Ebix (EBIXQ) 10-K 9 Mar 22 2021 FY Annual report Financial data

Cover Page

Cover Page - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Feb. 28, 2022	Jun. 30, 2021
Document and Entity Information [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-15946
Entity Registrant Name	EBIX INC
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0021975
Entity Address, Address Line One	1 Ebix Way
Entity Address, City or Town	Johns Creek,
Entity Address, State or Province	GA
Entity Address, Postal Zip Code	30097
City Area Code	678
Local Phone Number	281-2020
Title of 12(b) Security	Common Stock, par value $0.10 per share
Trading Symbol	EBIX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		30,904,811
Entity Public Float			$ 670
Entity Central Index Key	0000814549
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Audit Information [Abstract]
Auditor Name	K G Somani & Co LLP
Auditor Location	New Delhi, India
Auditor Firm ID	3199

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 99,625	$ 105,035
Receivables from service providers	1,352	4,711
Short-term investments	16,463	25,019
Restricted cash	9,080	8,519
Fiduciary funds - restricted	2,046	4,106
Trade accounts receivable, less allowances of $19,874 and $22,691, respectively	153,609	142,847
Other current assets	84,389	71,661
Total current assets	366,564	361,898
Property and equipment, net	54,359	52,521
Right-of-use assets	10,051	12,372
Goodwill	939,249	949,037
Intangibles, net	46,795	50,880
Indefinite-lived intangibles	16,647	21,647
Capitalized software development costs, net	21,565	19,389
Deferred tax assets, net	84,514	63,402
Other assets	33,505	38,707
Total assets	1,573,249	1,569,853
Current liabilities:
Accounts payable and accrued liabilities	86,181	64,764
Payables to service agents	6,296	5,281
Accrued payroll and related benefits	11,360	11,792
Working capital facilities	5,607	16,643
Fiduciary funds - restricted	2,046	4,106
Short-term debt	1,954	894
Current portion of long-term debt, net of deferred financing costs of $1,635 and $920, respectively	28,577	23,621
Contract liabilities	33,164	32,898
Lease liability	3,173	3,905
Other current liabilities	26,837	27,486
Total current liabilities	205,195	191,390
Revolving line of credit	439,402	439,402
Long-term debt, less current portion, net of deferred financing costs of $261 and $1,062, respectively	184,676	232,140
Contingent earn-out consideration arrangement (net)	2,557	0
Contract liabilities	8,193	8,033
Lease liability	7,139	8,540
Deferred tax liability, net	1,150	1,235
Other liabilities	25,383	29,009
Total liabilities	873,695	909,749
Stockholders’ equity:
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020	0	0
Series Y Convertible preferred stock, $0.10 par value, 350,000 shares authorized, no shares issued and outstanding at December 31, 2021 and 2020	0	0
Common stock, $0.10 par value, 220,000,000 shares authorized, 30,683,393 issued and outstanding at December 31, 2021 and 30,515,334 issued and outstanding at December 31, 2020	3,068	3,052
Additional paid-in capital	15,068	11,126
Retained earnings	759,208	700,304
Accumulated other comprehensive loss	(122,022)	(101,503)
Total Ebix, Inc. stockholders’ equity	655,322	612,979
Noncontrolling interest	44,232	47,125
Total stockholders' equity	699,554	660,104
Total liabilities and stockholders’ equity	$ 1,573,249	$ 1,569,853

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Current Assets:
Allowance for doubtful accounts	$ 19,874	$ 22,691
Deferred financing costs, current	1,635	920
Deferred financing costs, noncurrent	$ 261	$ 1,062
Stockholders' Equity:
Preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Series Y preferred stock, par value (in dollars per share)	$ 0.10	$ 0.10
Series Y preferred stock, shares authorized	350,000	350,000
Series Y preferred stock, shares issued	0	0
Series Y preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.10	$ 0.10
Common stock, shares authorized	220,000,000	220,000,000
Common stock, shares issued	30,683,393	30,515,334
Common stock, shares outstanding	30,683,393	30,515,334

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) shares in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Statement [Abstract]
Operating revenue:	$ 994,938,000	$ 625,609,000	$ 580,615,000
Operating expenses:
Costs of services provided	705,390,000	343,262,000	205,165,000
Product development	40,015,000	35,267,000	45,302,000
Sales and marketing	14,434,000	13,835,000	19,578,000
General and administrative, net	100,911,000	87,537,000	140,429,000
Amortization and depreciation	15,178,000	13,738,000	14,468,000
Impairment of intangible asset	0	6,168,000	0
Total operating expenses	875,928,000	499,807,000	424,942,000
Operating income	119,010,000	125,802,000	155,673,000
Interest income	83,000	167,000	629,000
Interest expense	(41,370,000)	(31,578,000)	(42,332,000)
Non-operating (loss) income	(3,766,000)	153,000	337,000
Non-operating expense - litigation settlement	0	0	(21,140,000)
Foreign currency exchange loss, net	(434,000)	(387,000)	(2,376,000)
Income before income taxes	73,523,000	94,157,000	90,791,000
Income tax provision	(6,584,000)	(5,330,000)	(220,000)
Net income including noncontrolling interest	66,939,000	88,827,000	90,571,000
Net loss attributable to noncontrolling interest	(1,249,000)	(3,550,000)	(6,149,000)
Net income attributable to Ebix, Inc.	$ 68,188,000	$ 92,377,000	$ 96,720,000
Basic earnings per common share (in dollars per share)	$ 2.23	$ 3.03	$ 3.17
Diluted earnings per common share (in dollars per share)	$ 2.22	$ 3.02	$ 3.16
Basic weighted average shares outstanding (in shares)	30,625	30,510	30,511
Diluted weighted average shares outstanding (in shares)	30,664	30,571	30,594

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Comprehensive Income [Abstract]
Net income including noncontrolling interest	$ 66,939	$ 88,827	$ 90,571
Other comprehensive loss:
Foreign currency translation adjustments	(20,519)	(23,105)	(15,021)
Total other comprehensive loss	(20,519)	(23,105)	(15,021)
Comprehensive income	46,420	65,722	75,550
Comprehensive loss attributable to noncontrolling interest	(1,249)	(3,550)	(6,149)
Comprehensive income attributable to Ebix, Inc.	$ 47,669	$ 69,272	$ 81,699

Consolidated Statements Stockho

Consolidated Statements Stockholders' Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Noncontrol-ling interest
Beginning Balance (in shares) at Dec. 31, 2018		30,567,725
Beginning Balance at Dec. 31, 2018	$ 544,437	$ 3,057	$ 3,397	$ 535,118	$ (63,377)	$ 66,242
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Ebix, Inc.	96,720			96,720
Net loss attributable to noncontrolling interest	(6,149)					(6,149)
Cumulative translation adjustment	(15,021)				(15,021)
Repurchase and retirement of common stock (in shares)		(95,000)
Repurchase and retirement of common stock	(4,152)	$ (10)		(4,142)
Deferred compensation and amortization related to options and restricted stock	3,397		3,397
Vesting of restricted stock (in shares)		24,107
Vesting of restricted stock	0	$ 2	(2)
Forfeiture of certain shares to satisfy exercise costs and the recipients' income tax obligations related to stock options exercised and restricted stock vested (in shares)		(4,788)
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(230)		(230)
Noncontrolling interest	(10,364)		398			(10,762)
Common stock dividends paid	(9,193)			(9,193)
Ending Balance (in shares) at Dec. 31, 2019		30,492,044
Ending Balance at Dec. 31, 2019	599,445	$ 3,049	6,960	618,503	(78,398)	49,331
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Ebix, Inc.	92,377			92,377
Net loss attributable to noncontrolling interest	(3,550)					(3,550)
Cumulative translation adjustment	(23,105)				(23,105)
Exercise of stock options (in shares)		30,000
Exercise of stock options	636	$ 3	633
Deferred compensation and amortization related to options and restricted stock	4,792		4,792
Vesting of restricted stock (in shares)		68,504
Vesting of restricted stock	0	$ 7	(7)
Forfeiture of certain shares to satisfy exercise costs and the recipients' income tax obligations related to stock options exercised and restricted stock vested (in shares)		(75,214)
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(2,589)	$ (7)	(1,253)	(1,329)
Noncontrolling interest	1,343					1,343
Common stock dividends paid	(9,245)			(9,245)
Ending Balance (in shares) at Dec. 31, 2020		30,515,334
Ending Balance at Dec. 31, 2020	660,104	$ 3,052	11,126	700,304	(101,503)	47,125
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income attributable to Ebix, Inc.	68,188			68,188
Net loss attributable to noncontrolling interest	(1,249)					(1,249)
Cumulative translation adjustment	(20,519)				(20,519)
Deferred compensation and amortization related to options and restricted stock	5,360		5,360
Vesting of restricted stock (in shares)		213,991
Vesting of restricted stock	0	$ 21	(21)
Forfeiture of certain shares to satisfy exercise costs and the recipients' income tax obligations related to stock options exercised and restricted stock vested (in shares)		(45,932)
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(1,402)	$ (5)	(1,397)
Noncontrolling interest	(1,644)					(1,644)
Common stock dividends paid	(9,284)			(9,284)
Ending Balance (in shares) at Dec. 31, 2021		30,683,393
Ending Balance at Dec. 31, 2021	$ 699,554	$ 3,068	$ 15,068	$ 759,208	$ (122,022)	$ 44,232

Consolidated Statements Stock_2

Consolidated Statements Stockholders' Equity (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Stockholders' Equity [Abstract]
Common stock, dividends, cash paid (in dollars per share)	$ 0.30	$ 0.30	$ 0.30

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Cash flows from operating activities:
Net income attributable to Ebix, Inc.	$ 68,188,000	$ 92,377,000	$ 96,720,000
Net loss attributable to noncontrolling interest	(1,249,000)	(3,550,000)	(6,149,000)
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	15,178,000	13,738,000	14,468,000
(Benefit) provision for doubtful accounts	(2,334,000)	1,749,000	12,325,000
(Benefit) provision for deferred taxes, net of acquisitions and effects of currency translation	(11,104,000)	5,114,000	(15,525,000)
Unrealized foreign exchange losses	0	0	1,104,000
Amortization of right-of-use assets	4,294,000	6,100,000	7,144,000
Amortization of capitalized software development costs	3,317,000	3,367,000	2,696,000
Share-based compensation	5,360,000	4,792,000	3,397,000
Reduction of acquisition earn-out contingent liability	0	(3,105,000)	(16,543,000)
Cash paid for acquisition earn-out	0	(6,453,000)	0
Intangible asset impairment	0	6,168,000	0
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable	(10,866,000)	3,258,000	(22,977,000)
Receivables from service providers	3,359,000	20,896,000	10,950,000
Payables to service agents	1,015,000	(6,915,000)	(13,455,000)
Other assets	(17,305,000)	(10,487,000)	(8,351,000)
Accounts payable and accrued expenses	18,545,000	(14,569,000)	(19,624,000)
Accrued payroll and related benefits	(143,000)	2,100,000	(661,000)
Lease liabilities	(3,951,000)	(5,700,000)	(6,878,000)
Reserve for potential uncertain income tax return positions	(2,071,000)	0	(95,000)
Contract liabilities	694,000	3,680,000	(8,149,000)
Other liabilities	(1,456,000)	(12,204,000)	30,396,000
Net cash provided by operating activities	69,471,000	100,356,000	60,793,000
Cash flows from investing activities:
Investments in acquired businesses, net of cash acquired	0	(14,276,000)	(105,466,000)
Cash paid to Paul Merchants for 10% stake in MTSS combined business and other investment	0	0	(5,348,000)
Maturities (purchases) of unrestricted marketable securities, net	8,567,000	(20,964,000)	27,015,000
Capitalized software development costs	(5,700,000)	(4,229,000)	(7,989,000)
Capital expenditures	(7,465,000)	(5,337,000)	(4,908,000)
Net cash used in investing activities	(4,598,000)	(44,806,000)	(96,696,000)
Cash flows from financing activities:
Proceeds from revolving line of credit, net	0	1,364,000	13,500,000
Principal payments of term loan obligation	(42,594,000)	(20,711,000)	(15,063,000)
Payments of short-term notes, net	0	0	6,450,000
Working capital facilities	(10,913,000)	(10,927,000)	19,079,000
Repurchase of common stock	0	0	(12,952,000)
Proceeds (payments) of short-term debt, net	1,075,000	(271,000)	(686,000)
Payments of finance lease obligations, net	(100,000)	(210,000)	0
Proceeds from exercise of common stock options	0	636,000	0
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(1,402,000)	(2,589,000)	(230,000)
Dividend payments	(9,284,000)	(9,245,000)	(9,193,000)
Net cash (used in) provided by financing activities	(63,218,000)	(41,953,000)	905,000
Effect of foreign exchange rates on cash and cash equivalents	(7,104,000)	(4,753,000)	(3,314,000)
Net change in cash and cash equivalents, and restricted cash	(5,449,000)	8,844,000	(38,312,000)
Cash and cash equivalents, and restricted cash at the beginning of the year	120,213,000	111,369,000	149,681,000
Cash and cash equivalents, and restricted cash at the end of the year	114,764,000	120,213,000	111,369,000
Supplemental disclosures of cash flow information:
Interest paid	30,369,000	29,498,000	41,143,000
Income taxes paid	$ 17,675,000	$ 21,321,000	$ 24,041,000

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Statement of Cash Flows [Abstract]
Percentage of membership interest in joint venture by other party	10.00%	10.00%	10.00%
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	$ 1,402	$ 2,589	$ 230

Description of Business and Sum

Description of Business and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Description of Business and Summary of Significant Accounting Policies	Description of Business and Summary of Significant Accounting Policies Description of Business— Ebix, Inc. and its subsidiaries, (“Ebix” or the “Company”, "we", "us", and "our") is a leading international supplier of on-demand infrastructure exchanges to the insurance, financial services, travel, and healthcare industries. In the insurance industry, the Company’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis using software-as-a-service ("SaaS") enterprise solutions in the areas of customer relationship management ("CRM"), front-end and back-end systems, and outsourced administrative and risk compliance. The Company's products feature fully customizable and scalable software solutions designed to streamline the way insurance and financial industry professionals manage distribution, marketing, sales, customer service, and accounting activities. With a "Phygital” strategy that combines physical distribution outlets in India and many Association of Southeast Asian Nations (ASEAN) countries to an Omni-channel online digital platform, the Company’s EbixCash financial exchange portfolio of software and services encompasses domestic and international money remittance, foreign exchange ("Forex"), travel, pre-paid gift cards, utility payments, lending, and wealth management in India and other ASEAN markets. The Company has its headquarters in Johns Creek, Georgia and also conducts operating activities in Australia, Brazil, Canada, India, Indonesia, New Zealand, the Philippines, Singapore, Thailand, the United Arab Emirates, and the United Kingdom. International revenue accounted for 84.4%, 73.4%, and 68.6% of the Company’s total revenue in 2021, 2020, and 2019, respectively. EbixCash Exchanges ("EbixCash") EbixCash revenues are primarily derived from the sales of prepaid gift cards and consideration paid by customers for financial transaction services, including services for transferring or exchanging money, and travel transaction services. The significant majority of EbixCash revenue is for a single performance obligation and is recognized at a point in time. These revenues vary by transaction based upon channel, send and receive locations, the principal amount sent, whether the money transfer involves different send and receive currencies, and speed of service, as applicable. EbixCash also offers several other services, including payment services and ticketing and travel services for which revenue is impacted by various factors. EbixCash acts as the principal in most transactions and reports revenue on a gross basis, as EbixCash controls the service at all times prior to transfer to the customer, is primarily responsible for fulfilling the customer contracts, has the risk of loss, and has the ability to establish transaction prices. The main services from which EbixCash derives revenue are as follow: Gift Cards EbixCash sells general purpose prepaid gift cards to corporate customers and consumers that can be later redeemed at various merchants. The gift cards are co-branded between EbixCash and its card-issuing banking partners and are affiliated with major payment associations such as VISA, Mastercard, and Rupay. The gift cards are sold to a diversified set of corporate customers from various industries. The gift cards are used by corporate customers to disburse incentives to the end users, which are primarily their employees, agents and business associates. The gift cards sold by EbixCash are not reloadable, cannot be used at ATMs or for any other cash-out or funds transfer transactions, and are subject to maximum limits per card (currently INR10,000 or approximately $140). Gift cards issued by EbixCash are valid for a period of 15 months from the date of issuance for virtual cards and three years for physical cards. EbixCash has entered into arrangements with banks and financial institutions to settle payments to merchants based on utilization of the gift cards. The Company has end-to-end responsibilities related to the gift cards sold, from the activation and ongoing utilization of the gift cards to customer service responsibilities to risk of loss due to fraud on the gift cards sold. EbixCash acts a principal in the sale of gift cards and, thus, gift card revenue is recognized on a gross basis (full purchase value at the time of sale) with the corresponding cost of the gift cards recorded as cost of services provided. Unredeemed gift cards at December 31, 2021 totaled approximately $5.9 million and are recorded as deferred revenues in the financial results. EbixCash Travel Exchanges EbixCash Travel revenues are primarily derived from commissions and transaction fees received from various travel providers and international exchanges involved in the sale of travel to the consumer. EbixCash Travel revenue is for a single performance obligation and is recognized at a point in time. Travel revenues include: (i) reservation commissions, segment fees from global travel exchange providers, and transaction net revenues (i.e., the amount charged to travelers less the amount owed to travel service providers) in connection with our reservation services; (ii) ancillary fees, including travel insurance-related revenues and certain reservation booking fees; and (iii) credit card processing rebates and customer processing fees. EbixCash Travel services include the sale of hotel rooms, airline tickets, bus tickets and train tickets. EbixCash’s Travel revenue is also derived from ticket sales, wherein the commissions payable to EbixCash Travel, along with any transaction fees paid by travel providers and travel exchanges, is recognized as revenue after completion of the service. The transaction price on such services is agreed upon at the time of the purchase. EbixCash Travel revenue for the corporate meetings, incentives, conferences, and exhibitions ("MICE") packages is recognized at full purchase value at the completion of the obligation with the corresponding costs recorded under cost of services provided. For MICE revenues, EbixCash Travel acts as the principal in transactions and, accordingly, reports revenue on a gross basis. EbixCash Travel controls the service at all times prior to transfer to the customer, is responsible for fulfilling the customer contracts, has the risk of loss, and has the ability to establish transaction prices. EbixCash Money Transfer For the EbixCash money transfer business, EbixCash has one performance obligation whereupon the customer engages EbixCash to perform one integrated service. This performance obligation typically occurs instantaneously when the beneficiary entitled to receive the money transferred by the sender visits the EbixCash outlet and collects the money. Accordingly, EbixCash recognizes revenue upon completion of the following: (i) the customer’s acknowledgment of EbixCash’s terms and conditions and the receipt of payment information; (ii) the money transfer has been processed; (iii) the customer has received a unique transaction identification number; and (iv) funds are available to be picked up by the beneficiary. The transaction price is comprised of a transaction fee and the difference between the exchange rate set by EbixCash to the customer and the rate available in the wholesale foreign exchange market, as applicable, both of which are readily determinable at the time the transaction is initiated Foreign Exchange and Outward Remittance Services For EbixCash’s foreign exchange and payment services, customers agree to terms and conditions for all transactions, either at the time of initiating a transaction or signing a contract with EbixCash to provide payment services on the customer’s behalf. In the majority of EbixCash’s foreign exchange and payment services, EbixCash makes payments to the recipient to satisfy its performance obligation to the customer and, therefore, EbixCash recognizes revenue on foreign exchange and payment when this performance obligation has been fulfilled. Consumer Payment Services EbixCash offers several different bill payment services that vary by considerations, including among other factors: (i) who pays the fee to EbixCash (consumer or biller); (ii) whether the service is offered to all consumers; (iii) whether the service is restricted to existing biller relationships of EbixCash; and (iv) whether the service utilizes a physical agent network offered for consumers’ convenience. The determination of which party is EbixCash’s customer for revenue recognition purposes is based on these considerations for each of EbixCash’s bill payment services. For all transactions EbixCash’s customers agree to EbixCash’s terms and conditions, either at the time of initiating a transaction (where the consumer is determined to be the customer for revenue recognition purposes) or upon signing a contract with EbixCash to provide services on the biller’s behalf (where the biller is determined to be the customer for revenue recognition purposes). As with consumer money transfers, customers engage EbixCash to perform one integrated service - collecting money from the consumer and processing the bill payment transaction. This service provides the billers real-time or near real-time information regarding their customers’ payments and simplifies the billers’ collection efforts. The transaction price on bill payment services is contractual and determinable. Certain biller agreements may include per-transaction or fixed periodic rebates, which EbixCash records as a reduction to revenue. EbixCash Technology Services EbixCash also offers on-demand technology to various providers in the area of lending, wealth and asset management, and travel across the world. Additionally, EbixCash provides IT and call center outsourcing services to companies in a variety of industries, both in India and globally. The EbixCash technology software solutions are generally delivered on a SaaS subscription and/or transaction based pricing model. Please see below under "Insurance Exchanges" a description of revenue recognition policies for Software as a Service, Subscription and Transaction Fees, which are similar to how EbixCash technology software solutions revenues are recognized. For IT and call center outsourcing services provided by EbixCash businesses, revenues are generally recognized on a time and materials or fixed fee basis. Revenues for time and materials are recognized as such services are rendered, while fixed fee revenues are recognized based on the input method driven by the expected hours to complete the project measured against the actual hours completed to date. Insurance Exchanges Insurance Exchanges revenues are primarily derived from consideration paid by customers related to our SaaS platforms, related services and the licensing of software. A typical contract for our SaaS platform will also include services for setup, customization, transaction processing, maintenance, and/or hosting. Determining whether products and services are considered distinct performance obligations that should be accounted for separately may require significant judgment. Set-up and customization services related to our SaaS platforms are not considered to be distinct from the usage fees associated with the SaaS platform and, accordingly, are accounted for as a single performance obligation. These services, along with the usage or transaction fees, are recognized over the contract duration, which considers the significance of the upfront fees in the context of the contract and which may, therefore, exceed the initial contracted term. A customer's transaction volume tends to remain fairly consistent during the contract period without significant fluctuations. The invoiced amount is a reasonable approximation of the revenue that would be allocated to the related period under the variable consideration guidelines in ASC 606-10-32-40. To the extent that a SaaS contract includes subscription services or professional services, apart from the upfront customization, these are considered separate performance obligations. The Company also has separate software licensing (on premise/ perpetual), unrelated to the SaaS platforms, which is recognized at a point in time when the license is transferred to the customer. Contracts generally do not contain a right of return or refund provisions. Our contracts often do contain overage fees, contingent fees, or service level penalties which are accounted for as variable consideration. Revenue accounted for as variable consideration is immaterial and is recognized using the “right to invoice” practical expedient when the invoiced amount equals the value provided to the customer. Software-as-a-Service The Company allocates the transaction price to each distinct performance obligation using the relative stand-alone selling price. Determining the stand-alone selling price may require significant judgment. The stand-alone selling price is the price at which an entity has sold or would sell a promised good or service separately to a customer. The Company determines the stand-alone selling price based on observable price of products or services sold separately in comparable circumstances when such observable prices are available. When standalone selling price is not directly observable, the Company estimates the stand-alone selling price using the market assessment approach by considering historical pricing and other market factors. Software Licenses Software license revenues attributable to a software license that is a separate performance obligation are recognized at the point in time that the customer obtains control of the license. Subscription Services Subscription services revenues are associated with performance obligations that are satisfied over specific time periods and primarily consist of post-contract support services. Revenue is generally recognized ratably over the contract term. Our subscription contracts are generally for an initial three-year period with subsequent one-year automatic renewals. Transaction Fees Transaction revenue is comprised of fees applied to the volume of transactions that are processed through our SaaS platforms. These fees are typically based on a per-transaction rate and are invoiced for the same period in which the transactions were processed and as the performance obligation is satisfied. The amount invoiced generally equals the value provided to the customer, and revenue is typically recognized when invoiced using the as-invoiced practical expedient. Professional Services Professional service revenue primarily consists of fees for setup, customization, training, or consulting services. Professional service fees are generally on a time and materials basis or a fixed fee basis. Revenues for time and materials are recognized as such services are rendered, while fixed fee revenues are recognized based on the input method that is driven by the expected hours to complete the project measured against the actual hours completed to date. Professional services, particularly related to SaaS platforms, may have significant dependencies on the related licensed software and may not be considered a distinct performance obligation. Risk Compliance Solutions ("RCS") RCS revenues consist of two revenue streams - Certificates of Insurance ("COI") and consulting services. COI revenues are derived from consideration paid by customers for the creation and tracking of certificates of insurance. These revenues are transaction-based. Consulting services revenues are driven by distinct consulting service engagements rendered to customers, for which revenues are recognized using the output method on a time and material basis as the services are performed. COI Creation and Tracking The Company provides services to issue and track certificates of insurance in the U.S. and Australian markets. Revenue is derived from transaction fees for each certificate issued or tracked. The Company recognizes revenue at the issuance of each certificate or over the period the certificate is being tracked. Consulting Services The Company provides consulting services to clients around the world for project management and development. Consulting services fees are generally earned on a time and materials basis or a fixed fee basis. Revenues for time and materials are recognized using an output method as the services are rendered, while fixed fee revenues are recognized based on the input method that is driven by the expected hours to complete the project measured against the actual hours completed to date. Summary of Significant Accounting Policies Basis of Presentation — The consolidated financial statements include the accounts of Ebix and its wholly and majority-owned subsidiaries. Noncontrolling interests in net income or losses and net equity are reported in amounts that reflect the noncontrolling party(ies) percentage ownership in the respective subsidiaries. The effect of intercompany balances and transactions has been eliminated. Use of Estimates — The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and reported amounts of revenue and expenses during those reporting periods. Management has made material estimates primarily with respect to revenue recognition and contract liabilities, accounts receivable, acquired intangible assets, annual impairment reviews of goodwill and indefinite-lived intangible assets, contingent earn-out liabilities in connection with business acquisitions, and the provision for income taxes. Actual results may be different from those estimates. Reclassification — Certain prior year amounts have been reclassified to be consistent with current year presentation within our consolidated financial statements. Segment Reporting — Since the Company, from the perspective of its chief operating decision maker, allocates resources and evaluates business performance as a single entity on a worldwide basis, the Company reports as a single segment. The applicable enterprise-wide disclosures are included in Note 14. Cash and Cash Equivalents — The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. Such investments are stated at cost, which approximates fair value. The Company does maintain cash balances in banking institutions in excess of federally insured amounts and therefore is exposed to the related potential credit risk associated with such cash deposits. The Company deposited $30.0 million with a third party bank in a trust account with commingled funds of its outside legal counsel in contemplation of a potential acquisition on December 31, 2020. The funds are included under the heading 'Cash and cash equivalents' in the 2020 consolidated balance sheet due to the nature of the said account, as the account had neither a restriction on the Company's ability to access the funds at its discretion nor did the account have restrictions associated with the potential acquisition that would limit the Company's control over and access to the cash. The contemplated acquisition did not occur and on February 2, 2021 the Company had the cash returned to its primary U.S. operating bank account. Short-term Investments — The Company’s primary short-term investments consist of certificates of deposits with established commercial banking institutions in India that have readily determinable fair values. Ebix accounts for such investments that are reasonably expected to be realized in cash, sold or consumed during the year as short-term investments that are available-for-sale. The carrying amount of investments in marketable securities approximates their fair value. The carrying value of our short-term investments was $16.5 million and $25.0 million at December 31, 2021 and 2020, respectively. Restricted Cash — The carrying value of our restricted cash was $9.1 million and $8.5 million at December 31, 2021 and 2020, respectively. The Company holds fixed deposits pledged with banks for issuance of bank guarantees and letters of credit related to its India operations for our working capital facilities. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows: As of December 31, 2021 2020 2019 (In thousands) Cash and cash equivalents $ 99,625 $ 105,035 73,228 Restricted cash 9,080 8,519 35,051 Restricted cash included in other long-term assets 6,059 6,659 3,090 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 114,764 $ 120,213 $ 111,369 Fiduciary Funds - Restricted — Due to the EbixHealth JV being a third party administrator (“TPA”), the Company collects premiums from insureds and, after deducting its fees, remits these premiums to insurance companies. Unremitted insurance premiums and/or claim funds established for the benefit of various carriers are held in a fiduciary capacity until disbursed by the Company. The use of premiums collected from insureds but not yet remitted to insurance companies is restricted by law in certain states. The total assets held on behalf of others, $2.0 million and $4.1 million at December 31, 2021 and 2020, respectively, are recorded as an asset and offsetting fiduciary funds - restricted liability. Fair Value Measurements — The Company follows the relevant GAAP guidance regarding the determination and measurement of the fair value of assets/liabilities in which fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction valuation hierarchy, which requires an entity to maximize the use of observable inputs when measuring fair value. The guidance describes the following three levels of inputs that may be used in the methodology to measure fair value: • Level 1 — Unadjusted quoted prices available in active markets for identical investments to the reporting entity at the measurement date. • Level 2 — Other than quoted prices included in Level 1 inputs, which are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 — Unobservable inputs, which are used to the extent that observable inputs are not available, and used in situations where there is little or no market activity for the asset or liability and wherein the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. As of December 31, 2021 and 2020, the Company has the following financial instruments for which it had to consider fair values and had to make fair value assessments: • Short-term investments (commercial bank certificates of deposits and mutual funds), for which the fair values are measured as a Level 1 instrument. • Contingent accrued earn-out business acquisition consideration liabilities for which fair values are measured as Level 3 instruments. These contingent consideration liabilities were recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary. The increases or decreases in the fair value of contingent consideration can result from changes in anticipated revenue levels and changes in assumed discount periods and rates. As the fair value measure is based on significant inputs that are not observable in the market, they are categorized as Level 3. Other financial instruments not measured at fair value on the Company's consolidated balance sheets at December 31, 2021 and 2020, but which require disclosure of their fair values include: cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, accrued payroll and related benefits, finance lease obligations, and the revolving line of credit and term loan debt. The Company believes that the estimated fair value of such instruments at December 31, 2021 and 2020 reasonably approximates their carrying value as reported on the consolidated balance sheets. Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables: Fair Values at Reporting Date Using* Descriptions Balance at December 31, 2021 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Assets Commercial bank certificates of deposits ($6.3 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets") $ 31,676 $ — $ 31,676 $ — Mutual funds 167 167 — — Total assets measured at fair value $ 31,843 $ 167 $ 31,676 $ — Liabilities Contingent earn-out acquisition consideration (a) 2,557 — — 2,557 Total liabilities measured at fair value $ 2,557 $ — $ — $ 2,557 (a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments. * During the year ended December 31, 2021, there were no transfers between fair value Levels 1, 2 or 3. Fair Values at Reporting Date Using* Descriptions Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Assets Commercial bank certificates of deposits ($7.4 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets") $ 32,072 — 32,072 — Mutual Funds 381 381 — — Total assets measured at fair value $ 32,453 $ 381 $ 32,072 $ — Liabilities Contingent earn-out acquisition consideration — — — — Total liabilities measured at fair value $ — $ — $ — $ — * During the year ended December 31, 2020, there were no transfers between fair value Levels 1, 2 or 3. For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the year: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Contingent Liability for Accrued Earn-out Acquisition Consideration Balance at December 31, 2021 Balance at December 31, 2020 (In thousands) Beginning balance $ — $ 10,095 Total remeasurement adjustments: (Gains) or losses included in earnings * — (3,105) Remeasurement against goodwill 2,560 — Foreign currency translation adjustments ** (3) (537) Acquisitions and settlements Settlements — (6,453) Ending balance $ 2,557 $ — The amount of total (gains) or losses for the year included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at year-end. $ — $ (3,105) * recorded as a component of general and administrative expenses ** recorded as a component of other comprehensive income within stockholders' equity Quantitative Information about Level 3 Fair Value Measurements The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows: (In thousands) Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Contingent acquisition consideration $2,557 Discounted cash flow Expected future annual revenue streams and probability of achievement (In thousands) Fair Value at December 31, 2020 Valuation Technique Significant Contingent acquisition consideration $— Discounted cash flow Expected future annual revenue streams and probability of achievement Sensitivity to Changes in Significant Unobservable Inputs As presented in the table above, the significant unobservable inputs used in the fair value measurement of contingent consideration related to business acquisitions are forecasts of expected future annual revenues as developed by the Company's management and the probability of achievement of those revenue forecasts. The discount rate used in these calculations is 12.7%. Significant increases (decreases) in these unobservable inputs in isolation would likely result in a significantly (lower) higher fair value measurement. Revenue Recognition and Contract Liabilities — The Company derives its revenues primarily from software subscription and transaction fees, software license fees, financial transaction fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. Sales and value-added taxes are not included in revenues, but rather are recorded as a liability until the taxes assessed are remitted to the respective taxing authorities. The Company determines revenue recognition by applying the following steps: • identification of the contract, or contracts, with a customer; • identification of the performance obligations in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligations in the contract; and • recognition of revenue when, or as, we satisfy a performance obligation. The Company analyzes its different services individually to determine the appropriate basis for revenue recognition, as further described earlier in this footnote. Additionally, certain services exist in multiple channels. As Ebix derives revenues from three product/service channels, EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions, for policy disclosure purposes, contracts are discussed in conjunction with the channel to which they are most significant. The Company assesses the terms of customer contracts, including termination rights, penalties (implied or explicit), and renewal rights. Disaggregation of Revenue The following tables present revenue disaggregated by primary geographical regions and product channels for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 2020 2019 (In thousands) India* $ 755,543 $ 378,660 $ 300,678 United States 155,346 166,320 182,530 Australia 37,820 33,846 33,268 Europe 16,366 13,145 14,695 Latin America 12,901 14,801 19,755 Canada* 5,333 4,383 4,805 Singapore* 3,875 3,969 6,549 New Zealand 2,007 1,804 1,955 United Arab Emirates* 1,982 3,335 683 Indonesia* 1,981 3,206 9,706 Philippines* 1,784 2,140 5,991 $ 994,938 $ 625,609 $ 580,615 *Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company’s revenues are derived from three product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the years ended December 31, 2021, 2020, and 2019. For the Year Ended December 31, (In thousands) 2021 2020 2019 EbixCash Exchanges $ 749,774 $ 386,564 $ 319,953 Insurance Exchanges 174,193 178,111 190,067 Risk Compliance Solutions 70,971 60,934 70,595 Totals $ 994,938 $ 625,609 $ 580,615 Costs to Obtain and Fulfill a Contract The Company’s capitalized costs are primarily derived from the fulfillment of SaaS-related setup and customizations from which the customer receives benefit through continued access to and use of the SaaS product platforms. In accordance with the guidance in ASC 340-40-25-5, we capitalize the costs directly related to the setup and development of these customizations, which satisfy the Company’s performance obligation with respect to access to the Company’s underlying product platforms. The capitalized costs primarily consist of the salaries of the developers directly involved in fulfilling the project and are solely based on the time spent on that project. The Company amortizes the capitalized costs ratably over the expected useful life of the related customizations, matching our treatment for the related revenue, and

Earnings per Share

Earnings per Share	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Earnings per Share	Earnings per Share The basic and diluted earnings per share (“EPS”), and the basic and diluted weighted average shares outstanding for all periods as presented in the accompanying consolidated statements of income are shown below: For the year ended (In thousands, except per share amounts) Earnings per share: 2021 2020 2019 Basic earnings per common share $ 2.23 $ 3.03 $ 3.17 Diluted earnings per common share $ 2.22 $ 3.02 $ 3.16 Basic weighted average shares outstanding 30,625 30,510 30,511 Diluted weighted average shares outstanding 30,664 30,571 30,594 Basic EPS is equal to net income attributable to Ebix, Inc. divided by the weighted average number of shares of common stock outstanding for the period. Diluted EPS takes into consideration common stock equivalents, which for the Company consist of stock options and restricted stock. With respect to stock options, diluted EPS is calculated as if the Company had additional common stock outstanding from the beginning of the year or the date of grant or issuance, net of assumed repurchased shares using the treasury stock method. With respect to restricted stock, diluted EPS is calculated as if the Company had additional common stock outstanding from the beginning of the year or the date of grant or issuance. Diluted EPS is equal to net income attributable to Ebix, Inc. divided by the combined sum of the weighted average number of shares outstanding and common stock equivalents. At December 31, 2021, 2020, and 2019 there were 177,000, 181,875, and 181,875, respectively, of potentially issuable shares with respect to stock options which could dilute EPS in the future but which were excluded from the diluted EPS calculation because presently their effect is anti-dilutive. Diluted shares outstanding are determined as follows for each year ended December 31, 2021, 2020, and 2019: For the year ended (In thousands) 2021 2020 2019 Basic weighted average shares outstanding 30,625 30,510 30,511 Incremental shares for common stock equivalents 39 61 83 Diluted shares outstanding 30,664 30,571 30,594

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combinations	Business Combinations The Company’s business acquisitions are accounted for under the purchase method of accounting in accordance with ASC 805 (" Business Combinations "). Accordingly, the consideration paid by the Company for the businesses it purchases is allocated to the tangible and intangible assets and liabilities acquired based upon their estimated fair values as of the date of the acquisition. The excess of the purchase price over the estimated fair values of assets acquired and liabilities assumed is recorded as goodwill. Recognized goodwill pertains in part to the value of the expected synergies to be derived from combining the operations of the businesses we acquire including the value of the acquired workforce. While we use our best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, our estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, we may record significant adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recognized in our consolidated statements of income. The Company's practice is to immediately integrate all functions including infrastructure, sales and marketing, administration, and product development after a business acquisition is consummated, so as to ensure that synergistic efficiencies are maximized, redundancies eliminated, and to leverage cross-selling opportunities. Furthermore, the Company centralizes certain key functions, such as information technology, marketing, sales, human resources, finance, and other general administrative functions after an acquisition, in order to realize cost efficiencies. By executing this integration strategy, it becomes neither practical nor feasible to accurately and separately track and disclose the earnings from the business combinations we have executed after they have been acquired. A significant component of the purchase price consideration for many of the Company's business acquisitions is a potential future cash earn-out based on reaching certain specified future revenue targets. The terms for the contingent earn-out payments in most of the Company's business acquisitions typically address revenues achieved by the acquired entity over a one, two, and/or three year period subsequent to the effective date of their acquisition by Ebix. These terms typically establish a minimum threshold revenue target with achievement of revenues recognized over that target being awarded in the form of a specified cash earn-out payment. The Company applies these terms in its calculation and determination of the fair value of contingent earn-out liabilities for purchased businesses as part of the related valuation and purchase price allocation exercise for the corresponding acquired assets and liabilities. The Company recognizes these potential obligations as contingent liabilities as reported on its consolidated balance sheets. As discussed in more detail in Note 1, these contingent consideration liabilities are recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary. During each of the years ending December 31, 2021, 2020 and 2019, these aggregate contingent accrued earn-out business acquisition consideration liabilities, were reduced by $0, $3.1 million, and $16.5 million, respectively, due to remeasurements as based on the then assessed fair value and changes in the amount and timing of anticipated future revenue levels. These reductions to the contingent accrued earn-out liabilities resulted in corresponding reductions to general and administrative expenses as reported on the consolidated statements of income. As of December 31, 2021, the total of these contingent liabilities was $2.6 million, which was included in long-term liabilities in the Company's consolidated balance sheet. As of December 31, 2020, there was no outstanding contingent earn-out liability in the Company's consolidated balance sheet. During the year ended December 31, 2021 the Company did not make any business acquisitions. During the year ended December 31, 2020 the Company completed two business acquisitions, as follows: Trimax - Effective May 4, 2020, Ebix acquired from bankruptcy India-based Trimax, which provides IT and integration services to state-owned transport corporations, operates data centers, and is an IT infrastructure solution provider, for approximately $9.9 million of upfront consideration. Additionally, Ebix issued preferred shares in Trimax to the selling shareholders that can be sold five years from the closing of the acquisition based on an independent valuation performed by a Big 4 valuation firm. The maximum potential value of the preferred shares is approximately $9.9 million. The valuation and purchase price allocation was finalized during the second quarter of 2021. AssureEdge- Effective October 1, 2020 the Company acquired a 70% interest in AssureEdge Global Services (“AssureEdge”) for a total purchase price of approximately $5.0 million, including net working capital acquired. AssureEdge is a pan-India based business process outsourcing ("BPO") company, with a variety of BPO offerings via six contact centers across the country. It serves a number of industries and clients that have cross-selling value for EbixCash services. The valuation and purchase price allocation was finalized during the third quarter of 2021. The following table summarizes the recognized intangible assets, goodwill and earn-out provisions, as a result of the cumulative valuation and purchase price allocations on effective date of acquisition, for the 2020 acquisitions: Company acquired Date acquired Goodwill Intangibles Assets Contingent Earn-Out Provision (In thousands) Trimax May-20 $ 9,930 $ 873 $ 2,560 AssureEdge Oct-20 3,192 797 — Total for 2020 acquisitions $ 13,122 $ 1,670 $ 2,560 The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed, as of the acquisition date, for acquisitions closed during 2020: 2020 (In thousands) Acquisitions Fair value of total consideration transferred Cash $ 13,774 Consideration payable 1,568 Contingent earn-out consideration arrangement (net) 2,560 Total consideration transferred 17,902 Fair value of equity components recorded (not part of consideration) Recognition of noncontrolling interest of joint ventures 1,350 Total equity components recorded 1,350 Total consideration transferred and equity components recorded $ 19,252 Fair value of assets acquired and liabilities assumed Cash, net of adjustment $ 1,358 Other current assets 2,812 Property, plant, and equipment 3,451 Other long-term assets 103 Intangible assets, definite-lived 1,670 Current and other liabilities, net of consideration transferred (3,264) Net assets acquired, excludes goodwill 6,130 Goodwill 13,122 Total net assets acquired $ 19,252 The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2020: 2020 Acquisitions Weighted Intangible asset category Fair Value Useful Life (In thousands) (In years) Customer contracts and related customer relationships* $ 1,203 8.2 Developed technology* 467 5.0 Total acquired intangible assets $ 1,670 7.3 *Purchase accounting adjustments during 2021 related to the 2020 acquisitions Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and all other prior acquisitions is as follows: Future Amortization Expenses (In thousands): For the year ended December 31, 2022 $ 9,695 For the year ended December 31, 2023 7,692 For the year ended December 31, 2024 5,934 For the year ended December 31, 2025 4,530 For the year ended December 31, 2026 3,771 Thereafter 15,173 $ 46,795

Credit Facility

Credit Facility	12 Months Ended
	Dec. 31, 2021
Debt Disclosure [Abstract]
Credit Facility	Credit Facility The Company maintains a senior secured syndicated credit facility, dated August 5, 2014, among Ebix, Inc., as borrower, its subsidiaries party thereto from time to time as guarantors, Regions Bank (As administrative agent and collateral agent) and the lenders party thereto from time to time (as amended from time to time, the "Credit Facility") that provides a $450 million revolving line of credit (the "Revolver") as well as a term loan (the "Term Loan"), which at December 31, 2021 had a balance of $212.9 million. The Credit Facility matures in February 2023. On April 9, 2021, The Company entered into Amendment No. 12 to its Credit Facility. Amendment No. 12 provided for, among other things, a waiver of any potential event of default arising under the Credit Facility from the failure to timely deliver the Company's audited consolidated financial statements and related compliance certificate for the year ended December 31, 2020, provided that there is no good faith determination by the requisite lenders under the Credit Facility of a "Material Circumstance" (as defined and further described in Amendment No. 12), which determination (if any) may only be made within a specified period described in Amendment No. 12 and is subject to certain cure rights of the Company. Amendment No. 12 also modified the applicable margin that applies from the date of the amendment forward, modified certain mandatory prepayment provisions, as well as certain other covenants related to restricted payments, investments and certain reporting requirements. On March 31, 2021, Ebix entered into Amendment No. 11 to the Credit Facility. Amendment No. 11 provided, for, among other things, a limited waiver through April 10, 2021, of any potential event of default arising under the Credit Facility from failure to deliver the Company's audited consolidated financial statements and related compliance certificate for the year ended December 31, 2020. Amendment No. 11 also modified certain covenants contained in the Credit Facility, including with respect to certain permitted restricted payments and investments. On May 7, 2020, Ebix entered into Amendment No. 10 to the Credit Facility. Amendment No. 10 provided for, among other things, increased flexibility under financial maintenance covenants, which the Company sought in part due to the unforeseen negative effects of the COVID-19 pandemic. On March 30, 2020, the Company and certain of its subsidiaries entered into a waiver related to the Credit Facility (the "Waiver"). The Waiver provided that so long as the Company’s leverage ratio is below 5.0 to 1.0 for the Company’s fiscal At December 31, 2021, the outstanding balance on the Revolver was $439.4 million and the facility carried an interest rate of 5.5%. The outstanding balance is included in the long-term liabilities section of the consolidated balance sheets. During 2021, the average and maximum outstanding balances on the Revolver were $439.4 million and $439.4 million, respectively, and the weighted average interest rate on the Revolver was 5.20%. At December 31, 2020, the outstanding balance on the Revolver was $439.4 million and the facility carried an interest rate of 3.50%. The outstanding balance on the Revolver was included in the long-term liabilities section of the consolidated balance sheets. During 2020, the Company drew $1.4 million on its Revolver. During 2020, the average and maximum outstanding balances on the Revolver were $438.9 million and $439.4 million, respectively, and the weighted average interest rate on the Revolver was 4.04%. At December 31, 2021, the outstanding balance on the Term Loan was $212.9 million, of which $28.2 million is due within the next twelve months. $42.6 million of principal payments were made on the Term Loan during 2021, of which $22.6 million were scheduled amortization payments. The Term Loan also carried an interest rate of 5.50% at December 31, 2021, and the weighted average interest rate on the Term Loan during 2021 was 5.12%. The current and long-term portions of the Term Loan are included in the respective current and long-term debt sections of the consolidated balance sheets, the amounts of which were $28.2 million and $184.6 million, respectively. During 2021, the weighted average interest rate on the Term Loan during 2021 was 5.12%. At December 31, 2020, the outstanding balance on the Term Loan was $255.5 million, of which $22.6 million was due within twelve months. This Term Loan carried an interest rate of 3.50% at December 31, 2020, and the weighted average interest rate on the Term Loan during 2020 was 4.04%. At December 31, 2021, the Company's consolidated balance sheets include $4.7 million of remaining deferred financing costs in connection with the Credit Facility, which are being amortized as a component of interest expense through the maturity of the Credit Facility in February 2023. $2.8 million of such deferred financing costs pertain to the Revolver and $1.9 million pertains to the Term Loan, of which $1.6 million is netted against the current portion of the Term Loan and $261 thousand is netted against the long-term portion of the Term Loan as reported on the consolidated balance sheets. At December 31, 2020, the Company's consolidated balance sheets included $4.9 million of remaining deferred financing costs in connection with the Credit Facility, with $2.9 million pertaining to the Revolver and $2.0 million pertaining to the Term Loan, of which $919 thousand was netted against the current portion of the Term Loan and $1.1 million was netted against the long-term portions of the Term Loan as reported on the consolidated balance sheets. The Company maintains working capital debt facilities with banks in India for working capital funding requirements to support our foreign exchange, travel and remittance businesses. We are required to extend short-term credits to franchisee networks (B2B) and corporate customers. Additionally, we are required to maintain minimum levels of foreign currency inventory across branches and airport operations. Typically, these facilities carry interest rates 9.00% to 10.00% and are rupee denominated working capital lines and are collateralized against the receivables of these businesses and existing foreign currency inventory on hand. As of December 31, 2021 and 2020, the total of these working capital facilities was $5.6 million and $16.6 million, respectively, and is included in current liabilities in the Company's consolidated balance sheets.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies — On February 22, 2021, Christine Marie Teifke, a purported purchaser of Ebix, Inc. securities, filed a putative class action in the United States District Court for the Southern District of New York on behalf of herself and others who purchased or acquired Ebix securities between November 9, 2020 and February 19, 2021. The complaint asserts claims against Ebix, Inc., Robin Raina, and Steven M. Hamil, for purported violations of Section 10(b) of the Securities Exchange Act of 1934, alleging that Ebix, Inc. made false and misleading statements and failed to disclose material adverse facts about an audit of the company's gift card business in India and its internal controls over the gift and prepaid card revenue transaction cycle. The complaint alleges that Ebix's stock price fell as a result of the revelation that Ebix's independent auditor, RSM US LLP (“RSM”), had resigned, citing concerns with the company's internal controls and disagreements over other accounting issues. The complaint also asserts a claim against Robin Raina and Steven M. Hamil for purported violations of Section 20(a) of the Exchange Act arising out of the same facts. The complaint seeks, among other relief, damages and attorneys' fees and costs. On May 11, 2021, the court issued an order appointing Rahul Saraf, another purported purchaser of Ebix, Inc. securities, as lead plaintiff in the action, and the caption in the action was changed to Saraf v. Ebix, Inc., et. al., Case No. 1:21-cv-01589-JMF (the "Class Action"). On May 14, 2021, Javier Calvo, a purported shareholder of the Company, filed a derivative action in the United States District Court for the Southern District of New York on behalf of Ebix captioned Calvo v. Raina, et. al., Case No. 21-cv-4380-JMF (the "Calvo Action"), against individual defendants Robin Raina, Steven M Hamil, Hans U. Benz, Rolf Herter, Neil D. Eckert, Pavan Bhalla, Hans Ueli Keller, and George W. Hebard, and nominal defendant Ebix asserting claims related to the RSM resignation. The complaint asserts claims of breach of fiduciary duty against all of the individual defendants, and also asserts claims under Sections 10(b) and 21D of the Securities Exchange Act of 1934 for contribution against Robin Raina and Steven M Hamil. On July 7, 2021, the court granted a stipulation and order staying the Calvo Action pending the resolution of any motion(s) to dismiss the Class Action. On July 13, 2021, Peter Votto, another purported Ebix shareholder, filed an additional derivative action in the United States District Court for the Southern District of New York on behalf of Ebix, captioned Votto v. Raina, et. al., Case No. 21-cv-5982-JMF (the "Votto Action"), asserting claims against the same defendants as the Calvo Action. The complaint asserts claims relating to the RSM resignation against all of the individual defendants for breach of fiduciary duties, unjust enrichment, waste of corporate assets, and rescission under Section 29(b) of the Securities Exchange Act of 1934, and claims for contribution under Sections 10(b) and 21D of the Securities Exchange Act of 1934 against Robin Raina and Steven M Hamil. On July 23, 2021, the court granted a stipulation and order consolidating the Calvo and Votto Actions. The July 7, 2021 order staying the Calvo Action pending the resolution of any motion(s) to dismiss the Class Action remains in effect for the consolidated Calvo and Votto Actions. On July 26, 2021, Lead Plaintiff filed an amended complaint in the Class Action, alleging similar violations of Sections 10(b) and 20(a) of the Exchange Act. On September 24, 2021, the Defendants moved to dismiss the amended complaint. On October 15, 2021, Lead Plaintiff filed a second amended complaint in the Class Action. Defendants moved to dismiss the second amended complaint and briefing on Defendants’ motion concluded on November 19, 2021. The parties await a decision from the court on the motion. Defendants deny any liability and intend to defend the action vigorously. On November 5, 2021, Daniel Lilienfeld, a purported shareholder of the Company, filed a derivative action in the United States District Court for the Northern District of Georgia on behalf of Ebix captioned Lilienfeld v. Raina, et. al., Case No. 1:21-cv-04590-ELR (the "Lilienfeld Action"), asserting claims against the same defendants as the consolidated Calvo and Votto Actions. The complaint similarly asserts a claim of breach of fiduciary duty related to the RSM resignation against all of the individual defendants. On January 17, 2022, the parties filed a joint motion to stay the Lilienfeld Action pending the resolution of the motion to dismiss the Class Action. On January 18, 2022, the court issued an order denying the motion in favor of administratively closing the case pending a ruling on Defendants’ motion to dismiss the Class Action. On December 29, 2021, Sunil Shah, a purported shareholder of the Company, filed a derivative action in the Superior Court of Fulton County of the State of Georgia on behalf of Ebix captioned Shah v. Raina, et. al., Civil Action File No. 2022-cv-358481 (the "Shah Action") against the same defendants as the Calvo, Votto, and Lilienfeld Actions. The complaint similarly asserts a claim of breach of fiduciary duty related to the RSM resignation against all of the individual defendants. Defendants deny any liability and intend to defend the action vigorously. On July 16, 2019, Yatra Online, Inc. ("Yatra"), Ebix, Inc. ("Ebix"), and EbixCash Travels, Inc. ("Merger Sub") entered into a Merger Agreement. On May 14, 2020, Yatra entered into an agreement with Ebix and Merger Sub extending the outside date of the Merger Agreement (the "Extension Agreement"). On June 5, 2020, Yatra terminated the Merger Agreement and filed a complaint in the Delaware Court of Chancery against Ebix and Merger Sub (the "Complaint") in the action captioned Yatra Online, Inc. v. Ebix, Inc., et al., 2020-0444-JRS (Del. Ch.). On September 25, 2020, Yatra amended the Complaint and added as a defendant each financial institution (each, a “Defendant Lender”) party to that certain credit facility between them and Ebix, most recently amended on May 7, 2020 (the “Credit Facility”). The Complaint, as amended, alleged that Ebix and Merger Sub breached certain representations, warranties, and covenants contained in the Merger Agreement and the Extension Agreement and that Ebix negotiated in bad faith. The amended Complaint also alleged fraudulent actions by Ebix and the Defendant Lenders arising from certain terms of the Credit Facility and tortious interference with the closing of the Merger Agreement by Ebix and the Defendant Lenders. The Complaint seeks, among other relief, damages, pre-judgment and post-judgment interest, and attorneys' fees and costs. On December 23, 2020, the defendants filed motions to dismiss the amended Complaint and opening briefs in support thereof. Briefing on defendants' motions to dismiss concluded on February 9, 2021. On August 30, 2021, the court granted defendants' motions to dismiss and dismissed the amended Complaint in its entirety ("the Dismissal"). On September 17, 2021, Yatra filed a notice of appeal of the Dismissal to the Supreme Court of the State of Delaware. Briefing on Yatra’s appeal of the Dismissal concluded on December 17, 2021. Ebix and Merger Sub deny any liability and intend to defend the action vigorously. On May 12, 2017, Ebix Software India Pvt. Ltd. (“Ebixcash”) entered into several agreements with the most prominent shareholders of Itz Cash Card Limited (“Itz”), the most relevant among these a stock purchase agreement (the “SPA”), to purchase a majority ownership stake in Itz. Further, as part of the overall purchase of Itz, a share purchase agreement between Ebixcash and individual ESOP holders of Itz was entered into on July 7, 2017 (the “ESOP SPA”) (with the SPA, the ESOP SPA and the other purchase documents, collectively, the “Transaction Documents”). Part of the consideration for Ebixcash’s purchase of Itz consisted of two individual potential earn-out payments, the first for the period for the year ended March 31, 2019 (the “First Earn-Out”) and the second for the following year, ending on March 31, 2020 (the “Second Earn-Out”). Neither the First Earn-Out nor the Second Earn-Out were achieved pursuant to the terms of the SPA. After correspondence between the parties between September 2019 and May 2020, the former shareholders of Itz (“Sellers”) sent Ebixcash notices of arbitration (“NOAs”) under which they were availing themselves of the arbitration dispute provisions set forth in the Transaction Documents. Apart from the amounts claimed owed under the earn-out provisions, the Sellers also alleged in the NOAs other violations of the terms of the Transaction Documents, including, certain non-competition and restricted matter approval violations. The matter is under Arbitration in accordance with the rules of the Singapore International Arbitration Centre. The Company believes that each of the Sellers claims is without merit and continues to defend its position vigorously. The Company believes that Ebixcash has several viable counterclaims related to improper termination of the Transaction Documents and violation of non-compete provisions. The Company is involved in various other claims and legal actions arising in the ordinary course of business, which in the opinion of management, the ultimate likely disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity. Lease Commitments — See Note 18 . Business Acquisition Earn-Out Contingencies — A significant component of the purchase price consideration for many of the Company's business acquisitions is a potential future cash earn-out based on reaching certain specified future revenue targets. The terms for the contingent earn-out payments in most of the Company's business acquisitions typically address the GAAP recognizable revenues achieved by the acquired entity over a one, two, and/or three year period subsequent to the effective date of their acquisition by Ebix. These terms typically establish a minimum threshold revenue target with achievement of revenues recognized over that target being awarded in the form of a specified cash earn-out payment. The Company applies these terms in its calculation and determination of the fair value of contingent earn-out liabilities for purchased businesses as part of the related valuation and purchase price allocation exercise for the corresponding acquired assets and liabilities. As of December 31, 2021, the total of these contingent liabilities was $2.6 million, which was included in long-term liabilities in the Company's consolidated balance sheet. As of December 31, 2020, there was no outstanding contingent earn-out liability in the Company's consolidated balance sheet. Self-Insurance — For some of the Company’s U.S. employees the Company has a self-insured plan for its health insurance program and has an individual specific stop loss policy that limits the liability on each covered individual to $150 thousand per person with an additional aggregating specific of $45,000. There is an overall aggregate liability policy covering all claims in excess of 125% of the expected claims based upon the number of participants and historical claims. As of December 31, 2021 and 2020, the amount accrued on the Company’s consolidated balance sheets for the self-insured component of the Company’s employee health insurance was $498 thousand and $345 thousand, respectively. The maximum potential estimated cumulative liability for the annual contract period, which ends in September 2022, is $4.6 million. During the years ended December 31, 2021 and 2020, the Company recognized $2.5 million, and $1.8 million of expense, respectively, associated with claims from its self-insured health insurance program. Gratuity Leave — In accordance with Indian law, we pay gratuity to our eligible employees in India. Under our gratuity plan, an employee is entitled to receive a gratuity payment on the termination of his or her employment if the employee has rendered continuous service to our company for not less than five years, or if the termination of employment is due to death or disability. The amount of gratuity payable to an eligible employee is based on number of years of employment and is limited to a maximum of $28 thousand per employee. As of December 31, 2021 and 2020, the amount accrued on the Company’s consolidated balance sheets for gratuity leave was $3.8 million and $4.3 million, respectively.

Share-Based Compensation

Share-Based Compensation	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Share-Based Compensation	Share-Based Compensation Stock Options —The Company accounts for compensation expense associated with stock options issued to employees, Directors, and non-employees based on their fair value, which is calculated using an option pricing model, and is recognized over the service period, which is usually the vesting period. At December 31, 2021, the Company had two equity based compensation plans. No stock options were granted to employees or non-employees during 2021, 2020, and 2019; however, options were granted to Directors in 2021, 2020, and 2019. Stock compensation expense of $539 thousand, $517 thousand and $537 thousand was recognized during the years ending December 31, 2021, 2020, and 2019, respectively, on outstanding and unvested options. The fair value of options granted during 2021 is estimated on the date of grant using a Black-Scholes option pricing model. The following table includes the weighted-average assumptions used in estimating the fair values and the resulting weighted-average fair value of stock options granted in the periods presented: Year Ended December 31, 2021 2020 2019 Weighted average fair values of stock options granted $ 15.53 $ 15.58 $ 12.68 Expected volatility 77.1 % 64.7 % 36.0 % Expected dividends .99 % .84 % .65 % Weighted average risk-free interest rate .93 % .24 % 1.72 % Expected life of stock options (in years) 3.5 3.5 3.5 A summary of stock option activity for the years ended December 31, 2021, 2020, and 2019 is as follows: Shares Weighted Weighted Aggregate Intrinsic (In thousands) Outstanding at January 1, 2019 162,000 $ 42.75 3.05 $ — Granted 66,000 $ 46.75 Exercised — $ — Canceled (10,125) $ 46.66 Outstanding at December 31, 2019 217,875 $ 43.78 2.60 $ — Granted 36,000 $ 35.70 Exercised (30,000) $ 21.19 Canceled (6,000) $ 28.59 Outstanding at December 31, 2020 217,875 $ 45.97 2.57 $ — Granted 42,000 $ 30.40 Exercised — $ — Canceled (40,875) $ 49.22 Outstanding at December 31, 2021 219,000 $ 42.38 2.80 $ — Exercisable at December 31, 2021 114,000 $ 47.43 1.84 $ — The aggregate intrinsic value for stock options outstanding and exercisable is defined as the difference between the market value of the Company’s stock as of the end of the period and the exercise price of the stock options. The total intrinsic value of stock options exercised during 2021, 2020, and 2019 was zero , $341 thousand and zero , respectively. Cash received or the value of stocks canceled from option exercises under all share-based payment arrangements for the years ended December 31, 2021, 2020, and 2019, was zero , $127 thousand and zero , respectively. A summary of non-vested options and changes for the years ended December 31, 2021, 2020 and 2019 is as follows: Non-Vested Number of Shares Weighted Non-vested balance at January 1, 2019 81,750 $ 47.21 Granted 66,000 $ 46.75 Vested (28,875) $ 48.46 Canceled (10,125) $ 46.66 Non-vested balance at December 31, 2019 108,750 $ 46.65 Granted 36,000 $ 35.70 Vested (42,000) $ 47.66 Canceled — $ — Non-vested balance at December 31, 2020 102,750 $ 42.40 Granted 42,000 $ 30.40 Vested (39,750) $ 44.24 Canceled — $ — Non-vested balance at December 31, 2021 105,000 $ 36.90 The following table summarizes information about stock options outstanding by price range as of December 31, 2021: Options Outstanding Options Exercisable Exercise Prices Number Outstanding Weighted-Average Remaining Contractual Life (Years) Weighted-Average Exercise Price Number of Shares Weighted-Average Exercise Price $30.40 42,000 0.94 $ 5.83 — $ — $35.70 36,000 0.65 $ 5.87 9,000 $ 2.82 $41.60 36,000 0.45 $ 6.84 20,250 $ 7.39 $42.56 36,000 0.33 $ 6.99 27,000 $ 10.08 $52.92 30,000 0.33 $ 7.25 18,750 $ 8.70 $53.90 39,000 0.09 $ 9.60 39,000 $ 18.44 219,000 2.80 $ 42.38 114,000 $ 47.43 Restricted Stock —Pursuant to the Company’s restricted stock agreements, the restricted stock granted generally vests as follows: one third after one year, and the remaining in eight equal quarterly installments. The restricted stock also vests with respect to any unvested shares upon the applicable employee’s death, disability or retirement, the Company’s termination of the employee other than for cause, or for a change in control of the Company. A summary of the status of the Company’s non-vested restricted stock grant shares is presented in the following table: Shares Weighted-Average Grant Date Non-vested at January 1, 2019 40,416 $ 58.60 Granted 91,658 $ 50.54 Vested (24,120) $ 57.14 Forfeited — $ — Non-vested at December 31, 2019 107,954 $ 52.08 Granted 388,089 $ 24.37 Vested (68,504) $ 52.49 Forfeited — $ — Non-vested at December 31, 2020 427,539 $ 26.86 Granted 8,979 $ 27.84 Vested (213,993) $ 29.08 Forfeited — $ — Non-vested at December 31, 2021 222,525 $ 24.76 In the aggregate the total compensation expense recognized in connection with the restricted grants was $4.8 million, $4.3 million, and $2.9 million during each of the years ending December 31, 2021, 2020, and 2019, respectively. As of December 31, 2021, there was $4.5 million of total unrecognized compensation cost related to non-vested share based compensation arrangements granted under the 2006, 2010 and 2020 Incentive Compensation Programs. That cost is expected to be recognized over a weighted-average period of 1.47 years. The total fair value of shares vested during the years ended December 31, 2021, 2020, and 2019 was $6.2 million, $3.6 million, and $1.4 million, respectively. As of December 31, 2021, the Company has 8.6 million shares of common stock reserved for possible future stock option and restricted stock grants.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The income tax expense (benefit) consists of the following: Year Ended December 31, 2021 2020 2019 (In thousands) Current: US federal $ 3,480 $ (249) $ 1,378 US state 250 (406) 909 Non US 13,219 10,681 12,861 16,949 10,026 15,148 Deferred: US federal (4,802) (1,220) (3,781) US state (1,288) (657) (3,107) Non US (4,275) (2,819) (8,040) (10,365) (4,696) (14,928) Total $ 6,584 $ 5,330 $ 220 Income (loss) before income taxes includes the following components: Year Ended December 31, 2021 2020 2019 (In thousands) US $ (33,311) $ (27,528) $ (47,574) Non US 106,834 121,685 138,365 Total $ 73,523 $ 94,157 $ 90,791 A reconciliation of the statutory federal income tax rate to the effective income tax rate consists of the following: Year Ended December 31, 2021 2020 2019 Statutory US federal income tax rate 21.0 % 21.0 % 21.0 % US state income taxes, net of federal benefit (1.1) % (0.9) % (2.3) % Non-US tax rate differential (3.2) % (12.2) % (13.6) % GILTI Related 13.7 % 12.5 % 18.6 % Tax holidays (14.3) % (4.0) % (6.0) % Tax Credits (9.5) % (10.0) % (15.0) % Passive income exemption — % (0.4) % (1.2) % Acquisition contingent earn-out liability adjustments — % (0.7) % (4.0) % Nondeductible items 0.9 % 2.0 % 1.0 % Effect of valuation allowance 0.6 % (1.2) % 1.2 % Prior year Transition Tax and related true-ups 1.4 % 0.5 % 0.7 % Uncertain tax positions (0.5) % (1.0) % (0.1) % Other — % — % (0.1) % Effective income tax rate 9.0 % 5.7 % 0.2 % The Company's effective tax rate increased to 9.0% in 2021, compared with 5.7% in 2020. The increase in effective tax rate in 2021 is primarily related to the release of valuation allowance on expired domestic loss carryforwards and greater impact of GILTI related items. Deferred tax assets and liabilities are comprised of the following: December 31, 2021 December 31, 2020 Deferred Deferred Assets Liabilities Assets Liabilities (In thousands) Depreciation and amortization $ — $ 6,424 $ — $ 3,450 Share-based compensation 307 — 451 — Accruals and prepaids 5,613 — 6,586 — Bad debts 6,139 — 2,727 — Acquired intangible assets — 12,509 — 13,071 Net operating loss carryforwards 37,242 — 33,247 — Tax credit carryforwards (primarily Minimum Alternative Tax ("MAT") in India) 53,995 — 48,669 — 103,296 18,933 91,680 16,521 Valuation allowance (999) — (2,160) — Total deferred taxes $ 102,297 $ 18,933 $ 89,520 $ 16,521 We have US Federal, state and foreign operating losses and credit carryforwards as follows: Year Ended December 31, 2021 2020 (In thousands) US Federal loss carryforwards $ 52,544 $ 55,029 US state loss carryforwards 85,635 79,907 Foreign loss carryforwards 90,826 73,922 US Federal credit carryforwards 7,144 1,818 Foreign credit carryforwards 46,851 46,851 The US federal and state operating loss carryforwards expire at varying dates through 2025. The federal credits begin to expire in 2028. We also have non-U.S. tax credits (primarily MAT paid in India) carried forward of approximately $46.9 million as of December 31, 2021, which is available for set-off against the future tax liability of certain Indian operations on a staggered basis over a period up-to fifteen years. On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was enacted in the United States. The CARES Act provides numerous tax provisions and other stimulus measures, including temporary changes regarding the prior and future utilization of net operating losses, temporary suspension of certain payment requirements for the employer portion of Social Security taxes, technical corrections from prior tax legislation for tax depreciation of certain qualified improvement property, and the creation of certain refundable employee retention credits. The Company evaluated the provisions of the CARES Act and does not anticipate the associated impacts, if any, will have a material effect on the Company’s provision for income taxes for the year ended December 31, 2021. The Company has not recognized a deferred U.S. tax liability and associated income tax expense for the undistributed earnings of its foreign subsidiaries which we consider indefinitely invested because those foreign earnings will remain permanently reinvested in those subsidiaries to fund ongoing operations and growth. Upon distribution of those earnings in the form of dividends or otherwise, we may be subject to income taxes and withholding taxes payable in various jurisdictions, which could potentially be partially offset by foreign tax credits. At December 31, 2021, the cumulative amount of the Company’s undistributed foreign earnings was approximately $864.6 million, inclusive of income previously taxed in the United States. The following table summarizes the activity related to provision made by the Company in the books for uncertain tax positions: Year Ended December 31, 2021 2020 2019 (In thousands) Beginning Balance $ 8,291 $ 9,199 $ 9,294 Additions for tax positions related to current year — — — Additions for tax positions of prior years 769 966 195 Reductions for tax position of prior years (2,860) (1,874) (290) Ending Balance $ 6,200 $ 8,291 $ 9,199 The Company recognizes estimated interest accrued and/or penalties related to uncertain tax positions as part of the income tax expense provided for such positions. The Company accrued as of December 31, 2021 and 2020 approximately $2.3 million and $3.0 million, respectively, of estimated interest and penalties related to uncertain tax positions. These amounts are included in the December 31, 2021 and 2020 balances in the preceding table of $6.2 million and $8.3 million, respectively, which is included in other long-term liabilities in the accompanying consolidated balance sheets. We file income tax returns in the US federal, many US state and local jurisdictions, and certain foreign jurisdictions. We have substantially resolved all US federal income tax matters for tax years prior to 2014. Our state and foreign tax matters may remain open from 2009 forward.

Stock Repurchases

Stock Repurchases	12 Months Ended
	Dec. 31, 2021
Stock Repurchases [Abstract]
Stock Repurchases	Stock Repurchases Effective February 6, 2017, the Company's Board of Directors unanimously approved and authorized a share repurchase plan of $150.0 million. The Board directed that the repurchases be funded with available cash balances and cash generated by the Company's operating activities. The aggregate amount of repurchases of the Company's equity shares is limited by restrictive covenants contained in our Credit Facility. The Company's share repurchase plan’s terms have been structured to comply with the SEC’s Rule 10b-18, and are subject to market conditions and applicable legal requirements. The program does not obligate the Company to acquire any specific number of shares and may be suspended or terminated at any time. All purchases are made in the open market. Treasury stock is recorded at its acquired cost. During 2021 and 2020, there were no stock repurchases under the plan. As of December 31, 2021, the Company had $80.1 million remaining in its current Board of Directors-approved share repurchase program.

Accounts Payable and Accrued Ex

Accounts Payable and Accrued Expenses	12 Months Ended
	Dec. 31, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accounts Payable and Accrued Expenses	Accounts Payable and Accrued Expenses Accounts payable and accrued expenses at December 31, 2021 and 2020, consisted of the following: 2021 2020 (In thousands) Trade accounts payable $ 70,514 $ 56,636 Accrued professional fees 2,526 1,268 Income taxes payable* 1,767 3,429 Sales taxes payable 3,802 3,431 Other accrued liabilities 7,572 — Total $ 86,181 $ 64,764 * Long-term portion of income taxes payable pertaining to the 2017 Tax Cuts and Jobs Act one-time transition tax totaling $13.3 million and $15.0 million, as of December 31, 2021 and 2020, respectively, is included in other liabilities in the Company's consolidated balance sheets.

Other Current Assets

Other Current Assets	12 Months Ended
	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Other Current Assets	Other Current Assets Other current assets at December 31, 2021 and 2020, consisted of the following: 2021 2020 (In thousands) Prepaid expenses $ 70,520 $ 57,017 Sales taxes receivable from customers 5,058 4,588 Other third party receivables 3,921 3,530 Short-term portion of capitalized costs to obtain and fulfill contracts 910 646 Credit card merchant account balance receivable 681 848 Accrued interest receivable 206 355 Other 3,093 4,677 Total $ 84,389 $ 71,661

Other Current Liabilities

Other Current Liabilities	12 Months Ended
	Dec. 31, 2021
Other Liabilities, Current [Abstract]
Other Current Liabilities	Other Current Liabilities Other current liabilities at December 31, 2021 and December 31, 2020 consisted of the following: 2021 2020 (In thousands) Acquisition obligations (contingent consideration) $ 2,444 $ 2,443 Customer advances (deposits) 24,393 25,043 Total $ 26,837 $ 27,486

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment Property and equipment at December 31, 2021 and 2020 consisted of the following: 2021 2020 (In thousands) Computer equipment $ 27,300 $ 26,357 Buildings 28,569 26,564 Land 10,320 10,386 Land improvements 7,195 7,195 Leasehold improvements 1,105 763 Furniture, fixtures and other 7,379 7,271 81,868 78,536 Less accumulated depreciation and amortization (27,509) (26,015) $ 54,359 $ 52,521 Depreciation expense was $4.8 million, $4.2 million and $4.3 million, for the years ended December 31, 2021, 2020, and 2019, respectively.

Cash Option Profit Sharing Plan

Cash Option Profit Sharing Plan and Trust	12 Months Ended
	Dec. 31, 2021
Cash Option Profit Sharing Plan and Trust [Abstract]
Cash Option Profit Sharing Plan and Trust	Cash Option Profit Sharing Plan and TrustThe Company maintains a 401(k) Cash Option Profit Sharing Plan, for our U.S. based employees, which allows participants to contribute a percentage of their compensation to the Profit Sharing Plan and Trust up to the Federal maximum. The Company matches 100% of an employee’s first 1% contributed and 50% on the next 1% contributed by an employee. Accordingly, the Company’s contributions to the Plan were $417 thousand, $508 thousand and $557 thousand for the years ending December 31, 2021, 2020, and 2019, respectively.We maintain employee benefit plans in the form of certain statutory and incentive plans covering substantially all of our India based employees. In accordance with Indian law, all of our employees in India are entitled to receive benefits under the Employees' Provident Fund Scheme, 1952, as amended, a retirement benefit scheme under which an amount equal to 12% of the basic salary of an employee is contributed both by the employer and the employee in a government fund. For the years ending December 31, 2021, 2020, and 2019, the aggregate amount set aside or accrued by us to provide for pension or retirement benefits for all of our employees, which amount consists of the Provident Fund was $4.0 million, $2.6 million, and $4.2 million, respectively.

Geographic Information

Geographic Information	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Geographic Information	Geographic InformationThe Company operates within one operating and one reportable segment whose results are regularly reviewed by the Company's CEO, its chief operating decision maker, as to operating performance and the allocation of resources. External customer revenues in the tables below were attributed to a particular country based on whether the customer had a direct contract with the Company which was executed in that particular country for the sale of the Company's products/services with an Ebix subsidiary located in that country. The following enterprise wide information relates to the Company's geographic locations: Year ended December 31, 2021 2020 2019 External Revenues Long-lived assets External Revenues Long-lived assets External Revenues Long-lived assets (In thousands) India* $ 755,543 $ 693,709 $ 378,660 $ 698,936 $ 300,678 $ 700,986 United States 155,346 377,305 166,320 381,782 182,530 395,225 Australia 37,820 2,928 33,846 3,581 33,268 3,541 Europe 16,366 23,304 13,145 22,900 14,695 24,508 Latin America 12,901 12,696 14,801 13,723 19,755 17,176 Canada* 5,333 5,886 4,383 6,930 4,805 7,012 Singapore* 3,875 17,260 3,969 19,336 6,549 18,282 New Zealand 2,007 367 1,804 513 1,955 578 United Arab Emirates* 1,982 54,254 3,335 54,789 683 54,887 Indonesia* 1,981 95 3,206 139 9,706 117 Philippines* 1,784 1,824 2,140 661 5,991 729 Mauritius* — 4,663 — 4,665 — 4,643 $ 994,938 $ 1,194,291 $ 625,609 $ 1,207,955 $ 580,615 $ 1,227,684 *Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2021
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions As discussed in Note 16 " Investment in Joint Ventures", Vayam Technologies Ltd ("Vayam") is also a customer of Ebix Vayam Limited JV, and during the twelve months ending December 31, 2021 and 2020, Ebix Vayam Limited JV recognized $784 thousand and $667 thousand of revenue from Vayam, respectively. As of December 31, 2021 and 2020, Vayam had $17.0 million and $20.5 million, respectively, of accounts receivable with Ebix Vayam Limited JV. Also, as discussed in Note 16 " Investment in Joint Ventures", in regards to EbixHealth JV it was concluded that the customer relationship with IHC, our joint venture partner, to be by its nature, a related party.

Investment in Joint Ventures

Investment in Joint Ventures	12 Months Ended
	Dec. 31, 2021
Equity Method Investments and Joint Ventures [Abstract]
Investment in Joint Ventures	Investment in Joint Ventures Effective February 7, 2016, Ebix and Vayam Technologies Ltd ("Vayam") formed a joint venture named Ebix Vayam Limited JV. This joint venture was established to carry out IT projects in the government sector of the country of India, particularly in regards to the implementation of e-governance projects in the areas of education and healthcare. Ebix has a 51% equity interest in the joint venture, and Vayam has a 49% equity interest in the joint venture. Ebix is fully consolidating the operations of Ebix Vayam Limited JV into the Company's consolidated financial statements and separately reporting the Vayam minority, non-controlling interest in the joint venture's net income and equity. Vayam is also a customer of Ebix Vayam Limited JV, and during the twelve months ending December 31, 2021 and 2020, Ebix Vayam Limited JV recognized $784 thousand and $667 thousand, respectively, of revenue from Vayam. As of December 31, 2021, Ebix Vayam Limited JV had $17.0 million of accounts receivable with Vayam, net of the estimated allowance for doubtful accounts receivable in the amount of $7 million. As of December 31, 2020, Ebix Vayam Limited JV had $20.5 million of accounts receivable with Vayam, net of the estimated allowance for doubtful accounts receivable in the amount of $11.3 million. Effective September 1, 2015, Ebix and IHC formed a joint venture named EbixHealth JV. This joint venture was established to promote and market a best practices administration data exchange for health and pet insurance lines of business nationally. Ebix has a 51% equity interest in the joint venture and IHC has a 49% equity interest in the joint venture. IHC is also

Capitalized Software Developmen

Capitalized Software Development Costs	12 Months Ended
	Dec. 31, 2021
Capitalized Software Development Costs [Abstract]
Capitalized Software Development Costs	Capitalized Software Development Costs In accordance with ASC 350-40 “ Internal-Use Software ” and/or ASC 350-985 “ Software ” the Company has capitalized certain software and product related development costs associated with the Company’s continuing medical education service offerings, development of Property and Casualty (P&C) underwriting insurance data exchange platform servicing the London markets; development of EbixCash’s SaaS based Asset Management and Collection platforms having global application; development of EbixCash’s single-sign on agent and customer portal, including mobile application, and content development work related to E-Learning division of EbixCash. During the year ended December 31, 2021 and 2020, the Company capitalized $5.7 million and $4.2 million, respectively, of such development costs. As of December 31, 2021 and 2020, a total of $21.6 million and $19.4 million, respectively, of remaining unamortized development costs are reported on the Company’s consolidated balance sheets. During the year ended December 31, 2021 and 2020, the Company recognized $3.3 million and $3.4 million, respectively, of amortization expense with regards to these capitalized software development costs, which is included in costs of services provided in the Company’s consolidated statements of income. The capitalized continuing medical education product costs are being amortized using a three-year to five-year straight-line methodology and certain continuing medical education products costs are immediately expensed. The capitalized software development costs for the property and casualty underwriting insurance data exchange platform are being amortized over a period of five years. The capitalized software development costs related to EbixCash products mentioned above shall be amortized over a period of five years once the platforms / products are rolled out in the market.

Leases

Leases	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Leases	Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This accounting guidance is intended to improve financial reporting about leasing transactions. The ASU requires organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee is required to recognize assets and liabilities for leases with lease terms of more than twelve months. Consistent with former GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike the legacy guidance, which requires only financing leases to be recognized on the balance sheet, the new ASU requires both types of leases (i.e., operating and financing) to be recognized on the balance sheet. The financing lease will be accounted for in substantially the same manner as capital leases were accounted for under the previous guidance. For operating leases, there is now the recognition of a lease liability and a lease asset for all such leases greater than one year in term. The Company adopted Topic 842 effective January 1, 2019, using a modified retrospective method and did not restate comparative periods. The Company elected to adopt the package of practical expedients; accordingly, the Company retained the lease classification and initial direct costs for any leases that existed prior to adoption and we did not revisit whether any existing or expired contracts contain leases. The Company has operating and finance leases for office space, retail, data centers and certain office equipment with expiration dates ranging through 2031, with various renewal options. Only renewal options that were reasonably assured to be exercised are included in the lease liability. As of December 31, 2021, the maturity of lease liabilities under Topic 842 are as follows: Year Operating Leases Financing Leases Total (In thousands) 2022 $ 3,583 $ 207 $ 3,790 2023 3,180 158 3,338 2024 1,833 133 1,966 2025 1,228 19 1,247 2026 460 — 460 Thereafter 1,079 — 1,079 Total 11,363 517 11,880 Less: present value discount* (1,051) (38) (1,089) Present value of lease liabilities 10,312 479 10,791 Less: current portion of lease liabilities (3,173) (185) (3,358) Total long-term lease liabilities $ 7,139 $ 294 $ 7,433 * The discount rate used was the relevant incremental borrowing rate in each of the jurisdictions The company's net assets recorded under operating and finance leases were $10 million as of December 31, 2021. The lease cost recognized in our consolidated statements of income in the category of general and administrative, is summarized as follows: Year Ended December 31, (In thousands) 2021 2020 Operating Lease Cost $ 4,860 $ 7,051 Finance Lease Cost: Amortization of Lease Assets 194 161 Interest on Lease liabilities 35 39 Finance Lease Cost 229 200 Sublease Income (118) (476) Total Net Lease Cost $ 4,971 $ 6,775 Other information about lease amounts recognized in our consolidated statement of income is summarized as follows: December 31, 2021 Weighted Average Lease Term - Operating Leases 4.24 years Weighted Average Lease Term - Finance Leases 2.79 years Weighted Average Discount Rate - Operating Leases 7.00 % Weighted Average Discount Rate - Finance Leases 6.39 % Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2021 were as follows: Year Operating Leases Financing Leases (In thousands) 2022 $ 3,583 $ 207 2023 3,180 158 2024 1,833 133 2025 1,228 19 2026 460 — Thereafter 1,079 — Total $ 11,363 $ 517 Less: sublease income (118) Net lease payments $ 11,245 Less: amount representing interest 35 Present value of obligations under financing leases $ 552 Less: current portion (185) Long-term obligations $ 367 As of December 31, 2021, our lease liability of $10.8 million does not include certain arrangements, which are primarily airport leases that do not meet the definition of a lease under Topic 842. Such arrangements represent further commitments of approximately $34.4 million as follows: Year Commitments (In thousands) 2022 $ 17,406 2023 16,996 Thereafter — Total $ 34,402 three
Leases	Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842). This accounting guidance is intended to improve financial reporting about leasing transactions. The ASU requires organizations that lease assets referred to as “Lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. An organization is to provide disclosures designed to enable users of financial statements to understand the amount, timing, and uncertainty of cash flows arising from leases. These disclosures include qualitative and quantitative requirements concerning additional information about the amounts recorded in the financial statements. Under the new guidance, a lessee is required to recognize assets and liabilities for leases with lease terms of more than twelve months. Consistent with former GAAP, the recognition, measurement, and presentation of expenses and cash flows arising from a lease by a lessee primarily will depend on its classification as a finance or operating lease. However, unlike the legacy guidance, which requires only financing leases to be recognized on the balance sheet, the new ASU requires both types of leases (i.e., operating and financing) to be recognized on the balance sheet. The financing lease will be accounted for in substantially the same manner as capital leases were accounted for under the previous guidance. For operating leases, there is now the recognition of a lease liability and a lease asset for all such leases greater than one year in term. The Company adopted Topic 842 effective January 1, 2019, using a modified retrospective method and did not restate comparative periods. The Company elected to adopt the package of practical expedients; accordingly, the Company retained the lease classification and initial direct costs for any leases that existed prior to adoption and we did not revisit whether any existing or expired contracts contain leases. The Company has operating and finance leases for office space, retail, data centers and certain office equipment with expiration dates ranging through 2031, with various renewal options. Only renewal options that were reasonably assured to be exercised are included in the lease liability. As of December 31, 2021, the maturity of lease liabilities under Topic 842 are as follows: Year Operating Leases Financing Leases Total (In thousands) 2022 $ 3,583 $ 207 $ 3,790 2023 3,180 158 3,338 2024 1,833 133 1,966 2025 1,228 19 1,247 2026 460 — 460 Thereafter 1,079 — 1,079 Total 11,363 517 11,880 Less: present value discount* (1,051) (38) (1,089) Present value of lease liabilities 10,312 479 10,791 Less: current portion of lease liabilities (3,173) (185) (3,358) Total long-term lease liabilities $ 7,139 $ 294 $ 7,433 * The discount rate used was the relevant incremental borrowing rate in each of the jurisdictions The company's net assets recorded under operating and finance leases were $10 million as of December 31, 2021. The lease cost recognized in our consolidated statements of income in the category of general and administrative, is summarized as follows: Year Ended December 31, (In thousands) 2021 2020 Operating Lease Cost $ 4,860 $ 7,051 Finance Lease Cost: Amortization of Lease Assets 194 161 Interest on Lease liabilities 35 39 Finance Lease Cost 229 200 Sublease Income (118) (476) Total Net Lease Cost $ 4,971 $ 6,775 Other information about lease amounts recognized in our consolidated statement of income is summarized as follows: December 31, 2021 Weighted Average Lease Term - Operating Leases 4.24 years Weighted Average Lease Term - Finance Leases 2.79 years Weighted Average Discount Rate - Operating Leases 7.00 % Weighted Average Discount Rate - Finance Leases 6.39 % Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2021 were as follows: Year Operating Leases Financing Leases (In thousands) 2022 $ 3,583 $ 207 2023 3,180 158 2024 1,833 133 2025 1,228 19 2026 460 — Thereafter 1,079 — Total $ 11,363 $ 517 Less: sublease income (118) Net lease payments $ 11,245 Less: amount representing interest 35 Present value of obligations under financing leases $ 552 Less: current portion (185) Long-term obligations $ 367 As of December 31, 2021, our lease liability of $10.8 million does not include certain arrangements, which are primarily airport leases that do not meet the definition of a lease under Topic 842. Such arrangements represent further commitments of approximately $34.4 million as follows: Year Commitments (In thousands) 2022 $ 17,406 2023 16,996 Thereafter — Total $ 34,402 three

Working Capital Facilities

Working Capital Facilities	12 Months Ended
	Dec. 31, 2021
Working Capital Facility [Abstract]
Working Capital Facilities	Credit Facility The Company maintains a senior secured syndicated credit facility, dated August 5, 2014, among Ebix, Inc., as borrower, its subsidiaries party thereto from time to time as guarantors, Regions Bank (As administrative agent and collateral agent) and the lenders party thereto from time to time (as amended from time to time, the "Credit Facility") that provides a $450 million revolving line of credit (the "Revolver") as well as a term loan (the "Term Loan"), which at December 31, 2021 had a balance of $212.9 million. The Credit Facility matures in February 2023. On April 9, 2021, The Company entered into Amendment No. 12 to its Credit Facility. Amendment No. 12 provided for, among other things, a waiver of any potential event of default arising under the Credit Facility from the failure to timely deliver the Company's audited consolidated financial statements and related compliance certificate for the year ended December 31, 2020, provided that there is no good faith determination by the requisite lenders under the Credit Facility of a "Material Circumstance" (as defined and further described in Amendment No. 12), which determination (if any) may only be made within a specified period described in Amendment No. 12 and is subject to certain cure rights of the Company. Amendment No. 12 also modified the applicable margin that applies from the date of the amendment forward, modified certain mandatory prepayment provisions, as well as certain other covenants related to restricted payments, investments and certain reporting requirements. On March 31, 2021, Ebix entered into Amendment No. 11 to the Credit Facility. Amendment No. 11 provided, for, among other things, a limited waiver through April 10, 2021, of any potential event of default arising under the Credit Facility from failure to deliver the Company's audited consolidated financial statements and related compliance certificate for the year ended December 31, 2020. Amendment No. 11 also modified certain covenants contained in the Credit Facility, including with respect to certain permitted restricted payments and investments. On May 7, 2020, Ebix entered into Amendment No. 10 to the Credit Facility. Amendment No. 10 provided for, among other things, increased flexibility under financial maintenance covenants, which the Company sought in part due to the unforeseen negative effects of the COVID-19 pandemic. On March 30, 2020, the Company and certain of its subsidiaries entered into a waiver related to the Credit Facility (the "Waiver"). The Waiver provided that so long as the Company’s leverage ratio is below 5.0 to 1.0 for the Company’s fiscal At December 31, 2021, the outstanding balance on the Revolver was $439.4 million and the facility carried an interest rate of 5.5%. The outstanding balance is included in the long-term liabilities section of the consolidated balance sheets. During 2021, the average and maximum outstanding balances on the Revolver were $439.4 million and $439.4 million, respectively, and the weighted average interest rate on the Revolver was 5.20%. At December 31, 2020, the outstanding balance on the Revolver was $439.4 million and the facility carried an interest rate of 3.50%. The outstanding balance on the Revolver was included in the long-term liabilities section of the consolidated balance sheets. During 2020, the Company drew $1.4 million on its Revolver. During 2020, the average and maximum outstanding balances on the Revolver were $438.9 million and $439.4 million, respectively, and the weighted average interest rate on the Revolver was 4.04%. At December 31, 2021, the outstanding balance on the Term Loan was $212.9 million, of which $28.2 million is due within the next twelve months. $42.6 million of principal payments were made on the Term Loan during 2021, of which $22.6 million were scheduled amortization payments. The Term Loan also carried an interest rate of 5.50% at December 31, 2021, and the weighted average interest rate on the Term Loan during 2021 was 5.12%. The current and long-term portions of the Term Loan are included in the respective current and long-term debt sections of the consolidated balance sheets, the amounts of which were $28.2 million and $184.6 million, respectively. During 2021, the weighted average interest rate on the Term Loan during 2021 was 5.12%. At December 31, 2020, the outstanding balance on the Term Loan was $255.5 million, of which $22.6 million was due within twelve months. This Term Loan carried an interest rate of 3.50% at December 31, 2020, and the weighted average interest rate on the Term Loan during 2020 was 4.04%. At December 31, 2021, the Company's consolidated balance sheets include $4.7 million of remaining deferred financing costs in connection with the Credit Facility, which are being amortized as a component of interest expense through the maturity of the Credit Facility in February 2023. $2.8 million of such deferred financing costs pertain to the Revolver and $1.9 million pertains to the Term Loan, of which $1.6 million is netted against the current portion of the Term Loan and $261 thousand is netted against the long-term portion of the Term Loan as reported on the consolidated balance sheets. At December 31, 2020, the Company's consolidated balance sheets included $4.9 million of remaining deferred financing costs in connection with the Credit Facility, with $2.9 million pertaining to the Revolver and $2.0 million pertaining to the Term Loan, of which $919 thousand was netted against the current portion of the Term Loan and $1.1 million was netted against the long-term portions of the Term Loan as reported on the consolidated balance sheets. The Company maintains working capital debt facilities with banks in India for working capital funding requirements to support our foreign exchange, travel and remittance businesses. We are required to extend short-term credits to franchisee networks (B2B) and corporate customers. Additionally, we are required to maintain minimum levels of foreign currency inventory across branches and airport operations. Typically, these facilities carry interest rates 9.00% to 10.00% and are rupee denominated working capital lines and are collateralized against the receivables of these businesses and existing foreign currency inventory on hand. As of December 31, 2021 and 2020, the total of these working capital facilities was $5.6 million and $16.6 million, respectively, and is included in current liabilities in the Company's consolidated balance sheets.

Concentrations of Credit Risk

Concentrations of Credit Risk	12 Months Ended
	Dec. 31, 2021
Risks and Uncertainties [Abstract]
Concentration of Credit Risk	Concentrations of Credit Risk Credit Risk The Company is potentially subject to concentrations of credit risk in its accounts receivable. Credit risk is the risk of an unexpected loss if a customer fails to meet its contractual obligations. Although the Company is directly affected by the financial condition of its customers and the loss of or a substantial reduction in orders or the ability to pay from the customer could have a material effect on the consolidated financial statements, management does not believe significant credit risks exist at December 31, 2021. The Company had one customer whose accounts receivable balances individually represented 10% or more of the Company’s total accounts receivable. Major Customer As previously disclosed in Note 16, effective February 7, 2016, Ebix and Vayam Technologies Ltd ("Vayam") formed a joint venture named Ebix Vayam Limited JV. This joint venture was established to carry out IT projects in the government sector of the country of India and particularly in regards to the implementation of e-governance projects in the areas of education and healthcare. Ebix has a 51% equity interest in the joint venture, and Vayam has a 49% equity interest in the joint venture. Vayam is also a customer of Ebix Vayam Limited JV, and during the twelve months ending December 31, 2021 and 2020, Ebix Vayam Limited JV recognized $784 thousand and $667 thousand of revenue from Vayam, respectively, and as of December 31, 2021, Vayam had $17.0 million of accounts receivable with Ebix Vayam Limited JV, net of the estimated allowance for doubtful accounts receivable in the amount of $7 million. As of December 31, 2020, Ebix Vayam Limited JV had $20.5 million of accounts receivable with Vayam, net of the estimated allowance for doubtful accounts receivable in the amount of $11.3 million against receivables due from BSNL, a public sector entity in India.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2021
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events EbixCash Limited filing of the Draft Red Herring Prospectus The Company’s Indian subsidiary EbixCash Limited filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India on March 9, 2022, for an initial public offering aggregating up to ₹60,000 million or $787 million (the “IPO”). Of the IPO proceeds, approximately $350 million is proposed to be utilized towards purchase of outstanding compulsorily convertible debentures from Ebix Asia Holdings Inc, Mauritius and in turn payment to Ebix, Inc., which is proposed to be used towards reduction of Ebix Inc.’s outstanding debt. Approximately $130 million is proposed to be utilized for working capital requirements of EbixCash Limited and its subsidiaries. The remaining proceeds would be utilized towards, inter alia, growth-related initiatives of EbixCash Limited, including acquisitions and other investments. Dividends The Company declared its quarterly cash dividend to the holders of its common stock, whereby a dividend in the amount of $0.075 per common share will be paid on March 16, 2022 to shareholders of record on March 4, 2022.

Schedule II - Valuation and Qua

Schedule II - Valuation and Qualifying Accounts	12 Months Ended
	Dec. 31, 2021
SEC Schedule, 12-09, Valuation and Qualifying Accounts [Abstract]
Schedule II - Valuation and Qualifying Accounts	Schedule II Ebix, Inc. Schedule II—Valuation and Qualifying Accounts Years ended December 31, 2021, December 31, 2020 and December 31, 2019 Allowance for doubtful accounts receivable (in thousands): Year ended December 31, 2021 2020 2019 Beginning balance $ 22,691 $ 21,696 $ 6,969 Provision (benefit) for doubtful accounts (2,334) 1,749 12,325 Write-off of accounts receivable against allowance (483) (754) (2,290) Other (opening balance adjustments on acquisitions) — — 4,692 Ending balance $ 19,874 $ 22,691 $ 21,696 Valuation allowance for deferred tax assets (in thousands): Year ended December 31, 2021 2020 2019 Beginning balance $ (2,160) $ (3,288) $ (2,031) Decrease (increase) 1,161 1,128 (1,257) Ending balance $ (999) $ (2,160) $ (3,288)

Description of Business and S_2

Description of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
EbixCash Exchanges / Revenue Recognition and Contract Liabilities	EbixCash Exchanges ("EbixCash") EbixCash revenues are primarily derived from the sales of prepaid gift cards and consideration paid by customers for financial transaction services, including services for transferring or exchanging money, and travel transaction services. The significant majority of EbixCash revenue is for a single performance obligation and is recognized at a point in time. These revenues vary by transaction based upon channel, send and receive locations, the principal amount sent, whether the money transfer involves different send and receive currencies, and speed of service, as applicable. EbixCash also offers several other services, including payment services and ticketing and travel services for which revenue is impacted by various factors. EbixCash acts as the principal in most transactions and reports revenue on a gross basis, as EbixCash controls the service at all times prior to transfer to the customer, is primarily responsible for fulfilling the customer contracts, has the risk of loss, and has the ability to establish transaction prices. The main services from which EbixCash derives revenue are as follow: Gift Cards EbixCash sells general purpose prepaid gift cards to corporate customers and consumers that can be later redeemed at various merchants. The gift cards are co-branded between EbixCash and its card-issuing banking partners and are affiliated with major payment associations such as VISA, Mastercard, and Rupay. The gift cards are sold to a diversified set of corporate customers from various industries. The gift cards are used by corporate customers to disburse incentives to the end users, which are primarily their employees, agents and business associates. The gift cards sold by EbixCash are not reloadable, cannot be used at ATMs or for any other cash-out or funds transfer transactions, and are subject to maximum limits per card (currently INR10,000 or approximately $140). Gift cards issued by EbixCash are valid for a period of 15 months from the date of issuance for virtual cards and three years for physical cards. EbixCash has entered into arrangements with banks and financial institutions to settle payments to merchants based on utilization of the gift cards. The Company has end-to-end responsibilities related to the gift cards sold, from the activation and ongoing utilization of the gift cards to customer service responsibilities to risk of loss due to fraud on the gift cards sold. EbixCash acts a principal in the sale of gift cards and, thus, gift card revenue is recognized on a gross basis (full purchase value at the time of sale) with the corresponding cost of the gift cards recorded as cost of services provided. Unredeemed gift cards at December 31, 2021 totaled approximately $5.9 million and are recorded as deferred revenues in the financial results. EbixCash Travel Exchanges EbixCash Travel revenues are primarily derived from commissions and transaction fees received from various travel providers and international exchanges involved in the sale of travel to the consumer. EbixCash Travel revenue is for a single performance obligation and is recognized at a point in time. Travel revenues include: (i) reservation commissions, segment fees from global travel exchange providers, and transaction net revenues (i.e., the amount charged to travelers less the amount owed to travel service providers) in connection with our reservation services; (ii) ancillary fees, including travel insurance-related revenues and certain reservation booking fees; and (iii) credit card processing rebates and customer processing fees. EbixCash Travel services include the sale of hotel rooms, airline tickets, bus tickets and train tickets. EbixCash’s Travel revenue is also derived from ticket sales, wherein the commissions payable to EbixCash Travel, along with any transaction fees paid by travel providers and travel exchanges, is recognized as revenue after completion of the service. The transaction price on such services is agreed upon at the time of the purchase. EbixCash Travel revenue for the corporate meetings, incentives, conferences, and exhibitions ("MICE") packages is recognized at full purchase value at the completion of the obligation with the corresponding costs recorded under cost of services provided. For MICE revenues, EbixCash Travel acts as the principal in transactions and, accordingly, reports revenue on a gross basis. EbixCash Travel controls the service at all times prior to transfer to the customer, is responsible for fulfilling the customer contracts, has the risk of loss, and has the ability to establish transaction prices. EbixCash Money Transfer For the EbixCash money transfer business, EbixCash has one performance obligation whereupon the customer engages EbixCash to perform one integrated service. This performance obligation typically occurs instantaneously when the beneficiary entitled to receive the money transferred by the sender visits the EbixCash outlet and collects the money. Accordingly, EbixCash recognizes revenue upon completion of the following: (i) the customer’s acknowledgment of EbixCash’s terms and conditions and the receipt of payment information; (ii) the money transfer has been processed; (iii) the customer has received a unique transaction identification number; and (iv) funds are available to be picked up by the beneficiary. The transaction price is comprised of a transaction fee and the difference between the exchange rate set by EbixCash to the customer and the rate available in the wholesale foreign exchange market, as applicable, both of which are readily determinable at the time the transaction is initiated Foreign Exchange and Outward Remittance Services For EbixCash’s foreign exchange and payment services, customers agree to terms and conditions for all transactions, either at the time of initiating a transaction or signing a contract with EbixCash to provide payment services on the customer’s behalf. In the majority of EbixCash’s foreign exchange and payment services, EbixCash makes payments to the recipient to satisfy its performance obligation to the customer and, therefore, EbixCash recognizes revenue on foreign exchange and payment when this performance obligation has been fulfilled. Consumer Payment Services EbixCash offers several different bill payment services that vary by considerations, including among other factors: (i) who pays the fee to EbixCash (consumer or biller); (ii) whether the service is offered to all consumers; (iii) whether the service is restricted to existing biller relationships of EbixCash; and (iv) whether the service utilizes a physical agent network offered for consumers’ convenience. The determination of which party is EbixCash’s customer for revenue recognition purposes is based on these considerations for each of EbixCash’s bill payment services. For all transactions EbixCash’s customers agree to EbixCash’s terms and conditions, either at the time of initiating a transaction (where the consumer is determined to be the customer for revenue recognition purposes) or upon signing a contract with EbixCash to provide services on the biller’s behalf (where the biller is determined to be the customer for revenue recognition purposes). As with consumer money transfers, customers engage EbixCash to perform one integrated service - collecting money from the consumer and processing the bill payment transaction. This service provides the billers real-time or near real-time information regarding their customers’ payments and simplifies the billers’ collection efforts. The transaction price on bill payment services is contractual and determinable. Certain biller agreements may include per-transaction or fixed periodic rebates, which EbixCash records as a reduction to revenue. EbixCash Technology Services EbixCash also offers on-demand technology to various providers in the area of lending, wealth and asset management, and travel across the world. Additionally, EbixCash provides IT and call center outsourcing services to companies in a variety of industries, both in India and globally. The EbixCash technology software solutions are generally delivered on a SaaS subscription and/or transaction based pricing model. Please see below under "Insurance Exchanges" a description of revenue recognition policies for Software as a Service, Subscription and Transaction Fees, which are similar to how EbixCash technology software solutions revenues are recognized. For IT and call center outsourcing services provided by EbixCash businesses, revenues are generally recognized on a time and materials or fixed fee basis. Revenues for time and materials are recognized as such services are rendered, while fixed fee revenues are recognized based on the input method driven by the expected hours to complete the project measured against the actual hours completed to date. Insurance Exchanges Insurance Exchanges revenues are primarily derived from consideration paid by customers related to our SaaS platforms, related services and the licensing of software. A typical contract for our SaaS platform will also include services for setup, customization, transaction processing, maintenance, and/or hosting. Determining whether products and services are considered distinct performance obligations that should be accounted for separately may require significant judgment. Set-up and customization services related to our SaaS platforms are not considered to be distinct from the usage fees associated with the SaaS platform and, accordingly, are accounted for as a single performance obligation. These services, along with the usage or transaction fees, are recognized over the contract duration, which considers the significance of the upfront fees in the context of the contract and which may, therefore, exceed the initial contracted term. A customer's transaction volume tends to remain fairly consistent during the contract period without significant fluctuations. The invoiced amount is a reasonable approximation of the revenue that would be allocated to the related period under the variable consideration guidelines in ASC 606-10-32-40. To the extent that a SaaS contract includes subscription services or professional services, apart from the upfront customization, these are considered separate performance obligations. The Company also has separate software licensing (on premise/ perpetual), unrelated to the SaaS platforms, which is recognized at a point in time when the license is transferred to the customer. Contracts generally do not contain a right of return or refund provisions. Our contracts often do contain overage fees, contingent fees, or service level penalties which are accounted for as variable consideration. Revenue accounted for as variable consideration is immaterial and is recognized using the “right to invoice” practical expedient when the invoiced amount equals the value provided to the customer. Software-as-a-Service The Company allocates the transaction price to each distinct performance obligation using the relative stand-alone selling price. Determining the stand-alone selling price may require significant judgment. The stand-alone selling price is the price at which an entity has sold or would sell a promised good or service separately to a customer. The Company determines the stand-alone selling price based on observable price of products or services sold separately in comparable circumstances when such observable prices are available. When standalone selling price is not directly observable, the Company estimates the stand-alone selling price using the market assessment approach by considering historical pricing and other market factors. Software Licenses Software license revenues attributable to a software license that is a separate performance obligation are recognized at the point in time that the customer obtains control of the license. Subscription Services Subscription services revenues are associated with performance obligations that are satisfied over specific time periods and primarily consist of post-contract support services. Revenue is generally recognized ratably over the contract term. Our subscription contracts are generally for an initial three-year period with subsequent one-year automatic renewals. Transaction Fees Transaction revenue is comprised of fees applied to the volume of transactions that are processed through our SaaS platforms. These fees are typically based on a per-transaction rate and are invoiced for the same period in which the transactions were processed and as the performance obligation is satisfied. The amount invoiced generally equals the value provided to the customer, and revenue is typically recognized when invoiced using the as-invoiced practical expedient. Professional Services Professional service revenue primarily consists of fees for setup, customization, training, or consulting services. Professional service fees are generally on a time and materials basis or a fixed fee basis. Revenues for time and materials are recognized as such services are rendered, while fixed fee revenues are recognized based on the input method that is driven by the expected hours to complete the project measured against the actual hours completed to date. Professional services, particularly related to SaaS platforms, may have significant dependencies on the related licensed software and may not be considered a distinct performance obligation. Risk Compliance Solutions ("RCS") RCS revenues consist of two revenue streams - Certificates of Insurance ("COI") and consulting services. COI revenues are derived from consideration paid by customers for the creation and tracking of certificates of insurance. These revenues are transaction-based. Consulting services revenues are driven by distinct consulting service engagements rendered to customers, for which revenues are recognized using the output method on a time and material basis as the services are performed. COI Creation and Tracking The Company provides services to issue and track certificates of insurance in the U.S. and Australian markets. Revenue is derived from transaction fees for each certificate issued or tracked. The Company recognizes revenue at the issuance of each certificate or over the period the certificate is being tracked. Consulting Services The Company provides consulting services to clients around the world for project management and development. Consulting services fees are generally earned on a time and materials basis or a fixed fee basis. Revenues for time and materials are recognized using an output method as the services are rendered, while fixed fee revenues are recognized based on the input method that is driven by the expected hours to complete the project measured against the actual hours completed to date. Revenue Recognition and Contract Liabilities — The Company derives its revenues primarily from software subscription and transaction fees, software license fees, financial transaction fees, risk compliance solutions services fees, and professional service fees, including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. Sales and value-added taxes are not included in revenues, but rather are recorded as a liability until the taxes assessed are remitted to the respective taxing authorities. The Company determines revenue recognition by applying the following steps: • identification of the contract, or contracts, with a customer; • identification of the performance obligations in the contract; • determination of the transaction price; • allocation of the transaction price to the performance obligations in the contract; and • recognition of revenue when, or as, we satisfy a performance obligation. The Company analyzes its different services individually to determine the appropriate basis for revenue recognition, as further described earlier in this footnote. Additionally, certain services exist in multiple channels. As Ebix derives revenues from three product/service channels, EbixCash Exchanges, Insurance Exchanges, and Risk Compliance Solutions, for policy disclosure purposes, contracts are discussed in conjunction with the channel to which they are most significant. The Company assesses the terms of customer contracts, including termination rights, penalties (implied or explicit), and renewal rights. Disaggregation of Revenue The following tables present revenue disaggregated by primary geographical regions and product channels for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 2020 2019 (In thousands) India* $ 755,543 $ 378,660 $ 300,678 United States 155,346 166,320 182,530 Australia 37,820 33,846 33,268 Europe 16,366 13,145 14,695 Latin America 12,901 14,801 19,755 Canada* 5,333 4,383 4,805 Singapore* 3,875 3,969 6,549 New Zealand 2,007 1,804 1,955 United Arab Emirates* 1,982 3,335 683 Indonesia* 1,981 3,206 9,706 Philippines* 1,784 2,140 5,991 $ 994,938 $ 625,609 $ 580,615 *Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company’s revenues are derived from three product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the years ended December 31, 2021, 2020, and 2019. For the Year Ended December 31, (In thousands) 2021 2020 2019 EbixCash Exchanges $ 749,774 $ 386,564 $ 319,953 Insurance Exchanges 174,193 178,111 190,067 Risk Compliance Solutions 70,971 60,934 70,595 Totals $ 994,938 $ 625,609 $ 580,615 Costs to Obtain and Fulfill a Contract The Company’s capitalized costs are primarily derived from the fulfillment of SaaS-related setup and customizations from which the customer receives benefit through continued access to and use of the SaaS product platforms. In accordance with the guidance in ASC 340-40-25-5, we capitalize the costs directly related to the setup and development of these customizations, which satisfy the Company’s performance obligation with respect to access to the Company’s underlying product platforms. The capitalized costs primarily consist of the salaries of the developers directly involved in fulfilling the project and are solely based on the time spent on that project. The Company amortizes the capitalized costs ratably over the expected useful life of the related customizations, matching our treatment for the related revenue, and the capitalized costs are recoverable from profit margin included in the contract. As of December 31, 2021, and 2020 the Company had $910 thousand and $646 thousand, respectively, of contract costs in “Other current assets” and $912 thousand and $985 thousand, respectively, in “Other assets” on the Company's consolidated balance sheets. (In thousands) December 31, 2021 December 31, 2020 Balance, beginning of period $ 1,630 $ 1,897 Costs recognized from beginning balance (534) (743) Additions, net of costs recognized 726 476 Balance, end of period $ 1,822 $ 1,630 Contract Liabilities Contract liabilities include payments or billings that have been received or made prior to performance. In certain cases cash collections pertain to maintenance and support fees, initial setup or registration fees under hosting agreements, software license fees received in advance of delivery and acceptance, and software development fees paid in advance of completion and delivery. Approximately $6.3 million and $7.2 million of contract liabilities were included in billed accounts receivable at December 31, 2021 and 2020, respectively. The Company records contract liabilities when it receives payments or invoices in advance of the performance of services. A significant portion of this balance relates to contracts where the customer has paid in advance for the use of our SaaS platforms over a specified period of time. This portion is recognized as the related performance obligation is fulfilled (generally less than one year). Part of our performance obligation for these contracts consists of the requirement to provide our customers with continued access to, and use of, our SaaS platforms and associated customizations. Without continued access to the SaaS platform, the customizations have no separate benefit to the customer. Our customers simultaneously receive and consume the benefits as we provide access over time. The remaining portion of the contract liabilities balance consists primarily of customer-specific customizations that are not distinct from related performance obligations that transfer over time. This portion is recognized over the expected useful life of the customizations. (In thousands) December 31, 2021 December 31, 2020 Balance, beginning of period $ 40,930 $ 37,253 Revenue recognized from beginning balance (30,922) (32,783) Additions, net of revenue recognized and currency translation 31,349 36,460 Balance, end of period $ 41,357 $ 40,930 Revenue Allocated to Remaining Performance Obligations The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of December 31, 2021 that we will transfer from contract liabilities and recognize in future periods: Estimated Revenue (In thousands): For the year ending December 31, 2022 $ 4,977 For the year ending December 31, 2023 3,228 For the year ending December 31, 2024 2,067 For the year ending December 31, 2025 1,265 For the year ending December 31, 2026 417 $ 11,954 Our contractually committed revenue, for purposes of the tabular presentation above, is generally limited to service customer contracts with significant programming, setup, and implementation activities related to our SaaS offerings. Our contractually committed revenue amounts generally exclude, based on the following practical expedients that we elected to apply, remaining performance obligations for: (i) contracts with an original expected duration of one year or less; and (ii) contracts for which we recognize revenue at the amount for which we have the right to invoice for services performed.
Basis of Presentation	Basis of Presentation — The consolidated financial statements include the accounts of Ebix and its wholly and majority-owned subsidiaries. Noncontrolling interests in net income or losses and net equity are reported in amounts that reflect the noncontrolling party(ies) percentage ownership in the respective subsidiaries. The effect of intercompany balances and transactions has been eliminated.
Use of Estimates	Use of Estimates — The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the consolidated financial statements and reported amounts of revenue and expenses during those reporting periods. Management has made material estimates primarily with respect to revenue recognition and contract liabilities, accounts receivable, acquired intangible assets, annual impairment reviews of goodwill and indefinite-lived intangible assets, contingent earn-out liabilities in connection with business acquisitions, and the provision for income taxes. Actual results may be different from those estimates.
Reclassification	Reclassification — Certain prior year amounts have been reclassified to be consistent with current year presentation within our consolidated financial statements.
Segment Reporting	Segment Reporting — Since the Company, from the perspective of its chief operating decision maker, allocates resources and evaluates business performance as a single entity on a worldwide basis, the Company reports as a single segment.
Cash and Cash Equivalents	Cash and Cash Equivalents — The Company considers all highly liquid investments with an original maturity of three months or less at the time of purchase to be cash equivalents. Such investments are stated at cost, which approximates fair value. The Company does maintain cash balances in banking institutions in excess of federally insured amounts and therefore is exposed to the related potential credit risk associated with such cash deposits. The Company deposited $30.0 million with a third party bank in a trust account with commingled funds of its outside legal counsel in contemplation of a potential acquisition on December 31, 2020. The funds are included under the heading 'Cash and cash equivalents' in the 2020 consolidated balance sheet due to the nature of the said account, as the account had neither a restriction on the Company's ability to access the funds at its discretion nor did the account have restrictions associated with the potential acquisition that would limit the Company's control over and access to the cash. The contemplated acquisition did not occur and on February 2, 2021 the Company had the cash returned to its primary U.S. operating bank account.
Short-term Investments	Short-term Investments — The Company’s primary short-term investments consist of certificates of deposits with established commercial banking institutions in India that have readily determinable fair values. Ebix accounts for such investments that are reasonably expected to be realized in cash, sold or consumed during the year as short-term investments that are available-for-sale. The carrying amount of investments in marketable securities approximates their fair value.
Restricted Cash	Restricted Cash — The carrying value of our restricted cash was $9.1 million and $8.5 million at December 31, 2021 and 2020, respectively. The Company holds fixed deposits pledged with banks for issuance of bank guarantees and letters of credit related to its India operations for our working capital facilities.
Fiduciary Funds-Restricted	Fiduciary Funds - Restricted — Due to the EbixHealth JV being a third party administrator (“TPA”), the Company collects premiums from insureds and, after deducting its fees, remits these premiums to insurance companies. Unremitted insurance premiums and/or claim funds established for the benefit of various carriers are held in a fiduciary capacity until disbursed by the Company. The use of premiums collected from insureds but not yet remitted to insurance companies is restricted by law in certain states. The total assets held on behalf of others, $2.0 million and $4.1 million at December 31, 2021 and 2020, respectively, are recorded as an asset and offsetting fiduciary funds - restricted liability.
Fair Value of Financial Instruments	Fair Value Measurements — The Company follows the relevant GAAP guidance regarding the determination and measurement of the fair value of assets/liabilities in which fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction valuation hierarchy, which requires an entity to maximize the use of observable inputs when measuring fair value. The guidance describes the following three levels of inputs that may be used in the methodology to measure fair value: • Level 1 — Unadjusted quoted prices available in active markets for identical investments to the reporting entity at the measurement date. • Level 2 — Other than quoted prices included in Level 1 inputs, which are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability. • Level 3 — Unobservable inputs, which are used to the extent that observable inputs are not available, and used in situations where there is little or no market activity for the asset or liability and wherein the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. As of December 31, 2021 and 2020, the Company has the following financial instruments for which it had to consider fair values and had to make fair value assessments: • Short-term investments (commercial bank certificates of deposits and mutual funds), for which the fair values are measured as a Level 1 instrument. • Contingent accrued earn-out business acquisition consideration liabilities for which fair values are measured as Level 3 instruments. These contingent consideration liabilities were recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary.
Costs of Services Provided	Costs of Services Provided — Costs of services provided consist of data processing costs, customer support costs, including personnel costs to maintain our proprietary databases, costs to provide customer call center support, hardware and software expense associated with transaction processing systems and exchanges, telecommunication and computer network expense, and occupancy costs associated with facilities where these functions are performed. Cost of services provided also include the direct expenses associated with our services businesses, including the cost of prepaid gift cards, the cost of travel services provided and the cost of foreign exchange and remittance transactions. Depreciation expense is not included in costs of services provided.
Capitalized Software Development Costs	Capitalized Software Development Costs — In accordance with ASC 350-40 “ Internal-Use Software ” and ASC 350-985 “ Software ” the Company expenses costs as they are incurred until technological feasibility has been established, at and after which time those costs are capitalized until the product is available for general release to customers. Costs incurred to enhance our software products, after general market release of the services using the products, is expensed in the period they are incurred. The periodic expense for the amortization of previously capitalized software development costs is included in costs of services provided.
Goodwill and Indefinite-lived Intangible Assets	Goodwill and Indefinite-Lived Intangible Assets — Goodwill represents the cost in excess of the fair value of the identifiable net assets from the businesses that we acquire. In accordance with ASC 350, “ Goodwill and Other Intangible Assets " and ASU No. 2011-08, “ Testing Goodwill for Impairment ”, goodwill is tested for impairment at the reporting unit level on an annual basis or on an interim basis if an event occurred or circumstances change that would indicate that fair value of our reporting unit decreased below its carrying value. Potential impairment indicators include a significant change in the business climate, legal factors, operating performance indicators, competition, customer retention and the sale or disposition of a significant portion of the business. The Company applies the accounting guidance concerning goodwill impairment evaluation, whereby the Company first assesses certain qualitative factors to determine whether the existence of events or circumstances would indicate that it is more likely than not that the fair value of a reporting unit was less than its carrying amount. If after assessing the totality of events and circumstances, we were to determine that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, then we would perform quantitative impairment testing. We perform our annual goodwill impairment evaluation and testing as of October 1st of each year or, when events or circumstances dictate, more frequently. No goodwill impairments have occurred nor recognized in 2021 or 2020. The Company has considered the guidance within ASC 350 “ Goodwill and Other Intangible Assets ” and ASC 280 “ Segment Reporting ” in concluding that Ebix effectively operates as one operating and reportable segment and one reporting unit. The Company’s indefinite-lived assets are primarily associated with the estimated fair value of the contractual customer relationships existing with the property and casualty insurance carriers in Australia using the Company's property and casualty ("P&C") data exchange. Indefinite-lived intangible assets are not amortized, but rather are tested for impairment annually and tested on an interim basis if a triggering event has occurred. We perform our annual impairment testing of indefinite-lived intangible assets as of October 1st of each year. The annual impairment testing of indefinite-lived intangible assets is performed by comparing the asset's fair value to its carrying value. An impairment charge is recognized if the asset's estimated fair value is less than its carrying value. To estimate the fair value, we utilize cash flow projections. Projections of cash flows are based on our views of revenue growth rates, operating costs, anticipated future economic conditions, the appropriate discount rates relative to risk, and estimates of residual values and terminal values. We believe that our estimates are consistent with assumptions that marketplace participants would use in their estimates of fair value. The use of different estimates or assumptions for our projected discounted cash flows (e.g., revenue growth rates, future economic conditions, discount rates, and estimates of terminal values) when determining the fair value of our reporting unit could result in different values and may result in a goodwill impairment charge.
Finite-lived Intangible Assets	Finite-lived Intangible Assets — Finite-lived intangible assets represent the estimated acquisition date fair value of customer relationships, developed technology, trademarks, non-compete agreements and other intangibles described below obtained in connection with the businesses we acquire. We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows: Life Category (years) Customer relationships 4-20 Developed technology 3-15 Airport contract 9 Store networks 5 Dealer networks 15-20 Brand 3-15 Trademarks 3-15 Non-compete agreements 5-7 Database 10
Income Taxes	Income Taxes — The Company follows the asset and liability method of accounting for income taxes pursuant to the pertinent guidance issued by the FASB. Deferred income taxes are recorded to reflect the estimated future tax effects of differences between the financial statement and tax basis of assets, liabilities, operating losses, and tax credit carry forwards using the tax rates expected to be in effect when the temporary differences reverse. Valuation allowances, if any, are recorded to reduce deferred tax assets to the amount management considers more likely than not to be realized. Such valuation allowances are recorded for the portion of the deferred tax assets that are not expected to be realized based on the levels of historical taxable income and projections for future taxable income over the periods in which the temporary differences will be deductible. The Company applies the relevant FASB accounting guidance on accounting for uncertainty in income taxes positions. This guidance clarifies the accounting for uncertainty in income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. In this regard we recognize the tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.
Foreign Currency Translation	Foreign Currency Translation — The functional currency is the U.S. dollar for the Company's foreign subsidiaries in Dubai and Singapore. The functional currency of the Company's other foreign subsidiaries is the local currency of the country in which the subsidiary operates. The assets and liabilities of these foreign subsidiaries are translated into U.S. dollars at the rates of exchange at the balance sheet dates. Income and expense accounts are translated at the average exchange rates in effect during the period. Gains and losses resulting from translation adjustments are included as a component of accumulated other comprehensive income in the accompanying consolidated balance sheets, and are included in the consolidated statements of comprehensive income. Foreign exchange transaction gains and losses that are derived from transactions denominated in a currency other than the subsidiary's functional currency are included in the determination of net income.
Advertising	Advertising — With the exception of certain direct-response costs in connection with our business services of providing medical continuing education to physicians, dentists and healthcare professionals, advertising costs are expensed as incurred. Advertising costs amounted to $6.3 million, $4.8 million, and 9.7 million in 2021, 2020, and 2019, respectively, and are included in sales and marketing expenses in the accompanying consolidated statements of income.
Sales Commissions	Sales Commissions — Certain sales commission paid with respect to subscription-based revenues are deferred and subsequently amortized into operating expenses ratably over the term of the related customer subscription contracts. As of December 31, 2021 and 2020, $479 thousand and $650 thousand, respectively, of sales commissions were deferred and included in other current assets on the accompanying consolidated balance sheets. During the years ended December 31, 2021 and 2020, the Company amortized $1.1 million and $763 thousand, respectively, of previously deferred sales commissions and included this expense in operating expenses on the accompanying consolidated statements of income.
Property and Equipment	Property and Equipment — Property and equipment is stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the assets' estimated useful lives. Leasehold improvements are amortized over the shorter of the expected life of the improvements or the remaining lease term. Repairs and maintenance are charged to expense as incurred and major improvements that extend the life of the asset are capitalized and depreciated over the expected remaining life of the related asset. Gains and losses resulting from sales or retirements are recorded as incurred, at which time related costs and accumulated depreciation are removed from the Company’s accounts. Fixed assets acquired in acquisitions are recorded at fair value. The estimated useful lives applied by the Company for property and equipment are as follows: Life Asset Category (years) Buildings 39 Building Improvements 15 Computer equipment 5 Furniture, fixtures and other 7 Software 3 Land Improvements 20 Land Unlimited life Leasehold improvements Shorter of the remaining lease period or 7 years
Recent Accounting Pronouncements	Recent Accounting Pronouncements —The following is a brief discussion of recently released accounting pronouncements that are pertinent to the Company's business: In December 2019, the Financial Accounting Standards Board ("FASB") issued ASU 2019-12, Income Taxes (Topic 740): "Simplifying the Accounting for Income Taxes" . ASU 2019-12 is expected to reduce the cost and complexity related to the accounting for income taxes by eliminating the need for an entity to analyze whether the following apply to a given reporting period: • Exception to the incremental approach for intra period tax allocation; • Exceptions to accounting for basis differences when there are ownership changes in foreign investments; and • Exception in interim period income tax accounting for year-to-date losses that exceed anticipated losses. For public business entities, the amendments in this Update are effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The adoption of ASU 2019-12 has not had a material impact on the Company's consolidated financial statements. In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of the Effects of Reference Rate Reform on Financial Reporting, which provides optional expedients and exceptions to the current guidance on contract modifications and hedging relationships to ease the financial reporting burdens of the expected market transition from the London Interbank Offered Rate ("LIBOR") and other interbank offered rates to alternative reference rates, such as the Secured Overnight Financing Rate ("SOFR"). The guidance was effective upon issuance and may be applied prospectively to contract modifications made and hedging relationships entered into or evaluated on or before December 31, 2022. The adoption of this guidance has had no impact on the consolidated financial statements as the Company has not yet modified any of the existing contracts in response to the reference rate reform. The impact of this ASU will ultimately depend on the terms of any future contract modification related to a change in reference rate, including potential future modifications to the Company's Credit Facility. In August 2018, the FASB issued ASU 2018-13, Fair Value Measurement (Topic 820): " Disclosure Framework-Changes to the Disclosure Requirements for Fair Value Measurement" . ASU 2018-13 is intended to improve the effectiveness of ASC 820’s disclosure requirements. The amendments in this ASU are effective for public business entities for fiscal years beginning after December 15, 2019, including interim periods within that fiscal year. In February 2018, the FASB issued 2018-02, Income Statement-Reporting Comprehensive Income (Topic 220): "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income" . The ASU provides that the stranded tax effects from the Tax Act in accumulated other comprehensive loss may be reclassified to retained earnings. The amendments in this ASU are effective for all entities for fiscal years beginning after December 15, 2018, and interim periods within those fiscal years. In January 2017, the FASB issued ASU 2017-04, Intangibles-Goodwill and Other (Topic 350): "Simplifying the Test for Goodwill Impairment". To simplify the subsequent measurement of goodwill, the FASB eliminated Step 2 from the goodwill impairment test. In computing the implied fair value of goodwill under Step 2, an entity had to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities (including unrecognized assets and liabilities). Instead, under the amendments in this ASU, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. A public business entity filer should adopt the amendments in this ASU for its annual or any interim goodwill impairment tests in fiscal years beginning after December 15, 2019. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805): "Clarifying the Definition of a Business" which amended the existing FASB ASC. The standard provides additional guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses. The definition of a business affects many areas of accounting, including acquisitions, disposals, goodwill, and consolidation. ASU 2017-01 is effective for fiscal 2019 with early adoption permitted. The Company adopted this guidance in 2019 and it had an effect classification certain of its recent acquisitions. In June 2016, the FASB issued ASU 2016-13. Financial Instruments - Credit Losses (Topic 326). The main objective of this ASU is to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held by a reporting entity at each reporting date. The measurement of expected credit losses is based on relevant information about past events, including historical experience, current conditions, and reasonable and supportable forecasts that affect the collectability of the reported amount. An entity must use judgment in determining the relevant information and estimation methods that are appropriate in its circumstances. For public business entities that are U.S. Securities and Exchange Commission (SEC) filers, the amendments in this Update are effective for fiscal years beginning after December 15, 2019, including interim periods within those fiscal years. The Company In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842

Description of Business and S_3

Description of Business and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Schedule of Cash and Cash Equivalents and Restricted Cash	The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows: As of December 31, 2021 2020 2019 (In thousands) Cash and cash equivalents $ 99,625 $ 105,035 73,228 Restricted cash 9,080 8,519 35,051 Restricted cash included in other long-term assets 6,059 6,659 3,090 Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows $ 114,764 $ 120,213 $ 111,369
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables: Fair Values at Reporting Date Using* Descriptions Balance at December 31, 2021 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Assets Commercial bank certificates of deposits ($6.3 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets") $ 31,676 $ — $ 31,676 $ — Mutual funds 167 167 — — Total assets measured at fair value $ 31,843 $ 167 $ 31,676 $ — Liabilities Contingent earn-out acquisition consideration (a) 2,557 — — 2,557 Total liabilities measured at fair value $ 2,557 $ — $ — $ 2,557 (a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments. * During the year ended December 31, 2021, there were no transfers between fair value Levels 1, 2 or 3. Fair Values at Reporting Date Using* Descriptions Balance at December 31, 2020 Quoted Prices in Active Markets for Identical Assets or Liabilities Significant Other Observable Inputs Significant Unobservable Inputs (In thousands) Assets Commercial bank certificates of deposits ($7.4 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets") $ 32,072 — 32,072 — Mutual Funds 381 381 — — Total assets measured at fair value $ 32,453 $ 381 $ 32,072 $ — Liabilities Contingent earn-out acquisition consideration — — — — Total liabilities measured at fair value $ — $ — $ — $ — * During the year ended December 31, 2020, there were no transfers between fair value Levels 1, 2 or 3.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the year: Fair Value Measurements Using Significant Unobservable Inputs (Level 3) Contingent Liability for Accrued Earn-out Acquisition Consideration Balance at December 31, 2021 Balance at December 31, 2020 (In thousands) Beginning balance $ — $ 10,095 Total remeasurement adjustments: (Gains) or losses included in earnings * — (3,105) Remeasurement against goodwill 2,560 — Foreign currency translation adjustments ** (3) (537) Acquisitions and settlements Settlements — (6,453) Ending balance $ 2,557 $ — The amount of total (gains) or losses for the year included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at year-end. $ — $ (3,105) * recorded as a component of general and administrative expenses ** recorded as a component of other comprehensive income within stockholders' equity
Fair Value, Significant Unobservable Inputs Used in Measurement of Contingent Consideration Liabilities	The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows: (In thousands) Fair Value at December 31, 2021 Valuation Technique Significant Unobservable Contingent acquisition consideration $2,557 Discounted cash flow Expected future annual revenue streams and probability of achievement (In thousands) Fair Value at December 31, 2020 Valuation Technique Significant Contingent acquisition consideration $— Discounted cash flow Expected future annual revenue streams and probability of achievement
Disaggregation of Revenue	The following tables present revenue disaggregated by primary geographical regions and product channels for the years ended December 31, 2021, 2020 and 2019: Year Ended December 31, 2021 2020 2019 (In thousands) India* $ 755,543 $ 378,660 $ 300,678 United States 155,346 166,320 182,530 Australia 37,820 33,846 33,268 Europe 16,366 13,145 14,695 Latin America 12,901 14,801 19,755 Canada* 5,333 4,383 4,805 Singapore* 3,875 3,969 6,549 New Zealand 2,007 1,804 1,955 United Arab Emirates* 1,982 3,335 683 Indonesia* 1,981 3,206 9,706 Philippines* 1,784 2,140 5,991 $ 994,938 $ 625,609 $ 580,615 *Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively. The Company’s revenues are derived from three product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the years ended December 31, 2021, 2020, and 2019. For the Year Ended December 31, (In thousands) 2021 2020 2019 EbixCash Exchanges $ 749,774 $ 386,564 $ 319,953 Insurance Exchanges 174,193 178,111 190,067 Risk Compliance Solutions 70,971 60,934 70,595 Totals $ 994,938 $ 625,609 $ 580,615
Contract with Customer, Asset and Liability	(In thousands) December 31, 2021 December 31, 2020 Balance, beginning of period $ 1,630 $ 1,897 Costs recognized from beginning balance (534) (743) Additions, net of costs recognized 726 476 Balance, end of period $ 1,822 $ 1,630 (In thousands) December 31, 2021 December 31, 2020 Balance, beginning of period $ 40,930 $ 37,253 Revenue recognized from beginning balance (30,922) (32,783) Additions, net of revenue recognized and currency translation 31,349 36,460 Balance, end of period $ 41,357 $ 40,930
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction	The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of December 31, 2021 that we will transfer from contract liabilities and recognize in future periods: Estimated Revenue (In thousands): For the year ending December 31, 2022 $ 4,977 For the year ending December 31, 2023 3,228 For the year ending December 31, 2024 2,067 For the year ending December 31, 2025 1,265 For the year ending December 31, 2026 417 $ 11,954
Schedule of Goodwill	Changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020 are as follows: December 31, 2021 December 31, 2020 (In thousands) Beginning Balance $ 949,037 $ 952,404 Additions for current year acquisitions — 11,241 Adjustments for final purchase accounting 1,201 725 Foreign currency translation adjustments (10,989) (15,333) Ending Balance $ 939,249 $ 949,037
Schedule of Finite-Lived Intangible Assets by Major Class, Estimated Useful Lives	We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows: Life Category (years) Customer relationships 4-20 Developed technology 3-15 Airport contract 9 Store networks 5 Dealer networks 15-20 Brand 3-15 Trademarks 3-15 Non-compete agreements 5-7 Database 10
Schedule of Intangible Assets, Excluding Goodwill	Intangible assets as of December 31, 2021 and December 31, 2020, are as follows: December 31, 2021 2020 (In thousands) Finite-lived intangible assets: Customer relationships $ 102,446 $ 96,616 Developed technology 20,234 19,867 Dealer networks 6,534 6,653 Airport Contract 4,441 4,523 Trademarks 2,696 2,700 Store Networks 2,396 2,440 Brand 880 896 Non-compete agreements 721 759 Database 212 212 Backlog 140 140 Total intangibles 140,700 134,806 Accumulated amortization (93,905) (83,926) Finite-lived intangibles, net $ 46,795 $ 50,880 Indefinite-lived intangibles: Customer/territorial relationships $ 16,647 $ 21,647
Useful Lives of Property and Equipment Used in Computation of Depreciation	The estimated useful lives applied by the Company for property and equipment are as follows: Life Asset Category (years) Buildings 39 Building Improvements 15 Computer equipment 5 Furniture, fixtures and other 7 Software 3 Land Improvements 20 Land Unlimited life Leasehold improvements Shorter of the remaining lease period or 7 years

Earnings per Share (Tables)

Earnings per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Diluted, by Common Class	The basic and diluted earnings per share (“EPS”), and the basic and diluted weighted average shares outstanding for all periods as presented in the accompanying consolidated statements of income are shown below: For the year ended (In thousands, except per share amounts) Earnings per share: 2021 2020 2019 Basic earnings per common share $ 2.23 $ 3.03 $ 3.17 Diluted earnings per common share $ 2.22 $ 3.02 $ 3.16 Basic weighted average shares outstanding 30,625 30,510 30,511 Diluted weighted average shares outstanding 30,664 30,571 30,594
Schedule of Weighted Average Number of Shares	Diluted shares outstanding are determined as follows for each year ended December 31, 2021, 2020, and 2019: For the year ended (In thousands) 2021 2020 2019 Basic weighted average shares outstanding 30,625 30,510 30,511 Incremental shares for common stock equivalents 39 61 83 Diluted shares outstanding 30,664 30,571 30,594

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2021
Business Combination and Asset Acquisition [Abstract]
Business Combination, Segment Allocation	The following table summarizes the recognized intangible assets, goodwill and earn-out provisions, as a result of the cumulative valuation and purchase price allocations on effective date of acquisition, for the 2020 acquisitions: Company acquired Date acquired Goodwill Intangibles Assets Contingent Earn-Out Provision (In thousands) Trimax May-20 $ 9,930 $ 873 $ 2,560 AssureEdge Oct-20 3,192 797 — Total for 2020 acquisitions $ 13,122 $ 1,670 $ 2,560
Schedule of Net Assets Acquired in Business Acquisitions	The following table summarizes the fair value of the consideration transferred, net assets acquired and liabilities assumed, as of the acquisition date, for acquisitions closed during 2020: 2020 (In thousands) Acquisitions Fair value of total consideration transferred Cash $ 13,774 Consideration payable 1,568 Contingent earn-out consideration arrangement (net) 2,560 Total consideration transferred 17,902 Fair value of equity components recorded (not part of consideration) Recognition of noncontrolling interest of joint ventures 1,350 Total equity components recorded 1,350 Total consideration transferred and equity components recorded $ 19,252 Fair value of assets acquired and liabilities assumed Cash, net of adjustment $ 1,358 Other current assets 2,812 Property, plant, and equipment 3,451 Other long-term assets 103 Intangible assets, definite-lived 1,670 Current and other liabilities, net of consideration transferred (3,264) Net assets acquired, excludes goodwill 6,130 Goodwill 13,122 Total net assets acquired $ 19,252
Schedule of Identified Intangible Assets Acquired as Part of Business Acquisitions	The following table summarizes the separately identified intangible assets acquired as a result of the acquisitions that occurred during 2020: 2020 Acquisitions Weighted Intangible asset category Fair Value Useful Life (In thousands) (In years) Customer contracts and related customer relationships* $ 1,203 8.2 Developed technology* 467 5.0 Total acquired intangible assets $ 1,670 7.3 *Purchase accounting adjustments during 2021 related to the 2020 acquisitions
Schedule of Intangible Assets, Future Amortization Expense	Estimated aggregate future amortization expense for the intangible assets recorded as part of the business acquisitions described above and all other prior acquisitions is as follows: Future Amortization Expenses (In thousands): For the year ended December 31, 2022 $ 9,695 For the year ended December 31, 2023 7,692 For the year ended December 31, 2024 5,934 For the year ended December 31, 2025 4,530 For the year ended December 31, 2026 3,771 Thereafter 15,173 $ 46,795

Share-Based Compensation (Table

Share-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based Payment Arrangement [Abstract]
Schedule of Share-based Payment Award, Valuation Assumptions	The following table includes the weighted-average assumptions used in estimating the fair values and the resulting weighted-average fair value of stock options granted in the periods presented: Year Ended December 31, 2021 2020 2019 Weighted average fair values of stock options granted $ 15.53 $ 15.58 $ 12.68 Expected volatility 77.1 % 64.7 % 36.0 % Expected dividends .99 % .84 % .65 % Weighted average risk-free interest rate .93 % .24 % 1.72 % Expected life of stock options (in years) 3.5 3.5 3.5
Schedule of Stock Options Activity	A summary of stock option activity for the years ended December 31, 2021, 2020, and 2019 is as follows: Shares Weighted Weighted Aggregate Intrinsic (In thousands) Outstanding at January 1, 2019 162,000 $ 42.75 3.05 $ — Granted 66,000 $ 46.75 Exercised — $ — Canceled (10,125) $ 46.66 Outstanding at December 31, 2019 217,875 $ 43.78 2.60 $ — Granted 36,000 $ 35.70 Exercised (30,000) $ 21.19 Canceled (6,000) $ 28.59 Outstanding at December 31, 2020 217,875 $ 45.97 2.57 $ — Granted 42,000 $ 30.40 Exercised — $ — Canceled (40,875) $ 49.22 Outstanding at December 31, 2021 219,000 $ 42.38 2.80 $ — Exercisable at December 31, 2021 114,000 $ 47.43 1.84 $ —
Schedule of Nonvested Share Activity	A summary of non-vested options and changes for the years ended December 31, 2021, 2020 and 2019 is as follows: Non-Vested Number of Shares Weighted Non-vested balance at January 1, 2019 81,750 $ 47.21 Granted 66,000 $ 46.75 Vested (28,875) $ 48.46 Canceled (10,125) $ 46.66 Non-vested balance at December 31, 2019 108,750 $ 46.65 Granted 36,000 $ 35.70 Vested (42,000) $ 47.66 Canceled — $ — Non-vested balance at December 31, 2020 102,750 $ 42.40 Granted 42,000 $ 30.40 Vested (39,750) $ 44.24 Canceled — $ — Non-vested balance at December 31, 2021 105,000 $ 36.90
Schedule of Shares Authorized under Stock Option Plans, by Exercise Price Range	The following table summarizes information about stock options outstanding by price range as of December 31, 2021: Options Outstanding Options Exercisable Exercise Prices Number Outstanding Weighted-Average Remaining Contractual Life (Years) Weighted-Average Exercise Price Number of Shares Weighted-Average Exercise Price $30.40 42,000 0.94 $ 5.83 — $ — $35.70 36,000 0.65 $ 5.87 9,000 $ 2.82 $41.60 36,000 0.45 $ 6.84 20,250 $ 7.39 $42.56 36,000 0.33 $ 6.99 27,000 $ 10.08 $52.92 30,000 0.33 $ 7.25 18,750 $ 8.70 $53.90 39,000 0.09 $ 9.60 39,000 $ 18.44 219,000 2.80 $ 42.38 114,000 $ 47.43
Schedule of Nonvested Restricted Stock Activity	A summary of the status of the Company’s non-vested restricted stock grant shares is presented in the following table: Shares Weighted-Average Grant Date Non-vested at January 1, 2019 40,416 $ 58.60 Granted 91,658 $ 50.54 Vested (24,120) $ 57.14 Forfeited — $ — Non-vested at December 31, 2019 107,954 $ 52.08 Granted 388,089 $ 24.37 Vested (68,504) $ 52.49 Forfeited — $ — Non-vested at December 31, 2020 427,539 $ 26.86 Granted 8,979 $ 27.84 Vested (213,993) $ 29.08 Forfeited — $ — Non-vested at December 31, 2021 222,525 $ 24.76

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit)	The income tax expense (benefit) consists of the following: Year Ended December 31, 2021 2020 2019 (In thousands) Current: US federal $ 3,480 $ (249) $ 1,378 US state 250 (406) 909 Non US 13,219 10,681 12,861 16,949 10,026 15,148 Deferred: US federal (4,802) (1,220) (3,781) US state (1,288) (657) (3,107) Non US (4,275) (2,819) (8,040) (10,365) (4,696) (14,928) Total $ 6,584 $ 5,330 $ 220
Schedule of Income before Income Tax, Domestic and Foreign	Income (loss) before income taxes includes the following components: Year Ended December 31, 2021 2020 2019 (In thousands) US $ (33,311) $ (27,528) $ (47,574) Non US 106,834 121,685 138,365 Total $ 73,523 $ 94,157 $ 90,791
Schedule of Effective Income Tax Rate Reconciliation	A reconciliation of the statutory federal income tax rate to the effective income tax rate consists of the following: Year Ended December 31, 2021 2020 2019 Statutory US federal income tax rate 21.0 % 21.0 % 21.0 % US state income taxes, net of federal benefit (1.1) % (0.9) % (2.3) % Non-US tax rate differential (3.2) % (12.2) % (13.6) % GILTI Related 13.7 % 12.5 % 18.6 % Tax holidays (14.3) % (4.0) % (6.0) % Tax Credits (9.5) % (10.0) % (15.0) % Passive income exemption — % (0.4) % (1.2) % Acquisition contingent earn-out liability adjustments — % (0.7) % (4.0) % Nondeductible items 0.9 % 2.0 % 1.0 % Effect of valuation allowance 0.6 % (1.2) % 1.2 % Prior year Transition Tax and related true-ups 1.4 % 0.5 % 0.7 % Uncertain tax positions (0.5) % (1.0) % (0.1) % Other — % — % (0.1) % Effective income tax rate 9.0 % 5.7 % 0.2 %
Deferred Income Tax, Temporary Differences Between Amounts of Assets and Liabilities	Deferred tax assets and liabilities are comprised of the following: December 31, 2021 December 31, 2020 Deferred Deferred Assets Liabilities Assets Liabilities (In thousands) Depreciation and amortization $ — $ 6,424 $ — $ 3,450 Share-based compensation 307 — 451 — Accruals and prepaids 5,613 — 6,586 — Bad debts 6,139 — 2,727 — Acquired intangible assets — 12,509 — 13,071 Net operating loss carryforwards 37,242 — 33,247 — Tax credit carryforwards (primarily Minimum Alternative Tax ("MAT") in India) 53,995 — 48,669 — 103,296 18,933 91,680 16,521 Valuation allowance (999) — (2,160) — Total deferred taxes $ 102,297 $ 18,933 $ 89,520 $ 16,521
Summary of Operating Loss Carryforwards	We have US Federal, state and foreign operating losses and credit carryforwards as follows: Year Ended December 31, 2021 2020 (In thousands) US Federal loss carryforwards $ 52,544 $ 55,029 US state loss carryforwards 85,635 79,907 Foreign loss carryforwards 90,826 73,922 US Federal credit carryforwards 7,144 1,818 Foreign credit carryforwards 46,851 46,851
Schedule of Unrecognized Tax Benefits Roll Forward	The following table summarizes the activity related to provision made by the Company in the books for uncertain tax positions: Year Ended December 31, 2021 2020 2019 (In thousands) Beginning Balance $ 8,291 $ 9,199 $ 9,294 Additions for tax positions related to current year — — — Additions for tax positions of prior years 769 966 195 Reductions for tax position of prior years (2,860) (1,874) (290) Ending Balance $ 6,200 $ 8,291 $ 9,199

Accounts Payable and Accrued _2

Accounts Payable and Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts Payable and Accrued Liabilities, Current [Abstract]
Schedule of Accounts Payable and Accrued Expenses	Accounts payable and accrued expenses at December 31, 2021 and 2020, consisted of the following: 2021 2020 (In thousands) Trade accounts payable $ 70,514 $ 56,636 Accrued professional fees 2,526 1,268 Income taxes payable* 1,767 3,429 Sales taxes payable 3,802 3,431 Other accrued liabilities 7,572 — Total $ 86,181 $ 64,764 * Long-term portion of income taxes payable pertaining to the 2017 Tax Cuts and Jobs Act one-time transition tax totaling $13.3 million and $15.0 million, as of December 31, 2021 and 2020, respectively, is included in other liabilities in the Company's consolidated balance sheets.

Other Current Assets (Tables)

Other Current Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Prepaid Expense and Other Assets, Current [Abstract]
Schedule of Other Current Assets	Other current assets at December 31, 2021 and 2020, consisted of the following: 2021 2020 (In thousands) Prepaid expenses $ 70,520 $ 57,017 Sales taxes receivable from customers 5,058 4,588 Other third party receivables 3,921 3,530 Short-term portion of capitalized costs to obtain and fulfill contracts 910 646 Credit card merchant account balance receivable 681 848 Accrued interest receivable 206 355 Other 3,093 4,677 Total $ 84,389 $ 71,661

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	12 Months Ended
	Dec. 31, 2021
Other Liabilities, Current [Abstract]
Other Current Liabilities	Other current liabilities at December 31, 2021 and December 31, 2020 consisted of the following: 2021 2020 (In thousands) Acquisition obligations (contingent consideration) $ 2,444 $ 2,443 Customer advances (deposits) 24,393 25,043 Total $ 26,837 $ 27,486

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and equipment at December 31, 2021 and 2020 consisted of the following: 2021 2020 (In thousands) Computer equipment $ 27,300 $ 26,357 Buildings 28,569 26,564 Land 10,320 10,386 Land improvements 7,195 7,195 Leasehold improvements 1,105 763 Furniture, fixtures and other 7,379 7,271 81,868 78,536 Less accumulated depreciation and amortization (27,509) (26,015) $ 54,359 $ 52,521

Geographic Information (Tables)

Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2021
Segment Reporting [Abstract]
Financial Information by Geographic Locations	The following enterprise wide information relates to the Company's geographic locations: Year ended December 31, 2021 2020 2019 External Revenues Long-lived assets External Revenues Long-lived assets External Revenues Long-lived assets (In thousands) India* $ 755,543 $ 693,709 $ 378,660 $ 698,936 $ 300,678 $ 700,986 United States 155,346 377,305 166,320 381,782 182,530 395,225 Australia 37,820 2,928 33,846 3,581 33,268 3,541 Europe 16,366 23,304 13,145 22,900 14,695 24,508 Latin America 12,901 12,696 14,801 13,723 19,755 17,176 Canada* 5,333 5,886 4,383 6,930 4,805 7,012 Singapore* 3,875 17,260 3,969 19,336 6,549 18,282 New Zealand 2,007 367 1,804 513 1,955 578 United Arab Emirates* 1,982 54,254 3,335 54,789 683 54,887 Indonesia* 1,981 95 3,206 139 9,706 117 Philippines* 1,784 1,824 2,140 661 5,991 729 Mauritius* — 4,663 — 4,665 — 4,643 $ 994,938 $ 1,194,291 $ 625,609 $ 1,207,955 $ 580,615 $ 1,227,684 *Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively.

Leases (Tables)

Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Leases [Abstract]
Other Operating and Finance Lease Information	As of December 31, 2021, the maturity of lease liabilities under Topic 842 are as follows: Year Operating Leases Financing Leases Total (In thousands) 2022 $ 3,583 $ 207 $ 3,790 2023 3,180 158 3,338 2024 1,833 133 1,966 2025 1,228 19 1,247 2026 460 — 460 Thereafter 1,079 — 1,079 Total 11,363 517 11,880 Less: present value discount* (1,051) (38) (1,089) Present value of lease liabilities 10,312 479 10,791 Less: current portion of lease liabilities (3,173) (185) (3,358) Total long-term lease liabilities $ 7,139 $ 294 $ 7,433 * The discount rate used was the relevant incremental borrowing rate in each of the jurisdictions Other information about lease amounts recognized in our consolidated statement of income is summarized as follows: December 31, 2021 Weighted Average Lease Term - Operating Leases 4.24 years Weighted Average Lease Term - Finance Leases 2.79 years Weighted Average Discount Rate - Operating Leases 7.00 % Weighted Average Discount Rate - Finance Leases 6.39 %
Lease Cost	The lease cost recognized in our consolidated statements of income in the category of general and administrative, is summarized as follows: Year Ended December 31, (In thousands) 2021 2020 Operating Lease Cost $ 4,860 $ 7,051 Finance Lease Cost: Amortization of Lease Assets 194 161 Interest on Lease liabilities 35 39 Finance Lease Cost 229 200 Sublease Income (118) (476) Total Net Lease Cost $ 4,971 $ 6,775
Schedule of Future Minimum Rental Payments for Operating Leases	Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2021 were as follows: Year Operating Leases Financing Leases (In thousands) 2022 $ 3,583 $ 207 2023 3,180 158 2024 1,833 133 2025 1,228 19 2026 460 — Thereafter 1,079 — Total $ 11,363 $ 517 Less: sublease income (118) Net lease payments $ 11,245 Less: amount representing interest 35 Present value of obligations under financing leases $ 552 Less: current portion (185) Long-term obligations $ 367
Schedule of Future Minimum Lease Payments for Capital Leases	Commitments for minimum rentals under non-cancellable leases, under the legacy guidance in ASC 840 as of December 31, 2021 were as follows: Year Operating Leases Financing Leases (In thousands) 2022 $ 3,583 $ 207 2023 3,180 158 2024 1,833 133 2025 1,228 19 2026 460 — Thereafter 1,079 — Total $ 11,363 $ 517 Less: sublease income (118) Net lease payments $ 11,245 Less: amount representing interest 35 Present value of obligations under financing leases $ 552 Less: current portion (185) Long-term obligations $ 367
Schedule Of Future Principal Debt Payments and Minimum Lease Payments Under Non-Cancelable Operating And Capital Leases	Such arrangements represent further commitments of approximately $34.4 million as follows: Year Commitments (In thousands) 2022 $ 17,406 2023 16,996 Thereafter — Total $ 34,402

Description of Business and S_4

Description of Business and Summary of Significant Accounting Policies - Description of Business (Details) ₨ in Thousands	12 Months Ended
	Dec. 31, 2021INR (₨)revenue_stream	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2021USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Total revenue, international percentage	84.40%	73.40%	68.60%
Maximum limit per gift card	₨ 10			$ 140
Term of virtual gift card	15 months
Term of physical gift card	3 years
Deferred revenue		$ 40,930,000	$ 37,253,000	41,357,000
Subscription contract term	3 years
Subscription contract renewal term	1 year
Number of revenue streams | revenue_stream	2
Cash held in trust		$ 30,000,000
Giftcards
Revenues from External Customers and Long-Lived Assets [Line Items]
Deferred revenue				$ 5,900,000

Description of Business and S_5

Description of Business and Summary of Significant Accounting Policies - Short-term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Short-term investments	$ 16,463	$ 25,019

Description of Business and S_6

Description of Business and Summary of Significant Account Policies - Restricted Cash (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Restricted cash	$ 9,080	$ 8,519	$ 35,051

Description of Business and S_7

Description of Business and Summary of Significant Accounting Policies - Schedule of Cash and Cash Equivalents (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Accounting Policies [Abstract]
Cash and cash equivalents	$ 99,625	$ 105,035	$ 73,228
Restricted cash	9,080	8,519	35,051
Restricted cash included in other long-term assets	6,059	6,659	3,090
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$ 114,764	$ 120,213	$ 111,369	$ 149,681

Description of Business and S_8

Description of Business and Summary of Significant Accounting Policies - Fiduciary Funds (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Fiduciary funds - restricted	$ 2,046	$ 4,106

Description of Business and S_9

Description of Business and Summary of Significant Accounting Policies - Fair Value Reporting (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Total assets measured at fair value	$ 31,843	$ 32,453
Liabilities
Total liabilities measured at fair value	2,557	0
Contingent Accrued Earn-out Acquisition Consideration
Liabilities
Derivative liabilities	2,557	0
Certificates of Deposit
ASSETS
Available-for-sale securities	31,676	32,072
Mutual Funds
ASSETS
Available-for-sale securities	167	381
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)
ASSETS
Total assets measured at fair value	167	381
Liabilities
Total liabilities measured at fair value	0	0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Contingent Accrued Earn-out Acquisition Consideration
Liabilities
Derivative liabilities	0	0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Certificates of Deposit
ASSETS
Available-for-sale securities	0	0
Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1) | Mutual Funds
ASSETS
Available-for-sale securities	167	381
Significant Other Observable Inputs (Level 2)
ASSETS
Total assets measured at fair value	31,676	32,072
Liabilities
Total liabilities measured at fair value	0	0
Significant Other Observable Inputs (Level 2) | Contingent Accrued Earn-out Acquisition Consideration
Liabilities
Derivative liabilities	0	0
Significant Other Observable Inputs (Level 2) | Certificates of Deposit
ASSETS
Available-for-sale securities	31,676	32,072
Significant Other Observable Inputs (Level 2) | Mutual Funds
ASSETS
Available-for-sale securities	0	0
Significant Unobservable Inputs (Level 3)
ASSETS
Total assets measured at fair value	0	0
Liabilities
Total liabilities measured at fair value	2,557	0
Significant Unobservable Inputs (Level 3) | Contingent Accrued Earn-out Acquisition Consideration
Liabilities
Derivative liabilities	2,557	0
Significant Unobservable Inputs (Level 3) | Certificates of Deposit
ASSETS
Available-for-sale securities	0	0
Significant Unobservable Inputs (Level 3) | Mutual Funds
ASSETS
Available-for-sale securities	0	0
Recurring | Certificates of Deposit
ASSETS
Available-for-sale securities	$ 6,300	$ 7,400

Description of Business and _10

Description of Business and Summary of Significant Accounting Policies - Sensitivity to Changes in Significant Unobservable Inputs (Details)	12 Months Ended
	Dec. 31, 2021
Derivative
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Fair value input, discount rate	12.70%

Description of Business and _11

Description of Business and Summary of Significant Accounting Policies - Assets and Liabilities Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Contingent Liability for Accrued Earn-out Acquisition Consideration
Beginning balance	$ 0	$ 10,095
(Gains) or losses included in earnings	0	(3,105)
Remeasurement against goodwill	2,560	0
Foreign currency translation adjustments	(3)	(537)
Settlements	0	(6,453)
Ending balance	2,557	0
The amount of total (gains) or losses for the year included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at year-end.	$ 0	$ (3,105)

Description of Business and _12

Description of Business and Summary of Significant Accounting Policies - Deferred Revenue (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Deferred revenue included in accounts receivables	$ 6.3	$ 7.2

Description of Business and _13

Description of Business and Summary of Significant Accounting Policies - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	$ 994,938	$ 625,609	$ 580,615
EbixCash Exchanges
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	749,774	386,564	319,953
Insurance Exchanges
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	174,193	178,111	190,067
Risk Compliance Solutions
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	70,971	60,934	70,595
India
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	755,543	378,660	300,678
United States
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	155,346	166,320	182,530
Australia
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	37,820	33,846	33,268
Europe
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	16,366	13,145	14,695
Latin America
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	12,901	14,801	19,755
Canada
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	5,333	4,383	4,805
Singapore
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	3,875	3,969	6,549
New Zealand
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	2,007	1,804	1,955
United Arab Emirates
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	1,982	3,335	683
Indonesia
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	1,981	3,206	9,706
Philippines
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	1,784	2,140	5,991
Indian led
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Operating revenue:	$ 762,300	$ 388,300	$ 320,000

Description of Business and _14

Description of Business and Summary of Significant Accounting Policies - Costs to Obtain and Fulfill a Contract (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Capitalized contract costs, net, current	$ 910	$ 646
Capitalized contract costs, net, noncurrent	912	985
Contract with Customer, Asset, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	1,822	1,630	$ 1,897
Costs recognized from beginning balance	(534)	(743)
Additions, net of costs recognized	726	476
Balance, end of period	$ 1,822	$ 1,630

Description of Business and _15

Description of Business and Summary of Significant Accounting Policies - Contract Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Contract With Customer, Liability [Roll Forward]
Balance, beginning of period	$ 40,930	$ 37,253
Revenue recognized from beginning balance	(30,922)	(32,783)
Additions, net of revenue recognized and currency translation	31,349	36,460
Balance, end of period	$ 41,357	$ 40,930

Description of Business and _16

Description of Business and Summary of Significant Accounting Policies - Revenue Allocated to Remaining Performance Obligations (Details) $ in Thousands	Dec. 31, 2021USD ($)
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 11,954
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-01-01
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 4,977
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 3,228
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 2,067
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 1,265
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01
Accounting Policies [Abstract]
Revenue, Remaining Performance Obligation, Amount	$ 417
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Description of Business and _17

Description of Business and Summary of Significant Accounting Policies - Accounts Receivable and the Allowance for Doubtful Accounts Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, after allowance for credit loss, current	$ 153,609	$ 142,847
Allowance for doubtful accounts	19,874	22,691
(Benefit) provision for doubtful accounts	(2,334)	1,749	$ 12,325
Billed Revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, after allowance for credit loss, current	103,300	97,600
Unbilled Revenues
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable, after allowance for credit loss, current	$ 50,100	$ 45,200

Description of Business and _18

Description of Business and Summary of Significant Accounting Policies - Goodwill and Indefinite-Lived Intangible Assets (Details)	12 Months Ended
	Dec. 31, 2021reporting_unitsegment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Accounting Policies [Abstract]
Goodwill, impairment loss | $		$ 0	$ 0
Number of operating segments | segment	1
Number of reporting units | reporting_unit	1

Description of Business and _19

Description of Business and Summary of Significant Accounting Policies - Schedule of Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 949,037	$ 952,404
Additions for current year acquisitions	0	11,241
Adjustments for final purchase accounting	1,201	725
Foreign currency translation adjustments	(10,989)	(15,333)
Goodwill, ending balance	$ 939,249	$ 949,037

Description of Business and _20

Description of Business and Summary of Significant Accounting Policies - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Total intangibles	$ 140,700	$ 134,806
Accumulated amortization	(93,905)	(83,926)
Estimated future amortization expense	46,795	50,880
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Total intangibles	102,446	96,616
Developed technology
Finite-Lived Intangible Assets [Line Items]
Total intangibles	20,234	19,867
Airport contracts
Finite-Lived Intangible Assets [Line Items]
Total intangibles	4,441	4,523
Store networks
Finite-Lived Intangible Assets [Line Items]
Total intangibles	2,396	2,440
Dealer networks
Finite-Lived Intangible Assets [Line Items]
Total intangibles	6,534	6,653
Brand
Finite-Lived Intangible Assets [Line Items]
Total intangibles	880	896
Trademarks
Finite-Lived Intangible Assets [Line Items]
Total intangibles	2,696	2,700
Non-compete agreements
Finite-Lived Intangible Assets [Line Items]
Total intangibles	721	759
Database
Finite-Lived Intangible Assets [Line Items]
Total intangibles	212	212
Backlog
Finite-Lived Intangible Assets [Line Items]
Total intangibles	140	140
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Customer/territorial relationships	$ 16,647	$ 21,647

Description of Business and _21

Description of Business and Summary of Significant Accounting Policies - Advertising (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Accounting Policies [Abstract]
Advertising expense	$ 6.3	$ 4.8	$ 9.7

Description of Business and _22

Description of Business and Summary of Significant Accounting Policies - Sales Commissions (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Accounting Policies [Abstract]
Deferred sales commissions	$ 479	$ 650
Amortization of deferred sales commissions	$ 1,100	$ 763

Description of Business and _23

Description of Business and Summary of Significant Accounting Policies - Property, Plant and Equipment Useful Life (Details)	12 Months Ended
	Dec. 31, 2021
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	39 years
Building Improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	15 years
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	5 years
Furniture, fixtures and other
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	7 years
Software
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	3 years
Land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	20 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, estimated useful life	7 years

Description of Business and _24

Description of Business and Summary of Significant Accounting Policies - Additional Information (Details)	3 Months Ended	12 Months Ended
	Sep. 30, 2020USD ($)	Dec. 31, 2021USD ($)product_service_group	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2009USD ($)
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Impairment of intangible asset		$ 0	$ 6,168,000	$ 0
Operating revenue:		994,938,000	625,609,000	580,615,000
Total intangibles		140,700,000	134,806,000
Amortization expense, acquired intangible assets		$ 10,400,000	9,500,000	10,200,000
Number of product/service channels | product_service_group		3
Customer relationships | E-Z Data
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Indefinite-lived intangible assets acquired					$ 14,200,000
EbixHealth JV | IHC
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Impairment of intangible asset			6,200,000
Customer relationships
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 102,446,000	$ 96,616,000
Customer relationships | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		4 years
Customer relationships | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		20 years
Customer relationships | E-Z Data
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life	15 years
Total intangibles	$ 14,200,000
Customer relationships | EbixHealth JV
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		10 years
Customer relationships | EbixHealth JV | IHC
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life			10 years
Amortization expense, acquired intangible assets		$ 500,000
Developed technology
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 20,234,000	$ 19,867,000
Developed technology | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		3 years
Developed technology | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		15 years
Airport contracts
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 4,441,000	4,523,000
Airport contracts | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		9 years
Store networks
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 2,396,000	2,440,000
Store networks | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		5 years
Dealer networks
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 6,534,000	6,653,000
Dealer networks | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		15 years
Dealer networks | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		20 years
Brand
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 880,000	896,000
Brand | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		3 years
Brand | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		15 years
Trademarks
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 2,696,000	2,700,000
Trademarks | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		3 years
Trademarks | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		15 years
Non-compete agreements
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 721,000	759,000
Non-compete agreements | Minimum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		5 years
Non-compete agreements | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		7 years
Database
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Total intangibles		$ 212,000	212,000
Database | Maximum
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Finite-lived intangible asset, useful life		10 years
India
Finite-Lived and Indefinite Lived Intangible Lived Assets [Line Items]
Operating revenue:		$ 755,543,000	$ 378,660,000	$ 300,678,000

Earnings per Share (Details)

Earnings per Share (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Earnings per share:
Basic earnings per common share (in dollars per share)	$ 2.23	$ 3.03	$ 3.17
Diluted earnings per common share (in dollars per share)	$ 2.22	$ 3.02	$ 3.16
Basic weighted average shares outstanding (in shares)	30,625,000	30,510,000	30,511,000
Diluted weighted average shares outstanding (in shares)	30,664,000	30,571,000	30,594,000
Antidilutive securities excluded from computation (in shares)	177,000	181,875	181,875
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic weighted average shares outstanding (in shares)	30,625,000	30,510,000	30,511,000
Incremental shares for common stock equivalents (in shares)	39,000	61,000	83,000
Diluted shares outstanding (in shares)	30,664,000	30,571,000	30,594,000

Business Combinations - Narrati

Business Combinations - Narrative (Details)	Oct. 01, 2020USD ($)contact_center	May 04, 2020USD ($)	Dec. 31, 2021USD ($)company	Dec. 31, 2020USD ($)company	Dec. 31, 2019USD ($)
Business Acquisition [Line Items]
Reduction of acquisition earn-out contingent liability			$ 0	$ (3,105,000)	$ (16,543,000)
Contingent liabilities			$ 2,600,000	$ 0
Number of businesses acquired | company			0	2
Amortization expense, acquired intangible assets			$ 10,400,000	$ 9,500,000	$ 10,200,000
Trimax
Business Acquisition [Line Items]
Business acquisition, cost of acquired entity, cash paid		$ 9,900,000
Preferred interest, term		5 years
Maximum value of preferred interest		$ 9,900,000
AssureEdge
Business Acquisition [Line Items]
Business acquisition, cost of acquired entity, cash paid	$ 5,000,000
Number of contact centers | contact_center	6
Ownership percentage	70.00%

Business Combinations - Recogni

Business Combinations - Recognized Intangible Assets, Goodwill and Earn-Out Provisions (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020	Oct. 01, 2020	May 04, 2020	Dec. 31, 2019
Business Acquisition [Line Items]
Goodwill	$ 939,249	$ 949,037			$ 952,404
Contingent Earn-Out Provision	$ 2,557	0			$ 10,095
Final Allocation
Business Acquisition [Line Items]
Goodwill		13,122
Intangible Assets		1,670
Contingent Earn-Out Provision		$ 2,560
Final Allocation | Trimax
Business Acquisition [Line Items]
Goodwill				$ 9,930
Intangible Assets				873
Contingent Earn-Out Provision				$ 2,560
Final Allocation | AssureEdge
Business Acquisition [Line Items]
Goodwill			$ 3,192
Intangible Assets			797
Contingent Earn-Out Provision			$ 0

Business Combinations - Net Ass

Business Combinations - Net Assets Acquired (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2021	Dec. 31, 2019
Business Acquisition [Line Items]
Contingent earn-out consideration arrangement (net)	$ 0	$ 2,557
Additions for current year acquisitions	949,037	$ 939,249	$ 952,404
AssureEdge And Trimax
Business Acquisition [Line Items]
Cash	13,774
Consideration payable	1,568
Contingent earn-out consideration arrangement (net)	2,560
Total consideration transferred	17,902
Recognition of noncontrolling interest of joint ventures	1,350
Total equity components recorded	1,350
Total consideration transferred and equity components recorded	19,252
Cash, net of adjustment	1,358
Other current assets	2,812
Property, plant, and equipment	3,451
Other long-term assets	103
Intangible assets, definite-lived	1,670
Current and other liabilities, net of consideration transferred	(3,264)
Net assets acquired, excludes goodwill	6,130
Additions for current year acquisitions	13,122
Total net assets acquired	$ 19,252

Business Combinations - Intangi

Business Combinations - Intangible Assets Acquired (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2020USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, fair value	$ 1,670
Acquired intangible assets, weighted average useful life (in years)	7 years 3 months 18 days
Customer contracts and related customer relationship
Acquired Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, fair value	$ 1,203
Acquired intangible assets, weighted average useful life (in years)	8 years 2 months 12 days
Developed technology
Acquired Finite-Lived Intangible Assets [Line Items]
Total acquired intangible assets, fair value	$ 467
Acquired intangible assets, weighted average useful life (in years)	5 years

Business Combinations - Future

Business Combinations - Future Amortization Expense (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Acquired Intangible Assets, Amortization Expense, Fiscal Year Maturity [Abstract]
For the year ended December 31, 2022	$ 9,695
For the year ended December 31, 2023	7,692
For the year ended December 31, 2024	5,934
For the year ended December 31, 2025	4,530
For the year ended December 31, 2026	3,771
Thereafter	15,173
Estimated future amortization expense	$ 46,795	$ 50,880

Credit Facility (Details)

Credit Facility (Details)	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Mar. 30, 2020	Aug. 05, 2014USD ($)
Line of Credit Facility [Line Items]
Prepayment of term loan	$ 42,594,000	$ 20,711,000	$ 15,063,000
Deferred financing costs, current	1,635,000	920,000
Deferred financing costs, noncurrent	261,000	1,062,000
Regions Bank
Line of Credit Facility [Line Items]
Credit agreement, amount outstanding	212,900,000
Leverage ratio				5
Net leverage ratio				3.50
Regions Bank | Secured Syndicated Credit Facility, Ninth Amendment
Line of Credit Facility [Line Items]
Credit card origination costs	4,700,000	4,900,000
Revolving Credit Facility | Regions Bank
Line of Credit Facility [Line Items]
Credit agreement, maximum borrowing capacity					$ 450,000,000
Revolving Credit Facility | Regions Bank | Secured Syndicated Credit Facility
Line of Credit Facility [Line Items]
Credit agreement, amount outstanding	$ 439,400,000	439,400,000
Line of credit, interest rate at period end	5.50%
Credit agreement, average amount outstanding during period	$ 439,400,000	438,900,000
Credit agreement, maximum amount outstanding during period	$ 439,400,000	$ 439,400,000
Weighted average interest rate	5.20%	4.04%
Proceeds from lines of credit		$ 1,400,000
Interest rate		3.50%
Revolving Credit Facility | Regions Bank | Secured Syndicated Credit Facility, Ninth Amendment
Line of Credit Facility [Line Items]
Credit card origination costs	$ 2,800,000	$ 2,900,000
Secured Term Loan | Regions Bank | Secured Syndicated Credit Facility, Ninth Amendment
Line of Credit Facility [Line Items]
Line of credit, interest rate at period end	5.50%
Credit agreement, maximum amount outstanding during period		$ 255,500,000
Weighted average interest rate	5.12%	4.04%
Loans payable	$ 212,900,000
Loans payable, current	28,200,000	$ 22,600,000
Prepayment of term loan	42,600,000
Periodic payment	22,600,000
Long-term debt, gross	184,600,000
Interest rate		3.50%
Credit card origination costs	1,900,000	$ 2,000,000
Deferred financing costs, current	1,600,000	919,000
Deferred financing costs, noncurrent	$ 261,000	$ 1,100,000

Commitments and Contingencies -

Commitments and Contingencies - Narrative (Details) $ in Thousands	May 12, 2017earn_out_payment	Dec. 31, 2021USD ($)$ / Person	Dec. 31, 2020USD ($)
Commitments and Contingencies [Line Items]
Number of earnout payments | earn_out_payment	2
Amount of self-insured health Insurance, aggregate liability based on participants		$ 45
Self-insured health insurance, liability		498	$ 345
Health insurance expenses, claims of self Insured plan		2,500	1,800
India
Commitments and Contingencies [Line Items]
Self-insured health insurance, liability		$ 3,800	$ 4,300
Maximum
Commitments and Contingencies [Line Items]
Self-insured health insurance limit, per person | $ / Person		150,000
Self-insured health Insurance, aggregate liability based on participants and claims (percentage)		125.00%
Self-insured health insurance, estimated cumulative liability for annual contract		$ 4,600
Maximum | India
Commitments and Contingencies [Line Items]
Self-insured health insurance limit, per person | $ / Person		28,000

Share-Based Compensation - Valu

Share-Based Compensation - Valuation Assumptions (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)plan$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of plans | plan	2
Share-based Compensation, Fair Value Assumptions [Abstract]
Weighted average fair values of stock options granted (in dollars per share) | $ / shares	$ 15.53	$ 15.58	$ 12.68
Expected volatility	77.10%	64.70%	36.00%
Expected dividends	0.99%	0.84%	0.65%
Weighted average risk-free interest rate	0.93%	0.24%	1.72%
Expected life of stock options (in years)	3 years 6 months	3 years 6 months	3 years 6 months
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock compensation expense | $	$ 539	$ 517	$ 537
Employee and Non-employees
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted (in shares) | shares	0	0	0

Share-Based Compensation - Stoc

Share-Based Compensation - Stock Option Activity (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Stock Options, Outstanding, Weighted Average Exercise Price [Roll Forward]
Stock options, weighted average exercise price, beginning balance (in dollars per share)	$ 45.97	$ 43.78	$ 42.75
Stock options, granted, weighted average exercise price (in dollars per share)	30.40	35.70	46.75
Stock options, exercised, weighted average exercise price (in dollars per share)	0	21.19	0
Stock options, canceled, weighted average exercise price (in dollars per share)	49.22	28.59	46.66
Stock options, weighted average exercise price, ending balance (in dollars per share)	42.38	$ 45.97	$ 43.78	$ 42.75
Stock options, exercisable, weighted average exercise price, ending balance (in dollars per share)	$ 47.43
Stock Options, Additional Disclosures [Abstract]
Stock options outstanding, weighted average remaining contractual term (in years)	2 years 9 months 18 days	2 years 6 months 25 days	2 years 7 months 6 days	3 years 18 days
Stock options, exercisable, weighted average remaining contractual term, ending balance (in years)	1 year 10 months 2 days
Stock options outstanding, aggregate intrinsic value	$ 0	$ 0	$ 0	$ 0
Stock options, exercisable, aggregate intrinsic value, ending balance	0
Cash received or the value of stocks canceled from options exercises	0	127,000	0
Stock Options
Stock Options, Additional Disclosures [Abstract]
Stock options exercised in period, intrinsic value	$ 0	$ 341,000	$ 0
Within Plans
Stock Options, Outstanding [Roll Forward]
Stock options outstanding, beginning balance (in shares)	217,875	217,875	162,000
Granted (in shares)	42,000	36,000	66,000
Exercised (in shares)	0	(30,000)	0
Canceled (in shares)	(40,875)	(6,000)	(10,125)
Stock options outstanding, ending balance (in shares)	219,000	217,875	217,875	162,000
Stock options exercisable, ending balance (in shares)	114,000

Share-Based Compensation - Nonv

Share-Based Compensation - Nonvested Options (Details) - Nonvested Option Shares - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Nonvested Awards, Number of Shares [Roll Forward]
Nonvested awards, beginning balance (in shares)	102,750	108,750	81,750
Granted (in shares)	42,000	36,000	66,000
Vested (in shares)	(39,750)	(42,000)	(28,875)
Canceled (in shares)	0	0	(10,125)
Nonvested awards, ending balance (in shares)	105,000	102,750	108,750
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Exercise Price [Roll Forward]
Nonvested options, beginning balance (in dollars per share)	$ 42.40	$ 46.65	$ 47.21
Granted (in dollars per share)	30.40	35.70	46.75
Vested (in dollars per share)	44.24	47.66	48.46
Canceled (in dollars per share)	0	0	46.66
Nonvested options, ending balance (in dollars per share)	$ 36.90	$ 42.40	$ 46.65

Share-Based Compensation - Opti

Share-Based Compensation - Option Price Ranges (Details) - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Options Outstanding, Number Outstanding (in shares)	219,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	2 years 9 months 18 days	2 years 6 months 25 days	2 years 7 months 6 days	3 years 18 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 42.38
Options Exercisable, Number of Shares	114,000
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 47.43
$30.40 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	30.4
Shares authorized under stock option plans, exercise price range, upper range limit	$ 30.4
Options Outstanding, Number Outstanding (in shares)	42,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	11 months 8 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 5.83
Options Exercisable, Number of Shares	0
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 0
$35.70 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	35.7
Shares authorized under stock option plans, exercise price range, upper range limit	$ 35.7
Options Outstanding, Number Outstanding (in shares)	36,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	7 months 24 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 5.87
Options Exercisable, Number of Shares	9,000
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 2.82
$41.60 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	41.6
Shares authorized under stock option plans, exercise price range, upper range limit	$ 41.6
Options Outstanding, Number Outstanding (in shares)	36,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	5 months 12 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 6.84
Options Exercisable, Number of Shares	20,250
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 7.39
$42.56 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	42.56
Shares authorized under stock option plans, exercise price range, upper range limit	$ 42.56
Options Outstanding, Number Outstanding (in shares)	36,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	3 months 29 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 6.99
Options Exercisable, Number of Shares	27,000
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 10.08
$52.92 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	52.92
Shares authorized under stock option plans, exercise price range, upper range limit	$ 52.92
Options Outstanding, Number Outstanding (in shares)	30,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	3 months 29 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 7.25
Options Exercisable, Number of Shares	18,750
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 8.70
$53.90 Exercise Price Range
Share-based Payment Arrangement, Option, Exercise Price Range [Line Items]
Shares authorized under stock option plans, exercise price range, lower range limit	53.9
Shares authorized under stock option plans, exercise price range, upper range limit	$ 53.9
Options Outstanding, Number Outstanding (in shares)	39,000
Options Outstanding, Weighted-Average Remaining Contractual Life (Years)	1 month 2 days
Options Outstanding, Weighted-Average Exercise Price (in dollars per share)	$ 9.60
Options Exercisable, Number of Shares	39,000
Options Exercisable, Weighted-Average Exercise Price (in dollars per share)	$ 18.44

Share-Based Compensation - No_2

Share-Based Compensation - Nonvested Restricted Stock (Details) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)Installment$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / sharesshares
Nonvested Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Weighted average period to recognize nonvested awards (in years)	1 year 5 months 19 days
Common shares reserved for stock option and restricted stock grants	8,600,000
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting rate, initial year	33.33%
Quarterly award vesting installments after initial year | Installment	8
Nonvested Awards, Number of Shares [Roll Forward]
Nonvested awards, beginning balance (in shares)	427,539	107,954	40,416
Granted (in shares)	8,979	388,089	91,658
Vested (in shares)	(213,993)	(68,504)	(24,120)
Forfeited (in shares)	0	0	0
Nonvested awards, ending balance (in shares)	222,525	427,539	107,954
Nonvested Awards, Weighted Average Grant Date Fair Value [Roll Forward]
Nonvested awards outstanding, beginning balance (in dollars per share) | $ / shares	$ 26.86	$ 52.08	$ 58.60
Granted (in dollars per share) | $ / shares	27.84	24.37	50.54
Vested (in dollars per share) | $ / shares	29.08	52.49	57.14
Forfeited (in dollars per share) | $ / shares	0	0	0
Nonvested awards outstanding, ending balance (in dollars per share) | $ / shares	$ 24.76	$ 26.86	$ 52.08
Stock compensation expense recognized on restricted grants | $	$ 4.8	$ 4.3	$ 2.9
Unrecognized compensation cost, share-based compensation arrangements | $	4.5
Fair value of shares vested during period | $	$ 6.2	$ 3.6	$ 1.4

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Operating Loss Carryforwards [Line Items]
Effective tax rate	9.00%	5.70%	0.20%
Foreign income tax holiday, term	15 years
Undistributed earnings of foreign subsidiaries	$ 864,600
Unrecognized tax benefits	2,300	$ 3,000
Reserve for potential uncertain income tax return positions	6,200	8,291	$ 9,199	$ 9,294
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	$ 46,851	$ 46,851

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Current:
US federal	$ 3,480	$ (249)	$ 1,378
US state	250	(406)	909
Non US	13,219	10,681	12,861
Current income tax provision	16,949	10,026	15,148
Deferred:
US federal	(4,802)	(1,220)	(3,781)
US state	(1,288)	(657)	(3,107)
Non US	(4,275)	(2,819)	(8,040)
Deferred income tax provision	(10,365)	(4,696)	(14,928)
Total provision for income taxes	$ 6,584	$ 5,330	$ 220

Income Taxes - Pre-Tax Income (

Income Taxes - Pre-Tax Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
US	$ (33,311)	$ (27,528)	$ (47,574)
Non US	106,834	121,685	138,365
Total	$ 73,523	$ 94,157	$ 90,791

Income Taxes - Effective Income

Income Taxes - Effective Income Tax Rates Reconciliation (Details)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Statutory US federal income tax rate	21.00%	21.00%	21.00%
US state income taxes, net of federal benefit	(1.10%)	(0.90%)	(2.30%)
Non-US tax rate differential	(3.20%)	(12.20%)	(13.60%)
GILTI Related	13.70%	12.50%	18.60%
Tax holidays	(14.30%)	(4.00%)	(6.00%)
Tax Credits	(9.50%)	(10.00%)	(15.00%)
Passive income exemption	0.00%	(0.40%)	(1.20%)
Acquisition contingent earn-out liability adjustments	0.00%	(0.70%)	(4.00%)
Nondeductible items	0.90%	2.00%	1.00%
Effect of valuation allowance	0.60%	(1.20%)	1.20%
Prior year Transition Tax and related true-ups	1.40%	0.50%	0.70%
Uncertain tax positions	(0.50%)	(1.00%)	(0.10%)
Other	0.00%	0.00%	(0.10%)
Effective tax rate from ongoing operations	9.00%	5.70%	0.20%

Income Taxes - Deferred Income

Income Taxes - Deferred Income Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	$ 103,296	$ 91,680
Valuation allowance	(999)	(2,160)
Deferred tax assets, net of valuation allowance	102,297	89,520
Deferred tax liabilities, gross	18,933	16,521
Deferred tax liabilities, net	18,933	16,521
Depreciation and amortization
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	0	0
Deferred tax liabilities, gross	6,424	3,450
Share-based compensation
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	307	451
Deferred tax liabilities, gross	0	0
Accruals and prepaids
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	5,613	6,586
Deferred tax liabilities, gross	0	0
Bad debts
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	6,139	2,727
Deferred tax liabilities, gross	0	0
Acquired intangible assets
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	0	0
Deferred tax liabilities, gross	12,509	13,071
Net operating loss carryforwards
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	37,242	33,247
Deferred tax liabilities, gross	0	0
Tax credit carryforwards (primarily Minimum Alternative Tax ("MAT") in India)
Operating Loss Carryforwards [Line Items]
Total deferred income tax assets	53,995	48,669
Deferred tax liabilities, gross	$ 0	$ 0

Income Taxes - Operating losses

Income Taxes - Operating losses and credit carryforwards (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
US Federal loss carryforwards
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	$ 52,544	$ 55,029
Tax credit carryforward, amount	7,144	1,818
US state loss carryforwards
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	85,635	79,907
Foreign Tax Authority
Operating Loss Carryforwards [Line Items]
Operating loss carryforwards	90,826	73,922
Tax credit carryforward, amount	$ 46,851	$ 46,851

Income Taxes - Unrecognized Tax

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 8,291	$ 9,199	$ 9,294
Additions for tax positions related to current year	0	0	0
Additions for tax positions of prior years	769	966	195
Reductions for tax position of prior years	(2,860)	(1,874)	(290)
Ending Balance	$ 6,200	$ 8,291	$ 9,199

Stock Repurchases (Details)

Stock Repurchases (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Feb. 06, 2017
Stock Repurchases [Abstract]
Stock repurchase program, authorized repurchase amount			$ 150,000,000
Stock repurchased during period (in shares)	0	0
Stock repurchase program, remaining authorized repurchase amount	$ 80,100,000

Accounts Payable and Accrued _3

Accounts Payable and Accrued Expenses (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Accounts Payable and Accrued Liabilities, Current [Abstract]
Trade accounts payable	$ 70,514	$ 56,636
Accrued professional fees	2,526	1,268
Income taxes payable	1,767	3,429
Sales taxes payable	3,802	3,431
Other accrued liabilities	7,572	0
Total	86,181	64,764
Long-term accrued income taxes	$ 13,300	$ 15,000

Other Current Assets (Details)

Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Prepaid Expense and Other Assets, Current [Abstract]
Prepaid expenses	$ 70,520	$ 57,017
Sales taxes receivable from customers	5,058	4,588
Other third party receivables	3,921	3,530
Short-term portion of capitalized costs to obtain and fulfill contracts	910	646
Credit card merchant account balance receivable	681	848
Accrued interest receivable	206	355
Other	3,093	4,677
Total	$ 84,389	$ 71,661

Other Current Liabilities (Deta

Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Other Liabilities, Current [Abstract]
Acquisition obligations (contingent consideration)	$ 2,444	$ 2,443
Customer advances (deposits)	24,393	25,043
Total	$ 26,837	$ 27,486

Property and Equipment (Details

Property and Equipment (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 81,868	$ 78,536
Less accumulated depreciation and amortization	(27,509)	(26,015)
Property and equipment, net	54,359	52,521
Depreciation expense	4,800	4,200	$ 4,300
Computer equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	27,300	26,357
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	28,569	26,564
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	10,320	10,386
Land improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	7,195	7,195
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	1,105	763
Furniture, fixtures and other
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 7,379	$ 7,271

Cash Option Profit Sharing Pl_2

Cash Option Profit Sharing Plan and Trust (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Defined Contribution Plan Disclosure [Line Items]
Contributions to 401(k) cash option profit sharing plan	$ 417	$ 508	$ 557
Foreign Plan
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, maximum annual contributions per employee, percent	12.00%
Contributions to 401(k) cash option profit sharing plan	$ 4,000	$ 2,600	$ 4,200
Maximum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employer matching contribution, percent of match	100.00%
Defined contribution plan, maximum annual contributions per employee, percent	1.00%
Minimum
Defined Contribution Plan Disclosure [Line Items]
Defined contribution plan, employer matching contribution, percent of match	50.00%
Defined contribution plan, maximum annual contributions per employee, percent	1.00%

Geographic Information (Details

Geographic Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2021USD ($)segment	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of operating segments | segment	1
Number of reportable segments | segment	1
Operating revenue:	$ 994,938	$ 625,609	$ 580,615
Long-lived assets	1,194,291	1,207,955	1,227,684
India
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	755,543	378,660	300,678
Long-lived assets	693,709	698,936	700,986
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	155,346	166,320	182,530
Long-lived assets	377,305	381,782	395,225
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	37,820	33,846	33,268
Long-lived assets	2,928	3,581	3,541
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	16,366	13,145	14,695
Long-lived assets	23,304	22,900	24,508
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	12,901	14,801	19,755
Long-lived assets	12,696	13,723	17,176
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	5,333	4,383	4,805
Long-lived assets	5,886	6,930	7,012
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	3,875	3,969	6,549
Long-lived assets	17,260	19,336	18,282
New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	2,007	1,804	1,955
Long-lived assets	367	513	578
United Arab Emirates
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	1,982	3,335	683
Long-lived assets	54,254	54,789	54,887
Indonesia
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	1,981	3,206	9,706
Long-lived assets	95	139	117
Philippines
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	1,784	2,140	5,991
Long-lived assets	1,824	661	729
Mauritius
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	0	0	0
Long-lived assets	4,663	4,665	4,643
Indian led
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating revenue:	$ 762,300	$ 388,300	$ 320,000

Related Party Transactions (Det

Related Party Transactions (Details) - Ebix Vayam JV - Vayam - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related Party Transaction [Line Items]
Revenue from related party	$ 784	$ 667
Accounts receivable from related party	$ 17,000	$ 20,500

Investment in Joint Ventures (D

Investment in Joint Ventures (Details) - USD ($)	Feb. 07, 2016	Sep. 01, 2015	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of Equity Method Investments [Line Items]
Percentage of membership interest in joint venture by other party			10.00%	10.00%	10.00%
Allowance for doubtful accounts			$ 19,874,000	$ 22,691,000
Impairment of intangible asset			0	6,168,000	$ 0
Amortization expense, acquired intangible assets			10,400,000	9,500,000	$ 10,200,000
IHC
Schedule of Equity Method Investments [Line Items]
Revenue from related party			131,000	162,000
Accounts receivable from related party			154,000	63,000
Ebix Vayam JV
Schedule of Equity Method Investments [Line Items]
Ownership percentage	51.00%
Percentage of membership interest in joint venture by other party	49.00%
Ebix Vayam JV | Vayam
Schedule of Equity Method Investments [Line Items]
Revenue from related party			784,000	667,000
Accounts receivable from related party			17,000,000	20,500,000
Allowance for doubtful accounts			$ 7,000,000	11,300,000
EbixHealth JV
Schedule of Equity Method Investments [Line Items]
Ownership percentage		51.00%
Percentage of membership interest in joint venture by other party		49.00%
EbixHealth JV | Customer relationships
Schedule of Equity Method Investments [Line Items]
Finite-lived intangible asset, useful life			10 years
EbixHealth JV | IHC
Schedule of Equity Method Investments [Line Items]
Revenue from related party			$ 1,500,000	1,900,000
Accounts receivable from related party			83,000	2,000
Notes payable, related party			1,800,000
Impairment of intangible asset				$ 6,200,000
EbixHealth JV | IHC | Customer relationships
Schedule of Equity Method Investments [Line Items]
Finite-lived intangible asset, useful life				10 years
Amortization expense, acquired intangible assets			$ 500,000

Capitalized Software Developm_2

Capitalized Software Development Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Capitalized Software Development Costs [Line Items]
Capitalized software development costs	$ 5,700	$ 4,200
Capitalized software development costs for software sold to customers	21,600	19,400
Amortization of capitalized software development costs	$ 3,317	$ 3,367	$ 2,696
Property and Casualty Exchange
Capitalized Software Development Costs [Line Items]
Capitalized computer software, amortization period	5 years
EbixCash Exchanges
Capitalized Software Development Costs [Line Items]
Capitalized computer software, amortization period	5 years
Minimum | Continuing Medical Education Products
Capitalized Software Development Costs [Line Items]
Capitalized computer software, amortization period	3 years
Maximum | Continuing Medical Education Products
Capitalized Software Development Costs [Line Items]
Capitalized computer software, amortization period	5 years

Leases - Operating and Finance

Leases - Operating and Finance Lease Liability (Details) - USD ($) $ in Thousands	Dec. 31, 2021	Dec. 31, 2020
Leases, Operating [Abstract]
2022	$ 3,583
2023	3,180
2024	1,833
2025	1,228
2026	460
Thereafter	1,079
Total	11,363
Less: present value discount*	(1,051)
Present value of lease liabilities	10,312
Less: current portion of lease liabilities	(3,173)	$ (3,905)
Total long-term lease liabilities	7,139	8,540
Lessee, Finance Lease, Description [Abstract]
2022	207
2023	158
2024	133
2025	19
2026	0
Thereafter	0
Total	517
Less: present value discount	(38)
Present value of lease liabilities	479
Less: current portion of lease liabilities	(185)
Total long-term lease liabilities	294
Operating And Finance Lease Liabilities, Payments Due [Abstract]
2022	3,790
2023	3,338
2024	1,966
2025	1,247
2026	460
Thereafter	1,079
Total	11,880
Less: present value discount	(1,089)
Present value of lease liabilities	10,791
Less: current portion of lease liabilities	(3,358)
Total long-term lease liabilities	7,433
Right-of-use assets	$ 10,051	$ 12,372

Leases - Lease Costs (Details)

Leases - Lease Costs (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating Lease Cost	$ 4,860	$ 7,051
Amortization of Lease Assets	194	161
Interest on Lease liabilities	35	39
Finance Lease Cost	229	200
Sublease Income	(118)	(476)
Total Net Lease Cost	$ 4,971	$ 6,775

Leases - Other Operating and Fi

Leases - Other Operating and Finance Lease Information (Details)	Dec. 31, 2021
Leases [Abstract]
Weighted Average Lease Term - Operating Leases	4 years 2 months 26 days
Weighted Average Lease Term - Finance Leases	2 years 9 months 14 days
Weighted Average Discount Rate - Operating Leases	7.00%
Weighted Average Discount Rate - Finance Leases	6.39%

Leases - Operating leases, Futu

Leases - Operating leases, Future Minimum Payments Due, Fiscal Maturity (Details) $ in Thousands	Dec. 31, 2021USD ($)
Operating Leases
2022	$ 3,583
2023	3,180
2024	1,833
2025	1,228
2026	460
Thereafter	1,079
Total	11,363
Less: sublease income	(118)
Net lease payments	11,245
Financing Leases
2022	207
2023	158
2024	133
2025	19
2026	0
Thereafter	0
Total	517
Less: amount representing interest	35
Present value of obligations under financing leases	552
Less: current portion	(185)
Long-term obligations	$ 367

Leases - Non Lease Arrangements

Leases - Non Lease Arrangements Future Commitments (Details) $ in Thousands	Dec. 31, 2021USD ($)
Leases [Abstract]
2022	$ 17,406
2023	16,996
Thereafter	0
Total	$ 34,402

Leases - Rental Expense (Detail

Leases - Rental Expense (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies [Line Items]
Rental expense	$ 10.5	$ 14
Minimum
Commitments and Contingencies [Line Items]
Term of finance lease	3 years
Maximum
Commitments and Contingencies [Line Items]
Term of finance lease	5 years

Working Capital Facilities (Det

Working Capital Facilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Line of Credit Facility [Line Items]
Working capital facilities	$ 5,607	$ 16,643
India | Minimum | Bank Overdrafts
Line of Credit Facility [Line Items]
Line of credit facility, interest rate during period	9.00%
India | Maximum | Bank Overdrafts
Line of Credit Facility [Line Items]
Line of credit facility, interest rate during period	10.00%

Concentrations of Credit Risk (

Concentrations of Credit Risk (Details) - USD ($) $ in Thousands	Feb. 07, 2016	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Concentration Risk [Line Items]
Percentage of membership interest in joint venture by other party		10.00%	10.00%	10.00%
Allowance for doubtful accounts		$ 19,874	$ 22,691
Customer Concentration Risk | Accounts Receivable | Largest Customer
Concentration Risk [Line Items]
Concentration risk, percentage		10.00%
Ebix Vayam JV
Concentration Risk [Line Items]
Ownership percentage	51.00%
Percentage of membership interest in joint venture by other party	49.00%
Vayam | Ebix Vayam JV
Concentration Risk [Line Items]
Revenue from related party		$ 784	667
Accounts receivable from related party		17,000	20,500
Allowance for doubtful accounts		$ 7,000	$ 11,300

Subsequent Events (Details)

Subsequent Events (Details) $ / shares in Units, ₨ in Millions, $ in Millions	Mar. 16, 2022$ / shares	Mar. 09, 2022INR (₨)	Mar. 09, 2022USD ($)	Dec. 31, 2021$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares
Subsequent Event [Line Items]
Common stock, dividends, cash paid (in dollars per share) | $ / shares				$ 0.30	$ 0.30	$ 0.30
Forecast
Subsequent Event [Line Items]
Common stock, dividends, cash paid (in dollars per share) | $ / shares	$ 0.075
Subsequent Event | EbixCash Limited
Subsequent Event [Line Items]
Working capital requirements | $			$ 130
Subsequent Event | IPO | EbixCash Limited
Subsequent Event [Line Items]
Aggregate amount		₨ 60,000	787
Purchase of debentures | $			$ 350

Schedule II - Valuation and Q_2

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
SEC Schedule, 12-09, Allowance, Credit Loss
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	$ 22,691	$ 21,696	$ 6,969
Provision (benefit) for doubtful accounts	(2,334)	1,749	12,325
Write-off of accounts receivable against allowance	(483)	(754)	(2,290)
Other (opening balance adjustments on acquisitions)	0	0	4,692
Ending Balance	19,874	22,691	21,696
SEC Schedule, 12-09, Valuation Allowance, Operating Loss Carryforward
SEC Schedule, 12-09, Movement in Valuation Allowances and Reserves [Roll Forward]
Beginning Balance	2,160	3,288	2,031
Decrease (increase)	1,161	1,128	(1,257)
Ending Balance	$ 999	$ 2,160	$ 3,288