Segment Information (Note)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

SEGMENT INFORMATION

Business Segment Information

Euronet’s reportable operating segments have been determined in accordance with ASC Topic 280, Segment Reporting (“ASC 280”). 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 money transfer services under the brand names, Ria, HiFX, IME and xe. Ria and IME provide global consumer-to-consumer money transfer services through a network of sending agents, Company-owned stores and Company-owned websites, disbursing money transfers through a worldwide correspondent network. HiFX offers account-to-account international payment services to high-income individuals and small-to-medium sized businesses. xe is a provider of foreign currency exchange information and offers money transfers on its currency data websites. 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. The Company provides cash management solutions and foreign currency risk management services to small-to-medium sized businesses under the brand name HiFM.

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, 2016, 2015 and 2014:

	For the Year Ended December 31, 2016
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	464,254	$	693,986	$	801,919	$	(1,544	)	$	1,958,615
Operating expenses:
Direct operating costs	224,793		528,774		422,508		(1,530		)	1,174,545
Salaries and benefits	51,822		51,378		155,471		29,749			288,420
Selling, general and administrative	30,399		34,517		93,219		7,213			165,348
Depreciation and amortization	40,084		11,075		29,195		175			80,529
Total operating expenses	347,098		625,744		700,393		35,607			1,708,842
Operating income (expense)	$	117,156	$	68,242	$	101,526	$	(37,151	)	$	249,773
Other income (expense)
Interest income										1,696
Interest expense										(28,332		)
Foreign currency exchange loss, net										(10,200		)
Other gains										19,956
Total other expense, net										(16,880		)
Income before income taxes										$	232,893
Segment assets as of December 31, 2016	$	786,166	$	733,514	$	1,136,722	$	56,470		$	2,712,872
Property and equipment, net as of December 31, 2016	$	139,161	$	23,939	$	38,954	$	91		$	202,145

	For the Year Ended December 31, 2015
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	379,523	$	708,373	$	685,635	$	(1,269	)	$	1,772,262
Operating expenses:
Direct operating costs	182,136		542,747		358,154		(1,188		)	1,081,849
Salaries and benefits	45,364		49,752		137,077		26,969			259,162
Selling, general and administrative	25,822		38,272		85,096		7,195			156,385
Depreciation and amortization	31,807		11,163		26,650		405			70,025
Total operating expenses	285,129		641,934		606,977		33,381			1,567,421
Operating income (expense)	$	94,394	$	66,439	$	78,658	$	(34,650	)	$	204,841
Other income (expense)
Interest income										2,170
Interest expense										(24,814		)
Foreign currency exchange loss, net										(41,418		)
Other gains										315
Total other expense, net										(63,747		)
Income before income taxes										$	141,094
Segment assets as of December 31, 2015	$	469,351	$	646,000	$	1,040,737	$	36,626		$	2,192,714
Property and equipment, net as of December 31, 2015	$	99,798	$	24,834	$	32,591	$	145		$	157,368

	For the Year Ended December 31, 2014
(in thousands)	EFT Processing		epay		Money Transfer		Corporate Services, Eliminations and Other			Consolidated
Total revenues	$	358,636	$	783,781	$	523,150	$	(1,417	)	$	1,664,150
Operating expenses:
Direct operating costs	163,590		607,866		263,253		(1,230		)	1,033,479
Salaries and benefits	47,148		56,402		115,419		24,251			243,220
Selling, general and administrative	25,730		42,542		77,305		11,688			157,265
Depreciation and amortization	30,847		15,901		24,432		275			71,455
Total operating expenses	267,315		722,711		480,409		34,984			1,505,419
Operating income (expense)	$	91,321	$	61,070	$	42,741	$	(36,401	)	$	158,731
Other income (expense)
Interest income										2,549
Interest expense										(12,330		)
Foreign currency exchange loss, net										(5,646		)
Other losses, net										(1,801		)
Total other expense, net										(17,228		)
Income before income taxes										$	141,503
Segment assets as of December 31, 2014	$	390,394	$	753,962	$	835,977	$	58,114		$	2,038,447
Property and equipment, net as of December 31, 2014	$	72,749	$	24,859	$	27,528	$	171		$	125,307

Total revenues for the years ended December 31, 2016, 2015 and 2014, and property and equipment and total assets as of December 31, 2016 and 2015, 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)	2016		2015		2014		2016		2015		2016		2015
United States	$	548,877	$	529,467	$	440,166	$	25,837	$	24,693	$	373,303	$	350,583
Germany	409,590		377,170		389,060		16,852		14,946		404,733		347,893
United Kingdom	131,826		124,485		124,839		15,279		5,600		422,298		315,347
Poland	115,269		105,129		113,837		60,027		57,287		187,686		106,691
Spain	82,921		62,086		59,949		13,796		9,756		95,304		74,598
Australia	77,198		77,643		89,430		3,153		2,434		82,377		89,538
India	75,243		78,783		72,736		7,907		5,518		66,741		62,409
Italy	72,591		56,896		58,970		7,285		3,596		110,888		88,683
Malaysia	53,787		28,518		—		3,471		3,293		129,023		114,547
New Zealand	40,890		56,735		32,967		2,810		2,382		203,300		163,574
Other	350,423		275,350		282,196		45,728		27,863		637,219		478,851
Total foreign	1,409,738		1,242,795		1,223,984		176,308		132,675		2,339,569		1,842,131
Total	$	1,958,615	$	1,772,262	$	1,664,150	$	202,145	$	157,368	$	2,712,872	$	2,192,714

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