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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Reporting [Abstract] |
Schedule of reportable segment results | The following tables present our reportable segment results for the three and six months ended June 30, 2022 and 2021:
|  | For the Three Months Ended June 30, 2022
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 249,030 |  |  | $ | 227,706 |  |  | $ | 368,459 |  |  | $ | (1,886 | ) |  | $ | 843,309 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 123,758 |  |  | 173,655 |  |  | 205,063 |  |  | (1,814 | ) |  | 500,662 |
Salaries and benefits |  | 27,693 |  |  | 19,772 |  |  | 67,977 |  |  | 15,866 |  |  | 131,308 |
Selling, general and administrative |  | 17,004 |  |  | 8,277 |  |  | 46,361 |  |  | 2,607 |  |  | 74,249 |
Depreciation and amortization |  | 25,745 |  |  | 1,616 |  |  | 8,546 |  |  | 106 |  |  | 36,013 |
Total operating expenses |  | 194,200 |  |  | 203,320 |  |  | 327,947 |  |  | 16,765 |  |  | 742,232 |
Operating income (loss) |  | $ | 54,830 |  |  | $ | 24,386 |  |  | $ | 40,512 |  |  | $ | (18,651 | ) |  | $ | 101,077 |
|  | For the Three Months Ended June 30, 2021
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 113,482 |  |  | $ | 243,918 |  |  | $ | 359,308 |  |  | $ | (2,022 | ) |  | $ | 714,686 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 82,681 |  |  | 184,989 |  |  | 205,164 |  |  | (2,018 | ) |  | 470,816 |
Salaries and benefits |  | 24,098 |  |  | 19,775 |  |  | 62,710 |  |  | 14,488 |  |  | 121,071 |
Selling, general and administrative |  | 9,799 |  |  | 9,772 |  |  | 38,326 |  |  | 1,222 |  |  | 59,119 |
Depreciation and amortization |  | 22,240 |  |  | 2,147 |  |  | 9,026 |  |  | 146 |  |  | 33,559 |
Total operating expenses |  | 138,818 |  |  | 216,683 |  |  | 315,226 |  |  | 13,838 |  |  | 684,565 |
Operating income (loss) |  | $ | (25,336 | ) |  | $ | 27,235 |  |  | $ | 44,082 |  |  | $ | (15,860 | ) |  | $ | 30,121 |
|  | For the Six Months Ended June 30, 2022
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 394,601 |  |  | $ | 463,544 |  |  | $ | 707,425 |  |  | $ | (3,794 | ) |  | $ | 1,561,776 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs, exclusive of depreciation |  | 217,095 |  |  | 351,975 |  |  | 393,460 |  |  | (3,715 | ) |  | 958,815 |
Salaries and benefits |  | 52,937 |  |  | 39,949 |  |  | 135,202 |  |  | 29,985 |  |  | 258,073 |
Selling, general and administrative |  | 28,118 |  |  | 17,717 |  |  | 87,398 |  |  | 4,872 |  |  | 138,105 |
Depreciation and amortization |  | 48,088 |  |  | 3,312 |  |  | 17,388 |  |  | 215 |  |  | 69,003 |
Total operating expenses |  | 346,238 |  |  | 412,953 |  |  | 633,448 |  |  | 31,357 |  |  | 1,423,996 |
Operating income (loss) |  | $ | 48,363 |  |  | $ | 50,591 |  |  | $ | 73,977 |  |  | $ | (35,151 | ) |  | $ | 137,780 |
|  | For the Six Months Ended June 30, 2021
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Corporate Services, Eliminations and Other |  | Consolidated
Total revenues |  | $ | 200,558 |  |  | $ | 486,221 |  |  | $ | 684,208 |  |  | $ | (3,631 | ) |  | $ | 1,367,356 |
Operating expenses: |  |  |  |  |  |  |  |  |  |
Direct operating costs |  | 152,293 |  |  | 367,622 |  |  | 389,042 |  |  | (3,625 | ) |  | 905,332 |
Salaries and benefits |  | 47,669 |  |  | 39,144 |  |  | 123,250 |  |  | 26,676 |  |  | 236,739 |
Selling, general and administrative |  | 21,761 |  |  | 18,792 |  |  | 74,442 |  |  | 2,900 |  |  | 117,895 |
Depreciation and amortization |  | 44,267 |  |  | 4,271 |  |  | 17,989 |  |  | 293 |  |  | 66,820 |
Total operating expenses |  | 265,990 |  |  | 429,829 |  |  | 604,723 |  |  | 26,244 |  |  | 1,326,786 |
Operating income (loss) |  | $ | (65,432) |  |  | $ | 56,392 |  |  | $ | 79,485 |  |  | $ | (29,875 | ) |  | $ | 40,570 |
The following table presents our total assets by reportable segment:
| Total Assets as of
(in thousands) | June 30, 2022 |  | December 31, 2021
EFT Processing | $ | 2,463,591 |  |  | $ | 1,682,680 |
epay | 727,248 |  |  | 1,234,074 |
Money Transfer | 1,679,328 |  |  | 1,621,726 |
Corporate Services, Eliminations and Other | 325,351 |  |  | 205,796 |
Total | $ | 5,195,518 |  |  | $ | 4,744,276 |
Schedule of Company's revenues disaggregated by segment and region |
|  | For the Three Months Ended June 30, 2022 |  | For the Six Months Ended June 30, 2022
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  |  | EFT Processing |  |  |  | epay |  |  |  | Money Transfer |  |  |  | Total |
Europe |  | $ | 199,275 |  |  | $ | 140,293 |  |  | $ | 148,561 |  |  | $ | 488,129 |  |  | $ | 296,474 |  |  | $ | 290,687 |  |  | $ | 288,670 |  |  | $ | 875,831 |
North America |  | 16,635 |  |  | 32,960 |  |  | 179,656 |  |  | 229,251 |  |  |  | 33,803 |  |  |  | 65,604 |  |  |  | 338,388 |  |  |  | 437,795 |
Asia Pacific |  | 32,316 |  |  | 40,984 |  |  | 27,091 |  |  | 100,391 |  |  |  | 62,751 |  |  |  | 81,783 |  |  |  | 53,709 |  |  |  | 198,243 |
Other |  | 804 |  |  | 13,469 |  |  | 13,151 |  |  | 27,424 |  |  |  | 1,573 |  |  |  | 25,470 |  |  |  | 26,658 |  |  |  | 53,701 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (1,886) |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,794 | )
Total |  | $ | 249,030 |  |  | $ | 227,706 |  |  | $ | 368,459 |  |  | $ | 843,309 |  |  | $ | 394,601 |  |  | $ | 463,544 |  |  | $ | 707,425 |  |  | $ | 1,561,776 |
|  | For the Three Months Ended June 30, 2021 |  | For the Six Months Ended June 30, 2021
(in thousands) |  | EFT Processing |  | epay |  | Money Transfer |  | Total |  |  | EFT Processing |  |  |  | epay |  |  |  | Money Transfer |  |  |  | Total |
Europe |  | $ | 73,109 |  |  | $ | 160,560 |  |  | $ | 149,606 |  |  | $ | 383,275 |  |  | $ | 119,971 |  |  | $ | 325,468 |  |  | $ | 282,445 |  |  | $ | 727,884 |
North America |  | 15,203 |  |  | 34,601 |  |  | 170,324 |  |  | 220,128 |  |  |  | 29,669 |  |  |  | 68,442 |  |  |  | 322,626 |  |  |  | 420,737 |
Asia Pacific |  | 25,035 |  |  | 38,377 |  |  | 26,524 |  |  | 89,936 |  |  |  | 50,729 |  |  |  | 72,695 |  |  |  | 54,993 |  |  |  | 178,417 |
Other |  | 135 |  |  | 10,380 |  |  | 12,854 |  |  | 23,369 |  |  |  | 189 |  |  |  | 19,616 |  |  |  | 24,144 |  |  |  | 43,949 |
Eliminations |  | — |  |  | — |  |  | — |  |  | (2,022 | ) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (3,631 | )
Total |  | $ | 113,482 |  |  | $ | 243,918 |  |  | $ | 359,308 |  |  | $ | 714,686 |  |  | $ | 200,558 |  |  | $ | 486,221 |  |  | $ | 684,208 |  |  | $ | 1,367,356 |

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