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Geographic Information
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Geographic Information
Geographic Information
The Company operates with one reportable segment whose results are regularly reviewed by the Company's chief operating decision maker as to performance and allocation of resources. External customer revenues in the tables below are attributed to a particular country based on whether the customer had a direct contract with the Company which was executed in that particular country for the sale of the Company's products/services with an Ebix subsidiary located in that country.
The impact from fluctuations of the exchange rates for the foreign currencies in the countries in which we conduct operations partially affected reported revenues, and were the primary cause for the drop in revenues in Europe and the increase in Australia. Specifically, during the first six months of 2017 the change in foreign currency exchange rates decreased reported Europe's operating revenues by $1.2 million and increased Australia's reported revenues by $474 thousand; while India's revenue increased $13.7 million of which $5.3 million is due to the various new e-governance contracts with a number of large clients and $8.4 million due to its April 2017 acquisition of ItzCash; Latin America's revenues increased $5.8 million due primarily to the November 2016 acquisition of Wdev; and Canada's revenues increased by $1.2 million due primarily to increased professional services.
The following enterprise wide information relates to the Company's geographic locations (all amounts in thousands):
As of and for the Six Months Ended June 30, 2017
 
United States
 
Canada
 
Latin America
 
Australia
 
Singapore
 
New Zealand
 
India
 
Europe
 
Dubai
 
Total
External Revenues
$
105,079

 
$
4,142

 
$
8,218

 
$
16,516

 
$
3,125

 
$
1,023

 
$
19,999

 
$
8,388

 
$

 
$
166,490

Long-lived assets
$
391,308

 
$
6,484

 
$
23,283

 
$
1,261

 
$
17,441

 
$
257

 
$
213,135

 
$
22,254

 
$
53,786

 
$
729,209

As of and for the Six Months Ended June 30, 2016
 
United States
 
Canada
 
Latin America
 
Australia
 
Singapore
 
New Zealand
 
India
 
Europe
 
Dubai
 
Total
External Revenues
$
103,171

 
$
2,950

 
$
2,425

 
$
15,550

 
$
2,957

 
$
876

 
$
6,307

 
$
9,404

 
$

 
$
143,640

Long-lived assets
$
371,507

 
$
6,941

 
$
7,429

 
$
627

 
$
34,008

 
$
224

 
$
79,524

 
$
24,334

 
$
37,943

 
$
562,537



In the geographical information table above the significant changes to long-lived assets from June 30, 2016 to June 30, 2017 were comprised of an increase in Latin America of $15.9 million primarily due to the November 2016 acquisition of Wdev; the Singapore decrease of $16.6 million and the Dubai increase $15.8 million are due to the transfer of certain intangible assets between these locations (net of deferred taxes); the India increase of $133.6 million is primarily due to $125.2 million increase associated with the April 2017 acquisition of ItzCash, an increase in deferred tax assets of $5.0 million associated with the payments and accruals of Minimum Alternative Tax, and $3.9 million of fixed assets additions associated with the continued build out of our product development facilities, and the growth of the Ebix-Vayam JV; and the Europe decrease of $2.1 million is primarily due to a 3.0% weakening of British Pound Sterling versus the U.S. Dollar which caused a decrease in the translation of long-lived assets and the amortization of intangible assets and capitalized software development costs.