Related Party Transactions (Tables)

6 Months Ended

Jun. 30, 2015

The following table presents the Company’s transactions with related parties for the three and six months ended June 30, 2015 and 2014:


	Three months ended June 30,				Six months ended June 30,
(Dollar amounts in thousands)	2015		2014		2015		2014
Total revenues ⁽¹⁾⁽²⁾	$	43,212	$	41,701	$	84,274	$	82,307

Cost of revenues	$	504	$	595	$	1,090	$	756

Rent and other fees	$	1,974	$	2,084	$	3,967	$	4,001

Interest earned from and charged by affiliate
Interest income	$	43	$	50	$	87	$	102

⁽¹⁾	Total revenues from Popular as a percentage of revenues were 46%, 45%, 45% and 45% for each of the periods presented above.

⁽²⁾	Includes revenues generated from investee accounted for under the equity method of $0.5 million and $1.1 million for the three and six months ended June 30, 2015, respectively, and $0.7 million and $1.4 million for the corresponding 2014 periods.

Summary of Balances of Transactions with Related Parties

At June 30, 2015 and December 31, 2014, EVERTEC had the following balances arising from transactions with related parties:


(Dollar amounts in thousands)	June 30, 2015		December 31, 2014
Cash and restricted cash deposits in affiliated bank	$	17,648	$	13,566

Indemnification assets from Popular reimbursement ⁽¹⁾
Accounts receivable	$	141	$	1,428

Other due/to from affiliate
Accounts receivable	$	21,472	$	17,006

Prepaid expenses and other assets	$	1,355	$	1,141

Accounts payable⁽²⁾	$	5,010	$	5,260

Unearned income	$	9,569	$	8,154

Other long-term liabilities ⁽²⁾	$	45	$	45

⁽¹⁾	Recorded in connection with reimbursements from Popular regarding certain software license fees.

⁽²⁾

Includes an account payable of $0.2 million and a long-term liability of $45,000 for both June 30, 2015 and December 31, 2014, related to the unvested portion of stock options as a result of the equitable adjustment approved by our Board of Directors on December 18, 2012 that will be payable to executive officers and employees upon vesting of stock options.