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

12 Months Ended

Dec. 31, 2020

Accounting Policies [Abstract]

Schedule of Cash and Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the statement of financial position that sum to the total of the same such amounts shown in the statement of cash flows:

	For the Year Ended December 31,
	2020		2019		2018
	(In thousands)
Cash and cash equivalents	$	105,035	$	73,228	137,858
Restricted cash	8,519		35,051		8,317
Restricted cash included in other long-term assets	6,659		3,090		3,506
Total cash, cash equivalents, and restricted cash shown in the statement of cash flows	$	120,213	$	111,369	$	149,681

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 at December 31, 2020		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 ($7.4 million is recorded in the long term asset section of the consolidated balance sheets in "Other Assets")	$	32,072	$	—	$	32,072	$	—
Mutual funds	381		381		—		—
Total assets measured at fair value	$	32,453	$	381	$	32,072	$	—
Liabilities
Contingent earn-out acquisition consideration	—		—		—		—
Total liabilities measured at fair value	$	—	$	—	$	—	$	—
* During the year ended December 31, 2020 there were no transfers between fair value Levels 1, 2 or 3.

	Fair Values at Reporting Date Using*
Descriptions	Balance at December 31, 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 ($50 thousand is recorded in the long term asset section of the consolidated balance sheets in "Other Assets")	$	4,493	—		4,493		—
Mutual Funds	1,058		1,058		—		—
Total assets measured at fair value	$	5,551	$	1,058	$	4,493	$	—
Liabilities
Contingent earn-out acquisition consideration (a)	10,095		—		—		10,095
Total liabilities measured at fair value	$	10,095	$	—	$	—	$	10,095
(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 year ended December 31, 2019, 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 year:

Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition Consideration	Balance at December 31, 2020		Balance at December 31, 2019
	(In thousands)
Beginning balance	$	10,095	24,976
Total remeasurement adjustments:
(Gains) or losses included in earnings **	(3,105)		(16,543)
Reductions recorded against goodwill	—		—
Foreign currency translation adjustments ***	(537)		(260)
Acquisitions and settlements
Business acquisitions	—		1,922
Settlements	(6,453)		—
Ending balance	$	—	$	10,095
The amount of total (gains) or losses for the year included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at year-end.	$	(3,105)	$	(16,543)
** recorded as a component of general and administrative expenses
*** recorded as a component of other comprehensive income within stockholders' equity

Fair Value, Significant Unobservable Inputs Used in Measurement of Contingent Consideration Liabilities

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  December 31, 2020	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration:	$—	Discounted cash flow	Expected future annual revenue streams and probability of achievement

(In thousands)	Fair Value at  December 31, 2019	Valuation Technique	Significant Unobservable Input
Contingent acquisition consideration: (Wdev, Miles, Zillious and Essel acquisitions)	$10,095	Discounted cash flow	Expected future annual revenue streams and probability of achievement

Disaggregation of Revenue

Disaggregation of Revenue

    The following tables present revenue disaggregated by primary geographical regions and product channels for the years ended December 31, 2020 , 2019 and 2018:

	Year Ended December 31,
	2020		2019		2018
	(In thousands)
India*	$	378,660	$	300,678	$	196,372
United States	$	166,320	182,530		196,984
Australia	$	33,846	33,268		35,770
Latin America	$	14,801	19,755		19,866
Europe	$	13,145	14,695		15,387
Canada	$	4,383	4,805		5,611
Singapore*	$	3,969	6,549		7,674
Indonesia*	$	3,206	9,706		7,482
Philippines*	$	2,140	5,991		6,483
United Arab Emirates*	$	3,335	683		1,042
New Zealand	$	1,804	1,955		2,015
Mauritius*	$	—	—		3,140
	$	625,609	$	580,615	$	497,826
*Primarily India led businesses for which total revenue was $388.3 million, $320.0 million and $217.5 million for the years ended December 31, 2020, 2019, and 2018, respectively.

    The Company’s revenues are derived from three product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the years ended December 31, 2020, 2019, and 2018.

	For the Year Ended
	December 31,
(In thousands)		2020		2019		2018
EbixCash Exchanges		$	388,293	$	319,953	$	217,457
Insurance Exchanges		178,111		190,067		192,604
Risk Compliance Solutions		59,205		70,595		87,765
Totals		$	625,609	$	580,615	$	497,826

Contract with Customer, Asset and Liability

(In thousands)	December 31, 2020		December 31, 2019
Balance, beginning of period	$	1,897	$	2,238
Costs recognized from beginning balance	(743)		(708)
Additions, net of costs recognized	476		367
Balance, end of period	$	1,630	$	1,897

(In thousands)	December 31, 2020		December 31, 2019
Balance, beginning of period	$	37,253	$	44,660
Revenue recognized from beginning balance	(32,783)		(31,507)
Additions from business acquisitions	—		769
Additions, net of revenue recognized and currency translation	36,460		23,331
Balance, end of period	$	40,930	$	37,253

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of December 31, 2020 that we will transfer from contract liabilities and recognize in future periods:

Estimated Revenue (In thousands):
For the year ending December 31, 2021	$	3,996
For the year ending December 31, 2022	2,791
For the year ending December 31, 2023	2,188
For the year ending December 31, 2024	1,123
For the year ending December 31, 2025	208
	$	10,306

Schedule of Goodwill

Changes in the carrying amount of goodwill for the years ended December 31, 2020 and 2019 are as follows:

	December 31, 2020		December 31, 2019
	(In thousands)
Beginning Balance	$	952,404	$	946,685
Additions for current year acquisitions	11,241		17,931
Adjustments for final purchase accounting	725		741
Foreign currency translation adjustments	(15,333)		(12,953)
Ending Balance	$	949,037	$	952,404

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:

	Life
Category	(years)
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
Database	10

Schedule of Intangible Assets, Excluding Goodwill

Intangible assets as of December 31, 2020 and December 31, 2019, are as follows:

	December 31,
	2020		2019
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	96,616	$	83,012
Developed technology	19,867		19,979
Dealer networks	6,653		6,726
Airport Contract	4,523		4,635
Store Networks	2,440		2,500
Trademarks	2,700		2,689
Brand	896		918
Non-compete agreements	759		764
Backlog	140		140
Database	212		212
Total intangibles	134,806		121,575
Accumulated amortization	(83,926)		(74,620)
Finite-lived intangibles, net	$	50,880	$	46,955
Indefinite-lived intangibles:
Customer/territorial relationships	$	21,647	$	42,055

Useful Lives of Property and Equipment Used in Computation of Depreciation

The estimated useful lives applied by the Company for property and equipment are as follows:

	Life
Asset Category	(years)
Buildings	39
Building Improvements	15
Computer equipment	5
Furniture, fixtures and other	7
Software	3
Land Improvements	20
Land	Unlimited life
Leasehold improvements	Shorter of asset life or life of the lease