EVERTEC (EVTC) 10-Q 9 Nov 17 2017 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2017	Nov. 03, 2017
Document And Entity Information [Abstract]
Entity Registrant Name	EVERTEC, Inc.
Trading Symbol	EVTC
Entity Central Index Key	1,559,865
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		72,390,103

Unaudited Consolidated Condense

Unaudited Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current Assets
Cash and cash equivalents	$ 48,440	$ 51,920
Restricted cash	10,352	8,112
Accounts receivable, net	75,959	77,803
Prepaid expenses and other assets	24,778	20,430
Total current assets	159,529	158,265
Investment in equity investee	12,832	12,252
Property and equipment, net	36,520	38,930
Goodwill	402,103	370,986
Other intangible assets, net	289,095	299,119
Deferred tax asset	1,131	805
Other long-term assets	3,757	5,305
Total assets	904,967	885,662
Current Liabilities
Accrued liabilities	40,509	34,243
Accounts payable	27,845	40,845
Unearned income	6,566	4,531
Income tax payable	4,745	1,755
Current portion of long-term debt	46,415	19,789
Short-term borrowings	33,000	28,000
Total current liabilities	159,080	129,163
Long-term debt	561,898	599,667
Deferred tax liability	14,156	14,978
Unearned income - long term	20,783	17,303
Other long-term liabilities	11,369	16,376
Total liabilities	767,286	777,487
Commitments and contingencies (Note 12)
Stockholders’ equity
Preferred stock, par value $0.01; 2,000,000 shares authorized; none issued	0	0
Common stock, par value $0.01; 206,000,000 shares authorized; 72,390,103 shares issued and outstanding at September 30, 2017 (December 31, 2016 - 72,635,032)	723	726
Additional paid-in capital	2,299	0
Accumulated earnings	143,038	116,341
Accumulated other comprehensive loss, net of tax	(12,152)	(12,391)
Total EVERTEC, Inc. stockholders’ equity	133,908	104,676
Non-controlling interest	3,773	3,499
Total equity	137,681	108,175
Total liabilities and equity	$ 904,967	$ 885,662

Unaudited Consolidated Condens3

Unaudited Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock authorized (in shares)	2,000,000	2,000,000
Preferred stock issued (in shares)	0	0
Common stock par value (in usd per share)	$ 0.01	$ 0.01
Common stock authorized (in shares)	206,000,000	206,000,000
Common stock issued (in shares)	72,390,103	72,635,032
Common stock outstanding (in shares)	72,390,103	72,635,032

Unaudited Consolidated Condens4

Unaudited Consolidated Condensed Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Merchant acquiring, net	$ 21,555	$ 21,970	$ 67,546	$ 68,137
Payment processing (from affiliates: $8,004, $7,913, $24,653 and $23,718)	34,218	27,584	95,027	82,716
Business solutions (from affiliates: $36,086, $35,109, $109,392 and $106,068)	46,952	44,913	144,943	136,765
Total revenues	102,725	94,467	307,516	287,618
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	62,699	41,753	149,902	127,127
Selling, general and administrative expenses	14,612	10,818	40,031	34,226
Depreciation and amortization	16,606	14,889	48,189	44,500
Total operating costs and expenses	93,917	67,460	238,122	205,853
Income from operations	8,808	27,007	69,394	81,765
Non-operating income (expenses)
Interest income	159	87	560	266
Interest expense	(8,012)	(6,276)	(22,454)	(18,292)
Earnings (losses) of equity method investment	155	43	413	(58)
Other income	192	489	2,829	1,747
Total non-operating expenses	(7,506)	(5,657)	(18,652)	(16,337)
Income before income taxes	1,302	21,350	50,742	65,428
Income tax (benefit) expense	(4,840)	1,639	1,248	6,316
Net income	6,142	19,711	49,494	59,112
Less: Net income attributable to non-controlling interest	40	31	274	49
Net income attributable to EVERTEC, Inc.’s common stockholders	6,102	19,680	49,220	59,063
Other comprehensive income (loss), net of tax of $2, $(6), $21 and $439
Foreign currency translation adjustments	2,083	(1,041)	(518)	(2,620)
Gain (loss) on cash flow hedge	381	83	757	(4,464)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders	$ 8,566	$ 18,722	$ 49,459	$ 51,979
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	$ 0.08	$ 0.27	$ 0.68	$ 0.79
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	0.08	0.26	0.67	0.79
Cash dividends declared per share (in usd per share)	$ 0.10	$ 0.10	$ 0.3	$ 0.3

Unaudited Consolidated Condens5

Unaudited Consolidated Condensed Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Statement [Abstract]
Payment processing revenue from affiliates	$ 8,004	$ 7,913	$ 24,653	$ 23,718
Business solutions revenue from affiliates	36,086	35,109	109,392	106,068
Other comprehensive income, income tax (benefit) expense expense	$ 2	$ (6)	$ 21	$ 439

Unaudited Consolidated Condens6

Unaudited Consolidated Condensed Statement of Changes in Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss	Non-Controlling Interest
Changes in Stockholders’ Equity
Cumulative adjustment from implementation of ASU 2016-09 | Accounting Standards Update 2016-09	$ 4,203			$ 4,203
Beginning balance (in shares) at Dec. 31, 2016	72,635,032	72,635,032
Beginning balance at Dec. 31, 2016	$ 108,175	$ 726	$ 0	116,341	$ (12,391)	$ 3,499
Changes in Stockholders’ Equity
Share-based compensation recognized	6,579		6,579
Repurchase of common stock (in shares)		(465,240)
Repurchase of common stock	(7,671)	$ (5)	(2,702)	(4,964)
Restricted stock units delivered, net of cashless (in shares)		220,311
Restricted stock units delivered, net of cashless	(1,576)	$ 2	(1,578)
Net income	49,494			49,220		274
Cash dividends declared on common stock	(21,762)			(21,762)
Other comprehensive loss	$ 239				239
Ending balance (in shares) at Sep. 30, 2017	72,390,103	72,390,103
Ending balance at Sep. 30, 2017	$ 137,681	$ 723	$ 2,299	$ 143,038	$ (12,152)	$ 3,773

Unaudited Consolidated Condens7

Unaudited Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Cash flows from operating activities
Net income	$ 49,494	$ 59,112
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	48,189	44,500
Amortization of debt issue costs and accretion of discount	3,828	2,965
Provision for doubtful accounts and sundry losses	452	1,525
Deferred tax benefit	(6,338)	(2,458)
Share-based compensation	6,579	4,569
Loss on impairment of software	6,473	0
Loss on disposition of property and equipment and other intangibles	229	112
(Earnings) losses of equity method investment	(413)	58
Decrease (increase) in assets
Accounts receivable, net	5,446	7,358
Prepaid expenses and other assets	(3,813)	(3,623)
Other long-term assets	1,447	(1,163)
(Decrease) increase in liabilities
Accounts payable and accrued liabilities	(9,127)	3,686
Income tax payable	2,990	1,501
Unearned income	4,570	6,541
Other long-term liabilities	(1,571)	(82)
Total adjustments	58,941	65,489
Net cash provided by operating activities	108,435	124,601
Cash flows from investing activities
Net (increase) decrease in restricted cash	(2,240)	3,536
Additions to software	(15,955)	(17,469)
Acquisitions, net of cash acquired	(42,836)	(5,947)
Property and equipment acquired	(8,285)	(14,016)
Proceeds from sales of property and equipment	30	44
Net cash used in investing activities	(69,286)	(33,852)
Cash flows from financing activities
Statutory withholding taxes paid on share-based compensation	(1,576)	(522)
Net increase (decrease) in short-term borrowings	5,000	(1,000)
Repayment of short-term borrowing for purchase of equipment and software	(1,872)	(1,209)
Dividends paid	(21,762)	(22,372)
Credit amendment fees	0	(3,587)
Repurchase of common stock	(7,671)	(29,696)
Repayment of long-term debt	(14,748)	(16,125)
Net cash used in financing activities	(42,629)	(74,511)
Net (decrease) increase in cash	(3,480)	16,238
Cash at beginning of the period	51,920	28,747
Cash at end of the period	48,440	44,985
Supplemental disclosure of cash flow information
Cash paid for interest	18,991	12,014
Cash paid for income taxes	7,493	4,855
Supplemental disclosure of non-cash activities
Foreign currency translation adjustments	(518)	(2,620)
Payable due to vendor related to software acquired	$ 1,420	$ 2,800

The Company and Basis of Presen

The Company and Basis of Presentation	9 Months Ended
	Sep. 30, 2017
Accounting Policies [Abstract]
The Company and Basis of Presentation	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. As of September 30, 2017, with the completion of the acquisition of 100% of the share capital of EFT Group S.A., a Chilean-based payment processing and software company known commercially as PayGroup (“PayGroup”) on July 3, 2017, the Company provides services across 26 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, 2016 , included in the Company’s 2016 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. Intercompany accounts and transactions are eliminated in consolidation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	9 Months Ended
	Sep. 30, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently issued accounting pronouncements The Financial Accounting Standards Board ("FASB") has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In August 2017, the FASB issued updated guidance to improve accounting for hedging activities. The amendments in this update better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The amendments in this update require an entity to present the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported and also include certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted in any interim period after issuance of the update. All transition requirements and elections should be applied to hedging relationships existing (that is, hedging relationships in which the hedging instrument has not expired, been sold, terminated, or exercised or the entity has not removed the designation of the hedging relationship) on the date of adoption. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption (that is, the initial application date). The Company is currently evaluating the impact the adoption of this guidance will have on its financial statements. Accounting pronouncements issued prior to 2017 and not yet adopted During 2014, the FASB issued new guidance for revenue from contracts with customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and also includes changes in the accounting for customer contract acquisition costs and fulfillment costs. During 2016, the FASB issued several additional updates that amended the proposed guidance. These new standards will replace most existing revenue recognition guidance in GAAP, and are effective for public reporting companies for interim and annual periods beginning after December 15, 2017. The standards permit two methods of adoption: retrospectively to each prior reporting period presented (the full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective transition method). Management has determined to apply the new standards retrospectively with the cumulative effect recognized at the date of initial application, January 1, 2018. Management is continuing to evaluate the potential impact this new guidance will have on the Company’s financial statements. Management is continuing its preliminary quantitative impact analysis and has completed detailed contract reviews in order to determine the new standards impact on the Company’s consolidated results of operations and financial condition. Based on work completed at this time, Management believes the new standard may have potential impacts in the following areas: - Under current policies, upfront activities (such as setup activities) are not generally analyzed to determine whether they have standalone value because the contingent revenue cap under the existing revenue guidance would prohibit allocation of hosting revenue to that upfront activity. Under the new standards, the contingent revenue cap no longer exists, so certain upfront activities included in the implementation process will need to be evaluated to determine whether they qualify as separate units of accounting. If they are separate units of accounting, then revenue would be allocated to the upfront activity, recognized as those activities are performed, rather than over the hosting period. - Where the Company charges upfront fees for implementation or set-up activities, including fees charged in preproduction periods, the period over which these fees will be recognized may in some cases be shorter than our current practice. - Revenue for certain professional services that are recognized upon completion of the services are being evaluated under the new standards to determine where revenue should be recognized over time. - Required enhancements to current disclosures around revenue recognition. Given that the quantitative impact analysis is still preliminary and in process, Management is not yet able to estimate the impact that adoption is expected to have on the Company’s consolidated results of operations and financial condition at this time. The Company continues to implement appropriate changes to its business processes, systems and controls to support recognition and disclosures under the new standard. Significant activities that are in process are the calculation of the transition adjustment, drafting and approval of new accounting policies and the implementation of new processes, controls and systems to accommodate the new policies and to compile the information for the enhanced disclosures under the new standards. The implementation process is ongoing and Management expects to be in a position to report under the new accounting standard upon adoption in the first quarter of 2018. During 2016, the FASB issued updated guidance for financial reporting about leasing transactions. The amendments in this update require a lessee to recognize assets and liabilities for leases with lease terms of more than 12 months. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. In addition, the update requires that both financing and operating leases be recognized on the balance sheet. The guidance also requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The Company expects to adopt this guidance in the period required by the update and continues to evaluate the impact that this update will have on its consolidated financial statements. During 2016, the FASB issued updated guidance for the measurement of credit losses on financial instruments. The amendments in this update require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset or assets to present the net carrying value at the amount expected to be collected on the financial asset. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements. During 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 Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements. During 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 FASB 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. The Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements.

Business Combination (Notes)

Business Combination (Notes)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Business Combination	Business Combination On July 3, 2017, EVERTEC’s main operating subsidiary, EVERTEC Group, and EVERTEC Panama, S.A. ("EVERTEC Panama") closed on the direct and indirect acquisition of 100% of the share capital of PayGroup, by entering into a share purchase agreement ( Contrato de Compraventa de Acciones ), by and among EVERTEC Group, EVERTEC Panama, Fondo de Inversión Privado Mater, Inversiones San Bernardo SpA, Asesorías e Inversiones Supernova SpA, Inversiones y Asesorías Bayona Limitada, Inversiones Hagerdorn y Morales Limitada, Christian Hagedorn Hitschfeld and Inversiones Vaimaca Limitada. The PayGroup acquisition expands the Company's presence in Latin America to eight new countries and increases the Company's payment solutions offerings. During the third quarter of 2017, EVERTEC Panama ceased being a shareholder in PayGroup and EVERTEC Group became 100% owner of PayGroup. The Company accounted for this transaction as a business combination. The following table details the preliminary fair value of assets acquired and liabilities assumed from the PayGroup acquisition: (In thousands) Assets/Liabilities (at fair value) Cash and cash equivalents $ 1,834 Accounts Receivable 3,778 Prepaid expenses and other assets 535 Property and equipment 1,082 Long-term deferred tax asset 3,903 Goodwill 29,486 Other intangible assets 18,260 Other long-term assets 499 Total assets acquired 59,377 Accrued liabilities 2,092 Accounts payable 1,965 Unearned income 946 Long-term debt 1,141 Long-term deferred tax liability 7,448 Other long-term liabilities 1,115 Total liabilities assumed $ 14,707 The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets: (Dollar amounts in thousands) Amount Weighted Average Life Customer Relationships $ 8,380 15 Trademark or tradenames 1,760 14 Software packages 8,120 10 Total $ 18,260 15 Refer to Note 5 Goodwill and Other Intangible Assets for detail of goodwill allocated by reportable segments. The goodwill is primarily attributed to increased synergies. None of the goodwill is deductible for income tax purposes. Revenues and earnings from the PayGroup acquisition were insignificant for both the three and nine months ended September 30, 2017 . Pro forma results of operations have not been presented because the effect of this business combination is not material to the consolidated financial condition and results of operations.

Property and Equipment, net

Property and Equipment, net	9 Months Ended
	Sep. 30, 2017
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and Equipment, net Property and equipment, net consists of the following: (Dollar amounts in thousands) Useful life September 30, 2017 December 31, 2016 Buildings 30 $ 1,526 $ 1,559 Data processing equipment 3 - 5 110,646 105,052 Furniture and equipment 3 - 20 6,114 7,311 Leasehold improvements 5 -10 3,184 3,057 121,470 116,979 Less - accumulated depreciation and amortization (86,283 ) (79,431 ) Depreciable assets, net 35,187 37,548 Land 1,333 1,382 Property and equipment, net $ 36,520 $ 38,930 Depreciation and amortization expense related to property and equipment for the three and nine months ended September 30, 2017 amounted to $3.8 million and $11.2 million , compared to $3.7 million and $10.5 million for the same period in 2016 .

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	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, 2016 $ 138,121 $ 186,688 $ 46,177 $ 370,986 Adjustment to goodwill from prior year acquisition — 1,099 — 1,099 Goodwill attributable to acquisition — 29,486 — 29,486 Foreign currency translation adjustments — 922 (390 ) 532 Balance at September 30, 2017 $ 138,121 $ 218,195 $ 45,787 $ 402,103 Goodwill is tested for impairment on an annual basis, or more often if events or changes in circumstances indicate there may be impairment. For 2017, the Company used the qualitative assessment option or step zero process. Using this process, the Company first assessed whether it was “more likely than not” that the fair value of a reporting unit was less than its carrying amount. The Company conducted a qualitative assessment of each reporting unit’s fair value, or step zero process, as of August 31, 2017. As part of the Company’s qualitative assessment, Management considered the results of the Company’s 2015 impairment test as well as current market conditions and changes in the carrying amount of the Company’s reporting units that occurred subsequent to the 2015 impairment test. Based on the results of this qualitative assessment, EVERTEC believes the fair value of goodwill for each of the Company’s reporting units continues to exceed their respective carrying amounts and concluded that it was not necessary to conduct the two-step goodwill impairment test. In September 2017, subsequent to the annual impairment test, Puerto Rico and the Caribbean were hit by hurricanes Irma and Maria, significantly damaging the islands’ infrastructure and communications networks, affecting the ability to transact electronically. As a result, revenues from the Company’s Merchant Acquiring segment and Payment Processing segment were impacted. Given the severity of the hurricanes, Management analyzed the effects of the event subsequent to its August 31, 2017 analysis and concluded that there were no changes as a result of the hurricanes that would more likely than not reduce the fair value of a reporting unit below its carrying amount and that the fair value of goodwill for each of the Company’s reporting units continues to exceed their respective carrying amounts. No impairment losses were recognized for the nine months ended September 30, 2017 or 2016 . The carrying amount of other intangible assets at September 30, 2017 and December 31, 2016 was as follows: September 30, 2017 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 15 $ 343,228 $ (161,467 ) $ 181,761 Trademark 1 - 15 41,684 (24,249 ) 17,435 Software packages 3 -10 192,711 (132,966 ) 59,745 Non-compete agreement 15 56,539 (26,385 ) 30,154 Other intangible assets, net $ 634,162 $ (345,067 ) $ 289,095 December 31, 2016 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 334,455 $ (141,829 ) $ 192,626 Trademark 10 - 15 39,950 (21,650 ) 18,300 Software packages 3 - 10 176,267 (121,055 ) 55,212 Non-compete agreement 15 56,539 (23,558 ) 32,981 Other intangible assets, net $ 607,211 $ (308,092 ) $ 299,119 For the three and nine months ended September 30, 2017 , the Company recorded amortization expense related to other intangibles of $12.7 million and $36.9 million , respectively, compared to $11.3 million and $34.0 million for the corresponding 2016 periods. During the third quarter of 2017, the Company recognized an impairment charge of $6.5 million through cost of revenues for a third party software solution that is no longer commercially viable. In connection with this exit activity, the Company accrued $5.3 million for ongoing contractual fees, also through cost of revenues and recognized maintenance expense of $1.0 million . Both the liability and the impairment charge affected the Company's Merchant Acquiring segment and Payment Processing segment. The estimated amortization expense of the balances outstanding at September 30, 2017 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2017 $ 13,690 2018 45,463 2019 41,736 2020 36,606 2021 33,082

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Debt and Short-Term Borrowings Total debt at September 30, 2017 and December 31, 2016 follows: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Senior Secured Credit Facility (2018 Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin (1)(3) ) $ 27,293 $ 28,721 Senior Secured Credit Facility (2020 Term A) due on January 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(4) ) 203,656 212,661 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (2)(3) ) 376,804 378,074 Senior Secured Revolving Credit Facility (6) 33,000 28,000 Note Payable due on October 1, 2017 (3) 389 1,524 Note Payable due on July 31, 2017 (3) — 357 Note Payable due on August 31, 2019 (5) 584 890 Note Payable due on April 30, 2021 (3) 447 532 Total debt $ 642,173 $ 650,759 (1) Applicable margin of 2.25% at September 30, 2017 and December 31, 2016 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at September 30, 2017 and December 31, 2016 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at September 30, 2017 and December 31, 2016 . (5) Fixed interest rate of 7.50% . (6) Applicable margin of 2.50% at September 30, 2017 and December 31, 2016 . Senior Secured Credit Facilities On April 17, 2013, EVERTEC Group entered into a credit agreement (the “2013 Credit Agreement”) governing the senior secured credit facilities, consisting of a $300.0 million term loan A facility (the “Term A Loan”), a $400.0 million term loan B facility (the “Term B Loan”, together with the Term A Loan, the “Senior Secured term loans”) and a $100.0 million revolving credit facility (the "Revolving Facility"). During 2016, the Company entered into two separate amendments to the 2013 Credit Agreement. In the second quarter of 2016, EVERTEC Group, together with certain other direct and indirect subsidiaries of the Company, entered into a second amendment and waiver to the outstanding 2013 Credit Agreement (the “Second Amendment”). In the fourth quarter of 2016, EVERTEC Group, together with certain other direct and indirect subsidiaries of the Company, entered into a third amendment (the “Third Amendment”) to the 2013 Credit Agreement. The Third Amendment extends the maturity of (a) approximately $219 million of EVERTEC Group’s existing approximately $250 million of Term A loan facility to January 17, 2020 (the “2020 Term A Loan”) and (b) $65 million of EVERTEC Group’s existing $100 million of Revolving Facility to January 17, 2020. The remaining approximately $30 million of Term A loan (the “2018 Term A Loan”) and the $35 million of Revolving Facility that were not extended will remain in place and mature as originally scheduled on April 17, 2018. The Term B Loan will remain in place and mature as originally scheduled on April 17, 2020. The unpaid principal balance at September 30, 2017 of the 2018 Term A Loan, the 2020 Term A Loan and the Term B Loan was $27.6 million , $206.2 million and $383.0 million , respectively. The additional borrowing capacity for the Revolving Facility at September 30, 2017 was $67.0 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, and in October 2016 entered into an interest bearing agreement of $1.1 million , to purchase software. As of September 30, 2017 and December 31, 2016 , the outstanding principal balance of the notes payable is $1.5 million and $3.4 million , respectively. 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, 2017 , the Company has the following interest rate swap agreement converting a portion of the interest rate exposure on the Company's 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 instrument is determined using a standard valuation model. The significant inputs used in this model are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2 within the fair value hierarchy. Inputs used in this standard valuation model for derivative instruments include the applicable forward rates and discount rates. The discount rates are based on the historical LIBOR Swap rates. As of September 30, 2017 and December 31, 2016 , the carrying amount of the derivative on the Company’s balance sheets is as follows: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Other long-term liabilities $ 1,207 $ 1,964 During the three and nine months ended September 30, 2017 , the Company reclassified losses of $0.4 million and $1.3 million respectively, from accumulated other comprehensive loss into income through interest expense. Based on current LIBOR rates, the Company expects to reclassify $1.4 million from accumulated other comprehensive loss into income through interest expense over the next 12 months. Refer to Note 7 for tabular disclosure of the fair value of derivatives and to Note 8 for tabular disclosure of gains recorded on cash flow hedging activities. 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, 2017
Fair Value Disclosures [Abstract]
Financial Instruments and Fair Value Measurements	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. These provisions describe three levels of input that may be used to measure fair value: Level 1 : Inputs are unadjusted, quoted prices for identical assets or liabilities in an active market at the measurement date. Level 2 : Inputs, other than quoted prices included in Level 1, which are observable for the asset or liability through corroboration with market data at the measurement date. Level 3 : Unobservable inputs that reflect management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. 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 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 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. The following table summarizes the fair value measurement by level at September 30, 2017 and December 31, 2016 for the liability measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total September 30, 2017 Financial liability: Interest rate swap $ — $ 1,207 $ — $ 1,207 December 31, 2016 Financial liability: Interest rate swap $ — $ 1,964 $ — $ 1,964 The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at September 30, 2017 and December 31, 2016 : September 30, 2017 December 31, 2016 (Dollar amounts in thousands) Carrying Fair Carrying Fair Financial liabilities: Interest rate swap $ 1,207 $ 1,207 $ 1,964 $ 1,964 Senior Secured Term B Loan 376,804 355,233 378,074 383,491 2018 Term A Loan 27,293 27,450 28,721 29,268 2020 Term A Loan 203,656 204,747 212,661 213,872 The fair value of the term loans at September 30, 2017 and December 31, 2016 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 the 2018 Term A Loan as of September 30, 2017 and December 31, 2016 was $27.6 million and $29.5 million , respectively, and the unpaid principal balance of the 2020 Term A Loan was $206.2 million and $216.0 million for the same periods, respectively. The unpaid principal balance of the Term B Loan was $383.0 million and $386.0 million as of September 30, 2017 and December 31, 2016 , 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, 2017
Equity [Abstract]
Equity	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 months period ended September 30, 2017 : (Dollar amounts in thousands) Foreign Currency Cash Flow Hedge Total Balance - December 31, 2016 $ (10,427 ) $ (1,964 ) $ (12,391 ) Other comprehensive loss before reclassifications (518 ) (514 ) (1,032 ) Effective portion reclassified to Net Income — 1,271 1,271 Balance - September 30, 2017, net of tax $ (10,945 ) $ (1,207 ) $ (12,152 )

Share-based Compensation

Share-based Compensation	9 Months Ended
	Sep. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation	Share-based Compensation Long-term Incentive Plan ("LTIP") In the first quarter of 2015, 2016 and 2017, the Compensation Committee of the Board of Directors approved grants of restricted stock units (“RSUs”) to executives and certain employees pursuant to the 2015 LTIP, 2016 LTIP and 2017 LTIP, respectively, all under the terms of our 2013 Equity Incentive Plan. Under the LTIPs, 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 1 of each year for the 2015 LTIP, on February 19 of each year for the 2016 LTIP and on February 24 of each year for the 2017 LTIP. Employees that received awards with market conditions under the 2015 and 2016 LTIPs 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 Cumulative Annual Growth Rate (“CAGR”) of Diluted EPS target over three years is achieved for the 2015 LTIP. For the 2016 LTIP, the CAGR EPS RSUs was based on the Company’s actual one -year diluted EPS measured over the period commencing on January 1, 2016 and ending on December 31, 2016, relative to the goals set by the Compensation Committee. The shares earned according to the plan are further subject to a two -year service vesting period. For the performance-based awards under the 2017 LTIP, the Compensation Committee established Adjusted EBITDA as the primary performance measure while maintaining focus on total shareholder return through the use of a market-based TSR performance modifier. The TSR modifier adjusts the shares earned based on the core Adjusted EBITDA performance upwards or downwards (+/- 25% ) based on the Company’s relative TSR at the end of the three -year performance period as compared to the companies in the Russell 2000 Index. The Adjusted EBITDA performance measure will be calculated for the one -year period commencing on January 1, 2017 and ending on December 31, 2017, relative to the goals set by the Compensation Committee for this same period. The shares earned will be subject to a further two -year service vesting period. Performance and market-based awards vest at the end of the performance period that commenced on January 1, 2015 for the 2015 LTIP, February 19, 2016 for the 2016 LTIP and February 24, 2017 for the 2017 LTIP. The periods end respectively on January 1, 2018 for the 2015 LTIP, February 19, 2019 for the 2016 LTIP and February 24, 2020 for the 2017 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, 2017 : Shares Weighted-Average Outstanding December 31, 2016 20,000 $ 6.04 Outstanding September 30, 2017 — $ — Exercisable at September 30, 2017 — $ — 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, 2017 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2016 1,212,364 $ 14.88 Forfeited 139,017 16.05 Vested 310,005 15.26 Granted 699,266 17.85 Nonvested at September 30, 2017 1,462,608 $ 16.10 For the three and nine months ended September 30, 2017 and 2016 , the Company recognized $2.4 million and $6.6 million , and $1.2 million and $3.7 million of share-based compensation expense, respectively. As of September 30, 2017 , the maximum unrecognized cost for restricted stock and RSU’s was $14.3 million . The cost is expected to be recognized over a weighted average period of 1.88 years.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The components of income tax expense (benefit) for the three and nine months ended September 30, 2017 and 2016 , respectively, consisted of the following: Three months ended Nine months ended (Dollar amounts in thousands) 2017 2016 2017 2016 Current tax (benefit) provision $ (301 ) $ 2,560 $ 7,586 $ 8,774 Deferred tax benefit (4,539 ) (921 ) (6,338 ) (2,458 ) Income tax (benefit) expense $ (4,840 ) $ 1,639 $ 1,248 $ 6,316 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, 2017 and 2016 , respectively, and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Current tax (benefit) provision Puerto Rico $ (1,440 ) $ 1,150 $ 3,420 $ 4,711 United States (10 ) 86 190 322 Foreign countries 1,149 1,324 3,976 3,741 Total current tax (benefit) provision $ (301 ) $ 2,560 $ 7,586 $ 8,774 Deferred tax benefit Puerto Rico $ (4,098 ) $ (558 ) $ (5,150 ) $ (1,468 ) United States (107 ) (93 ) (190 ) (144 ) Foreign countries (334 ) (270 ) (998 ) (846 ) Total deferred tax benefit $ (4,539 ) $ (921 ) $ (6,338 ) $ (2,458 ) 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, 2017 , the Company has $32.1 million of unremitted earnings from foreign subsidiaries. The Company has not recognized a deferred tax liability on undistributed earnings for the Company’s foreign subsidiaries because these earnings are intended to be indefinitely reinvested. On June 27, 2017 the Company received a one-time repatriation of cash from a foreign subsidiary of $8.9 million to partially fund the acquisition of PayGroup. This distribution was subject to withholding at source of 15% in the country of origin and accordingly the Company recognized current income tax expense of $1.3 million . No income tax expense was recorded in the country that received the distribution because of the availability to credit foreign taxes paid both at the corporate level and the withholding at source on the distribution. The Company believes that this one time repatriation of existing funds from a foreign subsidiary does not prohibit applying the indefinite reinvestment exception to the remaining undistributed earnings because Management has sufficient evidence of specific plans to continue reinvesting the foreign subsidiary’s undistributed earnings. As of September 30, 2017 , the gross deferred tax asset amounted to $7.1 million and the gross deferred tax liability amounted to $20.1 million , compared to $5.0 million and $19.2 million as of December 31, 2016 . During the third quarter of 2017, the Company decreased a previously recorded potential liability for uncertain tax positions by $4.5 million , as a result of the expiration of the statute of limitation. Pursuant to the applicable 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 enacted on May 29, 2015, limited the amount of a NOL deduction to 80% for regular tax and 70% for alternative minimum tax. At September 30, 2017 , the Company has $1.5 million in NOL carryforwards for tax purposes available to offset future taxable income. 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 months period ended September 30, (Dollar amounts in thousands) 2017 2016 Computed income tax at statutory rates $ 19,790 $ 25,517 Benefit of net tax-exempt interest income — (41 ) Differences in tax rates due to multiple jurisdictions 2,237 (111 ) Tax (benefit) expense due to a change in estimate (334 ) 228 Effect of income subject to tax-exemption grant (16,421 ) (19,139 ) Unrecognized tax benefit (4,271 ) (140 ) Other 247 2 Income tax expense $ 1,248 $ 6,316

Net Income Per Common Share

Net Income Per Common Share	9 Months Ended
	Sep. 30, 2017
Earnings Per Share [Abstract]
Net Income Per Common Share	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) 2017 2016 2017 2016 Net income attributable to EVERTEC, Inc. $ 6,102 $ 19,680 $ 49,220 $ 59,063 Less: non-forfeitable dividends on restricted stock 4 3 7 6 Net income available to EVERTEC, Inc.’s common shareholders $ 6,098 $ 19,677 $ 49,213 $ 59,057 Weighted average common shares outstanding 72,386,947 73,872,048 72,509,742 74,506,323 Weighted average potential dilutive common shares (1) 706,771 418,685 580,270 245,571 Weighted average common shares outstanding - assuming dilution 73,093,718 74,290,733 73,090,012 74,751,894 Net income per common share - basic $ 0.08 $ 0.27 $ 0.68 $ 0.79 Net income per common share - diluted $ 0.08 $ 0.26 $ 0.67 $ 0.79 (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, 2017 , the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on March 20, 2017 to stockholders of record as of the close of business on March 1, 2017 . On April 27, 2017 , the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on June 9, 2017 to stockholders of record as of the close of business on May 8, 2017 . On July 25, 2017 , the Board declared a quarterly cash dividend of $0.10 per share of common stock, which was paid on September 8, 2017 to stockholders of record as of the close of business on August 7, 2017 .

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	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 the three and nine months ended September 30, 2017 and 2016 amounted $2.1 million and $6.1 million , and $2.2 million and $6.2 million , respectively. Rent expense for telecommunications and other equipment for the three and nine months ended September 30, 2017 and 2016 amounted to $1.5 million and $4.5 million , and $1.5 million and $4.6 million , respectively. 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 proceedings that 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, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The following table presents the Company’s transactions with related parties for the three and nine months ended September 30, 2017 and 2016 : Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Total revenues (1)(2) $ 44,090 $ 43,022 $ 134,045 $ 129,786 Cost of revenues $ 1,775 $ 381 $ 2,610 $ 1,179 Rent and other fees $ 1,962 $ 2,088 $ 5,810 $ 6,051 Interest earned from affiliate Interest income $ 41 $ 51 $ 119 $ 165 (1) Total revenues from Popular as a percentage of revenues were 42% , 45% , 43% and 45% for the periods presented above, respectively. (2) Includes revenues generated from investee accounted for under the equity method of $0.4 million and $1.5 million , and $0.5 million and $1.6 million for the three and nine months ended September 30, 2017 , and 2016 , respectively. At September 30, 2017 and December 31, 2016 , EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Cash and restricted cash deposits in affiliated bank $ 21,810 $ 15,918 Other due/to from affiliate Accounts receivable $ 18,540 $ 21,461 Prepaid expenses and other assets $ 647 $ 699 Other long-term assets $ 343 $ 554 Accounts payable $ 4,551 $ 6,300 Unearned income $ 17,657 $ 14,383

Segment Information

Segment Information	9 Months Ended
	Sep. 30, 2017
Segment Reporting [Abstract]
Segment Information	Segment Information During the periods presented, the Company operated its business in the segments described below. As a result of the acquisition of PayGroup discussed in Note 3, the Chief Operating Decision Maker (“CODM”) continues to evaluate the current structure of the Company and the information that he regularly reviews for purposes of allocating resources and assessing performance. The Company’s reportable segments will be re-evaluated for any changes that occur as a result of the CODM's evaluation. 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 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, 2017 Revenues $ 21,555 $ 41,980 $ 46,952 $ (7,762 ) (1) $ 102,725 (Loss) income from operations (656 ) 8,094 8,506 (7,136 ) (2) 8,808 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 (Dollar amounts in thousands) Merchant Payment Business Other Total Nine months ended September 30, 2017 Revenues $ 67,546 $ 120,189 $ 144,943 $ (25,162 ) (1) $ 307,516 Income from operations 13,444 41,893 35,678 (21,621 ) (2) 69,394 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 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment for the cost of transaction processing on merchant acquiring transactions, 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, 2017 and 2016 is as follows: Three months ended Nine months ended (Dollar amounts in thousands) 2017 2016 2017 2016 Segment income from operations Merchant Acquiring $ (656 ) $ 6,728 $ 13,444 $ 23,940 Payment Processing 8,094 12,803 41,893 39,493 Business Solutions 8,506 14,930 35,678 43,299 Total segment income from operations 15,944 34,461 91,015 106,732 Merger related depreciation and amortization and other unallocated expenses (1) (7,136 ) (7,454 ) (21,621 ) (24,967 ) Income from operations 8,808 27,007 69,394 81,765 Interest expense, net (7,853 ) (6,189 ) (21,894 ) (18,026 ) Earnings (losses) of equity method investment 155 43 413 (58 ) Other income 192 489 2,829 1,747 Income tax expense 4,840 (1,639 ) (1,248 ) (6,316 ) Net income $ 6,142 $ 19,711 $ 49,494 $ 59,112 (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, 2017
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 2, 2017 , the Company’s Board of Directors agreed to extend the Company's current stock repurchase program to December 31, 2020.

The Company and Basis of Pres23

The Company and Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2017
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. As of September 30, 2017, with the completion of the acquisition of 100% of the share capital of EFT Group S.A., a Chilean-based payment processing and software company known commercially as PayGroup (“PayGroup”) on July 3, 2017, the Company provides services across 26 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, 2016 , included in the Company’s 2016 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. Intercompany accounts and transactions are eliminated in consolidation.
Recent Accounting Pronouncements	Recently issued accounting pronouncements The Financial Accounting Standards Board ("FASB") has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In August 2017, the FASB issued updated guidance to improve accounting for hedging activities. The amendments in this update better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. To meet that objective, the amendments expand and refine hedge accounting for both nonfinancial and financial risk components and align the recognition and presentation of the effects of the hedging instrument and the hedged item in the financial statements. The amendments in this update require an entity to present the earnings effect of the hedging instrument in the same income statement line item in which the earnings effect of the hedged item is reported and also include certain targeted improvements to ease the application of current guidance related to the assessment of hedge effectiveness. The amendments in this Update are effective for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. Early application is permitted in any interim period after issuance of the update. All transition requirements and elections should be applied to hedging relationships existing (that is, hedging relationships in which the hedging instrument has not expired, been sold, terminated, or exercised or the entity has not removed the designation of the hedging relationship) on the date of adoption. The effect of adoption should be reflected as of the beginning of the fiscal year of adoption (that is, the initial application date). The Company is currently evaluating the impact the adoption of this guidance will have on its financial statements. Accounting pronouncements issued prior to 2017 and not yet adopted During 2014, the FASB issued new guidance for revenue from contracts with customers, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers and also includes changes in the accounting for customer contract acquisition costs and fulfillment costs. During 2016, the FASB issued several additional updates that amended the proposed guidance. These new standards will replace most existing revenue recognition guidance in GAAP, and are effective for public reporting companies for interim and annual periods beginning after December 15, 2017. The standards permit two methods of adoption: retrospectively to each prior reporting period presented (the full retrospective method), or retrospectively with the cumulative effect of initially applying the guidance recognized at the date of initial application (the modified retrospective transition method). Management has determined to apply the new standards retrospectively with the cumulative effect recognized at the date of initial application, January 1, 2018. Management is continuing to evaluate the potential impact this new guidance will have on the Company’s financial statements. Management is continuing its preliminary quantitative impact analysis and has completed detailed contract reviews in order to determine the new standards impact on the Company’s consolidated results of operations and financial condition. Based on work completed at this time, Management believes the new standard may have potential impacts in the following areas: - Under current policies, upfront activities (such as setup activities) are not generally analyzed to determine whether they have standalone value because the contingent revenue cap under the existing revenue guidance would prohibit allocation of hosting revenue to that upfront activity. Under the new standards, the contingent revenue cap no longer exists, so certain upfront activities included in the implementation process will need to be evaluated to determine whether they qualify as separate units of accounting. If they are separate units of accounting, then revenue would be allocated to the upfront activity, recognized as those activities are performed, rather than over the hosting period. - Where the Company charges upfront fees for implementation or set-up activities, including fees charged in preproduction periods, the period over which these fees will be recognized may in some cases be shorter than our current practice. - Revenue for certain professional services that are recognized upon completion of the services are being evaluated under the new standards to determine where revenue should be recognized over time. - Required enhancements to current disclosures around revenue recognition. Given that the quantitative impact analysis is still preliminary and in process, Management is not yet able to estimate the impact that adoption is expected to have on the Company’s consolidated results of operations and financial condition at this time. The Company continues to implement appropriate changes to its business processes, systems and controls to support recognition and disclosures under the new standard. Significant activities that are in process are the calculation of the transition adjustment, drafting and approval of new accounting policies and the implementation of new processes, controls and systems to accommodate the new policies and to compile the information for the enhanced disclosures under the new standards. The implementation process is ongoing and Management expects to be in a position to report under the new accounting standard upon adoption in the first quarter of 2018. During 2016, the FASB issued updated guidance for financial reporting about leasing transactions. The amendments in this update require a lessee to recognize assets and liabilities for leases with lease terms of more than 12 months. The recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. In addition, the update requires that both financing and operating leases be recognized on the balance sheet. The guidance also requires disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements, providing additional information about the amounts recorded in the financial statements. The Company expects to adopt this guidance in the period required by the update and continues to evaluate the impact that this update will have on its consolidated financial statements. During 2016, the FASB issued updated guidance for the measurement of credit losses on financial instruments. The amendments in this update require a financial asset (or a group of financial assets) measured at amortized cost basis to be presented at the net amount expected to be collected. The allowance for credit losses is a valuation account that is deducted from the amortized cost basis of the financial asset or assets to present the net carrying value at the amount expected to be collected on the financial asset. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectibility of the reported amount. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. The Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements. During 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 Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements. During 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 FASB 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. The Company expects to adopt this guidance in the fiscal period required by this update and continues to evaluate if the adoption will have an impact on the consolidated financial statements.

Business Combination (Tables)

Business Combination (Tables)	9 Months Ended
	Sep. 30, 2017
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition	The following table details the preliminary fair value of assets acquired and liabilities assumed from the PayGroup acquisition: (In thousands) Assets/Liabilities (at fair value) Cash and cash equivalents $ 1,834 Accounts Receivable 3,778 Prepaid expenses and other assets 535 Property and equipment 1,082 Long-term deferred tax asset 3,903 Goodwill 29,486 Other intangible assets 18,260 Other long-term assets 499 Total assets acquired 59,377 Accrued liabilities 2,092 Accounts payable 1,965 Unearned income 946 Long-term debt 1,141 Long-term deferred tax liability 7,448 Other long-term liabilities 1,115 Total liabilities assumed $ 14,707
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	The following table details the major groups of intangible assets acquired and the weighted average amortization period for these assets: (Dollar amounts in thousands) Amount Weighted Average Life Customer Relationships $ 8,380 15 Trademark or tradenames 1,760 14 Software packages 8,120 10 Total $ 18,260 15

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 December 31, 2016 Buildings 30 $ 1,526 $ 1,559 Data processing equipment 3 - 5 110,646 105,052 Furniture and equipment 3 - 20 6,114 7,311 Leasehold improvements 5 -10 3,184 3,057 121,470 116,979 Less - accumulated depreciation and amortization (86,283 ) (79,431 ) Depreciable assets, net 35,187 37,548 Land 1,333 1,382 Property and equipment, net $ 36,520 $ 38,930

Goodwill and Other Intangible26

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2016 $ 138,121 $ 186,688 $ 46,177 $ 370,986 Adjustment to goodwill from prior year acquisition — 1,099 — 1,099 Goodwill attributable to acquisition — 29,486 — 29,486 Foreign currency translation adjustments — 922 (390 ) 532 Balance at September 30, 2017 $ 138,121 $ 218,195 $ 45,787 $ 402,103
Carrying Amount of Other Intangible Assets	The carrying amount of other intangible assets at September 30, 2017 and December 31, 2016 was as follows: September 30, 2017 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 15 $ 343,228 $ (161,467 ) $ 181,761 Trademark 1 - 15 41,684 (24,249 ) 17,435 Software packages 3 -10 192,711 (132,966 ) 59,745 Non-compete agreement 15 56,539 (26,385 ) 30,154 Other intangible assets, net $ 634,162 $ (345,067 ) $ 289,095 December 31, 2016 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 334,455 $ (141,829 ) $ 192,626 Trademark 10 - 15 39,950 (21,650 ) 18,300 Software packages 3 - 10 176,267 (121,055 ) 55,212 Non-compete agreement 15 56,539 (23,558 ) 32,981 Other intangible assets, net $ 607,211 $ (308,092 ) $ 299,119
Estimated Amortization Expenses	The estimated amortization expense of the balances outstanding at September 30, 2017 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2017 $ 13,690 2018 45,463 2019 41,736 2020 36,606 2021 33,082

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	9 Months Ended
	Sep. 30, 2017
Debt Disclosure [Abstract]
Total Debt	Total debt at September 30, 2017 and December 31, 2016 follows: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Senior Secured Credit Facility (2018 Term A) due on April 17, 2018 paying interest at a variable interest rate (London InterBank Offered Rate (“LIBOR”) plus applicable margin (1)(3) ) $ 27,293 $ 28,721 Senior Secured Credit Facility (2020 Term A) due on January 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(4) ) 203,656 212,661 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (2)(3) ) 376,804 378,074 Senior Secured Revolving Credit Facility (6) 33,000 28,000 Note Payable due on October 1, 2017 (3) 389 1,524 Note Payable due on July 31, 2017 (3) — 357 Note Payable due on August 31, 2019 (5) 584 890 Note Payable due on April 30, 2021 (3) 447 532 Total debt $ 642,173 $ 650,759 (1) Applicable margin of 2.25% at September 30, 2017 and December 31, 2016 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at September 30, 2017 and December 31, 2016 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at September 30, 2017 and December 31, 2016 . (5) Fixed interest rate of 7.50% . (6) Applicable margin of 2.50% at September 30, 2017 and December 31, 2016 .
Summary of Interest Rate Swap Transaction	As of September 30, 2017 , the Company has the following interest rate swap agreement converting a portion of the interest rate exposure on the Company's 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, 2017 and December 31, 2016 , the carrying amount of the derivative on the Company’s balance sheets is as follows: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Other long-term liabilities $ 1,207 $ 1,964

Financial Instruments and Fai28

Financial Instruments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 and December 31, 2016 for the liability measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total September 30, 2017 Financial liability: Interest rate swap $ — $ 1,207 $ — $ 1,207 December 31, 2016 Financial liability: Interest rate swap $ — $ 1,964 $ — $ 1,964
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, 2017 and December 31, 2016 : September 30, 2017 December 31, 2016 (Dollar amounts in thousands) Carrying Fair Carrying Fair Financial liabilities: Interest rate swap $ 1,207 $ 1,207 $ 1,964 $ 1,964 Senior Secured Term B Loan 376,804 355,233 378,074 383,491 2018 Term A Loan 27,293 27,450 28,721 29,268 2020 Term A Loan 203,656 204,747 212,661 213,872

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2017
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 months period ended September 30, 2017 : (Dollar amounts in thousands) Foreign Currency Cash Flow Hedge Total Balance - December 31, 2016 $ (10,427 ) $ (1,964 ) $ (12,391 ) Other comprehensive loss before reclassifications (518 ) (514 ) (1,032 ) Effective portion reclassified to Net Income — 1,271 1,271 Balance - September 30, 2017, net of tax $ (10,945 ) $ (1,207 ) $ (12,152 )

Share-based Compensation (Table

Share-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 : Shares Weighted-Average Outstanding December 31, 2016 20,000 $ 6.04 Outstanding September 30, 2017 — $ — Exercisable at September 30, 2017 — $ —
Nonvested Restricted Shares and RSUs Activity	The following table summarizes nonvested restricted shares and RSUs activity for the nine months ended September 30, 2017 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2016 1,212,364 $ 14.88 Forfeited 139,017 16.05 Vested 310,005 15.26 Granted 699,266 17.85 Nonvested at September 30, 2017 1,462,608 $ 16.10

Income Tax (Tables)

Income Tax (Tables)	9 Months Ended
	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) for the three and nine months ended September 30, 2017 and 2016 , respectively, consisted of the following: Three months ended Nine months ended (Dollar amounts in thousands) 2017 2016 2017 2016 Current tax (benefit) provision $ (301 ) $ 2,560 $ 7,586 $ 8,774 Deferred tax benefit (4,539 ) (921 ) (6,338 ) (2,458 ) Income tax (benefit) expense $ (4,840 ) $ 1,639 $ 1,248 $ 6,316
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, 2017 and 2016 , respectively, and its segregation based on location of operations: Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Current tax (benefit) provision Puerto Rico $ (1,440 ) $ 1,150 $ 3,420 $ 4,711 United States (10 ) 86 190 322 Foreign countries 1,149 1,324 3,976 3,741 Total current tax (benefit) provision $ (301 ) $ 2,560 $ 7,586 $ 8,774 Deferred tax benefit Puerto Rico $ (4,098 ) $ (558 ) $ (5,150 ) $ (1,468 ) United States (107 ) (93 ) (190 ) (144 ) Foreign countries (334 ) (270 ) (998 ) (846 ) Total deferred tax benefit $ (4,539 ) $ (921 ) $ (6,338 ) $ (2,458 )
Schedule of Effective Income Tax Rate Reconciliation	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 months period ended September 30, (Dollar amounts in thousands) 2017 2016 Computed income tax at statutory rates $ 19,790 $ 25,517 Benefit of net tax-exempt interest income — (41 ) Differences in tax rates due to multiple jurisdictions 2,237 (111 ) Tax (benefit) expense due to a change in estimate (334 ) 228 Effect of income subject to tax-exemption grant (16,421 ) (19,139 ) Unrecognized tax benefit (4,271 ) (140 ) Other 247 2 Income tax expense $ 1,248 $ 6,316

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2017
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) 2017 2016 2017 2016 Net income attributable to EVERTEC, Inc. $ 6,102 $ 19,680 $ 49,220 $ 59,063 Less: non-forfeitable dividends on restricted stock 4 3 7 6 Net income available to EVERTEC, Inc.’s common shareholders $ 6,098 $ 19,677 $ 49,213 $ 59,057 Weighted average common shares outstanding 72,386,947 73,872,048 72,509,742 74,506,323 Weighted average potential dilutive common shares (1) 706,771 418,685 580,270 245,571 Weighted average common shares outstanding - assuming dilution 73,093,718 74,290,733 73,090,012 74,751,894 Net income per common share - basic $ 0.08 $ 0.27 $ 0.68 $ 0.79 Net income per common share - diluted $ 0.08 $ 0.26 $ 0.67 $ 0.79 (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, 2017
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, 2017 and 2016 : Three months ended September 30, Nine months ended September 30, (Dollar amounts in thousands) 2017 2016 2017 2016 Total revenues (1)(2) $ 44,090 $ 43,022 $ 134,045 $ 129,786 Cost of revenues $ 1,775 $ 381 $ 2,610 $ 1,179 Rent and other fees $ 1,962 $ 2,088 $ 5,810 $ 6,051 Interest earned from affiliate Interest income $ 41 $ 51 $ 119 $ 165 (1) Total revenues from Popular as a percentage of revenues were 42% , 45% , 43% and 45% for the periods presented above, respectively. (2) Includes revenues generated from investee accounted for under the equity method of $0.4 million and $1.5 million , and $0.5 million and $1.6 million for the three and nine months ended September 30, 2017 , and 2016 , respectively.
Summary of Balances of Transactions with Related Parties	At September 30, 2017 and December 31, 2016 , EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) September 30, 2017 December 31, 2016 Cash and restricted cash deposits in affiliated bank $ 21,810 $ 15,918 Other due/to from affiliate Accounts receivable $ 18,540 $ 21,461 Prepaid expenses and other assets $ 647 $ 699 Other long-term assets $ 343 $ 554 Accounts payable $ 4,551 $ 6,300 Unearned income $ 17,657 $ 14,383

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2017
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, 2017 Revenues $ 21,555 $ 41,980 $ 46,952 $ (7,762 ) (1) $ 102,725 (Loss) income from operations (656 ) 8,094 8,506 (7,136 ) (2) 8,808 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 (Dollar amounts in thousands) Merchant Payment Business Other Total Nine months ended September 30, 2017 Revenues $ 67,546 $ 120,189 $ 144,943 $ (25,162 ) (1) $ 307,516 Income from operations 13,444 41,893 35,678 (21,621 ) (2) 69,394 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 (1) Represents the elimination of intersegment revenues for services provided by the Payment Processing segment to the Merchant Acquiring segment for the cost of transaction processing on merchant acquiring transactions, 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, 2017 and 2016 is as follows: Three months ended Nine months ended (Dollar amounts in thousands) 2017 2016 2017 2016 Segment income from operations Merchant Acquiring $ (656 ) $ 6,728 $ 13,444 $ 23,940 Payment Processing 8,094 12,803 41,893 39,493 Business Solutions 8,506 14,930 35,678 43,299 Total segment income from operations 15,944 34,461 91,015 106,732 Merger related depreciation and amortization and other unallocated expenses (1) (7,136 ) (7,454 ) (21,621 ) (24,967 ) Income from operations 8,808 27,007 69,394 81,765 Interest expense, net (7,853 ) (6,189 ) (21,894 ) (18,026 ) Earnings (losses) of equity method investment 155 43 413 (58 ) Other income 192 489 2,829 1,747 Income tax expense 4,840 (1,639 ) (1,248 ) (6,316 ) Net income $ 6,142 $ 19,711 $ 49,494 $ 59,112 (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 (Detail)	Jul. 03, 2017country
Business Acquisition [Line Items]
Number of countries where the Company provides a broad range of merchant acquiring, payment processing and business process management services (in country)	26
PayGroup
Business Acquisition [Line Items]
Percentage of share capital acquired	100.00%

Business Combination Business A

Business Combination Business Acquisitions, by Acquisition (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Jul. 03, 2017	Dec. 31, 2016
Business Acquisition [Line Items]
Goodwill	$ 402,103		$ 370,986
PayGroup
Business Acquisition [Line Items]
Cash and cash equivalents		$ 1,834
Accounts Receivable		3,778
Prepaid expenses and other assets		535
Property and equipment		1,082
Long-term deferred tax asset		3,903
Goodwill		29,486
Other intangible assets		18,260
Other long-term assets		499
Total assets acquired		59,377
Accrued liabilities		2,092
Accounts payable		1,965
Unearned income		946
Long-term debt		1,141
Long-term deferred tax liability		7,448
Other long-term liabilities		1,115
Total liabilities assumed		$ 14,707

Business Combination Finite-liv

Business Combination Finite-lived Intangible Assets Acquired (Details) - PayGroup $ in Thousands	Jul. 03, 2017USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 18,260
Weighted Average Life	15 years
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 8,380
Weighted Average Life	15 years
Trademark or tradenames
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 1,760
Weighted Average Life	14 years
Software packages
Acquired Finite-Lived Intangible Assets [Line Items]
Amount	$ 8,120
Weighted Average Life	10 years

Business Combination Business C

Business Combination Business Combination - Additional Information (Details) - PayGroup - USD ($) $ in Millions	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Jul. 03, 2017
Business Acquisition [Line Items]
Percentage of share capital acquired			100.00%
Revenue	$ 0	$ 0
Earnings	$ 0	$ 0

Property and Equipment, net (De

Property and Equipment, net (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Property and Equipment, net
Property and equipment, gross	$ 121,470		$ 121,470		$ 116,979
Less - accumulated depreciation and amortization	(86,283)		(86,283)		(79,431)
Depreciable assets, net	35,187		35,187		37,548
Land	1,333		1,333		1,382
Property and equipment, net	36,520		36,520		38,930
Depreciation and amortization expense related to property and equipment	3,800	$ 3,700	$ 11,200	$ 10,500
Buildings
Property and Equipment, net
Useful life in years			30 years
Property and equipment, gross	1,526		$ 1,526		1,559
Data processing equipment
Property and Equipment, net
Property and equipment, gross	110,646		$ 110,646		105,052
Data processing equipment | Minimum
Property and Equipment, net
Useful life in years			3 years
Data processing equipment | Maximum
Property and Equipment, net
Useful life in years			5 years
Furniture and equipment
Property and Equipment, net
Property and equipment, gross	6,114		$ 6,114		7,311
Furniture and equipment | Minimum
Property and Equipment, net
Useful life in years			3 years
Furniture and equipment | Maximum
Property and Equipment, net
Useful life in years			20 years
Leasehold improvements
Property and Equipment, net
Property and equipment, gross	$ 3,184		$ 3,184		$ 3,057
Leasehold improvements | Minimum
Property and Equipment, net
Useful life in years			5 years
Leasehold improvements | Maximum
Property and Equipment, net
Useful life in years			10 years

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Goodwill by Segments (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Changes in the Carrying Amount of Goodwill
Beginning balance	$ 370,986
Adjustment to goodwill from prior year acquisition	1,099
Goodwill attributable to acquisition	29,486
Foreign currency translation adjustments	532
Ending balance	402,103
Merchant Acquiring, net
Changes in the Carrying Amount of Goodwill
Beginning balance	138,121
Adjustment to goodwill from prior year acquisition	0
Goodwill attributable to acquisition	0
Foreign currency translation adjustments	0
Ending balance	138,121
Payment Processing
Changes in the Carrying Amount of Goodwill
Beginning balance	186,688
Adjustment to goodwill from prior year acquisition	1,099
Goodwill attributable to acquisition	29,486
Foreign currency translation adjustments	922
Ending balance	218,195
Business Solutions
Changes in the Carrying Amount of Goodwill
Beginning balance	46,177
Adjustment to goodwill from prior year acquisition	0
Goodwill attributable to acquisition	0
Foreign currency translation adjustments	(390)
Ending balance	$ 45,787

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Goodwill
Impairment of goodwill			$ 0	$ 0
Amortization expense for intangible assets	$ 12,700,000	$ 11,300,000	36,900,000	34,000,000
Impairment charge			6,473,000	$ 0
Accrued ongoing contractual fees	5,300,000		$ 5,300,000
Maintenance expense	1,000,000
Cost of Revenue
Goodwill
Impairment charge	$ 6,500,000

Goodwill and Other Intangible42

Goodwill and Other Intangible Assets - Other Intangible Assets (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 634,162	$ 607,211
Accumulated amortization	(345,067)	(308,092)
Net carrying amount	289,095	299,119
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	343,228	334,455
Accumulated amortization	(161,467)	(141,829)
Net carrying amount	$ 181,761	$ 192,626
Customer relationships | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	8 years	8 years
Customer relationships | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	14 years
Trademark
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 41,684	$ 39,950
Accumulated amortization	(24,249)	(21,650)
Net carrying amount	$ 17,435	$ 18,300
Trademark | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	1 year	10 years
Trademark | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Software packages
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 192,711	$ 176,267
Accumulated amortization	(132,966)	(121,055)
Net carrying amount	$ 59,745	$ 55,212
Software packages | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	3 years	3 years
Software packages | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	10 years	10 years
Non-compete agreement
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Gross amount	$ 56,539	$ 56,539
Accumulated amortization	(26,385)	(23,558)
Net carrying amount	$ 30,154	$ 32,981

Goodwill and Other Intangible43

Goodwill and Other Intangible Assets - Estimated Amortization Expenses (Detail) $ in Thousands	Sep. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2,017	$ 13,690
2,018	45,463
2,019	41,736
2,020	36,606
2,021	$ 33,082

Debt and Short-Term Borrowing44

Debt and Short-Term Borrowings - Total Debt (Detail) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2017	Dec. 31, 2016
Debt Instrument [Line Items]
Note payable	$ 1,500	$ 3,400
Total debt	642,173	650,759
Note Payable due on October 1, 2017
Debt Instrument [Line Items]
Note payable	389	1,524
Note Payable due on July 31, 2017
Debt Instrument [Line Items]
Note payable	0	357
Note Payable due on August 31, 2019 | Notes Payable
Debt Instrument [Line Items]
Total debt	$ 584	890
Fixed interest rate	7.50%
Note Payable due on April 30, 2021
Debt Instrument [Line Items]
Note payable	$ 447	532
Term A due on April 17, 2018 | Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 27,293	$ 28,721
Term A due on April 17, 2018 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.25%	2.25%
Term A due January 17, 2020 | Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 203,656	$ 212,661
Term A due January 17, 2020 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.50%	2.50%
Term B due on April 17, 2020 | Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 376,804	$ 378,074
Term B due on April 17, 2020 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.50%	2.50%
Minimum variable rate	0.75%	0.75%
Senior Secured Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Note payable	$ 33,000	$ 28,000
Senior Secured Revolving Credit Facility | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.50%	2.50%

Debt and Short-Term Borrowing45

Debt and Short-Term Borrowings - Additional Information (Detail) - USD ($)	3 Months Ended	9 Months Ended
	Sep. 30, 2017	Sep. 30, 2017	Dec. 31, 2016	Oct. 31, 2016	May 31, 2016	Jun. 30, 2015	Dec. 31, 2014	Apr. 17, 2013
Debt Instrument [Line Items]
Non interest bearing financing agreement					$ 700,000	$ 1,100,000	$ 4,600,000
Note payable	$ 1,500,000	$ 1,500,000	$ 3,400,000
Losses reclassified from accumulated other comprehensive loss into income	400,000	1,300,000
Losses expected to be reclassified from accumulated other comprehensive loss into income in the next 12 months	1,400,000	1,400,000
Notes Payable
Debt Instrument [Line Items]
Non interest bearing financing agreement				$ 1,100,000
Term A due on April 17, 2018 | Credit Facility
Debt Instrument [Line Items]
Maximum amount under credit facilities			250,000,000					$ 300,000,000
Secured credit facilities	27,600,000	27,600,000	29,500,000
Term A due on April 17, 2018 | Credit Facility | Maturity not extended
Debt Instrument [Line Items]
Maximum amount under credit facilities			30,000,000
2013 Credit Agreement, Term B Loan | Credit Facility
Debt Instrument [Line Items]
Maximum amount under credit facilities								400,000,000
2013 Credit Agreement, Revolving Facility | Credit Facility
Debt Instrument [Line Items]
Maximum amount under credit facilities								$ 100,000,000
Term A due January 17, 2020 | Credit Facility
Debt Instrument [Line Items]
Secured credit facilities	206,200,000	206,200,000	216,000,000
Term A due January 17, 2020 | Credit Facility | Maturity extended
Debt Instrument [Line Items]
Maximum amount under credit facilities			219,000,000
Term B due on April 17, 2020 | Credit Facility
Debt Instrument [Line Items]
Secured credit facilities	383,000,000	383,000,000	386,000,000
Senior Secured Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Maximum amount under credit facilities			100,000,000
Additional borrowing capacity available under the Revolving Facility	67,000,000	67,000,000
Note payable	$ 33,000,000	$ 33,000,000	28,000,000
Senior Secured Revolving Credit Facility | Credit Facility | Maturity extended
Debt Instrument [Line Items]
Maximum amount under credit facilities			65,000,000
Senior Secured Revolving Credit Facility | Credit Facility | Maturity not extended
Debt Instrument [Line Items]
Maximum amount under credit facilities			$ 35,000,000

Debt and Short-Term Borrowing46

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

Debt and Short-Term Borrowing47

Debt and Short-Term Borrowings - Carrying Amount of Derivative Instruments on Company's Balance Sheet (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Debt Disclosure [Abstract]
Other long-term liabilities	$ 1,207	$ 1,964

Financial Instruments and Fai48

Financial Instruments and Fair Value Measurements - Recurring Basis (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Financial liability
Interest rate swap	$ 1,207	$ 1,964
Recurring | Level 1
Financial liability
Interest rate swap	0	0
Recurring | Level 2
Financial liability
Interest rate swap	1,207	1,964
Recurring | Level 3
Financial liability
Interest rate swap	$ 0	$ 0

Financial Instruments and Fai49

Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap	$ 1,207	$ 1,964
Carrying Amount
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap	1,207	1,964
Carrying Amount | Credit Facility | Senior Secured Term B Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	376,804	378,074
Carrying Amount | Credit Facility | 2018 Term A Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	27,293	28,721
Carrying Amount | Credit Facility | 2020 Term A Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	203,656	212,661
Fair Value
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Interest rate swap	1,207	1,964
Fair Value | Credit Facility | Senior Secured Term B Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	355,233	383,491
Fair Value | Credit Facility | 2018 Term A Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	27,450	29,268
Fair Value | Credit Facility | 2020 Term A Loan
Carrying Amounts and Fair Values of Financial Instruments [Line Items]
Senior secured term loan	$ 204,747	$ 213,872

Financial Instruments and Fai50

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - Credit Facility - USD ($) $ in Millions	Sep. 30, 2017	Dec. 31, 2016
Term A due on April 17, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 27.6	$ 29.5
Term A due January 17, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	206.2	216
Senior Secured Term B Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 383	$ 386

Equity (Detail)

Equity (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2017USD ($)
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ 108,175
Other comprehensive loss before reclassifications	(1,032)
Effective portion reclassified to Net Income	1,271
Ending balance	137,681
Foreign Currency Translation Adjustments
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	(10,427)
Other comprehensive loss before reclassifications	(518)
Effective portion reclassified to Net Income	0
Ending balance	(10,945)
Cash Flow Hedge
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	(1,964)
Other comprehensive loss before reclassifications	(514)
Effective portion reclassified to Net Income	1,271
Ending balance	(1,207)
Total
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	(12,391)
Ending balance	$ (12,152)

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses	$ 2.4	$ 1.2	$ 6.6	$ 3.7
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stocks and RSU's	$ 14.3		$ 14.3
Unrecognized compensation cost, weighted average period of recognition			1 year 10 months 17 days
Time Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Awards with Performance Conditions | 2015 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Awards with Performance Conditions | 2016 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance measurement period			1 year
Requisite service period			2 years
Awards with Performance Conditions | 2017 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
Performance measurement period			1 year
Requisite service period			2 years
Performance adjustment percent			25.00%

Share-based Compensation - Summ

Share-based Compensation - Summary of Stock Option Activity (Detail) - $ / shares	Sep. 30, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Shares outstanding (in shares)	0	20,000
Shares exercisable (in shares)	0
Weighted-average exercise price, outstanding (in usd per share)	$ 0	$ 6.04
Weighted-average exercise price, exercisable (in usd per share)	$ 0

Share-based Compensation - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Detail) - Restricted Shares and RSUs	9 Months Ended
	Sep. 30, 2017$ / sharesshares
Shares
Beginning balance (in shares) | shares	1,212,364
Forfeited (in shares) | shares	139,017
Vested (in shares) | shares	310,005
Granted (in shares) | shares	699,266
Ending balance (in shares) | shares	1,462,608
Weighted-average grant date fair value
Beginning balance (in usd per share) | $ / shares	$ 14.88
Forfeited (in usd per share) | $ / shares	16.05
Vested (in usd per share) | $ / shares	15.26
Granted (in usd per share) | $ / shares	17.85
Ending balance (in usd per share) | $ / shares	$ 16.10

Income Tax - Components of Inco

Income Tax - Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Current tax (benefit) provision	$ (301)	$ 2,560	$ 7,586	$ 8,774
Deferred tax benefit	(4,539)	(921)	(6,338)	(2,458)
Income tax (benefit) expense	$ (4,840)	$ 1,639	$ 1,248	$ 6,316

Income Tax - Tax Expense Based

Income Tax - Tax Expense Based on Location (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Current tax (benefit) provision
Puerto Rico	$ (1,440)	$ 1,150	$ 3,420	$ 4,711
United States	(10)	86	190	322
Foreign countries	1,149	1,324	3,976	3,741
Total current tax (benefit) provision	(301)	2,560	7,586	8,774
Deferred tax benefit
Puerto Rico	(4,098)	(558)	(5,150)	(1,468)
United States	(107)	(93)	(190)	(144)
Foreign countries	(334)	(270)	(998)	(846)
Total deferred tax benefit	$ (4,539)	$ (921)	$ (6,338)	$ (2,458)

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) - USD ($) $ in Millions	Jun. 27, 2017	Sep. 30, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Unremitted earnings from foreign subsidiaries		$ 32.1
One-time repatriation of cash from a foreign subsidiary	$ 8.9
Foreign income tax rate on distribution	15.00%
Foreign income tax on distribution	$ 1.3
Gross deferred tax asset		7.1	$ 5
Gross deferred tax liability		20.1	$ 19.2
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		$ 1.5

Income Tax - Effective Income T

Income Tax - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Computed income tax at statutory rates			$ 19,790	$ 25,517
Benefit of net tax-exempt interest income			0	(41)
Differences in tax rates due to multiple jurisdictions			2,237	(111)
Tax (benefit) expense due to a change in estimate			(334)	228
Effect of income subject to tax-exemption grant			(16,421)	(19,139)
Unrecognized tax benefit			(4,271)	(140)
Other			247	2
Income tax expense	$ (4,840)	$ 1,639	$ 1,248	$ 6,316

Net Income Per Common Share - R

Net Income Per Common Share - Reconciliation of Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Net income attributable to EVERTEC, Inc.	$ 6,102	$ 19,680	$ 49,220	$ 59,063
Less: non-forfeitable dividends on restricted stock	4	3	7	6
Net income available to EVERTEC, Inc.’s common shareholders	$ 6,098	$ 19,677	$ 49,213	$ 59,057
Weighted average common shares outstanding (in shares)	72,386,947	73,872,048	72,509,742	74,506,323
Weighted average potential dilutive common shares (in shares)	706,771	418,685	580,270	245,571
Weighted average common shares outstanding - assuming dilution (in shares)	73,093,718	74,290,733	73,090,012	74,751,894
Net income per common share - basic (in usd per share)	$ 0.08	$ 0.27	$ 0.68	$ 0.79
Net income per common share - diluted (in usd per share)	$ 0.08	$ 0.26	$ 0.67	$ 0.79

Net Income Per Common Share - A

Net Income Per Common Share - Additional Information (Detail) - $ / shares	Jul. 25, 2017	Apr. 27, 2017	Feb. 17, 2017	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Earnings Per Share [Abstract]
Cash dividend declared per common share (in usd per share)	$ 0.1	$ 0.10	$ 0.10	$ 0.10	$ 0.10	$ 0.3	$ 0.3

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Commitments and Contingencies Disclosure [Abstract]
Rent expense of office facilities and real estate	$ 2.1	$ 2.2	$ 6.1	$ 6.2
Rent expense for telecommunications and other equipment	$ 1.5	$ 1.5	$ 4.5	$ 4.6

Related Party Transactions - Tr

Related Party Transactions - Transactions with Related Parties (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Transactions with Third Party
Total revenues	$ 44,090	$ 43,022	$ 134,045	$ 129,786
Cost of revenues	1,775	381	2,610	1,179
Rent and other fees	1,962	2,088	5,810	6,051
Interest earned from affiliate
Interest income	41	51	119	165
Revenues generated from investee accounted for under equity method	$ 400	$ 1,500	$ 500	$ 1,600
Popular | Customer Concentration Risk | Total Revenue
Interest earned from affiliate
Total percentage of revenues from Popular	42.00%	45.00%	43.00%	45.00%

Related Party Transactions - Ba

Related Party Transactions - Balances of Transactions (Detail) - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Related Party Transactions [Abstract]
Cash and restricted cash deposits in affiliated bank	$ 21,810	$ 15,918
Other due/to from affiliate
Accounts receivable	18,540	21,461
Prepaid expenses and other assets	647	699
Other long-term assets	343	554
Accounts payable	4,551	6,300
Unearned income	$ 17,657	$ 14,383

Segment Information - Operation

Segment Information - Operations by Segments (Detail) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017USD ($)	Sep. 30, 2016USD ($)	Sep. 30, 2017USD ($)segment	Sep. 30, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating business segments (in segment) | segment			3
Revenues	$ 102,725	$ 94,467	$ 307,516	$ 287,618
(Loss) income from operations	8,808	27,007	69,394	81,765
Operating Segments
Segment Reporting Information [Line Items]
(Loss) income from operations	15,944	34,461	91,015	106,732
Operating Segments | Merchant Acquiring, net
Segment Reporting Information [Line Items]
Revenues	21,555	21,970	67,546	68,137
(Loss) income from operations	(656)	6,728	13,444	23,940
Operating Segments | Payment Processing
Segment Reporting Information [Line Items]
Revenues	41,980	35,969	120,189	106,797
(Loss) income from operations	8,094	12,803	41,893	39,493
Operating Segments | Business Solutions
Segment Reporting Information [Line Items]
Revenues	46,952	44,913	144,943	136,765
(Loss) income from operations	8,506	14,930	35,678	43,299
Other
Segment Reporting Information [Line Items]
Revenues	(7,762)	(8,385)	(25,162)	(24,081)
(Loss) income from operations	$ (7,136)	$ (7,454)	$ (21,621)	$ (24,967)

Segment Information - Income fr

Segment Information - Income from Segments to Consolidated Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment income from operations
Income from operations	$ 8,808	$ 27,007	$ 69,394	$ 81,765
Interest expense, net	(7,853)	(6,189)	(21,894)	(18,026)
Earnings (losses) of equity method investment	155	43	413	(58)
Other income	192	489	2,829	1,747
Income tax expense	4,840	(1,639)	(1,248)	(6,316)
Net income	6,142	19,711	49,494	59,112
Operating Segments
Segment income from operations
Income from operations	15,944	34,461	91,015	106,732
Operating Segments | Merchant Acquiring, net
Segment income from operations
Income from operations	(656)	6,728	13,444	23,940
Operating Segments | Payment Processing
Segment income from operations
Income from operations	8,094	12,803	41,893	39,493
Operating Segments | Business Solutions
Segment income from operations
Income from operations	8,506	14,930	35,678	43,299
Other
Segment income from operations
Income from operations	$ (7,136)	$ (7,454)	$ (21,621)	$ (24,967)