Stockholders' Equity (Note)

12 Months Ended

Dec. 31, 2016

Stockholders' Equity Note [Abstract]

Stockholders' Equity

Stockholders' Equity

Earnings Per Share

Basic earnings per share has been computed by dividing earnings available to common stockholders by the weighted average number of common shares outstanding during the respective period. Diluted earnings per share has been computed by dividing earnings available to common stockholders by the weighted average shares outstanding during the respective period, after adjusting for the potential dilution of options to purchase the Company's Common Stock, assumed vesting of restricted stock and the assumed conversion of the Company's convertible debt.

The following table provides the computation of diluted weighted average number of common shares outstanding:

	Year Ended December 31,
	2016	2015	2014
Computation of diluted weighted average shares outstanding:
Basic weighted average shares outstanding	52,276,951	52,274,573	51,757,867
Incremental shares from assumed exercise of stock options and vesting of restricted stock	1,705,224	1,783,199	2,143,173
Incremental shares from assumed conversion of convertible debentures	18,904	18,904	—
Diluted weighted average shares outstanding	54,001,079	54,076,676	53,901,040

The table includes all stock options and restricted stock that are dilutive to the Company's weighted average common shares outstanding during the period. The calculation of diluted earnings per share excludes stock options or shares of restricted stock that are anti-dilutive to the Company's weighted average common shares outstanding for the years ended December 31, 2016, 2015 and 2014 of approximately 616,000, 568,000 and 585,000, respectively.

During 2016, 2015 and 2014, the Company had convertible notes outstanding that, if converted, could have a potentially dilutive effect on its Common Stock. At issuance, the Company stated its intent to settle any conversion of these notes by paying cash for the principal value and issuing Common Stock for any conversion value in excess of the principal value. As of December 31, 2016, and currently, the Company maintains the intent and ability to settle any conversion as stated. Accordingly, the convertible notes would only have a dilutive effect if the market price per share of Common Stock exceeds the conversion price per share of Common Stock. Therefore, according to ASC Topic 260, Earnings per Share (“ASC 260”), the dilutive effect of the assumed conversion of the debentures was 18,904 shares for the year ended December 31, 2016 and 2015. The assumed conversion of the debentures was anti-dilutive for year ended December 31, 2014. See Note 10, Debt Obligations, for more information about the convertible notes.

Share repurchases

In January 2016, the Company announced that its Board of Directors authorized a stock repurchase program ("2016 Program") allowing the Company to repurchase up to $100 million in value or 5.0 million shares of its common stock through December 10, 2017. For the year end December 31, 2016, the Company repurchased 1.1 million shares at a weighted average purchase price of $65.74 for a total value of $75.6 million under the 2016 Program.

In June 2016, the Board of Directors authorized an additional stock repurchase program ("Repurchase Program") with an effective date of July 28, 2016, allowing Euronet to repurchase up to $125 million in value or 3.0 million shares of its common stock through June 14, 2018. Repurchases under the Repurchase Program may take place in the open market or in privately negotiated transactions, including derivative transactions, and may be made under a Rule 10b5-1 plan. No purchases have been made under this plan.

Preferred Stock

The Company has the authority to issue up to 10 million shares of preferred stock, of which no shares are currently issued or outstanding.

Stockholder Rights Agreement

On March 26, 2013, the Company entered into a Rights Agreement (the "Rights Agreement") with Computershare Trust Company, N.A., as Rights Agent. The Rights Agreement became effective at the close of business on April 3, 2013, immediately following the expiration of the prior rights agreement, and had a three year term, which expired on April 3, 2016.

Accumulated other comprehensive loss

As of December 31, 2016 and 2015, accumulated other comprehensive loss consists entirely of foreign currency translation adjustments. For the years ended December 31, 2016, 2015 and 2014, the Company recorded foreign currency translation losses of $45.2 million, $67.8 million and $87.7 million, respectively. There were no reclassifications of foreign currency translation into the Consolidated Statements of Income for the years ending December 31, 2016 and 2014. During 2015, the Company reclassified $0.8 million of foreign currency translation into the Consolidated Statements of Income.