Description of Business and Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2019

Accounting Policies [Abstract]

Schedule of Prospective Adoption of New Accounting Pronouncements [Table Text Block]

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

Revenue from External Customers by Geographic Areas [Table Text Block]

Disaggregation of Revenue

The following tables present revenue disaggregated by primary geographical regions and product channels for the three and six months ended June 30, 2019 and 2018:

	Three Months Ended June 30,				Six Months Ended June 30,
	(In thousands)				(In thousands)
Revenue:	2019		2018		2019		2018
United States	45,068		48,400		$	91,143	$	98,302
Canada	1,258		1,456		2,309		3,056
Latin America	4,974		5,161		8,996		10,555
Australia	8,730		8,740		17,355		18,227
Singapore*	2,015		1,924		4,144		4,140
New Zealand	488		526		1,010		1,013
India*	73,909		51,351		146,817		83,354
Europe	3,634		3,841		7,421		7,872
United Arab Emirates*	225		154		335		375
Indonesia*	2,627		1,828		5,172		3,369
Philippines*	1,347		1,245		2,497		2,593
	$	144,275	$	124,626	$	287,199	$	232,856
*India led businesses, except for $1.2 million and $2.3 million in the three months and six months ended June 30, 2019, respectively, of revenues for pre-existing Singapore operations which is not part of EbixCash, and $1.2 million and $2.6 million in the three months and six months ended June 30, 2018, respectively. Total revenue for Indian led businesses in the three months and six months ended June 30, 2019 was $78.9 million and $156.7 million, respectively, and $55.2 million and $91.3 million in the three months and six months ended June 30, 2018, respectively. See Note 7 for additional geographic information.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2019		2018		2019		2018
EbixCash Exchanges	$	78,948	55,257		$	156,685	$	91,265
Insurance Exchanges	46,593		47,155		94,608		96,318
RCS	18,734		22,214		35,906		45,273
Totals	$	144,275	$	124,626	$	287,199	$	232,856

Schedule of Revenue by Product/Service Groups

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2019		2018		2019		2018
EbixCash Exchanges	$	78,948	55,257		$	156,685	$	91,265
Insurance Exchanges	46,593		47,155		94,608		96,318
RCS	18,734		22,214		35,906		45,273
Totals	$	144,275	$	124,626	$	287,199	$	232,856

Presented in the table below is the breakout of our revenue streams for each of those product/service channels for the three and six months ended June 30, 2019 and 2018.

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(In thousands)	2019		2018		2019		2018
EbixCash Exchanges	$	78,948	$	55,257	$	156,685	$	91,265
Insurance Exchanges	46,593		47,155		94,608		96,318
Risk Compliance Solutions (“RCS”)	18,734		22,214		35,906		45,273
Totals	$	144,275	$	124,626	$	287,199	$	232,856

Capitalized Contract Cost [Table Text Block]

Costs to Obtain and Fulfill a Contract

The Company capitalizes certain costs in order to maintain the ability to obtain and fulfill new contracts and contract renewals. These costs are primarily related to the setup and customization of our SaaS based platforms and such costs are amortized over the benefit period. As of June 30, 2019, the Company had $744 thousand of contract costs in “Other current assets” and $1.3 million in “Other Assets” on the Company's Condensed Consolidated Balance Sheets.

(In thousands)	June 30, 2019			December 31, 2018
Balance, beginning of period	$	2,238		$	2,401
Costs recognized from the beginning balance	(274		)	(898		)
Additions, net of costs recognized	68			735
Balance, end of period	$	2,032		$	2,238

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables:

	Fair Values at Reporting Date Using*
Descriptions	Balance, June 30, 2019		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Commercial bank certificates of deposits ($10.9 million is recorded in the long term asset section of the consolidated balance sheets in "Other Assets")	$	15,763	$	15,763	$	—	$	—
Mutual funds (recorded in the long term asset section of the consolidated balance sheets in "Other Assets")	1,621		1,621		—		—
Total assets measured at fair value	$	17,384	$	17,384	$	—	$	—
Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	$	10,819	$	—	$	—	$	10,819
Total liabilities measured at fair value	$	10,819	$	—	$	—	$	10,819
(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the six months ended June 30, 2019 there were no transfers between fair value Levels 1, 2 or 3.

	Fair Values at Reporting Date Using*
Descriptions	Balance, December 31, 2018		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Commercial bank certificates of deposits ($681 thousand is recorded in the long term asset section of the consolidated balance sheets in "Other Assets")	$	26,714	26,714		$	—	$	—
Mutual funds	5,159		5,159		—		—
Total assets measured at fair value	$	31,873	$	31,873	$	—	$	—
Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	$	24,976	$	—	$	—	$	24,976
Total liabilities measured at fair value	$	24,976	$	—	$	—	$	24,976
(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the twelve months ended December 31, 2018 there were no transfers between fair value Levels 1, 2 or 3.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the six months ended June 30, 2019 and during the year ended December 31, 2018:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition Consideration	June 30, 2019			December 31, 2018
	(In thousands)
Beginning balance	$	24,976		$	37,096
Total remeasurement adjustments:
Gains included in earnings **	(17,124		)	(1,391		)
Reductions recorded against goodwill	—			(13,718		)
Foreign currency translation adjustments ***	82			(1,620		)
Acquisitions and settlements
Business acquisitions	2,885			8,440
Settlement payments	—			(3,831		)
Ending balance	$	10,819		$	24,976
The amount of total (gains) losses for the period included in earnings or changes to net assets, attributable to changes in unrealized gains relating to assets or liabilities still held at period-end.	$	(17,124	)	$	(1,391	)
** recorded as a reduction to reported general and administrative expenses
*** recorded as a component of other comprehensive income within stockholders' equity

Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:

(In thousands)	Fair Value at June 30, 2019	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration: (Wdev, Indus, Miles, Zillious, and Essel acquisition)	$10,819	Discounted cash flow	Projected revenue and probability of achievement

(In thousands)	Fair Value at December 31, 2018	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration: (Wdev, ItzCash, Indus and Miles acquisition)	$24,976	Discounted cash flow	Projected revenue and probability of achievement

Schedule of Goodwill

Changes in the carrying amount of goodwill for the six months ended June 30, 2019 and the year ended December 31, 2018 are reflected in the following table.

	June 30, 2019		December 31, 2018
	(Unaudited)
	(In thousands)
Beginning Balance	$	946,685	$	666,863
Additions (see Note 3)	18,567		317,410
Purchase accounting adjustments	1,661		(11,080		)
Foreign currency translation adjustments	5,016		(26,508		)
Ending Balance	$	971,929	$	946,685

Schedule of Finite-Lived Intangible Assets by Major Class, Estimated Useful Lives

We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:

Category	Life (yrs)
Customer relationships	7–20
Developed technology	3–12
Airport Contract	9
Store Networks	5
Dealer networks	15-20
Brand	15
Trademarks	3–15
Non-compete agreements	5
Backlog	1.2
Database	10

Schedule of Intangible Assets, Excluding Goodwill

The carrying value of finite-lived and indefinite-lived intangible assets at June 30, 2019 and December 31, 2018 are as follows:

	June 30, 2019			December 31, 2018
	(Unaudited)
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	80,230		$	80,070
Developed technology	19,215			19,176
Airport Contract	4,794			4,752
Store Networks	828			821
Dealer network	6,371			6,315
Trademarks	2,676			2,677
Brand	872			864
Non-compete agreements	764			764
Backlog	140			140
Database	212			212
Total intangibles	116,102			115,791
Accumulated amortization	(69,646		)	(64,343		)
Finite-lived intangibles, net	$	46,456		$	51,448
Indefinite-lived intangibles:
Customer/territorial relationships	$	42,055		$	42,055

Deferred Revenue Disclosure [Text Block]

The Company records contract liabilities when it receives payments or invoices in advance of the performance of services. A significant portion of this balance relates to contracts where the customer has paid in advance for the use of our SaaS platforms over a specified period of time. This portion is recognized as the related performance obligation is fulfilled (generally less than one year). The remaining portion of the contract liabilities balance consists primarily of customer-specific customizations that are not distinct from related performance obligations that transfer over time. This portion is recognized over the expected useful life of the customizations.

(In thousands)	June 30, 2019			December 31, 2018
Balance, beginning of period	$	44,660		$	38,030
Revenue recognized from beginning balance	(30,374		)	(21,697		)
Additions from business acquisitions	—			16,273
Additions, net of revenue recognized and currency translation	24,244			12,054
Balance, end of period	$	38,530		$	44,660