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Revenues | 9 Months Ended
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Sep. 30, 2021
Revenue from Contract with Customer [Abstract] |
Revenues |
3. | Revenues
In accordance with Topic 606, revenue is recognized when, or as, performance obligations are satisfied as defined by the terms of the applicable contract, in an amount that reflects the consideration to which the Company expects to be entitled in exchange for goods or services provided. The following tables disaggregate the Company’s consolidated revenues:
| Three Months Ended September 30, 2021
(In thousands) | Fleet Solutions |  | Travel and Corporate Solutions |  | Health and Employee Benefit Solutions |  | Total
Topic 606 revenues |  |  |  |  |  |  |
Payment processing revenue | $ | 130,006 |  |  | $ | 79,815 |  |  | $ | 16,305 |  |  | $ | 226,126 |
Account servicing revenue | 4,457 |  |  | 10,908 |  |  | 83,145 |  |  | 98,510 |
Other revenue | 21,376 |  |  | (636) |  |  | 5,909 |  |  | 26,649 |
Total Topic 606 revenues | $ | 155,839 |  |  | $ | 90,087 |  |  | $ | 105,359 |  |  | $ | 351,285 |
Non-Topic 606 revenues | 130,522 |  |  | 915 |  |  | 42 |  |  | 131,479 |
Total revenues | $ | 286,361 |  |  | $ | 91,002 |  |  | $ | 105,401 |  |  | $ | 482,764 |
| Three Months Ended September 30, 2020
(In thousands) | Fleet Solutions |  | Travel and Corporate Solutions |  | Health and Employee Benefit Solutions |  | Total
Topic 606 revenues |  |  |  |  |  |  |
Payment processing revenue | $ | 102,418 |  |  | $ | 53,239 |  |  | $ | 15,420 |  |  | $ | 171,077 |
Account servicing revenue | 4,436 |  |  | 9,964 |  |  | 63,103 |  |  | 77,503 |
Other revenue | 20,778 |  |  | 529 |  |  | 7,655 |  |  | 28,962 |
Total Topic 606 revenues | $ | 127,632 |  |  | $ | 63,732 |  |  | $ | 86,178 |  |  | $ | 277,542 |
Non-Topic 606 revenues | 101,072 |  |  | 564 |  |  | 2,938 |  |  | 104,574 |
Total revenues | $ | 228,704 |  |  | $ | 64,296 |  |  | $ | 89,116 |  |  | $ | 382,116 |
| Nine Months Ended September 30, 2021
(In thousands) | Fleet Solutions |  | Travel and Corporate Solutions |  | Health and Employee Benefit Solutions |  | Total
Topic 606 revenues |  |  |  |  |  |  |
Payment processing revenue | $ | 367,032 |  |  | $ | 205,345 |  |  | $ | 55,564 |  |  | $ | 627,941 |
Account servicing revenue | 13,162 |  |  | 32,817 |  |  | 230,572 |  |  | 276,551 |
Other revenue | 64,044 |  |  | 2,820 |  |  | 18,763 |  |  | 85,627 |
Total Topic 606 revenues | $ | 444,238 |  |  | $ | 240,982 |  |  | $ | 304,899 |  |  | $ | 990,119 |
Non-Topic 606 revenues | 360,348 |  |  | 2,424 |  |  | 113 |  |  | 362,885 |
Total revenues | $ | 804,586 |  |  | $ | 243,406 |  |  | $ | 305,012 |  |  | $ | 1,353,004 |
| Nine Months Ended September 30, 2020
(In thousands) | Fleet Solutions |  | Travel and Corporate Solutions |  | Health and Employee Benefit Solutions |  | Total
Topic 606 revenues |  |  |  |  |  |  |
Payment processing revenue | $ | 305,888 |  |  | $ | 166,768 |  |  | $ | 49,919 |  |  | $ | 522,575 |
Account servicing revenue | 13,146 |  |  | 31,210 |  |  | 189,274 |  |  | 233,630 |
Other revenue | 59,797 |  |  | 1,645 |  |  | 27,143 |  |  | 88,585 |
Total Topic 606 revenues | $ | 378,831 |  |  | $ | 199,623 |  |  | $ | 266,336 |  |  | $ | 844,790 |
Non-Topic 606 revenues | 304,100 |  |  | 3,527 |  |  | 8,462 |  |  | 316,089 |
Total revenues | $ | 682,931 |  |  | $ | 203,150 |  |  | $ | 274,798 |  |  | $ | 1,160,879 |
Substantially all revenues relate to services transferred to the customer over time. Contract Balances The majority of the Company’s receivables, which are excluded from the table below, are either due from cardholders who have not been deemed the Company’s customer as it relates to interchange income or from revenues earned outside of the scope of Topic 606. The Company’s contract assets consist of upfront payments made to customers under long-term contracts and are recorded upon the later of when the Company recognizes revenue for the transfer of the related goods or services to the customer or the Company pays or promises to pay the consideration. The resulting asset is amortized against revenue as the Company performs its obligations under these arrangements. The Company’s contract liabilities consist of customer payments received before the Company has satisfied the associated performance obligations. The following table provides information about these contract balances:
(In thousands) |  |  |  |  |  |
Contract balance |  | Location on the condensed consolidated balance sheets |  | September 30, 2021 |  | December 31, 2020
Receivables |  | Accounts receivable, net |  | $ | 45,316 |  |  | $ | 43,541 |
Contract assets |  | Prepaid expenses and other current assets |  | 12,589 |  |  | 5,495 |
Contract assets |  | Other assets |  | 40,112 |  |  | 19,927 |
Contract liabilities |  | Other current liabilities |  | 5,706 |  |  | 8,530 |
Contract liabilities |  | Other liabilities |  | 31,867 |  |  | 24,614 |
Refund liabilities |  | Accrued expenses |  | — |  |  | 5,265 |
During the nine months ended September 30, 2021, the Company recognized revenue of $3.5 million related to contract liabilities existing as of December 31, 2020. There were no material amounts recognized during the three months ended September 30, 2021 related to contract liabilities existing as of December 31, 2020. Remaining Performance Obligations The Company’s unsatisfied or partially unsatisfied performance obligations as of September 30, 2021 represent the remaining minimum monthly fees on a portion of contracts across the lines of business and contractually obligated professional services yet to be provided by the Company. The following table includes revenue expected to be recognized related to remaining performance obligations at the end of the reporting period and is not indicative of the Company’s future revenue, as it relates to an insignificant portion of the Company’s operations.
(In thousands) | Remaining 2021 |  | 2022 |  | 2023 |  | 2024 |  | 2025 |  | 2026 |  | Thereafter |  |  |  | Total
Minimum monthly fees 1 | $ | 19,436 |  |  | $ | 54,958 |  |  | $ | 34,567 |  |  | $ | 13,325 |  |  | $ | 5,806 |  |  | $ | 1,290 |  |  | $ | — |  |  |  |  | $ | 129,382 |
Professional services 2 | 5,180 |  |  | 2,988 |  |  | 21 |  |  | 6 |  |  | — |  |  | — |  |  | — |  |  |  |  | 8,195 |
Other 3 | 258 |  |  | 4,722 |  |  | 4,362 |  |  | 7,845 |  |  | 11,214 |  |  | 13,588 |  |  | 20,330 |  |  |  |  | 62,319 |
Total remaining performance obligations | $ | 24,874 |  |  | $ | 62,668 |  |  | $ | 38,950 |  |  | $ | 21,176 |  |  | $ | 17,020 |  |  | $ | 14,878 |  |  | $ | 20,330 |  |  |  |  | $ | 199,896 |
1 The transaction price allocated to the remaining performance obligations represents the minimum monthly fees on certain service contracts, which contain substantive termination penalties that require the counterparty to pay the Company for the aggregate remaining minimum monthly fees upon an early termination for convenience. 2 Includes software development projects and other services sold subsequent to the core offerings, to which the customer is contractually obligated. 3 Represents deferred revenue and contractual minimums associated with payment processing service obligations.

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- Definition The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -URI http://asc.fasb.org/topic&trid=49130388 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130551-203045 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 13 -Subparagraph (b)(2) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130556-203045 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130550-203045 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130558-203045 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 12 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=123351226&loc=SL49130554-203045 + Details
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