XML 17 R48.htm IDEA: XBRL DOCUMENT v2.4.1.9
Description of Business and Summary of Significant Accounting Policies (Fair Value Reporting) (Details) (USD $)
12 Months Ended 0 Months Ended 1 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Jun. 02, 2012
Stockholders
Jun. 30, 2012
May 31, 2012
Stockholders
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Total assets measured at fair value $ 281,000us-gaap_AssetsFairValueDisclosure [1] $ 801,000us-gaap_AssetsFairValueDisclosure [1]      
Total liabilities measured at fair value 5,367,000us-gaap_LiabilitiesFairValueDisclosure [1] 15,265,000us-gaap_LiabilitiesFairValueDisclosure [1]      
Long-term Investments   213,000us-gaap_LongTermInvestments      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation:          
Beginning balance 14,420,000us-gaap_DerivativeLiabilities 17,495,000us-gaap_DerivativeLiabilities      
(Gains) or losses included in earnings (10,237,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings [2] (10,253,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInEarnings [2]      
Foreign currency translation adjustments (314,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome [3] 730,000us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedInOtherComprehensiveIncome [3]      
Business acquisitions 4,312,000us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases 9,425,000us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilityPurchases      
Settlements (2,814,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements (2,977,000)us-gaap_FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisLiabilitySettlements      
Ending balance 5,367,000us-gaap_DerivativeLiabilities 14,420,000us-gaap_DerivativeLiabilities      
Fair value, measurement with unobservable inputs reconciliation, recurring basis, liability, gain (loss) included in earnings, unrealized still held at year end (8,911,000)ebix_FairValuemeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedinEarningsUnrealizedStillHeldatYearEnd (9,954,000)ebix_FairValuemeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityGainLossIncludedinEarningsUnrealizedStillHeldatYearEnd      
Fair Value Inputs, Discount Rate 1.75%us-gaap_FairValueInputsDiscountRate        
Put Option          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Derivative liabilities 0us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= us-gaap_PutOptionMember
[1],[4] 845,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= us-gaap_PutOptionMember
[1],[4]      
Contingent Accrued Earn-out Acquisition Consideration          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Derivative liabilities 5,367,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
[1],[5] 14,420,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
[1],[5]      
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation:          
Ending balance 5,400,000us-gaap_DerivativeLiabilities
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
14,400,000us-gaap_DerivativeLiabilities
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
     
Certificates of Deposit          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Available-for-sale securities 281,000us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= us-gaap_CertificatesOfDepositMember
[1] 801,000us-gaap_AvailableForSaleSecurities
/ us-gaap_InvestmentTypeAxis
= us-gaap_CertificatesOfDepositMember
[1]      
Certificates of Deposit | Other Assets          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Deposits, Fair Value Disclosure   213,000us-gaap_DepositsFairValueDisclosure
/ us-gaap_BalanceSheetLocationAxis
= us-gaap_OtherAssetsMember
/ us-gaap_InvestmentTypeAxis
= us-gaap_CertificatesOfDepositMember
     
Fair Value, Inputs, Level 1          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Total assets measured at fair value 281,000us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1] 801,000us-gaap_AssetsFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
[1]      
Fair Value, Inputs, Level 1 | Certificates of Deposit          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Available-for-sale securities 281,000us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_CertificatesOfDepositMember
[1] 801,000us-gaap_AvailableForSaleSecurities
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel1Member
/ us-gaap_InvestmentTypeAxis
= us-gaap_CertificatesOfDepositMember
[1]      
Fair Value, Inputs, Level 2          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Total liabilities measured at fair value 0us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1] 845,000us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1]      
Fair Value, Inputs, Level 2 | Put Option          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Derivative liabilities 0us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= us-gaap_PutOptionMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1],[4] 845,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= us-gaap_PutOptionMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
[1],[4]      
Fair Value, Inputs, Level 3          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Total liabilities measured at fair value 5,367,000us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1] 14,420,000us-gaap_LiabilitiesFairValueDisclosure
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1]      
Fair Value, Inputs, Level 3 | Contingent Accrued Earn-out Acquisition Consideration          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Derivative liabilities 5,367,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1],[5] 14,420,000us-gaap_DerivativeFairValueOfDerivativeLiability
/ us-gaap_DerivativeByNatureAxis
= ebix_ContingentAccruedEarnOutAcquisitionConsiderationMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel3Member
[1],[5]      
Planetsoft          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Number of shareholders     3ebix_NumberOfStockholders
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
  3ebix_NumberOfStockholders
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
Put option, exercise period       30 days  
Put option, vesting period required prior to exercise       2 years  
Business acquisition, number of common shares issued     296,560us-gaap_BusinessAcquisitionEquityInterestsIssuedOrIssuableNumberOfSharesIssued
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
   
Business acquisition, price per share     $ 16.86us-gaap_BusinessAcquisitionSharePrice
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
   
Put option, price to repurchase shares, discount       10.00%ebix_PutOptionPriceToRepurchaseSharesDiscount
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
 
Fair Value, Measurements, Recurring | Planetsoft | Fair Value, Inputs, Level 2          
Fair Value, Assets and Liabilities Measured on Recurring Basis [Abstract]          
Put option liability     $ 1,400,000us-gaap_DerivativeLiabilitiesNoncurrent
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
  1,400,000us-gaap_DerivativeLiabilitiesNoncurrent
/ us-gaap_BusinessAcquisitionAxis
= ebix_PlanetsoftMember
/ us-gaap_FairValueByFairValueHierarchyLevelAxis
= us-gaap_FairValueInputsLevel2Member
/ us-gaap_FairValueByMeasurementFrequencyAxis
= us-gaap_FairValueMeasurementsRecurringMember
[1] During the year ended December 31, 2014 and 2013, respectively, there were no transfers between fair value levels 1, 2, or 3.
[2] Recorded as an adjustment to reported general and administrative expenses
[3] Recorded as a component of other comprehensive income within stockholders' equity
[4] In connection with the acquisition of PlanetSoft effective June 1, 2012, Ebix issued a put option to the PlanetSoft's three shareholders. The put option, which expired in June 2014, was exercisable during the thirty-day period immediately following the two-year anniversary date of the business acquisition, which if exercised would enable them to sell the underlying 296,560 shares of Ebix common stock they received as part of the purchase consideration, back to the Company at a price of $16.86 per share, which represents the per-share value established on the effective date of the closing of Ebix's acquisition of PlanetSoft.The inputs used in the valuation of the put option include term, stock price volatility, current stock price, exercise price, and the risk free rate of return. During the months of July and August 2014 the former shareholders of PlanetSoft elected to exercise their put option rights with respect to the remaining 209,656 shares of Ebix common stock they still held. Accordingly the shareholders put those shares back to the Company at $16.86 per share plus interest at the rate of 20% as per the PlanetSoft acquisition agreement. The total consideration paid by the Company in connection with the exercise of these put options was $3.6 million.
[5] 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.