EVERTEC (EVTC) 10-K 26 Feb 19 2018 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2018	Feb. 15, 2019	Jun. 29, 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-K
Document Period End Date	Dec. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		72,378,710
Entity Shell Company	false
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	No
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Public Float			$ 1,088,117,961

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 69,973	$ 50,423
Restricted cash	16,773	9,944
Accounts receivable, net	100,323	83,328
Prepaid expenses and other assets	29,124	25,011
Total current assets	216,193	168,706
Investment in equity investee	12,149	13,073
Property and equipment, net	36,763	37,924
Goodwill	394,644	398,575
Other intangible assets, net	259,269	279,961
Deferred tax asset	1,917	988
Other long-term assets	6,357	3,561
Total assets	927,292	902,788
Current Liabilities:
Accrued liabilities	57,006	38,451
Accounts payable	47,272	41,135
Unearned income	11,527	7,737
Income tax payable	6,650	1,406
Current portion of long-term debt	14,250	46,487
Short-term borrowings	0	12,000
Total current liabilities	136,705	147,216
Long-term debt	524,056	557,251
Deferred tax liability	9,950	13,820
Unearned income—long-term	26,075	23,486
Other long-term liabilities	14,900	13,039
Total liabilities	711,686	754,812
Commitments and contingencies (Note 22)
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; 72,378,710 shares issued and outstanding at December 31, 2018 (December 31, 2017 - 72,393,933)	723	723
Additional paid-in capital	5,783	5,350
Accumulated earnings	228,742	148,887
Accumulated other comprehensive loss, net of tax	(23,789)	(10,848)
Total EVERTEC, Inc. stockholders’ equity	211,459	144,112
Non-controlling interest	4,147	3,864
Total equity	215,606	147,976
Total liabilities and equity	$ 927,292	$ 902,788

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 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)	72,378,710	72,393,933
Common stock, outstanding (in shares)	72,378,710	72,393,933

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenues	$ 453,869	$ 407,144	$ 389,507
Operating costs and expenses
Cost of revenues, exclusive of depreciation and amortization shown below	196,957	200,650	175,809
Selling, general and administrative expenses	68,717	56,161	46,986
Depreciation and amortization	63,067	64,250	59,567
Total operating costs and expenses	328,741	321,061	282,362
Income from operations	125,128	86,083	107,145
Non-operating income (expenses)
Interest income	787	716	377
Interest expense	(30,044)	(29,861)	(24,617)
Earnings (losses) of equity method investment	692	604	(52)
Other income, net	2,602	2,657	544
Total non-operating expenses	(25,963)	(25,884)	(23,748)
Income before income taxes	99,165	60,199	83,397
Income tax expense	12,596	4,780	8,271
Net income	86,569	55,419	75,126
Less: Net income attributable to non-controlling interest	299	365	90
Net income attributable to EVERTEC, Inc.’s common stockholders	86,270	55,054	75,036
Other comprehensive (loss) income, net of tax of $345, $122 and $176
Foreign currency translation adjustments	(10,564)	(635)	(3,360)
(Loss) gain on cash flow hedges	(2,377)	2,178	(1,449)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders	$ 73,329	$ 56,597	$ 70,227
Net income per common share - basic attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	$ 1.19	$ 0.76	$ 1.01
Net income per common share - diluted attributable to EVERTEC, Inc.’s common stockholders (in usd per share)	1.16	0.76	1.01
Cash dividends declared per share (in usd per share)	$ 0.10	$ 0.30	$ 0.40

Consolidated Statements of In_2

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Other comprehensive income, income tax expense	$ 345	$ 122	$ 176

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - 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, 2015		74,988,210
Beginning balance at Dec. 31, 2015	$ 98,214	$ 750	$ 9,718	$ 95,328	$ (7,582)	$ 0
Share-based compensation recognized	$ 6,408		6,408
Repurchase of common stock (in shares)	(2,500,000)	(2,504,427)
Repurchase of common stock	$ (39,946)	$ (25)	(15,594)	(24,327)
Restricted stock grants and units delivered, net of cashless exercise (in shares)		142,856
Restricted stock units delivered, net of cashless	(470)	$ 1	(471)
Stock options exercised, net of cashless exercise (in shares)		8,393
Stock options exercised, net of cashless exercise	(79)		(79)
Net income	75,126			75,036		90
Cash dividends declared on common stock	(29,696)			(29,696)
Non-controlling interest on acquisition	3,409					3,409
Dividend reversal for forfeited options	(18)		(18)
Other comprehensive loss	(4,809)				(4,809)
Ending balance (in shares) at Dec. 31, 2016		72,635,032
Ending balance at Dec. 31, 2016	108,175	$ 726	0	116,341	(12,391)	3,499
Share-based compensation recognized	$ 9,642		9,642
Repurchase of common stock (in shares)	(500,000)	(465,240)
Repurchase of common stock	$ (7,671)	$ (5)	(2,702)	(4,964)
Restricted stock grants and units delivered, net of cashless exercise (in shares)		215,343
Restricted stock units delivered, net of cashless	(1,497)	$ 2	(1,499)
Stock options exercised, net of cashless exercise (in shares)		8,798
Stock options exercised, net of cashless exercise	(91)		(91)
Net income	55,419			55,054		365
Cash dividends declared on common stock	(21,747)			(21,747)
Other comprehensive loss	$ 1,543				1,543
Ending balance (in shares) at Dec. 31, 2017	72,393,933	72,393,933
Ending balance at Dec. 31, 2017	$ 147,976	$ 723	5,350	148,887	(10,848)	3,864
Share-based compensation recognized	$ 12,592		12,592
Repurchase of common stock (in shares)	(400,000)	(367,403)
Repurchase of common stock	$ (10,000)	$ (4)	(9,996)
Restricted stock grants and units delivered, net of cashless exercise (in shares)		352,180
Restricted stock units delivered, net of cashless	(2,159)	$ 4	(2,163)
Net income	86,569			86,270		299
Cash dividends declared on common stock	(7,273)			(7,273)
Other comprehensive loss	$ (12,941)				(12,941)
Ending balance (in shares) at Dec. 31, 2018	72,378,710	72,378,710
Ending balance at Dec. 31, 2018	$ 215,606	$ 723	$ 5,783	$ 228,742	$ (23,789)	$ 4,147

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash flows from operating activities
Net income	$ 86,569	$ 55,419	$ 75,126
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	63,067	64,250	59,567
Amortization of debt issue costs and accretion of discount	4,316	5,128	4,334
Loss on extinguishment of debt	2,645	0	1,476
Provision for doubtful accounts and sundry losses	2,112	843	1,990
Deferred tax benefit	(4,611)	(4,306)	(4,594)
Share-based compensation	12,592	9,642	6,408
Loss on impairment of software	0	11,441	2,277
Loss on disposition of property and equipment and other intangibles	109	430	453
(Earnings) losses of equity method investment	(692)	(604)	52
Dividend received from equity method investment	390	0	0
(Increase) decrease in assets:
Accounts receivable	(18,181)	(2,099)	(2,583)
Prepaid expenses and other assets	(3,911)	(4,048)	(1,426)
Other long-term assets	(4,432)	1,654	(1,790)
Increase (decrease) in liabilities:
Accounts payable and accrued liabilities	16,057	(870)	14,594
Income tax payable	5,245	(349)	405
Unearned income	7,021	8,444	8,018
Other long-term liabilities	4,438	811	3,747
Total adjustments	86,165	90,367	92,928
Net cash provided by operating activities	172,734	145,786	168,054
Cash flows from investing activities
Additions to software	(27,386)	(22,174)	(23,819)
Acquisitions, net of cash acquired	0	(42,836)	(15,600)
Property and equipment acquired	(13,933)	(11,290)	(18,450)
Proceeds from sales of property and equipment	19	32	81
Net cash used in investing activities	(41,300)	(76,268)	(57,788)
Cash flows from financing activities
Proceeds from issuance of long-term debt	545,000	0	75,763
Debt issuance costs	(4,418)	0	(4,830)
Net decrease in short-term borrowings	(12,000)	(16,000)	11,000
Repayments of borrowings for purchase of equipment and software	(720)	(2,373)	(2,213)
Dividends paid	(7,273)	(21,762)	(29,696)
Withholding taxes paid on share-based compensation	(2,159)	(1,588)	(548)
Repurchase of common stock	(10,000)	(7,671)	(39,946)
Repayment of long-term debt	(613,485)	(19,789)	(96,741)
Credit amendment fees	0	0	(3,587)
Net cash used in financing activities	(105,055)	(69,183)	(90,798)
Net increase in cash, cash equivalents and restricted cash	26,379	335	19,468
Cash, cash equivalents and restricted cash at beginning of the period	60,367	60,032	40,564
Cash, cash equivalents and restricted cash at end of the period	86,746	60,367	60,032
Reconciliation of cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash	60,367	60,032	40,564
Supplemental disclosure of cash flow information:
Cash paid for interest	26,891	25,379	22,535
Cash paid for income taxes	9,750	9,930	8,697
Supplemental disclosure of non-cash activities:
Payable due to vendor related to property and equipment and software acquired	$ 317	$ 1,037	$ 3,302

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2018
Accounting Policies [Abstract]
The Company and Summary of Significant Accounting Policies	The Company and Summary of Significant Accounting Policies 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 services and business process management 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. Initial Public Offering and Other Public Offerings On April 17, 2013, the Company completed its initial public offering of 28,789,943 shares of common stock at a price to the public of $20.00 per share. On September 18, 2013 and December 13, 2013, the Company completed public offerings of 23,000,000 and 15,233,273 shares, respectively, of the Company’s common stock by Apollo Global Management, LLC ("Apollo") and Popular, Inc. ("Popular"), and current and former employees. As of December 31, 2018 , Popular owned approximately 11.7 million shares of EVERTEC's common stock, or 16.1% and Apollo no longer owns any of the Company’s common stock. Basis of Presentation The consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the accompanying consolidated financial statements, prepared in accordance with GAAP, contain all adjustments, all of which are normal and recurring in nature, necessary for a fair presentation. A summary of the most significant accounting policies used in preparing the accompanying consolidated financial statements is as follows: Principles of Consolidation The accompanying consolidated financial statements include the accounts and operations of the Company, which are presented in accordance with GAAP. The Company consolidates all entities that are controlled by ownership of a majority voting interest. Intercompany accounts and transactions are eliminated in the consolidated financial statements. Use of Estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Revenue Recognition The Company’s revenue recognition policy follows the guidance from Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , which provides guidance on the recognition, presentation, and disclosure of revenue from contracts with customers in consolidated financial statements. The Company recognizes revenue when (or as) control of goods or services are transferred to a customer. The transfer of control occurs when the customer can direct the use of and receive substantially all the benefits from the transferred good or service. Therefore, revenue is recognized over time (typically for services) or at a point in time (typically for goods). The assessment of revenue recognition is performed by the Company based on the five-step model established in Topic 606, as follows: Step 1: Identify the contract with customer; Step 2: Identify the performance obligations in the contract; Step 3: Determine the transaction price; Step 4: Allocate the transaction price to the performance obligations in the contract; and Step 5: Recognize revenue when or as the entity satisfies a performance obligation. At contract inception, the Company evaluates whether the contract (i) is legally enforceable; (ii) approved by both parties; (iii) properly defines rights and obligations of the parties, including payment terms; (iv) has commercial substance; and (v) collection of substantially all consideration entitled is probable, before proceeding with the assessment of revenue recognition. If any of these requirements is not met, the contract does not exist for purposes of the model and any consideration received is recorded as a liability. A reassessment may be performed in a later date upon change in facts and circumstances. The Company also evaluates within this step if contracts issued within a period of 6 months with the same customer should be accounted for as a single contract. The Company’s contracts with customers may be modified through amendments, change requests and waivers. Upon receipt, modifications of contracts with customers are evaluated to determine if must be accounted for: (i) as a separate contract, (ii) a cumulative catch-up, or (iii) as a termination and creation of a new contract. Contract modifications must also comply with the requirements to determine if a contract with a customer exists for accounting purposes. To identify performance obligations within contracts with customers, the Company first identifies all the promises in the contract (i.e., explicit and implicit). This includes the customer’s options to acquire additional goods or services for free or at a discount in exchange for an upfront payment. Then, the Company proceeds to exclude the immaterial promises from the assessment of identifying performance obligations; and to evaluate if customer’s options to acquire additional goods or services represent a material right based on corporate’s defined thresholds (i.e., equal or lower than 20% of contract value), to determine if they must be included in the assessment. The Company may exclude as immaterial promises, the promises with a transaction price equal or lower than 10 percent of the total contract value. After excluding immaterial promises and options not considered a material right, the Company assesses if each material good or service (or bundle of goods or services) is distinct in nature (i.e., the customer can benefit from the good or service on its own or together with other readily available resources), and is capable of being distinct in the context of the contract (i.e., the promise to transfer the good or service is separately identifiable from other promises in the contract). A distinct good or service (or bundle of goods or services) constitutes a performance obligation. The Company also applies the series guidance to distinct goods or services (either with a specified quantity of goods or services or a stand-ready service), with an over time revenue recognition, to determine whether they should be accounted for as a single performance obligation. These distinct goods or services are recognized as a single performance obligation when their nature and timely increments are substantially the same and have the same pattern of transfer to the customer (i.e., the distinct goods or services within the series use the same method to measure progress towards complete satisfaction). To determine if a performance obligation should be recognized over time, one or more of the following criteria must be met: (1) the customer simultaneously receives and consumes the benefits as the Company performs (i.e., routine or recurring services); (2) the customer controls the asset as the entity creates or enhances it (i.e., asset on customer’s site); or (3) the Company’s performance does not create an asset for which the Company has an alternative use and there is a right to payment for performance to date (i.e., asset built to order). Performance obligations that do not meet the over time criteria are recognized at a point in time. In addition, in Step 2 of the model, the Company evaluates whether the practical expedient of right-to-invoice applies. If this practical expedient is applicable, steps 3, 4 and 5 are waived. For this practical expedient to apply, the right to consideration must correspond directly with the value received by the customer for the Company’s performance to date, no significant up-front payments or retroactive adjustments must exist, and specified minimums must be deemed non-substantive at the contract level. If the contract with the customer has multiple performance obligations and the practical expedient of right-to-invoice does not apply, the Company proceeds to determine the transaction price and allocate it on a stand-alone selling price basis among the different performance obligations identified in the Step 2. The Company generally applies the expected cost-plus margin approach to determine the stand-alone selling price at the performance obligation level. In addition, for performance obligations that are satisfied over time and the right to invoice practical expedient is not available, the Company determines a method to measure progress (i.e., input or output method) based on current facts and circumstances. When these performance obligations have variable consideration within its transaction price and are part of a series, the Company allocates the variable consideration to each time increment. As part of the revenue recognition analysis, when another party is involved in providing goods or services to a customer, the Company evaluates, for each performance obligation, whether is providing the goods or services itself (i.e., as principal), or if it is only arranging on behalf of the other party. The Company acts as principal if it controls the specified good or service before that good or service is transferred to a customer. To determine if the Company acts as an agent, the Company considers indicators, such as: (i) the responsibility to fulfill a promise; (ii) the inventory risk; and (iii) the price determination. Investment in Equity Investee The Company accounts for investments using the equity method of accounting if the investment provides the Company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the Company has an ownership interest in the voting stock of an investor of between 20 percent and 50 percent, although other factors are considered in determining whether the equity method of accounting is appropriate. Under this method, the investment, originally recorded at cost, is adjusted to recognize the Company’s share of net income or losses as they occur. The Company’s share of investee earnings or losses is recorded, net of taxes, within earnings (losses) of equity method investment caption in the consolidated statements of income and comprehensive income. The Company’s consolidated revenues include fees for services provided to an investee accounted for under the equity method. Additionally, the Company’s interest in the net assets of its equity method investee is reflected in the consolidated balance sheets. On the acquisition of the investment any difference between the cost of the investment and the amount of the underlying equity in net assets of an investee is required to be accounted as if the investee were a consolidated subsidiary. If the difference is assigned to depreciable or amortizable assets or liabilities, then the difference should be amortized or accreted in connection with the equity earnings based on the Company’s proportionate share of the investee’s net income or loss. If the investor is unable to relate the difference to specific accounts of the investee, the difference should be considered goodwill. The Company considers whether the fair value of its equity method investment has declined below its carrying value whenever adverse events or changes in circumstances indicate that recorded values may not be recoverable. If the Company considered any such decline to be other than temporary (based on various factors, including historical financial results, product development activities and the overall health of the investee’s industry), then the Company would record a write-down to estimated fair value. Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method and expensed over their estimated useful lives. Amortization of leasehold improvements is computed over the terms of the respective leases, including renewal options considered by management to be reasonably assured of being exercised, or the estimated useful lives of the improvements, whichever is shorter. Costs of maintenance and repairs which do not improve or extend the life of the respective assets are expensed as incurred. Impairment of Long-lived Assets Long-lived assets to be held and used, and long-lived assets to be disposed of, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Capitalization of Software The Company develops software that is used in providing processing services to customers. Capitalized software includes purchased software and internally-developed software and is recognized as software packages within the other intangible assets line item in the consolidated balance sheets. Capitalization of internally developed software occurs only after the preliminary project stage is complete and technological feasibility has been achieved, and management’s estimation that the likelihood of successful development and implementation reaches a provable level. Tasks that are generally capitalized are as follows: (a) system design of a chosen path including software configuration and software interfaces; (b) employee costs directly associated with the internal-use computer software project; (c) software development (coding) and software and system testing and verification; (d) system installation; and (e) enhancements that add function and are considered permanent. These tasks are capitalized and amortized using the straight line method over its estimated useful life, which range from three to ten years and is included in depreciation and amortization in the consolidated statements of income and comprehensive income. The Company capitalizes interest costs incurred in the development of software. The amount of interest capitalized is an allocation of the interest cost incurred during the period required to substantially complete the asset. The interest rate for capitalization purposes is based on a weighted average rate on the Company’s outstanding borrowing. For the years ended December 31, 2018 , 2017 and 2016 , interest cost capitalized amounted to approximately $1.1 million , $0.8 million and $0.4 million , respectively. Software and Maintenance Contracts Software and maintenance contracts are recorded at cost. Amortization of software and maintenance contracts is computed using the straight-line method and expensed over their estimated useful lives which range from one to five years and are recognized in cost of revenues in the consolidated statements of income and comprehensive income. Software and maintenance contracts are recognized as prepaid expenses and other assets or within other long-term assets depending on their remaining useful lives. Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price and related costs over the value assigned to net assets acquired. Goodwill is not amortized, but is tested for impairment at least annually, or more often if events or 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 shall be used to identify goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The Company may assess qualitative factors to determine whether it is more likely than not, that is, a likelihood of more than 50 percent that the fair value of the reporting unit is less than its carrying amount, including goodwill. The Company has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Company may resume performing the qualitative assessment in any subsequent period. The quantitative goodwill impairment test, used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the Company determines to perform a quantitative impairment test, a third-party valuator may be engaged to prepare an independent valuation of each reporting unit. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company shall consider the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment loss. For the years ended December 31, 2018 , 2017 and 2016 , no impairment losses associated with goodwill were recognized. Other identifiable intangible assets with definitive useful lives are amortized using the straight-line method or accelerated methods. These intangibles are evaluated periodically for impairment when events or changes in circumstances indicate that the carrying amounts may not be recoverable. Other identifiable intangible assets with definitive useful lives include customer relationships, trademarks, software packages and a non-compete agreement. Customer relationships were valued using the excess earnings method under the income approach. Trademark assets were valued using the relief-from-royalty method under the income approach. Internally developed software packages, which include capitalized software development costs, are recorded at cost, while software packages acquired as part of a business combination were valued using the relief-from-royalty method under the income approach. The non-compete agreement was valued based on the estimated impact that theoretical competition would have on revenues and expenses. Derivative Instruments and Hedging Activities The Company uses derivative financial instruments to enhance its ability to manage its exposure to certain financial and market risks. On the date the derivative instrument contract is entered into, the Company may designate the derivative as (1) a hedge of the fair value of a recognized asset or liability or an unrecognized firm commitment (“fair value” hedge), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge), or (3) as a “standalone” derivative instrument, including economic hedges that the Company has not formally documented as a fair value or cash flow hedge. Changes in the fair value of a derivative that qualifies for cash flow hedge accounting are recognized in Other Comprehensive Income (Loss). Amounts accumulated in other comprehensive income (loss) are reclassified to earnings when the related cash outflow affects earnings. Changes in the fair value of a derivative instrument that is highly effective and that is designated and qualifies as a fair value hedge, along with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk (including gains or losses on firm commitments), are recorded in current-period earnings. Similarly, the changes in the fair value of stand-alone derivative instruments or derivatives not qualifying or designated for hedge accounting are reported in current-period earnings. The Company recognizes all derivative financial instruments in the Consolidated Balance Sheets as assets or liabilities at fair value. The Company presents derivative assets and derivative liabilities separately in the Consolidated Balance Sheets. The Company does not enter into derivative financial instruments for speculative purposes. Income Tax Income taxes are accounted for under the asset and liability method. A temporary difference refers to a difference between the tax basis of an asset or liability, determined based on recognition and measurement requirements for tax positions, and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. Deferred tax assets and liabilities represent the future effects on income taxes that result from temporary differences and carryforwards that exist at the end of a period. Deferred tax assets and liabilities are measured using enacted tax rates and provisions of the enacted tax law and are not discounted to reflect the time-value of money. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statements of income and comprehensive income in the period that includes the enactment date. A deferred tax valuation allowance is established if it is considered more likely than not that all or a portion of the deferred tax asset will not be realized. The Company recognizes the benefit of uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement or disposition of the underlying issue with the taxing authority. Accordingly, the amount of benefit recognized in the consolidated financial statements may differ from the amount taken or expected to be taken in the tax return resulting in unrecognized tax benefits (“UTBs”). The Company recognizes the interest and penalties associated with UTBs as part of the provision for income taxes on its consolidated statements of income and comprehensive income. Accrued interest and penalties are included on the related tax liability line in the consolidated balance sheets. All companies within EVERTEC are legal entities which file separate income tax returns. Cash and cash equivalents Cash includes cash on hand and in banks and certificates of deposits with original maturities of three months or less. Restricted Cash Restricted cash represents cash received on deposits from participating institutions of the ATH network that has been segregated for the development of the ATH brand and cash maintained as collateral for a credit facility with Popular. Also, restricted cash includes certain cash collected from the Ticketpop business and a reserve account for payment and transaction processing services to merchants. The restrictions of these accounts are based on contractual provisions entered into with third parties. This cash is maintained in separate accounts at a financial institution in Puerto Rico. Allowance for Doubtful Accounts An allowance for doubtful accounts is provided for based on the estimated uncollectible amounts of the related receivables. The estimate is primarily based on a review of the current status of specific accounts receivable. Receivables are considered past due if full payment is not received by the contractual date. Past due accounts are generally written off against the allowance for doubtful accounts only after all collection attempts have been exhausted. Foreign Currency Translation Assets and liabilities denominated in foreign currencies are translated to U.S. dollars using prevailing rates of exchange at the end of the period. Revenues, expenses, gains and losses are translated using weighted average rates for the period. The resulting foreign currency translation adjustment from operations for which the functional currency is other than the U.S. dollar is reported in accumulated other comprehensive loss. Gains and losses on transactions denominated in currencies other than the functional currencies are included in determining net income for the period in which exchange rates change. Share-based Compensation The Company estimates the fair value of stock-based awards, on a contemporaneous basis, at the date they are granted using the Monte Carlo simulation analysis for market based restricted stock units (“RSUs”) using the following assumptions: (1) stock price; (2) risk-free rate; (3) expected volatility; (4) expected annual dividend yield and (5) expected term. The risk-free rate is based on the U.S. Constant Maturities Treasury Interest Rate as of the grant date or the yield of a 2-year or 3-year Treasury bond, as applicable. The expected volatility is based on a combination of historical volatility and implied volatility from publicly traded companies in the Company’s industry. The expected annual dividend yield is based on management’s expectations of future dividends as of the grant date and, in certain cases, assumes that those dividends will be reinvested over the performance period. Performance and time based RSUs and restricted stock are valued based on the market price of the Company’s stock at the grant date. Upon restricted stock or RSUs release, participants may elect to “net share settle”. Rather than requiring the participant to deliver cash to satisfy the tax withholdings, the Company withholds a sufficient number of shares to cover these amounts and delivers the net shares to the participant. Net Income Per Common Share Basic net income per common share is determined by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share assumes the issuance of all potentially dilutive share equivalents using the treasury stock method. For stock options and RSUs it is assumed that the proceeds will be used to buy back shares. For stock options, such proceeds equal the average unrecognized compensation plus exercise price. For unvested restricted share units, the proceeds equal the average unrecognized compensation.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	12 Months Ended
	Dec. 31, 2018
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements Recently adopted accounting pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance for accounting for employee share based payments. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company has adopted this guidance in the first quarter of 2017 with the following effects on its Consolidated Financial Statements: - All excess tax benefits and tax deficiencies should be recognized as income tax expense. This guidance was adopted on a modified retrospective basis with a $4.2 million cumulative impact on retained earnings and will be applied prospectively to all excess tax benefits and tax deficiencies resulting from settlements after the date of adoption. Additionally, for purposes of the diluted share count calculation for the Company's earnings per share, which is performed under the treasury stock method, the Company is no longer including excess tax benefits. - Excess tax benefits should be classified along with other income tax cash flows as an operating activity. This guidance was adopted with no impact on the Consolidated Statement of Cash Flows and will be applied prospectively to all excess tax benefits resulting from settlements after the date of adoption. - An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. The Company has elected to account for forfeitures when they occur. - The threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. The Company has adopted this guidance with no impact on its Consolidated Financial Statements given that withholdings are calculated using actual statutory withholding tables. - Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The Company adopted this guidance with no impact on its Consolidated Statement of Cash Flows as the Company currently classifies statutory withholding taxes paid on share-based compensation as a financing activity. During 2014, the FASB issued new guidance for revenue from contracts with customers, which requires an entity to recognize revenue that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company 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 business entities for interim and annual periods that began after December 15, 2017. Management adopted the standards 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 3 - Revenues for discussions of the impact of adopting ASC Topic 606 on the Company's consolidated financial statements. 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 all periods presented within the financial statements and has included and reconciled restricted cash within cash and cash equivalents in the Consolidated Statements of Cash Flows. 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. 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 August 2017 and October 2018, the FASB issued updated guidance to improve accounting for hedging activities. The amendments in the August 2017 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. The amendments in the October 2018 update permit use of the Overnight Index Swap rate based on Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes, in addition to other permissible U.S. benchmark rates. The Company adopted this guidance in the fourth quarter of 2018. With the adoption of this guidance as long as the Company's assessment for hedge effectiveness continues to indicate that a hedging relationship is highly effective, all changes in the fair value of a hedging instrument will be recorded through other comprehensive income as the updated literature eliminates accounting for hedge ineffectiveness for cash flow hedges. The adoption of this guidance did not have an impact on the Company's classification or accounting for its cash flow hedges. Additional disclosures required by the adoption of this guidance are in Note 12 - Debt and Short-term Borrowings. Recently issued accounting pronouncements The FASB has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In June 2018, the FASB issued updated guidance for accounting for non-employee share-based payments. The update was issued as part of the FASB simplification initiative and requires an entity to apply the requirements of Topic 718 to nonemployee awards, with certain exceptions, which were previously accounted under Topic 505. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted, but no earlier than an entity’s adoption date of Topic 606. The Company will evaluate any future grants to non-employees under the updated guidance once effective. In July 2018, the FASB issued codification improvements for various standards. The amendments represent changes to clarify, correct errors in, or make minor improvements to the codification. Certain amendments included in the update were effective upon issuance of the guidance and the Company adopted without a material impact on the consolidated condensed financial statements. The remaining guidance improvements are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. In August 2018, the FASB issued an updated disclosure framework for fair value measurements. The amendments in the issued update remove, modify and add disclosure requirements on fair value measurements in Topic 820 Fair Value Measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Certain amendments in the update should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company is currently evaluating the impact of the adoption of this update on the notes to the consolidated financial statements. In August 2018, the FASB issued updated guidance for customer's accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is currently evaluating the impact of the adoption of this update to the consolidated financial statements. In October 2018, the FASB issued updated guidance to improve related party guidance for variable interest entities. The updated guidance requires entities to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety when determining whether a decision-making fee is a variable interest. The amendments in this update are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. These amendments should be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The Company does not expect the adoption of this guidance to have an impact on the consolidated financial statements. In November 2018, the FASB issued updated guidance to clarify the interaction between the guidance for collaborative arrangements and the updated revenue recognition guidance. The amendments in this update, among other things, provide guidance on how to assess whether certain collaborative arrangement transactions should be accounted for under Topic 606. The amendments in this update are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. Accounting pronouncements issued prior to 2018 and not yet adopted During 2016, the FASB issued a new standard related to Accounting Standards Codification ("ASC") Topic 842 Leases to increase transparency and comparability among organizations by recognizing Right of Use ("ROU") assets and lease liabilities on the balance sheet for all leases, other than leases that meet the definition of a short term lease, notwithstanding the lease classification. Under the standard, organizations are required to provide disclosures with the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. For lessors, this amended guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. In July 2018, the FASB issued Accounting Standards Update ("ASU") 2018-10 and ASU 2018-11, to amend narrow aspects of the standard, to add a new and optional transition method for the adoption of the new standard and provide lessors with a practical expedient, among others. The Company has elected the transition method provided by the new standard whereby it will apply the requirements of Topic 842 on a prospective basis as of the adoption date of January 1, 2019, without restating prior periods. The Company elected to apply all the practical expedients available for transition, except for the practical expedient pertaining to land easement, since it is not applicable to the Company. Accordingly, upon transition, the Company will account for its existing leases without reassessing (a) whether the contract contains a lease under ASC Topic 842, (b) whether the lease classification should be different in accordance with ASC Topic 842, and (c) whether initial direct costs before transition would have met the definition of the new leasing standard. Also, the Company will consider all facts and circumstances from lease contract inception up to the effective date of ASC Topic 842 to determine lease terms. For financing leases, the Company will change the characterization of the asset (to an ROU asset) and the obligation (to a lease liability). On adoption, the Company expects to recognize additional operating lease liabilities of approximately $36.8 million , with corresponding ROU assets of the same amount based on the present value of the remaining lease payments under current leasing standards for existing operating leases. The new standard also provides practical expedients for an entity's ongoing accounting. The Company elected to apply the short-term lease recognition exception for all leases that qualify. This means that, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities. Currently, the Company does not have short-term leases. In addition, the Company elected the practical expedient of not separating lease and non-lease components for all leases. During the fourth quarter of 2018, the Company initiated the implementation of a third-party supported lease accounting information system solution to track and account for its leases, which was implemented into production in January 2019. Currently, the Company is implementing new lease accounting processes and related internal controls. As a lessor, the Company does not expect a material effect in its financial statements, business processes, systems and controls. During 2016, the FASB issued updated guidance for the measurement of credit losses on financial instruments, which require an entity to recognize impairment based on an expected losses basis rather than on incurred losses, that might result in more timely recognition of credit losses. This guidance is further clarified and amended by an update issued in November 2018. 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 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.

Revenues

Revenues	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Revenues	Revenues Summary of Revenue Recognition Accounting Policy The Company's revenue recognition policy follows Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , which provides guidance on the recognition, presentation and disclosure of revenue from contracts with customers in consolidated financial statements. Revenue is measured based on the consideration specified in a contract with a customer. Once the Company determines a contract's 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 stand-alone selling price ("SSP"). 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 performance obligations At contract inception, the Company assesses the goods and services promised in the contract with a customer and identifies a performance obligation for each promise to transfer to the customer a good or service (or bundle of goods or services) that is distinct. To identify the performance obligations, the Company considers all the goods or services promised in the contract regardless of whether they are explicitly stated or implied. Payment for the Company’s contracts with customers are typically due in full within 30 days of invoice date. The following is a description of the Company's principal revenue generating activities, including the separate performance obligations by operating segment. 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 services 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 mainly as 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 time while the customer benefits from the software. On-premises perpetual licenses 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 in the amount in which the Company has right to consideration. 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 monthly increments 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 usually considered distinct and recognized over time in the amount in which the Company as right to consideration. 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 may also provide professional services to enhance customer's platforms or as IT consulting services by arranging for other parties to transfer the services (i.e., acting as an agent). For these contracts, revenue is recognized on a net basis. 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 23 - 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 Determining a measure of progress for performance obligations satisfied over time requires management to make judgments that affect the timing of revenue to be recognized. The Company exercises judgment in identifying a suitable method that depicts the entity’s performance in transferring control of these performance obligations, 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 generally results in the application of an input method since, in most cases, the outputs used to reasonably measure progress are not directly observable. Usually, the input method based on labor hours incurred, with respect to total expected labor hours to satisfy the performance obligation is applied. For performance obligations satisfied at a point in time, the Company determines that the customer is able to direct the use of, and obtain substantially all of the benefits from, the products at the time the products are delivered, the customer has legal title of the products or the Company’s has the right to payment. The Company mainly uses the expected cost-plus margin approach to allocate the transaction price in contracts with multiple performance obligations. To determine the stand-alone selling price, the Company periodically performs an assessment to determine the margin of goods or services with the assistance of the different business areas. This assessment is performed considering past transactions and/or reasonably available information, including market conditions, trends or other company or customer specific factors, among others. Impact of adoption of Topic 606 The total effect of the adjustments to the Consolidated Financial Statements for the year ended December 31, 2018 and earnings per share is considered immaterial. Disaggregation of revenue The Company disaggregates revenue from contract with customers into the primary geographical markets, nature of products and services, and timing of transfer of goods and services. The revenue disaggregated by segment, which includes the nature of the products and services that the Company provides and the primary geographical markets in which the Company operates is discussed in Note 23 - Segment Information. In the following table, revenue is disaggregated by timing of revenue recognition. December 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 $ 293 $ 2,864 $ — $ 7,329 $ 10,486 Products and services transferred over time 77,744 75,706 99,655 190,278 443,383 $ 78,037 $ 78,570 $ 99,655 $ 197,607 $ 453,869 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 1,187 Transfers to accounts receivable (2,094 ) December 31, 2018 $ 996 Contract assets of the Company arise when the Company has a contract with a customer for which revenue has been recognized (i.e., goods or services have been transferred), but the customer payment is subject to a future event (i.e., satisfaction of additional performance obligations). Contract assets are considered a receivable when the rights to consideration of the Company become unconditional (i.e., the Company has a present right to payment). 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 December 31, 2018 amounted to $100.3 million . Unearned income and Unearned income - Long term, which refer to contract liabilities, at December 31, 2018 amounted to $11.5 million and $26.1 million , respectively, and generally 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 year ended December 31, 2018 , the Company recognized revenue of $8.1 million that was included in unearned income at December 31, 2017 . Transaction price allocated to the remaining performance obligations Revenues from recurring transaction-based and processing services represent the majority of the Company's total revenue as of December 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 performance obligation is part of a contract with 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 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). For contracts excluded from the application of the practical expedients noted above, the estimated aggregate amount of the transaction price allocated to performance obligations that are unsatisfied or partially satisfied at December 31, 2018 is $251.7 million . This amount primarily consists of professional service fees for implementation or set up activities related to hosting services and maintenance services, typically recognized over the life of the contract which vary from 2 to 5 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.

Cash and cash equivalents

Cash and cash equivalents	12 Months Ended
	Dec. 31, 2018
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	Cash and cash equivalents At December 31, 2018 and 2017 , the Company’s cash and cash equivalents amounted to $70.0 million and $50.4 million , respectively, which are deposited in deposit accounts within financial institutions. Of the total cash balance at December 31, 2018 and 2017 , $50.3 million and $30.0 million , respectively, resides in subsidiaries located outside of Puerto Rico. Cash deposited in an affiliate financial institution amounted to $19.6 million as of both December 31, 2018 and 2017 .

Accounts Receivable, Net

Accounts Receivable, Net	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Accounts Receivable, Net	Accounts Receivable, Net Accounts receivable, net consisted of the following: December 31, (In thousands) 2018 2017 Trade $ 61,082 $ 57,740 Due from affiliates, net 25,703 18,089 Settlement assets 15,118 8,949 Other 304 321 Less: allowance for doubtful accounts (1,884 ) (1,771 ) Accounts receivable, net $ 100,323 $ 83,328 The Company records settlement assets that result from timing differences in the Company’s settlement processes with merchants, financial institutions, and credit card associations related to merchant and card transaction processing. The amounts are generally collected or paid the following business day.

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepaid Expenses and Other Assets	Prepaid Expenses and Other Assets Prepaid expenses and other assets consisted of the following: December 31, (In thousands) 2018 2017 Software licenses and maintenance contracts $ 9,961 $ 7,008 Deferred project costs 4,283 3,223 Guarantee deposits 4,611 4,870 Insurance 1,229 1,244 Prepaid income taxes 1,646 1,875 Taxes other than income 1,710 1,551 Postage 2,150 3,068 Other 3,534 2,172 Prepaid expenses and other assets $ 29,124 $ 25,011

Investment in Equity Investee

Investment in Equity Investee	12 Months Ended
	Dec. 31, 2018
Equity Method Investments and Joint Ventures [Abstract]
Investment in Equity Investee	Investment in Equity Investee Consorcio de Tarjetas Dominicanas, S.A. (“CONTADO”) is the largest merchant acquirer and ATM network in the Dominican Republic. The Company uses the equity method of accounting to account for its equity interest in CONTADO. As a result of the acquisition in 2011 of CONTADO’s 19.99% equity interest, the Company calculated an excess cost of the investment in CONTADO over the amount of underlying equity in net assets of approximately $9.0 million , which was mainly attributed to customer relationships, trademark and goodwill intangibles. The Company’s excess basis allocated to amortizable assets is recognized on a straight-line basis over the lives of the appropriate intangibles. Amortization expense for each of the years ended December 31, 2018 , 2017 and 2016 amounted to approximately $0.3 million , $0.2 million and $0.3 million , respectively, and was recorded within earnings (losses) of equity method investment in the consolidated statements of income and comprehensive income. The Company recognized $0.7 million , $0.6 million and $(0.1) million as equity in CONTADO’s net income, net of amortization, in the consolidated statements of income and comprehensive income for the years ended December 31, 2018 , 2017 and 2016 , respectively. For the year ended December 31, 2018 , the Company received $0.4 million in dividends from CONTADO. No dividends were received during 2017 or 2016 . CONTADO fiscal year ends December 31 and is reported in the consolidated statements of income and comprehensive income for the period subsequent to the acquisition date on a one month lag. No significant events occurred in CONTADO’s operations subsequent to November 30, 2018 that would have materially affected the Company’s reported results.

Property and Equipment, Net

Property and Equipment, Net	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Property and Equipment, Net	Property and Equipment, Net Property and equipment, net consisted of the following: Useful life in years December 31, (Dollar amounts in thousands) 2018 2017 Buildings 30 $ 1,440 $ 1,531 Data processing equipment 3 - 5 110,673 103,426 Furniture and equipment 3 - 20 7,761 232 Leasehold improvements 5 -10 2,625 2,190 122,499 107,379 Less—accumulated depreciation and amortization (86,990 ) (70,793 ) Depreciable assets, net 35,509 36,586 Land 1,254 1,338 Property and equipment, net $ 36,763 $ 37,924 Depreciation and amortization expense related to property and equipment was $14.5 million , $14.7 million and $14.2 million for the years ended December 31, 2018 , 2017 and 2016 , respectively.

Goodwill

Goodwill	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	Goodwill The changes in the carrying amount of goodwill, allocated by operating segments, were as follows (See Note 23): (In thousands) Payment Payment Merchant Business Total Balance at December 31, 2016 $ 160,972 $ 25,716 $ 138,121 $ 46,177 $ 370,986 Goodwill attributable to acquisition — 26,931 — — 26,931 Adjustment to goodwill from prior year acquisition 1,099 1,099 Foreign currency translation adjustments — (87 ) — (354 ) (441 ) Balance at December 31, 2017 160,972 53,659 138,121 45,823 398,575 Foreign currency translation adjustments — (3,931 ) — — (3,931 ) Balance at December 31, 2018 $ 160,972 $ 49,728 $ 138,121 $ 45,823 $ 394,644 Goodwill is tested for impairment on an annual basis as of August 31, or more often if events or changes in circumstances indicate there may be impairment. The Company may test for goodwill impairment using a qualitative or a quantitative analysis. In the quantitative analysis, the Company compares the estimated fair value of the reporting units to their carrying values, including goodwill. If the fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered impaired. If the fair value does not exceed the carrying value, an impairment loss equaling the excess amount is recorded, limited to the recorded balance of goodwill. The Company performed a quantitative analysis as of August 31, 2018 that indicated that the estimated fair value exceeded the carrying value of each of the reporting units. No impairment losses were recorded in 2018 , 2017 or 2016 .

Other Intangible Assets, Net

Other Intangible Assets, Net	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Other Intangible Assets, Net	Other Intangible Assets, Net The carrying amount of other intangible assets consisted of the following: Useful life in years December 31, 2018 (In thousands) Gross amount Accumulated amortization Net carrying amount Customer relationships 8 - 14 $ 342,738 $ (194,570 ) $ 148,168 Trademark 2 - 15 41,357 (28,888 ) 12,469 Software packages 3 -10 224,855 (151,666 ) 73,189 Non-compete agreement 15 56,539 (31,096 ) 25,443 Other intangible assets, net $ 665,489 $ (406,220 ) $ 259,269 Useful life in years December 31, 2017 (In thousands) Gross amount Accumulated amortization Net carrying amount 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 Amortization expense related to intangibles, including software packages, was $48.6 million , $49.5 million and $45.4 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. Amortization expense related to software packages was $14.7 million , $15.9 million and $14.3 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. The estimated amortization expenses of balances outstanding at December 31, 2018 for the next five years are as follows: (In thousands) 2019 $ 47,081 2020 41,588 2021 36,638 2022 33,243 2023 31,619 During the third quarter of 2017, the Company recognized an impairment charge of $6.5 million through cost of revenues for a third party software solution that is no longer commercially viable. In connection with this exit activity, the Company accrued $5.3 million for ongoing contractual fees, also through cost of revenues and recognized maintenance expense of $1.0 million . Both the liability and the impairment charge affected the Company's Merchant Acquiring segment and Payment Services segments. In the fourth quarter of 2017, the Company recognized an impairment loss related to a multi-year software development project that was impacted by delays caused by the hurricane and projected increased costs with a third party vendor, amounting to $5.0 million through cost of revenues and is in the Company's Payment Services - Puerto Rico & Caribbean segment. The fair value of the impaired assets was determined using discounted cash flow models.

Other Long-Term Assets

Other Long-Term Assets	12 Months Ended
	Dec. 31, 2018
Text Block [Abstract]
Other Long-Term Assets	Other Long-Term Assets As of December 31, 2018 , other long-term assets included $1.8 million related to deferred debt-issuance costs related to the revolving credit facility, $1.8 million related to the long-term portion of certain software and maintenance contracts, $1.1 million relating to the long-term portion of certain lease receivables and a derivative asset $1.7 million . As of December 31, 2017 , other long-term assets included $1.0 million related to deferred debt-issuance costs related to the revolving credit facility, $1.6 million related to the long-term portion of certain software and maintenance contracts, $0.7 million relating to the long-term portion of certain lease receivables and a derivative asset of $0.2 million .

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Debt and Short-Term Borrowings	Debt and Short-Term Borrowings Total debt was as follows: December 31, (In thousands) 2018 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) ) $ — $ 26,690 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)(9) ) — 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)(9) ) — 376,395 Senior Secured Credit Facility (2023 Term A) due on November 27, 2023 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(7) ) 217,791 — Senior Secured Credit Facility (2024 Term B) due on November 27, 2024 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(8) ) 320,515 — Senior Secured Revolving Credit Facility (6) — 12,000 Note Payable due on August 31, 2019 (5) — 584 Note Payable due on April 30, 2021 (3) 300 418 Total debt $ 538,606 $ 616,740 (1) Applicable margin of 2.25% at December 31, 2017 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at December 31, 2017 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at December 31, 2017 . (5) Fixed interest rate of 7.50% . The Company prepaid the outstanding principal balance of this note during the second quarter of 2018 without penalties. (6) Applicable margin of 2.25% and 2.50% at December 31, 2018 and December 31, 2017 , respectively. (7) Applicable margin of 2.25% at December 31, 2018 . (8) Subject to a minimum rate (“LIBOR floor”) of 0.0% plus applicable margin of 3.50% at December 31, 2018 . (9) Prepaid on November 27, 2018 in connection with the execution of the 2018 Credit Agreement. The following table presents contractual principal payments for the next five years: (In thousands) 2019 $ 14,386 2020 14,386 2021 14,295 2022 19,750 2023 173,750 2018 Senior Secured Credit Facilities On November 27, 2018, EVERTEC and EVERTEC Group (“Borrower”) entered into a credit agreement governing the senior secured credit facilities, consisting of a $220.0 million term loan A facility that matures on November 27, 2023 ("2023 Term A"), a $325.0 million term loan B facility that matures on November 27, 2024 ("2024 Term B") and a $125.0 million revolving credit facility (the "Revolving Facility") that matures on November 27, 2023, with a syndicate of lenders and Bank of America, N.A. (“Bank of America”), as administrative agent, collateral agent, swingline lender and line of credit issuer (collectively the “2018 Credit Agreement”). The material terms and conditions of the senior secured credit facilities are summarized below. Scheduled Amortization Payments The 2023 Term A provides for amortization in the amount of 1.25% of the original principal amount of the 2023 Term A during each of the first twelve quarters starting from the quarter ending March 31, 2019, 1.875% during each of the four subsequent quarters and 2.50% during each of the final three quarters, with the balance payable on the final maturity date. The 2024 Term B provides for quarterly amortization payments totaling 1.00% per annum of the original principal amount of the 2024 Term B, with the balance payable on the final maturity date. Voluntary Prepayments and Reduction and Termination of Commitments The terms of the 2018 senior secured credit facilities allow EVERTEC Group to prepay loans and permanently reduce the loan commitments under the senior secured credit facilities at any time, subject to the payment of customary LIBOR breakage costs, if any, provided that, in connection with certain refinancing or repricing of the 2024 Term B on or prior to the date which is six months after the closing date of the 2018 Credit Agreement, a prepayment premium of 1.00% will be required. Additionally, the terms of the facilities require mandatory repayment of outstanding principal balances based on a percentage of excess cash flow provided that no such prepayment shall be due if the resulting amount of the excess cash flow times the applicable percentage is less than $10 million . Interest The interest rates under the 2023 Term A and revolving credit facility are based on, at EVERTEC Group’s option, (a) adjusted LIBOR plus an interest margin of 2.25% or (b) the greater of (i) Bank of America’s “prime rate,” (ii) the Federal Funds Effective Rate plus 0.5% and (iii) adjusted LIBOR plus 1.0% (“ABR”) plus an interest margin of 1.25% . The interest rates under the 2024 Term B are based on, at EVERTEC Group’s option, (a) adjusted LIBOR plus an interest margin of 3.50% or (b) ABR plus an interest margin of 2.50% . The interest margins under the 2023 Term A and Revolving Facility are subject to reduction based on achievement of specified total secured net leverage ratio. Guarantees and Collateral EVERTEC Group’s obligations under the senior secured credit facilities and under any cash management, interest rate protection or other hedging arrangements entered into with a lender or any affiliate thereof are guaranteed by EVERTEC and each of EVERTEC’s existing wholly-owned subsidiaries (other than EVERTEC Group) and subsequently acquired or organized subsidiaries, subject to certain exceptions. Subject to certain exceptions, the senior secured credit facilities are secured to the extent legally permissible by substantially all of the assets of (1) EVERTEC, including a perfected pledge of all of the limited liability company interests of EVERTEC Intermediate Holdings, LLC (“Holdings”), (2) Holdings, including a perfected pledge of all of the limited liability company interests of EVERTEC Group and (3) EVERTEC Group and the subsidiary guarantors, including but not limited to: (a) a pledge of substantially all capital stock held by EVERTEC Group or any guarantor and (b) a perfected security interest in substantially all tangible and intangible assets of EVERTEC Group and each guarantor. Covenants The senior secured credit facilities contain affirmative and negative covenants that the Company believes are usual and customary for a senior secured credit agreement. The negative covenants in the senior secured credit facilities include, among other things, limitations (subject to exceptions) on the ability of EVERTEC and its restricted subsidiaries to: • declare dividends and make other distributions; • redeem or repurchase capital stock; • grant liens; • make loans or investments (including acquisitions); • merge or enter into acquisitions; • sell assets; • enter into any sale or lease-back transactions; • incur additional indebtedness; • prepay, redeem or repurchase certain indebtedness; • modify the terms of certain debt; • restrict dividends from subsidiaries; • change the business of EVERTEC or its subsidiaries; and • enter into transactions with their affiliates. In addition, the 2023 Term A and the Revolving Facility require EVERTEC to maintain a maximum total secured net leverage ratio of 4.25 to 1.00 for any quarter ending on or prior to September 30, 2020 and for fiscal quarters ending thereafter, 4.00 to 1.00. Concurrently with the execution of the 2018 Credit Agreement, the Company terminated the existing senior secured credit facilities. The net proceeds received by EVERTEC Group from the senior secured credit facilities under the 2018 Credit Agreement, together with other cash available to EVERTEC Group, were used, among other things, to refinance EVERTEC Group’s previous senior secured credit facilities, which consisted of a $191.4 million 2020 Term A and a $379.0 million Term B, under the credit agreement, dated as of April 17, 2013 and as subsequently amended, among EVERTEC Intermediate Holdings, LLC, EVERTEC Group, JPMorgan Chase Bank, N.A., as administrative agent, collateral agent, swingline lender and L/C issuer, and the lenders party thereto. In connection with this transaction the Company recognized a loss on extinguishment of $2.6 million . The unpaid principal balance at December 31, 2018 of the 2023 Term A Loan and the 2024 Term B Loan was $220.0 million , and $325.0 million , respectively. The additional borrowing capacity for the Revolving Facility loan at December 31, 2018 was $97.9 million . The Company issues letters of credit against the revolving credit facility which reduce the additional borrowing capacity of the revolving credit facility. Events of Default The events of default under the senior secured credit facilities include, without limitation, nonpayment, material misrepresentation, breach of covenants, insolvency, bankruptcy, certain judgments, change of control (as defined in the 2018 Credit Agreement) and cross-events of default on material indebtedness. 2013 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. 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 extended 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 were not extended and matured as originally scheduled on April 17, 2018. 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 December 31, 2018 and 2017 , the outstanding principal balance of the notes payable is $0.3 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 Swaps At December 31, 2018 , the Company had two interest rate swap agreements, entered into in December 2015 and December 2018, which convert a portion of the interest rate payments on the Company's 2023 Term B Loan from variable to fixed: Swap Agreement Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 2015 Swap January 2017 April 2020 $200 million 1-month LIBOR 1.9225% 2018 Swap April 2020 November 2024 $250 million 1-month LIBOR 2.89% The Company has accounted for these transactions as cash flow hedges. At December 31, 2018 and 2017 , the carrying amount of the derivatives on the Company’s balance sheets is as follows: (In thousands) December 31, 2018 December 31, 2017 Other long-term assets $ 1,683 $ 214 Other long-term liabilities 4,059 — For the year ended December 31, 2018, the Company recognized gains related to hedging activities on the Statement of Income and Comprehensive Income that offset the Company's interest expense as follows: (In thousands) December 31, 2018 Interest expense $ 104 During the year ended December 31, 2018 , the Company reclassified gains of $0.1 million from accumulated other comprehensive loss into income through interest expense. Based on current LIBOR rates, the Company expects to reclassify $1.0 million from accumulated other comprehensive loss into income through interest expense over the next 12 months. Refer to Note 13 for tabular disclosure of the fair value of the derivative and to Note 15 for tabular disclosure of gains (losses) recorded on cash flow hedging activities. The cash flow hedges are considered highly effective.

Financial Instruments and Fair

Financial Instruments and Fair Value Measurements	12 Months Ended
	Dec. 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 that 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 active markets 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 fair value measurements by level at December 31, 2018 and 2017 , for assets and liabilities measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total December 31, 2018 Financial asset: Interest rate swap $ — $ 1,683 $ — $ 1,683 Financial liability: Interest rate swap — 4,059 — 4,059 December 31, 2017 Financial asset: Interest rate swap — 214 — 214 Derivative Instruments The fair value of the Company’s derivative instrument is determined using a standard valuation model. The significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2. Inputs used in these standard valuation models for derivative instruments include the applicable forward rates and discount rates. The discount rates are based on the historical LIBOR Swap rates. The following table presents the carrying value, as applicable, and estimated fair values for financial instruments at December 31, 2018 and 2017 : December 31, 2018 2017 (Dollar amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial asset: Interest rate swap $ 1,683 $ 1,683 $ 214 $ 214 Financial liabilities: Interest rate swap 4,059 4,059 — — Senior Secured Term B Loan — — 376,395 370,540 2018 Term A Loan — — 26,690 26,027 2020 Term A Loan — — 200,653 196,584 2023 Term A 217,791 218,625 — — 2024 Term B 320,515 319,517 — — The fair value of the senior secured term loans at December 31, 2018 and 2017 was 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 senior secured term loans, which are not measured at fair value in the balance sheets, if measured, would be categorized as Level 3 in the fair value hierarchy. There were no transfers in or out of Level 3 during the years ended December 31, 2018 , 2017 and 2016 .

Other Long Term Liabilities

Other Long Term Liabilities	12 Months Ended
	Dec. 31, 2018
Other Liabilities Disclosure [Abstract]
Other Long Term Liabilities	Other Long Term Liabilities As of December 31, 2018 , other long-term liabilities mainly consist of unrecognized tax benefit liabilities and the long-term portion of notes payables of $10.5 million and a derivative liability of $4.1 million . As of December 31, 2017 , other long-term liabilities mainly consist of unrecognized tax benefit liabilities and the long-term portion of notes payables of $13.0 million .

Equity

Equity	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Equity	Equity The Company is authorized to issue up to 206,000,000 shares of common stock of $0.01 par value. At December 31, 2018 and 2017 , the Company had 72,378,710 and 72,393,933 shares outstanding, respectively. The Company is also authorized to issue 2,000,000 shares of $0.01 par value preferred stock. As of December 31, 2018 , no shares of preferred stock have been issued. Stock Repurchase In 2018 , 2017 and 2016 , the Company repurchased a total of 0.4 million , 0.5 million , and 2.5 million shares, respectively, at a cost of $10.0 million , $7.7 million , and $39.9 million . The Company funded such repurchases with cash on hand and borrowings to the existing revolving credit facility. As of December 31, 2018 , 2017 and 2016 , the repurchased shares were permanently retired. Dividends Historically, the Company has paid a regular quarterly dividend on the Company’s common stock, subject to the declaration thereof each quarter by the Company’s Board of Directors (the "Board"). On November 2, 2017, the Board voted to temporarily suspend the quarterly dividend on the Company's common stock due to the difficult operating environment in Puerto Rico. On July 26, 2018, the Board voted to reinstate a quarterly dividend on the Company's common stock and declared a regular quarterly cash dividend of $0.05 per share on the Company’s outstanding shares of common stock. The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to Board of Directors’ approval and may be adjusted as business needs or market conditions change. The Company’s dividend activity in 2018 and 2017 was as follows: Declaration Date Record Date Payment Date Dividend per share February 17, 2017 March 1, 2017 March 20, 2017 $ 0.10 April 27, 2017 May 8, 2017 June 9, 2017 0.10 July 25, 2017 August 7, 2017 September 8, 2017 0.10 July 26, 2018 August 6, 2018 September 7, 2018 0.05 October 25, 2018 November 5, 2018 December 7, 2018 0.05 Accumulated Other Comprehensive loss The following table provides a summary of the changes in the balances comprising accumulated other comprehensive loss for the years ended December 31, 2018 and 2017 : Foreign Currency Translation Adjustments Cash Flow Hedge Total Balance - December 31, 2016, net of tax $ (10,427 ) $ (1,964 ) $ (12,391 ) Other comprehensive (loss) income before reclassifications (635 ) 580 (55 ) Amount reclassified to Net Income — 1,598 1,598 Balance - December 31, 2017, net of tax (11,062 ) 214 (10,848 ) Other comprehensive loss before reclassifications (10,564 ) (2,273 ) (12,837 ) Amount reclassified to Net Income — (104 ) (104 ) Balance - December 31, 2018, net of tax $ (21,626 ) $ (2,163 ) $ (23,789 )

Share-based Compensation

Share-based Compensation	12 Months Ended
	Dec. 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 granted in the first quarter of each year 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. The award granted in the fourth quarter of 2017 vests 40% in the second year and 60% in the third year. 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 the nonvested restricted shares and RSUs activity for the years ended December 31, 2018 , 2017 and 2016 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2015 491,726 $ 22.32 Granted 907,320 12.02 Vested (154,820 ) 20.97 Forfeited (31,862 ) 18.61 Nonvested at December 31, 2016 1,212,364 14.88 Granted 1,584,241 15.37 Vested (315,953 ) 15.30 Forfeited (139,760 ) 16.06 Nonvested at December 31, 2017 2,340,892 15.08 Granted 636,322 17.07 Vested (468,064 ) 18.41 Forfeited (472,987 ) 16.55 Nonvested at December 31, 2018 2,036,163 $ 15.09 Share-based compensation recognized was as follows: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Share-based compensation recognized, net Stock options $ — $ 6 $ 60 Restricted shares and RSUs 12,592 9,636 6,355 The maximum unrecognized cost for restricted stock units was $15.8 million as of December 31, 2018 . The cost is expected to be recognized over a weighted average period of 1.76 years.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2018
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit Plan EVERTEC, Inc. Puerto Rico Savings and Investment plan (“the EVERTEC Savings Plan”) was established in 2010, as a defined contribution savings plan qualified under section 1165(e) of the Puerto Rico Internal Revenue Code. Investments in the plan are participant directed, and employer matching contributions are determined based on specific provisions of the EVERTEC Savings Plan. Employees are fully vested in the employer’s contributions after five years of service. For the years ended December 31, 2018 , 2017 and 2016 , the costs incurred under the plan amounted to approximately $0.8 million , $0.7 million and $0.7 million , respectively

Total Other Income, net

Total Other Income, net	12 Months Ended
	Dec. 31, 2018
Other Income and Expenses [Abstract]
Total Other Income, net	Total Other Income, net For the year ended December 31, 2018 , other income, net is primarily comprised of $2.7 million in foreign currency transaction gains, $1.8 million from federal relief funds received in connection with wages paid in the aftermath of hurricane Maria, and a $2.6 million loss on extinguishment of debt. For the year ended December 31, 2017 , other income, net is primarily comprised of $2.6 million in foreign currency transaction gains. For the year ended December 31, 2016 , other income, net is primarily comprised of $1.9 million in foreign currency transaction gains and a $1.5 million loss on extinguishment of debt.

Income Tax

Income Tax	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax	Income Tax On April 17, 2012, EVERTEC Group and Holdings were converted from a Puerto Rico corporation into Puerto Rico limited liability companies to benefit from changes to the Puerto Rico Income Tax Code allowing limited liability companies to be treated as partnerships that are pass-through entities for Puerto Rico tax purposes. As a result of these conversions and subsequent elections to be treated as partnerships, EVERTEC Group’s and Holding’s taxable income flows through to EVERTEC, Inc. EVERTEC Group, Holdings and EVERTEC, Inc. entered into a Tax Payment Agreement pursuant to which EVERTEC Group is obligated to make certain payments to Holdings or EVERTEC, Inc. for taxable periods or portions thereof occurring on or after April 17, 2012 (the “Effective Date”). Under the Tax Payment Agreement, EVERTEC Group will make payments with respect to any and all taxes (including estimated taxes) imposed under the laws of Puerto Rico, the United States of America and any other jurisdiction or any political (including municipal) subdivision or authority or agency in Puerto Rico, the United States of America or such other jurisdiction, that would have been imposed on EVERTEC Group if EVERTEC Group had been a corporation for tax purposes of that jurisdiction, together with all interest and penalties with respect thereto (“Taxes”), reduced by taking into account any applicable net operating losses or other tax attributes of Holdings or EVERTEC, Inc. that reduce Holdings’ or EVERTEC, Inc.’s taxes in such period. The Tax Payment Agreement provides that the payments thereunder shall not exceed the net amount of Taxes that Holdings and EVERTEC, Inc. actually owe to the appropriate taxing authority for a taxable period. Further, the Tax Payment Agreement provides that if Holdings or EVERTEC, Inc. receives a tax refund attributable to any taxable period or portion thereof occurring on or after the Effective Date, EVERTEC, Inc. shall be required to recalculate the payment for such period required to be made by EVERTEC Group to Holdings or EVERTEC, Inc. If the payment, as recalculated, is less than the amount of the payment EVERTEC Group already made to Holdings or EVERTEC, Inc. in respect of such period, Holdings or EVERTEC, Inc. shall promptly make a payment to EVERTEC Group in the amount of such difference. The components of income tax expense (benefit) consisted of the following: Years ended December 31, (In thousands) 2018 2017 2016 Current tax provision $ 17,207 $ 9,086 $ 12,865 Deferred tax benefit (4,611 ) (4,306 ) (4,594 ) Income tax expense $ 12,596 $ 4,780 $ 8,271 The Company conducts operations in Puerto Rico and certain countries throughout the Caribbean and Latin America. As a result, the income tax expense (benefit) includes the effect of taxes paid to the Puerto Rico government as well as foreign jurisdictions. The following table presents the segregation of income tax expense (benefit) based on location of operations: Years ended December 31, (In thousands) 2018 2017 2016 Income before income tax provision Puerto Rico $ 77,176 $ 47,347 $ 70,899 United States 3,199 3,089 2,670 Foreign countries 18,790 9,763 9,828 Total income before income tax provision $ 99,165 $ 60,199 $ 83,397 Current tax provision Puerto Rico $ 6,841 $ 1,892 $ 7,072 United States 599 292 567 Foreign countries 9,767 6,902 5,226 Total current tax provision $ 17,207 $ 9,086 $ 12,865 Deferred tax benefit Puerto Rico $ (2,904 ) $ (3,176 ) $ (2,874 ) United States (584 ) (184 ) (259 ) Foreign countries (1,123 ) (946 ) (1,461 ) Total deferred tax benefit $ (4,611 ) $ (4,306 ) $ (4,594 ) 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. On December 10, 2018, the Governor of Puerto Rico signed in to law Act 257, which decreased the maximum corporate tax rate from 39% to 37.5% , effective January 1, 2019. This rate decrease is only applicable to the fully taxable operations of EVERTEC in Puerto Rico. As a result of this tax rate decrease, the deferred taxes were reevaluated as of December 31, 2018 , the impact of this reevaluation was considered immaterial. As of December 31, 2018 , the Company has $47.8 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. The amount of the unrecognized deferred tax liability depends on judgment required to analyze the withholding tax due, the applicable tax law and factual circumstances in effect at the time of any such distributions. EVERTEC believes it is not practicable at this time to reliably determine the amount of unrecognized deferred tax liability related to the Company’s undistributed earnings. If circumstances change and it becomes apparent that some or all of the undistributed earnings of a subsidiary will be remitted, and income taxes have not been recognized by the parent entity, the parent entity shall accrue as an expense of the current period income taxes attributable to that remittance. On October 19, 2012, EVERTEC Group was granted a tax exemption under the Tax Incentive Act No. 73 of 2008. Under this grant, EVERTEC Group will benefit from a preferential income tax rate on industrial development income, as well as from tax exemptions with respect to its municipal and property tax obligations for certain activities derived from its data processing operations in Puerto Rico. The grant has a term of 15 years effective as of January 1, 2012 with respect to income tax obligations and January 1, 2013 with respect to municipal and property tax obligations. Industrial development income under this grant is subject to a preferential rate of 4% . The grant contains customary commitments, conditions and representations that EVERTEC Group will be required to comply with in order to maintain the grant. The more significant commitments include: (i) maintaining at least 700 employees in EVERTEC Group's Puerto Rico data processing operations, (ii) investing at least $200.0 million in building, machinery, equipment or computer programs to be used in Puerto Rico during the effective term of the grant (to be made over four year capital investment cycles in $50.0 million increments); and (iii) 80% of EVERTEC Group employees must be residents of Puerto Rico. Failure to meet the requirements could result, among other things, in reductions of the benefits of the grant or revocation of the grant in its entirety, which could result in EVERTEC, Inc. paying additional taxes or other payments relative to what would be required to pay to other municipal agencies if the full benefits of the grant are not available. On October 11, 2011, Evertec Group was granted a tax exemption under Tax Incentive Law No. 73 of 2008, retroactively to December 1, 2009. Under this grant, activities derived from consulting and data processing services provided outside Puerto Rico are subject to a preferred rate that declines gradually from 7% to 4% by December 1, 2013. After this date, the rate remains at 4% until its expiration in November 1, 2024 . In addition, in August 2018, the Puerto Rico Industrial Development Company approved the requested extension of a grant under Tax Incentive Law No. 135 of 1997 for EVERTEC Group. Under this grant, activities derived from certain development and installation service in excess of a determined income are subject to a fixed tax rate of 10% for a 10 -year period from January 1, 2018. The following table presents the components of the Company’s deferred tax assets and liabilities: December 31, (In thousands) 2018 2017 Deferred tax assets (“DTA”) Allowance for doubtful accounts $ 170 $ 195 Unearned income 4,394 3,136 Investment in equity subsidiary 220 447 Alternative minimum tax — 51 Share-based compensation 1,684 1,208 Debt issuance costs 309 69 Accrued liabilities 1,257 505 Derivative liability 351 — Accrual of contract maintenance cost 157 472 Impairment of asset 289 425 Other 1,976 1,754 Total gross deferred tax assets 10,807 8,262 Deferred tax liabilities (“DTL”) Capitalized salaries 1,756 1,617 Derivative asset 185 — Difference between the assigned values and the tax basis of assets and liabilities recognized in a business combination 16,240 19,124 Other 659 353 Total gross deferred tax liabilities 18,840 21,094 Deferred tax liability, net $ (8,033 ) $ (12,832 ) Pursuant to the provision of the PR Code, net operating losses (“NOL”) can be carried forward for a period of seven, ten or twelve taxable years, depending on the taxable year generated. Act 72 of May 29, 2015, limited the amount of NOLs deduction to 80% for regular tax and 70% for alternative minimum tax (“AMT”) for taxable years commencing after December 31, 2014. However, Act 257 of 2018 limits the deduction of NOLs to 90% for regular tax for tax years commencing after December 31, 2018 . At December 31, 2018 , the Company has $0.1 million in NOL carryforwards related to Puerto Rico industrial development income, available to offset future eligible income, which will expire in 2028. The Company recognizes the benefit of uncertain tax positions ("UTPs") only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement. The following is a tabular reconciliation of the total amounts of UTPs: Years ended December 31, (In thousands) 2018 2017 2016 Balance, beginning of year $ 9,148 $ 12,219 $ 12,847 Gross increases—tax positions in prior period 578 — — Gross decreases—tax positions in prior period (488 ) — (345 ) Lapse of statute of limitations — (3,071 ) (283 ) Balance, end of year $ 9,238 $ 9,148 $ 12,219 As of December 31, 2018 , 2017 and 2016 , approximately $9.2 million , $9.1 million and $12.2 million , respectively, would affect the Company’s effective income tax rate, if recognized. The Company recognizes interest and penalties related to UTB as part of income tax expense. During the years ended December 31, 2018 , 2017 and 2016 , the Company recognized an income tax expense of $0.4 million , an income tax benefit of $0.8 million and an income tax expense of $0.7 million , respectively, related to interest and penalties. The amount accrued for interest and penalties at December 31, 2018 and 2017 was $1.6 million , and $1.2 million , respectively. The Company anticipates changes to the UTBs within the next 12 months to be primarily related to interest. The Company believes it has sufficient accruals for contingent tax liabilities. In connection with tax return examinations, contingencies can arise that generally result from different interpretations of tax laws and regulations as they pertain to the amount, timing or inclusion of revenues and expenses in taxable income, or the ability to utilize tax credits to reduce income taxes payable. While it is probable, based on the potential outcome of the Company’s Puerto Rico and foreign tax examinations or the expiration of the statute of limitations for specific jurisdictions, that the liability for UTBs may increase or decrease within the next twelve months, the Company does not expect any such change would have a material effect on our financial condition, results of operations or cash flow. The Company and its subsidiaries are subject to Puerto Rico income tax as well as income tax of multiple foreign jurisdictions. A significant majority of the income tax is from Puerto Rico with a statute of limitations of four years after filing the income tax returns; therefore, the income tax returns for 2014 , 2015 , 2016 , and 2017 are currently open for examination. The 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: Years ended December 31, (In thousands) 2018 2017 2016 Computed income tax at statutory rates $ 38,674 $ 23,477 $ 32,525 Benefit of net tax-exempt interest income (50 ) (56 ) (52 ) Differences in tax rates due to multiple jurisdictions (678 ) 2,353 32 Tax expense (benefit) due to a change in estimate 467 (334 ) 258 Effect of income subject to tax-exemption grant (26,260 ) (16,832 ) (24,866 ) Unrecognized tax expense (benefit) 443 (3,828 ) 373 Other — — 1 Income tax expense $ 12,596 $ 4,780 $ 8,271

Net Income Per Common Share

Net Income Per Common Share	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Net Income Per Common Share	Net Income Per Common Share The reconciliation of the numerator and the denominator of the earnings per common share is as follows: Years ended December 31, ( Dollar amounts in thousands, except share and per share data) 2018 2017 2016 Net income attributable to EVERTEC, Inc.’s common stockholders $ 86,270 $ 55,054 $ 75,036 Less: non-forfeitable dividends on restricted stock 4 10 12 Net income available to common shareholders $ 86,266 $ 55,044 $ 75,024 Weighted average common shares outstanding 72,607,321 72,479,807 74,132,863 Weighted average potential dilutive common shares (1) 1,812,789 392,381 340,506 Weighted average common shares outstanding—assuming dilution 74,420,110 72,872,188 74,473,369 Net income per common share—basic $ 1.19 $ 0.76 $ 1.01 Net income per common share—diluted $ 1.16 $ 0.76 $ 1.01 (1) Potential common shares consist of common stock issuable under the assumed exercise of stock options and RSUs awards using the treasury stock method. Refer to Note 15 for a detail of dividends declared and paid during 2018 and 2017 .

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions The following table presents the Company’s transactions with related parties for each of the periods presented below: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Total revenues (1)(2) $ 188,060 $ 177,213 $ 176,473 Cost of revenues $ 3,422 $ 2,929 $ 2,180 Rent and other fees $ 8,046 $ 7,803 $ 8,110 Interest earned from an affiliate Interest income $ 147 $ 154 $ 211 (1) Total revenues from Popular as a percentage of revenues were 41% , 43% and 45% for each of the periods presented above. (2) Includes revenues generated from investee accounted for under the equity method of $1.3 million , $1.8 million and $2.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively. At December 31, 2018 and 2017 , the Company had the following balances arising from transactions with related parties: December 31, (In thousands) 2018 2017 Cash and restricted cash deposits in affiliated bank $ 29,136 $ 23,227 Other due to/from affiliate Accounts receivable $ 25,714 $ 18,073 Prepaid expenses and other assets $ 2,796 $ 1,216 Other long-term assets $ 166 $ 288 Accounts payable $ 6,344 $ 5,827 Unearned income $ 25,401 $ 19,768 The balance of cash and restricted cash deposits in an affiliated bank was included within the cash and cash equivalents and restricted cash line items in the accompanying consolidated balance sheets. Due from affiliates mainly included the amounts outstanding related to processing and information technology services billed to Popular subsidiaries according to the terms of the Master Services Agreement (“MSA”) under which EVERTEC Group has a contract to provide such services for at least 15 years on an exclusive basis for the duration of the agreement on commercial terms consistent with historical pricing practices among the parties. This amount was included in the accounts receivable, net in the consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company leases certain facilities and equipment under operating leases. Most leases contain renewal options for varying periods. Future minimum rental payments on such operating leases at December 31, 2018 are as follows: (Dollar amounts in thousands) Unrelated parties Related party Total minimum future rentals 2019 $ 395 $ 6,529 $ 6,924 2020 36 1,503 1,539 2021 — — — 2022 — — — 2023 — — — $ 431 $ 8,032 $ 8,463 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 years ended December 31, 2018 , 2017 and 2016 amounted to $9.2 million , $8.3 million and $8.2 million , respectively. Also, rent expense for telecommunications and other equipment for the years ended December 31, 2018 , 2017 and 2016 amounted to $6.6 million , $6.0 million and $6.2 million , respectively. EVERTEC is a defendant in a number of legal proceedings arising in the ordinary course of business. Based on the opinion of legal counsel, management believes that the final disposition of these matters will not have a material adverse effect on the business, results of operations or financial condition of the Company. The Company has identified certain claims in which a loss may be incurred, but in the aggregate the loss would be minimal. For other claims, where the proceedings are in an initial phase, the Company is unable to estimate the range of possible loss for such legal proceedings. However, the Company at this time believes that any loss related to these latter claims will not be material.

Segment Information

Segment Information	12 Months Ended
	Dec. 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 of 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 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 of 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 fixed 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 non-recurring. 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 areas could neither be concluded as operating segments nor could they be combined with any other operating segments. Therefore, these areas 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 below. Historical information has been conformed to the updated presentation. December 31, 2018 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 114,119 $ 80,899 $ 99,655 $ 197,602 $ (38,406 ) $ 453,869 Operating costs and expenses 52,006 75,240 55,778 126,232 19,485 328,741 Depreciation and amortization 9,734 9,284 1,698 13,878 28,473 63,067 Non-operating income (expenses) 2,420 11,750 3 477 (11,356 ) 3,294 EBITDA 74,267 26,693 45,578 85,725 (40,774 ) 191,489 Compensation and benefits (2) 1,087 1,034 938 2,088 8,512 13,659 Transaction, refinancing, and other fees (3) (250 ) — — — 7,561 7,311 Adjusted EBITDA $ 75,104 $ 27,727 $ 46,516 $ 87,813 $ (24,701 ) $ 212,459 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $36.1 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring, intercompany software sale and developments of $2.3 million from Payment Services- Latin America to Payment Services- Puerto Rico & Caribbean 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2018 Credit Agreement, relief contributions related to the 2017 hurricanes and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. December 31, 2017 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 101,687 $ 62,702 $ 85,778 $ 189,077 $ (32,100 ) $ 407,144 Operating costs and expenses 57,463 66,786 57,574 119,761 19,477 321,061 Depreciation and amortization 8,993 8,880 2,254 15,774 28,349 64,250 Non-operating income (expenses) 2,229 8,726 1 13 (7,708 ) 3,261 EBITDA 55,446 13,522 30,459 85,103 (30,936 ) 153,594 Compensation and benefits (2) 589 816 573 1,687 6,090 9,755 Transaction, refinancing, exit activity and other fees (3) 2,499 3,220 6,465 — 2,495 14,679 Adjusted EBITDA $ 58,534 $ 17,558 $ 37,497 $ 86,790 $ (22,351 ) $ 178,028 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $32.1 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2013 Credit Agreement, an impairment charge and contractual fee accrual for a third party software solution that was determined to be commercially unviable and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. December 31, 2016 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 99,680 $ 47,162 $ 91,248 $ 184,276 $ (32,859 ) $ 389,507 Operating costs and expenses 49,128 45,304 52,771 113,082 22,077 282,362 Depreciation and amortization 7,597 7,285 2,672 13,783 28,230 59,567 Non-operating income (expenses) 2,238 5,584 — 24 (7,354 ) 492 EBITDA 60,387 14,727 41,149 85,001 (34,060 ) 167,204 Compensation and benefits (2) 637 627 480 1,961 6,777 10,482 Transaction, refinancing, and other fees (3) 2,062 — — 2,277 5,650 9,989 Adjusted EBITDA $ 63,086 $ 15,354 $ 41,629 $ 89,239 $ (21,633 ) $ 187,675 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $32.9 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2013 Credit Agreement and consulting, audit and legal expenses incurred as part of the prior year restatement of financial results, certain fees paid to resolve a software maintenance contract matter, a software impairment charge and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. The reconciliation of EBITDA to consolidated net income is as follows: Years ended December 31, (In thousands) 2018 2017 2016 Total EBITDA $ 191,489 $ 153,594 $ 167,204 Less: Income tax expense 12,596 4,780 8,271 Interest expense, net 29,257 29,145 24,240 Depreciation and amortization 63,067 64,250 59,567 Net Income $ 86,569 $ 55,419 $ 75,126 The geographic segment information below is classified based on the geographic location of the Company’s subsidiaries: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Revenues (1) Puerto Rico $ 358,436 $ 329,533 $ 326,073 Caribbean 15,672 14,909 16,272 Latin America 79,761 62,702 47,162 Total revenues $ 453,869 $ 407,144 $ 389,507 (1) Revenues are based on subsidiaries’ country of domicile. Major customers For the years ended December 31, 2018 , 2017 and 2016 , the Company had one major customer which accounted for approximately $186.8 million or 41% , $175.4 million or 43% , and $174.4 million or 45% , respectively, of total revenues. See Note 21. The Company’s next largest customer, the Government of Puerto Rico, consolidating all individual agencies and public corporations, represented 7% of the Company’s total revenues for each the years ended December 31, 2018 , 2017 and 2016 .

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2018
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On February 14, 2019 , the Board declared a regular quarterly cash dividend of $0.05 per share on the Company’s outstanding shares of common stock. The dividend will be paid on March 22, 2019 to stockholders of record as of the close of business on February 26, 2019 . The Board anticipates declaring this dividend in future quarters on a regular basis; however future declarations of dividends are subject to Board of Directors’ approval and may be adjusted as business needs or market conditions change.

Condensed Financial Statements

Condensed Financial Statements Parent Company Only	12 Months Ended
	Dec. 31, 2018
Condensed Financial Information Disclosure [Abstract]
Condensed Financial Statements Parent Company Only	EVERTEC, Inc. Condensed Financial Statements Parent Company Only Condensed Balance Sheets December 31, (In thousands) 2018 2017 Assets Current assets: Cash $ 1,678 $ 1,679 Accounts receivable, net 2,068 — Prepaid expenses and other assets 41 24 Prepaid income tax — 1,594 Total current assets 3,787 3,297 Investment in subsidiaries, at equity 221,515 155,666 Total assets $ 225,302 $ 158,963 Liabilities and stockholders’ equity Current liabilities: Accrued liabilities $ 226 $ 224 Accounts payable — 359 Income tax payable 1,660 — Total current liabilities 1,886 583 Deferred tax liability, net 5,665 8,660 Other long-term liabilities 6,292 5,608 Total liabilities 13,843 14,851 Stockholders’ equity: Common stock 723 723 Additional paid-in capital 5,783 5,350 Accumulated earnings 228,742 148,887 Accumulated other comprehensive loss, net of tax (23,789 ) (10,848 ) Total stockholders’ equity 211,459 144,112 Total liabilities and stockholders’ equity $ 225,302 $ 158,963 Condensed Statements of Income and Comprehensive Income Years ended December 31, (In thousands) 2018 2017 2016 Non-operating income (expenses) Equity in earnings of subsidiaries $ 84,866 $ 49,162 $ 75,373 Interest income 380 301 244 Other expenses (1,396 ) (1,428 ) (1,351 ) Income before income taxes 83,850 48,035 74,266 Income tax benefit (2,420 ) (7,019 ) (770 ) Net income 86,270 55,054 75,036 Other comprehensive income (loss), net of tax Foreign currency translation adjustments (10,564 ) (635 ) (3,360 ) (Loss) gain on cash flow hedges (2,377 ) 2,178 (1,449 ) Total comprehensive income $ 73,329 $ 56,597 $ 70,227 Condensed Statements of Cash Flows Years ended December 31, (In thousands) 2018 2017 2016 Cash flows from operating activities $ 19,431 $ 29,422 $ 71,795 Cash flows from financing activities Dividends paid (7,273 ) (21,762 ) (29,696 ) Repurchase of common stock (10,000 ) (7,671 ) (39,946 ) Withholding taxes paid on share-based compensation (2,159 ) (1,588 ) (548 ) Net cash used in financing activities (19,432 ) (31,021 ) (70,190 ) Net (decrease) increase in cash (1 ) (1,599 ) 1,605 Cash at beginning of the period 1,679 3,278 1,673 Cash at end of the period $ 1,678 $ 1,679 $ 3,278

The Company and Summary of Si_2

The Company and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 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 services and business process management 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.
Initial Public Offering and Other Public Offerings	Initial Public Offering and Other Public Offerings On April 17, 2013, the Company completed its initial public offering of 28,789,943 shares of common stock at a price to the public of $20.00 per share. On September 18, 2013 and December 13, 2013, the Company completed public offerings of 23,000,000 and 15,233,273 shares, respectively, of the Company’s common stock by Apollo Global Management, LLC ("Apollo") and Popular, Inc. ("Popular"), and current and former employees. As of December 31, 2018 , Popular owned approximately 11.7 million shares of EVERTEC's common stock, or 16.1% and Apollo no longer owns any of the Company’s common stock.
Basis of Presentation	Basis of Presentation The consolidated financial statements of EVERTEC have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). In the opinion of management, the accompanying consolidated financial statements, prepared in accordance with GAAP, contain all adjustments, all of which are normal and recurring in nature, necessary for a fair presentation.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include the accounts and operations of the Company, which are presented in accordance with GAAP. The Company consolidates all entities that are controlled by ownership of a majority voting interest. Intercompany accounts and transactions are eliminated in the consolidated financial statements.
Use of Estimates	Use of Estimates The preparation of the accompanying consolidated financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period.
Revenue Recognition	Revenue Recognition The Company’s revenue recognition policy follows the guidance from Accounting Standards Codification ("ASC") 606, Revenue from Contracts with Customers , which provides guidance on the recognition, presentation, and disclosure of revenue from contracts with customers in consolidated financial statements. The Company recognizes revenue when (or as) control of goods or services are transferred to a customer. The transfer of control occurs when the customer can direct the use of and receive substantially all the benefits from the transferred good or service. Therefore, revenue is recognized over time (typically for services) or at a point in time (typically for goods). The assessment of revenue recognition is performed by the Company based on the five-step model established in Topic 606, as follows: Step 1: Identify the contract with customer; Step 2: Identify the performance obligations in the contract; Step 3: Determine the transaction price; Step 4: Allocate the transaction price to the performance obligations in the contract; and Step 5: Recognize revenue when or as the entity satisfies a performance obligation. At contract inception, the Company evaluates whether the contract (i) is legally enforceable; (ii) approved by both parties; (iii) properly defines rights and obligations of the parties, including payment terms; (iv) has commercial substance; and (v) collection of substantially all consideration entitled is probable, before proceeding with the assessment of revenue recognition. If any of these requirements is not met, the contract does not exist for purposes of the model and any consideration received is recorded as a liability. A reassessment may be performed in a later date upon change in facts and circumstances. The Company also evaluates within this step if contracts issued within a period of 6 months with the same customer should be accounted for as a single contract. The Company’s contracts with customers may be modified through amendments, change requests and waivers. Upon receipt, modifications of contracts with customers are evaluated to determine if must be accounted for: (i) as a separate contract, (ii) a cumulative catch-up, or (iii) as a termination and creation of a new contract. Contract modifications must also comply with the requirements to determine if a contract with a customer exists for accounting purposes. To identify performance obligations within contracts with customers, the Company first identifies all the promises in the contract (i.e., explicit and implicit). This includes the customer’s options to acquire additional goods or services for free or at a discount in exchange for an upfront payment. Then, the Company proceeds to exclude the immaterial promises from the assessment of identifying performance obligations; and to evaluate if customer’s options to acquire additional goods or services represent a material right based on corporate’s defined thresholds (i.e., equal or lower than 20% of contract value), to determine if they must be included in the assessment. The Company may exclude as immaterial promises, the promises with a transaction price equal or lower than 10 percent of the total contract value. After excluding immaterial promises and options not considered a material right, the Company assesses if each material good or service (or bundle of goods or services) is distinct in nature (i.e., the customer can benefit from the good or service on its own or together with other readily available resources), and is capable of being distinct in the context of the contract (i.e., the promise to transfer the good or service is separately identifiable from other promises in the contract). A distinct good or service (or bundle of goods or services) constitutes a performance obligation. The Company also applies the series guidance to distinct goods or services (either with a specified quantity of goods or services or a stand-ready service), with an over time revenue recognition, to determine whether they should be accounted for as a single performance obligation. These distinct goods or services are recognized as a single performance obligation when their nature and timely increments are substantially the same and have the same pattern of transfer to the customer (i.e., the distinct goods or services within the series use the same method to measure progress towards complete satisfaction). To determine if a performance obligation should be recognized over time, one or more of the following criteria must be met: (1) the customer simultaneously receives and consumes the benefits as the Company performs (i.e., routine or recurring services); (2) the customer controls the asset as the entity creates or enhances it (i.e., asset on customer’s site); or (3) the Company’s performance does not create an asset for which the Company has an alternative use and there is a right to payment for performance to date (i.e., asset built to order). Performance obligations that do not meet the over time criteria are recognized at a point in time. In addition, in Step 2 of the model, the Company evaluates whether the practical expedient of right-to-invoice applies. If this practical expedient is applicable, steps 3, 4 and 5 are waived. For this practical expedient to apply, the right to consideration must correspond directly with the value received by the customer for the Company’s performance to date, no significant up-front payments or retroactive adjustments must exist, and specified minimums must be deemed non-substantive at the contract level. If the contract with the customer has multiple performance obligations and the practical expedient of right-to-invoice does not apply, the Company proceeds to determine the transaction price and allocate it on a stand-alone selling price basis among the different performance obligations identified in the Step 2. The Company generally applies the expected cost-plus margin approach to determine the stand-alone selling price at the performance obligation level. In addition, for performance obligations that are satisfied over time and the right to invoice practical expedient is not available, the Company determines a method to measure progress (i.e., input or output method) based on current facts and circumstances. When these performance obligations have variable consideration within its transaction price and are part of a series, the Company allocates the variable consideration to each time increment. As part of the revenue recognition analysis, when another party is involved in providing goods or services to a customer, the Company evaluates, for each performance obligation, whether is providing the goods or services itself (i.e., as principal), or if it is only arranging on behalf of the other party. The Company acts as principal if it controls the specified good or service before that good or service is transferred to a customer. To determine if the Company acts as an agent, the Company considers indicators, such as: (i) the responsibility to fulfill a promise; (ii) the inventory risk; and (iii) the price determination.
Investment in Equity Investee	Investment in Equity Investee The Company accounts for investments using the equity method of accounting if the investment provides the Company the ability to exercise significant influence, but not control, over an investee. Significant influence is generally deemed to exist if the Company has an ownership interest in the voting stock of an investor of between 20 percent and 50 percent, although other factors are considered in determining whether the equity method of accounting is appropriate. Under this method, the investment, originally recorded at cost, is adjusted to recognize the Company’s share of net income or losses as they occur. The Company’s share of investee earnings or losses is recorded, net of taxes, within earnings (losses) of equity method investment caption in the consolidated statements of income and comprehensive income. The Company’s consolidated revenues include fees for services provided to an investee accounted for under the equity method. Additionally, the Company’s interest in the net assets of its equity method investee is reflected in the consolidated balance sheets. On the acquisition of the investment any difference between the cost of the investment and the amount of the underlying equity in net assets of an investee is required to be accounted as if the investee were a consolidated subsidiary. If the difference is assigned to depreciable or amortizable assets or liabilities, then the difference should be amortized or accreted in connection with the equity earnings based on the Company’s proportionate share of the investee’s net income or loss. If the investor is unable to relate the difference to specific accounts of the investee, the difference should be considered goodwill. The Company considers whether the fair value of its equity method investment has declined below its carrying value whenever adverse events or changes in circumstances indicate that recorded values may not be recoverable. If the Company considered any such decline to be other than temporary (based on various factors, including historical financial results, product development activities and the overall health of the investee’s industry), then the Company would record a write-down to estimated fair value.
Property and Equipment	Property and Equipment Property and equipment are stated at cost, net of accumulated depreciation and amortization. Depreciation of property and equipment is computed using the straight-line method and expensed over their estimated useful lives. Amortization of leasehold improvements is computed over the terms of the respective leases, including renewal options considered by management to be reasonably assured of being exercised, or the estimated useful lives of the improvements, whichever is shorter. Costs of maintenance and repairs which do not improve or extend the life of the respective assets are expensed as incurred.
Impairment on Long-lived Assets	Impairment of Long-lived Assets Long-lived assets to be held and used, and long-lived assets to be disposed of, are evaluated for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.
Capitalization of Software	Capitalization of Software The Company develops software that is used in providing processing services to customers. Capitalized software includes purchased software and internally-developed software and is recognized as software packages within the other intangible assets line item in the consolidated balance sheets. Capitalization of internally developed software occurs only after the preliminary project stage is complete and technological feasibility has been achieved, and management’s estimation that the likelihood of successful development and implementation reaches a provable level. Tasks that are generally capitalized are as follows: (a) system design of a chosen path including software configuration and software interfaces; (b) employee costs directly associated with the internal-use computer software project; (c) software development (coding) and software and system testing and verification; (d) system installation; and (e) enhancements that add function and are considered permanent. These tasks are capitalized and amortized using the straight line method over its estimated useful life, which range from three to ten years and is included in depreciation and amortization in the consolidated statements of income and comprehensive income. The Company capitalizes interest costs incurred in the development of software. The amount of interest capitalized is an allocation of the interest cost incurred during the period required to substantially complete the asset. The interest rate for capitalization purposes is based on a weighted average rate on the Company’s outstanding borrowing.
Software and Maintenance Contracts	Software and Maintenance Contracts Software and maintenance contracts are recorded at cost. Amortization of software and maintenance contracts is computed using the straight-line method and expensed over their estimated useful lives which range from one to five years and are recognized in cost of revenues in the consolidated statements of income and comprehensive income. Software and maintenance contracts are recognized as prepaid expenses and other assets or within other long-term assets depending on their remaining useful lives.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill represents the excess of the purchase price and related costs over the value assigned to net assets acquired. Goodwill is not amortized, but is tested for impairment at least annually, or more often if events or 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 shall be used to identify goodwill impairment and measure the amount of a goodwill impairment loss to be recognized (if any). The Company may assess qualitative factors to determine whether it is more likely than not, that is, a likelihood of more than 50 percent that the fair value of the reporting unit is less than its carrying amount, including goodwill. The Company has an unconditional option to bypass the qualitative assessment for any reporting unit in any period and proceed directly to performing the quantitative goodwill impairment test. The Company may resume performing the qualitative assessment in any subsequent period. The quantitative goodwill impairment test, used to identify both the existence of impairment and the amount of impairment loss, compares the fair value of a reporting unit with its carrying amount, including goodwill. If the Company determines to perform a quantitative impairment test, a third-party valuator may be engaged to prepare an independent valuation of each reporting unit. If the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is considered not impaired. If the carrying amount of a reporting unit exceeds its fair value, an impairment loss shall be recognized in an amount equal to that excess, limited to the total amount of goodwill allocated to that reporting unit. Additionally, the Company shall consider the income tax effect from any tax-deductible goodwill on the carrying amount of the reporting unit, if applicable, when measuring the goodwill impairment loss. For the years ended December 31, 2018 , 2017 and 2016 , no impairment losses associated with goodwill were recognized. Other identifiable intangible assets with definitive useful lives are amortized using the straight-line method or accelerated methods. These intangibles are evaluated periodically for impairment when events or changes in circumstances indicate that the carrying amounts may not be recoverable. Other identifiable intangible assets with definitive useful lives include customer relationships, trademarks, software packages and a non-compete agreement. Customer relationships were valued using the excess earnings method under the income approach. Trademark assets were valued using the relief-from-royalty method under the income approach. Internally developed software packages, which include capitalized software development costs, are recorded at cost, while software packages acquired as part of a business combination were valued using the relief-from-royalty method under the income approach. The non-compete agreement was valued based on the estimated impact that theoretical competition would have on revenues and expenses.
Derivative Instruments and Hedging Activities	Derivative Instruments and Hedging Activities The Company uses derivative financial instruments to enhance its ability to manage its exposure to certain financial and market risks. On the date the derivative instrument contract is entered into, the Company may designate the derivative as (1) a hedge of the fair value of a recognized asset or liability or an unrecognized firm commitment (“fair value” hedge), (2) a hedge of a forecasted transaction or of the variability of cash flows to be received or paid related to a recognized asset or liability (“cash flow” hedge), or (3) as a “standalone” derivative instrument, including economic hedges that the Company has not formally documented as a fair value or cash flow hedge. Changes in the fair value of a derivative that qualifies for cash flow hedge accounting are recognized in Other Comprehensive Income (Loss). Amounts accumulated in other comprehensive income (loss) are reclassified to earnings when the related cash outflow affects earnings. Changes in the fair value of a derivative instrument that is highly effective and that is designated and qualifies as a fair value hedge, along with changes in the fair value of the hedged asset or liability that are attributable to the hedged risk (including gains or losses on firm commitments), are recorded in current-period earnings. Similarly, the changes in the fair value of stand-alone derivative instruments or derivatives not qualifying or designated for hedge accounting are reported in current-period earnings. The Company recognizes all derivative financial instruments in the Consolidated Balance Sheets as assets or liabilities at fair value. The Company presents derivative assets and derivative liabilities separately in the Consolidated Balance Sheets. The Company does not enter into derivative financial instruments for speculative purposes.
Income Tax	Income Tax Income taxes are accounted for under the asset and liability method. A temporary difference refers to a difference between the tax basis of an asset or liability, determined based on recognition and measurement requirements for tax positions, and its reported amount in the financial statements that will result in taxable or deductible amounts in future years when the reported amount of the asset or liability is recovered or settled, respectively. Deferred tax assets and liabilities represent the future effects on income taxes that result from temporary differences and carryforwards that exist at the end of a period. Deferred tax assets and liabilities are measured using enacted tax rates and provisions of the enacted tax law and are not discounted to reflect the time-value of money. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in the consolidated statements of income and comprehensive income in the period that includes the enactment date. A deferred tax valuation allowance is established if it is considered more likely than not that all or a portion of the deferred tax asset will not be realized. The Company recognizes the benefit of uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than fifty percent likelihood of being realized upon ultimate settlement or disposition of the underlying issue with the taxing authority. Accordingly, the amount of benefit recognized in the consolidated financial statements may differ from the amount taken or expected to be taken in the tax return resulting in unrecognized tax benefits (“UTBs”). The Company recognizes the interest and penalties associated with UTBs as part of the provision for income taxes on its consolidated statements of income and comprehensive income. Accrued interest and penalties are included on the related tax liability line in the consolidated balance sheets. All companies within EVERTEC are legal entities which file separate income tax returns.
Cash and Cash Equivalents	Cash and cash equivalents Cash includes cash on hand and in banks and certificates of deposits with original maturities of three months or less.
Restricted Cash	Restricted Cash Restricted cash represents cash received on deposits from participating institutions of the ATH network that has been segregated for the development of the ATH brand and cash maintained as collateral for a credit facility with Popular. Also, restricted cash includes certain cash collected from the Ticketpop business and a reserve account for payment and transaction processing services to merchants. The restrictions of these accounts are based on contractual provisions entered into with third parties. This cash is maintained in separate accounts at a financial institution in Puerto Rico.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts An allowance for doubtful accounts is provided for based on the estimated uncollectible amounts of the related receivables. The estimate is primarily based on a review of the current status of specific accounts receivable. Receivables are considered past due if full payment is not received by the contractual date. Past due accounts are generally written off against the allowance for doubtful accounts only after all collection attempts have been exhausted.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities denominated in foreign currencies are translated to U.S. dollars using prevailing rates of exchange at the end of the period. Revenues, expenses, gains and losses are translated using weighted average rates for the period. The resulting foreign currency translation adjustment from operations for which the functional currency is other than the U.S. dollar is reported in accumulated other comprehensive loss. Gains and losses on transactions denominated in currencies other than the functional currencies are included in determining net income for the period in which exchange rates change.
Share-based Compensation	Share-based Compensation
Net Income Per Common Share	Net Income Per Common Share Basic net income per common share is determined by dividing net income by the weighted-average number of common shares outstanding during the period. Diluted net income per common share assumes the issuance of all potentially dilutive share equivalents using the treasury stock method. For stock options and RSUs it is assumed that the proceeds will be used to buy back shares. For stock options, such proceeds equal the average unrecognized compensation plus exercise price. For unvested restricted share units, the proceeds equal the average unrecognized compensation.
Recent Accounting Pronouncements	Recently adopted accounting pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued updated guidance for accounting for employee share based payments. The areas for simplification in this Update involve several aspects of the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The Company has adopted this guidance in the first quarter of 2017 with the following effects on its Consolidated Financial Statements: - All excess tax benefits and tax deficiencies should be recognized as income tax expense. This guidance was adopted on a modified retrospective basis with a $4.2 million cumulative impact on retained earnings and will be applied prospectively to all excess tax benefits and tax deficiencies resulting from settlements after the date of adoption. Additionally, for purposes of the diluted share count calculation for the Company's earnings per share, which is performed under the treasury stock method, the Company is no longer including excess tax benefits. - Excess tax benefits should be classified along with other income tax cash flows as an operating activity. This guidance was adopted with no impact on the Consolidated Statement of Cash Flows and will be applied prospectively to all excess tax benefits resulting from settlements after the date of adoption. - An entity can make an entity-wide accounting policy election to either estimate the number of awards that are expected to vest (current GAAP) or account for forfeitures when they occur. The Company has elected to account for forfeitures when they occur. - The threshold to qualify for equity classification permits withholding up to the maximum statutory tax rates in the applicable jurisdictions. The Company has adopted this guidance with no impact on its Consolidated Financial Statements given that withholdings are calculated using actual statutory withholding tables. - Cash paid by an employer when directly withholding shares for tax withholding purposes should be classified as a financing activity. The Company adopted this guidance with no impact on its Consolidated Statement of Cash Flows as the Company currently classifies statutory withholding taxes paid on share-based compensation as a financing activity. During 2014, the FASB issued new guidance for revenue from contracts with customers, which requires an entity to recognize revenue that depicts the transfer of promised goods or services to customers in an amount that reflects the consideration to which the Company 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 business entities for interim and annual periods that began after December 15, 2017. Management adopted the standards 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 3 - Revenues for discussions of the impact of adopting ASC Topic 606 on the Company's consolidated financial statements. 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 all periods presented within the financial statements and has included and reconciled restricted cash within cash and cash equivalents in the Consolidated Statements of Cash Flows. 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. 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 August 2017 and October 2018, the FASB issued updated guidance to improve accounting for hedging activities. The amendments in the August 2017 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. The amendments in the October 2018 update permit use of the Overnight Index Swap rate based on Secured Overnight Financing Rate as a U.S. benchmark interest rate for hedge accounting purposes, in addition to other permissible U.S. benchmark rates. The Company adopted this guidance in the fourth quarter of 2018. With the adoption of this guidance as long as the Company's assessment for hedge effectiveness continues to indicate that a hedging relationship is highly effective, all changes in the fair value of a hedging instrument will be recorded through other comprehensive income as the updated literature eliminates accounting for hedge ineffectiveness for cash flow hedges. The adoption of this guidance did not have an impact on the Company's classification or accounting for its cash flow hedges. Additional disclosures required by the adoption of this guidance are in Note 12 - Debt and Short-term Borrowings. Recently issued accounting pronouncements The FASB has issued the following accounting pronouncements and guidance relevant to the Company’s operations: In June 2018, the FASB issued updated guidance for accounting for non-employee share-based payments. The update was issued as part of the FASB simplification initiative and requires an entity to apply the requirements of Topic 718 to nonemployee awards, with certain exceptions, which were previously accounted under Topic 505. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. Early adoption is permitted, but no earlier than an entity’s adoption date of Topic 606. The Company will evaluate any future grants to non-employees under the updated guidance once effective. In July 2018, the FASB issued codification improvements for various standards. The amendments represent changes to clarify, correct errors in, or make minor improvements to the codification. Certain amendments included in the update were effective upon issuance of the guidance and the Company adopted without a material impact on the consolidated condensed financial statements. The remaining guidance improvements are effective for public business entities for fiscal years beginning after December 15, 2018, including interim periods within that fiscal year. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. In August 2018, the FASB issued an updated disclosure framework for fair value measurements. The amendments in the issued update remove, modify and add disclosure requirements on fair value measurements in Topic 820 Fair Value Measurements. The amendments in this update are effective for all entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019. Certain amendments in the update should be applied prospectively for only the most recent interim or annual period presented in the initial fiscal year of adoption. All other amendments should be applied retrospectively to all periods presented. Early adoption is permitted upon issuance of this update. An entity is permitted to early adopt any removed or modified disclosures upon issuance of this update and delay adoption of the additional disclosures until their effective date. The Company is currently evaluating the impact of the adoption of this update on the notes to the consolidated financial statements. In August 2018, the FASB issued updated guidance for customer's accounting for implementation costs incurred in a cloud computing arrangement that is a service contract. The amendments in this update align the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendments in this update are effective for public business entities for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years. The amendments in this update should be applied either retrospectively or prospectively to all implementation costs incurred after the date of adoption. The Company is currently evaluating the impact of the adoption of this update to the consolidated financial statements. In October 2018, the FASB issued updated guidance to improve related party guidance for variable interest entities. The updated guidance requires entities to consider indirect interests held through related parties under common control on a proportional basis rather than as the equivalent of a direct interest in its entirety when determining whether a decision-making fee is a variable interest. The amendments in this update are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. These amendments should be applied retrospectively with a cumulative-effect adjustment to retained earnings at the beginning of the earliest period presented. The Company does not expect the adoption of this guidance to have an impact on the consolidated financial statements. In November 2018, the FASB issued updated guidance to clarify the interaction between the guidance for collaborative arrangements and the updated revenue recognition guidance. The amendments in this update, among other things, provide guidance on how to assess whether certain collaborative arrangement transactions should be accounted for under Topic 606. The amendments in this update are effective for public business entities for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2019, with early adoption permitted. The Company is currently evaluating the impact of the adoption of this guidance on its consolidated financial statements. Accounting pronouncements issued prior to 2018 and not yet adopted During 2016, the FASB issued a new standard related to Accounting Standards Codification ("ASC") Topic 842 Leases to increase transparency and comparability among organizations by recognizing Right of Use ("ROU") assets and lease liabilities on the balance sheet for all leases, other than leases that meet the definition of a short term lease, notwithstanding the lease classification. Under the standard, organizations are required to provide disclosures with the objective of enabling users of financial statements to assess the amount, timing, and uncertainty of cash flows arising from leases. For lessors, this amended guidance modifies the classification criteria and the accounting for sales-type and direct financing leases. In July 2018, the FASB issued Accounting Standards Update ("ASU") 2018-10 and ASU 2018-11, to amend narrow aspects of the standard, to add a new and optional transition method for the adoption of the new standard and provide lessors with a practical expedient, among others. The Company has elected the transition method provided by the new standard whereby it will apply the requirements of Topic 842 on a prospective basis as of the adoption date of January 1, 2019, without restating prior periods. The Company elected to apply all the practical expedients available for transition, except for the practical expedient pertaining to land easement, since it is not applicable to the Company. Accordingly, upon transition, the Company will account for its existing leases without reassessing (a) whether the contract contains a lease under ASC Topic 842, (b) whether the lease classification should be different in accordance with ASC Topic 842, and (c) whether initial direct costs before transition would have met the definition of the new leasing standard. Also, the Company will consider all facts and circumstances from lease contract inception up to the effective date of ASC Topic 842 to determine lease terms. For financing leases, the Company will change the characterization of the asset (to an ROU asset) and the obligation (to a lease liability). On adoption, the Company expects to recognize additional operating lease liabilities of approximately $36.8 million , with corresponding ROU assets of the same amount based on the present value of the remaining lease payments under current leasing standards for existing operating leases. The new standard also provides practical expedients for an entity's ongoing accounting. The Company elected to apply the short-term lease recognition exception for all leases that qualify. This means that, for those leases that qualify, the Company will not recognize ROU assets or lease liabilities. Currently, the Company does not have short-term leases. In addition, the Company elected the practical expedient of not separating lease and non-lease components for all leases. During the fourth quarter of 2018, the Company initiated the implementation of a third-party supported lease accounting information system solution to track and account for its leases, which was implemented into production in January 2019. Currently, the Company is implementing new lease accounting processes and related internal controls. As a lessor, the Company does not expect a material effect in its financial statements, business processes, systems and controls. During 2016, the FASB issued updated guidance for the measurement of credit losses on financial instruments, which require an entity to recognize impairment based on an expected losses basis rather than on incurred losses, that might result in more timely recognition of credit losses. This guidance is further clarified and amended by an update issued in November 2018. 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 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.

Revenues (Tables)

Revenues (Tables)	12 Months Ended
	Dec. 31, 2018
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	In the following table, revenue is disaggregated by timing of revenue recognition. December 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 $ 293 $ 2,864 $ — $ 7,329 $ 10,486 Products and services transferred over time 77,744 75,706 99,655 190,278 443,383 $ 78,037 $ 78,570 $ 99,655 $ 197,607 $ 453,869
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 1,187 Transfers to accounts receivable (2,094 ) December 31, 2018 $ 996

Accounts Receivable, Net (Table

Accounts Receivable, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Receivables [Abstract]
Summary of Accounts Receivable, Net	Accounts receivable, net consisted of the following: December 31, (In thousands) 2018 2017 Trade $ 61,082 $ 57,740 Due from affiliates, net 25,703 18,089 Settlement assets 15,118 8,949 Other 304 321 Less: allowance for doubtful accounts (1,884 ) (1,771 ) Accounts receivable, net $ 100,323 $ 83,328

Prepaid Expenses and Other As_2

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2018
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Summary of Prepaid Expenses and Other Assets	Prepaid expenses and other assets consisted of the following: December 31, (In thousands) 2018 2017 Software licenses and maintenance contracts $ 9,961 $ 7,008 Deferred project costs 4,283 3,223 Guarantee deposits 4,611 4,870 Insurance 1,229 1,244 Prepaid income taxes 1,646 1,875 Taxes other than income 1,710 1,551 Postage 2,150 3,068 Other 3,534 2,172 Prepaid expenses and other assets $ 29,124 $ 25,011

Property and Equipment, Net (Ta

Property and Equipment, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Property, Plant and Equipment [Abstract]
Summary of Property and Equipment, Net	Property and equipment, net consisted of the following: Useful life in years December 31, (Dollar amounts in thousands) 2018 2017 Buildings 30 $ 1,440 $ 1,531 Data processing equipment 3 - 5 110,673 103,426 Furniture and equipment 3 - 20 7,761 232 Leasehold improvements 5 -10 2,625 2,190 122,499 107,379 Less—accumulated depreciation and amortization (86,990 ) (70,793 ) Depreciable assets, net 35,509 36,586 Land 1,254 1,338 Property and equipment, net $ 36,763 $ 37,924

Goodwill (Tables)

Goodwill (Tables)	12 Months Ended
	Dec. 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 operating segments, were as follows (See Note 23): (In thousands) Payment Payment Merchant Business Total Balance at December 31, 2016 $ 160,972 $ 25,716 $ 138,121 $ 46,177 $ 370,986 Goodwill attributable to acquisition — 26,931 — — 26,931 Adjustment to goodwill from prior year acquisition 1,099 1,099 Foreign currency translation adjustments — (87 ) — (354 ) (441 ) Balance at December 31, 2017 160,972 53,659 138,121 45,823 398,575 Foreign currency translation adjustments — (3,931 ) — — (3,931 ) Balance at December 31, 2018 $ 160,972 $ 49,728 $ 138,121 $ 45,823 $ 394,644

Other Intangible Assets, Net (T

Other Intangible Assets, Net (Tables)	12 Months Ended
	Dec. 31, 2018
Goodwill and Intangible Assets Disclosure [Abstract]
Carrying Amount of Other Intangible Assets	The carrying amount of other intangible assets consisted of the following: Useful life in years December 31, 2018 (In thousands) Gross amount Accumulated amortization Net carrying amount Customer relationships 8 - 14 $ 342,738 $ (194,570 ) $ 148,168 Trademark 2 - 15 41,357 (28,888 ) 12,469 Software packages 3 -10 224,855 (151,666 ) 73,189 Non-compete agreement 15 56,539 (31,096 ) 25,443 Other intangible assets, net $ 665,489 $ (406,220 ) $ 259,269 Useful life in years December 31, 2017 (In thousands) Gross amount Accumulated amortization Net carrying amount 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 expenses of balances outstanding at December 31, 2018 for the next five years are as follows: (In thousands) 2019 $ 47,081 2020 41,588 2021 36,638 2022 33,243 2023 31,619 During the third quarter of 2017, the Company recognized an impairment charge of $6.5 million through cost of revenues for a third party software solution that is no longer commercially viable. In connection with this exit activity, the Company accrued $5.3 million for ongoing contractual fees, also through cost of revenues and recognized maintenance expense of $1.0 million . Both the liability and the impairment charge affected the Company's Merchant Acquiring segment and Payment Services segments. In the fourth quarter of 2017, the Company recognized an impairment loss related to a multi-year software development project that was impacted by delays caused by the hurricane and projected increased costs with a third party vendor, amounting to $5.0 million through cost of revenues and is in the Company's Payment Services - Puerto Rico & Caribbean segment. The fair value of the impaired assets was determined using discounted cash flow models.

Debt and Short-Term Borrowings

Debt and Short-Term Borrowings (Tables)	12 Months Ended
	Dec. 31, 2018
Debt Disclosure [Abstract]
Summary of Total Debt	Total debt was as follows: December 31, (In thousands) 2018 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) ) $ — $ 26,690 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)(9) ) — 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)(9) ) — 376,395 Senior Secured Credit Facility (2023 Term A) due on November 27, 2023 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(7) ) 217,791 — Senior Secured Credit Facility (2024 Term B) due on November 27, 2024 paying interest at a variable interest rate (LIBOR plus applicable margin (3)(8) ) 320,515 — Senior Secured Revolving Credit Facility (6) — 12,000 Note Payable due on August 31, 2019 (5) — 584 Note Payable due on April 30, 2021 (3) 300 418 Total debt $ 538,606 $ 616,740 (1) Applicable margin of 2.25% at December 31, 2017 . (2) Subject to a minimum rate (“LIBOR floor”) of 0.75% plus applicable margin of 2.50% at December 31, 2017 . (3) Net of unaccreted discount and unamortized debt issue costs, as applicable. (4) Applicable margin of 2.50% at December 31, 2017 . (5) Fixed interest rate of 7.50% . The Company prepaid the outstanding principal balance of this note during the second quarter of 2018 without penalties. (6) Applicable margin of 2.25% and 2.50% at December 31, 2018 and December 31, 2017 , respectively. (7) Applicable margin of 2.25% at December 31, 2018 . (8) Subject to a minimum rate (“LIBOR floor”) of 0.0% plus applicable margin of 3.50% at December 31, 2018 . (9) Prepaid on November 27, 2018 in connection with the execution of the 2018 Credit Agreement.
Summary of Contractual Principal Payments	The following table presents contractual principal payments for the next five years: (In thousands) 2019 $ 14,386 2020 14,386 2021 14,295 2022 19,750 2023 173,750
Schedule of Interest Rate Swap Transaction	At December 31, 2018 , the Company had two interest rate swap agreements, entered into in December 2015 and December 2018, which convert a portion of the interest rate payments on the Company's 2023 Term B Loan from variable to fixed: Swap Agreement Effective date Maturity Date Notional Amount Variable Rate Fixed Rate 2015 Swap January 2017 April 2020 $200 million 1-month LIBOR 1.9225% 2018 Swap April 2020 November 2024 $250 million 1-month LIBOR 2.89%
Schedule of Carrying Amount of Derivative Instruments on the Balance Sheet	At December 31, 2018 and 2017 , the carrying amount of the derivatives on the Company’s balance sheets is as follows: (In thousands) December 31, 2018 December 31, 2017 Other long-term assets $ 1,683 $ 214 Other long-term liabilities 4,059 —

Financial Instruments and Fai_2

Financial Instruments and Fair Value Measurements (Tables)	12 Months Ended
	Dec. 31, 2018
Fair Value Disclosures [Abstract]
Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis	The following table summarizes fair value measurements by level at December 31, 2018 and 2017 , for assets and liabilities measured at fair value on a recurring basis: (Dollar amounts in thousands) Level 1 Level 2 Level 3 Total December 31, 2018 Financial asset: Interest rate swap $ — $ 1,683 $ — $ 1,683 Financial liability: Interest rate swap — 4,059 — 4,059 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 December 31, 2018 and 2017 : December 31, 2018 2017 (Dollar amounts in thousands) Carrying Amount Fair Value Carrying Amount Fair Value Financial asset: Interest rate swap $ 1,683 $ 1,683 $ 214 $ 214 Financial liabilities: Interest rate swap 4,059 4,059 — — Senior Secured Term B Loan — — 376,395 370,540 2018 Term A Loan — — 26,690 26,027 2020 Term A Loan — — 200,653 196,584 2023 Term A 217,791 218,625 — — 2024 Term B 320,515 319,517 — —

Equity (Tables)

Equity (Tables)	12 Months Ended
	Dec. 31, 2018
Equity [Abstract]
Summary of Dividend Activity	The Company’s dividend activity in 2018 and 2017 was as follows: Declaration Date Record Date Payment Date Dividend per share February 17, 2017 March 1, 2017 March 20, 2017 $ 0.10 April 27, 2017 May 8, 2017 June 9, 2017 0.10 July 25, 2017 August 7, 2017 September 8, 2017 0.10 July 26, 2018 August 6, 2018 September 7, 2018 0.05 October 25, 2018 November 5, 2018 December 7, 2018 0.05
Summary of Changes in Balances Comprising Accumulated Other Comprehensive Loss	The following table provides a summary of the changes in the balances comprising accumulated other comprehensive loss for the years ended December 31, 2018 and 2017 : Foreign Currency Translation Adjustments Cash Flow Hedge Total Balance - December 31, 2016, net of tax $ (10,427 ) $ (1,964 ) $ (12,391 ) Other comprehensive (loss) income before reclassifications (635 ) 580 (55 ) Amount reclassified to Net Income — 1,598 1,598 Balance - December 31, 2017, net of tax (11,062 ) 214 (10,848 ) Other comprehensive loss before reclassifications (10,564 ) (2,273 ) (12,837 ) Amount reclassified to Net Income — (104 ) (104 ) Balance - December 31, 2018, net of tax $ (21,626 ) $ (2,163 ) $ (23,789 )

Share-based Compensation (Table

Share-based Compensation (Tables)	12 Months Ended
	Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Nonvested Restricted Shares and RSUs Activity	The following table summarizes the nonvested restricted shares and RSUs activity for the years ended December 31, 2018 , 2017 and 2016 : Nonvested restricted shares and RSUs Shares Weighted-average Nonvested at December 31, 2015 491,726 $ 22.32 Granted 907,320 12.02 Vested (154,820 ) 20.97 Forfeited (31,862 ) 18.61 Nonvested at December 31, 2016 1,212,364 14.88 Granted 1,584,241 15.37 Vested (315,953 ) 15.30 Forfeited (139,760 ) 16.06 Nonvested at December 31, 2017 2,340,892 15.08 Granted 636,322 17.07 Vested (468,064 ) 18.41 Forfeited (472,987 ) 16.55 Nonvested at December 31, 2018 2,036,163 $ 15.09
Share-Based Compensation Recognized	Share-based compensation recognized was as follows: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Share-based compensation recognized, net Stock options $ — $ 6 $ 60 Restricted shares and RSUs 12,592 9,636 6,355

Income Tax (Tables)

Income Tax (Tables)	12 Months Ended
	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) consisted of the following: Years ended December 31, (In thousands) 2018 2017 2016 Current tax provision $ 17,207 $ 9,086 $ 12,865 Deferred tax benefit (4,611 ) (4,306 ) (4,594 ) Income tax expense $ 12,596 $ 4,780 $ 8,271
Segregation of Income Tax Expense (Benefit) Based on Location of Operations	The following table presents the segregation of income tax expense (benefit) based on location of operations: Years ended December 31, (In thousands) 2018 2017 2016 Income before income tax provision Puerto Rico $ 77,176 $ 47,347 $ 70,899 United States 3,199 3,089 2,670 Foreign countries 18,790 9,763 9,828 Total income before income tax provision $ 99,165 $ 60,199 $ 83,397 Current tax provision Puerto Rico $ 6,841 $ 1,892 $ 7,072 United States 599 292 567 Foreign countries 9,767 6,902 5,226 Total current tax provision $ 17,207 $ 9,086 $ 12,865 Deferred tax benefit Puerto Rico $ (2,904 ) $ (3,176 ) $ (2,874 ) United States (584 ) (184 ) (259 ) Foreign countries (1,123 ) (946 ) (1,461 ) Total deferred tax benefit $ (4,611 ) $ (4,306 ) $ (4,594 )
Components of Deferred Tax Assets and Liabilities	The following table presents the components of the Company’s deferred tax assets and liabilities: December 31, (In thousands) 2018 2017 Deferred tax assets (“DTA”) Allowance for doubtful accounts $ 170 $ 195 Unearned income 4,394 3,136 Investment in equity subsidiary 220 447 Alternative minimum tax — 51 Share-based compensation 1,684 1,208 Debt issuance costs 309 69 Accrued liabilities 1,257 505 Derivative liability 351 — Accrual of contract maintenance cost 157 472 Impairment of asset 289 425 Other 1,976 1,754 Total gross deferred tax assets 10,807 8,262 Deferred tax liabilities (“DTL”) Capitalized salaries 1,756 1,617 Derivative asset 185 — Difference between the assigned values and the tax basis of assets and liabilities recognized in a business combination 16,240 19,124 Other 659 353 Total gross deferred tax liabilities 18,840 21,094 Deferred tax liability, net $ (8,033 ) $ (12,832 )
Reconciliation of Total Amounts of Unrecognized Tax Benefits	The following is a tabular reconciliation of the total amounts of UTPs: Years ended December 31, (In thousands) 2018 2017 2016 Balance, beginning of year $ 9,148 $ 12,219 $ 12,847 Gross increases—tax positions in prior period 578 — — Gross decreases—tax positions in prior period (488 ) — (345 ) Lapse of statute of limitations — (3,071 ) (283 ) Balance, end of year $ 9,238 $ 9,148 $ 12,219
Income Tax Expense Differs from Computed Income Tax at Statutory Rates	The 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: Years ended December 31, (In thousands) 2018 2017 2016 Computed income tax at statutory rates $ 38,674 $ 23,477 $ 32,525 Benefit of net tax-exempt interest income (50 ) (56 ) (52 ) Differences in tax rates due to multiple jurisdictions (678 ) 2,353 32 Tax expense (benefit) due to a change in estimate 467 (334 ) 258 Effect of income subject to tax-exemption grant (26,260 ) (16,832 ) (24,866 ) Unrecognized tax expense (benefit) 443 (3,828 ) 373 Other — — 1 Income tax expense $ 12,596 $ 4,780 $ 8,271

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	12 Months Ended
	Dec. 31, 2018
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator of Income Per Common Share	The reconciliation of the numerator and the denominator of the earnings per common share is as follows: Years ended December 31, ( Dollar amounts in thousands, except share and per share data) 2018 2017 2016 Net income attributable to EVERTEC, Inc.’s common stockholders $ 86,270 $ 55,054 $ 75,036 Less: non-forfeitable dividends on restricted stock 4 10 12 Net income available to common shareholders $ 86,266 $ 55,044 $ 75,024 Weighted average common shares outstanding 72,607,321 72,479,807 74,132,863 Weighted average potential dilutive common shares (1) 1,812,789 392,381 340,506 Weighted average common shares outstanding—assuming dilution 74,420,110 72,872,188 74,473,369 Net income per common share—basic $ 1.19 $ 0.76 $ 1.01 Net income per common share—diluted $ 1.16 $ 0.76 $ 1.01 (1) Potential common shares consist of common stock issuable under the assumed exercise of stock options and RSUs awards using the treasury stock method.

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2018
Related Party Transactions [Abstract]
Summary of Transactions with Related Parties	The following table presents the Company’s transactions with related parties for each of the periods presented below: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Total revenues (1)(2) $ 188,060 $ 177,213 $ 176,473 Cost of revenues $ 3,422 $ 2,929 $ 2,180 Rent and other fees $ 8,046 $ 7,803 $ 8,110 Interest earned from an affiliate Interest income $ 147 $ 154 $ 211 (1) Total revenues from Popular as a percentage of revenues were 41% , 43% and 45% for each of the periods presented above. (2) Includes revenues generated from investee accounted for under the equity method of $1.3 million , $1.8 million and $2.1 million for the years ended December 31, 2018 , 2017 and 2016 , respectively.
Balances of Transactions with Related Parties	At December 31, 2018 and 2017 , the Company had the following balances arising from transactions with related parties: December 31, (In thousands) 2018 2017 Cash and restricted cash deposits in affiliated bank $ 29,136 $ 23,227 Other due to/from affiliate Accounts receivable $ 25,714 $ 18,073 Prepaid expenses and other assets $ 2,796 $ 1,216 Other long-term assets $ 166 $ 288 Accounts payable $ 6,344 $ 5,827 Unearned income $ 25,401 $ 19,768

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2018
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Rental Payments on Operating Leases	Future minimum rental payments on such operating leases at December 31, 2018 are as follows: (Dollar amounts in thousands) Unrelated parties Related party Total minimum future rentals 2019 $ 395 $ 6,529 $ 6,924 2020 36 1,503 1,539 2021 — — — 2022 — — — 2023 — — — $ 431 $ 8,032 $ 8,463

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2018
Segment Reporting [Abstract]
Summary of Operations by Business Segments	The following tables set forth information about the Company’s operations by its four business segments for the periods indicated below. Historical information has been conformed to the updated presentation. December 31, 2018 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 114,119 $ 80,899 $ 99,655 $ 197,602 $ (38,406 ) $ 453,869 Operating costs and expenses 52,006 75,240 55,778 126,232 19,485 328,741 Depreciation and amortization 9,734 9,284 1,698 13,878 28,473 63,067 Non-operating income (expenses) 2,420 11,750 3 477 (11,356 ) 3,294 EBITDA 74,267 26,693 45,578 85,725 (40,774 ) 191,489 Compensation and benefits (2) 1,087 1,034 938 2,088 8,512 13,659 Transaction, refinancing, and other fees (3) (250 ) — — — 7,561 7,311 Adjusted EBITDA $ 75,104 $ 27,727 $ 46,516 $ 87,813 $ (24,701 ) $ 212,459 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $36.1 million processing fee from Payments Services - Puerto Rico and Caribbean to Merchant Acquiring, intercompany software sale and developments of $2.3 million from Payment Services- Latin America to Payment Services- Puerto Rico & Caribbean 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2018 Credit Agreement, relief contributions related to the 2017 hurricanes and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. December 31, 2017 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 101,687 $ 62,702 $ 85,778 $ 189,077 $ (32,100 ) $ 407,144 Operating costs and expenses 57,463 66,786 57,574 119,761 19,477 321,061 Depreciation and amortization 8,993 8,880 2,254 15,774 28,349 64,250 Non-operating income (expenses) 2,229 8,726 1 13 (7,708 ) 3,261 EBITDA 55,446 13,522 30,459 85,103 (30,936 ) 153,594 Compensation and benefits (2) 589 816 573 1,687 6,090 9,755 Transaction, refinancing, exit activity and other fees (3) 2,499 3,220 6,465 — 2,495 14,679 Adjusted EBITDA $ 58,534 $ 17,558 $ 37,497 $ 86,790 $ (22,351 ) $ 178,028 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $32.1 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2013 Credit Agreement, an impairment charge and contractual fee accrual for a third party software solution that was determined to be commercially unviable and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. December 31, 2016 (In thousands) Payment Payment Merchant Business Corporate and Other (1) Total Revenues $ 99,680 $ 47,162 $ 91,248 $ 184,276 $ (32,859 ) $ 389,507 Operating costs and expenses 49,128 45,304 52,771 113,082 22,077 282,362 Depreciation and amortization 7,597 7,285 2,672 13,783 28,230 59,567 Non-operating income (expenses) 2,238 5,584 — 24 (7,354 ) 492 EBITDA 60,387 14,727 41,149 85,001 (34,060 ) 167,204 Compensation and benefits (2) 637 627 480 1,961 6,777 10,482 Transaction, refinancing, and other fees (3) 2,062 — — 2,277 5,650 9,989 Adjusted EBITDA $ 63,086 $ 15,354 $ 41,629 $ 89,239 $ (21,633 ) $ 187,675 (1) Corporate and Other consists of corporate overhead, certain leveraged activities, other non-operating expenses and intersegment eliminations. Intersegment eliminations predominantly reflect the $32.9 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 and other compensation expense and severance payments. (3) Primarily represents fees and expenses associated with corporate transactions as defined in the 2013 Credit Agreement and consulting, audit and legal expenses incurred as part of the prior year restatement of financial results, certain fees paid to resolve a software maintenance contract matter, a software impairment charge and the elimination of non-cash equity earnings from our 19.99% equity investment in Consorcio de Tarjetas Dominicanas S.A., net of cash dividends received. The reconciliation of EBITDA to consolidated net income is as follows: Years ended December 31, (In thousands) 2018 2017 2016 Total EBITDA $ 191,489 $ 153,594 $ 167,204 Less: Income tax expense 12,596 4,780 8,271 Interest expense, net 29,257 29,145 24,240 Depreciation and amortization 63,067 64,250 59,567 Net Income $ 86,569 $ 55,419 $ 75,126
Segment Information by Geographic Location	The geographic segment information below is classified based on the geographic location of the Company’s subsidiaries: Years ended December 31, (Dollar amounts in thousands) 2018 2017 2016 Revenues (1) Puerto Rico $ 358,436 $ 329,533 $ 326,073 Caribbean 15,672 14,909 16,272 Latin America 79,761 62,702 47,162 Total revenues $ 453,869 $ 407,144 $ 389,507 (1) Revenues are based on subsidiaries’ country of domicile.

The Company and Summary of Si_3

The Company and Summary of Significant Accounting Policies - Additional Information (Detail)	Dec. 13, 2013shares	Sep. 18, 2013shares	Apr. 17, 2013$ / sharesshares	Dec. 31, 2018USD ($)country$ / sharesshares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Company And Summary Of Significant Accounting Policies [Line Items]
Number of countries where services are provided | country				26
Offering price (in usd per share) | $ / shares				$ 0.01
Interest cost capitalized | $				$ 1,100,000	$ 800,000	$ 400,000
Impairment losses | $				$ 0	$ 0	$ 0
Software and Maintenance Contracts | Minimum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life				1 year
Software and Maintenance Contracts | Maximum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life				5 years
Software Development | Minimum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life				3 years
Software Development | Maximum
Company And Summary Of Significant Accounting Policies [Line Items]
Intangible asset useful life				10 years
Selling Stockholders
Company And Summary Of Significant Accounting Policies [Line Items]
Shares issued under public offerings (in shares)	15,233,273	23,000,000
Popular
Company And Summary Of Significant Accounting Policies [Line Items]
Shares issued under public offerings (in shares)				11,700,000
Percentage of equity interest owned				16.10%
Apollo Global Management LLC
Company And Summary Of Significant Accounting Policies [Line Items]
Shares issued under public offerings (in shares)				0
IPO | Common Stock
Company And Summary Of Significant Accounting Policies [Line Items]
Shares issued under public offerings (in shares)			28,789,943
Offering price (in usd per share) | $ / shares			$ 20

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	Jan. 01, 2019	Jan. 01, 2018	Mar. 31, 2017	Jan. 01, 2017
ASU 2016-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from implementation of ASU				$ 4,203
ASU 2016-09 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from implementation of ASU			$ 4,200	$ 4,203
ASU 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from implementation of ASU		$ 842
ASU 2014-09 | Retained Earnings
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment from implementation of ASU		$ 858
ASU 2016-02 | Subsequent Event
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating lease liabilities	$ 36,800
ROU assets	$ 36,800

Revenues - Disaggregation of Re

Revenues - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Disaggregation of Revenue [Line Items]
Revenues	$ 453,869	$ 453,869	$ 407,144	$ 389,507
Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	10,486
Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	443,383
Payment Services - Puerto Rico & Caribbean
Disaggregation of Revenue [Line Items]
Revenues	78,037
Payment Services - Puerto Rico & Caribbean | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	293
Payment Services - Puerto Rico & Caribbean | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	77,744
Payment Services - Latin America
Disaggregation of Revenue [Line Items]
Revenues	78,570
Payment Services - Latin America | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	2,864
Payment Services - Latin America | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	75,706
Merchant Acquiring, net
Disaggregation of Revenue [Line Items]
Revenues	99,655
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	99,655
Business Solutions
Disaggregation of Revenue [Line Items]
Revenues	197,607
Business Solutions | Products and services transferred at a point in time
Disaggregation of Revenue [Line Items]
Revenues	7,329
Business Solutions | Products and services transferred over time
Disaggregation of Revenue [Line Items]
Revenues	$ 190,278

Revenues - Contract Balances (D

Revenues - Contract Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Contract with Customer, Asset, Net	$ 996	$ 1,903
Contract with Customer, Asset, Cumulative Catch-up Adjustment to Revenue, Change in Measure of Progress	1,187
Contract with Customer, Asset, Reclassified to Receivable	$ (2,094)

Revenues - Performance Obligati

Revenues - Performance Obligations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Revenue from Contract with Customer [Abstract]
Accounts receivable, net	$ 100,323	$ 83,328
Unearned income	11,527	7,737
Unearned income—long-term	26,075	$ 23,486
Revenue recognized that was included in unearned income	8,100
Transaction price allocated to performance obligations that are unsatisfied or partially satisfied	$ 251,700
Professional Services, All Other Contracts | Minimum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfcation	2 years
Professional Services, All Other Contracts | Maximum | Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2018-10-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, remaining performance obligation, period of expected timing of satisfcation	5 years

Cash and cash equivalents (Deta

Cash and cash equivalents (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 69,973	$ 50,423	$ 51,920
Cash Deposited In an Affiliate Financial Institution
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	19,600	19,600
Territories Other Than Puerto Rico
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	$ 50,300	$ 30,000

Accounts Receivable, Net (Detai

Accounts Receivable, Net (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Receivables [Abstract]
Trade	$ 61,082	$ 57,740
Due from affiliates, net	25,703	18,089
Settlement assets	15,118	8,949
Other	304	321
Less: allowance for doubtful accounts	(1,884)	(1,771)
Accounts receivable, net	$ 100,323	$ 83,328

Prepaid Expenses and Other As_3

Prepaid Expenses and Other Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Prepaid Expenses And Other Current Assets [Line Items]
Software licenses and maintenance contracts	$ 9,961	$ 7,008
Deferred project costs	4,283	3,223
Guarantee deposits	4,611	4,870
Insurance	1,229	1,244
Postage	2,150	3,068
Other	3,534	2,172
Prepaid expenses and other assets	29,124	25,011
Income taxes
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid income tax	1,646	1,875
Taxes other than Income
Prepaid Expenses And Other Current Assets [Line Items]
Prepaid income tax	$ 1,710	$ 1,551

Investment in Equity Investee (

Investment in Equity Investee (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]
Equity interest in CONTADO acquisition				19.99%
Equity interest in CONTADO, excess cost of investment over underlying equity in net assets				$ 9,000,000
Earnings (losses) of equity method investment	$ 692,000	$ 604,000	$ (52,000)
Dividends received from CONTADO	390,000	0	0
Equity Method Investments
Schedule of Equity Method Investments [Line Items]
Equity interest in CONTADO, amortization expense	$ 300,000	$ 200,000	$ 300,000

Property and Equipment, Net (De

Property and Equipment, Net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 122,499	$ 107,379
Less—accumulated depreciation and amortization	(86,990)	(70,793)
Depreciable assets, net	35,509	36,586
Land	1,254	1,338
Property and equipment, net	$ 36,763	37,924
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	30 years
Property and equipment, gross	$ 1,440	1,531
Data processing equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 110,673	103,426
Data processing equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Data processing equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Furniture and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,761	232
Furniture and equipment | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	3 years
Furniture and equipment | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	20 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,625	$ 2,190
Leasehold improvements | Minimum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	5 years
Leasehold improvements | Maximum
Property, Plant and Equipment [Line Items]
Property and equipment, useful life	10 years

Property and Equipment, Net - A

Property and Equipment, Net - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Depreciation and amortization expense	$ 14.5	$ 14.7	$ 14.2

Goodwill - Changes in Carrying

Goodwill - Changes in Carrying Amount of Goodwill Allocated by Reportable Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 398,575	$ 370,986
Goodwill attributable to acquisition		26,931
Adjustment to goodwill from prior year acquisition		1,099
Foreign currency translation adjustments	(3,931)	(441)
Goodwill, ending balance	394,644	398,575
Payment Services - Puerto Rico & Caribbean
Goodwill [Roll Forward]
Goodwill, beginning balance	160,972	160,972
Goodwill attributable to acquisition		0
Foreign currency translation adjustments	0	0
Goodwill, ending balance	160,972	160,972
Payment Services - Latin America
Goodwill [Roll Forward]
Goodwill, beginning balance	53,659	25,716
Goodwill attributable to acquisition		26,931
Adjustment to goodwill from prior year acquisition		1,099
Foreign currency translation adjustments	(3,931)	(87)
Goodwill, ending balance	49,728	53,659
Merchant Acquiring, net
Goodwill [Roll Forward]
Goodwill, beginning balance	138,121	138,121
Goodwill attributable to acquisition		0
Foreign currency translation adjustments	0	0
Goodwill, ending balance	138,121	138,121
Business Solutions
Goodwill [Roll Forward]
Goodwill, beginning balance	45,823	46,177
Goodwill attributable to acquisition		0
Foreign currency translation adjustments	0	(354)
Goodwill, ending balance	$ 45,823	$ 45,823

Goodwill - Additional Informati

Goodwill - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment losses	$ 0	$ 0	$ 0

Other Intangible Assets, Net -

Other Intangible Assets, Net - Carrying Amount of Other Intangible Assets (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 665,489	$ 637,570
Accumulated amortization	(406,220)	(357,609)
Net carrying amount	259,269	279,961
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	342,738	344,175
Accumulated amortization	(194,570)	(168,134)
Net carrying amount	$ 148,168	$ 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	$ 41,357	$ 41,594
Accumulated amortization	(28,888)	(25,241)
Net carrying amount	$ 12,469	$ 16,353
Trademark | Minimum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	2 years	10 years
Trademark | Maximum
Acquired Finite-Lived Intangible Assets [Line Items]
Useful life in years	15 years	15 years
Software packages
Acquired Finite-Lived Intangible Assets [Line Items]
Gross amount	$ 224,855	$ 195,262
Accumulated amortization	(151,666)	(136,907)
Net carrying amount	$ 73,189	$ 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	(31,096)	(27,327)
Net carrying amount	$ 25,443	$ 29,212

Other Intangible Assets, Net _2

Other Intangible Assets, Net - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Intangible Assets [Line Items]
Loss on impairment of software		$ 6,500	$ 0	$ 11,441	$ 2,277
Ongoing contractual fees accrued			5,300
Maintenance expense			1,000
Other Intangible Assets
Other Intangible Assets [Line Items]
Amortization expense			48,600	49,500	45,400
Software packages
Other Intangible Assets [Line Items]
Amortization expense			$ 14,700	$ 15,900	$ 14,300
Business Solutions
Other Intangible Assets [Line Items]
Loss on impairment of software	$ 5,000

Other Intangible Assets, Net _3

Other Intangible Assets, Net - Estimated Amortization Expenses (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
2,019	$ 47,081
2,020	41,588
2,021	36,638
2,022	33,243
2,023	$ 31,619

Other Long-Term Assets (Detail)

Other Long-Term Assets (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Schedule of Other Long Term Assets [Line Items]
Other long-term assets, related to certain software and maintenance contracts	$ 6,357	$ 3,561
Other Long-Term Assets
Schedule of Other Long Term Assets [Line Items]
Deferred debt-issuance costs	1,800	1,000
Other long-term assets, related to certain software and maintenance contracts	1,800	1,600
Lease Receivables
Schedule of Other Long Term Assets [Line Items]
Other long-term assets, related to certain software and maintenance contracts	1,100	700
Derivative Assets
Schedule of Other Long Term Assets [Line Items]
Derivative assets	$ 1,700	$ 200

Debt and Short-Term Borrowing_2

Debt and Short-Term Borrowings - Summary of Total Debt (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Nov. 26, 2018
Debt Instrument [Line Items]
Total debt	$ 538,606	$ 616,740
Credit Facility | Term A due on April 17, 2018
Debt Instrument [Line Items]
Credit facility	0	$ 26,690
Credit Facility | Term A due on April 17, 2018 | LIBOR
Debt Instrument [Line Items]
Margin interest rate		2.25%
Credit Facility | Term A due on January 17, 2020
Debt Instrument [Line Items]
Credit facility	0	$ 200,653	$ 191,400
Credit Facility | Term A due on January 17, 2020 | LIBOR
Debt Instrument [Line Items]
Margin interest rate		2.50%
Credit Facility | Term B due on April 1, 2020
Debt Instrument [Line Items]
Credit facility	0	$ 376,395	$ 379,000
Credit Facility | Term B due on April 1, 2020 | LIBOR
Debt Instrument [Line Items]
Margin interest rate		2.50%
Minimum variable rate		0.75%
Credit Facility | Term A due on November 27, 2023
Debt Instrument [Line Items]
Credit facility	$ 217,791	$ 0
Credit Facility | Term A due on November 27, 2023 | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.25%
Credit Facility | Term B due on November 27, 2024
Debt Instrument [Line Items]
Credit facility	$ 320,515	0
Credit Facility | Term B due on November 27, 2024 | LIBOR
Debt Instrument [Line Items]
Margin interest rate	3.50%
Minimum variable rate	0.00%
Credit Facility | Senior Secured Revolving Credit Facility
Debt Instrument [Line Items]
Credit facility	$ 0	$ 12,000
Credit Facility | Senior Secured Revolving Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate	2.25%	2.50%
Notes Payable
Debt Instrument [Line Items]
Note payable	$ 300	$ 1,000
Notes Payable | Note Payable due on August 31, 2019
Debt Instrument [Line Items]
Note payable	$ 0	584
Fixed interest rate	7.50%
Notes Payable | Note Payable due on April 30, 2021
Debt Instrument [Line Items]
Note payable	$ 300	$ 418

Debt and Short-Term Borrowing_3

Debt and Short-Term Borrowings - Summary of Contractual Principal Payments (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Long-term Debt, Fiscal Year Maturity [Abstract]
2,019	$ 14,386
2,020	14,386
2,021	14,295
2,022	19,750
2,023	$ 173,750

Debt and Short-Term Borrowing_4

Debt and Short-Term Borrowings - Senior Secured Credit Facilities (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2019	Dec. 31, 2018	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	May 31, 2019	Nov. 27, 2018	Nov. 26, 2018	Apr. 17, 2013
Debt Instrument [Line Items]
Loss on extinguishment of debt					$ 2,645	$ 0	$ 1,476
2018 Credit Agreement
Debt Instrument [Line Items]
Prepayment trigger, maximum value of excess cash flow times interest rate				$ 10,000
Term A due on November 27, 2023 | Credit Facility
Debt Instrument [Line Items]
Credit facility				217,791	217,791	0
Unpaid principal balance				$ 220,000	$ 220,000
Term A due on November 27, 2023 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate					2.25%
Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 220,000
Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement | LIBOR
Debt Instrument [Line Items]
Margin interest rate				2.25%
Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement | Federal Funds Effective Rate
Debt Instrument [Line Items]
Margin interest rate				0.50%
Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement | Base Rate
Debt Instrument [Line Items]
Margin interest rate				1.00%
Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement | ABR
Debt Instrument [Line Items]
Margin interest rate				1.25%
Term B due on November 27, 2024 | Credit Facility
Debt Instrument [Line Items]
Credit facility				$ 320,515	$ 320,515	0
Unpaid principal balance				$ 325,000	$ 325,000
Term B due on November 27, 2024 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate					3.50%
Term B due on November 27, 2024 | Credit Facility | 2018 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									325,000
Term B due on November 27, 2024 | Credit Facility | 2018 Credit Agreement | LIBOR
Debt Instrument [Line Items]
Margin interest rate				3.50%
Term B due on November 27, 2024 | Credit Facility | 2018 Credit Agreement | ABR
Debt Instrument [Line Items]
Margin interest rate				2.50%
Term A due on April 17, 2018 | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							250,000				$ 300,000
Credit facility				$ 0	$ 0	$ 26,690
Term A due on April 17, 2018 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate						2.25%
Term A due on April 17, 2018 | Credit Facility | Maturity Not Extended Under Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							30,000
Senior Secured Revolving Credit Facility | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							100,000
Credit facility				0	0	$ 12,000
Line of credit, remaining borrowing capacity				97,900	$ 97,900
Senior Secured Revolving Credit Facility | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate					2.25%	2.50%
Senior Secured Revolving Credit Facility | Credit Facility | Extended Maturity of Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							65,000
Senior Secured Revolving Credit Facility | Credit Facility | Maturity Not Extended Under Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							35,000
Term B Loan due April 17, 2018 | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity											400,000
Senior Secured Credit Facility, Revolving Credit Facility, Old Credit Facility | Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity											$ 100,000
Senior Secured Credit Facility, Revolving Credit Facility, Old Credit Facility | Credit Facility | 2018 Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity									$ 125,000
Term A due on January 17, 2020 | Credit Facility
Debt Instrument [Line Items]
Credit facility				0	$ 0	$ 200,653				$ 191,400
Term A due on January 17, 2020 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate						2.50%
Term A due on January 17, 2020 | Credit Facility | Extended Maturity of Senior Secured Credit Facility
Debt Instrument [Line Items]
Line of credit facility, maximum borrowing capacity							$ 219,000
Term B due on April 1, 2020 | Credit Facility
Debt Instrument [Line Items]
Credit facility				$ 0	$ 0	$ 376,395				$ 379,000
Term B due on April 1, 2020 | Credit Facility | LIBOR
Debt Instrument [Line Items]
Margin interest rate						2.50%
Forecast | 2018 Credit Agreement
Debt Instrument [Line Items]
Prepayment premium								1.00%
Forecast | Term A due on November 27, 2023 | Credit Facility | 2018 Credit Agreement
Debt Instrument [Line Items]
Quarterly amortization, rate	2.50%	1.875%	1.25%
Forecast | Term B due on November 27, 2024 | Credit Facility | 2018 Credit Agreement
Debt Instrument [Line Items]
Quarterly amortization, annualized rate			1.00%

Debt and Short-Term Borrowing_5

Debt and Short-Term Borrowings - Notes Payable (Details) - Notes Payable - USD ($) $ in Millions	Dec. 31, 2018	Dec. 31, 2017	Oct. 31, 2016	May 31, 2016
Debt Instrument [Line Items]
Non interest bearing financing agreement amount			$ 1.1	$ 0.7
Notes payable	$ 0.3	$ 1

Debt and Short-Term Borrowing_6

Debt and Short-Term Borrowings - Interest Rate Swaps (Details) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Derivative [Line Items]
Reclassified losses from accumulated other comprehensive income loss	$ 104,000
Other long-term assets	1,683,000	$ 214,000
Other long-term liabilities	4,059,000	$ 0
Reclassification from accumulated comprehensive loss over the next 12 months	1,000,000
2015 Interest Rate Swap Agreement
Derivative [Line Items]
Notional Amount	200,000,000
2018 Interest Rate Swap Agreement
Derivative [Line Items]
Notional Amount	$ 250,000,000
1-month LIBOR | 2015 Interest Rate Swap Agreement
Derivative [Line Items]
Fixed Rate	1.9225%
1-month LIBOR | 2018 Interest Rate Swap Agreement
Derivative [Line Items]
Fixed Rate	2.89%

Financial Instruments and Fai_3

Financial Instruments and Fair Value Measurements - Fair Value Measurements for Assets and Liabilities at Fair Value on Recurring Basis (Detail) - Fair Value, Measurements, Recurring - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Financial assets
Interest rate swap	$ 1,683	$ 214
Financial liabilities
Interest rate swap	4,059
Level 1
Financial assets
Interest rate swap	0	0
Financial liabilities
Interest rate swap	0
Level 2
Financial assets
Interest rate swap	1,683	214
Financial liabilities
Interest rate swap	4,059
Level 3
Financial assets
Interest rate swap	0	$ 0
Financial liabilities
Interest rate swap	$ 0

Financial Instruments and Fai_4

Financial Instruments and Fair Value Measurements - Carrying Value and Estimated Fair Values for Financial Instruments (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Carrying Amount
Financial assets
Interest rate swap	$ 1,683	$ 214
Financial liabilities
Interest rate swap	4,059	0
Carrying Amount | Credit Facility | Senior Secured Term B Loan
Financial liabilities
Senior secured term loan	0	376,395
Carrying Amount | Credit Facility | 2018 Term A Loan
Financial liabilities
Senior secured term loan	0	26,690
Carrying Amount | Credit Facility | 2020 Term A Loan
Financial liabilities
Senior secured term loan	0	200,653
Carrying Amount | Credit Facility | 2023 Term A
Financial liabilities
Senior secured term loan	217,791	0
Carrying Amount | Credit Facility | 2024 Term B
Financial liabilities
Senior secured term loan	320,515	0
Fair Value
Financial assets
Interest rate swap	1,683	214
Financial liabilities
Interest rate swap	4,059	0
Fair Value | Credit Facility | Senior Secured Term B Loan
Financial liabilities
Senior secured term loan	0	370,540
Fair Value | Credit Facility | 2018 Term A Loan
Financial liabilities
Senior secured term loan	0	26,027
Fair Value | Credit Facility | 2020 Term A Loan
Financial liabilities
Senior secured term loan	0	196,584
Fair Value | Credit Facility | 2023 Term A
Financial liabilities
Senior secured term loan	218,625	0
Fair Value | Credit Facility | 2024 Term B
Financial liabilities
Senior secured term loan	$ 319,517	$ 0

Financial Instruments and Fai_5

Financial Instruments and Fair Value Measurements - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Transfer in or out of Level 3 assets	$ 0	$ 0	$ 0

Other Long Term Liabilities (De

Other Long Term Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Other Long Term Liabilities [Line Items]
Derivative liability	$ 4,059	$ 0
Other Noncurrent Liabilities
Other Long Term Liabilities [Line Items]
Unrecognized tax benefit liabilities and long term notes payables	10,500	$ 13,000
Derivative liability	$ 4,059

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Dividends Payable [Line Items]
Common stock, authorized (in shares)	206,000,000	206,000,000
Common stock, par value (in usd per share)	$ 0.01
Common stock, outstanding (in shares)	72,378,710	72,393,933
Preferred stock, authorized (in shares)	2,000,000	2,000,000
Preferred stock, par value (in usd per share)	$ 0.01	$ 0.01
Preferred stock, issued (in shares)	0	0
Shares repurchased (in shares)	400,000	500,000	2,500,000
Repurchase of common stock	$ 10,000	$ 7,671	$ 39,946
Fourth Quarter Dividend
Dividends Payable [Line Items]
Dividend per share (in usd per share)	$ 0.05

Equity - Summary of Dividend Ac

Equity - Summary of Dividend Activity (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
First Quarter Dividend
Dividends Payable [Line Items]
Declaration Date		Feb. 17, 2017
Record Date		Mar. 1, 2017
Payment Date		Mar. 20, 2017
Dividend per share (in usd per share)		$ 0.10
Second Quarter Dividend
Dividends Payable [Line Items]
Declaration Date		Apr. 27, 2017
Record Date		May 8, 2017
Payment Date		Jun. 9, 2017
Dividend per share (in usd per share)		$ 0.10
Third Quarter Dividend
Dividends Payable [Line Items]
Declaration Date	Jul. 26, 2018	Jul. 25, 2017
Record Date	Aug. 6, 2018	Aug. 7, 2017
Payment Date	Sep. 7, 2018	Sep. 8, 2017
Dividend per share (in usd per share)	$ 0.05	$ 0.10
Fourth Quarter Dividend
Dividends Payable [Line Items]
Declaration Date	Oct. 25, 2018
Record Date	Nov. 5, 2018
Payment Date	Dec. 7, 2018
Dividend per share (in usd per share)	$ 0.05

Equity - Summary of Changes in

Equity - Summary of Changes in Balances Comprising Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	$ 147,976	$ 108,175
Other comprehensive (loss) income before reclassifications	(12,837)	(55)
Amount reclassified to Net Income	(104)	1,598
Ending balance	215,606	147,976
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(11,062)	(10,427)
Other comprehensive (loss) income before reclassifications	(10,564)	(635)
Amount reclassified to Net Income	0	0
Ending balance	(21,626)	(11,062)
Cash Flow Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	214	(1,964)
Other comprehensive (loss) income before reclassifications	(2,273)	580
Amount reclassified to Net Income	(104)	1,598
Ending balance	(2,163)	214
AOCI Attributable to Parent
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(10,848)	(12,391)
Ending balance	$ (23,789)	$ (10,848)

Share-based Compensation - Addi

Share-based Compensation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	9 Months Ended	12 Months Ended
	Dec. 31, 2017	Sep. 30, 2018	Dec. 31, 2018
Restricted Stock Units
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum unrecognized cost for stock options			$ 15.8
Unrecognized compensation cost, weighted average period of recognition			1 year 9 months 4 days
Time-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			3 years
2015 LTIP | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		1 year
2016 LTIP | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Requisite service period		2 years
2017 LTIP | Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period		3 years
Requisite service period		2 years
Performance adjustment percent		25.00%
Performance measurement period		1 year
Tranche One | Time-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	40.00%
Tranche Two | Time-Based Awards
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting percentage	60.00%

Share-based Compensation - Nonv

Share-based Compensation - Nonvested Restricted Shares and RSUs Activity (Detail) - Restricted shares and RSUs - $ / shares	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Shares
Beginning balance (in shares)	2,340,892	1,212,364	491,726
Granted (in shares)	636,322	1,584,241	907,320
Vested (in shares)	(468,064)	(315,953)	(154,820)
Forfeited (in shares)	(472,987)	(139,760)	(31,862)
Ending balance (in shares)	2,036,163	2,340,892	1,212,364
Weighted-average grant date fair value
Beginning balance (in usd per share)	$ 15.08	$ 14.88	$ 22.32
Granted (in usd per share)	17.07	15.37	12.02
Vested (in usd per share)	18.41	15.30	20.97
Forfeited (in usd per share)	16.55	16.06	18.61
Ending balance (in usd per share)	$ 15.09	$ 15.08	$ 14.88

Share-based Compensation - Shar

Share-based Compensation - Share-based Compensation Recognized (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Stock options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation recognized, net	$ 0	$ 6	$ 60
Restricted shares and RSUs
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation recognized, net	$ 12,592	$ 9,636	$ 6,355

Employee Benefit Plan (Detail)

Employee Benefit Plan (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Defined contribution saving plan, vesting period	5 years
Defined contribution saving plan cost	$ 0.8	$ 0.7	$ 0.7

Total Other Income, net (Detail

Total Other Income, net (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Other Income and Expenses [Abstract]
Other income (expenses), foreign currency transaction gain	$ 2,700	$ 2,600	$ 1,900
Gain on federal relief funds received	1,800
Loss on extinguishment of debt	$ 2,645	$ 0	$ 1,476

Income Tax - Components of Inco

Income Tax - Components of Income Tax (Benefit) Expense (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current tax provision	$ 17,207	$ 9,086	$ 12,865
Deferred tax benefit	(4,611)	(4,306)	(4,594)
Income tax expense	$ 12,596	$ 4,780	$ 8,271

Income Tax - Segregation of Inc

Income Tax - Segregation of Income Tax Expense (Benefit) Based on Location of Operations (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income before income tax provision
Income before income tax provision	$ 99,165	$ 60,199	$ 83,397
Current tax provision
Current tax provision (benefit), Puerto Rico	6,841	1,892	7,072
Current tax provision (benefit), United States	599	292	567
Current tax provision (benefit), Foreign countries	9,767	6,902	5,226
Total current tax provision	17,207	9,086	12,865
Deferred tax benefit
Deferred tax benefit, Puerto Rico	(2,904)	(3,176)	(2,874)
Deferred tax benefit, United States	(584)	(184)	(259)
Deferred tax benefit, Foreign countries	(1,123)	(946)	(1,461)
Total deferred tax benefit	(4,611)	(4,306)	(4,594)
Puerto Rico
Income before income tax provision
Income before income tax provision	77,176	47,347	70,899
United States
Income before income tax provision
Income before income tax provision	3,199	3,089	2,670
Foreign countries
Income before income tax provision
Income before income tax provision	$ 18,790	$ 9,763	$ 9,828

Income Tax - Additional Informa

Income Tax - Additional Information (Detail) $ in Thousands	Jan. 01, 2019	Dec. 10, 2018	Dec. 01, 2013	Oct. 19, 2012USD ($)employee	Oct. 11, 2011	Dec. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Income Tax Examination [Line Items]
Unremitted earnings for foreign subsidiaries						$ 47,800
Preferential tax rate			4.00%		7.00%	4.00%
Commitments to maintain tax exemption grant, minimum number of employees to be maintained, second period | employee				700
Commitments to maintain tax exemption grant, investments				$ 200,000
Commitments to maintain tax exemption grant, investment increment over four year cycle				$ 50,000
NOL carryforwards available to offset future taxable income						$ 100
Unrecognized tax benefits						9,238	$ 9,148	$ 12,219	$ 12,847
Unrecognized tax benefits (expense)						(400)	800	$ (700)
Income tax benefit (expense)						$ 1,600	$ 1,200
Department of Treasury of Puerto Rico
Income Tax Examination [Line Items]
Corporate tax rate		39.00%
Income Tax
Income Tax Examination [Line Items]
Tax exemption period				15 years
Municipal Taxes
Income Tax Examination [Line Items]
Tax exemption period				15 years
Puerto Rico
Income Tax Examination [Line Items]
Commitments to maintain tax exemption grant, percentage of resident employees				80.00%
Subsequent Event | Department of Treasury of Puerto Rico
Income Tax Examination [Line Items]
Corporate tax rate	37.50%

Income Tax - Components of Defe

Income Tax - Components of Deferred Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets
Allowance for doubtful accounts	$ 170	$ 195
Unearned income	4,394	3,136
Investment in equity subsidiary	220	447
Alternative minimum tax	0	51
Share-based compensation	1,684	1,208
Debt issuance costs	309	69
Accrued liabilities	1,257	505
Derivative liability	351	0
Accrual of contract maintenance cost	157	472
Impairment of asset	289	425
Other	1,976	1,754
Total gross deferred tax assets	10,807	8,262
Deferred tax liabilities
Capitalized salaries	1,756	1,617
Derivative asset	185	0
Difference between the assigned values and the tax basis of assets and liabilities recognized in a business combination	16,240	19,124
Other	659	353
Total gross deferred tax liabilities	18,840	21,094
Deferred tax liability, net	$ (8,033)	$ (12,832)

Income Tax - Reconciliation of

Income Tax - Reconciliation of Total Amounts of Unrecognized Tax Benefits (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Balance, beginning of year	$ 9,148	$ 12,219	$ 12,847
Gross increases—tax positions in prior period	578	0	0
Gross decreases—tax positions in prior period	(488)	0	(345)
Lapse of statute of limitations	0	(3,071)	(283)
Balance, end of year	$ 9,238	$ 9,148	$ 12,219

Income Tax - Income Tax Expense

Income Tax - Income Tax Expense Differs from Computed Income Tax at Statutory Rates (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Computed income tax at statutory rates	$ 38,674	$ 23,477	$ 32,525
Benefit of net tax-exempt interest income	(50)	(56)	(52)
Differences in tax rates due to multiple jurisdictions	(678)	2,353	32
Tax expense (benefit) due to a change in estimate	467	(334)	258
Effect of income subject to tax-exemption grant	(26,260)	(16,832)	(24,866)
Unrecognized tax expense (benefit)	443	(3,828)	373
Other	0	0	1
Income tax expense	$ 12,596	$ 4,780	$ 8,271

Net Income Per Common Share (De

Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Earnings Per Share [Abstract]
Net income	$ 86,270	$ 55,054	$ 75,036
Less: non-forfeitable dividends on restricted stock	4	10	12
Net income available to common shareholders	$ 86,266	$ 55,044	$ 75,024
Weighted average common shares outstanding (in shares)	72,607,321	72,479,807	74,132,863
Weighted average potential dilutive common shares (in shares)	1,812,789	392,381	340,506
Weighted average common shares outstanding-assuming dilution (in shares)	74,420,110	72,872,188	74,473,369
Net income per common share - basic (in usd per share)	$ 1.19	$ 0.76	$ 1.01
Net income per common share - diluted (in usd per share)	$ 1.16	$ 0.76	$ 1.01

Related Party Transactions - Tr

Related Party Transactions - Transactions with Related Parties (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Total revenues	$ 188,060	$ 177,213	$ 176,473
Cost of revenues	3,422	2,929	2,180
Rent and other fees	8,046	7,803	8,110
Interest earned from an affiliate
Interest income	147	154	211
Earnings (losses) of equity method investment	692	604	(52)
Popular
Interest earned from an affiliate
Earnings (losses) of equity method investment	$ 1,300	$ 1,800	$ 2,100
Popular | Customer Concentration Risk | Total Revenue
Interest earned from an affiliate
Total percentage of revenues from Popular	41.00%	43.00%	45.00%

Related Party Transactions - Su

Related Party Transactions - Summary of Balances of Transactions with Related Parties (Detail) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
Related Party Transactions [Abstract]
Cash and restricted cash deposits in affiliated bank	$ 29,136	$ 23,227
Other due to/from affiliate
Accounts receivable	25,714	18,073
Prepaid expenses and other assets	2,796	1,216
Other long-term assets	166	288
Accounts payable	6,344	5,827
Unearned income	$ 25,401	$ 19,768

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2018
Popular
Related Party Transaction [Line Items]
Service contract period	15 years

Commitments and Contingencies -

Commitments and Contingencies - Future Minimum Rental Payments on Operating Leases (Detail) $ in Thousands	Dec. 31, 2018USD ($)
Operating Leased Assets [Line Items]
2,019	$ 6,924
2,020	1,539
2,021	0
2,022	0
2,023	0
Future minimum rental payments	8,463
Unrelated parties
Operating Leased Assets [Line Items]
2,019	395
2,020	36
2,021	0
2,022	0
2,023	0
Future minimum rental payments	431
Related party
Operating Leased Assets [Line Items]
2,019	6,529
2,020	1,503
2,021	0
2,022	0
2,023	0
Future minimum rental payments	$ 8,032

Commitments and Contingencies_2

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Rent expense of office facilities and real estate	$ 9.2	$ 8.3	$ 8.2
Rent expense for telecommunications and other equipment	$ 6.6	$ 6	$ 6.2

Segment Information - Additiona

Segment Information - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2018USD ($)segment	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Segment Reporting Information [Line Items]
Number of operating business segments | segment	4
Revenues	$ 453,869	$ 407,144	$ 389,507
Major Customer | Total Revenue
Segment Reporting Information [Line Items]
Revenues	$ 186,800	$ 175,400	$ 174,400
Major Customer | Total Revenue | Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of total revenue from major customer	41.00%	43.00%	45.00%
Puerto Rico | Total Revenue | Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of total revenue from major customer	7.00%	7.00%	7.00%

Segment Information - Informati

Segment Information - Information about Operations by Business Segments (Detail) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2011
Segment Reporting Information [Line Items]
Revenues	$ 453,869	$ 407,144	$ 389,507
Equity interest in CONTADO acquisition				19.99%
Operating costs and expenses	328,741	321,061	282,362
Depreciation and amortization	63,067	64,250	59,567
Non-operating income (expenses)	3,294	3,261	492
EBITDA	191,489	153,594	167,204
Compensation and benefits	13,659	9,755	10,482
Transaction, refinancing, exit activity and other fees	7,311	14,679	9,989
Adjusted EBITDA	$ 212,459	$ 178,028	$ 187,675
Consorcio de Tarjetas Dominicanas S.A.
Segment Reporting Information [Line Items]
Equity interest in CONTADO acquisition	19.99%	19.99%	19.99%
Operating Segments | Payment Services - Puerto Rico & Caribbean
Segment Reporting Information [Line Items]
Revenues	$ 114,119	$ 101,687	$ 99,680
Operating costs and expenses	52,006	57,463	49,128
Depreciation and amortization	9,734	8,993	7,597
Non-operating income (expenses)	2,420	2,229	2,238
EBITDA	74,267	55,446	60,387
Compensation and benefits	1,087	589	637
Transaction, refinancing, exit activity and other fees	(250)	2,499	2,062
Adjusted EBITDA	75,104	58,534	63,086
Operating Segments | Payment Services - Latin America
Segment Reporting Information [Line Items]
Revenues	80,899	62,702	47,162
Operating costs and expenses	75,240	66,786	45,304
Depreciation and amortization	9,284	8,880	7,285
Non-operating income (expenses)	11,750	8,726	5,584
EBITDA	26,693	13,522	14,727
Compensation and benefits	1,034	816	627
Transaction, refinancing, exit activity and other fees	0	3,220	0
Adjusted EBITDA	27,727	17,558	15,354
Operating Segments | Merchant Acquiring, net
Segment Reporting Information [Line Items]
Revenues	99,655	85,778	91,248
Operating costs and expenses	55,778	57,574	52,771
Depreciation and amortization	1,698	2,254	2,672
Non-operating income (expenses)	3	1	0
EBITDA	45,578	30,459	41,149
Compensation and benefits	938	573	480
Transaction, refinancing, exit activity and other fees	0	6,465	0
Adjusted EBITDA	46,516	37,497	41,629
Operating Segments | Business Solutions
Segment Reporting Information [Line Items]
Revenues	197,602	189,077	184,276
Operating costs and expenses	126,232	119,761	113,082
Depreciation and amortization	13,878	15,774	13,783
Non-operating income (expenses)	477	13	24
EBITDA	85,725	85,103	85,001
Compensation and benefits	2,088	1,687	1,961
Transaction, refinancing, exit activity and other fees	0	0	2,277
Adjusted EBITDA	87,813	86,790	89,239
Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(38,406)	(32,100)	(32,859)
Operating costs and expenses	19,485	19,477	22,077
Depreciation and amortization	28,473	28,349	28,230
Non-operating income (expenses)	(11,356)	(7,708)	(7,354)
EBITDA	(40,774)	(30,936)	(34,060)
Compensation and benefits	8,512	6,090	6,777
Transaction, refinancing, exit activity and other fees	7,561	2,495	5,650
Adjusted EBITDA	(24,701)	$ (22,351)	$ (21,633)
Processing Fee | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	(36,100)
Software Sale and Developments | Corporate and Other
Segment Reporting Information [Line Items]
Revenues	$ 2,300

Segment Information - Reconcili

Segment Information - Reconciliation of EBITDA to Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting [Abstract]
EBITDA	$ 191,489	$ 153,594	$ 167,204
Less
Income tax expense	12,596	4,780	8,271
Interest expense, net	29,257	29,145	24,240
Depreciation and amortization	63,067	64,250	59,567
Net income	$ 86,569	$ 55,419	$ 75,126

Segment Information - Segment I

Segment Information - Segment Information by Geographic Location (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 453,869	$ 407,144	$ 389,507
Puerto Rico
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	358,436	329,533	326,073
Caribbean
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	15,672	14,909	16,272
Latin America
Segment Reporting, Revenue Reconciling Item [Line Items]
Revenues	$ 79,761	$ 62,702	$ 47,162

Subsequent Events Subsequent Ev

Subsequent Events Subsequent Events (Details) - $ / shares	Feb. 14, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Subsequent Event [Line Items]
Cash dividends declared per share (in usd per share)		$ 0.10	$ 0.30	$ 0.40
Subsequent Event
Subsequent Event [Line Items]
Cash dividends declared per share (in usd per share)	$ 0.05

Condensed Financial Statement_2

Condensed Financial Statements Parent Company Only - Condensed Balance Sheet (Details) - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 69,973	$ 50,423	$ 51,920
Accounts receivable, net	100,323	83,328
Prepaid expenses and other assets	29,124	25,011
Total current assets	216,193	168,706
Investment in subsidiaries, at equity	12,149	13,073
Total assets	927,292	902,788
Current Liabilities:
Accrued liabilities	57,006	38,451
Accounts payable	47,272	41,135
Income tax payable	6,650	1,406
Total current liabilities	136,705	147,216
Deferred tax liability, net	9,950	13,820
Other long-term liabilities	14,900	13,039
Total liabilities	711,686	754,812
Stockholders’ equity:
Common stock	723	723
Additional paid-in capital	5,783	5,350
Accumulated earnings	228,742	148,887
Total EVERTEC, Inc. stockholders’ equity	211,459	144,112
Total liabilities and equity	927,292	902,788
EVERTEC
Current Assets:
Cash and cash equivalents	1,678	1,679
Accounts receivable, net	2,068	0
Prepaid expenses and other assets	41	24
Prepaid income tax	0	1,594
Total current assets	3,787	3,297
Investment in subsidiaries, at equity	221,515	155,666
Total assets	225,302	158,963
Current Liabilities:
Accrued liabilities	226	224
Accounts payable	0	359
Income tax payable	1,660	0
Total current liabilities	1,886	583
Deferred tax liability, net	5,665	8,660
Other long-term liabilities	6,292	5,608
Total liabilities	13,843	14,851
Stockholders’ equity:
Common stock	723	723
Additional paid-in capital	5,783	5,350
Accumulated earnings	228,742	148,887
Accumulated other comprehensive loss, net of tax	(23,789)	(10,848)
Total EVERTEC, Inc. stockholders’ equity	211,459	144,112
Total liabilities and equity	$ 225,302	$ 158,963

Condensed Financial Statement_3

Condensed Financial Statements Parent Company Only - Condensed Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Non-operating income (expenses)
Equity in earnings of subsidiaries	$ 692	$ 604	$ (52)
Interest income	787	716	377
Other income, net	2,602	2,657	544
Income before income taxes	99,165	60,199	83,397
Income tax benefit	12,596	4,780	8,271
Net income attributable to EVERTEC, Inc.’s common stockholders	86,270	55,054	75,036
Other comprehensive income (loss), net of tax
(Loss) gain on cash flow hedges	(2,377)	2,178	(1,449)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders	73,329	56,597	70,227
EVERTEC
Non-operating income (expenses)
Equity in earnings of subsidiaries	84,866	49,162	75,373
Interest income	380	301	244
Other income, net	(1,396)	(1,428)	(1,351)
Income before income taxes	83,850	48,035	74,266
Income tax benefit	(2,420)	(7,019)	(770)
Net income attributable to EVERTEC, Inc.’s common stockholders	86,270	55,054	75,036
Other comprehensive income (loss), net of tax
Foreign currency translation adjustments	(10,564)	(635)	(3,360)
(Loss) gain on cash flow hedges	(2,377)	2,178	(1,449)
Total comprehensive income attributable to EVERTEC, Inc.’s common stockholders	$ 73,329	$ 56,597	$ 70,227

Condensed Financial Statement_4

Condensed Financial Statements Parent Company Only - Condensed Statements of Cash Flows (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
Condensed Financial Statements, Captions [Line Items]
Cash flows from operating activities	$ 172,734	$ 145,786	$ 168,054
Cash flows from financing activities
Dividends paid	(7,273)	(21,762)	(29,696)
Repurchase of common stock	(10,000)	(7,671)	(39,946)
Withholding taxes paid on share-based compensation	(2,159)	(1,588)	(548)
Net cash used in financing activities	(105,055)	(69,183)	(90,798)
Net increase in cash, cash equivalents and restricted cash	26,379	335	19,468
Cash, cash equivalents and restricted cash at beginning of the period	60,367	60,032	40,564
Cash, cash equivalents and restricted cash at end of the period	86,746	60,367	60,032
EVERTEC
Condensed Financial Statements, Captions [Line Items]
Cash flows from operating activities	19,431	29,422	71,795
Cash flows from financing activities
Dividends paid	(7,273)	(21,762)	(29,696)
Repurchase of common stock	(10,000)	(7,671)	(39,946)
Withholding taxes paid on share-based compensation	(2,159)	(1,588)	(548)
Net cash used in financing activities	(19,432)	(31,021)	(70,190)
Net increase in cash, cash equivalents and restricted cash	(1)	(1,599)	1,605
Cash, cash equivalents and restricted cash at beginning of the period	1,679	3,278	1,673
Cash, cash equivalents and restricted cash at end of the period	$ 1,678	$ 1,679	$ 3,278

Uncategorized Items - evtc-2018

Label	Element	Value
Accounting Standards Update 2014-09 [Member] | Noncontrolling Interest [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	us-gaap_CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption	$ (16,000)