Subsequent Events

12 Months Ended

Dec. 31, 2016

Subsequent Events [Abstract]

Subsequent Events

30. Subsequent Events

Share Repurchase

On February 10, 2017, the Company announced that its Board of Directors has approved a $500,000 increase to its existing $750,000 share repurchase program, bringing the total authorization under the Company’s existing program to $1,250,000.

Pursuant to its share repurchase program, the Company repurchased 808,293 of its common shares between January 1, 2017 and March 1, 2017, at a weighted average price of $24.48 per share for an aggregate cash amount of $19,783.    

Dividend

On February 10, 2017, the Company announced that its Board of Directors has approved a dividend program under which the Company intends to pay a regular quarterly cash dividend of $0.06 per share to holders of its common shares, representing a planned annual dividend of $0.24 per share.  The initial dividend will be paid on or about March 28, 2017 to shareholders of record as of the close of business on March 10, 2017.  The declaration of any future dividends is subject to the discretion of the Board of Directors.

Acquisition

On February 5, 2017, the Company entered into a definitive agreement to acquire the item processing business of Fiserv Solutions of Australia Pty Limited for estimated cash consideration of $32,150, subject to adjustment for working capital, value transfer and net debt. This acquisition will expand the Company’s digital transformation and end-to-end capabilities for its clients in the financial services industry. The acquisition will also strengthen the Company’s rapidly growing financial services portfolio and expand its Australia footprint.