Description of Business and Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of Cash and Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the consolidated balance sheets to the amounts shown in the consolidated statements of cash flows:

As of December 31,
202120202019
(In thousands)
Cash and cash equivalents$99,625 $105,035 73,228 
Restricted cash9,080 8,519 35,051 
Restricted cash included in other long-term assets6,059 6,659 3,090 
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows$114,764 $120,213 $111,369 
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis
Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables:

Fair Values at Reporting Date Using*
DescriptionsBalance at December 31, 2021Quoted Prices in Active Markets for Identical Assets or Liabilities
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
(In thousands)
Assets
Commercial bank certificates of deposits ($6.3 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets")
$31,676 $— $31,676 $— 
Mutual funds167 167 — — 
Total assets measured at fair value$31,843 $167 $31,676 $— 
Liabilities
Contingent earn-out acquisition consideration (a)2,557 — — 2,557 
Total liabilities measured at fair value$2,557 $— $— $2,557 
(a) 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.
* During the year ended December 31, 2021, there were no transfers between fair value Levels 1, 2 or 3.
Fair Values at Reporting Date Using*
DescriptionsBalance at December 31, 2020Quoted Prices in Active Markets for Identical Assets or Liabilities
(Level 1)		Significant Other Observable Inputs
(Level 2)		Significant Unobservable Inputs
(Level 3)
(In thousands)
Assets
Commercial bank certificates of deposits ($7.4 million is recorded in the long-term asset section of the consolidated balance sheets in "Other assets")
$32,072 — 32,072 — 
Mutual Funds381 381 — — 
Total assets measured at fair value$32,453 $381 $32,072 $— 
Liabilities
Contingent earn-out acquisition consideration— — — — 
Total liabilities measured at fair value$— $— $— $— 
* During the year ended December 31, 2020, there were no transfers between fair value Levels 1, 2 or 3.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the year:
Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition ConsiderationBalance at December 31, 2021Balance at December 31, 2020
(In thousands)
Beginning balance$— $10,095 
Total remeasurement adjustments:
       (Gains) or losses included in earnings *— (3,105)
       Remeasurement against goodwill2,560 — 
       Foreign currency translation adjustments **(3)(537)
Acquisitions and settlements
       Settlements— (6,453)
Ending balance$2,557 $— 
The amount of total (gains) or losses for the year included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at year-end.$— $(3,105)
* recorded as a component of general and administrative expenses
** recorded as a component of other comprehensive income within stockholders' equity
Fair Value, Significant Unobservable Inputs Used in Measurement of Contingent Consideration Liabilities
The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:

        
(In thousands) 
Fair Value at  December 31, 2021
 Valuation Technique Significant Unobservable
Input
Contingent acquisition consideration $2,557Discounted cash flowExpected future annual revenue streams and probability of achievement
        
(In thousands) 
Fair Value at  December 31, 2020
 
Valuation Technique		 Significant
Unobservable
Input
Contingent acquisition consideration $—Discounted cash flowExpected future annual revenue streams and probability of achievement
Disaggregation of Revenue
The following tables present revenue disaggregated by primary geographical regions and product channels for the years ended December 31, 2021, 2020 and 2019:
Year Ended December 31,
202120202019
(In thousands)
India*$755,543 $378,660 $300,678 
United States155,346 166,320 182,530 
Australia37,820 33,846 33,268 
Europe16,366 13,145 14,695 
Latin America12,901 14,801 19,755 
Canada*5,333 4,383 4,805 
Singapore*3,875 3,969 6,549 
New Zealand2,007 1,804 1,955 
United Arab Emirates*1,982 3,335 683 
Indonesia*1,981 3,206 9,706 
Philippines*1,784 2,140 5,991 
$994,938 $625,609 $580,615 
*Includes India led businesses for which total revenue was $762.3 million, $388.3 million and $320.0 million for the years ended December 31, 2021, 2020, and 2019, respectively.
The Company’s revenues are derived from three product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the years ended December 31, 2021, 2020, and 2019.
For the Year Ended
December 31,
(In thousands)202120202019
EbixCash Exchanges$749,774 $386,564 $319,953 
Insurance Exchanges174,193 178,111 190,067 
Risk Compliance Solutions70,971 60,934 70,595 
Totals$994,938 $625,609 $580,615 
Contract with Customer, Asset and Liability
(In thousands)December 31, 2021December 31, 2020
Balance, beginning of period$1,630 $1,897 
Costs recognized from beginning balance(534)(743)
Additions, net of costs recognized726 476 
Balance, end of period$1,822 $1,630 
(In thousands)December 31, 2021December 31, 2020
Balance, beginning of period$40,930 $37,253 
Revenue recognized from beginning balance(30,922)(32,783)
Additions, net of revenue recognized and currency translation31,349 36,460 
Balance, end of period$41,357 $40,930 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table presents our estimated revenue allocated to remaining performance obligations for contracted revenue that has not yet been recognized, representing our “contractually committed” revenue as of December 31, 2021 that we will transfer from contract liabilities and recognize in future periods:
Estimated Revenue (In thousands): 
For the year ending December 31, 2022$4,977 
For the year ending December 31, 20233,228 
For the year ending December 31, 20242,067 
For the year ending December 31, 20251,265 
For the year ending December 31, 2026417 
 $11,954 
Schedule of Goodwill
Changes in the carrying amount of goodwill for the years ended December 31, 2021 and 2020 are as follows:
December 31, 2021December 31, 2020
 (In thousands)
Beginning Balance$949,037 $952,404 
Additions for current year acquisitions— 11,241 
Adjustments for final purchase accounting1,201 725 
Foreign currency translation adjustments(10,989)(15,333)
Ending Balance$939,249 $949,037 
Schedule of Finite-Lived Intangible Assets by Major Class, Estimated Useful Lives We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:
 Life
Category(years)
Customer relationships
4-20
Developed technology
3-15
Airport contract9
Store networks5
Dealer networks
15-20
Brand
3-15
Trademarks
3-15
Non-compete agreements
5-7
Database10
Schedule of Intangible Assets, Excluding Goodwill
Intangible assets as of December 31, 2021 and December 31, 2020, are as follows:
December 31,
20212020
 (In thousands)
Finite-lived intangible assets:  
Customer relationships$102,446 $96,616 
Developed technology20,234 19,867 
Dealer networks6,534 6,653 
Airport Contract4,441 4,523 
Trademarks2,696 2,700 
Store Networks2,396 2,440 
Brand880 896 
Non-compete agreements721 759 
Database212 212 
Backlog140 140 
Total intangibles140,700 134,806 
Accumulated amortization(93,905)(83,926)
Finite-lived intangibles, net$46,795 $50,880 
Indefinite-lived intangibles:  
Customer/territorial relationships$16,647 $21,647 
Useful Lives of Property and Equipment Used in Computation of Depreciation The estimated useful lives applied by the Company for property and equipment are as follows:
 Life
Asset Category(years)
Buildings39
Building Improvements15
Computer equipment5
Furniture, fixtures and other7
Software3
Land Improvements20
LandUnlimited life
Leasehold improvements
Shorter of the remaining lease period or 7 years