Document
P10DP5Dfalse--12-31Q3201900016710134171510004854740003005000400400001452210.010.01461343814460342546134381446034250.01910220.010.055583000786000013700007346000164000850000242000P5YP3Y 0001671013 2019-01-01 2019-09-30 0001671013 2019-10-29 0001671013 2019-09-30 0001671013 2018-12-31 0001671013 2018-07-01 2018-09-30 0001671013 us-gaap:ServiceMember 2018-01-01 2018-09-30 0001671013 2019-07-01 2019-09-30 0001671013 2018-01-01 2018-09-30 0001671013 us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-09-30 0001671013 us-gaap:ProductAndServiceOtherMember 2018-01-01 2018-09-30 0001671013 us-gaap:ServiceMember 2018-07-01 2018-09-30 0001671013 us-gaap:ServiceMember 2019-07-01 2019-09-30 0001671013 us-gaap:ServiceMember 2019-01-01 2019-09-30 0001671013 us-gaap:ProductAndServiceOtherMember 2019-07-01 2019-09-30 0001671013 us-gaap:ProductAndServiceOtherMember 2018-07-01 2018-09-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-09-30 0001671013 us-gaap:CommonStockMember 2019-01-01 2019-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-09-30 0001671013 us-gaap:RetainedEarningsMember 2019-01-01 0001671013 us-gaap:NoncontrollingInterestMember 2018-12-31 0001671013 us-gaap:CommonStockMember 2019-09-30 0001671013 2019-01-01 0001671013 us-gaap:NoncontrollingInterestMember 2019-09-30 0001671013 us-gaap:CommonStockMember 2018-12-31 0001671013 us-gaap:AdditionalPaidInCapitalMember 2019-09-30 0001671013 us-gaap:RetainedEarningsMember 2019-01-01 2019-09-30 0001671013 us-gaap:NoncontrollingInterestMember 2019-01-01 2019-09-30 0001671013 us-gaap:RetainedEarningsMember 2019-09-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0001671013 us-gaap:RetainedEarningsMember 2018-12-31 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 0001671013 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-09-30 0001671013 us-gaap:NoncontrollingInterestMember 2017-12-31 0001671013 us-gaap:RetainedEarningsMember 2018-01-01 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-09-30 0001671013 us-gaap:CommonStockMember 2018-01-01 2018-09-30 0001671013 us-gaap:CommonStockMember 2017-12-31 0001671013 us-gaap:NoncontrollingInterestMember 2018-09-30 0001671013 us-gaap:RetainedEarningsMember 2018-01-01 2018-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-09-30 0001671013 us-gaap:RetainedEarningsMember 2017-12-31 0001671013 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0001671013 2018-09-30 0001671013 us-gaap:CommonStockMember 2018-09-30 0001671013 2017-12-31 0001671013 us-gaap:RetainedEarningsMember 2018-09-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2018-09-30 0001671013 2018-01-01 0001671013 us-gaap:NoncontrollingInterestMember 2018-01-01 2018-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0001671013 us-gaap:CommonStockMember 2018-06-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2018-07-01 2018-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-06-30 0001671013 us-gaap:RetainedEarningsMember 2018-06-30 0001671013 us-gaap:NoncontrollingInterestMember 2018-07-01 2018-09-30 0001671013 us-gaap:CommonStockMember 2018-07-01 2018-09-30 0001671013 2018-06-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-07-01 2018-09-30 0001671013 us-gaap:NoncontrollingInterestMember 2018-06-30 0001671013 us-gaap:RetainedEarningsMember 2018-07-01 2018-09-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2018-06-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2019-07-01 2019-09-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-06-30 0001671013 us-gaap:CommonStockMember 2019-07-01 2019-09-30 0001671013 us-gaap:NoncontrollingInterestMember 2019-06-30 0001671013 us-gaap:RetainedEarningsMember 2019-07-01 2019-09-30 0001671013 us-gaap:CommonStockMember 2019-06-30 0001671013 us-gaap:NoncontrollingInterestMember 2019-07-01 2019-09-30 0001671013 us-gaap:AdditionalPaidInCapitalMember 2019-06-30 0001671013 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-07-01 2019-09-30 0001671013 us-gaap:RetainedEarningsMember 2019-06-30 0001671013 2019-06-30 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 catm:NorthAmericaSegmentMember 2019-05-31 0001671013 catm:CardtronicsMexicoMember 2019-09-30 0001671013 us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 srt:MinimumMember 2019-01-01 2019-09-30 0001671013 us-gaap:SalesRevenueNetMember us-gaap:GeographicConcentrationRiskMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 catm:AutomatedTellerMachinePartsAndSuppliesMember 2018-12-31 0001671013 catm:AutomatedTellerMachineMember 2018-12-31 0001671013 catm:AutomatedTellerMachineMember 2019-09-30 0001671013 catm:AutomatedTellerMachinePartsAndSuppliesMember 2019-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:AccountingStandardsUpdate201602Member 2019-01-01 0001671013 us-gaap:AccountingStandardsUpdate201712Member 2019-01-01 0001671013 srt:MaximumMember 2019-09-30 0001671013 srt:MinimumMember 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 catm:InterchangeRelatedOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 catm:ManagedServicesOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:InterchangeRelatedOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:ManagedServicesOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:SurchargeRelatedOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ProductAndServiceOtherMember 2019-07-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2019-07-01 2019-09-30 0001671013 catm:SurchargeRelatedOperationsMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:NorthAmericaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:SurchargeRelatedOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2018-01-01 2018-09-30 0001671013 catm:SurchargeRelatedOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 catm:ManagedServicesOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 catm:InterchangeRelatedOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:ManagedServicesOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:InterchangeRelatedOperationsMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:NorthAmericaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ProductAndServiceOtherMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:AustraliaAndNewZealandMember 2018-01-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:EuropeAndAfricaSegmentMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember 2018-01-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:ManagedServicesOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 catm:InterchangeRelatedOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 catm:ManagedServicesOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:SurchargeRelatedOperationsMember 2018-07-01 2018-09-30 0001671013 catm:SurchargeRelatedOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:InterchangeRelatedOperationsMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:NorthAmericaSegmentMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:AustraliaAndNewZealandMember 2018-07-01 2018-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ProductAndServiceOtherMember 2018-07-01 2018-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ProductAndServiceOtherMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2019-01-01 2019-09-30 0001671013 catm:SurchargeRelatedOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:SurchargeRelatedOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:ManagedServicesOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ServiceMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember us-gaap:ServiceMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 catm:InterchangeRelatedOperationsMember 2019-01-01 2019-09-30 0001671013 catm:ManagedServicesOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:IntersegmentEliminationMember catm:InterchangeRelatedOperationsMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:ManagedServicesOperationsMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:SurchargeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:BankBrandingAndSurchargeFreeNetworkOperationsMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember catm:InterchangeRelatedOperationsMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:OperatingSegmentsMember us-gaap:ProductAndServiceOtherMember catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 catm:EarnedRestrictedStockUnitsMember 2019-09-30 0001671013 catm:EarnedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001671013 catm:EarnedRestrictedStockUnitsMember 2018-12-31 0001671013 srt:MaximumMember catm:TimeRestrictedStockUnitsMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-09-30 0001671013 srt:MinimumMember catm:TimeRestrictedStockUnitsMember us-gaap:ShareBasedCompensationAwardTrancheOneMember 2019-01-01 2019-09-30 0001671013 catm:MarketBasedRestrictedStockUnitsMember 2018-01-01 2018-12-31 0001671013 catm:MarketBasedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001671013 catm:UnearnedRestrictedStockUnitsMember 2018-01-01 2018-12-31 0001671013 us-gaap:EmployeeStockOptionMember 2019-09-30 0001671013 srt:MinimumMember catm:TimeRestrictedStockUnitsMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-09-30 0001671013 catm:UnearnedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001671013 srt:MaximumMember catm:PerformanceAndMarketBasedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001671013 srt:MaximumMember catm:TimeRestrictedStockUnitsMember us-gaap:ShareBasedCompensationAwardTrancheTwoMember 2019-01-01 2019-09-30 0001671013 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-09-30 0001671013 srt:MinimumMember catm:PerformanceAndMarketBasedRestrictedStockUnitsMember 2019-01-01 2019-09-30 0001671013 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-01-01 2019-09-30 0001671013 us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001671013 us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001671013 us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001671013 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-01-01 2018-09-30 0001671013 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2018-07-01 2018-09-30 0001671013 us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001671013 us-gaap:SellingGeneralAndAdministrativeExpensesMember 2019-07-01 2019-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2019-09-30 0001671013 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2019-06-30 0001671013 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-07-01 2019-09-30 0001671013 us-gaap:AccumulatedTranslationAdjustmentMember 2019-09-30 0001671013 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-09-30 0001671013 us-gaap:AccumulatedTranslationAdjustmentMember 2019-07-01 2019-09-30 0001671013 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-06-30 0001671013 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2019-09-30 0001671013 us-gaap:AccumulatedTranslationAdjustmentMember 2019-06-30 0001671013 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2019-01-01 2019-09-30 0001671013 us-gaap:AccumulatedGainLossNetCashFlowHedgeParentMember 2018-12-31 0001671013 us-gaap:AccumulatedTranslationAdjustmentMember 2019-01-01 2019-09-30 0001671013 us-gaap:AociIncludingPortionAttributableToNoncontrollingInterestMember 2018-12-31 0001671013 us-gaap:AccumulatedTranslationAdjustmentMember 2018-12-31 0001671013 us-gaap:ForeignCountryMember 2019-09-30 0001671013 2019-03-26 0001671013 catm:EuropeAndAfricaSegmentMember 2018-12-31 0001671013 catm:NorthAmericaSegmentMember 2018-12-31 0001671013 catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 catm:AustraliaAndNewZealandMember 2019-09-30 0001671013 catm:EuropeAndAfricaSegmentMember 2019-01-01 2019-09-30 0001671013 catm:NorthAmericaSegmentMember 2019-01-01 2019-09-30 0001671013 catm:AustraliaAndNewZealandMember 2018-12-31 0001671013 catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:AustraliaAndNewZealandMember 2019-01-01 2019-09-30 0001671013 catm:DeferredFinancingCostsMember 2018-12-31 0001671013 us-gaap:NoncompeteAgreementsMember 2019-09-30 0001671013 us-gaap:NoncompeteAgreementsMember 2018-12-31 0001671013 catm:CustomerAndBankBrandingContractsRelationshipsMember 2018-12-31 0001671013 us-gaap:TradeNamesMember 2019-09-30 0001671013 catm:CustomerAndBankBrandingContractsRelationshipsMember 2019-09-30 0001671013 us-gaap:DevelopedTechnologyRightsMember 2019-09-30 0001671013 us-gaap:DevelopedTechnologyRightsMember 2018-12-31 0001671013 us-gaap:TradeNamesMember 2018-12-31 0001671013 catm:DeferredFinancingCostsMember 2019-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2018-12-31 0001671013 us-gaap:RevolvingCreditFacilityMember 2019-09-30 0001671013 us-gaap:RevolvingCreditFacilityMember 2018-12-31 0001671013 catm:SeniorNotes5.50PercentDue2025Member 2019-09-30 0001671013 catm:SeniorNotes5.50PercentDue2025Member 2018-12-31 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2013-11-19 2013-11-19 0001671013 us-gaap:RevolvingCreditFacilityMember 2019-09-18 0001671013 srt:MinimumMember catm:CreditAgreementMember catm:DebtInstrumentsBearingSecondSpecifiedVariableInterestRateMember 2018-11-19 2018-11-19 0001671013 srt:MaximumMember catm:CreditAgreementMember 2018-11-19 2018-11-19 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2013-11-19 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member us-gaap:CallOptionMember 2019-01-01 2019-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2016-07-01 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2016-07-01 2016-07-01 0001671013 catm:CommonStockPurchaseWarrantsMember catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2019-09-30 0001671013 catm:SeniorNotes5.50PercentDue2025Member 2017-04-04 0001671013 srt:MinimumMember catm:CreditAgreementMember 2018-11-19 2018-11-19 0001671013 srt:MaximumMember catm:CreditAgreementMember catm:AlternativeBaseRateLoansAndCanadianPrimeRateLoansMember 2018-11-19 2018-11-19 0001671013 srt:MaximumMember catm:CreditAgreementMember catm:DebtInstrumentsBearingSecondSpecifiedVariableInterestRateMember 2018-11-19 2018-11-19 0001671013 us-gaap:RevolvingCreditFacilityMember 2019-09-19 0001671013 srt:MinimumMember catm:CreditAgreementMember catm:AlternativeBaseRateLoansAndCanadianPrimeRateLoansMember 2018-11-19 2018-11-19 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2018-01-01 2018-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2019-01-01 2019-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2018-07-01 2018-09-30 0001671013 catm:ConvertibleSeniorNotes1.00PercentDue2020Member 2019-07-01 2019-09-30 0001671013 catm:MerchantSpaceLeasesMember srt:MaximumMember 2019-09-30 0001671013 catm:VehicleAndOfficeEquipmentLeasesMember srt:MaximumMember 2019-01-01 2019-09-30 0001671013 catm:FacilityLeasesMember srt:MinimumMember 2019-09-30 0001671013 catm:VehicleAndOfficeEquipmentLeasesMember srt:MaximumMember 2019-09-30 0001671013 catm:VehicleAndOfficeEquipmentLeasesMember srt:MinimumMember 2019-09-30 0001671013 catm:FacilityLeasesMember srt:MaximumMember 2019-09-30 0001671013 catm:MerchantSpaceLeasesMember srt:MinimumMember 2019-09-30 0001671013 catm:DerivativeContractPeriodNineMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2019-09-30 0001671013 catm:DerivativeContractPeriodTwoMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2019-09-30 0001671013 us-gaap:ForeignExchangeForwardMember us-gaap:SubsequentEventMember 2019-10-14 0001671013 us-gaap:InterestRateSwapMember 2019-09-30 0001671013 catm:DerivativeContractPeriodTenMember currency:AUD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2019-07-01 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2019-07-01 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2018-07-01 2018-09-30 0001671013 catm:DerivativeContractPeriodTwoMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodOneMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodFourMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodThreeMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:EuropeAndAfricaSegmentMember 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2018-01-01 2018-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2019-01-01 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2019-01-01 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-01-01 2018-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-01-01 2018-06-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2018-01-01 2018-06-30 0001671013 catm:DerivativeContractPeriodOneMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:AustraliaAndNewZealandMember 2019-09-30 0001671013 catm:DerivativeContractPeriodTwoMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:AustraliaAndNewZealandMember 2019-09-30 0001671013 catm:DerivativeContractPeriodThreeMember us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:AustraliaAndNewZealandMember 2019-09-30 0001671013 catm:DerivativeContractPeriodFiveMember us-gaap:InterestRateCapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-04-01 2018-06-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:CostOfSalesMember 2018-04-01 2018-06-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:InterestExpenseMember 2018-07-01 2018-09-30 0001671013 catm:DerivativeContractPeriodTwoMember currency:CAD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodFourMember currency:USD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodOneMember currency:CAD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodThreeMember currency:USD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodTwoMember currency:USD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodOneMember currency:USD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodEightMember currency:USD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodThreeMember currency:CAD us-gaap:InterestRateSwapMember us-gaap:CashFlowHedgingMember catm:NorthAmericaSegmentMember 2019-09-30 0001671013 catm:DerivativeContractPeriodSixMember us-gaap:RevolvingCreditFacilityMember catm:InterestRateDerivativesMember us-gaap:CashFlowHedgingMember 2019-09-30 0001671013 catm:DerivativeContractPeriodSevenMember us-gaap:RevolvingCreditFacilityMember catm:InterestRateDerivativesMember us-gaap:CashFlowHedgingMember 2019-09-30 0001671013 us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001671013 us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001671013 catm:CurrentPortionOfOtherLongTermLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001671013 catm:PrepaidExpensesDeferredCostsAndOtherNoncurrentAssetsCaptionMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001671013 catm:PrepaidExpensesDeferredCostsAndOtherCurrentAssetsCaptionMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001671013 catm:PrepaidExpensesDeferredCostsAndOtherCurrentAssetsCaptionMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001671013 us-gaap:OtherLiabilitiesMember catm:InterestRateSwapAndCapContractsMember us-gaap:DesignatedAsHedgingInstrumentMember 2018-12-31 0001671013 catm:CurrentPortionOfOtherLongTermLiabilitiesMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001671013 catm:PrepaidExpensesDeferredCostsAndOtherNoncurrentAssetsCaptionMember us-gaap:InterestRateSwapMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001671013 us-gaap:OtherLiabilitiesMember catm:InterestRateSwapAndCapContractsMember us-gaap:DesignatedAsHedgingInstrumentMember 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2019-09-30 0001671013 us-gaap:FairValueInputsLevel2Member 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2019-09-30 0001671013 us-gaap:FairValueInputsLevel3Member 2019-09-30 0001671013 us-gaap:FairValueInputsLevel1Member 2019-09-30 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel3Member 2018-12-31 0001671013 us-gaap:FairValueInputsLevel2Member 2018-12-31 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel2Member 2018-12-31 0001671013 us-gaap:FairValueInputsLevel3Member 2018-12-31 0001671013 us-gaap:FairValueInputsLevel1Member 2018-12-31 0001671013 us-gaap:InterestRateSwapMember us-gaap:FairValueInputsLevel1Member 2018-12-31 0001671013 us-gaap:InterestRateSwapMember 2018-12-31 0001671013 us-gaap:OperatingSegmentsMember catm:NorthAmericaSegmentMember 2018-12-31 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2019-09-30 0001671013 us-gaap:CorporateNonSegmentMember 2018-12-31 0001671013 us-gaap:OperatingSegmentsMember catm:EuropeAndAfricaSegmentMember 2018-12-31 0001671013 us-gaap:OperatingSegmentsMember catm:AustraliaAndNewZealandMember 2018-12-31 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001671013 srt:ConsolidationEliminationsMember 2018-01-01 2018-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-01-01 2018-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001671013 srt:ConsolidationEliminationsMember 2019-01-01 2019-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-01-01 2019-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-07-01 2018-09-30 0001671013 srt:ConsolidationEliminationsMember 2018-07-01 2018-09-30 0001671013 srt:ConsolidationEliminationsMember 2019-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2019-09-30 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2018-12-31 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-12-31 0001671013 srt:ConsolidationEliminationsMember 2018-12-31 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-12-31 0001671013 srt:ConsolidationEliminationsMember 2017-12-31 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2018-09-30 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0001671013 srt:ConsolidationEliminationsMember 2018-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2017-12-31 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2018-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2017-12-31 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2018-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2017-12-31 0001671013 srt:GuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001671013 srt:SubsidiaryIssuerMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001671013 srt:ParentCompanyMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001671013 srt:NonGuarantorSubsidiariesMember srt:ReportableLegalEntitiesMember 2019-07-01 2019-09-30 0001671013 srt:ConsolidationEliminationsMember 2019-07-01 2019-09-30 0001671013 catm:TopFiveMerchantsMember us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2018-10-01 2019-09-30 0001671013 us-gaap:SalesRevenueNetMember us-gaap:CustomerConcentrationRiskMember 2018-10-01 2019-09-30 xbrli:shares iso4217:USD catm:atm xbrli:pure iso4217:USD xbrli:shares catm:financial_institution iso4217:CAD catm:derivative_contract iso4217:AUD catm:trading_day iso4217:GBP
Table of Contents

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
(Mark One)
 
 
 
 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
 
For the quarterly period ended
September 30, 2019
 
 
 
or
 
 
 
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 
 
 
 
For the transition period from    to
Commission File Number: 001-37820
________________________________________
Cardtronics plc
(Exact name of registrant as specified in its charter)
England and Wales
98-1304627
(State or other jurisdiction of
(I.R.S. Employer
incorporation or organization)
Identification No.)
2050 West Sam Houston Parkway South, Suite 1300
77042
Houston
Texas
(Zip Code)
(Address of principal executive offices)
 

Registrant’s telephone number, including area code: (832) 308-4000
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
 Ordinary Shares, nominal value $0.01 per share
 CATM
NASDAQ Stock Market
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes No
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes No
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,’’ “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.
Large accelerated filer
 
Accelerated filer
Non-accelerated filer
 
Smaller reporting company
Emerging growth company
 
 
 
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes No
Shares outstanding as of October 29, 2019: 44,603,873 Ordinary shares, nominal value $0.01 per share.
 


Table of Contents

CARDTRONICS PLC
TABLE OF CONTENTS
 
Page
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
When we refer to “us,” “we,” “our,” “ours,” “the Company,” or “Cardtronics” we are describing Cardtronics plc and/or our subsidiaries, unless the context indicates otherwise.

2

Table of Contents

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
CARDTRONICS PLC
CONSOLIDATED BALANCE SHEETS
(In thousands, excluding share and per share amounts)
 
September 30, 2019
 
December 31, 2018
 
(Unaudited)
 
 
ASSETS
 
 
 
Current assets:
 
 
 
Cash and cash equivalents
$
26,534

 
$
39,940

Accounts and notes receivable, net of allowance for doubtful accounts of $4,004 and $3,005 as of September 30, 2019 and December 31, 2018, respectively
95,116

 
75,643

Inventory, net
13,405

 
11,392

Restricted cash
178,748

 
155,470

Prepaid expenses, deferred costs, and other current assets
71,962

 
84,386

Total current assets
385,765

 
366,831

Property and equipment, net of accumulated depreciation of $485,474 and $417,151 as of September 30, 2019 and December 31, 2018, respectively
445,857

 
460,187

Intangible assets, net
123,420

 
150,847

Goodwill
744,898

 
749,144

Operating lease assets
82,222

 

Deferred tax asset, net
13,410

 
8,658

Prepaid expenses, deferred costs, and other noncurrent assets
33,521

 
51,677

Total assets
$
1,829,093

 
$
1,787,344

 
 
 
 
LIABILITIES AND SHAREHOLDERS’ EQUITY
 
 
 
Current liabilities:
 
 
 
Current portion of other long-term liabilities
$
46,726

 
$
20,266

Accounts payable
44,144

 
39,310

Accrued liabilities
421,696

 
369,160

Total current liabilities
512,566

 
428,736

 
 
 
 
Long-term debt
752,920

 
818,485

Asset retirement obligations
52,949

 
54,413

Noncurrent operating lease liabilities
74,064

 

Deferred tax liability, net
39,160

 
41,198

Other long-term liabilities
49,213

 
67,740

Total liabilities
1,480,872

 
1,410,572

 
 
 
 
Commitments and contingencies (See Note 15)

 

 
 
 
 
Shareholders' equity:
 
 
 
Ordinary shares, $0.01 nominal value; 44,603,425 and 46,134,381 issued and outstanding as of September 30, 2019 and December 31, 2018, respectively
446

 
461

Additional paid-in capital
328,340

 
327,009

Accumulated other comprehensive loss, net
(93,606
)
 
(66,877
)
Retained earnings
113,141

 
116,276

Total parent shareholders' equity
348,321

 
376,869

Noncontrolling interests
(100
)
 
(97
)
Total shareholders’ equity
348,221

 
376,772

Total liabilities and shareholders’ equity
$
1,829,093

 
$
1,787,344

The accompanying notes are an integral part of these consolidated financial statements.

3

Table of Contents

CARDTRONICS PLC
CONSOLIDATED STATEMENTS OF OPERATIONS
(In thousands, excluding share and per share amounts)
(Unaudited)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Revenues:
 
 
 
 
 
 
 
ATM operating revenues
$
333,384

 
$
329,837

 
$
959,067

 
$
978,789

ATM product sales and other revenues
18,123

 
10,338

 
51,531

 
38,557

Total revenues
351,507

 
340,175

 
1,010,598

 
1,017,346

Cost of revenues:
 
 
 
 
 
 
 
Cost of ATM operating revenues (excludes depreciation, accretion, and amortization of intangible assets reported separately below. See Note 1(c))
208,860

 
216,849

 
623,099

 
647,692

Cost of ATM product sales and other revenues
14,922

 
8,680

 
41,148

 
31,528

Total cost of revenues
223,782

 
225,529

 
664,247

 
679,220

Operating expenses:
 
 
 
 
 
 
 
Selling, general, and administrative expenses
46,257

 
41,896

 
131,912

 
124,564

Restructuring expenses
3,583

 
1,058

 
7,046

 
5,534

Acquisition related expenses

 

 

 
2,633

Depreciation and accretion expense
33,466

 
30,647

 
99,644

 
93,453

Amortization of intangible assets
12,404

 
12,994

 
37,407

 
40,263

Loss on disposal and impairment of assets
637

 
466

 
3,101

 
15,583

Total operating expenses
96,347

 
87,061

 
279,110

 
282,030

Income from operations
31,378

 
27,585

 
67,241

 
56,096

Other expenses:
 
 
 
 
 
 
 
Interest expense, net
6,751

 
8,852

 
20,265

 
27,185

Amortization of deferred financing costs and note discount
3,377

 
3,397

 
9,999

 
10,060

Other income
(3,703
)
 
(1,297
)
 
(9,454
)
 
(1,324
)
Total other expenses
6,425

 
10,952

 
20,810

 
35,921

 Income before income taxes
24,953

 
16,633

 
46,431

 
20,175

Income tax expense
4,086

 
7,854

 
10,780

 
10,409

Net income
20,867

 
8,779

 
35,651

 
9,766

Net income (loss) attributable to noncontrolling interests
3

 
(2
)
 
(3
)
 
(14
)
Net income attributable to controlling interests and available to common shareholders
$
20,864

 
$
8,781

 
$
35,654

 
$
9,780

 
 
 
 
 
 
 
 
Net income per common share – basic
$
0.46

 
$
0.19

 
$
0.77

 
$
0.21

Net income per common share – diluted
$
0.46

 
$
0.19

 
$
0.77

 
$
0.21

 
 
 
 
 
 
 
 
Weighted average shares outstanding – basic
45,058,226

 
46,073,739

 
46,040,027

 
45,945,728

Weighted average shares outstanding – diluted
45,504,165

 
46,476,787

 
46,475,353

 
46,386,523

The accompanying notes are an integral part of these consolidated financial statements.

4

Table of Contents

CARDTRONICS PLC
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)
(In thousands)
(Unaudited)
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
Net income
$
20,867

 
$
8,779

 
$
35,651

 
$
9,766

Unrealized (loss) gain on interest rate swap contracts, net of deferred income tax (benefit) expense of ($583) and $1,370 for the three months ended September 30, 2019 and 2018, respectively, and ($7,860) and $7,346 for the nine months ended September 30, 2019 and 2018, respectively.
(2,798
)
 
5,192

 
(29,107
)
 
24,583

Foreign currency translation adjustments, net of deferred income tax (benefit) expense of $0 and $(164) for the three months ended September 30, 2019 and 2018, respectively, and ($242) and $85 for the nine months ended September 30, 2019 and 2018, respectively.
(6,998
)
 
(1,144
)
 
2,378

 
(24,324
)
Other comprehensive (loss) income
(9,796
)
 
4,048

 
(26,729
)
 
259

Total comprehensive income
11,071

 
12,827

 
8,922

 
10,025

Less: Comprehensive income (loss) attributable to noncontrolling interests
2

 
(5
)
 
(3
)
 
(14
)
Comprehensive income attributable to controlling interests
$
11,069

 
$
12,832

 
$
8,925

 
$
10,039

The accompanying notes are an integral part of these consolidated financial statements.

5

Table of Contents



CARDTRONICS PLC
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY 
(In thousands)
(Unaudited)

 
Three Months Ended September 30, 2019
 
Common Shares
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Loss, Net
Retained
Earnings
Noncontrolling
Interests
 
 
Shares
Amount
Total
Balance as of June 30, 2019
45,645

$
456

$
330,131

$
(83,810
)
$
115,197

$
(101
)
$
361,873

Issuance of common shares for share-based compensation, net of forfeitures
12







Share-based compensation expense


5,633




5,633

Tax payments related to share-based compensation


(202
)



(202
)
Repurchase of common shares
(1,054
)
(10
)
(7,222
)

(22,920
)

(30,152
)
Unrealized loss on interest rate swap and foreign currency forward contracts, net of deferred income tax benefit of $(583)



(2,798
)


(2,798
)
Net income attributable to controlling interests




20,864


20,864

Net loss attributable to noncontrolling interests





3

3

Foreign currency translation adjustments, net of deferred income tax benefit of $(0)



(6,998
)

(2
)
(7,000
)
Balance as of September 30, 2019
44,603

$
446

$
328,340

$
(93,606
)
$
113,141

$
(100
)
$
348,221


 
Three Months Ended September 30, 2018
 
Common Shares
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Loss, Net
Retained
Earnings
Noncontrolling
Interests
 
 
Shares
Amount
Total
Balance as of June 30, 2018
45,921

$
459

$
320,383

$
(37,384
)
$
113,602

$
(89
)
$
396,971

Share-based compensation expense


4,669




4,669

Tax payments related to share-based compensation

2

(2,740
)



(2,738
)
Unrealized gain on interest rate swap and foreign currency forward contracts, net of deferred income tax expense of $1,370



5,192



5,192

Net income attributable to controlling interests




8,781


8,781

Net income attributable to noncontrolling interests





(2
)
(2
)
Foreign currency translation adjustments, net of deferred income tax benefit of $(164)


11

(1,144
)

(2
)
(1,135
)
Balance as of September 30, 2018
45,921

$
461

$
322,323

$
(33,336
)
$
122,383

$
(93
)
$
411,738

The accompanying notes are an integral part of these consolidated financial statements.



6

Table of Contents

CARDTRONICS PLC
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY 
(In thousands)
(Unaudited)
 
Nine Months Ended September 30, 2019
 
Common Shares
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Loss, Net
Retained
Earnings
Noncontrolling
Interests
 
 
Shares
Amount
Total
Balance as of December 31, 2018
46,134

$
461

$
327,009

$
(66,877
)
$
116,276

$
(97
)
$
376,772

Cumulative effect of change in accounting principle



366

(366
)


Issuance of common shares for share-based compensation, net of forfeitures
201

2





2

Share-based compensation expense


15,367




15,367

Tax payments related to share-based compensation


(2,224
)



(2,224
)
Repurchase of common shares
(1,732
)
(17
)
(11,812
)

(38,423
)

(50,252
)
Unrealized loss on interest rate swap and foreign currency forward contracts, net of deferred income tax benefit of $(7,860)



(29,473
)


(29,473
)
Net income attributable to controlling interests




35,654


35,654

Net loss attributable to noncontrolling interests





(3
)
(3
)
Foreign currency translation adjustments, net of deferred income tax benefit of $(242)



2,378



2,378

Balance as of September 30, 2019
44,603

$
446

$
328,340

$
(93,606
)
$
113,141

$
(100
)
$
348,221


 
Nine Months Ended September 30, 2018
 
Common Shares
Additional
Paid-In
Capital
Accumulated
Other
Comprehensive
Loss, Net
Retained
Earnings
Noncontrolling
Interests
 
 
Shares
Amount
Total
Balance as of December 31, 2017
45,696

$
457

$
316,940

$
(33,595
)
$
106,670

$
(79
)
$
390,393

Cumulative effect of change in accounting principle




5,933


5,933

Issuance of common shares for share-based compensation, net of forfeitures
225

4





4

Share-based compensation expense


10,627




10,627

Tax payments related to share-based compensation


(5,245
)



(5,245
)
Unrealized gain on interest rate swap and foreign currency forward contracts, net of deferred income tax expense of $7,346



24,583



24,583

Net income attributable to controlling interests




9,780


9,780

Net loss attributable to noncontrolling interests





(14
)
(14
)
Foreign currency translation adjustments, net of deferred income tax expense of $85


1

(24,324
)



(24,323
)
Balance as of September 30, 2018
45,921

$
461

$
322,323

$
(33,336
)
$
122,383

$
(93
)
$
411,738

The accompanying notes are an integral part of these consolidated financial statements.



7

Table of Contents

CARDTRONICS PLC
CONSOLIDATED STATEMENTS OF CASH FLOWS 
(In thousands)
(Unaudited)
 
Nine Months Ended
September 30,
 
2019
 
2018
Cash flows from operating activities:
 
 
 
Net income
$
35,651

 
$
9,766

Adjustments to reconcile net income to net cash provided by operating activities:


 
 

Depreciation, accretion, and amortization of intangible assets
137,051

 
133,716

Amortization of deferred financing costs and note discount
9,999

 
10,060

Share-based compensation expense
15,367

 
10,627

Deferred income tax expense
1,089

 
1,895

Loss on disposal and impairment of assets
3,101

 
15,583

Other reserves and non-cash items
(8,565
)
 
(753
)
Changes in assets and liabilities:
 
 
 
(Increase) decrease in accounts and notes receivable, net
(21,589
)
 
17,477

Decrease (increase) in prepaid expenses, deferred costs, and other current assets
7,810

 
(5,210
)
Increase in inventory, net
(4,035
)
 
(3,321
)
Decrease in other assets
5,047

 
4,987

Increase in accounts payable
5,526

 
2,397

Increase in restricted cash liabilities
22,629

 
25,709

Increase (decrease) in accrued liabilities
31,827

 
(22,736
)
Decrease in other liabilities
(9,216
)
 
(15,615
)
Net cash provided by operating activities
231,692

 
184,582

 
 
 
 
Cash flows from investing activities:
 
 
 
Additions to property and equipment
(90,319
)
 
(73,357
)
Acquisitions, net of cash acquired
(9,100
)
 

Net cash used in investing activities
(99,419
)
 
(73,357
)
 
 
 
 
Cash flows from financing activities:
 
 
 
Proceeds from borrowings under revolving credit facility
486,486

 
478,023

Repayments of borrowings under revolving credit facility
(555,588
)
 
(569,017
)
Debt issuance, modification, and redemption costs
(924
)
 

Tax payments related to share-based compensation
(2,224
)
 
(5,245
)
Proceeds from exercises of stock options
2

 
14

Repurchase of common shares
(50,252
)
 

Net cash used in financing activities
(122,500
)
 
(96,225
)
 
 
 
 
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
99

 
(404
)
Net increase in cash, cash equivalents, and restricted cash
9,872

 
14,596

 
 
 
 
Cash, cash equivalents, and restricted cash as of beginning of period
195,410

 
99,817

Cash, cash equivalents, and restricted cash as of end of period
$
205,282

 
$
114,413

 
 
 
 
Supplemental disclosure of cash flow information:
 
 
 
Cash paid for interest
$
14,453

 
$
25,754

Cash paid (refunded) for income taxes
$
5,251

 
$
(1,240
)
The accompanying notes are an integral part of these consolidated financial statements.


8

Table of Contents

CARDTRONICS PLC
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(Unaudited)
(1) General and Basis of Presentation
(a) General
Cardtronics plc, together with its wholly and majority-owned subsidiaries (collectively, the “Company”), provides convenient automated financial related services to consumers through its global network of automated teller machines and multi-function financial services kiosks (collectively referred to as “ATMs”). As of September 30, 2019, the Company was the world’s largest ATM owner/operator, providing services to over 295,000 ATMs globally, approximately 25% of which are Company-owned.  
During the three months ended September 30, 2019, approximately 63% of the Company’s revenues were derived from operations in North America (including its ATM operations in the United States ("U.S."), Canada, and Mexico), approximately 30% of the Company’s revenues were derived from operations in Europe and Africa (including its ATM operations in the United Kingdom ("U.K."), Ireland, Germany, Spain, and South Africa), and approximately 7% of the Company’s revenues were derived from the Company’s operations in Australia and New Zealand. As of September 30, 2019, the Company provided processing only services or various forms of managed services solutions to approximately 206,000 ATMs. Under a managed services arrangement, retailers, financial institutions, and ATM distributors rely on Cardtronics to handle some or all of the operational aspects associated with operating and maintaining ATMs, typically in exchange for a monthly service fee, fee per transaction, or fee per service provided.
Through its network, the Company delivers financial related services to cardholders and provides ATM management and ATM equipment-related services (typically under multi-year contracts) to large retail merchants, smaller retailers, and operators of facilities such as shopping malls, airports, and train stations. In doing so, the Company provides its retail partners with a compelling automated solution that helps attract and retain customers, and in turn, increases the likelihood that the ATMs placed at their facilities will be utilized. The Company also owns and operates electronic funds transfer (“EFT”) transaction processing platforms that provide transaction processing services to its network of ATMs, as well as to other ATMs under managed services arrangements. Additionally, the Company provides processing services for issuers of debit cards.
In addition to its retail merchant relationships, the Company also partners with leading financial institutions to brand selected ATMs within its network. As of September 30, 2019, approximately 21,000 of the Company’s ATMs were branded with approximately 500 financial institutions to place their logos on the ATMs and to provide convenient surcharge-free access for their banking customers. These financial institutions include BBVA Compass Bancshares, Inc., Citibank, N.A., Citizens Financial Group, Inc., Cullen/Frost Bankers, Inc., Discover Bank, PNC Bank, N.A., Santander Bank, N.A., TD Bank, N.A. and USAA in the U.S.; Bank of Nova Scotia, BMO Bank of Montreal, Canadian Imperial Bank Commerce, and TD Bank in Canada; Deutsche Post Bank in Germany; ING Group in Spain; Capitec Bank in South Africa, and the Bank of Queensland Limited and HSBC Holdings plc in Australia. In Mexico, the Company partners with Scotiabank and Banco Multiva.
The Company owns and operates the Allpoint network (“Allpoint”), the largest retail based surcharge-free ATM network (based on the number of participating ATMs). Allpoint, which has approximately 55,000 participating ATMs, provides surcharge-free ATM access to approximately 1,200 participating credit unions, banks, and stored-value debit card issuers. For participants, Allpoint provides scale, density, and convenience of surcharge-free ATMs that surpasses the largest banks in the U.S. Allpoint earns either a fixed monthly fee per cardholder or a fixed fee per transaction that is paid by the participants. Allpoint includes a majority of the Company’s ATMs in the U.S. and certain ATMs in the U.K., Canada, Mexico, and Australia. Allpoint also provides services to organizations that manage stored-value debit card programs on behalf of corporate entities and governmental agencies, including general purpose, payroll, and electronic benefits transfer cards. Under these programs, the issuing organizations pay Allpoint a fee per issued stored-value debit card or per transaction in return for allowing the users of those cards surcharge-free access to Allpoint’s participating ATM network. 

9

Table of Contents

The Company’s revenues are generally recurring in nature, and historically have been derived primarily from convenience transaction fees, which are paid by cardholders, as well as other transaction-based fees, including interchange fees, which are paid by the cardholder’s financial institution for the use of the ATMs serving their customers and connectivity to the applicable EFT network that transmits data between the ATM and the cardholder’s financial institution. Other revenue sources include: (i) fees from financial institutions that participate in Allpoint, (ii) fees for bank-branding ATMs and providing financial institution cardholders with surcharge-free access, (iii) revenues earned by providing managed services (including transaction processing services) solutions to retailers and financial institutions, (iv) fees earned from foreign currency exchange transactions at the ATM, known as dynamic currency conversion, and (v) revenues from the sale of ATMs and ATM-related equipment and other ancillary services.
(b) Basis of Presentation
This Quarterly Report on Form 10-Q (this “Form 10-Q”) has been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) applicable to interim financial information. As this is an interim period filing presented using a condensed format, it does not include all of the disclosures required by accounting principles generally accepted in the U.S. (“U.S. GAAP” or “GAAP”), although the Company believes that the disclosures are adequate to make the information not misleading. This Form 10-Q should be read along with the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 (the “2018 Form 10-K”), which includes a summary of the Company’s significant accounting policies and other disclosures.
In management’s opinion, all normal recurring adjustments necessary for a fair presentation of the Company’s interim and prior period results have been made. The results of operations for the three and nine months ended September 30, 2019 and 2018 are not necessarily indicative of results of operations that may be expected for any other interim period or for the full fiscal year.
The unaudited interim financial statements include the accounts of the Company. All material intercompany accounts and transactions have been eliminated in consolidation. The Company owns a majority (95.7%) interest in, and realizes a majority of the earnings and/or losses of, Cardtronics Mexico, S.A. de C.V., thus this entity is reflected as a consolidated subsidiary in the financial statements, with the remaining ownership interests not held by the Company being reflected as noncontrolling interests.
The preparation of the unaudited interim financial statements to conform with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of this Form 10-Q and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates and these differences could be material to the financial statements.
(c) Cost of ATM Operating Revenues Presentation 
The Company presents the Cost of ATM operating revenues in the accompanying Consolidated Statements of Operations exclusive of depreciation, accretion, and amortization of intangible assets related to ATMs and ATM-related assets.
The following table reflects the amounts excluded from the Cost of ATM operating revenues line in the accompanying Consolidated Statements of Operations for the periods presented:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
Depreciation and accretion expenses related to ATMs and ATM-related assets
$
24,899

 
$
22,462

 
$
74,890

 
$
68,874

Amortization of intangible assets
12,404

 
12,994

 
37,407

 
40,263

Total depreciation, accretion, and amortization of intangible assets excluded from Cost of ATM operating revenues
$
37,303

 
$
35,456

 
$
112,297

 
$
109,137


(d) Restructuring Expenses
During 2017 and 2018, the Company implemented a global corporate reorganization and cost reduction initiative (the "2017 and 2018 Restructuring Plan”), intended to improve its cost structure and operating efficiency. The 2017 and 2018 Restructuring Plan included workforce reductions, facility closures and other cost reduction measures. During the three and nine months ended September 30, 2018, the Company incurred pre-tax charges of $1.1 million and $5.5 million, respectively, related to the 2017 and 2018 Restructuring Plan, primarily consisting of employee severance.

10

Table of Contents

During the three and nine months ended September 30, 2019, the Company incurred $3.6 million and $7.0 million, respectively, of pre-tax charges related to 2019 restructuring activity (the "2019 Restructuring Plan"), consisting of workforce reductions, facility closures and professional fees.

11

Table of Contents

The following table reflects the amounts recorded in the Restructuring expenses line in the accompanying Consolidated Statements of Operations for the periods presented:
 
Three Months Ended
September 30,
 
Nine Months Ended
September 30,
 
2019
 
2018
 
2019
 
2018
 
(In thousands)
North America
$
799

 
$
942

 
$
1,012

 
$
3,072

Europe & Africa
2,335

 
116

 
2,735

 
1,292

Corporate
449

 

 
3,299

 
1,170

Total restructuring expenses
$
3,583

 
$
1,058

 
$
7,046

 
$
5,534


As of September 30, 2019, the following tables reflect unpaid employee severance costs, facility costs and professional fees. These amounts are presented within the Accrued liabilities line item in the accompanying Consolidated Balance Sheets. 
 
As of September 30, 2019
 
North America
 
Europe & Africa
 
Corporate
 
Total
 
(In thousands)
Accrued liabilities
$
673

 
$

 
$

 
$
673


The changes in the Company’s restructuring liabilities consisted of the following:
 
(In thousands)
Restructuring liabilities as of December 31, 2018
$
1,531

Restructuring expenses
7,046

Payments
(7,904
)
Restructuring liabilities as of September 30, 2019
$
673


(e) Cash, Cash Equivalents, and Restricted Cash
For purposes of reporting financial condition, cash and cash equivalents include cash in bank and short-term deposit accounts. Additionally, the Company maintains cash on deposit with banks that is pledged for a particular use or restricted to support a liability. These balances are recorded in Restricted cash and/or Prepaid expenses, deferred costs, and other noncurrent assets lines in the accompanying Consolidated Balance Sheets based on when the Company expects this cash to be paid. Current restricted cash primarily consists of amounts collected on behalf of, but not yet remitted to, certain of the Company’s merchant customers or third-party service providers. Restricted cash in current and noncurrent assets are offset by corresponding liability balances in the Accrued liabilities line in the accompanying Consolidated Balance Sheets. The changes in the settlement liabilities corresponding to the changes in the balance of restricted cash during the nine month period ended September 30, 2019 and 2018 are presented in the Statements of Cash Flows within the increase in restricted cash liabilities line.
The following table provides a reconciliation of the ending cash, cash equivalents, and restricted cash balances as of September 30, 2019 and 2018, corresponding with the balances in the accompanying Consolidated Statements of Cash Flows.
 
September 30,
 
2019
 
2018
 
(In thousands)
Cash and cash equivalents
$
26,534

 
$
40,428

Current and long-term restricted cash
178,748

 
73,985

Total cash, cash equivalents, and restricted cash in the Consolidated Statements of Cash Flows
$
205,282

 
$
114,413





12

Table of Contents

(f) Inventory, net
The Company’s inventory is determined using the average cost method. The Company periodically assesses its inventory, and as necessary, adjusts the carrying values to the lower of cost or net realizable value.
The following table reflects the Company’s primary inventory components:
 
September 30, 2019
 
December 31, 2018
 
(In thousands)
ATMs
$
3,644

 
$
1,990

ATM spare parts and supplies
10,088

 
9,572

Total inventory
13,732

 
11,562

Less: Inventory reserves
(327
)
 
(170
)
Inventory, net
$
13,405

 
$
11,392


(g) Acquisition
In May 2019, the Company acquired ATM processing contracts for approximately 62,000 ATMs.

(2) New Accounting Pronouncements

Adoption of New Accounting Pronouncements

Lease Accounting. The Company adopted Accounting Standards Codification Topic 842, Leases (the “Lease Standard”) as of January 1, 2019, using the modified retrospective approach and using the effective date as the date of initial application. Consequently, financial information for dates and periods before January 1, 2019 have not been updated or recasted. In addition, the Company elected the practical expedients permitted under the transition guidance within the Lease Standard, which allowed the Company to carry forward prior conclusions about lease identification, lease classification, and initial direct costs. In accordance with the Company's accounting policy, the Company elected not to exclude short-term leases for any of its vehicle and equipment leases, as the lease terms associated with our operating leases are routinely longer than 12 months. In addition, the Company elected not to separate lease and non-lease components for its ATM placement agreements that contain fixed payments and are deemed to contain an operating lease under the Lease Standard.

The Company’s adoption of ASC 842 resulted in the recognition of operating lease assets and liabilities of approximately $85 million and $95 million, respectively, as well as the derecognition of certain prepaid and deferred lease balances upon adoption. Upon adoption, this guidance had no impact on the Company's consolidated income from operations, net income, or cash flows.

Hedge Accounting. The Company adopted ASU No. 2017-12, Derivatives and Hedging (Topic 815) Targeted Improvements to Accounting for Hedging Activities (“ASU 2017-12” or the “Hedging Standard”) as of January 1, 2019, using the modified retrospective transition approach, which requires the Company to account for ASU 2017-12 as of the date of adoption with any retrospective adjustments applicable to prior periods included as a cumulative-effect adjustment to accumulated other comprehensive loss and retained earnings. ASU 2017-12 amends and simplifies existing guidance in order to allow companies to more accurately present the economic effects of risk management activities in the financial statements. Upon adoption, this guidance had no impact on the Company's consolidated income from operations, net income, or cash flows.


13

Table of Contents

Upon adoption, the Lease Standard and the Hedging Standard had the following impact on the Company’s consolidated statement of financial position:
 
December 31, 2018 As Reported
 
ASC Topic 842 (Leases)
 
ASU 2017-12 (Hedging)
 
December 31, 2018 As Adjusted
 
(In thousands) 
ASSETS
 
 
 
 
 
 
 
Current assets:
 
 
 
 
 
 
 
Cash and cash equivalents
$
39,940

 
$

 
$

 
$
39,940

Accounts and notes receivable, net
75,643

 

 

 
75,643

Inventory, net
11,392

 

 

 
11,392

Restricted cash
155,470

 

 

 
155,470

Prepaid expenses, deferred costs, and other current assets
84,386

 
3,483

 

 
87,869

Total current assets
366,831

 
3,483

 

 
370,314

Property and equipment, net of accumulated depreciation
460,187

 

 

 
460,187

Intangible assets, net
150,847

 

 

 
150,847

Goodwill
749,144

 

 

 
749,144

Operating lease assets

 
85,068

 

 
85,068

Deferred tax asset, net
8,658

 

 

 
8,658

Prepaid expenses, deferred costs, and other noncurrent assets
51,677