0000935036-23-000009 | 10-K | XBRL Viewer

Common Stock and Treasury Stock

12 Months Ended

Dec. 31, 2022

In 2005, the board approved a stock repurchase program authorizing the Company, as market and business conditions warrant, to acquire its common stock and periodically authorizes additional funds for the program. In December 2021, the board approved the repurchase of the Company's common stock of up to $250.0 million, in place of the remaining purchase amounts previously authorized.

The Company repurchased 8,624,238 shares for $206.5 million under the program for the year ended December 31, 2022. Under the program to date, the Company has repurchased 57,981,733 shares for approximately $926.2 million. As of December 31, 2022, the maximum remaining amount authorized for purchase under the stock repurchase program was $9.8 million.

On February 24, 2023, the Board of Directors approved $200.0 million for the stock repurchase program in place of the remaining purchase amounts previously authorized.

In 2006, the Company began to issue shares of treasury stock upon exercise of stock options, payment of earned performance shares (LTIP performance shares and TSRs), vesting of RSUs, and for issuances of common stock pursuant to the Company’s ESPP. Treasury shares issued by award type are as follows:


	Years Ended December 31,
	2022	2021	2020
Stock options	406,230	546,192	1,756,471
LTIP performance shares	—	10,457	668,240
TSRs	212,210	782,588	199,413
RSUs	534,759	522,618	431,504
ESPP	145,909	120,937	151,542
Total treasury shares issued	1,299,108	1,982,792	3,207,170

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Summary of Other Current Liabilities

Other current liabilities include the following (in thousands):


	December 31,
	2022		2021
Vendor financed licenses	$	13,525	$	12,521
Operating lease liabilities	11,218		11,518
Accrued interest	9,067		8,776
Royalties payable	3,726		4,102
Other	65,109		42,677
Total other current liabilities	$	102,645	$	79,594

Summary of Property and Equipment Estimated Useful Lives and Balances

As of December 31, 2022 and 2021, net property and equipment consisted of the following (in thousands):


		December 31,
	Useful Lives	2022		2021
Computer and office equipment	3 - 5 years	$	132,133	$	127,352
Leasehold improvements	Lesser of useful life of improvement or remaining life of lease	34,159		34,460
Building and improvements	7 - 30 years	15,061		14,853
Furniture and fixtures	7 years	10,200		9,733
Land	Non-depreciable	1,785		1,785
Property and equipment, gross		193,338		188,183
Less: accumulated depreciation		(140,839)		(125,133)
Property and equipment, net		$	52,499	$	63,050

Summary of Changes in the Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit during the year ended December 31, 2022 were as follows (in thousands):


	Banks		Merchants		Billers		Total
Balance, December 31, 2021	$	725,903	$	137,289	$	417,034	$	1,280,226
Divestiture (1)	(54,200)		—		—		(54,200)
Balance, December 31, 2022	$	671,703	$	137,289	$	417,034	$	1,226,026

(1) In connection with the divestiture, $54.2 million of goodwill from the Banks segment was allocated to the net assets sold. See Note 3, Divestiture, for further information on the divestiture.

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

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+ Details

Stock-Based Compensation Plans

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Stock-Based Compensation Plans

Employee Stock Purchase Plan

On April 6, 2017, the board approved the 2017 Employee Stock Purchase Plan (“2017 ESPP”), which was approved by shareholders at the 2017 Annual Shareholder meeting. The 2017 ESPP provides employees with an opportunity to purchase shares of the Company’s common stock. Under the Company’s 2017 ESPP, a total of 3,000,000 shares of the Company’s common stock have been reserved for issuance to eligible employees. Participating employees are permitted to designate up to the lesser of $25,000 or 10% of their annual base compensation for the purchase of common stock under the ESPP. Purchases under the ESPP are made one calendar month after the end of each fiscal quarter. The price for shares of common stock purchased under the ESPP is 85% of the stock’s fair market value on the last business day of the three-month participation period.

Additionally, the discount offered pursuant to the Company’s ESPP discussed above is 15%, which exceeds the 5% non-compensatory guideline in ASC 718 and exceeds the Company’s estimated cost of raising capital. Consequently, the entire 15% discount to employees is deemed to be compensatory for purposes of calculating expense using a fair value method. Compensation expense related to the ESPP for the years ended December 31, 2022, 2021, and 2020, was approximately $0.6 million, $0.6 million, and $0.7 million, respectively.

Stock Incentive Plans – Active Plans

2020 Equity and Incentive Compensation Plan

On June 9, 2020, upon recommendation of the board, stockholders approved the ACI Worldwide, Inc. 2020 Equity and Incentive Compensation Plan (the “2020 Plan”). The 2020 Plan authorizes the board to provide for equity-based compensation in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, performance shares, performance units, dividend equivalents, and certain other awards, including those denominated or payable in, or otherwise based on, the Company’s common stock ("awards"). The purpose of the 2020 Plan is to provide incentives and rewards for service and/or performance by providing awards to non-employee directors, officers, other employees, and certain consultants and other service providers of the Company and its subsidiaries. Following the approval of the 2020 Plan, the 2016 Equity and Performance Incentive Plan (the “2016 Incentive Plan”) was terminated. Termination of the 2016 Incentive Plan did not affect any equity awards outstanding under the 2016 Incentive Plan.

Subject to adjustment and share counting rules as described in the 2020 Plan, a total of 6,658,754 shares of common stock are available for awards granted under the 2020 Plan. Shares underlying certain awards under the 2020 Plan, the Company’s 2005 Equity and Performance Incentive Plan (the "2005 Incentive Plan"), and the 2016 Incentive Plan (each including as amended or amended and restated) that are cancelled or forfeited, expire, are settled for cash, or are unearned after June 9, 2020, will again be available under the 2020 Plan.

The board generally will be able to amend the 2020 Plan, subject to stockholder approval in certain circumstances, as described in the 2020 Plan.

2016 Equity and Performance Incentive Plan

The Company's 2016 Incentive Plan provided for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, performance awards, and other awards. The 2016 Incentive Plan was adopted by the stockholders on June 14, 2016. Following the adoption of the 2016 Incentive Plan, the 2005 Incentive Plan was terminated. Subject to adjustment in certain circumstances, the maximum number of shares of common stock that was issued or transferred in connection with awards granted under the 2016 Incentive Plan was the sum of (i) 8,000,000 shares of common stock and (ii) any shares of common stock that were represented by options previously granted under the 2005 Incentive Plan which were subsequently forfeited, expired, or cancelled without delivery of common stock or which resulted in the forfeiture or relinquishment of common stock back to the Company.

2005 Equity and Performance Incentive Plan

The Company's 2005 Incentive Plan, as amended, under which shares of the Company’s common stock were reserved for issuance to eligible employees or non-employee directors of the Company. The 2005 Incentive Plan provided for the grant of incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock awards, performance awards, and other awards. The maximum number of shares of the Company’s common stock that was issued or transferred in connection with awards granted under the 2005 Incentive Plan was the sum of (i) 23,250,000 shares and (ii) any shares represented by outstanding options that had been granted under designated terminated stock option plans that were subsequently forfeited, expired, or are cancelled without delivery of the Company’s common stock.

Stock Options

Stock options granted pursuant to the Company's incentive plans were granted at an exercise price not less than the market value per share of the Company’s common stock on the date of grant. The term of the outstanding options may not exceed ten years nor be less than one year. Vesting of options is determined by the compensation committee of the board and the administrator of the respective plan and can vary based upon the individual award agreements. In addition, outstanding options do not have dividend equivalent rights associated with them.

A summary of stock option activity is as follows:


	Number of Shares	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value of In-the-Money Options ($)
Outstanding, December 31, 2021	1,640,319	$	18.42
Exercised	(406,230)	16.65

Expired	(12,870)	20.07
Outstanding, December 31, 2022	1,221,219	$	19.00	2.69	$	4,887,760
Exercisable, December 31, 2022	1,221,219	$	19.00	2.69	$	4,887,760

The Company did not grant stock options during the years ended December 31, 2022, 2021, and 2020. The total intrinsic value of stock options exercised during the years ended December 31, 2022, 2021, and 2020, was $2.9 million, $11.4 million, and $19.5 million, respectively.

Long-term Incentive Program Performance Share Awards

During the year ended December 31, 2017, pursuant to the Company’s 2016 Incentive Plan, the Company granted long-term incentive program performance share awards (“LTIP performance shares”). These LTIP performance shares were earned based upon the achievement, over a specified period that must not be less than one year and was typically a three-year performance period, of performance goals related to (i) the compound annual growth over the performance period in the sales for the Company as determined by the Company, and (ii) the cumulative operating income or EBITDA over the performance period as determined by the Company. Up to 200% of the LTIP performance shares could be earned upon achievement of performance goals equal to or exceeding the maximum target levels for the performance goals over the performance period. On a quarterly basis, management evaluated the probability that the threshold performance goals would be achieved, if at all, and the anticipated level of attainment to determine the amount of compensation expense to record in the consolidated financial statements.

During the year ended December 31, 2021, the Company modified the performance target for the remaining outstanding long-term incentive program performance shares in consideration of the impact of the COVID-19 pandemic, resulting in additional stock-based compensation expense of approximately $0.4 million. There are no LTIP performance shares outstanding as of December 31, 2022.

Total Shareholder Return Awards

During the years ended December 31, 2022, 2021, and 2020, pursuant to the 2020 Plan and 2016 Incentive Plan, the Company granted total shareholder return awards (“TSRs”). TSRs are performance shares that are earned, if at all, based upon the Company’s total shareholder return as compared to a group of peer companies over a three-year performance period. The award payout can range from 0% to 200%. To determine the grant date fair value of the TSRs, a Monte Carlo simulation model is used. The Company recognizes compensation expense for the TSRs over a three-year performance period based on the grant date fair value.

A summary of nonvested TSRs is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested as of December 31, 2021	1,154,721	$	40.10
Granted	520,020	42.99
Vested	(212,210)	45.86
Forfeited	(336,295)	41.62
Change in payout rate	(114,355)	45.92
Nonvested as of December 31, 2022	1,011,881	$	39.21

During the year ended December 31, 2022, a total of 212,210 TSRs awards granted in fiscal 2019 vested and achieved a payout rate of 65% based on the Company's total shareholder return as compared to a group of peer companies over a three-year performance period. The Company withheld 47,612 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.

The fair value of TSRs granted during the years ended December 31, 2022, 2021, and 2020, were estimated on the date of grant using the Monte Carlo simulation model, acceptable under ASC 718, using the following weighted-average assumptions:


	Years Ended December 31,
	2022		2021		2020
Expected life (years)	3.1		2.8		2.8
Risk-free interest rate	1.5	%	0.3	%	0.5	%
Volatility	40.0	%	41.2	%	31.4	%
Expected dividend yield	—		—		—

Restricted Share Units

During the years ended December 31, 2022, 2021, and 2020, pursuant to the 2020 Plan and the 2016 Incentive Plan, the Company granted restricted share unit awards (“RSUs”). RSUs generally have requisite service periods of three years and may vest 100% upon the three-year anniversary or in equal increments quarterly or annually. RSUs granted to the board vest one year from grant or as of the next annual shareholders meeting, whichever is earlier. Under each arrangement, RSUs are issued without direct cost to the employee on the vesting date. The Company estimates the fair value of the RSUs based upon the market price of the Company’s stock on the date of grant. The Company recognizes compensation expense for RSUs on a straight-line basis over the requisite service period.

A summary of nonvested RSUs is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested as of December 31, 2021	946,151	$	33.57
Granted	1,095,699	29.77
Vested	(534,759)	32.57
Forfeited	(323,067)	32.71
Nonvested as of December 31, 2022	1,184,024	$	30.73

During the year ended December 31, 2022, a total of 534,759 RSUs vested. The Company withheld 164,853 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.

As of December 31, 2022, there was unrecognized compensation expense of $24.9 million related to RSUs and $13.9 million related to TSRs, which the Company expects to recognize over a weighted average period of 2.0 years and 1.9 years, respectively.

The Company recorded stock-based compensation expense recognized under ASC 718 during the years ended December 31, 2022, 2021, and 2020, of $29.8 million, $27.2 million, and $29.6 million, respectively, with corresponding tax benefits of $4.5 million, $3.9 million, and $5.4 million, respectively.

Revenue

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Revenue

Revenue Recognition

In accordance with ASC 606, Revenue From Contracts With Customers, revenue is recognized upon transfer of control of promised products and/or services to customers in an amount that reflects the consideration the Company expects to be entitled to in exchange for those products and services. Revenue is recognized net of any taxes collected from customers and subsequently remitted to governmental authorities.

Contract Combination. The Company may execute more than one contract or agreement with a single customer at or near the same time. The separate contracts or agreements may be viewed as one combined arrangement or separate agreements for revenue recognition purposes. In order to reach appropriate conclusions regarding whether such agreements should be combined, the Company evaluates whether the agreements were negotiated as a package with a single commercial objective, whether the amount of consideration to be paid in one agreement depends on the price and/or performance of another agreement, or whether the product(s) or services promised in the agreements represent a single performance obligation. The conclusions reached can impact the allocation of the transaction price to each performance obligation and the timing of revenue recognition related to those arrangements.

Software as a Service (“SaaS”) and Platform as a Service (“PaaS”) Arrangements. The Company’s SaaS-based and PaaS-based arrangements, including implementation, support and other services, represent a single promise to provide continuous access (i.e. a stand-ready performance obligation) to its software solutions and their processing capabilities in the form of a service through one of the Company’s data centers. As each day of providing access to the software solution(s) is substantially the same and the customer simultaneously receives and consumes the benefits as access is provided, the Company’s single promise under its SaaS-based and PaaS-based arrangements is comprised of a series of distinct service periods. The Company’s SaaS-based and PaaS-based arrangements may include fixed consideration, variable consideration, or a combination of the two. Fixed consideration is recognized over the term of the arrangement or longer if the fixed consideration relates to a material right. A material right would be a separate performance obligation. The Company estimates the stand-alone selling price for a material right by reference to the services expected to be provided and the corresponding expected consideration. Variable consideration in these arrangements is typically a function of transaction volume or another usage-based measure. Depending upon the structure of a particular arrangement, the Company: (1) allocates the variable amount to each distinct service period within the series and recognizes revenue as each distinct service period is performed, (2) estimates total variable consideration at contract inception (giving consideration to any constraints that may apply and updating the estimates as new information becomes available) and recognizes the total transaction price over the period to which it relates, or (3) applies the ‘right to invoice’ practical expedient and recognizes revenue based on the amount invoiced to the customer during the period.

License Arrangements. The Company’s software license arrangements provide the customer with the right to use functional intellectual property (as it exists at the point in time at which the license is granted) for the duration of the contract term. Implementation, support, and other services are typically considered distinct performance obligations when sold with a software license.

Payment terms for the Company’s software license arrangements generally include fixed license and capacity fees that are payable up front or over time. These arrangements may also include incremental usage-based fees that are payable when the customer exceeds its contracted license capacity limits. The Company accounts for capacity overages as a usage-based royalty that is recognized when the usage occurs.

When a software license arrangement contains payment terms that are extended beyond one year, a significant financing component may exist. The significant financing component is calculated as the difference between the stated value and present value of the software license fees and is recognized as interest income over the extended payment period. The total fixed software license fee net of the significant financing component is recognized as revenue at the point in time when the software is transferred to the customer.

For those software license arrangements that include customer-specific acceptance provisions, such provisions are generally presumed to be substantive and the Company does not recognize revenue until the earlier of the receipt of a written customer acceptance, objective demonstration that the delivered product meets the customer-specific acceptance criteria, or the expiration of the acceptance period. The Company recognizes revenues on such arrangements upon the earlier of receipt of written acceptance or the first production use of the software by the customer.

For software license arrangements in which the Company acts as a distributor of another company’s product, and in certain circumstances, modifies or enhances the product, revenues are recorded on a gross basis. These include arrangements in which the Company takes control of the products and is responsible for providing the product or service. For software license arrangements in which the Company acts as a sales agent for another company’s product, revenues are recorded on a net basis. These include arrangements in which the Company does not take control of products and is not responsible for providing the product or service.

For software license arrangements in which the Company utilizes a third-party distributor or sales agent, the Company recognizes revenue upon transfer of control of the software license(s) to the third-party distributor or sales agent.

The Company’s software license arrangements typically provide the customer with a standard 90-day assurance-type warranty. These warranties do not represent an additional performance obligation as services beyond assuring that the software license complies with agreed-upon specifications are not provided.

Software license arrangements typically include an initial post contract customer support (maintenance or “PCS”) term of one year with subsequent renewals for additional years within the initial license period. The Company’s promise to those customers who elect to purchase PCS represents a stand-ready performance obligation that is distinct from the license performance obligation and recognized over the PCS term.

The Company also provides various professional services to customers with software licenses. These include project management, software implementation, and software modification services. Revenues from arrangements to provide professional services are generally distinct from the other promises in the contract(s) and are recognized as the related services are performed. Consideration received under these arrangements is either fixed fee or on a time-and-materials basis, which represents variable consideration that must be estimated using the most likely amount based on the range of hours expected to be incurred in providing the services.

The Company estimates the stand-alone selling price (“SSP”) for maintenance and professional services based on observable stand-alone sales. The Company applies the residual approach to estimate the SSP for software licenses.

Refer to Note 10, Segment Information, for further details, including disaggregation of revenue based on primary solution category and geographic location.

Significant Judgments

The Company applies judgment in determining the customer’s ability and intention to pay, which is based on a variety of factors including the customer’s historical payment experience or, in the case of a new customer, published credit and financial information.

The Company also applies judgment in determining the term of an arrangement when early termination rights are provided to the customer.

The Company’s software license arrangements with its customers often include multiple promises to transfer licensed software products and services. Determining whether the products and/or services are distinct performance obligations that should be accounted for separately may require significant judgment.

The Company’s SaaS and PaaS arrangements may include variable consideration in the form of usage-based fees. If the arrangement that includes variable consideration in the form of usage-based fees does not meet the allocation exception for variable consideration, the Company estimates the amount of variable consideration at the outset of the arrangement using either the expected value or most likely amount method, depending on the specifics of each arrangement. These estimates are constrained to the extent that it is probable that a significant reversal of incremental revenue will not occur and are updated each reporting period as additional information becomes available.

Judgment is used in determining: (1) whether the financing component in a software license agreement is significant and, if so, (2) the discount rate used in calculating the significant financing component. The Company assesses the significance of the financing component based on the ratio of license fees paid over time to total license fees. If determined to be significant, the financing component is calculated using a rate that discounts the license fees to the cash selling price.

Judgment is also used in assessing whether the extension of payment terms in a software license arrangement results in variable consideration and, if so, the amount to be included in the transaction price. The Company applies the portfolio approach to estimate the amount of variable consideration in these arrangements using the most likely amount method that is based on the Company’s historical collection experience under similar arrangements.

Significant judgment is required to determine the SSP for each performance obligation, the amount allocated to each performance obligation and whether it depicts the amount that the Company expects to be entitled to in exchange for the related product and/or service. As the selling prices of the Company’s software licenses are highly variable, the Company estimates SSP of its software licenses using the residual approach when the software license is sold with other services and observable SSPs exist for the other services. The Company uses a range of amounts to estimate SSP for maintenance and services. These ranges are based on stand-alone sales and vary based on the type of service and geographic region. If the SSP of a performance obligation is not directly observable, the Company will maximize observable inputs to determine its SSP.

Contract Balances

Timing of revenue recognition may differ from the timing of invoicing to customers. The Company records an accrued receivable when revenue is recognized prior to invoicing and the Company’s right to consideration only requires the passage of time, or deferred revenue when revenue is recognized subsequent to invoicing.

Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services and SaaS and PaaS revenues earned in the current period but billed in the following period and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment subsequent to invoicing.

Total receivables, net is comprised of the following (in thousands):


	December 31,
	2022		2021
Billed receivables	$	218,611	$	162,479
Allowance for doubtful accounts	(3,779)		(2,861)
Billed receivables, net	214,832		159,618
Current accrued receivables, net	188,949		160,787
Long-term accrued receivables, net	297,818		276,164
Total accrued receivables, net	486,767		436,951
Total receivables, net	$	701,599	$	596,569

One customer accounted for 10.1% and 13.8% of the Company's consolidated receivables balance as of December 31, 2022 and 2021, respectively.

The Company maintains an allowance for doubtful accounts for expected future credit losses that is calculated based on historical experience, current economic trends, and expectations of near term economic trends. The Company regularly monitors its credit risk exposures in consolidated receivables.

The following reflects activity in the Company’s allowance for doubtful accounts receivable for the periods indicated (in thousands):


	Years Ended December 31,
	2022		2021		2020
Balance, beginning of period	$	(2,861)	$	(3,912)	$	(5,149)
Provision (increase) decrease	(1,496)		1,125		374
Amounts written off, net of recoveries	389		(82)		941
Foreign currency translation adjustments and other	189		8		(78)
Balance, end of period	$	(3,779)	$	(2,861)	$	(3,912)

Provision increases recorded in general and administrative expense during the years ended December 31, 2022, and provision decreases recorded in general and administrative expense during the years ended December 31, 2021, and 2020, reflect adjustments in the allowance for doubtful accounts based upon collection experience, net of collection of customer-specific receivables that were previously reserved for as doubtful of collection.

Deferred revenue includes amounts due or received from customers for software licenses, maintenance, services, and/or SaaS and PaaS services in advance of recording the related revenue.

Changes in deferred revenue were as follows (in thousands):


Balance, December 31, 2020	$	129,413
Deferral of revenue	154,419
Recognition of deferred revenue	(171,530)
Foreign currency translation	(1,952)
Balance, December 31, 2021	110,350
Deferral of revenue	125,865
Recognition of deferred revenue	(128,700)
Divestiture	(21,581)
Foreign currency translation	(4,398)
Balance, December 31, 2022	$	81,536

Revenue allocated to remaining performance obligations represents contracted revenue that will be recognized in future periods, which is comprised of deferred revenue and amounts that will be invoiced and recognized as revenue in future periods. This does not include:

•Revenue that will be recognized in future periods from capacity overages that are accounted for as a usage-based royalty.

•SaaS and PaaS revenue from variable consideration that will be recognized in accordance with the ‘right to invoice’ practical expedient or meets the allocation objective.

Revenue allocated to remaining performance obligations was $664.0 million as of December 31, 2022, of which the Company expects to recognize approximately 49% over the next 12 months and the remainder thereafter.

During the year ended December 31, 2022, the revenue recognized by the Company from performance obligations satisfied in previous periods was $39.1 million.

Costs to Obtain and Fulfill a Contract

The Company accounts for costs to obtain and fulfill its contracts in accordance with ASC 340-40.

The Company capitalizes certain of its sales commissions that meet the definition of incremental costs of obtaining a contract and for which the amortization period is greater than one year. The costs associated with those sales commissions are capitalized during the period in which the Company becomes obligated to pay the commissions and are amortized over the period in which the related products or services are transferred to the customer. As of December 31, 2022 and 2021, $1.5 million and $3.0 million of these costs are included in other current assets, respectively, and $14.5 million and $11.0 million of these costs are included in other noncurrent assets, respectively, on the consolidated balance sheets. During the years ended December 31, 2022 and 2021, the Company recognized $8.3 million and $5.2 million of sales commission expense, respectively, related to the amortization of these costs, which is included in selling and marketing expense on the consolidated statements of operations.

The Company capitalizes costs incurred to fulfill its contracts that: (1) relate directly to the arrangement, (2) are expected to generate resources that will be used to satisfy the Company’s performance obligation under the arrangement, and (3) are expected to be recovered through revenue generated under the arrangement. Contract fulfillment costs are expensed as the Company transfers the related services to the customer. As of December 31, 2022 and 2021, less than $0.1 million and $0.2 million of these costs are included in other current assets, and $9.7 million and $10.1 million of these costs are included in other noncurrent assets, respectively, on the consolidated balance sheets. The amounts capitalized primarily relate to direct costs that enhance resources under the Company’s SaaS and PaaS arrangements. During the years ended December 31, 2022 and 2021, the Company recognized $3.1 million and $4.5 million of expense, respectively, related to the amortization of these costs, which is included in cost of revenue on the consolidated statements of operations.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-URI https://asc.fasb.org/topic&trid=49130388

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Section 50
-Paragraph 10
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+ Details

Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Federal
Current	$ 7,064	$ 3,994	$ (2,683)
Deferred	(353)	6,067	(3,477)
Total	6,711	10,061	(6,160)
State
Current	7,993	7,592	2,514
Deferred	(3,500)	(1,498)	(1,758)
Total	4,493	6,094	756
Foreign
Current	47,798	31,955	22,786
Deferred	5,456	(836)	8,584
Total	53,254	31,119	31,370
Income tax provision	$ 64,458	$ 47,274	$ 25,966

Debt

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Debt

As of December 31, 2022, the Company had $105.0 million, $592.7 million and $400.0 million outstanding under its Revolving Credit Facility, Term Loans, and Senior Notes, respectively, with up to $393.5 million of unused borrowings under the Revolving Credit Facility portion of the Credit Agreement, as amended, and up to $1.5 million of unused borrowings under the Letter of Credit agreement. The amount of unused borrowings actually available varies in accordance with the terms of the agreement.

Credit Agreement

On April 5, 2019, the Company (and its wholly-owned subsidiaries, ACI Worldwide Corp. and ACI Payments, Inc. entered into the Second Amended and Restated Credit Agreement (the “Credit Agreement”), with the lenders, and Bank of America, N.A., as administrative agent for the lenders, to amend and restate the Company's existing agreement, as amended, dated February 24, 2017. The amended Credit Agreement permitted the Company to borrow up to $500.0 million in the form of an additional senior secured term loan; extended the revolver and the existing term loan maturity date from February 24, 2022, to April 5, 2024; increased the maximum consolidated senior secured net leverage ratio covenant from 3.50:1.00 to 3.75:1.00; and increased the maximum consolidated total net leverage ratio covenant from 4.25:1.00 to 5.00:1.00, with subsequent decreases occurring every three quarters thereafter for a specified period of time; among other things.

On May 5, 2022, the Company and Bank of America entered into the LIBOR Transition Amendment (the "Amendment") that replaced the LIBOR reference rate with the Secured Overnight Financing Rate ("SOFR") reference rate. No other terms or conditions of the Credit Agreement were changed as a result of the Amendment.

The Credit Agreement consists of (a) a five-year $500.0 million senior secured revolving credit facility (the “Revolving Credit Facility”), which includes sublimits for (1) the issuance of standby letters of credit and (2) swingline loans, (b) a five-year $279.0 million senior secured term loan facility (the “Initial Term Loan”) and (c) a five-year $500.0 million Delayed Draw Term Loan (together with the Initial Term Loan, the "Term Loans", and together with the Initial Term Loan and the Revolving Credit Facility, the “Credit Facility”). The Credit Agreement also allows the Company to request optional incremental term loans and increases in the revolving commitment.

At the Company’s option, borrowings under the Credit Facility bear interest at an annual rate equal to either (a) a base rate determined by reference to the highest of (1) the annual interest rate publicly announced by the administrative agent as its Prime Rate, (2) the federal funds effective rate plus 1/2 of 1% or (3) SOFR rate determined by reference to the costs of funds for U.S. dollar deposits for a one-month interest period, adjusted for certain additional costs plus 1% or (b) SOFR rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowings, adjusted for certain additional costs plus an applicable margin. Based on the calculation of the applicable consolidated total leverage ratio, the applicable margin for borrowings under the Credit Facility is between 0.25% to 1.25% with respect to base rate borrowings and between 1.25% and 2.25% with respect to SOFR rate borrowings. Interest is due and payable monthly. The interest rate in effect for the Credit Facility as of December 31, 2022, was 6.20%.

The Company is also required to pay (a) a commitment fee related to the unutilized commitments under the Revolving Credit Facility, payable quarterly in arrears, (b) letter of credit fees on the maximum amount available to be drawn under all outstanding letters of credit in an amount equal to the applicable margin on SOFR rate borrowings under the Revolving Credit Facility on an annual basis, payable quarterly in arrears, and (c) customary fronting fees for the issuance of letters of credit fees and agency fees.

The Company’s obligations under the Credit Facility and cash management arrangements entered into with lenders under the Credit Facility (or affiliates thereof) and the obligations of the subsidiary guarantors are secured by first-priority security interests in substantially all assets of the Company and any guarantor, including 100% of the capital stock of ACI Worldwide Corp. and each domestic subsidiary of the Company, each domestic subsidiary of any guarantor, and 65% of the voting capital stock of each foreign subsidiary of the Company that is directly owned by the Company or a guarantor, in each case subject to certain exclusions set forth in the credit documentation governing the Credit Facility. The collateral agreement of the Credit Agreement, as amended, released the lien on certain assets of ACI Payments, Inc., our electronic bill presentment and payment affiliate, to allow ACI Payments, Inc. to comply with certain eligible securities and unencumbered asset requirements related to money transmitter or transfer license rules and regulations.

The Credit Agreement contains a number of covenants that, among other things and subject to certain exceptions, restrict the Company’s and its subsidiaries' ability to: create, incur, assume or suffer to exist any additional indebtedness; create, incur, assume or suffer to exist any liens; enter into agreements and other arrangements that include negative pledge clauses; pay dividends on capital stock or redeem, repurchase or retire capital stock or subordinated indebtedness; create restrictions on the payment of dividends or other distributions by subsidiaries; make investments, loans, advances and acquisitions; merge, consolidate or enter into any similar combination or sell assets, including equity interests of the subsidiaries; enter into sale and leaseback transactions; directly or indirectly engage in transactions with affiliates; alter in any material respect the character or conduct of the business; enter into amendments of or waivers under subordinated indebtedness, organizational documents and certain other material agreements; and hold certain assets and incur certain liabilities.

Letter of Credit

On August 12, 2020, the Company and ACI Payments, Inc. entered into a standby letter of credit (the “Letter of Credit”), under the terms of the Credit Agreement, for $1.5 million. The Letter of Credit, currently effective through July 31, 2023, will automatically renew for successive one-year renewal terms unless Bank of America, N.A. provides written notice of its intent to terminate the agreement at least 90 days prior to the end of the remaining renewal term. The Letter of Credit reduces the maximum available borrowings under the Revolving Credit Facility to $498.5 million. Upon expiration of the Letter of Credit, maximum borrowings would return to $500.0 million.

Senior Notes

On August 21, 2018, the Company completed a $400.0 million offering of the 2026 Notes at an issue price of 100% of the principal amount in a private placement for resale to qualified institutional buyers. The 2026 Notes bear interest at an annual rate of 5.750%, payable semi-annually in arrears on February 15 and August 15 of each year, which commenced on February 15, 2019. The 2026 Notes will mature on August 15, 2026.

Maturities on debt outstanding at December 31, 2022, are as follows (in thousands):


Fiscal Year Ending December 31,
2023	$	69,906
2024	627,823
2025	—
2026	400,000
2027	—
Thereafter	—
Total	$	1,097,729

The Revolving Credit Facility and 2026 Notes do not amortize. The Term Loans do amortize, with principal payable in consecutive quarterly installments.

The Credit Agreement and 2026 Notes contain certain customary affirmative covenants and negative covenants that limit or restrict, subject to certain exceptions, the incurrence of liens, indebtedness of subsidiaries, mergers, advances, investments, acquisitions, transactions with affiliates, change in nature of business, and the sale of the assets. In addition, the Credit Agreement and 2026 Notes contain certain customary mandatory prepayment provisions. The Company is also required to maintain a consolidated leverage ratio at or below a specified amount and an interest coverage ratio at or above a specified amount. As specified in the Credit Agreement and 2026 Notes agreement, if certain events occur and continue, the Company may be required to repay all amounts outstanding under the Credit Facility and 2026 Notes. As of December 31, 2022, and at all times during the period, the Company was in compliance with its financial debt covenants.

Total debt is comprised of the following (in thousands):


	December 31,
	2022		2021
Term loans	$	592,729	$	678,160
Revolving credit facility	105,000		—
5.750% Senior Notes, due August 2026	400,000		400,000
Debt issuance costs	(7,857)		(12,418)
Total debt	1,089,872		1,065,742
Less: current portion of term loans	69,906		50,431
Less: current portion of debt issuance costs	(4,385)		(4,561)
Total long-term debt	$	1,024,351	$	1,019,872

Overdraft Facility

In 2019, the Company and ACI Payments, Inc. entered in to an uncommitted overdraft facility with Bank of America, N.A. The overdraft facility bears interest at the federal funds effective rate plus 2.25% based on the Company’s average outstanding balance and the frequency in which overdrafts occur. The overdraft facility acts as a secured loan under the terms of the Credit Agreement to provide an additional funding mechanism for timing differences that can occur in the bill payment settlement process. Amounts outstanding on the overdraft facility are included in other current liabilities in the consolidated balance sheet. As of December 31, 2022, there was $75.0 million available and no amount outstanding on the overdraft facility. As of December 31, 2021, there was no amount outstanding on the overdraft facility.

Other

The Company finances certain multi-year license agreements for internal-use software. Upon execution, these arrangements are treated as a non-cash investing and financing activity for purposes of the consolidated statements of cash flows. During the year ended December 31, 2022, the Company financed certain multi-year license agreements for internal-use software for $10.7 million, with annual payments through April 2024. As of December 31, 2022, $9.3 million was outstanding under these and other license agreements previously entered into, of which $5.8 million and $3.5 million is included in other current liabilities and other noncurrent liabilities, respectively, in the consolidated balance sheet. As of December 31, 2021, $2.9 million was outstanding, all of which is included in other current liabilities in the consolidated balance sheet.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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+ Details

Earnings Per Share - Reconciliation of Average Share Amounts used to Compute Both Basic and Diluted Earnings Per Share (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Weighted average shares outstanding:
Basic weighted average shares outstanding (in shares)	113,700	117,407	116,397
Add: Dilutive effect of stock options, RSUs, and contingently issuable shares (in shares)	538	1,240	1,682
Diluted weighted average shares outstanding (in shares)	114,238	118,647	118,079

Revenue (Tables)

12 Months Ended

Dec. 31, 2022

Revenue from Contract with Customer [Abstract]

Summary of Total Receivables, Net

Total receivables, net is comprised of the following (in thousands):


	December 31,
	2022		2021
Billed receivables	$	218,611	$	162,479
Allowance for doubtful accounts	(3,779)		(2,861)
Billed receivables, net	214,832		159,618
Current accrued receivables, net	188,949		160,787
Long-term accrued receivables, net	297,818		276,164
Total accrued receivables, net	486,767		436,951
Total receivables, net	$	701,599	$	596,569

Summary of Allowance for Doubtful Accounts Receivable

The following reflects activity in the Company’s allowance for doubtful accounts receivable for the periods indicated (in thousands):


	Years Ended December 31,
	2022		2021		2020
Balance, beginning of period	$	(2,861)	$	(3,912)	$	(5,149)
Provision (increase) decrease	(1,496)		1,125		374
Amounts written off, net of recoveries	389		(82)		941
Foreign currency translation adjustments and other	189		8		(78)
Balance, end of period	$	(3,779)	$	(2,861)	$	(3,912)

Summary of Changes in Deferred Revenue

Changes in deferred revenue were as follows (in thousands):


Balance, December 31, 2020	$	129,413
Deferral of revenue	154,419
Recognition of deferred revenue	(171,530)
Foreign currency translation	(1,952)
Balance, December 31, 2021	110,350
Deferral of revenue	125,865
Recognition of deferred revenue	(128,700)
Divestiture	(21,581)
Foreign currency translation	(4,398)
Balance, December 31, 2022	$	81,536

Software and Other Intangible Assets - Carrying Amount and Accumulated Amortization of Software Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 578,428	$ 568,146
Accumulated Amortization	(449,319)	(410,364)
Net Balance	129,109	157,782
Software for internal use
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	454,171	440,242
Accumulated Amortization	(325,062)	(283,109)
Net Balance	129,109	157,133
Software amortization expense	68,000	69,300	$ 70,000
Software for resale
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	124,257	127,904
Accumulated Amortization	(124,257)	(127,255)
Net Balance	0	649
Software amortization expense	$ 700	$ 6,200	$ 8,500

Leases

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Leases

The Company has operating leases primarily for corporate offices and data centers. Excluding office leases, leases with an initial term of 12-months or less that do not include an option to purchase the underlying asset are not recorded on the consolidated balance sheet and are expensed on a straight-line basis over the lease term.

The Company’s leases typically include certain renewal options to extend the leases for up to 25 years, some of which include options to terminate the leases within one year. The exercise of lease renewal options is at the Company’s sole discretion. The Company combines lease and non-lease components of its leases and currently has no leases with options to purchase the leased property. Payments of maintenance and property tax costs paid by the Company are accounted for as variable lease cost, which are expensed as incurred.

The components of lease cost are as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Operating lease cost	$	12,506	$	12,369	$	25,148
Variable lease cost	2,771		3,140		3,588
Sublease income	—		—		(134)
Total lease cost	$	15,277	$	15,509	$	28,602

Supplemental cash flow information related to leases is as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14,020	$	19,623	$	18,827
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	7,693	$	20,944	$	11,431

Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):


	December 31,
	2022			2021
Assets:
Operating lease right-of-use assets	$	40,031		$	47,825
Liabilities:
Other current liabilities	$	11,218		$	11,518
Operating lease liabilities	33,910			43,346
Total operating lease liabilities	$	45,128		$	54,864
Weighted average remaining operating lease term (years)	5.53			7.04
Weighted average operating lease discount rate	3.21		%	3.22		%

The Company uses its incremental borrowing rate as the discount rate. As the Company enters into operating leases in multiple jurisdictions and denominated in currencies other than the U.S. dollar, judgment is used to determine the Company’s incremental borrowing rate including (1) conversion of its subordinated borrowing rate (using published yield curves) to an unsubordinated and collateralized rate, (2) adjusting the rate to align with the term of each lease, and (3) adjusting the rate to incorporate the effects of the currency in which the lease is denominated.

Maturities on lease liabilities as of December 31, 2022, are as follows (in thousands):


Fiscal Year Ending December 31,
2023	$	12,565
2024	9,460
2025	7,333
2026	5,450
2027	4,586
Thereafter	9,645
Total lease payments	49,039
Less: imputed interest	3,911
Total lease liability	$	45,128

As of December 31, 2022, the Company has additional operating leases for office facilities that have not yet commenced with minimum lease payments of $0.6 million. These operating leases will commence in fiscal year 2023 with lease terms of one year to three years.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 142,177	$ 127,791	$ 72,660
Other comprehensive loss:
Foreign currency translation adjustments	(18,113)	(7,102)	(862)
Total other comprehensive loss	(18,113)	(7,102)	(862)
Comprehensive income	$ 124,064	$ 120,689	$ 71,798

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Employee Benefit Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, cost	$ 13,400,000	$ 13,000,000	$ 13,500,000
ACI 401(k) Plan
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, cost	$ 6,200,000	6,000,000	6,300,000
Defined contribution plan, maximum annual contribution per employee, percentage	75.00%
Defined contribution plan, service period requirement for company match	1 year
Defined contribution plan, employer matching contribution, percentage of match	100.00%
Defined contribution plan, employer matching contribution, percent of eligible participant contributions	4.00%
Defined contribution plan, employer matching contribution, maximum amount per employee	$ 5,000
ACI 401(k) Plan \| Employees under Age 50
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, maximum annual contribution per employee, amount	20,500
ACI 401(k) Plan \| Employees Aged 50 or Older
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, maximum annual contribution per employee, amount	$ 27,000
ACI 401(k) Plan \| Second Eligible Participant Contributions
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, employer matching contribution, percentage of match	50.00%
ACI 401(k) Plan \| Second Eligible Participant Contributions \| Maximum
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, employer matching contribution, percent of eligible participant contributions	4.00%
ACI Worldwide EMEA Group Personal Pension Scheme
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, cost	$ 1,600,000	$ 1,600,000	$ 1,500,000
ACI Worldwide EMEA Group Personal Pension Scheme \| Employed at December 1, 2000
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, employer discretionary contribution, percentage of eligible compensation	8.50%
ACI Worldwide EMEA Group Personal Pension Scheme \| Employed Subsequent to December 1, 2000 \| Minimum
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, employer discretionary contribution, percentage of eligible compensation	6.00%
ACI Worldwide EMEA Group Personal Pension Scheme \| Employed Subsequent to December 1, 2000 \| Maximum
Schedule Of Defined Contribution Plans Disclosures [Line Items]
Defined contribution plan, employer discretionary contribution, percentage of eligible compensation	10.00%

Employee Benefit Plans	12 Months Ended
Employee Benefit Plans	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plans	Employee Benefit Plans The Company offers various defined contribution plans for our U.S. and non-U.S. employees. Total defined contribution plan expense was $13.4 million, $13.0 million, and $13.5 million during the years ended December 31, 2022, 2021, and 2020, respectively. ACI 401(k) Plan The ACI 401(k) Plan is a defined contribution plan covering all domestic employees of the Company. Participants may contribute up to 75% of their annual eligible compensation up to a maximum of $20,500 (for employees who are under the age of 50 on December 31, 2022) or a maximum of $27,000 (for employees aged 50 or older on December 31, 2022). After one year of service, the Company matches 100% of the first 4% of eligible participant contributions and 50% of the next 4% of eligible participant contributions, not to exceed $5,000 per employee annually. Company contributions charged to expense were $6.2 million, $6.0 million, and $6.3 million during the years ended December 31, 2022, 2021, and 2020, respectively. ACI Worldwide EMEA Group Personal Pension Scheme The ACI Worldwide EMEA Group Personal Pension Scheme is a defined contribution plan covering substantially all ACI Worldwide (EMEA) Limited (“ACI-EMEA”) employees. For those ACI-EMEA employees who elect to participate in the plan, the Company contributes a minimum of 8.5% of eligible compensation to the plan for employees employed at December 1, 2000 or from 6% to 10% of eligible compensation for employees employed subsequent to December 1, 2000. ACI-EMEA contributions charged to expense were $1.6 million, $1.6 million, and $1.5 million, during the years ended December 31, 2022, 2021, and 2020, respectively.

- Definition

The entire disclosure for retirement benefits.

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+ Details

Debt - Total Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Aug. 21, 2018
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,097,729
Debt issuance costs	(7,857)	$ (12,418)
Total debt	1,089,872	1,065,742
Less: current portion of term loans	65,521	45,870
Less: current portion of debt issuance costs	(4,385)	(4,561)
Long-term debt	1,024,351	1,019,872
Term Loans
Debt Instrument [Line Items]
Long-term debt, gross	592,729	678,160
Less: current portion of term loans	69,906	50,431
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	105,000	0
Senior Notes \| 5.750% Senior Notes, due August 2026
Debt Instrument [Line Items]
Stated interest rate (percentage)			5.75%
Long-term debt, gross	$ 400,000	$ 400,000

Income Taxes - Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of Unrecognized Tax Benefits
Balance of unrecognized tax benefits at beginning of year	$ 24,510	$ 24,310	$ 29,000
Increases for tax positions of prior years	2,349	1,533	4,219
Decreases for tax positions of prior years	(3,659)	(65)	0
Increases for tax positions established for the current period	9,320	2,272	3,912
Decreases for settlements with taxing authorities	(63)	(620)	(285)
Reductions resulting from lapse of applicable statute of limitation	(5,833)	(2,876)	(12,630)
Adjustment resulting from foreign currency translation	(216)	(44)	94
Balance of unrecognized tax benefits at end of year	$ 26,408	$ 24,510	$ 24,310

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Summary of Components of Income (loss) Before Income Taxes

For financial reporting purposes, income (loss) before income taxes includes the following components (in thousands):


	Years Ended December 31,
	2022		2021		2020
United States	$	(11,751)	$	69,817	$	19,405
Foreign	218,386		105,248		79,221
Total	$	206,635	$	175,065	$	98,626

Summary of Income Tax Expense (Benefit)

The expense (benefit) for income taxes consists of the following (in thousands):


	Years Ended December 31,
	2022		2021		2020
Federal
Current	$	7,064	$	3,994	$	(2,683)
Deferred	(353)		6,067		(3,477)
Total	6,711		10,061		(6,160)
State
Current	7,993		7,592		2,514
Deferred	(3,500)		(1,498)		(1,758)
Total	4,493		6,094		756
Foreign
Current	47,798		31,955		22,786
Deferred	5,456		(836)		8,584
Total	53,254		31,119		31,370
Total	$	64,458	$	47,274	$	25,966

Summary of Differences Between Income Tax Expense Computed at Statutory Federal Income Tax Rate and Per Consolidated Statements of Operations

Differences between the income tax expense computed at the statutory federal income tax rate and per the consolidated statements of operations are summarized as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Tax expense at federal rate of 21%	$	43,393	$	36,764	$	20,711
State income taxes, net of federal benefit	2,351		4,816		321
Change in valuation allowance	71		1,228		2,459
Foreign tax rate differential	(12,949)		(5,376)		(1,809)
Unrecognized tax benefit increase (decrease)	2,039		858		(4,405)
Tax effect of foreign operations	15,336		16,151		11,373
Tax benefit of research & development	(3,365)		(4,123)		(2,173)
Performance-based compensation	2,266		(1,887)		(2,624)
Tax effect of divestiture	14,522		—		—
Other	794		(1,157)		2,113
Income tax provision	$	64,458	$	47,274	$	25,966

Summary of Deferred Tax Assets and Liabilities

The deferred tax assets and liabilities result from differences in the timing of the recognition of certain income and expense items for tax and financial accounting purposes. The sources of these differences at each balance sheet date are as follows (in thousands):


	December 31,
	2022		2021
Deferred income tax assets:
Net operating loss carryforwards	$	16,763	$	18,826
Tax credits	18,497		37,672
Compensation	15,272		17,133
Deferred revenue	10,168		16,333
Operating lease	10,202		10,236
Capitalized research and development	23,891		—
Other	9,533		9,988
Gross deferred income tax assets	104,326		110,188
Less: valuation allowance	(11,384)		(11,324)
Net deferred income tax assets	$	92,942	$	98,864
Deferred income tax liabilities:
Depreciation and amortization	$	(33,692)	$	(41,465)
Operating lease right-of-use asset	(8,885)		(8,791)
Unbilled revenue	(9,566)		(15,596)
Withholding tax liability	(27,432)		(18,356)
Total deferred income tax liabilities	(79,575)		(84,208)
Net deferred income taxes	$	13,367	$	14,656
Deferred income taxes / liabilities included in the balance sheet are:
Deferred income tax asset – noncurrent	$	53,738	$	50,778
Deferred income tax liability – noncurrent	(40,371)		(36,122)
Net deferred income taxes	$	13,367	$	14,656

Summary of Reconciliation of Beginning and Ending Amount of Unrecognized Tax Benefits

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows (in thousands):


	2022		2021		2020
Balance of unrecognized tax benefits at beginning of year	$	24,510	$	24,310	$	29,000
Increases for tax positions of prior years	2,349		1,533		4,219
Decreases for tax positions of prior years	(3,659)		(65)		—
Increases for tax positions established for the current period	9,320		2,272		3,912
Decreases for settlements with taxing authorities	(63)		(620)		(285)
Reductions resulting from lapse of applicable statute of limitation	(5,833)		(2,876)		(12,630)
Adjustment resulting from foreign currency translation	(216)		(44)		94
Balance of unrecognized tax benefits at end of year	$	26,408	$	24,510	$	24,310

Nature of Business and Summary of Significant Accounting Policies - Summary of Property and Equipment Estimated Useful Lives and Balances (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 193,338	$ 188,183
Less: accumulated depreciation	(140,839)	(125,133)
Property and equipment, net	52,499	63,050
Computer and office equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 132,133	127,352
Computer and office equipment \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	3 years
Computer and office equipment \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	5 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 34,159	34,460
Building and improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 15,061	14,853
Building and improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Building and improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful Lives	30 years
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Useful Lives	7 years
Property and equipment, gross	$ 10,200	9,733
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,785	$ 1,785

Revenue - Additional Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue [Line Items]
Software license arrangements, warranty period	90 days
Software license arrangements, initial post contract customer support period	1 year
Revenue allocated to remaining performance obligations	$ 664.0
Performance obligation satisfied in previous periods	$ 39.1
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01
Revenue [Line Items]
Revenue allocated to remaining performance obligations, percentage to be recognized	49.00%
Timing of revenue to be collected	12 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue [Line Items]
Timing of revenue to be collected
Customer Concentration Risk \| Revenue Benchmark \| Significant Customer
Revenue [Line Items]
Concentration risk, percentage	10.10%	13.80%
Costs to Obtain a Contract
Revenue [Line Items]
Capitalized costs to obtain or fulfill a contract, minimum amortization period	1 year
Capitalized costs to obtain or fulfill a contract, current	$ 1.5	$ 3.0
Capitalized costs to obtain or fulfill a contract, noncurrent	14.5	11.0
Costs to Obtain a Contract \| Selling and Marketing
Revenue [Line Items]
Capitalized costs to obtain or fulfill a contract, amortization expense	8.3	5.2
Costs to Fulfill a Contract
Revenue [Line Items]
Capitalized costs to obtain or fulfill a contract, current	0.1	0.2
Capitalized costs to obtain or fulfill a contract, noncurrent	9.7	10.1
Costs to Fulfill a Contract \| Cost of Revenue
Revenue [Line Items]
Capitalized costs to obtain or fulfill a contract, amortization expense	$ 3.1	$ 4.5

Other, Net	12 Months Ended
Other, Net	Dec. 31, 2022
Other Income and Expenses [Abstract]
Other, Net	Other, Net Other, net is primarily comprised of foreign currency transaction gains and losses and, for the year ended December 31, 2022, the $38.5 million gain on the divestiture. Other, net was $43.4 million of income for the year ended December 31, 2022 . Other, net was $1.3 million and $1.1 million of expense for the years ended December 31, 2021, and 2020, respectively.

Nature of Business and Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2022

Accounting Policies [Abstract]

Nature of Business and Summary of Significant Accounting Policies

Nature of Business

ACI Worldwide, Inc., a Delaware corporation, and its subsidiaries (collectively referred to as “ACI” or the “Company”) develop, market, install, and support a broad line of software products and services primarily focused on facilitating electronic payments. In addition to its own products, the Company distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by banks and intermediaries, merchants, and billers, both in domestic and international markets.

Consolidated Financial Statements

The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.

Capital Stock

The Company’s outstanding capital stock consists of a single class of common stock. Each share of common stock is entitled to one vote for each matter subject to a stockholder’s vote and to dividends, if and when declared by the board of directors (the “board”).

Use of Estimates

The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by management’s application of accounting policies, as well as uncertainty in the current economic environment. Actual results could differ from those estimates.

Cash and Cash Equivalents

The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company’s cash and cash equivalents includes holdings in checking, savings, money market, and overnight sweep accounts, all of which have daily maturities, as well as time deposits with maturities of three months or less at the date of purchase.

Other Current Liabilities

Other current liabilities include the following (in thousands):


	December 31,
	2022		2021
Vendor financed licenses	$	13,525	$	12,521
Operating lease liabilities	11,218		11,518
Accrued interest	9,067		8,776
Royalties payable	3,726		4,102
Other	65,109		42,677
Total other current liabilities	$	102,645	$	79,594

Settlement Assets and Liabilities

Individuals and businesses settle their obligations to the Company’s various Biller clients using credit or debit cards or via automated clearing house (“ACH”) payments. The Company creates a receivable for the amount due from the credit or debit card processor and an offsetting payable to the client. Upon confirmation that the funds have been received, the Company settles the obligation to the client. Due to timing, in some instances, the Company may (1) receive the funds into bank accounts controlled by and in the Company’s name that are not disbursed to its clients by the end of the day, resulting in a settlement deposit on the Company’s books and (2) disburse funds to its clients in advance of receiving funds from the credit or debit card processor, resulting in a net settlement receivable position.

Off Balance Sheet Settlement Accounts

The Company also enters into agreements with certain Biller clients to process payment funds on their behalf. When an ACH or automated teller machine network payment transaction is processed, a transaction is initiated to withdraw funds from the designated source account and deposit them into a settlement account, which is a trust account maintained for the benefit of the Company’s clients. A simultaneous transaction is initiated to transfer funds from the settlement account to the intended destination account. These “back to back” transactions are designed to settle at the same time, usually overnight, such that the Company receives the funds from the source at the same time as it sends the funds to their destination. However, due to the transactions being with various financial institutions there may be timing differences that result in float balances. These funds are maintained in accounts for the benefit of the client which is separate from the Company’s corporate assets. As the Company does not take ownership of the funds, these settlement accounts are not included in the Company’s balance sheet. The Company is entitled to interest earned on the fund balances. The collection of interest on these settlement accounts is considered in the Company’s determination of its fee structure for clients and represents a portion of the payment for services performed by the Company. The amount of settlement funds as of December 31, 2022 and 2021, were $328.7 million and $272.8 million, respectively.

Property and Equipment

Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2022 and 2021, net property and equipment consisted of the following (in thousands):


		December 31,
	Useful Lives	2022		2021
Computer and office equipment	3 - 5 years	$	132,133	$	127,352
Leasehold improvements	Lesser of useful life of improvement or remaining life of lease	34,159		34,460
Building and improvements	7 - 30 years	15,061		14,853
Furniture and fixtures	7 years	10,200		9,733
Land	Non-depreciable	1,785		1,785
Property and equipment, gross		193,338		188,183
Less: accumulated depreciation		(140,839)		(125,133)
Property and equipment, net		$	52,499	$	63,050

Software

Software may be for internal use or for resale. Costs related to certain software, which is for resale, are capitalized in accordance with Accounting Standards Codification (“ASC”) 985-20, Costs of Software to be Sold, Leased, or Marketed, when the resulting product reaches technological feasibility. The Company generally determines technological feasibility when it has a detailed program design that takes product function, feature and technical requirements to their most detailed, logical form and is ready for coding. The Company does not typically capitalize costs related to software for resale as technological feasibility generally coincides with general availability of the software. The Company capitalizes the costs of software developed or obtained for internal use in accordance with ASC 350-40, Internal Use Software. The Company expenses all costs incurred during the preliminary project stage of its development and capitalizes the costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the software are capitalized if it is determined that these upgrades or enhancements add additional functionality to the software. Costs incurred during the application development stage include purchased software licenses, implementation costs, consulting costs, and payroll-related costs for projects that qualify for capitalization. All other costs, primarily related to maintenance and minor software fixes, are expensed as incurred.

Amortization of software for resale is determined on a product-by-product basis and begins when the product is available for licensing to customers. The annual amortization is computed using the greater of (a) the ratio of current gross revenues to the total of current and future gross revenues expected to be derived from the software or (b) the straight-line method over the remaining estimated useful life of generally five to ten years, including the period being reported on. Due to competitive pressures, it may be possible that the estimates of future gross revenue or remaining estimated useful life of the software will be reduced significantly. As a result, the carrying amount of the software may be reduced accordingly. Amortization of internal-use software is generally computed using the straight-line method over estimated useful lives of three to eight years.

Business Combinations

The Company applies the provisions of ASC 805, Business Combinations, in the accounting for its acquisitions. It requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, its estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, it records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of operations.

Critical estimates in valuing certain intangible assets include but are not limited to future expected cash flows from customer relationships, covenants not to compete and acquired developed technologies, brand awareness and market position, as well as assumptions about the period of time the brand will continue to be used in our product portfolio, and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates.

Other estimates associated with the accounting for acquisitions may change as additional information becomes available regarding the assets acquired and liabilities assumed.

Fair Value

ASC 820, Fair Value Measurements and Disclosures, (“ASC 820”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows:

•Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date.

•Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means.

•Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities.

The fair value of the Company’s Credit Agreement approximates the carrying value due to the floating interest rate (Level 2 of the fair value hierarchy). The Company measures the fair value of its Senior Notes based on Level 2 inputs, which include quoted market prices and interest rate spreads of similar securities. The fair value of the Company’s 5.750% Senior Notes due 2026 (“2026 Notes”) was $390.0 million and $419.0 million as of December 31, 2022 and 2021, respectively.

The fair values of cash and cash equivalents approximate the carrying values due to the short period of time to maturity (Level 2 of the fair value hierarchy).

Goodwill and Other Intangibles

In accordance with ASC 350, Intangibles – Goodwill and Other, the Company assesses goodwill for impairment annually during the fourth quarter of its fiscal year using October 1 balances or when there is evidence that events or changes in circumstances indicate that the carrying amount of the asset may not be recovered. The Company evaluates goodwill at the reporting unit level using the discounted cash flow valuation model and allocates goodwill to these reporting units using a relative fair value approach. During this assessment, management relies on a number of factors, including operating results, business plans, and anticipated future cash flows. The Company has identified its reportable segments, Banks, Merchants, and Billers, as the reporting units.

The key assumptions used in the discounted cash flow valuation model include discount rates, growth rates, cash flow projections and terminal value rates. Discount rates, growth rates, and cash flow projections are the most sensitive and susceptible to change, as they require significant management judgment. Discount rates are determined by using a weighted average cost of capital (“WACC”). The WACC considers market and industry data as well as company-specific risk factors.

Operational management, considering industry and company-specific historical and projected data, develops growth rates and cash flow projections for each reporting unit. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period, assuming a constant WACC and low, long-term growth rates. If, as per the quantitative test, the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, impairment is recognized for the difference, limited to the amount of goodwill recognized for the reporting unit. The calculated fair value substantially exceeded the current carrying value for all reporting units for all periods.

Changes in the carrying amount of goodwill attributable to each reporting unit during the year ended December 31, 2022 were as follows (in thousands):


	Banks		Merchants		Billers		Total
Balance, December 31, 2021	$	725,903	$	137,289	$	417,034	$	1,280,226
Divestiture (1)	(54,200)		—		—		(54,200)
Balance, December 31, 2022	$	671,703	$	137,289	$	417,034	$	1,226,026

(1) In connection with the divestiture, $54.2 million of goodwill from the Banks segment was allocated to the net assets sold. See Note 3, Divestiture, for further information on the divestiture.

Other intangible assets, which include customer relationships and trademarks and trade names, are amortized using the straight-line method over periods ranging from four to 20 years. The Company reviews its other intangible assets for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable.

Equity Method Investment

In July 2019, the Company invested $18.3 million for a 30% non-controlling financial interest in a payment technology and services company in India. The Company accounted for this investment using the equity method in accordance with ASC 323, Investments - Equity Method and Joint Ventures. The Company records its share of earnings and losses in the investment on a one-quarter lag basis. Accordingly, the Company recorded an investment of $17.9 million and $19.3 million, which is included in other noncurrent assets in the consolidated balance sheet as of December 31, 2022 and 2021, respectively.

Impairment of Long-Lived Assets

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset group may not be recoverable. An impairment loss is recorded if the sum of the future cash flows expected to result from the use of the asset (undiscounted and without interest charges) is less than the carrying amount of the asset. The amount of the impairment charge is measured based upon the fair value of the asset group.

Treasury Stock

The Company accounts for shares of its common stock that are repurchased without intent to retire as treasury stock. Such shares are recorded at cost and reflected separately on the consolidated balance sheets as a reduction of stockholders’ equity. The Company issues shares of treasury stock upon exercise of stock options, issuance of restricted share units, payment of earned performance shares, and for issuances of common stock pursuant to the Company’s employee stock purchase plan. For purposes of determining the cost of the treasury shares re-issued, the Company uses the average cost method.

Stock-Based Compensation Plans

In accordance with ASC 718, Compensation – Stock Compensation, ("ASC 718") the Company recognizes stock-based compensation expense for awards that are probable of vesting on a straight-line basis over the requisite service period of the award, which is generally the vesting term. Stock-based compensation expense is recorded in operating expenses depending on where the respective individual’s compensation is recorded. To determine the grant date fair value of total shareholder return awards (“TSRs”), a Monte Carlo simulation model was used. The assumptions utilized in the Monte Carlo simulation models, as well as the description of the plans the stock-based awards are granted under, are described in further detail in Note 6, Stock-Based Compensation Plans.

Translation of Foreign Currencies

The Company’s foreign subsidiaries typically use the local currency of the countries in which they are located as their functional currency. Their assets and liabilities are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. Revenues and expenses are translated at the average exchange rates during the period. Translation gains and losses are reflected in the consolidated financial statements as a component of accumulated other comprehensive income (loss). Transaction gains and losses, including those related to intercompany accounts, that are not considered to be of a long-term investment nature are included in the determination of net income. Transaction gains and losses, including those related to intercompany accounts, that are considered to be of a long-term investment nature are reflected in the consolidated financial statements as a component of accumulated other comprehensive income (loss).

Income Taxes

The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized.

The Company periodically assesses its tax exposures and establishes, or adjusts, estimated unrecognized tax benefits for probable assessments by taxing authorities, including the Internal Revenue Service, and various foreign and state authorities. Such unrecognized tax benefits represent the estimated provision for income taxes expected to ultimately be paid.

Earnings Per Share

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is computed in accordance with ASC 260, Earnings per Share, based on weighted average outstanding common shares. Diluted earnings per share is computed based on basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs, and certain contingently issuable shares for which performance targets have been achieved.

The following table reconciles the weighted average share amounts used to compute both basic and diluted earnings per share (in thousands):


	Years Ended December 31,
	2022	2021	2020
Weighted average shares outstanding:
Basic weighted average shares outstanding	113,700	117,407	116,397
Add: Dilutive effect of stock options, RSUs, and contingently issuable shares	538	1,240	1,682
Diluted weighted average shares outstanding	114,238	118,647	118,079

The diluted earnings per share computation excludes 1.9 million, 1.3 million, and 1.5 million options to purchase shares, RSUs, and contingently issuable shares during the years ended December 31, 2022, 2021, and 2020, respectively, as their effect would be anti-dilutive.

Common stock outstanding as of December 31, 2022 and 2021, was 108,068,828 and 115,730,046, respectively.

Segment Information - Selected Financial Data (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Segment Reporting Information [Line Items]
Revenues	$ 1,421,901	$ 1,370,598	$ 1,294,322
Depreciation and amortization	(127,328)	(133,393)	(140,316)
Stock-based compensation expense	(29,753)	(27,242)	(29,602)
Corporate and unallocated expenses	(166,501)	(185,731)	(205,310)
Interest, net	(40,646)	(33,538)	(45,002)
Other, net	43,446	(1,294)	(1,116)
Income before income taxes	206,635	175,065	98,626
Operating Segments \| Banks
Segment Reporting Information [Line Items]
Revenues	638,585	625,125	558,498
Segment Adjusted EBITDA	371,017	372,949	331,445
Operating Segments \| Merchants
Segment Reporting Information [Line Items]
Revenues	153,905	152,988	149,342
Segment Adjusted EBITDA	49,029	54,266	53,383
Operating Segments \| Billers
Segment Reporting Information [Line Items]
Revenues	629,411	592,485	586,482
Segment Adjusted EBITDA	$ 107,371	$ 129,048	$ 135,144

Leases (Tables)

12 Months Ended

Dec. 31, 2022

Leases [Abstract]

Summary of Components of Lease Cost

The components of lease cost are as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Operating lease cost	$	12,506	$	12,369	$	25,148
Variable lease cost	2,771		3,140		3,588
Sublease income	—		—		(134)
Total lease cost	$	15,277	$	15,509	$	28,602

Summary of Supplemental Cash Flow Information

Supplemental cash flow information related to leases is as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	14,020	$	19,623	$	18,827
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$	7,693	$	20,944	$	11,431

Summary of Supplemental Balance Sheet Information

Supplemental balance sheet information related to leases is as follows (in thousands, except lease term and discount rate):


	December 31,
	2022			2021
Assets:
Operating lease right-of-use assets	$	40,031		$	47,825
Liabilities:
Other current liabilities	$	11,218		$	11,518
Operating lease liabilities	33,910			43,346
Total operating lease liabilities	$	45,128		$	54,864
Weighted average remaining operating lease term (years)	5.53			7.04
Weighted average operating lease discount rate	3.21		%	3.22		%

Summary of Maturities on Lease Liabilities

Maturities on lease liabilities as of December 31, 2022, are as follows (in thousands):


Fiscal Year Ending December 31,
2023	$	12,565
2024	9,460
2025	7,333
2026	5,450
2027	4,586
Thereafter	9,645
Total lease payments	49,039
Less: imputed interest	3,911
Total lease liability	$	45,128

Nature of Business and Summary of Significant Accounting Policies - Summary of Other Current Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Other Current Liabilities
Vendor financed licenses	$ 13,525	$ 12,521
Operating lease liabilities	11,218	11,518
Accrued interest	9,067	8,776
Royalties payable	3,726	4,102
Other	65,109	42,677
Total other current liabilities	$ 102,645	$ 79,594

Leases - Supplemental Balance Sheet Information Related to Leases (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Other current liabilities	Other current liabilities
Assets:
Operating lease right-of-use assets	$ 40,031	$ 47,825
Liabilities:
Other current liabilities	11,218	11,518
Operating lease liabilities	33,910	43,346
Total operating lease liabilities	$ 45,128	$ 54,864
Weighted average remaining operating lease term (years)	5 years 6 months 10 days	7 years 14 days
Weighted average operating lease discount rate	3.21%	3.22%

Leases - Maturities on Lease Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Leases [Abstract]
2023	$ 12,565
2024	9,460
2025	7,333
2026	5,450
2027	4,586
Thereafter	9,645
Total lease payments	49,039
Less: imputed interest	3,911
Total lease liability	$ 45,128	$ 54,864

Common Stock and Treasury Stock (Tables)

12 Months Ended

Dec. 31, 2022

Equity [Abstract]

Summary of Treasury Shares Issued by Award Type

Treasury shares issued by award type are as follows:


	Years Ended December 31,
	2022	2021	2020
Stock options	406,230	546,192	1,756,471
LTIP performance shares	—	10,457	668,240
TSRs	212,210	782,588	199,413
RSUs	534,759	522,618	431,504
ESPP	145,909	120,937	151,542
Total treasury shares issued	1,299,108	1,982,792	3,207,170

Stock-Based Compensation Plans - Nonvested RSUs (Details) - Restricted Stock Units (RSUs)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Number of Shares
Nonvested, beginning balance (in shares) \| shares	946,151
Granted (in shares) \| shares	1,095,699
Vested (in shares) \| shares	(534,759)
Forfeited (in shares) \| shares	(323,067)
Nonvested, ending balance (in shares) \| shares	1,184,024
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) \| $ / shares	$ 33.57
Granted (in dollars per share) \| $ / shares	29.77
Vested (in dollars per share) \| $ / shares	32.57
Forfeited (in dollars per share) \| $ / shares	32.71
Nonvested, ending balance (in dollars per share) \| $ / shares	$ 30.73

Divestiture	12 Months Ended
Divestiture	Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]
Divestiture	Divestiture Corporate Online Banking Solutions On June 7, 2022, the Company announced a definitive agreement to divest its corporate online banking solutions related assets and liabilities to One Equity Partners ("OEP") for $100.1 million, including a preliminary net working capital adjustment. The sale included employees and customer contracts as well as technology assets and intellectual property and closed on September 1, 2022. For the year ended December 31, 2022, the Company recognized a gain of $38.5 million on the sale, which is recorded in other, net on the consolidated statements of operations. This gain is preliminary subject to finalization of post-closing adjustments pursuant to the definitive transaction agreement. The Company and OEP have also entered into a Transition Services Agreement ("TSA"), whereby the Company will continue to perform certain functions on OEP's behalf during a migration period not expected to exceed 18 months. The TSA is meant to reimburse the Company for direct costs in order to provide such functions, which are no longer generating revenue for the Company.

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Retained Earnings	Treasury Stock	Accumulated Other Comprehensive Loss
Beginning balance at Dec. 31, 2019	$ 1,129,968	$ 702	$ 667,658	$ 930,830	$ (377,639)	$ (91,583)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	72,660			72,660
Other comprehensive loss	(862)					(862)
Stock-based compensation	29,602		29,602
Shares issued and forfeited, net, under stock plans	15,678		(14,829)		30,507
Repurchase of common stock	(28,881)				(28,881)
Repurchase of stock-based compensation awards for tax withholdings	(11,568)				(11,568)
Ending balance at Dec. 31, 2020	1,206,597	702	682,431	1,003,490	(387,581)	(92,445)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	127,791			127,791
Other comprehensive loss	(7,102)					(7,102)
Stock-based compensation	27,242		27,242
Shares issued and forfeited, net, under stock plans	12,460		(21,360)		33,820
Repurchase of common stock	(107,378)				(107,378)
Repurchase of stock-based compensation awards for tax withholdings	(14,833)				(14,833)
Ending balance at Dec. 31, 2021	1,244,777	702	688,313	1,131,281	(475,972)	(99,547)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	142,177			142,177
Other comprehensive loss	(18,113)					(18,113)
Stock-based compensation	29,753		29,753
Shares issued and forfeited, net, under stock plans	8,113		(15,608)		23,721
Repurchase of common stock	(206,537)				(206,537)
Repurchase of stock-based compensation awards for tax withholdings	(6,983)				(6,983)
Ending balance at Dec. 31, 2022	$ 1,193,187	$ 702	$ 702,458	$ 1,273,458	$ (665,771)	$ (117,660)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

+ Details

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-Section 55
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=84165509&loc=d3e56426-112766

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 4.E)
-URI https://asc.fasb.org/extlink&oid=122038336&loc=d3e74512-122707

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(31))
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Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
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-SubTopic 10
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Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
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-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(30))
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Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
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Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI https://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

+ Details

Nature of Business and Summary of Significant Accounting Policies - Summary of Changes in the Carrying Amount of Goodwill (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill [Roll Forward]
Balance, beginning of period	$ 1,280,226
Divestiture	(54,200)
Balance, end of period	1,226,026
Divestiture	54,200
Banks
Goodwill [Roll Forward]
Balance, beginning of period	725,903
Divestiture	(54,200)
Balance, end of period	671,703
Divestiture	54,200
Merchants
Goodwill [Roll Forward]
Balance, beginning of period	137,289
Divestiture	0
Balance, end of period	137,289
Divestiture	0
Billers
Goodwill [Roll Forward]
Balance, beginning of period	417,034
Divestiture	0
Balance, end of period	417,034
Divestiture	$ 0

- Definition

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.

+ References + Details

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets
Cash and cash equivalents	$ 124,981	$ 122,059
Receivables, net of allowances of $3,779 and $2,861, respectively	403,781	320,405
Settlement assets	540,667	452,396
Prepaid expenses	28,010	24,698
Other current assets	17,366	17,876
Total current assets	1,114,805	937,434
Noncurrent assets
Accrued receivables, net	297,818	276,164
Property and equipment, net	52,499	63,050
Operating lease right-of-use assets	40,031	47,825
Software, net	129,109	157,782
Goodwill	1,226,026	1,280,226
Intangible assets, net	228,698	283,004
Deferred income taxes, net	53,738	50,778
Other noncurrent assets	67,171	62,478
TOTAL ASSETS	3,209,895	3,158,741
Current liabilities
Accounts payable	47,997	41,312
Settlement liabilities	539,087	451,575
Employee compensation	45,289	51,379
Current portion of long-term debt	65,521	45,870
Deferred revenue	58,303	84,425
Other current liabilities	102,645	79,594
Total current liabilities	858,842	754,155
Noncurrent liabilities
Deferred revenue	23,233	25,925
Long-term debt	1,024,351	1,019,872
Deferred income taxes, net	40,371	36,122
Operating lease liabilities	33,910	43,346
Other noncurrent liabilities	36,001	34,544
Total liabilities	2,016,708	1,913,964
Commitments and contingencies (Note 13)
Stockholders’ equity
Preferred stock; $0.01 par value; 5,000,000 shares authorized; no shares issued at December 31, 2022 and 2021	0	0
Common stock; $0.005 par value; 280,000,000 shares authorized; 140,525,055 shares issued at December 31, 2022 and 2021	702	702
Additional paid-in capital	702,458	688,313
Retained earnings	1,273,458	1,131,281
Treasury stock, at cost, 32,456,227 and 24,795,009 shares at December 31, 2022 and 2021, respectively	(665,771)	(475,972)
Accumulated other comprehensive loss	(117,660)	(99,547)
Total stockholders’ equity	1,193,187	1,244,777
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 3,209,895	$ 3,158,741

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies In accordance with ASC 460, Guarantees, the Company recognizes the fair value for guarantee and indemnification arrangements it issues or modifies if these arrangements are within the scope of the interpretation. In addition, the Company must continue to monitor the conditions that are subject to the guarantees and indemnifications, as required under the previously existing generally accepted accounting principles, to identify if a loss has occurred. If the Company determines it is probable a loss has occurred, then any estimable loss would be recognized under those guarantees and indemnifications. Under its customer agreements, the Company may agree to indemnify, defend, and hold harmless its customers from and against certain losses, damages, and costs arising from claims alleging that the use of its software infringes the intellectual property of a third-party. Historically, the Company has not been required to pay material amounts in connection with claims asserted under these provisions, and accordingly, the Company has not recorded a liability relating to such provisions. Under its customer agreements, the Company also may represent and warrant to customers that its software will operate substantially in conformance with its documentation, and that the services the Company performs will be performed in a workmanlike manner by personnel reasonably qualified by experience and expertise to perform their assigned tasks. Historically, only minimal costs have been incurred relating to the satisfaction of warranty claims. In addition, from time to time, the Company may guarantee the performance of a contract on behalf of one or more of its subsidiaries, or a subsidiary may guarantee the performance of a contract on behalf of another subsidiary. Other guarantees include promises to indemnify, defend, and hold harmless the Company’s executive officers, directors, and certain other key officers. The Company’s certificate of incorporation provides that it will indemnify and advance expenses to its directors and officers to the maximum extent permitted by Delaware law. The indemnification covers any expenses and liabilities reasonably incurred by a person, by reason of the fact that such person is, was, or has agreed to be a director or officer, in connection with the investigation, defense, and settlement of any threatened, pending, or completed action, suit, proceeding, or claim. The Company’s certificate of incorporation authorizes the use of indemnification agreements, and the Company enters into such agreements with its directors and certain officers from time to time. These indemnification agreements typically provide for a broader scope of the Company’s obligation to indemnify the directors and officers than set forth in the certificate of incorporation. The Company’s contractual indemnification obligations under these agreements are in addition to the respective directors’ and officers’ rights under the certificate of incorporation or under Delaware law. Pending and Threatened Legal Proceedings In April 2021, ACH files associated with one of the Company's mortgage servicing customers were inadvertently transmitted into the ACH network during a test of the Company's payment processing system. The Company took immediate correction action and issued reversing ACH files, restoring affected accounts. The Company was named as a defendant in seven class action lawsuits filed in various federal courts purportedly on behalf of consumers whose mortgage accounts were affected by the inadvertent ACH file transmission. The Company entered into an agreement, which is subject to final court approval and other conditions, to settle these lawsuits for the Company's establishment of a $5.0 million fund out of which payments would be made to class members and the Company's payment of attorneys’ fees and administrative costs, plus additional funds totaling $1.5 million that could be required to be established under certain circumstances. There can be no assurance that the conditions to settlement will be satisfied, in which event the class action litigation could proceed. The inadvertent ACH file transmission also gave rise to investigations by the U.S. Consumer Financial Protection Bureau (the "CFPB") and state attorneys general in 49 states, the District of Columbia, and certain U.S. territories as well as money transmission regulators in 46 states, the District of Columbia, and certain U.S. territories. A lead group of attorneys general and regulatory representatives of nine states have led the state investigations of the matter. The Company has cooperated with the CFPB and state authorities, including furnishing documents and information to them. There can be no assurance that the matters will be resolved without litigation, and the matters could result in the impositions of material penalties and damages as well as burdensome and costly remedies. The Company has asserted claims for insurance coverage with respect to potential losses associated with the inadvertent ACH file transmission. There is no assurance as to the amount of insurance that may be available or its effect on the availability or cost of insurance in the future. The Company is from time to time subject to other claims, litigation and investigations. While we believe that none of the currently pending matters is reasonably likely to have material adverse effect on us, there can be no assurance with respect thereto or future matters.

Revenue - Changes in Deferred Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Change in Contract with Customer, Liability [Roll Forward]
Deferred revenue, beginning balance	$ 110,350	$ 129,413
Deferral of revenue	125,865	154,419
Recognition of deferred revenue	(128,700)	(171,530)
Divestiture	(21,581)
Foreign currency translation	(4,398)	(1,952)
Deferred revenue, ending balance	$ 81,536	$ 110,350

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 142,177	$ 127,791	$ 72,660
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation	23,181	20,900	24,728
Amortization	104,147	112,493	115,588
Amortization of operating lease right-of-use assets	11,036	10,515	23,448
Amortization of deferred debt issuance costs	4,561	4,685	4,802
Deferred income taxes	1,603	3,733	3,349
Stock-based compensation expense	29,753	27,242	29,602
Gain on divestiture	(38,452)	0	0
Other	3,028	855	6,017
Changes in operating assets and liabilities, net of impact of acquisitions:
Receivables	(132,194)	(43,830)	8,793
Accounts payable	7,730	1,408	2,484
Accrued employee compensation	(3,161)	3,674	18,491
Deferred revenue	(2,977)	(17,332)	9,421
Other current and noncurrent assets and liabilities	(7,051)	(31,661)	(4,488)
Net cash flows from operating activities	143,381	220,473	314,895
Cash flows from investing activities:
Purchases of property and equipment	(13,103)	(20,582)	(17,804)
Purchases of software and distribution rights	(26,790)	(24,786)	(28,829)
Proceeds from divestiture	100,139	0	0
Other	0	0	15,934
Net cash flows from investing activities	60,246	(45,368)	(30,699)
Cash flows from financing activities:
Proceeds from issuance of common stock	3,581	3,440	3,759
Proceeds from exercises of stock options	4,584	8,862	11,924
Repurchase of stock-based compensation awards for tax withholdings	(6,983)	(14,833)	(11,568)
Repurchase of common stock	(206,537)	(107,378)	(28,881)
Proceeds from revolving credit facility	180,000	35,000	30,000
Repayments of revolving credit facility	(75,000)	(90,000)	(214,000)
Repayments of term portion of credit agreement	(85,431)	(38,950)	(38,950)
Payments on or proceeds from other debt, net	(12,123)	(15,185)	(13,854)
Net increase (decrease) in settlement assets and liabilities	26,849	(37,834)	101,681
Net cash flows from financing activities	(171,060)	(256,878)	(159,889)
Effect of exchange rate fluctuations on cash	(2,037)	533	(57)
Net increase (decrease) in cash and cash equivalents	30,530	(81,240)	124,250
Cash and cash equivalents, including settlement deposits, beginning of period	184,142	265,382	141,132
Cash and cash equivalents, including settlement deposits, end of period	214,672	184,142	265,382
Reconciliation of cash and cash equivalents to the Consolidated Balance Sheets
Cash and cash equivalents	124,981	122,059	165,374
Settlement deposits	89,691	62,083	100,008
Total cash and cash equivalents, including settlement deposits	214,672	184,142	265,382
Supplemental cash flow information
Income taxes paid, net	43,553	46,166	27,760
Interest paid	$ 48,526	$ 40,071	$ 51,991

Stock-Based Compensation Plans - Stock Option Activity (Details)	12 Months Ended
	Dec. 31, 2022 USD ($) $ / shares shares
Number of Shares
Outstanding, beginning balance (in shares) \| shares	1,640,319
Exercised (in shares) \| shares	(406,230)
Expired (in shares) \| shares	(12,870)
Outstanding, ending balance (in shares) \| shares	1,221,219
Exercisable, ending balance (in shares) \| shares	1,221,219
Weighted Average Exercise Price
Beginning balance (in dollars per share) \| $ / shares	$ 18.42
Exercised (in dollars per share) \| $ / shares	16.65
Expired (in dollars per share) \| $ / shares	20.07
Ending balance (in dollars per share) \| $ / shares	19.00
Weighted average exercise price, exercisable, ending balance (in dollars per share) \| $ / shares	$ 19.00
Weighted Average Remaining Contractual Term (Years)
Weighted average remaining contractual term, outstanding, end of period (in years)	2 years 8 months 8 days
Weighted average remaining contractual term, exercisable, end of period (in years)	2 years 8 months 8 days
Aggregate Intrinsic Value of In-the-Money Options
Aggregate intrinsic value of in-the-money options, outstanding, end of period \| $	$ 4,887,760
Aggregate intrinsic value of in-the-money options, exercisable, end of period \| $	$ 4,887,760

Cover Page - USD ($)	12 Months Ended
Cover Page - USD ($)	Dec. 31, 2022	Feb. 27, 2023	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	0-25346
Entity Registrant Name	ACI WORLDWIDE, INC.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	47-0772104
Entity Address, Address Line One	2811 Ponce de Leon Blvd
Entity Address, Address Line Two	PH 1
Entity Address, City or Town	Coral Gables,
Entity Address, State or Province	FL
Entity Address, Postal Zip Code	33134
City Area Code	305
Local Phone Number	894-2200
Title of 12(b) Security	Common Stock, $0.005 par value
Trading Symbol	ACIW
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float			$ 2,597,031,703
Entity Common Stock, Shares Outstanding		108,111,525
Documents Incorporated by Reference	Documents Incorporated by Reference – Portions of the registrant’s definitive Proxy Statement for the Annual Meeting of Shareholders to be held on or about June 1, 2023, are incorporated by reference in Part III of this report. This registrant’s Proxy Statement will be filed with the Securities and Exchange Commission pursuant to Regulation 14A.
Amendment Flag	false
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Entity Central Index Key	0000935036

Common Stock and Treasury Stock - Class of Treasury Stock (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	1,299,108	1,982,792	3,207,170
Stock Options
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	406,230	546,192	1,756,471
Long-term Incentive Program Performance Share Awards (LTIPs)
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	0	10,457	668,240
Total Shareholder Return Awards (TSRs)
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	212,210	782,588	199,413
Restricted Stock Units (RSUs)
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	534,759	522,618	431,504
Employee Stock Purchase Plan (ESPP)
Equity, Class of Treasury Stock [Line Items]
Total treasury shares issued (in shares)	145,909	120,937	151,542

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Revenues

Total revenues

$ 1,421,901

$ 1,370,598

$ 1,294,322

Operating expenses

Cost of revenue

^[1]

696,071

638,871

622,459

Research and development

146,311

144,310

139,293

Selling and marketing

134,812

126,539

103,567

General and administrative

114,194

123,801

152,468

Depreciation and amortization

126,678

127,180

131,791

Total operating expenses

1,218,066

1,160,701

1,149,578

Operating income

203,835

209,897

144,744

Other income (expense)

Interest expense

(53,193)

(45,060)

(56,630)

Interest income

12,547

11,522

11,628

Other, net

43,446

(1,294)

(1,116)

Total other income (expense)

2,800

(34,832)

(46,118)

Income before income taxes

206,635

175,065

98,626

Income tax expense

64,458

47,274

25,966

Net income

$ 142,177

$ 127,791

$ 72,660

Income per common share

Basic (in dollars per share)

$ 1.25

$ 1.09

$ 0.62

Diluted (in dollars per share)

$ 1.24

$ 1.08

$ 0.62

Weighted average common shares outstanding

Basic (in shares)

113,700

117,407

116,397

Diluted (in shares)

114,238

118,647

118,079

Software as a service and platform as a service

Revenues

Total revenues

$ 802,880

$ 774,342

$ 769,180

License

Revenues

Total revenues

348,134

319,867

246,896

Maintenance

Revenues

Total revenues

200,045

210,499

211,697

Services

Revenues

Total revenues

$ 70,842

$ 65,890

$ 66,549

[1]	The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.

Debt - Maturities on Long-Term Debt Outstanding (Details) $ in Thousands	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 69,906
2024	627,823
2025	0
2026	400,000
2027	0
Thereafter	0
Total	$ 1,097,729

Nature of Business and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Nature of Business	Nature of Business ACI Worldwide, Inc., a Delaware corporation, and its subsidiaries (collectively referred to as “ACI” or the “Company”) develop, market, install, and support a broad line of software products and services primarily focused on facilitating electronic payments. In addition to its own products, the Company distributes or acts as a sales agent for software developed by third parties. These products and services are used principally by banks and intermediaries, merchants, and billers, both in domestic and international markets.
Consolidated Financial Statements	Consolidated Financial StatementsThe consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated.
Capital Stock	Capital Stock The Company’s outstanding capital stock consists of a single class of common stock. Each share of common stock is entitled to one vote for each matter subject to a stockholder’s vote and to dividends, if and when declared by the board of directors (the “board”).
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. These estimates and assumptions are affected by management’s application of accounting policies, as well as uncertainty in the current economic environment. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash EquivalentsThe Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. The Company’s cash and cash equivalents includes holdings in checking, savings, money market, and overnight sweep accounts, all of which have daily maturities, as well as time deposits with maturities of three months or less at the date of purchase.
Settlement Assets and Liabilities	Settlement Assets and Liabilities Individuals and businesses settle their obligations to the Company’s various Biller clients using credit or debit cards or via automated clearing house (“ACH”) payments. The Company creates a receivable for the amount due from the credit or debit card processor and an offsetting payable to the client. Upon confirmation that the funds have been received, the Company settles the obligation to the client. Due to timing, in some instances, the Company may (1) receive the funds into bank accounts controlled by and in the Company’s name that are not disbursed to its clients by the end of the day, resulting in a settlement deposit on the Company’s books and (2) disburse funds to its clients in advance of receiving funds from the credit or debit card processor, resulting in a net settlement receivable position.
Off Balance Sheet Settlement Accounts	Off Balance Sheet Settlement AccountsThe Company also enters into agreements with certain Biller clients to process payment funds on their behalf. When an ACH or automated teller machine network payment transaction is processed, a transaction is initiated to withdraw funds from the designated source account and deposit them into a settlement account, which is a trust account maintained for the benefit of the Company’s clients. A simultaneous transaction is initiated to transfer funds from the settlement account to the intended destination account. These “back to back” transactions are designed to settle at the same time, usually overnight, such that the Company receives the funds from the source at the same time as it sends the funds to their destination. However, due to the transactions being with various financial institutions there may be timing differences that result in float balances. These funds are maintained in accounts for the benefit of the client which is separate from the Company’s corporate assets. As the Company does not take ownership of the funds, these settlement accounts are not included in the Company’s balance sheet. The Company is entitled to interest earned on the fund balances. The collection of interest on these settlement accounts is considered in the Company’s determination of its fee structure for clients and represents a portion of the payment for services performed by the Company.
Property and Equipment	Property and EquipmentProperty and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class.
Software	Software Software may be for internal use or for resale. Costs related to certain software, which is for resale, are capitalized in accordance with Accounting Standards Codification (“ASC”) 985-20, Costs of Software to be Sold, Leased, or Marketed, when the resulting product reaches technological feasibility. The Company generally determines technological feasibility when it has a detailed program design that takes product function, feature and technical requirements to their most detailed, logical form and is ready for coding. The Company does not typically capitalize costs related to software for resale as technological feasibility generally coincides with general availability of the software. The Company capitalizes the costs of software developed or obtained for internal use in accordance with ASC 350-40, Internal Use Software. The Company expenses all costs incurred during the preliminary project stage of its development and capitalizes the costs incurred during the application development stage. Costs incurred relating to upgrades and enhancements to the software are capitalized if it is determined that these upgrades or enhancements add additional functionality to the software. Costs incurred during the application development stage include purchased software licenses, implementation costs, consulting costs, and payroll-related costs for projects that qualify for capitalization. All other costs, primarily related to maintenance and minor software fixes, are expensed as incurred. Amortization of software for resale is determined on a product-by-product basis and begins when the product is available for licensing to customers. The annual amortization is computed using the greater of (a) the ratio of current gross revenues to the total of current and future gross revenues expected to be derived from the software or (b) the straight-line method over the remaining estimated useful life of generally five to ten years, including the period being reported on. Due to competitive pressures, it may be possible that the estimates of future gross revenue or remaining estimated useful life of the software will be reduced significantly. As a result, the carrying amount of the software may be reduced accordingly. Amortization of internal-use software is generally computed using the straight-line method over estimated useful lives of three to eight years.
Business Combinations	Business Combinations The Company applies the provisions of ASC 805, Business Combinations, in the accounting for its acquisitions. It requires the Company to recognize separately from goodwill the assets acquired and the liabilities assumed at their acquisition date fair values. Goodwill as of the acquisition date is measured as the excess of consideration transferred and the net of the acquisition date fair values of the assets acquired and the liabilities assumed. While the Company uses its best estimates and assumptions to accurately value assets acquired and liabilities assumed at the acquisition date, its estimates are inherently uncertain and subject to refinement. As a result, during the measurement period, which may be up to one year from the acquisition date, it records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to our consolidated statements of operations. Critical estimates in valuing certain intangible assets include but are not limited to future expected cash flows from customer relationships, covenants not to compete and acquired developed technologies, brand awareness and market position, as well as assumptions about the period of time the brand will continue to be used in our product portfolio, and discount rates. Management’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Other estimates associated with the accounting for acquisitions may change as additional information becomes available regarding the assets acquired and liabilities assumed.
Fair Value	Fair Value ASC 820, Fair Value Measurements and Disclosures, (“ASC 820”) defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. ASC 820 establishes a fair value hierarchy for valuation inputs that gives the highest priority to quoted prices in active markets for identical assets or liabilities and the lowest priority to unobservable inputs. The fair value hierarchy is as follows: •Level 1 Inputs – Unadjusted quoted prices in active markets for identical assets or liabilities that the reporting entity has the ability to access at the measurement date. •Level 2 Inputs – Inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These might include quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or liability (such as interest rates, volatilities, prepayment speeds, credit risks, etc.) or inputs that are derived principally from or corroborated by market data by correlation or other means. •Level 3 Inputs – Unobservable inputs for determining the fair values of assets or liabilities that reflect an entity’s own assumptions about the assumptions that market participants would use in pricing the assets or liabilities. The fair value of the Company’s Credit Agreement approximates the carrying value due to the floating interest rate (Level 2 of the fair value hierarchy). The Company measures the fair value of its Senior Notes based on Level 2 inputs, which include quoted market prices and interest rate spreads of similar securities. The fair value of the Company’s 5.750% Senior Notes due 2026 (“2026 Notes”) was $390.0 million and $419.0 million as of December 31, 2022 and 2021, respectively. The fair values of cash and cash equivalents approximate the carrying values due to the short period of time to maturity (Level 2 of the fair value hierarchy).
Goodwill and Other Intangibles	Goodwill and Other Intangibles In accordance with ASC 350, Intangibles – Goodwill and Other, the Company assesses goodwill for impairment annually during the fourth quarter of its fiscal year using October 1 balances or when there is evidence that events or changes in circumstances indicate that the carrying amount of the asset may not be recovered. The Company evaluates goodwill at the reporting unit level using the discounted cash flow valuation model and allocates goodwill to these reporting units using a relative fair value approach. During this assessment, management relies on a number of factors, including operating results, business plans, and anticipated future cash flows. The Company has identified its reportable segments, Banks, Merchants, and Billers, as the reporting units. The key assumptions used in the discounted cash flow valuation model include discount rates, growth rates, cash flow projections and terminal value rates. Discount rates, growth rates, and cash flow projections are the most sensitive and susceptible to change, as they require significant management judgment. Discount rates are determined by using a weighted average cost of capital (“WACC”). The WACC considers market and industry data as well as company-specific risk factors. Operational management, considering industry and company-specific historical and projected data, develops growth rates and cash flow projections for each reporting unit. Terminal value rate determination follows common methodology of capturing the present value of perpetual cash flow estimates beyond the last projected period, assuming a constant WACC and low, long-term growth rates. If, as per the quantitative test, the estimated fair value of the reporting unit is less than the carrying amount of the reporting unit, impairment is recognized for the difference, limited to the amount of goodwill recognized for the reporting unit. The calculated fair value substantially exceeded the current carrying value for all reporting units for all periods.
Equity Method Investment	Equity Method Investment In July 2019, the Company invested $18.3 million for a 30% non-controlling financial interest in a payment technology and services company in India. The Company accounted for this investment using the equity method in accordance with ASC 323, Investments - Equity Method and Joint Ventures. The Company records its share of earnings and losses in the investment on a one-quarter lag basis. Accordingly, the Company recorded an investment of $17.9 million and $19.3 million, which is included in other noncurrent assets in the consolidated balance sheet as of December 31, 2022 and 2021, respectively.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of a long-lived asset group may not be recoverable. An impairment loss is recorded if the sum of the future cash flows expected to result from the use of the asset (undiscounted and without interest charges) is less than the carrying amount of the asset. The amount of the impairment charge is measured based upon the fair value of the asset group.
Treasury Stock	Treasury Stock The Company accounts for shares of its common stock that are repurchased without intent to retire as treasury stock. Such shares are recorded at cost and reflected separately on the consolidated balance sheets as a reduction of stockholders’ equity. The Company issues shares of treasury stock upon exercise of stock options, issuance of restricted share units, payment of earned performance shares, and for issuances of common stock pursuant to the Company’s employee stock purchase plan. For purposes of determining the cost of the treasury shares re-issued, the Company uses the average cost method.
Stock-Based Compensation Plans	Stock-Based Compensation Plans In accordance with ASC 718, Compensation – Stock Compensation, ("ASC 718") the Company recognizes stock-based compensation expense for awards that are probable of vesting on a straight-line basis over the requisite service period of the award, which is generally the vesting term. Stock-based compensation expense is recorded in operating expenses depending on where the respective individual’s compensation is recorded. To determine the grant date fair value of total shareholder return awards (“TSRs”), a Monte Carlo simulation model was used. The assumptions utilized in the Monte Carlo simulation models, as well as the description of the plans the stock-based awards are granted under, are described in further detail in Note 6, Stock-Based Compensation Plans.
Translation of Foreign Currencies	Translation of Foreign Currencies The Company’s foreign subsidiaries typically use the local currency of the countries in which they are located as their functional currency. Their assets and liabilities are translated into U.S. dollars at the exchange rates in effect at the balance sheet date. Revenues and expenses are translated at the average exchange rates during the period. Translation gains and losses are reflected in the consolidated financial statements as a component of accumulated other comprehensive income (loss). Transaction gains and losses, including those related to intercompany accounts, that are not considered to be of a long-term investment nature are included in the determination of net income. Transaction gains and losses, including those related to intercompany accounts, that are considered to be of a long-term investment nature are reflected in the consolidated financial statements as a component of accumulated other comprehensive income (loss).
Income Taxes	Income Taxes The provision for income taxes is computed using the asset and liability method, under which deferred tax assets and liabilities are recognized for the expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities. Deferred tax assets are reduced by a valuation allowance when it is more likely than not that some portion or all of the deferred tax assets will not be realized. The Company periodically assesses its tax exposures and establishes, or adjusts, estimated unrecognized tax benefits for probable assessments by taxing authorities, including the Internal Revenue Service, and various foreign and state authorities. Such unrecognized tax benefits represent the estimated provision for income taxes expected to ultimately be paid.
Earnings Per Share	Basic earnings per share is computed in accordance with ASC 260, Earnings per Share, based on weighted average outstanding common shares. Diluted earnings per share is computed based on basic weighted average outstanding common shares adjusted for the dilutive effect of stock options, RSUs, and certain contingently issuable shares for which performance targets have been achieved.
Segment Information	The Company reports financial performance based on its operating segments, Banks, Merchants, and Billers, and analyzes Segment Adjusted EBITDA as a measure of segment profitability. The Company’s Chief Executive Officer is also CODM. The CODM, together with other senior management personnel, focus their review on consolidated financial information and the allocation of resources based on operating results, including revenues and Segment Adjusted EBITDA, for each segment, separate from corporate operations. No operating segments have been aggregated to form the reportable segments. Banks. ACI provides payment solutions to large and mid-size banks globally for retail banking, real time, digital, and other payment services. These solutions transform banks’ complex payment environments to speed time to market, reduce costs, and deliver a consistent experience to customers across channels while enabling them to prevent and rapidly react to fraudulent activity. In addition, they enable banks to meet the requirements of different real-time payments schemes and to quickly create differentiated products to meet consumer, business, and merchant demands. Merchants. ACI’s support of merchants globally includes Tier 1 and Tier 2 merchants, online-only merchants and the payment service providers, independent selling organizations, value-added resellers, and acquirers who service them. These customers operate in a variety of verticals, including general merchandise, grocery, hospitality, dining, transportation, and others. The Company's solutions provide merchants with a secure, omni-channel payments platform that gives them independence from third-party payment providers. They also offer secure solutions to online-only merchants that provide consumers with a convenient and seamless way to shop. Billers. Within the billers segment, ACI provides electronic bill presentment and payment (“EBPP”) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. The solutions enable these customers to support a wide range of payment options and provide a convenient consumer payments experience that drives consumer loyalty and increases revenue. Revenue is attributed to the reportable segments based upon customer. Expenses are attributed to the reportable segments in one of three methods, (1) direct costs of the segment, (2) labor costs that can be attributed based upon time tracking for individual projects, or (3) costs that are allocated. Allocated costs are generally marketing and sales related activities. Segment Adjusted EBITDA is the measure reported to the CODM for purposes of making decisions on allocating resources and assessing the performance of the Company’s segments, and therefore, Segment Adjusted EBITDA is presented in conformity with ASC 280, Segment Reporting. Segment Adjusted EBITDA is defined as earnings (loss) from operations before interest, income tax expense (benefit), depreciation and amortization (“EBITDA”) adjusted to exclude net other income (expense). Corporate and unallocated expenses includes global facilities and information technology costs and long-term product roadmap expenses in addition to corporate overhead costs that are not allocated to reportable segments. The overhead costs relate to human resources, finance, legal, accounting, and merger and acquisition activity. These costs along with depreciation and amortization and stock-based compensation are not considered when management evaluates segment performance.

Common Stock and Treasury Stock - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Feb. 24, 2023
Equity, Class of Treasury Stock [Line Items]
Repurchase program, amount approved for repurchase	$ 250,000
Repurchase of common stock (in shares)	8,624,238	3,000,000	1,000,000
Repurchase program, shares repurchased, value	$ 206,537	$ 107,378	$ 28,881
Repurchase program, shares repurchased to date (in shares)	57,981,733
Repurchase program, value of shares repurchased to date	$ 926,200
Repurchase program, maximum remaining amount authorized for purchase	$ 9,800
Subsequent Event
Equity, Class of Treasury Stock [Line Items]
Repurchase program, amount approved for repurchase				$ 200,000

Leases - Additional Information (Details) $ in Millions	12 Months Ended
Leases - Additional Information (Details) $ in Millions	Dec. 31, 2022 USD ($)
Lessee, Lease, Description [Line Items]
Option to terminate, term	1 year
Operating leases not yet commenced, office facilities, amount	$ 0.6
Minimum
Lessee, Lease, Description [Line Items]
Operating leases not yet commenced, term of contract (in years)	1 year
Maximum
Lessee, Lease, Description [Line Items]
Renewal option, term	25 years
Operating leases not yet commenced, term of contract (in years)	3 years

Other, Net - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued Operation, Gain (Loss) on Disposal, Statement of Income or Comprehensive Income [Extensible Enumeration]	Other income (expense), net
Other income (expense), net	$ 43,446	$ (1,294)	$ (1,116)
Discontinued Operations, Disposed of by Sale \| One Equity Partners
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net after-tax gain sale	$ 38,500

Segment Information - Selected Financial Data, Revenues and Long lived Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,421,901	$ 1,370,598	$ 1,294,322
Long-lived Assets
Total	2,041,352	2,170,529
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	851,712	869,081	830,511
Long-lived Assets
Total	1,286,505	1,425,391
Other
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	570,189	501,517	$ 463,811
Long-lived Assets
Total	$ 754,847	$ 745,138

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
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Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 40
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
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-Subparagraph (a)
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Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Paragraph 32
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Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
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-Paragraph 4
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Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 8: http://www.xbrl.org/2003/role/disclosureRef
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Reference 9: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
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-Paragraph 5
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Reference 11: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Section S99
-Paragraph 1
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+ Details

Earnings Per Share - Additional Information (Details) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings (loss) per share, options to purchase shares, RSUs, and contingently issuable shares (in shares)	1,900,000	1,300,000	1,500,000
Common stock outstanding (in shares)	108,068,828	115,730,046

Debt - Additional Information (Details)		12 Months Ended
Debt - Additional Information (Details)	Apr. 05, 2019 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2019	Dec. 31, 2021 USD ($)	Aug. 12, 2020 USD ($)	Aug. 21, 2018 USD ($)	Feb. 24, 2017
Debt Instrument [Line Items]
Long-term debt, amount outstanding		$ 1,097,729,000
Credit Agreement
Debt Instrument [Line Items]
Effective interest rate (percentage)		6.20%
Credit Agreement \| Maximum
Debt Instrument [Line Items]
Consolidated total net leverage ratio	5.00						4.25
Credit Agreement \| Parent Company and Domestic Subsidiaries
Debt Instrument [Line Items]
Percentage of capital stock pledged as collateral		100.00%
Credit Agreement \| Foreign Subsidiaries
Debt Instrument [Line Items]
Percentage of capital stock pledged as collateral		65.00%
Credit Agreement \| Federal Funds Effective Swap Rate \| Option (a)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.50%
Credit Agreement \| Secured Overnight Financing Rate (SOFR) \| Option (a)
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.00%
Credit Agreement \| Secured Overnight Financing Rate (SOFR) \| Option (b) \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		2.25%
Credit Agreement \| Secured Overnight Financing Rate (SOFR) \| Option (b) \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Credit Agreement \| Base Rate \| Option (a) \| Maximum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		1.25%
Credit Agreement \| Base Rate \| Option (a) \| Minimum
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate		0.25%
Revolving Credit Facility \| Credit Agreement
Debt Instrument [Line Items]
Line of credit, amount outstanding		$ 105,000,000
Unused borrowings		393,500,000
Debt instrument, term	5 years
Credit facility, maximum borrowing capacity	$ 500,000,000				$ 498,500,000
Revolving Credit Facility \| Credit Agreement \| Letter of Credit
Debt Instrument [Line Items]
Unused borrowings		$ 1,500,000			$ 1,500,000
Debt instrument, renewal term		1 year
Debt instrument, termination, required notice period		90 days
Term Loans
Debt Instrument [Line Items]
Long-term debt, amount outstanding		$ 592,729,000		$ 678,160,000
Term Loans \| Credit Agreement
Debt Instrument [Line Items]
Long-term debt, amount outstanding		592,700,000
Term Loans \| Credit Agreement \| Maximum
Debt Instrument [Line Items]
Consolidated senior secured net leverage ratio	3.75						3.50
Initial Term Loan \| Credit Agreement
Debt Instrument [Line Items]
Debt instrument, face amount	$ 279,000,000
Debt instrument, term	5 years
Delayed Draw Term Loan \| Credit Agreement
Debt Instrument [Line Items]
Debt instrument, face amount	$ 500,000,000
Debt instrument, term	5 years
Senior Notes \| 5.750% Senior Notes, due August 2026
Debt Instrument [Line Items]
Long-term debt, amount outstanding		400,000,000		400,000,000
Debt instrument, face amount						$ 400,000,000
Issue price percentage of senior notes of the principal amount						100.00%
Stated interest rate (percentage)						5.75%
Line of Credit \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, amount outstanding		105,000,000		0
Line of Credit \| Overdraft Facility
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate			2.25%
Line of credit facility, amount available		75,000,000
Line of credit facility, amount outstanding		0		0
Other \| Multi-year License Agreement
Debt Instrument [Line Items]
Debt instrument, face amount		10,700,000
Other long-term debt, amount outstanding		9,300,000		$ 2,900,000
Other \| Multi-year License Agreement \| Other Current Liabilities
Debt Instrument [Line Items]
Other long-term debt, amount outstanding		5,800,000
Other \| Multi-year License Agreement \| Other Noncurrent Liabilities
Debt Instrument [Line Items]
Other long-term debt, amount outstanding		$ 3,500,000

Nature of Business and Summary of Significant Accounting Policies - Additional Information (Details) $ in Millions	1 Months Ended	12 Months Ended
	Jul. 31, 2019 USD ($)	Dec. 31, 2022 USD ($) vote	Dec. 31, 2021 USD ($)
Summary of Significant Accounting Policies [Line Items]
Common stock, number of votes \| vote		1
Amount of off balance sheet settlement funds		$ 328.7	$ 272.8
Level 2 \| Senior Notes \| 5.750% Senior Notes due 2026
Summary of Significant Accounting Policies [Line Items]
Stated interest rate (percentage)		5.75%
Fair value of long-term debt		$ 390.0	419.0
India Payment Technology and Services Company
Summary of Significant Accounting Policies [Line Items]
Payments to acquire investment interest	$ 18.3
Percentage of voting interests acquired	30.00%
India Payment Technology and Services Company \| Other Noncurrent Assets
Summary of Significant Accounting Policies [Line Items]
Equity method investment, carrying amount		$ 17.9	$ 19.3
Software for resale \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		5 years
Software for resale \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		10 years
Software for internal use \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		3 years
Software for internal use \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		8 years
Other intangible assets \| Minimum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		4 years
Other intangible assets \| Maximum
Summary of Significant Accounting Policies [Line Items]
Estimated useful life		20 years

Software and Other Intangible Assets

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Software and Other Intangible Assets

The carrying amount and accumulated amortization of the Company's software assets subject to amortization at each balance sheet date are as follows (in thousands):


	December 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Balance		Gross Carrying Amount		Accumulated Amortization		Net Balance
Software for internal use	$	454,171	$	(325,062)	$	129,109	$	440,242	$	(283,109)	$	157,133
Software for resale	124,257		(124,257)		—		127,904		(127,255)		649
Total software	$	578,428	$	(449,319)	$	129,109	$	568,146	$	(410,364)	$	157,782

Software for internal use amortization expense recorded during the years ended December 31, 2022, 2021, and 2020, totaled $68.0 million, $69.3 million, and $70.0 million, respectively. These software amortization expense amounts are reflected in depreciation and amortization in the consolidated statements of operations.

Software for resale amortization expense recorded during the years ended December 31, 2022, 2021, and 2020, totaled $0.7 million, $6.2 million, and $8.5 million, respectively. These software amortization expense amounts are reflected in cost of revenue in the consolidated statements of operations.

The carrying amount and accumulated amortization of the Company’s other intangible assets subject to amortization at each balance sheet date are as follows (in thousands):


	December 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Balance		Gross Carrying Amount		Accumulated Amortization		Net Balance
Customer relationships	$	444,749	$	(219,057)	$	225,692	$	507,962	$	(230,152)	$	277,810
Trademarks and trade names	21,678		(18,672)		3,006		23,839		(18,645)		5,194
Total other intangible assets	$	466,427	$	(237,729)	$	228,698	$	531,801	$	(248,797)	$	283,004

Other intangible assets amortization expense recorded during the years ended December 31, 2022, 2021, and 2020, totaled $35.5 million, $37.0 million, and $37.1 million, respectively.

Based on capitalized intangible assets as of December 31, 2022, estimated amortization expense amounts in future fiscal years are as follows (in thousands):


Fiscal Year Ending December 31,	Software Amortization		Other Intangible Assets Amortization
2023	$	55,003	$	33,710
2024	36,258		29,318
2025	25,014		20,938
2026	9,859		20,938
2027	1,638		20,696
Thereafter	1,337		103,098
Total	$	129,109	$	228,698

Segment Information - Revenue by Primary Solution Category for Reportable Segments (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,421,901	$ 1,370,598	$ 1,294,322
Bill Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	629,411	592,485	586,482
Digital Business Banking
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	35,504	60,398	75,475
Merchant Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	153,905	152,988	149,342
Fraud Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	47,421	43,704	32,942
Real-Time Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	104,777	77,922	80,654
Issuing and Acquiring
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	450,883	443,101	369,427
Operating Segments \| Banks
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	638,585	625,125	558,498
Operating Segments \| Banks \| Bill Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Banks \| Digital Business Banking
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	35,504	60,398	75,475
Operating Segments \| Banks \| Merchant Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Banks \| Fraud Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	47,421	43,704	32,942
Operating Segments \| Banks \| Real-Time Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	104,777	77,922	80,654
Operating Segments \| Banks \| Issuing and Acquiring
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	450,883	443,101	369,427
Operating Segments \| Banks \| Software as a service and platform as a service
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	48,932	57,339	69,254
Operating Segments \| Banks \| License
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	336,028	310,758	232,143
Operating Segments \| Banks \| Maintenance
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	184,017	193,332	194,400
Operating Segments \| Banks \| Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	69,608	63,696	62,701
Operating Segments \| Merchants
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	153,905	152,988	149,342
Operating Segments \| Merchants \| Bill Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Merchants \| Digital Business Banking
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Merchants \| Merchant Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	153,905	152,988	149,342
Operating Segments \| Merchants \| Fraud Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Merchants \| Real-Time Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Merchants \| Issuing and Acquiring
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Merchants \| Software as a service and platform as a service
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	124,631	124,933	113,854
Operating Segments \| Merchants \| License
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	12,106	9,015	14,659
Operating Segments \| Merchants \| Maintenance
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	15,934	16,846	16,981
Operating Segments \| Merchants \| Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,234	2,194	3,848
Operating Segments \| Billers
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	629,411	592,485	586,482
Operating Segments \| Billers \| Bill Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	629,411	592,485	586,482
Operating Segments \| Billers \| Digital Business Banking
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Billers \| Merchant Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Billers \| Fraud Management
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Billers \| Real-Time Payments
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Billers \| Issuing and Acquiring
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	0	0
Operating Segments \| Billers \| Software as a service and platform as a service
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	629,317	592,070	586,072
Operating Segments \| Billers \| License
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	0	94	94
Operating Segments \| Billers \| Maintenance
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	94	321	316
Operating Segments \| Billers \| Services
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 0	$ 0	$ 0

Leases - Supplemental Cash Flow Information Related to Leases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 14,020	$ 19,623	$ 18,827
Right-of-use assets obtained in exchange for new lease obligations:
Operating leases	$ 7,693	$ 20,944	$ 11,431

Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Stock Option Activity

A summary of stock option activity is as follows:


	Number of Shares	Weighted Average Exercise Price ($)		Weighted Average Remaining Contractual Term (Years)	Aggregate Intrinsic Value of In-the-Money Options ($)
Outstanding, December 31, 2021	1,640,319	$	18.42
Exercised	(406,230)	16.65

Expired	(12,870)	20.07
Outstanding, December 31, 2022	1,221,219	$	19.00	2.69	$	4,887,760
Exercisable, December 31, 2022	1,221,219	$	19.00	2.69	$	4,887,760

Total Shareholder Return Awards (TSRs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Nonvested Performance Award Activity

A summary of nonvested TSRs is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested as of December 31, 2021	1,154,721	$	40.10
Granted	520,020	42.99
Vested	(212,210)	45.86
Forfeited	(336,295)	41.62
Change in payout rate	(114,355)	45.92
Nonvested as of December 31, 2022	1,011,881	$	39.21

Total Shareholder Return Awards (TSRs) | Monte Carlo Simulation Model

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Grant Date Fair Value Weighted Average Assumptions, Awards Other Than Options


	Years Ended December 31,
	2022		2021		2020
Expected life (years)	3.1		2.8		2.8
Risk-free interest rate	1.5	%	0.3	%	0.5	%
Volatility	40.0	%	41.2	%	31.4	%
Expected dividend yield	—		—		—

Restricted Stock Units (RSUs)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Summary of Nonvested Restricted Share Unit Activity

A summary of nonvested RSUs is as follows:


	Number of Shares	Weighted Average Grant Date Fair Value
Nonvested as of December 31, 2021	946,151	$	33.57
Granted	1,095,699	29.77
Vested	(534,759)	32.57
Forfeited	(323,067)	32.71
Nonvested as of December 31, 2022	1,184,024	$	30.73

Revenue - Total Receivables, Net (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue from Contract with Customer [Abstract]
Billed receivables	$ 218,611	$ 162,479
Allowance for doubtful accounts	(3,779)	(2,861)	$ (3,912)	$ (5,149)
Billed receivables, net	214,832	159,618
Current accrued receivables, net	188,949	160,787
Long-term accrued receivables, net	297,818	276,164
Total accrued receivables, net	486,767	436,951
Total receivables, net	$ 701,599	$ 596,569

Stock-Based Compensation Plans - Grant Date Fair Value Weighted Average Assumptions - TSRs (Details) - Total Shareholder Return Awards (TSRs) - Monte Carlo Simulation Model	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected life (years)	3 years 1 month 6 days	2 years 9 months 18 days	2 years 9 months 18 days
Risk-free interest rate	1.50%	0.30%	0.50%
Volatility	40.00%	41.20%	31.40%
Expected dividend yield	0.00%	0.00%	0.00%

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) - shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Stockholders' Equity [Abstract]
Repurchase of common stock (in shares)	8,624,238	3,000,000	1,000,000

Leases - Components of Lease Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Leases [Abstract]
Operating lease cost	$ 12,506	$ 12,369	$ 25,148
Variable lease cost	2,771	3,140	3,588
Sublease income	0	0	(134)
Total lease cost	$ 15,277	$ 15,509	$ 28,602

Software and Other Intangible Assets (Tables)

12 Months Ended

Dec. 31, 2022

Goodwill and Intangible Assets Disclosure [Abstract]

Summary of Carrying Amount and Accumulated Amortization of Software and Other Intangible Assets

The carrying amount and accumulated amortization of the Company's software assets subject to amortization at each balance sheet date are as follows (in thousands):


	December 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Balance		Gross Carrying Amount		Accumulated Amortization		Net Balance
Software for internal use	$	454,171	$	(325,062)	$	129,109	$	440,242	$	(283,109)	$	157,133
Software for resale	124,257		(124,257)		—		127,904		(127,255)		649
Total software	$	578,428	$	(449,319)	$	129,109	$	568,146	$	(410,364)	$	157,782

The carrying amount and accumulated amortization of the Company’s other intangible assets subject to amortization at each balance sheet date are as follows (in thousands):


	December 31, 2022						December 31, 2021
	Gross Carrying Amount		Accumulated Amortization		Net Balance		Gross Carrying Amount		Accumulated Amortization		Net Balance
Customer relationships	$	444,749	$	(219,057)	$	225,692	$	507,962	$	(230,152)	$	277,810
Trademarks and trade names	21,678		(18,672)		3,006		23,839		(18,645)		5,194
Total other intangible assets	$	466,427	$	(237,729)	$	228,698	$	531,801	$	(248,797)	$	283,004

Summary of Estimated Intangible Asset Amortization Expense in Future Fiscal Years

Based on capitalized intangible assets as of December 31, 2022, estimated amortization expense amounts in future fiscal years are as follows (in thousands):


Fiscal Year Ending December 31,	Software Amortization		Other Intangible Assets Amortization
2023	$	55,003	$	33,710
2024	36,258		29,318
2025	25,014		20,938
2026	9,859		20,938
2027	1,638		20,696
Thereafter	1,337		103,098
Total	$	129,109	$	228,698

Software and Other Intangible Assets - Estimated Amortization Expense for Future Fiscal Years Based on Capitalized Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Net Balance	$ 228,698	$ 283,004
Software Amortization
Finite-Lived Intangible Assets [Line Items]
2023	55,003
2024	36,258
2025	25,014
2026	9,859
2027	1,638
Thereafter	1,337
Net Balance	129,109
Other Intangible Assets Amortization
Finite-Lived Intangible Assets [Line Items]
2023	33,710
2024	29,318
2025	20,938
2026	20,938
2027	20,696
Thereafter	103,098
Net Balance	$ 228,698

Segment Information (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Summary of Selected Financial Data by Reportable Segment

The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):


	Years Ended December 31,
	2022		2021		2020
Revenues
Banks	$	638,585	$	625,125	$	558,498
Merchants	153,905		152,988		149,342
Billers	629,411		592,485		586,482
Total revenue	$	1,421,901	$	1,370,598	$	1,294,322
Segment Adjusted EBITDA
Banks	$	371,017	$	372,949	$	331,445
Merchants	49,029		54,266		53,383
Billers	107,371		129,048		135,144
Depreciation and amortization	(127,328)		(133,393)		(140,316)
Stock-based compensation expense	(29,753)		(27,242)		(29,602)
Corporate and unallocated expenses	(166,501)		(185,731)		(205,310)
Interest, net	(40,646)		(33,538)		(45,002)
Other, net	43,446		(1,294)		(1,116)
Income before income taxes	$	206,635	$	175,065	$	98,626

Summary of Revenue by Primary Geographic Markets and Primary Solution Categories

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):


	Year Ended December 31, 2022
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	629,411	$	629,411
Digital Business Banking	35,504		—		—		35,504
Merchant Payments	—		153,905		—		153,905
Fraud Management	47,421		—		—		47,421
Real-Time Payments	104,777		—		—		104,777
Issuing and Acquiring	450,883		—		—		450,883
Total	$	638,585	$	153,905	$	629,411	$	1,421,901

	Year Ended December 31, 2021
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	592,485	$	592,485
Digital Business Banking	60,398		—		—		60,398
Merchant Payments	—		152,988		—		152,988
Fraud Management	43,704		—		—		43,704
Real-Time Payments	77,922		—		—		77,922
Issuing and Acquiring	443,101		—		—		443,101
Total	$	625,125	$	152,988	$	592,485	$	1,370,598

	Year Ended December 31, 2020
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	586,482	$	586,482
Digital Business Banking	75,475		—		—		75,475
Merchant Payments	—		149,342		—		149,342
Fraud Management	32,942		—		—		32,942
Real-Time Payments	80,654		—		—		80,654
Issuing and Acquiring	369,427		—		—		369,427
Total	$	558,498	$	149,342	$	586,482	$	1,294,322

The following is revenue by the Company's reportable segments for the periods indicated (in thousands):


	Year Ended December 31,
	2022		2021		2020
Banks
Software as a service and platform as a service	$	48,932	$	57,339	$	69,254
License	336,028		310,758		232,143
Maintenance	184,017		193,332		194,400
Services	69,608		63,696		62,701
Total	$	638,585	$	625,125	$	558,498
Merchants
Software as a service and platform as a service	$	124,631	$	124,933	$	113,854
License	12,106		9,015		14,659
Maintenance	15,934		16,846		16,981
Services	1,234		2,194		3,848
Total	$	153,905	$	152,988	$	149,342
Billers
Software as a service and platform as a service	$	629,317	$	592,070	$	586,072
License	—		94		94
Maintenance	94		321		316
Services	—		—		—
Total	$	629,411	$	592,485	$	586,482

The following is the Company's revenue by geographic location for the periods indicated (in thousands):


	Year Ended December 31,
	2022		2021		2020
Revenue
United States	$	851,712	$	869,081	$	830,511
Other	570,189		501,517		463,811
Total	$	1,421,901	$	1,370,598	$	1,294,322

Summary of Long-lived Assets by Geographic Location

The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):


	December 31,
	2022		2021
Long-lived Assets
United States	$	1,286,505	$	1,425,391
Other	754,847		745,138
Total	$	2,041,352	$	2,170,529

Income Taxes - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Operating Loss Carryforwards:
Withholding tax liability	$ 27,432	$ 18,356
Tax credits	18,497	37,672
Income Tax Uncertainties:
Deferred tax liability undistributed earnings of foreign subsidiaries	1,300	1,500
Unrecognized tax benefit	26,408	24,510	$ 24,310	$ 29,000
Net unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate	25,000	23,500
Decrease in unrecognized tax benefits due to the settlement of various audits and the expiration of statutes of limitations	4,600
Accrued interest and penalties related to income tax liabilities	600	1,100
Aggregate amount of interest and penalties expense (benefit) recorded in the statement of operations	(500)	(100)	$ 100
INDIA
Income Tax Uncertainties:
Undistributed earnings	37,800
Non-US, Excluding India
Income Tax Uncertainties:
Undistributed earnings	26,100
Revision of Prior Period, Reclassification, Adjustment
Operating Loss Carryforwards:
Withholding tax liability		18,400
Previously Reported
Operating Loss Carryforwards:
Tax credits		18,400
Other Noncurrent Liabilities
Income Tax Uncertainties:
Unrecognized tax benefit	19,900	$ 16,900
Domestic Federal
Operating Loss Carryforwards:
Operating loss carryforwards	53,200
Operating loss carryforwards, not subject to expiration	2,900
Domestic Federal \| General Business Tax Credit Carryforward
Tax Credit Carryforward:
Tax credit carryforward	20,500
State
Operating Loss Carryforwards:
Operating loss carryforwards, deferred tax asset, subject to expiration	700
Operating loss carryforwards, valuation allowance	600
State \| General Business Tax Credit Carryforward
Tax Credit Carryforward:
Tax credit carryforward	700
Foreign
Operating Loss Carryforwards:
Operating loss carryforwards	17,300
Operating loss carryforwards, not subject to expiration	17,000
Operating loss carryforwards, valuation allowance	$ 100
Operating loss carryforwards, expiration period	7 years
Tax Credit Carryforward:
Tax credit carryforward	$ 2,100
Tax credit carryforward, valuation allowance	2,100
Other Foreign Jurisdiction
Tax Credit Carryforward:
Tax credit carryforward	2,300
Tax credit carryforward, valuation allowance	1,200
Tax credit carryforward, not subject to expiration	$ 1,200
Tax credit carryforward, expiration period	7 years

Segment Information

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Segment Information

The Company reports financial performance based on its operating segments, Banks, Merchants, and Billers, and analyzes Segment Adjusted EBITDA as a measure of segment profitability.

The Company’s Chief Executive Officer is also CODM. The CODM, together with other senior management personnel, focus their review on consolidated financial information and the allocation of resources based on operating results, including revenues and Segment Adjusted EBITDA, for each segment, separate from corporate operations. No operating segments have been aggregated to form the reportable segments.

Banks. ACI provides payment solutions to large and mid-size banks globally for retail banking, real time, digital, and other payment services. These solutions transform banks’ complex payment environments to speed time to market, reduce costs, and deliver a consistent experience to customers across channels while enabling them to prevent and rapidly react to fraudulent activity. In addition, they enable banks to meet the requirements of different real-time payments schemes and to quickly create differentiated products to meet consumer, business, and merchant demands.

Merchants. ACI’s support of merchants globally includes Tier 1 and Tier 2 merchants, online-only merchants and the payment service providers, independent selling organizations, value-added resellers, and acquirers who service them. These customers operate in a variety of verticals, including general merchandise, grocery, hospitality, dining, transportation, and others. The Company's solutions provide merchants with a secure, omni-channel payments platform that gives them independence from third-party payment providers. They also offer secure solutions to online-only merchants that provide consumers with a convenient and seamless way to shop.

Billers. Within the billers segment, ACI provides electronic bill presentment and payment (“EBPP”) services to companies operating in the consumer finance, insurance, healthcare, higher education, utility, government, and mortgage categories. The solutions enable these customers to support a wide range of payment options and provide a convenient consumer payments experience that drives consumer loyalty and increases revenue.

Revenue is attributed to the reportable segments based upon customer. Expenses are attributed to the reportable segments in one of three methods, (1) direct costs of the segment, (2) labor costs that can be attributed based upon time tracking for individual projects, or (3) costs that are allocated. Allocated costs are generally marketing and sales related activities.

Segment Adjusted EBITDA is the measure reported to the CODM for purposes of making decisions on allocating resources and assessing the performance of the Company’s segments, and therefore, Segment Adjusted EBITDA is presented in conformity with ASC 280, Segment Reporting. Segment Adjusted EBITDA is defined as earnings (loss) from operations before interest, income tax expense (benefit), depreciation and amortization (“EBITDA”) adjusted to exclude net other income (expense).

Corporate and unallocated expenses includes global facilities and information technology costs and long-term product roadmap expenses in addition to corporate overhead costs that are not allocated to reportable segments. The overhead costs relate to human resources, finance, legal, accounting, and merger and acquisition activity. These costs along with depreciation and amortization and stock-based compensation are not considered when management evaluates segment performance.

The following is selected financial data for the Company’s reportable segments for the periods indicated (in thousands):


	Years Ended December 31,
	2022		2021		2020
Revenues
Banks	$	638,585	$	625,125	$	558,498
Merchants	153,905		152,988		149,342
Billers	629,411		592,485		586,482
Total revenue	$	1,421,901	$	1,370,598	$	1,294,322
Segment Adjusted EBITDA
Banks	$	371,017	$	372,949	$	331,445
Merchants	49,029		54,266		53,383
Billers	107,371		129,048		135,144
Depreciation and amortization	(127,328)		(133,393)		(140,316)
Stock-based compensation expense	(29,753)		(27,242)		(29,602)
Corporate and unallocated expenses	(166,501)		(185,731)		(205,310)
Interest, net	(40,646)		(33,538)		(45,002)
Other, net	43,446		(1,294)		(1,116)
Income before income taxes	$	206,635	$	175,065	$	98,626

Assets are not allocated to segments, and the Company’s CODM does not evaluate operating segments using discrete asset information.

The following is revenue by primary solution category for the Company’s reportable segments for the periods indicated (in thousands):


	Year Ended December 31, 2022
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	629,411	$	629,411
Digital Business Banking	35,504		—		—		35,504
Merchant Payments	—		153,905		—		153,905
Fraud Management	47,421		—		—		47,421
Real-Time Payments	104,777		—		—		104,777
Issuing and Acquiring	450,883		—		—		450,883
Total	$	638,585	$	153,905	$	629,411	$	1,421,901

	Year Ended December 31, 2021
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	592,485	$	592,485
Digital Business Banking	60,398		—		—		60,398
Merchant Payments	—		152,988		—		152,988
Fraud Management	43,704		—		—		43,704
Real-Time Payments	77,922		—		—		77,922
Issuing and Acquiring	443,101		—		—		443,101
Total	$	625,125	$	152,988	$	592,485	$	1,370,598

	Year Ended December 31, 2020
	Banks		Merchants		Billers		Total
Primary Solution Categories
Bill Payments	$	—	$	—	$	586,482	$	586,482
Digital Business Banking	75,475		—		—		75,475
Merchant Payments	—		149,342		—		149,342
Fraud Management	32,942		—		—		32,942
Real-Time Payments	80,654		—		—		80,654
Issuing and Acquiring	369,427		—		—		369,427
Total	$	558,498	$	149,342	$	586,482	$	1,294,322

As discussed in Note 3, Divestiture, the Company divested its corporate online banking solution assets, which were included in the Digital Business Banking solution category.

The following is revenue by the Company's reportable segments for the periods indicated (in thousands):


	Year Ended December 31,
	2022		2021		2020
Banks
Software as a service and platform as a service	$	48,932	$	57,339	$	69,254
License	336,028		310,758		232,143
Maintenance	184,017		193,332		194,400
Services	69,608		63,696		62,701
Total	$	638,585	$	625,125	$	558,498
Merchants
Software as a service and platform as a service	$	124,631	$	124,933	$	113,854
License	12,106		9,015		14,659
Maintenance	15,934		16,846		16,981
Services	1,234		2,194		3,848
Total	$	153,905	$	152,988	$	149,342
Billers
Software as a service and platform as a service	$	629,317	$	592,070	$	586,072
License	—		94		94
Maintenance	94		321		316
Services	—		—		—
Total	$	629,411	$	592,485	$	586,482

The following is the Company's revenue by geographic location for the periods indicated (in thousands):


	Year Ended December 31,
	2022		2021		2020
Revenue
United States	$	851,712	$	869,081	$	830,511
Other	570,189		501,517		463,811
Total	$	1,421,901	$	1,370,598	$	1,294,322

The following is the Company’s long-lived assets by geographic location for the periods indicated (in thousands):


	December 31,
	2022		2021
Long-lived Assets
United States	$	1,286,505	$	1,425,391
Other	754,847		745,138
Total	$	2,041,352	$	2,170,529

No single customer accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2022, 2021, and 2020. No other country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2022, 2021, and 2020.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Audit Information	12 Months Ended
Audit Information	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Omaha, Nebraska

Income Taxes - Differences Between Income Tax Expense Computed at Statutory Federal Income Tax Rate and Per Consolidated Statements of Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Tax expense at federal rate of 21%	$ 43,393	$ 36,764	$ 20,711
State income taxes, net of federal benefit	2,351	4,816	321
Change in valuation allowance	71	1,228	2,459
Foreign tax rate differential	(12,949)	(5,376)	(1,809)
Unrecognized tax benefit increase (decrease)	2,039	858	(4,405)
Tax effect of foreign operations	15,336	16,151	11,373
Tax benefit of research & development	(3,365)	(4,123)	(2,173)
Performance-based compensation	2,266	(1,887)	(2,624)
Tax effect of divestiture	14,522	0	0
Other	794	(1,157)	2,113
Income tax provision	$ 64,458	$ 47,274	$ 25,966

Commitments and Contingencies - Additional Information (Details) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) lawsuit
Commitments and Contingencies Disclosure [Abstract]
Number of class action lawsuits filed \| lawsuit	7
Litigation settlement, establishment of fund	$ 5.0
Contingent consideration, liability	$ 1.5

Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2022

Earnings Per Share [Abstract]

Summary of Reconciliation of Weighted Average Share Amounts used to Compute Both Basic and Diluted Earnings Per Share

The following table reconciles the weighted average share amounts used to compute both basic and diluted earnings per share (in thousands):


	Years Ended December 31,
	2022	2021	2020
Weighted average shares outstanding:
Basic weighted average shares outstanding	113,700	117,407	116,397
Add: Dilutive effect of stock options, RSUs, and contingently issuable shares	538	1,240	1,682
Diluted weighted average shares outstanding	114,238	118,647	118,079

Income Taxes - Components of Income (Loss) Before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
United States	$ (11,751)	$ 69,817	$ 19,405
Foreign	218,386	105,248	79,221
Income before income taxes	$ 206,635	$ 175,065	$ 98,626

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

+ References

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+ Details

Software and Other Intangible Assets - Carrying Amount and Accumulated Amortization of Other Intangible Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 466,427	$ 531,801
Accumulated Amortization	(237,729)	(248,797)
Net Balance	228,698	283,004
Other intangible assets amortization expense	35,500	37,000	$ 37,100
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	444,749	507,962
Accumulated Amortization	(219,057)	(230,152)
Net Balance	225,692	277,810
Trademarks and trade names
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	21,678	23,839
Accumulated Amortization	(18,672)	(18,645)
Net Balance	$ 3,006	$ 5,194

Income Taxes

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Income Taxes

For financial reporting purposes, income (loss) before income taxes includes the following components (in thousands):


	Years Ended December 31,
	2022		2021		2020
United States	$	(11,751)	$	69,817	$	19,405
Foreign	218,386		105,248		79,221
Total	$	206,635	$	175,065	$	98,626

The expense (benefit) for income taxes consists of the following (in thousands):


	Years Ended December 31,
	2022		2021		2020
Federal
Current	$	7,064	$	3,994	$	(2,683)
Deferred	(353)		6,067		(3,477)
Total	6,711		10,061		(6,160)
State
Current	7,993		7,592		2,514
Deferred	(3,500)		(1,498)		(1,758)
Total	4,493		6,094		756
Foreign
Current	47,798		31,955		22,786
Deferred	5,456		(836)		8,584
Total	53,254		31,119		31,370
Total	$	64,458	$	47,274	$	25,966

Differences between the income tax expense computed at the statutory federal income tax rate and per the consolidated statements of operations are summarized as follows (in thousands):


	Years Ended December 31,
	2022		2021		2020
Tax expense at federal rate of 21%	$	43,393	$	36,764	$	20,711
State income taxes, net of federal benefit	2,351		4,816		321
Change in valuation allowance	71		1,228		2,459
Foreign tax rate differential	(12,949)		(5,376)		(1,809)
Unrecognized tax benefit increase (decrease)	2,039		858		(4,405)
Tax effect of foreign operations	15,336		16,151		11,373
Tax benefit of research & development	(3,365)		(4,123)		(2,173)
Performance-based compensation	2,266		(1,887)		(2,624)
Tax effect of divestiture	14,522		—		—
Other	794		(1,157)		2,113
Income tax provision	$	64,458	$	47,274	$	25,966

The countries having the greatest impact on the tax rate adjustment line shown in the above table as “Foreign tax rate differential” for the three years reported are Ireland, Singapore, and the United Kingdom.


	December 31,
	2022		2021
Deferred income tax assets:
Net operating loss carryforwards	$	16,763	$	18,826
Tax credits	18,497		37,672
Compensation	15,272		17,133
Deferred revenue	10,168		16,333
Operating lease	10,202		10,236
Capitalized research and development	23,891		—
Other	9,533		9,988
Gross deferred income tax assets	104,326		110,188
Less: valuation allowance	(11,384)		(11,324)
Net deferred income tax assets	$	92,942	$	98,864
Deferred income tax liabilities:
Depreciation and amortization	$	(33,692)	$	(41,465)
Operating lease right-of-use asset	(8,885)		(8,791)
Unbilled revenue	(9,566)		(15,596)
Withholding tax liability	(27,432)		(18,356)
Total deferred income tax liabilities	(79,575)		(84,208)
Net deferred income taxes	$	13,367	$	14,656
Deferred income taxes / liabilities included in the balance sheet are:
Deferred income tax asset – noncurrent	$	53,738	$	50,778
Deferred income tax liability – noncurrent	(40,371)		(36,122)
Net deferred income taxes	$	13,367	$	14,656

The deferred tax asset and liabilities disclosure above reflects a $18.4 million withholding tax liability reclass for the year ended December 31, 2021. Prior year reported $18.4 million related to withholding tax liability as Tax credits within the deferred tax asset section. This amount is now reported separately within the deferred tax liability section.

In assessing the realizability of deferred tax assets, the Company considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company considers projected future taxable income, carryback opportunities, and tax planning strategies in making this assessment. Based upon the level of historical taxable income and projections for future taxable income over the periods which the deferred tax assets are deductible, the Company believes it is more likely than not that it will realize the benefits of these deductible differences, net of the valuation allowances recorded.

At December 31, 2022, the Company had domestic federal tax net operating losses (“NOLs”) of $53.2 million, of which $2.9 million may be utilized over an indefinite life, with the remainder beginning to expire in 2023. The Company had deferred tax assets equal to $0.7 million related to domestic state tax NOLs which will begin to expire in 2023. The Company does not have any valuation allowance against the federal tax NOLs but has provided a $0.6 million valuation allowance against the deferred tax asset associated with the state NOLs. The Company had foreign tax NOLs of $17.3 million, of which $17.0 million may be utilized over an indefinite life, with the remainder expiring over the next seven years. The Company has provided a $0.1 million valuation allowance against the deferred tax asset associated with the foreign NOLs.

The Company had U.S. foreign tax credit carryforwards at December 31, 2022, of $2.1 million, for which a $2.1 million valuation allowance has been provided. The U.S. foreign tax credits will begin to expire in 2027. The Company had foreign tax credit carryforwards in other foreign jurisdictions at December 31, 2022, of $2.3 million, of which $1.2 million may be utilized over an indefinite life, with the remainder expiring over the next seven years. The Company has provided a $1.2 million valuation allowance against the tax benefit associated with these foreign credits. The Company also has domestic federal and state general business tax credit carryforwards at December 31, 2022, of $20.5 million and $0.7 million, respectively, which will begin to expire in 2023.

The Company has not provided deferred taxes on $37.8 million of unremitted earnings of its Indian subsidiaries that are considered permanently reinvested. The company has not estimated the deferred tax liability on these earnings as such estimation is not practicable to determine or is immaterial to the financial statements. As of December 31, 2022, deferred taxes for non-United States withholding and other taxes were provided on $26.1 million of unremitted earnings of non-United States subsidiaries that may be remitted to the United States. As of December 31, 2022 and 2021, we have recorded a deferred tax liability of $1.3 million and $1.5 million, respectively, related to these non-United States earnings that may be remitted.

The unrecognized tax benefit at December 31, 2022 and 2021, was $26.4 million and $24.5 million, respectively, of which $19.9 million and $16.9 million, respectively, are included in other noncurrent liabilities in the consolidated balance sheets. Of the total unrecognized tax benefit amounts at December 31, 2022 and 2021, $25.0 million and $23.5 million, respectively, represent the net unrecognized tax benefits that, if recognized, would favorably impact the effective income tax rate in the respective years.

A reconciliation of the beginning and ending amount of unrecognized tax benefits for the years ended December 31 is as follows (in thousands):


	2022		2021		2020
Balance of unrecognized tax benefits at beginning of year	$	24,510	$	24,310	$	29,000
Increases for tax positions of prior years	2,349		1,533		4,219
Decreases for tax positions of prior years	(3,659)		(65)		—
Increases for tax positions established for the current period	9,320		2,272		3,912
Decreases for settlements with taxing authorities	(63)		(620)		(285)
Reductions resulting from lapse of applicable statute of limitation	(5,833)		(2,876)		(12,630)
Adjustment resulting from foreign currency translation	(216)		(44)		94
Balance of unrecognized tax benefits at end of year	$	26,408	$	24,510	$	24,310

The Company files income tax returns in the U.S. federal jurisdiction, various state and local jurisdictions, and many foreign jurisdictions. The United States, Ireland, and the United Kingdom are the main taxing jurisdictions in which the Company operates. The years open for audit vary depending on the tax jurisdiction. In the United States, the Company’s federal tax return for years following 2018 are open for audit. In the foreign jurisdictions, the tax returns open for audit generally vary by jurisdiction between 2005 and 2021.

The Company’s Indian income tax returns covering fiscal years ended March 31, 2005, 2014, 2016 through 2018, and 2020 are under audit by the Indian tax authority. Other foreign subsidiaries could face challenges from various foreign tax authorities. It is not certain that the local authorities will accept the Company’s tax positions. The Company believes its tax positions comply with applicable tax law and intends to vigorously defend its positions. However, differing positions on certain issues could be upheld by tax authorities, which could adversely affect the Company’s financial condition and results of operations.

The Company believes it is reasonably possible that the total amount of unrecognized tax benefits will decrease within the next 12 months by approximately $4.6 million due to the settlement of various audits and the expiration of statutes of limitations. The Company accrues interest related to uncertain tax positions in interest expense or interest income and recognizes penalties related to uncertain tax positions in other income or other expense. As of December 31, 2022 and 2021, $0.6 million and $1.1 million, respectively, is accrued for the payment of interest and penalties related to income tax liabilities. The aggregate amount of interest and penalties expense (benefit) recorded in the statements of operations for the years ended December 31, 2022, 2021, and 2020, was $(0.5) million, $(0.1) million, and $0.1 million, respectively.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-URI https://asc.fasb.org/topic&trid=2144680

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-Paragraph 2
-Subparagraph (a)
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-Name Accounting Standards Codification
-Topic 235
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-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-URI https://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

+ Details

Divestiture (Details) - USD ($) $ in Millions	12 Months Ended
Divestiture (Details) - USD ($) $ in Millions	Dec. 31, 2022	Jun. 07, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Transition services agreement, migration period	18 months
Discontinued Operations, Disposed of by Sale \| One Equity Partners
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Divestiture consideration received		$ 100.1
Net after-tax gain sale	$ 38.5

Debt (Tables)

12 Months Ended

Dec. 31, 2022

Debt Disclosure [Abstract]

Summary of Maturities on Debt Outstanding

Maturities on debt outstanding at December 31, 2022, are as follows (in thousands):


Fiscal Year Ending December 31,
2023	$	69,906
2024	627,823
2025	—
2026	400,000
2027	—
Thereafter	—
Total	$	1,097,729

Summary of Total Debt

Total debt is comprised of the following (in thousands):


	December 31,
	2022		2021
Term loans	$	592,729	$	678,160
Revolving credit facility	105,000		—
5.750% Senior Notes, due August 2026	400,000		400,000
Debt issuance costs	(7,857)		(12,418)
Total debt	1,089,872		1,065,742
Less: current portion of term loans	69,906		50,431
Less: current portion of debt issuance costs	(4,385)		(4,561)
Total long-term debt	$	1,024,351	$	1,019,872

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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-Paragraph 1
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-Subparagraph (SX 210.12-04(a))
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+ Details

CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 3,779	$ 2,861
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.005	$ 0.005
Common stock, shares authorized (in shares)	280,000,000	280,000,000
Common stock, shares issued (in shares)	140,525,055	140,525,055
Treasury stock, shares (in shares)	32,456,227	24,795,009

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred income tax assets:
Net operating loss carryforwards	$ 16,763	$ 18,826
Tax credits	18,497	37,672
Compensation	15,272	17,133
Deferred revenue	10,168	16,333
Operating lease	10,202	10,236
Capitalized research and development	23,891	0
Other	9,533	9,988
Gross deferred income tax assets	104,326	110,188
Less: valuation allowance	(11,384)	(11,324)
Net deferred income tax assets	92,942	98,864
Deferred income tax liabilities:
Depreciation and amortization	(33,692)	(41,465)
Operating lease right-of-use asset	(8,885)	(8,791)
Unbilled revenue	(9,566)	(15,596)
Withholding tax liability	(27,432)	(18,356)
Total deferred income tax liabilities	(79,575)	(84,208)
Net deferred income taxes	13,367	14,656
Deferred income taxes / liabilities included in the balance sheet are:
Deferred income tax asset – noncurrent	53,738	50,778
Deferred income tax liability – noncurrent	(40,371)	(36,122)
Net deferred income taxes	$ 13,367	$ 14,656

Stock-Based Compensation Plans - Additional Information (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Jun. 09, 2020	Dec. 31, 2016	Dec. 31, 2005
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense	$ 29,753,000	$ 27,242,000	$ 29,602,000
Stock-based compensation expense, tax benefits	4,500,000	3,900,000	5,400,000
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of stock options exercised	$ 2,900,000	11,400,000	19,500,000
Stock Options \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award	1 year
Stock Options \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Term of award	10 years
LTIP Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		400,000
Stock based compensation awards, award payout range, maximum	200.00%
LTIP Performance Shares \| Minimum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	1 year
LTIP Performance Shares \| Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Total Shareholder Return Awards (TSRs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	3 years
Stock based compensation awards, award payout range, maximum	200.00%
Vesting period	3 years
Stock based compensation awards, award payout range, minimum	0.00%
Number of shares vested (in shares)	212,210
Performance shares payout rate	65.00%
Shares withheld to pay employees' portion of minimum payroll withholding taxes (in shares)	47,612
Unrecognized compensation costs	$ 13,900,000
Unrecognized compensation costs, weighted average recognition periods	1 year 10 months 24 days
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	3 years
Number of shares vested (in shares)	534,759
Shares withheld to pay employees' portion of minimum payroll withholding taxes (in shares)	164,853
Requisite service period	3 years
Award vesting rights, incremental vesting percentage on anniversary of grant date	100.00%
Unrecognized compensation costs	$ 24,900,000
Unrecognized compensation costs, weighted average recognition periods	2 years
Restricted Stock Units (RSUs) \| Board Member
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period	1 year
2017 Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum number of shares of common stock reserved for issuance (in shares)	3,000,000
Purchase of common stock under the plan, employee annual base compensation, amount	$ 25,000
Purchase of common stock under the plan, employee annual base compensation, percentage	10.00%
Price of common stock purchased under ESPP, percentage	85.00%
Discount offered pursuant to ESPP, percentage	15.00%
Stock-based compensation expense	$ 600,000	$ 600,000	$ 700,000
2020 Equity and Incentive Compensation Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares available for grant (in shares)				6,658,754
2016 Equity and Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance (in shares)					8,000,000
2005 Equity and Performance Incentive Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of common stock reserved for issuance (in shares)						23,250,000

Revenue - Allowance for Doubtful Accounts Receivable (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of period	$ (2,861)	$ (3,912)	$ (5,149)
Provision (increase) decrease	(1,496)	1,125	374
Amounts written off, net of recoveries	389	(82)	941
Foreign currency translation adjustments and other	189	8	(78)
Balance, end of period	$ (3,779)	$ (2,861)	$ (3,912)

Stock-Based Compensation Plans - Nonvested TSRs (Details) - Total Shareholder Return Awards (TSRs)	12 Months Ended
	Dec. 31, 2022 $ / shares shares
Number of Shares
Nonvested, beginning balance (in shares) \| shares	1,154,721
Granted (in shares) \| shares	520,020
Vested (in shares) \| shares	(212,210)
Forfeited (in shares) \| shares	(336,295)
Change in payout rate (in shares) \| shares	(114,355)
Nonvested, ending balance (in shares) \| shares	1,011,881
Weighted Average Grant Date Fair Value
Nonvested, beginning balance (in dollars per share) \| $ / shares	$ 40.10
Granted (in dollars per share) \| $ / shares	42.99
Vested (in dollars per share) \| $ / shares	45.86
Forfeited (in dollars per share) \| $ / shares	41.62
Change in payout rate (in dollars per share) \| $ / shares	45.92
Nonvested, ending balance (in dollars per share) \| $ / shares	$ 39.21