XML 37 R26.htm IDEA: XBRL DOCUMENT v3.21.2

Segment Information (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting [Abstract]

Schedule of Selected Financial Data by Reportable Segment

The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Revenue
Banks			$	114,051					$	125,386					$	209,968					$	231,207
Merchants			37,424						37,314						76,094						69,109
Billers			150,194						137,210						300,793						291,079
Total revenue			$	301,669					$	299,910					$	586,855					$	591,395
Segment Adjusted EBITDA
Banks			$	54,465					$	68,385					$	91,660					$	110,821
Merchants			13,041						12,838						27,766						19,256
Billers			34,603						34,305						68,624						64,539
Depreciation and amortization			(33,403)						(35,692)						(66,986)						(69,514)
Stock-based compensation expense			(7,720)						(7,932)						(14,423)						(14,882)
Corporate and unallocated expenses			(45,562)						(42,766)						(87,527)						(92,365)
Interest, net			(8,395)						(11,188)						(17,016)						(25,459)
Other, net			1,434						2,041						52						(7,717)
Income (loss) before income taxes			$	8,463					$	19,991					$	2,150					$	(15,321)

The following is revenue by the Company's reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Banks
Software as a service and platform as a service			$	14,482					$	13,710					$	28,761					$	27,155
License			33,913						47,642						51,931						74,738
Maintenance			49,132						48,530						97,262						97,642
Services			16,524						15,504						32,014						31,672
Total			$	114,051					$	125,386					$	209,968					$	231,207
Merchants
Software as a service and platform as a service			$	31,732					$	29,739					$	62,775					$	55,549
License			814						2,494						3,904						3,433
Maintenance			3,943						4,133						8,095						8,221
Services			935						948						1,320						1,906
Total			$	37,424					$	37,314					$	76,094					$	69,109
Billers
Software as a service and platform as a service			$	150,114					$	137,124					$	300,538					$	290,819
License			—						—						94						94
Maintenance			80						86						161						166
Services			—						—						—						—
Total			$	150,194					$	137,210					$	300,793					$	291,079

Schedule of Revenue by Primary Solution Category for Reportable Segments

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):

			Three Months Ended June 30, 2021
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	150,194					$	150,194
Digital Business Banking			15,700						—						—						15,700
Merchant Payments			—						37,424						—						37,424
Fraud Management			10,457						—						—						10,457
Real-Time Payments			17,711						—						—						17,711
Issuing and Acquiring			70,183						—						—						70,183
Total			$	114,051					$	37,424					$	150,194					$	301,669
			Three Months Ended June 30, 2020
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	137,210					$	137,210
Digital Business Banking			15,056						—						—						15,056
Merchant Payments			—						37,314						—						37,314
Fraud Management			7,400						—						—						7,400
Real-Time Payments			25,926						—						—						25,926
Issuing and Acquiring			77,004						—						—						77,004
Total			$	125,386					$	37,314					$	137,210					$	299,910
			Six Months Ended June 30, 2021
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	300,793					$	300,793
Digital Business Banking			30,792						—						—						30,792
Merchant Payments			—						76,094						—						76,094
Fraud Management			16,681						—						—						16,681
Real-Time Payments			30,896						—						—						30,896
Issuing and Acquiring			131,599						—						—						131,599
Total			$	209,968					$	76,094					$	300,793					$	586,855
			Six Months Ended June 30, 2020
			Banks						Merchants						Billers						Total
Primary Solution Categories
Bill Payments			$	—					$	—					$	291,079					$	291,079
Digital Business Banking			30,884						—						—						30,884
Merchant Payments			—						69,109						—						69,109
Fraud Management			13,670						—						—						13,670
Real-Time Payments			44,162						—						—						44,162
Issuing and Acquiring			142,491						—						—						142,491
Total			$	231,207					$	69,109					$	291,079					$	591,395

Schedule of Revenue by Geographic Location

The following is the Company's revenue by geographic location for the periods indicated (in thousands):

			Three Months Ended June 30,												Six Months Ended June 30,
			2021						2020						2021						2020
Revenue
United States			$	195,830					$	207,381					$	387,807					$	412,174
Other			105,839						92,529						199,048						179,221
Total			$	301,669					$	299,910					$	586,855					$	591,395

Schedule of Long-lived Assets by Geographic Location

The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):

			June 30, 2021						December 31, 2020
Long-lived Assets
United States			$	1,400,384					$	1,423,862
Other			724,709						750,651
Total			$	2,125,093					$	2,174,513

X

- Definition

Tabular disclosure of long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph b
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

+ Details

Name:	us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of revenue from external customers by geographic areas attributed to the entity's country of domicile and to foreign countries from which the entity derives revenue.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph a
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

+ Details

Name:	us-gaap_RevenueFromExternalCustomersByGeographicAreasTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of entity-wide revenues from external customers for each product or service or each group of similar products or services if the information is not provided as part of the reportable operating segment information.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

+ Details

Name:	us-gaap_ScheduleOfEntityWideInformationRevenueFromExternalCustomersByProductsAndServicesTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details

Name:	us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration