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ebix-20150331

Document and Entity Information Document	3 Months Ended
Document and Entity Information Document	Mar. 31, 2015	May 08, 2015
Document and Entity Information [Abstract]
Document Period End Date	Mar. 31, 2015
Entity Registrant Name	EBIX INC
Entity Central Index Key	0000814549
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	false
Entity Common Stock, Shares Outstanding		34,982,048dei_EntityCommonStockSharesOutstanding

Condensed Consolidated Statements of Income (Unaudited) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Operating revenue	$ 63,753us-gaap_SalesRevenueNet	$ 51,404us-gaap_SalesRevenueNet
Operating expenses:
Cost of services provided	19,485us-gaap_CostOfServices	9,612us-gaap_CostOfServices
Product development	7,047us-gaap_ResearchAndDevelopmentExpense	6,693us-gaap_ResearchAndDevelopmentExpense
Sales and marketing	3,379us-gaap_SellingAndMarketingExpense	3,301us-gaap_SellingAndMarketingExpense
General and administrative	10,746us-gaap_GeneralAndAdministrativeExpense	9,841us-gaap_GeneralAndAdministrativeExpense
Amortization and depreciation	2,597	2,552
Total operating expenses	43,254us-gaap_OperatingExpenses	31,999us-gaap_OperatingExpenses
Operating income	20,499us-gaap_OperatingIncomeLoss	19,405us-gaap_OperatingIncomeLoss
Interest income	61us-gaap_InvestmentIncomeInterest	135us-gaap_InvestmentIncomeInterest
Interest expense	(719)us-gaap_InterestExpense	(247)us-gaap_InterestExpense
Non-operating (loss)/income - put options	0us-gaap_OtherNonoperatingIncomeExpense	454us-gaap_OtherNonoperatingIncomeExpense
Foreign currency exchange gain (loss)	892	(119)
Income before income taxes	20,733	19,628
Income tax expense	(2,397)us-gaap_IncomeTaxExpenseBenefit	(4,211)us-gaap_IncomeTaxExpenseBenefit
Net income	$ 18,336us-gaap_NetIncomeLoss	$ 15,417us-gaap_NetIncomeLoss
Basic earnings per common share	$ 0.51us-gaap_EarningsPerShareBasic	$ 0.40us-gaap_EarningsPerShareBasic
Diluted earnings per common share	$ 0.51us-gaap_EarningsPerShareDiluted	$ 0.40us-gaap_EarningsPerShareDiluted
Basic weighted average shares outstanding	35,708	38,318
Diluted weighted average shares outstanding	35,954	38,600

Condensed Consolidated Statements of Comprehensive Income (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net income	$ 18,336us-gaap_NetIncomeLoss	$ 15,417us-gaap_NetIncomeLoss
Other comprehensive income (loss):
Foreign currency translation adjustments	(5,400)	1,128
Total other comprehensive income (loss)	(5,400)	1,128
Comprehensive income	$ 12,936us-gaap_ComprehensiveIncomeNetOfTax	$ 16,545us-gaap_ComprehensiveIncomeNetOfTax

- Definition

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

+ References+ Details

Condensed Consolidated Balance Sheets (Unaudited) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 27,197	$ 52,300
Short-term investments	265us-gaap_ShortTermInvestments	281us-gaap_ShortTermInvestments
Trade accounts receivable, less allowances of $1,529 and $1,619, respectively	44,869us-gaap_AccountsReceivableNetCurrent	41,100us-gaap_AccountsReceivableNetCurrent
Deferred tax asset, net	2,021us-gaap_DeferredTaxAssetsNetCurrent	2,113us-gaap_DeferredTaxAssetsNetCurrent
Other current assets	8,643us-gaap_OtherAssetsCurrent	8,067us-gaap_OtherAssetsCurrent
Total current assets	82,995us-gaap_AssetsCurrent	103,861us-gaap_AssetsCurrent
Property and equipment, net	28,121us-gaap_PropertyPlantAndEquipmentNet	24,661us-gaap_PropertyPlantAndEquipmentNet
Goodwill	399,408us-gaap_Goodwill	402,220us-gaap_Goodwill
Intangibles, net	46,875us-gaap_FiniteLivedIntangibleAssetsNet	49,371us-gaap_FiniteLivedIntangibleAssetsNet
Indefinite-lived intangibles	30,887	30,887
Deferred tax asset, net	19,203us-gaap_DeferredTaxAssetsNet	18,758us-gaap_DeferredTaxAssetsNet
Other assets	5,739us-gaap_OtherAssetsNoncurrent	4,553us-gaap_OtherAssetsNoncurrent
Total assets	613,228us-gaap_Assets	634,311us-gaap_Assets
Current liabilities:
Accounts payable and accrued liabilities	18,471	40,121
Accrued payroll and related benefits	4,554	5,280
Current portion of long term debt and capital lease obligations, net of discount of $0 and $7, respectively	631	936
Current deferred rent	282us-gaap_DeferredRentCreditCurrent	268us-gaap_DeferredRentCreditCurrent
Contingent liability for accrued earn-out acquisition consideration	887	887
Deferred revenue	22,858us-gaap_DeferredRevenueCurrent	22,192us-gaap_DeferredRevenueCurrent
Other current liabilities	102us-gaap_OtherLiabilitiesCurrent	102us-gaap_OtherLiabilitiesCurrent
Total current liabilities	47,785us-gaap_LiabilitiesCurrent	69,786us-gaap_LiabilitiesCurrent
Revolving line of credit	135,465us-gaap_LongTermLineOfCredit	120,465us-gaap_LongTermLineOfCredit
Long term debt and capital lease obligations, less current portion, net of discount of $7	593	593
Other liabilities	2,449us-gaap_OtherLiabilitiesNoncurrent	2,179us-gaap_OtherLiabilitiesNoncurrent
Contingent liability for accrued earn-out acquisition consideration	4,443	4,480
Deferred revenue	1,837us-gaap_DeferredRevenueNoncurrent	2,496us-gaap_DeferredRevenueNoncurrent
Long term deferred rent	1,962us-gaap_DeferredRentCreditNoncurrent	2,091us-gaap_DeferredRentCreditNoncurrent
Total liabilities	194,534us-gaap_Liabilities	202,090us-gaap_Liabilities
Commitments and Contingencies
Stockholders’ equity:
Preferred stock, $0.10 par value, 500,000 shares authorized, no shares issued and outstanding at March 31, 2015 and December 31, 2014	0us-gaap_PreferredStockValue	0us-gaap_PreferredStockValue
Common stock, $0.10 par value, 60,000,000 shares authorized, 35,271,413 issued and outstanding, respectively, at March 31, 2015 and 36,232,074 issued and 36,191,565 outstanding at December 31, 2014	3,527us-gaap_CommonStockValue	3,619us-gaap_CommonStockValue
Additional paid-in capital	113,383us-gaap_AdditionalPaidInCapital	137,101us-gaap_AdditionalPaidInCapital
Treasury stock (no shares as of March 31, 2015 and 40,509 shares as of December 31, 2014)	0us-gaap_TreasuryStockValue	(76)us-gaap_TreasuryStockValue
Retained earnings	325,333	309,726
Accumulated other comprehensive loss	(23,549)	(18,149)
Total stockholders’ equity	418,694us-gaap_StockholdersEquity	432,221us-gaap_StockholdersEquity
Total liabilities and stockholders’ equity	$ 613,228	$ 634,311

Condensed Consolidated Balance Sheets (Parentheticals) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Allowance for doubtful accounts	$ 1,529	$ 1,619
Unamortized debt discount, current	0	7
Unamortized debt discount, noncurrent	$ 7	$ 7
Stockholders' Equity Note [Abstract]
Common stock, shares issued	35,271,413us-gaap_CommonStockSharesIssued	36,232,074us-gaap_CommonStockSharesIssued
Common stock, shares outstanding	35,271,413us-gaap_CommonStockSharesOutstanding	36,191,565us-gaap_CommonStockSharesOutstanding
Treasury stock, shares	0us-gaap_TreasuryStockShares	40,509us-gaap_TreasuryStockShares
Preferred stock, shares outstanding	0us-gaap_PreferredStockSharesOutstanding	0us-gaap_PreferredStockSharesOutstanding
Common stock, par value (per share)	$ 0.10	$ 0.10
Common stock, shares authorized	60,000,000us-gaap_CommonStockSharesAuthorized	60,000,000us-gaap_CommonStockSharesAuthorized
Preferred stock, shares issued	0us-gaap_PreferredStockSharesIssued	0us-gaap_PreferredStockSharesIssued
Preferred stock, shares authorized	500,000us-gaap_PreferredStockSharesAuthorized	500,000us-gaap_PreferredStockSharesAuthorized
Preferred stock, par value (per share)	$ 0.10	$ 0.10

Condensed Consolidated Statement of Stockholders' Equity (Unaudited) (USD $)	Total	Common Stock	Treasury Stock	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning Balance, Value at Dec. 31, 2014	$ 432,221,000us-gaap_StockholdersEquity	$ 3,619,000	$ (76,000)	$ 137,101,000	$ 309,726,000	$ (18,149,000)
Beginning Balance, Issued Shares at Dec. 31, 2014	36,232,074us-gaap_CommonStockSharesIssued	36,232,074
Beginning Balance, Treasury Shares at Dec. 31, 2014			(40,509)
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation	31,000			31,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	18,336,000us-gaap_NetIncomeLoss				18,336,000
Cumulative translation adjustment	(5,400,000)					(5,400,000)
Repurchase and retirement of common stock, Shares		(994,869)
Repurchase and retirement of common stock, Value	(24,223,000)	(100,000)		(24,123,000)
Vesting of restricted stock, Shares		55,802
Vesting of restricted stock, Value	0	6,000		(6,000)
Exercise of stock options, Shares		56,250
Exercise of stock options, Value	1,117,000	6,000		1,111,000
Share based compensation	458,000			458,000
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Shares		(37,335)
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(1,117,000)	(4,000)		(1,113,000)
Treasury Stock, Shares, Retired		(40,509)	40,509
Treasury Stock, Retired, Cost Method, Amount	0		76,000	(76,000)
Dividends paid	(2,729,000)us-gaap_DividendsCash				(2,729,000)
Ending Balance, Value at Mar. 31, 2015	$ 418,694,000us-gaap_StockholdersEquity	$ 3,527,000	$ 0	$ 113,383,000	$ 325,333,000	$ (23,549,000)
Ending Balance, Issued Shares at Mar. 31, 2015	35,271,413us-gaap_CommonStockSharesIssued	35,271,413
Ending Balance, Treasury Shares at Mar. 31, 2015			0

Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Document Period End Date	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 18,336us-gaap_NetIncomeLoss	$ 15,417us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,597	2,552
Benefit for deferred taxes	(161)	(441)
Share based compensation	458us-gaap_ShareBasedCompensation	395us-gaap_ShareBasedCompensation
Provision for doubtful accounts	9us-gaap_ProvisionForDoubtfulAccounts	353us-gaap_ProvisionForDoubtfulAccounts
Debt discount amortization on convertible debt	7	10
Unrealized foreign exchange (gain)	(672)	216
(Gain) loss on put option	0us-gaap_GainLossOnSaleOfDerivatives	(454)us-gaap_GainLossOnSaleOfDerivatives
Reduction of acquisition earnout accruals	0	(1,762)
Changes in assets and liabilities, net of effects from acquisitions:
Accounts receivable	(4,689)	(4,716)
Other assets	(1,250)	576
Accounts payable and accrued expenses	(21,215)	(65)
Accrued payroll and related benefits	(564)	1,029
Deferred revenue	308	(2)
Deferred rent	(68)	(163)
Unrecognized tax benefits, period increase (decrease)	87	2,133
Loss Contingency Accrual, Period Increase (Decrease)	(690)	(4,218)
Other current liabilities	165	(56)
Net cash provided by operating activities	(7,342)	10,804
Cash flows from investing activities:
Purchases of marketable securities	0	(10)
Capital expenditures	(5,778)	(413)
Net cash used in investing activities	(6,778)	(420)
Cash flows from financing activities:
Proceeds from / (Repayments) of Lines of Credit	15,000us-gaap_RepaymentsOfLinesOfCredit	0us-gaap_RepaymentsOfLinesOfCredit
Principal payments of term loan obligation	0us-gaap_RepaymentsOfOtherLongTermDebt	(2,406)us-gaap_RepaymentsOfOtherLongTermDebt
Repurchases of common stock	(22,282)	(2,234)
Excess tax benefit from share-based compensation	31	(3,200)
Proceeds from the exercise of stock options	1,117	788
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested	(1,117)	(25)
Dividend payments	(2,729)us-gaap_PaymentsOfDividends	(2,896)us-gaap_PaymentsOfDividends
Principal payments of debt obligations	(12)us-gaap_RepaymentsOfLongTermDebt	(9)us-gaap_RepaymentsOfLongTermDebt
Payments of capital lease obligations	0	(56)
Net cash used in financing activities	(9,992)	(10,038)
Effect of foreign exchange rates on cash	(991)	708
Net change in cash and cash equivalents	(25,103)	1,054
Cash and cash equivalents at the beginning of the period	52,300	56,674
Cash and cash equivalents at the end of the period	27,197	57,728
Supplemental disclosures of cash flow information:
Interest paid	2,335us-gaap_InterestPaidNet	208us-gaap_InterestPaidNet
Income taxes paid	20,163us-gaap_IncomeTaxesPaidNet	3,087us-gaap_IncomeTaxesPaidNet
Via Media Health [Member]
Cash flows from investing activities:
Acquisition of business, net of cash acquired	(1,000)	0
Curepet, Inc. [Member]
Cash flows from investing activities:
Acquisition of business, net of cash acquired	$ 0	$ 3

Condensed Consolidated Statements of Cash Flows (Unaudited) Supplemental schedule of noncash financing activities (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
Derivative Liability	$ 5,330,000us-gaap_DerivativeLiabilities
Document Period End Date	Mar. 31, 2015
Forfeiture of certain shares to satisfy exercise costs and the recipients income tax obligations related to stock options exercised and restricted stock vested, Value	1,117,000
Common Stock Repurchase not settled, Shares	64,893
Common Stock Repurchase not settled, Value	1,942,000
Curepet, Inc. [Member]
Derivative Liability	0
Curepet, Inc. [Member]
Derivative Liability	$ 0

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

Description of Business and Summary of Significant Accounting Policies

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Description of Business and Summary of Significant Accounting Policies

Description of Business— Ebix, Inc. and subsidiaries (“Ebix” or the “Company”) is an international supplier of on-demand software and e-commerce solutions to the insurance industry. Ebix provides various application software products for the insurance industry ranging from data exchanges, carrier systems, and agency systems, to custom software development for business entities across the insurance industry. The Company's products feature fully customizable and scalable on-demand software applications designed to streamline the way insurance professionals manage distribution, marketing, sales, customer service, and accounting activities. The Company has its headquarters in Atlanta, Georgia and also conducts operating activities in Australia, Canada, India, New Zealand, Singapore, United Kingdom and Brazil. International revenue accounted for 23.9% and 32.3% of the Company’s total revenue for the three months ended March 31, 2015 and 2014, respectively.

The Company’s revenues are derived from four product/service groups. Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the three months ended March 31, 2015 and 2014.



	Three Months Ended
	March 31,
(dollar amounts in thousands)	2015		2014
Exchanges	$	46,678	$	42,105
Broker Systems	3,736		4,486
Risk Compliance Solutions (“RCS”)	12,175		3,425
Carrier Systems	1,164		1,388
Totals	$	63,753	$	51,404

Summary of Significant Accounting Policies

Basis of Presentation—The accompanying unaudited condensed consolidated financial statements and these notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") with the effect of inter-company balances and transactions eliminated. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP and SEC rules have been condensed or omitted as permitted by and pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. These unaudited condensed consolidated financial statements contain adjustments (consisting only of normal recurring items) necessary to fairly present the consolidated financial position of the Company and its consolidated results of operations and cash flows. Operating results for the three months ended March 31, 2015 and 2014 are not necessarily indicative of the results that may be expected for future quarters or the full year of 2015. The condensed consolidated December 31, 2014 balance sheet included in this interim period filing has been derived from the audited financial statements at that date but does not necessarily include all of the information and related notes required by GAAP for complete financial statements. These condensed interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Reclassification—The change in reserve for potential uncertain income tax return positions had been previously netted against the provision for deferred taxes line in the consolidated statements of cash flows, it is now shown separately. Also, beginning in 2014 the Company has applied the new provisions under Financial Accounting Standard ("FAS") update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists and as more fully described in Note 6 "Income Taxes". A portion of potential uncertain income tax return positions previously reported in "Other Liabilities" on the condensed consolidated balance sheets are now netted against the "Deferred tax asset, net" line in the long term asset section of the condensed consolidated balance sheets.

Advertising—With the exception of certain direct-response costs, advertising costs are expensed as incurred. Advertising costs amounted to $496 thousand and $121 thousand in Q1 2015 and 2014, respectively, and are included in sales and marketing expenses in the accompanying Condensed Consolidated Statements of Income. Sales and marketing expenses have been reduced in Q1 2015 as a result of the deferment of (net of amortization) $1.2 million of certain direct-response advertising costs associated with our recent acquisition of Oakstone, which have been capitalized in accordance with Accounting Standards Codification ("ASC") Topic 340. These costs are being amortized to expense over periods ranging from twelve to twenty-four months based on the type of product the customer purchases.

Fair Value of Financial Instrument—The Company follows the relevant GAAP guidance concerning fair value measurements which provides a consistent framework to define, measure, and disclose the fair value of assets and liabilities in financial statements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction. This guidance establishes a three-level hierarchy priority for disclosure of assets and liabilities recorded at fair value. The ordering of priority reflects the degree to which objective data from external active markets are available to measure fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable.


•	Level 1 Inputs - Unadjusted quoted prices available in active markets for identical investments to the reporting entity at the measurement date


•	Level 2 Inputs - Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.


•	Level 3 Inputs - Unobservable inputs, which are used to the extent that observable inputs are not available, and used in situations where there is little or no market activity for the asset or liability and wherein the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

As of March 31, 2015 the Company had the following financial instruments to which it had to consider fair values and had to make fair assessments:


•	Short-term investments for which the fair values are measured as a Level 1 instrument.

•

Contingent accrued earn-out business acquisition consideration liabilities for which fair values are measured as Level 3 instruments. These contingent consideration liabilities were recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary. The increases or decreases in the fair value of contingent consideration payable can result from changes in anticipated revenue levels and changes in assumed discount periods and rates. As the fair value measure is based on significant inputs that are not observable in the market, they are categorized as Level 3.

Other financial instruments not measured at fair value on the Company's unaudited condensed consolidated balance sheet at March 31, 2015 but which require disclosure of their fair values include: cash and cash equivalents, accounts receivable, accounts payable and accrued expenses, accrued payroll and related benefits, capital lease obligations, and debt under the revolving line of credit with Regions Financial Corporation. The Company believes that the estimated fair value of such instruments at March 31, 2015 and December 31, 2014, approximates their carrying value as reported on the unaudited Condensed Consolidated Balance Sheet.

Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables:



	Fair Values at Reporting Date Using*
Descriptions	Balance, March 31, 2015		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	265	$	265	$	—	$	—
Total assets measured at fair value	$	265	$	265	$	—	$	—

Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,330		—		—		5,330
Total liabilities measured at fair value	$	5,330	$	—	$	—	$	5,330

(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the three months ended March 31, 2015 there were no transfers between fair value Levels 1, 2 or 3.



	Fair Values at Reporting Date Using*
Descriptions	Balance, December 31, 2014		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	281	281		$	—	$	—
Total assets measured at fair value	$	281	$	281	$	—	$	—

Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,367		—		—		5,367
Total liabilities measured at fair value	$	5,367	$	—	$	—	$	5,367

(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the twelve months ended December 31, 2014 there were no transfers between fair value Levels 1, 2 or 3.

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2015 and during the year ended December 31, 2014:



Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition Consideration	Balance, March 31, 2015			Balance, December 31, 2014
	(in thousands)

Beginning balance	$	5,367		$	14,420

Total remeasurement adjustments:
(Gains) or losses included in earnings **	—			(10,237		)
Foreign currency translation adjustments ***	(37		)	(314		)

Acquisitions and settlements
Business acquisitions	—			4,312
Settlement payments	—			(2,814		)

Ending balance	$	5,330		$	5,367

The amount of total (gains) or losses for the period included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at period-end.	$	—		$	(8,911	)

** recorded as an adjustment to reported general and administrative expenses
*** recorded as a component of other comprehensive income within stockholders' equity

Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:

Sensitivity to Changes in Significant Unobservable Inputs

As presented in the table above, the significant unobservable inputs used in the fair value measurement of contingent consideration related to business acquisitions are projected revenue forecasts as developed by the relevant members of Company's management team and the probability of achievement of those revenue forecasts. The discount rate used in these calculations is 1.75%. Significant increases (decreases) in these unobservable inputs in isolation would result in a significantly higher (lower) fair value measurement.

Revenue Recognition—The Company derives its revenues primarily from subscription and transaction fees pertaining to services delivered over our exchanges or from our ASP platforms, fees for risk compliance solution services, and fees for software development projects including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. Sales and value-added taxes are not included in revenues, but rather are recorded as a liability until the taxes assessed are remitted to the respective taxing authorities.

In accordance with Financial Accounting Standard Board (“FASB”) and SEC accounting guidance on revenue recognition, the Company considers revenue earned and realizable when: (a) persuasive evidence of the sales arrangement exists, provided that the arrangement fee is fixed or determinable, (b) delivery or performance has occurred, (c) customer acceptance has been received or is assured, if contractually required, and (d) collectability of the arrangement fee is probable. The Company uses signed contractual agreements as persuasive evidence of a sales arrangement. We apply the provisions of the relevant generally accepted accounting principles related to all transactions involving the license of software where the software deliverables are considered more than inconsequential to the other elements in the arrangement.

For contracts that contain multiple deliverables, we analyze the revenue arrangements in accordance with the relevant technical accounting guidance, which provides criteria governing how to determine whether goods or services that are delivered separately in a bundled sales arrangement should be considered as separate units of accounting for the purpose of revenue recognition. These types of arrangements include deliverables pertaining to software licenses, system set-up, and professional services associated with product customization or modification. Delivery of the various contractual elements typically occurs over periods of less than eighteen months. These arrangements generally do not have refund provisions or have very limited refund terms.

Software development arrangements involving significant customization, modification or production are accounted for in accordance with the appropriate technical accounting guidance issued by FASB using the percentage-of-completion method. The Company recognizes revenue using periodic reported actual hours worked as a percentage of total expected hours required to complete the project arrangement and applies the percentage to the total arrangement fee.

Accounts Receivable and the Allowance for Doubtful Accounts Receivable—Reported accounts receivable include $33.8 million of trade receivables stated at invoice billed amounts net of the estimated allowance for doubtful accounts receivable in the amount of $1.5 million, and $11.1 million of unbilled receivables. The unbilled receivables pertain to certain projects for which the timing of billing is tied to contractual milestones. The Company adheres to such contractually stated performance milestones and accordingly issues invoices to customers as per contract billing schedules. Approximately $7.6 million of deferred revenue is included in billed accounts receivable at March 31, 2015. The Company recognized and recorded bad debt expense in the amount of $9 thousand for the three-month period ended March 31, 2015 and $353 thousand for the three-month period ended March 31, 2014, respectively. Accounts receivable are written off against the allowance account when the Company has exhausted all reasonable collection efforts.

Goodwill and Other Indefinite-Lived Intangible Assets—Goodwill represents the cost in excess of the fair value of the net assets of acquired businesses. Indefinite-lived intangible assets represent the fair value of certain acquired contractual customer relationships for which future cash flows are expected to continue indefinitely. In accordance with the relevant FASB accounting guidance, goodwill and indefinite-lived intangible assets are not amortized but are tested for impairment at the reporting unit level on an annual basis or on an interim basis if an event occurs or circumstances change that would likely have reduced the fair value of a reporting unit below its carrying value. Potential impairment indicators include a significant change in the business climate, legal factors, operating performance indicators, competition, and the sale or disposition of a significant portion of the business. The impairment evaluation process involves an assessment of certain qualitative factors to determine whether the existence of events or circumstances would indicate that it is more likely than not that the fair value of any of our reporting units was less than its carrying amount. If after assessing the totality of events or circumstances, we were to determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the Company would not perform the two-step quantitative impairment testing described further below.

The aforementioned two-step quantitative testing process involves comparing the reporting unit carrying values to their respective fair values; we determine fair value of our reporting units by applying the discounted cash flow method using the present value of future estimated net cash flows. If the fair value of a reporting unit exceeds its carrying value, then no further testing is required. However, if a reporting unit's fair value were to be less than its carrying value, we would then determine the amount of the impairment charge, if any, which would be the amount that the carrying value of the reporting unit's goodwill exceeded its implied value. Projections of cash flows are based on our views of growth rates, operating costs, anticipated future economic conditions and the appropriate discount rates relative to risk and estimates of residual values. We believe that our estimates are consistent with assumptions that marketplace participants would use in their estimates of fair value. The use of different estimates or assumptions for our projected discounted cash flows (e.g., growth rates, future economic conditions, discount rates and estimates of terminal values) when determining the fair value of our reporting units could result in different values and may result in a goodwill impairment charge. We perform our annual goodwill impairment evaluation and testing as of September 30th of each year. This evaluation is done during the fourth quarter each year. During the year ended December 31, 2014 we had no impairment of our reporting unit goodwill balances.

Changes in the carrying amount of goodwill for the three months ended March 31, 2015 and the year ended December 31, 2014 are reflected in the following table.



	March 31, 2015			December 31, 2014
	(In thousands)
Beginning Balance	$	402,220		$	337,068
Additions	—			68,503
Foreign currency translation adjustments	(2,812		)	(3,351		)
Ending Balance	$	399,408		$	402,220

Finite-lived Intangible Assets—Purchased intangible assets represent the estimated acquisition date fair value of customer relationships, developed technology, trademarks and non-compete agreements obtained in connection with the businesses we acquire. We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:



Category		Life (yrs)
Customer relationships		7-20
Developed technology		3–12
Trademarks		3–15
Non-compete agreements		5
Database		10

The carrying value of finite-lived and indefinite-lived intangible assets at March 31, 2015 and December 31, 2014 are as follows:



	March 31, 2015			December 31, 2014
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	65,992		$	66,783
Developed technology	15,476			15,664
Trademarks	2,733			2,751
Non-compete agreements	755			751
Backlog	140			140
Database	212			212
Total intangibles	85,308			86,301
Accumulated amortization	(38,433		)	(36,930		)
Finite-lived intangibles, net	$	46,875		$	49,371

Indefinite-lived intangibles:
Customer/territorial relationships	$	30,887		$	30,887

Amortization expense recognized in connection with acquired intangible assets was $1.8 million for the three months ended March 31, 2015 and $1.9 million for the three months ended March 31, 2014, respectively.

Foreign Currency Translation—The functional currency for the Company's foreign subsidiaries in India and Singapore is the U.S. dollar because the intellectual property research and development activities is provided by its Singapore subsidiary, and the product development and information technology enabled services activities for the insurance industry is provided by its India subsidiary, both in support of Ebix's operating divisions across the world, are transacted in U.S. dollars.

The functional currency of the Company's other foreign subsidiaries is the local currency of the country in which the subsidiary operates. The assets and liabilities of these foreign subsidiaries are translated into U.S. dollars at the rates of exchange at the balance sheet dates. Income and expense accounts are translated at the average exchange rates in effect during the period. Gains and losses resulting from translation adjustments are included as a component of accumulated other comprehensive income in the accompanying consolidated balance sheets, and are included in the condensed consolidated statements of comprehensive income. Foreign exchange transaction gains and losses that are derived from transactions denominated in a currency other than the subsidiary's functional currency are included in the determination of net income.

Income Taxes—Deferred income taxes are recorded to reflect the estimated future tax effects of differences between the financial statement and tax basis of assets, liabilities, operating losses, and tax credit carry forwards using the tax rates expected to be in effect when the temporary differences reverse. Valuation allowances, if any, are recorded to reduce deferred tax assets to the amount management considers more likely than not to be realized. Such valuation allowances are recorded for the portion of the deferred tax assets that are not expected to be realized based on the levels of historical taxable income and projections for future taxable income over the periods in which the temporary differences will be deductible.

The Company also applies FASB accounting guidance on accounting for uncertainty in income taxes positions. This guidance clarifies the accounting for uncertainty in income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. In this regard we recognize the tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.

Recent Relevant Accounting Pronouncements—The following is a brief discussion of recently released accounting pronouncements that are pertinent to the Company's business:

In May 2014 the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers". ASU 2014-09 affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.

An entity should apply the amendments in this ASU using one of the following two methods:

1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:


•	For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.


•	For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.


•	For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.

2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:


•	The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.


•	An explanation of the reasons for significant changes.

The Company currently expects to adopt this new accounting standard on its effective date, currently January 1, 2017, and it has not presently determined the impact that the adoption of ASU No. 2014-09 will have on its income statement, balance sheet, or statement of cash flows. Furthermore, the Company has not yet determined the method of retrospective adoption it will use as described in paragraphs 1 and 2 immediately above.

In July 2013, the FASB issued Accounting Standards Update No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists". This accounting standard states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This accounting standards update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The accounting standards update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. This pronouncement should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company adopted this new standard during the interim three-month reporting period ending March 31, 2014, and it materially effected how unrecognized tax benefits were accounted for and presented in the Company's balance sheet.

Earnings per Share

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Share

Earnings per Share

A reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share data):



	Three Months Ended
	March 31,
	2015		2014
	(In thousands, except per share data)
Net income for basic and diluted earnings per share	$	18,336	$	15,417
Basic Weighted Average Shares Outstanding	35,708		38,318
Dilutive effect of stock options and restricted stock awards	246		282
Diluted weighted average shares outstanding	35,954		38,600
Basic earnings per common share	$	0.51	$	0.40
Diluted earnings per common share	$	0.51	$	0.40

Business Combinations

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Business Combinations

The Company seeks to execute accretive business acquisitions in combination with organic growth initiatives as part of its comprehensive business growth and expansion strategy. The Company looks to acquire businesses that are complementary to Ebix's existing products and services.

During the three months ended March 31, 2015, the Company completed one business acquisition. The Company acquired Via Media Health Communications Private Limited ("Via Media Health"), effective March 1, 2015. Via Media Health is one of India’s leading health content and communication companies. Ebix acquired Via Media Health for upfront cash consideration in the amount of $1.0 million, plus a possible future one time contingent earnout payment of up to $372 thousand based on earned revenues over the subsequent twelve month period following the effective date of the acquisition, and a possible one time future performance bonus depending upon revenue growth realized in the business over the subsequent twenty-four month period following the effective date of the acquisition. The valuation and purchase price allocation for the Via Media Health acquisition remains preliminary and will be finalized prior to June 30, 2015, and accordingly the contingent earnout liability in connection with this acquisition has not been recorded.

Effective December 2, 2014, Ebix acquired Oakstone Publishing, LLC ("Oakstone") in a membership interest purchase agreement for total net cash consideration in the amount of $23.72 million ($31.37 million less a closing net working capital adjustment of $7.65 million). Oakstone is leading provider of continuing education, certification materials for physicians, dentists and allied healthcare professionals, as well as wellness resources for various organizations. Ebix acquired all of the outstanding membership interests of Oakstone and funded the purchase using a mix of internal cash reserves and the bank credit line available to Ebix. The Company accounted for this acquisition by recording $28.8 million of goodwill, $1.7 million of intangible assets pertaining to customer relationships, $501 thousand of intangible assets pertaining to acquired technology, and a $6.5 million deferred revenue liability. The valuation and purchase price allocation for the Oakstone acquisition remains preliminary and will be finalized prior to June 30, 2015.

On December 1, 2014, Ebix acquired the DCM Group Inc. (d.b.a. i3 Software) ("i3") in an asset purchase agreement for total cash consideration in the amount of $2 million and a possible contingent earnout of up to $4 million based on earned revenues over the subsequent twenty-four month period following the date of the acquisition. i3 is a provider of software services and solutions to the insurance industry. Ebix acquired all of the assets of i3 and funded the purchase using internal cash reserves. The Company accounted for this acquisition by recording $3.7 million of goodwill, $225 thousand of intangible assets pertaining to customer relationships, and $75 thousand of intangible assets pertaining to acquired technology. The valuation and purchase price allocation for the i3 acquisition remains preliminary and will be finalized prior to June 30, 2015.

On November 3, 2014, Ebix acquired Vertex, Incorporated ("Vertex"), with an effective date of October 1, 2014, in a share purchase agreement for total cash purchase consideration in the amount of $27.25 million and a possible contingent earnout of $2 million based on earned revenues over the subsequent twenty-four month period following the date of the acquisition. Vertex is a specialized software and services firm focused primarily on the life and annuity insurance marketplace since 1991. Ebix acquired all of the outstanding capital stock of Vertex and funded the purchase using a mix of internal cash reserves and the bank credit line available to Ebix. The Company accounted for this acquisition by recording $27.7 million of goodwill, $2.5 million of intangible assets pertaining to customer relationships, and $235 thousand of intangible assets pertaining to acquired technology. The valuation and purchase price allocation for the Vertex acquisition remains preliminary and will be finalized prior to June 30, 2015.

On May 21, 2014, Ebix acquired HealthCare Magic Private Limited ("HealthCare Magic"), a medical advisory service with an online network of approximately fifteen thousand General Physicians and Surgeons spread across fifty specialties including alternative medicine. The Company acquired HealthCare Magic for aggregate cash consideration in the amount of $6.0 million plus a possible future one time contingent earnout payment of up to $12.36 million based on earned revenues over the subsequent twenty-four month period following the effective date of the acquisition. This contingent earnout liability is currently estimated to have a fair value of $596 thousand. The Company funded the HealthCare Magic acquisition from available cash reserves on hand. The Company accounted for this acquisition by recording $5.6 million of goodwill, $452 thousand of intangible assets pertaining to customer relationships, $100 thousand of intangible assets pertaining to acquired technology, $59 thousand on intangible assets pertaining to trademarks and tradenames, and $226 thousand of intangible assets pertaining to non-compete agreements.

On January 27, 2014, Ebix acquired CurePet. CurePet was a developmental-stage enterprise that developed an insurance exchange that connects pet owners, referring veterinarians, animal hospitals, academic institutes, and suppliers of medical and general pet supplies, while providing a wide variety of services related to pet insurance to each constituent including practice management, electronic medical records, and billing. Previously Ebix had a minority investment in CurePet. Ebix acquired the entire business of CurePet in an asset purchase agreement with total purchase consideration being $6.35 million which includes a possible future one time contingent earnout payment of up to $5.0 million based on earned revenues over the subsequent thirty-six month period following the effective date of the acquisition. This contingent earnout liability is currently estimated to have a fair value of zero. Additional required cash consideration of $1.35 million was offset against open accounts receivable balances due to the Company from CurePet, and no actual cash outlay was made by the Company.

A significant component of the purchase price consideration for many of the Company's business acquisitions is a potential subsequent cash earnout payment based on reaching certain specified future revenue targets. The Company recognizes these potential obligations as contingent liabilities and are reported accordingly on its Condensed Consolidated Balance Sheets. As discussed in more detail in Note 1, these contingent consideration liabilities are recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary. During the three months ended March 31, 2015 and 2014 these aggregate contingent accrued earn-out business acquisition consideration liabilities were reduced by zero and $1.8 million, respectively, due to remeasurements as based on the then assessed fair value and changes in anticipated future revenue levels. These reductions to the contingent accrued earn-out liabilities resulted in a corresponding reduction to general and administrative expenses as reported on the Condensed Consolidated Statements of Income. As of March 31, 2015, the total of these contingent liabilities was $5.33 million, of which $4.44 million is reported in long-term liabilities, and $887 thousand is included in current liabilities in the Company's Condensed Consolidated Balance Sheet. As of December 31, 2014 the total of these contingent liabilities was $5.37 million, of which $4.48 million is reported in long-term liabilities, and $887 thousand is included in current liabilities in the Company's Condensed Consolidated Balance Sheet.

Consideration paid by the Company for the businesses it purchases is allocated to the assets and liabilities acquired based upon their estimated fair values as of the date of the acquisition. The excess of the purchase price over the estimated fair values of assets acquired and liabilities assumed is recorded as goodwill. Recognized goodwill pertains to the value of the expected synergies to be derived from combining the operations of the businesses we acquire including the value of the acquired workforce.

The aggregated unaudited pro forma financial information pertaining to all of the Company's acquisitions made during the three months ended March 31, 2014 and March 31, 2015, which includes the acquisitions of CurePet (acquired in January 2014), and Via Media Health (acquired in March 2015), as well as the effect of other businesses acquired in 2014, namely HealthCare Magic (May 2014), Vertex (October 2014), Oakstone (December 2014), and i3 (December 2014), as presented in the table below is provided for informational purposes only and does not project the Company's expected results of operations for any future period. No effect has been given in this pro forma information for future synergistic benefits that may still be realized as a result of combining these companies or costs that may yet be incurred in integrating their operations. The 2015 and 2014 pro forma financial information below assumes that all such business acquisitions were made on January 1, 2014, whereas the Company's reported financial statements for the three months ended March 31, 2015 only include the operating results from these businesses since the effective date that they were acquired by Ebix.



	Three Months Ended March 31, 2015				Three Months Ended March 31, 2014
	As Reported		Pro Forma		As Reported		Pro Forma
	(unaudited)				(unaudited)
	(In thousands, except per share data)
Revenue	$	63,753	$	64,003	$	51,404	$	65,336
Net Income	$	18,336	$	18,518	$	15,417	$	14,413
Basic EPS	$	0.51	$	0.52	$	0.40	$	0.38
Diluted EPS	$	0.51	$	0.52	$	0.40	$	0.37

In the above table, the unaudited pro forma revenue for the three months ended March 31, 2015 decreased by $1.3 million from the unaudited pro forma revenue during the same period in 2014 of $65.3 million to $64.0 million, representing a 2.0% decrease. Correspondingly, the reported revenue for the three months ended March 31, 2015 increased by $12.3 million or 24.0% from the reported revenue during the same period in 2014. The pro forma revenue decrease was primarily due to exchange rate changes which resulted in a decrease of $1.9 million.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

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+ Details

Debt with Commercial Bank	3 Months Ended
Debt with Commercial Bank	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt with Commercial Bank	Debt with Commercial Bank On February 3, 2015, Ebix, Inc. and certain of its subsidiaries entered into the First Amendment (the “First Amendment”) to the Regions Secured Credit Facility, dated August 5, 2014, among the Company, Regions Financial Corporation as Administrative Agent (“Regions”), with Regions, MUFG Union Bank N.A., and Silicon Valley Bank as joint lenders. The First Amendment amends the Regions Credit Facility by increasing the maximum amount by which the Aggregate Revolving Commitments may be increased to $90 million from the pre-existing limit of $50 million, increases the amount of base facility to $190 million from the pre-existing amount of $150 million, which together with the $50 million accordion feature increases the total Credit Agreement capacity amount to $240 million from the prior amount of $200 million, and expands the syndicated bank group to four participants by adding Fifth Third Bank. On August 5, 2014, Ebix entered into a credit agreement providing for a $150 million secured syndicated credit facility (the “Regions Secured Credit Facility”) with Regions as administrative agent and Regions with MUFG Union Bank N.A., and Silicon Valley Bank as joint lenders. The financing is comprised of a five-year, $150 million secured revolving credit facility, with an option to expand to $200 million upon request and with additional lender commitments. This new $150 million credit facility with Regions, as administrative agent, replaced the former syndicated $100 million facility that the Company had in place with Citi Bank, N.A. which was paid in full upon the undertaking of this new loan facility with Regions. The interest rate applicable to the Secured Syndicated Credit Facility is LIBOR plus 1.50% or currently 1.69%. Under the Regions Secured Credit Facility the maximum interest rate that could be charged depending upon the Company's leverage ratio is LIBOR plus 2.25%. The underlying financing agreement contains financial covenants regarding the Company's fixed charge coverage ratio and leverage ratio, as well as certain restrictive covenants pertaining to such matters as the incurrence of new debt and the consummation of new business acquisitions. The Company currently is in compliance with all such financial and restrictive covenants. As of March 31, 2015 the Company's consolidated balance sheet includes $1.50 million of remaining deferred financing costs. At March 31, 2015, the outstanding balance on the revolving line of credit under the Regions Secured Credit Facility was $135.5 million and the facility carried an interest rate of 1.69%. During the three months ended March 31, 2015, no payments were made against the revolving line of credit during the quarter. The revolving line of credit balance is included in the long-term liabilities section of the Condensed Consolidated Balance Sheets. During the three months period ended March 31, 2015, the average and maximum outstanding balances on our revolving line of credit facilities were $127.4 million and $135.5 million, respectively.

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Contingencies-On December 3, 2012, the Company received a subpoena and letter from the SEC dated November 30, 2012, stating that the SEC is conducting a formal, non-public investigation styled In the Matter of Ebix, Inc. (A-3318) and seeking documents primarily related to the issues raised in the In re: Ebix, Inc. Securities Litigation. On April 16, 2013, the Company received a second subpoena from the SEC seeking additional documents. The Company has cooperated with the SEC to provide the requested documents. On June 6, 2013, the Company was notified that the U.S. Attorney for the Northern District of Georgia had opened an investigation into allegations of intentional misconduct that had been brought to its attention from the pending shareholder class action lawsuit against the Company's directors and officers, the media and other sources. The Company is cooperating with the U.S. Attorney's office. Following our announcement on May 1, 2013 of the Company's execution of a merger agreement with affiliates of Goldman Sachs & Co., twelve putative class action complaints challenging the proposed merger were filed in the Delaware Court of Chancery. These complaints name as Defendants some combination of the Company, its directors, Goldman Sachs & Co. and affiliated entities. On June 10, 2013, the twelve complaints were consolidated by the Delaware Court of Chancery, now captioned In re Ebix, Inc. Stockholder Litigation, CA No. 8526-VCN. On June 19, 2013, the Company announced that the merger agreement had been terminated pursuant to a Termination and Settlement Agreement. After Defendants moved to dismiss the consolidated proceeding, Lead Plaintiffs amended their operative complaint to drop their claims against Goldman Sachs & Co. and focus their allegations on an Acquisition Bonus Agreement (“ABA”) between the Company and Robin Raina. On September 26, 2013, Defendants moved to dismiss the Amended Consolidated Complaint. On July 24, 2014, the Court issued its Memorandum Opinion. The only surviving counts are as follows: (i) Counts II and IV, but only to the extent the Plaintiffs seek non-monetary relief for alleged material misstatements related to the ABA base price in the 2010 Proxy Statement; (ii) Count II, but only to the extent it challenges the continued existence of the ABA as an alleged unreasonable anti-takeover device; and, (iii) Count V, but only to the extent that it relates to the compensation the Board received under the Company’s 2010 Stock Incentive Plan. On September 15, 2014, the Court entered an Order implementing its Memorandum Opinion. On January 16, 2015, the Court entered an Order permitting Plaintiffs to file a Second Amended and Supplemented Complaint. On February 10, 2015, Defendants filed a Motion to Dismiss the Second Amended and Supplemented Complaint, which is pending. The Company denies any liability and intends to defend the action vigorously. The Company is involved in various other claims and legal actions arising in the ordinary course of business. In the opinion of management, the ultimate likely disposition of these matters will not have a material adverse effect on the Company’s consolidated financial position, results of operations or liquidity. Lease Commitments—The Company leases office space under non-cancelable operating leases with expiration dates ranging through 2021, with various renewal options. Capital leases range from three to five years and are primarily for computer equipment. There were multiple assets under various individual capital leases at March 31, 2015 and 2014. Rental expense for office facilities and certain equipment subject to operating leases for the three months ended March 31, 2015 and 2014 was $1.7 million and $1.6 million, respectively. Self Insurance—For most of the Company’s U.S. employees the Company is self-insured for its health insurance program and has a stop loss policy that limits the individual liability to $120 thousand per person and the aggregate liability to 125% of the expected claims based upon the number of participants and historical claims. As of March 31, 2015, the amount accrued on the Company’s Condensed Consolidated Balance Sheet for the self-insured component of the Company’s employee health insurance was $250 thousand. The maximum potential estimated cumulative liability for the annual contract period, which ends in September 2015, is $2.9 million.

Income Taxes

3 Months Ended

Mar. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

The Company's consolidated world-wide effective tax rate reflects the tax benefits of conducting operating activities in certain foreign jurisdictions where earnings are taxed at rates lower than U.S. statutory rates and where certain components of the Company's income are exempt from taxation. Furthermore, the Company's world-wide product development operations and intellectual property ownership have been centralized into our India and Singapore subsidiaries. Our operations in India benefit from a tax holiday, which affects various operating facilities in that country. The Company has many facilities in India with each one having a different tax holiday expiration date between 2015 and 2018. As such a significant component of the income generated by our India operations, other than passive interest income, is not taxed. After the expiration of the full tax holiday all of the income generated by our India operations will be taxed at 50% of the normal 33.99% corporate tax rate for a period of five years. The Company also has a relatively low income tax rate in Singapore wherein our operations are taxed at a 10% tax rate as a result of concessions granted by the local Singapore Economic Development Board for the benefit of in-country intellectual property owners. The concessionary 10% income tax rate will expire after Q2 2015, at which time our Singapore operations will be subject to the prevailing corporate tax rate in Singapore, which is currently 17%, unless the Company reaches a subsequent agreement to extend the incentive period and the then applicable concessionary rate or possibly secure a lower concessionary tax rate. The Company believes the concessionary rate of 10% will be extended soon.

The Company recognized total income tax expense in the amount of $2.40 million for the three months ended March 31, 2015. The Company's interim period income tax provisions are based on a calculated estimate of the effective income tax rate expected to be applicable to the corresponding annual period, after eliminating discrete items unique to the respective interim period being reported. The Company's interim period tax provision, exclusive of discrete items, for the three month period during 2015 reflects an effective tax rate of 11.43%, as compared to the 12.01%, also exclusive of discrete items, for the same period during 2014. The effective rate decreased slightly due to less taxable income from jurisdictions with higher tax rates.

At March 31, 2015, the Company had remaining available domestic net operating loss (“NOL”) carry-forwards of approximately $41.2 million which are available to offset future U.S. federal and certain state income taxes. In addition the Company has approximately $41.4 million of NOL's available in the United Kingdom related to the 2013 acquisition of Qatarlyst to offset future taxable income in that country. There is currently a full valuation allowance set up against 100% of these NOL’s in the United Kingdom. The Company reviews its NOL positions to validate that all NOL carry-forwards will be utilized before they begin to expire in 2020.

The Company and its subsidiaries file income tax returns in the U.S. federal jurisdiction, and various states and foreign jurisdictions in which it conducts operations or had nexus. With the exception of NOL carry forwards, the Company is no longer subject to U.S. federal or state tax examinations by tax authorities for years before 2013. Regarding our foreign operations as of December 31, 2014, the tax years that remain open and possibly subject to examination by the tax authorities in those jurisdictions are Australia (2008 to 2013), Singapore and Brazil (2008 to 2013), New Zealand (2010 to 2013), and India (2009 to 2013).

Accounting for Uncertainty in Income Taxes—The Company has applied the FASB’s accounting guidance on accounting for uncertain income tax positions. As of March 31, 2015 the Company’s Condensed Consolidated Balance Sheet includes a liability of $3.11 million for unrecognized tax benefits which is included in other long term liabilities before applying the offset provision required by the application of Notice 2013-11. During the three months ended March 31, 2015 there was $87 thousand in additions to this liability reserve. A reconciliation of the beginning and ending amounts of the Company’s liability reserves for unrecognized tax benefits is as follows:



	March 31, 2015		December 31, 2014
	(in thousands)
Beginning Balance	$	3,020	$	12,742
Additions for tax positions related to current year	—		451
Additions for tax positions of prior years	87		9,348
Reductions for tax position of prior years	—		(19,521		)
Ending Balance	$	3,107	$	3,020

The Company recognizes interest accrued and penalties related to unrecognized tax benefits as part of income tax expense. As of March 31, 2015 and December 31, 2014 approximately $767 thousand and $680 thousand, respectively, of estimated interest and penalties is included in other long term liabilities in the accompanying Condensed Consolidated Balance Sheet, and is part of the balance of the liability for unrecognized tax benefits in the above table.

The Company has applied the new provisions under FAS update No. 2013-11, Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, A Similar Tax Loss, or a Tax Credit Carryforward Exists. Under these provisions, an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward in most cases. This provision has been applied and $929 thousand and $1.14 million of unrecognized tax benefits have been applied against NOL carryforward amounts as of March 31, 2015 and December 31, 2014, 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+ Details

Geographic Information

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Geographic Information

The Company operates with one reportable segment whose results are regularly reviewed by the Company's chief operating decision maker as to performance and allocation of resources. External customer revenues in the tables below are attributed to a particular country based on whether the customer had a direct contract with the Company which was executed in that particular country for the sale of the Company's products/services with an Ebix subsidiary located in that country.

The following enterprise wide information relates to the Company's geographic locations (all amounts in thousands):

As of and for the Three Months Ended March 31, 2015



	United States		Canada		Latin America		Australia		Singapore		New Zealand		India		Europe		Total
External Revenues	$	48,537	$	685	$	1,496	$	8,678	$	1,047	$	578	$	989	$	1,743	$	63,753
Long-lived assets	$	384,092	$	7,164	$	7,708	$	524	$	68,493	$	319	$	37,426	$	24,507	$	530,233

As of and for the Three Months Ended March 31, 2014



	United States		Canada		Latin America		Australia		Singapore		New Zealand		India		Europe		Total
External Revenues	$	34,800	$	1,437	$	1,482	$	9,729	$	1,144	$	650	$	110	$	2,052	$	51,404
Long-lived assets	$	304,070	$	8,442	$	11,282	$	785	$	68,693	$	99	$	24,795	$	28,381	$	446,547

- 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

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+ Details

Minority Business Investment	3 Months Ended
Minority Business Investment	Mar. 31, 2015
Investments, All Other Investments [Abstract]
Minority Business Investment	Minority Business Investment In 2012, Ebix acquired a minority 19.8% interest in CurePet for cash consideration in the amount of $2.0 million. CurePet is a developmental-stage enterprise that developed an insurance exchange that connects pet owners, referring veterinarians, animal hospitals, academic institutes, and suppliers of medical and general pet supplies, while providing a wide variety of services related to pet insurance to each constituent including practice management, electronic medical records, and billing. CurePet had previously been a customer of Ebix; during 2013 and 2012 the Company recognized $1.2 million and $1.5 million, respectively, of revenue from CurePet. Ebix also had a revenue share arrangement with CurePet pertaining to certain customer revenues recognized by CurePet; for 2015, there have been no revenue sharing earned or accrued. The Company had been accounting for its minority investment in CurePet using the cost method. Based on this independent evaluation it was concluded that the fair value of this minority business investment was greater than the Company's carrying value of the investment, and therefore the investment was not impaired as of December 31, 2013. As disclosed in Note 3 "Business Combinations," effective January 27, 2014 Ebix acquired the entire business of CurePet in an asset purchase agreement with the total purchase consideration being in the amount of $6.35 million which included a possible contingent earnout payment of up to $5.0 million based on earned revenues over the subsequent thirty-six month period following the date of the acquisition. This contingent earnout liability is currently estimated to have a fair value of zero. During the three months ended March 31, 2015 and 2014 the CurePet business generated $0 and $125 thousand, respectively, of revenue which is included in the Company’s consolidated revenues reported for the same period.

Other Liabilities (Notes)

3 Months Ended

Mar. 31, 2015

Other Liabilities Disclosure [Abstract]

Other Liabilities Disclosure [Text Block]

Other Liabilities

Other liabilities at March 31, 2015 and December 31, 2014 consisted of the following:



	March 31, 2015			December 31, 2014
	(In thousands)
Reserve for potential uncertain income tax return positions	$	3,107		$	3,020
Unfavorable lease liability, long term portion	271			294
Portion of an unrecognized tax benefit netted against deferred tax asset for a net operating loss carryforward	$	(929	)	$	(1,135	)
Total	$	2,449		$	2,179

Subsequent Events (Notes)	3 Months Ended
Subsequent Events (Notes)	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Note 10: Subsequent Events Repurchases of Common Stock Since December 31, 2014 and through March 31, 2015 the Company repurchased 994,869 shares of its outstanding common stock for aggregate cash consideration in the amount of $24.2 million and at an average rate of $24.35 per share. Subsequent to March 31^st and through May 7, 2015 the Company has re-purchased an additional 289,365 shares of its outstanding common stock for aggregate cash consideration in the amount of $8.1 million and at an average rate of $28.13 per share. All share repurchases were done in accordance with Rule 10b-18 of the Securities Act of 1934 as to the timing, pricing, and volume of such transactions, and were funded from available cash resources, cash generated from the Company's operating activities, and draws from the Company's revolving line of credit with our syndicated commercial banking facility.

Description of Business and Summary of Significant Accounting Policies (Policies)

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation

Basis of Presentation—The accompanying unaudited condensed consolidated financial statements and these notes have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and in accordance with U.S. Generally Accepted Accounting Principles ("GAAP") with the effect of inter-company balances and transactions eliminated. Certain information and note disclosures normally included in annual financial statements prepared in accordance with GAAP and SEC rules have been condensed or omitted as permitted by and pursuant to those rules and regulations, although the Company believes that the disclosures made are adequate to make the information not misleading. These unaudited condensed consolidated financial statements contain adjustments (consisting only of normal recurring items) necessary to fairly present the consolidated financial position of the Company and its consolidated results of operations and cash flows. Operating results for the three months ended March 31, 2015 and 2014 are not necessarily indicative of the results that may be expected for future quarters or the full year of 2015. The condensed consolidated December 31, 2014 balance sheet included in this interim period filing has been derived from the audited financial statements at that date but does not necessarily include all of the information and related notes required by GAAP for complete financial statements. These condensed interim financial statements should be read in conjunction with the financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.

Fair Value of Financial Instruments

Fair Value of Financial Instrument—The Company follows the relevant GAAP guidance concerning fair value measurements which provides a consistent framework to define, measure, and disclose the fair value of assets and liabilities in financial statements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction. This guidance establishes a three-level hierarchy priority for disclosure of assets and liabilities recorded at fair value. The ordering of priority reflects the degree to which objective data from external active markets are available to measure fair value. The classification of assets and liabilities within the hierarchy is based on whether the inputs to the valuation methodology used for measurement are observable or unobservable.


•	Level 1 Inputs - Unadjusted quoted prices available in active markets for identical investments to the reporting entity at the measurement date


•	Level 2 Inputs - Other than quoted prices included in Level 1 inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the asset or liability.


•	Level 3 Inputs - Unobservable inputs, which are used to the extent that observable inputs are not available, and used in situations where there is little or no market activity for the asset or liability and wherein the reporting entity makes estimates and assumptions related to the pricing of the asset or liability including assumptions regarding risk.

A financial instrument's level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement.

As of March 31, 2015 the Company had the following financial instruments to which it had to consider fair values and had to make fair assessments:


•	Short-term investments for which the fair values are measured as a Level 1 instrument.

•

Contingent accrued earn-out business acquisition consideration liabilities for which fair values are measured as Level 3 instruments. These contingent consideration liabilities were recorded at fair value on the acquisition date and are remeasured quarterly based on the then assessed fair value and adjusted if necessary. The increases or decreases in the fair value of contingent consideration payable can result from changes in anticipated revenue levels and changes in assumed discount periods and rates. As the fair value measure is based on significant inputs that are not observable in the market, they are categorized as Level 3.

Revenue Recognition

Revenue Recognition—The Company derives its revenues primarily from subscription and transaction fees pertaining to services delivered over our exchanges or from our ASP platforms, fees for risk compliance solution services, and fees for software development projects including associated fees for consulting, implementation, training, and project management provided to customers with installed systems and applications. Sales and value-added taxes are not included in revenues, but rather are recorded as a liability until the taxes assessed are remitted to the respective taxing authorities.

In accordance with Financial Accounting Standard Board (“FASB”) and SEC accounting guidance on revenue recognition, the Company considers revenue earned and realizable when: (a) persuasive evidence of the sales arrangement exists, provided that the arrangement fee is fixed or determinable, (b) delivery or performance has occurred, (c) customer acceptance has been received or is assured, if contractually required, and (d) collectability of the arrangement fee is probable. The Company uses signed contractual agreements as persuasive evidence of a sales arrangement. We apply the provisions of the relevant generally accepted accounting principles related to all transactions involving the license of software where the software deliverables are considered more than inconsequential to the other elements in the arrangement.

For contracts that contain multiple deliverables, we analyze the revenue arrangements in accordance with the relevant technical accounting guidance, which provides criteria governing how to determine whether goods or services that are delivered separately in a bundled sales arrangement should be considered as separate units of accounting for the purpose of revenue recognition. These types of arrangements include deliverables pertaining to software licenses, system set-up, and professional services associated with product customization or modification. Delivery of the various contractual elements typically occurs over periods of less than eighteen months. These arrangements generally do not have refund provisions or have very limited refund terms.

Software development arrangements involving significant customization, modification or production are accounted for in accordance with the appropriate technical accounting guidance issued by FASB using the percentage-of-completion method. The Company recognizes revenue using periodic reported actual hours worked as a percentage of total expected hours required to complete the project arrangement and applies the percentage to the total arrangement fee.

Goodwill and Other Indefinite-Lived Intangible Assets

Goodwill and Other Indefinite-Lived Intangible Assets—Goodwill represents the cost in excess of the fair value of the net assets of acquired businesses. Indefinite-lived intangible assets represent the fair value of certain acquired contractual customer relationships for which future cash flows are expected to continue indefinitely. In accordance with the relevant FASB accounting guidance, goodwill and indefinite-lived intangible assets are not amortized but are tested for impairment at the reporting unit level on an annual basis or on an interim basis if an event occurs or circumstances change that would likely have reduced the fair value of a reporting unit below its carrying value. Potential impairment indicators include a significant change in the business climate, legal factors, operating performance indicators, competition, and the sale or disposition of a significant portion of the business. The impairment evaluation process involves an assessment of certain qualitative factors to determine whether the existence of events or circumstances would indicate that it is more likely than not that the fair value of any of our reporting units was less than its carrying amount. If after assessing the totality of events or circumstances, we were to determine that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, then the Company would not perform the two-step quantitative impairment testing described further below.

The aforementioned two-step quantitative testing process involves comparing the reporting unit carrying values to their respective fair values; we determine fair value of our reporting units by applying the discounted cash flow method using the present value of future estimated net cash flows. If the fair value of a reporting unit exceeds its carrying value, then no further testing is required. However, if a reporting unit's fair value were to be less than its carrying value, we would then determine the amount of the impairment charge, if any, which would be the amount that the carrying value of the reporting unit's goodwill exceeded its implied value. Projections of cash flows are based on our views of growth rates, operating costs, anticipated future economic conditions and the appropriate discount rates relative to risk and estimates of residual values. We believe that our estimates are consistent with assumptions that marketplace participants would use in their estimates of fair value. The use of different estimates or assumptions for our projected discounted cash flows (e.g., growth rates, future economic conditions, discount rates and estimates of terminal values) when determining the fair value of our reporting units could result in different values and may result in a goodwill impairment charge. We perform our annual goodwill impairment evaluation and testing as of September 30th of each year. This evaluation is done during the fourth quarter each year. During the year ended December 31, 2014 we had no impairment of our reporting unit goodwill balances.

Finite-lived Intangible Assets

Finite-lived Intangible Assets—Purchased intangible assets represent the estimated acquisition date fair value of customer relationships, developed technology, trademarks and non-compete agreements obtained in connection with the businesses we acquire. We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:



Category		Life (yrs)
Customer relationships		7-20
Developed technology		3–12
Trademarks		3–15
Non-compete agreements		5
Database		10

Foreign Currency Translation

Foreign Currency Translation—The functional currency for the Company's foreign subsidiaries in India and Singapore is the U.S. dollar because the intellectual property research and development activities is provided by its Singapore subsidiary, and the product development and information technology enabled services activities for the insurance industry is provided by its India subsidiary, both in support of Ebix's operating divisions across the world, are transacted in U.S. dollars.

The functional currency of the Company's other foreign subsidiaries is the local currency of the country in which the subsidiary operates. The assets and liabilities of these foreign subsidiaries are translated into U.S. dollars at the rates of exchange at the balance sheet dates. Income and expense accounts are translated at the average exchange rates in effect during the period. Gains and losses resulting from translation adjustments are included as a component of accumulated other comprehensive income in the accompanying consolidated balance sheets, and are included in the condensed consolidated statements of comprehensive income. Foreign exchange transaction gains and losses that are derived from transactions denominated in a currency other than the subsidiary's functional currency are included in the determination of net income.

Income Taxes

Income Taxes—Deferred income taxes are recorded to reflect the estimated future tax effects of differences between the financial statement and tax basis of assets, liabilities, operating losses, and tax credit carry forwards using the tax rates expected to be in effect when the temporary differences reverse. Valuation allowances, if any, are recorded to reduce deferred tax assets to the amount management considers more likely than not to be realized. Such valuation allowances are recorded for the portion of the deferred tax assets that are not expected to be realized based on the levels of historical taxable income and projections for future taxable income over the periods in which the temporary differences will be deductible.

The Company also applies FASB accounting guidance on accounting for uncertainty in income taxes positions. This guidance clarifies the accounting for uncertainty in income taxes by prescribing the minimum recognition threshold a tax position is required to meet before being recognized in the financial statements. In this regard we recognize the tax benefit from uncertain tax positions only if it is more likely than not that the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position.

Recent Relevant Accounting Pronouncements

Recent Relevant Accounting Pronouncements—The following is a brief discussion of recently released accounting pronouncements that are pertinent to the Company's business:

In May 2014 the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers". ASU 2014-09 affects any entity using U.S. GAAP that either enters into contracts with customers to transfer goods or services or enters into contracts for the transfer of nonfinancial assets unless those contracts are within the scope of other standards (e.g., insurance contracts or lease contracts). This ASU will supersede the revenue recognition requirements in Topic 605, Revenue Recognition, and most industry-specific guidance. This ASU also supersedes some cost guidance included in Subtopic 605-35, Revenue Recognition—Construction-Type and Production-Type Contracts. In addition, the existing requirements for the recognition of a gain or loss on the transfer of nonfinancial assets that are not in a contract with a customer (e.g., assets within the scope of Topic 360, Property, Plant, and Equipment, and intangible assets within the scope of Topic 350, Intangibles—Goodwill and Other) are amended to be consistent with the guidance on recognition and measurement (including the constraint on revenue) in this ASU.

The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps:

Step 1: Identify the contract(s) with a customer.

Step 2: Identify the performance obligations in the contract.

Step 3: Determine the transaction price.

Step 4: Allocate the transaction price to the performance obligations in the contract.

Step 5: Recognize revenue when (or as) the entity satisfies a performance obligation.

For a public entity, the amendments in this ASU are effective for annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. Early application is not permitted.

An entity should apply the amendments in this ASU using one of the following two methods:

1. Retrospectively to each prior reporting period presented and the entity may elect any of the following practical expedients:


•	For completed contracts, an entity need not restate contracts that begin and end within the same annual reporting period.


•	For completed contracts that have variable consideration, an entity may use the transaction price at the date the contract was completed rather than estimating variable consideration amounts in the comparative reporting periods.


•	For all reporting periods presented before the date of initial application, an entity need not disclose the amount of the transaction price allocated to remaining performance obligations and an explanation of when the entity expects to recognize that amount as revenue.

2. Retrospectively with the cumulative effect of initially applying this ASU recognized at the date of initial application. If an entity elects this transition method it also should provide the additional disclosures in reporting periods that include the date of initial application of:


•	The amount by which each financial statement line item is affected in the current reporting period by the application of this ASU as compared to the guidance that was in effect before the change.


•	An explanation of the reasons for significant changes.

The Company currently expects to adopt this new accounting standard on its effective date, currently January 1, 2017, and it has not presently determined the impact that the adoption of ASU No. 2014-09 will have on its income statement, balance sheet, or statement of cash flows. Furthermore, the Company has not yet determined the method of retrospective adoption it will use as described in paragraphs 1 and 2 immediately above.

In July 2013, the FASB issued Accounting Standards Update No. 2013-11, "Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss, or a Tax Credit Carryforward Exists". This accounting standard states that an unrecognized tax benefit, or a portion of an unrecognized tax benefit, should be presented in the financial statements as a reduction to a deferred tax asset for a net operating loss carryforward, a similar tax loss, or a tax credit carryforward, except as follows. To the extent a net operating loss carryforward, a similar tax loss, or a tax credit carryforward is not available at the reporting date under the tax law of the applicable jurisdiction to settle any additional income taxes that would result from the disallowance of a tax position or the tax law of the applicable jurisdiction does not require the entity to use, and the entity does not intend to use, the deferred tax asset for such purpose, the unrecognized tax benefit should be presented in the financial statements as a liability and should not be combined with deferred tax assets. This accounting standards update applies to all entities that have unrecognized tax benefits when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists at the reporting date. The accounting standards update is effective for fiscal years, and interim periods within those years, beginning after December 15, 2013. This pronouncement should be applied prospectively to all unrecognized tax benefits that exist at the effective date. Retrospective application is permitted. The Company adopted this new standard during the interim three-month reporting period ending March 31, 2014, and it materially effected how unrecognized tax benefits were accounted for and presented in the Company's balance sheet.

- Definition

Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements.

+ References+ Details

- Definition

Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction.

+ References+ Details

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

3 Months Ended

Mar. 31, 2015

Accounting Policies [Abstract]

Schedule of Revenue by Product/Service Groups

Presented in the table below is the breakout of our revenue streams for each of those product/service groups for the three months ended March 31, 2015 and 2014.



	Three Months Ended
	March 31,
(dollar amounts in thousands)	2015		2014
Exchanges	$	46,678	$	42,105
Broker Systems	3,736		4,486
Risk Compliance Solutions (“RCS”)	12,175		3,425
Carrier Systems	1,164		1,388
Totals	$	63,753	$	51,404

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis

Additional information regarding the Company's assets and liabilities that are measured at fair value on a recurring basis is presented in the following tables:



	Fair Values at Reporting Date Using*
Descriptions	Balance, March 31, 2015		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	265	$	265	$	—	$	—
Total assets measured at fair value	$	265	$	265	$	—	$	—

Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,330		—		—		5,330
Total liabilities measured at fair value	$	5,330	$	—	$	—	$	5,330

(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the three months ended March 31, 2015 there were no transfers between fair value Levels 1, 2 or 3.



	Fair Values at Reporting Date Using*
Descriptions	Balance, December 31, 2014		Quoted Prices in Active Markets for Identical Assets or Liabilities (Level 1)		Significant Other Observable Inputs (Level 2)		Significant Unobservable Inputs (Level 3)
	(In thousands)
Assets
Available-for-sale securities:
Commercial bank certificates of deposits	$	281	281		$	—	$	—
Total assets measured at fair value	$	281	$	281	$	—	$	—

Liabilities
Derivatives:
Contingent accrued earn-out acquisition consideration (a)	5,367		—		—		5,367
Total liabilities measured at fair value	$	5,367	$	—	$	—	$	5,367

(a) The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.
* During the twelve months ended December 31, 2014 there were no transfers between fair value Levels 1, 2 or 3.

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

For the Company's assets and liabilities measured at fair value on a recurring basis using significant unobservable inputs (Level 3), the following table provides a reconciliation of the beginning and ending balances for each category therein, and gains or losses recognized during the three months ended March 31, 2015 and during the year ended December 31, 2014:



Fair Value Measurements Using Significant Unobservable Inputs (Level 3)
Contingent Liability for Accrued Earn-out Acquisition Consideration	Balance, March 31, 2015			Balance, December 31, 2014
	(in thousands)

Beginning balance	$	5,367		$	14,420

Total remeasurement adjustments:
(Gains) or losses included in earnings **	—			(10,237		)
Foreign currency translation adjustments ***	(37		)	(314		)

Acquisitions and settlements
Business acquisitions	—			4,312
Settlement payments	—			(2,814		)

Ending balance	$	5,330		$	5,367

The amount of total (gains) or losses for the period included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at period-end.	$	—		$	(8,911	)

** recorded as an adjustment to reported general and administrative expenses
*** recorded as a component of other comprehensive income within stockholders' equity

Quantitative Information about Level 3 Fair Value Measurements

The significant unobservable inputs used in the fair value measurement of the Company's contingent consideration liabilities designated as Level 3 are as follows:

Schedule of Goodwill

Changes in the carrying amount of goodwill for the three months ended March 31, 2015 and the year ended December 31, 2014 are reflected in the following table.



	March 31, 2015			December 31, 2014
	(In thousands)
Beginning Balance	$	402,220		$	337,068
Additions	—			68,503
Foreign currency translation adjustments	(2,812		)	(3,351		)
Ending Balance	$	399,408		$	402,220

Schedule of Finite-Lived Intangible Assets by Major Class, Estimated Useful Lives

We amortize these intangible assets on a straight-line basis over their estimated useful lives, as follows:



Category		Life (yrs)
Customer relationships		7-20
Developed technology		3–12
Trademarks		3–15
Non-compete agreements		5
Database		10

Schedule of Intangible Assets, Excluding Goodwill

The carrying value of finite-lived and indefinite-lived intangible assets at March 31, 2015 and December 31, 2014 are as follows:



	March 31, 2015			December 31, 2014
	(In thousands)
Finite-lived intangible assets:
Customer relationships	$	65,992		$	66,783
Developed technology	15,476			15,664
Trademarks	2,733			2,751
Non-compete agreements	755			751
Backlog	140			140
Database	212			212
Total intangibles	85,308			86,301
Accumulated amortization	(38,433		)	(36,930		)
Finite-lived intangibles, net	$	46,875		$	49,371

Indefinite-lived intangibles:
Customer/territorial relationships	$	30,887		$	30,887

- Definition

Tabular disclosure of the fair value measurement of liabilities using significant unobservable inputs (Level 3), a reconciliation of the beginning and ending balances, separately presenting changes attributable to the following: (1) total gains or losses for the period (realized and unrealized), segregating those gains or losses included in earnings (or changes in net assets), and gains or losses recognized in other comprehensive income (loss) and a description of where those gains or losses included in earnings (or changes in net assets) are reported in the statement of income (or activities); (2) purchases, sales, issues, and settlements (each type disclosed separately); and (3) transfers in and transfers out of Level 3 (for example, transfers due to changes in the observability of significant inputs) by class of liability.

+ References+ Details

Earnings per Share (Tables)

3 Months Ended

Mar. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Diluted

A reconciliation between basic and diluted earnings per share is as follows (in thousands, except per share data):



	Three Months Ended
	March 31,
	2015		2014
	(In thousands, except per share data)
Net income for basic and diluted earnings per share	$	18,336	$	15,417
Basic Weighted Average Shares Outstanding	35,708		38,318
Dilutive effect of stock options and restricted stock awards	246		282
Diluted weighted average shares outstanding	35,954		38,600
Basic earnings per common share	$	0.51	$	0.40
Diluted earnings per common share	$	0.51	$	0.40

- Definition

Tabular disclosure of the effect of income (loss) on an entity's diluted earnings per share.

+ References+ Details

Business Combinations (Tables)

3 Months Ended

Mar. 31, 2015

Business Combinations [Abstract]

Business Acquisition, Pro Forma Information



	Three Months Ended March 31, 2015				Three Months Ended March 31, 2014
	As Reported		Pro Forma		As Reported		Pro Forma
	(unaudited)				(unaudited)
	(In thousands, except per share data)
Revenue	$	63,753	$	64,003	$	51,404	$	65,336
Net Income	$	18,336	$	18,518	$	15,417	$	14,413
Basic EPS	$	0.51	$	0.52	$	0.40	$	0.38
Diluted EPS	$	0.51	$	0.52	$	0.40	$	0.37

Income Taxes (Tables)	3 Months Ended
Income Taxes (Tables)	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Unrecognized Tax Benefits Roll Forward	At March 31, 2015, the Company had remaining available domestic net operating loss (“NOL”) carry-forwards of approximately $41.2 million which are available to offset future U.S. federal and certain state income taxes. In addition the Company has approximately $41.4 million of NOL's available in the United Kingdom related to the 2013 acquisition of Qatarlyst to offset future taxable income in that country. There is currently a full valuation allowance set up against 100% of these NOL’s in the United Kingdom. The Company reviews its NOL positions to validate that all NOL carry-forwards will be utilized before they begin to expire in 2020.

Geographic Information (Tables)

3 Months Ended

Mar. 31, 2015

Segment Reporting [Abstract]

Schedule of Revenue by Geographic Locations

The following enterprise wide information relates to the Company's geographic locations (all amounts in thousands):

As of and for the Three Months Ended March 31, 2015



	United States		Canada		Latin America		Australia		Singapore		New Zealand		India		Europe		Total
External Revenues	$	48,537	$	685	$	1,496	$	8,678	$	1,047	$	578	$	989	$	1,743	$	63,753
Long-lived assets	$	384,092	$	7,164	$	7,708	$	524	$	68,493	$	319	$	37,426	$	24,507	$	530,233

As of and for the Three Months Ended March 31, 2014



	United States		Canada		Latin America		Australia		Singapore		New Zealand		India		Europe		Total
External Revenues	$	34,800	$	1,437	$	1,482	$	9,729	$	1,144	$	650	$	110	$	2,052	$	51,404
Long-lived assets	$	304,070	$	8,442	$	11,282	$	785	$	68,693	$	99	$	24,795	$	28,381	$	446,547

Description of Business and Summary of Significant Accounting Policies (Segment Reporting) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 ProductService_Groups	Mar. 31, 2014
Accounting Policies [Abstract]
Total revenue, international percentage	23.90%	32.30%
Number of product/service groups	4us-gaap_NumberOfOperatingSegments
Segment Reporting Information [Line Items]
Document Period End Date	Mar. 31, 2015
Operating revenue	$ 63,753us-gaap_SalesRevenueNet	$ 51,404us-gaap_SalesRevenueNet
Exchanges [Member]
Segment Reporting Information [Line Items]
Operating revenue	46,678	42,105
Broker Systems [Member]
Segment Reporting Information [Line Items]
Operating revenue	3,736	4,486
RCS [Member]
Segment Reporting Information [Line Items]
Operating revenue	12,175	3,425
Carrier Systems [Member]
Segment Reporting Information [Line Items]
Operating revenue	$ 1,164	$ 1,388

Description of Business and Summary of Significant Accounting Policies (Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) (USD $)
In Thousands, unless otherwise specified

Mar. 31, 2015

Dec. 31, 2014

Assets [Abstract]

Total assets measured at fair value

$ 265

^[1]

$ 281

^[1]

Liabilities [Abstract]

Total liabilities measured at fair value

5,330

^[1]

5,367

^[1]

Fair Value, Inputs, Level 1 [Member]

Assets [Abstract]

Total assets measured at fair value

265

^[1]

281

^[1]

Fair Value, Inputs, Level 2 [Member]

Liabilities [Abstract]

Total liabilities measured at fair value

0

^[1]

0

^[1]

Fair Value, Inputs, Level 3 [Member]

Liabilities [Abstract]

Total liabilities measured at fair value

5,330

^[1]

5,367

^[1]

Contingent accrued earn-out acquisition consideration [Member]

Liabilities [Abstract]

Derivative liabilities

5,330

^[1],[2]

5,367

^[1],[2]

Contingent accrued earn-out acquisition consideration [Member] | Fair Value, Inputs, Level 3 [Member]

Liabilities [Abstract]

Derivative liabilities

5,330

^[1],[2]

5,367

^[1],[2]

Certificates of Deposit [Member]

Assets [Abstract]

Available-for-sale securities

265

^[1]

281

^[1]

Certificates of Deposit [Member] | Fair Value, Inputs, Level 1 [Member]

Assets [Abstract]

Available-for-sale securities

$ 265

^[1]

$ 281

^[1]

[1]	During the nine months ended March 31, 2015 and the year ended December 31, 2014 there were no transfers between fair value levels 1, 2, or 3.
[2]	The income valuation approach is applied and the valuation inputs include the contingent payment arrangement terms, projected cash flows, rate of return, and probability assessments.

Description of Business and Summary of Significant Accounting Policies (Assets and Liabilities Measured at Fair Value on a Recurring Basis using Significant Unobservable Inputs) (Details) (USD $)

3 Months Ended

12 Months Ended

Mar. 31, 2015

Dec. 31, 2014

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation:

Beginning balance

$ 5,367,000

$ 14,420,000

(Gains) or losses included in earnings

0

^[1]

(10,237,000)

^[1]

Foreign currency translation adjustments

(37,000)

^[2]

(314,000)

^[2]

Business acquisitions

The amount of total (gains) or losses for the period included in earnings or changes to net assets, attributable to changes in unrealized (gains) or losses relating to assets or liabilities still held at period-end.

$ 0

$ (8,911,000)

[1]	Recorded as an adjustment to reported general and administrative expenses
[2]	Recorded as a component of other comprehensive income within stockholders' equity

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

Description of Business and Summary of Significant Accounting Policies (Fair Value Textuals) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Fair Value Inputs, Discount Rate	1.75%us-gaap_FairValueInputsDiscountRate
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative Liability	$ 5,330us-gaap_DerivativeLiabilities	$ 5,367us-gaap_DerivativeLiabilities	$ 14,420us-gaap_DerivativeLiabilities

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

Description of Business and Summary of Significant Accounting Policies (Accounts Receivables and Allowances) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 44,869,000us-gaap_AccountsReceivableNetCurrent		$ 41,100,000us-gaap_AccountsReceivableNetCurrent
Allowance for doubtful accounts	1,529,000		1,619,000
Deferred revenue included in accounts receivables	7,600,000
Provision for doubtful accounts	9,000us-gaap_ProvisionForDoubtfulAccounts	353,000us-gaap_ProvisionForDoubtfulAccounts
Billed Revenues [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	33,800,000
Unbilled Revenues [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts receivable	$ 11,100,000
Maximum [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Delivery term for contractual elements of revenue arrangements	18 months

Description of Business and Summary of Significant Accounting Policies (Goodwill) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
Business Combination Segment Allocation [Line Items]
Document Period End Date	Mar. 31, 2015
Goodwill [Roll Forward]
Beginning Balance	$ 402,220us-gaap_Goodwill	$ 337,068us-gaap_Goodwill
Additions, net	0us-gaap_GoodwillAcquiredDuringPeriod	68,503us-gaap_GoodwillAcquiredDuringPeriod
Foreign currency translation adjustments	(2,812)us-gaap_GoodwillTranslationAdjustments	(3,351)us-gaap_GoodwillTranslationAdjustments
Ending Balance	$ 399,408us-gaap_Goodwill	$ 402,220us-gaap_Goodwill

Description of Business and Summary of Significant Accounting Policies (Finite-lived Intangible Assets) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Document Period End Date	Mar. 31, 2015
Finite-lived intangible assets, gross	$ 85,308,000		$ 86,301,000
Finite-lived intangible assets, accumulated amortization	(38,433,000)		(36,930,000)
Finite-lived intangible assets, net	46,875,000us-gaap_FiniteLivedIntangibleAssetsNet		49,371,000us-gaap_FiniteLivedIntangibleAssetsNet
Amortization of Acquired Intangible Assets	1,800,000us-gaap_AmortizationOfIntangibleAssets	1,900,000us-gaap_AmortizationOfIntangibleAssets
Customer Relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	65,992,000		66,783,000
Customer Relationships [Member] \| Minimum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	7 years
Customer Relationships [Member] \| Maximum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	20 years
Developed technology [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	15,476,000		15,664,000
Developed technology [Member] \| Minimum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	3 years
Developed technology [Member] \| Maximum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	12 years
Trademarks [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	2,733,000		2,751,000
Trademarks [Member] \| Minimum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	3 years
Trademarks [Member] \| Maximum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	15 years
Non-compete agreements [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	755,000		751,000
Non-compete agreements [Member] \| Maximum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	5 years
Backlog [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	140,000		140,000
Database [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible assets, gross	212,000		212,000
Database [Member] \| Maximum [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Finite-lived intangible asset, useful life	10 years
Customer/territorial relationships [Member]
Finite-Lived and Indefinite-Lived Intangible Assets [Line items]
Indefinite-lived intangible assets	$ 30,887,000		$ 30,887,000

Description of Business and Summary of Significant Accounting Policies Advertising Costs (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Advertising Costs [Abstract]
Advertising Expense	$ 496,000us-gaap_AdvertisingExpense	$ 121,000us-gaap_AdvertisingExpense
Capitalized Direct Response Advertising Costs [Line Items]
Capitalized Direct Response Advertising costs (net of amortization)	$ 1,200,000
Document Period End Date	Mar. 31, 2015
Minimum [Member]
Capitalized Direct Response Advertising Costs [Line Items]
Capitalized Direct Response Advertising Costs, Amortization Period	12 months
Maximum [Member]
Capitalized Direct Response Advertising Costs [Line Items]
Capitalized Direct Response Advertising Costs, Amortization Period	24 months

Earnings per Share (Reconciliation between Basic and Diluted Earnings per Share) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Abstract]
Net income for basic and diluted earnings per share	$ 18,336us-gaap_NetIncomeLoss	$ 15,417us-gaap_NetIncomeLoss
Basic weighted average shares outstanding	35,708	38,318
Dilutive effect of stock options and restricted stock awards	246	282
Diluted weighted average shares outstanding	35,954	38,600
Basic earnings per common share	$ 0.51us-gaap_EarningsPerShareBasic	$ 0.40us-gaap_EarningsPerShareBasic
Diluted earnings per common share	$ 0.51us-gaap_EarningsPerShareDiluted	$ 0.40us-gaap_EarningsPerShareDiluted

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References+ Details

- Definition

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

+ References+ Details

Business Combinations (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		0 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 02, 2015 Companies	Dec. 02, 2014	Nov. 03, 2014	May 21, 2014	Jan. 27, 2014	Dec. 31, 2014	Dec. 31, 2013	Mar. 01, 2015	Dec. 01, 2014
Business Acquisition [Line Items]
Document Period End Date	Mar. 31, 2015
Reduction of acquisition earnout accruals	$ 0	$ (1,762)
Derivative Liability	5,330us-gaap_DerivativeLiabilities							5,367us-gaap_DerivativeLiabilities	14,420us-gaap_DerivativeLiabilities
Business acquisition, contingent consideration, at fair value, noncurrent	4,443							4,480
Business acquisition, contingent consideration, at fair value, current	887							887
Goodwill	399,408us-gaap_Goodwill							402,220us-gaap_Goodwill	337,068us-gaap_Goodwill
Via Media Health [Member]
Business Acquisition [Line Items]
Number of businesses acquired			1
Purchase Price of Business Acquisition, Cost of Acquired Entity										1,000
Derivative, Term of Contract			24 months 0 days
Oakstone [Member]
Business Acquisition [Line Items]
Payments to Acquire Business, Net				23,720
Payments to Acquire Businesses, Gross				31,370
Net working capital adjustment				7,650
Goodwill				28,769
Deferred Revenue				6,500
Oakstone [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)				1,691
Oakstone [Member] \| Developed technology [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)				501
i3 [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross				2,000
Goodwill											3,700
i3 [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)											225
i3 [Member] \| Developed technology [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)											75
Vertex [Member]
Business Acquisition [Line Items]
Derivative, Term of Contract					24 months
Payments to Acquire Businesses, Gross					27,250
Goodwill					27,728
Vertex [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)					2,502
Vertex [Member] \| Developed technology [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)					235
Healthcare Magic [Member]
Business Acquisition [Line Items]
Derivative Liability	596
Derivative, Term of Contract						24 months
Payments to Acquire Businesses, Gross						6,000
Goodwill						5,619
Healthcare Magic [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)						452
Healthcare Magic [Member] \| Developed technology [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)						100
Healthcare Magic [Member] \| Trademarks and Trade Names [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)						59
Healthcare Magic [Member] \| Non-compete agreements [Member]
Business Acquisition [Line Items]
Intangible Assets, Net (Excluding Goodwill)						226
Curepet, Inc. [Member]
Business Acquisition [Line Items]
Purchase Price of Business Acquisition, Cost of Acquired Entity							6,350
Derivative Liability	0						5,000
Purchase Price of Business acquisition, Non-Cash portion of Acquired Entity							1,350
Derivative, Term of Contract							36 months 0 days
Contingent Accrued Earn-out Acquisition Consideration [Member]
Business Acquisition [Line Items]
Derivative Liability	5,330							5,367
Business acquisition, contingent consideration, at fair value, noncurrent	4,400							4,500
Business acquisition, contingent consideration, at fair value, current	900							900
Maximum [Member] \| Via Media Health [Member]
Business Acquisition [Line Items]
Derivative Liability										372
Maximum [Member] \| i3 [Member]
Business Acquisition [Line Items]
Derivative Liability											4,000
Maximum [Member] \| Vertex [Member]
Business Acquisition [Line Items]
Derivative Liability											2,000
Maximum [Member] \| Healthcare Magic [Member]
Business Acquisition [Line Items]
Derivative Liability						12,360
Maximum [Member] \| Curepet, Inc. [Member]
Business Acquisition [Line Items]
Derivative Liability							$ 5,000

Business Combinations (Pro Forma) (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Business Acquisition, Pro Forma Information
Revenue	$ 63,753us-gaap_SalesRevenueNet	$ 51,404us-gaap_SalesRevenueNet
Net income	18,336us-gaap_NetIncomeLoss	15,417us-gaap_NetIncomeLoss
Basic EPS	$ 0.51us-gaap_EarningsPerShareBasic	$ 0.40us-gaap_EarningsPerShareBasic
Diluted EPS	$ 0.51us-gaap_EarningsPerShareDiluted	$ 0.40us-gaap_EarningsPerShareDiluted
Revenue, Net, Increase (Decrease)	12,349ebix_RevenueNetIncreaseDecrease
Revenue, Net, Increase (Decrease), Percentage	24.00%
Parent, Qatarlyst, Curepet , Healthcare Magic Combined [Member]
Business Acquisition, Pro Forma Information
Business Acquisition, Pro Forma Revenue, Increase (Decrease)	(1,333)
Business Acquisition, Pro Forma Revenue, Increase (Decrease), Percentage	(2.00%)
Parent, Curepet , Healthcare Magic, Vertex, Oakstone, and i3 Combined [Member]
Business Acquisition, Pro Forma Information
Revenue, pro forma	64,003	65,336
Net income, pro forma	18,518	14,413
Basic EPS, pro forma	$ 0.52	$ 0.38
Diluted EPS, pro forma	$ 0.52	$ 0.37
Impact of Currency Rates [Member]
Business Acquisition, Pro Forma Information
Revenue, Net, Increase (Decrease)	$ 1,900

Debt with Commercial Bank (Narrative) (Details) (USD $)	3 Months Ended		0 Months Ended
Debt with Commercial Bank (Narrative) (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Aug. 05, 2014	Apr. 26, 2012	May 19, 2014	Feb. 03, 2015
Line of Credit Facility [Line Items]
Document Period End Date	Mar. 31, 2015
Principal payments of debt obligations	$ (12,000)us-gaap_RepaymentsOfLongTermDebt	$ (9,000)us-gaap_RepaymentsOfLongTermDebt
Secured Syndicated Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument, face amount			150,000,000
Deferred Costs, Credit Card Origination Costs, Amount	1,500,000
Secured Syndicated Credit Facility [Member] \| Citi Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument, face amount				100,000,000
Secured Syndicated Credit Facility [Member] \| Revolving Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Term			5 years
Credit agreement, maximum borrowing capacity			200,000,000
Line of Credit Facility, Expansion			50,000,000
Credit agreement, amount outstanding	135,465,000
Principal payments of debt obligations	0
Secured Syndicated Credit Facility [Member] \| Revolving Credit Facility [Member] \| Citi Bank [Member]
Line of Credit Facility [Line Items]
Credit agreement, amount outstanding					7,840,000
Line of credit, interest rate at period end	1.69%
Principal payments of debt obligations	(15,000,000)
Credit agreement, average amount outstanding during period	127,400,000
Credit agreement, maximum amount outstanding during period	135,500,000
Secured Syndicated Credit Facility, First Amendment [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Debt instrument, face amount			150,000,000			190,000,000
Line of Credit, Accordion						50,000,000
Line of Credit Facility, Expansion						90,000,000
Secured Syndicated Credit Facility, First Amendment [Member] \| Revolving Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Credit agreement, maximum borrowing capacity			$ 200,000,000			$ 240,000,000
Minimum [Member] \| Secured Syndicated Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate			1.50%
Mid-range [Member] \| Secured Syndicated Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate			1.6875%
Maximum [Member] \| Secured Syndicated Credit Facility [Member] \| Regions Bank [Member]
Line of Credit Facility [Line Items]
Basis spread on variable interest rate			2.25%

Commitments and Contingencies (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Commitments and Contingencies [Line Items]
Document Period End Date	Mar. 31, 2015
Rent expense, operating leases	$ 1,700,000	$ 1,600,000
Self-insured health insurance, liability	250,000us-gaap_SelfInsuranceReserve
Maximum [Member]
Commitments and Contingencies [Line Items]
Self-insured health insurance limit, per person	120,000
Self-insured health Insurance, aggregate liability based on participants and claims (percentage)	125.00%
Self-insured health insurance, estimated cumulative liability for annual contract	$ 2,900,000
Computer Equipment [Member] \| Minimum [Member]
Commitments and Contingencies [Line Items]
Capital lease obligation, term	3 years
Computer Equipment [Member] \| Maximum [Member]
Commitments and Contingencies [Line Items]
Capital lease obligation, term	5 years

Income Taxes (Narrative) (Details) (USD $)	3 Months Ended		12 Months Ended
Income Taxes (Narrative) (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Operating Loss Carryforwards [Line Items]
Income tax expense	$ 2,397,000us-gaap_IncomeTaxExpenseBenefit	$ 4,211,000us-gaap_IncomeTaxExpenseBenefit
Effective income tax rate	11.43%	12.01%
Unrecognized Tax Benefits	3,107,000us-gaap_UnrecognizedTaxBenefits		3,020,000us-gaap_UnrecognizedTaxBenefits	12,742,000us-gaap_UnrecognizedTaxBenefits
Unrecognized tax benefits, period increase (decrease)	87,000	2,133,000
Unrecognized tax benefits, income tax penalties and interest expense	767,000		680,000
India [Member]
Operating Loss Carryforwards [Line Items]
Foreign tax holiday (percentage)	50.00%
Foreign statutory income tax rate	33.99%
Foreign income tax holiday, term	5 years
Singapore [Member]
Operating Loss Carryforwards [Line Items]
Foreign statutory income tax rate	17.00%
Foreign effective income tax rate	10.00%
UNITED KINGDOM
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	41,400,000
United States
Operating Loss Carryforwards [Line Items]
Operating Loss Carryforwards	$ 41,200,000

Income Taxes (Unrecognized Tax Benefits) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Document Period End Date	Mar. 31, 2015
Unrecognized tax benefit netted against a deferred tax asset for a net operating loss carryforward	$ (929)		$ (1,135)
Unrecognized tax benefits, period increase (decrease)	87	2,133
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	3,020us-gaap_UnrecognizedTaxBenefits	12,742us-gaap_UnrecognizedTaxBenefits	12,742us-gaap_UnrecognizedTaxBenefits
Additions for tax positions related to current year	0		451
Additions for tax positions of prior years	87		9,348
Reductions for tax position of prior years	0		(19,521)
Ending Balance	$ 3,107us-gaap_UnrecognizedTaxBenefits		$ 3,020us-gaap_UnrecognizedTaxBenefits

Income Taxes Income Taxes (Details) (USD $)	3 Months Ended
Income Taxes Income Taxes (Details) (USD $)	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Unrecognized tax benefits, period increase (decrease)	$ 87,000	$ 2,133,000
Income tax expense	2,397,000us-gaap_IncomeTaxExpenseBenefit	4,211,000us-gaap_IncomeTaxExpenseBenefit
Document Period End Date	Mar. 31, 2015
UNITED KINGDOM
Income Tax Disclosure [Abstract]
Operating Loss Carryforwards	$ 41,400,000

Geographic Information (Revenue by Geographic Locations) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2015 Reportable_Segments	Mar. 31, 2014
Segment Reporting [Abstract]
Number of reportable segments	1us-gaap_NumberOfReportableSegments
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	$ 63,753us-gaap_SalesRevenueNet	$ 51,404us-gaap_SalesRevenueNet
Long-lived assets	530,233us-gaap_NoncurrentAssets	446,547us-gaap_NoncurrentAssets
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	48,537	34,800
Long-lived assets	384,092	304,070
Canada
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	685	1,437
Long-lived assets	7,164	8,442
Latin America
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	1,496	1,482
Long-lived assets	7,708	11,282
Australia
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	8,678	9,729
Long-lived assets	524	785
Singapore
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	1,047	1,144
Long-lived assets	68,493	68,693
New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	578	650
Long-lived assets	319	99
India
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	989	110
Long-lived assets	37,426	24,795
Europe
Revenues from External Customers and Long-Lived Assets [Line Items]
External Revenues	1,743	2,052
Long-lived assets	$ 24,507	$ 28,381

Minority Business Investment (Narrative) (Details) (USD $)	3 Months Ended			12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Jun. 30, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2014	Jan. 27, 2014
Schedule of Cost-method Investments [Line Items]
Document Period End Date	Mar. 31, 2015
Revenue	$ 63,753,000us-gaap_SalesRevenueNet	$ 51,404,000us-gaap_SalesRevenueNet
Derivative Liability	5,330,000us-gaap_DerivativeLiabilities			14,420,000us-gaap_DerivativeLiabilities		5,367,000us-gaap_DerivativeLiabilities
Curepet, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Cost Method Investment, Ownership Percentage			19.80%
Payments to Acquire Other Investments			2,000,000
Revenue				1,200,000	1,500,000
Purchase Price of Business Acquisition, Cost of Acquired Entity							6,350,000
Derivative Liability	0						5,000,000
Curepet, Inc. [Member]
Schedule of Cost-method Investments [Line Items]
Revenue	0	125,000
Purchase Price of Business Acquisition, Cost of Acquired Entity							6,350,000
Derivative Liability	$ 0						$ 5,000,000

- Definition

Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset.

+ References+ Details

Other Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Liabilities Disclosure [Abstract]
Unrecognized Tax Benefits	$ 3,107us-gaap_UnrecognizedTaxBenefits	$ 3,020us-gaap_UnrecognizedTaxBenefits	$ 12,742us-gaap_UnrecognizedTaxBenefits
Off-market Lease, Unfavorable	271us-gaap_OffMarketLeaseUnfavorable	294us-gaap_OffMarketLeaseUnfavorable
Unrecognized tax benefit netted against a deferred tax asset for a net operating loss carryforward	(929)	(1,135)
Other liabilities	$ 2,449us-gaap_OtherLiabilitiesNoncurrent	$ 2,179us-gaap_OtherLiabilitiesNoncurrent

Subsequent Events (Details) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended	1 Months Ended
	Mar. 31, 2015	May 07, 2015
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares	994,869
Repurchase and retirement of common stock, Value	$ (24,223)
Common Stock, Dividends, Per Share, Cash Paid	$ 24.35
Subsequent Event [Member]
Subsequent Event [Line Items]
Stock Repurchased During Period, Shares		289,365
Repurchase and retirement of common stock, Value		$ (8,100)
Common Stock, Dividends, Per Share, Cash Paid		$ 28.13

(in thousands)

Fair Value at March 31, 2015

Valuation Technique

Significant Unobservable
Input

Contingent acquisition consideration:
(Qatarlyst, HealthCare Magic, Vertex, and i3 acquisitions)

Discounted cash flow

Projected revenue and probability of achievement