XML 42 R31.htm IDEA: XBRL DOCUMENT v3.7.0.1
Related Party Transactions (Tables)
 6 Months Ended
Jun. 30, 2017
Related Party Transactions [Abstract]  
Transactions with Related Parties
The following table presents the Company’s transactions with related parties for the three and six months ended June 30, 2017 and 2016:
 
 
 
Three months ended June 30,
 
Six months ended June 30,
(Dollar amounts in thousands)
 
2017
 
2016
 
2017
 
2016
Total revenues (1)(2)
 
$
44,942

 
$
43,611

 
$
89,955

 
$
86,764

Cost of revenues
 
$
349

 
$
539

 
$
835

 
$
798

Rent and other fees
 
$
1,812

 
$
2,029

 
$
3,848

 
$
3,963

Interest earned from affiliate
 
 
 
 
 
 
 
 
Interest income
 
$
39

 
$
55

 
$
78

 
$
114

 
(1)
Total revenues from Popular as a percentage of revenues were 43%, 44%, 43% and 44% for the periods presented above, respectively.
(2)
Includes revenues generated from investee accounted for under the equity method of $0.6 million and $1.1 million, and $0.5 million and $1.0 million for the three and six months ended June 30, 2017, and 2016, respectively.
Summary of Balances of Transactions with Related Parties
At June 30, 2017 and December 31, 2016, EVERTEC had the following balances arising from transactions with related parties:
 
(Dollar amounts in thousands)
 
June 30, 2017
 
December 31, 2016
Cash and restricted cash deposits in affiliated bank
 
$
24,661

 
$
15,918

Other due/to from affiliate
 
 
 
 
Accounts receivable
 
$
20,255

 
$
21,461

Prepaid expenses and other assets
 
$
1,962

 
$
699

Other long-term assets
 
$
416

 
$
554

Accounts payable
 
$
5,846

 
$
6,300

Unearned income
 
$
18,062

 
$
14,383