Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2021	Jul. 31, 2021
Cover Abstract
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Transition Report	false
Entity File Number	001-37584
Entity Registrant Name	CPI Card Group Inc.
Entity Central Index Key	0001641614
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-0344657
Entity Address, Address Line One	10368 W. Centennial Road
Entity Address, City or Town	Littleton
Entity Address, State or Province	CO
Entity Address, Postal Zip Code	80127
City Area Code	720
Local Phone Number	681-6304
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	PMTS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		11,238,994
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	Q2

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 30,667	$ 57,603
Accounts receivable, net of allowances of $237 and $289, respectively	55,979	54,592
Inventories	40,273	24,796
Prepaid expenses and other current assets	6,036	5,032
Income taxes receivable	2,522	10,511
Total current assets	135,477	152,534
Plant, equipment, leasehold improvements and operating lease right-of-use assets, net	39,257	39,403
Intangible assets, net	23,909	26,207
Goodwill	47,150	47,150
Other assets	2,575	857
Total assets	248,368	266,151
Current liabilities:
Accounts payable	20,778	18,883
Accrued expenses	31,809	28,149
Current portion of long-term debt		8,027
Deferred revenue and customer deposits	1,157	1,868
Total current liabilities	53,744	56,927
Long-term debt	302,877	328,681
Deferred income taxes	7,447	7,409
Other long-term liabilities	13,563	11,171
Total liabilities	377,631	404,188
Commitments and contingencies (Note 14)
Series A Preferred Stock; $0.001 par value-100,000 shares authorized; 0 shares issued and outstanding at June 30, 2021 and December 31, 2020
Stockholders' deficit:
Common stock; $0.001 par value-100,000,000 shares authorized; 11,237,056 and 11,230,482 shares issued and outstanding at June 30, 2021 and December 31, 2020	11	11
Capital deficiency	(111,726)	(111,858)
Accumulated loss	(17,548)	(26,190)
Total stockholders' deficit	(129,263)	(138,037)
Total liabilities and stockholders' deficit	$ 248,368	$ 266,151

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Condensed Consolidated Balance Sheets
Allowance on accounts receivable	$ 237	$ 289
Preferred shares, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred shares, authorized shares (in shares)	100,000	100,000
Preferred shares, issued shares (in shares)	0	0
Preferred shares, outstanding shares (in shares)	0	0
Common shares, par value (in dollars per share)	$ 0.001	$ 0.001
Common shares, authorized shares (in shares)	100,000,000	100,000,000
Common shares, issued shares (in shares)	11,237,056	11,230,482
Common shares, outstanding shares (in shares)	11,237,056	11,230,482

Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Net sales:
Net Sales	$ 93,219	$ 71,378	$ 182,311	$ 145,347
Cost of sales:
Depreciation and amortization	2,264	2,711	4,680	5,466
Total cost of sales	56,131	48,288	109,502	96,609
Gross profit	37,088	23,090	72,809	48,738
Operating expenses:
Selling, general and administrative (exclusive of depreciation and amortization shown below)	19,748	16,613	35,894	33,276
Depreciation and amortization	1,553	1,505	3,359	2,990
Total operating expenses	21,301	18,118	39,253	36,266
Income from operations	15,787	4,972	33,556	12,472
Other expense, net:
Interest, net	(7,037)	(6,772)	(16,013)	(12,860)
Other income (expense), net	4	(32)	29	(35)
Loss on debt extinguishment			(5,048)	(92)
Total other expense, net	(7,033)	(6,804)	(21,032)	(12,987)
Income (loss) from continuing operations before income taxes	8,754	(1,832)	12,524	(515)
Income tax (expense) benefit	(2,522)	3,115	(3,882)	3,580
Net income from continuing operations	6,232	1,283	8,642	3,065
Net loss from discontinued operations, net of tax (Note 1)		(4)		(30)
Net income	$ 6,232	$ 1,279	$ 8,642	$ 3,035
Basic earnings per share from continuing operations: (in dollar per share)	$ 0.55	$ 0.11	$ 0.77	$ 0.27
Diluted earnings per share from continuing operations: (in dollar per share)	0.53	0.11	0.74	0.27
Basic earnings per share: (in dollar per share)	0.55	0.11	0.77	0.27
Diluted earnings per share: (in dollar per share)	$ 0.53	$ 0.11	$ 0.74	$ 0.27
Basic weighted-average shares outstanding (in shares)	11,233,002	11,229,819	11,231,742	11,227,160
Diluted weighted-average shares outstanding (in shares)	11,762,481	11,233,852	11,720,148	11,242,272
Comprehensive income:
Net income	$ 6,232	$ 1,279	$ 8,642	$ 3,035
Total comprehensive income	6,232	1,279	8,642	3,035
Products
Net sales:
Net Sales	47,156	39,077	94,169	81,578
Cost of sales:
Products and Services (exclusive of depreciation and amortization shown below)	27,928	25,911	55,215	52,290
Services
Net sales:
Net Sales	46,063	32,301	88,142	63,769
Cost of sales:
Products and Services (exclusive of depreciation and amortization shown below)	$ 25,939	$ 19,666	$ 49,607	$ 38,853

Condensed Consolidated Statements of Stockholders' Deficit - USD ($) $ in Thousands	Common Stock	Capital deficiency	Accumulated earnings (loss)	Total
Beginning balance at Dec. 31, 2019	$ 11	$ (111,988)	$ (42,319)	$ (154,296)
Beginning balance (in shares) at Dec. 31, 2019	11,224,191
Shares issued under stock-based compensation plans (in shares)	5,628
Stock-based compensation		53		53
Components of comprehensive income:
Net income			3,035	3,035
Ending balance at Jun. 30, 2020	$ 11	(111,935)	(39,284)	(151,208)
Ending balance (in shares) at Jun. 30, 2020	11,229,819
Beginning balance at Mar. 31, 2020	$ 11	(111,953)	(40,563)	(152,505)
Beginning balance (in shares) at Mar. 31, 2020	11,229,819
Stock-based compensation		18		18
Components of comprehensive income:
Net income			1,279	1,279
Ending balance at Jun. 30, 2020	$ 11	(111,935)	(39,284)	(151,208)
Ending balance (in shares) at Jun. 30, 2020	11,229,819
Beginning balance at Dec. 31, 2020	$ 11	(111,858)	(26,190)	$ (138,037)
Beginning balance (in shares) at Dec. 31, 2020	11,230,482			11,230,482
Stock-based compensation		98		$ 98
Stock option exercises		34		34
Stock option exercises (in shares)	6,574
Components of comprehensive income:
Net income			8,642	8,642
Ending balance at Jun. 30, 2021	$ 11	(111,726)	(17,548)	$ (129,263)
Ending balance (in shares) at Jun. 30, 2021	11,237,056			11,237,056
Beginning balance at Mar. 31, 2021	$ 11	(111,807)	(23,780)	$ (135,576)
Beginning balance (in shares) at Mar. 31, 2021	11,230,482
Stock-based compensation		47		47
Stock option exercises		34		34
Stock option exercises (in shares)	6,574
Components of comprehensive income:
Net income			6,232	6,232
Ending balance at Jun. 30, 2021	$ 11	$ (111,726)	$ (17,548)	$ (129,263)
Ending balance (in shares) at Jun. 30, 2021	11,237,056			11,237,056

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

- Definition

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

+ References + Details

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Operating activities
Net income	$ 8,642	$ 3,035
Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations		30
Depreciation and amortization expense	8,039	8,457
Stock-based compensation expense	98	59
Amortization of debt issuance costs and debt discount	1,393	1,565
Loss on debt extinguishment	5,048	92
Deferred income taxes	38	255
Other, net	142	1,199
Changes in operating assets and liabilities:
Accounts receivable	(1,384)	(2,381)
Inventories	(15,600)	259
Prepaid expenses and other assets	(752)	1,136
Income taxes receivable, net	7,989	(3,799)
Accounts payable	2,548	(1,660)
Accrued expenses	6,530	3,275
Deferred revenue and customer deposits	(715)	629
Other liabilities	730	(105)
Cash provided by operating activities - continuing operations	22,746	12,046
Cash used in operating activities - discontinued operations	0	(30)
Investing activities
Capital expenditures for plant, equipment and leasehold improvements	(3,703)	(1,644)
Other	156
Cash used in investing activities	(3,547)	(1,644)
Financing activities
Principal payments on First Lien Term loan	(312,500)
Principal payments on Senior Credit Facility	(30,000)
Principal payments on ABL Revolver	(15,000)
Proceeds from Senior Notes	310,000
Proceeds from ABL Revolver, net of discount	14,750
Proceeds from Senior Credit Facility, net of discount		29,100
Proceeds from exercise of stock options	34
Debt issuance costs	(9,452)	(2,507)
Payments on debt extinguishment	(2,685)
Payments on finance lease obligations	(1,287)	(1,181)
Cash (used in) provided by financing activities	(46,140)	25,412
Effect of exchange rates on cash	5	(21)
Net (decrease) increase in cash and cash equivalents	(26,936)	35,763
Cash and cash equivalents, beginning of period	57,603	18,682
Cash and cash equivalents, end of period	30,667	54,445
Supplemental disclosures of cash flow information
Cash paid (refunded) during the period for: Interest	8,604	11,519
Cash paid (refunded) during the period for: Income taxes paid	2,284	275
Cash paid (refunded) during the period for: Income taxes (refunded)	(6,003)	(259)
Right-of-use assets obtained in exchange for lease obligations- Operating leases	3,363	141
Right-of-use assets obtained in exchange for lease obligations- Financing leases	484	763
Accounts payable, and accrued expenses for capital expenditures for plant, equipment and leasehold improvements	$ 399	$ 528

Business Overview and Summary of Significant Accounting Policies

6 Months Ended

Jun. 30, 2021

Business Overview and Summary of Significant Accounting Policies

Business Overview and Summary of Significant Accounting Policies

CPI Card Group Inc. and Subsidiaries

Notes to Condensed Consolidated Financial Statements

(Dollars in Thousands, Except Share and Per Share Amounts or as Otherwise Indicated)

(Unaudited)

1. Business Overview and Summary of Significant Accounting Policies

Business Overview

CPI Card Group Inc. (which, together with its subsidiary companies, is referred to herein as “CPI” or the “Company”) is a payment technology company and leading provider of comprehensive Financial Payment Card solutions in the United States. CPI is engaged in the design, production, data personalization, packaging and fulfillment of “Financial Payment Cards,” which the Company defines as credit, debit and Prepaid Debit Cards issued on the networks of the “Payment Card Brands” (Visa, Mastercard^®, American Express^® and Discover^® in the United States and Interac in Canada). The Company defines “Prepaid Debit Cards” as debit cards issued on the networks of the Payment Card Brands but not linked to a traditional bank account. CPI also offers an instant card issuance solution, which provides banks the ability to issue a personalized debit or credit card within the bank branch to individual cardholders.

CPI serves its customers through a network of high-security production and card services facilities in the United States, each of which is audited for compliance with the standards of the Payment Card Industry Security Standards Council (the “PCI Security Standards Council”) by one or more of the Payment Card Brands. CPI’s leading network of high-security production facilities allows the Company to optimize its solutions offerings and effectively meet customers’ needs.

COVID-19 Update

The COVID-19 pandemic has impacted economies and societies globally. The long-term implications of COVID-19 on the Company’s results of operations and overall financial performance remain uncertain. The health and safety of CPI employees remain paramount, and the Company continues to follow response protocols based on precautions and other appropriate measures recommended by the Centers for Disease Control and Prevention, as well as various state and local executive orders, health orders and guidelines.  All of CPI’s operations have remained open and continue to provide direct and essential support to the financial services industry.

The Company believes the global impacts from COVID-19 have contributed to certain adverse effects on its supply chain, including increased lead times for, and higher costs for, certain raw materials and components, as well as a global chip shortage, which are expected to continue in the future. CPI closely monitors its supply chain and has purchased and may continue to purchase additional inventory to help mitigate potential supply chain constraints. The current economic environment has also affected the available labor pool in the areas in which the Company operates, which has resulted in increased labor cost and turnover in our facilities, challenges hiring production employees and shipping delays.

The Company believes the related cost impacts of all of the foregoing will increase through the second half of 2021 and beyond. The Company may not be able to pass some or all of these costs through to its customers. The Company has also experienced increased demand for its products and services. The Company is experiencing increased production lead times, which is likely to continue through the second half of 2021 and beyond, depending on the duration of the staffing and supply chain challenges and the level of demand from its customers. The Company will continue to monitor and respond as the situation evolves.

On March 27, 2020, the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”) was signed into law. The CARES Act, among other things, includes provisions relating to refundable payroll tax credits, deferment of employer social security payments, changes in net operating loss carryback periods, alternative minimum tax credit refunds, modifications to the net interest deduction limitation and technical corrections to tax depreciation methods for qualified improvement property. Refer to Note 11, Income Taxesfor a discussion of the CARES Act income tax impacts on the Company. In addition, CPI deferred employer social security payments in 2020 in accordance with the CARES Act, which are required to be paid in 2021 and 2022. While the Company is participating in certain programs under the CARES Act, the CARES Act and its guidance are subject to change.

Basis of Presentation

Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for the fair statement of the results of the interim periods presented. The condensed consolidated balance sheet as of December 31, 2020 is derived from the audited financial statements as of that date. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.

Discontinued Operations

On August 3, 2018, the Company completed the sale of its three facilities in the United Kingdom that produced retail cards, such as gift and loyalty cards, for customers in the United Kingdom and continental Europe, and provided personalization, packaging and fulfillment services. The facilities sold included Colchester, Liverpool and Derby locations. The Company reported the U.K. Limited reporting segment as discontinued operations in accordance with GAAP. The Company did not retain significant continuing involvement with the discontinued operations subsequent to the disposal. The impact of the discontinued operations was insignificant to the Company’s condensed consolidated statement of operations for the three and six months ended June 30, 2021 and 2020.

Use of Estimates

Management uses estimates and assumptions relating to the reporting of assets and liabilities at the date of the financial statements, the reported revenues and expenses recognized during the reporting period, and certain financial statement disclosures in the preparation of the condensed consolidated financial statements. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and intangible assets, leases, liability for sales tax, valuation allowances for inventories and deferred taxes, revenue recognized for work performed but not completed and uncertain tax positions. Actual results could differ from those estimates.

Recent Accounting Standards

Recently Issued Accounting Standards

In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This ASU changes the model for the recognition of credit losses from an incurred loss model, which recognized credit losses only if it was probable that a loss had been incurred, to an expected loss model, which requires the Company to estimate the total credit losses expected on the portfolio of financial instruments. The effective date of ASU 2016-13 was amended by ASU 2019-10, Credit Losses Effective Dates. Since CPI is a smaller reporting company, adoption of this accounting standard is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods therein, with early adoption permitted. The Company has elected not to early adopt this accounting standard in the current fiscal year 2021. The Company is evaluating the impact of adoption of this standard and does not anticipate the application of ASU 2016-13 will have a material impact on the Company’s consolidated financial position and results of operations.

Adjustment of Prior Period Financial Statements for Immaterial Items

In accordance with Securities and Exchange Commission Staff Accounting Bulletin 99, Materiality, codified in Accounting Standards Codification (“ASC”) 250, Presentation of Financial Statements, during the year ended December 31, 2020, the Company corrected two immaterial items relating to estimated sales tax expense and depreciation expense for prior periods presented by revising the condensed consolidated financial statements and other financial information included herein. For the quarter ended June 30, 2020, the total impact of the prior period adjustment was a decrease to “Selling, General and Administrative expenses” (“SG&A”) of $2,528 for estimated sales tax expense as this balance related to periods prior to 2020, and an increase to “Cost of sales” of $62 for depreciation expense. For the six months ended June 30, 2020, the total impact of the prior period adjustment was a decrease to SG&A of $2,406 for estimated sales tax expense as this balance related to periods prior to 2020, and an increase to “Cost of sales” of $124 for

depreciation expense. Refer to Note 14, Commitments and Contingencies for additional discussion of the estimated sales tax liability recorded in “Accrued expenses” on the condensed consolidated balance sheet.

Net Sales

6 Months Ended

Jun. 30, 2021

Net Sales.

Net Sales

2. Net Sales

The Company disaggregates its net sales by major source as follows:


	Three Months Ended June 30, 2021
	Products		Services		Total
Debit and Credit	$	47,180	$	25,680	$	72,860
Prepaid Debit		—		20,383		20,383
Intersegment eliminations		(24)		—		(24)
Total	$	47,156	$	46,063	$	93,219

		Six Months Ended June 30, 2021
		Products		Services		Total
Debit and Credit		94,359		48,318		142,677
Prepaid Debit		—		39,841		39,841
Intersegment eliminations		(190)		(17)		(207)
Total	$	94,169	$	88,142	$	182,311

	Three Months Ended June 30, 2020
	Products		Services		Total
Debit and Credit	$	39,541	$	18,765	$	58,306
Prepaid Debit		—		13,536		13,536
Intersegment eliminations		(464)		—		(464)
Total	$	39,077	$	32,301	$	71,378

	Six Months Ended June 30, 2020
	Products		Services		Total
Debit and Credit	$	82,452	$	35,693	$	118,145
Prepaid Debit		—		28,076		28,076
Intersegment eliminations		(874)		—		(874)
Total	$	81,578	$	63,769	$	145,347

Products Net Sales

“Products” net sales are recognized when obligations under the terms of a contract with a customer are satisfied. In most instances, this occurs over time as cards are manufactured for specific customers and have no alternative use and the Company has an enforceable right to payment for work performed. For work performed but not completed and unbilled, the Company estimates revenue by taking actual costs incurred and applying historical margins for similar types of contracts. Items included in “Products” net sales are manufactured Financial Payment Cards, including contact-EMV^®, contactless dual-interface EMV, contactless and magnetic stripe cards, our eco-focused solutions, including Second Wave^® and Earthwise^TM cards made with upcycled plastic, metal cards, private label credit cards and retail gift cards. Card@Once^® printers and consumables are also included in “Products” net sales, and their associated revenues are recognized at the time of shipping. The Company includes gross shipping and handling revenue in net sales, and shipping and handling costs in cost of sales.

EMV^® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.

Services Net Sales

Net sales are recognized for “Services” as the services are performed. Items included in “Services” net sales include the personalization and fulfillment of Financial Payment Cards, including CPI On-Demand^® personalization, providing tamper-evident secure packaging and fulfillment services to Prepaid Debit Card program managers and

software-as-a-service personalization of instant issuance debit and credit cards. The Company also generates “Services” net sales from usage-fees generated from the Company’s patented card design software, known as MYCA^TM, which provides customers and cardholders the ability to design cards on the internet and customize cards with individualized digital images. As applicable, for work performed but not completed and unbilled, the Company estimates revenue by taking actual costs incurred and applying historical margins for similar types of contracts.

Customer Contracts

The Company often enters into Master Services Agreements (“MSAs”) with its customers. Generally, enforceable rights and obligations for goods and services occur only when a customer places a purchase order or statement of work to obtain goods or services under an MSA. The contract term as defined by ASC 606, Revenue from Contracts with Customers, is the length of time it takes to deliver the goods or services promised under the purchase order or statement of work. As such, the Company's contracts are generally short term in nature.

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130551-203045

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 13
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130556-203045

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130550-203045

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130558-203045

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 12
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130554-203045

+ Details

Accounts Receivable

6 Months Ended

Jun. 30, 2021

Accounts Receivable

Accounts Receivable

3. Accounts Receivable

Accounts receivable consisted of the following:


	June 30, 2021		December 31, 2020

Trade accounts receivable	$	46,802	$	44,305
Unbilled accounts receivable		9,414		10,576
		56,216		54,881
Less allowance for doubtful accounts		(237)		(289)
	$	55,979	$	54,592

Inventories

6 Months Ended

Jun. 30, 2021

Inventories

Inventories

4. Inventories

Inventories consisted of the following:


	June 30, 2021		December 31, 2020

Raw materials	$	38,021	$	23,009
Finished goods		5,223		4,635
Inventory reserve		(2,971)		(2,848)
	$	40,273	$	24,796

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets

6 Months Ended

Jun. 30, 2021

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets

5. Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets

Plant, equipment, leasehold improvements and operating lease right-of-use assets consisted of the following:


	June 30, 2021		December 31, 2020

Machinery and equipment	$	60,555	$	55,459
Machinery and equipment under financing leases		7,676		9,974
Furniture, fixtures and computer equipment		4,420		4,410
Leasehold improvements		13,879		15,083
Construction in progress		1,523		2,386
		88,053		87,312
Less accumulated depreciation and amortization		(58,206)		(55,092)
Operating lease right-of-use assets, net of accumulated amortization		9,410		7,183
	$	39,257	$	39,403

Depreciation expense of plant, equipment and leasehold improvements, including depreciation of assets under financing leases, was $2,668 and $3,067 for the three months ended June 30, 2021 and 2020, respectively, and $5,741 and $6,158 for the six months ended June 30, 2021 and 2020, respectively.

Operating lease right-of-use assets, net of accumulated amortization, are further described in Note 9, Financing and Operating Leases.

Goodwill and Other Intangible Assets

6 Months Ended

Jun. 30, 2021

Goodwill and Other Intangible Assets

Goodwill and Other Intangible Assets

6. Goodwill and Other Intangible Assets

The Company reports all of its goodwill in the Debit and Credit segment at June 30, 2021 and December 31, 2020. Goodwill is tested for impairment at least annually on October 1 or more frequently when an event occurs or circumstances change that indicate the carrying value may not be recoverable. The Company did not identify a triggering event requiring a quantitative test for impairment as of June 30, 2021.

Intangible assets consist of customer relationships, technology and software, and trademarks. Intangible amortization expense was $1,149 and $1,149 for the three months ended June 30, 2021 and 2020, respectively, and $2,298 and $2,298 for the six months ended June 30, 2021 and 2020, respectively.

At June 30, 2021 and December 31, 2020, intangible assets, excluding goodwill, were comprised of the following:


		June 30, 2021						December 31, 2020
	Weighted Average			Accumulated		Net Book				Accumulated		Net Book
	Life (Years)	Cost		Amortization		Value		Cost		Amortization		Value

Customer relationships	17.2	$	55,454	$	(33,780)	$	21,674	$	55,454		(32,141)	$	23,313
Technology and software	8		7,101		(6,345)		756		7,101		(5,881)		1,220
Trademarks	8.7		3,330		(1,851)		1,479		3,330		(1,656)		1,674
Intangible assets subject to amortization		$	65,885	$	(41,976)	$	23,909	$	65,885	$	(39,678)	$	26,207

The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of June 30, 2021 was as follows:


2021 (excluding the six months ended June 30, 2021)	$	2,054
2022		3,867
2023		3,867
2024		3,630
2025		3,440
Thereafter		7,051
	$	23,909

Fair Value of Financial Instruments

6 Months Ended

Jun. 30, 2021

Fair Value of Financial Instruments

Fair Value of Financial Instruments

7. Fair Value of Financial Instruments

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (exit price). In determining fair value, the Company utilizes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value into three broad levels. The following is a brief description of those three levels:

● Level 1—Valuations based on unadjusted quoted prices in active markets for identical assets or liabilities accessible to the reporting entity at the measurement date.

● Level 2— Observable inputs other than Level 1 prices, such as quoted prices in active markets for similar assets and liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term for the assets or liabilities.

● Level 3— Valuations based on unobservable inputs for the asset or liability used to measure fair value to the extent that observable inputs are not available, thereby allowing for situations in which there is little, if any, market activity for the asset or liability at the measurement date.

The Company’s financial assets and liabilities that are not required to be re-measured at fair value in the condensed consolidated balance sheets were as follows:


	Carrying		Estimated
	Value as of		Fair Value as of		Fair Value Measurement at June 30, 2021
	June 30,		June 30,		(Using Fair Value Hierarchy)
	2021		2021		Level 1		Level 2		Level 3
Liabilities:
Senior Notes	$	310,000	$	329,375	$	—	$	329,375	$	—


	Carrying		Estimated
	Value as of		Fair Value as of		Fair Value Measurement at December 31, 2020
	December 31,		December 31,		(Using Fair Value Hierarchy)
	2020		2020		Level 1		Level 2		Level 3
Liabilities:
First Lien Term Loan	$	312,500	$	287,500	$	—	$	287,500	$	—
Senior Credit Facility		30,000		30,000	$	—	$	—	$	30,000

The aggregate fair value of the Company’s Senior Notes (as defined in Note 10, Long-Term Debt) was based on bank quotes. The carrying amounts for cash and cash equivalents, accounts receivable and accounts payable each approximate fair value.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References + Details

Accrued Expenses

6 Months Ended

Jun. 30, 2021

Accrued Expenses.

Accrued Expenses

8. Accrued Expenses

Accrued expenses consisted of the following:


	June 30, 2021		December 31, 2020

Accrued payroll and related employee expenses	$	5,132	$	4,938
Accrued employee performance bonus		5,543		4,873
Employer payroll tax, including social security deferral		2,959		3,034
Accrued rebates		1,730		1,178
Sales tax liability		1,549		1,696
Accrued interest		7,824		4,145
Operating and financing lease liability (current portion)		3,506		4,407
Other		3,566		3,878
Total accrued expenses	$	31,809	$	28,149

The estimated sales tax liability is further described in Note 14, Commitments and Contingencies and Note 1, Business Overview and Summary of Significant Accounting Policies.

Financing and Operating Leases

6 Months Ended

Jun. 30, 2021

Financing and Operating Leases

Financing and Operating Leases

9. Financing and Operating Leases

Right-of-use (“ROU”) represents the right to use an underlying asset for the lease term, and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. A lease is deemed to exist when the Company has the right to control the use of identified property, plant or equipment, as conveyed through a contract, for a certain period of time and consideration paid. The right to control is deemed to occur when the Company has the right to obtain substantially all of the economic benefits of the identified assets and the right to direct the use of such assets.

The components of operating and finance lease costs were as follows:



	Three Months Ended		Three Months Ended
	June 30, 2021		June 30, 2020
Operating lease costs	$	532	$	671
Variable lease costs		165		176
Short-term operating lease costs		122		-
Total expense from operating leases	$	819	$	847

Finance lease cost:
Right-of-use amortization expense		309		329
Interest on lease liabilities		99		117
Total financing lease costs	$	408	$	446


	Six Months Ended		Six Months Ended
	June 30, 2021		June 30, 2020
Operating lease costs	$	1,041	$	1,342
Variable lease costs		329		349
Short-term operating lease costs		294		-
Total expense from operating leases	$	1,664	$	1,691

Finance lease cost:
Right-of-use amortization expense		602		656
Interest on lease liabilities		205		246
Total financing lease costs	$	807	$	902

The following table reflects balances for operating and financing leases:



	June 30, 2021		December 31, 2020
Operating leases
Operating lease right-of-use assets, net of amortization	$	9,410	$	7,183

Operating lease liability (current)	$	1,742	$	2,267
Long-term operating liability		8,205		5,491
Total operating lease liabilities	$	9,947	$	7,758

Financing leases
Property, equipment and leasehold improvements	$	7,676	$	9,974
Accumulated depreciation		(1,931)		(2,422)
Total property, equipment and leasehold improvements, net	$	5,745	$	7,552

Financing lease liability (current)	$	1,764	$	2,140
Long-term financing liability		2,615		3,052
Total financing lease liabilities	$	4,379	$	5,192

Finance and operating lease ROU assets are recorded in “Plant, equipment, leasehold improvements, and operating lease right-of-use assets, net.” Financing and operating lease liabilities are recorded in “Accrued expenses” and “Other long-term liabilities.”

Future cash payment with respect to lease obligations as of June 30, 2021 were as follows:


		Operating		Financing
		Lease		Leases

2021 (excluding the six months ended June 30, 2021)		1,357		1,058
2022		2,344		2,136
2023		2,216		1,191
2024		2,014		390
2025		1,442		132
Thereafter		3,615		32
Total lease payments		12,988		4,939
Less imputed interest		(3,041)		(560)
Total	$	9,947	$	4,379

Long-Term Debt

6 Months Ended

Jun. 30, 2021

Long-Term Debt.

Long-Term Debt

10. Long-Term Debt

At June 30, 2021 and December 31, 2020, long-term debt consisted of the following:


	Interest		June 30,		December 31,
	Rate ⁽¹⁾		2021		2020
Senior Notes	8.625	%	$	310,000	$	—
ABL Revolver	—	%		—		—
First Lien Term Loan	5.500	%		—		312,500
Senior Credit Facility	9.500	%		—		30,000
Unamortized deferred financing costs				(7,123)		(3,804)
Unamortized discount				—		(1,988)
Total long-term debt			$	302,877	$	336,708
Less current maturities				—		(8,027)
Long-term debt, net of current maturities			$	302,877	$	328,681

(1) The Senior Notes bear interest at a fixed rate. The variable interest rate on the First Lien Term Loan and Senior Credit Facility was 5.5% and 9.5%, respectively, as of December 31, 2020.

On March 15, 2021, the Company completed a private offering by its wholly-owned subsidiary, CPI CG Inc. (the “Issuer”), of $310,000 aggregate principal amount of 8.625% senior secured notes due 2026 (the “Senior Notes”) and related guarantees. The notes and related guarantees were offered and sold in a private transaction exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act and outside the United States to certain non-U.S. persons in compliance with Regulation S under the Securities Act. In addition, the Company and CPI CG Inc. as borrower entered into a credit agreement with Wells Fargo Bank, National Association, as lender, administrative agent and collateral agent, providing for an asset-based, senior secured revolving credit facility of up to $50,000 (the “ABL Revolver”).

In connection with the issuance of the Senior Notes and entry into the ABL Revolver, the Company terminated its existing credit facilities consisting of a $30,000 senior credit agreement, dated as of March 6, 2020, among the Company, CPI CG Inc., as borrower, the lenders party thereto and Guggenheim Credit Services, LLC as administrative agent and collateral agent (the “Senior Credit Facility”), and a $435,000 first lien term loan, dated as of August 17, 2015 as amended, among the Company, the borrower, the lenders party thereto, GLAS USA LLC, as administrative agent and GLAS Americas LLC, as collateral agent (the “First Lien Term Loan”).

Net proceeds from the Senior Notes, together with cash on hand and initial borrowings of $15,000 under the ABL Revolver, were used to pay in full and terminate the Senior Credit Facility and First Lien Term Loan on March 15, 2021, and to pay related fees and expenses. As of March 15, 2021, the Company had outstanding borrowings of $30,000, plus accrued and unpaid interest, under the Senior Credit Facility, and $304,746, plus accrued and unpaid interest, under the First Lien Term Loan. In addition, early termination of the Senior Credit Facility required payment of a “make-whole” premium of $2,635 as an early termination penalty, which was paid on March 15, 2021, and recorded as

interest expense on the condensed consolidated statement of comprehensive income for the six months ended June 30, 2021.

During the second quarter of 2021, the Company used $15,000 of cash on hand to pay down the ABL Revolver to zero and had no borrowings outstanding thereunder as of June 30, 2021.

The Senior Notes bear interest at a rate of 8.625% per annum and mature on March 15, 2026. Interest is payable on the Senior Notes on March 15 and September 15 of each year, beginning on September 15, 2021. The ABL Revolver matures on the earliest to occur of March 15, 2026 and the date that is 90 days prior to the maturity of the Senior Notes. Borrowings under the ABL Revolver bear interest at a rate per annum that ranges from the LIBOR Rate plus 1.25% to the LIBOR Rate plus 1.75%, or the Base Rate plus 0.25% to the Base Rate plus 0.75%, based on the average daily borrowing capacity under the ABL Revolver over the most recently completed month. The Company may elect to apply either the LIBOR Rate or Base Rate interest to borrowings at its discretion. The unused portion of the ABL Revolver commitment accrues a commitment fee, which ranges from 0.375% to 0.50% per annum, based on the average daily borrowing capacity under the ABL Revolver over the immediately preceding month.

The Senior Notes are guaranteed by the Company and certain of its current and future wholly-owned domestic subsidiaries (other than the Issuer) that guarantee the ABL Revolver, and are secured by substantially all of the assets of the Issuer and the guarantors, subject to customary exceptions. The ABL Revolver is guaranteed by the Company and its subsidiaries (other than the Issuer and excluded subsidiaries), and is secured by substantially all of the assets of the Issuer and the guarantors, subject to customary exceptions.

The Senior Notes and the ABL Revolver contain covenants limiting the ability of the Company, the Issuer and the Company’s restricted subsidiaries to, among other things, incur or guarantee additional debt or issue disqualified stock or certain preferred stock; create or incur liens; pay dividends, redeem stock or make other distributions; make certain investments; create restrictions on the ability of the Issuer and its restricted subsidiaries to pay dividends to the Company or make other intercompany transfers; transfer or sell assets; merge or consolidate; and enter into certain transactions with affiliates, subject to a number of important exceptions and qualifications as set forth in the respective agreements.

The Company may have obligations to make an offer to repay the Senior Notes, requiring prepayment in advance of the maturity date, upon the occurrence of certain events including a change of control, certain asset sales and based on an annual excess cash flow calculation. The annual excess cash flow calculation is determined pursuant to the terms of that certain Indenture, dated as of March 15, 2021, by and among Issuer, the Company, the subsidiary guarantors and U.S. Bank National Association, as trustee, with any required prepayments to be made after the issuance of the Company’s annual financial statements.

As of December 31, 2020, $8,027 of debt principal was classified as a current liability as a result of an excess free cash flow calculation for 2020 pursuant to the terms of the Senior Credit Facility and the First Lien Term Loan. The Company offered to prepay the balance, pursuant to the terms of the Senior Credit Facility and the First Lien Term Loan, which resulted in a required principal prepayment of $7,754 to the First Lien Term Loan lenders on March 4, 2021, plus accrued interest thereon.

Deferred Financing Costs and Discount

Certain costs and discounts incurred with borrowings or the establishment or modification of credit facilities are reflected as a reduction to the long-term debt balance. These costs are amortized as an adjustment to interest expense over the life of the borrowing using the effective-interest rate method. The debt issuance costs recorded on the Senior Notes were $7,558 and are reported as a reduction to the long-term debt balance as of June 30, 2021. The net discount and debt issuance costs on the ABL Revolver were $2,144 and are recorded as other assets (current and long term) on the condensed consolidated balance sheet as of June 30, 2021.

During the six months ended June 30, 2021, the Company recorded a $5,048 loss on debt extinguishment relating to the unamortized deferred financing costs and debt discount in connection with the termination of the Senior Credit Facility and First Lien Term Loan.

Income Taxes

6 Months Ended

Jun. 30, 2021

Income Taxes

Income Taxes

11. Income Taxes

During the three months ended June 30, 2021, the Company recognized an income tax expense of $2,522 on a pre-tax income of $8,754, compared to an income tax benefit of $3,115 on a pre-tax loss from continuing operations of $1,832 for the prior year period. During the six months ended June 30, 2021, the Company recognized an income tax expense of $3,882 on pre-tax income of $12,524, representing an effective income tax rate of 31.0%. For the six months ended June 30, 2020, the Company recognized an income tax benefit of $3,580 on a pre-tax loss from continuing operations of $515, representing an effective income tax rate of 695.1%.

For the six months ended June 30, 2021 and 2020, the effective tax rate differs from the U.S. federal statutory income tax rate as follows:


	June 30,
	2021		2020
Tax at federal statutory rate	21.0	%	21.0	%
State taxes, net	6.0		10.4
Valuation allowance	0.0		11.4
Permanent items	2.8		10.8
Tax benefit CARES Act	0.0		643.0
Other	1.2		(1.5)
Effective income tax rate	31.0	%	695.1	%

During the six months ended June 30, 2021, the Company received cash income tax refunds of $6,003 related primarily to U.S. federal income taxes for prior tax years, including net operating loss (“NOL”) carrybacks relating to the CARES Act. As of June 30, 2021, the Company has an income tax receivable on the condensed consolidated balance sheet relating to certain remaining U.S. federal income tax receivables including CARES Act income tax refunds, net of current income tax provisional amounts due.

The Company believes that it is reasonably possible that $317 of its unrecognized tax benefits may be recognized in the next one year period as a result of settlement with the taxing authorities. As such, this balance is reflected in “Accrued expenses” in the Company’s condensed consolidated balance sheet as of June 30, 2021.

In March 2020, the CARES Act was signed into law. The CARES Act allowed companies with NOLs originating in 2018, 2019, or 2020 to carry back those losses for five years and temporarily eliminated the tax law provision that limits the use of NOLs to 80% of taxable income. The CARES Act increased the Internal Revenue Code Section 163(j) interest deduction limit for 2019 and 2020, and allowed for the acceleration of refunds of alternative minimum tax credits. For the six months ended June 30, 2020, the Company recorded an estimated tax benefit for certain provisions in the CARES Act including the carryback of losses and the increase to the interest deduction limitation, resulting in a tax rate benefit of 643.0%.

- 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

Stockholders' Deficit

6 Months Ended

Jun. 30, 2021

Stockholders' Deficit

Stockholders' Deficit

12. Stockholders’ Deficit

Common Stock

Common Stock has a par value of $0.001 per share. Holders of Common Stock are entitled to receive dividends and distributions subject to the participation rights of holders of all classes of stock at the time outstanding, as such holders may have prior rights as to dividends pursuant to the rights of any series of Preferred Stock. Upon any liquidation, dissolution or winding up of the Company, after required payments are made to holders of any series of Preferred Stock, any remaining assets of the Company will be distributed ratably to the holders of Common Stock. Holders of Common Stock are entitled to one vote per share.

Earnings per Share

6 Months Ended

Jun. 30, 2021

Earnings per Share

Earnings per Share

13. Earnings per Share

Basic and diluted earnings per share is computed by dividing net income by the weighted-average number of common shares outstanding during the period.

The following table sets forth the computation of basic and diluted earnings per share:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator:
Net income from continuing operations		6,232		1,283		8,642		3,065
Net loss from discontinued operations		—		(4)		—		(30)
Net income	$	6,232	$	1,279	$	8,642	$	3,035

Denominator:
Basic weighted-average common shares outstanding		11,233,002		11,229,819		11,231,742		11,227,160
Dilutive shares		529,479		4,033		488,406		15,112
Diluted weighted-average common shares outstanding		11,762,481		11,233,852		11,720,148		11,242,272

Basic earnings per share from continuing operations:		0.55		0.11		0.77		0.27
Basic earnings per share from discontinued operations:		—		(0.00)		—		(0.00)
Basic earnings per share:	$	0.55	$	0.11	$	0.77	$	0.27

Diluted earnings per share from continuing operations:		0.53		0.11		0.74		0.27
Diluted earnings per share from discontinued operations:		—		(0.00)		—		(0.00)
Diluted earnings per share:	$	0.53	$	0.11	$	0.74	$	0.27

Commitments and Contingencies

6 Months Ended

Jun. 30, 2021

Commitments and Contingencies

Commitments and Contingencies

14. Commitments and Contingencies

Commitments

Refer to Note 9, Financing and Operating Leases for details on the Company’s future cash payments with respect to financing and operating leases. During the normal course of business, the Company enters into non-cancellable agreements to purchase goods and services, including production equipment and information technology systems. The Company leases real property for its facilities under non-cancellable operating lease agreements. Land and facility leases expire at various dates between 2022 and 2028 and contain various provisions for rental adjustments and renewals. The leases typically require the Company to pay property taxes, insurance and normal maintenance costs.

Contingencies

In accordance with applicable accounting guidance, the Company establishes an accrued liability when loss contingencies are both probable and estimable. In such cases, there may be an exposure to loss in excess of any amounts accrued. As a matter develops, the Company, in conjunction with any outside counsel handling the matter, evaluates on an ongoing basis whether such matter presents a loss contingency that is probable and estimable. Once the loss contingency is deemed to be both probable and estimable, the Company will establish an accrued liability and record a corresponding amount of expense. The Company expenses professional fees associated with litigation claims and assessments as incurred.

Smart Packaging Solutions SA v. CPI Card Group Inc.

On April 20, 2021, Smart Packaging Solutions, SA (“SPS”) filed a patent infringement lawsuit against the Company in the United States District Court for the District of Delaware seeking an unspecified amount of damages and equitable relief. In the complaint, SPS alleges that the Company infringed four patents that SPS has exclusively licensed from Feinics AmaTech Teoranta. The patents all relate to antenna technology. SPS alleges that the Company

incorporates the patented technology into its products that use contactless communication. The Company does not manufacture antennas; it purchases certain antenna-related components from SPS and a number of other suppliers. The Company has not been formally served with the complaint and thus has not yet filed an answer. The Company intends to investigate and pursue its rights relating to the claims and to defend the suit vigorously. However, no assurance can be given that this matter will be resolved favorably. Accordingly, it is not yet possible to reliably determine any potential liability that could result from this matter in the event of an adverse determination, and no liability has been recorded as of June 30, 2021.

In addition to the matter described above, the Company may be subject to routine legal proceedings in the ordinary course of business. The Company believes that the ultimate resolution of any such matters will not have a material adverse effect on its business, financial condition or results of operations.

Estimated Sales Tax Liability

The Company has continued to evaluate a state sales tax liability analysis for states in which it has economic nexus and to collect exemption documentation from its customers. It is probable that the Company will be subject to sales tax liabilities plus interest and penalties relating to historical activity in certain states. The estimated liability for sales tax as of June 30, 2021 and December 31, 2020 was $1,549 and $1,696, respectively, and is recorded in accrued expenses in the condensed consolidated balance sheets. The liability decreased from the estimate recorded in the prior period due to ongoing activity. As the Company remits cash to the applicable state tax authorities for historical sales tax and interest, the liability balance decreases. Due to the estimates involved in the analysis, the Company expects that the estimated liability will change in the future, and may exceed the current estimate. The Company also may be subject to examination by the relevant state tax authorities. Sales tax recovered from customers reduces the estimated expense when it is received or probable of collection. Future changes to the liability that impact the condensed consolidated statements of operations will be recorded within SG&A. During the six months ended June 30, 2021, the Company recorded a sales tax benefit of $465 within SG&A for current activity relating to sales tax recovered from customers and net changes to the estimated liability.

Stock Based Compensation

6 Months Ended

Jun. 30, 2021

Stock Based Compensation

Stock Based Compensation

15. Stock-Based Compensation

CPI Card Group Inc. Omnibus Incentive Plan

In October 2015, the Company adopted the CPI Card Group Inc. Omnibus Incentive Plan (the “Omnibus Plan”) pursuant to which cash and equity based incentives may be granted to participating employees, advisors and directors. On May 27, 2021, the Company’s stockholders approved an amendment and restatement of the Omnibus Plan to, among other things, increase the total number of shares of the Company’s Common Stock reserved and available for issuance thereunder by 1,000,000 shares resulting in a total of 2,200,000 shares of Common Stock issuable under the Omnibus Plan. As of June 30, 2021, there were 1,185,113 shares of Common Stock available for grant under the Omnibus Plan.

During the six months ended June 30, 2021, and during the fiscal year ended December 31, 2020, the Company did not grant any awards of non-qualified stock options. The following is a summary of the activity in outstanding stock options under the Omnibus Plan:


				Weighted-
		Weighted-		Average
		Average		Remaining
		Exercise		Contractual Term
	Options	Price		(in Years)
Outstanding as of December 31, 2020	706,372	$	15.20	6.44
Exercised	(6,574)		5.25	-
Forfeited	—		-	-
Outstanding as of June 30, 2021	699,798	$	15.29	5.91
Options vested and exercisable as of June 30, 2021	666,498	$	15.95	5.85
Options vested and expected to vest as of June 30, 2021	699,798	$	15.29	5.91

The following is a summary of the activity in unvested stock options under the Omnibus Plan:


		Weighted-Average
	Options	Grant-Date Fair Value

Unvested as of December 31, 2020	45,319	$	1.10
Vested	(12,019)		1.70
Unvested as of June 30, 2021	33,300	$	0.98

Unvested stock options of 33,300 as of June 30, 2021 are expected to vest entirely in the second half of 2021.

The following table summarizes the changes in the number of outstanding restricted stock units:


				Weighted-
				Average
		Weighted-		Remaining
		Average		Amortization
		Grant-Date		Period
	Shares	Fair Value		(in Years)
Outstanding as of December 31, 2020	180,001	$	2.12
Forfeited	(4,499)		2.12
Outstanding as of June 30, 2021	175,502	$	2.12	1.26

The Company granted 180,001 restricted stock units to employees on October 2, 2020. The restricted stock unit awards contain conditions associated with continued employment or service and vest two years from the date of grant. On the vesting date, shares of Common Stock will be issued to the award recipients. Unvested restricted stock units of 175,502 as of June 30, 2021 are expected to vest entirely in October 2022.

Compensation expense for the Omnibus Plan for the three months ended June 30, 2021 and 2020 was $47 and $18, respectively. Compensation expense for the Omnibus Plan for the six months ended June 30, 2021 and 2020 was $98 and $59, respectively. As of June 30, 2021, the total unrecognized compensation expense related to unvested options and restricted stock units is $238, which the Company expects to recognize over an estimated weighted-average period of approximately 1.3 years.

Segment Reporting

6 Months Ended

Jun. 30, 2021

Segment Reporting

Segment Reporting

16. Segment Reporting

The Company has identified reportable segments as those consolidated subsidiaries that represent 10% or more of its net sales, EBITDA (as defined below) or total assets, or when the Company believes information about the segment would be useful to the readers of the financial statements. The Company’s chief operating decision maker is its Chief Executive Officer, who is charged with management of the Company and is responsible for the evaluation of operating performance and decision making about the allocation of resources to operating segments based on measures, such as net sales and EBITDA.

EBITDA is the primary measure used by the Company’s chief operating decision maker to evaluate segment operating performance. As the Company uses the term, “EBITDA” is defined as income before interest expense, income taxes, depreciation and amortization. The Company’s chief operating decision maker believes EBITDA is a meaningful measure and is useful as a supplement to GAAP measures as it represents a transparent view of the Company’s operating performance that is unaffected by fluctuations in property, equipment and leasehold improvement additions. The Company’s chief operating decision maker uses EBITDA to perform periodic reviews and comparison of operating trends and to identify strategies to improve the allocation of resources amongst segments.

As of June 30, 2021, the Company’s reportable segments were as follows:

● Debit and Credit;

● Prepaid Debit; and

● Other.

Debit and Credit Segment

The Debit and Credit segment primarily produces Financial Payment Cards and provides integrated card services, including card personalization and fulfilment services, to card-issuing banks primarily in the United States. Products manufactured by this segment primarily include EMV and non-EMV Financial Payment Cards, including contact and contactless dual-interface cards, and plastic and encased metal cards, and our eco-focused solutions including Second Wave payment cards featuring a core made with recovered ocean bound plastic and Earthwise cards made with upcycled plastic. The Company also sells Card@Once instant card issuance solutions, and private label credit cards that are not issued on the networks of the Payment Cards Brands. The Company provides CPI On-Demand services, where images, personalized payment cards, and related collateral are produced on a one-by-one, on-demand basis for customers. The Debit and Credit segment facilities are audited for compliance with the standards of the PCI Security Standards Council by multiple Payment Card Brands.

Prepaid Debit Segment

The Prepaid Debit segment primarily provides integrated card services to Prepaid Debit Card providers in the United States, including tamper-evident security packaging. This segment also produces Financial Payment Cards issued on the networks of the Payment Card Brands that are included in the tamper-evident security packages. The Prepaid Debit segment facilities are audited for compliance with the standards of the PCI Security Standards Council by multiple Payment Card Brands.

Other

The Other segment includes corporate expenses and the loss on debt extinguishment.

Performance Measures of Reportable Segments

Net Sales and EBITDA of the Company’s reportable segments for the three and six months ended June 30, 2021 and 2020, were as follows:


	Net Sales
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Debit and Credit	$	72,860	$	58,306	$	142,677	$	118,145
Prepaid Debit		20,383		13,536		39,841		28,076
Intersegment eliminations		(24)		(464)		(207)		(874)
Total	$	93,219	$	71,378	$	182,311	$	145,347


	EBITDA
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Debit and Credit	$	22,322	$	13,121	$	44,722	$	28,080
Prepaid Debit		8,106		3,982		15,679		8,642
Other		(10,820)		(7,947)		(23,825)		(15,921)
Total	$	19,608	$	9,156	$	36,576	$	20,801

The following table provides a reconciliation of total segment EBITDA to net income for the three and six months ended June 30, 2021 and 2020:


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Total segment EBITDA	$	19,608	$	9,156	$	36,576	$	20,801
Interest, net		(7,037)		(6,772)		(16,013)		(12,860)
Income tax (expense) benefit		(2,522)		3,115		(3,882)		3,580
Depreciation and amortization		(3,817)		(4,216)		(8,039)		(8,456)
Net loss from discontinued operations		—		(4)		—		(30)
Net income	$	6,232	$	1,279	$	8,642	$	3,035

Balance Sheet Data of Reportable Segments

Total assets of the Company’s reportable segments at June 30, 2021 and December 31, 2020, were as follows:


	June 30, 2021		December 31, 2020

Debit and Credit	$	204,881	$	215,846
Prepaid Debit		39,213		34,734
Other		4,274		15,571
Total assets	$	248,368	$	266,151

Net Sales to Geographic Locations, Property, Equipment and Leasehold Improvements and Long-Lived Assets

Each of the Company’s Net Sales, Property, Equipment and Leasehold Improvements, and Long-Lived Assets relating to geographic locations outside of the United States is insignificant.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 21
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Business Overview and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2021
Business Overview and Summary of Significant Accounting Policies
Basis of Presentation	Basis of Presentation Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) have been condensed or omitted pursuant to Form 10-Q and Article 8 of Regulation S-X. In the opinion of management, these financial statements reflect all adjustments (consisting of normal recurring adjustments) considered necessary for the fair statement of the results of the interim periods presented. The condensed consolidated balance sheet as of December 31, 2020 is derived from the audited financial statements as of that date. The accompanying condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020.
Discontinued Operations	Discontinued Operations On August 3, 2018, the Company completed the sale of its three facilities in the United Kingdom that produced retail cards, such as gift and loyalty cards, for customers in the United Kingdom and continental Europe, and provided personalization, packaging and fulfillment services. The facilities sold included Colchester, Liverpool and Derby locations. The Company reported the U.K. Limited reporting segment as discontinued operations in accordance with GAAP. The Company did not retain significant continuing involvement with the discontinued operations subsequent to the disposal. The impact of the discontinued operations was insignificant to the Company’s condensed consolidated statement of operations for the three and six months ended June 30, 2021 and 2020.
Use of Estimates	Use of Estimates Management uses estimates and assumptions relating to the reporting of assets and liabilities at the date of the financial statements, the reported revenues and expenses recognized during the reporting period, and certain financial statement disclosures in the preparation of the condensed consolidated financial statements. Significant items subject to such estimates and assumptions include the carrying amount of property and equipment, goodwill and intangible assets, leases, liability for sales tax, valuation allowances for inventories and deferred taxes, revenue recognized for work performed but not completed and uncertain tax positions. Actual results could differ from those estimates.
Recent Accounting Standards	Recent Accounting Standards Recently Issued Accounting Standards In June 2016, the Financial Accounting Standards Board issued Accounting Standards Update (“ASU”) 2016-13, Measurement of Credit Losses on Financial Instruments ("ASU 2016-13"). This ASU changes the model for the recognition of credit losses from an incurred loss model, which recognized credit losses only if it was probable that a loss had been incurred, to an expected loss model, which requires the Company to estimate the total credit losses expected on the portfolio of financial instruments. The effective date of ASU 2016-13 was amended by ASU 2019-10, Credit Losses Effective Dates. Since CPI is a smaller reporting company, adoption of this accounting standard is effective for the Company for fiscal years beginning after December 15, 2022, and interim periods therein, with early adoption permitted. The Company has elected not to early adopt this accounting standard in the current fiscal year 2021. The Company is evaluating the impact of adoption of this standard and does not anticipate the application of ASU 2016-13 will have a material impact on the Company’s consolidated financial position and results of operations.
Adjustment of Prior Period Financial Statements for Immaterial Items	Adjustment of Prior Period Financial Statements for Immaterial Items In accordance with Securities and Exchange Commission Staff Accounting Bulletin 99, Materiality, codified in Accounting Standards Codification (“ASC”) 250, Presentation of Financial Statements, during the year ended December 31, 2020, the Company corrected two immaterial items relating to estimated sales tax expense and depreciation expense for prior periods presented by revising the condensed consolidated financial statements and other financial information included herein. For the quarter ended June 30, 2020, the total impact of the prior period adjustment was a decrease to “Selling, General and Administrative expenses” (“SG&A”) of $2,528 for estimated sales tax expense as this balance related to periods prior to 2020, and an increase to “Cost of sales” of $62 for depreciation expense. For the six months ended June 30, 2020, the total impact of the prior period adjustment was a decrease to SG&A of $2,406 for estimated sales tax expense as this balance related to periods prior to 2020, and an increase to “Cost of sales” of $124 for depreciation expense. Refer to Note 14, Commitments and Contingencies for additional discussion of the estimated sales tax liability recorded in “Accrued expenses” on the condensed consolidated balance sheet.

Net Sales (Tables)

6 Months Ended

Jun. 30, 2021

Net Sales.

Schedule of disaggregation of net sales by major source


	Three Months Ended June 30, 2021
	Products		Services		Total
Debit and Credit	$	47,180	$	25,680	$	72,860
Prepaid Debit		—		20,383		20,383
Intersegment eliminations		(24)		—		(24)
Total	$	47,156	$	46,063	$	93,219

		Six Months Ended June 30, 2021
		Products		Services		Total
Debit and Credit		94,359		48,318		142,677
Prepaid Debit		—		39,841		39,841
Intersegment eliminations		(190)		(17)		(207)
Total	$	94,169	$	88,142	$	182,311

	Three Months Ended June 30, 2020
	Products		Services		Total
Debit and Credit	$	39,541	$	18,765	$	58,306
Prepaid Debit		—		13,536		13,536
Intersegment eliminations		(464)		—		(464)
Total	$	39,077	$	32,301	$	71,378

	Six Months Ended June 30, 2020
	Products		Services		Total
Debit and Credit	$	82,452	$	35,693	$	118,145
Prepaid Debit		—		28,076		28,076
Intersegment eliminations		(874)		—		(874)
Total	$	81,578	$	63,769	$	145,347

Accounts Receivable (Tables)

6 Months Ended

Jun. 30, 2021

Accounts Receivable

Schedule of accounts receivable


	June 30, 2021		December 31, 2020

Trade accounts receivable	$	46,802	$	44,305
Unbilled accounts receivable		9,414		10,576
		56,216		54,881
Less allowance for doubtful accounts		(237)		(289)
	$	55,979	$	54,592

Inventories (Tables)

6 Months Ended

Jun. 30, 2021

Inventories

Schedule of inventories


	June 30, 2021		December 31, 2020

Raw materials	$	38,021	$	23,009
Finished goods		5,223		4,635
Inventory reserve		(2,971)		(2,848)
	$	40,273	$	24,796

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets (Tables)

6 Months Ended

Jun. 30, 2021

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets

Schedule of plant, equipment, leasehold improvements and operating lease right-to-use assets


	June 30, 2021		December 31, 2020

Machinery and equipment	$	60,555	$	55,459
Machinery and equipment under financing leases		7,676		9,974
Furniture, fixtures and computer equipment		4,420		4,410
Leasehold improvements		13,879		15,083
Construction in progress		1,523		2,386
		88,053		87,312
Less accumulated depreciation and amortization		(58,206)		(55,092)
Operating lease right-of-use assets, net of accumulated amortization		9,410		7,183
	$	39,257	$	39,403

Goodwill and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2021

Goodwill and Other Intangible Assets

Schedule of intangible assets excluding goodwill


		June 30, 2021						December 31, 2020
	Weighted Average			Accumulated		Net Book				Accumulated		Net Book
	Life (Years)	Cost		Amortization		Value		Cost		Amortization		Value

Customer relationships	17.2	$	55,454	$	(33,780)	$	21,674	$	55,454		(32,141)	$	23,313
Technology and software	8		7,101		(6,345)		756		7,101		(5,881)		1,220
Trademarks	8.7		3,330		(1,851)		1,479		3,330		(1,656)		1,674
Intangible assets subject to amortization		$	65,885	$	(41,976)	$	23,909	$	65,885	$	(39,678)	$	26,207

Schedule of future aggregate amortization expense for identified amortizable intangibles

The estimated future aggregate amortization expense for the identified amortizable intangibles noted above as of June 30, 2021 was as follows:


2021 (excluding the six months ended June 30, 2021)	$	2,054
2022		3,867
2023		3,867
2024		3,630
2025		3,440
Thereafter		7,051
	$	23,909

Fair Value of Financial Instruments (Tables)

6 Months Ended

Jun. 30, 2021

Fair Value of Financial Instruments

Schedule of financial assets and liabilities subject to fair value measurements

The Company’s financial assets and liabilities that are not required to be re-measured at fair value in the condensed consolidated balance sheets were as follows:


	Carrying		Estimated
	Value as of		Fair Value as of		Fair Value Measurement at June 30, 2021
	June 30,		June 30,		(Using Fair Value Hierarchy)
	2021		2021		Level 1		Level 2		Level 3
Liabilities:
Senior Notes	$	310,000	$	329,375	$	—	$	329,375	$	—


	Carrying		Estimated
	Value as of		Fair Value as of		Fair Value Measurement at December 31, 2020
	December 31,		December 31,		(Using Fair Value Hierarchy)
	2020		2020		Level 1		Level 2		Level 3
Liabilities:
First Lien Term Loan	$	312,500	$	287,500	$	—	$	287,500	$	—
Senior Credit Facility		30,000		30,000	$	—	$	—	$	30,000

Accrued Expenses (Tables)

6 Months Ended

Jun. 30, 2021

Accrued Expenses.

Schedule of Accrued Expenses


	June 30, 2021		December 31, 2020

Accrued payroll and related employee expenses	$	5,132	$	4,938
Accrued employee performance bonus		5,543		4,873
Employer payroll tax, including social security deferral		2,959		3,034
Accrued rebates		1,730		1,178
Sales tax liability		1,549		1,696
Accrued interest		7,824		4,145
Operating and financing lease liability (current portion)		3,506		4,407
Other		3,566		3,878
Total accrued expenses	$	31,809	$	28,149

Financing and Operating Leases (Tables)

6 Months Ended

Jun. 30, 2021

Financing and Operating Leases

Schedule of operating and finance lease costs



	Three Months Ended		Three Months Ended
	June 30, 2021		June 30, 2020
Operating lease costs	$	532	$	671
Variable lease costs		165		176
Short-term operating lease costs		122		-
Total expense from operating leases	$	819	$	847

Finance lease cost:
Right-of-use amortization expense		309		329
Interest on lease liabilities		99		117
Total financing lease costs	$	408	$	446


	Six Months Ended		Six Months Ended
	June 30, 2021		June 30, 2020
Operating lease costs	$	1,041	$	1,342
Variable lease costs		329		349
Short-term operating lease costs		294		-
Total expense from operating leases	$	1,664	$	1,691

Finance lease cost:
Right-of-use amortization expense		602		656
Interest on lease liabilities		205		246
Total financing lease costs	$	807	$	902

Schedule of balances for operating and financing leases



	June 30, 2021		December 31, 2020
Operating leases
Operating lease right-of-use assets, net of amortization	$	9,410	$	7,183

Operating lease liability (current)	$	1,742	$	2,267
Long-term operating liability		8,205		5,491
Total operating lease liabilities	$	9,947	$	7,758

Financing leases
Property, equipment and leasehold improvements	$	7,676	$	9,974
Accumulated depreciation		(1,931)		(2,422)
Total property, equipment and leasehold improvements, net	$	5,745	$	7,552

Financing lease liability (current)	$	1,764	$	2,140
Long-term financing liability		2,615		3,052
Total financing lease liabilities	$	4,379	$	5,192

Schedule of future cash payments with respect to lease obligations

Future cash payment with respect to lease obligations as of June 30, 2021 were as follows:


		Operating		Financing
		Lease		Leases

2021 (excluding the six months ended June 30, 2021)		1,357		1,058
2022		2,344		2,136
2023		2,216		1,191
2024		2,014		390
2025		1,442		132
Thereafter		3,615		32
Total lease payments		12,988		4,939
Less imputed interest		(3,041)		(560)
Total	$	9,947	$	4,379

Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2021

Long-Term Debt.

Schedule of long-term debt


	Interest		June 30,		December 31,
	Rate ⁽¹⁾		2021		2020
Senior Notes	8.625	%	$	310,000	$	—
ABL Revolver	—	%		—		—
First Lien Term Loan	5.500	%		—		312,500
Senior Credit Facility	9.500	%		—		30,000
Unamortized deferred financing costs				(7,123)		(3,804)
Unamortized discount				—		(1,988)
Total long-term debt			$	302,877	$	336,708
Less current maturities				—		(8,027)
Long-term debt, net of current maturities			$	302,877	$	328,681

(1) The Senior Notes bear interest at a fixed rate. The variable interest rate on the First Lien Term Loan and Senior Credit Facility was 5.5% and 9.5%, respectively, as of December 31, 2020.

- Definition

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

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28541-108399

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21506-112644

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=119993939&loc=d3e28551-108399

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21521-112644

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21538-112644

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21475-112644

+ Details

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2021

Income Taxes

Schedule of effective income tax rate reconciliation


	June 30,
	2021		2020
Tax at federal statutory rate	21.0	%	21.0	%
State taxes, net	6.0		10.4
Valuation allowance	0.0		11.4
Permanent items	2.8		10.8
Tax benefit CARES Act	0.0		643.0
Other	1.2		(1.5)
Effective income tax rate	31.0	%	695.1	%

Earnings per Share (Tables)

6 Months Ended

Jun. 30, 2021

Earnings per Share

Computation of basic and diluted earnings per share


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Numerator:
Net income from continuing operations		6,232		1,283		8,642		3,065
Net loss from discontinued operations		—		(4)		—		(30)
Net income	$	6,232	$	1,279	$	8,642	$	3,035

Denominator:
Basic weighted-average common shares outstanding		11,233,002		11,229,819		11,231,742		11,227,160
Dilutive shares		529,479		4,033		488,406		15,112
Diluted weighted-average common shares outstanding		11,762,481		11,233,852		11,720,148		11,242,272

Basic earnings per share from continuing operations:		0.55		0.11		0.77		0.27
Basic earnings per share from discontinued operations:		—		(0.00)		—		(0.00)
Basic earnings per share:	$	0.55	$	0.11	$	0.77	$	0.27

Diluted earnings per share from continuing operations:		0.53		0.11		0.74		0.27
Diluted earnings per share from discontinued operations:		—		(0.00)		—		(0.00)
Diluted earnings per share:	$	0.53	$	0.11	$	0.74	$	0.27

Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2021

Stock Based Compensation

Summary of outstanding and exercisable stock options


				Weighted-
		Weighted-		Average
		Average		Remaining
		Exercise		Contractual Term
	Options	Price		(in Years)
Outstanding as of December 31, 2020	706,372	$	15.20	6.44
Exercised	(6,574)		5.25	-
Forfeited	—		-	-
Outstanding as of June 30, 2021	699,798	$	15.29	5.91
Options vested and exercisable as of June 30, 2021	666,498	$	15.95	5.85
Options vested and expected to vest as of June 30, 2021	699,798	$	15.29	5.91

Schedule of vesting for unvested options


		Weighted-Average
	Options	Grant-Date Fair Value

Unvested as of December 31, 2020	45,319	$	1.10
Vested	(12,019)		1.70
Unvested as of June 30, 2021	33,300	$	0.98

Summary of changes in outstanding restricted stock units


				Weighted-
				Average
		Weighted-		Remaining
		Average		Amortization
		Grant-Date		Period
	Shares	Fair Value		(in Years)
Outstanding as of December 31, 2020	180,001	$	2.12
Forfeited	(4,499)		2.12
Outstanding as of June 30, 2021	175,502	$	2.12	1.26

Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2021

Segment Reporting

Schedule of revenue and EBITDA of the company's reportable segments


	Net Sales
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Debit and Credit	$	72,860	$	58,306	$	142,677	$	118,145
Prepaid Debit		20,383		13,536		39,841		28,076
Intersegment eliminations		(24)		(464)		(207)		(874)
Total	$	93,219	$	71,378	$	182,311	$	145,347


	EBITDA
	Three Months Ended June 30,				Six Months Ended June 30,
	2021		2020		2021		2020
Debit and Credit	$	22,322	$	13,121	$	44,722	$	28,080
Prepaid Debit		8,106		3,982		15,679		8,642
Other		(10,820)		(7,947)		(23,825)		(15,921)
Total	$	19,608	$	9,156	$	36,576	$	20,801

Schedule of reconciliation of total segment EBITDA to income before taxes


	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2021		2020		2021		2020
Total segment EBITDA	$	19,608	$	9,156	$	36,576	$	20,801
Interest, net		(7,037)		(6,772)		(16,013)		(12,860)
Income tax (expense) benefit		(2,522)		3,115		(3,882)		3,580
Depreciation and amortization		(3,817)		(4,216)		(8,039)		(8,456)
Net loss from discontinued operations		—		(4)		—		(30)
Net income	$	6,232	$	1,279	$	8,642	$	3,035

Schedule of total assets of the company's reportable segments


	June 30, 2021		December 31, 2020

Debit and Credit	$	204,881	$	215,846
Prepaid Debit		39,213		34,734
Other		4,274		15,571
Total assets	$	248,368	$	266,151

Business Overview and Summary of Significant Accounting Policies - Adjustment of Prior Financial Statements for Immaterial Items (Details) $ in Thousands		3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 03, 2018 facility	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Jun. 30, 2021 USD ($)	Jun. 30, 2020 USD ($)	Dec. 31, 2020 item
Adjustment of Prior Period Financial Statements for Immaterial Items
Selling, general and administrative		$ 19,748	$ 16,613	$ 35,894	$ 33,276
Cost of goods and services sold		$ 2,264	2,711	$ 4,680	5,466
Number of facilities \| facility	3
Revision of 2017 Through 2020 Immaterial Errors
Adjustment of Prior Period Financial Statements for Immaterial Items
Number of immaterial items corrected \| item						2
Revision of 2017 Through 2020 Immaterial Errors \| Revision of Prior Period Error Correction Adjustment
Adjustment of Prior Period Financial Statements for Immaterial Items
Selling, general and administrative			(2,528)		(2,406)
Cost of goods and services sold			$ 62		$ 124

Net Sales (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Net Sales (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue
Net Sales	$ 93,219	$ 71,378	$ 182,311	$ 145,347
Operating Segments \| Debit and Credit
Disaggregation of Revenue
Net Sales	72,860	58,306	142,677	118,145
Operating Segments \| Prepaid Debit
Disaggregation of Revenue
Net Sales	20,383	13,536	39,841	28,076
Intersegment eliminations
Disaggregation of Revenue
Net Sales	(24)	(464)	(207)	(874)
Products
Disaggregation of Revenue
Net Sales	47,156	39,077	94,169	81,578
Products \| Operating Segments \| Debit and Credit
Disaggregation of Revenue
Net Sales	47,180	39,541	94,359	82,452
Products \| Intersegment eliminations
Disaggregation of Revenue
Net Sales	(24)	(464)	(190)	(874)
Services
Disaggregation of Revenue
Net Sales	46,063	32,301	88,142	63,769
Services \| Operating Segments \| Debit and Credit
Disaggregation of Revenue
Net Sales	25,680	18,765	48,318	35,693
Services \| Operating Segments \| Prepaid Debit
Disaggregation of Revenue
Net Sales	$ 20,383	$ 13,536	39,841	$ 28,076
Services \| Intersegment eliminations
Disaggregation of Revenue
Net Sales			$ (17)

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Accounts Receivable (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accounts Receivable
Trade accounts receivable	$ 46,802	$ 44,305
Unbilled accounts receivable	9,414	10,576
Accounts receivable, gross	56,216	54,881
Less allowance for doubtful accounts	(237)	(289)
Accounts receivable, net	$ 55,979	$ 54,592

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Inventories
Raw materials	$ 38,021	$ 23,009
Finished goods	5,223	4,635
Inventory reserve	(2,971)	(2,848)
Inventory	$ 40,273	$ 24,796

Plant, Equipment, Leasehold Improvements and Operating Lease Right-of-Use Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	$ 88,053		$ 88,053		$ 87,312
Less accumulated depreciation and amortization	(58,206)		(58,206)		(55,092)
Operating lease right-of-use assets, net of accumulated amortization	9,410		9,410		7,183
Total property, equipment and leasehold improvements, net	39,257		39,257		39,403
Depreciation	2,668	$ 3,067	5,741	$ 6,158
Machinery and equipment
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	60,555		60,555		55,459
Machinery and equipment under financing leases
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	7,676		7,676		9,974
Furniture, fixtures and computer equipment
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	4,420		4,420		4,410
Leasehold improvements
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	13,879		13,879		15,083
Construction in progress
Plant, Equipment and Leasehold Improvements
Plant, equipment and leasehold improvements, gross	$ 1,523		$ 1,523		$ 2,386

Goodwill and Other Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Intangible Assets
Intangible amortization expense	$ 1,149	$ 1,149	$ 2,298	$ 2,298
Intangible assets subject to amortization, Gross Book Value	65,885		65,885		$ 65,885
Intangible assets subject to amortization, Accumulated Amortization	(41,976)		(41,976)		(39,678)
Intangible assets subject to amortization, Net Book Value	23,909		$ 23,909		26,207
Customer relationships
Intangible Assets
Weighted Average Life			17 years 2 months 12 days
Intangible assets subject to amortization, Gross Book Value	55,454		$ 55,454		55,454
Intangible assets subject to amortization, Accumulated Amortization	(33,780)		(33,780)		(32,141)
Intangible assets subject to amortization, Net Book Value	21,674		$ 21,674		23,313
Technology and software
Intangible Assets
Weighted Average Life			8 years
Intangible assets subject to amortization, Gross Book Value	7,101		$ 7,101		7,101
Intangible assets subject to amortization, Accumulated Amortization	(6,345)		(6,345)		(5,881)
Intangible assets subject to amortization, Net Book Value	756		$ 756		1,220
Trademarks
Intangible Assets
Weighted Average Life			8 years 8 months 12 days
Intangible assets subject to amortization, Gross Book Value	3,330		$ 3,330		3,330
Intangible assets subject to amortization, Accumulated Amortization	(1,851)		(1,851)		(1,656)
Intangible assets subject to amortization, Net Book Value	$ 1,479		$ 1,479		$ 1,674

Goodwill and Other Intangible Assets - Future Aggregate Amortization Expense (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Estimated future aggregate amortization expense
2021 (excluding the six months ended June 30, 2021)	$ 2,054
2022	3,867
2023	3,867
2024	3,630
2025	3,440
Thereafter	7,051
Intangible assets subject to amortization, Net Book Value	$ 23,909	$ 26,207

Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 15, 2021	Dec. 31, 2020
Senior Notes
Liabilities:
Carrying amount	$ 310,000	$ 310,000
Level 2 \| Senior Notes
Liabilities:
Long-term debt	329,375
First Lien Credit Facility
Liabilities:
Carrying amount			$ 312,500
First Lien Credit Facility \| Term Loan
Liabilities:
Carrying amount			312,500
First Lien Credit Facility \| Level 2 \| Term Loan
Liabilities:
Long-term debt			287,500
Senior Credit Facility
Liabilities:
Carrying amount			30,000
Senior Credit Facility \| Term Loan
Liabilities:
Carrying amount			30,000
Senior Credit Facility \| Level 3 \| Term Loan
Liabilities:
Long-term debt			30,000
Estimate of Fair Value \| Senior Notes
Liabilities:
Long-term debt	$ 329,375
Estimate of Fair Value \| First Lien Credit Facility \| Term Loan
Liabilities:
Long-term debt			287,500
Estimate of Fair Value \| Senior Credit Facility \| Term Loan
Liabilities:
Long-term debt			$ 30,000

Accrued Expenses (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Accrued Expenses.
Accrued payroll and related employee expenses	$ 5,132	$ 4,938
Accrued employee performance bonus	5,543	4,873
Employer payroll tax, including social security deferral	2,959	3,034
Accrued rebates	1,730	1,178
Sales tax liability	1,549	1,696
Accrued interest	7,824	4,145
Operating and financing lease liability (current portion)	3,506	4,407
Other	3,566	3,878
Total accrued expenses	$ 31,809	$ 28,149

Financing and Operating Leases - Components of Operating and Finance Lease Expense (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Operating lease cost:
Operating lease costs	$ 532	$ 671	$ 1,041	$ 1,342
Variable lease costs	165	176	329	349
Short-term operating lease costs	122		294
Total expense from operating leases	819	847	1,664	1,691
Finance lease cost:
Right-of-use amortization expense	309	329	602	656
Interest on lease liabilities	99	117	205	246
Total financing lease cost	$ 408	$ 446	$ 807	$ 902

Financing and Operating Leases - Operating and Financing Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Leases
Operating lease right-of-use assets, net of amortization	$ 9,410	$ 7,183
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property, Plant, Equipment and Operating Lease Right-of-Use Asset	Property, Plant, Equipment and Operating Lease Right-of-Use Asset
Operating lease liability (current)	$ 1,742	$ 2,267
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Long-term operating liability	$ 8,205	$ 5,491
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total operating lease liabilities	$ 9,947	$ 7,758
Property, equipment and leasehold improvements	88,053	87,312
Accumulated depreciation	(58,206)	(55,092)
Total property, equipment and leasehold improvements, net	39,257	39,403
Financing lease liability (current)	$ 1,764	$ 2,140
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Long-term financing liability	$ 2,615	$ 3,052
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other Liabilities, Noncurrent	Other Liabilities, Noncurrent
Total financing lease liabilities	$ 4,379	$ 5,192
Financing leases
Leases
Property, equipment and leasehold improvements	7,676	9,974
Accumulated depreciation	(1,931)	(2,422)
Total property, equipment and leasehold improvements, net	$ 5,745	$ 7,552

Financing and Operating Leases - Lease Maturity (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Operating Leases
2021 (excluding the six months ended June 30, 2021)	$ 1,357
2022	2,344
2023	2,216
2024	2,014
2025	1,442
Thereafter	3,615
Total operating lease payment	12,988
Less imputed interest	(3,041)
Total operating lease liabilities	9,947	$ 7,758
Financing Leases
2021 (excluding the six months ended June 30, 2021)	1,058
2022	2,136
2023	1,191
2024	390
2025	132
Thereafter	32
Total financing lease payment	4,939
Less imputed interest	(560)
Total financing lease liabilities	$ 4,379	$ 5,192

Long-Term Debt - Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 15, 2021	Dec. 31, 2020
Long-term Debt
Unamortized deferred financing costs	$ (7,123)		$ (3,804)
Unamortized discount			(1,988)
Total long-term debt	302,877		336,708
Less current maturities of long-term debt			(8,027)
Long-term debt, net of current maturities	$ 302,877		$ 328,681
Senior Notes
Long-term Debt
Interest rate (as a percent)	8.625%
Long-term debt	$ 310,000	$ 310,000
First Lien Credit Facility
Long-term Debt
Interest rate (as a percent)			5.50%
Long-term debt			$ 312,500
Senior Credit Facility
Long-term Debt
Interest rate (as a percent)			9.50%
Long-term debt			$ 30,000

Long-Term Debt - First Lien Credit Facility (Details) - USD ($)			3 Months Ended	6 Months Ended
	Mar. 15, 2021	Mar. 04, 2021	Jun. 30, 2021	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Long-term Debt
Proceeds from Revolving Credit Facility				$ 14,750,000
Amount outstanding						$ 8,027,000
Loss on debt extinguishment				(5,048,000)	$ (92,000)
Senior Notes
Long-term Debt
Interest rate (as a percent)	8.625%
Long-term debt	$ 310,000,000		$ 310,000,000	$ 310,000,000
Debt instrument term				90 days
Debi issuance cost			7,558,000	$ 7,558,000
ABL Revolver
Long-term Debt
Maximum borrowing capacity	50,000,000
Repayment of debt			15,000,000
Proceeds from Revolving Credit Facility	15,000,000
Amount outstanding			0	0
Debi issuance cost			$ 2,144,000	$ 2,144,000
ABL Revolver \| Minimum
Long-term Debt
Percentage of commitment fee				0.375%
ABL Revolver \| Maximum
Long-term Debt
Percentage of commitment fee				0.50%
ABL Revolver \| Base rate \| Minimum
Long-term Debt
Applicable margin over reference rate (as a percent)				0.25%
ABL Revolver \| Base rate \| Maximum
Long-term Debt
Applicable margin over reference rate (as a percent)				0.75%
ABL Revolver \| LIBOR \| Minimum
Long-term Debt
Applicable margin over reference rate (as a percent)				1.25%
ABL Revolver \| LIBOR \| Maximum
Long-term Debt
Applicable margin over reference rate (as a percent)				1.75%
First Lien Credit Facility
Long-term Debt
Long-term debt						312,500,000
Amount outstanding	304,746,000
Principal prepayment		$ 7,754,000
First Lien Credit Facility \| Term Loan
Long-term Debt
Repayment of debt				$ 435,000,000
Long-term debt						312,500,000
Senior Credit Facility
Long-term Debt
Repayment of debt				$ 30,000,000
Long-term debt						30,000,000
Amount outstanding	30,000,000
Early termination penalty	$ 2,635,000
Senior Credit Facility \| Term Loan
Long-term Debt
Long-term debt						$ 30,000,000

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Income Taxes
Income tax (expense) benefit	$ (2,522)	$ 3,115	$ (3,882)	$ 3,580
Income (loss) before income taxes	$ 8,754	$ (1,832)	$ 12,524	$ (515)
Operating Loss Carryforwards, Period			5 years

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 940
-SubTopic 20
-Section 25
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=68072869&loc=d3e41242-110953

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(10))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(8))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 235
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-05(b)(2))
-URI http://asc.fasb.org/extlink&oid=120399901&loc=d3e537907-122884

Reference 9: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(15))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

+ Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

Income Taxes - Effective Income Tax Rate Reconciliation (Details)	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Effective Income Tax Rate Reconciliation
Tax at federal statutory rate (as a percent)	21.00%	21.00%
State taxes, net (as a percent)	6.00%	10.40%
Valuation allowance (as a percent)	0.00%	11.40%
Permanent items (as a percent)	2.80%	10.80%
Tax benefit CARES Act (as a percent)	0.00%	643.00%
Other (as a percent)	1.20%	(1.50%)
Effective income tax rate (as a percent)	31.00%	695.10%

Income Taxes - Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Unrecognized Tax Benefits
Proceeds from income tax refunds	$ 6,003	$ 259
Unrecognized tax benefits expected to be recognized in next twelve months	$ 317

Stockholders' Deficit (Details)	Jun. 30, 2021 item $ / shares	Dec. 31, 2020 $ / shares
Stockholders' Deficit
Common shares, par value (in dollars per share) \| $ / shares	$ 0.001	$ 0.001
Common Stock
Class of Stock
Voting rights per share \| item	1

Earnings per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Numerator:
Net income from continuing operations	$ 6,232	$ 1,283	$ 8,642	$ 3,065
Net loss from discontinued operations		(4)		(30)
Net income	$ 6,232	$ 1,279	$ 8,642	$ 3,035
Denominator:
Basic weighted-average common shares outstanding (in shares)	11,233,002	11,229,819	11,231,742	11,227,160
Dilutive shares	529,479	4,033	488,406	15,112
Diluted weighted-average shares outstanding (in shares)	11,762,481	11,233,852	11,720,148	11,242,272
Basic earnings per share from continuing operations: (in dollar per share)	$ 0.55	$ 0.11	$ 0.77	$ 0.27
Basic earnings per share from discontinued operations (in dollar per share)		0.00		0.00
Basic earnings per share: (in dollar per share)	0.55	0.11	0.77	0.27
Basic earnings per share from continuing operations: (in dollar per share)	0.53	0.11	0.74	0.27
Diluted earnings per share from discontinued operations: (in dollar per share)		0.00		0.00
Diluted earnings per share: (in dollar per share)	$ 0.53	$ 0.11	$ 0.74	$ 0.27

Commitments and Contingencies - Contingencies (Details)	6 Months Ended
Commitments and Contingencies - Contingencies (Details)	Jun. 30, 2021 USD ($)	Apr. 20, 2021 item	Dec. 31, 2020 USD ($)
Commitments and Contingencies
Sales tax expense reversed	$ 465,000
Sales tax liability	1,549,000		$ 1,696,000
Pending Litigation
Commitments and Contingencies
Sales tax liability	1,549,000		$ 1,696,000
Smart Packaging Solutions SA v. CPI Card Group, Inc. \| Pending Litigation
Commitments and Contingencies
The number of patents involved in lawsuit \| item		4
Loss contingency accrual	$ 0

Stock Based Compensation - Omnibus Incentive Plan (Details) - Omnibus Plan - Stock Options - $ / shares		6 Months Ended	12 Months Ended
	May 27, 2021	Jun. 30, 2021	Dec. 31, 2020
Stock based compensation
Number of additional shares authorized	1,000,000
Number of shares available for grant	2,200,000	1,185,113
Stock options granted (in shares)		0	0
Number of shares
Balance at beginning of year (in shares)		706,372
Exercised (in shares)		(6,574)
Balance at end of year (in shares)		699,798	706,372
Options: Options vested and exercisable		666,498
Options: Options vested and expected to vest		699,798
Weighted-Average Exercise Price
Balance at beginning of year (in dollars per share)		$ 15.20
Exercised (in dollars per share)		5.25
Balance at end of year (in dollars per share)		15.29	$ 15.20
Weighted-Average Exercise Price: Options vested and exercisable		15.95
Weighted-Average Exercise Price: Options vested and expected to vest		$ 15.29
Weighted- Average Remaining Contractual Term (in Years)
Balance (in years)		5 years 10 months 28 days	6 years 5 months 8 days
Weighted-Average Remaining Contractual Term (in Years): Options vested and exercisable		5 years 10 months 6 days
Weighted-Average Remaining Contractual Term (in Years): Options vested and expected to vest		5 years 10 months 28 days
Number of unvested options scheduled to vest
Non-Vested Options as of beginning of period		45,319
Vested (in shares)		(12,019)
Non-Vested Options as of end of period		33,300	45,319
Weighted-Average Grant Date Fair Value
Non-Vested, beginning balance		$ 1.10
Vested: Weighted-Average Grant Date Fair Value		1.70
Non-Vested, ending balance		$ 0.98	$ 1.10
2021
Number of unvested options scheduled to vest
Non-Vested Options as of end of period		33,300

Stock Based Compensation - Restricted Stock Units (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended		6 Months Ended
	Oct. 02, 2020	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Restricted stock units
Number of Restricted Stock Units
Granted (in shares)	180,001
Weighted Average Grant Date Fair Value
Vesting period	2 years
Omnibus Plan
Weighted Average Grant Date Fair Value
Unrecognized compensation expense		$ 238		$ 238
Period over which compensation expense expected to recognize				1 year 3 months 18 days
Omnibus Plan \| Restricted stock units
Number of Restricted Stock Units
Units outstanding at the beginning of the period (in shares)				180,001
Forfeited (in shares)				(4,499)
Units outstanding at the end of the period (in shares)		175,502		175,502
Weighted Average Grant Date Fair Value
Units outstanding at the beginning of the period (in dollars per shares)				$ 2.12
Forfeited (in dollars per share)				2.12
Units outstanding at the end of the period (in dollars per shares)		$ 2.12		$ 2.12
Weighted-Average Remaining Amortization Period				1 year 3 months 3 days
Compensation expense		$ 47	$ 18	$ 98	$ 59
Omnibus Plan \| Restricted stock units \| 2022
Number of Restricted Stock Units
Granted (in shares)				175,502

Segment Reporting - Revenue and EBITDA from Continuing Operations (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Segment Reporting
Revenue	$ 93,219	$ 71,378	$ 182,311	$ 145,347
EBITDA	19,608	9,156	36,576	20,801
Debit and Credit
Segment Reporting
EBITDA	22,322	13,121	44,722	28,080
Prepaid Debit
Segment Reporting
EBITDA	8,106	3,982	15,679	8,642
Other
Segment Reporting
EBITDA	(10,820)	(7,947)	(23,825)	(15,921)
Operating Segments \| Debit and Credit
Segment Reporting
Revenue	72,860	58,306	142,677	118,145
Operating Segments \| Prepaid Debit
Segment Reporting
Revenue	20,383	13,536	39,841	28,076
Intersegment eliminations
Segment Reporting
Revenue	$ (24)	$ (464)	$ (207)	$ (874)

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 4
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130543-203045

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=121604090&loc=SL49130545-203045

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 924
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-URI http://asc.fasb.org/extlink&oid=6472922&loc=d3e499488-122856

+ Details

Segment Reporting - Reconciliation of EBITDA to net income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Reconciliation of total segment EBITDA to income before taxes
Total segment EBITDA	$ 19,608	$ 9,156	$ 36,576	$ 20,801
Interest, net	(7,037)	(6,772)	(16,013)	(12,860)
Income tax (expense) benefit	(2,522)	3,115	(3,882)	3,580
Depreciation and amortization	(3,817)	(4,216)	(8,039)	(8,456)
Net loss from discontinued operations		(4)		(30)
Net income	$ 6,232	$ 1,279	$ 8,642	$ 3,035

- Definition

Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References + Details

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References + Details

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669619-108580

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04(22))
-URI http://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 11
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22694-107794

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=109222650&loc=SL51721683-107760

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22595-107794

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121641772&loc=SL7669625-108580

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 220
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04(18))
-URI http://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03(20))
-URI http://asc.fasb.org/extlink&oid=120395209&loc=SL114868664-224227

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=121586364&loc=d3e3602-108585

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22499-107794

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22663-107794

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22583-107794

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 60B
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=121326447&loc=SL5780133-109256

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 250
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=109234566&loc=d3e22658-107794

+ Details

Segment Reporting - Balance Sheet Data (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Segment Reporting
Total assets	$ 248,368	$ 266,151
Debit and Credit
Segment Reporting
Total assets	204,881	215,846
Prepaid Debit
Segment Reporting
Total assets	39,213	34,734
Other
Segment Reporting
Total assets	$ 4,274	$ 15,571

- Definition

Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(11))
-URI http://asc.fasb.org/extlink&oid=120398452&loc=d3e534808-122878

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=75031198&loc=d3e14064-108612

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=121559654&loc=d3e5710-111685

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 45
-Paragraph 25
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=116870748&loc=SL6758485-165988

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-Subparagraph (d)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599

Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(12))
-URI http://asc.fasb.org/extlink&oid=120400017&loc=d3e572229-122910

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 323
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=114001798&loc=d3e33918-111571

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8906-108599

+ Details