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Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
[1]
Jun. 30, 2019
Jun. 30, 2018
[1]
Income Statement [Abstract]        
Revenues, net $ 647,094 $ 584,985 $ 1,268,919 $ 1,170,484
Expenses:        
Processing 120,458 111,201 249,572 227,686
Selling 51,856 44,009 101,117 91,120
General and administrative 106,784 96,431 199,568 186,800
Depreciation and amortization 70,908 68,610 138,353 140,112
Other operating, net (229) (49) (1,184) (104)
Operating income 297,317 264,783 581,493 524,870
Investment loss 0 0 15,660 [2] 0
Other expense, net 528 458 748 161
Interest expense, net 39,529 33,150 78,584 64,215
Total other expense 40,057 33,608 94,992 64,376
Income before income taxes 257,260 231,175 486,501 460,494
(Benefit from) provision for income taxes (4,391) 54,323 52,743 108,705
Net income $ 261,651 $ 176,852 $ 433,758 [2] $ 351,789
Earnings per share:        
Basic earnings per share (in dollars per share) $ 3.03 $ 1.98 $ 5.03 $ 3.93
Diluted earnings per share (in dollars per share) $ 2.90 $ 1.91 $ 4.84 $ 3.78
Weighted average shares outstanding:        
Basic (in shares) 86,360 89,169 86,159 89,466
Diluted (in shares) 90,131 92,702 89,694 92,970
[1] Reflects reclassifications from previously disclosed amounts to conform to current presentation.
[2] Reflects the impact of the Company's adoption of ASU 2016-02 "Leases", on January 1, 2019, using the modified retrospective transition method. Under this method, financial results reported in periods prior to 2019 are unchanged. Refer to footnote 2.