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Selected Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Selected Quarterly Financial Data
Fiscal Quarters Year Ended December 31, 2018*
 
First
 
Second
 
Third
 
Fourth
Revenues, net
 
$
585,500

 
$
584,985

 
$
619,586

 
$
643,422

Operating income
 
260,087

 
264,783

 
281,090

 
284,738

Net income
 
174,937

 
176,852

 
157,694

 
302,000

Basic earnings per share
 
$
1.95

 
$
1.98

 
$
1.78

 
$
3.45

Diluted earnings per share
 
1.88

 
1.91

 
1.71

 
3.33

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic shares
 
89,765

 
89,169

 
88,456

 
87,636

Diluted shares
 
93,250

 
92,702

 
92,081

 
90,703

 
Fiscal Quarters Year Ended December 31, 2017
 
First
 
Second
 
Third
 
Fourth
Revenues, net
 
$
520,433

 
$
541,237

 
$
577,877

 
$
609,991

Operating income
 
195,068

 
216,043

 
232,637

 
240,012

Net income
 
123,693

 
130,987

 
202,823

 
282,696

Earnings per share:
 
 
 
 
 
 
 
 
Basic earnings per share
 
$
1.34

 
$
1.42

 
$
2.23

 
$
3.15

Diluted earnings per share
 
1.31

 
1.39

 
2.18

 
3.05

Weighted average shares outstanding:
 
 
 
 
 
 
 
 
Basic shares
 
92,108

 
92,013

 
90,751

 
89,676

Diluted shares
 
94,560

 
94,223

 
93,001

 
92,623


*2018 quarterly amounts reflect the impact of the Company's adoption of ASC 606 and related cost capitalization guidance, which was adopted by the Company on January 1, 2018 using the modified retrospective transition method. The adoption of ASC 606 resulted in an adjustment to retained earnings in our consolidated balance sheet for the cumulative effect of applying the standard, which included costs incurred to obtain a contract, as well as presentation changes in our statements of income, including the classification of certain amounts previously classified as merchant commissions and processing expense net with revenues. As a result of the application of the modified retrospective transition method, the Company's prior period results within its annual report on Form 10-K and quarterly reports on Form 10-Q will not be restated to reflect the impact of ASC 606. See footnote 2, "Summary of Significant Accounting Policies", in the accompanying notes to the audited consolidated financial statements.