View Filing Data

Document And Entity Information - shares	3 Months Ended
Document And Entity Information - shares	Mar. 31, 2012	Apr. 30, 2012
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2012
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2012
Entity Registrant Name	FLEETCOR TECHNOLOGIES INC
Entity Central Index Key	0001175454
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		83,087,791

Consolidated Balance Sheets - USD ($)
$ in Thousands

Mar. 31, 2012

Dec. 31, 2011

Current assets:

Cash and cash equivalents

$ 287,119

$ 285,159

Restricted cash

57,209

55,762

Accounts receivable (less allowance for doubtful accounts of $17,742 and $15,315, respectively)

599,810

481,791

Securitized accounts receivable-restricted for securitization investors

341,000

280,000

Prepaid expenses and other current assets

17,305

15,416

Deferred income taxes

4,337

4,797

Total current assets

1,306,780

1,122,925

Property and equipment

99,479

93,380

Less accumulated depreciation and amortization

(65,252)

(60,656)

Net property and equipment

34,227

32,724

Goodwill

763,487

823,549

Other intangibles, net

373,412

299,460

Other assets

83,010

45,834

Total assets

2,560,916

2,324,492

Current liabilities:

Accounts payable

534,111

478,882

Accrued expenses

40,237

42,242

Customer deposits

174,975

180,269

Securitization facility

^[1]

341,000

280,000

Current portion of notes payable and other obligations

179,359

140,354

Total current liabilities

1,269,682

1,121,747

Notes payable and other obligations, less current portion

274,883

278,429

Deferred income taxes

133,310

112,880

Total noncurrent liabilities

408,193

391,309

Commitments and contingencies (Note 11)

Stockholders' equity:

Common stock, $0.001 par value; 475,000,000 shares authorized, 114,801,901 shares issued and 82,920,231 shares outstanding at March 31, 2012; and 475,000,000 shares authorized, 113,741,883 shares issued and 81,860,213 shares outstanding at December 31, 2011

114

Additional paid-in capital

486,657

466,203

Retained earnings

576,577

534,498

Accumulated other comprehensive loss

(4,644)

(13,716)

Less treasury stock (31,881,670 shares at March 31, 2012 and 31,881,670 at December 31, 2011)

(175,663)

Total stockholders' equity

883,041

811,436

Total liabilities and stockholders' equity

$ 2,560,916

$ 2,324,492

[1]

The Company is party to a receivables purchase agreement (Securitization Facility) that was amended and restated for the fourth time as of October 29, 2007 and which has been amended seven times since then to add or remove purchasers, extend the facility termination date and remove all financial covenants. The current purchase limit under the Securitization Facility is $500 million. The Securitization Facility was amended for the seventh time on February 6, 2012 to add a new purchaser and extend the facility termination date to February 4, 2013. There is a program fee equal to the Commercial Paper Rate of 0.26%, plus 0.75% as of March 31, 2012. The unused facility fee is payable at a rate of 0.35% per annum as of March 31, 2012. The Securitization Facility provides for certain termination events, which includes nonpayment, upon the occurrence of which the administrator may declare the facility termination date to have occurred, may exercise certain enforcement rights with respect to the receivables, and may appoint a successor servicer, among other things.

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2012	Dec. 31, 2011
Consolidated Balance Sheets [Abstract]
Accounts receivable, allowance for doubtful accounts	$ 17,742	$ 15,315
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	475,000,000	475,000,000
Common stock, shares issued	114,801,901	113,741,883
Common stock, shares outstanding	82,920,231	81,860,213
Treasury stock, shares	31,881,670	31,881,670

Consolidated Statements Of Income - USD ($) $ in Thousands	3 Months Ended
Consolidated Statements Of Income - USD ($) $ in Thousands	Mar. 31, 2012	Mar. 31, 2011
Consolidated Statements Of Income [Abstract]
Revenues, net	$ 146,165	$ 111,005
Expenses:
Merchant commissions	10,393	8,277
Processing	25,579	17,932
Selling	10,175	7,787
General and administrative	23,823	17,915
Depreciation and amortization	11,720	8,607
Operating income	64,475	50,487
Other expense (income), net	588	(34)
Interest expense, net	3,563	3,363
Total other expense	4,151	3,329
Income before taxes	60,324	47,158
Provision for taxes	18,245	14,823
Net income	$ 42,079	$ 32,335
Earnings per share:
Basic earnings per share	$ 0.51	$ 0.40
Diluted earnings per share	$ 0.49	$ 0.39
Weighted average shares outstanding:
Basic weighted average shares outstanding	82,565	79,937
Diluted weighted average shares outstanding	85,164	83,378

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Consolidated Statements Of Comprehensive Income [Abstract]
Net income	$ 42,079	$ 32,335
Other comprehensive income:
Foreign currency translation adjustment gain, net of tax	9,072	3,972
Total other comprehensive income	9,072	3,972
Total comprehensive income	$ 51,151	$ 36,307

- Definition

The change in equity [net assets] of a business enterprise during a period from transactions and other events and circumstances from non-owner sources which are attributable to the economic entity, including both controlling (parent) and noncontrolling interests. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners, including any and all transactions which are directly or indirectly attributable to that ownership interest in subsidiary equity which is not attributable to the parent.

+ References + Details

- Definition

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

+ References

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- Definition

Change in the balance sheet adjustment that results from the process of translating subsidiary financial statements and foreign equity investments into functional currency of the reporting entity for the period being reported, net of tax. If an entity's functional currency is a foreign currency, translation adjustments result from the process of translating that entity's financial statements into the reporting currency. Includes gain (loss) on foreign currency forward exchange contracts. Includes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. Includes the gain (loss) on a derivative instrument or nonderivative financial instrument that may give rise to a foreign currency transaction gain (loss) and that have been designated and have qualified as hedging instruments for hedges of the foreign currency exposure of a net investment in a foreign operation.

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+ Details

- Definition

This element represents Other Comprehensive Income or Loss, Net of Tax, for the period. Includes deferred gains or losses on qualifying hedges, unrealized holding gains or losses on available-for-sale securities, minimum pension liability, and cumulative translation adjustment. While for technical reasons this element has no balance attribute, the default assumption is a credit balance consistent with its label.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Operating activities
Net income	$ 42,079	$ 32,335
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation	3,119	2,725
Stock-based compensation	3,834	4,141
Provision for losses on accounts receivable	4,957	3,847
Amortization of deferred financing costs	510	466
Amortization of intangible assets	7,276	4,600
Amortization of premium on receivables	816	816
Deferred income taxes	(17)	(340)
Changes in operating assets and liabilities (net of acquisitions):
Restricted cash	(1,447)	(3,978)
Accounts receivable	(183,976)	(132,635)
Prepaid expenses and other current assets	(1,889)	(3,035)
Other assets	(37,821)	(1,114)
Excess tax benefits related to stock-based compensation	(8,883)	(787)
Accounts payable, accrued expenses and customer deposits	57,508	84,165
Net cash used in operating activities	(113,934)	(8,794)
Investing activities
Acquisitions, net of cash acquired	(10)
Purchases of property and equipment	(3,563)	(2,594)
Net cash used in investing activities	(3,573)	(2,594)
Financing activities
Excess tax benefits related to stock-based compensation	8,883	787
Borrowings on securitization facility, net	61,000	10,000
Deferred financing costs paid	(681)	(550)
Proceeds from issuance of common stock	7,737	484
Principal payments on notes payable	(3,750)	(1,729)
Borrowings from revolver and swing line of credit, net	38,960
Net cash provided by financing activities	112,149	8,992
Effect of foreign currency exchange rates on cash	7,318	7,371
Net increase in cash and cash equivalents	1,960	4,975
Cash and cash equivalents, beginning of period	285,159	114,804
Cash and cash equivalents, end of period	287,119	119,779
Supplemental cash flow information
Cash paid for interest	4,028	4,182
Cash paid for income taxes	$ 6,004	$ 3,103

Summary Of Significant Accounting Policies	3 Months Ended
Summary Of Significant Accounting Policies	Mar. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	1. Summary of Significant Accounting Policies Basis of Presentation Throughout this report, the terms "our," "we," "us," and the "Company" refers to FleetCor Technologies, Inc. and its subsidiaries. The Company prepared the accompanying interim consolidated financial statements in accordance with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States ("GAAP"). The unaudited consolidated financial statements reflect all adjustments considered necessary for fair presentation. These adjustments consist primarily of normal recurring accruals and estimates that impact the carrying value of assets and liabilities. Actual results may differ from these estimates. Operating results for the three month period ended March 31, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. The unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011. Foreign Currency Translation Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at period-end. The related translation adjustments are made directly to accumulated other comprehensive income. Income and expenses are translated at the average monthly rates of exchange in effect during the period. Gains and losses from foreign currency transactions of these subsidiaries are included in net income. The Company recognized a foreign exchange loss of $175,000 for the three months ended March 31, 2012 and a foreign exchange gain of $37,000 for the three months ended March 31, 2011, which are classified within other income, net in the Unaudited Consolidated Statements of Income. Comprehensive Income Comprehensive income is defined as the total of net income and all other changes in equity that result from transactions and other economic events of a reporting period other than transactions with owners. The Company discloses comprehensive income in the Consolidated Statements of Comprehensive Income. Adoption of New Accounting Standards Fair Value Measurement and Disclosure Requirements In May 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2011-04, "Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRS," which amends Accounting Standards Codification ("ASC") 820, "Fair Value Measurement" to improve the comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with GAAP and IFRS. The amendments in this update explain how to measure fair value. They do not require additional fair value measurements and are not intended to establish valuation standards or affect valuation practices outside of financial reporting. The amendments were effective for and adopted by the Company on January 1, 2012 and are required to be applied prospectively. Since ASU 2011-04 is a disclosure-only standard, the Company's adoption of this ASU did not affect the Company's results of operations, financial condition, or cash flows. Other Comprehensive Income Reclassifications In December 2011, the FASB issued ASU 2011-12, "Deferral of the Effective Date for Amendments to the Presentation of Reclassifications of Items Out of Accumulated Other Comprehensive Income in Accounting Standards Update No. 2011-05," which supersedes certain pending paragraphs in ASU 2011-05. ASU 2011-12 defers the requirement of ASU 2011-05 requiring entities to present reclassification adjustments by component in both the statement where net income is presented and the statement where other comprehensive income is presented for both interim and annual financial statements. ASU 2011-12 was effective for and adopted by the Company beginning January 1, 2012. The Company's adoption of this ASU did not affect the Company's results of operations, financial condition, or cash flows.

Accounts Receivable

3 Months Ended

Mar. 31, 2012

Accounts Receivable [Abstract]

Accounts Receivable

2. Accounts Receivable

The Company maintains a $500 million revolving trade accounts receivable Securitization Facility. Pursuant to the terms of the Securitization Facility, the Company transfers certain of its domestic receivables, on a revolving basis, to FleetCor Funding LLC (Funding) a wholly-owned bankruptcy remote subsidiary. In turn, Funding sells, without recourse, on a revolving basis, up to $500 million of undivided ownership interests in this pool of accounts receivable to a multi-seller, asset-backed commercial paper conduit (Conduit). Funding maintains a subordinated interest, in the form of over-collateralization, in a portion of the receivables sold to the Conduit. Purchases by the Conduit are financed with the sale of highly-rated commercial paper.

The Company utilizes proceeds from the sale of its accounts receivable as an alternative to other forms of debt, effectively reducing its overall borrowing costs. The Company has agreed to continue servicing the sold receivables for the financial institution at market rates, which approximates the Company's cost of servicing. The Company retains a residual interest in the accounts receivable sold as a form of credit enhancement. The residual interest's fair value approximates carrying value due to its short-term nature. Funding determines the level of funding achieved by the sale of trade accounts receivable, subject to a maximum amount.

On February 6, 2012, the Company extended the term of its asset Securitization Facility to February 4, 2013. The Company capitalized $0.6 million in deferred financing fees in connection with this extension.

The Company's accounts receivable and securitized accounts receivable include the following at March 31, 2012 and December 31, 2011 (in thousands):


	March 31, 2012			December 31, 2011
Gross domestic accounts receivable	$	82,296		$	84,087
Gross securitized accounts receivable		341,000			280,000
Gross foreign receivables		535,256			413,019

Total gross receivables		958,552			777,106
Less allowance for doubtful accounts		(17,742	)		(15,315	)

Net accounts and securitized accounts receivable	$	940,810		$	761,791

A rollforward of the Company's allowance for doubtful accounts related to accounts receivable for three months ended March 31 is as follows (in thousands):


	2012			2011
Allowance for doubtful accounts beginning of period	$	15,315		$	14,256
Add:
Provision for bad debts		4,957			3,847
Less:
Write-offs		(2,530	)		(2,916	)

Allowance for doubtful accounts end of period	$	17,742		$	15,187

All foreign receivables are Company owned receivables and are not included in the Company's accounts receivable securitization program. At March 31, 2012 and December 31, 2011, there was $341 million and $280 million, respectively, of short-term debt outstanding under the Company's accounts receivable Securitization Facility.

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
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-Section 02
-Paragraph 3, 4
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5074-111524

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5066-111524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(k))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

+ Details

Fair Value Measurements

3 Months Ended

Mar. 31, 2012

Fair Value Measurements [Abstract]

Fair Value Measurements

3. Fair Value Measurements

Fair value is a market-based measurement that is be determined based on assumptions that market participants would use in pricing an asset or liability. The authoritative guidance discusses valuation techniques, such as the market approach (comparable market prices), the income approach (present value of future income or cash flow), and the cost approach (cost to replace the service capacity of an asset or replacement cost). These valuation techniques are based upon observable and unobservable inputs. Observable inputs reflect market data obtained from independent sources, while unobservable inputs reflect the Company's market assumptions.

As the basis for evaluating such inputs, a three-tier value hierarchy prioritizes the inputs used in measuring fair value as follows:

•

Level 1: Observable inputs such as quoted prices for identical assets or liabilities in active markets.

•

Level 2: Observable inputs other than quoted prices that are directly or indirectly observable for the asset or liability, including quoted prices for similar assets or liabilities in active markets; quoted prices for similar or identical assets or liabilities in markets that are not active; and model-derived valuations whose inputs are observable or whose significant value drivers are observable.

•

Level 3: Unobservable inputs that reflect the reporting entity's own assumptions.

There were no financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2012 or December 31, 2011.

The Company's nonfinancial assets which are measured at fair value on a nonrecurring basis include property, plant and equipment, goodwill and other intangible assets. As necessary, the Company generally uses projected cash flows, discounted as necessary, to estimate the fair values of the assets using key inputs such as management's projections of cash flows on a held-and-used basis (if applicable), management's projections of cash flows upon disposition and discount rates. Accordingly, these fair value measurements fall in Level 3 of the fair value hierarchy. These assets and certain liabilities are measured at fair value on a nonrecurring basis as part of the Company's annual impairment assessments and as circumstances require.

- 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6925170&loc=d3e19207-110258

Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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+ Details

Share Based Compensation

3 Months Ended

Mar. 31, 2012

Share Based Compensation [Abstract]

Share Based Compensation

4. Share Based Compensation

The Company has Stock Incentive Plans (the Plans) pursuant to which the Company's board of directors may grant stock options or restricted stock to employees. The Company is authorized to issue grants of restricted stock and stock options to purchase up to 26,963,150 shares as of March 31, 2012 and December 31, 2011. There were 2,099,349 additional shares remaining available for grant under the Plans at March 31, 2012.

The table below summarizes the expense recognized related to share-based payments recognized for the three month periods ended March 31 (in thousands):


	Three Months Ended March 31,
	2012		2011
Stock options	$	2,277	$	2,460
Restricted stock		1,557		1,681

Stock-based compensation	$	3,834	$	4,141

The tax benefits recorded on stock based compensation were $1.2 million and $0.7 million for the three month periods ended March 31, 2012 and 2011, respectively.

The following table summarizes the Company's total unrecognized compensation cost related to stock-based compensation as of March 31, 2012 (in thousands):


	Unrecognized Compensation Cost		Weighted Average Period of Expense Recognition (in Years)
Stock options	$	23,368		2.18
Restricted stock		11,503		1.60

Total	$	34,871

Stock Options

Stock options are granted with an exercise price estimated to be equal to the fair market value on the date of grant as authorized by the Company's board of directors. Options granted have vesting provisions ranging from one to six years. Stock option grants are generally subject to forfeiture if employment terminates prior to vesting.

The following summarizes the changes in the number of shares of common stock under option for the three month period ended March 31, 2012 (shares and aggregate intrinsic value in thousands):


	Shares			Weighted Average Exercise Price		Options Exercisable at End of Period		Weighted Average Exercise Price of Exercisable Options		Weighted Average Fair Value of Options Granted During the Period	Aggregate Intrinsic Value
Outstanding at December 31, 2011		8,341		$	15.51		4,394	$	10.13		$	119,802
Exercised		(1,019	)		7.77							31,607
Forfeited		(30	)		10.00

Outstanding at March 31, 2012		7,292		$	16.61		3,716	$	11.09		$	161,530

Expected to vest as of March 31, 2012		7,292		$	16.61

The aggregate intrinsic value of stock options exercised during the three months ended March 31, 2012 was $31.6 million.

The fair value of stock option awards granted was estimated using the Black-Scholes option pricing model during the three months ended March 31, 2011, with the following weighted-average assumptions for grants during the period.


Risk-free interest rate	1.76	%
Dividend yield	—
Expected volatility	39.27	%
Expected life (in years)	4.0

There were no stock option awards granted in the three months ended March 31, 2012.

The Company considered the retirement and forfeiture provisions of the options and utilized its historical experience to estimate the expected life of the options.

The risk-free interest rate is based on the yield of a zero coupon U.S. Treasury security with a maturity equal to the expected life of the option from the date of the grant. The Company estimates the volatility of the share price of the Company's common stock by considering the historical volatility of the stock of similar public entities. In determining the appropriateness of the public entities included in the volatility assumption the Company considered a number of factors, including the entity's life cycle stage, size, financial leverage, and products offered.

The weighted-average remaining contractual life for options outstanding was 7.08 and 7.00 years at March 31, 2012 and December 31, 2011, respectively.

Restricted Stock

Awards of restricted stock and restricted stock units are independent of stock option grants and are generally subject to forfeiture if employment terminates prior to vesting. Prior to the Company's initial public offering, the vesting of the shares granted in 2010 were contingent on the sale of the Company or a public offering of the Company's common stock, subject to certain other conditions. The vesting of the shares granted in 2012 and 2011 are generally based on the passage of time, performance or market conditions. Shares vesting based on the passage of time have vesting provisions ranging from one to six years.

There were no restricted stock shares granted based on market conditions during the three months ended March 31, 2012. The fair value of restricted stock shares granted based on market conditions during the three months ended March 31, 2011 was estimated using the Monte Carlo option pricing model at the grant date, with the following assumptions.


	Three Months Ended March 31, 2011
Risk-free interest rate		1.25	%
Dividend yield		—
Expected volatility		37.00	%
Expected life (in years)		0.63

The risk-free interest rate and volatility assumptions were calculated consistently with those applied in the Black-Scholes options pricing model utilized in determining the fair value of the stock option awards.

The following table summarizes the changes in the number of shares of restricted stock and restricted stock units for the three months ended March 31, 2012 (shares in thousands):


	Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2011		840		$	23.15
Granted		41			34.35
Vested		(22	)		29.59
Cancelled		—			—

Unvested at March 31, 2012		859		$	23.52

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5047-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 718
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

+ Details

Acquisition

3 Months Ended

Mar. 31, 2012

Acquisition [Abstract]

Acquisition

5. Acquisition

2011 Acquisitions

During 2011, the Company completed two foreign acquisitions with an aggregate purchase price of $333.8 million, net of cash acquired, the largest of which was Allstar Business Solutions Limited.

Allstar Business Solutions Limited

On December 13, 2011, the Company acquired all of the outstanding stock of Allstar Business Solutions Limited (Allstar) in the United Kingdom. The purpose of the transaction was to expand the Company's European commercial fleet card offerings. The results of Allstar are included in the Company's consolidated financial statements from the date of the acquisition. The total consideration for this acquisition was £200 million or approximately $312 million, including amounts applied at the closing to the repayment of Allstar's debt. The consideration for the transaction was paid using FleetCor's existing cash and credit facilities.

The following unaudited pro forma statements of income for the years ended December 31, 2011 and 2010 have been prepared to give effect to the Allstar acquisition described above assuming that it occurred on January 1 of each fiscal year presented. The pro forma statements of income are presented for illustrative purposes only and are not necessarily indicative of the results of operations that would have been obtained had this transaction actually occurred at the beginning of the periods presented, nor do they intend to be a projection of future results of operations. The pro forma statements of income have been prepared from the Company's and Allstar's historical audited consolidated statements of income for the years ended December 31, 2011 and 2010.

The pro forma information is based on estimates and assumptions that have been made solely for purposes of developing such pro forma information, including without limitation, purchase accounting adjustments. The pro forma financial information presented below also includes depreciation and amortization based on the valuation of Allstar's tangible and intangible assets resulting from the acquisition. The pro forma financial information does not include any synergies or operating cost reductions that may be achieved from the combined operations.


	Pro forma statements of income for the year ended December 31 (unaudited) (in thousands except per share data)
	2011		2010
Income statement data:
Revenues, net	$	595,864	$	505,287
Income before income taxes		223,251		162,153
Net income		156,430		115,496
Earnings per share:
Basic	$	1.94	$	3.22
Diluted		1.87		1.43
Weighted average shares outstanding:
Basic		80,610		35,434
Diluted		83,654		80,751

The following table summarizes the preliminary allocation of the purchase price for Allstar (in thousands):


Trade and other receivables	$	253,628
Prepaid expenses and other		139
Property and equipment		601
Goodwill		112,562
Other intangible assets		162,500
Notes and other liabilities assumed		(177,004	)
Deferred tax liabilities		(40,596	)

Purchase price	$	311,830

Intangible assets allocated in connection with the purchase price allocations consisted of the following (in thousands):


	Weighted Average Useful Lives (in Years)		Value
Customer relationships		10 – 20	$	135,400
Trade names and trademarks—indefinite		N/A		18,900
Merchant network		10		8,200

			$	162,500

During the three months ended March 31, 2012, we completed a preliminary valuation of the goodwill and intangible assets of Allstar, indicating additional intangible assets and deferred tax liabilities should be recorded as of the acquisition date. The allocation of purchase price is preliminary for the Allstar acquisition as we have not yet finalized the valuation of goodwill, intangible assets and the determination of certain working capital adjustments. Goodwill recognized is comprised primarily of expected synergies from combining the operations of the Company and Allstar. The goodwill acquired with this business is not deductible for tax purposes.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 88-16
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141
-Paragraph 51, 52
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Appendix F
-Paragraph F4
-Subparagraph e

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 67-73
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6927-128479

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Goodwill And Other Intangible Assets

3 Months Ended

Mar. 31, 2012

Goodwill And Other Intangible Assets [Abstract]

Goodwill And Other Intangible Assets

6. Goodwill and Other Intangible Assets

A summary of changes in the Company's goodwill by reportable business segment is as follows (in thousands):


	December 31, 2011		Purchase Accounting Adjustments			Foreign Currency		March 31, 2012
Segment
North America	$	276,714	$	—		$	—	$	276,714
International		546,835		(60,335	)		273		486,773

	$	823,549		(60,335	)	$	273	$	763,487

As of March 31, 2012 and December 31, 2011 other intangible assets consisted of the following (in thousands):


		March 31, 2012							December 31, 2011
	Useful Lives (Years)	Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount
Customer and vendor agreements	5 to 20	$	399,167	$	(67,998	)	$	331,169	$	336,839	$	(61,110	)	$	275,729
Trade names and trademarks—indefinite lived	N/A		37,526		—			37,526		18,626		—			18,626
Trade names and trademarks—other	3 to 15		3,160		(1,255	)		1,905		3,160		(1,200	)		1,960
Software	3 to 10		5,530		(3,620	)		1,910		5,530		(3,383	)		2,147
Non-compete agreements	2 to 5		2,471		(1,569	)		902		2,471		(1,473	)		998

Total other intangibles		$	447,854	$	(74,442	)		373,412	$	366,626	$	(67,166	)	$	299,460

Purchase accounting adjustments recorded during the three months ended March 31, 2012 relate to the reallocation of purchase price between goodwill, intangible assets and deferred tax liabilities. Amortization expense related to intangible assets for the three month periods ended March 31, 2012 and 2011 was $7.3 million and $4.6 million, respectively.

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

+ References + Details

Debt

3 Months Ended

Mar. 31, 2012

Debt [Abstract]

Debt

7. Debt

The Company's debt instruments are as follows (in thousands):


	March 31, 2012		December 31, 2011
Term note payable—domestic(a)	$	288,750	$	292,500
Revolving line of credit—domestic(a)		100,000		125,000
Swing line of credit – foreign (a)		63,960		—
Other debt		1,532		1,283

Total notes payable and other obligations		454,242		418,783
Securitization Facility(b)		341,000		280,000

Total notes payable, credit agreements and Securitization Facility	$	795,242	$	698,783

Current portion	$	520,359	$	420,354
Long-term portion		274,883		278,429

Total notes payable, credit agreements and Securitization Facility	$	795,242	$	698,783

(a)

The Company entered into a $300 million term loan and a $600 million revolving line of credit on June 22, 2011. The revolving line of credit contains a $20 million sublimit for letters of credit, a $20 million sublimit for swing line loans and a sublimit for multicurrency borrowings in Euros, Sterling and Japanese Yen. Proceeds from this new credit facility were used to retire the Company's indebtedness under its 2005 Credit Facility and CCS Credit Facility, as described below. On March 13, 2012, the Company entered into the first amendment to the Credit Agreement. This Amendment added two United Kingdom entities as designated borrowers and added a $110 million foreign currency swing line sub facility under the existing revolver, which will allow for alternate currency borrowing on the swing line. At March 31, 2012, the Company had $289 million borrowings outstanding on the term loan, $100 million outstanding on the revolving line of credit and $64 million (£40 million GBP) outstanding on the foreign currency swing line, respectively. Interest on the line of credit ranges from the sum of the Base Rate plus 0.25% to 1.25% or the Eurodollar Rate plus 1.25% to 2.25%. The term note is payable in quarterly installments and is due on the last business day of each March, June, September, and December with the final principal payment due in June 2016. Borrowings on the revolving line of credit are repayable at our option of one, two, three or six months after borrowing, depending on the term of the borrowing on the facility. Borrowings on the foreign swing line of credit are due no later than ten business days after such loan is made. This facility is referred to as the Credit Facility. Principal payments of $3.8 million were made on the term loan during the three months ended March 31, 2012.

(b)

The Company was in compliance with all financial and non-financial covenants at March 31, 2012.

The Company has deferred debt issuance costs associated with its new Credit Facility of $6.3 million as of March 31, 2012, which is classified in Other Assets within the Company's unaudited Consolidated Balance Sheet.

- Definition

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

+ References + Details

Income Taxes

3 Months Ended

Mar. 31, 2012

Income Taxes [Abstract]

Income Taxes

8. Income Taxes

The provision for income taxes differs from amounts computed by applying the U.S. federal tax rate of 35% to income before income taxes for the three months ended March 31, 2012 and 2011 due to the following (in thousands):


	2012					2011
Income tax expense at federal statutory rate	$	21,112		35.0	%	$	16,505		35.0	%
Changes resulting from:
Foreign income tax differential		(2,716	)	(4.5	)		(1,905	)	(4.0	)
State taxes, net of federal benefit		792		1.3			788		1.7
Foreign-sourced nontaxable income		(1,894	)	(3.1	)		(764	)	(1.6	)
Other		951		1.5			199		0.3

Provision for income taxes and rate	$	18,245		30.2	%	$	14,823		31.4	%

At March 31, 2012 and December 31, 2011, notes payable and other obligations—noncurrent, included liabilities for unrecognized income tax benefits of $5.4 million and $5.0 million, respectively. During the three months ended March 31, 2012 and 2011 the Company recognized additional liabilities of $0.4 million and $0.1 million, respectively. During the three months ended March 31, 2012 and 2011, amounts recorded for accrued interest and penalties expense related to the unrecognized income tax benefits were not significant.

The Company files numerous consolidated and separate income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. The statute of limitations for the Company's U.S. federal income tax returns has expired for years prior to 2008. The statute of limitations for the Company's U.K. income tax returns has expired for years prior to 2010. The statute of limitations has expired for years prior to 2008 for the Company's Czech Republic income tax returns.

- Definition

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

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
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-Section 50
-Paragraph 15
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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-Paragraph 2
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

+ Details

Earnings Per Share

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share

9. Earnings Per Share

The Company reports basic and diluted earnings per share. Basic earnings per share is computed by dividing net income attributable to shareholders of the Company by the weighted average number of common shares outstanding during the reported period. Diluted earnings per share reflect the potential dilution related to equity-based incentives using the if-converted and treasury stock method, where applicable.

The calculation and reconciliation of basic and diluted earnings per share for the three months ended March 31 (in thousands, except per share data):


	Three Months Ended March 31,
	2012		2011
Net income	$	42,079	$	32,335

Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding		81,702		78,575
Share-based payment awards classified as participating securities		863		1,362

Denominator for basic earnings per share		82,565		79,937
Dilutive securities		2,599		3,441

Denominator for diluted earnings per share		85,164		83,378

Basic earnings per share	$	0.51	$	0.40
Diluted earnings per share	$	0.49	$	0.39

Diluted earnings per share excludes the effect of 0.1 million shares of common stock for the three months ended March 31, 2011, respectively, that may be issued upon the exercise of employee stock options because such effect would be antidilutive. There were no antidilutive shares for the three months ended March 31, 2012.

Segments

3 Months Ended

Mar. 31, 2012

Segments [Abstract]

Segments

10. Segments

The Company's reportable segments represent components of the business for which separate financial information is evaluated regularly by the chief operating decision maker in determining how to allocate resources and in assessing performance. The Company operates in two reportable segments, North America and International. The Company has identified these segments due to commonality of the products in each of their business lines having similar economic characteristics, services, customers and processes. There were no significant inter-segment sales.

The results from the Company's Mexican prepaid fuel card and food voucher business acquired during the third quarter of 2011 and the Allstar business acquired during the fourth quarter of 2011 are reported in our International segment.

The Company's segment results are as follows as of and for the three month periods ended March 31 (in thousands):


	Three months ended March 31,
	2012		2011
Revenues, net:
North America	$	82,812	$	71,585
International		63,353		39,420

	$	146,165	$	111,005

Operating income:
North America	$	38,113	$	31,192
International		26,362		19,295

	$	64,475	$	50,487

Depreciation and amortization:
North America	$	4,994	$	4,942
International		6,726		3,665

	$	11,720	$	8,607

Capital expenditures:
North America	$	2,095	$	1,485
International		1,468		1,109

	$	3,563	$	2,594

- 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/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

+ Details

Commitments And Contingencies	3 Months Ended
Commitments And Contingencies	Mar. 31, 2012
Commitments And Contingencies [Abstract]
Commitments And Contingencies	11. Commitments and Contingencies In the ordinary course of business, the Company is involved in various pending or threatened legal actions. The Company has recorded reserves for certain legal proceedings. The amounts recorded are estimated and as additional information becomes available, the Company will reassess the potential liability related to its pending litigation and revise its estimate in the period that information becomes known. In the opinion of management, the amount of ultimate liability, if any, with respect to these actions will not have a material adverse effect on the Company's consolidated financial position, results of operations, or liquidity. The Company notified the Office of Fair Trading in the United Kingdom about its recent acquisition of Allstar Business Solutions Limited, in which it provided an analysis that the acquisition does not result in a substantial lessening of competition on any affected market. The Company subsequently responded to questions posed by the Office of Fair Trading in the course of its review and participated in an issues meeting with the Office of Fair Trading. The Company anticipates that the Office of Fair Trading will determine whether or not to make a referral to the Competition Commission for further consideration by May 12, 2012. If the Competition Commission were to conclude that the acquisition results in a substantial lessening of competition, it could require remedial action, which could negatively affect the Company's financial results.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
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-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

+ Details

Subsequent Event	3 Months Ended
Subsequent Event	Mar. 31, 2012
Subsequent Event [Abstract]
Subsequent Event	12. Subsequent Event On April 30, 2012, the Company entered into an Arrangement Agreement the ("Agreement") for the purchase (the "Acquisition") of all of the issued and outstanding share capital of CTF Technologies, Inc. ("CTF") for a total payment of $180 million. The close of the Acquisition is subject to CTF shareholder and Canadian court approvals of the plan of arrangement. The Company anticipates that the consideration for the Acquisition will be paid using existing cash and borrowings under the Company's Credit Facility. The Acquisition is expected to close in approximately sixty days.

Summary Of Significant Accounting Policies (Policy)	3 Months Ended
Summary Of Significant Accounting Policies (Policy)	Mar. 31, 2012
Summary Of Significant Accounting Policies [Abstract]
Basis Of Presentation	Basis of Presentation Throughout this report, the terms "our," "we," "us," and the "Company" refers to FleetCor Technologies, Inc. and its subsidiaries. The Company prepared the accompanying interim consolidated financial statements in accordance with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States ("GAAP"). The unaudited consolidated financial statements reflect all adjustments considered necessary for fair presentation. These adjustments consist primarily of normal recurring accruals and estimates that impact the carrying value of assets and liabilities. Actual results may differ from these estimates. Operating results for the three month period ended March 31, 2012 are not necessarily indicative of the results that may be expected for the year ending December 31, 2012. The unaudited consolidated interim financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company's Annual Report on Form 10-K for the year ended December 31, 2011.
Foreign Currency Translation	Foreign Currency Translation Assets and liabilities of foreign subsidiaries are translated into U.S. dollars at the rates of exchange in effect at period-end. The related translation adjustments are made directly to accumulated other comprehensive income. Income and expenses are translated at the average monthly rates of exchange in effect during the period. Gains and losses from foreign currency transactions of these subsidiaries are included in net income. The Company recognized a foreign exchange loss of $175,000 for the three months ended March 31, 2012 and a foreign exchange gain of $37,000 for the three months ended March 31, 2011, which are classified within other income, net in the Unaudited Consolidated Statements of Income.
Comprehensive Income	Comprehensive Income Comprehensive income is defined as the total of net income and all other changes in equity that result from transactions and other economic events of a reporting period other than transactions with owners. The Company discloses comprehensive income in the Consolidated Statements of Comprehensive Income.

Accounts Receivable (Tables)

3 Months Ended

Mar. 31, 2012

Accounts Receivable [Abstract]

Company's Accounts Receivable And Securitized Accounts Receivable


	March 31, 2012			December 31, 2011
Gross domestic accounts receivable	$	82,296		$	84,087
Gross securitized accounts receivable		341,000			280,000
Gross foreign receivables		535,256			413,019

Total gross receivables		958,552			777,106
Less allowance for doubtful accounts		(17,742	)		(15,315	)

Net accounts and securitized accounts receivable	$	940,810		$	761,791

Allowance For Doubtful Accounts Related To Accounts Receivable


	2012			2011
Allowance for doubtful accounts beginning of period	$	15,315		$	14,256
Add:
Provision for bad debts		4,957			3,847
Less:
Write-offs		(2,530	)		(2,916	)

Allowance for doubtful accounts end of period	$	17,742		$	15,187

Share Based Compensation (Tables)

3 Months Ended

Mar. 31, 2012

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

Summary Of Expense Related To Share-Based Payments


	Three Months Ended March 31,
	2012		2011
Stock options	$	2,277	$	2,460
Restricted stock		1,557		1,681

Stock-based compensation	$	3,834	$	4,141

Summary Of Total Unrecognized Compensation Cost Related To Stock-Based Compensation


	Unrecognized Compensation Cost		Weighted Average Period of Expense Recognition (in Years)
Stock options	$	23,368		2.18
Restricted stock		11,503		1.60

Total	$	34,871

Summary Of Changes In The Number Of Shares Of Common Stock Under Option


	Shares			Weighted Average Exercise Price		Options Exercisable at End of Period		Weighted Average Exercise Price of Exercisable Options		Weighted Average Fair Value of Options Granted During the Period	Aggregate Intrinsic Value
Outstanding at December 31, 2011		8,341		$	15.51		4,394	$	10.13		$	119,802
Exercised		(1,019	)		7.77							31,607
Forfeited		(30	)		10.00

Outstanding at March 31, 2012		7,292		$	16.61		3,716	$	11.09		$	161,530

Expected to vest as of March 31, 2012		7,292		$	16.61

Summary Of Changes In The Number Of Shares Of Restricted Stock And Restricted Stock Units


	Shares			Weighted Average Grant Date Fair Value
Unvested at December 31, 2011		840		$	23.15
Granted		41			34.35
Vested		(22	)		29.59
Cancelled		—			—

Unvested at March 31, 2012		859		$	23.52

Stock Options [Member]

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

Schedule Of Weighted-Average Assumptions


Risk-free interest rate	1.76	%
Dividend yield	—
Expected volatility	39.27	%
Expected life (in years)	4.0

Restricted Stock [Member]

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

Schedule Of Weighted-Average Assumptions


	Three Months Ended March 31, 2011
Risk-free interest rate		1.25	%
Dividend yield		—
Expected volatility		37.00	%
Expected life (in years)		0.63

Acquisition (Tables)

3 Months Ended

Mar. 31, 2012

Acquisition [Abstract]

Schedule Of Pro Forma Financial Information


	Pro forma statements of income for the year ended December 31 (unaudited) (in thousands except per share data)
	2011		2010
Income statement data:
Revenues, net	$	595,864	$	505,287
Income before income taxes		223,251		162,153
Net income		156,430		115,496
Earnings per share:
Basic	$	1.94	$	3.22
Diluted		1.87		1.43
Weighted average shares outstanding:
Basic		80,610		35,434
Diluted		83,654		80,751

Summary Of Purchase Price Allocation


Trade and other receivables	$	253,628
Prepaid expenses and other		139
Property and equipment		601
Goodwill		112,562
Other intangible assets		162,500
Notes and other liabilities assumed		(177,004	)
Deferred tax liabilities		(40,596	)

Purchase price	$	311,830

Purchase Price Allocations Of Intangible Assets


	Weighted Average Useful Lives (in Years)		Value
Customer relationships		10 – 20	$	135,400
Trade names and trademarks—indefinite		N/A		18,900
Merchant network		10		8,200

			$	162,500

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Goodwill And Other Intangible Assets (Tables)

3 Months Ended

Mar. 31, 2012

Goodwill And Other Intangible Assets [Abstract]

Summary Of Changes In Goodwill By Reportable Business Segment


	December 31, 2011		Purchase Accounting Adjustments			Foreign Currency		March 31, 2012
Segment
North America	$	276,714	$	—		$	—	$	276,714
International		546,835		(60,335	)		273		486,773

	$	823,549		(60,335	)	$	273	$	763,487

Schedule Of Other Intangible Assets


		March 31, 2012							December 31, 2011
	Useful Lives (Years)	Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount		Gross Carrying Amounts		Accumulated Amortization			Net Carrying Amount
Customer and vendor agreements	5 to 20	$	399,167	$	(67,998	)	$	331,169	$	336,839	$	(61,110	)	$	275,729
Trade names and trademarks—indefinite lived	N/A		37,526		—			37,526		18,626		—			18,626
Trade names and trademarks—other	3 to 15		3,160		(1,255	)		1,905		3,160		(1,200	)		1,960
Software	3 to 10		5,530		(3,620	)		1,910		5,530		(3,383	)		2,147
Non-compete agreements	2 to 5		2,471		(1,569	)		902		2,471		(1,473	)		998

Total other intangibles		$	447,854	$	(74,442	)		373,412	$	366,626	$	(67,166	)	$	299,460

- Definition

Tabular disclosure of goodwill by reportable segment and in total. Disclosure details may include, but are not limited to, the carrying amount of goodwill, goodwill acquired during the year, goodwill impairment losses recognized, goodwill written-off due to the sale of a business unit, goodwill not yet allocated, and any other changes to goodwill.

+ References + Details

Debt (Tables)

3 Months Ended

Mar. 31, 2012

Debt [Abstract]

Summary Of Debt Instruments


	March 31, 2012		December 31, 2011
Term note payable—domestic(a)	$	288,750	$	292,500
Revolving line of credit—domestic(a)		100,000		125,000
Swing line of credit – foreign (a)		63,960		—
Other debt		1,532		1,283

Total notes payable and other obligations		454,242		418,783
Securitization Facility(b)		341,000		280,000

Total notes payable, credit agreements and Securitization Facility	$	795,242	$	698,783

Current portion	$	520,359	$	420,354
Long-term portion		274,883		278,429

Total notes payable, credit agreements and Securitization Facility	$	795,242	$	698,783

(a)

(b)

Income Taxes (Tables)

3 Months Ended

Mar. 31, 2012

Income Taxes [Abstract]

Summary Of The Provision For Income Taxes And The U.S. Federal Tax Rate


	2012					2011
Income tax expense at federal statutory rate	$	21,112		35.0	%	$	16,505		35.0	%
Changes resulting from:
Foreign income tax differential		(2,716	)	(4.5	)		(1,905	)	(4.0	)
State taxes, net of federal benefit		792		1.3			788		1.7
Foreign-sourced nontaxable income		(1,894	)	(3.1	)		(764	)	(1.6	)
Other		951		1.5			199		0.3

Provision for income taxes and rate	$	18,245		30.2	%	$	14,823		31.4	%

Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2012

Earnings Per Share [Abstract]

Summary Of Earnings Per Share, Basic And Diluted


	Three Months Ended March 31,
	2012		2011
Net income	$	42,079	$	32,335

Denominator for basic and diluted earnings per share:
Weighted-average shares outstanding		81,702		78,575
Share-based payment awards classified as participating securities		863		1,362

Denominator for basic earnings per share		82,565		79,937
Dilutive securities		2,599		3,441

Denominator for diluted earnings per share		85,164		83,378

Basic earnings per share	$	0.51	$	0.40
Diluted earnings per share	$	0.49	$	0.39

Segments (Tables)

3 Months Ended

Mar. 31, 2012

Segments [Abstract]

Schedule Of Company's Segment Results


	Three months ended March 31,
	2012		2011
Revenues, net:
North America	$	82,812	$	71,585
International		63,353		39,420

	$	146,165	$	111,005

Operating income:
North America	$	38,113	$	31,192
International		26,362		19,295

	$	64,475	$	50,487

Depreciation and amortization:
North America	$	4,994	$	4,942
International		6,726		3,665

	$	11,720	$	8,607

Capital expenditures:
North America	$	2,095	$	1,485
International		1,468		1,109

	$	3,563	$	2,594

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Summary Of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Summary Of Significant Accounting Policies [Abstract]
Foreign exchange loss recognized	$ 175,000
Foreign exchange gains recognized		$ 37,000

Accounts Receivable (Narrative) (Details) - USD ($)
$ in Thousands

3 Months Ended

Mar. 31, 2012

Feb. 06, 2012

Dec. 31, 2011

Accounts Receivable [Abstract]

Trade accounts receivable securitization facility

$ 500,000

Maximum undivided ownership interest pooled accounts receivable amount sold

500,000

Deferred financing fees

$ 600

Securitization Facility

^[1]

$ 341,000

$ 280,000

[1]

Accounts Receivable (Company's Accounts Receivable And Securitized Accounts Receivable) (Details) - USD ($) $ in Thousands	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2011	Dec. 31, 2010
Accounts Receivable [Abstract]
Gross domestic accounts receivable	$ 82,296	$ 84,087
Gross securitized accounts receivable	341,000	280,000
Gross foreign receivables	535,256	413,019
Total gross receivables	958,552	777,106
Less allowance for doubtful accounts	(17,742)	(15,315)	$ (15,187)	$ (14,256)
Net accounts and securitized accounts receivable	$ 940,810	$ 761,791

Accounts Receivable (Allowance For Doubtful Accounts Related To Accounts Receivable) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Accounts Receivable [Abstract]
Allowance for doubtful accounts beginning of period	$ 15,315	$ 14,256
Provision for bad debts	4,957	3,847
Write-offs	(2,530)	(2,916)
Allowance for doubtful accounts end of period	$ 17,742	$ 15,187

Share Based Compensation (Narrative) (Details) $ in Millions	3 Months Ended
	Mar. 31, 2012 USD ($) yr shares	Mar. 31, 2011 USD ($)	Dec. 31, 2011 yr shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares authorized to issue grants \| shares	26,963,150		26,963,150
Shares remaining available for grant under the Plans \| shares	2,099,349
Tax benefits recorded on stock based compensation \| $	$ 1.2	$ 0.7
Aggregate intrinsic value of stock options exercised \| $	$ 31.6
Weighted-average remaining contractual life for options outstanding (in years) \| yr	7.08		7.00
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum period of vesting provisions (in years)	one
Maximum period of vesting provisions (in years)	six
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Minimum period of vesting provisions (in years)	one
Maximum period of vesting provisions (in years)	six

Share Based Compensation (Summary Of Expense Related To Share-Based Payments) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 3,834	$ 4,141
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,277	2,460
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 1,557	$ 1,681

Share Based Compensation (Summary Of Total Unrecognized Compensation Cost Related To Stock-Based Compensation) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2012 USD ($) yr
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 34,871
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 23,368
Weighted Average Period of Expense Recognition (in Years) \| yr	2.18
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Compensation Cost	$ 11,503
Weighted Average Period of Expense Recognition (in Years) \| yr	1.60

Share Based Compensation (Summary Of Changes In The Number Of Shares Of Common Stock Under Option) (Details) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2012 USD ($) $ / shares shares
Share Based Compensation [Abstract]
Shares, Outstanding, Beginning Balance \| shares	8,341
Weighted Average Exercise Price, Outstanding, Beginning balance \| $ / shares	$ 15.51
Options Exercisable at End of Period, Outstanding, Beginning Balance \| shares	4,394
Weighted Average Exercise Price of Exercisable Options, Outstanding, Beginning Balance \| $ / shares	$ 10.13
Aggregate Intrinsic Value, Outstanding, Beginning Balance \| $	$ 119,802
Shares, Exercised \| shares	(1,019)
Weighted Average Exercise Price, Exercised \| $ / shares	$ 7.77
Aggregate Intrinsic Value, Exercised \| $	$ 31,607
Shares, Forfeited \| shares	(30)
Weighted Average Exercise Price, Forfeited \| $ / shares	$ 10.00
Shares, Outstanding, Ending Balance \| shares	7,292
Weighted Average Exercise Price, Outstanding, Ending balance \| $ / shares	$ 16.61
Options Exercisable at End of Year, Outstanding, Ending Balance \| shares	3,716
Weighted Average Exercise Price of Exercisable Options, Outstanding, Ending Balance \| $ / shares	$ 11.09
Aggregate Intrinsic Value, Outstanding, Ending Balance \| $	$ 161,530
Shares, Expected to vest \| shares	7,292
Weighted Average Exercise Price, Expected to vest \| $ / shares	$ 16.61

Share Based Compensation (Schedule Of Weighted-Average Assumptions) (Details)	3 Months Ended
	Mar. 31, 2011 yr $ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.76%
Dividend yield \| $ / shares
Expected volatility	39.27%
Expected life (in years)	4.0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Risk-free interest rate	1.25%
Dividend yield
Expected volatility	37.00%
Expected life (in years)	0.63

Share Based Compensation (Summary Of Changes In The Number Of Shares Of Restricted Stock And Restricted Stock Units) (Details) shares in Thousands	3 Months Ended
	Mar. 31, 2012 $ / shares shares
Share Based Compensation [Abstract]
Shares, Unvested, Beginning balance \| shares	840
Weighted Average Grant Date Fair Value, Unvested, Beginning balance \| $ / shares	$ 23.15
Shares, Granted \| shares	41
Weighted Average Grant Date Fair Value, Granted \| $ / shares	$ 34.35
Shares, Vested \| shares	(22)
Weighted Average Grant Date Fair Value, Vested \| $ / shares	$ 29.59
Shares, Cancelled \| shares
Weighted Average Grant Date Fair Value, Cancelled \| $ / shares
Shares, Unvested, Ending balance \| shares	859
Weighted Average Grant Date Fair Value, Outstanding, Ending balance \| $ / shares	$ 23.52

- Definition

The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units.

+ References + Details

Acquisition (Narrative) (Details) - 12 months ended Dec. 31, 2011 £ in Millions, $ in Millions	GBP (£)	USD ($)
Business Acquisition [Line Items]
Number of foreign acquisitions	2
Aggregate purchase price		$ 333.8
Allstar Business Solutions Limited [Member]
Business Acquisition [Line Items]
Aggregate purchase price	£ 200	$ 312.0

Acquisition (Schedule Of Pro Forma Financial Information) (Details) - Allstar Business Solutions Limited [Member] - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Business Acquisition [Line Items]
Revenues, net	$ 595,864	$ 505,287
Income before income taxes	223,251	162,153
Net income	$ 156,430	$ 115,496
Earnings per share, Basic	$ 1.94	$ 3.22
Earnings per share, Diluted	$ 1.87	$ 1.43
Weighted average shares outstanding, Basic	80,610,000	35,434,000
Weighted average shares outstanding, Diluted	83,654,000	80,751,000

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Acquisition (Summary Of Purchase Price Allocation) (Details) - USD ($) $ in Thousands	Mar. 31, 2012	Dec. 31, 2011
Business Acquisition [Line Items]
Other intangible assets		$ 162,500
Allstar Business Solutions Limited [Member]
Business Acquisition [Line Items]
Trade and other receivables	$ 253,628
Prepaid expenses and other	139
Property and equipment	601
Goodwill	112,562
Other intangible assets	162,500
Notes and other liabilities assumed	(177,004)
Deferred tax liabilities	(40,596)
Purchase price	$ 311,830

Acquisition (Purchase Price Allocations Of Intangible Assets) (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2011 USD ($) yr
Business Acquisition [Line Items]
Intangible assets	$ 162,500
Customer Relationships [Member]
Business Acquisition [Line Items]
Intangible assets	135,400
Trade Names And Trademarks-Indefinite [Member]
Business Acquisition [Line Items]
Indefinite intangible assets	18,900
Merchant Network [Member]
Business Acquisition [Line Items]
Intangible assets	$ 8,200
Weighted Average Useful Lives (in Years) \| yr	10
Maximum [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Weighted Average Useful Lives (in Years) \| yr	20
Minimum [Member] \| Customer Relationships [Member]
Business Acquisition [Line Items]
Weighted Average Useful Lives (in Years) \| yr	10

Goodwill And Other Intangible Assets (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Goodwill And Other Intangible Assets [Abstract]
Amortization expense of intangible assets	$ 7,276	$ 4,600

Goodwill And Other Intangible Assets (Summary Of Changes In Goodwill By Reportable Business Segment) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2012 USD ($)
Goodwill [Line Items]
Goodwill, Beginning Balance	$ 823,549
Purchase Accounting Adjustments	(60,335)
Foreign Currency	273
Goodwill, Ending Balance	763,487
North America [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	276,714
Goodwill, Ending Balance	276,714
International [Member]
Goodwill [Line Items]
Goodwill, Beginning Balance	546,835
Purchase Accounting Adjustments	(60,335)
Foreign Currency	273
Goodwill, Ending Balance	$ 486,773

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6905597&loc=d3e13816-109267

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Goodwill And Other Intangible Assets (Schedule Of Other Intangible Assets) (Details) $ in Thousands	3 Months Ended
	Mar. 31, 2012 USD ($) yr	Dec. 31, 2011 USD ($)
Goodwill And Other Intangible Assets [Line Items]
Gross Carrying Amounts	$ 447,854	$ 366,626
Accumulated Amortization	(74,442)	(67,166)
Net Carrying Amount	$ 373,412	299,460
Customer And Vendor Agreements [Member]
Goodwill And Other Intangible Assets [Line Items]
Useful Lives (Years), Minimum \| yr	5
Useful Lives (Years), Maximum \| yr	20
Gross Carrying Amounts	$ 399,167	336,839
Accumulated Amortization	(67,998)	(61,110)
Net Carrying Amount	$ 331,169	275,729
Trade Names And Trademarks-Other [Member]
Goodwill And Other Intangible Assets [Line Items]
Useful Lives (Years), Minimum \| yr	3
Useful Lives (Years), Maximum \| yr	15
Gross Carrying Amounts	$ 3,160	3,160
Accumulated Amortization	(1,255)	(1,200)
Net Carrying Amount	$ 1,905	1,960
Software [Member]
Goodwill And Other Intangible Assets [Line Items]
Useful Lives (Years), Minimum \| yr	3
Useful Lives (Years), Maximum \| yr	10
Gross Carrying Amounts	$ 5,530	5,530
Accumulated Amortization	(3,620)	(3,383)
Net Carrying Amount	$ 1,910	2,147
Non-Compete Agreements [Member]
Goodwill And Other Intangible Assets [Line Items]
Useful Lives (Years), Minimum \| yr	2
Useful Lives (Years), Maximum \| yr	5
Gross Carrying Amounts	$ 2,471	2,471
Accumulated Amortization	(1,569)	(1,473)
Net Carrying Amount	902	998
Trade Names And Trademarks-Indefinite Lived [Member]
Goodwill And Other Intangible Assets [Line Items]
Gross Carrying Amounts	37,526	18,626
Accumulated Amortization
Indefinite Lived, Net Carrying Amount	$ 37,526	$ 18,626

Debt (Summary Of Debt Instruments) (Details)
$ in Thousands, £ in Millions

3 Months Ended

Mar. 13, 2012

Mar. 31, 2012

GBP (£)

Mar. 31, 2012

USD ($)

Dec. 31, 2011

USD ($)

Jun. 22, 2011

USD ($)

Debt Instrument [Line Items]

Term note payable

^[1]

$ 288,750

$ 292,500

Revolving line of credit

^[1]

100,000

125,000

Swing line of credit

^[1]

63,960

Other debt

1,532

1,283

Total notes payable and other obligations

454,242

418,783

Securitization Facility

^[2]

341,000

280,000

Current portion

520,359

420,354

Long-term portion

274,883

278,429

Total notes payable, credit agreements and Securitization Facility

795,242

$ 698,783

United Kingdom entities as designated borrowers

two

Borrowings outstanding on the revolving line of credit

100,000

Borrowing outstanding on the foreign currency swing line

64,000

Current purchase limit under the securitization facility

500,000

Securitization facility termination date

February 4, 2013

Unused facility fee payable rate

0.35%

Deferred debt issuance costs

6,300

Term Note Payable-Domestic, June 22, 2011 [Member]

Debt Instrument [Line Items]

Term note payable

$ 300,000

Revolving line of credit

$ 600,000

Borrowings outstanding on the term loan and revolving line of credit

289,000

Principal payment due

Jun. 01, 2016

Principal payments on term loan

3,800

Commercial Paper [Member]

Debt Instrument [Line Items]

Program fee rate

0.26%

Program fee variable rate

0.75%

Line Of Credit [Member] | Term Note Payable-Domestic, June 22, 2011 [Member]

Debt Instrument [Line Items]

Revolving line of credit

20,000

Swing Line Loans [Member] | Term Note Payable-Domestic, June 22, 2011 [Member]

Debt Instrument [Line Items]

Revolving line of credit

20,000

Swing Line Loans [Member] | Amended And Restated [Member]

Debt Instrument [Line Items]

Revolving line of credit

$ 110,000

GBP [Member]

Debt Instrument [Line Items]

Borrowing outstanding on the foreign currency swing line | £

£ 40

Maximum [Member] | Term Note Payable-Domestic, June 22, 2011 [Member]

Debt Instrument [Line Items]

Interest on the line of credit, sum of rate plus

1.25%

Maximum [Member] | Eurodollar Rate [Member]

Debt Instrument [Line Items]

Interest on the line of credit, sum of rate plus

2.25%

Minimum [Member] | Term Note Payable-Domestic, June 22, 2011 [Member]

Debt Instrument [Line Items]

Interest on the line of credit, sum of rate plus

0.25%

Minimum [Member] | Eurodollar Rate [Member]

Debt Instrument [Line Items]

Interest on the line of credit, sum of rate plus

1.25%

[1]

[2]

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2012	Mar. 31, 2011	Dec. 31, 2011
Income Taxes [Abstract]
U.S. federal tax rate	35.00%	35.00%
Unrecognized income tax benefits	$ 5.4		$ 5.0
Recognized additional liabilities	$ 0.4	$ 0.1

Income Taxes (Summary Of The Provision For Income Taxes And The U.S. Federal Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Income Taxes [Abstract]
Income tax expense at federal statutory rate, amount	$ 21,112	$ 16,505
Income tax expense at federal statutory rate	35.00%	35.00%
Foreign income tax differential, amount	$ (2,716)	$ (1,905)
Foreign income tax differential, rate	(4.50%)	(4.00%)
State taxes, net of federal benefit, amount	$ 792	$ 788
State taxes, net of federal benefit, rate	1.30%	1.70%
Foreign-sourced nontaxable income, amount	$ (1,894)	$ (764)
Foreign-sourced nontaxable income, rate	(3.10%)	(1.60%)
Other, amount	$ 951	$ 199
Other, rate	1.50%	0.30%
Provision for taxes	$ 18,245	$ 14,823
Provision for income taxes and rate	30.20%	31.40%

Earnings Per Share (Summary Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Earnings Per Share Reconciliation [Line Items]
Net income	$ 42,079	$ 32,335
Weighted-average shares outstanding	81,702	78,575
Share-based payment awards classified as participating securities	863	1,362
Denominator for basic earnings per share	82,565	79,937
Dilutive securities	2,599	3,441
Denominator for diluted earnings per share	85,164	83,378
Basic earnings per share	$ 0.51	$ 0.40
Diluted earnings per share	$ 0.49	$ 0.39
Diluted earnings per share excludes antidilutive effect		100,000
Earnings Per Share, Basic [Member]
Earnings Per Share Reconciliation [Line Items]
Net income	$ 42,079	$ 32,335

Segments (Schedule Of Company's Segment Results) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
Segment Reporting Information [Line Items]
Revenues, net	$ 146,165	$ 111,005
Operating income	64,475	50,487
Depreciation and amortization	11,720	8,607
Capital expenditures	3,563	2,594
North America [Member]
Segment Reporting Information [Line Items]
Revenues, net	82,812	71,585
Operating income	38,113	31,192
Depreciation and amortization	4,994	4,942
Capital expenditures	2,095	1,485
International [Member]
Segment Reporting Information [Line Items]
Revenues, net	63,353	39,420
Operating income	26,362	19,295
Depreciation and amortization	6,726	3,665
Capital expenditures	$ 1,468	$ 1,109

- Definition

The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production.

+ References + Details

Subsequent Event (Details) $ in Millions	3 Months Ended
Subsequent Event (Details) $ in Millions	Mar. 31, 2012 USD ($)
Subsequent Event [Abstract]
Business acquisition, date	April 30, 2012
Purchase price of subsequent business acquisition	$ 180
Acquisition expected to be close (in days)	sixty