EVO Payments (EVOP) 10-Q 3 Nov 21 2021 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2021	Oct. 25, 2021
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2021
Document Transition Report	false
Entity File Number	001-38504
Entity Registrant Name	EVO Payments, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	82-1304484
Entity Address, Address Line One	Ten Glenlake Parkway
Entity Address, Address Line Two	South Tower, Suite 950
Entity Address, City or Town	Atlanta
Entity Address, Country	GE
Entity Address, Postal Zip Code	30328
City Area Code	770
Local Phone Number	709-7374
Title of 12(b) Security	Class A common stock, par value $0.0001 per share
Trading Symbol	EVOP
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0001704596
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Entity Common Stock, Shares Outstanding		47,424,542
Class D Common Stock
Entity Common Stock, Shares Outstanding		3,783,074
Common Units
Entity Common Stock, Shares Outstanding		32,163,538

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 415,894	$ 418,439
Accounts receivable, net	13,503	17,052
Other receivables	16,790	20,128
Due from related parties	587	625
Inventory	4,400	5,221
Settlement processing assets	333,476	285,705
Other current assets	15,611	14,659
Total current assets	800,261	761,829
Equipment and improvements, net	70,905	83,606
Goodwill, net	388,004	383,108
Intangible assets, net	197,777	217,077
Investment in unconsolidated investees	446	839
Deferred tax assets	233,801	234,749
Operating lease right-of-use assets	28,953	35,124
Investment in equity securities, at fair value	26,129	25,526
Other assets	18,209	15,863
Total assets	1,764,485	1,757,721
Current liabilities:
Settlement lines of credit	12,058	13,718
Current portion of long-term debt	4,628	4,628
Accounts payable	8,401	9,482
Accrued expenses	113,885	113,127
Settlement processing obligations	450,004	446,344
Current portion of operating lease liabilities, inclusive of related party liability of $1.3 million and $1.1 million at September 30, 2021 and December 31, 2020, respectively	6,815	6,614
Due to related parties	3,194	5,124
Total current liabilities	598,985	599,037
Long-term debt, net of current portion	576,157	579,162
Due to related parties	185	185
Deferred tax liabilities	22,105	13,957
Tax receivable agreement obligations, inclusive of related party liability of $165.3 million and $164.3 million at September 30, 2021 and December 31, 2020, respectively	175,749	173,890
ISO reserves	2,843	2,942
Operating lease liabilities, net of current portion, inclusive of related party liability of $1.4 million and $2.2 million at September 30, 2021 and December 31, 2020, respectively	23,976	30,968
Other long-term liabilities	8,181	7,047
Total liabilities	1,408,181	1,407,188
Commitments and contingencies
Redeemable non-controlling interests	946,692	1,055,633
Redeemable preferred stock (par value, $0.0001 per share), Authorized, Issued and Outstanding - 152,250 shares at September 30, 2021 and December 31, 2020. Liquidation preference: $165,802 and $158,647 at September 30, 2021 and December 31, 2020, respectively	161,456	154,118
Shareholders' equity (deficit):
Additional paid-in capital	4,221
Accumulated deficit attributable to Class A common stock	(585,967)	(675,209)
Accumulated other comprehensive (loss) income	(5,737)	1,045
Total EVO Payments, Inc. shareholders' deficit	(587,478)	(674,156)
Nonredeemable non-controlling interests	(164,366)	(185,062)
Total deficit	(751,844)	(859,218)
Total liabilities, redeemable non-controlling interests, redeemable preferred stock, and shareholders' deficit	1,764,485	1,757,721
Class A Common Stock
Shareholders' equity (deficit):
Common stock	$ 5	5
Class B Common Stock
Shareholders' equity (deficit):
Common stock		$ 3

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Operating lease liabilities, related party current	$ 1,300	$ 1,100
Tax receivable agreement, related party	165,300	164,300
Operating lease liabilities, related party non current	$ 1,400	$ 2,200
Redeemable preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Redeemable preferred stock shares authorized (in shares)	152,250	152,250
Redeemable preferred stock shares issued (in shares)	152,250	152,250
Redeemable preferred stock shares outstanding (in shares)	152,250	152,250
Redeemable preferred stock liquidation preference	$ 165,802	$ 158,647
Class A Common Stock
Shareholders' 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)	47,423,964	46,401,607
Common stock shares outstanding (in shares)	47,423,964	46,401,607
Class B Common Stock
Shareholders' 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)	0	32,163,538
Common stock shares outstanding (in shares)	0	32,163,538
Class C Common Stock
Shareholders' 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)	0	1,720,425
Common stock shares outstanding (in shares)	0	1,720,425
Class D Common Stock
Shareholders' 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)	3,783,074	2,390,870
Common stock shares outstanding (in shares)	3,783,074	2,390,870

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Revenue	$ 135,041	$ 116,976	$ 363,456	$ 322,428
Operating expenses:
Cost of services and products	19,121	20,693	54,276	63,034
Selling, general, and administrative	71,982	64,668	198,050	191,579
Depreciation and amortization	21,941	22,167	63,562	64,116
Impairment of intangible assets	0	0	0	782
Total operating expenses	113,044	107,528	315,888	319,511
Income from operations	21,997	9,448	47,568	2,917
Other (expense) income:
Interest income	454	226	1,024	857
Interest expense	(6,123)	(6,717)	(18,282)	(23,916)
Income (loss) from investment in unconsolidated investees	94	95	(17)	310
(Loss) gain on investment in equity securities	(1,298)	15,750	968	15,750
Other income (expense), net	285	2,558	(323)	753
Total other (expense) income	(6,588)	11,912	(16,630)	(6,246)
Income (loss) before income taxes	15,409	21,360	30,938	(3,329)
Income tax expense	(8,284)	(6,775)	(19,859)	(4,699)
Net income (loss)	7,125	14,585	11,079	(8,028)
Less: Net income attributable to non-controlling interests in consolidated entities	3,259	3,556	6,484	5,644
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC	1,396	5,190	(196)	(10,932)
Net income (loss) attributable to EVO Payments, Inc.	2,470	5,839	4,791	(2,740)
Less: Accrual of redeemable preferred stock paid-in-kind dividends	2,511	2,360	7,338	4,131
Net (loss) income attributable to Class A common stock	$ (41)	$ 3,479	$ (2,547)	$ (6,871)
Earnings per share
Basic	$ 0	$ 0.07	$ (0.05)	$ (0.17)
Diluted	$ 0	$ 0.07	$ (0.05)	$ (0.17)
Weighted-average Class A common stock outstanding
Basic	47,380,034	41,675,929	46,979,057	41,445,566
Diluted	47,380,034	42,636,616	46,979,057	41,445,566
Comprehensive (loss) income:
Net income (loss)	$ 7,125	$ 14,585	$ 11,079	$ (8,028)
Change in fair value of interest rate swap, net of tax	(49)	150	262	(614)
Unrealized (loss) gain on foreign currency translation adjustment, net of tax	(13,337)	14,930	(21,386)	(19,663)
Other comprehensive (loss) income	(13,386)	15,080	(21,124)	(20,277)
Comprehensive (loss) income	(6,261)	29,665	(10,045)	(28,305)
Less: Comprehensive income attributable to non-controlling interests in consolidated entities	394	5,110	1,781	4,624
Less: Comprehensive (loss) income attributable to non-controlling interests of EVO Investco, LLC	(6,136)	12,335	(9,835)	(22,425)
Comprehensive (loss) income attributable to EVO Payments, Inc.	$ (519)	$ 12,220	$ (1,991)	$ (10,504)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income
Change in fair value of interest rate swap, tax (expense) benefit	$ 0.1	$ (0.1)	$ (0.1)	$ 0.1
Unrealized (loss) gain on foreign currency translation adjustment, tax benefit (expense)	$ 6.9	$ (0.9)	$ 5.8	$ 3.7

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Changes in Equity (Deficit) - USD ($) $ in Thousands	Total deficit (equity)	EVO Payments, Inc. equity/(deficit)	Common StockClass A Common Stock	Common StockClass B Common Stock	Common StockClass C Common Stock	Common StockClass D Common Stock	Additional paid-in capital	Accumulated deficit attributable to Class A common stock	Accumulated other comprehensive loss	Nonredeemable non-controlling interests	Redeemable Preferred Stock	Total
Beginning balance at Dec. 31, 2019	$ (882,647)	$ (589,299)	$ 4	$ 3				$ (587,358)	$ (1,948)	$ (293,348)
Beginning balance (in shares) at Dec. 31, 2019			41,234,000	34,164,000	2,322,000	4,355,000
Statements of Changes in Equity
Net income (loss)	(6,282)	(4,808)						(4,808)		(1,474)
Cumulative translation adjustment	(22,533)	(18,556)							(18,556)	(3,977)
Distributions	(63)									(63)
Share-based compensation expense	3,585	3,585					$ 3,585
Vesting of equity awards	(339)	(339)					(339)
Vesting of equity awards (in shares)			107,000
Stock options exercised	17	17					17
Stock options exercised (in shares)			1,000
Exchanges of Class C and Class D common stock for Class A common stock		(882)					(882)			882
Exchanges of Class C and Class D common stock for Class A common stock (in shares)			19,000		(4,000)	(15,000)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	3,632	3,632					3,632
Tax receivable agreement in connection with share exchanges	22	22					22
eService redeemable non-controlling interest fair value adjustment	29,105	25,069						25,069		4,036
Blueapple redeemable non-controlling interest fair value adjustment	371,674	320,136						320,136		51,538		$ (371,674)
Ending balance at Mar. 31, 2020	(503,829)	(261,423)	$ 4	$ 3			6,035	(246,961)	(20,504)	(242,406)
Ending balance (in shares) at Mar. 31, 2020			41,361,000	34,164,000	2,318,000	4,340,000
Beginning balance at Dec. 31, 2019												1,052,448
Redeemable non-controlling interests
Net income (loss)												(7,288)
Cumulative translation adjustment												(25,176)
eService redeemable non-controlling interest fair value adjustment												(29,105)
Ending balance at Mar. 31, 2020												619,205
Ending balance at Dec. 31, 2020											$ 154,118	$ 154,118
Ending balance (shares) at Dec. 31, 2020											152,000	152,250
Beginning balance at Dec. 31, 2019	(882,647)	(589,299)	$ 4	$ 3				(587,358)	(1,948)	(293,348)
Beginning balance (in shares) at Dec. 31, 2019			41,234,000	34,164,000	2,322,000	4,355,000
Ending balance at Dec. 31, 2020	(859,218)	(674,156)	$ 5	$ 3				(675,209)	1,045	(185,062)		$ (859,218)
Ending balance (in shares) at Dec. 31, 2020			46,402,000	32,164,000	1,720,000	2,391,000
Beginning balance at Dec. 31, 2019												1,052,448
Redeemable non-controlling interests
Net income (loss)												(1,149)
Distributions												(4,537)
Ending balance at Dec. 31, 2020												1,055,633
Redeemable Preferred Stock
Issuance of redeemable preferred stock, net of issuance costs											$ 147,590
Issuance of redeemable preferred stock, net of issuance costs (shares)											152,000
Accrual of redeemable preferred stock paid-in-kind dividends											$ 1,771
Ending balance at Jun. 30, 2020											$ 149,361
Ending balance (shares) at Jun. 30, 2020											152,000
Beginning balance at Mar. 31, 2020	(503,829)	(261,423)	$ 4	$ 3			6,035	(246,961)	(20,504)	(242,406)
Beginning balance (in shares) at Mar. 31, 2020			41,361,000	34,164,000	2,318,000	4,340,000
Statements of Changes in Equity
Net income (loss)	(4,710)	(3,771)						(3,771)		(939)
Cumulative translation adjustment	5,751	4,747							4,747	1,004
Distributions	(11)									(11)
Accrual of redeemable preferred stock paid-in-kind dividends	(1,771)	(1,771)					(1,771)
Share-based compensation expense	5,890	5,890					5,890
Vesting of equity awards	(856)	(856)					(856)
Vesting of equity awards (in shares)			79,000
Stock options exercised	549	549					549
Stock options exercised (in shares)			34,000
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	31	31					31
Change in fair value of interest rate swap	(406)	(336)							(336)	(70)
eService redeemable non-controlling interest fair value adjustment	(6,038)	(5,203)					(5,203)			(835)
Blueapple redeemable non-controlling interest fair value adjustment	(262,035)	(225,786)					(225,786)			(36,249)
Reclassification of additional paid-in-capital to accumulated deficit							221,111	(221,111)
Ending balance at Jun. 30, 2020	(767,435)	(487,929)	$ 4	$ 3				(471,843)	(16,093)	(279,506)
Ending balance (in shares) at Jun. 30, 2020			41,474,000	34,164,000	2,318,000	4,340,000
Beginning balance at Mar. 31, 2020												619,205
Redeemable non-controlling interests
Net income (loss)												(4,333)
Cumulative translation adjustment												7,365
Change in fair value of interest rate swap												(358)
eService redeemable non-controlling interest fair value adjustment												6,038
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												262,035
Ending balance at Jun. 30, 2020												889,952
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,360
Ending balance at Sep. 30, 2020											$ 151,721
Ending balance (shares) at Sep. 30, 2020											152,000
Statements of Changes in Equity
Net income (loss)	6,785	5,839						5,839		946
Cumulative translation adjustment	7,457	6,315							6,315	1,142
Accrual of redeemable preferred stock paid-in-kind dividends	(2,360)	(2,360)					(2,360)
Return of prior distributions, net of current period distributions	97									97
Share-based compensation expense	5,916	5,916					5,916
Vesting of equity awards	(48)	(48)					(48)
Vesting of equity awards (in shares)			6,000
Stock options exercised	4,955	4,955					4,955
Stock options exercised (in shares)			329,000
Exchanges of Class C and Class D common stock for Class A common stock		(8,543)					(8,543)			8,543
Exchanges of Class C and Class D common stock for Class A common stock (in shares)			204,000		(432,000)	228,000
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	200	200					200
Tax receivable agreement in connection with share exchanges	249	249					249
Change in fair value of interest rate swap	80	66							66	14
eService redeemable non-controlling interest fair value adjustment	(26,115)	(22,638)					(22,638)			(3,477)
Blueapple redeemable non-controlling interest fair value adjustment	(77,081)	(66,816)					(66,816)			(10,265)
Reclassification of additional paid-in-capital to accumulated deficit							89,085	(89,085)
Ending balance at Sep. 30, 2020	(847,300)	(564,794)	$ 4	$ 3				(555,089)	(9,712)	(282,506)
Ending balance (in shares) at Sep. 30, 2020			42,013,000	34,164,000	1,886,000	4,568,000
Redeemable non-controlling interests
Net income (loss)												7,800
Cumulative translation adjustment												7,473
Change in fair value of interest rate swap												70
eService redeemable non-controlling interest fair value adjustment												26,115
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												77,081
Ending balance at Sep. 30, 2020												1,008,491
Beginning balance at Dec. 31, 2020											$ 154,118	$ 154,118
Beginning balance (shares) at Dec. 31, 2020											152,000	152,250
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,382
Ending balance at Mar. 31, 2021											$ 156,500
Ending balance (shares) at Mar. 31, 2021											152,000
Beginning balance at Dec. 31, 2020	(859,218)	(674,156)	$ 5	$ 3				(675,209)	1,045	(185,062)		$ (859,218)
Beginning balance (in shares) at Dec. 31, 2020			46,402,000	32,164,000	1,720,000	2,391,000
Statements of Changes in Equity
Net income (loss)	(1,099)	(842)						(842)		(257)
Cumulative translation adjustment	(11,166)	(10,307)							(10,307)	(859)
Distributions	(161)									(161)
Accrual of redeemable preferred stock paid-in-kind dividends	(2,382)	(2,382)					(2,382)
Share-based compensation expense	5,798	5,798					5,798
Vesting of equity awards	(2,383)	(2,383)					(2,383)
Vesting of equity awards (in shares)			149,000
Stock options exercised	2,813	2,813					2,813
Stock options exercised (in shares)			136,000
Exchanges of Class C and Class D common stock for Class A common stock		(7,193)					(7,193)			7,193
Exchanges of Class C and Class D common stock for Class A common stock (in shares)			157,000		(82,000)	(75,000)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	113	113					113
Tax receivable agreement in connection with share exchanges	173	173					173
Change in fair value of interest rate swap	216	194							194	22
eService redeemable non-controlling interest fair value adjustment	10,028	9,247						9,247		781
Blueapple redeemable non-controlling interest fair value adjustment	(19,377)	(17,869)						(17,869)		(1,508)
Reclassification of additional paid-in-capital to accumulated deficit							3,061	(3,061)
Ending balance at Mar. 31, 2021	(876,645)	(696,794)	$ 5	$ 3				(687,734)	(9,068)	(179,851)
Ending balance (in shares) at Mar. 31, 2021			46,844,000	32,164,000	1,638,000	2,316,000
Beginning balance at Dec. 31, 2020												1,055,633
Redeemable non-controlling interests
Net income (loss)												(1,724)
Cumulative translation adjustment												(10,605)
Contributions												488
Distributions												(8,500)
Change in fair value of interest rate swap												173
eService redeemable non-controlling interest fair value adjustment												(10,028)
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												19,377
Ending balance at Mar. 31, 2021												1,044,814
Beginning balance at Dec. 31, 2020											$ 154,118	$ 154,118
Beginning balance (shares) at Dec. 31, 2020											152,000	152,250
Ending balance at Sep. 30, 2021											$ 161,456	$ 161,456
Ending balance (shares) at Sep. 30, 2021											152,000	152,250
Beginning balance at Dec. 31, 2020	(859,218)	(674,156)	$ 5	$ 3				(675,209)	1,045	(185,062)		$ (859,218)
Beginning balance (in shares) at Dec. 31, 2020			46,402,000	32,164,000	1,720,000	2,391,000
Ending balance at Sep. 30, 2021	(751,844)	(587,478)	$ 5				4,221	(585,967)	(5,737)	(164,366)		(751,844)
Ending balance (in shares) at Sep. 30, 2021			47,424,000			3,783,000
Beginning balance at Dec. 31, 2020												1,055,633
Redeemable non-controlling interests
Net income (loss)												6,141
Distributions												(10,700)
Ending balance at Sep. 30, 2021												946,692
Beginning balance at Mar. 31, 2021											$ 156,500
Beginning balance (shares) at Mar. 31, 2021											152,000
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,445
Ending balance at Jun. 30, 2021											$ 158,945
Ending balance (shares) at Jun. 30, 2021											152,000
Beginning balance at Mar. 31, 2021	(876,645)	(696,794)	$ 5	$ 3				(687,734)	(9,068)	(179,851)
Beginning balance (in shares) at Mar. 31, 2021			46,844,000	32,164,000	1,638,000	2,316,000
Statements of Changes in Equity
Net income (loss)	3,362	3,163						3,163		199
Cumulative translation adjustment	6,963	6,387							6,387	576
Distributions	(25)									(25)
Accrual of redeemable preferred stock paid-in-kind dividends	(2,445)	(2,445)					(2,445)
Share-based compensation expense	6,489	6,489					6,489
Vesting of equity awards	(1,096)	(1,096)					(1,096)
Vesting of equity awards (in shares)			69,000
Stock options exercised	4,529	4,529					4,529
Stock options exercised (in shares)			278,000
Exchanges of Class C and Class D common stock for Class A common stock		(6,038)					(6,038)			6,038
Exchanges of Class C and Class D common stock for Class A common stock (in shares)			132,000		(39,000)	(93,000)
Conversion of Class C common stock to Class D common stock (in shares)					(1,599,000)	1,599,000
Cancellation of Class B common stock				$ (3)			3
Cancellation of Class B common stock (in shares)				(32,164,000)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	112	112					112
Tax receivable agreement in connection with share exchanges	156	156					156
Change in fair value of interest rate swap	(68)	(67)							(67)	(1)
eService redeemable non-controlling interest fair value adjustment	(15,106)	(13,977)					(13,977)			(1,129)
Blueapple redeemable non-controlling interest fair value adjustment	(10,504)	(9,719)					(9,719)			(785)
Reclassification of additional paid-in-capital to accumulated deficit							21,986	(21,986)
Ending balance at Jun. 30, 2021	(884,278)	(709,300)	$ 5					(706,557)	(2,748)	(174,978)
Ending balance (in shares) at Jun. 30, 2021			47,323,000			3,822,000
Beginning balance at Mar. 31, 2021												1,044,814
Redeemable non-controlling interests
Net income (loss)												3,415
Cumulative translation adjustment												6,759
Distributions												(790)
Change in fair value of interest rate swap												(10)
eService redeemable non-controlling interest fair value adjustment												15,106
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												10,504
Ending balance at Jun. 30, 2021												1,079,798
Redeemable Preferred Stock
Accrual of redeemable preferred stock paid-in-kind dividends											$ 2,511
Ending balance at Sep. 30, 2021											$ 161,456	$ 161,456
Ending balance (shares) at Sep. 30, 2021											152,000	152,250
Statements of Changes in Equity
Net income (loss)	2,675	2,470						2,470		205
Cumulative translation adjustment	(3,781)	(2,991)							(2,991)	(790)
Distributions	(28)									(28)
Accrual of redeemable preferred stock paid-in-kind dividends	(2,511)	(2,511)					(2,511)
Share-based compensation expense	9,172	9,172					9,172
Vesting of equity awards	(984)	(984)					(984)
Vesting of equity awards (in shares)			39,000
Stock options exercised	326	326					326
Stock options exercised (in shares)			23,000
Exchanges of Class D common stock for Class A common stock		(1,807)					(1,807)			1,807
Exchanges of Class D common stock for Class A common stock (in shares)			39,000			(39,000)
Deferred taxes in connection with increase in ownership of EVO Investco, LLC	26	26					26
Tax receivable agreement in connection with share exchanges	(1)	(1)					(1)
Change in fair value of interest rate swap	(3)	2							2	(5)
eService redeemable non-controlling interest fair value adjustment	1,502	1,391						1,391		111
Blueapple redeemable non-controlling interest fair value adjustment	126,041	116,729						116,729		9,312
Ending balance at Sep. 30, 2021	$ (751,844)	$ (587,478)	$ 5				$ 4,221	$ (585,967)	$ (5,737)	$ (164,366)		$ (751,844)
Ending balance (in shares) at Sep. 30, 2021			47,424,000			3,783,000
Redeemable non-controlling interests
Net income (loss)												4,450
Cumulative translation adjustment												(9,556)
Contributions												999
Distributions												(1,410)
Change in fair value of interest rate swap												(46)
eService redeemable non-controlling interest fair value adjustment												(1,502)
Blueapple redeemable non-controlling interest fair value adjustment subsequent to the Reorganization Transactions												(126,041)
Ending balance at Sep. 30, 2021												$ 946,692

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Cash flows from operating activities:
Net income (loss)	$ 11,079	$ (8,028)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	63,562	64,116
Gain on sale of investment		(336)
Gain on investment in equity securities	(968)	(15,750)
Amortization of deferred financing costs	2,006	2,006
Loss on disposal of equipment and improvements	872	1,239
Share-based compensation expense	21,459	15,391
Impairment of intangible assets	0	782
Accrued interest expense		(4,127)
Deferred taxes, net	14,118	(1,086)
Other	365	469
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable, net	3,048	1,039
Other receivables	3,091	7,898
Inventory	631	1,357
Other current assets	(1,439)	(1,937)
Operating lease right-of-use assets	4,912	6,199
Other assets	(2,777)	(674)
Related parties, net	(1,758)	(2,506)
Accounts payable	3,631	(6,707)
Accrued expenses	2,441	2,639
Settlement processing funds, net	(44,270)	12,788
Operating lease liabilities	(5,637)	(6,934)
Other	(2,310)	163
Net cash provided by operating activities	72,056	68,001
Cash flows from investing activities:
Acquisition of businesses, net of cash acquired	(18,809)
Purchase of equipment and improvements	(25,929)	(12,719)
Acquisition of intangible assets	(6,871)	(5,023)
Return of capital on equity method investment		906
Collections of notes receivable	48	255
Net cash used in investing activities	(51,561)	(16,581)
Cash flows from financing activities:
Proceeds from long-term debt	5,083	185,250
Repayments of long-term debt	(11,461)	(316,659)
Deferred and contingent consideration paid	(484)	(1,992)
Repurchases of shares to satisfy minimum tax withholding	(4,463)	(1,243)
Proceeds from issuance of redeemable preferred stock		149,250
Redeemable preferred stock issuance costs		(1,660)
Proceeds from exercise of common stock options	7,668	5,521
Distributions to non-controlling interest holders	(10,914)	23
Contribution from non-controlling interest holders	1,487
Net cash (used in) provided by financing activities	(13,084)	18,490
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(9,708)	(120)
Net (decrease) increase in cash, cash equivalents, and restricted cash	(2,297)	69,790
Cash, cash equivalents, and restricted cash, beginning of period	418,539	304,089
Cash, cash equivalents, and restricted cash, end of period	$ 416,242	$ 373,879

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2021
Description of Business and Summary of Significant Accounting Policies
Description of Business and Summary of Significant Accounting Policies	(1) Description of Business and Summary of Significant Accounting Policies (a) Description of Business EVO, Inc. is a Delaware corporation whose primary asset is its ownership of approximately 56.9% September 30, 2021 The Company is a leading payment technology and services provider, offering an array of innovative, reliable, and secure payment solutions to merchants across the Americas and Europe and servicing more than 550,000 merchants across more than 50 markets. The Company supports all major card types in the markets it serves. The Company provides card-based payment processing services to small and middle market merchants, multinational corporations, government agencies, and other business and nonprofit enterprises located throughout the Americas and Europe. These services enable merchants to accept credit and debit cards and other electronic payment methods as payment for their products and services by providing terminal devices, card authorization, data capture, funds settlement, risk management, fraud detection, and chargeback services. The Company also offers value-added solutions including gateway solutions, online fraud prevention and management reporting, online hosted payments page capabilities, mobile-based SMS integrated payment collection services, security tokenization and encryption solutions at the point-of-sale, dynamic currency conversion, ACH, Level 2 and Level 3 data processing, loyalty offers, and other ancillary solutions. The Company operates two reportable segments: the Americas and Europe. (b) Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020, the unaudited condensed consolidated statements of operations and comprehensive (loss) income for the three and nine months ended September 30, 2021 and 2020, the unaudited condensed consolidated statements of changes in equity (deficit) for the three and nine months ended September 30, 2021 and 2020, and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2021 and 2020 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, 2020. 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, as of 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 used for accounting purposes include, but are not limited to, valuation of redeemable non-controlling interests (“RNCI”), evaluation of realizability of deferred tax assets, determination of liabilities under the tax receivable agreement, determination of liabilities and corresponding right-of-use assets arising from lease agreements, determination of assets or liabilities arising from derivative transactions, determination of fair value of share-based compensation, establishment of severance liabilities, establishment of allowance for doubtful accounts, and assessment of impairment of goodwill and intangible assets. (c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As the sole managing member of EVO, LLC, the Company exerts control over the Group. In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation ​ (d) Cash and Cash Equivalents, Restricted Cash, Settlement Related Cash and Merchant Reserves Cash and cash equivalents include all cash balances and highly liquid securities with original maturities of three months or less. Cash balances often exceed federally insured limits; however, concentration of credit risk is limited due to the payment of funds on the same day or the day following receipt in satisfaction of the settlement process. Included in cash and cash equivalents are settlement-related cash and merchant reserves. ​ Settlement-related cash represents funds that the Company holds when the incoming amount from the card networks precedes the funding obligation to the merchant. Settlement-related cash balances are not restricted, however, these funds are generally paid out in satisfaction of settlement processing obligations and therefore are not available for general purposes. As of September 30, 2021 and December 31, 2020, settlement-related cash balances were $134.6 million and $163.5 million, respectively. ​ Merchant reserves 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. While this cash is not restricted in its use, the Company believes that maintaining merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors and is in accordance with the guidelines set by the card networks. As of September 30, 2021 and December 31, 2020 109.9 ​ Restricted cash represents funds held as a liquidity reserve at our Chilean subsidiary, as required by local regulations. ​ The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amount shown in the unaudited condensed consolidated statements of cash flows: ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 415,894 $ 418,439 Restricted cash included in other assets 348 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 416,242 $ 418,539 ​ (e) Derivatives The Company recognizes derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of a particular derivative, whether the Company has elected to designate or not designate such derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. ​ Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the earnings effect of the hedged forecasted transactions in a cash flow hedge. ​ The Company entered into a foreign currency swap and window forward contracts in June 2021 to mitigate its exposure to fluctuations in foreign currency exchange rates related to certain foreign intercompany balances. The Company elected not to designate the foreign currency swap and window forward contracts as a cash flow hedge and such derivatives are not subject to hedge accounting as a result. Each of the foreign currency swap and the window forward contracts were settled during the three months ended September 30, 2021. ​ Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive (loss) income and reclassified into earnings as the underlying hedged item affects earnings. Changes in the fair value of a derivative that is not designated as a cash flow hedge are recorded as a component of other income (expense). ​ Refer to Note 14, “Derivatives,” and Note 18, “Fair Value,” for further information on the derivative instruments. (f) Recent Accounting Pronouncements New accounting pronouncements issued by the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies are adopted as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s consolidated financial statements upon adoption. Recently Adopted Accounting Pronouncements Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes ​ Investments, Joint Ventures, and Derivatives and Hedging ​ In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), ​ Recently Issued Accounting Pronouncements Not Yet Adopted Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. The Company will continue to evaluate the effect of the discontinuance of LIBOR on our outstanding debt and hedging instrument and the related effect of ASU 2020-04 on our consolidated financial statements, as applicable. ​ Convertible Instruments and Contracts in an Entity’s Own Equity ​ In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Revenue

Revenue	9 Months Ended
	Sep. 30, 2021
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. The Company also earns revenue from the sale and rental of electronic point-of-sale (“POS”) equipment. The revenue recognized from the sale and rental of POS equipment totaled $9.7 $10.1 $29.4 The Company disaggregates revenue based on reporting segment and division. The Company’s divisions are as follows: ● Direct – Represents the direct solicitation of merchants through referral relationships, including financial institutions and the Company’s direct sales channel. The Company has long-term, exclusive referral relationships with leading financial institutions that represent thousands of branch locations which actively pursue new merchant relationships on the Company’s behalf. The Company also has referral arrangements with independent sales organizations (“ISO”) that refer merchants to the Company. The Company utilizes a direct sales team, including outbound telesales, to build and maintain relationships with its merchants and referral partners. ● Tech-enabled – Represents merchants requiring a technical integration at the point of sale between the Company and a third party software vendor whereby the third party passes information to our systems to enable payment processing. These merchant acquiring arrangements are supported by partnerships with independent software providers, integrated software dealers, and eCommerce gateway providers. In the United States, this division also supports business-to-business customers via proprietary solutions sold directly to merchants and via enterprise resource planning software dealers and integrators. ● Traditional – Represents the Company’s heritage United States portfolio composed primarily of ISO relationships where the merchant portfolio is not actively managed by the Company. The Company is not focused on this sales model and it will represent an increasingly smaller portion of the business over time. The table below presents a disaggregation of the Company’s revenue by segment and by division. Beginning in the first quarter of 2021, the Company reclassified certain merchant portfolios from the Direct and Tech-enabled divisions into the Traditional division as part of strategic channel realignment. The Company adjusted the presentation of comparative results for the three and nine months ended September 30, 2020 to reflect this reclassification. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ Nine Months Ended September 30, 2021 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 33,688 ​ $ 42,833 ​ $ 76,521 ​ $ 95,041 ​ $ 106,929 ​ $ 201,970 Tech-enabled ​ ​ 34,740 ​ 12,784 ​ 47,524 ​ ​ 99,522 ​ 29,697 ​ 129,219 Traditional ​ 10,996 — 10,996 ​ 32,267 — 32,267 Totals ​ $ 79,424 $ 55,617 $ 135,041 ​ $ 226,830 $ 136,626 $ 363,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Nine Months Ended September 30, 2020 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 27,369 ​ $ 37,713 ​ $ 65,082 ​ $ 81,361 ​ $ 94,478 ​ $ 175,839 Tech-enabled ​ ​ 31,066 ​ 10,475 ​ 41,541 ​ ​ 88,109 ​ 26,338 ​ 114,447 Traditional ​ 10,353 — 10,353 ​ 32,142 — 32,142 Totals ​ $ 68,788 $ 48,188 $ 116,976 ​ $ 201,612 $ 120,816 $ 322,428 ​ ​ ​

Settlement Processing Assets an

Settlement Processing Assets and Obligations	9 Months Ended
	Sep. 30, 2021
Settlement Processing Assets and Obligations
Settlement Processing Assets and Obligations	(3) Settlement Processing Assets and Obligations Settlement processing assets and obligations represent intermediary balances within the settlement process involving the movement of funds between consumers, card issuers, card networks, the Company, and its merchants. The Company processes funds settlement through two models, the sponsorship model and the direct membership model. ​ In certain markets, the Company operates under the sponsorship model whereby the Company has a sponsorship agreement with a bank that is a member of the various card networks (collectively, the “Member Banks”) providing for the funds settlement by such Member Banks on behalf of the Company related to the transactions processed by the Company through card networks, such as Visa and MasterCard. Under the sponsorship model, it is the responsibility of the Member Bank to ensure that the Company adheres to the standards of the card networks. ​ In other markets, the Company operates under the direct membership model whereby the Company has direct membership with the various card networks for the funds settlement related to the transactions processed by the Company through the card networks. As a direct member under the direct membership model, it is the responsibility of the Company to adhere to the standards of the card networks. ​ The card networks operate as an intermediary between the card issuing banks, on the one hand, and, as applicable, either the Member Banks or the Company (under the sponsorship model or the direct membership model, respectively), on the other hand, whereby funds are received by the card issuing banks and remitted to the Member Bank or the Company, as applicable, via the card networks on a daily basis. The Company then remits these funds to its merchants, either through a Member Bank under the sponsorship model, or directly to merchants under the direct membership model. Incoming funds due from the card networks on behalf of the card issuing bank are classified as receivables from card networks in the table below, whereas the funds due from the Company to its merchants are classified as settlement liabilities due to merchants. ​ The Company enters into agreements with its merchants which outline the fees charged by the Company for processing payment transactions and performing funds settlement. Under the sponsorship model, these agreements are between the Company, the Member Bank, and the merchant, whereas under the direct membership model, these agreements are exclusively between the Company and the merchant. Fees are either settled daily or monthly on a net basis or monthly through an invoice arrangement. Receivables from merchants as presented below represent amounts to be either net settled or invoiced to the Company’s merchants related to the various fees associated with the payment processing and funds settlement services provided by the Company. ​ As described in Note 1, “Description of Business and Summary of Significant Accounting Policies,” the Company collects funds from merchants that serve as collateral to mitigate potential future losses, and recognizes a corresponding liability which is presented as merchant reserves within the settlement processing obligations. Refer to the table below. ​ While receivables from card networks and settlement liabilities due to merchants represent intermediary balances in the transaction settlement process, timing differences, interchange expense, merchant reserves and exception items cause differences between the amount the Company receives through the Member Banks from the card networks and the amount funded to merchants. ​ A summary of settlement processing assets and obligations is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 243,586 $ 198,053 Receivable from merchants ​ 89,890 87,652 Totals ​ $ 333,476 $ 285,705 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (350,164) $ (336,440) Merchant reserves ​ (99,840) (109,904) Totals ​ $ (450,004) $ (446,344) ​

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2021
Earnings Per Share
Earnings Per Share	(4) Earnings Per Share The following table sets forth the computation of the Company's basic and diluted earnings per share of Class A common stock, as well as the anti-dilutive shares excluded (in thousands, except share and per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to EVO Payments, Inc. ​ $ 2,470 ​ $ 4,791 ​ $ 5,839 ​ $ (2,740) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,511 ​ ​ 7,338 ​ ​ 2,360 ​ ​ 4,131 Less: Allocation of undistributed earnings to preferred shares ​ ​ — ​ ​ — ​ ​ 663 ​ ​ — Undistributed (loss) income attributable to shares of Class A common stock ​ $ (41) ​ $ (2,547) ​ $ 2,816 ​ $ (6,871) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 47,380,034 ​ 46,979,057 ​ 41,675,929 ​ 41,445,566 Effect of dilutive securities ​ — ​ — ​ 960,687 ​ — Total dilutive securities ​ ​ 47,380,034 ​ ​ 46,979,057 ​ ​ 42,636,616 ​ ​ 41,445,566 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ (0.00) ​ $ (0.05) ​ $ 0.07 ​ $ (0.17) Diluted ​ $ (0.00) ​ $ (0.05) ​ $ 0.07 ​ $ (0.17) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ 152,250 ​ ​ 152,250 ​ ​ 90,572 Stock options ​ ​ 5,919,024 ​ ​ 5,830,193 ​ ​ — ​ ​ 5,013,228 RSUs ​ ​ 1,367,414 ​ ​ 1,368,750 ​ ​ — ​ ​ 1,169,696 RSAs ​ ​ 219 ​ ​ 486 ​ ​ — ​ ​ 4,323 Class C common stock ​ ​ — ​ ​ 880,876 ​ ​ 2,103,664 ​ ​ 2,246,332 Class D common stock ​ ​ 3,798,987 ​ ​ 3,040,722 ​ ​ 4,490,812 ​ ​ 4,392,211 ​

Tax Receivable Agreement

Tax Receivable Agreement	9 Months Ended
	Sep. 30, 2021
Tax Receivable Agreement
Tax Receivable Agreement	(5) Tax Receivable Agreement In connection with the IPO, the Company entered into a Tax Receivable Agreement (“TRA”) that requires the Company to make payments to the Continuing LLC Owners 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 and paired Class C common stock or paired Class D common stock for Class A common stock, purchases or redemptions of LLC Interests, 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. Due to net losses attributable to the Company in prior years, there were no realized tax savings attributable to the TRA, therefore no payments have been made related to the TRA obligation. ​ As a result of the purchases of LLC Interests and the exchanges of LLC Interests and paired shares of Class C common stock and paired Class D common stock for shares of Class A common stock sold in connection with and following the IPO, through September 30, 2021, the Company’s deferred tax asset and payment liability pursuant to the TRA were approximately $206.8 million ( $182.2 ​ 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 or sales of LLC Interests, and no tax benefit as a result of the Net Operating Losses (“NOLs”) generated by the increase in the Company’s 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 other expense in the unaudited condensed consolidated statements of operations and comprehensive (loss) income. ​ On May 25, 2021, pursuant to the Company's amended and restated certificate of incorporation, each outstanding share of Class C common stock was automatically converted into one share of Class D common stock. Refer to Note 21, “Shareholders’ Equity” for further information. ​ ​

Acquisition

Acquisition	9 Months Ended
	Sep. 30, 2021
Acquisition
Acquisition	(6) Acquisition ​ The Company determined the pro forma impact of the acquisitions described below were not significant, individually or in the aggregate, to the Company’s operating results, and are, therefore, not separately presented. ​ 2021 Acquisitions ​ (a) Anderson Zaks Limited In July 2021, a subsidiary of EVO, Inc. completed the acquisition of 100% of the outstanding shares of Anderson Zaks Ltd. (“Anderson Zaks”), an omni-channel payment gateway provider based in the United Kingdom. (b) Pago Fácil In June 2021, subsidiaries of EVO, Inc. completed the acquisition of 100% of the outstanding shares of Pago Fácil Tecnologia SpA and PST Pago Fácil SpA (together, “Pago Fácil”), a leading eCommerce payment gateway in Chile, in partnership with its joint venture partner Banco de Crédito e Inversiones (“BCI”). The total consideration paid for the acquisition was $20.9 million, which includes an upfront payment of $18.0 million and deferred considerations of $0.9 million and $2.0 million payable 9 months and 18 months after the closing date, respectively. The estimated acquisition date fair values as of September 30, 2021 of major classes of assets acquired and liabilities assumed are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ As of the ​ Estimated ​ ​ acquisition date ​ Useful Life Definite-lived intangible assets ​ (In thousands ) ​ ​ Acquired software ​ $ 9,400 ​ 5 years Customer relationships ​ ​ 3,000 ​ 7 years Trademarks ​ ​ 440 ​ 2 years Non-compete agreement ​ ​ 150 ​ 3 years Deferred tax liabilities ​ ​ (3,507) ​ ​ Other assets, net ​ ​ 855 ​ ​ Goodwill ​ ​ 10,562 ​ ​ Total purchase price ​ $ 20,900 ​ ​ ​ The allocation of the purchase price above is preliminary and subject to further adjustment, pending additional refinement and final completion of valuations. Thus, the measurements of fair value set forth above are subject to change. The Company expects to finalize the valuations as soon as practical, but not later than one year from the acquisition date. Goodwill generated from the Pago Fácil acquisition is not deductible for tax purposes. Pago Fácil is presented in the Company’s Americas segment.

Leases

Leases	9 Months Ended
	Sep. 30, 2021
Leases
Leases	(7) Leases The Company’s leases consist primarily of real estate and personal property leases throughout the markets in which the Company operates. At contract inception, the Company determines whether an arrangement is or contains a lease, and for each identified lease, evaluates the classification as operating or financing. The Company had no finance leases as of September 30, 2021 and December 31, 2020. Leased assets and obligations are recognized at the lease commencement date based on the present value of fixed lease payments to be made over the term of the lease. Renewal and termination options are factored into determination of the lease term only if the option is reasonably certain to be exercised. The weighted-average remaining lease term was 6.27 years and 6.79 years at September 30, 2021 and December 31, 2020, respectively. The Company had no significant short-term leases as of September 30, 2021 and December 31, 2020. ​ The Company’s leases do not provide a readily determinable implicit interest rate and the Company uses its incremental borrowing rate to measure the lease liability and corresponding right-of-use asset. The incremental borrowing rates were determined based on a portfolio approach considering the Company’s current secured borrowing rate adjusted for market conditions and the length of the lease term. The weighted-average discount rates used in the measurement of lease liabilities were 6.28% and 6.45% as of September 30, 2021 and December 31, 2020, respectively. ​ Operating lease cost is recognized on a straight-line basis over the lease term. Operating lease costs were $2.6 million and $2.7 $8.5 $0.5 ​ Cash paid for amounts included in the measurement of operating lease liabilities for the nine months ended September 30, 2021 and 2020 was $7.0 million and $8.1 ​ As of September 30, 2021, maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2021 (remainder of the year) $ 1,863 2022 ​ 8,473 2023 ​ 6,067 2024 ​ 5,178 2025 ​ 4,349 2026 and thereafter ​ 12,039 Total future minimum lease payments (undiscounted) ​ 37,969 Less: present value discount ​ (7,178) Present value of lease liability $ 30,791 ​

Equipment and Improvements

Equipment and Improvements	9 Months Ended
	Sep. 30, 2021
Equipment and Improvements
Equipment and Improvements	(8) Equipment and Improvements Equipment and improvements consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ September 30, ​ December 31, ​ ​ Years ​ 2021 ​ 2020 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 153,147 $ 143,514 Office equipment ​ 3-5 ​ ​ 45,144 ​ ​ 44,049 Computer software 3 ​ 60,530 54,192 Leasehold improvements various ​ 19,169 19,090 Furniture and fixtures 5-7 ​ 4,528 4,547 Totals ​ ​ ​ 282,518 265,392 Less accumulated depreciation ​ ​ ​ (211,862) (185,010) Foreign currency translation adjustment ​ ​ ​ 249 3,224 Totals ​ ​ ​ $ 70,905 $ 83,606 ​ Depreciation expense related to equipment and improvements was $9.6 million and $9.9 million for the three months ended September 30, 2021 and 2020, respectively. Depreciation expense related to equipment and improvements was $29.5 million and $29.8 million for the nine months ended September 30, 2021 and 2020, respectively. ​ In the nine months ended September 30, 2021, gross equipment and improvements, and accumulated depreciation were each reduced by $5.3 million and $4.5 $9.3 ​ ​

Goodwill and Intangible Assets

Goodwill and Intangible Assets	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets
Goodwill and Intangible Assets	(9) Goodwill and Intangible Assets Intangible assets, net consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 297,056 ​ $ (193,141) ​ $ (5,685) ​ $ (30,528) ​ $ 67,702 Marketing alliance agreements ​ ​ 183,726 ​ ​ (76,848) ​ ​ (7,557) ​ ​ (20,531) ​ ​ 78,790 Internally developed and acquired software ​ ​ 108,403 ​ ​ (49,564) ​ ​ (10,191) ​ ​ (2,604) ​ ​ 46,044 Trademarks, definite-lived ​ ​ 22,068 ​ ​ (12,519) ​ ​ (901) ​ ​ (3,528) ​ ​ 5,120 Non-compete agreements ​ ​ 6,612 ​ ​ (6,476) ​ ​ - ​ ​ (15) ​ ​ 121 Total ​ $ 617,865 ​ $ (338,548) ​ $ (24,334) ​ $ (57,206) ​ $ 197,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (181,062) ​ $ (5,685) ​ $ (28,205) ​ $ 78,629 Marketing alliance agreements ​ ​ 186,081 ​ ​ (69,446) ​ ​ (7,557) ​ ​ (18,104) ​ ​ 90,974 Internally developed and acquired software ​ ​ 90,881 ​ ​ (38,828) ​ ​ (10,191) ​ ​ (871) ​ ​ 40,991 Trademarks, definite-lived ​ ​ 21,629 ​ ​ (11,060) ​ ​ (901) ​ ​ (3,224) ​ ​ 6,444 Non-compete agreements ​ ​ 6,462 ​ ​ (6,425) ​ ​ - ​ ​ 2 ​ ​ 39 Total ​ $ 598,634 ​ $ (306,821) ​ $ (24,334) ​ $ (50,402) ​ $ 217,077 ​ Amortization expense related to intangible assets was $12.4 $12.3 $34.3 ​ Estimated amortization expense to be recognized during each of the five years subsequent to September 30, 2021 ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2021 (remainder of the year) ​ $ 9,440 2022 ​ 39,214 2023 ​ 34,278 2024 ​ 22,666 2025 ​ ​ 17,689 2026 and thereafter ​ 74,490 Total ​ $ 197,777 ​ For the three and nine months ended September 30, 2021, there were no impairments. For the three months ended September 30, 2020, there were no impairments. For the nine months ended September 30, 2020, the Company recognized an impairment charge of $0.8 million related to the retirement of certain trademarks driven by an internal reorganization. ​ In the nine months ended September 30, 2021, gross intangible assets and accumulated depreciation were each reduced by $2.4 million, related to the expiration of a marketing alliance agreement. ​ The following represents intangible assets, net by segment: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 52,379 $ 59,149 Marketing alliance agreements ​ 58,355 63,946 Internally developed and acquired software ​ ​ 30,263 ​ ​ 24,615 Trademarks, definite-lived ​ 1,582 1,582 Non-compete agreements ​ ​ 121 ​ ​ 22 Total ​ 142,700 149,314 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 15,323 19,480 Marketing alliance agreements ​ 20,435 27,028 Internally developed and acquired software ​ ​ 15,781 ​ ​ 16,376 Trademarks, definite-lived ​ 3,538 4,862 Non-compete agreements ​ ​ — 17 Total ​ 55,077 67,763 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 197,777 $ 217,077 ​ The change in the carrying amount of goodwill for the nine months ended September 30, 2021, in total and by reportable segment, is as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2020 ​ $ 266,848 $ 140,551 $ 407,399 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2020 ​ 266,848 116,260 383,108 Business combinations ​ 10,562 3,921 14,483 Foreign currency translation adjustment ​ (2,164) (7,423) (9,587) Goodwill, net, as of September 30, 2021 ​ $ 275,246 $ 112,758 $ 388,004 ​

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	9 Months Ended
	Sep. 30, 2021
Accounts Payable and Accrued Expenses
Accounts Payable and Accrued Expenses	(10) Accounts Payable and Accrued Expenses The Company’s accounts payable and accrued expenses consisted of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Compensation and related benefits ​ $ 19,067 $ 21,398 Third-party processing and payment network fees ​ 45,207 40,224 Trade payables ​ 7,776 8,306 Taxes payable ​ 12,974 14,504 Commissions payable to third parties and agents ​ 17,065 15,759 Unearned revenue ​ 4,758 4,627 Other ​ ​ 15,439 17,791 Total accounts payable and accrued expenses ​ $ 122,286 ​ $ 122,609 ​

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2021
Related Party Transactions
Related Party Transactions	(11) Related party balances consist of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Due from related parties, current ​ $ 587 $ 625 Due to related parties, current ​ ​ (3,194) ​ (5,124) Due to related parties, long-term ​ ​ (185) ​ (185) ​ Due from related parties, current, consists primarily of receivables due from a non-controlling interest holder of a consolidated subsidiary. Due to related parties, current, consists of $2.2 million and $ 3.8 Due to related parties, long-term, consists of ISO commission reserves in connection with an unconsolidated investee. ​ The Company leases office space located at 515 Broadhollow Road in Melville, New York from 515 Broadhollow, LLC. 515 Broadhollow, LLC is majority owned, directly and indirectly, by the Company’s founder and chairman. As of September 30, 2021 and December 31, 2020, the liability related to this lease amounted to $2.2 million and $3.1 million, respectively, and is included in the operating lease liabilities on the unaudited condensed consolidated balance sheets. The Company subleased a portion of this office space to an unconsolidated investee. Sublease income was less than $0.1 million for the nine months ended September 30, 2021. Sublease income was less than $0.1 million for the three and nine months ended September 30, 2020. The sublease was terminated in February 2021. ​ The Company leases vehicles from a non-controlling interest holder of a consolidated subsidiary. As of September 30, 2021 and December 31, 2020, these lease liabilities amounted to $0.4 million and $ 0.3 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. Related party commission expense incurred with unconsolidated investees of the Company amounted to $3.3 million and $3.1 $9.7 $12.0 ​ The Company provides certain professional and other services to Blueapple Inc. (“Blueapple”), a member and holder of LLC interests of EVO, LLC. Blueapple is controlled by entities affiliated with the Company’s founder and chairman. The expense related to these services was less than $0.1 million for the three months ended September 30, 2021 and 2020. The expense related to these services was $0.2 million and $0.1 million for the nine months ended September 30, 2021 and 2020, respectively. The Company, through two wholly owned subsidiaries and one unconsolidated investee, conducts business under ISO agreements with a relative of the Company’s founder and chairman pursuant to which the relative of the Company’s founder and 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 founder and chairman. For the three months ended September 30, 2021 and 2020, the Company paid commissions of less than $0.1 million and $0.2 ​ NFP is the Company’s benefit and insurance 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 each of the three months ended September 30, 2021 and 2020, the Company paid $0.1 million $0.3 ​ On April 21, 2020, the Company issued 152,250 shares of Preferred Stock to an affiliate of MDP for a purchase price of $985.221685 per share. The Company also reimbursed MDP for $0.8 million of expenses in connection with the offer and sale of the Preferred Stock. Refer to Note 16, “Redeemable Preferred Stock,” for additional details regarding the transaction. ​ On August 4, 2020, the Company sold the entirety of its 25% equity interest in Omega Processing Solutions, L.L.C., one of its unconsolidated investees, for cash proceeds of $1.6 million. The Company recognized a net gain of $0.3 million on the sale of this investment.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2021
Income Taxes
Income Taxes	(12) Income Taxes The Company’s effective tax rate (“ETR”) was 53.76% and 64.19% for the three and nine months ended September 30, 2021, respectively. $0.8 $4.2 $0.4 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 in certain jurisdictions over the preceding twelve quarters ended September 30, 2021. Such objective evidence limits the ability to consider other subjective evidence such as the Company’s projections of future growth. As a result, the Company considered both (i) historical core earnings, after adjusting for certain nonrecurring items, and (ii) the projected future profitability of its core operations and the impact of enacted changes in the application of the interest expense limitation rules beginning in 2022. The Company has established $ 11.5 ​ ​ ​

Long-Term Debt and Lines of Cre

Long-Term Debt and Lines of Credit	9 Months Ended
	Sep. 30, 2021
Long-Term Debt and Lines of Credit
Long-Term Debt and Lines of Credit	(13) Long-Term Debt and Lines of Credit Credit Facility ​ The Company has entered into senior secured credit facilities pursuant to a credit agreement dated December 22, 2016, and amended on October 24, 2017, April 3, 2018, June 14, 2018, and October 1, 2019 (the “Senior Secured Credit Facilities”). The Senior Secured Credit Facilities were further amended subsequent to the third quarter of 2021 (as amended, the “New Senior Secured Credit Facilities”). References to the “Credit Facilities” include both the Senior Secured Credit Facilities and the New Senior Secured Credit Facilities. The New Senior Secured Credit Facilities include revolver commitments of $200.0 million that mature in November 2026 and a $588.0 million term loan that matures in November 2026. Refer to Note 23, “Subsequent Events”, for additional details regarding the New Senior Secured Credit Facilities. ​ As of September 30, 2021, the Senior Secured Credit Facilities included revolver commitments of $200.0 million and a term loan of $665.0 million that were scheduled to mature in June 2023 and December 2023, respectively. ​ As of September 30, 2021 and December 31, 2020, the Company’s long-term debt consists of the following: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) First lien term loan ​ $ 586,225 $ 591,169 Less debt issuance costs ​ (5,440) ​ (7,379) Total long-term debt ​ 580,785 ​ 583,790 Less current portion of long-term debt, net of current portion of debt issuance costs ​ (4,628) ​ (4,628) Total long-term debt, net of current portion ​ $ 576,157 $ 579,162 ​ Principal payment requirements on the above obligations in each of the years remaining subsequent to September 30, 2021 are as follows: ​ ​ ​ ​ ​ Years ending: ​ (In thousands) 2021 (remainder of the year) ​ $ 1,649 2022 ​ ​ 6,593 2023 ​ 577,983 2024 and thereafter ​ — Total ​ $ 586,225 ​ The Credit Facilities contain certain customary representations and warranties, affirmative covenants and events of default. If an event of default occurs, the lenders under the 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 September 30, 2021, the Company was in compliance with all its financial covenants under the Senior Secured Credit Facilities. ​ 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 September 30, 2021 and December 31, 2020, the Company had $12.2 million and $13.9 million outstanding under these lines of credit, respectively, with additional capacity of $139.2 3.0% ​ Refer to Note 13, “Long-Term Debt and Lines of Credit,” to the audited consolidated financial statements in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and to Note 23, “Subsequent Events”, for discussion regarding the Company’s long-term debt and lines of credit.

Derivatives

Derivatives	9 Months Ended
	Sep. 30, 2021
Derivatives
Derivatives	(14) Derivatives Designated Derivatives ​ In 2020, the Company entered into an interest rate swap with a notional amount of $500.0 million to reduce a portion of the exposure to fluctuations in LIBOR interest rates associated with our variable-rate term loan. The interest rate swap has a fixed rate of 0.2025% and a maturity date of December 31, 2022. ​ The interest rate swap is designated as an effective cash flow hedge involving the receipt of variable amounts from a counterparty in exchange for the Company making fixed-rate payments over the life of the agreement without exchange of the underlying notional amount. ​ The Company performed a regression analysis at inception of the hedging relationship in which it compared the historical monthly changes in the termination clean price of the actual designated interest rate swap to the historical monthly changes in the termination clean price of a hypothetically perfect interest rate swap with terms that exactly match the hedged transactions and a fair value of zero at its inception using 37 different forward curves. Based on the regression results, the Company determined that the hedging instrument was highly effective at inception. On an ongoing basis, the Company assesses hedge effectiveness prospectively and retrospectively. The hedge continued to be highly effective for the quarter ended September 30, 2021. ​ The interest rate swap is recognized at fair value in the consolidated balance sheets. The table below presents the fair value of the interest rate swap and its classification on the unaudited condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020, respectively: ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (364) Interest Rate Swap - long-term portion Other assets $ 132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (341) Interest Rate Swap - long-term portion Other long-term liabilities $ (192) ​ Since the Company designated the swap as an effective cash flow hedge that qualifies for hedge accounting, unrealized gains or losses resulting from adjusting the swap to fair value is recorded as a component of other comprehensive (loss) income and subsequently reclassified into interest expense in the same period during which the hedged transaction affects earnings. Cash flows resulting from settlements are presented as a component of cash flows from operating activities within the unaudited condensed consolidated statements of cash flows. ​ The table below presents the effect of hedge accounting on accumulated other comprehensive (loss) income for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 ​ 2020 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive (loss) income $ (113) ​ $ (533) ​ $ (863) ​ $ — Derivative (loss) gain recognized in the current period in accumulated other comprehensive (loss) income ​ (250) ​ ​ (36) ​ ​ 131 ​ ​ (747) Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense ​ (131) ​ ​ (337) ​ ​ (38) ​ ​ (53) Ending accumulated derivative loss in accumulated other comprehensive (loss) income $ (232) ​ $ (232) ​ $ (694) ​ $ (694) ​ ​ ​ ​ The table below presents the effect of hedge accounting on the unaudited condensed consolidated statements of operations and comprehensive (loss) income for the three and nine months ended September 30, 2021 and 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 ​ 2020 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,123) ​ $ (18,282) ​ $ (6,717) ​ $ (23,916) Derivative loss reclassified from accumulated other comprehensive (loss) income into interest expense $ (131) ​ $ (337) ​ $ (38) ​ $ (53) ​ The Company estimates that an additional $0.4 ​ Non-designated Derivatives ​ In June 2021, the Company entered into a foreign currency swap and window forward contracts with notional amounts of approximately $31.0 million and $67.8 million, respectively, to mitigate exposure to fluctuations in foreign currency exchange rates related to certain foreign intercompany balances. Each of the foreign currency swap and the window forward contracts were settled during the three months ended September 30, 2021. ​ The Company did not designate the foreign currency swap and window forwards as an accounting hedge. Any realized gains or losses resulting from the settlement of the swap and forwards are recorded as a component of other income (expense), to offset the realized gains or losses recorded within other income (expense) from the remeasurement of the intercompany balances being hedged. Cash flows resulting from settlements are presented as a component of cash flows from operating activities within the unaudited condensed consolidated statements of cash flows. ​ The table below presents the realized losses on the unaudited condensed consolidated statements of operations and comprehensive (loss) income for the three and nine months ended September 30, 2021: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Realized Loss ​ 2021 ​ ​ ​ ​ (In thousands) Foreign Currency Swap ​ Other expense ​ $ (13) ​ $ (13) Window Forwards ​ Other expense ​ $ (43) ​ $ (43) ​

Supplemental Cash Flows Informa

Supplemental Cash Flows Information	9 Months Ended
	Sep. 30, 2021
Supplemental Cash Flows Information
Supplemental Cash Flows Information	(15) Supplemental Cash Flows Information Supplemental cash flow disclosures and non-cash investing and financing activities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2021 2020 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 16,437 $ 25,391 Income taxes paid ​ 7,855 10,525 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,572 ​ $ 2,763 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (3,157) ​ ​ (6,798) Deferred consideration payable ​ ​ 3,438 ​ — Contingent consideration payable ​ ​ 471 ​ ​ — Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 7,338 ​ ​ 4,131 Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 15,038 ​ ​ 9,425 ​

Redeemable Preferred Stock

Redeemable Preferred Stock	9 Months Ended
	Sep. 30, 2021
Redeemable Preferred Stock.
Redeemable Preferred Stock	(16) Redeemable Preferred Stock ​ On April 21, 2020, the Company issued 152,250 shares of Preferred Stock. The Company received approximately $149.3 million in total net proceeds from the sale of the Preferred Stock and incurred approximately $1.7 million in stock issuance costs as part of the sale. ​ The Preferred Stock ranks senior to the Class A common stock with respect to dividends and distributions on liquidation, winding-up, and dissolution. Each share of Preferred Stock had an initial liquidation preference of $1,000 per share. Holders of shares of Preferred Stock are entitled to cumulative, paid-in-kind (“PIK”) dividends, which are payable semi-annually in arrears by increasing the liquidation preference for each outstanding share of Preferred Stock. These PIK dividends accrue at an annual rate of (i) 6.00% per annum for the first ten years and (ii) 8.00% per annum thereafter. At the 2021 annual meeting of stockholders, the Company’s stockholders voted to approve the elimination of the limitation on conversion of the Preferred Stock in the event the conversion results in Class A Common Stock ownership in excess of 19.99% of the aggregate voting power as required by Nasdaq Listing Rule 5635. Holders of Preferred Stock are also entitled, on an as-converted basis, to participate in and receive any dividends declared or paid on the Class A Common Stock, and no dividends may be paid to holders of Class A Common Stock unless full participating dividends are concurrently paid to holders of Preferred Stock. ​ The Preferred Stock’s initial carrying value is recorded at a discount to its liquidation preference. In accordance with the SEC’s Staff Accounting Bulletin Topic 5.Q, Increasing Rate Preferred Stock ​ Each holder of Preferred Stock has the right, at its option, to convert its Preferred Stock, in whole or in part, into fully paid and non-assessable shares of Class A Common Stock, at any time. The number of shares of Class A Common Stock into which a share of Preferred Stock will convert at any time is equal to the product of (i) the then-effective conversion rate and (ii) the quotient obtained by dividing the sum of the then-effective liquidation preference per share of Preferred Stock and the amount of any accrued and unpaid PIK dividends by the initial liquidation preference of $1,000. The conversion rate of the Preferred Stock was initially set at 63.2911 shares of Class A Common Stock, based on an implied conversion price of $15.80 per share of Class A Common Stock. The conversion rate is subject to customary anti-dilution adjustments, including in the event of any stock split, stock dividend, recapitalization or similar events. The conversion rate is also subject to adjustment for certain antidilutive offerings occurring during the first nine months following the issuance of the Preferred Stock, subject to certain caps set forth in the certificate of designations for the Preferred Stock. The Company has the right to settle any conversion at the request of a holder of Preferred Stock in cash based on the last reported sale price of the Class A Common Stock. ​ Subject to certain conditions, the Company may, at its option, require conversion of all (but not less than all) of the outstanding shares of Preferred Stock to Class A Common Stock if, for at least 20 trading days during the 30 consecutive trading days immediately preceding notification of the election to convert, the last reported closing price of the Company’s Class A common stock is at least (i) 180% of the conversion price prior to the fourth semi-annual PIK dividend payment date, (ii) 170% of the conversion price on or after the fourth and prior to the sixth semi-annual PIK dividend payment date, (iii) 160% of the conversion price on or after the sixth and prior to the eighth semi-annual PIK dividend payment date, or (iv) 150% of the conversion price on or after the eighth semi-annual PIK dividend payment date. If the Company elects to mandatorily convert all outstanding shares of Preferred Stock prior to the sixth semi-annual PIK dividend payment date, then, for purposes of such conversion, the liquidation preference of each outstanding share of Preferred Stock will be increased by the compounded amount of all remaining scheduled PIK dividend payments on the Preferred Stock through, and including, the sixth semi-annual PIK dividend payment date. ​ The holders of the Preferred Stock are generally entitled to vote with the holders of the shares of Class A common stock on all matters submitted for a vote to the Class A common stockholders (voting together with the holders of shares of Class A common stock as one class) on an as-converted basis, subject to certain limitations. ​ The Preferred Stock may be redeemed by the Company at any time after ten years for a cash purchase price equal to the liquidation preference as of the redemption date plus accumulated and unpaid regular PIK dividends. If the Company undergoes a change of control (as defined in the certificate of designations for the Preferred Stock), each holder of Preferred Stock may require the Company to repurchase all or a portion of its then-outstanding shares of Preferred Stock for cash consideration equal to 150% of the then-current liquidation preference per share of Preferred Stock plus accumulated and unpaid dividends, if any (or, if the repurchase date for such change of control is on or after the sixth semi-annual PIK dividend payment date, 100% of the liquidation preference per share of Series A Preferred Stock plus accumulated and unpaid dividends, if any). Because the occurrence of a change of control may be outside of the Company’s control, the Company has classified the Preferred Stock as mezzanine equity on the unaudited condensed consolidated balance sheets. If a change of control were to occur as of September 30, 2021, the Company might have been required to repurchase the Preferred Stock for $248.7 ​

Redeemable Non-controlling Inte

Redeemable Non-controlling Interests	9 Months Ended
	Sep. 30, 2021
Redeemable Non-controlling Interests
Redeemable Non-controlling Interests	(17) Redeemable Non-controlling Interests ​ The Company owns 66% of eService, the Company’s Polish subsidiary. The eService shareholders’ agreement includes a provision whereby PKO Bank Polski, the owner of 34% of eService, has the option to compel the Company to purchase the shares of eService held by PKO Bank Polski, at a price per share based on the fair value of the shares. The option expires on January 1, 2024. 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 within the mezzanine equity section of the unaudited condensed consolidated balance sheets. At each balance sheet date, the RNCI is reported at its redemption value, which represents the estimated fair value, with a corresponding adjustment to additional paid-in capital, or accumulated deficit in absence of additional paid-in capital. ​ In October 2020, the Company, through its Mexican subsidiary, formed a joint venture with BCI, pursuant to which the Company owns 50.1% and BCI owns 49.9% of the equity of the Chilean subsidiary pursuant to the terms of a shareholders agreement between the parties. Under the shareholders agreement, BCI has the option to compel the Company to purchase BCI’s shares in the Chilean subsidiary at a price per share based on the fair value of the shares. The option becomes effective two years after the agreement date. 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 within the mezzanine equity section of the unaudited condensed consolidated balance sheets. At each balance sheet date, the RNCI is reported at its redemption value, which represents the estimated fair value, with a corresponding adjustment to additional paid-in capital, or accumulated deficit in absence of additional paid-in capital. ​ As of September 30, 2021 ​ The following table details the components of RNCI for the nine months ended September 30, 2021 and for the year ended December 31, 2020: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2021 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 Contributions ​ ​ — ​ ​ — ​ ​ 1,487 ​ ​ 1,487 Distributions ​ ​ — ​ ​ (10,700) ​ ​ — ​ ​ (10,700) Net (loss) income attributable to RNCI ​ ​ (158) ​ ​ 7,439 ​ ​ (1,140) ​ ​ 6,141 Unrealized loss on foreign currency translation adjustment ​ ​ (8,699) ​ ​ (4,213) ​ ​ (490) ​ ​ (13,402) Unrealized gain on change in fair value of interest rate swap ​ ​ 117 ​ ​ — ​ ​ — ​ ​ 117 (Decrease) Increase in the maximum redemption amount of RNCI ​ ​ (96,160) ​ ​ 5,782 ​ ​ — ​ ​ (90,378) Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (2,206) ​ ​ — ​ ​ — ​ ​ (2,206) Ending balance, September 30, 2021 ​ $ 761,632 ​ $ 184,744 ​ $ 316 ​ $ 946,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2020 ​ $ 902,258 ​ $ 150,190 ​ $ — ​ $ 1,052,448 Contributions ​ ​ — ​ ​ — ​ ​ 505 ​ ​ 505 Distributions ​ ​ — ​ ​ (4,537) ​ ​ — ​ ​ (4,537) Net (loss) income attributable to RNCI ​ ​ (8,068) ​ ​ 7,004 ​ ​ (85) ​ ​ (1,149) Unrealized gain on foreign currency translation adjustment ​ ​ 3,658 ​ ​ 1,546 ​ ​ 39 ​ ​ 5,243 Unrealized loss on change in fair value of interest rate swap ​ ​ (223) ​ ​ — ​ ​ — ​ ​ (223) Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ (51,350) ​ ​ — ​ ​ — ​ ​ (51,350) Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ 1,650 ​ ​ — ​ ​ — ​ ​ 1,650 Increase in the maximum redemption amount of RNCI ​ ​ 33,382 ​ ​ 32,233 ​ ​ — ​ ​ 65,615 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (12,569) ​ ​ — ​ ​ — ​ ​ (12,569) Ending balance, December 31, 2020 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair Value

Fair Value	9 Months Ended
	Sep. 30, 2021
Fair Value
Fair Value	(18) Fair Value The table below presents information about items, which are carried at fair value on a recurring basis: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 87,057 $ — $ — $ 87,057 Contingent consideration ​ — — (735) (735) Blueapple RNCI ​ ​ (761,632) ​ ​ — ​ ​ — ​ ​ (761,632) eService RNCI ​ — — (184,744) (184,744) Chile RNCI ​ ​ — — (316) (316) Interest rate swap ​ ​ — ​ ​ (232) ​ ​ — ​ ​ (232) Investment in equity securities ​ ​ — ​ ​ 26,129 ​ ​ — ​ ​ 26,129 Total ​ $ (674,575) $ 25,897 $ (185,795) $ (834,473) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 39,578 $ — $ — $ 39,578 Contingent consideration ​ — — (1,000) (1,000) Blueapple RNCI ​ ​ (868,738) ​ ​ — ​ ​ — ​ ​ (868,738) eService RNCI ​ — — (186,436) (186,436) Chile RNCI ​ ​ — ​ ​ — ​ ​ (459) ​ ​ (459) Interest rate swap ​ — ​ (533) ​ — ​ (533) Investment in equity securities ​ — ​ 25,526 ​ — ​ 25,526 Total ​ $ (829,160) $ 24,993 $ (187,895) $ (992,062) ​ 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. ​ The estimated fair value of Blueapple’s RNCI is derived from the closing stock price of the Company’s Class A common stock on the last day of the period. ​ The estimated fair value of eService’s RNCI is determined utilizing an income approach, weighted at 50%, based on the forecasts of expected future cash flows, and the market approach, weighted at 50%, based on the guideline public company data. In applying the income approach, significant unobservable inputs included (i) the weighted-average cost of capital (“WACC”) used to discount the future cash flows, which was 12.0%, based on the markets in which the business operates and (ii) growth rates used within the future cash flows, which were up to 17.1%, 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. Conversely, a decrease in the WACC would result in an increase in the fair value of RNCI in eService. In applying the market approach, the ranges of the valuation multiples as of September 30, 2021 were 4.25 4.75 8.50 ​ The estimated fair value of Chile’s RNCI approximates its carrying amount as of September 30, 2021, given the proximity of the transaction date (i.e. formation of the joint venture and its beginning of operations in early June 2021, after securing approval from the Comisién Para el Mercado Financiero (“CMF”)) and the measurement date. ​ In May 2020, the Company entered into an interest rate swap to reduce a portion of the exposure to fluctuations in LIBOR interest rates associated with its variable-rate debt. The fair value of the interest rate swap was determined based on the present value of the estimated future net cash flows using the LIBOR forward rate curve as of September 30, 2021. The future interest rates are derived from observable market interest rate curves and thus fall within Level 2 of the valuation hierarchy. The credit valuation adjustment associated with the derivative, related to the likelihood of default by the Company and the counterparty, was not significant to the overall valuation. As a result, the fair value of the interest rate swap is classified as Level 2 of the fair value hierarchy. As described in Note 14, “Derivatives,” the fair value of the interest rate swap was a $0.2 million liability and $0.5 million liability at September 30, 2021 and December 31, 2020, respectively. ​ The Company was a member of Visa Europe Limited (“Visa Europe”) through certain of the Company’s subsidiaries in Europe. In 2016, Visa Inc. (“Visa”) acquired all of the membership interests in Visa Europe. As part of the proceeds from the sale of its membership interests, one of the Company’s subsidiaries received shares of Visa Series C preferred stock and another subsidiary received economic rights relating to shares of Visa Series C preferred stock under a contractual arrangement with a former member of Visa Europe. ​ The Visa Series C preferred stock is convertible into Visa Series A preferred stock at periodic intervals over the 12 year period following the acquisition date at Visa’s discretion. In September 2020, Visa issued a partial conversion and conversion adjustment with respect to its Series C preferred stock. Pursuant to the partial conversion and conversion adjustment, holders of Series C preferred stock received shares of Series A preferred stock and the conversion ratio for such holder’s shares of Series C preferred stock was reduced. The Series A preferred stock is convertible into shares of Visa Class A common stock upon a transfer to any holder that is eligible to hold Visa Class A common stock. Holders of Series A preferred stock are able to effectuate a transfer to an eligible holder through a sales facility established by Visa’s transfer agent or through a third party broker. ​ The Visa Series A preferred stock, which is presented in investments in equity securities on the unaudited condensed consolidated balance sheets, is reported at fair value. In connection with the measurement of the investment in Visa Series A preferred stock at fair value, the Company recognized a loss of $1.3 million and a gain of $1.0 million for the three and nine months ended September 30, 2021, respectively, and a gain of $15.8 million for the three months ended September 30, 2020. The fair value of Visa Series A preferred stock is determined using a market approach based on the quoted market price of Visa Class A common stock, and as a result is classified as Level 2 of the fair value hierarchy. ​ The remaining Visa Series C preferred stock is carried at cost in the amount of €6.5 million ($7.4 million based on the foreign exchange rate at the time of the acquisition) as of each of September 30, 2021 and December 31, 2020, and is presented in other assets on the unaudited condensed consolidated balance sheets. The estimated fair value of the remaining Visa Series C preferred stock of $20.9 million and $20.4 million as of September 30, 2021 and December 31, 2020, respectively, is based upon inputs classified as Level 3 of the fair value hierarchy. These inputs include the fair value of Visa Class A common stock as of September 30, 2021, the conversion factor of Visa Series C preferred stock to Visa Class A common stock, and a discount due to the lack of liquidity, which represents a measure of fair value that is unobservable or requires management’s judgment. ​ The estimated fair value of receivables, settlement processing assets and obligations, due to and from related parties and settlement lines of credit approximate their respective carrying values due to their short term nature. The estimated fair value of long-term debt as of September 30, 2021 and December 31, 2020 was $585.9 592.6

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2021
Commitments and Contingencies.
Commitments and Contingencies	(19) Commitments and Contingencies Litigation ​ One of the Company’s financial institution referral partners, Grupo Banco Popular, was acquired by Santander in June 2017, which has adversely impacted the Company’s business in Spain. Revenues from this channel have declined significantly due primarily to reduced merchant referrals following Santander’s consolidation of Grupo Banco Popular branches and the bank’s lack of performance of certain of its obligations under our agreements. The Company believes that its agreements with Santander, including the bank’s referral obligations, remain in full force and effect and the Company is pursuing the contractual and legal remedies available to the Company as it works to resolve these and other matters. In December 2020, the Company filed a claim in the Court of First Instance in Madrid, Spain seeking recovery in connection with Santander’s breach of certain of its exclusivity, non-compete and merchant referral obligations under the commercial agreements between the parties. The litigation is at a preliminary stage and the Company cannot at this time determine the likelihood of any outcome or any damages that may be awarded to it. There can be no assurance as to when or if the Company will recover the amounts to which the Company believes it is entitled. The Company is also 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	9 Months Ended
	Sep. 30, 2021
Segment Information
Segment Information	(20) Segment Information ​ Information on segments and reconciliations to revenue and net income (loss) attributable to the shareholders of EVO, Inc. and members of EVO, LLC are set forth below. Segment profit, which is the measure used by our chief operating decision maker to evaluate the performance of and allocate resources to our segments, is calculated as 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. ​ Certain corporate-wide governance functions, as well as depreciation and amortization, are not allocated to our segments. The Company does not evaluate performance or allocate resources based on segment assets, and therefore, such information is not presented. ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 2020 2021 2020 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 79,424 $ 68,788 ​ $ 226,830 $ 201,612 Europe ​ 55,617 48,188 ​ 136,626 120,816 Revenue ​ $ 135,041 $ 116,976 ​ $ 363,456 $ 322,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ ​ Americas ​ $ 37,327 $ 28,869 ​ $ 105,084 $ 71,649 Europe ​ 22,086 34,446 ​ 48,267 50,063 Total segment profit ​ 59,413 63,315 ​ 153,351 121,712 Corporate ​ (10,481) (10,937) ​ (26,618) (28,119) Depreciation and amortization ​ (21,941) (22,167) ​ (63,562) (64,116) Net interest expense ​ (5,669) (6,491) ​ (17,258) (23,059) Provision for income tax expense ​ (8,284) (6,775) ​ (19,859) (4,699) Share-based compensation expense ​ ​ (9,172) ​ ​ (5,916) ​ ​ (21,459) ​ (15,391) Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC ​ ​ 1,396 ​ ​ 5,190 ​ ​ (196) ​ ​ (10,932) Net income (loss) attributable to EVO Payments, Inc. ​ $ 2,470 $ 5,839 ​ $ 4,791 $ (2,740) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ ​ ​ ​ Americas ​ $ 2,556 $ 1,852 ​ $ 9,244 $ 7,458 Europe ​ 3,414 2,193 ​ 16,685 5,261 Consolidated total capital expenditures ​ $ 5,970 $ 4,045 ​ $ 25,929 $ 12,719 ​ The Company’s long-lived assets, which consist of equipment and improvements, net, and operating lease right-of-use assets, by geographic location are as follows: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Long-lived assets: ​ ​ ​ ​ ​ ​ Poland ​ $ 33,656 ​ $ 40,945 United States ​ ​ 23,009 ​ ​ 30,334 Mexico ​ ​ 18,836 ​ ​ 20,862 Other ​ ​ 24,357 ​ ​ 26,589 Totals ​ $ 99,858 ​ $ 118,730 ​ Revenue is attributed to individual countries based on the location where the relationship is managed. For the three months ended September 30, 2021, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 36.5%, 19.4%, and 18.8%, respectively. For the three months ended September 30, 2020, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 40.0%, 20.8%, and 16.1%, respectively. For the nine months ended September 30, 2021, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 39.1%, 17.7%, and 20.1%, respectively. For the nine months ended September 30, 2020, revenue in the United States, Poland, and Mexico, as a percentage of total consolidated revenue, was 42.4%, 18.2%, and 17.3%, respectively. For the three and nine months ended September 30, 2021 and 2020, there is no one customer that represents more than 10% of total revenue.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Sep. 30, 2021
Shareholders' Equity
Shareholders' Equity	(21) Shareholders’ Equity EVO, Inc. was incorporated under the laws of the State of Delaware on April 20, 2017. On May 25, 2018, we completed the IPO, and shares of our Class A common stock began trading on the Nasdaq stock exchange on May 23, 2018 under the symbol “EVOP.” In connection with the IPO, we completed the Reorganization Transactions to implement an “Up-C” capital structure. As a result of the Reorganization Transactions and the IPO, EVO, Inc. is the sole managing member of EVO, LLC and a holding company whose principal assets are the LLC Interests and the preferred membership interests (“Preferred LLC Interests”) in EVO, LLC. 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. 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. From the date of the Reorganization Transactions and the IPO until May 24, 2021, the Company had four classes of common stock: Class A common stock, Class B common stock (classified as redeemable non-controlling interest), Class C common stock (classified as non-redeemable non-controlling interest) and Class D common stock (classified as non-redeemable non-controlling interest). On May 25, 2021, pursuant to the Company’s amended and restated certificate of incorporation, all 32,163,538 outstanding shares of Class B common stock were automatically cancelled for no consideration, and each outstanding share of Class C common stock was automatically converted into one share of Class D common stock. Following the cancellation of Class B common stock, Blueapple continues to hold 32,163,538 LLC Interests and maintains all of its rights under the EVO LLC Agreement. Following these changes in the Company’s equity capital structure, the Company has two classes of common stock outstanding: Class A common stock and Class D common stock (classified as non-redeemable non-controlling interest). The Company has one class of preferred stock outstanding, which is convertible (subject to certain limitations) into shares of Class A common stock. The Preferred Stock was issued on April 21, 2020 in connection with an investment by MDP. Refer to Note 16, “Redeemable Preferred Stock,” for additional details regarding the transaction. The voting and economic rights associated with our classes of common and preferred 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 D common stock MDP and Current and Former Employees, and Executive Officers One vote per share No Series A Preferred Stock ​ MDP ​ On an as-converted basis* ​ Yes ​ * Subject to certain voting caps as specified in the certificate of designations for the Preferred Stock Following the cancellation of Class B common stock on May 25, 2021, Blueapple continues to hold 32,163,538 LLC Interests and maintains all of its rights under the EVO LLC Agreement, including the sale right that provides 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 the Company’s 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 for cash 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, or upon conversion of any shares of Preferred Stock held by MDP. 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 uses 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	9 Months Ended
	Sep. 30, 2021
Stock Compensation Plans and Share-Based Compensation Awards
Stock Compensation Plans and Share-Based Compensation Awards	(22) Stock Compensation Plans and Share-Based Compensation Awards The Company provides share-based compensation awards to its employees under the Amended and Restated 2018 Omnibus Incentive Stock Plan (the “Amended and Restated 2018 Plan”). The original Omnibus Equity Incentive Plan (the “2018 Plan”) was adopted in conjunction with the Company’s IPO and became effective on May 22, 2018. In February 2020, the Company adopted the Amended and Restated 2018 Plan, which was approved by the Company’s stockholders at the Company’s 2020 annual meeting of stockholders in June 2020. The Amended and Restated 2018 Plan amended and restated the 2018 Plan in its entirety and increased the number of shares of the Company’s Class A common stock available for grant and issuance under the 2018 Plan from 7,792,162 shares to 15,142,162 shares. The Amended and Restated 2018 Plan was further amended in November 2021 solely to clarify certain provisions in anticipation of the implementation of the Company’s performance-based equity awards. The Amended and Restated 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. Share-based compensation expense is presented within selling, general, and administrative expenses within the unaudited condensed consolidated statements of operations and comprehensive (loss) income: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (In thousands) Share-based compensation expense ​ $ 9,172 ​ $ 5,916 ​ $ 21,459 ​ $ 15,391 Income tax benefit ​ $ (1,350) ​ $ (676) ​ $ (3,271) ​ $ (1,752) ​ 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 less than $ 0.1 ​ A summary of RSAs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSAs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 4 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (4) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at September 30, 2021 ​ — ​ $ 16.00 ​ As of September 30, 2021 and 2020, total unrecognized share-based compensation expense related to outstanding RSAs was less than $0.1 million. The total fair value of shares vested during the nine months ended September 30, 2021 and 2020, was less than $ 0.1 ​ Restricted stock units ​ The Company recognized share-based compensation expense for RSUs granted of $4.7 $2.2 $10.4 $6.2 ​ A summary of RSUs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of RSUs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 1,149 ​ $ 22.92 Granted ​ 686 ​ ​ 25.83 Vested ​ (416) ​ ​ 23.15 Forfeited ​ (58) ​ ​ 21.45 Balance at September 30, 2021 ​ 1,361 ​ $ 24.38 ​ As of September 30, 2021 and 2020, total unrecognized share-based compensation expense related to outstanding RSUs was $25.7 $21.9 $9.6 $5.4 ​ Stock options ​ Service-Based Stock Options ​ The Company recognized share-based compensation expense for the service-based stock options granted of $4.1 $3.7 $10.1 $9.1 ​ A summary of service-based stock option activity is as follows (in thousands, except per share and term data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Options ​ Weighted-average grant date fair value ​ Weighted-average exercise price ​ Weighted-average remaining contractual term ​ Total intrinsic value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 5,084 ​ $ 7.60 ​ $ 21.06 ​ ​ 8.36 ​ $ 30,405 Granted ​ 1,115 ​ ​ 9.76 ​ ​ 25.73 ​ ​ — ​ ​ — Exercised ​ (437) ​ ​ 6.29 ​ ​ 17.56 ​ ​ — ​ ​ 4,778 Forfeited ​ (157) ​ ​ 8.03 ​ ​ 22.39 ​ ​ — ​ ​ — Balance at September 30, 2021 ​ 5,605 ​ $ 8.12 ​ $ 22.22 ​ ​ 7.93 ​ $ 15,671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at September 30, 2021 ​ 2,564 ​ $ 7.34 ​ $ 19.59 ​ ​ 7.41 ​ $ 12,645 ​ As of September 30, 2021 and 2020, total unrecognized share-based compensation expense related to unvested service-based stock options was $21.0 million and $24.5 vested the Chief Executive Officer (“CEO”)) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.16% ​ ​ 0.86% Expected volatility ​ ​ 34.61% ​ ​ 30.24% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 9.76 ​ $ 6.84 ​ The risk-free interest rate is based on the yield of a zero-coupon United States 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 limited 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 applies the simplified method in determining the expected life of the stock options as the Company has limited historical basis upon which to determine historical exercise periods. The Company’s assumption of the expected life is determined based on the general grant vesting period plus half of the remaining life through expiration. All stock options exercised will be settled in Class A common stock. ​ Market and Service-Based Stock Options ​ During the quarter ended March 31, 2021, 287,395 stock options with a fair value of approximately $2.9 million were granted to the Company’s CEO. These options vest only upon the satisfaction of certain market-based and service-based vesting conditions. The market-based vesting condition, which was met in the second quarter of 2021, required that the twenty trading day trailing average price for the Company’s Class A common stock must equal or exceed 110% of the closing price of the Company’s Class A common stock on the grant date for a period of twenty consecutive trading days. In addition, the options are subject to a service-based vesting condition that is satisfied in three equal annual installments on the first, second and third anniversaries of the grant date. ​ For the purpose of calculating share-based compensation expense, the fair value of this grant was determined through the application of the Monte-Carlo simulation model with the following assumptions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% Expected volatility ​ ​ 34.65% Dividend yield ​ ​ 0.00% Exercise price ​ $ 25.46 ​ ​ ​ ​ ​ ​ ​ ​ The Company recognizes share-based compensation expense related to this award with market-based and service-based conditions over the derived service period of 3 years using the graded vesting method. The Company recognized share-based compensation expense for these stock options of $0.4 $1.0 1.9 1.6

Subsequent Events

Subsequent Events	9 Months Ended
	Sep. 30, 2021
Subsequent Events
Subsequent Events	(23) Subsequent Events ​ On November 1, 2021, EVO Payments International, LLC (“EPI”), a wholly-owned subsidiary of EVO, Inc., entered into a Second Restatement Agreement to Amended and Restated Credit Agreement (the “Restatement Agreement”) by and among EPI, as borrower, the subsidiaries of the borrower identified therein, as guarantors, Citibank, N.A., as administrative agent, Truist Bank, as the successor administrative agent and the lenders party thereto, to amend and restate the Senior Secured Credit Facilities (as amended and restated by the Restatement Agreement, the “New Senior Secured Credit Facilities”). The New Senior Secured Credit Facilities include revolver commitments of $200.0 million and a $588.0 million term loan. The Restatement Agreement extends the maturity of the revolving facility from June 14, 2023 to November 1, 2026 and the maturity of the term loan facility from December 22, 2023 to November 1, 2026. ​ Borrowings under the New Senior Secured Credit Facilities bear interest at an annual rate equal to, at EPI’s option, (a) a base rate, plus an applicable margin or (b) LIBOR, plus an applicable margin. The applicable margin for base rate loans ranges from 0.75% to 1.75% per annum and for LIBOR loans ranges from 1.75% to 2.75% per annum, in each case based upon achievement of certain consolidated leverage ratios. In addition to paying interest on outstanding principal, EPI is required to pay a commitment fee to the lenders in respect of the unutilized revolving commitments thereunder ranging from 0.25% to 0.375% per annum based upon achievement of certain consolidated leverage ratios. The New Senior Secured Credit Facilities include provisions that provide for the eventual replacement of LIBOR as a reference rate with the Secured Overnight Financing Rate (as defined therein) or otherwise an alternate benchmark rate that has been selected by the administrative agent and EPI and not objected to by a majority of the lenders. ​ The New Senior Secured Credit Facilities require prepayment of outstanding loans, subject to certain exceptions, with: (1) 100% of the net cash proceeds of non-ordinary course asset sales or other dispositions of assets (including casualty events) by EPI and its restricted subsidiaries, subject to reinvestment rights and certain other exceptions (subject to step-downs to 50% and 0% based on achievement of certain consolidated leverage ratios), and (2) 50% of the excess cash flow (subject to certain exceptions and step-downs to 25% and 0% based on achievement of certain consolidated leverage ratios). ​ EPI may voluntarily repay outstanding loans under the New Senior Secured Credit Facilities at any time, without premium. ​ All obligations under the New Senior Secured Credit Facilities are unconditionally guaranteed by most of EPI’s direct and indirect, wholly-owned domestic subsidiaries, subject to certain exceptions. ​ All obligations under the New Senior Secured Credit Facilities, and the guarantees of such obligations, are secured, subject to permitted liens and other exceptions, by: ​ ● a first-priority lien on the capital stock owned by EPI or by any guarantor in each of EPI’s or their respective subsidiaries (limited, in the case of capital stock of foreign subsidiaries, to 65% of the voting stock and 100% of the non-voting stock of first tier foreign subsidiaries); and ● a first-priority lien on substantially all of EPI’s and each guarantor’s present and future intangible and tangible assets (subject to customary exceptions). ​ The New Senior Secured Credit Facilities contain a number of significant negative covenants. These covenants, among other things, restrict, subject to certain exceptions, EPI and its restricted subsidiaries ability to: ​ ● incur indebtedness; ● create liens; ● engage in mergers or consolidations; ● make investments, loans and advances; ● pay dividends and distributions and repurchase capital stock; ● sell assets; ● engage in certain transactions with affiliates; ● enter into sale and leaseback transactions; ● make certain accounting changes; and ● make prepayments on junior indebtedness. ​ The New Senior Secured Credit Facilities also contain a financial covenant that requires EPI to remain under a maximum consolidated leverage ratio determined on a quarterly basis with step-downs over time. The Borrower may elect to increase the maximum consolidated leverage level with which it must comply by 0.5x up to two times during the term upon the consummation of a “material acquisition.” ​ In addition, the New 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 New Senior Secured Credit Facilities will be entitled to take various actions, including the acceleration of amounts due thereunder and exercise of remedies on the collateral. ​ ​

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2021
Description of Business and Summary of Significant Accounting Policies
Basis of Presentation and Use of Estimates	(b) Basis of Presentation and Use of Estimates The accompanying unaudited condensed consolidated balance sheets as of September 30, 2021 and December 31, 2020, the unaudited condensed consolidated statements of operations and comprehensive (loss) income for the three and nine months ended September 30, 2021 and 2020, the unaudited condensed consolidated statements of changes in equity (deficit) for the three and nine months ended September 30, 2021 and 2020, and the unaudited condensed consolidated statements of cash flows for the nine months ended September 30, 2021 and 2020 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, 2020. 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, as of 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 used for accounting purposes include, but are not limited to, valuation of redeemable non-controlling interests (“RNCI”), evaluation of realizability of deferred tax assets, determination of liabilities under the tax receivable agreement, determination of liabilities and corresponding right-of-use assets arising from lease agreements, determination of assets or liabilities arising from derivative transactions, determination of fair value of share-based compensation, establishment of severance liabilities, establishment of allowance for doubtful accounts, and assessment of impairment of goodwill and intangible assets.
Principles of Consolidation	(c) Principles of Consolidation The accompanying unaudited condensed consolidated financial statements include the accounts of the Company. As the sole managing member of EVO, LLC, the Company exerts control over the Group. In accordance with Accounting Standards Codification (“ASC”) 810, Consolidation
Cash and Cash Equivalents, Restricted Cash, Settlement Related Cash and Merchant Reserves	(d) Cash and Cash Equivalents, Restricted Cash, Settlement Related Cash and Merchant Reserves Cash and cash equivalents include all cash balances and highly liquid securities with original maturities of three months or less. Cash balances often exceed federally insured limits; however, concentration of credit risk is limited due to the payment of funds on the same day or the day following receipt in satisfaction of the settlement process. Included in cash and cash equivalents are settlement-related cash and merchant reserves. ​ Settlement-related cash represents funds that the Company holds when the incoming amount from the card networks precedes the funding obligation to the merchant. Settlement-related cash balances are not restricted, however, these funds are generally paid out in satisfaction of settlement processing obligations and therefore are not available for general purposes. As of September 30, 2021 and December 31, 2020, settlement-related cash balances were $134.6 million and $163.5 million, respectively. ​ Merchant reserves 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. While this cash is not restricted in its use, the Company believes that maintaining merchant reserves to collateralize merchant losses strengthens its fiduciary standings with its card network sponsors and is in accordance with the guidelines set by the card networks. As of September 30, 2021 and December 31, 2020 109.9 ​ Restricted cash represents funds held as a liquidity reserve at our Chilean subsidiary, as required by local regulations. ​ The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the unaudited condensed consolidated balance sheets to the total amount shown in the unaudited condensed consolidated statements of cash flows: ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 415,894 $ 418,439 Restricted cash included in other assets 348 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 416,242 $ 418,539 ​
Derivatives	(e) Derivatives The Company recognizes derivatives on the consolidated balance sheets at fair value. The accounting for changes in the fair value of derivatives depends on the intended use of a particular derivative, whether the Company has elected to designate or not designate such derivative in a hedging relationship and apply hedge accounting and whether the hedging relationship has satisfied the criteria necessary to apply hedge accounting. ​ Derivatives designated and qualifying as a hedge of the exposure to variability in expected future cash flows, or other types of forecasted transactions, are considered cash flow hedges. Hedge accounting generally provides for the matching of the timing of gain or loss recognition on the hedging instrument with the recognition of the changes in the fair value of the hedged asset or liability that are attributable to the earnings effect of the hedged forecasted transactions in a cash flow hedge. ​ The Company entered into a foreign currency swap and window forward contracts in June 2021 to mitigate its exposure to fluctuations in foreign currency exchange rates related to certain foreign intercompany balances. The Company elected not to designate the foreign currency swap and window forward contracts as a cash flow hedge and such derivatives are not subject to hedge accounting as a result. Each of the foreign currency swap and the window forward contracts were settled during the three months ended September 30, 2021. ​ Changes in the fair value of a derivative that is designated as, and meets all the required criteria for, a cash flow hedge are recorded in accumulated other comprehensive (loss) income and reclassified into earnings as the underlying hedged item affects earnings. Changes in the fair value of a derivative that is not designated as a cash flow hedge are recorded as a component of other income (expense). ​ Refer to Note 14, “Derivatives,” and Note 18, “Fair Value,” for further information on the derivative instruments.
Recent Accounting Pronouncements	(f) Recent Accounting Pronouncements New accounting pronouncements issued by the Financial Accounting Standards Board (the “FASB”) or other standards setting bodies are adopted as of the specified effective date. Unless otherwise discussed, the Company believes that the impact of recently issued standards that are not yet effective will not have a material impact on the Company’s consolidated financial statements upon adoption. Recently Adopted Accounting Pronouncements Simplifying the Accounting for Income Taxes ​ In December 2019, the FASB issued Accounting Standards Update (“ASU”) 2019-12, Simplifying the Accounting for Income Taxes ​ Investments, Joint Ventures, and Derivatives and Hedging ​ In January 2020, the FASB issued ASU 2020-01, Investments - Equity Securities (Topic 321), Investments - Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), ​ Recently Issued Accounting Pronouncements Not Yet Adopted Reference Rate Reform ​ In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform that the index upon which future hedged transactions will be based matches the index on the corresponding derivatives. The Company will continue to evaluate the effect of the discontinuance of LIBOR on our outstanding debt and hedging instrument and the related effect of ASU 2020-04 on our consolidated financial statements, as applicable. ​ Convertible Instruments and Contracts in an Entity’s Own Equity ​ In August 2020, the FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2021
Description of Business and Summary of Significant Accounting Policies
Schedule of cash, cash equivalents and restricted cash	​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 ​ 2020 ​ (In thousands) Cash and cash equivalents $ 415,894 $ 418,439 Restricted cash included in other assets 348 100 Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows $ 416,242 $ 418,539

Revenue (Tables)

Revenue (Tables)	9 Months Ended
	Sep. 30, 2021
Revenue
Summary of revenue	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2021 ​ Nine Months Ended September 30, 2021 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 33,688 ​ $ 42,833 ​ $ 76,521 ​ $ 95,041 ​ $ 106,929 ​ $ 201,970 Tech-enabled ​ ​ 34,740 ​ 12,784 ​ 47,524 ​ ​ 99,522 ​ 29,697 ​ 129,219 Traditional ​ 10,996 — 10,996 ​ 32,267 — 32,267 Totals ​ $ 79,424 $ 55,617 $ 135,041 ​ $ 226,830 $ 136,626 $ 363,456 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, 2020 ​ Nine Months Ended September 30, 2020 ​ ​ Americas Europe Total Americas Europe Total ​ ​ (In thousands) ​ (In thousands) Divisions: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Direct ​ $ 27,369 ​ $ 37,713 ​ $ 65,082 ​ $ 81,361 ​ $ 94,478 ​ $ 175,839 Tech-enabled ​ ​ 31,066 ​ 10,475 ​ 41,541 ​ ​ 88,109 ​ 26,338 ​ 114,447 Traditional ​ 10,353 — 10,353 ​ 32,142 — 32,142 Totals ​ $ 68,788 $ 48,188 $ 116,976 ​ $ 201,612 $ 120,816 $ 322,428

Settlement Processing Assets _2

Settlement Processing Assets and Obligations (Tables)	9 Months Ended
	Sep. 30, 2021
Settlement Processing Assets and Obligations
Summary of settlement processing assets and obligations	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Settlement processing assets: ​ ​ Receivable from card networks ​ $ 243,586 $ 198,053 Receivable from merchants ​ 89,890 87,652 Totals ​ $ 333,476 $ 285,705 ​ ​ ​ ​ ​ ​ ​ Settlement processing obligations: ​ ​ Settlement liabilities due to merchants ​ $ (350,164) $ (336,440) Merchant reserves ​ (99,840) (109,904) Totals ​ $ (450,004) $ (446,344)

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2021
Earnings Per Share
Schedule of computation of basic and diluted net loss per share	The following table sets forth the computation of the Company's basic and diluted earnings per share of Class A common stock, as well as the anti-dilutive shares excluded (in thousands, except share and per share data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Numerator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Net income (loss) attributable to EVO Payments, Inc. ​ $ 2,470 ​ $ 4,791 ​ $ 5,839 ​ $ (2,740) Less: Accrual of redeemable preferred stock paid-in-kind dividends ​ ​ 2,511 ​ ​ 7,338 ​ ​ 2,360 ​ ​ 4,131 Less: Allocation of undistributed earnings to preferred shares ​ ​ — ​ ​ — ​ ​ 663 ​ ​ — Undistributed (loss) income attributable to shares of Class A common stock ​ $ (41) ​ $ (2,547) ​ $ 2,816 ​ $ (6,871) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Denominator: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average Class A common stock outstanding ​ 47,380,034 ​ 46,979,057 ​ 41,675,929 ​ 41,445,566 Effect of dilutive securities ​ — ​ — ​ 960,687 ​ — Total dilutive securities ​ ​ 47,380,034 ​ ​ 46,979,057 ​ ​ 42,636,616 ​ ​ 41,445,566 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Earnings per share: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Basic ​ $ (0.00) ​ $ (0.05) ​ $ 0.07 ​ $ (0.17) Diluted ​ $ (0.00) ​ $ (0.05) ​ $ 0.07 ​ $ (0.17) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Weighted-average anti-dilutive securities: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Redeemable preferred stock ​ ​ 152,250 ​ ​ 152,250 ​ ​ 152,250 ​ ​ 90,572 Stock options ​ ​ 5,919,024 ​ ​ 5,830,193 ​ ​ — ​ ​ 5,013,228 RSUs ​ ​ 1,367,414 ​ ​ 1,368,750 ​ ​ — ​ ​ 1,169,696 RSAs ​ ​ 219 ​ ​ 486 ​ ​ — ​ ​ 4,323 Class C common stock ​ ​ — ​ ​ 880,876 ​ ​ 2,103,664 ​ ​ 2,246,332 Class D common stock ​ ​ 3,798,987 ​ ​ 3,040,722 ​ ​ 4,490,812 ​ ​ 4,392,211

Acquisition (Tables)

Acquisition (Tables)	9 Months Ended
	Sep. 30, 2021
Pago Facil
Acquisition
Schedule of assets acquired and liabilities assumed	​ ​ ​ ​ ​ ​ ​ ​ ​ As of the ​ Estimated ​ ​ acquisition date ​ Useful Life Definite-lived intangible assets ​ (In thousands ) ​ ​ Acquired software ​ $ 9,400 ​ 5 years Customer relationships ​ ​ 3,000 ​ 7 years Trademarks ​ ​ 440 ​ 2 years Non-compete agreement ​ ​ 150 ​ 3 years Deferred tax liabilities ​ ​ (3,507) ​ ​ Other assets, net ​ ​ 855 ​ ​ Goodwill ​ ​ 10,562 ​ ​ Total purchase price ​ $ 20,900 ​ ​

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2021
Leases
Schedule of maturities of lease liabilities	As of September 30, 2021, maturities of lease liabilities are as follows: ​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ ​ 2021 (remainder of the year) $ 1,863 2022 ​ 8,473 2023 ​ 6,067 2024 ​ 5,178 2025 ​ 4,349 2026 and thereafter ​ 12,039 Total future minimum lease payments (undiscounted) ​ 37,969 Less: present value discount ​ (7,178) Present value of lease liability $ 30,791

Equipment and Improvements (Tab

Equipment and Improvements (Tables)	9 Months Ended
	Sep. 30, 2021
Equipment and Improvements
Schedule of equipment and improvements	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Estimated ​ ​ ​ ​ ​ ​ ​ ​ Useful ​ ​ ​ ​ ​ ​ ​ ​ Lives in ​ September 30, ​ December 31, ​ ​ Years ​ 2021 ​ 2020 ​ ​ ​ ​ (In thousands) Card processing equipment 3-5 ​ $ 153,147 $ 143,514 Office equipment ​ 3-5 ​ ​ 45,144 ​ ​ 44,049 Computer software 3 ​ 60,530 54,192 Leasehold improvements various ​ 19,169 19,090 Furniture and fixtures 5-7 ​ 4,528 4,547 Totals ​ ​ ​ 282,518 265,392 Less accumulated depreciation ​ ​ ​ (211,862) (185,010) Foreign currency translation adjustment ​ ​ ​ 249 3,224 Totals ​ ​ ​ $ 70,905 $ 83,606

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2021
Goodwill and Intangible Assets
Schedule of intangible assets, net	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 297,056 ​ $ (193,141) ​ $ (5,685) ​ $ (30,528) ​ $ 67,702 Marketing alliance agreements ​ ​ 183,726 ​ ​ (76,848) ​ ​ (7,557) ​ ​ (20,531) ​ ​ 78,790 Internally developed and acquired software ​ ​ 108,403 ​ ​ (49,564) ​ ​ (10,191) ​ ​ (2,604) ​ ​ 46,044 Trademarks, definite-lived ​ ​ 22,068 ​ ​ (12,519) ​ ​ (901) ​ ​ (3,528) ​ ​ 5,120 Non-compete agreements ​ ​ 6,612 ​ ​ (6,476) ​ ​ - ​ ​ (15) ​ ​ 121 Total ​ $ 617,865 ​ $ (338,548) ​ $ (24,334) ​ $ (57,206) ​ $ 197,777 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ Gross carrying value ​ Accumulated amortization ​ Accumulated impairment charges ​ Translation and other adjustments ​ Net ​ ​ (In thousands) Merchant contract portfolios and customer relationships ​ $ 293,581 ​ $ (181,062) ​ $ (5,685) ​ $ (28,205) ​ $ 78,629 Marketing alliance agreements ​ ​ 186,081 ​ ​ (69,446) ​ ​ (7,557) ​ ​ (18,104) ​ ​ 90,974 Internally developed and acquired software ​ ​ 90,881 ​ ​ (38,828) ​ ​ (10,191) ​ ​ (871) ​ ​ 40,991 Trademarks, definite-lived ​ ​ 21,629 ​ ​ (11,060) ​ ​ (901) ​ ​ (3,224) ​ ​ 6,444 Non-compete agreements ​ ​ 6,462 ​ ​ (6,425) ​ ​ - ​ ​ 2 ​ ​ 39 Total ​ $ 598,634 ​ $ (306,821) ​ $ (24,334) ​ $ (50,402) ​ $ 217,077
Schedule of estimated amortization expense	​ ​ ​ ​ ​ ​ ​ ​ (In thousands) Years ending: ​ 2021 (remainder of the year) ​ $ 9,440 2022 ​ 39,214 2023 ​ 34,278 2024 ​ 22,666 2025 ​ ​ 17,689 2026 and thereafter ​ 74,490 Total ​ $ 197,777
Schedule of intangible assets, net by segment	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Intangible assets, net: ​ ​ Americas ​ ​ Merchant contract portfolios and customer relationships ​ $ 52,379 $ 59,149 Marketing alliance agreements ​ 58,355 63,946 Internally developed and acquired software ​ ​ 30,263 ​ ​ 24,615 Trademarks, definite-lived ​ 1,582 1,582 Non-compete agreements ​ ​ 121 ​ ​ 22 Total ​ 142,700 149,314 ​ ​ Europe ​ Merchant contract portfolios and customer relationships ​ 15,323 19,480 Marketing alliance agreements ​ 20,435 27,028 Internally developed and acquired software ​ ​ 15,781 ​ ​ 16,376 Trademarks, definite-lived ​ 3,538 4,862 Non-compete agreements ​ ​ — 17 Total ​ 55,077 67,763 ​ ​ ​ ​ ​ ​ ​ Total intangible assets, net ​ $ 197,777 $ 217,077
Schedule of goodwill activity	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Reportable Segment ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ Europe ​ Total ​ ​ (In thousands) Goodwill, gross, as of December 31, 2020 ​ $ 266,848 $ 140,551 $ 407,399 Accumulated impairment losses ​ — (24,291) (24,291) Goodwill, net, as of December 31, 2020 ​ 266,848 116,260 383,108 Business combinations ​ 10,562 3,921 14,483 Foreign currency translation adjustment ​ (2,164) (7,423) (9,587) Goodwill, net, as of September 30, 2021 ​ $ 275,246 $ 112,758 $ 388,004

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	9 Months Ended
	Sep. 30, 2021
Accounts Payable and Accrued Expenses
Schedule of accounts payable and accrued expenses	​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Compensation and related benefits ​ $ 19,067 $ 21,398 Third-party processing and payment network fees ​ 45,207 40,224 Trade payables ​ 7,776 8,306 Taxes payable ​ 12,974 14,504 Commissions payable to third parties and agents ​ 17,065 15,759 Unearned revenue ​ 4,758 4,627 Other ​ ​ 15,439 17,791 Total accounts payable and accrued expenses ​ $ 122,286 ​ $ 122,609

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2021
Related Party Transactions
Schedule of related party balances	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ 2021 2020 ​ ​ (In thousands) Due from related parties, current ​ $ 587 $ 625 Due to related parties, current ​ ​ (3,194) ​ (5,124) Due to related parties, long-term ​ ​ (185) ​ (185)

Long-Term Debt and Lines of C_2

Long-Term Debt and Lines of Credit (Tables)	9 Months Ended
	Sep. 30, 2021
Long-Term Debt and Lines of Credit
Summary of long-term debt	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, December 31, ​ ​ 2021 ​ 2020 ​ ​ (In thousands) First lien term loan ​ $ 586,225 $ 591,169 Less debt issuance costs ​ (5,440) ​ (7,379) Total long-term debt ​ 580,785 ​ 583,790 Less current portion of long-term debt, net of current portion of debt issuance costs ​ (4,628) ​ (4,628) Total long-term debt, net of current portion ​ $ 576,157 $ 579,162
Schedule of principal payment requirements	​ ​ ​ ​ ​ Years ending: ​ (In thousands) 2021 (remainder of the year) ​ $ 1,649 2022 ​ ​ 6,593 2023 ​ 577,983 2024 and thereafter ​ — Total ​ $ 586,225

Derivatives (Tables)

Derivatives (Tables)	9 Months Ended
	Sep. 30, 2021
Derivatives
Summary of fair value of the interest rate swap	​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (364) Interest Rate Swap - long-term portion Other assets $ 132 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ Balance Sheet ​ Fair Value ​ Location ​ (In thousands) ​ ​ ​ ​ ​ ​ Interest Rate Swap - current portion Accrued expenses $ (341) Interest Rate Swap - long-term portion Other long-term liabilities $ (192)
Schedule of effect of hedge accounting on accumulated other comprehensive (loss) income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 ​ 2020 ​ (In thousands) Beginning accumulated derivative loss in accumulated other comprehensive (loss) income $ (113) ​ $ (533) ​ $ (863) ​ $ — Derivative (loss) gain recognized in the current period in accumulated other comprehensive (loss) income ​ (250) ​ ​ (36) ​ ​ 131 ​ ​ (747) Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense ​ (131) ​ ​ (337) ​ ​ (38) ​ ​ (53) Ending accumulated derivative loss in accumulated other comprehensive (loss) income $ (232) ​ $ (232) ​ $ (694) ​ $ (694) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 ​ 2020 ​ (In thousands) Total interest expense including the effects of cash flow hedges $ (6,123) ​ $ (18,282) ​ $ (6,717) ​ $ (23,916) Derivative loss reclassified from accumulated other comprehensive (loss) income into interest expense $ (131) ​ $ (337) ​ $ (38) ​ $ (53)
Schedule of effect of foreign currency contract on accumulated other comprehensive (loss) income	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Location of ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ ​ Realized Loss ​ 2021 ​ ​ ​ ​ (In thousands) Foreign Currency Swap ​ Other expense ​ $ (13) ​ $ (13) Window Forwards ​ Other expense ​ $ (43) ​ $ (43)

Supplemental Cash Flows Infor_2

Supplemental Cash Flows Information (Tables)	9 Months Ended
	Sep. 30, 2021
Supplemental Cash Flows Information
Schedule of supplemental cash flow disclosures and non-cash investing and financing activities	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ 2021 2020 ​ ​ (In thousands) Supplemental disclosure of cash flow data: ​ ​ ​ ​ Interest paid ​ $ 16,437 $ 25,391 Income taxes paid ​ 7,855 10,525 ​ ​ ​ ​ ​ ​ ​ Supplemental disclosure of non-cash investing and financing activities: ​ ​ Operating lease liabilities arising from obtaining new or modified right-of-use assets ​ $ 2,572 ​ $ 2,763 Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications ​ ​ (3,157) ​ ​ (6,798) Deferred consideration payable ​ ​ 3,438 ​ — Contingent consideration payable ​ ​ 471 ​ ​ — Accrual of redeemable preferred stock paid-in-kind-dividends ​ ​ 7,338 ​ ​ 4,131 Exchanges of Class C and Class D common stock for Class A common stock ​ ​ 15,038 ​ ​ 9,425

Redeemable Non-controlling In_2

Redeemable Non-controlling Interests (Tables)	9 Months Ended
	Sep. 30, 2021
Redeemable Non-controlling Interests
Schedule of components of redeemable non-controlling interest	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2021 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 Contributions ​ ​ — ​ ​ — ​ ​ 1,487 ​ ​ 1,487 Distributions ​ ​ — ​ ​ (10,700) ​ ​ — ​ ​ (10,700) Net (loss) income attributable to RNCI ​ ​ (158) ​ ​ 7,439 ​ ​ (1,140) ​ ​ 6,141 Unrealized loss on foreign currency translation adjustment ​ ​ (8,699) ​ ​ (4,213) ​ ​ (490) ​ ​ (13,402) Unrealized gain on change in fair value of interest rate swap ​ ​ 117 ​ ​ — ​ ​ — ​ ​ 117 (Decrease) Increase in the maximum redemption amount of RNCI ​ ​ (96,160) ​ ​ 5,782 ​ ​ — ​ ​ (90,378) Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (2,206) ​ ​ — ​ ​ — ​ ​ (2,206) Ending balance, September 30, 2021 ​ $ 761,632 ​ $ 184,744 ​ $ 316 ​ $ 946,692 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Blueapple ​ eService ​ Chile ​ Total ​ ​ (In thousands) Beginning balance, January 1, 2020 ​ $ 902,258 ​ $ 150,190 ​ $ — ​ $ 1,052,448 Contributions ​ ​ — ​ ​ — ​ ​ 505 ​ ​ 505 Distributions ​ ​ — ​ ​ (4,537) ​ ​ — ​ ​ (4,537) Net (loss) income attributable to RNCI ​ ​ (8,068) ​ ​ 7,004 ​ ​ (85) ​ ​ (1,149) Unrealized gain on foreign currency translation adjustment ​ ​ 3,658 ​ ​ 1,546 ​ ​ 39 ​ ​ 5,243 Unrealized loss on change in fair value of interest rate swap ​ ​ (223) ​ ​ — ​ ​ — ​ ​ (223) Purchase of Blueapple Class B common stock in connection with secondary offerings ​ ​ (51,350) ​ ​ — ​ ​ — ​ ​ (51,350) Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock ​ ​ 1,650 ​ ​ — ​ ​ — ​ ​ 1,650 Increase in the maximum redemption amount of RNCI ​ ​ 33,382 ​ ​ 32,233 ​ ​ — ​ ​ 65,615 Allocation of eService fair value RNCI adjustment to Blueapple ​ ​ (12,569) ​ ​ — ​ ​ — ​ ​ (12,569) Ending balance, December 31, 2020 ​ $ 868,738 ​ $ 186,436 ​ $ 459 ​ $ 1,055,633 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Fair Value (Tables)

Fair Value (Tables)	9 Months Ended
	Sep. 30, 2021
Fair Value
Schedule of information about items which are carried at fair value on a recurring basis	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, 2021 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 87,057 $ — $ — $ 87,057 Contingent consideration ​ — — (735) (735) Blueapple RNCI ​ ​ (761,632) ​ ​ — ​ ​ — ​ ​ (761,632) eService RNCI ​ — — (184,744) (184,744) Chile RNCI ​ ​ — — (316) (316) Interest rate swap ​ ​ — ​ ​ (232) ​ ​ — ​ ​ (232) Investment in equity securities ​ ​ — ​ ​ 26,129 ​ ​ — ​ ​ 26,129 Total ​ $ (674,575) $ 25,897 $ (185,795) $ (834,473) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ December 31, 2020 ​ ​ (In thousands) ​ Level 1 Level 2 Level 3 Total ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Cash equivalents ​ $ 39,578 $ — $ — $ 39,578 Contingent consideration ​ — — (1,000) (1,000) Blueapple RNCI ​ ​ (868,738) ​ ​ — ​ ​ — ​ ​ (868,738) eService RNCI ​ — — (186,436) (186,436) Chile RNCI ​ ​ — ​ ​ — ​ ​ (459) ​ ​ (459) Interest rate swap ​ — ​ (533) ​ — ​ (533) Investment in equity securities ​ — ​ 25,526 ​ — ​ 25,526 Total ​ $ (829,160) $ 24,993 $ (187,895) $ (992,062)

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 30, 2021
Segment Information
Summary of segment information	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Three Months Ended September 30, ​ Nine Months Ended September 30, ​ 2021 2020 2021 2020 ​ (In thousands) Segment revenue: ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Americas ​ $ 79,424 $ 68,788 ​ $ 226,830 $ 201,612 Europe ​ 55,617 48,188 ​ 136,626 120,816 Revenue ​ $ 135,041 $ 116,976 ​ $ 363,456 $ 322,428 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Segment profit: ​ ​ Americas ​ $ 37,327 $ 28,869 ​ $ 105,084 $ 71,649 Europe ​ 22,086 34,446 ​ 48,267 50,063 Total segment profit ​ 59,413 63,315 ​ 153,351 121,712 Corporate ​ (10,481) (10,937) ​ (26,618) (28,119) Depreciation and amortization ​ (21,941) (22,167) ​ (63,562) (64,116) Net interest expense ​ (5,669) (6,491) ​ (17,258) (23,059) Provision for income tax expense ​ (8,284) (6,775) ​ (19,859) (4,699) Share-based compensation expense ​ ​ (9,172) ​ ​ (5,916) ​ ​ (21,459) ​ (15,391) Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC ​ ​ 1,396 ​ ​ 5,190 ​ ​ (196) ​ ​ (10,932) Net income (loss) attributable to EVO Payments, Inc. ​ $ 2,470 $ 5,839 ​ $ 4,791 $ (2,740) ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Capital expenditures: ​ ​ ​ ​ ​ ​ Americas ​ $ 2,556 $ 1,852 ​ $ 9,244 $ 7,458 Europe ​ 3,414 2,193 ​ 16,685 5,261 Consolidated total capital expenditures ​ $ 5,970 $ 4,045 ​ $ 25,929 $ 12,719
Schedule of long lived assets by geographic location	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ September 30, ​ December 31, ​ ​ 2021 2020 ​ ​ (In thousands) Long-lived assets: ​ ​ ​ ​ ​ ​ Poland ​ $ 33,656 ​ $ 40,945 United States ​ ​ 23,009 ​ ​ 30,334 Mexico ​ ​ 18,836 ​ ​ 20,862 Other ​ ​ 24,357 ​ ​ 26,589 Totals ​ $ 99,858 ​ $ 118,730

Shareholder's Equity (Tables)

Shareholder's Equity (Tables)	9 Months Ended
	Sep. 30, 2021
Shareholders' Equity
Schedule of voting and economic rights of common stockholders	​ ​ ​ ​ ​ ​ ​ ​ 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 D common stock MDP and Current and Former Employees, and Executive Officers One vote per share No Series A Preferred Stock ​ MDP ​ On an as-converted basis* ​ Yes ​ * Subject to certain voting caps as specified in the certificate of designations for the Preferred Stock

Stock Compensation Plans and _2

Stock Compensation Plans and Share-Based Compensation Awards (Tables)	9 Months Ended
	Sep. 30, 2021
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 September 30, Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ 2021 ​ 2020 ​ ​ (In thousands) Share-based compensation expense ​ $ 9,172 ​ $ 5,916 ​ $ 21,459 ​ $ 15,391 Income tax benefit ​ $ (1,350) ​ $ (676) ​ $ (3,271) ​ $ (1,752)
Summary of stock option activity	A summary of service-based stock option activity is as follows (in thousands, except per share and term data): ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Number of Options ​ Weighted-average grant date fair value ​ Weighted-average exercise price ​ Weighted-average remaining contractual term ​ Total intrinsic value ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 5,084 ​ $ 7.60 ​ $ 21.06 ​ ​ 8.36 ​ $ 30,405 Granted ​ 1,115 ​ ​ 9.76 ​ ​ 25.73 ​ ​ — ​ ​ — Exercised ​ (437) ​ ​ 6.29 ​ ​ 17.56 ​ ​ — ​ ​ 4,778 Forfeited ​ (157) ​ ​ 8.03 ​ ​ 22.39 ​ ​ — ​ ​ — Balance at September 30, 2021 ​ 5,605 ​ $ 8.12 ​ $ 22.22 ​ ​ 7.93 ​ $ 15,671 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Exercisable at September 30, 2021 ​ 2,564 ​ $ 7.34 ​ $ 19.59 ​ ​ 7.41 ​ $ 12,645
Summary of assumptions used in estimating the grant date fair values	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2021 ​ 2020 ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.16% ​ ​ 0.86% Expected volatility ​ ​ 34.61% ​ ​ 30.24% Dividend yield ​ ​ 0.00% ​ ​ 0.00% Weighted-average fair value at grant date ​ $ 9.76 ​ $ 6.84
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	A summary of RSAs activity is as follows (in thousands, except per share data): ​ ​ ​ ​ ​ ​ ​ ​ Number of RSAs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 4 ​ $ 16.00 Granted ​ — ​ ​ — Vested ​ (4) ​ ​ 16.00 Forfeited ​ — ​ ​ — Balance at September 30, 2021 ​ — ​ $ 16.00
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Summary of stock activity	​ ​ ​ ​ ​ ​ ​ ​ Number of RSUs ​ Weighted-average grant date fair value ​ ​ ​ ​ ​ ​ Balance at December 31, 2020 ​ 1,149 ​ $ 22.92 Granted ​ 686 ​ ​ 25.83 Vested ​ (416) ​ ​ 23.15 Forfeited ​ (58) ​ ​ 21.45 Balance at September 30, 2021 ​ 1,361 ​ $ 24.38
Market and Service-Based Stock Options
Stock Compensation Plans and Share-Based Compensation Awards
Summary of assumptions used in estimating the grant date fair values	​ ​ ​ ​ ​ ​ ​ ​ ​ ​ Nine Months Ended September 30, ​ ​ 2021 ​ ​ ​ ​ ​ ​ ​ Expected life (in years) ​ ​ 7.00 Weighted-average risk-free interest rate ​ ​ 1.15% Expected volatility ​ ​ 34.65% Dividend yield ​ ​ 0.00% Exercise price ​ $ 25.46 ​ ​ ​ ​ ​ ​ ​

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Other (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2021USD ($)segmentitem	Dec. 31, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Minimum number of merchants | item	550,000
Number of reportable segments | segment	2
Cash and Cash Equivalents, Restricted Cash, Settlement Related Cash and Merchant Reserves
Settlement related cash balances	$ 134,600	$ 163,500
Merchant reserve cash balances	99,800	109,900
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	415,894	418,439
Restricted cash included in other assets	348	100
Total cash, cash equivalents, and restricted cash shown in the unaudited condensed consolidated statements of cash flows	$ 416,242	$ 418,539	$ 373,879	$ 304,089
EVO LLC
Ownership interest (as a percent)	56.90%
Minimum
Number of markets | item	50

Revenue - Other (Details)

Revenue - Other (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Revenue	$ 135,041	$ 116,976	$ 363,456	$ 322,428
Sale and Rental of POS Equipment
Revenue
Revenue	$ 9,700	$ 10,100	$ 29,300	$ 29,400

Revenue - Summary (Details)

Revenue - Summary (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Revenue
Revenue	$ 135,041	$ 116,976	$ 363,456	$ 322,428
Direct
Revenue
Revenue	76,521	65,082	201,970	175,839
Tech-enabled
Revenue
Revenue	47,524	41,541	129,219	114,447
Traditional
Revenue
Revenue	10,996	10,353	32,267	32,142
Americas
Revenue
Revenue	79,424	68,788	226,830	201,612
Americas | Direct
Revenue
Revenue	33,688	27,369	95,041	81,361
Americas | Tech-enabled
Revenue
Revenue	34,740	31,066	99,522	88,109
Americas | Traditional
Revenue
Revenue	10,996	10,353	32,267	32,142
Europe
Revenue
Revenue	55,617	48,188	136,626	120,816
Europe | Direct
Revenue
Revenue	42,833	37,713	106,929	94,478
Europe | Tech-enabled
Revenue
Revenue	$ 12,784	$ 10,475	$ 29,697	$ 26,338

Settlement Processing Assets _3

Settlement Processing Assets and Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Settlement processing assets:
Receivable from card networks	$ 243,586	$ 198,053
Receivable from merchants	89,890	87,652
Totals	333,476	285,705
Settlement processing obligations:
Settlement liabilities due to merchants	(350,164)	(336,440)
Merchant reserves	(99,840)	(109,904)
Totals	$ (450,004)	$ (446,344)

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Numerator:
Net income (loss) attributable to EVO Payments, Inc.	$ 2,470	$ 5,839	$ 4,791	$ (2,740)
Less: Accrual of redeemable preferred stock paid-in-kind dividends	2,511	2,360	7,338	4,131
Less: Allocation of undistributed earnings to preferred shares		663
Undistributed (loss) income attributable to shares of Class A common stock	$ (41)	$ 2,816	$ (2,547)	$ (6,871)
Denominator:
Weighted-average Class A common stock outstanding	47,380,034	41,675,929	46,979,057	41,445,566
Effect of dilutive securities		960,687
Total dilutive securities	47,380,034	42,636,616	46,979,057	41,445,566
Earnings per share:
Basic	$ 0	$ 0.07	$ (0.05)	$ (0.17)
Diluted	$ 0	$ 0.07	$ (0.05)	$ (0.17)
Redeemable preferred stock
Earnings per share:
Weighted-average anti-dilutive securities	152,250	152,250	152,250	90,572
Stock options
Earnings per share:
Weighted-average anti-dilutive securities	5,919,024		5,830,193	5,013,228
RSUs
Earnings per share:
Weighted-average anti-dilutive securities	1,367,414		1,368,750	1,169,696
RSAs
Earnings per share:
Weighted-average anti-dilutive securities	219		486	4,323
Class C Common Stock
Earnings per share:
Weighted-average anti-dilutive securities		2,103,664	880,876	2,246,332
Class D Common Stock
Earnings per share:
Weighted-average anti-dilutive securities	3,798,987	4,490,812	3,040,722	4,392,211

Tax Receivable Agreement (Detai

Tax Receivable Agreement (Details) - USD ($) $ in Millions	May 25, 2021	Sep. 30, 2021	Dec. 31, 2020
Tax Receivable Agreements And Obligations [Line Items]
Payment on applicable cash tax savings (as a percent)		85.00%
Payments to TRA obligation		$ 0
Deferred tax asset pursuant to TRA		206.8	$ 204.6
Deferred tax asset pursuant to TRA, net of amortization		182.2	188.4
Deferred tax liability pursuant to TRA		$ 175.7	$ 173.9
Class D Common Stock
Tax Receivable Agreements And Obligations [Line Items]
Exchange basis for newly issued shares	1

Acquisition (Details)

Acquisition (Details) - USD ($) $ in Thousands	1 Months Ended
	Jun. 30, 2021	Sep. 30, 2021	Jul. 31, 2021	Dec. 31, 2020
Allocation of purchase price
Goodwill		$ 388,004		$ 383,108
Anderson Zaks Ltd
Allocation of purchase price
Percentage of interest acquired			100.00%
Pago Facil
Allocation of purchase price
Deferred tax liabilities	$ (3,507)
Other assets, net	855
Goodwill	10,562
Total purchase price	$ 20,900
Percentage of interest acquired	100.00%
Total consideration transferred	$ 20,900
Upfront payment	18,000
Deferred considerations	900
Payable	$ 2,000
Repayment period 9 months	9 months
Repayment period 18 months	18 months
Pago Facil | Acquired software
Allocation of purchase price
Finite-lived intangible assets	$ 9,400
Useful life of intangible assets	5 years
Pago Facil | Customer relationships
Allocation of purchase price
Finite-lived intangible assets	$ 3,000
Useful life of intangible assets	7 years
Pago Facil | Trademarks, definite-lived
Allocation of purchase price
Finite-lived intangible assets	$ 440
Useful life of intangible assets	2 years
Pago Facil | Non-compete agreements
Allocation of purchase price
Finite-lived intangible assets	$ 150
Useful life of intangible assets	3 years

Leases - Other (Details)

Leases - Other (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Operating Leases:
Finance Lease, Right-of-Use Asset, after Accumulated Amortization	$ 0		$ 0		$ 0
Weighted-average remaining lease term	6 years 3 months 7 days		6 years 3 months 7 days		6 years 9 months 14 days
Weighted-average discount rate used in the measurement of our lease liabilities	6.28%		6.28%		6.45%
Operating lease costs	$ 2,600	$ 2,700	$ 8,100	$ 8,500
Variable lease costs	$ 500	$ 500	1,500	1,600
Cash paid for amounts included in the measurement of operating lease liabilities			$ 7,000	$ 8,100

Leases - Maturities of lease li

Leases - Maturities of lease liabilities (Details) $ in Thousands	Sep. 30, 2021USD ($)
Maturities of lease liabilities
2021 (remainder of the year)	$ 1,863
2022	8,473
2023	6,067
2024	5,178
2025	4,349
2026 and thereafter	12,039
Total future minimum lease payments (undiscounted)	37,969
Less: present value discount	(7,178)
Present value of lease liability	$ 30,791

Equipment and Improvements (Det

Equipment and Improvements (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 282,518		$ 282,518		$ 265,392
Less accumulated depreciation	(211,862)		(211,862)		(185,010)
Foreign currency translation adjustment	249		249		3,224
Totals	70,905		70,905		83,606
Depreciation
Depreciation expense	9,600	$ 9,900	29,500	$ 29,800
Decrease in equipment and improvements			5,300	9,300
Decrease in accumulated depreciation			4,500	$ 8,000
Card processing equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	153,147		153,147		143,514
Office equipment
Equipment and Improvements
Equipment and improvements, Gross Totals	45,144		45,144		44,049
Computer software
Equipment and Improvements
Equipment and improvements, Gross Totals	60,530		$ 60,530		54,192
Estimated useful lives			3 years
Leasehold improvements
Equipment and Improvements
Equipment and improvements, Gross Totals	19,169		$ 19,169		19,090
Furniture and fixtures
Equipment and Improvements
Equipment and improvements, Gross Totals	$ 4,528		$ 4,528		$ 4,547
Minimum | Card processing equipment
Equipment and Improvements
Estimated useful lives			3 years
Minimum | Office equipment
Equipment and Improvements
Estimated useful lives			3 years
Minimum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Card processing equipment
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Office equipment
Equipment and Improvements
Estimated useful lives			5 years
Maximum | Furniture and fixtures
Equipment and Improvements
Estimated useful lives			7 years

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Intangible assets, net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Intangible assets with finite lives:
Gross carrying value	$ 617,865		$ 617,865		$ 598,634
Accumulated amortization	(338,548)		(338,548)		(306,821)
Accumulated impairment charges	(24,334)		(24,334)		(24,334)
Translation and other adjustments	(57,206)		(57,206)		(50,402)
Net	197,777		197,777		217,077
Other disclosures
Reduction in gross carrying value			(2,400)
Amortization expense related to intangible assets	12,400	$ 12,300	34,100	$ 34,300
Impairment of intangible assets	0	$ 0	0	$ 782
Finite-Lived Intangible Assets, Period Increase (Decrease)			2,400
Merchant contract portfolios and customer relationships
Intangible assets with finite lives:
Gross carrying value	297,056		297,056		293,581
Accumulated amortization	(193,141)		(193,141)		(181,062)
Accumulated impairment charges	(5,685)		(5,685)		(5,685)
Translation and other adjustments	(30,528)		(30,528)		(28,205)
Net	67,702		67,702		78,629
Marketing alliance agreements
Intangible assets with finite lives:
Gross carrying value	183,726		183,726		186,081
Accumulated amortization	(76,848)		(76,848)		(69,446)
Accumulated impairment charges	(7,557)		(7,557)		(7,557)
Translation and other adjustments	(20,531)		(20,531)		(18,104)
Net	78,790		78,790		90,974
Internally developed and acquired software
Intangible assets with finite lives:
Gross carrying value	108,403		108,403		90,881
Accumulated amortization	(49,564)		(49,564)		(38,828)
Accumulated impairment charges	(10,191)		(10,191)		(10,191)
Translation and other adjustments	(2,604)		(2,604)		(871)
Net	46,044		46,044		40,991
Trademarks, definite-lived
Intangible assets with finite lives:
Gross carrying value	22,068		22,068		21,629
Accumulated amortization	(12,519)		(12,519)		(11,060)
Accumulated impairment charges	(901)		(901)		(901)
Translation and other adjustments	(3,528)		(3,528)		(3,224)
Net	5,120		5,120		6,444
Non-compete agreements
Intangible assets with finite lives:
Gross carrying value	6,612		6,612
Accumulated amortization	(6,476)		(6,476)		(6,425)
Translation and other adjustments	(15)		(15)		2
Net	$ 121		$ 121
Gross carrying value					6,462
Net					$ 39

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Estimated amortization expense (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Estimated amortization expense
2021 (remainder of the year)	$ 9,440
2022	39,214
2023	34,278
2024	22,666
2025	17,689
2026 and thereafter	74,490
Total	$ 197,777	$ 217,077

Goodwill and Intangible Asset_4

Goodwill and Intangible Assets - Intangible assets, net by segment (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Intangible assets, net
Total intangible assets, net	$ 197,777	$ 217,077
Americas
Intangible assets, net
Total intangible assets, net	142,700	149,314
Americas | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	52,379	59,149
Americas | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	58,355	63,946
Americas | Internally developed and acquired software
Intangible assets, net
Total intangible assets, net	30,263	24,615
Americas | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	1,582	1,582
Americas | Non-compete agreements
Intangible assets, net
Total intangible assets, net	121	22
Europe
Intangible assets, net
Total intangible assets, net	55,077	67,763
Europe | Merchant contract portfolios and customer relationships
Intangible assets, net
Total intangible assets, net	15,323	19,480
Europe | Marketing alliance agreements
Intangible assets, net
Total intangible assets, net	20,435	27,028
Europe | Internally developed and acquired software
Intangible assets, net
Total intangible assets, net	15,781	16,376
Europe | Trademarks, definite-lived
Intangible assets, net
Total intangible assets, net	$ 3,538	4,862
Europe | Non-compete agreements
Intangible assets, net
Total intangible assets, net		$ 17

Goodwill and Intangible Asset_5

Goodwill and Intangible Assets - Goodwill activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Dec. 31, 2020
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		$ 407,399
Accumulated impairment losses		(24,291)
Goodwill, net, at the beginning of the year	$ 383,108
Business combinations	14,483
Foreign currency translation adjustment	(9,587)
Goodwill, net, at the end of the year	388,004
Americas
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		266,848
Goodwill, net, at the beginning of the year	266,848
Business combinations	10,562
Foreign currency translation adjustment	(2,164)
Goodwill, net, at the end of the year	275,246
Europe
Goodwill, Roll forward
Goodwill, gross, at the beginning of the year		140,551
Accumulated impairment losses		$ (24,291)
Goodwill, net, at the beginning of the year	116,260
Business combinations	3,921
Foreign currency translation adjustment	(7,423)
Goodwill, net, at the end of the year	$ 112,758

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Accounts Payable and Accrued Expenses
Compensation and related benefits	$ 19,067	$ 21,398
Third-party processing and payment network fees	45,207	40,224
Trade payables	7,776	8,306
Taxes payable	12,974	14,504
Commissions payable to third parties and agents	17,065	15,759
Unearned revenue	4,758	4,627
Other	15,439	17,791
Total accounts payable and accrued expenses	$ 122,286	$ 122,609

Related Party Transactions - Re

Related Party Transactions - Related party balances (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Related party balances:
Due from related parties, current	$ 587	$ 625
Due to related parties, current	(3,194)	(5,124)
Due to related parties, long-term	$ (185)	$ (185)

Related Party Transactions - Tr

Related Party Transactions - Transactions (Details) $ / shares in Units, $ in Thousands	Aug. 04, 2020USD ($)item	Apr. 21, 2020USD ($)$ / sharesshares	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)subsidiaryitem	Sep. 30, 2020USD ($)	Dec. 31, 2020USD ($)
Related Party Transactions
Lease liabilities			$ 30,791		$ 30,791
Redeemable preferred stock
Related Party Transactions
Number of shares issued | shares		152,250
515 Broadhollow, LLC
Related Party Transactions
Lease liabilities			2,200		2,200		$ 3,100
515 Broadhollow, LLC | Maximum
Related Party Transactions
Sublease Income				$ 100	100	$ 100
Commission Expense
Related Party Transactions
Expenses with related parties			3,300	3,100	9,700	12,000
Sale of Equipment and Services | Maximum
Related Party Transactions
Revenue from related parties			100	100	100	100
Omega Processing Solutions, L.L.C.
Related Party Transactions
Number of unconsolidated investee | item	1
Percentage equity interest sold	0.25%
Cash proceeds from sale of equity interest	$ 1,600
Net gain on sale of equity interest	$ 300
Minority held affiliates
Related Party Transactions
Liabilities to related companies			2,200		2,200		3,800
Lease liabilities			400		400		300
Unconsolidated investees
Related Party Transactions
Liabilities to related companies			1,000		1,000		$ 1,300
MDP | Redeemable preferred stock
Related Party Transactions
Number of shares issued | shares		152,250
Price per share | $ / shares		$ 985.221685
Reimbursement of expenses		$ 800
Blueapple | Treasury, Payroll, Tax Preparation and Other Services
Related Party Transactions
Expenses with related parties					200	100
Blueapple | Treasury, Payroll, Tax Preparation and Other Services | Maximum
Related Party Transactions
Expenses with related parties			100	100
Relative of Chairman
Related Party Transactions
Expenses with related parties					$ 100	400
Number of owned subsidiaries | subsidiary					2
Number of unconsolidated investee | item					1
Relative of Chairman | Maximum
Related Party Transactions
Expenses with related parties			100	200
NFP
Related Party Transactions
Expenses with related parties			$ 100	$ 100	$ 600	$ 300
NFP | MDP
Related Party Transactions
Number of executive officers | subsidiary					1

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Income Taxes
Effective income tax rate (as a percent)	53.76%	31.72%	64.19%	(141.12%)
Income tax (benefit) expense related to a valuation allowance recorded to reduce the deferred tax assets not expected to be realized in Spain	$ 0.8		$ 4.2
Tax benefit related to changes enacted as a result of the CARES Act		$ 0.4		$ (2.2)
Deferred tax asset valuation allowance	$ 11.5	$ 11.5	$ 11.5	$ 11.5

Long-Term Debt and Lines of C_3

Long-Term Debt and Lines of Credit - Summary (Details) - USD ($) $ in Thousands	Nov. 01, 2021	Sep. 30, 2021	Dec. 31, 2020
Long-term debt
Long term debt gross		$ 586,225
Less debt issuance costs		(5,440)	$ (7,379)
Total long-term debt		580,785	583,790
Less current portion of long-term debt, net of current portion of debt issuance costs		(4,628)	(4,628)
Total long-term debt, long-term portion		576,157	579,162
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		$ 586,225	$ 591,169
Subsequent Event | New Senior Secured Credit Facilities | Term loan
Long-term debt
Face amount of debt	$ 588,000
Subsequent Event | New Senior Secured Credit Facilities | Credit Facility
Long-term debt
Commitments	$ 200,000

Long-Term Debt and Lines of C_4

Long-Term Debt and Lines of Credit - Principal payment requirements (Details) $ in Thousands	Sep. 30, 2021USD ($)
Principal payment requirements:
2021 (remainder of the year)	$ 1,649
2022	6,593
2023	577,983
Total	$ 586,225

Long-Term Debt and Lines of C_5

Long-Term Debt and Lines of Credit - Settlement Lines of Credit (Details) - Settlement facilities - USD ($) $ in Millions	Sep. 30, 2021	Dec. 31, 2020
Settlement obligations
Amount outstanding	$ 12.2	$ 13.9
Additional capacity	$ 139.2	$ 137.1
Weighted-average interest rate	3.00%	2.60%

Derivatives - Narrative (Detail

Derivatives - Narrative (Details) - Interest Rate Swap - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Derivatives
Notional amount		$ 500,000
Interest rate		0.2025%
Reclassification of interest expense over the next 12 months	$ 400
Other assets | Designated as Hedging Instrument
Derivatives
Fair value of interest rate swap assets	132
Accrued expenses | Designated as Hedging Instrument
Derivatives
Fair value of interest rate swap liability	$ (364)	$ (341)
Other long-term liabilities | Designated as Hedging Instrument
Derivatives
Fair value of interest rate swap liability		$ (192)

Derivatives - AOCI (Details)

Derivatives - AOCI (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance			$ (859,218)
Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense	$ (131)	$ (38)	(337)	$ (53)
Ending balance	(751,844)		(751,844)
Accumulated Gain (Loss), Cash Flow Hedge
Effect of hedge accounting on accumulated other comprehensive loss
Beginning balance	(113)	(863)	(533)
Derivative (loss) gain recognized in the current period in accumulated other comprehensive (loss) income	(250)	131	(36)	(747)
Less: Derivative loss reclassified from accumulated other comprehensive (loss) income to interest expense	(131)	(38)	(337)	(53)
Ending balance	$ (232)	$ (694)	$ (232)	$ (694)

Derivatives - Income Statement

Derivatives - Income Statement (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Effect of hedge accounting on the unaudited condensed consolidated statements of operations and comprehensive income (loss)
Interest expense	$ (6,123)	$ (6,717)	$ (18,282)	$ (23,916)
Derivative loss reclassified from accumulated other comprehensive (loss) income into interest expense	(131)	(38)	(337)	(53)
Interest Rate Swap
Effect of hedge accounting on the unaudited condensed consolidated statements of operations and comprehensive income (loss)
Interest expense	$ (6,123)	$ (6,717)	$ (18,282)	$ (23,916)

Derivatives - Foreign Currency

Derivatives - Foreign Currency Swap and Window Forwards (Details) - Non-designated Derivatives - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2021	Jun. 30, 2021
Foreign Currency Swap
Derivatives
Notional amount			$ 31,000
Foreign Currency Swap | Other expense
Derivatives
Realized losses	$ (13)	$ (13)
Window Forwards
Derivatives
Notional amount			$ 67,800
Window Forwards | Other expense
Derivatives
Realized losses	$ (43)	$ (43)

Supplemental Cash Flows Infor_3

Supplemental Cash Flows Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Supplemental disclosure of cash flow data:
Interest paid	$ 16,437	$ 25,391
Income taxes paid	7,855	10,525
Supplemental disclosure of non-cash investing and financing activities:
Operating lease liabilities arising from obtaining new or modified right-of-use assets	2,572	2,763
Decrease in operating lease liabilities and corresponding right-of-use assets resulting from lease modifications	(3,157)	(6,798)
Deferred consideration payable	3,438
Contingent consideration payable	471
Accrual of redeemable preferred stock paid-in-kind-dividends	7,338	4,131
Exchanges of Class C and Class D common stock for Class A common stock	$ 15,038	$ 9,425

Redeemable Preferred Stock (Det

Redeemable Preferred Stock (Details) $ / shares in Units, $ in Thousands	Apr. 21, 2020USD ($)D$ / sharesshares	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)
Redeemable Preferred Stock
Redeemable preferred stock issuance costs					$ 1,660
Redeemable preferred stock
Redeemable Preferred Stock
Number of shares issued | shares	152,250
Proceeds from issuance of preferred stock	$ 149,300
Redeemable preferred stock issuance costs	$ 1,700
Liquidation preference per share (in dollars per share) | $ / shares	$ 1,000
Amortization period of discount	10 years
Carrying value of the preferred stock increased for accretion of the PIK dividend		$ 2,500	$ 2,300	$ 7,300	$ 4,100
PIK dividend rate	6.22%
Threshold percentage of Class A Common Stock ownership of the aggregate voting power as required by Nasdaq, in the event of conversion, used to determine the elimination of the limitation on the conversion of the Preferred Stock				19.99%
Period of antidilutive offerings to be adjusted in calculation of conversion rate	9 months
Threshold trading days | D	20
Threshold consecutive trading days | D	30
Percentage of then current liquidation preference per share plus accumulated and unpaid dividends as cash consideration	150.00%
Convertible preferred stock redemption period	10 years
Estimated amount for repurchase of redeemable preferred stock				$ 248,700
Redeemable preferred stock | Convertible Preferred Stock, Dividend Rate For First Ten Years
Redeemable Preferred Stock
PIK dividend rate	6.00%
Redeemable preferred stock | Convertible Preferred Stock, Dividend Rate Thereafter
Redeemable Preferred Stock
PIK dividend rate	8.00%
Redeemable preferred stock | Prior to the fourth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	180.00%
Redeemable preferred stock | After fourth and prior to the fourth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	170.00%
Redeemable preferred stock | On or after the sixth and prior to the eighth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	160.00%
Redeemable preferred stock | On or after the eighth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Threshold stock price trigger percentage	150.00%
Redeemable preferred stock | Change of Control is on or after the sixth semi-annual PIK dividend payment date
Redeemable Preferred Stock
Percentage of then current liquidation preference per share plus accumulated and unpaid dividends as cash consideration	100.00%
Class A Common Stock
Redeemable Preferred Stock
Conversion rate | shares	63.2911
Conversion price | $ / shares	$ 15.80

Redeemable Non-controlling In_3

Redeemable Non-controlling Interests (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended	12 Months Ended
	Sep. 30, 2021	Jun. 30, 2021	Mar. 31, 2021	Sep. 30, 2020	Jun. 30, 2020	Mar. 31, 2020	Sep. 30, 2021	Dec. 31, 2020	Oct. 31, 2020
Redeemable Non-controlling Interests
Beginning balance	$ 1,079,798	$ 1,044,814	$ 1,055,633	$ 889,952	$ 619,205	$ 1,052,448	$ 1,055,633	$ 1,052,448
Contributions							1,487	505
Distributions	(1,410)	(790)	(8,500)				(10,700)	(4,537)
Net (loss) income attributable to RNCI	4,450	3,415	(1,724)	7,800	(4,333)	(7,288)	6,141	(1,149)
Unrealized gain (loss) on foreign currency translation adjustment							(13,402)	5,243
Unrealized gain (loss) on change in fair value of interest rate swap							117	(223)
Purchase of Blueapple Class B common stock in connection with secondary offerings								(51,350)
Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock								1,650
(Decrease) Increase in the maximum redemption amount of RNCI							(90,378)	65,615
Allocation of eService fair value RNCI adjustment to Blueapple							(2,206)	(12,569)
Ending balance	946,692	$ 1,079,798	1,044,814	$ 1,008,491	$ 889,952	619,205	946,692	1,055,633
Blueapple
Redeemable Non-controlling Interests
Beginning balance			868,738			902,258	868,738	902,258
Contributions
Distributions
Net (loss) income attributable to RNCI							(158)	(8,068)
Unrealized gain (loss) on foreign currency translation adjustment							(8,699)	3,658
Unrealized gain (loss) on change in fair value of interest rate swap							117	(223)
Purchase of Blueapple Class B common stock in connection with secondary offerings								(51,350)
Increase in maximum redemption amount in connection with purchase of Blueapple Class B common stock								1,650
(Decrease) Increase in the maximum redemption amount of RNCI							(96,160)	33,382
Allocation of eService fair value RNCI adjustment to Blueapple							(2,206)	(12,569)
Ending balance	$ 761,632						$ 761,632	868,738
eService
Redeemable Non-controlling Interests
Ownership interest (as a percent)	66.00%						66.00%
Beginning balance			186,436			$ 150,190	$ 186,436	150,190
Contributions
Distributions							(10,700)	(4,537)
Net (loss) income attributable to RNCI							7,439	7,004
Unrealized gain (loss) on foreign currency translation adjustment							(4,213)	1,546
Unrealized gain (loss) on change in fair value of interest rate swap
(Decrease) Increase in the maximum redemption amount of RNCI							5,782	32,233
Allocation of eService fair value RNCI adjustment to Blueapple
Ending balance	$ 184,744						$ 184,744	186,436
eService | PKO Bank Polski
Redeemable Non-controlling Interests
Ownership interest of noncontrolling owners (as a percent)	34.00%						34.00%
EVO LLC
Redeemable Non-controlling Interests
Ownership interest (as a percent)							56.90%
Chilean subsidiary
Redeemable Non-controlling Interests
Joint venture ownership interest (as a percent)									50.10%
Beginning balance			$ 459				$ 459
Contributions							1,487	505
Net (loss) income attributable to RNCI							(1,140)	(85)
Unrealized gain (loss) on foreign currency translation adjustment							(490)	39
Ending balance	$ 316						$ 316	$ 459
Chilean subsidiary | BCI
Redeemable Non-controlling Interests
Joint venture ownership interest (as a percent)									49.90%

Fair Value - Summary (Details)

Fair Value - Summary (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Fair Value
Investment in equity securities	$ 26,129	$ 25,526
Interest Rate Swap
Fair Value
Interest rate swap	(200)	(500)
Recurring
Fair Value
Cash equivalents	87,057	39,578
Contingent consideration	(735)	(1,000)
Investment in equity securities	26,129	25,526
Total	(834,473)	(992,062)
Recurring | Interest Rate Swap
Fair Value
Interest rate swap	(232)	(533)
Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(761,632)	(868,738)
Recurring | eService
Fair Value
Redeemable non-controlling interest	(184,744)	(186,436)
Recurring | Chilean subsidiary
Fair Value
Redeemable non-controlling interest	(316)	(459)
Level 1 | Recurring
Fair Value
Cash equivalents	87,057	39,578
Total	(674,575)	(829,160)
Level 1 | Recurring | Blueapple
Fair Value
Redeemable non-controlling interest	(761,632)	(868,738)
Level 2 | Recurring
Fair Value
Investment in equity securities	26,129	25,526
Total	25,897	24,993
Level 2 | Recurring | Interest Rate Swap
Fair Value
Interest rate swap	(232)	(533)
Level 3 | Recurring
Fair Value
Contingent consideration	(735)	(1,000)
Total	(185,795)	(187,895)
Level 3 | Recurring | eService
Fair Value
Redeemable non-controlling interest	(184,744)	(186,436)
Level 3 | Recurring | Chilean subsidiary
Fair Value
Redeemable non-controlling interest	$ (316)	$ (459)

Fair Value - Other (Details)

Fair Value - Other (Details) $ in Thousands, € in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)	Sep. 30, 2020USD ($)	Sep. 30, 2021EUR (€)	Dec. 31, 2020USD ($)	Dec. 31, 2020EUR (€)
Fair Value
Long-term debt, fair value	$ 585,900		$ 585,900			$ 592,600
(Loss) gain on investment in equity securities	(1,298)	$ 15,750	968	$ 15,750
Visa Series A preferred stock
Fair Value
(Loss) gain on investment in equity securities	(1,300)	$ 15,800	1,000
Visa Series C preferred stock
Fair Value
Carrying amount of Visa preferred shares	7,400		7,400		€ 6.5	7,400	€ 6.5
Estimated fair value of Visa preferred shares	20,900		$ 20,900			20,400
Series C preferred stock
Fair Value
Convertible preferred stock, conversion period (in years)			12 years
Interest Rate Swap
Fair Value
Fair value of the interest rate swap of liability	$ 200		$ 200			$ 500
Minimum | Market Approach
Fair Value
Valuation multiples for revenue			4.25
Valuation multiples for EBITDA			8.50
Maximum | Market Approach
Fair Value
Valuation multiples for revenue			4.75
Valuation multiples for EBITDA			10
eService | Income Approach
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)			50.00%
eService | Market Approach
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)			50.00%
eService | Weighted Average Cost of Capital
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)			12.00%
eService | Maximum | Growth Rate
Fair Value
Redeemable non-controlling interest, measurement input (as a percent)			17.10%

Segment Information - Informati

Segment Information - Information on segments & reconciliations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Segment Information
Revenue	$ 135,041	$ 116,976	$ 363,456	$ 322,428
Segment profit	15,409	21,360	30,938	(3,329)
Depreciation and amortization	(21,941)	(22,167)	(63,562)	(64,116)
Net interest expense	(5,669)	(6,491)	(17,258)	(23,059)
Provision for income tax expense	(8,284)	(6,775)	(19,859)	(4,699)
Share-based compensation expense	(9,172)	(5,916)	(21,459)	(15,391)
Less: Net income (loss) attributable to non-controlling interests of EVO Investco, LLC	1,396	5,190	(196)	(10,932)
Net income (loss) attributable to EVO Payments, Inc.	2,470	5,839	4,791	(2,740)
Capital expenditures	5,970	4,045	25,929	12,719
Operating
Segment Information
Segment profit	59,413	63,315	153,351	121,712
Corporate
Segment Information
Segment profit	(10,481)	(10,937)	(26,618)	(28,119)
Americas
Segment Information
Revenue	79,424	68,788	226,830	201,612
Segment profit	37,327	28,869	105,084	71,649
Capital expenditures	2,556	1,852	9,244	7,458
Europe
Segment Information
Revenue	55,617	48,188	136,626	120,816
Segment profit	22,086	34,446	48,267	50,063
Capital expenditures	$ 3,414	$ 2,193	$ 16,685	$ 5,261

Segment Information - Long live

Segment Information - Long lived assets by geographic location (Details) - USD ($) $ in Thousands	Sep. 30, 2021	Dec. 31, 2020
Segment Information
Long-lived assets	$ 99,858	$ 118,730
Poland
Segment Information
Long-lived assets	33,656	40,945
United States
Segment Information
Long-lived assets	23,009	30,334
Mexico
Segment Information
Long-lived assets	18,836	20,862
Other
Segment Information
Long-lived assets	$ 24,357	$ 26,589

Segment Information - Revenue f

Segment Information - Revenue from external customers (Details) - Revenue from external customers - Geographic Concentration Risk	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
United States
Revenue from external customers
Revenue from external customers as a percentage of total revenue	36.50%	40.00%	39.10%	42.40%
Poland
Revenue from external customers
Revenue from external customers as a percentage of total revenue	19.40%	20.80%	17.70%	18.20%
Mexico
Revenue from external customers
Revenue from external customers as a percentage of total revenue	18.80%	16.10%	20.10%	17.30%

Shareholder's Equity - Organiza

Shareholder's Equity - Organization structure (Details)	May 25, 2021shares	Sep. 30, 2021Voteshares
Class A Common Stock
Shareholders' Equity
Number of votes per share | Vote		1
Exchange basis for newly issued shares		1
Class B Common Stock
Shareholders' Equity
Cancellation of Class B common stock (in shares)	32,163,538
Class D Common Stock
Shareholders' Equity
Number of votes per share | Vote		1
Exchange basis for newly issued shares	1
EVO LLC | Blueapple
Shareholders' Equity
Number of LLC interests received in connection with the reclassification of units outstanding in EVO, LLC as a result of the reorganization	32,163,538

Stock Compensation Plans and _3

Stock Compensation Plans and Share-Based Compensation Awards - Share based compensation expenses (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Feb. 25, 2020	May 22, 2018
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 9,172	$ 5,916	$ 21,459	$ 15,391
Income tax benefit	$ (1,350)	$ (676)	$ (3,271)	$ (1,752)
2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance						7,792,162
Amended and Restated 2018 Plan | Class A Common Stock
Stock Compensation Plans and Share-Based Compensation Awards
Shares reserved for issuance					15,142,162

Stock Compensation Plans and _4

Stock Compensation Plans and Share-Based Compensation Awards - Awards, UAR, RSA (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	May 25, 2018	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense		$ 9,172	$ 5,916	$ 21,459	$ 15,391
RSAs
Stock Compensation Plans and Share-Based Compensation Awards
Fair value (in dollars per share)	$ 16
Number outstanding
Balance at beginning of period (in shares)				4
Vested (in shares)				(4)
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		$ 16
RSAs | Maximum
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense		$ 100	100	$ 100	100
Unrecognized compensation expense		$ 100	$ 100	100	100
Total fair value of share based awards vested				$ 100	$ 100

Stock Compensation Plans and _5

Stock Compensation Plans and Share-Based Compensation Awards - RSU (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	$ 9,172	$ 5,916	$ 21,459	$ 15,391
RSUs
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense	4,700	2,200	10,400	6,200
Unrecognized compensation expense	$ 25,700	$ 21,900	$ 25,700	$ 21,900
Vesting period			4 years
Weighted average period outstanding for unvested RSUs			2 years 3 months 18 days	2 years 7 months 6 days
Total fair value of share based awards vested			$ 9,600	$ 5,400
Number outstanding
Balance at beginning of period (in shares)			1,149
Granted (in shares)			686
Vested (in shares)			(416)
Forfeited (in shares)			(58)
Balance at end of period (in shares)	1,361		1,361
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)			$ 22.92
Granted (in dollars per share)			25.83
Vested (in dollars per share)			23.15
Forfeited (in dollars per share)			21.45
Balance at end of period (in dollars per share)	$ 24.38		$ 24.38
RSUs | Executive Officers
Stock Compensation Plans and Share-Based Compensation Awards
Vesting period			3 years

Stock Compensation Plans and _6

Stock Compensation Plans and Share-Based Compensation Awards - Stock Options (Details) - USD ($) $ / shares in Units, $ in Thousands	Mar. 29, 2020	Aug. 31, 2020	Sep. 30, 2021	Sep. 30, 2020	Sep. 30, 2021	Sep. 30, 2020	Dec. 31, 2020
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 9,172	$ 5,916	$ 21,459	$ 15,391
Stock options
Stock Compensation Plans and Share-Based Compensation Awards
Share-based compensation expense			$ 4,100	3,700	$ 10,100	$ 9,100
Number outstanding
Balance at beginning of period (in shares)					5,084
Granted (in shares)					1,115
Exercised (in shares)					(437)
Forfeited (in shares)					(157)
Balance at end of period (in shares)			5,605		5,605		5,084
Exercisable at end of period (in shares)			2,564		2,564
Weighted average grant date fair value
Balance at beginning of period (in dollars per share)					$ 7.60
Granted (in dollars per share)					9.76
Exercised (in dollars per share)					6.29
Forfeited (in dollars per share)					8.03
Balance at end of period (in dollars per share)			$ 8.12		8.12		$ 7.60
Exercisable at end of period (in dollars per share)			7.34		7.34
Weighted average exercise price
Balance at beginning of period (in dollars per share)					21.06
Granted (in dollars per share)					25.73
Exercised (in dollars per share)					17.56
Forfeited (in dollars per share)					22.39
Balance at end of period (in dollars per share)			22.22		22.22		$ 21.06
Exercisable at end of period (in dollars per share)			$ 19.59		$ 19.59
Share-based Compensation Arrangement by Share-based Payment Award, Options, Weighted Average Contractual Term [Abstract]
Weighted average remaining contractual term (in years)					7 years 11 months 4 days		8 years 4 months 9 days
Exercisable at Weighted average remaining contractual term (in years)					7 years 4 months 28 days
Total Intrinsic Value
Aggregate Intrinsic Value at beginning of period					$ 30,405
Aggregate Intrinsic Value, Exercised					4,778
Aggregate Intrinsic Value at end of period			$ 15,671		15,671		$ 30,405
Aggregate Intrinsic Value, Exercisable Options			12,645		$ 12,645
Other disclosures
Weighted average period outstanding for unvested stock options					2 years 3 months 18 days	2 years 4 months 24 days
Unrecognized compensation expense			$ 21,000	$ 24,500	$ 21,000	$ 24,500
Vesting period					4 years
Expiration period					10 years
Percentage of stock options granted	50.00%
Percentage of stock options vested		50.00%
Percentage of remaining stock option vested					50.00%
Stock options | Executive Officers
Other disclosures
Vesting period					3 years

Stock Compensation Plans and _7

Stock Compensation Plans and Share-Based Compensation Awards - Fair Value Assumptions (Details) - Stock options - $ / shares	9 Months Ended
	Sep. 30, 2021	Sep. 30, 2020
Assumptions used in estimating grant date fair values
Expected life (in years)	7 years	7 years
Weighted-average risk-free interest rate (as a percent)	1.16%	0.86%
Expected volatility (as a percent)	34.61%	30.24%
Dividend yield (as a percent)	0.00%	0.00%
Weighted-average fair value at grant date	9.76	6.84

Stock Compensation Plans and _8

Stock Compensation Plans and Share-Based Compensation Awards - Market and Service-Based Stock Options (Details) $ / shares in Units, $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2021USD ($)$ / shares	Mar. 31, 2021USD ($)installmentDshares	Sep. 30, 2020USD ($)	Sep. 30, 2021USD ($)$ / shares	Sep. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Share-based compensation expense	$ 9,172		$ 5,916	$ 21,459	$ 15,391
Market and Service-Based Stock Options | Chief Executive Officer
Stock Compensation Plans and Share-Based Compensation Awards
Options Granted (in shares) | shares		287,395
Fair value of options granted		$ 2,900
Trailing period | D		20
Percentage of closing price		110.00%
Trading days | D		20
Number of installments | installment		3
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions and Methodology [Abstract]
Expected life (in years)				7 years
Weighted-average risk-free interest rate (as a percent)				1.15%
Expected volatility (as a percent)				34.65%
Dividend yield (as a percent)				0.00%
Exercise price | $ / shares	$ 25.46			$ 25.46
Vesting period				3 years
Share-based compensation expense	$ 400			$ 1,000
Unrecognized compensation expense	$ 1,900			$ 1,900
Weighted average period for unrecognized compensation expense (in years)				1 year 7 months 6 days

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - New Senior Secured Credit Facilities $ in Millions	Nov. 01, 2021USD ($)
Subsequent Events
Debt instrument, prepayment terms, net cash proceeds threshold, percentage	100.00%
Debt instrument, prepayment terms, excess cash flow threshold, percentage	50.00%
First priority lien on capital stock, limited, in the case of capital stock of foreign subsidiaries, specified percentage of voting stock	65.00%
First priority lien on capital stock, limited, in the case of capital stock of first tier foreign subsidiaries, specified percentage of non-voting stock	100.00%
Minimum
Subsequent Events
Commitment fee (as a percent)	0.25%
Increase in the maximum consolidated leverage ratio the borrower may elect, upon the consummation of a material acquisition	0.5
Minimum | Net Cash Proceeds
Subsequent Events
Step-down percentage	0.00%
Minimum | Excess Cash Flows
Subsequent Events
Step-down percentage	0.00%
Maximum
Subsequent Events
Commitment fee (as a percent)	0.375%
Increase in the maximum consolidated leverage ratio the borrower may elect, upon the consummation of a material acquisition	2
Maximum | Net Cash Proceeds
Subsequent Events
Step-down percentage	50.00%
Maximum | Excess Cash Flows
Subsequent Events
Step-down percentage	25.00%
Base Rate Borrowings | Minimum
Subsequent Events
Applicable margin (as a percent)	0.75%
Base Rate Borrowings | Maximum
Subsequent Events
Applicable margin (as a percent)	1.75%
LIBOR Rate Borrowings | Minimum
Subsequent Events
Applicable margin (as a percent)	1.75%
LIBOR Rate Borrowings | Maximum
Subsequent Events
Applicable margin (as a percent)	2.75%
Credit Facility
Subsequent Events
Commitments	$ 200
Term loan
Subsequent Events
Face amount of debt	$ 588