EVO Payments (EVOP) 10-Q 2 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	Apr. 25, 2019
Entity Registrant Name	EVO Payments, Inc.
Entity Central Index Key	0001704596
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Class A Common Stock
Entity Common Stock, Shares Outstanding		32,275,414
Class B Common Stock
Entity Common Stock, Shares Outstanding		35,413,538
Class C Common Stock
Entity Common Stock, Shares Outstanding		2,445,055
Class D Common Stock
Entity Common Stock, Shares Outstanding		11,794,116

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 221,083	$ 350,697
Accounts receivable, net	12,094	13,248
Other receivables	57,650	56,518
Due from related parties	1,308	1,871
Inventory	9,515	8,867
Settlement processing assets	630,744	248,330
Other current assets	12,907	11,817
Total current assets	945,301	691,348
Equipment and improvements, net	98,037	103,046
Goodwill	351,806	353,011
Intangible assets, net	276,543	290,139
Investment in unconsolidated investees	1,896	1,753
Due from related parties	797	915
Deferred tax asset	74,972	72,296
Other assets	20,044	21,879
Total assets	1,769,396	1,534,387
Current liabilities:
Settlement lines of credit	50,329	41,819
Current portion of long-term debt	7,723	7,191
Accounts payable	51,177	48,935
Accrued expenses	108,172	112,281
Settlement processing obligations	680,736	428,328
Due to related parties	3,690	4,824
Total current liabilities	901,827	643,378
Long-term debt, net of current portion	677,687	676,865
Due to related parties	385	385
Deferred tax liability	13,378	13,519
Tax receivable agreement obligations, inclusive of related party liability of $39.4 million and $40.7 million at March 31, 2019 and December 31, 2018, respectively.	48,930	47,221
ISO reserves	2,710	2,684
Other long-term liabilities	2,619	2,924
Total liabilities	1,647,536	1,386,976
Commitments and contingencies
Redeemable non-controlling interests	1,163,203	1,010,093
Shareholders' deficit:
Additional paid-in capital	139,425	178,176
Accumulated deficit attributable to Class A common stock	(328,657)	(223,799)
Accumulated other comprehensive loss	(4,040)	(2,993)
Total EVO Payments, Inc. shareholders' deficit	(193,264)	(48,608)
Nonredeemable non-controlling interests	(848,079)	(814,074)
Total deficit	(1,041,343)	(862,682)
Total liabilities and deficit	1,769,396	1,534,387
Class A Common Stock
Shareholders' deficit:
Common stock	3	3
Class B Common Stock
Shareholders' deficit:
Common stock	4	4
Class C Common Stock
Shareholders' deficit:
Common stock
Class D Common Stock
Shareholders' deficit:
Common stock	$ 1	$ 1

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Tax receivable agreement, related party	$ 39.4	$ 40.7
Class A Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	200,000,000	200,000,000
Common stock shares issued (in shares)	26,514,112	26,025,189
Common stock shares outstanding (in shares)	26,514,112	26,025,189
Class B Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	40,000,000	40,000,000
Common stock shares issued (in shares)	35,913,538	35,913,538
Common stock shares outstanding (in shares)	35,913,538	35,913,538
Class C Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	4,000,000	4,000,000
Common stock shares issued (in shares)	2,560,955	2,461,055
Common stock shares outstanding (in shares)	2,461,055	2,449,055
Class D Common Stock
Shareholders'/members' equity (deficit):
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock shares authorized (in shares)	32,000,000	32,000,000
Common stock shares issued (in shares)	16,306,954	16,785,552
Common stock shares outstanding (in shares)	16,306,954	16,785,552

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Consolidated Statements of Operations and Comprehensive Loss
Revenue	$ 111,518	$ 128,282
Operating expenses:
Cost of services and products, exclusive of depreciation and amortization shown separately below	24,083	44,513
Selling, general and administrative	66,422	59,613
Depreciation and amortization	22,745	19,887
Impairment of intangible assets	6,632
Total operating expenses	119,882	124,013
(Loss) income from operations	(8,364)	4,269
Other (expense) income:
Interest income	675	484
Interest expense	(11,652)	(15,310)
Income from investment in unconsolidated investees	216	515
Other (expense) income, net	1,094	(555)
Total other (expense) income	(9,667)	(14,866)
(Loss) income before income taxes	(18,031)	(10,597)
Income tax expense	(988)	(4,428)
Net (loss) income	(19,019)	(15,025)
Less: Net income attributable to non-controlling interests in consolidated entities	(582)	(768)
Net (loss) income attributable to EVO Investco, LLC		(15,793)
Less: Net loss attributable to non-controlling interests of EVO Investco, LLC	14,311
Net loss attributable to EVO Payments, Inc.	$ (5,290)
Earnings per share
Basic (in dollars per share)	$ (0.20)
Diluted (in dollars per share)	$ (0.20)
Weighted average Class A common stock outstanding
Basic (in shares)	26,365,552
Diluted (in shares)	26,365,552
Comprehensive (loss) income:
Net (loss) income	$ (19,019)	(15,025)
Unrealized (loss) gain on defined benefit pension plan, net of tax	3
Unrealized (loss) gain on foreign currency translation adjustment, net of tax	(2,479)	18,983
Other comprehensive (loss) income	(2,476)	18,983
Comprehensive (loss) income	(21,495)	3,958
Less: Comprehensive income attributable to non-controlling interests in consolidated entities	573	(2,111)
Comprehensive income (loss) attributable to EVO Investco, LLC		$ 1,847
Less: Other comprehensive loss attributable to non-controlling interests of EVO Investco, LLC	15,332
Comprehensive loss attributable to EVO Payments, Inc.	$ (5,590)

Consolidated Statements of Op_2

Consolidated Statements of Operations and Comprehensive Loss (Parenthetical) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Unrealized (loss) gain on foreign currency translation adjustment, tax	$ 0.7
Maximum
Unrealized (loss) gain on defined benefit pension plan, tax	$ 0.1

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Thousands	EVO Payments, Inc. (deficit)/equity	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Common StockClass D Common Stock	Member UnitsClass A Units	Member UnitsClass B Units	Member UnitsClass C Units	Member UnitsClass D Units	Member UnitsClass E Units	Additional paid-in capital	Accumulated deficit	Accumulated deficit attributable to Class A common stock	Accumulated other comprehensive loss	Nonredeemable non-controlling interests	Total
Beginning balance at Dec. 31, 2017	$ (169,843)					$ 54,453		$ 9,463		$ 71,250		$ (237,330)		$ (67,679)	$ 3,312	$ (166,531)
Beginning balance (in units) at Dec. 31, 2017						6,374	3,506	375	1,107	1,012
Shareholders'/members' equity (deficit)
Net (loss) income	(15,793)											(15,793)			157	(15,636)
Foreign currency translation adjustment	18,983													18,983		18,983
Acquisition of additional shares in consolidated subsidiary	(20,925)											(20,925)			(1,139)	(22,064)
Redeemable non-controlling interests adjustment	(1,602)											(1,602)				(1,602)
Distributions	(10)											(10)			(1,169)	(1,179)
Ending balance at Mar. 31, 2018	(189,190)					$ 54,453		$ 9,463		$ 71,250		(275,660)		(48,696)	1,161	(188,029)
Ending balance (in units) at Mar. 31, 2018						6,374	3,506	375	1,107	1,012
Beginning balance at Dec. 31, 2017																148,266
Redeemable non-controlling interests
Net (loss) income																611
Foreign currency translation and other adjustments																1,344
Redeemable non-controlling interests adjustment																1,602
Distributions																(2,985)
Ending balance at Mar. 31, 2018																148,838
Beginning balance at Dec. 31, 2017																(18,265)
Total equity
Net (loss) income																(15,025)
Foreign currency translation and other adjustments																20,327
Acquisition of additional shares in a consolidated subsidiary																(22,064)
Distributions																(4,164)
Ending balance at Mar. 31, 2018																(39,191)
Beginning balance at Dec. 31, 2017	(169,843)					$ 54,453		$ 9,463		$ 71,250		$ (237,330)		(67,679)	3,312	(166,531)
Beginning balance (in units) at Dec. 31, 2017						6,374	3,506	375	1,107	1,012
Beginning balance at Dec. 31, 2017																148,266
Ending balance at May. 23, 2018																689,569
Beginning balance at Dec. 31, 2017																(18,265)
Ending balance at Dec. 31, 2018	(48,608)	$ 3	$ 4		$ 1						$ 178,176		$ (223,799)	(2,993)	(814,074)	(862,682)
Ending balance (in shares) at Dec. 31, 2018		26,025	35,914	2,461	16,786
Ending balance at Dec. 31, 2018																1,010,093
Ending balance at Dec. 31, 2018																147,411
Shareholders'/members' equity (deficit)
Prior period adjustment	(20,629)										(20,629)				20,629
Net (loss) income	(5,290)												(5,290)		(4,797)	(10,087)
Foreign currency translation adjustment																(2,479)
Defined benefit pension plan																3
Distributions															(15)	(15)
Vesting of equity awards	(129)										(129)					(129)
Deferred taxes in connection with share conversions	121										121					121
Deferred taxes in connection with share conversions (in shares)		(2)
Tax receivable agreement obligations in connection with the Reorganization Transactions	334										334					334
Cumulative translation adjustment subsequent to the Reorganization Transactions	(1,047)													(1,047)	404	(643)
eService redeemable non-controlling interest fair value adjustment	(646)												(646)		(457)	(1,103)
Share-based compensation	1,845										1,845					1,845
Exchange of Class D common stock for Class A common stock	(20,293)										(20,293)				20,293
Exchange of Class D common stock for Class A common stock (in shares)		491		(12)	(479)
Blueapple redeemable non-controlling interest subsequent to the Reorganization Transactions	(98,922)												(98,922)		(70,062)	(168,984)
Ending balance at Mar. 31, 2019	$ (193,264)	$ 3	$ 4		$ 1						$ 139,425		$ (328,657)	$ (4,040)	$ (848,079)	(1,041,343)
Ending balance (in shares) at Mar. 31, 2019		26,514	35,914	2,449	16,307
Redeemable non-controlling interests
Net (loss) income																(8,932)
Cumulative translation adjustment prior to Reorganization Transactions																(2,580)
Distributions																(5,465)
eService redeemable non-controlling interest fair value adjustment																1,103
Blueapple redeemable non-controlling interest subsequent to the Reorganization Transactions																168,984
Ending balance at Mar. 31, 2019																1,163,203
Total equity
Net (loss) income																(19,019)
Cumulative translation adjustment prior to Reorganization Transactions																(3,223)
Distributions																(5,480)
Vesting of equity awards																(129)
Deferred taxes in connection with share conversions																121
Tax receivable agreement in connection with the Reorganization Transaction, and subsequent conversions of shares of Class C common stock and Class D common stock																334
Share-based compensation																1,845
Ending balance at Mar. 31, 2019																$ 121,860

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash flows from operating activities:
Net (loss) income	$ (19,019)	$ (15,025)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization	22,745	19,887
Amortization of deferred financing costs	673	848
Fair value of contingent consideration	1,953
Share-based compensation expense	1,845
Impairment of intangible assets	6,632
Deferred taxes	(544)	1,787
Other	449	342
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net	1,187	4,884
Other receivables	(612)	(6,700)
Inventory	(758)	1,874
Other current assets	(1,143)	(1,449)
Other assets	88	665
Related parties	246	(3,983)
Accounts payable	1,616	(16,897)
Accrued expenses	(5,895)	15,420
Settlement processing funds, net	(129,102)	(2,754)
Other	26	58
Net cash used in operating activities	(119,613)	(1,043)
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(3,030)
Purchase of equipment and improvements	(6,503)	(8,590)
Acquisition of intangible assets	(1,660)	(2,902)
Issuance of notes receivable		(20)
Collections of notes receivable	1,400	13
Net cash used in investing activities	(9,793)	(11,499)
Cash flows from financing activities:
Proceeds from long-term debt	126,597	260,400
Repayments of long-term debt	(117,713)	(210,636)
Deferred financing costs paid	(2)	(150)
Contingent consideration paid	(331)	(141)
Deferred cash consideration paid		(5,000)
Consideration paid for additional shares in a consolidated subsidiary		(16,916)
Distribution to non-controlling interests holders	(5,480)	(3,564)
Tax withholdings related to net share settlement of share-based payments	(130)
Distribution to members		(10)
Net cash provided by financing activities	2,941	23,983
Effect of exchange rate changes on cash and cash equivalents	(3,149)	3,486
Net (decrease) increase in cash and cash equivalents	(129,614)	14,927
Cash and cash equivalents, beginning of year	350,697	205,142
Cash and cash equivalents, end of year	$ 221,083	$ 220,069

Revenue

Revenue	3 Months Ended
	Mar. 31, 2019
Revenue
Revenue	(2) Revenue The Company primarily earns revenue from payment processing services, and has contractual agreements with its customers that set forth the general terms and conditions of the service relationship, including line item pricing, payment terms and contract duration. Payment processing service revenue is based on a percentage of transaction value and on specified amounts per transaction or service, and is measured as the amount of consideration to which the Company expects to be entitled in exchange for providing services. The Company’s core performance obligation is to stand ready to provide continuous access to the Company’s processing services in order to be able to process as many transactions as its customers require on a daily basis over the contract term as the timing and quantity of transactions to be processed is not determinable. Under a stand-ready obligation, the Company’s performance obligation is defined by each time increment rather than by the underlying activities satisfied over time based on days elapsed. Because the service of standing ready is substantially the same each day and has the same pattern of transfer to the customer, the Company has determined that its stand-ready performance obligation comprises a series of distinct days of service. The Company also earns revenue from the sale and rental of electronic point-of-sale (“POS”) equipment. The sale of equipment to a customer represents the transfer of a promised good that has a benefit to the customer in conjunction with the payment processing services provided by the Company and, therefore, is accounted for as a separate performance obligation. The Company’s contractual agreements outline the pricing related to payment processing services and pricing related to the sale or rental of POS equipment. The Company allocates the variable fees charged for payment processing services to the day in which it has the contractual right to bill under the contract. Revenue from the sale of POS equipment is recognized at a point in time when the POS equipment is shipped and title passes to the customer. Revenue from the rental of electronic POS equipment is recognized monthly as earned. The revenue recognized from the sale and rental of POS equipment totaled $9.7 million and $10.3 million for the three months ended March 31, 2019 and 2018, respectively. Commissions payable to referral and reseller partners are recognized as incurred. The Company does not capitalize costs to obtain contracts with customers or costs incurred to fulfill contracts with customers as such amounts are considered immaterial. The Company follows the requirements of ASC 606-10, Principal Agent Considerations , which states that the determination of whether a company should recognize revenue based on the gross amount billed to a customer or the net amount retained is a matter of judgment that depends on the facts and circumstances of the arrangement and that certain factors should be considered in determining payment processing service revenue reporting. The determination of gross versus net recognition for interchange and card network fees, commissions and card network processing costs and other fees requires judgment that depends on whether the Company controls the good or service before it is transferred to the merchant or whether the Company is acting as an agent of a third party. The Company does not determine interchange rates; they are set by the card networks. The rights of the Company to earn service fee revenue from the receipt of fees from merchants are generated by a negotiated agreement with ISOs or other third parties. The ISO or third party acts as supplier of products or services by achieving most of the shared risks and rewards as principal in the merchant agreement; the Company passes the ISO’s share of merchant receipts to them as commissions. Card network processing costs are assessed by the card networks for authorization, settlement and card network access services. The Company collects these amounts through the processing cycle and reimburses the card networks. The Company is not responsible for the fulfillment or acceptance of these services. The Company recognizes its fees charged to customers net of interchange and card network fees, commissions and card network processing costs and other fees assessed to the Company’s merchant customers by other entities. The Company collects these pass-through charges on behalf of the card issuers and payment networks, and does not have the ability to direct the use of or receive the benefits from the services provided by the card issuers or the payment networks. The table below presents a disaggregation of the Company’s revenue from contracts with customers by division. The Company’s divisions are defined as follows: · Direct – Includes referral relationships with financial institutions, many of which are long-term and on an exclusive basis. These financial institutions provide the Company with access to their brands, while the Company maintains a direct relationship with merchants in order to drive sales, price negotiation, underwriting, boarding and support processes. The Direct division also includes direct sales capabilities and relationships. · Tech-enabled – Includes partnerships with independent software vendors, integrated software dealers, enterprise resource planning software dealers and eCommerce gateway providers. These partnerships function by way of a technical integration between the Company and the third party in which the third party seamlessly passes information to the Company’s systems in order to streamline the merchant boarding process. · Traditional – Represents the Company’s heritage U.S. portfolio composed primarily of ISO relationships. Three Months Ended March 31, 2019 North America Europe Total (In thousands) Divisions: Direct $ 35,111 $ 33,084 $ 68,195 Tech-enabled 26,607 8,469 35,076 Traditional 8,247 — 8,247 $ 69,965 $ 41,553 $ 111,518 Three Months Ended March 31, 2018 North America Europe Total (In thousands) Divisions: Direct $ 37,503 $ 42,697 $ 80,200 Tech-enabled 25,700 12,209 37,909 Traditional 10,173 — 10,173 $ 73,376 $ 54,906 $ 128,282

Settlement Processing Assets an

Settlement Processing Assets and Liabilities	3 Months Ended
	Mar. 31, 2019
Settlement Processing Assets and Liabilities
Settlement Processing Assets and Liabilities	(3) In certain markets, the Company is a member of various card networks, allowing it to process and fund transactions without third-party sponsorship. In other markets, the Company has Member Banks for whom the Company facilitates payment transactions. These arrangements allow the Company to route transactions under the Member Banks’ control and identification numbers to clear card transactions through card networks. Funds settlement refers to the process of transferring funds for sales and credits between card issuers and merchants. The standards of the card networks restrict non-members from performing funds settlement or accessing merchant settlement funds and, instead, require that these funds be in the possession of the Member Banks until the merchant is funded. However, in certain markets and in accordance with the terms of the Company’s Bank Sponsorship Agreements with its Member Banks, funds settlement generally follows a net settlement process. Timing differences, interchange expense, Merchant Reserves and exception items cause differences between the amount the Member Banks receives from the card networks and the amount funded to the merchants. Settlement processing assets and obligations represent intermediary balances arising in the settlement process. A summary of these amounts are as follows: March 31, December 31, 2019 2018 (In thousands) Settlement processing assets: Receivable from card networks $ 527,769 $ 195,817 Receivable from merchants 102,975 52,513 Totals $ 630,744 $ 248,330 Settlement processing obligations: Settlement liabilities $ (578,407) $ (320,492) Merchant reserves (102,329) (107,836) Totals $ (680,736) $ (428,328)

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2019
Earnings Per Share
Earnings Per Share	(4) On May 22, 2018, EVO, LLC’s limited liability company agreement (the “EVO LLC Agreement”) was amended and restated effective as of May 25, 2018, to, among other things, reclassify all of the then existing membership interests of EVO, LLC into a new single class of common membership interests. Additionally, the Company entered into a series of transactions that resulted in the issuance of Class A common stock, Class B common stock, Class C common stock and Class D common stock to the holders of LLC Interests and commenced the IPO, resulting in the public issuance of additional shares of the Company’s Class A common stock. Earnings per share information prior to May 23, 2018 is not presented since the ownership structure of EVO, LLC is not a common unit of ownership of the Company. The following table sets forth the computation of the Company's basic and diluted net loss per Class A common share (in thousands, except share and per share data): Three Months Ended March 31, 2019 Numerator: Net loss attributable to EVO Payments, Inc. $ (5,290) Denominator: Weighted average Class A common stock outstanding 26,365,552 Effect of dilutive securities — Total dilutive securities 26,365,552 Earnings per share: Basic $ (0.20) Diluted $ (0.20) Antidilutive securities: Stock options 2,342,168 RSUs 601,050 Convertible Class C common stock 2,449,055 Convertible Class D common stock 16,306,954 RSAs 34,880 Earnings per share information is not separately presented for Class B common stock, Class C common stock and Class D common stock since they have no economic rights to the income or loss of the Company. Class B common stock is not considered when calculating dilutive EPS as this class of common stock may not be exchanged for Class A common stock. Class C common stock and Class D common stock are considered in the calculation of dilutive EPS on an if-converted basis as these classes, together with the related LLC Interests, have exchange rights into Class A common stock that could result in additional Class A common stock being issued. However, the Company is in a net loss position and, as such, Class C common stock and Class D common stock are therefore anti-dilutive. All other potentially dilutive securities are determined based on the treasury stock method. Refer to Note 18, “Shareholders’ Equity,” for further information on the rights of each class of stock.

Tax Receivable Agreement

Tax Receivable Agreement	3 Months Ended
	Mar. 31, 2019
Tax Receivable Agreement
Tax Receivable Agreement	(5) In connection with the IPO, the Company entered into a Tax Receivable Agreement (the “TRA”) that requires the Company to make payments to the Continuing LLC Owners, as defined in Note 18, “Shareholders’ Equity,” that are generally equal to 85% of the applicable cash tax savings, if any, realized as a result of favorable tax attributes that will be available to the Company as a result of the Reorganization Transactions, exchanges of LLC Interests for Class A common stock, and payments made under the TRA. Payments will occur only after the filing of U.S. federal and state income tax returns and realization of cash tax savings from the favorable tax attributes. The first payment is due between 95 to 125 days after the filing of the Company’s tax return for the year ended December 31, 2018, which due date was extended until October 15, 2019. As a result of the exchange of LLC Interests and shares of Class C common stock and Class D common stock for shares of Class A common stock sold in connection with the IPO, the September 2018 Secondary Offering and other member exchanges, as of March 31, 2019, the Company’s remaining deferred tax asset and payment liability pursuant to the TRA were approximately $56.6 million and $48.9 million, respectively. Payments to the Continuing LLC Owners related to the purchases, the exchanges as described in Note 18, “Shareholders’ Equity,” will range from zero to $3.8 million per year over the next 15 years. The Company recorded a corresponding increase to paid-in capital for the difference between the TRA liability and the related deferred tax asset. The amounts recorded as of March 31, 2019, approximate the current estimate of expected tax savings and are subject to change after the filing of the Company’s U.S. federal and state income tax returns for the year ended December 31, 2019. Future payments under the TRA with respect to subsequent exchanges would be in addition to these amounts. For the TRA, the cash savings realized by the Company are computed by comparing the actual income tax liability of the Company to the amount of such taxes the Company would have been required to pay had there been no increase to the tax basis of the assets from Member exchanges of LLC Interests, and no tax benefit as a result of the Net Operating Losses (“NOLs”) generated by the increase in our tax basis of the assets in EVO, LLC. Subsequent adjustments of the TRA obligations due to certain events (e.g., changes to the expected realization of NOLs or changes in tax rates) will be recognized within operating expenses in the unaudited condensed consolidated statements of operations and comprehensive (loss) income.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2019
Acquisitions
Acquisitions	(6) The Company determined t he pro forma impact of the acquisitions below was not material to the Company’s historical consolidated operating results and is, therefore, not separately presented. 2019 Acquisitions (a) Way2Pay Ltd. In March 2019, a subsidiary of EVO, Inc. completed the acquisition of 100% of the outstanding shares of Way2Pay Ltd (“Way2Pay”) for total consideration of €3.0 million ($3.4 million, based on the foreign exchange rate at the time of the acquisition), which includes an upfront payment of €2.7 million and a holdback liability of €0.3 million. Net assets acquired in the Way2Pay acquisition included intangible assets of $3.3 million with useful lives of 5 years. Way2Pay is presented in the Company’s Europe segment. 2018 Acquisitions (a) EVO Payments International Corp. - Canada In February 2018, a subsidiary of EVO, Inc. acquired the remaining 30% membership interest in EVO Payments International Corp. - Canada (“EVO Canada”) from 7097794 Canada, Inc. for $0.9 million of contingent consideration. This transaction resulted in a reduction to members’ deficit and nonredeemable non-controlling interests of $0.4 million and $0.5 million, respectively. EVO Canada is presented in the Company’s North America segment. (b) Nationwide Payment Solutions, LLC In March 2018, a subsidiary of EVO, Inc. acquired the remaining 38% membership interest in Nationwide Payment Solutions, LLC (“NPS”) for an upfront payment of $16.9 million and contingent consideration of $3.8 million paid on April 1, 2019. This transaction resulted in a reduction to members’ deficit and nonredeemable non-controlling interests of $20.1 million and $0.6 million, respectively. NPS is presented in the Company’s North America segment. (c) Liberbank, S.A. In April 2018, a subsidiary of EVO, Inc. acquired a portion of the merchant acquiring assets of Liberbank, S.A. and Banco de Castilla la Mancha, S.A. for €7.9 million ($9.5 million, based on the foreign exchange rate at the time of the acquisition). This asset acquisition is presented in the Company’s Europe segment. Equipment and intangible assets acquired consist of card processing equipment, merchant contract portfolios, marketing alliance agreements, and trademarks with useful lives of 3 years, 5 years, 15 years, and 15 years, respectively. (d) Nodus Technologies, Inc. In May 2018, a subsidiary of EVO, Inc. acquired 100% of the outstanding shares of Nodus Technologies, Inc. (“Nodus”) for $18.0 million. The total consideration includes a holdback liability of $0.8 million. Nodus is presented in the Company’s North America segment. Equipment and intangible assets consist of office equipment, computer software, merchant contract portfolios, trademarks, internally developed software, and non-competition agreements with useful lives of 5 to 7 years, 3 years, 15 years, 20 years, 10 years and 3 years, respectively. (e) Federated Payment Systems, LLC/Federated Payment Canada Corp. In September 2018, a subsidiary of EVO, Inc. acquired the remaining 67% of the outstanding membership interests of Federated Payment Systems, LLC (“Federated US”) and 100% of the outstanding shares of Federated Payment Canada Corporation (“Federated Canada,” together with Federated US, “Federated”) for $38.2 million. The total consideration includes an aggregate holdback liability of $0.5 million. Certain acquisition-related expenses were incurred in conjunction with the Federated acquisition in the amount of $0.4 million. Federated maintains diverse sales channels which will complement the Company’s strategic distribution relationships. As a result of this acquisition, the Company recognized goodwill. Federated is presented in the Company’s North America segment. Based upon the purchase price, the Company’s understanding of the Federated business and valuation, the allocation is as follows: As of the acquisition date (in thousands) Tangible assets acquired $ 1,702 Deferred tax liability (1,357) Amortizable intangible assets Trademarks 1,200 Merchant contract portfolios 11,400 Goodwill 33,677 Total net assets acquired $ 46,622 Intangible assets of $12.6 million have been allocated to amortizable intangible assets consisting of trademarks and merchant contract portfolios, with estimated useful lives of 5 years and 10 years, respectively. The change in the estimated values of amortizable intangible assets is primarily due to obtaining information related to the merchant portfolio acquired from Federated and therefore, revising certain estimates in determining fair value. On the date of acquisition, the book value of the investment in Federated US was zero. The Company recorded a gain on the acquisition of the unconsolidated investee of $8.4 million to step-up carrying value of the investment to fair value as of the acquisition date. The gain on acquisition of unconsolidated investee was recorded on the consolidated statements of operations and comprehensive (loss) income for the year ended December 31, 2018. Goodwill, totaling $33.7 million, represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired. Goodwill generated from the Federated acquisition is deductible for income tax purposes. (f) ClearONE, S.L. In October 2018, a subsidiary of EVO, Inc. acquired 100% of the outstanding shares of ClearONE for €5.4 million ($6.3 million based on the foreign exchange rate at the time of the acquisition). The total consideration includes a holdback liability of €0.5 million. ClearONE is presented in the Company’s Europe segment. Equipment and intangible assets consist of card processing, merchant contract portfolios, trademarks, internally developed software, and non-competition agreements with useful lives of 3 to 5 years, 5 years, 5 years, 5 years, and 2 to 3 years, respectively.

Equipment and Improvements

Equipment and Improvements	3 Months Ended
	Mar. 31, 2019
Equipment and Improvements
Equipment and Improvements	(7) Equipment and improvements consisted of the following: Estimated Useful Lives in March 31, December 31, Years 2019 2018 (In thousands) Card processing 3-5 $ 131,760 $ 128,244 Office equipment 3-5 42,584 41,771 Computer software 3 43,602 44,373 Leasehold improvements various 15,344 16,234 Furniture and fixtures 5-7 6,201 5,673 Totals 239,491 236,295 Less accumulated depreciation (143,939) (136,947) Foreign currency translation adjustment 2,485 3,698 Totals $ 98,037 $ 103,046 Depreciation expense related to equipment and improvements was $10.5 million and $9.0 million for the three months ended March 31, 2019 and 2018, respectively. In the three months ended March 31, 2019, equipment and improvements and accumulated depreciation were each reduced by $4.6 million and $4.5 million, respectively, and in the three months ended March 31, 2018 by $0.4 million and $0.3 million, respectively, primarily related to asset retirements. The Company infrequently sells or disposes of assets that are not fully depreciated, and this activity represents an insignificant portion of the total reduction.

Goodwill and Intangible Assets

Goodwill and Intangible Assets	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets
Goodwill and Intangible Assets	(8) Intangible assets, net consist of the following: March 31, December 31, 2019 2018 (In thousands) Intangible assets with finite lives: Merchant contract portfolios: Gross carrying value $ 293,069 $ 293,069 Accumulated amortization (145,549) (139,159) Accumulated impairment losses (7,089) (5,658) Foreign currency translation adjustment (27,538) (27,975) Net 112,893 120,277 Marketing alliance agreements: Gross carrying value 191,879 191,879 Accumulated amortization (50,804) (47,777) Accumulated impairment losses (11,920) (7,585) Foreign currency translation adjustment (18,529) (18,634) Net 110,626 117,883 Trademarks, finite-lived: Gross carrying value 28,727 28,657 Accumulated amortization (11,327) (10,748) Foreign currency translation adjustment (4,491) (4,446) Net 12,909 13,463 Internally developed and acquired software: Gross carrying value 65,975 60,876 Accumulated amortization (18,082) (15,794) Accumulated impairment losses (10,190) (9,324) Foreign currency translation adjustment (2,466) (2,260) Net 35,237 33,498 Non-competition agreements: Gross carrying value 6,462 6,462 Accumulated amortization (5,455) (5,316) Foreign currency translation adjustment (1) — Net 1,006 1,146 Total finite-lived, net 272,671 286,267 Trademarks, indefinite-lived: Gross carrying value 18,499 18,499 Accumulated impairment losses (14,627) (14,627) Net 3,872 3,872 Total intangible assets, net $ 276,543 $ 290,139 Amortization expense related to intangible assets was $12.4 million and $10.8 million for the three months ended March 31, 2019 and 2018, respectively. Estimated amortization expense to be recognized during each of the five years subsequent to March 31, 2019: Amount (In thousands) Years ending: 2019 (remainder of the year) $ 36,204 2020 43,537 2021 38,667 2022 29,976 2023 24,807 2024 and thereafter 99,480 Total $ 272,671 The following represents net intangible assets by segment: March 31, December 31, 2019 2018 (In thousands) Intangible assets, net: North America Merchant contract portfolios $ 83,281 $ 88,141 Marketing alliance agreements 75,919 76,590 Trademarks, finite-lived 2,607 2,585 Internally developed software 22,148 20,167 Non-competition agreements 955 1,089 Trademarks, indefinite-lived 3,872 3,872 Total 188,782 192,444 Europe Merchant contract portfolios 29,612 32,136 Marketing alliance agreements 34,707 41,293 Trademarks, finite-lived 10,302 10,878 Internally developed software 13,089 13,331 Non-competition agreements 51 57 Total 87,761 97,695 Total intangible assets, net $ 276,543 $ 290,139 Goodwill activity for the three months ended March 31, 2019, in total and by reportable segment, was as follows: Reportable Segment North America Europe Total (In thousands) Goodwill, gross, as of December 31, 2018 $ 240,837 $ 136,465 $ 377,302 Accumulated impairment losses — (24,291) (24,291) Goodwill, net, as of December 31, 2018 240,837 112,174 353,011 Business combinations — 40 40 Foreign currency translation adjustment 855 (2,100) (1,245) Goodwill, net as of March 31, 2019 $ 241,692 $ 110,114 $ 351,806 For the three months ended March 31, 2019 and 2018, there was no goodwill impairment. In March 2019, the Company’s marketing alliance agreement with Raiffeisen Bank Polska was terminated. As a result of the termination, the Company recorded an impairment of $4.4 million. Additional impairments of $1.4 million and $0.8 million were recognized during the three months ended March 31, 2019, related to merchant contract portfolios and internally developed and acquired software, respectively.

Accounts Payable and Accrued Li

Accounts Payable and Accrued Liabilities	3 Months Ended
	Mar. 31, 2019
Accounts Payable and Accrued Liabilities
Accounts Payable and Accrued Liabilities	(9) Accounts Payable and Accrued Expenses The Company’s accounts payable and accrued expenses consist of the following: March 31, December 31, 2019 2018 (In thousands) Compensation and related benefits $ 17,959 $ 22,280 Third-party processing and payment network fees 36,186 37,702 Trade accounts payable 47,358 44,581 Taxes payable 12,492 16,292 Commissions payable to third parties and agents 12,960 13,141 Unearned revenue 4,356 4,579 Other 28,038 22,641 $ 159,349 $ 161,216

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions
Related Party Transactions	(10) Related Party Transactions Related party commission expense incurred with unconsolidated investees of the Company amounted to $4.4 million and $9.0 million for the three months ended March 31, 2019 and 2018, respectively. The sale of equipment and services to these subsidiaries amounted to $0.1 million for each of the three months ended March 31, 2019 and 2018, respectively. Related party balances consist of the following: March 31, December 31, 2019 2018 (In thousands) Receivables from sale of POS devices and peripherals $ 291 $ 303 Receivables from related companies 975 1,560 Notes receivable, current 42 8 Due from related parties, current $ 1,308 $ 1,871 Notes receivable, long term 797 915 Due from related parties, long term $ 797 $ 915 Liabilities to related companies 3,690 4,824 Due to related parties, current $ 3,690 $ 4,824 ISO commission reserve 385 385 Due to related parties, long term $ 385 $ 385 Madison Dearborn Partners, LLC (“MDP”), a member of EVO, LLC and shareholder of EVO, Inc., provides the Company with consulting services related to business development, financing matters, and potential acquisition activities on an as needed basis. In addition, the Company reimburses MDP for certain out of pocket expenses. The Company made payments of less than $0.1 million to MDP for each of the three months ended March 31, 2019 and 2018, respectively, for consulting services and expense reimbursement. Additionally, the Company provides certain professional and other services to Blueapple Inc. (“Blueapple”), a member of EVO, LLC and owner of all outstanding shares of Class B common stock of EVO, Inc. The expense related to these services was less than $0.1 million for each of the three months ended March 31, 2019 and 2018. During 2018, the Company paid Blueapple $2.4 million in satisfaction of the obligation to pay any further commissions associated with processing revenue to Blueapple and all such future revenue will be retained by the Company. Prior to the Company’s acquisition of the remaining 67% membership interests of Federated US and 100% of the outstanding shares of Federated Canada in September 2018, the Company’s chairman owned one-third of the shares of Federated Canada and an entity wholly owned by relatives of the Company’s chairman owned one-third of the membership interests of Federated US. As a result of the ownership interests, the Company’s chairman and relatives received $15.5 million of the September 2018 Federated acquisition purchase price. In addition, prior to the acquisition, the Company provided card-based processing services and risk assessment services to Federated US in the ordinary course of business for a nominal fee. For the three months ended March 31, 2018, the Company received $0.1 million in revenues in connection with providing services to Federated US. In addition, prior to the acquisition, Federated Canada provided certain marketing services to the Company’s business in Canada. For the three months ended March 31, 2018, the Company paid $1.9 million in fees to Federated Canada for these services. The Company leases office space located at 515 Broadhollow Road in Melville, New York for $0.1 million per month from 515 Broadhollow, LLC. 515 Broadhollow, LLC is majority owned, directly and indirectly, by the Company’s chairman. Receivables from related companies include amounts receivable from members of EVO, LLC and shareholders of the Company of $0.7 million and receivables from minority held affiliates of zero as of March 31, 2019 and December 31, 2018. Liabilities held by related companies include payables to a minority held affiliate of $2.0 million and $3.0 million as of March 31, 2019 and December 31, 2018, respectively. In connection with the vesting of certain RSAs, the Company issued loans to certain employees for the purposes of paying withholding taxes. As of March 31, 2019 and December 31, 2018 the amount receivable from certain employees in connection with such loans was $0.8 million and $0.9 million, respectively. A portion of the TRA obligation is payable to members of management and current employees. Refer to Note 5, “Tax Receivable Agreement,” for further information on the tax receivable agreement. The Company, through one wholly owned subsidiary and one unconsolidated investee, conducts business under ISO agreements with a relative of the Company’s chairman pursuant to which the relative of the Company’s chairman provides certain marketing services and equipment in exchange for a commission based on the volume of transactions processed for merchants acquired by the relative of the Company’s chairman. For each of the three months ended March 31, 2019 and 2018, the Company paid commissions of $0.1 million related to this activity. NFP is the Company’s benefit broker and 401(k) manager. NFP is a portfolio company of MDP and one of the Company’s executive officers owns a minority interest in NFP. For the three months ended March 31, 2019 and 2018, the Company paid $0.1 million and less than $0.1 million, respectively, in commissions and other expenses to NFP.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2019
Income Taxes
Income Taxes	(11) In accordance with ASC 740, Income Taxes , each interim period is considered integral to the annual period, and tax expense is measured using an estimated annual effective tax rate. An entity is required to record income tax expense each quarter based on its best estimate of the annual effective tax rate for the full fiscal year and use that rate to provide for income taxes on a current year-to-date basis, as adjusted for discrete taxable events that occur during the interim periods. If, however, the entity is unable to reliably estimate its annual effective tax rate, then the actual effective tax rate for the year-to-date may be the best estimate of the entity’s annual effective tax rate. For the three months ended March 31, 2019, the Company determined that it was unable to make a reliable estimate of its annual effective tax rate due to the sensitivity of the rate as it relates to its forecasted full year 2018 results. Therefore, the Company recorded a tax expense for the three months ended March 31, 2019 based on its actual effective tax rate for the three months ended March 31, 2019. The Company’s effective tax rate (“ETR”) was (5.5)% and (41.8)% for the three months ended March 31, 2019 and 2018, respectively. The Company did not incur US taxes prior to the IPO and foreign earnings were higher for the period ended March 31, 2018, which resulted in greater tax expense compared to March 31, 2019. The effective tax rate for the three months ended March 31, 2019 differs from the statutory federal rate primarily due to foreign income taxes, the tax treatment of income attributable to non-controlling interests, and the exclusion of tax benefits related to losses recorded in certain foreign operations. The income attributable to the non-controlling interests is taxable to EVO, LLC’s individual owners and not to the Company itself. Income tax liabilities are incurred with respect to foreign operations whereas income of EVO, LLC in the U.S. flows through and is taxable to EVO, LLC’s owners. The Company’s deferred tax asset increased from December 31, 2018 to March 31, 2019 primarily due to the increase in the tax basis of the assets of EVO, LLC as a result of exchanges of LLC Interests for Class A common stock of the Continuing LLC Owners. Management assesses the available and objectively verifiable evidence to estimate whether sufficient future taxable income will be generated to use existing deferred tax assets. A significant piece of objective, negative evidence evaluated was the cumulative loss incurred over the preceding twelve month period ended March 31, 2019 in certain jurisdictions. Such objective evidence limits the ability to consider other subjective evidence such as our projections of future growth. On the basis of this assessment, valuation allowances were established in prior periods to reduce the carrying amount of deferred tax assets to an amount that is more likely than not to be realized in certain European jurisdictions. Release of a valuation allowance would result in the realization of all or a portion of the related deferred tax assets and a decrease to income tax expense for the period in which the release is recorded. Based on our assessment, no material changes to our valuation allowances were recorded during the three months ended March 31, 2019.

Long-Term Debt and Lines of Cre

Long-Term Debt and Lines of Credit	3 Months Ended
	Mar. 31, 2019
Long-Term Debt and Lines of Credit
Long-Term Debt and Lines of Credit	(12) The Company has entered into a first lien senior secured credit facility and a second lien senior secured credit facility pursuant to a credit agreement dated December 22, 2016, and amended on October 24, 2017, April 3, 2018, and June 14, 2018 (our “Senior Secured Credit Facilities”). On May 25, 2018, the Company repaid all outstanding amounts under the second lien credit facility using a portion of the proceeds from the IPO. As of March 31, 2019, our Senior Secured Credit Facilities include revolver commitments of $200.0 million and a term loan of $665.0 million that are scheduled to mature in June 2023 and December 2023. As of March 31, 2019 and December 31, 2018 the Company’s long-term debt consists of the following: March 31, December 31, 2019 2018 (In thousands) First lien term loan $ 653,124 $ 654,775 First lien revolver 44,601 42,266 Less debt issuance costs (12,315) (12,985) Total long-term debt 685,410 684,056 Less current portion of long-term debt (7,723) (7,191) Total long-term debt, net of current portion $ 677,687 $ 676,865 The Company maintains intraday and overnight facilities to fund its settlement obligations. These facilities are short-term in nature, have variable interest rates, are subject to annual review and are denominated in local currency but may, in some cases, facilitate borrowings in multiple currencies. At March 31, 2019 and December 31, 2018 the Company had $50.3 million and $41.8 million outstanding under these lines of credit, respectively, with additional capacity of $48.3 million and $57.9 million as of March 31, 2019 and December 31, 2018, respectively, to fund its settlement obligations. The weighted-average interest rate on these borrowings was 5.45% and 4.52% at March 31, 2019 and December 31, 2018, respectively. Principal payment requirements on the above obligations in each of the years remaining subsequent to March 31, 2019 are as follows: Amounts (In thousands) Years ending December 31: 2019 (remainder of the year) $ 6,074 2020 6,593 2021 6,593 2022 6,593 2023 671,872 2024 and thereafter — $ 697,725 In addition, the Senior Secured Credit Facilities contain certain customary representations and warranties, affirmative covenants and events of default. If an event of default occurs, the lenders under the Senior Secured Credit Facilities will be entitled to take various actions, including the acceleration of amounts due thereunder and exercise of the remedies on the collateral. As of March 31, 2019 and 2018, the Company was in compliance with all its financial covenants. Refer to Note 11, "Long-Term Debt and Lines of Credit" to the Consolidated Financial Statements in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2018, for discussion regarding the Company’s long-term debt and line of credit facilities.

Supplemental Cash Flows Informa

Supplemental Cash Flows Information	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flows Information
Supplemental Cash Flows Information	(13) Supplemental cash flow disclosures and noncash financing activities are as follows for the three months ended March 31, 2019 and 2018: 2019 2018 (In thousands) Supplemental disclosure of cash flow data: Interest paid $ 10,230 $ 13,589 Income taxes paid 4,965 2,102 Supplemental disclosure of noncash financing activities: Contingent consideration payable 337 4,747 Exchange of Class D common stock for Class A common stock $ 20,293 $ —

Redeemable Non-controlling Inte

Redeemable Non-controlling Interests	3 Months Ended
	Mar. 31, 2019
Redeemable Non-controlling Interests
Redeemable Non-controlling Interests	(14) The Company owns 66% of eService, the Company’s Polish subsidiary. The eService shareholders’ agreement includes a provision whereby PKO Bank Polski, beginning on January 1, 2018, has the option to compel the Company to purchase 14% of the shares of eService held by PKO Bank Polski, at a price per share based on their fair value. Commencing on January 1, 2020, PKO Bank Polski may exercise an option to sell all of its remaining shares of eService to the Company. Because the exercise of this option is not solely within the Company’s control, the Company has classified this interest as RNCI and presents the redemption value as temporary within the mezzanine equity section of the unaudited condensed consolidated balance sheets. The change in fair value at each measurement date is recorded with a corresponding adjustment to accumulated deficit. As of March 31, 2019, EVO, Inc. owns 32.6% of the outstanding LLC Interests of EVO, LLC. The EVO, LLC operating agreement includes a provision whereby Blueapple may deliver a sale notice to EVO, Inc., upon receipt of which EVO, Inc. will use its commercially reasonable best efforts to pursue a public offering of shares of its Class A common stock and use the net proceeds therefrom to purchase LLC Interests from Blueapple. Upon receipt of such a sale notice, the Company may elect, at the Company’s option (determined solely by its independent directors (within the meaning of the rules of the NASDAQ stock market (“Nasdaq”)) who are disinterested), to cause EVO, LLC to instead redeem the applicable LLC Interests for cash; provided that Blueapple consents to any election by the Company to cause EVO, LLC to redeem the LLC Interests based on the fair value of the Company’s Class A common shares on such date. Because this option is not solely within the Company’s control, the Company has classified this interest as RNCI and reports the redemption value as temporary within the mezzanine equity section of the unaudited condensed consolidated balance sheets. The change in fair value at each measurement date is recorded with a corresponding adjustment to accumulated deficit and nonredeemable non-controlling interest. The following table details the components of RNCI for the three months ended March 31, 2019 and for the year ended December 31, 2018: Post-IPO Pre-IPO March 31, December 31, May 23, 2019 2018 2018 (In thousands) Beginning balance $ 1,010,093 $ 689,569 $ 148,266 Net income attributable to RNCI - eService 450 4,914 1,291 Net loss attributable to RNCI - Blueapple (9,382) (39,129) — Gain (loss) on OCI - eService (1,155) (2,368) (2,104) Gain (loss) on OCI - Blueapple (1,425) (3,935) — Gain (loss) on defined benefit plan revaluation - Blueapple — (192) — Legacy accumulated deficit allocation — — (150,485) Legacy AOCI allocation — — (39,404) Increase (decrease) in the maximum redemption amount of RNCI - eService 1,979 (19,741) — RNCI - Blueapple 168,984 374,616 735,775 Allocation of eService fair value RNCI adjustment to Blueapple (876) 8,739 — Distributions - eService (5,465) (2,380) (3,770) Ending balance $ 1,163,203 $ 1,010,093 $ 689,569 As a result of the above activity, the RNCI attributable to eService and Blueapple were $119.9 million and $1,043.3 million as of March 31, 2019, respectively, and $124.1 million and $886.0 million as of December 31, 2018, respectively.

Fair Value

Fair Value	3 Months Ended
	Mar. 31, 2019
Fair Value
Fair Value	(15) The table below presents information about items which are carried at fair value on a recurring basis: March 31, 2019 (In thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 102,244 $ — $ — $ 102,244 Contingent consideration — — 10,034 10,034 RNCI - Blueapple 1,043,288 — — 1,043,288 RNCI - eService — — 119,915 119,915 Total $ 1,145,532 $ — $ 129,949 $ 1,275,481 December 31, 2018 (In thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 106,164 $ — $ — $ 106,164 Contingent consideration — — 8,189 8,189 RNCI - Blueapple 885,986 — — 885,986 RNCI - eService — — 124,107 124,107 Total $ 992,150 $ — $ 132,296 $ 1,124,446 Cash equivalents consist of a money market fund that is valued using a market price in an active market (Level 1). Level 1 instrument valuations are obtained from real‑time quotes for transactions in active exchange markets involving identical assets. Contingent consideration relates to potential payments that the Company may be required to make associated with acquisitions. To the extent that the valuation of these liabilities are based on inputs that are less observable or not observable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for measures categorized in Level 3. In the determination of the fair value of the RNCI in eService, the Company used an income approach based on internal forecasts of expected future cash flows. Significant unobservable inputs included the Weighted Average Cost of Capital (“WACC”) used to discount the future cash flows, which was 16.0%, based on the markets in which the business operates and growth rate used within the future cash flows, which were between 3.0% and 19.3%, based on historic trends, current and expected market conditions, and management’s forecast assumptions. A future increase in the WACC would result in a decrease in the fair value of RNCI in eService. The fair value of the RNCI in Blueapple is derived from the closing stock price of the Company’s Class A common stock on the last day of the period. The carrying amounts of receivables, settlement processing assets and liabilities, due from related parties, due to related parties, settlement lines of credit, long-term debt and deferred cash considerations associated with acquisitions, approximate their fair value given the short-term nature or bearing at market interest rate value approximating carrying value. Visa Series C preferred stock are carried at cost. The estimated fair value of the Visa Series C preferred stock of $29.5 million as of March 31, 2019 is based upon inputs classified as Level 3 of the fair value hierarchy using the fair value of Visa Series C preferred stock as of March 31, 2019 and disclosed conversion factor as of March 31, 2019, inclusive of a discount rate due to the lack of liquidity, which represents a measure of fair value that are unobservable or require management’s judgment.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies.
Commitments and Contingencies	(16) Litigation The Company is party to various claims and lawsuits incidental to its business. The Company does not believe the ultimate outcome of such matters, individually or in the aggregate, will have a material adverse effect on the Company’s financial position, results of operations or cash flows.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2019
Segment Information
Segment Information	(17) Information on segments and reconciliations to net income (loss) attributable to the shareholders of EVO, Inc. and members of EVO, LLC are as follows: Three Months Ended March 31, 2019 2018 (In thousands) Segment revenue: North America $ 69,965 $ 73,376 Europe 41,553 54,906 Revenue $ 111,518 $ 128,282 Segment profit: North America $ 14,880 $ 20,878 Europe 9,693 12,104 Total segment profit 24,573 32,982 Corporate (7,619) (9,634) Depreciation and amortization (22,745) (19,887) Net interest expense (10,977) (14,826) Provision for income tax expense (988) (4,428) Share-based compensation expense (1,845) — Net loss attributable to EVO Investco, LLC $ (15,793) Net loss attributable to non-controlling interests of EVO Investco, LLC 14,311 Net loss attributable to EVO Payments, Inc. $ (5,290) Capital expenditures: North America $ 1,866 $ 4,640 Europe 4,637 3,950 Consolidated total capital expenditures $ 6,503 $ 8,590 For the purpose of discussing segment operations, the Company refers to “segment profit” which is segment revenue less (1) segment expenses plus (2) segment income from unconsolidated investees plus (3) segment other income, net less (4) segment non-controlling interests of EVO, LLC consolidating entities. The expenses related to certain Company-wide governance functions, depreciation and amortization, share-based compensation expense, and EVO, LLC non-controlling interests are not allocated to segments; they are reported in the captions “Corporate” and “Net income attributable to non-controlling interest of EVO Investco, LLC,” respectively. Information on total assets by segment is as follows: March 31, December 31, 2019 2018 (In thousands) Segment total assets: North America $ 1,226,580 $ 994,952 Europe 542,816 539,435 Total assets $ 1,769,396 $ 1,534,387 Revenue from external customers is attributed to individual countries based on the location where the relationship is managed. For the three months ended March 31, 2019, revenue from external customers in the United States, Mexico and Poland, as a percentage of total revenue, were 41.4%, 19.3%, and 18.6%, respectively. For the three months ended March 31, 2018, revenue from external customers in the United States, Poland and Mexico, as a percentage of total revenue, were 35.9%, 23.8%, and 20.7%, respectively. For the three months ended March 31, 2019 and 2018, there is no one customer that represents more than 10% of total revenue.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Mar. 31, 2019
Shareholders' Equity
Shareholders' Equity	(18) Structure prior to the Reorganization Transactions Prior to the completion of the Reorganization Transactions, EVO, LLC had limited liability company interests outstanding in the form of Class A units, Class B Units, Class C units, Class D units and Class E units. EVO, LLC also granted unit appreciation rights (“UARs”) to certain of its officers and certain current and former employees. Immediately prior to the completion of the Reorganization Transactions, the limited liability company interests of EVO, LLC were beneficially owned as set forth below. The percentage of economic interest in EVO, LLC set forth below is based on a hypothetical liquidation of EVO, LLC based on the IPO price per share of $16.00 and the underwriting discounts and commission paid in the IPO. · Blueapple owned 6,374,245 Class A units, representing a 54.0% economic interest in EVO, LLC on a fully-diluted basis. · MDP owned an aggregate of 3,506,087 Class B units, representing a 29.7% economic interest in EVO, LLC on a fully-diluted basis. · Current and former management and employees owned an aggregate of 374,559 Class C units and 1,106,528 Class D units, representing a combined 6.9% economic interest in EVO, LLC on a fully-diluted bases. The Class D units were granted pursuant to the EVO, LLC Incentive Equity Plan and contained certain vesting restrictions, including time-based and performance-based conditions. The Class D units also contained a participation threshold used to determine if a particular grant was eligible to participate in distributions, including distributions made in connection with a sale, liquidation event or public offering. · Blueapple, MDP and certain members of management and current and former employees owned an aggregated of 1,011,931 Class E units, representing a combined 8.6% economic interest in EVO, LLC on a fully-diluted basis. · Management and current and former employees owned 297,121 vested UAR awards. The UAR awards were granted pursuant to the EVO, LLC Unit Appreciation Equity Plan and provided a right to the recipient to receive an amount in cash or other consideration equal to the value of a hypothetical Class D unit in connection with a sale, liquidation event or public offering. Organizational structure EVO, Inc. is a holding company and its principal asset is the LLC Interests in EVO, LLC held by the Company. As the sole managing member of EVO, LLC, the Company operates and controls all of the business and affairs of EVO, LLC and its subsidiaries. Although EVO, Inc. has a minority economic interest in EVO, LLC, the Company has the sole voting interest in, and controls the management of, EVO, LLC. Therefore, EVO, Inc. has consolidated the financial results of EVO, LLC and its subsidiaries. The Company has four classes of common stock outstanding: Class A common stock, Class B common stock, Class C common stock and Class D common stock. The voting and economic rights associated with our classes of common stock are summarized in the following table: Class of Common Stock Holders Voting rights* Economic rights Class A common stock Public, MDP, Executive Officers, and Current and Former Employees One vote per share Yes Class B common stock Blueapple 15.9% No Class C common stock Executive Officers 3.5 votes per share, subject to aggregate cap No Class D common stock MDP and Current and Former Employees One vote per share No * Blueapple has a sale right under the EVO LLC Agreement providing that, upon the receipt of a sale notice from Blueapple, the Company will use its commercially reasonable best efforts to pursue a public offering of shares of Class A common stock and use the net proceeds therefrom to purchase LLC Interests from Blueapple. Upon our receipt of such a sale notice, the Company may elect, at its option (determined solely by its independent directors (within the meaning of the rules of Nasdaq) who are disinterested), to cause EVO, LLC to instead redeem the applicable LLC Interests for cash; provided that Blueapple consents to any election by the Company to cause EVO, LLC to redeem the LLC Interests. Continuing LLC Owners (other than Blueapple) have an exchange right providing that, upon receipt of an exchange notice from such Continuing LLC Owners, the Company will exchange the applicable LLC Interests from such Continuing LLC Owners for newly issued shares of its Class A common stock on a one-for-one basis pursuant to an exchange agreement (the “Exchange Agreement”). Upon its receipt of such an exchange notice, the Company may elect, at its option (determined solely by its independent directors (within the meaning of the rules of Nasdaq)) who are disinterested, to cause EVO, LLC to instead redeem the applicable LLC Interests for cash; provided that such Continuing LLC Owners consents to any election by the Company to cause EVO, LLC to redeem the LLC Interests. In the event that Continuing LLC Owners do not consent to an election by the Company to cause EVO, LLC to redeem the LLC Interests, the Company is required to exchange the applicable LLC Interests for newly issued shares of Class A common stock. If the Company elects to cause EVO, LLC to redeem LLC Interests in lieu of exchanging LLC Interests for newly issued shares of its Class A common stock, the Company will offer the other Continuing LLC Owners the right to have their respective LLC Interests redeemed in an amount up to such person’s pro rata share of the aggregate LLC Interests to be redeemed. The Company is not required to redeem any LLC Interests from Blueapple or any other Continuing LLC Owners in response to a sale notice from Blueapple if the Company elects to pursue, but is unable to complete, a public offering of shares of its Class A common stock. Continuing LLC Owners also hold certain registration rights pursuant to a registration rights agreement. MDP holds demand registration rights that require the Company to register shares of Class A common stock held by it, including any Class A common stock received upon its exchange of Class A common stock for its LLC Interests. All Continuing LLC Owners (other than Blueapple) hold customary piggyback registration rights, which includes the right to participate on a pro rata basis in any public offering the Company conducts in response to its receipt of a sale notice from Blueapple. Blueapple also has the right, in connection with any public offering the Company conducts (including any offering conducted as a result of an exercise by MDP of its registration rights), to request that the Company use its commercially reasonable best efforts to pursue a public offering of shares of its Class A common stock and use the net proceeds therefrom to purchase a like amount of Blueapple’s LLC Interests.

Stock Compensation Plans and Sh

Stock Compensation Plans and Share-Based Compensation Awards	3 Months Ended
	Mar. 31, 2019
Stock Compensation Plans and Share-Based Compensation Awards
Stock Compensation Plans and Share-Based Compensation Awards	(19) The Company provides share-based compensation awards to its employees under the 2018 Plan, which the Company adopted in conjunction with its IPO. The 2018 Plan became effective on May 22, 2018. A total of 7,792,162 shares of the Company’s Class A common stock are reserved for issuance under the 2018 Plan. The 2018 Plan provides for accelerated vesting under certain conditions. The following table summarizes share-based compensation expense, and the related income tax benefit recognized for share-based compensation awards: Three Months Ended March 31, 2019 2018 Share-based compensation expense $ 1,845 $ — Income tax benefit $ (139) $ — Unit appreciation rights/Restricted stock awards The Company assumed EVO, LLC’s obligations under the EVO, LLC Unit Appreciation Rights Plan (“UAR Plan”) and converted all of the outstanding UARs held by members of management and current and former employees at the consummation of the IPO to restricted Class A common stock (“RSAs”). In connection with the Company’s assumption of EVO, LLC’s obligation under the UAR Plan and the issuance of the RSAs, on the IPO date, the Company recorded share-based compensation expense based on the modification date fair value of the RSAs of $16.00 per share. The Company recognized share-based compensation expense related to RSAs of $0.1 million for the three months ended March 31, 2019. Prior to the consummation of the IPO, no liquidity event was probable and, as such, no share-based compensation expense had been recognized for these awards. On the modification date, there were 35 members of management and current and former employees who held UARs. A summary of RSA activity is as follows (in thousands, except per share data): Number of RSAs Weighted average grant date fair value Balance at December 31, 2018 42 $ 16.00 Granted — — Vested (11) 16.00 Forfeited — — Balance at March 31, 2019 31 $ 16.00 Restricted stock units The Company recognized share-based compensation expense for unvested restricted stock units (“RSUs”) of $0.7 million for the three months ended March 31, 2019. A summary of RSU activity is as follows (in thousands, except per share data): Number of RSUs Weighted average grant date fair value Balance at December 31, 2018 506 $ 16.30 Granted 470 26.01 Vested — — Forfeited (4) 16.00 Balance at March 31, 2019 972 $ 21.00 As of March 31, 2019, total unrecognized share-based compensation expense related to outstanding RSUs was $18.3 million. Each RSU vests in equal annual vesting installments over a period of four years from the grant date and will settle in Class A common stock. The weighted average period outstanding for unvested RSUs is 3.4 years. Stock options The Company recognized share-based compensation expense for unvested stock options of $1.0 million for the three months ended March 31, 2019. A summary of stock option activity is as follows (in thousands, except per share data): Number of Options Weighted average grant date fair value Weighted average exercise price Weighted average remaining contractual term Balance at December 31, 2018 2,086 $ 6.77 $ 16.22 Granted 1,270 9.43 26.00 Exercised — — — Forfeited (18) 6.68 16.00 Balance at March 31, 2019 3,338 $ 7.78 $ 19.95 9.46 As of March 31, 2019, total unrecognized share-based compensation expense related to unvested stock options was $22.9 million. The weighted average period outstanding for unvested stock options is 3.5 years. Each stock option vests in equal annual installments over a period of four years from grant date, and stock options expire no later than 10 years from the date of grant. For the purpose of calculating share-based compensation expense, the fair value of the stock option grants was determined through the application of the Black-Scholes model with the following assumptions: Three Months Ended March 31, 2019 Expected life (in years) 7.00 Weighted average risk-free interest rate 2.5% Expected volatility 29.0% Dividend yield 0.0% Weighted average fair value at grant date $ 9.43 The risk-free interest rate is based on the yield of a zero coupon U.S. Treasury security with a maturity equal to the expected life of the stock option from the date of the grant. The assumption for expected volatility is based on the historical volatility of a peer group of market participants as the Company has no established historical volatility. It is the Company’s intent to retain all profits for the operations of the business for the foreseeable future, as such the dividend yield assumption is zero. The Company applied the simplified method in determining the expected life of the stock options as the Company has no historical basis upon which to determine historical exercise periods. The Company based the assumptions of the expected term of the options as the expected term plus half of the remaining life through expiration. All stock options exercised will be settled in Class A common stock.

Subsequent Events

Subsequent Events	3 Months Ended
	Mar. 31, 2019
Subsequent Events
Subsequent Events	(20) Subsequent events have been evaluated from the balance sheet date through the date on which the unaudited condensed consolidated financial statements were available to be issued. On April 8, 2019 the Company completed a secondary offering (the “April 2019 Secondary Offering”) of 5,750,000 shares of its Class A common stock at a price of $26.50 per share. The 5,750,000 shares of Class A common stock sold in the offering included a full exercise of the underwriters’ option to purchase 750,000 additional shares of Class A common stock from the Company (the “Underwriter Option”). This offering consisted of 4,500,000 shares of Class A common stock offered and sold by the Company, with the net proceeds used to purchase an equivalent number of LLC Interests and shares of Class D common stock (which shares were then cancelled) from affiliates of MDP, and 500,000 shares of Class A common stock offered and sold by the Company, with the net proceeds used to purchase an equivalent number of LLC Interests and Class B common stock (which shares were then cancelled) from Blueapple. The Company received net proceeds of $19.0 million from the sale of 750,000 shares of Class A common stock to the underwriter upon exercise of the Underwriter Option, and used these proceeds to purchase an equivalent number of LLC Interests directly from EVO, LLC at a purchase price per LLC Interest equal to the public offering price per share of Class A common stock less underwriting discounts and commissions paid. EVO, LLC utilized the net proceeds from this offering to pay down the Company’s revolving credit facility under its Senior Secured Credit Facilities. In connection with this offering the Company recognized an additional deferred tax asset of $36.0 million related to the TRA and a corresponding liability of $30.6 million. Following the April 2019 Secondary Offering, there were 32,275,414 shares of Class A common stock outstanding, and EVO, Inc. held 39.4% of the LLC Interests.

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Description of Business and Summary of Significant Accounting Policies
Basis of Presentation and Use of Estimates	(b) The accompanying unaudited condensed consolidated balance sheets as of March 31, 2019 , the unaudited condensed consolidated statements of operations and comprehensive (loss) income for the three months ended March 31, 2019 and 2018, the unaudited condensed consolidated statement of changes in equity for the three months ended March 31, 2019, and the unaudited condensed consolidated statements of cash flows for the three months ended March 31, 2019 and 2018 reflect all adjustments that are of a normal, recurring nature and that are considered necessary for a fair presentation of the results for the periods shown in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial reporting periods. Accordingly, certain information and footnote disclosures have been condensed or omitted in accordance with SEC rules that would ordinarily be required under U.S. GAAP for complete financial statements. The unaudited interim condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2018. The preparation of the unaudited condensed consolidated financial statements in conformity with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported assets and liabilities, the disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements, and the reported amounts of revenue and expenses during the period. Actual results could differ from those estimates. Estimates are used for accounting purposes including, but not limited to, calculating redeemable non-controlling interests (“RNCI”), calculating income taxes, and determining the fair value of long-lived assets. Presentation of Consolidated Balance Sheet and Consolidated Statement of Changes in Equity at December 31, 2018: The previously presented nonredeemable non-controlling interests, which relate to the portion of equity in a consolidated subsidiary not attributable, directly or indirectly, to the Company as of December 31, 2018, were retrospectively adjusted to reflect the exchange of certain Class C and D shares to Class A shares. The Company has deemed the correction to be immaterial as there is no impact to the Company’s results of operations, cash flows from operating, investing, or financing activities, or consolidated shareholders’ deficit. This immaterial adjustment decreased the previously reported amounts of $178.2 million and ($814.1) million of additional paid-in capital and nonredeemable non-controlling interests, as reported in the consolidated balance sheet and consolidated statement of changes in equity as of December 31, 2018, to $157.5 million and ($793.4) million, respectively.
Principles of Consolidation	(c) The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As sole managing member of EVO, LLC, the Company exerts control over the Group. In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation , EVO, Inc. consolidates the Group’s consolidated financial statements and records the interests in EVO, LLC that it does not own as non-controlling interests. All intercompany accounts and transactions have been eliminated in consolidation. The Company accounts for investments over which it has significant influence but not a controlling financial interest using the equity method of accounting.
Cash and Cash Equivalents and Merchant Reserves	(d) Cash and cash equivalents include all cash balances and highly liquid securities with original maturities of three months or less when acquired. Cash balances often exceed federally insured limits; however, concentration of credit risk is limited due to the payment of funds on the day following receipt in satisfaction of the settlement process. Included in cash and cash equivalents are merchant reserve cash balances, which represent funds collected from the Company’s merchants that serve as collateral to minimize contingent liabilities associated with any losses that may occur under the respective merchant agreements (“Merchant Reserves”). While this cash is not restricted in its use, the Company believes that maintaining the Merchant Reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors (“Member Banks”) and is in accordance with the guidelines set by the card networks. As of March 31, 2019, and December 31, 2018, Merchant Reserves were $102.3 million and $107.8 million, respectively.
Recent Accounting Pronouncements	(e) New accounting pronouncements issued by the FASB or other standards setting bodies that are adopted by the Company are adopted as of the specified effective date. Unless otherwise discussed, management believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s unaudited condensed consolidated financial statements upon adoption. As the Company is considered an emerging growth company under the JOBS Act, adoption of new accounting standards will be consistent with private company effective dates. Recently Adopted Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2014-09, Revenue From Contracts With Customers (“ASC 606”), with amendments in 2015, 2016 and 2017. T his ASU supersedes the revenue recognition requirements in ASC 605, Revenue Recognition (“ASC 605”). The new standard provides a five-step analysis of transactions to determine when and how revenue is recognized, based upon the core principle that revenue is recognized to depict the transfer of goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The new standard also requires additional disclosures regarding the nature, amount, timing, and uncertainty of revenue and cash flows arising from contracts with customers. The Company adopted ASC 606 on January 1, 2019, using the modified retrospective method and applying the standard to all contracts not completed on the date of adoption. Results for the reporting period beginning January 1, 2019 are presented under ASC 606, while prior period amounts continue to be reported in accordance with the Company's historic accounting practices under previous guidance. The primary impact to the Company’s unaudited condensed consolidated financial statements as a result of the adoption of ASC 606 is a change in total net revenue attributable to the presentation of network processing fees on a net basis, driven by changes in principal and agent considerations, as compared to previously being presented on a gross basis. Under the modified retrospective basis, the Company has not restated its comparative unaudited condensed consolidated financial statements for these effects. The following table presents the impact of adopting ASC 606 on the Company’s unaudited condensed consolidated financial statements for the three months ended March 31, 2019: Three Months Ended March 31, 2019 As reported Adjustment Presented without adoption of ASC 606 (In thousands) Revenue $ 111,518 $ 23,904 $ 135,422 Operating expenses Cost of services and products, exclusive of $ 24,083 $ 23,904 $ 47,987 The adoption of ASC 606 did not have a material impact on the Company’s unaudited condensed consolidated balance sheet and statement of cash flows as of and for the three months ended March 31, 2019. The Company has expanded its unaudited condensed consolidated financial statement disclosures as required by this new standard. See Note 2, “Revenue” for additional disclosures provided as a result of the adoption of ASC 606. Recently Issued Accounting Pronouncements Not Yet Adopted In February 2016, the FASB issued ASU 2016-02, Leases , with amendments in 2018 and 2019. This standard aims to increase transparency and comparability among organizations by recognizing lease assets and lease liabilities on the balance sheet and disclosing key information about leasing arrangements. The new standard is effective for public companies for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years; however, the Company has elected the extended transition period as provided for under the JOBS Act. The new standard is therefore effective for the Company for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, provided that the Company maintains its emerging growth company status through December 31, 2019. Early application of this ASU is permitted for all entities. Although the Company is in the process of determiing the impact to the unaudited condensed consolidated financial statements, the Company currently expects that most of the existing operating lease commitments will be subject to the new standard and will be recognized as operating lease liabilities and right-of-use assets upon adoption. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement. This update provides clarification and modifies the disclosure requirements on fair value measurement in Topic 820, Fair Value Measurement . The effective date of this update is for fiscal years beginning after December 15, 2019, and interim periods within those fiscal years, with early adoption permitted. The adoption of this ASU is not expected to have a material impact on the Company’s unaudited condensed consolidated financial statements.

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
ASU 2014-09
Recently Adopted Accounting Pronouncements
Schedule of the impact of adopting ASC 606	Three Months Ended March 31, 2019 As reported Adjustment Presented without adoption of ASC 606 (In thousands) Revenue $ 111,518 $ 23,904 $ 135,422 Operating expenses Cost of services and products, exclusive of $ 24,083 $ 23,904 $ 47,987

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Mar. 31, 2019
Revenue
Summary of revenue	Three Months Ended March 31, 2019 North America Europe Total (In thousands) Divisions: Direct $ 35,111 $ 33,084 $ 68,195 Tech-enabled 26,607 8,469 35,076 Traditional 8,247 — 8,247 $ 69,965 $ 41,553 $ 111,518 Three Months Ended March 31, 2018 North America Europe Total (In thousands) Divisions: Direct $ 37,503 $ 42,697 $ 80,200 Tech-enabled 25,700 12,209 37,909 Traditional 10,173 — 10,173 $ 73,376 $ 54,906 $ 128,282

Settlement Processing Assets _2

Settlement Processing Assets and Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Settlement Processing Assets and Liabilities
Summary of settlement processing assets and liabilities	March 31, December 31, 2019 2018 (In thousands) Settlement processing assets: Receivable from card networks $ 527,769 $ 195,817 Receivable from merchants 102,975 52,513 Totals $ 630,744 $ 248,330 Settlement processing obligations: Settlement liabilities $ (578,407) $ (320,492) Merchant reserves (102,329) (107,836) Totals $ (680,736) $ (428,328)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2019
Earnings Per Share
Schedule of computation of basic and diluted net income per share	Three Months Ended March 31, 2019 Numerator: Net loss attributable to EVO Payments, Inc. $ (5,290) Denominator: Weighted average Class A common stock outstanding 26,365,552 Effect of dilutive securities — Total dilutive securities 26,365,552 Earnings per share: Basic $ (0.20) Diluted $ (0.20) Antidilutive securities: Stock options 2,342,168 RSUs 601,050 Convertible Class C common stock 2,449,055 Convertible Class D common stock 16,306,954 RSAs 34,880

Acquisitions (Tables)

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2019
Federated
Acquisitions
Schedule of allocation of purchase price	As of the acquisition date (in thousands) Tangible assets acquired $ 1,702 Deferred tax liability (1,357) Amortizable intangible assets Trademarks 1,200 Merchant contract portfolios 11,400 Goodwill 33,677 Total net assets acquired $ 46,622

Equipment and Improvements (Tab

Equipment and Improvements (Tables)	3 Months Ended
	Mar. 31, 2019
Equipment and Improvements
Schedule of equipment and improvements	Estimated Useful Lives in March 31, December 31, Years 2019 2018 (In thousands) Card processing 3-5 $ 131,760 $ 128,244 Office equipment 3-5 42,584 41,771 Computer software 3 43,602 44,373 Leasehold improvements various 15,344 16,234 Furniture and fixtures 5-7 6,201 5,673 Totals 239,491 236,295 Less accumulated depreciation (143,939) (136,947) Foreign currency translation adjustment 2,485 3,698 Totals $ 98,037 $ 103,046

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2019
Goodwill and Intangible Assets
Schedule of intangible assets, net	March 31, December 31, 2019 2018 (In thousands) Intangible assets with finite lives: Merchant contract portfolios: Gross carrying value $ 293,069 $ 293,069 Accumulated amortization (145,549) (139,159) Accumulated impairment losses (7,089) (5,658) Foreign currency translation adjustment (27,538) (27,975) Net 112,893 120,277 Marketing alliance agreements: Gross carrying value 191,879 191,879 Accumulated amortization (50,804) (47,777) Accumulated impairment losses (11,920) (7,585) Foreign currency translation adjustment (18,529) (18,634) Net 110,626 117,883 Trademarks, finite-lived: Gross carrying value 28,727 28,657 Accumulated amortization (11,327) (10,748) Foreign currency translation adjustment (4,491) (4,446) Net 12,909 13,463 Internally developed and acquired software: Gross carrying value 65,975 60,876 Accumulated amortization (18,082) (15,794) Accumulated impairment losses (10,190) (9,324) Foreign currency translation adjustment (2,466) (2,260) Net 35,237 33,498 Non-competition agreements: Gross carrying value 6,462 6,462 Accumulated amortization (5,455) (5,316) Foreign currency translation adjustment (1) — Net 1,006 1,146 Total finite-lived, net 272,671 286,267 Trademarks, indefinite-lived: Gross carrying value 18,499 18,499 Accumulated impairment losses (14,627) (14,627) Net 3,872 3,872 Total intangible assets, net $ 276,543 $ 290,139
Schedule of estimated amortization expense	Amount (In thousands) Years ending: 2019 (remainder of the year) $ 36,204 2020 43,537 2021 38,667 2022 29,976 2023 24,807 2024 and thereafter 99,480 Total $ 272,671
Schedule of net intangible assets by segment	March 31, December 31, 2019 2018 (In thousands) Intangible assets, net: North America Merchant contract portfolios $ 83,281 $ 88,141 Marketing alliance agreements 75,919 76,590 Trademarks, finite-lived 2,607 2,585 Internally developed software 22,148 20,167 Non-competition agreements 955 1,089 Trademarks, indefinite-lived 3,872 3,872 Total 188,782 192,444 Europe Merchant contract portfolios 29,612 32,136 Marketing alliance agreements 34,707 41,293 Trademarks, finite-lived 10,302 10,878 Internally developed software 13,089 13,331 Non-competition agreements 51 57 Total 87,761 97,695 Total intangible assets, net $ 276,543 $ 290,139
Schedule of goodwill activity	Reportable Segment North America Europe Total (In thousands) Goodwill, gross, as of December 31, 2018 $ 240,837 $ 136,465 $ 377,302 Accumulated impairment losses — (24,291) (24,291) Goodwill, net, as of December 31, 2018 240,837 112,174 353,011 Business combinations — 40 40 Foreign currency translation adjustment 855 (2,100) (1,245) Goodwill, net as of March 31, 2019 $ 241,692 $ 110,114 $ 351,806

Accounts Payable and Accrued _2

Accounts Payable and Accrued Liabilities (Tables)	3 Months Ended
	Mar. 31, 2019
Accounts Payable and Accrued Liabilities
Schedule of accounts payable and accrued expenses	March 31, December 31, 2019 2018 (In thousands) Compensation and related benefits $ 17,959 $ 22,280 Third-party processing and payment network fees 36,186 37,702 Trade accounts payable 47,358 44,581 Taxes payable 12,492 16,292 Commissions payable to third parties and agents 12,960 13,141 Unearned revenue 4,356 4,579 Other 28,038 22,641 $ 159,349 $ 161,216

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2019
Related Party Transactions
Schedule of related party balances	March 31, December 31, 2019 2018 (In thousands) Receivables from sale of POS devices and peripherals $ 291 $ 303 Receivables from related companies 975 1,560 Notes receivable, current 42 8 Due from related parties, current $ 1,308 $ 1,871 Notes receivable, long term 797 915 Due from related parties, long term $ 797 $ 915 Liabilities to related companies 3,690 4,824 Due to related parties, current $ 3,690 $ 4,824 ISO commission reserve 385 385 Due to related parties, long term $ 385 $ 385

Long-Term Debt and Lines of C_2

Long-Term Debt and Lines of Credit (Tables)	3 Months Ended
	Mar. 31, 2019
Long-Term Debt and Lines of Credit
Summary of long-term debt	March 31, December 31, 2019 2018 (In thousands) First lien term loan $ 653,124 $ 654,775 First lien revolver 44,601 42,266 Less debt issuance costs (12,315) (12,985) Total long-term debt 685,410 684,056 Less current portion of long-term debt (7,723) (7,191) Total long-term debt, net of current portion $ 677,687 $ 676,865
Schedule of principal payment requirements	Amounts (In thousands) Years ending December 31: 2019 (remainder of the year) $ 6,074 2020 6,593 2021 6,593 2022 6,593 2023 671,872 2024 and thereafter — $ 697,725

Supplemental Cash Flows Infor_2

Supplemental Cash Flows Information (Tables)	3 Months Ended
	Mar. 31, 2019
Supplemental Cash Flows Information
Schedule of supplemental cash flow disclosures and noncash investing and financing activities	2019 2018 (In thousands) Supplemental disclosure of cash flow data: Interest paid $ 10,230 $ 13,589 Income taxes paid 4,965 2,102 Supplemental disclosure of noncash financing activities: Contingent consideration payable 337 4,747 Exchange of Class D common stock for Class A common stock $ 20,293 $ —

Redeemable Non-controlling In_2

Redeemable Non-controlling Interests (Tables)	3 Months Ended
	Mar. 31, 2019
Redeemable Non-controlling Interests
Schedule of components of redeemable non-controlling interest	Post-IPO Pre-IPO March 31, December 31, May 23, 2019 2018 2018 (In thousands) Beginning balance $ 1,010,093 $ 689,569 $ 148,266 Net income attributable to RNCI - eService 450 4,914 1,291 Net loss attributable to RNCI - Blueapple (9,382) (39,129) — Gain (loss) on OCI - eService (1,155) (2,368) (2,104) Gain (loss) on OCI - Blueapple (1,425) (3,935) — Gain (loss) on defined benefit plan revaluation - Blueapple — (192) — Legacy accumulated deficit allocation — — (150,485) Legacy AOCI allocation — — (39,404) Increase (decrease) in the maximum redemption amount of RNCI - eService 1,979 (19,741) — RNCI - Blueapple 168,984 374,616 735,775 Allocation of eService fair value RNCI adjustment to Blueapple (876) 8,739 — Distributions - eService (5,465) (2,380) (3,770) Ending balance $ 1,163,203 $ 1,010,093 $ 689,569

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Mar. 31, 2019
Fair Value
Schedule of information about items which are carried at fair value on a recurring basis	March 31, 2019 (In thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 102,244 $ — $ — $ 102,244 Contingent consideration — — 10,034 10,034 RNCI - Blueapple 1,043,288 — — 1,043,288 RNCI - eService — — 119,915 119,915 Total $ 1,145,532 $ — $ 129,949 $ 1,275,481 December 31, 2018 (In thousands) Level 1 Level 2 Level 3 Total Cash equivalents $ 106,164 $ — $ — $ 106,164 Contingent consideration — — 8,189 8,189 RNCI - Blueapple 885,986 — — 885,986 RNCI - eService — — 124,107 124,107 Total $ 992,150 $ — $ 132,296 $ 1,124,446

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2019
Segment Information
Summary of segment information	Three Months Ended March 31, 2019 2018 (In thousands) Segment revenue: North America $ 69,965 $ 73,376 Europe 41,553 54,906 Revenue $ 111,518 $ 128,282 Segment profit: North America $ 14,880 $ 20,878 Europe 9,693 12,104 Total segment profit 24,573 32,982 Corporate (7,619) (9,634) Depreciation and amortization (22,745) (19,887) Net interest expense (10,977) (14,826) Provision for income tax expense (988) (4,428) Share-based compensation expense (1,845) — Net loss attributable to EVO Investco, LLC $ (15,793) Net loss attributable to non-controlling interests of EVO Investco, LLC 14,311 Net loss attributable to EVO Payments, Inc. $ (5,290) Capital expenditures: North America $ 1,866 $ 4,640 Europe 4,637 3,950 Consolidated total capital expenditures $ 6,503 $ 8,590
Schedule of information on segments and reconciliations to total assets	March 31, December 31, 2019 2018 (In thousands) Segment total assets: North America $ 1,226,580 $ 994,952 Europe 542,816 539,435 Total assets $ 1,769,396 $ 1,534,387

Shareholder_s Equity (Tables)

Shareholder’s Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Shareholders' Equity
Schedule of voting and economic rights of common stockholders	The voting and economic rights associated with our classes of common stock are summarized in the following table: Class of Common Stock Holders Voting rights* Economic rights Class A common stock Public, MDP, Executive Officers, and Current and Former Employees One vote per share Yes Class B common stock Blueapple 15.9% No Class C common stock Executive Officers 3.5 votes per share, subject to aggregate cap No Class D common stock MDP and Current and Former Employees One vote per share No *

Stock Compensation Plans and _2

Stock Compensation Plans and Share-Based Compensation Awards (Tables)	3 Months Ended
	Mar. 31, 2019
Stock Compensation Plans and Share-Based Compensation Awards
Summary of share based compensation expense and related income tax benefit recognized for share-based compensation awards	Three Months Ended March 31, 2019 2018 Share-based compensation expense $ 1,845 $ — Income tax benefit $ (139) $ —
Summary of stock option activity	A summary of stock option activity is as follows (in thousands, except per share data): Number of Options Weighted average grant date fair value Weighted average exercise price Weighted average remaining contractual term Balance at December 31, 2018 2,086 $ 6.77 $ 16.22 Granted 1,270 9.43 26.00 Exercised — — — Forfeited (18) 6.68 16.00 Balance at March 31, 2019 3,338 $ 7.78 $ 19.95 9.46
Summary of assumptions used in estimating the grant date fair values	Three Months Ended March 31, 2019 Expected life (in years) 7.00 Weighted average risk-free interest rate 2.5% Expected volatility 29.0% Dividend yield 0.0% Weighted average fair value at grant date $ 9.43
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	A summary of RSA activity is as follows (in thousands, except per share data): Number of RSAs Weighted average grant date fair value Balance at December 31, 2018 42 $ 16.00 Granted — — Vested (11) 16.00 Forfeited — — Balance at March 31, 2019 31 $ 16.00
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	A summary of RSU activity is as follows (in thousands, except per share data): Number of RSUs Weighted average grant date fair value Balance at December 31, 2018 506 $ 16.30 Granted 470 26.01 Vested — — Forfeited (4) 16.00 Balance at March 31, 2019 972 $ 21.00

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies - Other (Details) $ in Thousands	Mar. 31, 2019USD ($)item	Mar. 31, 2019USD ($)segmentitem	Dec. 31, 2018USD ($)
Minimum number of merchants | item	550,000	550,000
Number of markets | item	50	50
Number of reportable segments | segment		2
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)	$ (1,041,343)	$ (1,041,343)	$ (862,682)
Cash and Cash Equivalents and Merchant Reserves
Merchant reserve cash balances	102,300	102,300	107,800
Additional paid-in capital
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)	139,425	139,425	178,176
Additional paid-in capital | Previously reported
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)			178,200
Additional paid-in capital | Restatement Adjustment
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)			157,500
Nonredeemable non-controlling interests
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)	$ (848,079)	$ (848,079)	(814,074)
Nonredeemable non-controlling interests | Previously reported
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)			(814,100)
Nonredeemable non-controlling interests | Restatement Adjustment
Presentation of Consolidared Balance Sheet and Consolidated Statement of Changes in Equity
Shareholders' equity (deficit)			$ (793,400)
EVO LLC
Ownership interest (as a percent)	32.60%

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Recent Accounting Pronouncements (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Recent Accounting Pronouncements
Revenue	$ 111,518	$ 128,282
Operating expenses:
Cost of services and products, exclusive of depreciation and amortization	24,083	44,513
Presented without adoption of ASC 606
Recent Accounting Pronouncements
Revenue		$ 128,282
ASU 2014-09 | Adjustment
Recent Accounting Pronouncements
Revenue	23,904
Operating expenses:
Cost of services and products, exclusive of depreciation and amortization	23,904
ASU 2014-09 | Presented without adoption of ASC 606
Recent Accounting Pronouncements
Revenue	135,422
Operating expenses:
Cost of services and products, exclusive of depreciation and amortization	$ 47,987

Revenue - Other (Details)

Revenue - Other (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenue	$ 111,518	$ 128,282
Sale and Rental of POS Equipment
Revenue
Revenue	$ 9,700	$ 10,300

Revenue - Summary (Details)

Revenue - Summary (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Revenue
Revenue	$ 111,518	$ 128,282
Tech-enabled
Revenue
Revenue	35,076
Direct
Revenue
Revenue	68,195
Traditional
Revenue
Revenue	8,247
North America
Revenue
Revenue	69,965	73,376
North America | Tech-enabled
Revenue
Revenue	26,607
North America | Direct
Revenue
Revenue	35,111
North America | Traditional
Revenue
Revenue	8,247
Europe
Revenue
Revenue	41,553	54,906
Europe | Tech-enabled
Revenue
Revenue	8,469
Europe | Direct
Revenue
Revenue	$ 33,084
Presented without adoption of ASC 606
Revenue
Revenue		128,282
Presented without adoption of ASC 606 | Tech-enabled
Revenue
Revenue		37,909
Presented without adoption of ASC 606 | Direct
Revenue
Revenue		80,200
Presented without adoption of ASC 606 | Traditional
Revenue
Revenue		10,173
Presented without adoption of ASC 606 | North America
Revenue
Revenue		73,376
Presented without adoption of ASC 606 | North America | Tech-enabled
Revenue
Revenue		25,700
Presented without adoption of ASC 606 | North America | Direct
Revenue
Revenue		37,503
Presented without adoption of ASC 606 | North America | Traditional
Revenue
Revenue		10,173
Presented without adoption of ASC 606 | Europe
Revenue
Revenue		54,906
Presented without adoption of ASC 606 | Europe | Tech-enabled
Revenue
Revenue		12,209
Presented without adoption of ASC 606 | Europe | Direct
Revenue
Revenue		$ 42,697

Settlement Processing Assets _3

Settlement Processing Assets and Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Settlement processing assets:
Receivable from card networks	$ 527,769	$ 195,817
Receivable from merchants	102,975	52,513
Totals	630,744	248,330
Settlement processing obligations:
Settlement liabilities	(578,407)	(320,492)
Merchant reserves	(102,329)	(107,836)
Totals	$ (680,736)	$ (428,328)

Earnings Per Share (Details)

Earnings Per Share (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares
Earnings Per Share
Net (loss) income attributable to EVO Payments, Inc | $	$ (5,290)
Weighted average Class A common stock outstanding	26,365,552
Total dilutive securities	26,365,552
Basic (in dollars per share) | $ / shares	$ (0.20)
Diluted (in dollars per share) | $ / shares	$ (0.20)
Stock options
Earnings Per Share
Antidilutive securities	2,342,168
RSUs
Earnings Per Share
Antidilutive securities	601,050
Class C Common Stock
Earnings Per Share
Antidilutive securities	2,449,055
Class D Common Stock
Earnings Per Share
Antidilutive securities	16,306,954
Unit Appreciation Rights
Earnings Per Share
Antidilutive securities	34,880

Tax Receivable Agreement (Detai

Tax Receivable Agreement (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Tax Receivable Agreement
Payment on applicable cash tax savings (as a percent)	85.00%
Minimum first payment due after filing of companys tax return	95 days
Maximum first payment due after filing of companys tax return	125 days
Deferred tax asset recorded in connection with a stock offering	$ 56.6
Amount of payment liability pursuant to tax receivable agreements	48.9
Minimum tax receivable agreement obligation over the agreed period	0
Maximum tax receivable agreement obligation over the agreed period	$ 3.8
Period over which the obligations are to be settled	15 years

Acquisitions (Details)

Acquisitions (Details) $ in Thousands, € in Millions	1 Months Ended								3 Months Ended		12 Months Ended
	Oct. 31, 2018EUR (€)	Oct. 31, 2018USD ($)	Sep. 30, 2018USD ($)	May 31, 2018USD ($)	Apr. 30, 2018EUR (€)	Apr. 30, 2018USD ($)	Mar. 31, 2018USD ($)	Feb. 28, 2018USD ($)	Mar. 31, 2019EUR (€)	Mar. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Allocation of purchase price
Goodwill										$ 351,806	$ 353,011
Other disclosures:
Book value of the investment										$ 1,896	$ 1,753
Trademarks
Acquisitions
Useful life of intangible assets	5 years	5 years
Card Processing | Minimum
Acquisitions
Useful life of equipment									3 years	3 years	3 years
Card Processing | Maximum
Acquisitions
Useful life of equipment									5 years	5 years	5 years
Office equipment | Minimum
Acquisitions
Useful life of equipment									3 years	3 years	3 years
Office equipment | Maximum
Acquisitions
Useful life of equipment									5 years	5 years	5 years
Computer software
Acquisitions
Useful life of equipment									3 years	3 years	3 years
Way 2 Pay Ltd
Acquisitions
Percentage of interest acquired										100.00%
Upfront payment | €									€ 2.7
Total consideration transferred									3	$ 3,400
Holdback liability | €									€ 0.3
Useful life of intangible assets									5 years	5 years
Allocation of purchase price
Amortizable intangible assets										$ 3,300
EVO Payments International Corp. - Canada
Acquisitions
Percentage of interest acquired								30.00%
Contingent consideration								$ 900
Reduction to members' deficit								400
Reduction to nonredeemable non-controlling interest								$ 500
Nationwide Payment Solutions, LLC
Acquisitions
Percentage of interest acquired							38.00%
Contingent consideration							$ 3,800
Reduction to members' deficit							20,100
Reduction to nonredeemable non-controlling interest							600
Upfront payment							$ 16,900
Liberbank, S.A
Acquisitions
Total consideration transferred					€ 7.9	$ 9,500
Liberbank, S.A | Merchant contract portfolios
Acquisitions
Useful life of intangible assets					5 years	5 years
Liberbank, S.A | Marketing alliance agreements
Acquisitions
Useful life of intangible assets					15 years	15 years
Liberbank, S.A | Trademarks
Acquisitions
Useful life of intangible assets					15 years	15 years
Liberbank, S.A | Card Processing
Acquisitions
Useful life of equipment					3 years	3 years
Nodus Technologies, Inc
Acquisitions
Percentage of interest acquired				100.00%
Total consideration transferred				$ 18,000
Holdback liability				$ 800
Nodus Technologies, Inc | Minimum
Acquisitions
Useful life of equipment				5 years
Nodus Technologies, Inc | Maximum
Acquisitions
Useful life of equipment				7 years
Nodus Technologies, Inc | Merchant contract portfolios
Acquisitions
Useful life of intangible assets				15 years
Nodus Technologies, Inc | Internally developed software
Acquisitions
Useful life of intangible assets				10 years
Nodus Technologies, Inc | Non-competition agreements
Acquisitions
Useful life of intangible assets				3 years
Nodus Technologies, Inc | Trademarks
Acquisitions
Useful life of intangible assets				20 years
Nodus Technologies, Inc | Computer software
Acquisitions
Useful life of equipment				3 years
Federated
Acquisitions
Total consideration transferred			$ 38,200
Holdback liability			500
Acquisition related costs			400
Allocation of purchase price
Tangible assets acquired			1,702
Deferred tax liability			(1,357)
Amortizable intangible assets			12,600
Goodwill			33,677
Total purchase price			46,622
Other disclosures:
Book value of the investment			0
Gain on acquisition of unconsolidated investee			$ 8,400
Federated | Merchant contract portfolios
Acquisitions
Useful life of intangible assets			10 years
Allocation of purchase price
Amortizable intangible assets			$ 11,400
Federated | Trademarks
Acquisitions
Useful life of intangible assets			5 years
Allocation of purchase price
Amortizable intangible assets			$ 1,200
Federated US
Acquisitions
Percentage of interest acquired			67.00%
Federated Canada
Acquisitions
Percentage of interest acquired			100.00%
ClearONE
Acquisitions
Percentage of interest acquired	100.00%	100.00%
Total consideration transferred	€ 5.4	$ 6,300
Holdback liability | €	€ 0.5
ClearONE | Internally developed software
Acquisitions
Useful life of intangible assets	5 years	5 years
ClearONE | Non-competition agreements | Minimum
Acquisitions
Useful life of intangible assets	2 years	2 years
ClearONE | Non-competition agreements | Maximum
Acquisitions
Useful life of intangible assets	3 years	3 years
ClearONE | Card Processing | Minimum
Acquisitions
Useful life of equipment	3 years	3 years
ClearONE | Card Processing | Maximum
Acquisitions
Useful life of equipment	5 years	5 years

Equipment and Improvements (Det

Equipment and Improvements (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 239,491		$ 236,295
Less accumulated depreciation	(143,939)		(136,947)
Foreign currency translation adjustment	2,485		3,698
Totals	98,037		103,046
Depreciation
Depreciation expense	10,500	$ 9,000
Decrease in equipment and improvements	4,600	400
Decrease in accumulated depreciation	4,500	$ 300
Card Processing
Equipment and Improvements
Equipment and improvements, Gross Totals	131,760		128,244
Office equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	42,584		41,771
Computer software
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 43,602		$ 44,373
Estimated useful lives	3 years		3 years
Leasehold improvements
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 15,344		$ 16,234
Furniture and fixtures
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 6,201		$ 5,673
Minimum | Card Processing
Equipment and Improvements
Estimated useful lives	3 years		3 years
Minimum | Office equipment
Equipment and Improvements
Estimated useful lives	3 years		3 years
Minimum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives	5 years		5 years
Maximum | Card Processing
Equipment and Improvements
Estimated useful lives	5 years		5 years
Maximum | Office equipment
Equipment and Improvements
Estimated useful lives	5 years		5 years
Maximum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives	7 years		7 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Intangible assets, net (Details) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Intangible assets with finite lives:
Net	$ 272,671		$ 286,267
Accumulated impairment losses	(6,632)
Total intangible assets, net	276,543		290,139
Amortization expense related to intangible assets	12,400	$ 10,800
Trademarks
Intangible assets with finite lives:
Gross carrying value	18,499		18,499
Accumulated impairment losses	(14,627)		(14,627)
Net	3,872		3,872
Merchant contract portfolios
Intangible assets with finite lives:
Gross carrying value	293,069		293,069
Accumulated amortization	(145,549)		(139,159)
Accumulated impairment losses	(7,089)		(5,658)
Foreign currency translation adjustment	(27,538)		(27,975)
Net	112,893		120,277
Marketing alliance agreements
Intangible assets with finite lives:
Gross carrying value	191,879		191,879
Accumulated amortization	(50,804)		(47,777)
Accumulated impairment losses	(11,920)		(7,585)
Foreign currency translation adjustment	(18,529)		(18,634)
Net	110,626		117,883
Trademarks
Intangible assets with finite lives:
Gross carrying value	28,727		28,657
Accumulated amortization	(11,327)		(10,748)
Foreign currency translation adjustment	(4,491)		(4,446)
Net	12,909		13,463
Internally developed software
Intangible assets with finite lives:
Gross carrying value	65,975		60,876
Accumulated amortization	(18,082)		(15,794)
Accumulated impairment losses	(10,190)		(9,324)
Foreign currency translation adjustment	(2,466)		(2,260)
Net	35,237		33,498
Non-competition agreements
Intangible assets with finite lives:
Gross carrying value	6,462		6,462
Accumulated amortization	(5,455)		(5,316)
Foreign currency translation adjustment	(1)
Net	$ 1,006		$ 1,146

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Estimated amortization expense (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Estimated amortization expense
2019 (remainder for the year)	$ 36,204
2020	43,537
2021	38,667
2022	29,976
2023	24,807
2024 and thereafter	99,480
Total	$ 272,671	$ 286,267

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Net intangible assets by segment (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Intangible assets, net
Total intangible assets, net	$ 276,543	$ 290,139
North America
Intangible assets, net
Total intangible assets, net	188,782	192,444
North America | Trademarks
Intangible assets, net
Total intangible assets, net	3,872	3,872
North America | Merchant contract portfolios
Intangible assets, net
Total intangible assets, net	83,281	88,141
North America | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	75,919	76,590
North America | Trademarks
Intangible assets, net
Total intangible assets, net	2,607	2,585
North America | Internally developed software
Intangible assets, net
Total intangible assets, net	22,148	20,167
North America | Non-competition agreements
Intangible assets, net
Total intangible assets, net	955	1,089
Europe
Intangible assets, net
Total intangible assets, net	87,761	97,695
Europe | Merchant contract portfolios
Intangible assets, net
Total intangible assets, net	29,612	32,136
Europe | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	34,707	41,293
Europe | Trademarks
Intangible assets, net
Total intangible assets, net	10,302	10,878
Europe | Internally developed software
Intangible assets, net
Total intangible assets, net	13,089	13,331
Europe | Non-competition agreements
Intangible assets, net
Total intangible assets, net	$ 51	$ 57

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Goodwill activity (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		$ 377,302
Accumulated impairment losses		(24,291)
Goodwill, net, at the beginning of the year	$ 353,011
Business combinations		40
Foreign currency translation adjustment	(1,245)
Goodwill, net, at the end of the year	351,806	353,011
North America
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		240,837
Goodwill, net, at the beginning of the year	240,837
Foreign currency translation adjustment	855
Goodwill, net, at the end of the year	241,692	240,837
Europe
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		136,465
Accumulated impairment losses		(24,291)
Goodwill, net, at the beginning of the year	112,174
Business combinations		40
Foreign currency translation adjustment	(2,100)
Goodwill, net, at the end of the year	$ 110,114	$ 112,174

Goodwill and Intangible Asset_6

Goodwill and Intangible Assets - Narrative (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018
Goodwill and Intangible Assets
Loss on agreement termination	$ 4,400
Goodwill impairment		$ 0	$ 0
Merchant contract portfolios
Goodwill and Intangible Assets
Additional impairments		1,400
Internally developed software
Goodwill and Intangible Assets
Additional impairments		$ 800

Accounts Payable and Accrued _3

Accounts Payable and Accrued Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Accounts Payable and Accrued Liabilities
Compensation and related benefits	$ 17,959	$ 22,280
Third-party processing and payment network fees	36,186	37,702
Trade accounts payable	47,358	44,581
Taxes payable	12,492	16,292
Commissions payable to third parties and agents	12,960	13,141
Unearned revenue	4,356	4,579
Other	28,038	22,641
Total accounts payable and accrued liabilities current	$ 159,349	$ 161,216

Related Party Transactions - Re

Related Party Transactions - Related party balances (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Related party balances:
Receivables from sale of POS devices and peripherals	$ 291		$ 303
Receivables from related companies	975		1,560
Note receivable, short term	42		8
Due from related parties, short term	1,308		1,871
Note receivable, long term	797		915
Due from related parties, long term	797		915
Liabilities to related companies	3,690		4,824
Due to related parties, short term	3,690		4,824
ISO commission reserve	385		385
Due to related parties, long term	385		$ 385
Commission Expense
Related Party Transactions
Expenses with related parties	$ 4,400	$ 9,000
Sale of Equipment and Services
Related Party Transactions
Revenue from related parties		$ 100

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) $ in Thousands	1 Months Ended	3 Months Ended		12 Months Ended
	Sep. 30, 2018USD ($)	Mar. 31, 2019USD ($)subsidiary	Mar. 31, 2018USD ($)	Dec. 31, 2018USD ($)	Aug. 31, 2018
Related Party Transactions
Receivables from related companies		$ 975		$ 1,560
Liabilities to related companies		3,690		4,824
Board Chairman
Related Party Transactions
Ownership interest (as a percent)					33.33%
Board Chairman and relatives
Related Party Transactions
Proceeds from sale of business	$ 15,500
Federated US
Related Party Transactions
Percentage of interest acquired					67.00%
Federated US | Board Chairman
Related Party Transactions
Ownership interest (as a percent)					33.33%
Federated Canada
Related Party Transactions
Percentage of interest acquired					100.00%
Members of EVO, LLC
Related Party Transactions
Receivables from related companies		700
Minority held affiliates
Related Party Transactions
Receivables from related companies		0		0
Liabilities to related companies		2,000		3,000
Certain employees
Related Party Transactions
Receivables from related companies		800		900
NFP
Related Party Transactions
Payment of fees		100		100
Consulting services | MDP | Maximum
Related Party Transactions
Payment of fees		100	$ 100
Treasury, Payroll, Tax Preparation and Other Services | Blueapple
Related Party Transactions
Expenses with related parties		100	100
Satisfaction of Obligation to Pay Commissions | Blueapple
Related Party Transactions
Expenses with related parties				$ 2,400
Card-based processing services | Federated US
Related Party Transactions
Revenue from related parties			100
Marketing services | Federated Canada
Related Party Transactions
Payment of fees			1,900
515 Broadhollow, LLC
Related Party Transactions
Monthly lease payment for office space in a related party transaction		100
Marketing services and equipment in exchange | Relative of Chairman
Related Party Transactions
Payment of fees		$ 100	$ 100
Number of wholly owned subsidiaries | subsidiary		1
Number of minority owned subsidiaries | subsidiary		1

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Taxes
Effective income tax rate (as a percent)	(5.50%)	(41.80%)
Period of cumulative loss	12 months

Long-Term Debt and Lines of C_3

Long-Term Debt and Lines of Credit - Summary (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Long-term debt
Long term debt gross	$ 697,725
Less debt issuance costs	(12,315)	$ (12,985)
Total long-term debt	685,410	684,056
Less current portion of long-term debt	(7,723)	(7,191)
Total long-term debt, long-term portion	677,687	676,865
Senior Secured Credit Facilities | Term loan
Long-term debt
Face amount of debt		665,000
Senior Secured Credit Facilities | Credit Facility
Long-term debt
Commitments		200,000
First lien senior secured credit facility | Term loan
Long-term debt
Long term debt gross	653,124	654,775
First lien senior secured credit facility | Credit Facility
Long-term debt
Long term debt gross	$ 44,601	$ 42,266

Long-Term Debt and Lines of C_4

Long-Term Debt and Lines of Credit - Settlement Obligations (Details) - Settlement facilities - USD ($) $ in Millions	Mar. 31, 2019	Dec. 31, 2018
Settlement obligations
Amount outstanding	$ 50.3	$ 41.8
Additional capacity	$ 48.3	$ 57.9
Weighted-average interest rate	5.45%	4.52%

Long-Term Debt and Lines of C_5

Long-Term Debt and Lines of Credit - Principal payment requirements (Details) $ in Thousands	Mar. 31, 2019USD ($)
Principal payment requirements:
2019 (remainder of the year)	$ 6,074
2020	6,593
2021	6,593
2022	6,593
2023	671,872
Total	$ 697,725

Supplemental Cash Flows Infor_3

Supplemental Cash Flows Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Supplemental disclosure of cash flow data:
Interest paid	$ 10,230	$ 13,589
Income taxes paid, net of refunds	4,965	2,102
Supplemental disclosure of noncash investing and financing activities:
Contingent consideration payable	337	$ 4,747
Exchange of Class D common stock for Class A common stock	$ 20,293

Redeemable Non-controlling In_3

Redeemable Non-controlling Interests (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018	May 23, 2018	Dec. 31, 2018
Redeemable Non-controlling Interests
Beginning balance		$ 1,010,093	$ 148,266	$ 148,266	$ 689,569
Net income attributable to redeemable non-controlling interest		(8,932)	611
Legacy accumulated deficit allocation				(150,485)
Legacy AOCI allocation				(39,404)
Distributions		(5,465)	(2,985)
Ending balance	$ 1,163,203	$ 1,163,203	$ 148,838	689,569	1,010,093
eService
Redeemable Non-controlling Interests
Ownership interest (as a percent)	66.00%	66.00%
Beginning balance		$ 124,100
Net income attributable to redeemable non-controlling interest		450		1,291	4,914
Gain (loss) on OCI		(1,155)		(2,104)	(2,368)
Increase (decrease) in the maximum redemption amount		1,979			(19,741)
Distributions		(5,465)		(3,770)	(2,380)
Ending balance	$ 119,900	$ 119,900			124,100
eService | PKO Bank Polski
Redeemable Non-controlling Interests
Ownership interest of noncontrolling owners (as a percent)	14.00%	14.00%
Blueapple
Redeemable Non-controlling Interests
Beginning balance		$ 886,000
Net income attributable to redeemable non-controlling interest		(9,382)			(39,129)
Gain (loss) on OCI		(1,425)			(3,935)
Gain (loss) on defined benefit plan revaluation					(192)
Increase (decrease) in the maximum redemption amount		168,984		$ 735,775	374,616
Allocation of fair value adjustment		(876)			8,739
Ending balance	$ 1,043,300	$ 1,043,300			$ 886,000
EVO LLC
Redeemable Non-controlling Interests
Ownership interest (as a percent)	32.60%	32.60%
Ownership interest (as a percent)	32.60%

Fair Value - Summary (Details)

Fair Value - Summary (Details) - Recurring - USD ($) $ in Thousands	Mar. 31, 2019	Dec. 31, 2018
Fair Value
Cash equivalents	$ 102,244	$ 106,164
Contingent consideration	10,034	8,189
Total	1,275,481	1,124,446
Blueapple
Fair Value
Redeemable non-controlling interest	1,043,288	885,986
eService
Fair Value
Redeemable non-controlling interest	119,915	124,107
Level 1
Fair Value
Cash equivalents	102,244	106,164
Total	1,145,532	992,150
Level 1 | Blueapple
Fair Value
Redeemable non-controlling interest	1,043,288	885,986
Level 3
Fair Value
Contingent consideration	10,034	8,189
Total	129,949	132,296
Level 3 | eService
Fair Value
Redeemable non-controlling interest	$ 119,915	$ 124,107

Fair Value - Inputs (Details)

Fair Value - Inputs (Details) $ in Millions	3 Months Ended
	Mar. 31, 2019USD ($)
Series C preferred stock
Fair Value
Estimated fair value of Visa preferred shares	$ 29.5
eService | Weighted Average Cost of Capital
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)	16.00%
eService | Minimum | Growth Rate
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)	3.00%
eService | Maximum | Growth Rate
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)	19.30%

Segment Information - Informati

Segment Information - Information on segments & reconciliations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Segment Information
Revenue	$ 111,518	$ 128,282
Segment profit	(18,031)	(10,597)
Depreciation and amortization	(22,745)	(19,887)
Net interest expense	(10,977)	(14,826)
Provision for income tax benefit (expense)	(988)	(4,428)
Share-based compensation expense	(1,845)
Net (loss) income attributable to EVO Investco, LLC		(15,793)
Less: Net loss attributable to non-controlling interests of EVO Investco, LLC	14,311
Net loss attributable to EVO Payments, Inc.	(5,290)
Capital expenditures	6,503	8,590
Total assets	1,769,396		$ 1,534,387
Operating
Segment Information
Segment profit	24,573	32,982
Corporate
Segment Information
Segment profit	(7,619)	(9,634)
North America
Segment Information
Revenue	69,965	73,376
Capital expenditures	1,866	4,640
Total assets	1,226,580		994,952
North America | Operating
Segment Information
Segment profit	14,880	20,878
Europe
Segment Information
Revenue	41,553	54,906
Capital expenditures	4,637	3,950
Total assets	542,816		$ 539,435
Europe | Operating
Segment Information
Segment profit	$ 9,693	$ 12,104

Segment Information - Revenue f

Segment Information - Revenue from external customers (Detail) - Sales Revenue - Geographic Concentration Risk	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
United States
Revenue from external customers
Revenue from external customers as a percentage of total revenue	41.40%	35.90%
Poland
Revenue from external customers
Revenue from external customers as a percentage of total revenue	19.30%	23.80%
Mexico
Revenue from external customers
Revenue from external customers as a percentage of total revenue	18.60%	20.70%

Shareholder's Equity - Prior to

Shareholder's Equity - Prior to Reorganization (Details)	May 22, 2018$ / sharesshares
Shareholder's Equity
Price per share | $ / shares	$ 16
EVO LLC | Current and Former Management and Employees | Vested Unit Appreciation Awards
Shareholder's Equity
Number of awards owned	297,121
EVO LLC | Current and Former Management and Employees | Class C and Class D
Shareholder's Equity
Economic interest in held in LLC prior to reorganization (as a percent)	6.90%
EVO LLC | Current and Former Management and Employees | Class C Units
Shareholder's Equity
Number of units held in LLC prior to reorganization	374,559
EVO LLC | Current and Former Management and Employees | Class D Units
Shareholder's Equity
Number of units held in LLC prior to reorganization	1,106,528
EVO LLC | Blueapple | Class A Units
Shareholder's Equity
Number of units held in LLC prior to reorganization	6,374,245
Economic interest in held in LLC prior to reorganization (as a percent)	54.00%
EVO LLC | MDP | Class B Units
Shareholder's Equity
Number of units held in LLC prior to reorganization	3,506,087
Economic interest in held in LLC prior to reorganization (as a percent)	29.70%
EVO LLC | Blueapple and MDP | Current and Former Management and Employees | Class E Units
Shareholder's Equity
Number of units held in LLC prior to reorganization	1,011,931
Economic interest in held in LLC prior to reorganization (as a percent)	8.60%

Shareholder's Equity - Organiza

Shareholder's Equity - Organization structure (Details)	May 23, 2018Vote
Class A Common Stock
Shareholders' Equity
Number of votes per share	1
Executive Officers | Class C Common Stock
Shareholders' Equity
Number of votes per share	3.5
Blueapple | Class B Common Stock
Shareholders' Equity
Percentage of combined voting power	15.90%
MDP | Current and Former Employees | Class D Common Stock
Shareholders' Equity
Number of votes per share	1

Stock Compensation Plans and _3

Stock Compensation Plans and Share-Based Compensation Awards - Share based compensation expenses (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)shares
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 1,845
Income tax benefit	$ (139)
2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance | shares	7,792,162

Stock Compensation Plans and _4

Stock Compensation Plans and Share-Based Compensation Awards - Awards, UAR, RSA (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)employee$ / sharesshares
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense | $	$ 1,845
UAR awards
Stock Compensation Plans and Share-Based Compensation Awards
Fair value (in dollars per share)	$ 16
Share-based compensation expense | $	$ 100
Number of employees or former employees who held awards | employee	35
RSAs
Number outstanding
Balance at beginning of period (in shares) | shares	42
Vested (in shares) | shares	(11)
Balance at end of period (in shares) | shares	31
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)	$ 16
Vested (in dollars per share)	16
Balance at end of period (in dollars per share)	$ 16

Stock Compensation Plans and _5

Stock Compensation Plans and Share-Based Compensation Awards - RSU (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense | $	$ 1,845
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense | $	700
Unrecognized compensation expense | $	$ 18,300
Vesting period	4 years
Weighted average period outstanding for unvested RSUs	3 years 4 months 24 days
Number outstanding
Balance at beginning of period (in shares) | shares	506
Granted (in shares) | shares	470
Forfeited (in shares) | shares	(4)
Balance at end of period (in shares) | shares	972
Weighted average grant date fair value
Balance at beginning of period (in dollars per share) | $ / shares	$ 16.30
Granted (in dollars per share) | $ / shares	26.01
Forfeited (in dollars per share) | $ / shares	16
Balance at end of period (in dollars per share) | $ / shares	$ 21

Stock Compensation Plans and _6

Stock Compensation Plans and Share-Based Compensation Awards - Stock Options (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2019USD ($)$ / sharesshares
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense | $	$ 1,845
Stock options
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense | $	$ 1,000
Number outstanding
Balance at beginning of period (in shares) | shares	2,086
Granted (in shares) | shares	1,270
Forfeited (in shares) | shares	(18)
Balance at end of period (in shares) | shares	3,338
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)	$ 6.77
Granted (in dollars per share)	9.43
Forfeited (in dollars per share)	6.68
Balance at end of period (in dollars per share)	7.78
Weighted average exercise price
Balance at beginning of period (in dollars per share)	16.22
Granted (in dollars per share)	26
Forfeited (in dollars per share)	16
Balance at end of period (in dollars per share)	$ 19.95
Weighted average remaining contractual term	9 years 5 months 16 days
Other disclosures
Weighted average period outstanding for unvested stock options	3 years 6 months
Unrecognized compensation expense | $	$ 22,900
Vesting period	4 years
Expiration period	10 years

Stock Compensation Plans and _7

Stock Compensation Plans and Share-Based Compensation Awards - Fair Value Assumptions (Details) - Stock options	3 Months Ended
	Mar. 31, 2019Y
Assumptions used in estimating grant date fair values
Expected life (in years)	7 years
Weighted average risk free interest rate (as a percent)	2.50%
Expected volatility (as a percent)	29.00%
Dividend yield (as a percent)	0.00%
Weighted average fair value at grant date	9.43

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions	Apr. 08, 2019	Mar. 31, 2019	Dec. 31, 2018	May 22, 2018
Subsequent Events
Price per share				$ 16
Deferred tax asset recorded in connection with a stock offering		$ 56.6
Corresponding liability related to TRA		$ 48.9
EVO LLC
Subsequent Events
LLC Interests (as a percent)		32.60%
Class A Common Stock
Subsequent Events
Number of shares outstanding		26,514,112	26,025,189
Subsequent Event | EVO LLC
Subsequent Events
LLC Interests (as a percent)	39.40%
Subsequent Event | Secondary Offering
Subsequent Events
Deferred tax asset recorded in connection with a stock offering	$ 36
Corresponding liability related to TRA	30.6
Subsequent Event | Secondary Offering Overallotment
Subsequent Events
Net proceeds	$ 19
Subsequent Event | Class A Common Stock
Subsequent Events
Number of shares outstanding	32,275,414
Subsequent Event | Class A Common Stock | Secondary Offering
Subsequent Events
Number of shares issued	5,750,000
Price per share	$ 26.50
Subsequent Event | Class A Common Stock | Secondary Offering Overallotment
Subsequent Events
Number of shares issued	750,000
Subsequent Event | Class A common stock issued to purchase LLC Interests and Class D common stock | Secondary Offering
Subsequent Events
Number of shares issued	4,500,000
Subsequent Event | Common Class A Issued to Purchase LLC Interests and Class B Common Stock | Secondary Offering
Subsequent Events
Number of shares issued	500,000