XML 45 R33.htm IDEA: XBRL DOCUMENT v3.10.0.1
Related Party Transactions (Tables)
 9 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Transactions with Related Parties
The following table presents the Company’s transactions with related parties for the three and nine months ended September 30, 2018 and 2017:
 
 
Three months ended September 30,
 
Nine months ended September 30,
(Dollar amounts in thousands)
 
2018
 
2017
 
2018
 
2017
Total revenues (1)(2)
 
$
47,216

 
$
44,090

 
$
139,954

 
$
134,045

Cost of revenues
 
$
840

 
$
1,775

 
$
2,192

 
$
2,610

Rent and other fees
 
$
2,016

 
$
1,962

 
$
5,984

 
$
5,810

Interest earned from affiliate
 
 
 
 
 
 
 
 
Interest income
 
$
37

 
$
41

 
$
101

 
$
119

 
(1)
Total revenues from Popular as a percentage of revenues were 42%, 42%, 41% and 43% for the periods presented above, respectively.
(2)
Includes revenues generated from investee accounted for under the equity method of $0.3 million, $0.4 million, $1.0 million and $1.5 million for the periods presented above, respectively.
Summary of Balances of Transactions with Related Parties
At September 30, 2018 and December 31, 2017, EVERTEC had the following balances arising from transactions with related parties:
(Dollar amounts in thousands)
 
September 30, 2018
 
December 31, 2017
Cash and restricted cash deposits in affiliated bank
 
$
52,953

 
$
23,227

Other due/to from affiliate
 
 
 
 
Accounts receivable
 
$
23,902

 
$
18,073

Prepaid expenses and other assets
 
$
2,211

 
$
1,216

Other long-term assets
 
$
199

 
$
288

Accounts payable
 
$
5,831

 
$
5,827

Unearned income
 
$
24,252

 
$
19,768