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Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Schedule of reportable segment results

The following tables present the Company’s reportable segment results for the three and nine months ended September 30, 2020 and 2019:

		For the Three Months Ended September 30, 2020
(in thousands)		EFT Processing				epay				Money Transfer				Corporate Services, Eliminations and Other				Consolidated
Total revenues		$	144,062			$	198,939			$	323,092			$	(1,742)			$	664,351
Operating expenses:
Direct operating costs		82,626				149,993				176,718				(1,739)				407,598
Salaries and benefits		25,182				16,108				52,035				8,252				101,577
Selling, general and administrative		8,577				8,455				36,601				1,592				55,225
Goodwill and acquired intangible assets impairment		—				—				1,467				—				1,467
Depreciation and amortization		21,516				2,134				8,645				117				32,412
Total operating expenses		137,901				176,690				275,466				8,222				598,279
Operating income (expense)		$	6,161			$	22,249			$	47,626			$	(9,964)			$	66,072

		For the Three Months Ended September 30, 2019
(in thousands)		EFT Processing				epay				Money Transfer				Corporate Services, Eliminations and Other				Consolidated
Total revenues		$	316,188			$	191,071			$	280,837			$	(1,110	)		$	786,986
Operating expenses:
Direct operating costs		111,116				145,410				149,663				(1,108		)		405,081
Salaries and benefits		23,936				15,188				51,555				10,675				101,354
Selling, general and administrative		12,191				8,838				35,820				1,866				58,715
Depreciation and amortization		18,044				1,572				8,151				79				27,846
Total operating expenses		165,287				171,008				245,189				11,512				592,996
Operating income (expense)		$	150,901			$	20,063			$	35,648			$	(12,622	)		$	193,990

		For the Nine Months Ended September 30, 2020
(in thousands)		EFT Processing				epay				Money Transfer				Corporate Services, Eliminations and Other				Consolidated
Total revenues		$	368,375			$	559,413			$	852,189			$	(3,916)			$	1,776,061
Operating expenses:
Direct operating costs		232,627				424,123				464,216				(3,901)				1,117,065
Salaries and benefits		68,562				46,996				154,958				23,253				293,769
Selling, general and administrative		29,033				25,928				108,355				6,017				169,333
Goodwill and acquired intangible assets impairment		21,861				—				84,160				—				106,021
Depreciation and amortization		61,772				5,629				25,793				276				93,470
Total operating expenses		413,855				502,676				837,482				25,645				1,779,658
Operating income (expense)		$	(45,480)			$	56,737			$	14,707			$	(29,561)			$	(3,597)

		For the Nine Months Ended September 30, 2019
(in thousands)		EFT Processing				epay				Money Transfer				Corporate Services, Eliminations and Other				Consolidated
Total revenues		$	693,837			$	551,345			$	814,201			$	(3,021	)		$	2,056,362
Operating expenses:
Direct operating costs		300,460				419,362				435,901				(2,998		)		1,152,725
Salaries and benefits		64,706				44,939				155,424				27,630				292,699
Selling, general and administrative		32,022				26,314				96,660				5,708				160,704
Depreciation and amortization		52,464				5,113				24,448				228				82,253
Total operating expenses		449,652				495,728				712,433				30,568				1,688,381
Operating income (expense)		$	244,185			$	55,617			$	101,768			$	(33,589	)		$	367,981

The following table presents the Company’s total assets by reportable segment:

	Total Assets as of
(in thousands)	September 30, 2020				December 31, 2019
EFT Processing	$	1,503,385			$	1,914,144
epay	812,444				962,671
Money Transfer	1,480,624				1,560,136
Corporate Services, Eliminations and Other	298,903				220,715
Total	$	4,095,356			$	4,657,666

Schedule of Company's revenues disaggregated by segment and region

The following table presents the Company's revenues disaggregated by segment and region. Sales and usage-based taxes are excluded from revenues. The Company believes disaggregation by segment and region best depicts how the nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factors. The disaggregation of revenues by segment and region is based on management's assessment of segment performance together with allocation of financial resources, both capital and operating support costs, on a segment and regional level. Both segments and regions benefit from synergies achieved through concentration of operations and are influenced by macro-economic, regulatory and political factors in the respective segment and region.

		For the Three Months Ended September 30, 2020																For the Nine Months Ended September 30, 2020
(in thousands)		EFT Processing				epay				Money Transfer				Total					EFT Processing				epay				Money Transfer				Total
Europe		$	107,182			$	131,330			$	127,399			$	365,911			$	251,583			$	368,101			$	317,187			$	936,871
North America		14,318				32,645				152,195				199,158					42,461				102,603				422,980				568,044
Asia Pacific		22,562				26,679				34,036				83,277					74,327				69,916				91,116				235,359
Other		—				8,285				9,462				17,747					4				18,793				20,906				39,703
Eliminations		—				—				—				(1,742)					—				—				—				(3,916)
Total		$	144,062			$	198,939			$	323,092			$	664,351			$	368,375			$	559,413			$	852,189			$	1,776,061

		For the Three Months Ended September 30, 2019																For the Nine Months Ended September 30, 2019
(in thousands)		EFT Processing				epay				Money Transfer				Total					EFT Processing				epay				Money Transfer				Total
Europe		$	274,313			$	130,602			$	94,625			$	499,540			$	574,620			$	368,830			$	273,760			$	1,217,210
North America		8,717				37,218				147,989				193,924					24,880				114,614				428,349				567,843
Asia Pacific		33,153				19,039				31,575				83,767					94,317				55,333				93,865				243,515
Other		5				4,212				6,648				10,865					20				12,568				18,227				30,815
Eliminations		—				—				—				(1,110		)			—				—				—				(3,021	)
Total		$	316,188			$	191,071			$	280,837			$	786,986			$	693,837			$	551,345			$	814,201			$	2,056,362

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

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-Name Accounting Standards Codification
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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.

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