CPI Card (PMTS) 10-Q 3 Nov 20 2020 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2020	Oct. 22, 2020
Cover Abstract
Entity Registrant Name	CPI Card Group Inc.
Entity Central Index Key	0001641614
Document Type	10-Q
Document Period End Date	Sep. 30, 2020
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Interactive Data Current	Yes
Entity Current Reporting Status	Yes
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	PMTS
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		11,230,482
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q3

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 50,349	$ 18,682
Accounts receivable, net of allowances of $291 and $395, respectively	59,093	42,832
Inventories	20,166	20,192
Prepaid expenses and other current assets	4,267	6,345
Income taxes receivable	7,795	4,164
Total current assets	141,670	92,215
Plant, equipment, leasehold improvements and operating lease right-of-use assets, net	35,473	41,612
Intangible assets, net	27,355	30,802
Goodwill	47,150	47,150
Other assets	2,040	1,232
Total assets	253,688	213,011
Current liabilities:
Accounts payable	17,223	16,482
Accrued expenses	29,527	24,735
Deferred revenue and customer deposits	885	468
Total current liabilities	47,635	41,685
Long-term debt	335,759	307,778
Deferred income taxes	6,656	6,366
Other long-term liabilities	9,012	11,478
Total liabilities	399,062	367,307
Commitments and contingencies (Note 15)
Series A Preferred Stock; $0.001 par value—100,000 shares authorized; 0 shares issued and outstanding at September 30, 2020 and December 31, 2019
Stockholders’ deficit:
Common stock; $0.001 par value—100,000,000 shares authorized; 11,230,482 and 11,224,191 shares issued and outstanding at September 30, 2020 and December 31, 2019, respectively	11	11
Capital deficiency	(111,910)	(111,988)
Accumulated loss	(33,475)	(42,319)
Total stockholders’ deficit	(145,374)	(154,296)
Total liabilities and stockholders’ deficit	$ 253,688	$ 213,011

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Condensed Consolidated Balance Sheets
Allowance on accounts receivable	$ 291	$ 395
Preferred shares, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred shares, authorized shares (in shares)	100,000	100,000
Preferred shares, issued shares (in shares)	0	0
Preferred shares, outstanding shares (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0.001	$ 0.001
Common shares, authorized shares (in shares)	100,000,000	100,000,000
Common shares, issued shares (in shares)	11,230,482	11,224,191
Common shares, outstanding shares (in shares)	11,230,482	11,224,191

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Net sales:
Net Sales	$ 82,702	$ 71,681	$ 228,049	$ 205,448
Cost of sales:
Depreciation and amortization	2,472	2,813	7,938	8,403
Total cost of sales	52,095	46,324	148,704	136,314
Gross profit	30,607	25,357	79,345	69,134
Operating expenses, net:
Selling, general and administrative (exclusive of depreciation and amortization shown below)	15,617	16,104	48,893	49,541
Depreciation and amortization	1,508	1,513	4,498	4,539
Litigation settlement gain				(6,000)
Total operating expenses, net	17,125	17,617	53,391	48,080
Income from operations	13,482	7,740	25,954	21,054
Other expense, net:
Interest, net	(6,298)	(6,085)	(19,158)	(18,847)
Foreign currency gain (loss)	23	(40)	(10)	(1,320)
Other income (expense), net	4	14	(90)	25
Total other expense, net	(6,271)	(6,111)	(19,258)	(20,142)
Income from continuing operations before income taxes	7,211	1,629	6,696	912
Income tax (expense) benefit	(1,402)	(2,258)	2,178	(3,618)
Net income (loss) from continuing operations	5,809	(629)	8,874	(2,706)
Net (loss) income from discontinued operation, net of tax (Note 3)		(28)	(30)	(16)
Net income (loss)	$ 5,809	$ (657)	$ 8,844	$ (2,722)
Basic and Diluted net income (loss) per share from continuing operations (in dollar per share)	$ 0.52	$ (0.06)	$ 0.79	$ (0.24)
Basic and Diluted net income (loss) per share (in dollars per share)	$ 0.52	$ (0.06)	$ 0.79	$ (0.24)
Basic weighted-average shares outstanding (in shares)	11,230,028	11,223,715	11,228,116	11,187,550
Diluted weighted-average shares outstanding (in shares)	11,231,821	11,223,715	11,235,098	11,187,550
Comprehensive income (loss):
Net income (loss)	$ 5,809	$ (657)	$ 8,844	$ (2,722)
Currency translation adjustment				31
Reclassification adjustment to foreign currency loss				1,329
Total comprehensive income (loss)	5,809	(657)	8,844	(1,362)
Products
Net sales:
Net Sales	43,462	33,963	125,040	99,845
Cost of sales:
Products and Services (exclusive of depreciation and amortization shown below)	27,490	22,182	79,780	65,769
Services
Net sales:
Net Sales	39,240	37,718	103,009	105,603
Cost of sales:
Products and Services (exclusive of depreciation and amortization shown below)	$ 22,133	$ 21,329	$ 60,986	$ 62,142

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Common Stock	Capital deficiency	Accumulated earnings (loss)	Accumulated other comprehensive loss	Total
Beginning balance at Dec. 31, 2018	$ 11	$ (112,223)	$ (37,202)	$ (1,360)	$ (150,774)
Beginning balance (in shares) at Dec. 31, 2018	11,160,377
Shares issued under stock-based compensation plans (in shares)	63,814
Stock-based compensation		293			293
Components of comprehensive (loss) income:
Net income (loss)			(2,722)		(2,722)
Reclassification adjustment to foreign currency loss				1,329	1,329
Currency translation adjustment				$ 31	31
Ending balance at Sep. 30, 2019	$ 11	(111,930)	(39,924)		(151,843)
Ending balance (in shares) at Sep. 30, 2019	11,224,191
Beginning balance at Jun. 30, 2019	$ 11	(111,939)	(39,267)		(151,195)
Beginning balance (in shares) at Jun. 30, 2019	11,223,528
Shares issued under stock-based compensation plans (in shares)	663
Stock-based compensation		9			9
Components of comprehensive (loss) income:
Net income (loss)			(657)		(657)
Ending balance at Sep. 30, 2019	$ 11	(111,930)	(39,924)		(151,843)
Ending balance (in shares) at Sep. 30, 2019	11,224,191
Beginning balance at Dec. 31, 2019	$ 11	(111,988)	(42,319)		$ (154,296)
Beginning balance (in shares) at Dec. 31, 2019	11,224,191				11,224,191
Shares issued under stock-based compensation plans (in shares)	6,291
Stock-based compensation		78			$ 78
Components of comprehensive (loss) income:
Net income (loss)			8,844		8,844
Ending balance at Sep. 30, 2020	$ 11	(111,910)	(33,475)		$ (145,374)
Ending balance (in shares) at Sep. 30, 2020	11,230,482				11,230,482
Beginning balance at Jun. 30, 2020	$ 11	(111,935)	(39,284)		$ (151,208)
Beginning balance (in shares) at Jun. 30, 2020	11,229,819
Shares issued under stock-based compensation plans (in shares)	663
Stock-based compensation		25			25
Components of comprehensive (loss) income:
Net income (loss)			5,809		5,809
Ending balance at Sep. 30, 2020	$ 11	$ (111,910)	$ (33,475)		$ (145,374)
Ending balance (in shares) at Sep. 30, 2020	11,230,482				11,230,482

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Operating activities
Net income (loss)	$ 8,844	$ (2,722)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Loss from discontinued operation	30	16
Depreciation and amortization expense	12,436	12,942
Stock-based compensation expense	84	316
Amortization of debt issuance costs and debt discount	2,503	1,469
Deferred income taxes	290	2,531
Reclassification adjustment to foreign currency loss		1,329
Other, net	1,345	(6)
Changes in operating assets and liabilities:
Accounts receivable	(16,165)	(2,605)
Inventories	(1,109)	(12,279)
Prepaid expenses and other assets	49	1,659
Income taxes receivable, net	(3,630)	331
Accounts payable	921	(358)
Accrued expenses	4,112	(5,167)
Deferred revenue and customer deposits	417	(472)
Other liabilities	81	17
Cash provided by (used in) operating activities - continuing operations	10,208	(2,999)
Cash used in operating activities - discontinued operation	(30)	(16)
Investing activities
Acquisitions of plant, equipment and leasehold improvements	(3,320)	(3,298)
Cash received from sale of Canadian subsidiary		1,451
Cash used in investing activities	(3,320)	(1,847)
Financing activities
Proceeds from Senior Credit Facility, net of discount	29,100
Debt issuance costs	(2,507)
Proceeds from Revolving Credit Facility		11,500
Payments on Revolving Credit Facility		(11,500)
Payments on finance lease obligations	(1,782)	(1,175)
Cash provided by (used in) financing activities	24,811	(1,175)
Effect of exchange rates on cash	(2)	36
Net increase (decrease) in cash and cash equivalents	31,667	(6,001)
Cash and cash equivalents, beginning of period	18,682	20,291
Cash and cash equivalents, end of period	50,349	14,290
Supplemental disclosures of cash flow information
Cash paid during the period for: Interest	17,454	17,315
Cash paid during the period for: Income taxes	946	675
Right-of-use assets obtained in exchange for lease obligations- Operating leases	141	8,533
Right-of-use assets obtained in exchange for lease obligations- Financing leases	1,618	5,196
Accounts payable, and accrued expenses for acquisitions of plant, equipment and leasehold improvements	$ 127	$ 159

Business Overview and Summary o

Business Overview and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2020
Business Overview and Summary of Significant Accounting Policies
Business Overview and Summary of Significant Accounting Policies	1. Business Overview and Summary of Significant Accounting Policies Business Overview CPI Card Group Inc., (which, together with its subsidiary companies, is referred to herein as “CPI” or the “Company,”) is a payment technology company and leading provider of comprehensive Financial Payment Card solutions in the United States. The Company defines “Financial Payment Cards” as credit, debit and Prepaid Debit Cards issued on the networks of the “Payment Card Brands” (Visa, Mastercard ® , American Express ® and Discover ® in the United States and Interac, in Canada). The Company defines “Prepaid Debit Cards” as debit cards issued on the networks of the Payment Card Brands, but not linked to a traditional bank account. The Company also offers an instant card issuance solution, which provide card issuing bank customers the ability to issue a personalized debit or credit card within the bank branch to individual cardholders. As a producer and provider of services for Financial Payment Cards, each of the Company’s secure facilities must be compliant and registered with one or more of the Payment Card Brands and is therefore subject to specific requirements and conditions. Noncompliance with these requirements would prohibit the individual facilities of the Company from producing Financial Payment Cards for these entities’ payment card issuers. In the fourth quarter of 2018, the Company entered into a definitive agreement to sell the Company’s Canadian subsidiary to Allcard Limited, a provider of card solutions to the gift and loyalty sectors. The sale did not include the portions of the business relating to Financial Payment Cards, as that business migrated to the Company’s operations in the Debit and Credit segment or to other service providers in 2019. The transaction closed on April 1, 2019 , and the Company received cash proceeds of $1,451. After the payment of liabilities and transaction costs, including employee termination costs, the sale did not have a significant impact on cash, and no significant loss on sale was recorded. In connection with the disposition of the Canadian subsidiary, the Company released the related cumulative translation adjustment of $1,329 from “Accumulated Other Comprehensive Loss” on the condensed consolidated balance sheet into “Foreign Currency Loss” on the condensed consolidated statement of operations during the nine months ended September 30, 2019. The Canadian subsidiary was not a significant operating segment and was part of the Other reportable segment. COVID-19 Update On March 11, 2020, the World Health Organization (“WHO”) characterized the novel coronavirus disease (“COVID-19”) as a pandemic. Further, on March 13, 2020, the President of the United States declared the COVID-19 pandemic a national emergency, invoking powers under the Stafford Act – the legislation that directs federal emergency disaster response. The broader and long-term implications of COVID-19 on the Company’s results of operations and overall financial performance remain uncertain. The adverse effects of the COVID-19 pandemic have become widespread, including in the locations where the Company operates and its custom ers and suppliers conduct business. The health and safety of CPI’s employees remains paramount, and the Company continues to follow response protocols based on precautions and other appropriate measures recommended by the Centers for Disease Control and Prevention as well as various state and local executive orders, health orders and guidelines. All of CPI’s operations remain open and continue to provide direct and essential support to the financial services industry. T he Company may experience constrained supply, curtailed customer demand or impacts on CPI’s workforce that could materially adversely impact the business, results of operations and overall financial performance in future periods. While CPI’s net sales in the third quarter and first nine months of 2020 increased over the prior year, the Company experienced lower customer demand than expected (which CPI believes is primarily attributable to the COVID-19 pandemic), and the Company may experience further effects in the Company’s results of operations and overall financial perfo rmance in future periods. There can be no assurance that the Company’s strategies will be successful in effectively managing the Company’s resources and mitigating the negative impact of the COVID-19 pandemic on the business and operating results. See Part II, Item 1A – Risk Factors in this Quarterly Report on Form 10-Q for the quarter ended September 30 , 2020 for further discussion of the possible impact of the COVID-19 pandemic on the business. On March 27, 2020, the President of the United States signed the Coronavirus Aid, Relief, and Economic Security (CARES) Act into law. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer side social security payments, changes in net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitations and technical corrections to tax depreciation methods for qualified improvement property. CPI is continuing to evaluate and apply certain provisions of the CARES Act that may benefit the Company. Refer to Note 12, Income Taxes – Continuing Operations, for a discussion of the CARES Act income tax impacts. In addition, the Company has deferred employer side social security payments starting with the second quarter of 2020. While the Company is participating in certain programs under the CARES Act, the Act and its guidance are subject to change. Basis of Presentation Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for the fair statement of the results of the interim periods presented. The condensed consolidated balance sheet as of December 31, 2019 is derived from the audited financial statements as of that date. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019. Use of Estimates Management uses estimates and assumptions relating to the reporting of assets and liabilities at the date of the financial statements, the reported revenues and expenses recognized during the reporting period, and certain financial statement disclosures, in the preparation of the condensed consolidated financial statements. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and intangible assets, leases, liability for sales tax, valuation allowances for inventories and deferred taxes, revenue recognized for work performed but not completed, and uncertain tax positions. Actual results could differ from those estimates. Recent Accounting Standards Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Codification (“ASC”) Topic 842, Leases (“ASC 842”), which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets. ASC 842 is effective for annual and interim periods beginning after December 15, 2018 (the Company’s fiscal year 2019) with early adoption permitted. The guidance required a modified retrospective approach, with an option to apply the transition provisions of the new guidance at the adoption date without adjusting the comparative periods presented. In July 2018, t he FASB issued additional accounting standard updates clarifying certain provisions, as well as providing for a second transition method allowing entities to initially apply the standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings. The Company adopted the new guidance on January 1, 2019 and used the adoption date as the date of initial application as allowed under ASC 842. Refer to Note 10, Financing and Operating Leases. Recently Issued Accounting Standards In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This ASU changes the model for the recognition of credit losses from an incurred loss model, which recognized credit losses only if it was probable that a loss had been incurred, to an expected loss model, which requires the Company to estimate the total credit losses expected on the portfolio of financial instruments. The effective date of ASU 2016-13 was amended by ASU 2019-10 , Credit Losses Effective Dates. Since CPI is a smaller reporting company, adoption of this accounting standard is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods therein, with early adoption permi tted. The Company has elected not to early adopt this accounting standard in the current fiscal year 2020. The Company is evaluating the impact of adoption of this standard, and does not anticipate the application of ASU 2016-13 will have a material impact on the Company’s consolidated financial position and results of operations. Adjustment of Prior Period Financial Statements for Immaterial Items In accordance with Securities and Exchange Commission Staff Accounting Bulletin 99, Materiality, codified in ASC 250, Presentation of Financial Statements, the Company corrected two immaterial items relating to estimated sales tax expense and depreciation expense for all prior periods presented by revising the condensed consolidated financial statements and other financial information included herein. The total impact on prior years for estimated sales tax expense was $1,907 and depreciation expense was $476. These adjustments represent the expenses pertaining to the period of 2017 to 2020, including an increase to estimated sales tax expense recorded in Selling, General and Administrative expenses (“SG&A”) of $168 and $396, and depreciation expense in Cost of sales of $62 and $187, for the three and nine months ended September 30, 2019, respectively. In addition, the Company recorded sales tax expense in SG&A of $293 and depreciation expense of $124 for the nine months ended September 30, 2020. The estimated sales tax expense determined during the quarter ended June 30, 2020 was $2,700, and the estimate reduced primarily due to probable customer collections of $500, resulting in $2,200 estimated expense recorded to the prior periods of 2017 to 2020.

Net Sales

Net Sales	9 Months Ended
	Sep. 30, 2020
Net Sales.
Net Sales	2. Net Sales The Company disaggregates its net sales by major source as follows: Three Months Ended September 30, 2020 Products Services Total Debit and Credit $ 44,056 $ 18,654 $ 62,710 Prepaid Debit — 20,604 20,604 Intersegment eliminations (594) (18) (612) Total $ 43,462 $ 39,240 $ 82,702 Nine Months Ended September 30, 2020 Products Services Total Debit and Credit $ 126,507 $ 54,348 $ 180,855 Prepaid Debit — 48,680 48,680 Intersegment eliminations (1,467) (19) (1,486) Total $ 125,040 $ 103,009 $ 228,049 Three Months Ended September 30, 2019 Products Services Total Debit and Credit $ 34,218 $ 17,284 $ 51,502 Prepaid Debit — 20,452 20,452 Intersegment eliminations (255) (18) (273) Total $ 33,963 $ 37,718 $ 71,681 Nine Months Ended September 30, 2019 Products Services Total Debit and Credit $ 100,338 $ 51,179 $ 151,517 Prepaid Debit — 53,162 53,162 Other 397 1,282 1,679 Intersegment eliminations (890) (20) (910) Total $ 99,845 $ 105,603 $ 205,448 Products Net Sales “Products” net sales are recognized when obligations under the terms of a contract with a customer are satisfied. In most instances, this occurs over time as cards are manufactured for specific customers and have no alternative use and the Company has an enforceable right to payment for work performed. For work performed but not completed and unbilled, the Company estimates revenue by taking actual costs incurred and applying historical margins for similar types of contracts. Items included in “Products” net sales are manufactured Financial Payment Cards, including contact-EMV ® , dual-interface EMV, contactless and magnetic stripe cards, Second Wave TM , metal, private label credit cards and retail gift cards. Card Once ® printers and consumables are also included in “Products” net sales, and their associate d revenues are recognized at the time of shipping. The Company includes gross shipping and handling revenue in net sales, and shipping and handling costs in cost of sales. EMV ® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMV Co, L LC . Services Net Sales Net sales are recognized for “Services” as the services are performed. Items included in “Services” net sales include the personalization and fulfillment of Financial Payment Cards, providing tamper-evident secure packaging and fulfillment services to Prepaid Debit Card program managers and software as a service personalization of instant issuance debit and credit cards. The Company also generates “Services” net sales from usage-fees generated from the Company’s patented card design software, known as MYCA®, which provides customers and cardholders the ability to design cards on the internet and customize cards with individualized digital images. For work performed but not completed and unbilled, the Company estimates revenue by taking actual costs incurred and applying historical margins for similar types of contracts. Customer Contracts The Company often enters into Master Services Agreements (“MSAs”) with its customers. Generally, enforceable rights and obligations for goods and services occur only when a customer places a purchase order or statement of work to obtain goods or services under an MSA. The contract term as defined by ASC 606, Revenue from Contracts with Customers , is the length of time it takes to deliver the goods or services promised under the purchase order or statement of work. As such, the Company's contracts are generally short term in nature.

Discontinued Operation

Discontinued Operation	9 Months Ended
	Sep. 30, 2020
Discontinued Operation
Discontinued Operation	3. Discontinued Operation On August 3, 2018, the Company completed the sale of its three facilities in the United Kingdom that produced retail cards, such as gift and loyalty cards, for customers in the United Kingdom and continental Europe, and provided personaliz ation, packaging and fulfillment services. The facilities sold included Colchester, Liverpool and Derby locations. The Company reported the U.K. Limited reporting segment as discontinued operations and restated the comparative financial information for all periods presented in conformity with GAAP. Unless otherwise indicated, information in these notes to the unaudited condensed consolidated financial statements relate to continuing operations. The Company did not retain significant continuing involvement with the discontinued operation subsequent to the disposal. The impact of the discontinued operations was insignificant to the Company’s condensed consolidated statement of operations for the three and nine months ended September 30, 2020 and 2019.

Accounts Receivable

Accounts Receivable	9 Months Ended
	Sep. 30, 2020
Accounts Receivable
Accounts Receivable	4. Accounts Receivable Accounts receivable consisted of the following: September 30, 2020 December 31, 2019 Trade accounts receivable $ 50,971 $ 39,004 Unbilled accounts receivable 8,413 4,223 59,384 43,227 Less allowance for doubtful accounts (291) (395) $ 59,093 $ 42,832

Inventories

Inventories	9 Months Ended
	Sep. 30, 2020
Inventories
Inventories	5 . Inventories Inventories consisted of the following: September 30, 2020 December 31, 2019 Raw materials $ 18,025 $ 16,492 Finished goods 4,623 5,047 Inventory reserve (2,482) (1,347) $ 20,166 $ 20,192

Plant, Equipment, Leasehold Imp

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets	9 Months Ended
	Sep. 30, 2020
Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets
Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets	6. Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets Plant, equipment, leasehold improvements and operating lease right-of-use assets consisted of the following: September 30, 2020 December 31, 2019 Machinery and equipment $ 53,224 $ 52,212 Machinery and equipment under financing leases 9,874 8,256 Furniture, fixtures and computer equipment 4,171 4,749 Leasehold improvements 14,941 14,905 Construction in progress 658 455 82,868 80,577 Less accumulated depreciation and amortization (52,054) (45,277) Operating lease right-of-use assets, net of accumulated amortization 4,659 6,312 $ 35,473 $ 41,612 Depreciation expense of plant, equipment and leasehold improvements, including depreciation of assets under financing leases, was $2,831 and $3,167 for the three months ended September 30, 2020 and 2019, respectively, and $8,989 and $9,455 for the nine months ended September 30, 2020 and 2019, respectively. Operating lease right-of-use assets, net of accumulated amortization, are further described in Note 10, Financing and Operating Leases.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2020
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	7. Goodwill and Other Intangible Assets The Company reports all of its goodwill in the Debit and Credit segment at September 30, 2020 and December 31, 2019. Goodwill is tested for impairment at least annually on October 1 or more frequently when an event occurs or circumstances change that indicates the carrying value may not be recoverable. The Company did not identify a triggering event requiring a quantitative test for impairment as of September 30, 2020. Intangible assets consist of customer relationships, technology and software, trademarks and non-compete agreements. Intangible amortization expense was $1,149 and $1,159 for the three months ended September 30, 2020 and 2019, respectively, and $3,447 and $3,487 for the nine months ended September 30, 2020 and 2019. At September 30, 2020 and December 31, 2019, intangible assets, excluding goodwill, were comprised of the following: September 30, 2020 December 31, 2019 Weighted Average Gross Book Accumulated Net Book Gross Book Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value Customer relationships 17.2 $ 55,454 $ (31,323) $ 24,131 $ 55,454 (28,865) $ 26,589 Technology and software 8 7,101 (5,649) 1,452 7,101 (4,952) 2,149 Trademarks 8.7 3,330 (1,558) 1,772 3,330 (1,266) 2,064 Non-compete agreements 5 491 (491) — 491 (491) — Intangible assets subject to amortization $ 66,376 $ (39,021) $ 27,355 $ 66,376 $ (35,574) $ 30,802 The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of September 30, 2020 was as follows: 2020 (excluding the nine months ended September 30, 2020) $ 1,148 2021 4,352 2022 3,867 2023 3,867 2024 3,530 Thereafter 10,591 $ 27,355

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Sep. 30, 2020
Fair Value of Financial Instruments
Fair Value of Financial Instruments	8. Fair Value of Financial Instruments Fair value is defined as 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 (exit price). In determining fair value, the Company utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:  Level 1—Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.  Level 2— Observable inputs other than Level 1 prices, such as quoted prices in active markets for similar assets and liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term for the assets or liabilities.  Level 3— Valuations based on unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at measurement date. The Company’s financial assets and liabilities that are not required to be re-measured at fair value in the condensed consolidated balance sheets were as follows: Carrying Value as of Fair Value as of Fair Value Measurement at September 30, 2020 September 30, September 30, (Using Fair Value Hierarchy) 2020 2020 Level 1 Level 2 Level 3 Liabilities: First Lien Term Loan $ 312,500 $ 275,391 $ — $ 275,391 $ — Senior Credit Facility $ 30,000 $ 30,000 $ — $ — $ 30,000 Carrying Value as of Fair Value as of Fair Value Measurement at December 31, 2019 December 31, December 31, (Using Fair Value Hierarchy) 2019 2019 Level 1 Level 2 Level 3 Liabilities: First Lien Term Loan $ 312,500 $ 234,375 $ — $ 234,375 $ — The aggregate fair value of the Company’s First Lien Term Loan (as defined in Note 11, Long-Term Debt) was based on bank quotes. The fair value measurement associated with the Senior Credit Facility (as defined in Note 11, Long-Term Debt) is based on significant unobservable Level 3 inputs, which require management judgment and estimation. The Senior Credit Facility ranks senior in priority to the Company’s First Lien Term Loan, and was valued using market data from companies with si milar credit ratings. The carrying amounts for cash and cash equivalents, accounts receivable and accounts payable each approximate fair value.

Accrued Liabilities

Accrued Liabilities	9 Months Ended
	Sep. 30, 2020
Accrued Liabilities
Accrued Liabilities	9. Accrued Liabilities Accrued liabilities consisted of the following: September 30, 2020 December 31, 2019 Accrued payroll and related employee expenses $ 5,152 $ 3,954 Accrued employee performance bonus 3,717 3,920 Employer payroll tax, including social security deferral 2,008 368 Accrued rebates 3,931 1,573 Sales tax liability 2,100 1,907 Accrued interest 4,137 4,951 Operating and financing lease liability (current portion) 4,901 4,494 Other 3,581 3,568 Total accrued expenses $ 29,527 $ 24,735 The estimated sales tax liability is further described in Note 15, Commitments and Contingencies and Note 1, Business Overview and Summary of Significant Accounting Policies.

Financing and Operating Leases

Financing and Operating Leases	9 Months Ended
	Sep. 30, 2020
Financing and Operating Leases
Financing and Operating Leases	10. Financing and Operating Leases CPI adopted ASC 842 effective January 1, 2019. The Company elected the ‘package of practical expedients’, which permits the Company not to reassess under the new standard its prior conclusions about lease identification, lease classification, and initial direct costs. Right-of-use (“ROU”) represents the right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. A lease is deemed to exist when the Company has the right to control the use of identified property, plant or equipment, as conveyed through a contract, for a certain period of time and consideration paid. The right to control is deemed to occur when the Company has the right to obtain substantially all of the economic benefits of the identified assets and the right to direct the use of such assets. As a result of the adoption of ASC 842, the Company recorded $8,025 of operating ROU assets, and corresponding operating lease liabilities of $8,813 on January 1, 2019, relating to existing real estate operating leases. The components of operating and finance lease costs were as follows: Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Total operating lease costs $ 664 $ 659 Finance lease cost: Right-of-use amortization expense $ $ Interest on lease liabilities Total financing lease costs $ $ Nine Months Ended Nine Months Ended September 30, 2020 September 30, 2019 Total operating lease costs $ 2,006 $ 1,967 Finance lease cost: Right-of-use amortization expense $ $ Interest on lease liabilities Total financing lease costs $ 1,338 $ The following table reflects balances for operating and financing leases: September 30, 2020 December 31, 2019 Operating leases Operating lease right-of-use assets, net of amortization $ 4,659 $ 6,312 Operating lease liability (current) $ 2,489 $ 2,283 Long-term operating liability 2,773 5,067 Total operating lease liabilities $ 5,262 $ 7,350 Financing leases Property, equipment and leasehold improvements $ 9,874 $ 8,256 Accumulated depreciation (2,072) (1,094) Total property, equipment and leasehold improvements, net $ 7,802 $ 7,162 Financing lease liability (current) $ 2,412 $ 2,211 Long-term financing liability 3,500 3,886 Total financing lease liabilities $ 5,912 $ 6,097 Finance and operating lease ROU assets are recorded in “Plant, equipment, leasehold improvements, and operating lease right-of-use assets, net”. Financing and operating lease liabilities are recorded in “Accrued expenses” and “Other long-term liabilities.” Future cash payment with respect to lease obligations as of September 30 , 2020 were as follows: Operating Financing Lease Leases 2020 (excluding nine months ended September 30, 2020) $ 744 $ 711 2021 2,632 2,470 2022 1,150 1,983 2023 823 1,032 2024 582 258 Thereafter - 2 Total lease payments 5,931 6,456 Less imputed interest (669) (544) Total $ 5,262 $ 5,912

Long-Term Debt

Long-Term Debt	9 Months Ended
	Sep. 30, 2020
Long-Term Debt.
Long-Term Debt	11. Long-Term Debt At September 30, 2020 and December 31, 2019, long-term debt consisted of the following: Interest September 30, December 31, Rate (1) 2020 2019 First Lien Term Loan 5.50 % $ 312,500 $ 312,500 Senior Credit Facility 9.50 % 30,000 — Unamortized discount (2,312) (1,770) Unamortized deferred financing costs (4,429) (2,952) Total Long-term debt $ 335,759 $ 307,778 Less current maturities — — Long-term debt, net of current maturities 335,759 307,778 (1 ) The interest rate on the First Lien Term Loan was 5.5%, and 6.71% as of September 30, 2020, and December 31, 2019, respectively. The interest rate on the Senior Credit Facility, which was entered into on March 6, 2020, was 9.5% as of September 30, 2020. On August 17, 2015, the Company entered into a first lien credit facility (the “First Lien Credit Facility”) with a syndicate of lenders providing for a $435,000 first lien term loan (the “First Lien Term Loan”) and a $40,000 revolving credit facility (the “Revolving Credit Facility”). The First Lien Term Loan matures on August 17, 2022 and the Revolving Credit Facility was terminated concurrently with the Company entering into a new senior credit facility on March 6, 2020. On March 6, 2020, t he Company and its wholly owned subsidiary, CPI Acquisition, Inc. (now known as CPI CG Inc.) (the “Borrower”), entered into a super senior credit agreement with Guggenheim Credit Services, LLC (“Guggenheim”), Vector Capital Credit Opportunity Master Fund, L.P., Guggenheim, as administrative agent and collateral agent, and certain other lenders from time to time party thereto (the “Senior Credit Agreement” and together with all ancillary documents thereto, the “Senior Credit Facility”). The Senior Credit Facility matures on May 17, 2022, and provides for the extension of credit to the Borrower in the form of super senior term loans in an aggregate principal amount of $30,000, and ranks senior in priority to the Company’s First Lien Term Loan. The Senior Credit Facility and the First Lien Term Loan are secured by substantially all of the Company’s assets constituting equipment, inventory, receivables, cash and other tangible and intangible property. The Senior Credit Facility and the First Lien Term Loan contain customary representations, covenants and events of default, including certain covenants that limit or restrict the Company’s and certain of its subsidiaries’ ability to incur indebtedness, grant certain types of security interests, incur certain types of liens, sell or transfer assets or enter into a merger or consolidate with another company, enter into sale and leaseback transactions, make certain types of investments, declare or make dividends or distributions, engage in certain affiliate transactions, or modify organizational documents, among other restrictions and subject to certain exceptions. In accordance with the Senior Credit Facility, the Company is also required to have adjusted EBITDA, as defined in the agreement, of $25,000 for the previous four consecutive fiscal quarters in total, at the end of each quarterly period ending on or after March 31, 2020. The Senior Credit Facility and the First Lien Term Loan also require prepayment in advance of the maturity date upon the occurrence of certain customary events, including based on an annual excess cash flow calculation, pursuant to the terms of the respective agreement, with any required payments to be made after the issuance of the Company’s annual financial statements. The Company was not required to make any prepayments of the First Lien Term Loan with respect to our 2019 annual financial statements. Interest rates under the Senior Credit Facility are based, at the Company's election, on a Eurodollar rate, subject to an interest rate floor of 1.0%, plus a margin of 8.5% or a base rate plus a margin of 7.5%. Prepayments made prior to February 15, 2022 are subject to a make-whole premium. Interest rates under the First Lien Term Loan are based, at the Company’s election, on a Eurodollar rate, subject to an interest rate floor of 1.0%, plus a margin of 4.5%, or a base rate plus a margin of 3.5%. The term loans made under the Senior Credit Facility would be accelerated and become immediately due and payable if an event of default (as defined in the Senior Credit Agreement) were to occur. Tricor Pacific Capital Partners (Fund IV), Limited Partnership and Tricor Pacific Capital Partners (Fund IV) US, Limited Partnership (collectively, the “Tricor Funds”), own approximately 37% and 22% of the Company’s common stock, respectively, as of December 31, 2019. If the Tricor Funds were to sell or otherwise dispose of more than 25% of CPI’s outstanding common stock, or otherwise cease to own at least 30% of CPI’s outstanding common stock, other than by means of distributing CPI common stock to the participants in Tricor Funds, a “change of control” event of default would occur. Additionally, certain proposed changes to the Senior Credit Facility require the consent of lenders representing more than 50% of the outstanding term loans, and if a lender does not consent to such proposed changes, then, among other options, CPI may be required to pre-pay the non-consenting lender’s portion of the loan, including accrued interest, fees and other amounts payable, as well as a make-whole premium. The proceeds of the Senior Credit Facility may be used by the Company to provide for the working capital and general corporate requirements of the Company and its subsidiaries, including to pay any fees and expenses in connection with the Senior Credit Facility and other related loan documents. Deferred Financing Costs and Discount Certain costs and discounts incurred with borrowings or the establishment or modification of credit facilities are reflected as a reduction to the long-term debt balance. These costs are amortized as an adjustment to interest expense over the life of the borrowing using the effective-interest rate method. The discount on the Senior Credit Facility was $1,400, and financing costs were $3,215, and both were recorded as a reduction to the long-term debt balance in the quarter ended March 31, 2020. The net discount and debt issuance costs on the Senior Credit Facility as included within financing activities on the condensed consolidated statement of cash flows relates to cash flows during the nine months ended September 30, 2020.

Income Taxes - Continuing Opera

Income Taxes - Continuing Operations	9 Months Ended
	Sep. 30, 2020
Income Taxes - Continuing Operations
Income Taxes - Continuing Operations	12. Income Taxes – Continuing Operations During the three months ended September 30, 2020, the Company recognized an income tax expense of $1,402 on a pre-tax income of $7,211, compared to an income tax expense of $2,258 on a pre-tax income of $1,629 for the prior year period. During the nine months ended September 30, 2020, the Company recognized an income tax benefit of $2,178 on a pre-tax income of $6,696, representing an effective income tax rate of (32.5%). For the nine months ended September 30, 2019, the Company recognized an income tax expense of $3,618 on a pre-tax income of $912, representing an effective income tax rate of 396.7%. For the nine months ended September 30 , 2020 and 2019, the effective tax rate differs from the U.S. federal statutory income tax rate as follows: September 30, 2020 2019 Tax at federal statutory rate % 21.0 % State taxes, net 62.3 Valuation allowance (18.1) 290.2 Permanent items 6.5 Tax benefit CARES Act (54.7) — Other 4.7 16.7 Effective income tax rate (32.5) % 396.7 % In March 2020, the CARES Act was signed into law. The CARES Act allows companies with net operating losses (“NOLs”) originating in 2018, 2019, or 2020 to carry back those losses for five years and temporarily eliminates the tax law provision that limits the use of NOLs to 80% of taxable income. The CARES Act increases the Internal Revenue Code Section 163(j) interest deduction limit for 2019 and 2020, and allows for the acceleration of refunds of alternative minimum tax credits. For the nine months ended September 30, 2020, the Company estimated a tax benefit for certain provisions in the CARES Act including the carryback of losses and the increase to the interest deduction limitation, resulting in a tax rate benefit of 54.7%. In addition, the Company has adjusted the partial valuation allowance due to the limitation on the deductibility of interest expense with an income tax rate benefit during for the nine months ended September 30, 2020. The Company’s income tax receivable on the condensed consolidated balance sheet as of September 30, 2020, relates primarily to U.S. federal income tax receivables relating to prior tax years, including NOL carrybacks relating to the CARES Act income tax refund. Additionally, the income tax receivable relates to tax benefits based on our pre-tax income and income tax provision through September 30, 2020. In the nine months ended September 30, 2019, the effective tax rate differs from the federal U.S. statutory rate primarily due to the impact of tax expense recorded related to the partial valuation allowance due to the limitation on the deductibility of interest expense.

Stockholders' Deficit

Stockholders' Deficit	9 Months Ended
	Sep. 30, 2020
Stockholders’ Deficit
Stockholders’ Deficit	13. Stockholders’ Deficit Common Stock Common Stock has a par value of $0.001 per share. Holders of Common Stock are entitled to receive dividends and distributions subject to the participation rights of holders of all classes of stock at the time outstanding, as such holders may have prior rights as to dividends pursuant to the rights of any series of Preferred Stock. Upon any liquidation, dissolution, or winding up of the Company, after required payments are made to holders of any series of Preferred Stock, any remaining assets of the Company will be distributed ratably to the holders of Common Stock. Holders of Common Stock are entitled to one vote per share.

Income (Loss) per Share

Income (Loss) per Share	9 Months Ended
	Sep. 30, 2020
Income (Loss) per Share
Income (Loss) per Share	14. Income (Loss) per Share Basic and diluted income (loss) per share is computed by dividing net income (loss) by the weighted-average number of common shares outstanding during the period. The following table sets forth the computation of basic and diluted income (loss) per share: Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Numerator: Net income (loss) from continuing operations $ 5,809 $ (629) $ 8,874 $ (2,706) Net (loss) income from discontinued operation — (28) (30) (16) Net income (loss) $ 5,809 $ (657) $ 8,844 $ (2,722) Denominator: Basic weighted-average common shares outstanding 11,230,028 11,223,715 11,228,116 11,187,550 Dilutive shares 1,793 — 6,982 — Diluted weighted-average common shares outstanding 11,231,821 11,223,715 11,235,098 11,187,550 Net income (loss) per share from continuing operations - Basic: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from discontinued operations - Basic: — (0.00) (0.00) (0.00) Net income (loss) per share - Basic: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from continuing operations - Diluted: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from discontinued operations - Diluted: — (0.00) (0.00) (0.00) Net income (loss) per share - Diluted: $ 0.52 $ (0.06) $ 0.79 $ (0.24) The Company reported a net loss for the three and nine months ended September 30 , 2019. Accordingly, the potentially dilutive effect of 840,819 stock options and 9,256 restricted stock units were excluded from the computation of diluted earnings per share as of September 30 , 2019, as their inclusion would be anti-dilutive.

Commitments and Contingencies_

Commitments and Contingencies: Litigation Settlement	9 Months Ended
	Sep. 30, 2020
Commitments and Contingencies: Litigation Settlement.
Commitments and Contingencies: Litigation Settlement	15. Commitments and Contingencies; Litigation Settlement Contingencies In accordance with applicable accounting guidance, the Company establishes an accrued liability when loss contingencies are both probable and estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. As a matter develops, the Company, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and estimable. Once the loss contingency is deemed to be both probable and estimable, the Company will establish an accrued liability and record a corresponding amount of expense. The Company expenses professional fees associated with litigation claims and assessments as incurred. Derivative Suit Heckermann v. Montross et al. , Case No. 1:17-CV-01673 (D. Del.) (the “Derivative Suit”) On November 20, 2017, a purported CPI stockholder filed a stockholder derivative complaint in the United States District Court for the District of Delaware (the “Court”) against certain of CPI’s former officers and current and former directors, along with the sponsors of CPI’s October 2015 initial public offering (“IPO”). CPI is also named as a nominal defendant. The derivative complaint asserts claims under §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Securities and Exchange Commission Rule 10b-5 and seeks, among other things, injunctive relief, damages and costs. It alleges false or misleading statements and omissions in the Registration Statement filed by CPI in connection with its IPO and subsequent public filings and statements. The derivative complaint also asserts claims for purported breaches of fiduciary duties, unjust enrichment, mismanagement and waste of corporate assets. O n December 18, 2019, the parties filed a Stipulation and Agreement of Settlement to resolve and dismiss the Derivative Suit, and on April 1, 2020, the Court granted final approval of the settlement set forth therein and dismissed with prejudice all claims (the “Settlement”). Under the Settlement, (i) all claims that were or could have been asserted in the Derivative Suit were resolved and discharged, (ii) the Company agreed to implement certain corporate governance reforms, and (iii) the Company’s insurer agreed to pay fees and expenses awarded to the plaintiff’s counsel in the amount of $343 and a service award to the plaintiff of a nominal amount. There was no liability necessary to be recorded for the Settlement as of September 30 , 2020, or December 31, 2019. In addition to the matters described above, the Company may be subject to routine legal proceedings in the ordinary course of business. The Company believes that the ultimate resolution of any such matters will not have a material adverse effect on its business, financial condition or results of operations. Estimated Sales Tax Liability The Company is evaluating a state sales tax liability analysis for states in which it has economic nexus, and collecting exemption documentation from its customers. It is probable that the Company will be subject to sales tax liabilities plus interest and penalties relating to historical activity in certain states. The liability for sales tax was estimated and recorded during the quarter ended June 30, 2020, and the Company has estimated a liability of $2,100 as of September 30, 2020, which is recorded in a ccrued expenses in the condensed consolidated balance sheets. Due to the estimates involved in the analysis, the Company expects that the estimated liability will change in the future, and could exceed the original estimate. Additionally, the liability may be reduced by the payment of sales tax directly to the applicable states. A mounts that are recovered from customers will reduce the estimated expense when probable of collection. Future changes to the liability estimate that impact the condensed consolidated statements of operations will be recorded within selling, general, and administrative expenses. Litigation Settlement CPI Card Group Inc. v. Multi Packaging Solutions, Inc., et al. Second Case During the summer of 2017, the Company and its subsidiary, CPI Card Group – Minnesota, Inc. (together, the “Company Plaintiffs”), commenced a lawsuit in the United States District Court for the District of Minnesota against a former employee, Multi Packaging Solutions, Inc. (“MPS”), and two MPS employees as individuals (collectively, the “Defendants”). On June 12, 2019, the Company Plaintiffs and the Defendants reached a settlement pursuant to which the case was resolved and dismissed by mutual agreement on terms that provided for, among other things, a cash payment to the Company. The Company received a $6,000 cash settlement payment during the second quarter of 2019, and recorded the gain within income from operations, in the Other segment. The case was dismissed in its entirety, with prejudice, by court order on July 12, 2019.

Stock Based Compensation

Stock Based Compensation	9 Months Ended
	Sep. 30, 2020
Stock Based Compensation
Stock Based Compensation	16. Stock-Based Compensation CPI Card Group Inc. Omnibus Incentive Plan In October 2015, the Company adopted the CPI Card Group Inc. Omnibus Incentive Plan (the “Omnibus Plan”) pursuant to which cash and equity based incentives may be granted to participating employees, advisors and directors. The Company had reserved 800,000 shares of common stock for issuance under the Omnibus Plan. Effective March 25, 2017, the Omnibus Plan was amended and restated, providing for an increase in the number of shares of common stock authorized for issuance thereunder by 400,000. The increase was made effective in the fourth quarter of 2017 by stockholder approval in accordance with applicable law, after which the Company had reserved 1,200,000 shares of common stock for issuance. As of September 30, 2020, there were 365,967 shares available for grant under the Omnibus Plan. During the nine months ended September 30, 2020, and during the fiscal year ended December 31, 2019, the Company did not grant any awards of non-qualified stock options. The following is a summary of the activity in outstanding stock options under the Omnibus Plan: Weighted- Weighted- Average Average Remaining Exercise Contractual Term Options Price (in Years) Outstanding as of December 31, 2019 793,084 $ Forfeited (86,712) $ Outstanding as of September 30, 2020 706,372 $ 6.69 Options vested and exercisable as of September 30, 2020 661,053 $ 6.62 Options vested and expected to vest as of September 30, 2020 706,372 $ 6.69 The following is a summary of the activity in unvested stock options under the Omnibus Plan: Weighted-Average Options Grant-Date Fair Value Unvested as of December 31, 2019 250,571 $ 1.90 Forfeited (16,028) 2.33 Vested (189,224) 2.05 Unvested as of September 30, 2020 45,319 $ 1.10 Unvested options as of September 30 , 2020, will vest as follows: 2020 (excluding nine months ended September 30, 2020) — 2021 45,319 Total unvested options as of September 30, 2020 45,319 The following table summarizes the changes in the number of outstanding restricted stock units: Weighted- Average Weighted- Remaining Average Amortization Grant-Date Period Units Fair Value (in Years) Outstanding as of December 31, 2019 7,347 $ 22.49 Vested (7,144) 22.51 Forfeited (203) 21.75 Outstanding as of September 30, 2020 — $ — - During the nine months ended September 30, 2020, and during the fiscal year ended December 31, 2019, the Company did not grant any awards of restricted stock units. Outstanding restricted stock units have vested entirely as of September 30, 2020. On October 2, 2020, the Company granted 180,001 restricted stock units to employees. The restricted stock unit awards contain conditions associated with continued employment or service, and generally vest two years from the date of grant. On the vesting date, shares of common stock will be issued to the award recipients. During the year ended December 31, 2017, the Company granted awards of 932,837 cash performance units with a grant-date fair value of $663. These awards settled in cash in three annual payments on the first, second and third anniversaries of the date of grant. The cash performance units were based on the performance of the Company’s stock, measured based on the Company’s stock price at each of the first, second, and third anniversaries of the grant date compared to the Company’s stock price on the date of grant. The Company recognized compensation expense on a straight-line basis for each annual performance period. The cash performance units were accounted for as a liability and remeasured to fair value at the end of each reporting period. During the nine months ended September 30, 2020, the third tranche of the cash performance units vested and the Company made a cash payment of $68 to the award recipients. There are no outstanding cash performance units as of September 30 , 2020. Compensation expense for the Omnibus Plan for the three months ended September 30, 2020 and 2019 was $25 and $9, respectively. Compensation expense for the nine months ended September 30, 2020 and 2019 was $84 and $317, respectively. As of September 30, 2020, the total unrecognized compensation expense related to unvested options, and restricted stock units is not significant, and the expense is expected to be recognized over an estimated weighted-average period of less than one year. CPI Holdings I, Inc. Amended and Restated 2007 Stock Option Plan In 2007, the Company’s Board of Directors adopted the CPI Holdings I, Inc. Amended and Restated 2007 Stock Option Plan (the “Option Plan”). Under the provisions of the Option Plan, stock options could be granted to employees, directors and consultants at an exercise price greater than or equal to (and not less than) the fair market value of a share on the date the option was granted. Following the Company’s adoption of its Omnibus Plan, no awards have been made under the Option Plan. All options under the Option Plan were exercised, and there were no outstanding shares remaining. As such, there were no outstanding shares remaining as of December 31, 2019 or September 30 , 2020. There was no compensation expense related to options previously granted under the Option Plan, for the three and nine months ended September 30 , 2020 and 2019.

Segment Reporting

Segment Reporting	9 Months Ended
	Sep. 30, 2020
Segment Reporting
Segment Reporting	17. Segment Reporting The Company has identified reportable segments as those consolidated subsidiaries that represent 10% or more of its net sales, EBITDA (as defined below) or total assets, or when the Company believes information about the segment would be useful to the readers of the financial statements. The Company’s chief operating decision maker is its Chief Executive Officer who is charged with management of the Company and is responsible for the evaluation of operating performance and decision making about the allocation of resources to operating segments based on measures, such as net sales and EBITDA. EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate segment operating performance. As the Company uses the term, EBITDA is defined as income before interest expense, income taxes, depreciation and amortization. The Company’s chief operating decision maker believes EBITDA is a meaningful measure and is useful as a supplement to GAAP measures as it represents a transparent view of the Company’s operating performance that is unaffected by fluctuations in property, equipment and leasehold improvement additions. The Company’s chief operating decision maker uses EBITDA to perform periodic reviews and comparison of operating trends and to identify strategies to improve the allocation of resources amongst segments. As of September 30 , 2020, the Company’s reportable segments were as follows:  Debit and Credit,  Prepaid Debit, and  Other. The Other category includes the Company’s corporate office and, for the three and nine months ended September 30, 2019, a less significant operating segment that historically derived its revenue from the production of financial payment cards and retail gift cards in Canada. The Company’s Canadian subsidiary was sold on April 1, 2019. The sale did not include the portions of the business relating to Financial Payment Cards, as those business customers of the Canadian subsidiary migrated to the Company’s operations in the Debit and Credit segment or to other service providers in 2019. Performance Measures of Reportable Segments Net Sales and EBITDA of the Company’s reportable segments for the three and nine months ended September 30 , 2020 and 2019, were as follows: Net Sales Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Debit and Credit $ 62,710 $ 51,502 $ 180,855 $ 151,517 Prepaid Debit 20,604 20,452 48,680 53,162 Other — — — 1,679 Intersegment eliminations (612) (273) (1,486) (910) Total $ 82,702 $ 71,681 $ 228,049 $ 205,448 EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Debit and Credit $ 16,993 $ 11,249 $ 45,073 $ 31,992 Prepaid Debit 8,332 8,342 16,974 20,001 Other (7,836) (7,551) (23,757) (19,292) Total $ 17,489 $ 12,040 $ 38,290 $ 32,701 The following table provides a reconciliation of total segment EBITDA from continuing operations to net income (loss) from continuing operations for the three and nine months ended September 30 , 2020 and 2019: Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Total segment EBITDA from continuing operations $ 17,489 $ 12,040 $ 38,290 $ 32,701 Interest, net (6,298) (6,085) (19,158) (18,847) Income tax benefit (expense) (1,402) (2,258) 2,178 (3,618) Depreciation and amortization (3,980) (4,326) (12,436) (12,942) Net income (loss) from continuing operations $ 5,809 $ (629) $ 8,874 $ (2,706) Balance Sheet Data of Reportable Segments Total assets of the Company’s reportable segments at September 30 , 2020 and December 31, 2019, were as follows: September 30, 2020 December 31, 2019 Debit and Credit $ 209,579 $ 176,020 Prepaid Debit 32,498 25,259 Other 11,611 11,732 Total assets $ 253,688 $ 213,011 Net Sales to Geographic Locations, Property, Equipment and Leasehold Improvements and Long-Lived Assets Subsequent to the sale of the Company’s U.K. Limited segment and reclassification to discontinued operations, and the sale of the Company’s Canada operations on April 1, 2019, the Company’s Net Sales, Property, Equipment and Leasehold Improvements, and Long-Lived assets relating to geographic locations outside of the United States is insignificant.

Business Overview and Summary_2

Business Overview and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2020
Business Overview and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for the fair statement of the results of the interim periods presented. The condensed consolidated balance sheet as of December 31, 2019 is derived from the audited financial statements as of that date. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019.
Use of Estimates	Use of Estimates Management uses estimates and assumptions relating to the reporting of assets and liabilities at the date of the financial statements, the reported revenues and expenses recognized during the reporting period, and certain financial statement disclosures, in the preparation of the condensed consolidated financial statements. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and intangible assets, leases, liability for sales tax, valuation allowances for inventories and deferred taxes, revenue recognized for work performed but not completed, and uncertain tax positions. Actual results could differ from those estimates.
Recent Accounting Standards	Recent Accounting Standards Recently Adopted Accounting Standards In February 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Codification (“ASC”) Topic 842, Leases (“ASC 842”), which provides guidance for accounting for leases. The new guidance requires companies to recognize the assets and liabilities for the rights and obligations created by leased assets. ASC 842 is effective for annual and interim periods beginning after December 15, 2018 (the Company’s fiscal year 2019) with early adoption permitted. The guidance required a modified retrospective approach, with an option to apply the transition provisions of the new guidance at the adoption date without adjusting the comparative periods presented. In July 2018, t he FASB issued additional accounting standard updates clarifying certain provisions, as well as providing for a second transition method allowing entities to initially apply the standard at the adoption date and recognize a cumulative-effect adjustment to the opening balance of retained earnings. The Company adopted the new guidance on January 1, 2019 and used the adoption date as the date of initial application as allowed under ASC 842. Refer to Note 10, Financing and Operating Leases. Recently Issued Accounting Standards In June 2016, the FASB issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This ASU changes the model for the recognition of credit losses from an incurred loss model, which recognized credit losses only if it was probable that a loss had been incurred, to an expected loss model, which requires the Company to estimate the total credit losses expected on the portfolio of financial instruments. The effective date of ASU 2016-13 was amended by ASU 2019-10 , Credit Losses Effective Dates. Since CPI is a smaller reporting company, adoption of this accounting standard is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods therein, with early adoption permi tted. The Company has elected not to early adopt this accounting standard in the current fiscal year 2020. The Company is evaluating the impact of adoption of this standard, and does not anticipate the application of ASU 2016-13 will have a material impact on the Company’s consolidated financial position and results of operations.
Adjustment of Prior Period Financial Statements for Immaterial Items	Adjustment of Prior Period Financial Statements for Immaterial Items In accordance with Securities and Exchange Commission Staff Accounting Bulletin 99, Materiality, codified in ASC 250, Presentation of Financial Statements, the Company corrected two immaterial items relating to estimated sales tax expense and depreciation expense for all prior periods presented by revising the condensed consolidated financial statements and other financial information included herein. The total impact on prior years for estimated sales tax expense was $1,907 and depreciation expense was $476. These adjustments represent the expenses pertaining to the period of 2017 to 2020, including an increase to estimated sales tax expense recorded in Selling, General and Administrative expenses (“SG&A”) of $168 and $396, and depreciation expense in Cost of sales of $62 and $187, for the three and nine months ended September 30, 2019, respectively. In addition, the Company recorded sales tax expense in SG&A of $293 and depreciation expense of $124 for the nine months ended September 30, 2020. The estimated sales tax expense determined during the quarter ended June 30, 2020 was $2,700, and the estimate reduced primarily due to probable customer collections of $500, resulting in $2,200 estimated expense recorded to the prior periods of 2017 to 2020.

Net Sales (Tables)

Net Sales (Tables)	9 Months Ended
	Sep. 30, 2020
Net Sales.
Schedule of disaggregation of net sales by major source	Three Months Ended September 30, 2020 Products Services Total Debit and Credit $ 44,056 $ 18,654 $ 62,710 Prepaid Debit — 20,604 20,604 Intersegment eliminations (594) (18) (612) Total $ 43,462 $ 39,240 $ 82,702 Nine Months Ended September 30, 2020 Products Services Total Debit and Credit $ 126,507 $ 54,348 $ 180,855 Prepaid Debit — 48,680 48,680 Intersegment eliminations (1,467) (19) (1,486) Total $ 125,040 $ 103,009 $ 228,049 Three Months Ended September 30, 2019 Products Services Total Debit and Credit $ 34,218 $ 17,284 $ 51,502 Prepaid Debit — 20,452 20,452 Intersegment eliminations (255) (18) (273) Total $ 33,963 $ 37,718 $ 71,681 Nine Months Ended September 30, 2019 Products Services Total Debit and Credit $ 100,338 $ 51,179 $ 151,517 Prepaid Debit — 53,162 53,162 Other 397 1,282 1,679 Intersegment eliminations (890) (20) (910) Total $ 99,845 $ 105,603 $ 205,448

Accounts Receivable (Tables)

Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2020
Accounts Receivable
Schedule of accounts receivable	September 30, 2020 December 31, 2019 Trade accounts receivable $ 50,971 $ 39,004 Unbilled accounts receivable 8,413 4,223 59,384 43,227 Less allowance for doubtful accounts (291) (395) $ 59,093 $ 42,832

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2020
Inventories
Schedule of inventories	September 30, 2020 December 31, 2019 Raw materials $ 18,025 $ 16,492 Finished goods 4,623 5,047 Inventory reserve (2,482) (1,347) $ 20,166 $ 20,192

Plant, Equipment, Leasehold I_2

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets
Schedule of plant, equipment, leasehold improvements and operating lease right-to-use assets	September 30, 2020 December 31, 2019 Machinery and equipment $ 53,224 $ 52,212 Machinery and equipment under financing leases 9,874 8,256 Furniture, fixtures and computer equipment 4,171 4,749 Leasehold improvements 14,941 14,905 Construction in progress 658 455 82,868 80,577 Less accumulated depreciation and amortization (52,054) (45,277) Operating lease right-of-use assets, net of accumulated amortization 4,659 6,312 $ 35,473 $ 41,612

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2020
Goodwill and Other Intangible Assets
Schedule of intangible assets excluding goodwill	September 30, 2020 December 31, 2019 Weighted Average Gross Book Accumulated Net Book Gross Book Accumulated Net Book Life (Years) Value Amortization Value Value Amortization Value Customer relationships 17.2 $ 55,454 $ (31,323) $ 24,131 $ 55,454 (28,865) $ 26,589 Technology and software 8 7,101 (5,649) 1,452 7,101 (4,952) 2,149 Trademarks 8.7 3,330 (1,558) 1,772 3,330 (1,266) 2,064 Non-compete agreements 5 491 (491) — 491 (491) — Intangible assets subject to amortization $ 66,376 $ (39,021) $ 27,355 $ 66,376 $ (35,574) $ 30,802
Schedule of future aggregate amortization expense for identified amortizable intangibles	2020 (excluding the nine months ended September 30, 2020) $ 1,148 2021 4,352 2022 3,867 2023 3,867 2024 3,530 Thereafter 10,591 $ 27,355

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2020
Fair Value of Financial Instruments
Schedule of financial assets and liabilities subject to fair value measurements	Carrying Value as of Fair Value as of Fair Value Measurement at September 30, 2020 September 30, September 30, (Using Fair Value Hierarchy) 2020 2020 Level 1 Level 2 Level 3 Liabilities: First Lien Term Loan $ 312,500 $ 275,391 $ — $ 275,391 $ — Senior Credit Facility $ 30,000 $ 30,000 $ — $ — $ 30,000 Carrying Value as of Fair Value as of Fair Value Measurement at December 31, 2019 December 31, December 31, (Using Fair Value Hierarchy) 2019 2019 Level 1 Level 2 Level 3 Liabilities: First Lien Term Loan $ 312,500 $ 234,375 $ — $ 234,375 $ —

Accrued Liabilities (Tables)

Accrued Liabilities (Tables)	9 Months Ended
	Sep. 30, 2020
Accrued Liabilities
Schedule of Accrued Liabilities	September 30, 2020 December 31, 2019 Accrued payroll and related employee expenses $ 5,152 $ 3,954 Accrued employee performance bonus 3,717 3,920 Employer payroll tax, including social security deferral 2,008 368 Accrued rebates 3,931 1,573 Sales tax liability 2,100 1,907 Accrued interest 4,137 4,951 Operating and financing lease liability (current portion) 4,901 4,494 Other 3,581 3,568 Total accrued expenses $ 29,527 $ 24,735

Financing and Operating Leases

Financing and Operating Leases (Tables)	9 Months Ended
	Sep. 30, 2020
Financing and Operating Leases
Schedule of operating and finance lease costs	Three Months Ended Three Months Ended September 30, 2020 September 30, 2019 Total operating lease costs $ 664 $ 659 Finance lease cost: Right-of-use amortization expense $ $ Interest on lease liabilities Total financing lease costs $ $ Nine Months Ended Nine Months Ended September 30, 2020 September 30, 2019 Total operating lease costs $ 2,006 $ 1,967 Finance lease cost: Right-of-use amortization expense $ $ Interest on lease liabilities Total financing lease costs $ 1,338 $
Schedule of balances for operating and financing leases	September 30, 2020 December 31, 2019 Operating leases Operating lease right-of-use assets, net of amortization $ 4,659 $ 6,312 Operating lease liability (current) $ 2,489 $ 2,283 Long-term operating liability 2,773 5,067 Total operating lease liabilities $ 5,262 $ 7,350 Financing leases Property, equipment and leasehold improvements $ 9,874 $ 8,256 Accumulated depreciation (2,072) (1,094) Total property, equipment and leasehold improvements, net $ 7,802 $ 7,162 Financing lease liability (current) $ 2,412 $ 2,211 Long-term financing liability 3,500 3,886 Total financing lease liabilities $ 5,912 $ 6,097
Schedule of future cash payments with respect to lease obligations	Future cash payment with respect to lease obligations as of September 30 , 2020 were as follows: Operating Financing Lease Leases 2020 (excluding nine months ended September 30, 2020) $ 744 $ 711 2021 2,632 2,470 2022 1,150 1,983 2023 823 1,032 2024 582 258 Thereafter - 2 Total lease payments 5,931 6,456 Less imputed interest (669) (544) Total $ 5,262 $ 5,912

Long-Term Debt (Tables)

Long-Term Debt (Tables)	9 Months Ended
	Sep. 30, 2020
Long-Term Debt.
Schedule of long-term debt	Interest September 30, December 31, Rate (1) 2020 2019 First Lien Term Loan 5.50 % $ 312,500 $ 312,500 Senior Credit Facility 9.50 % 30,000 — Unamortized discount (2,312) (1,770) Unamortized deferred financing costs (4,429) (2,952) Total Long-term debt $ 335,759 $ 307,778 Less current maturities — — Long-term debt, net of current maturities 335,759 307,778 (1 ) The interest rate on the First Lien Term Loan was 5.5%, and 6.71% as of September 30, 2020, and December 31, 2019, respectively. The interest rate on the Senior Credit Facility, which was entered into on March 6, 2020, was 9.5% as of September 30, 2020.

Income Taxes - Continuing Ope_2

Income Taxes - Continuing Operations (Tables)	9 Months Ended
	Sep. 30, 2020
Income Taxes - Continuing Operations
Schedule of effective income tax rate reconciliation	September 30, 2020 2019 Tax at federal statutory rate % 21.0 % State taxes, net 62.3 Valuation allowance (18.1) 290.2 Permanent items 6.5 Tax benefit CARES Act (54.7) — Other 4.7 16.7 Effective income tax rate (32.5) % 396.7 %

Income (Loss) per Share (Tables

Income (Loss) per Share (Tables)	9 Months Ended
	Sep. 30, 2020
Income (Loss) per Share
Computation of basic and diluted loss per share	Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Numerator: Net income (loss) from continuing operations $ 5,809 $ (629) $ 8,874 $ (2,706) Net (loss) income from discontinued operation — (28) (30) (16) Net income (loss) $ 5,809 $ (657) $ 8,844 $ (2,722) Denominator: Basic weighted-average common shares outstanding 11,230,028 11,223,715 11,228,116 11,187,550 Dilutive shares 1,793 — 6,982 — Diluted weighted-average common shares outstanding 11,231,821 11,223,715 11,235,098 11,187,550 Net income (loss) per share from continuing operations - Basic: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from discontinued operations - Basic: — (0.00) (0.00) (0.00) Net income (loss) per share - Basic: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from continuing operations - Diluted: $ 0.52 $ (0.06) $ 0.79 $ (0.24) Net income (loss) per share from discontinued operations - Diluted: — (0.00) (0.00) (0.00) Net income (loss) per share - Diluted: $ 0.52 $ (0.06) $ 0.79 $ (0.24)

Stock Based Compensation (Table

Stock Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2020
Schedule of vesting for unvested options	Unvested options as of September 30 , 2020, will vest as follows: 2020 (excluding nine months ended September 30, 2020) — 2021 45,319 Total unvested options as of September 30, 2020 45,319
Summary of changes in outstanding restricted stock units	Weighted- Average Weighted- Remaining Average Amortization Grant-Date Period Units Fair Value (in Years) Outstanding as of December 31, 2019 7,347 $ 22.49 Vested (7,144) 22.51 Forfeited (203) 21.75 Outstanding as of September 30, 2020 — $ — -
Omnibus Plan
Summary of outstanding and exercisable stock options	Weighted- Weighted- Average Average Remaining Exercise Contractual Term Options Price (in Years) Outstanding as of December 31, 2019 793,084 $ Forfeited (86,712) $ Outstanding as of September 30, 2020 706,372 $ 6.69 Options vested and exercisable as of September 30, 2020 661,053 $ 6.62 Options vested and expected to vest as of September 30, 2020 706,372 $ 6.69
Summary of activity in non-vested stock options	Weighted-Average Options Grant-Date Fair Value Unvested as of December 31, 2019 250,571 $ 1.90 Forfeited (16,028) 2.33 Vested (189,224) 2.05 Unvested as of September 30, 2020 45,319 $ 1.10

Segment Reporting (Tables)

Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2020
Segment Reporting
Schedule of revenue and EBITDA of the company's reportable segments	Net Sales Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Debit and Credit $ 62,710 $ 51,502 $ 180,855 $ 151,517 Prepaid Debit 20,604 20,452 48,680 53,162 Other — — — 1,679 Intersegment eliminations (612) (273) (1,486) (910) Total $ 82,702 $ 71,681 $ 228,049 $ 205,448 EBITDA Three Months Ended September 30, Nine Months Ended September 30, 2020 2019 2020 2019 Debit and Credit $ 16,993 $ 11,249 $ 45,073 $ 31,992 Prepaid Debit 8,332 8,342 16,974 20,001 Other (7,836) (7,551) (23,757) (19,292) Total $ 17,489 $ 12,040 $ 38,290 $ 32,701
Schedule of reconciliation of total segment EBITDA to income before taxes	Three Months Ended Nine Months Ended September 30, September 30, 2020 2019 2020 2019 Total segment EBITDA from continuing operations $ 17,489 $ 12,040 $ 38,290 $ 32,701 Interest, net (6,298) (6,085) (19,158) (18,847) Income tax benefit (expense) (1,402) (2,258) 2,178 (3,618) Depreciation and amortization (3,980) (4,326) (12,436) (12,942) Net income (loss) from continuing operations $ 5,809 $ (629) $ 8,874 $ (2,706)
Schedule of total assets of the company's reportable segments	September 30, 2020 December 31, 2019 Debit and Credit $ 209,579 $ 176,020 Prepaid Debit 32,498 25,259 Other 11,611 11,732 Total assets $ 253,688 $ 213,011

Business Overview and Summary_3

Business Overview and Summary of Significant Accounting Policies - Business Overview and Basis of Presentation (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2019	Dec. 31, 2019
Business Overview and Summary of Significant Accounting Policies
Proceeds from Divestiture of Interest in Subsidiaries and Affiliates		$ 1,451
Reclassification of cumulative translation adjustment from accumulated other comprehensive income	$ 1,329

Business Overview and Summary_4

Business Overview and Summary of Significant Accounting Policies - Adjustment of Prior Financial Statements for Immaterial Items (Details) $ in Thousands	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2020USD ($)	Jun. 30, 2020USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2020USD ($)item	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)
Adjustment of Prior Period Financial Statements for Immaterial Items
Selling, general and administrative	$ 15,617		$ 16,104	$ 48,893	$ 49,541
Cost of goods and services sold	$ 2,472		2,813	$ 7,938	8,403
Revision of 2017 Through 2020 Immaterial Errors
Adjustment of Prior Period Financial Statements for Immaterial Items
Number of immaterial items corrected | item				2
Revision of 2017 Through 2020 Immaterial Errors | Revision of Prior Period Error Correction Adjustment
Adjustment of Prior Period Financial Statements for Immaterial Items
Selling, general and administrative		$ 2,200	168	$ 293	396	$ 1,907
Cost of goods and services sold			$ 62	$ 124	$ 187	$ 476
Sales tax payable		2,700
Sales tax collection receivable		$ 500

Net Sales (Details)

Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Disaggregation of Revenue
Net Sales	$ 82,702	$ 71,681	$ 228,049	$ 205,448
Operating Segments | Debit and Credit
Disaggregation of Revenue
Net Sales	62,710	51,502	180,855	151,517
Operating Segments | Prepaid Debit
Disaggregation of Revenue
Net Sales	20,604	20,452	48,680	53,162
Operating Segments | Other
Disaggregation of Revenue
Net Sales				1,679
Intersegment eliminations
Disaggregation of Revenue
Net Sales	(612)	(273)	(1,486)	(910)
Products
Disaggregation of Revenue
Net Sales	43,462	33,963	125,040	99,845
Products | Operating Segments | Debit and Credit
Disaggregation of Revenue
Net Sales	44,056	34,218	126,507	100,338
Products | Operating Segments | Other
Disaggregation of Revenue
Net Sales				397
Products | Intersegment eliminations
Disaggregation of Revenue
Net Sales	(594)	(255)	(1,467)	(890)
Services
Disaggregation of Revenue
Net Sales	39,240	37,718	103,009	105,603
Services | Operating Segments | Debit and Credit
Disaggregation of Revenue
Net Sales	18,654	17,284	54,348	51,179
Services | Operating Segments | Prepaid Debit
Disaggregation of Revenue
Net Sales	20,604	20,452	48,680	53,162
Services | Operating Segments | Other
Disaggregation of Revenue
Net Sales				1,282
Services | Intersegment eliminations
Disaggregation of Revenue
Net Sales	$ (18)	$ (18)	$ (19)	$ (20)

Discontinued Operation (Details

Discontinued Operation (Details)	Aug. 03, 2018facility
U.K. Limited | Sold
Discontinued Operation and Disposition
Number Of Facilities Sold	3

Accounts Receivable (Details)

Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accounts Receivable
Trade accounts receivable	$ 50,971	$ 39,004
Unbilled accounts receivable	8,413	4,223
Accounts receivable, gross	59,384	43,227
Less allowance for doubtful accounts	(291)	(395)
Accounts receivable, net	$ 59,093	$ 42,832

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Inventories
Raw materials	$ 18,025	$ 16,492
Finished goods	4,623	5,047
Inventory reserve	(2,482)	(1,347)
Inventory	$ 20,166	$ 20,192

Plant, Equipment, Leasehold I_3

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	$ 82,868		$ 82,868		$ 80,577
Less accumulated depreciation an amortization	(52,054)		(52,054)		(45,277)
Operating lease right-of-use assets, net of accumulated amortization	4,659		4,659		6,312
Total property, equipment and leasehold improvements, net	35,473		35,473		41,612
Depreciation	2,831	$ 3,167	8,989	$ 9,455
Machinery and equipment
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	53,224		53,224		52,212
Machinery and equipment under financing leases
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	9,874		9,874		8,256
Furniture, fixtures and computer equipment
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	4,171		4,171		4,749
Leasehold improvements
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	14,941		14,941		14,905
Construction in progress
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	$ 658		$ 658		$ 455

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Intangible Assets
Intangible amortization expense	$ 1,149	$ 1,159	$ 3,447	$ 3,487
Intangible assets subject to amortization, Gross Book Value	66,376		66,376		$ 66,376
Intangible assets subject to amortization, Accumulated Amortization	(39,021)		(39,021)		(35,574)
Intangible assets subject to amortization, Net Book Value	27,355		$ 27,355		30,802
Customer relationships
Intangible Assets
Weighted Average Life			17 years 2 months 12 days
Intangible assets subject to amortization, Gross Book Value	55,454		$ 55,454		55,454
Intangible assets subject to amortization, Accumulated Amortization	(31,323)		(31,323)		(28,865)
Intangible assets subject to amortization, Net Book Value	24,131		$ 24,131		26,589
Technology and software
Intangible Assets
Weighted Average Life			8 years
Intangible assets subject to amortization, Gross Book Value	7,101		$ 7,101		7,101
Intangible assets subject to amortization, Accumulated Amortization	(5,649)		(5,649)		(4,952)
Intangible assets subject to amortization, Net Book Value	1,452		$ 1,452		2,149
Trademarks
Intangible Assets
Weighted Average Life			8 years 8 months 12 days
Intangible assets subject to amortization, Gross Book Value	3,330		$ 3,330		3,330
Intangible assets subject to amortization, Accumulated Amortization	(1,558)		(1,558)		(1,266)
Intangible assets subject to amortization, Net Book Value	1,772		$ 1,772		2,064
Non-compete agreements
Intangible Assets
Weighted Average Life			5 years
Intangible assets subject to amortization, Gross Book Value	491		$ 491		491
Intangible assets subject to amortization, Accumulated Amortization	$ (491)		$ (491)		$ (491)

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets - Future Aggregate Amortization Expense (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Estimated future aggregate amortization expense
2020 (excluding the nine months ended September 30, 2020)	$ 1,148
2021	4,352
2022	3,867
2023	3,867
2024	3,530
Thereafter	10,591
Intangible assets subject to amortization, Net Book Value	$ 27,355	$ 30,802

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
First Lien Credit Facility
Liabilities:
Carrying amount	$ 312,500	$ 312,500
First Lien Credit Facility | Term Loan
Liabilities:
Carrying amount	312,500	312,500
Long-term debt	275,391	234,375
First Lien Credit Facility | Level 2 | Term Loan
Liabilities:
Long-term debt	275,391	$ 234,375
Senior Credit Facility | Term Loan
Liabilities:
Carrying amount	30,000
Long-term debt	30,000
Senior Credit Facility | Level 3 | Term Loan
Liabilities:
Long-term debt	$ 30,000

Accrued Liabilities (Details)

Accrued Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Accrued Liabilities
Accrued payroll and related employee expenses	$ 5,152	$ 3,954
Accrued employee performance bonus	3,717	3,920
Employer payroll tax, including social security deferral	2,008	368
Accrued rebates	3,931	1,573
Sales tax liability	2,100	1,907
Accrued interest	4,137	4,951
Operating and financing lease liability (current portion)	4,901	4,494
Other	3,581	3,568
Total accrued expenses	$ 29,527	$ 24,735

Financing and Operating Lease_2

Financing and Operating Leases - Components of Operating and Finance Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Operating lease cost:
Total operating lease costs	$ 664	$ 659	$ 2,006	$ 1,967
Finance lease cost:
Right-of-use amortization expense	326	273	982	574
Interest on lease liabilities	110	98	356	160
Total financing lease cost	$ 436	$ 371	$ 1,338	$ 734

Financing and Operating Lease_3

Financing and Operating Leases - Operating and Financing Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019	Jan. 01, 2019
Leases
Operating lease right-of-use assets, net of amortization	$ 4,659	$ 6,312
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, Equipment and Operating Lease Right-of-Use Asset
Operating lease liability (current)	$ 2,489	2,283
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current
Long-term operating liability	$ 2,773	5,067
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 5,262	7,350
Property, equipment and leasehold improvements	82,868	80,577
Accumulated depreciation	(52,054)	(45,277)
Total property, equipment and leasehold improvements, net	35,473	41,612
Financing lease liability (current)	$ 2,412	2,211
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current
Long-term financing liability	$ 3,500	3,886
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent
Total financing lease liabilities	$ 5,912	6,097
Adjustment | Accounting Standards Update 2016-02
Leases
Operating lease right-to-use assets			$ 8,025
Total operating lease liabilities			$ 8,813
Financing leases
Leases
Property, equipment and leasehold improvements	9,874	8,256
Accumulated depreciation	(2,072)	(1,094)
Total property, equipment and leasehold improvements, net	$ 7,802	$ 7,162
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, Equipment and Operating Lease Right-of-Use Asset

Financing and Operating Lease_4

Financing and Operating Leases - Lease Maturity (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Operating Leases
2020 (excluding nine months ended September 30, 2020)	$ 744
2021	2,632
2022	1,150
2023	823
2024	582
Total operating lease payment	5,931
Less imputed interest	(669)
Total operating lease liabilities	5,262	$ 7,350
Financing Leases
2020 (excluding nine months ended September 30, 2020)	711
2021	2,470
2022	1,983
2023	1,032
2024	258
Thereafter	2
Total financing lease payment	6,456
Less imputed interest	(544)
Total financing lease liabilities	$ 5,912	$ 6,097

Long-Term Debt - Long-Term Debt

Long-Term Debt - Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Long-term Debt
Unamortized discount	$ (2,312)	$ (1,770)
Unamortized deferred financing costs	(4,429)	(2,952)
Total long-term debt	335,759	307,778
Long-term debt, net of current maturities	$ 335,759	$ 307,778
Senior Credit Facility
Long-term Debt
Interest rate (as a percent)	9.50%
Long-term debt	$ 30,000
First Lien Credit Facility
Long-term Debt
Interest rate (as a percent)	5.50%	6.71%
Long-term debt	$ 312,500	$ 312,500

Long-Term Debt - First Lien Cre

Long-Term Debt - First Lien Credit Facility (Details)	Mar. 06, 2020USD ($)item	Mar. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)	Aug. 17, 2015USD ($)
First Lien Credit Facility
Long-term Debt
Long-term debt			$ 312,500,000	$ 312,500,000
First Lien Credit Facility | Eurodollar rate
Long-term Debt
Applicable margin over reference rate (as a percent)			4.50%
First Lien Credit Facility | Eurodollar rate | Minimum
Long-term Debt
Interest rate (as a percent)			1.00%
First Lien Credit Facility | Base rate
Long-term Debt
Applicable margin over reference rate (as a percent)			3.50%
First Lien Credit Facility | Term Loan
Long-term Debt
Maximum borrowing capacity					$ 435,000,000
Long-term debt			$ 312,500,000	$ 312,500,000
First Lien Credit Facility | Revolving Credit Facility
Long-term Debt
Maximum borrowing capacity					$ 40,000,000
Senior Credit Facility
Long-term Debt
Aggregate principal amount	$ 30,000
Discount on financing costs		$ 1,400,000
Financing costs		$ 3,215,000
Senior Credit Facility | Eurodollar rate | Minimum
Long-term Debt
Interest rate (as a percent)	1.00%
Senior Credit Facility | Term Loan
Long-term Debt
The number of consecutive fiscal quarters | item	4
Senior Credit Facility | Term Loan | Minimum
Long-term Debt
Required EBITDA	$ 25,000,000,000
Ownership percentage required or loan becomes due	30.00%
Percentage of lenders approval required for certain proposed changes to the Senior Credit Facility	50.00%
Senior Credit Facility | Term Loan | Maximum
Long-term Debt
Ownership percentage sold or disposed of that would result in loan becoming due	25.00%
Senior Credit Facility | Term Loan | Eurodollar rate
Long-term Debt
Applicable margin over reference rate (as a percent)	8.50%
Senior Credit Facility | Term Loan | Base rate
Long-term Debt
Applicable margin over reference rate (as a percent)	7.50%
Tricor funds | Senior Credit Facility | Term Loan
Long-term Debt
Ownership percentage			37.00%	22.00%

Income Taxes - Continuing Ope_3

Income Taxes - Continuing Operations - (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Income Taxes - Continuing Operations
Income tax (expense) benefit	$ (1,402)	$ (2,258)	$ 2,178	$ (3,618)
Income (loss) before income taxes	$ 7,211	$ 1,629	$ 6,696	$ 912
Operating Loss Carryforwards, Period			5 years

Income Taxes _ Continuing Opera

Income Taxes – Continuing Operations - Effective Income Tax Rate Reconciliation (Details)	9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019
Effective Income Tax Rate Reconciliation
Tax at federal statutory rate (as a percent)	21.00%	21.00%
State taxes, net (as a percent)	7.40%	62.30%
Valuation allowance (as a percent)	(18.10%)	290.20%
Permanent items (as a percent)	7.20%	6.50%
Tax benefit CARES Act (as a percent)	(54.70%)
Other (as a percent)	4.70%	16.70%
Effective income tax rate (as a percent)	(32.50%)	396.70%

Stockholders' Deficit (Details)

Stockholders' Deficit (Details)	Sep. 30, 2020item$ / shares	Dec. 31, 2019$ / shares
Stockholders' Deficit
Common shares, par value (in dollars per share) | $ / shares	$ 0.001	$ 0.001
Common Stock
Class of Stock
Voting rights per share | item	1

Income (Loss) per Share (Detail

Income (Loss) per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Numerator:
Net income (loss) from continuing operations	$ 5,809	$ (629)	$ 8,874	$ (2,706)
Net (loss) income from discontinued operation		(28)	(30)	(16)
Net income (loss)	$ 5,809	$ (657)	$ 8,844	$ (2,722)
Denominator:
Basic weighted-average common shares outstanding (in shares)	11,230,028	11,223,715	11,228,116	11,187,550
Dilutive shares	1,793		6,982
Weighted Average Number of Shares Outstanding, Diluted, Total	11,231,821	11,223,715	11,235,098	11,187,550
Basic net income (loss) per share from continuing operations (in dollar per share)	$ 0.52	$ (0.06)	$ 0.79	$ (0.24)
Basic income (loss) per share - discontinued operations (in dollar per share)		0	0	0
Basic income (loss) per share (in dollar per share)	0.52	(0.06)	0.79	(0.24)
Diluted net income (loss) per share from continuing operations (in dollar per share)	0.52	(0.06)	0.79	(0.24)
Dilutive income (loss) per share - discontinued operations (in dollar per share)		0	0	0
Diluted income (loss) per share (in dollar per share)	$ 0.52	$ (0.06)	$ 0.79	$ (0.24)
Stock Options
Outstanding stock based awards
Potential dilutive effect of share-based compensation excluded (in shares)		840,819		840,819
Restricted stock units
Outstanding stock based awards
Potential dilutive effect of share-based compensation excluded (in shares)		9,256		9,256

Commitments and Contingencies_2

Commitments and Contingencies: Litigation Settlement - Contingencies (Details) $ in Thousands	Dec. 18, 2019USD ($)	Jun. 30, 2015plaintiff	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Commitments and Contingencies
Loss contingency accrual			$ 0	$ 0
Sales tax liability			2,100	$ 1,907
Pending Litigation
Commitments and Contingencies
Sales tax liability			2,100
Heckermann Montross Suit | Settled Litigation
Commitments and Contingencies
Settlement expense	$ 343
CPI Card Group Inc. v. Multi Packaging Solutions, Inc., et al. Second Case | Settled Litigation
Commitments and Contingencies
Number of purported shareholders that have filed lawsuits | plaintiff		2
Proceeds from settlements			$ 6,000

Stock Based Compensation - Omni

Stock Based Compensation - Omnibus Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	Sep. 25, 2017	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019	Oct. 31, 2015
Cash Performance
Stock based compensation
Vesting period				3 years
Omnibus Plan
Weighted-Average Grant Date Fair Value
Compensation expense		$ 25	$ 9	$ 84	$ 317
Omnibus Plan | Stock Options
Stock based compensation
Number of shares authorized	1,200,000						800,000
Number of additional shares authorized	400,000
Number of shares available for grant		365,967		365,967
Stock options granted (in shares)				0		0
Number of shares
Balance at beginning of year (in shares)				793,084
Granted (in shares)				0		0
Forfeited (in shares)				(86,712)
Balance at end of year (in shares)		706,372		706,372		793,084
Options: Options vested and exercisable		661,053		661,053
Options: Options vested and expected to vest		706,372		706,372
Weighted-Average Exercise Price
Balance at beginning of year (in dollars per share)				$ 14.91
Forfeited (in dollars per share)				12.61
Balance at end of year (in dollars per share)		$ 15.20		15.20		$ 14.91
Weighted-Average Exercise Price: Options vested and exercisable		16.08		16.08
Weighted-Average Exercise Price: Options vested and expected to vest		$ 15.20		$ 15.20
Weighted- Average Remaining Contractual Term (in Years)
Balance (in years)				6 years 8 months 9 days
Weighted-Average Remaining Contractual Term (in Years): Options vested and exercisable				6 years 7 months 13 days
Weighted-Average Remaining Contractual Term (in Years): Options vested and expected to vest				6 years 8 months 9 days
Number of unvested options scheduled to vest
Non-Vested Options as of beginning of period				250,571
Granted (in shares)				0		0
Forfeited (in shares)				(16,028)
Vested (in shares)				(189,224)
Non-Vested Options as of end of period		45,319		45,319		250,571
Weighted-Average Grant Date Fair Value
Non-Vested, beginning balance				$ 1.90
Forfeited: Weighted-Average Grant Date Fair Value				2.33
Vested: Weighted-Average Grant Date Fair Value				2.05
Non-Vested, ending balance		$ 1.10		$ 1.10		$ 1.90
2021 | Omnibus Plan | Stock Options
Number of unvested options scheduled to vest
Non-Vested Options as of end of period		45,319		45,319

Stock Based Compensation - Rest

Stock Based Compensation - Restricted Stock Units (Details) - Omnibus Plan - USD ($) $ / shares in Units, $ in Thousands	Oct. 02, 2020	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Weighted Average Grant Date Fair Value
Compensation expense		$ 25	$ 9	$ 84	$ 317
Restricted stock units
Number of Restricted Stock Units
Units outstanding at the beginning of the period (in shares)				7,347
Granted (in shares)	180,001			0		0
Vested (in shares)				(7,144)
Forfeited (in shares)				(203)
Units outstanding at the end of the period (in shares)						7,347
Weighted Average Grant Date Fair Value
Units outstanding at the beginning of the period (in dollars per shares)				$ 22.49
Vested (in dollars per share)				22.51
Forfeited (in dollars per share)				$ 21.75
Units outstanding at the end of the period (in dollars per shares)						$ 22.49
Vesting period	2 years
Unvested restricted stock (in units)				7,347		7,347

Stock Based Compensation - Cash

Stock Based Compensation - Cash Performance Units (Details) - Cash Performance - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2020	Dec. 31, 2017
Number of Cash Performance Units
Granted (in shares)		932,837
Units outstanding at the end of the period (in shares)	0
Cash payments made	$ 68
Vesting period	3 years
Weighted average grant date fair value		$ 663

Stock Based Compensation - Opti

Stock Based Compensation - Option Plan (Details) - Stock Options - Option Plan - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2019
Stock based compensation
Compensation expense	$ 0	$ 0	$ 0	$ 0
Number of shares
Stock options granted (in shares)			0		0
Shares outstanding	0		0		0

Segment Reporting - Revenue and

Segment Reporting - Revenue and EBITDA from Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Segment Reporting
Revenue	$ 82,702	$ 71,681	$ 228,049	$ 205,448
EBITDA	17,489	12,040	38,290	32,701
Debit and Credit
Segment Reporting
EBITDA	16,993	11,249	45,073	31,992
Prepaid Debit
Segment Reporting
EBITDA	8,332	8,342	16,974	20,001
Other
Segment Reporting
EBITDA	(7,836)	(7,551)	(23,757)	(19,292)
Operating Segments | Debit and Credit
Segment Reporting
Revenue	62,710	51,502	180,855	151,517
Operating Segments | Prepaid Debit
Segment Reporting
Revenue	20,604	20,452	48,680	53,162
Operating Segments | Other
Segment Reporting
Revenue				1,679
Intersegment eliminations
Segment Reporting
Revenue	$ (612)	$ (273)	$ (1,486)	$ (910)

Segment Reporting - Reconciliat

Segment Reporting - Reconciliation of EBITDA from Continuing Operations to "Net income (loss) from continuing operations" (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Sep. 30, 2020	Sep. 30, 2019
Reconciliation of total segment EBITDA to income before taxes
Total segment EBITDA from continuing operations	$ 17,489	$ 12,040	$ 38,290	$ 32,701
Interest, net	(6,298)	(6,085)	(19,158)	(18,847)
Income tax (expense) benefit	(1,402)	(2,258)	2,178	(3,618)
Depreciation and amortization	(3,980)	(4,326)	(12,436)	(12,942)
Net income (loss) from continuing operations	$ 5,809	$ (629)	$ 8,874	$ (2,706)

Segment Reporting - Balance She

Segment Reporting - Balance Sheet Data (Details) - USD ($) $ in Thousands	Sep. 30, 2020	Dec. 31, 2019
Segment Reporting
Total assets	$ 253,688	$ 213,011
Debit and Credit
Segment Reporting
Total assets	209,579	176,020
Prepaid Debit
Segment Reporting
Total assets	32,498	25,259
Other
Segment Reporting
Total assets	$ 11,611	$ 11,732