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v3.21.2

Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
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, 2021 and 2020:
|  | For the Three Months Ended September 30, 2021
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 227,129 |  |  | $ | 238,319 |  |  | $ | 353,451 |  |  | $ | (2,339 | ) |  | $ | 816,560 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs |  | 106,321 |  |  | 180,206 |  |  | 200,231 |  |  | (2,320 | ) |  | 484,438 |
Salaries and benefits |  | 23,665 |  |  | 20,104 |  |  | 65,285 |  |  | 10,367 |  |  | 119,421 |
Selling, general and administrative |  | 11,301 |  |  | 9,802 |  |  | 41,533 |  |  | 1,662 |  |  | 64,298 |
Depreciation and amortization |  | 22,640 |  |  | 2,253 |  |  | 8,897 |  |  | 119 |  |  | 33,909 |
Total operating expenses |  | 163,927 |  |  | 212,365 |  |  | 315,946 |  |  | 9,828 |  |  | 702,066 |
Operating income (expense) |  | $ | 63,202 |  |  | $ | 25,954 |  |  | $ | 37,505 |  |  | $ | (12,167 | ) |  | $ | 114,494 |
|  | 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 Nine Months Ended September 30, 2021
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 427,687 |  |  | $ | 724,540 |  |  | $ | 1,037,659 |  |  | $ | (5,970 | ) |  | $ | 2,183,916 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs |  | 258,614 |  |  | 547,828 |  |  | 589,273 |  |  | (5,945 | ) |  | 1,389,770 |
Salaries and benefits |  | 71,334 |  |  | 59,248 |  |  | 188,535 |  |  | 37,043 |  |  | 356,160 |
Selling, general and administrative |  | 33,062 |  |  | 28,594 |  |  | 115,975 |  |  | 4,562 |  |  | 182,193 |
Depreciation and amortization |  | 66,907 |  |  | 6,524 |  |  | 26,886 |  |  | 412 |  |  | 100,729 |
Total operating expenses |  | 429,917 |  |  | 642,194 |  |  | 920,669 |  |  | 36,072 |  |  | 2,028,852 |
Operating (loss) income |  | $ | (2,230 | ) |  | $ | 82,346 |  |  | $ | 116,990 |  |  | $ | (42,042 | ) |  | $ | 155,064 |
|  | 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 (loss) income |  | $ | (45,480 | ) |  | $ | 56,737 |  |  | $ | 14,707 |  |  | $ | (29,561 | ) |  | $ | (3,597 | )
The following table presents the Company’s total assets by reportable segment:
| Total Assets as of
(in thousands) | September 30, 2021 |  | December 31, 2020
EFT Processing | $ | 1,834,405 |  |  | $ | 1,541,610 |
epay | 912,934 |  |  | 1,135,204 |
Money Transfer | 1,625,178 |  |  | 1,755,651 |
Corporate Services, Eliminations and Other | 153,801 |  |  | 494,246 |
Total | $ | 4,526,318 |  |  | $ | 4,926,711 |
Schedule of Company's revenues disaggregated by segment and region |
|  | For the Three Months Ended September 30, 2021 |  | For the Nine Months Ended September 30, 2021 |
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  | EFT Processing |  |  | epay |  |  | Money Transfer |  |  | Total |
Europe |  | $ | 183,163 |  |  | $ | 150,465 |  |  | $ | 145,813 |  |  | $ | 479,441 |  |  | $ | 303,134 |  |  | $ | 475,933 |  |  | $ | 428,258 |  |  | $ | 1,207,325 |
North America |  | 16,341 |  |  | 35,876 |  |  | 169,473 |  |  | 221,690 |  |  |  | 46,010 |  |  |  | 104,318 |  |  |  | 492,099 |  |  |  | 642,427 |
Asia Pacific |  | 27,381 |  |  | 39,303 |  |  | 24,588 |  |  | 91,272 |  |  |  | 78,110 |  |  |  | 111,998 |  |  |  | 79,581 |  |  |  | 269,689 |
Other |  | 244 |  |  | 12,675 |  |  | 13,577 |  |  | 26,496 |  |  |  | 433 |  |  |  | 32,291 |  |  |  | 37,721 |  |  |  | 70,445 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (2,339 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (5,970 | )
Total |  | $ | 227,129 |  |  | $ | 238,319 |  |  | $ | 353,451 |  |  | $ | 816,560 |  |  | $ | 427,687 |  |  | $ | 724,540 |  |  | $ | 1,037,659 |  |  | $ | 2,183,916 |
|  | 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 |

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