Nine months ended (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Segment income from operations Merchant Acquiring $ 6,728 $ 8,566 $ 23,940 $ 27,467 Payment Processing 12,803 12,859 39,493 40,917 Business Solutions 14,930 11,058 43,299 38,414 Total segment income from operations 34,461 32,483 106,732 106,798 Merger related depreciation and amortization and other unallocated expenses (1) (7,454 ) (11,009 ) (24,967 ) (30,859 ) Income from operations 27,007 21,474 81,765 75,939 Interest expense, net (6,189 ) (5,863 ) (18,026 ) (18,043 ) Earnings (losses) of equity method investment 43 (3 ) (58 ) 196 Other income 489 381 1,747 1,430 Income tax (expense) benefit (1,639 ) 9,347 (6,316 ) 3,926 Net income $ 19,711 $ 25,336 $ 59,112 $ 63,448 (1) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2016
Subsequent Events [Abstract]
Subsequent Events	Note 15 – Subsequent Events On October 27, 2016, the Company’s Board of Directors declared a regular quarterly cash dividend of $0.10 per share on the Company’s outstanding shares of common stock. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to Board of Director approval and may be adjusted as business needs or market conditions change. The cash dividend of $0.10 per share will be paid on December 2, 2016 to stockholders of record as of the close of business on November 14, 2016.

The Company and Basis of Pres23

The Company and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Accounting Policies [Abstract]
The Company	The Company EVERTEC, Inc. (formerly known as Carib Latam Holdings, Inc.) and its subsidiaries (collectively the “Company,” or “EVERTEC”) is a leading full-service transaction processing business in Latin America and the Caribbean. The Company is based in Puerto Rico and provides a broad range of merchant acquiring, payment processing and business process management services across 18 countries in the region. EVERTEC owns and operates the ATH network, one of the leading automated teller machine (“ATM”) and personal identification number (“PIN”) debit networks in Latin America. In addition, EVERTEC provides a comprehensive suite of services for core bank processing, cash processing and technology outsourcing in the regions the Company serves. EVERTEC serves a broad and diversified customer base of leading financial institutions, merchants, corporations and government agencies with solutions that are essential to their operations, enabling them to issue, process and accept transactions securely.
Basis of Presentation	Basis of Presentation The unaudited consolidated condensed financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). The preparation of the accompanying unaudited consolidated condensed financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the unaudited consolidated condensed financial statements. Actual results could differ from these estimates. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted from these statements pursuant to the rules and regulations of the SEC and, accordingly, these consolidated condensed financial statements should be read in conjunction with the Audited Consolidated Financial Statements of the Company for the year ended December 31, 2015, included in the Company’s 2015 Form 10-K. In the opinion of management, the accompanying consolidated condensed financial statements, prepared in accordance with GAAP, contain all adjustments necessary for a fair presentation. All significant intercompany accounts and transactions have been eliminated in consolidation.
Recent Accounting Pronouncements	Recent Accounting Pronouncements The Financial Accounting Standards Board (“FASB”) has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In August 2016, the FASB issued updated guidance for the classification of certain cash receipts and cash payments on the statement of cash flows. The amendments in this update provide specific guidance for the classification of eight issues: debt prepayment or extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of an insurance claim; proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and applications of the predominance principle. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. An entity that elects early adoption must adopt all of the amendments in the same period. The amendments in this Update should be applied using a retrospective transition method to each period presented. If it is impracticable to apply the amendments retrospectively for some of the issues, the amendments for those issues would be applied prospectively as of the earliest date practicable. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any. In October 2016, the FASB issued updated guidance for tax treatment of intra-entity transfers of assets other than inventory. Current GAAP prohibits the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The Board decided that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments in this Update eliminate the exception for an intra-entity transfer of an asset other than inventory. The amendments in this Update do not include new disclosure requirements; however, existing disclosure requirements might be applicable when accounting for the current and deferred income taxes for an intra-entity transfer of an asset other than inventory. For public business entities, the amendments in this Update are effective for annual reporting periods beginning after December 15, 2017, including interim reporting periods within those annual reporting periods. Early adoption is permitted for all entities as of the beginning of an annual reporting period for which financial statements (interim or annual) have not been issued or made available for issuance. The amendments in this Update should be applied on a modified retrospective basis through a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. In October 2016, the FASB issued updated guidance for the consolidation of variable interest entities (“VIEs”) for which interests are held through related parties that are under common control. The amendments in this Update affect reporting entities that are required to evaluate whether they should consolidate a VIE within the Variable Interest Entities Subsections of Subtopic 810-10, Consolidation—Overall, in certain situations involving entities under common control. Specifically, the amendments change the evaluation of whether a reporting entity is the primary beneficiary of a VIE by changing how a reporting entity that is a single decision maker of a VIE treats indirect interests in the entity held through related parties that are under common control with the reporting entity. The amendments in this Update are effective for public business entities for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Early adoption is permitted, including adoption in an interim period. If an entity early adopts the amendments in an interim period, any adjustments should be reflected as of the beginning of the fiscal year that includes that interim period. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements, if any.

Restatement of Previously Iss24

Restatement of Previously Issued Financial Information (Tables)	9 Months Ended
	Sep. 30, 2016
Accounting Changes and Error Corrections [Abstract]
Effect of Restatement Adjustments and Reclassifications on Unaudited Consolidated Condensed Statements of Income	The table below summarizes the effects of the Restatement adjustments and reclassifications on the unaudited consolidated condensed statement of income for the quarter and nine month period ended September 30, 2015: Three month period ended September 30, 2015 (Dollar amounts in thousands) As previously reported Restatement Adjustment Other insignificant As restated Reference Revenues Merchant Acquiring, net $ 20,784 $ — $ — $ 20,784 Payment Processing 27,502 — — 27,502 Business Solutions 44,492 — 163 44,655 1 Total revenues 92,778 — 163 92,941 Operating costs and expenses Cost of revenues, exclusive of depreciation and amortization shown below 44,821 — (680 ) 44,141 3, 4, 5 Selling, general and administrative expenses 10,428 — (36 ) 10,392 5 Depreciation and amortization 16,934 — — 16,934 Total operating costs and expenses 72,183 — (716 ) 71,467 Income from operations 20,595 — 879 21,474 Non-operating income (expenses) Interest income 140 — — 140 Interest expense (6,003 ) — — (6,003 ) Losses of equity method investment (3 ) — — (3 ) Other income 381 — — 381 Total non-operating expenses (5,485 ) — — (5,485 ) Income before income taxes 15,110 — 879 15,989 Income tax expense (benefit) 1,687 (11,034 ) — (9,347 ) a Net income 13,423 11,034 879 25,336 Other comprehensive income, net of tax Foreign currency translation adjustments 84 — — 84 Total comprehensive income $ 13,507 $ 11,034 $ 879 $ 25,420 Net income per common share - basic $ 0.17 $ 0.15 $ 0.01 $ 0.33 Net income per common share - diluted $ 0.17 $ 0.15 $ 0.01 $ 0.33 Nine month period ended September 30, 2015 (Dollar amounts in thousands) As previously reported Restatement Adjustment Other insignificant As restated Reference Revenues Merchant Acquiring, net $ 62,041 $ — $ — $ 62,041 Payment Processing 80,638 — — 80,638 Business Solutions 134,672 — 493 135,165 1 Total revenues 277,351 — 493 277,844 Operating costs and expenses Cost of revenues, exclusive of depreciation and amortization shown below 125,280 — (185 ) 125,095 2, 3, 4, 5 Selling, general and administrative expenses 27,079 — (36 ) 27,043 5 Depreciation and amortization 49,767 — — 49,767 Total operating costs and expenses 202,126 — (221 ) 201,905 Income from operations 75,225 — 714 75,939 Non-operating income (expenses) Interest income 371 — — 371 Interest expense (18,414 ) — — (18,414 ) Earnings of equity method investment 196 — — 196 Other income 1,430 — — 1,430 Total non-operating expenses (16,417 ) — — (16,417 ) Income before income taxes 58,808 — 714 59,522 Income tax expense 6,053 (9,979 ) — (3,926 ) a Net income 52,755 9,979 714 63,448 Other comprehensive income, net of tax Foreign currency translation adjustments 473 — — 473 Total comprehensive income $ 53,228 $ 9,979 $ 714 $ 63,921 Net income per common share - basic $ 0.68 $ 0.13 $ 0.01 $ 0.82 Net income per common share - diluted $ 0.68 $ 0.13 $ 0.01 $ 0.82

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2016
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and equipment, net consists of the following: (Dollar amounts in thousands) Useful life September 30, 2016 December 31, 2015 Buildings 30 $ 1,564 $ 1,606 Data processing equipment 3 - 5 107,969 94,523 Furniture and equipment 3 - 20 7,989 8,170 Leasehold improvements 5 -10 3,937 3,649 121,459 107,948 Less - accumulated depreciation and amortization (85,149 ) (75,244 ) Depreciable assets, net 36,310 32,704 Land 1,387 1,424 Property and equipment, net $ 37,697 $ 34,128

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Changes in Carrying Amount of Goodwill Allocated by Reportable Segments	The changes in the carrying amount of goodwill, allocated by reportable segments, were as follows (See Note 13): (Dollar amounts in thousands) Merchant Payment Business Total Balance at December 31, 2015 $ 138,121 $ 183,496 $ 46,516 $ 368,133 Goodwill attributable to acquisition — 4,991 — 4,991 Foreign currency translation adjustments — (1,438 ) (301 ) (1,739 ) Balance at September 30, 2016 $ 138,121 $ 187,049 $ 46,215 $ 371,385
Carrying Amount of Other Intangible Assets	The carrying amount of other intangible assets at September 30, 2016 and December 31, 2015 was as follows: September 30, 2016 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 10 - 14 $ 325,384 $ (135,855 ) $ 189,529 Trademark 10 - 15 39,950 (20,784 ) 19,166 Software packages 3 -10 172,628 (117,376 ) 55,252 Non-compete agreement 15 56,539 (22,616 ) 33,923 Other intangible assets, net $ 594,501 $ (296,631 ) $ 297,870 December 31, 2015 Gross Accumulated Net carrying (Dollar amounts in thousands) Useful life in years amount amortization amount Customer relationships 10 - 14 $ 322,632 $ (117,963 ) $ 204,669 Trademark 10 - 15 39,950 (18,186 ) 21,764 Software packages 3 - 10 155,611 (106,735 ) 48,876 Non-compete agreement 15 56,539 (19,789 ) 36,750 Other intangible assets, net $ 574,732 $ (262,673 ) $ 312,059
Estimated Amortization Expenses	The estimated amortization expense of the balances outstanding at September 30, 2016 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2016 $ 12,105 2017 42,635 2018 39,125 2019 36,060 2020 33,140

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Total Debt	Total debt at September 30, 2016 and December 31, 2015 follows: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Senior Secured Credit Facility (Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin (1)(3) $ 247,032 $ 260,324 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR Rate plus applicable margin (2)(3) 378,498 381,723 Senior Secured Revolving Credit Facility expiring on April 17, 2018 paying interest at a variable interest rate 16,000 17,000 Note Payable due on October 1, 2017 (3) 1,892 2,967 Note Payable due on July 31, 2017 (3) 349 685 Note Payable due on April 30, 2021 (3) 559 — Total debt $ 644,330 $ 662,699 (1) Applicable margin of 2.25% at September 30, 2016 and December 31, 2015. (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at September 30, 2016 and December 31, 2015. (3) Net of unaccreted discount and unamortized debt issue costs.
Summary of Interest Rate Swap Transaction	As of September 30, 2016, the Company has entered into the following interest rate swap transaction converting a portion of the interest rate exposure on our Term B loan from variable to fixed: Effective date Maturity Date Notional Amount Variable Rate Fixed Rate January 2017 April 2020 $200 million 1-month LIBOR 1.9225%
Carrying Amount of Derivative Instruments on Company's Balance Sheet	As of September 30, 2016 and December 31, 2015, the carrying amount of the derivative on the Company’s balance sheet is as follows: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Other long-term liabilities $ 4,979 $ 515

Financial Instruments and Fai28

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurement for Liability at Fair Value on Recurring Basis	The following table summarizes the fair value measurement by level at September 30, 2016 and December 31, 2015 for the liability measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total September 30, 2016 Financial liabilities: Interest rate swap $ — $ 4,979 $ — $ 4,979 December 31, 2015 Financial liabilities: Interest rate swap $ — $ 515 $ — $ 515
Carrying Value and Estimated Fair Values for Financial Instruments	The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at September 30, 2016 and December 31, 2015: September 30, 2016 December 31, 2015 (Dollar amounts in thousands) Carrying Fair Value Carrying Fair Value Financial liabilities: Interest rate swap $ 4,979 $ 4,979 $ 515 $ 515 Senior secured term loan A 247,032 246,051 260,324 250,688 Senior secured term loan B 378,498 382,646 381,723 373,749

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2016
Equity [Abstract]
Summary of Changes in Balances of Accumulated Other Comprehensive Loss	The following table provides a summary of the changes in the balances of accumulated other comprehensive loss for the nine month period ended September 30, 2016: (Dollar amounts in thousands) Foreign Currency Cash Flow Hedge Balance - December 31, 2015 $ (7,067 ) $ (515 ) Additions (2,620 ) (4,464 ) Balance - September 30, 2016 $ (9,687 ) $ (4,979 )

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity	The following table summarizes the stock options activity for the nine months ended September 30, 2016: Shares Weighted-Average Outstanding December 31, 2015 140,000 $ 18.88 Outstanding September 30, 2016 86,667 $ 19.86 Exercisable at September 30, 2016 66,667 $ 24.01
Nonvested Restricted Shares and RSUs Activity	The following table summarizes nonvested restricted shares and RSUs activity for the nine months ended September 30, 2016: Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2015 491,726 $ 22.32 Forfeited (30,983 ) 18.81 Vested (149,995 ) 21.06 Granted 858,197 12.06 Nonvested at September 30, 2016 1,168,945 $ 15.04

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax expense for the three and nine months ended September 30, 2016 and 2015 consisted of the following: Three months ended Nine months ended (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Current tax provision $ 2,560 $ (8,920 ) $ 8,774 $ (1,760 ) Deferred tax benefit (921 ) (427 ) (2,458 ) (2,166 ) Income tax expense (benefit) $ 1,639 $ (9,347 ) $ 6,316 $ (3,926 )
Segregation of Income Tax Expense Based on Location of Operations	The following table presents the components of income tax expense for the three and nine months ended September 30, 2016 and 2015 and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Current tax provision (benefit) Puerto Rico $ 1,150 $ (9,910 ) $ 4,711 $ (4,583 ) United States 86 118 322 419 Foreign countries 1,324 872 3,741 2,404 Total currrent tax provision (benefit) $ 2,560 $ (8,920 ) $ 8,774 $ (1,760 ) Deferred tax benefit Puerto Rico $ (558 ) $ (169 ) $ (1,468 ) $ (1,509 ) United States (93 ) (23 ) (144 ) (82 ) Foreign countries (270 ) (235 ) (846 ) (575 ) Total deferred tax benefit $ (921 ) $ (427 ) $ (2,458 ) $ (2,166 )
Income Tax Expense Differs from Computed Income Tax at Statutory Rates	Income tax expense differs from the amount computed by applying the Puerto Rico statutory income tax rate to the income before income taxes as a result of the following: Nine month period ended September 30, (Dollar amounts in thousands) 2016 2015 (As restated) Computed income tax at statutory rates $ 25,517 $ 22,935 Benefit of net tax-exempt interest income (41 ) — Differences in tax rates due to multiple jurisdictions (111 ) (471 ) Tax expense due to a change in estimate 228 — Effect of income subject to tax-exemption grant (19,139 ) (16,412 ) Unrecognized tax benefit (140 ) (9,978 ) Other 2 — Income tax expense (benefit) $ 6,316 $ (3,926 )

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2016
Earnings Per Share [Abstract]
Schedule of Reconciliation of Numerator and Denominator of Income Per Common Share	The reconciliation of the numerator and denominator of the income per common share is as follows: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands, except per share information) 2016 2015 2016 2015 (As restated) (As restated) Net income attributable to EVERTEC, Inc. $ 19,680 $ 25,336 $ 59,063 $ 63,448 Less: non-forfeitable dividends on restricted stock 3 3 6 6 Net income available to EVERTEC, Inc.’s common shareholders $ 19,677 $ 25,333 $ 59,057 $ 63,442 Weighted average common shares outstanding 73,872,048 77,160,514 74,506,323 77,472,673 Weighted average potential dilutive common shares (1) 418,685 132,299 245,571 104,722 Weighted average common shares outstanding - assuming dilution 74,290,733 77,292,813 74,751,894 77,577,395 Net income per common share - basic $ 0.27 $ 0.33 $ 0.79 $ 0.82 Net income per common share - diluted $ 0.26 $ 0.33 $ 0.79 $ 0.82 (1) Potential common shares consist of common stock issuable under the assumed exercise of stock options and restricted stock awards using the treasury stock method.

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2016
Related Party Transactions [Abstract]
Transactions with Related Parties	The following table presents the Company’s transactions with related parties for the three and nine months ended September 30, 2016 and 2015: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Total revenues (1)(2) $ 43,022 $ 42,104 $ 129,786 $ 126,475 Cost of revenues $ 381 $ 389 $ 1,179 $ 1,511 Rent and other fees $ 2,088 $ 1,831 $ 6,051 $ 5,798 Interest earned from affiliate Interest income $ 51 $ 59 $ 165 $ 146 (1) Total revenues from Popular as a percentage of revenues were 45% for each of the periods presented above. (2) Includes revenues generated from investee accounted for under the equity method of $0.5 million and $1.6 million for the three and nine months ended September 30, 2016, respectively, and $0.5 million and $1.6 million for the corresponding 2015 periods.
Summary of Balances of Transactions with Related Parties	At September 30, 2016 and December 31, 2015, EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) September 30, 2016 December 31, 2015 Cash and restricted cash deposits in affiliated bank $ 21,948 $ 23,872 Other due/to from affiliate Accounts receivable $ 19,652 $ 20,196 Prepaid expenses and other assets $ 630 $ 867 Accounts payable (1) $ 5,152 $ 2,687 Unearned income (2) $ 14,743 $ 11,970 Other long-term liabilities (1) $ — $ 14 (1) Includes an account payable of $32,000 and a long-term liability of $13,700 for December 31, 2015, related to the unvested portion of stock options as a result of the equitable adjustment approved by our Board of Directors on December 18, 2012 that will be payable to executive officers and employees upon vesting of stock options. As of September 30, 2016, there is no remaining liability. (2) Includes current and long-term unearned income.

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2016
Segment Reporting [Abstract]
Information about Operations by Business Segments	The following tables set forth information about the Company’s operations by its three business segments for the periods indicated: (Dollar amounts in thousands) Merchant Payment Business Other Total Three months ended September 30, 2016 Revenues 21,970 35,969 44,913 (8,385 ) (1) 94,467 Income from operations 6,728 12,803 14,930 (7,454 ) (2) 27,007 Three months ended September 30, 2015 - As restated Revenues 20,784 34,299 44,655 (6,797 ) (1) 92,941 Income from operations 8,566 12,859 11,058 (11,009 ) (2) 21,474 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues. (2) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses. (Dollar amounts in thousands) Merchant Payment Business Other Total Nine months ended September 30, 2016 Revenues 68,137 106,797 136,765 (24,081 ) (1) 287,618 Income from operations 23,940 39,493 43,299 (24,967 ) (2) 81,765 Nine months ended September 30, 2015 - As restated Revenues 62,041 101,100 135,165 (20,462 ) (1) 277,844 Income from operations 27,467 40,917 38,414 (30,859 ) (2) 75,939 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues. (2) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.
Reconciliation of Income from Operations to Consolidated Net Income	The reconciliation of income from operations to consolidated net income for the three and nine months ended September 30, 2016 and 2015 is as follows: Three months ended Nine months ended (Dollar amounts in thousands) 2016 2015 2016 2015 (As restated) (As restated) Segment income from operations Merchant Acquiring $ 6,728 $ 8,566 $ 23,940 $ 27,467 Payment Processing 12,803 12,859 39,493 40,917 Business Solutions 14,930 11,058 43,299 38,414 Total segment income from operations 34,461 32,483 106,732 106,798 Merger related depreciation and amortization and other unallocated expenses (1) (7,454 ) (11,009 ) (24,967 ) (30,859 ) Income from operations 27,007 21,474 81,765 75,939 Interest expense, net (6,189 ) (5,863 ) (18,026 ) (18,043 ) Earnings (losses) of equity method investment 43 (3 ) (58 ) 196 Other income 489 381 1,747 1,430 Income tax (expense) benefit (1,639 ) 9,347 (6,316 ) 3,926 Net income $ 19,711 $ 25,336 $ 59,112 $ 63,448 (1) Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.

The Company and Basis of Pres35

The Company and Basis of Presentation - Additional Information (Detail)	Sep. 30, 2016Country
Accounting Policies [Abstract]
Number of countries where the Company provides a broad range of merchant acquiring, payment processing and business process management services	18

Restatement of Previously Iss36

Restatement of Previously Issued Financial Information - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Dec. 31, 2010	Sep. 30, 2010
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Income tax benefit	$ 1,639	$ (9,347)	$ 6,316	$ (3,926)
Deferred tax assets					$ 14,300
Merger, percentage of interests acquired						51.00%
Reversal of Debt Issuance Cost [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Income tax benefit		$ (11,800)

Restatement of Previously Iss37

Restatement of Previously Issued Financial Information - Effect of Restatement Adjustments and Reclassifications on Unaudited Consolidated Condensed Statements of Income (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues
Merchant acquiring, net	$ 21,970	$ 20,784	$ 68,137	$ 62,041
Payment Processing	27,584	27,502	82,716	80,638
Business Solutions	44,913	44,655	136,765	135,165
Total revenues	94,467	92,941	287,618	277,844
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	41,753	44,141	127,127	125,095
Selling, general and administrative expenses	10,818	10,392	34,226	27,043
Depreciation and amortization	14,889	16,934	44,500	49,767
Total operating costs and expenses	67,460	71,467	205,853	201,905
Income from operations	27,007	21,474	81,765	75,939
Non-operating income (expenses)
Interest income	87	140	266	371
Interest expense	(6,276)	(6,003)	(18,292)	(18,414)
(Losses) Earnings of equity method investment	43	(3)	(58)	196
Other income	489	381	1,747	1,430
Total non-operating expenses	(5,657)	(5,485)	(16,337)	(16,417)
Income before income taxes	21,350	15,989	65,428	59,522
Income tax expense (benefit)	1,639	(9,347)	6,316	(3,926)
Net income	19,680	25,336	59,063	63,448
Other comprehensive income, net of tax Foreign currency translation adjustments	(1,041)	84	(2,620)	473
Total comprehensive income	$ 18,722	$ 25,420	$ 51,979	$ 63,921
Net income per common share - basic	$ 0.27	$ 0.33	$ 0.79	$ 0.82
Net income per common share - diluted	$ 0.26	$ 0.33	$ 0.79	$ 0.82
As Previously Reported [Member]
Revenues
Merchant acquiring, net		$ 20,784		$ 62,041
Payment Processing		27,502		80,638
Business Solutions		44,492		134,672
Total revenues		92,778		277,351
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below		44,821		125,280
Selling, general and administrative expenses		10,428		27,079
Depreciation and amortization		16,934		49,767
Total operating costs and expenses		72,183		202,126
Income from operations		20,595		75,225
Non-operating income (expenses)
Interest income		140		371
Interest expense		(6,003)		(18,414)
(Losses) Earnings of equity method investment		(3)		196
Other income		381		1,430
Total non-operating expenses		(5,485)		(16,417)
Income before income taxes		15,110		58,808
Income tax expense (benefit)		1,687		6,053
Net income		13,423		52,755
Other comprehensive income, net of tax Foreign currency translation adjustments		84		473
Total comprehensive income		$ 13,507		$ 53,228
Net income per common share - basic		$ 0.17		$ 0.68
Net income per common share - diluted		$ 0.17		$ 0.68
Restatement Adjustment [Member]
Non-operating income (expenses)
Income tax expense (benefit)		$ (11,034)		$ (9,979)
Net income		11,034		9,979
Total comprehensive income		$ 11,034		$ 9,979
Net income per common share - basic		$ 0.15		$ 0.13
Net income per common share - diluted		$ 0.15		$ 0.13
Other Adjustments [Member]
Revenues
Business Solutions		$ 163		$ 493
Total revenues		163		493
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below		(680)		(185)
Selling, general and administrative expenses		(36)		(36)
Total operating costs and expenses		(716)		(221)
Income from operations		879		714
Non-operating income (expenses)
Income before income taxes		879		714
Net income		879		714
Total comprehensive income		$ 879		$ 714
Net income per common share - basic		$ 0.01		$ 0.01
Net income per common share - diluted		$ 0.01		$ 0.01

Property and Equipment, Net - P

Property and Equipment, Net - Property and Equipment, Net (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Buildings	$ 1,564	$ 1,606
Data processing equipment	107,969	94,523
Furniture and equipment	7,989	8,170
Leasehold improvements	3,937	3,649
Property and equipment	121,459	107,948
Less - accumulated depreciation and amortization	(85,149)	(75,244)
Depreciable assets, net	36,310	32,704
Land	1,387	1,424
Property and equipment, net	$ 37,697	$ 34,128
Buildings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	30 years
Data Processing Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Data Processing Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Furniture and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Furniture and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	20 years
Leasehold Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Leasehold Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	10 years

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense related to property and equipment	$ 3.7	$ 3.9	$ 10.5	$ 11.3

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Changes in Carrying Amount of Goodwill Allocated by Reportable Segments (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 368,133
Goodwill attributable to acquisition	4,991
Foreign currency translation adjustments	(1,739)
Goodwill, Ending Balance	371,385
Merchant Acquiring, net [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	138,121
Goodwill, Ending Balance	138,121
Payment Processing [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	183,496
Goodwill attributable to acquisition	4,991
Foreign currency translation adjustments	(1,438)
Goodwill, Ending Balance	187,049
Business Solutions [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	46,516
Foreign currency translation adjustments	(301)
Goodwill, Ending Balance	$ 46,215

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of goodwill			$ 0	$ 0
Amortization expense for intangible assets	$ 11,300,000	$ 13,000,000	$ 34,000,000	$ 38,400,000

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Carrying Amount of Other Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 594,501	$ 574,732
Accumulated amortization	(296,631)	(262,673)
Net carrying amount	297,870	312,059
Customer relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	325,384	322,632
Accumulated amortization	(135,855)	(117,963)
Net carrying amount	$ 189,529	$ 204,669
Customer relationships [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	10 years
Customer relationships [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	14 years	14 years
Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 39,950	$ 39,950
Accumulated amortization	(20,784)	(18,186)
Net carrying amount	$ 19,166	$ 21,764
Trademarks [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	10 years
Trademarks [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Software packages [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 172,628	$ 155,611
Accumulated amortization	(117,376)	(106,735)
Net carrying amount	$ 55,252	$ 48,876
Software packages [Member] | Minimum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	3 years	3 years
Software packages [Member] | Maximum [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	10 years
Non-compete agreement [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Gross amount	$ 56,539	$ 56,539
Accumulated amortization	(22,616)	(19,789)
Net carrying amount	$ 33,923	$ 36,750

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Estimated Amortization Expenses (Detail) $ in Thousands	Sep. 30, 2016USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2,016	$ 12,105
2,017	42,635
2,018	39,125
2,019	36,060
2,020	$ 33,140

Debt and Short-Term Borrowing44

Debt and Short-Term Borrowings - Total Debt (Detail) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Note payable		$ 2,900
Total debt		644,330	$ 662,699
Term A due on April 17, 2018 [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Credit facility	[1],[2]	247,032	260,324
Term B due on April 17, 2020 [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Credit facility	[2],[3]	378,498	381,723
Expiring on April 17, 2018 [Member] | Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Credit facility		16,000	17,000
Note Payable due on October 1, 2017 [Member]
Debt Instrument [Line Items]
Note payable	[2]	1,892	2,967
Note Payable due on July 1, 2017 [Member]
Debt Instrument [Line Items]
Note payable	[2]	349	$ 685
Note Payable due on April 30, 2021 [Member]
Debt Instrument [Line Items]
Note payable	[2]	$ 559
[1]	Applicable margin of 2.25% at September 30, 2016 and December 31, 2015.
[2]	Net of unaccreted discount and unamortized debt issue costs.
[3]	Subject to a minimum rate ("LIBOR floor") of 0.75% plus applicable margin of 2.50% at September 30, 2016 and December 31, 2015.

Debt and Short-Term Borrowing45

Debt and Short-Term Borrowings - Total Debt (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 30, 2016	Dec. 31, 2015
Note Payable due on October 1, 2017 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Oct. 1, 2017	Oct. 1, 2017
Note Payable due on July 1, 2017 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Jul. 31, 2017	Jul. 31, 2017
Note Payable due on April 30, 2021 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Apr. 30, 2021
Senior Secured Credit Facilities [Member] | Term A due on April 17, 2018 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Apr. 17, 2018	Apr. 17, 2018
Margin interest rate	2.25%	2.25%
Senior Secured Credit Facilities [Member] | Term B due on April 17, 2020 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Apr. 17, 2020	Apr. 17, 2020
Senior Secured Credit Facilities [Member] | Term B due on April 17, 2020 [Member] | LIBOR Floor [Member]
Debt Instrument [Line Items]
Margin interest rate	0.75%	0.75%
Senior Secured Credit Facilities [Member] | Term B due on April 17, 2020 [Member] | Applicable Margin [Member]
Debt Instrument [Line Items]
Margin interest rate	2.50%	2.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Debt, maturity date	Apr. 17, 2018
Revolving Credit Facility [Member] | Expiring on April 17, 2018 [Member]
Debt Instrument [Line Items]
Debt, maturity date	Apr. 17, 2018	Apr. 17, 2018

Debt and Short-Term Borrowing46

Debt and Short-Term Borrowings - Additional Information (Detail)	3 Months Ended	9 Months Ended
	Jun. 30, 2016USD ($)	Sep. 30, 2016USD ($)	May 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Debt Instrument [Line Items]
Maximum secured leverage ratio		6.60
Credit facility amendment fee	$ 3,600,000
Debt instrument fee percentage	0.50%
Note payable		$ 2,900,000
Non interest bearing financing agreement			$ 700,000		$ 1,100,000	$ 4,600,000
Senior Secured Term Loan A [Member]
Debt Instrument [Line Items]
Secured credit facilities		$ 249,400,000		$ 262,500,000
Debt, maturity date		Apr. 17, 2018
Senior Secured Term Loan A [Member] | Commencing On September 30, 2013 To June 2016 [Member]
Debt Instrument [Line Items]
Original principal amount		1.25%
Senior Secured Term Loan A [Member] | Commencing On September 30, 2016 To June 30, 2017 [Member]
Debt Instrument [Line Items]
Original principal amount		1.875%
Senior Secured Term Loan A [Member] | Commencing On September 30, 2017 To March 31, 2018 [Member]
Debt Instrument [Line Items]
Original principal amount		2.50%
Senior Secured Term Loan A [Member] | LIBOR Floor [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin interest rate		2.00%
Senior Secured Term Loan A [Member] | LIBOR Floor [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin interest rate		2.50%
Senior Secured Term Loan A [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin interest rate		1.00%
Senior Secured Term Loan A [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin interest rate		1.50%
Senior Secured Term Loan B [Member]
Debt Instrument [Line Items]
Secured credit facilities		$ 387,000,000		$ 390,000,000
Original principal amount		0.25%
Debt, maturity date		Apr. 17, 2020
Debt instrument description		The LIBOR Rate and Base Rate are subject to floors of 0.75% and 1.75%, respectively.
Senior Secured Term Loan B [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin interest rate		0.75%
Senior Secured Term Loan B [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin interest rate		1.75%
Senior Secured Term Loan B [Member] | LIBOR Floor [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin interest rate		2.50%
Senior Secured Term Loan B [Member] | LIBOR Floor [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin interest rate		2.75%
Senior Secured Term Loan B [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Margin interest rate		1.50%
Senior Secured Term Loan B [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Margin interest rate		1.75%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Secured credit facilities		$ 100,000,000
Debt, maturity date		Apr. 17, 2018
Revolving credit facility, outstanding balance		$ 16,000,000
Revolving Credit Facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Commitment fee for the unused portion		0.125%
Revolving Credit Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Commitment fee for the unused portion		0.375%

Debt and Short-Term Borrowing47

Debt and Short-Term Borrowings - Summary of Interest Rate Swap Transaction (Detail) - Interest Rate Swap [Member]	9 Months Ended
	Sep. 30, 2016USD ($)
Derivative [Line Items]
Effective date	2017-01
Maturity Date	2020-04
Notional Amount	$ 200,000,000
Variable Rate	1-month LIBOR
Fixed Rate	1.9225%

Debt and Short-Term Borrowing48

Debt and Short-Term Borrowings - Carrying Amount of Derivative Instruments on Company's Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Disclosure [Abstract]
Other long-term liabilities	$ 4,979	$ 515

Financial Instruments and Fai49

Financial Instruments and Fair Value Measurements - Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial liabilities:
Interest rate swap	$ 4,979	$ 515
Fair Value, Measurements, Recurring [Member] | Level 2 [Member]
Financial liabilities:
Interest rate swap	$ 4,979	$ 515

Financial Instruments and Fai50

Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values for Financial Instruments (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Financial liabilities:
Interest Rate Swap, Carrying Amount	$ 4,979	$ 515
Financial liabilities:
Interest Rate Swap, Fair Value	4,979	515
Senior Secured Term Loan A [Member]
Financial liabilities:
Senior secured term loan, Carrying Amount	247,032	260,324
Financial liabilities:
Senior secured term loan, Fair Value	246,051	250,688
Senior Secured Term Loan B [Member]
Financial liabilities:
Senior secured term loan, Carrying Amount	378,498	381,723
Financial liabilities:
Senior secured term loan, Fair Value	$ 382,646	$ 373,749

Financial Instruments and Fai51

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2016	Dec. 31, 2015
Senior Secured Term Loan A [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 249.4	$ 262.5
Senior Secured Term Loan B [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 387	$ 390

Equity - Summary of Changes in

Equity - Summary of Changes in Balances of Accumulated Other Comprehensive Income (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Foreign Currency Translation Adjustments [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance, Value	$ (7,067)
Additions	(2,620)
Ending Balance, Value	(9,687)
Cash Flow Hedge [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning Balance, Value	(515)
Additions	(4,464)
Ending Balance, Value	$ (4,979)

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses	$ 1.2	$ 1.6	$ 4.6	$ 3.7
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stock options	$ 11.4		$ 11.4
Unrecognized compensation cost, weighted average period of recognition			2 years 4 days
Time Based Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years

Share-based Compensation - Summ

Share-based Compensation - Summary of Stock Option Activity (Detail) - $ / shares	Sep. 30, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding shares	86,667	140,000
Outstanding shares, Exercisable, Ending Balance	66,667
Outstanding Weighted-Average exercise price	$ 19.86	$ 18.88
Outstanding Weighted-Average exercise price, Exercisable, Ending Balance	$ 24.01

Share-based Compensation - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Detail) - Restricted Stock Units [Member]	9 Months Ended
	Sep. 30, 2016$ / sharesshares
Nonvested restricted shares and RSUs
Nonvested shares, Beginning balance | shares	491,726
Nonvested shares, Forfeited | shares	(30,983)
Outstanding shares, Vested | shares	(149,995)
Outstanding shares, Granted | shares	858,197
Nonvested shares, Ending Balance | shares	1,168,945
Weighted-average grant date fair value
Weighted-average grant date fair value, beginning balance | $ / shares	$ 22.32
Weighted-average grant date fair value, Forfeited | $ / shares	18.81
Weighted-average grant date fair value, Vested | $ / shares	21.06
Weighted-average grant date fair value, Granted | $ / shares	12.06
Weighted-average grant date fair value, Ending balance | $ / shares	$ 15.04

Income Tax - Components of Inco

Income Tax - Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Current tax provision	$ 2,560	$ (8,920)	$ 8,774	$ (1,760)
Deferred tax benefit	(921)	(427)	(2,458)	(2,166)
Income tax expense (benefit)	$ 1,639	$ (9,347)	$ 6,316	$ (3,926)

Income Tax - Segregation of Inc

Income Tax - Segregation of Income Tax Expense Based on Location of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Current tax provision (benefit)
Current tax provision, Puerto Rico	$ 1,150	$ (9,910)	$ 4,711	$ (4,583)
Current tax provision, United States	86	118	322	419
Current tax provision, Foreign countries	1,324	872	3,741	2,404
Total current tax provision (benefit)	2,560	(8,920)	8,774	(1,760)
Deferred tax benefit
Deferred tax benefit, Puerto Rico	(558)	(169)	(1,468)	(1,509)
Deferred tax benefit, United States	(93)	(23)	(144)	(82)
Deferred tax benefit, Foreign countries	(270)	(235)	(846)	(575)
Total deferred tax benefit	$ (921)	$ (427)	$ (2,458)	$ (2,166)

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) - USD ($) $ in Millions	May 29, 2015	Sep. 30, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Deferred tax asset, gross		$ 5	$ 3.5
Deferred tax liability, gross		21.1	$ 22.4
Decrease in liability for uncertain tax position relating to net operating loss created by transaction costs		4.5
Percentage of net operating loss deduction with regular tax	80.00%
Percentage of net operating loss deduction with alternative minimum tax	70.00%
NOL carryforwards available to offset future taxable income		$ 7
Deferred tax assets realized, increase in equity, description		Equity will be increased by $4.2 million if and when such windfall tax benefits are ultimately realized. The Company uses tax law ordering when determining when windfall tax benefits have been realized.
Future realized windfall tax benefit		$ 4.2

Income Tax - Income Tax Expense

Income Tax - Income Tax Expense Differs from Computed Income Tax at Statutory Rates (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Computed income tax at statutory rates			$ 25,517	$ 22,935
Benefit of net tax-exempt interest income			(41)
Differences in tax rates due to multiple jurisdictions			(111)	(471)
Tax expense due to a change in estimate			228
Effect of income subject to tax-exemption grant			(19,139)	(16,412)
Unrecognized tax benefit			(140)	(9,978)
Other			2
Income tax expense (benefit)	$ 1,639	$ (9,347)	$ 6,316	$ (3,926)

Net Income Per Common Share - S

Net Income Per Common Share - Schedule of Reconciliation of Numerator and Denominator of Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Net income attributable to EVERTEC, Inc.		$ 19,680	$ 25,336	$ 59,063	$ 63,448
Less: non-forfeitable dividends on restricted stock		3	3	6	6
Net income available to EVERTEC, Inc.'s common shareholders		$ 19,677	$ 25,333	$ 59,057	$ 63,442
Weighted average common shares outstanding		73,872,048	77,160,514	74,506,323	77,472,673
Weighted average potential dilutive common shares	[1]	418,685	132,299	245,571	104,722
Weighted average common shares outstanding - assuming dilution		74,290,733	77,292,813	74,751,894	77,577,395
Net income per common share - basic		$ 0.27	$ 0.33	$ 0.79	$ 0.82
Net income per common share - diluted		$ 0.26	$ 0.33	$ 0.79	$ 0.82
[1]	Potential common shares consist of common stock issuable under the assumed exercise of stock options and restricted stock awards using the treasury stock method.

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - $ / shares	Jul. 28, 2016	May 11, 2016	Feb. 17, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Abstract]
Cash dividend declared per common share	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.30	$ 0.30
Common stock dividends payable, date to be paid	Sep. 2, 2016	Jun. 10, 2016	Mar. 17, 2016
Common stock dividends payable, date of record	Aug. 9, 2016	May 23, 2016	Feb. 29, 2016

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Commitments and Contingencies [Line Items]
Rent expense of office facilities and real estate	$ 2.2	$ 6.2	$ 1.9	$ 6
Rent expense for telecommunications and other equipment	1.5	$ 1.4	4.6	$ 4
Three Months [Member]
Commitments and Contingencies [Line Items]
Outstanding letters of credit	$ 0.3		$ 0.3
Maximum [Member] | Three Months [Member]
Commitments and Contingencies [Line Items]
Outstanding letters of credit, maturity term			3 months

Related Party Transactions - Tr

Related Party Transactions - Transactions with Related Parties (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Transaction [Abstract]
Total revenues	[1],[2]	$ 43,022	$ 42,104	$ 129,786	$ 126,475
Cost of revenues		381	389	1,179	1,511
Rent and other fees		2,088	1,831	6,051	5,798
Interest earned from affiliate
Interest income		$ 51	$ 59	$ 165	$ 146
[1]	Includes revenues generated from investee accounted for under the equity method of $0.5 million and $1.6 million for the three and nine months ended September 30, 2016, respectively, and $0.5 million and $1.6 million for the corresponding 2015 periods.
[2]	Total revenues from Popular as a percentage of revenues were 45% for each of the periods presented above.

Related Party Transactions - 64

Related Party Transactions - Transactions with Related Parties (Parenthetical) (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Transactions with Third Party [Line Items]
Revenues generated from investee accounted for under equity method	$ 0.5	$ 0.5	$ 1.6	$ 1.6
Popular [Member]
Transactions with Third Party [Line Items]
Total revenues from Popular	45.00%	45.00%	45.00%	45.00%

Related Party Transactions - Su

Related Party Transactions - Summary of Balances of Transactions with Related Parties (Detail) - USD ($) $ in Thousands		Sep. 30, 2016	Dec. 31, 2015
Related Party Transactions [Abstract]
Cash and restricted cash deposits in affiliated bank		$ 21,948	$ 23,872
Other due/to from affiliate
Accounts receivable		19,652	20,196
Prepaid expenses and other assets		630	867
Accounts payable	[1]	5,152	2,687
Unearned income	[2]	14,743	11,970
Other long-term liabilities		$ 0	$ 14	[1]
[1]	Includes an account payable of $32,000 and a long-term liability of $13,700 for December 31, 2015, related to the unvested portion of stock options as a result of the equitable adjustment approved by our Board of Directors on December 18, 2012 that will be payable to executive officers and employees upon vesting of stock options. As of September 30, 2016, there is no remaining liability.
[2]	Includes current and long-term unearned income.

Related Party Transactions - 66

Related Party Transactions - Summary of Balances of Transactions with Related Parties (Parenthetical) (Detail) - USD ($)		Sep. 30, 2016	Dec. 31, 2015
Transactions with Third Party [Line Items]
Accounts payable	[1]	$ 5,152,000	$ 2,687,000
Other long-term liabilities		$ 0	14,000	[1]
Unvested Stock Options [Member]
Transactions with Third Party [Line Items]
Accounts payable			32,000
Other long-term liabilities			$ 13,700
[1]	Includes an account payable of $32,000 and a long-term liability of $13,700 for December 31, 2015, related to the unvested portion of stock options as a result of the equitable adjustment approved by our Board of Directors on December 18, 2012 that will be payable to executive officers and employees upon vesting of stock options. As of September 30, 2016, there is no remaining liability.

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2016Segment
Segment Reporting [Abstract]
Number of operating business segments	3

Segment Information - Informati

Segment Information - Information about Operations by Business Segments (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment Reporting Information [Line Items]
Revenues		$ 94,467	$ 92,941	$ 287,618	$ 277,844
Income from operations		27,007	21,474	81,765	75,939
Operating Segments [Member]
Segment Reporting Information [Line Items]
Income from operations		34,461	32,483	106,732	106,798
Operating Segments [Member] | Merchant Acquiring, net [Member]
Segment Reporting Information [Line Items]
Revenues		21,970	20,784	68,137	62,041
Income from operations		6,728	8,566	23,940	27,467
Operating Segments [Member] | Payment Processing [Member]
Segment Reporting Information [Line Items]
Revenues		35,969	34,299	106,797	101,100
Income from operations		12,803	12,859	39,493	40,917
Operating Segments [Member] | Business Solutions [Member]
Segment Reporting Information [Line Items]
Revenues		44,913	44,655	136,765	135,165
Income from operations		14,930	11,058	43,299	38,414
Segment Reconciling Items [Member]
Segment Reporting Information [Line Items]
Income from operations	[1]	(7,454)	(11,009)	(24,967)	(30,859)
Other [Member]
Segment Reporting Information [Line Items]
Revenues	[2]	$ (8,385)	$ (6,797)	$ (24,081)	$ (20,462)
[1]	Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.
[2]	Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment, and other miscellaneous intersegment revenues.

Segment Information - Reconcili

Segment Information - Reconciliation of Income from Operations to Consolidated Net Income (Detail) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Segment income from operations
Income from operations		$ 27,007	$ 21,474	$ 81,765	$ 75,939
Interest expense, net		(6,189)	(5,863)	(18,026)	(18,043)
Earnings (losses) of equity method investment		43	(3)	(58)	196
Other income		489	381	1,747	1,430
Income tax (expense) benefit		(1,639)	9,347	(6,316)	3,926
Net income		19,711	25,336	59,112	63,448
Operating Segments [Member]
Segment income from operations
Income from operations		34,461	32,483	106,732	106,798
Operating Segments [Member] | Merchant Acquiring, net [Member]
Segment income from operations
Income from operations		6,728	8,566	23,940	27,467
Operating Segments [Member] | Payment Processing [Member]
Segment income from operations
Income from operations		12,803	12,859	39,493	40,917
Operating Segments [Member] | Business Solutions [Member]
Segment income from operations
Income from operations		14,930	11,058	43,299	38,414
Segment Reconciling Items [Member]
Segment income from operations
Income from operations	[1]	$ (7,454)	$ (11,009)	$ (24,967)	$ (30,859)
[1]	Primarily represents non-operating depreciation and amortization expenses generated as a result of the Merger and certain non-recurring fees and expenses.

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - $ / shares	Oct. 27, 2016	Jul. 28, 2016	May 11, 2016	Feb. 17, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Subsequent Event [Line Items]
Cash dividend declared per common share		$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.30	$ 0.30
Common stock dividends payable, date to be paid		Sep. 2, 2016	Jun. 10, 2016	Mar. 17, 2016
Common stock dividends payable, date of record		Aug. 9, 2016	May 23, 2016	Feb. 29, 2016
Subsequent Events [Member]
Subsequent Event [Line Items]
Cash dividend declared per common share	$ 0.10
Common stock dividends payable, date to be paid	Dec. 2, 2016
Common stock dividends payable, date of record	Nov. 14, 2016