Segment Information (Note)

12 Months Ended

Dec. 31, 2013

Segment Reporting [Abstract]

SEGMENT INFORMATION

Business Segment Information

Euronet’s reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting. The Company currently operates in the following three reportable operating segments:

1) Through the EFT Processing Segment, the Company processes transactions for a network of ATMs and POS terminals across Europe, the Middle East and Asia Pacific. The Company provides comprehensive electronic payment solutions consisting of ATM cash withdrawal services, ATM network participation, outsourced ATM and POS management solutions, credit and debit card outsourcing, dynamic currency conversion and other value added services. Through this segment, the Company also offers a suite of integrated electronic financial transaction software solutions for electronic payment and transaction delivery systems.

2) Through the epay Segment, the Company provides distribution, processing and collection services for prepaid mobile airtime and other electronic payment products in Europe, the Middle East, Asia Pacific, the United States and South America.

3) Through the Money Transfer Segment, the Company provides global consumer-to-consumer money transfer services through a network of sending agents and Company-owned stores (primarily in North America and Europe), disbursing money transfers through a worldwide correspondent network. The Company also offers customers bill payment services, payment alternatives such as money orders and prepaid debit cards, comprehensive check cashing services, foreign currency exchange services and mobile top-up.

In addition, the Company accounts for non-operating activity, share-based compensation expense, certain intersegment eliminations and the costs of providing corporate and other administrative services in its administrative division, “Corporate Services, Eliminations and Other.” These services are not directly identifiable with the Company’s reportable operating segments.

The following tables present the Company’s reportable segment results for the years ended December 31, 2013, 2012 and 2011:

	For the Year Ended December 31, 2013
(in thousands)	EFT Processing			epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	296,240		$	748,680	$	370,365	$	(2,116	)	$	1,413,169
Operating expenses:
Direct operating costs	141,381			575,787		177,783		(2,023		)	892,928
Salaries and benefits	40,150			57,251		88,222		22,621			208,244
Selling, general and administrative	23,141			41,000		54,870		10,416			129,427
Acquisition-related contingent consideration gain	(19,319		)	—		—		—			(19,319		)
Goodwill and acquired intangible assets impairment	—			18,425		—		—			18,425
Depreciation and amortization	29,537			16,756		18,395		365			65,053
Total operating expenses	214,890			709,219		339,270		31,379			1,294,758
Operating income (expense)	$	81,350		$	39,461	$	31,095	$	(33,495	)	$	118,411
Other income (expense)
Interest income											1,998
Interest expense											(10,139		)
Income from unconsolidated affiliates											206
Other gains, net											2,398
Foreign currency exchange gain, net											2,211
Total other expense, net											(3,326		)
Income before income taxes											$	115,085
Segment assets as of December 31, 2013	$	347,073		$	757,942	$	472,390	$	20,710		$	1,598,115
Property and equipment, net as of December 31, 2013	$	64,972		$	27,176	$	23,768	$	314		$	116,230

	For the Year Ended December 31, 2012
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	237,948	$	714,125	$	316,135	$	(607	)	$	1,267,601
Operating expenses:
Direct operating costs	114,826		548,390		149,397		(554		)	812,059
Salaries and benefits	32,784		53,399		75,540		22,332			184,055
Selling, general and administrative	20,628		44,496		47,673		7,778			120,575
Goodwill and acquired intangible assets impairment	—		28,740		—		—			28,740
Depreciation and amortization	25,302		19,599		18,902		364			64,167
Total operating expenses	193,540		694,624		291,512		29,920			1,209,596
Operating income (expense)	$	44,408	$	19,501	$	24,623	$	(30,527	)	$	58,005
Other income (expense)
Interest income										3,993
Interest expense										(19,653		)
Income from unconsolidated affiliates										942
Other gains, net										4,146
Foreign currency exchange loss, net										(99		)
Total other expense, net										(10,671		)
Income before income taxes										$	47,334
Segment assets as of December 31, 2012	$	231,320	$	840,513	$	455,981	$	23,722		$	1,551,536
Property and equipment, net as of December 31, 2012	$	62,359	$	29,912	$	22,856	$	348		$	115,475

	For the Year Ended December 31, 2011
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	199,249	$	677,051	$	285,299	$	(295	)	$	1,161,304
Operating expenses:
Direct operating costs	95,739		514,429		130,783		(222		)	740,729
Salaries and benefits	29,487		48,386		70,603		19,998			168,474
Selling, general and administrative	19,798		38,711		46,441		7,557			112,507
Depreciation and amortization	21,017		18,751		20,346		343			60,457
Total operating expenses	166,041		620,277		268,173		27,676			1,082,167
Operating income (expense)	$	33,208	$	56,774	$	17,126	$	(27,971	)	$	79,137
Other income (expense)
Interest income										5,749
Interest expense										(21,385		)
Income from unconsolidated affiliates										1,852
Other gains										1,000
Loss on early retirement of debt										(1,899		)
Foreign currency exchange loss, net										(1,662		)
Total other expense, net										(16,345		)
Income before income taxes										$	62,792
Segment assets as of December 31, 2011	$	203,494	$	803,897	$	472,532	$	26,406		$	1,506,329
Property and equipment, net as of December 31, 2011	$	54,169	$	27,303	$	20,990	$	438		$	102,900

Total revenues for the years ended December 31, 2013, 2012 and 2011, and property and equipment and total assets as of December 31, 2013 and 2012, summarized by geographic location, were as follows:

	Revenues						Property and Equipment, net				Total Assets
	For the year ended December 31,						as of December 31,				as of December 31,
(in thousands)	2013		2012		2011		2013		2012		2013		2012
United States	$	341,964	$	294,122	$	233,903	$	22,556	$	19,255	$	275,040	$	284,748
Germany	336,551		276,862		166,687		12,162		12,164		366,695		353,947
Australia	103,571		137,054		193,557		1,709		2,130		131,037		156,352
Poland	103,147		89,873		81,232		41,907		39,736		96,160		79,010
United Kingdom	95,127		104,496		123,387		4,027		5,071		139,172		126,393
India	59,744		52,228		41,870		2,742		3,513		40,638		37,982
Spain	54,804		50,047		65,188		3,167		2,154		80,196		79,909
Italy	54,765		50,178		53,970		1,813		1,509		92,055		80,814
Brazil	44,633		47,955		58,654		1,750		3,408		27,263		41,119
Other	218,863		164,786		142,856		24,397		26,535		349,859		311,262
Total foreign	1,071,205		973,479		927,401		93,674		96,220		1,323,075		1,266,788
Total	$	1,413,169	$	1,267,601	$	1,161,304	$	116,230	$	115,475	$	1,598,115	$	1,551,536

Revenues are attributed to countries based on location of the customer, with the exception of software sales made by our software subsidiary, which are attributed to the U.S.