EVERTEC (EVTC) 10-Q 3 May 18 2018 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2018	Apr. 26, 2018
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	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding (in shares)		72,621,078

Unaudited Consolidated Condense

Unaudited Consolidated Condensed Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 53,471	$ 50,423
Restricted cash	10,540	9,944
Accounts receivable, net	90,037	83,328
Prepaid expenses and other assets	30,318	25,011
Total current assets	184,366	168,706
Investment in equity investee	13,369	13,073
Property and equipment, net	38,515	37,924
Goodwill	399,861	398,575
Other intangible assets, net	273,536	279,961
Other long-term assets	7,182	4,549
Total assets	916,829	902,788
Current Liabilities:
Accrued liabilities	35,334	38,451
Accounts payable	40,670	41,135
Unearned income	9,521	7,737
Income tax payable	4,121	1,406
Current portion of long-term debt	46,558	46,487
Short-term borrowings	0	12,000
Total current liabilities	136,204	147,216
Long-term debt	553,140	557,251
Deferred tax liability	13,033	13,820
Unearned income - long term	23,695	23,486
Other long-term liabilities	11,472	13,039
Total liabilities	737,544	754,812
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; 72,429,141 shares issued and outstanding at March 31, 2018 (December 31, 2017 - 72,393,933)	724	723
Additional paid-in capital	8,782	5,350
Accumulated earnings	172,777	148,887
Accumulated other comprehensive loss, net of tax	(6,938)	(10,848)
Total EVERTEC, Inc. stockholders’ equity	175,345	144,112
Non-controlling interest	3,940	3,864
Total equity	179,285	147,976
Total liabilities and equity	$ 916,829	$ 902,788

Unaudited Consolidated Condens3

Unaudited Consolidated Condensed Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2018	Dec. 31, 2017
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)	72,429,141	72,393,933
Common stock outstanding (in shares)	72,429,141	72,393,933

Unaudited Consolidated Condens4

Unaudited Consolidated Condensed Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Revenues	$ 110,274	$ 101,280
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	47,420	44,173
Selling, general and administrative expenses	13,432	10,831
Depreciation and amortization	15,867	15,684
Total operating costs and expenses	76,719	70,688
Income from operations	33,555	30,592
Non-operating income (expenses)
Interest income	157	185
Interest expense	(7,679)	(7,036)
Earnings of equity method investment	199	143
Other income	817	1,274
Total non-operating expenses	(6,506)	(5,434)
Income before income taxes	27,049	25,158
Income tax expense	3,935	2,020
Net income	23,114	23,138
Less: Net income attributable to non-controlling interest	92	109
Net income attributable to EVERTEC, Inc.’s common stockholders	23,022	23,029
Other comprehensive income (loss), net of tax of $140 and $37
Foreign currency translation adjustments	2,407	(645)
Gain on cash flow hedge	1,503	618
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders	$ 26,932	$ 23,002
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	$ 0.32	$ 0.32
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	0.31	0.31
Cash dividends declared per share (in usd per share)	$ 0	$ 0.10

Unaudited Consolidated Condens5

Unaudited Consolidated Condensed Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Statement [Abstract]
Other comprehensive income, income tax (benefit) expense expense	$ 140	$ 37

Unaudited Consolidated Condens6

Unaudited Consolidated Condensed Statement of Changes in Stockholders' Equity - 3 months ended Mar. 31, 2018 - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Earnings	Accumulated Other Comprehensive Loss	Non-Controlling Interest
Beginning balance (in shares) at Dec. 31, 2017	72,393,933	72,393,933
Beginning balance at Dec. 31, 2017	$ 147,976	$ 723	$ 5,350	$ 148,887	$ (10,848)	$ 3,864
Cumulative adjustment from implementation of ASC 606 at Dec. 31, 2017	852			868		(16)
Changes in Stockholders’ Equity
Share-based compensation recognized	3,637		3,637
Restricted stock units delivered, net of cashless (in shares)		35,208
Restricted stock units delivered, net of cashless	(204)	$ 1	(205)
Net income	23,114			23,022		92
Other comprehensive gain	$ 3,910				3,910
Ending balance (in shares) at Mar. 31, 2018	72,429,141	72,429,141
Ending balance at Mar. 31, 2018	$ 179,285	$ 724	$ 8,782	$ 172,777	$ (6,938)	$ 3,940

Unaudited Consolidated Condens7

Unaudited Consolidated Condensed Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities
Net income	$ 23,114	$ 23,138
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	15,867	15,684
Amortization of debt issue costs and accretion of discount	1,270	1,265
Provision for doubtful accounts and sundry losses	221	96
Deferred tax benefit	(1,152)	(1,487)
Share-based compensation	3,637	2,006
Loss on disposition of property and equipment and other intangibles	11	117
Earnings of equity method investment	(199)	(143)
Decrease (increase) in assets:
Accounts receivable, net	(6,815)	1,119
Prepaid expenses and other assets	(5,108)	(5,909)
Other long-term assets	(1,117)	(237)
(Decrease) increase in liabilities:
Accounts payable and accrued liabilities	(4,905)	(15,285)
Income tax payable	2,716	1,658
Unearned income	2,645	3,064
Other long-term liabilities	183	219
Total adjustments	7,254	2,167
Net cash provided by operating activities	30,368	25,305
Cash flows from investing activities
Additions to software	(5,208)	(3,860)
Property and equipment acquired	(4,157)	(2,674)
Net cash used in investing activities	(9,365)	(6,534)
Cash flows from financing activities
Statutory withholding taxes paid on share-based compensation	(204)	(1,096)
Net decrease in short-term borrowings	(12,000)	(1,000)
Repayment of short-term borrowing for purchase of equipment and software	(114)	(497)
Dividends paid	0	(7,264)
Repurchase of common stock	0	(3,765)
Repayment of long-term debt	(5,041)	(4,853)
Net cash used in financing activities	(17,359)	(18,475)
Net increase in cash, cash equivalents and restricted cash	3,644	296
Cash, cash equivalents and restricted cash at beginning of the period	60,367	60,032
Cash, cash equivalents and restricted cash	64,011	60,328
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	53,471	52,074
Restricted cash	10,540	8,254
Cash, cash equivalents and restricted cash	64,011	60,328
Supplemental disclosure of cash flow information:
Cash paid for interest	6,526	5,991
Cash paid for income taxes	1,074	1,366
Supplemental disclosure of non-cash activities:
Payable due to vendor related to software acquired	$ 893	$ 2,835

The Company and Basis of Presen

The Company and Basis of Presentation	3 Months Ended
	Mar. 31, 2018
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. 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, 2017 , included in the Company’s 2017 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	3 Months Ended
	Mar. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently adopted accounting pronouncements During 2014, the Financial Accounting Standards Board ("FASB") issued new guidance for revenue from contracts with customers, which requires an entity to recognize revenue that represents the transfer of promised goods or services to customers in the amount it expects to be entitled for the transfer of those goods or services; 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 replaced most existing revenue recognition guidance in GAAP, and were effective for public reporting companies for interim and annual periods that began after December 15, 2017. Management adopted the standard effective January 1, 2018, using the modified retrospective transition method, applied to only those contracts that were not completed as of January 1, 2018. The adoption using this transition method requires us to recognize the cumulative effect of initially applying the guidance at the date of initial application. Management recognized the cumulative effect of initially applying the new revenue standard with an adjustment increasing opening retained earnings by $0.9 million as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under the new guidance provided by ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company's historic accounting under ASC Topic 605. The Company's accounting policy under ASC Topic 605 is included in the Company's 2017 Form 10-K. The standards had the most significant impact in the following areas: - Where the Company charges upfront fees for implementation or set-up activities, including fees charged in preproduction periods, the period over which these fees are recognized may in some cases be shorter than the Company's previous practice. - The Company has certain contracts with an implicit price concession. The Company may enter into such implicit price concessions subsequent to the contract inception with the expectation of accepting less than the contractual amount of consideration in exchange for goods or services. Price concessions reduce the transaction price to reflect the consideration that the Company expects to be entitled to after the concession is provided. - Revenue for certain professional services that are recognized upon completion of the services were evaluated under the new standards and determined that the revenue should be recognized over time during the development period or once in production through the term of the contract based on the transfer of control to the customer. - Required enhancements to current disclosures around revenue recognition. Refer to Note 9 - Revenues for discussions of the impact of adopting ASC Topic 606 on the Company's consolidated condensed financial statements for the period ended March 31, 2018 . In August 2016, the FASB issued updated guidance for the classification of certain cash receipts and cash payments on the statement of cash flows. The amendments in this update provide specific guidance for the classification of eight issues: debt prepayment or extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of an insurance claim; proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and applications of the predominance principle. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. In October 2016, the FASB issued updated guidance for tax treatment of intra-entity transfers of assets other than inventory. Current GAAP prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The Board decided that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments eliminate the exception for an intra-entity transfer of an asset other than inventory. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. Any future intra-entity transfers of assets will be analyzed under this updated guidance. In November 2016, the FASB issued guidance regarding the classification of transactions involving restricted cash on the statement of cash flows. The amendments in this update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this guidance retrospectively to the periods presented in the first quarter of 2018 and has included and reconciled restricted cash within cash and cash equivalents in the Consolidated Condensed Statements of Cash Flows. In May 2017, the FASB issued updated guidance to clarify the scope of modifications under share based compensation accounting. The amendments in this update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments in this update should be applied prospectively to an award modified on or after the adoption date. The Company adopted this guidance in the first quarter of 2018 and will apply this guidance to future changes in terms and conditions of share-based payment awards. In February 2017, the FASB issued updated guidance clarifying the scope of asset derecognition guidance and accounting for partial sales of nonfinancial assets. The amendments in this update clarify the scope of the FASB’s recently established guidance on nonfinancial asset derecognition (ASC 610-20) as well as the accounting for partial sales of nonfinancial assets. This update conforms the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. Accounting pronouncements issued prior to 2018 and not yet adopted 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. 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 Company expects to adopt this guidance in the required period and continues to evaluate if this update will have an impact on the financial statements.

Property and Equipment, net

Property and Equipment, net	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 December 31, 2017 Buildings 30 $ 1,545 $ 1,531 Data processing equipment 3 - 5 105,271 103,426 Furniture and equipment 3 - 20 584 232 Leasehold improvements 5 -10 2,194 2,190 109,594 107,379 Less - accumulated depreciation and amortization (72,426 ) (70,793 ) Depreciable assets, net 37,168 36,586 Land 1,347 1,338 Property and equipment, net $ 38,515 $ 37,924 Depreciation and amortization expense related to property and equipment for the three months ended March 31, 2018 amounted to $3.6 million compared to $3.7 million for the same period in 2017 .

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2018
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 14): (Dollar amounts in thousands) Payment Payment Merchant Business Total Balance at December 31, 2017 $ 160,972 $ 53,659 $ 138,121 $ 45,823 $ 398,575 Foreign currency translation adjustments — 1,286 — — 1,286 Balance at March 31, 2018 $ 160,972 $ 54,945 $ 138,121 $ 45,823 $ 399,861 Goodwill is tested for impairment on an annual basis, or more often if events or changes in circumstances indicate there may be impairment. The Company first assesses qualitative factors to determine whether it is necessary to perform the quantitative impairment test. If determined to be necessary, the quantitative impairment test is used to identify goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). There were no triggering events or changes in circumstances that, subsequent to the Company's most recent impairment test, would have required an additional impairment evaluation. No impairment losses were recognized for the three months ended March 31, 2018 or 2017 . The carrying amount of other intangible assets at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 344,434 $ (174,807 ) $ 169,627 Trademark 2 - 15 42,104 (26,172 ) 15,932 Software packages 3 - 10 200,299 (140,591 ) 59,708 Non-compete agreement 15 56,539 (28,270 ) 28,269 Other intangible assets, net $ 643,376 $ (369,840 ) $ 273,536 December 31, 2017 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 344,175 $ (168,134 ) $ 176,041 Trademark 2 - 15 41,594 (25,241 ) 16,353 Software packages 3 - 10 195,262 (136,907 ) 58,355 Non-compete agreement 15 56,539 (27,327 ) 29,212 Other intangible assets, net $ 637,570 $ (357,609 ) $ 279,961 For the three months ended March 31, 2018 , the Company recorded amortization expense related to other intangibles of $12.2 million compared to $12.0 million for the corresponding 2017 period. The estimated amortization expense of the balances outstanding at March 31, 2018 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2018 $ 35,329 2019 43,319 2020 38,149 2021 33,805 2022 32,214

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Debt and Short-Term Borrowings Total debt at March 31, 2018 and December 31, 2017 follows: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 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) ) $ 26,082 $ 26,690 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) ) 197,641 200,653 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (2)(3) ) 375,974 376,395 Senior Secured Revolving Credit Facility (6) — 12,000 Note Payable due on August 31, 2019 (5) 504 584 Note Payable due on April 30, 2021 (3) 389 418 Total debt $ 600,590 $ 616,740 (1) Applicable margin of 2.25% at March 31, 2018 and December 31, 2017 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at March 31, 2018 and December 31, 2017 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at March 31, 2018 and December 31, 2017 . (5) Fixed interest rate of 7.50% . (6) Applicable margin of 2.50% at March 31, 2018 and December 31, 2017 . 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 March 31, 2018 of the 2018 Term A Loan, the 2020 Term A Loan and the Term B Loan was $26.1 million , $199.6 million and $381.0 million , respectively. The additional borrowing capacity for the Revolving Facility at March 31, 2018 was $100.0 million . Notes payable In May 2016, EVERTEC Group entered into a non-interest bearing financing agreement amounting to $0.7 million and in October 2016 entered into an interest bearing agreement of $1.1 million , to purchase software. As of March 31, 2018 and December 31, 2017 , the outstanding principal balance of the notes payable is $0.9 million and $1.0 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 March 31, 2018 , 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 March 31, 2018 and December 31, 2017 , the carrying amount of the derivative on the Company’s balance sheets is as follows: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 Other long-term assets $ 1,717 $ 214 During the three months ended March 31, 2018 , the Company reclassified losses of $0.2 million from accumulated other comprehensive loss into income through interest expense. Based on current LIBOR rates, the Company expects to reclassify $0.2 million from accumulated other comprehensive loss into income through interest expense over the next 12 months. Refer to Note 6 for tabular disclosure of the fair value of derivatives and to Note 7 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	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 for the asset measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total March 31, 2018 Financial asset: Interest rate swap $ — $ 1,717 $ — $ 1,717 December 31, 2017 Financial asset: Interest rate swap $ — $ 214 $ — $ 214 The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 (Dollar amounts in thousands) Carrying Fair Carrying Fair Financial assets: Interest rate swap $ 1,717 $ 1,717 $ 214 $ 214 Financial liabilities: Senior Secured Term B Loan 375,974 380,048 376,395 370,540 2018 Term A Loan 26,082 25,587 26,690 26,027 2020 Term A Loan 197,641 197,587 200,653 196,584 The fair values of the term loans at March 31, 2018 and December 31, 2017 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 March 31, 2018 and December 31, 2017 was $26.1 million and $29.5 million , respectively, and the unpaid principal balance of the 2020 Term A Loan was $199.6 million and $216.0 million for the same periods, respectively. The unpaid principal balance of the Term B Loan was $381.0 million and $386.0 million as of March 31, 2018 and December 31, 2017 , 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	3 Months Ended
	Mar. 31, 2018
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 three months period ended March 31, 2018 : (In thousands) Foreign Currency Cash Flow Hedge Total Balance - December 31, 2017, net of tax $ (11,062 ) $ 214 $ (10,848 ) Other comprehensive income before reclassifications 2,407 1,336 3,743 Effective portion reclassified to Net Income — 167 167 Balance - March 31, 2018, net of tax $ (8,655 ) $ 1,717 $ (6,938 )

Share-based Compensation

Share-based Compensation	3 Months Ended
	Mar. 31, 2018
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 2016, 2017 and 2018, the Compensation Committee of the Board of Directors approved grants of restricted stock units (“RSUs”) to executives and certain employees pursuant to the 2016 LTIP, 2017 LTIP and 2018 LTIP, respectively, all under the terms of our 2013 Equity Incentive Plan. Additionally, in the fourth quarter of 2017, a special retention grant to certain executives and employees of the Company was approved. 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 grant date and ending on February 19 of each year for the 2016 LTIP, on February 24 of each year for the 2017 LTIP and on February 28 of each year for the 2018 LTIP. Employees that received awards with market conditions under the 2016 LTIP 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 one year is achieved for the 2016 LTIP. 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 and 2018 LTIP, the Compensation Committee established adjusted earnings before income taxes, depreciation and amortization ("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 of the year of the grant and ending on December 31 of the same year, 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 February 19, 2016 for the 2016 LTIP, February 24, 2017 for the 2017 LTIP and February 28, 2018 for the 2018 LTIP. The periods end on February 19, 2019 for the 2016 LTIP, February 24, 2020 for the 2017 LTIP and February 28, 2021 for the 2018 LTIP. Awards are forfeited if the employee voluntarily ceases to be employed by the Company prior to vesting. The following table summarizes nonvested restricted shares and RSUs activity for the three months ended March 31, 2018 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2017 2,340,892 $ 15.08 Forfeited 94,641 24.45 Vested 313,217 15.29 Granted 596,803 16.75 Nonvested at March 31, 2018 2,529,837 $ 15.10 For the three months ended March 31, 2018 and 2017 , the Company recognized $3.6 million and $2.0 million of share-based compensation expense, respectively. As of March 31, 2018 , the maximum unrecognized cost for restricted stock and RSUs was $29.3 million . The cost is expected to be recognized over a weighted average period of 2.35 years.

Revenues

Revenues	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Summary of Revenue Recognition Accounting Policy The Company's revenue recognition policy follows the guidance from Accounting Standards Codification ("ASC") 606 Revenue from Contracts with Customers , which provide guidance on the recognition, presentation and disclosure of revenue in consolidated financial statements. Revenue is measured on the consideration specified in a contract with a customer. Once the Company determines a contracts performance obligations and the transaction price, including an estimate of any variable consideration, the Company allocates the transaction price to each performance obligation in the contract using a relative stand-alone selling price. The Company recognizes revenue when it satisfies a performance obligation by transferring control of a product or service to a customer. Revenue is recognized net of any taxes collected from customers, which are subsequently remitted to governmental authorities. Nature of goods and services The following is a description of principal revenue generating activities, described by operating segment, from which the Company generates its revenue. The Payment Services - Puerto Rico & Caribbean segment provides financial institutions, government entities and other issuers services to process credit, debit and prepaid cards; automated teller machines and electronic benefit transfer (“EBT”) card programs (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). Revenue is principally derived from fixed fees per transaction and time and material basis billing for professional service provided to enhance the existing hosted platforms. Professional services in these contracts are primarily considered non-distinct from the transactional services and accounted for as a single performance obligation. Revenue for these contracts is recognized over time in the amount in which the Company has right to consideration. The Payment Services - Latin America segment provides financial institutions, government entities and other issuers services to process credit, debit and prepaid cards, for which revenue is recognized in the same manner as described above, as well as licensed software solutions for risk and fraud management and card payment processing. Licensed software solutions are provided through licensing of software as a service ("SaaS") and on-premise perpetual licenses. Set-up fees related to SaaS are considered non-distinct from the license and accounted for as a single performance obligation. SaaS revenues are recognized over the time the customer benefits from the software. On-premises perpetual licenses primarily require significant customization and development. Professional services provided for significant customizations and development are non-distinct from the license and accounted for as a single performance obligation, recognized over time during the development of the license. Revenue is recognized based on the Company's efforts or inputs, measured in labor hours expended, relative to the total expected inputs to satisfy the performance obligation. Maintenance or support services are considered distinct and recognized over time. The Merchant Acquiring segment provides customers with the ability to accept and process debit and credit cards. Revenue is derived from fixed or identifiable fees charged to individual merchants per transaction, set-up fees, monthly membership fees and rental of POS terminals. Set-up fees are considered non-distinct from the transaction processing services and accounted for as a single performance obligation. Revenue for these contracts is recognized over time in the amount in which the Company has right to consideration. The Business Solutions segment consists of revenues from a full suite of business process management solutions. Revenue derived from core bank processing and other processing and transaction based services are generally recognized over time in the amount in which the Company has right to consideration. Hosting services generally represent a series of distinct months that are substantially the same, and has the same pattern of transfer. Professional services to enhance EVERTEC's platforms are generally considered non-distinct from the hosting service and accounted for as a single performance obligation. Hosting services are generally recognized over time once in production during the remaining term of the contract. Maintenance or support services are considered distinct and recognized over time. Hardware and software sales are recognized at a point in time when the control of the asset is transferred to the customer. Indicators of transfer of control include the Company's right to payment, or as the customer has legal title or physical possession of the asset. The Company’s service contracts may include service level arrangements (“SLA”) generally allowing the customer to receive a credit for part of the service fee when the Company has not provided the agreed level of services. If triggered, the SLA is deemed a consideration payable that may impact the transaction price of the contract, thus SLA performance is monitored and assessed for compliance with arrangements on a monthly basis, including determination and accounting for its economic impact, if any. Refer to Note 14 - Segment Information for further information, including revenue by products and services the Company provides and the geographic regions in which the Company operates. Significant Judgments Contracts with customers often include promises to transfer multiple products and services to a customer. Determining whether products and services are considered distinct performance obligations that should be accounted for separately versus together may require significant judgment. The Company exercises judgment in identifying a suitable method that depicts the entity’s performance in transferring control of the performance obligations satisfied over time, on a contract by contract basis. The principal criteria used for determining the measure of progress is the availability of reliable information that can be obtained without incurring undue cost, which usually results in the input method since, in the majority of cases, the outputs used to reasonably measure progress are not directly observable. The input method is applied based on labor hours expended, relative to the total expected labor hours to satisfy the performance obligation. Judgment is required in determining the stand alone selling price for each distinct performance obligation. Stand-alone selling price is mainly determined based on the price at which the good or service is sold separately. If the good or service is not sold separately, the Company estimates the stand-alone selling price by using the approach of expected cost plus a margin. If the stand-alone selling price is not observable through past transactions, the Company estimates the stand-alone selling price by considering all reasonably available information, including market conditions, trends or other company or customer specific factors. Impact of adoption of Topic 606 The tables below present a summary of the impacts of adopting Topic 606 on the Company's consolidated financial statements for the period ended March 31, 2018 . Balance Sheet March 31, 2018 (Dollar amounts in thousands) As reported Adjustments Balances without the adoption of Topic 606 Assets — Prepaid expenses and other assets $ 30,318 $ (188 ) $ 30,130 Liabilities and stockholders' equity Unearned Income 9,521 584 10,105 The total effect of the adjustments to the Consolidated Condensed Statement of Income and Comprehensive Income, Consolidated Condensed Statements of Cash Flows and earnings per share is considered immaterial. Disaggregation of revenue The Company's operating segments are determined by the nature of the products and services the Company provides and the primary geographical markets in which the Company operates. Revenue disaggregated by segment is discussed in Note 14 - Segment Information. In the following table, revenue is disaggregated by timing of revenue recognition. Three months ended March 31, 2018 (In thousands) Payment Services - Puerto Rico & Caribbean Payment Services - Latin America Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 126 $ 392 $ — $ 973 $ 1,491 Products and services transferred over time 18,457 19,999 23,379 46,948 108,783 $ 18,583 $ 20,391 $ 23,379 $ 47,921 $ 110,274 Contract balances The following table provides information about contract assets from contracts with customers. (In thousands) Contract Assets Balance at beginning of period $ 1,903 Services transferred to customers 56 Transfers to accounts receivable (132 ) Balance at March 31, 2018 $ 1,827 Contract assets primarily relate to the Company's right to consideration for work completed but not billed at the reporting date. The contract assets are transferred to accounts receivable when the rights to payment become unconditional. The current portion of these contract assets is recorded as part of prepaid expenses and other assets and the long-term portion is included in other long-term assets. Accounts receivable, net at March 31, 2018 amounted to $90.0 million . Unearned income and Unearned income - Long term, which refer to contract liabilities, at March 31, 2018 amounted to $9.5 million and $23.7 million , respectively, and arise when consideration is received or due in advance from customers prior to performance. Unearned income is mainly related to upfront fees for implementation or set up activities, including fees charged in pre-production periods in connection with hosting services. During the three months ended March 31, 2018 , the Company recognized revenue of $3.7 million that was included in unearned income at December 31, 2017 . Revenues from recurring transaction-based and processing services represent the majority of the Company's total revenue as of March 31, 2018 . The Company recognizes revenues from recurring transaction-based and processing services over time at the amounts in which the Company has right to invoice, which corresponds directly to the value to the customer of the Company’s performance completed to date. Therefore, the Company has elected to apply the practical expedient in paragraph 606-10-50-14. Under this practical expedient, the Company is not required to disclose information about remaining performance obligations if the contract has an original expected duration of one year or less or if the Company recognizes revenue at the amount to which it has a right to invoice. The Company also applies the practical expedient in paragraph 606-10-50-14A and does not disclose the information about remaining performance obligations for variable consideration when the following condition is met: the variable consideration is allocated entirely to a wholly unsatisfied performance obligation or to a wholly unsatisfied promise to transfer a distinct good or service that forms part of a single performance obligation in accordance with paragraph 606-10-25-14(b). The estimated aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially satisfied at March 31, 2018 is $245.8 million . This amount primarily consists of professional service fees for implementation or set up activities related to hosting services and maintenance services, which are typically recognized over the life of the contract which vary from 2 to 5 years, with the exception of one contract which represents the majority of the performance obligations under these professional services with a remaining life of 7 years. It also includes professional service fees for customizations or development of on-premise licensing agreements, which are recognized over time based on inputs relative to the total expected inputs to satisfy a performance obligation. This estimate excludes any contracts that are accounted for using the practical expedients noted above.

Income Tax

Income Tax	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The components of income tax expense for the three months ended March 31, 2018 and 2017 , respectively, consisted of the following: Three months ended (Dollar amounts in thousands) 2018 2017 Current tax provision $ 5,087 $ 3,507 Deferred tax benefit (1,152 ) (1,487 ) Income tax expense $ 3,935 $ 2,020 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 months ended March 31, 2018 and 2017 , respectively, and its segregation based on location of operations: Three months ended March 31, (Dollar amounts in thousands) 2018 2017 Current tax provision Puerto Rico $ 2,399 $ 1,806 United States 80 (186 ) Foreign countries 2,608 1,887 Total current tax provision $ 5,087 $ 3,507 Deferred tax benefit Puerto Rico $ (839 ) $ (589 ) United States (87 ) (103 ) Foreign countries (226 ) (795 ) Total deferred tax benefit $ (1,152 ) $ (1,487 ) 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 March 31, 2018 , the Company has $34.5 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. As of March 31, 2018 , the gross deferred tax asset amounted to $8.8 million and the gross deferred tax liability amounted to $20.7 million , compared to $8.3 million and $21.1 million , respectively, as of December 31, 2017 . 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: Three months period ended March 31, (Dollar amounts in thousands) 2018 2017 Computed income tax at statutory rates $ 10,549 $ 9,812 Differences in tax rates due to multiple jurisdictions 1,021 (555 ) Tax benefit due to a change in estimate — (334 ) Effect of income subject to tax-exemption grant (8,313 ) (7,011 ) Unrecognized tax benefit 556 116 Other expense (benefit) 122 (8 ) Income tax expense $ 3,935 $ 2,020

Net Income Per Common Share

Net Income Per Common Share	3 Months Ended
	Mar. 31, 2018
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 March 31, (Dollar amounts in thousands, except per share information) 2018 2017 Net income attributable to EVERTEC, Inc. $ 23,022 $ 23,029 Less: non-forfeitable dividends on restricted stock 14 16 Net income available to EVERTEC, Inc.’s common shareholders $ 23,008 $ 23,013 Weighted average common shares outstanding 72,409,462 72,636,166 Weighted average potential dilutive common shares (1) 963,373 518,527 Weighted average common shares outstanding - assuming dilution 73,372,835 73,154,693 Net income per common share - basic $ 0.32 $ 0.32 Net income per common share - diluted $ 0.31 $ 0.31 (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.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2018
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 months ended March 31, 2018 and 2017 amounted $2.2 million and $2.0 million , respectively. Rent expense for telecommunications and other equipment for both the three months ended March 31, 2018 and 2017 amounted to $1.5 million . 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	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The following table presents the Company’s transactions with related parties for the three months ended March 31, 2018 and 2017 : Three months ended March 31, (Dollar amounts in thousands) 2018 2017 Total revenues (1)(2) $ 45,535 $ 45,013 Cost of revenues $ 384 $ 486 Rent and other fees $ 1,963 $ 2,036 Interest earned from affiliate Interest income $ 32 $ 39 (1) Total revenues from Popular as a percentage of revenues were 41% and 44% for the periods presented above, respectively. (2) Includes revenues generated from investee accounted for under the equity method of $0.3 million and $0.5 million for the three months ended March 31, 2018 , and 2017 , respectively. At March 31, 2018 and December 31, 2017 , EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 Cash and restricted cash deposits in affiliated bank $ 25,922 $ 23,227 Other due/to from affiliate Accounts receivable $ 21,938 $ 18,073 Prepaid expenses and other assets $ 1,723 $ 1,216 Other long-term assets $ 317 $ 288 Accounts payable $ 6,127 $ 5,827 Unearned income $ 21,321 $ 19,768

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Segment Information	Segment Information The Company operates in four business segments: Payment Services - Puerto Rico & Caribbean, Payment Services - Latin America (collectively "Payment Services segments"), Merchant Acquiring, and Business Solutions. The Payment Services - Puerto Rico & Caribbean segment revenues are comprised of revenues related to providing access to the ATH debit network and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and POS transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions) and EBT (which principally consist of services to the government of Puerto Rico for the delivery of benefits to participants). For ATH debit network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from network fees, transaction switching and processing fees, and the leasing POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed and other processing services. For EBT services, revenues are primarily derived from the number of beneficiaries on file. The Payment Services - Latin America segment revenues consist of revenues related to providing access to the ATH debit network and other card networks to financial institutions, including related services such as authorization, processing, management and recording of ATM and POS transactions, and ATM management and monitoring. The segment revenues also include revenues from card processing services (such as credit and debit card processing, authorization and settlement and fraud monitoring and control to debit or credit issuers), payment processing services (such as payment and billing products for merchants, businesses and financial institutions), as well as, licensed software solutions for risk and fraud management and card payment processing. For ATH debit network and processing services, revenues are primarily driven by the number of transactions processed. Revenues are derived primarily from network fees, transaction switching and processing fees, and the leasing POS devices. For card issuer processing, revenues are primarily dependent upon the number of cardholder accounts on file, transactions and authorizations processed, the number of cards embossed and other processing services. The Merchant Acquiring segment consists of revenues from services that allow merchants to accept electronic methods of payment. In the Merchant Acquiring segment, revenues include a discount fee and membership fees charged to merchants, debit network fees and rental fees from POS devices and other equipment, net of credit card interchange and assessment fees charged by credit cards associations (such as VISA or MasterCard) or payment networks. The discount fee is generally a percentage of the transaction value. EVERTEC also charges merchants for other services that are unrelated to the number of transactions or the transaction value. The Business Solutions segment consists of revenues from a full suite of business process management solutions in various product areas such as core bank processing, network hosting and management, IT professional services, business process outsourcing, item processing, cash processing, and fulfillment. Core bank processing and network services revenues are derived in part from a recurrent fee and from fees based on the number of accounts on file (i.e. savings or checking accounts, loans, etc.) or computer resources utilized. Revenues from other processing services within the Business Solutions segment are generally volume-based and depend on factors such as the number of accounts processed. In addition, EVERTEC is a reseller of hardware and software products and these resale transactions are generally one-time transactions. In addition to the four operating segments described above, Management identified certain functional cost areas that operate independently and do not constitute businesses in themselves. These units could neither be concluded as operating segments nor could they be combined with any other operating segments. Therefore, these units are aggregated and presented as “Corporate and Other” category in the financial statements alongside the operating segments. The Corporate and other category consists of corporate overhead expenses, intersegment eliminations, certain leveraged activities and other non-operating and miscellaneous expenses that are not included in the operating segments. The overhead and leveraged costs relate to activities such as: • marketing, • corporate finance and accounting, • human resources, • legal, • risk management functions, • internal audit, • corporate debt related costs, • non-operating depreciation and amortization expenses generated as a result of the Merger, • intersegment revenues and expenses, and • other non-recurring fees and expenses that are not considered when management evaluates financial performance at a segment level The Chief Operating Decision Maker ("CODM") reviews the operating segments separate financial information to assess performance and to allocate resources. Management evaluates the operating results of each of its operating segments based upon revenues and Adjusted Earnings before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA"). Adjusted EBITDA is defined as EBITDA further adjusted to exclude unusual items and other adjustments. Adjusted EBITDA, as it relates to operating segments, is presented in conformity with Accounting Standards Codification Topic 280, "Segment Reporting" given that it is reported to the CODM for purposes of allocating resources. Segment asset disclosure is not used by the CODM as a measure of segment performance since the segment evaluation is driven by revenues and adjusted EBITDA performance. As such, segment assets are not disclosed in the notes to the accompanying consolidated financial statements. The following tables set forth information about the Company’s operations by its four business segments for the periods indicated: Three months ended March 31, 2018 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 27,168 $ 20,391 $ 23,379 $ 47,921 $ (8,585 ) $ 110,274 Operating costs and expenses 12,933 18,060 13,141 29,015 3,570 76,719 Depreciation and amortization 2,316 2,449 420 3,519 7,163 15,867 Non-operating income (expenses) 816 1,813 4 300 (1,917 ) 1,016 EBITDA 17,367 6,593 10,662 22,725 (6,909 ) 50,438 Compensation and benefits (2) 193 400 190 440 2,606 3,829 Transaction, refinancing and other fees (3) (250 ) — — — (49 ) (299 ) Adjusted EBITDA $ 17,310 $ 6,993 $ 10,852 $ 23,165 $ (4,352 ) $ 53,968 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $8.6 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring and cost transfer fees from Corporate and Other to Payment Services Latin America for leveraged services and management fees. (2) Primarily represents share-based compensation, other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement. Three months ended March 31, 2017 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 26,452 $ 12,964 $ 22,485 $ 47,997 $ (8,618 ) $ 101,280 Operating costs and expenses 11,802 12,266 13,413 29,765 3,442 70,688 Depreciation and amortization 2,149 1,871 599 4,014 7,051 15,684 Non-operating income (expenses) 553 2,731 1 — (1,868 ) 1,417 EBITDA 17,352 5,300 9,672 22,246 (6,877 ) 47,693 Compensation and benefits (2) 99 151 95 226 (1,505 ) 2,076 Transaction, refinancing and other fees (3) (660 ) — — 50 (610 ) Adjusted EBITDA $ 16,791 $ 5,451 $ 9,767 $ 22,472 $ (5,322 ) $ 49,159 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $8.6 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring and cost transfer fees from Corporate and Other to Payment Services Latin America for leveraged services and management fees. (2) Primarily represents share-based compensation, other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement. The reconciliation of EBITDA to consolidated net income is as follows: Three months ended March 31, (In thousands) 2018 2017 Total EBITDA $ 50,438 $ 47,693 Less: Income tax expense 3,935 2,020 Interest expense, net 7,522 6,851 Depreciation and amortization 15,867 15,684 Net Income $ 23,114 $ 23,138

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 17, 2018, the Company paid the outstanding balance of the 2018 Term A Loan which amounted to $26.1 million , as scheduled. In addition, on the same date, $35 million of the Revolving Facility expired. As of April 17, 2018, the total borrowing capacity of the Revolving Facility is $65 million .

The Company and Basis of Pres23

The Company and Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2018
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. 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, 2017 , included in the Company’s 2017 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 adopted accounting pronouncements During 2014, the Financial Accounting Standards Board ("FASB") issued new guidance for revenue from contracts with customers, which requires an entity to recognize revenue that represents the transfer of promised goods or services to customers in the amount it expects to be entitled for the transfer of those goods or services; 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 replaced most existing revenue recognition guidance in GAAP, and were effective for public reporting companies for interim and annual periods that began after December 15, 2017. Management adopted the standard effective January 1, 2018, using the modified retrospective transition method, applied to only those contracts that were not completed as of January 1, 2018. The adoption using this transition method requires us to recognize the cumulative effect of initially applying the guidance at the date of initial application. Management recognized the cumulative effect of initially applying the new revenue standard with an adjustment increasing opening retained earnings by $0.9 million as of January 1, 2018. Results for reporting periods beginning after January 1, 2018 are presented under the new guidance provided by ASC Topic 606, while prior period amounts are not adjusted and continue to be reported in accordance with the Company's historic accounting under ASC Topic 605. The Company's accounting policy under ASC Topic 605 is included in the Company's 2017 Form 10-K. The standards had the most significant impact in the following areas: - Where the Company charges upfront fees for implementation or set-up activities, including fees charged in preproduction periods, the period over which these fees are recognized may in some cases be shorter than the Company's previous practice. - The Company has certain contracts with an implicit price concession. The Company may enter into such implicit price concessions subsequent to the contract inception with the expectation of accepting less than the contractual amount of consideration in exchange for goods or services. Price concessions reduce the transaction price to reflect the consideration that the Company expects to be entitled to after the concession is provided. - Revenue for certain professional services that are recognized upon completion of the services were evaluated under the new standards and determined that the revenue should be recognized over time during the development period or once in production through the term of the contract based on the transfer of control to the customer. - Required enhancements to current disclosures around revenue recognition. Refer to Note 9 - Revenues for discussions of the impact of adopting ASC Topic 606 on the Company's consolidated condensed financial statements for the period ended March 31, 2018 . In August 2016, the FASB issued updated guidance for the classification of certain cash receipts and cash payments on the statement of cash flows. The amendments in this update provide specific guidance for the classification of eight issues: debt prepayment or extinguishment costs; settlement of zero-coupon debt instruments or other debt instruments with coupon interest rates that are insignificant in relation to the effective interest rate of the borrowing; contingent consideration payments made after a business combination; proceeds from the settlement of an insurance claim; proceeds from the settlement of corporate-owned life insurance policies, including bank-owned life insurance policies; distributions received from equity method investees; beneficial interests in securitization transactions; and separately identifiable cash flows and applications of the predominance principle. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. In October 2016, the FASB issued updated guidance for tax treatment of intra-entity transfers of assets other than inventory. Current GAAP prohibited the recognition of current and deferred income taxes for an intra-entity asset transfer until the asset has been sold to an outside party. The Board decided that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory when the transfer occurs. Consequently, the amendments eliminate the exception for an intra-entity transfer of an asset other than inventory. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. Any future intra-entity transfers of assets will be analyzed under this updated guidance. In November 2016, the FASB issued guidance regarding the classification of transactions involving restricted cash on the statement of cash flows. The amendments in this update require that a statement of cash flows explain the change during the period in the total of cash, cash equivalents, and amounts generally described as restricted cash or restricted cash equivalents. Therefore, amounts generally described as restricted cash and restricted cash equivalents should be included with cash and cash equivalents when reconciling the beginning-of-period and end-of-period total amounts shown on the statement of cash flows. The Company adopted this guidance retrospectively to the periods presented in the first quarter of 2018 and has included and reconciled restricted cash within cash and cash equivalents in the Consolidated Condensed Statements of Cash Flows. In May 2017, the FASB issued updated guidance to clarify the scope of modifications under share based compensation accounting. The amendments in this update provide guidance about which changes to the terms or conditions of a share-based payment award require an entity to apply modification accounting. The amendments in this update should be applied prospectively to an award modified on or after the adoption date. The Company adopted this guidance in the first quarter of 2018 and will apply this guidance to future changes in terms and conditions of share-based payment awards. In February 2017, the FASB issued updated guidance clarifying the scope of asset derecognition guidance and accounting for partial sales of nonfinancial assets. The amendments in this update clarify the scope of the FASB’s recently established guidance on nonfinancial asset derecognition (ASC 610-20) as well as the accounting for partial sales of nonfinancial assets. This update conforms the derecognition guidance on nonfinancial assets with the model for transactions in the new revenue standard. The Company adopted this guidance in the first quarter of 2018 with no impact on the financial statements. Accounting pronouncements issued prior to 2018 and not yet adopted 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. 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 Company expects to adopt this guidance in the required period and continues to evaluate if this update will have an impact on the financial statements.

Property and Equipment, net (Ta

Property and Equipment, net (Tables)	3 Months Ended
	Mar. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment, net	Property and equipment, net consists of the following: (Dollar amounts in thousands) Useful life March 31, 2018 December 31, 2017 Buildings 30 $ 1,545 $ 1,531 Data processing equipment 3 - 5 105,271 103,426 Furniture and equipment 3 - 20 584 232 Leasehold improvements 5 -10 2,194 2,190 109,594 107,379 Less - accumulated depreciation and amortization (72,426 ) (70,793 ) Depreciable assets, net 37,168 36,586 Land 1,347 1,338 Property and equipment, net $ 38,515 $ 37,924

Goodwill and Other Intangible25

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2018
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 14): (Dollar amounts in thousands) Payment Payment Merchant Business Total Balance at December 31, 2017 $ 160,972 $ 53,659 $ 138,121 $ 45,823 $ 398,575 Foreign currency translation adjustments — 1,286 — — 1,286 Balance at March 31, 2018 $ 160,972 $ 54,945 $ 138,121 $ 45,823 $ 399,861
Carrying Amount of Other Intangible Assets	The carrying amount of other intangible assets at March 31, 2018 and December 31, 2017 was as follows: March 31, 2018 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 344,434 $ (174,807 ) $ 169,627 Trademark 2 - 15 42,104 (26,172 ) 15,932 Software packages 3 - 10 200,299 (140,591 ) 59,708 Non-compete agreement 15 56,539 (28,270 ) 28,269 Other intangible assets, net $ 643,376 $ (369,840 ) $ 273,536 December 31, 2017 (Dollar amounts in thousands) Useful life in years Gross Accumulated Net carrying Customer relationships 8 - 14 $ 344,175 $ (168,134 ) $ 176,041 Trademark 2 - 15 41,594 (25,241 ) 16,353 Software packages 3 - 10 195,262 (136,907 ) 58,355 Non-compete agreement 15 56,539 (27,327 ) 29,212 Other intangible assets, net $ 637,570 $ (357,609 ) $ 279,961
Estimated Amortization Expenses	The estimated amortization expense of the balances outstanding at March 31, 2018 for the next five years is as follows: (Dollar amounts in thousands) Remaining 2018 $ 35,329 2019 43,319 2020 38,149 2021 33,805 2022 32,214

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	3 Months Ended
	Mar. 31, 2018
Debt Disclosure [Abstract]
Total Debt	Total debt at March 31, 2018 and December 31, 2017 follows: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 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) ) $ 26,082 $ 26,690 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) ) 197,641 200,653 Senior Secured Credit Facility (Term B) due on April 17, 2020 paying interest at a variable interest rate (LIBOR plus applicable margin (2)(3) ) 375,974 376,395 Senior Secured Revolving Credit Facility (6) — 12,000 Note Payable due on August 31, 2019 (5) 504 584 Note Payable due on April 30, 2021 (3) 389 418 Total debt $ 600,590 $ 616,740 (1) Applicable margin of 2.25% at March 31, 2018 and December 31, 2017 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at March 31, 2018 and December 31, 2017 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at March 31, 2018 and December 31, 2017 . (5) Fixed interest rate of 7.50% . (6) Applicable margin of 2.50% at March 31, 2018 and December 31, 2017 .
Summary of Interest Rate Swap Transaction	As of March 31, 2018 , 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 March 31, 2018 and December 31, 2017 , the carrying amount of the derivative on the Company’s balance sheets is as follows: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 Other long-term assets $ 1,717 $ 214

Financial Instruments and Fai27

Financial Instruments and Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, 2018 and December 31, 2017 for the asset measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total March 31, 2018 Financial asset: Interest rate swap $ — $ 1,717 $ — $ 1,717 December 31, 2017 Financial asset: Interest rate swap $ — $ 214 $ — $ 214
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 March 31, 2018 and December 31, 2017 : March 31, 2018 December 31, 2017 (Dollar amounts in thousands) Carrying Fair Carrying Fair Financial assets: Interest rate swap $ 1,717 $ 1,717 $ 214 $ 214 Financial liabilities: Senior Secured Term B Loan 375,974 380,048 376,395 370,540 2018 Term A Loan 26,082 25,587 26,690 26,027 2020 Term A Loan 197,641 197,587 200,653 196,584

Equity (Tables)

Equity (Tables)	3 Months Ended
	Mar. 31, 2018
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 three months period ended March 31, 2018 : (In thousands) Foreign Currency Cash Flow Hedge Total Balance - December 31, 2017, net of tax $ (11,062 ) $ 214 $ (10,848 ) Other comprehensive income before reclassifications 2,407 1,336 3,743 Effective portion reclassified to Net Income — 167 167 Balance - March 31, 2018, net of tax $ (8,655 ) $ 1,717 $ (6,938 )

Share-based Compensation (Table

Share-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested Restricted Shares and RSUs Activity	The following table summarizes nonvested restricted shares and RSUs activity for the three months ended March 31, 2018 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2017 2,340,892 $ 15.08 Forfeited 94,641 24.45 Vested 313,217 15.29 Granted 596,803 16.75 Nonvested at March 31, 2018 2,529,837 $ 15.10

Revenues (Tables)

Revenues (Tables)	3 Months Ended
	Mar. 31, 2018
Revenue from Contract with Customer [Abstract]
Summary of Impact of Adoption of Topic 606	The tables below present a summary of the impacts of adopting Topic 606 on the Company's consolidated financial statements for the period ended March 31, 2018 . Balance Sheet March 31, 2018 (Dollar amounts in thousands) As reported Adjustments Balances without the adoption of Topic 606 Assets — Prepaid expenses and other assets $ 30,318 $ (188 ) $ 30,130 Liabilities and stockholders' equity Unearned Income 9,521 584 10,105
Disaggregation of Revenue	In the following table, revenue is disaggregated by timing of revenue recognition. Three months ended March 31, 2018 (In thousands) Payment Services - Puerto Rico & Caribbean Payment Services - Latin America Merchant Acquiring, net Business Solutions Total Timing of revenue recognition Products and services transferred at a point in time $ 126 $ 392 $ — $ 973 $ 1,491 Products and services transferred over time 18,457 19,999 23,379 46,948 108,783 $ 18,583 $ 20,391 $ 23,379 $ 47,921 $ 110,274
Summary of Contract Balances	The following table provides information about contract assets from contracts with customers. (In thousands) Contract Assets Balance at beginning of period $ 1,903 Services transferred to customers 56 Transfers to accounts receivable (132 ) Balance at March 31, 2018 $ 1,827

Income Tax (Tables)

Income Tax (Tables)	3 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense for the three months ended March 31, 2018 and 2017 , respectively, consisted of the following: Three months ended (Dollar amounts in thousands) 2018 2017 Current tax provision $ 5,087 $ 3,507 Deferred tax benefit (1,152 ) (1,487 ) Income tax expense $ 3,935 $ 2,020
Segregation of Income Tax Expense Based on Location of Operations	The following table presents the components of income tax expense for the three months ended March 31, 2018 and 2017 , respectively, and its segregation based on location of operations: Three months ended March 31, (Dollar amounts in thousands) 2018 2017 Current tax provision Puerto Rico $ 2,399 $ 1,806 United States 80 (186 ) Foreign countries 2,608 1,887 Total current tax provision $ 5,087 $ 3,507 Deferred tax benefit Puerto Rico $ (839 ) $ (589 ) United States (87 ) (103 ) Foreign countries (226 ) (795 ) Total deferred tax benefit $ (1,152 ) $ (1,487 )
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: Three months period ended March 31, (Dollar amounts in thousands) 2018 2017 Computed income tax at statutory rates $ 10,549 $ 9,812 Differences in tax rates due to multiple jurisdictions 1,021 (555 ) Tax benefit due to a change in estimate — (334 ) Effect of income subject to tax-exemption grant (8,313 ) (7,011 ) Unrecognized tax benefit 556 116 Other expense (benefit) 122 (8 ) Income tax expense $ 3,935 $ 2,020

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2018
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 March 31, (Dollar amounts in thousands, except per share information) 2018 2017 Net income attributable to EVERTEC, Inc. $ 23,022 $ 23,029 Less: non-forfeitable dividends on restricted stock 14 16 Net income available to EVERTEC, Inc.’s common shareholders $ 23,008 $ 23,013 Weighted average common shares outstanding 72,409,462 72,636,166 Weighted average potential dilutive common shares (1) 963,373 518,527 Weighted average common shares outstanding - assuming dilution 73,372,835 73,154,693 Net income per common share - basic $ 0.32 $ 0.32 Net income per common share - diluted $ 0.31 $ 0.31 (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)	3 Months Ended
	Mar. 31, 2018
Related Party Transactions [Abstract]
Transactions with Related Parties	The following table presents the Company’s transactions with related parties for the three months ended March 31, 2018 and 2017 : Three months ended March 31, (Dollar amounts in thousands) 2018 2017 Total revenues (1)(2) $ 45,535 $ 45,013 Cost of revenues $ 384 $ 486 Rent and other fees $ 1,963 $ 2,036 Interest earned from affiliate Interest income $ 32 $ 39 (1) Total revenues from Popular as a percentage of revenues were 41% and 44% for the periods presented above, respectively. (2) Includes revenues generated from investee accounted for under the equity method of $0.3 million and $0.5 million for the three months ended March 31, 2018 , and 2017 , respectively.
Summary of Balances of Transactions with Related Parties	At March 31, 2018 and December 31, 2017 , EVERTEC had the following balances arising from transactions with related parties: (Dollar amounts in thousands) March 31, 2018 December 31, 2017 Cash and restricted cash deposits in affiliated bank $ 25,922 $ 23,227 Other due/to from affiliate Accounts receivable $ 21,938 $ 18,073 Prepaid expenses and other assets $ 1,723 $ 1,216 Other long-term assets $ 317 $ 288 Accounts payable $ 6,127 $ 5,827 Unearned income $ 21,321 $ 19,768

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2018
Segment Reporting [Abstract]
Information about Operations by Business Segments	The following tables set forth information about the Company’s operations by its four business segments for the periods indicated: Three months ended March 31, 2018 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 27,168 $ 20,391 $ 23,379 $ 47,921 $ (8,585 ) $ 110,274 Operating costs and expenses 12,933 18,060 13,141 29,015 3,570 76,719 Depreciation and amortization 2,316 2,449 420 3,519 7,163 15,867 Non-operating income (expenses) 816 1,813 4 300 (1,917 ) 1,016 EBITDA 17,367 6,593 10,662 22,725 (6,909 ) 50,438 Compensation and benefits (2) 193 400 190 440 2,606 3,829 Transaction, refinancing and other fees (3) (250 ) — — — (49 ) (299 ) Adjusted EBITDA $ 17,310 $ 6,993 $ 10,852 $ 23,165 $ (4,352 ) $ 53,968 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $8.6 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring and cost transfer fees from Corporate and Other to Payment Services Latin America for leveraged services and management fees. (2) Primarily represents share-based compensation, other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement. Three months ended March 31, 2017 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 26,452 $ 12,964 $ 22,485 $ 47,997 $ (8,618 ) $ 101,280 Operating costs and expenses 11,802 12,266 13,413 29,765 3,442 70,688 Depreciation and amortization 2,149 1,871 599 4,014 7,051 15,684 Non-operating income (expenses) 553 2,731 1 — (1,868 ) 1,417 EBITDA 17,352 5,300 9,672 22,246 (6,877 ) 47,693 Compensation and benefits (2) 99 151 95 226 (1,505 ) 2,076 Transaction, refinancing and other fees (3) (660 ) — — 50 (610 ) Adjusted EBITDA $ 16,791 $ 5,451 $ 9,767 $ 22,472 $ (5,322 ) $ 49,159 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $8.6 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring and cost transfer fees from Corporate and Other to Payment Services Latin America for leveraged services and management fees. (2) Primarily represents share-based compensation, other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the Credit Agreement.
Reconciliation of Income from Operations to Consolidated Net Income	The reconciliation of EBITDA to consolidated net income is as follows: Three months ended March 31, (In thousands) 2018 2017 Total EBITDA $ 50,438 $ 47,693 Less: Income tax expense 3,935 2,020 Interest expense, net 7,522 6,851 Depreciation and amortization 15,867 15,684 Net Income $ 23,114 $ 23,138

The Company and Basis of Pres35

The Company and Basis of Presentation (Detail)	Jul. 03, 2017country
Accounting Policies [Abstract]
Number of countries where the Company provides a broad range of merchant acquiring, payment processing and business process management services (in country)	26

Recent Accounting Pronounceme36

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect to retained earnings for initially applying the new revenue standard	$ 172,777	$ 148,887
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Cumulative effect to retained earnings for initially applying the new revenue standard		$ 900

Property and Equipment, net (De

Property and Equipment, net (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017
Property and Equipment, net
Property and equipment, gross	$ 109,594		$ 107,379
Less - accumulated depreciation and amortization	(72,426)		(70,793)
Depreciable assets, net	37,168		36,586
Land	1,347		1,338
Property and equipment, net	38,515		37,924
Depreciation and amortization expense related to property and equipment	$ 3,600	$ 3,700
Buildings
Property and Equipment, net
Useful life in years	30 years
Property and equipment, gross	$ 1,545		1,531
Data processing equipment
Property and Equipment, net
Property and equipment, gross	$ 105,271		103,426
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	$ 584		232
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	$ 2,194		$ 2,190
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 Intangible38

Goodwill and Other Intangible Assets - Goodwill by Segments (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Changes in the Carrying Amount of Goodwill
Beginning balance	$ 398,575
Foreign currency translation adjustments	1,286
Ending balance	399,861
Payment Services - Puerto Rico & Caribbean
Changes in the Carrying Amount of Goodwill
Beginning balance	160,972
Foreign currency translation adjustments	0
Ending balance	160,972
Payment Services - Latin America
Changes in the Carrying Amount of Goodwill
Beginning balance	53,659
Foreign currency translation adjustments	1,286
Ending balance	54,945
Merchant Acquiring, net
Changes in the Carrying Amount of Goodwill
Beginning balance	138,121
Foreign currency translation adjustments	0
Ending balance	138,121
Business Solutions
Changes in the Carrying Amount of Goodwill
Beginning balance	45,823
Foreign currency translation adjustments	0
Ending balance	$ 45,823

Goodwill and Other Intangible39

Goodwill and Other Intangible Assets (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Goodwill
Impairment of goodwill	$ 0	$ 0
Amortization expense for intangible assets	$ 12,200,000	$ 12,000,000

Goodwill and Other Intangible40

Goodwill and Other Intangible Assets - Other Intangible Assets (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 643,376	$ 637,570
Accumulated amortization	(369,840)	(357,609)
Net carrying amount	273,536	279,961
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	344,434	344,175
Accumulated amortization	(174,807)	(168,134)
Net carrying amount	$ 169,627	$ 176,041
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	14 years	14 years
Trademark
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 42,104	$ 41,594
Accumulated amortization	(26,172)	(25,241)
Net carrying amount	$ 15,932	$ 16,353
Trademark | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	2 years	2 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	$ 200,299	$ 195,262
Accumulated amortization	(140,591)	(136,907)
Net carrying amount	$ 59,708	$ 58,355
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	(28,270)	(27,327)
Net carrying amount	$ 28,269	$ 29,212

Goodwill and Other Intangible41

Goodwill and Other Intangible Assets - Estimated Amortization Expenses (Detail) $ in Thousands	Mar. 31, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Remaining 2,018	$ 35,329
2,019	43,319
2,020	38,149
2,021	33,805
2,022	$ 32,214

Debt and Short-Term Borrowing42

Debt and Short-Term Borrowings - Total Debt (Detail) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Debt Instrument [Line Items]
Note payable	$ 900	$ 1,000
Total debt	600,590	616,740
Note Payable due on August 31, 2019 | Notes Payable
Debt Instrument [Line Items]
Total debt	$ 504	584
Fixed interest rate	7.50%
Note Payable due on April 30, 2021
Debt Instrument [Line Items]
Note payable	$ 389	418
Term A due on April 17, 2018 | Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 26,082	$ 26,690
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	$ 197,641	$ 200,653
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	$ 375,974	$ 376,395
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	$ 0	$ 12,000
Senior Secured Revolving Credit Facility | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.50%	2.50%

Debt and Short-Term Borrowing43

Debt and Short-Term Borrowings - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Oct. 31, 2016	May 31, 2016	Apr. 17, 2013
Debt Instrument [Line Items]
Non interest bearing financing agreement					$ 700,000
Note payable	$ 900,000	$ 1,000,000
Losses reclassified from accumulated other comprehensive loss into income	200,000
Losses expected to be reclassified from accumulated other comprehensive loss into income in the next 12 months	200,000
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	26,100,000	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	199,600,000	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	381,000,000	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	100,000,000
Note payable	$ 0	$ 12,000,000
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 Borrowing44

Debt and Short-Term Borrowings - Summary of Interest Rate Swap Transaction (Detail) - Interest Rate Swap	3 Months Ended
	Mar. 31, 2018USD ($)
Derivative [Line Items]
Notional Amount	$ 200,000,000
1-month LIBOR
Derivative [Line Items]
Fixed Rate	1.9225%

Debt and Short-Term Borrowing45

Debt and Short-Term Borrowings - Carrying Amount of Derivative Instruments on Company's Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Debt Disclosure [Abstract]
Other long-term assets	$ 1,717	$ 214

Financial Instruments and Fai46

Financial Instruments and Fair Value Measurements - Recurring Basis (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial assets
Interest rate swap	$ 1,717	$ 214
Recurring | Level 1
Financial assets
Interest rate swap	0	0
Recurring | Level 2
Financial assets
Interest rate swap	1,717	214
Recurring | Level 3
Financial assets
Interest rate swap	$ 0	$ 0

Financial Instruments and Fai47

Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Financial assets
Interest rate swap	$ 1,717	$ 214
Carrying Amount
Financial assets
Interest rate swap	1,717	214
Carrying Amount | Credit Facility | Senior Secured Term B Loan
Financial liabilities
Senior secured term loan	375,974	376,395
Carrying Amount | Credit Facility | 2018 Term A Loan
Financial liabilities
Senior secured term loan	26,082	26,690
Carrying Amount | Credit Facility | 2020 Term A Loan
Financial liabilities
Senior secured term loan	197,641	200,653
Fair Value
Financial assets
Interest rate swap	1,717	214
Fair Value | Credit Facility | Senior Secured Term B Loan
Financial liabilities
Senior secured term loan	380,048	370,540
Fair Value | Credit Facility | 2018 Term A Loan
Financial liabilities
Senior secured term loan	25,587	26,027
Fair Value | Credit Facility | 2020 Term A Loan
Financial liabilities
Senior secured term loan	$ 197,587	$ 196,584

Financial Instruments and Fai48

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - Credit Facility - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Term A due on April 17, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 26.1	$ 29.5
Term A due January 17, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	199.6	216
Senior Secured Term B Loan
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Secured credit facilities	$ 381	$ 386

Equity (Detail)

Equity (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	$ 147,976
Other comprehensive income before reclassifications	3,743
Effective portion reclassified to Net Income	167
Ending balance	179,285
Foreign Currency Translation Adjustments
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	(11,062)
Other comprehensive income before reclassifications	2,407
Effective portion reclassified to Net Income	0
Ending balance	(8,655)
Cash Flow Hedge
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	214
Other comprehensive income before reclassifications	1,336
Effective portion reclassified to Net Income	167
Ending balance	1,717
Total
Changes in Accumulated Other Comprehensive Income (Loss)
Beginning balance	(10,848)
Ending balance	$ (6,938)

Share-based Compensation (Detai

Share-based Compensation (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation expenses	$ 3.6	$ 2
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stocks and RSU's	$ 29.3
Unrecognized compensation cost, weighted average period of recognition	2 years 4 months 6 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	1 year
Awards with Performance Conditions | 2016 LTIP
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
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 - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Detail) - Restricted Shares and RSUs	3 Months Ended
	Mar. 31, 2018$ / sharesshares
Shares
Beginning balance (in shares) | shares	2,340,892
Forfeited (in shares) | shares	94,641
Vested (in shares) | shares	313,217
Granted (in shares) | shares	596,803
Ending balance (in shares) | shares	2,529,837
Weighted-average grant date fair value
Beginning balance (in usd per share) | $ / shares	$ 15.08
Forfeited (in usd per share) | $ / shares	24.45
Vested (in usd per share) | $ / shares	15.29
Granted (in usd per share) | $ / shares	16.75
Ending balance (in usd per share) | $ / shares	$ 15.10

Revenues - Impact of Adoption o

Revenues - Impact of Adoption of Topic 606 (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Assets
Prepaid expenses and other assets	$ 30,318	$ 25,011
Liabilities and stockholders' equity
Unearned income	9,521	$ 7,737
Calculated under Revenue Guidance in Effect before Topic 606
Assets
Prepaid expenses and other assets	30,130
Liabilities and stockholders' equity
Unearned income	10,105
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Assets
Prepaid expenses and other assets	(188)
Liabilities and stockholders' equity
Unearned income	$ 584

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Disaggregation of Revenue [Line Items]
Revenues	$ 110,274
Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	1,491
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	108,783
Payment Services - Puerto Rico & Caribbean
Disaggregation of Revenue [Line Items]
Revenues	18,583
Payment Services - Puerto Rico & Caribbean | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	126
Payment Services - Puerto Rico & Caribbean | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	18,457
Payment Services - Latin America
Disaggregation of Revenue [Line Items]
Revenues	20,391
Payment Services - Latin America | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	392
Payment Services - Latin America | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	19,999
Merchant Acquiring, net
Disaggregation of Revenue [Line Items]
Revenues	23,379
Merchant Acquiring, net | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	0
Merchant Acquiring, net | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	23,379
Business Solutions
Disaggregation of Revenue [Line Items]
Revenues	47,921
Business Solutions | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	973
Business Solutions | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	$ 46,948

Revenues - Contract Balances (D

Revenues - Contract Balances (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)
Revenue from Contract with Customer [Abstract]
Balance at beginning of period	$ 1,903
Services transferred to customers	56
Transfers to accounts receivable	(132)
Balance at March 31, 2018	$ 1,827

Revenues (Details)

Revenues (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Accounts receivable, net	$ 90,037	$ 83,328
Unearned income	9,521	7,737
Unearned income - long term	23,695	$ 23,486
Revenue recognized that was included in unearned income	3,700
Transaction price allocated to performance obligations that are unsatisfied or partially satisfied	$ 245,800
Revenue, remaining performance obligation, period of expected timing of satisfaction	7 years
Minimum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfaction	2 years
Maximum
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfaction	5 years

Income Tax - Components of Inco

Income Tax - Components of Income Tax Expense (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Current tax provision	$ 5,087	$ 3,507
Deferred tax benefit	(1,152)	(1,487)
Income tax expense	$ 3,935	$ 2,020

Income Tax - Tax Expense Based

Income Tax - Tax Expense Based on Location (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Current tax provision
Puerto Rico	$ 2,399	$ 1,806
United States	80	(186)
Foreign countries	2,608	1,887
Total current tax provision	5,087	3,507
Deferred tax benefit
Puerto Rico	(839)	(589)
United States	(87)	(103)
Foreign countries	(226)	(795)
Total deferred tax benefit	$ (1,152)	$ (1,487)

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2018	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Unremitted earnings from foreign subsidiaries	$ 34.5
Gross deferred tax asset	8.8	$ 8.3
Gross deferred tax liability	$ 20.7	$ 21.1

Income Tax - Effective Income T

Income Tax - Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Computed income tax at statutory rates	$ 10,549	$ 9,812
Differences in tax rates due to multiple jurisdictions	1,021	(555)
Tax benefit due to a change in estimate	0	(334)
Effect of income subject to tax-exemption grant	(8,313)	(7,011)
Unrecognized tax benefit	556	116
Other expense (benefit)	122	(8)
Income tax expense	$ 3,935	$ 2,020

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
	Mar. 31, 2018	Mar. 31, 2017
Earnings Per Share [Abstract]
Net income attributable to EVERTEC, Inc.	$ 23,022	$ 23,029
Less: non-forfeitable dividends on restricted stock	14	16
Net income available to EVERTEC, Inc.’s common shareholders	$ 23,008	$ 23,013
Weighted average common shares outstanding (in shares)	72,409,462	72,636,166
Weighted average potential dilutive common shares (in shares)	963,373	518,527
Weighted average common shares outstanding - assuming dilution (in shares)	73,372,835	73,154,693
Net income per common share - basic (in usd per share)	$ 0.32	$ 0.32
Net income per common share - diluted (in usd per share)	$ 0.31	$ 0.31

Commitments and Contingencies (

Commitments and Contingencies (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Rent expense of office facilities and real estate	$ 2.2	$ 2
Rent expense for telecommunications and other equipment	$ 1.5	$ 1.5

Related Party Transactions - Tr

Related Party Transactions - Transactions with Related Parties (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Transactions with Third Party
Total revenues	$ 45,535	$ 45,013
Cost of revenues	384	486
Rent and other fees	1,963	2,036
Interest earned from affiliate
Interest income	32	39
Revenues generated from investee accounted for under equity method	$ 300	$ 500
Popular | Customer Concentration Risk | Total Revenue
Interest earned from affiliate
Total percentage of revenues from Popular		44.00%

Related Party Transactions - Ba

Related Party Transactions - Balances of Transactions (Detail) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Cash and restricted cash deposits in affiliated bank	$ 25,922	$ 23,227
Other due/to from affiliate
Accounts receivable	21,938	18,073
Prepaid expenses and other assets	1,723	1,216
Other long-term assets	317	288
Accounts payable	6,127	5,827
Unearned income	$ 21,321	$ 19,768

Segment Information - Operation

Segment Information - Operations by Segments (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2018USD ($)segment	Mar. 31, 2017USD ($)
Segment Reporting Information [Line Items]
Number of operating business segments (in segment) | segment	4
Revenues	$ 110,274	$ 101,280
Operating costs and expenses	76,719	70,688
Depreciation and amortization	15,867	15,684
Non-operating income (expenses)	1,016	1,417
EBITDA	50,438	47,693
Compensation and benefits	3,829	2,076
Transaction, refinancing and other fees	(299)	(610)
Adjusted EBITDA	53,968	49,159
Operating Segments | Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Revenues	27,168	26,452
Operating costs and expenses	12,933	11,802
Depreciation and amortization	2,316	2,149
Non-operating income (expenses)	816	553
EBITDA	17,367	17,352
Compensation and benefits	193	99
Transaction, refinancing and other fees	(250)	(660)
Adjusted EBITDA	17,310	16,791
Operating Segments | Payment Services - Latin America
Segment Reporting Information [Line Items]
Revenues	20,391	12,964
Operating costs and expenses	18,060	12,266
Depreciation and amortization	2,449	1,871
Non-operating income (expenses)	1,813	2,731
EBITDA	6,593	5,300
Compensation and benefits	400	151
Transaction, refinancing and other fees	0
Adjusted EBITDA	6,993	5,451
Operating Segments | Merchant Acquiring, net
Segment Reporting Information [Line Items]
Revenues	23,379	22,485
Operating costs and expenses	13,141	13,413
Depreciation and amortization	420	599
Non-operating income (expenses)	4	1
EBITDA	10,662	9,672
Compensation and benefits	190	95
Transaction, refinancing and other fees	0	0
Adjusted EBITDA	10,852	9,767
Operating Segments | Business Solutions
Segment Reporting Information [Line Items]
Revenues	47,921	47,997
Operating costs and expenses	29,015	29,765
Depreciation and amortization	3,519	4,014
Non-operating income (expenses)	300	0
EBITDA	22,725	22,246
Compensation and benefits	440	226
Transaction, refinancing and other fees	0	0
Adjusted EBITDA	23,165	22,472
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(8,585)	(8,618)
Operating costs and expenses	3,570	3,442
Depreciation and amortization	7,163	7,051
Non-operating income (expenses)	(1,917)	(1,868)
EBITDA	(6,909)	(6,877)
Compensation and benefits	2,606	(1,505)
Transaction, refinancing and other fees	(49)	50
Adjusted EBITDA	$ (4,352)	$ (5,322)

Segment Information - Income fr

Segment Information - Income from Segments to Consolidated Net Income (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Segment Reporting [Abstract]
Total EBITDA	$ 50,438	$ 47,693
Less
Income tax expense	3,935	2,020
Interest expense, net	7,522	6,851
Depreciation and amortization	15,867	15,684
Net income	$ 23,114	$ 23,138

Subsequent Events (Details)

Subsequent Events (Details) - Credit Facility - USD ($) $ in Thousands	Apr. 17, 2018	Mar. 31, 2018	Dec. 31, 2017
Term A due on April 17, 2018
Subsequent Event [Line Items]
Credit facility		$ 26,082	$ 26,690
Term A due on April 17, 2018 | Subsequent Event
Subsequent Event [Line Items]
Credit facility	$ 26,100
Senior Secured Revolving Credit Facility
Subsequent Event [Line Items]
Revolving facility, total borrowing capacity		$ 100,000
Senior Secured Revolving Credit Facility | Subsequent Event
Subsequent Event [Line Items]
Revolving facility, current borrowing capacity	35,000
Revolving facility, total borrowing capacity	$ 65,000