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Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
[1]
Jun. 30, 2017
Jun. 30, 2016
[1]
Income Statement [Abstract]        
Revenues, net $ 541,237 $ 417,905 $ 1,061,670 $ 832,167
Expenses:        
Merchant commissions 30,619 22,308 55,003 50,541
Processing 103,322 80,691 205,146 160,505
Selling 38,957 31,947 77,794 58,500
General and administrative 87,569 63,586 183,003 131,180
Depreciation and amortization 64,709 48,436 129,575 84,764
Other operating, net 18 (231) 38 (446)
Operating income 216,043 171,168 411,111 347,123
Equity method investment loss (income) 2,354 (7,184) 4,731 (4,991) [2]
Other (income) expense, net (551) 104 1,645 763
Interest expense, net 23,851 15,900 46,978 32,091
Total other expense 25,654 8,820 53,354 27,863
Income before income taxes 190,389 162,348 357,757 319,260
Provision for income taxes 59,402 46,095 103,077 91,917
Net income $ 130,987 $ 116,253 $ 254,680 $ 227,343 [2]
Earnings per share:        
Basic earnings per share (in dollars per share) $ 1.42 $ 1.25 $ 2.77 $ 2.46
Diluted earnings per share (in dollars per share) $ 1.39 $ 1.22 $ 2.70 $ 2.39
Weighted average shares outstanding:        
Basic weighted average shares outstanding (in shares) 92,013 92,665 92,060 92,591
Diluted weighted average shares outstanding (in shares) 94,223 95,279 94,392 95,137
[1] Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences.
[2] Reflects the impact of the Company's adoption of Accounting Standards Update 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, to simplify several aspects of the accounting for share-based compensation, including the income tax consequences.