10-K/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

__________________________________________________

FORM 10-K/A

(Amendment No. 1)

þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2011

OR

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from            to

Commission file number 001-34819

GREEN DOT CORPORATION

(Exact name of Registrant as specified in its charter)

Delaware (State or other jurisdiction of incorporation or organization) 95-4766827 (IRS Employer Identification No.)

605 E. Huntington Drive, Suite 205 Monrovia, California 91016 (Address of principal executive offices, including zip code) (626) 775-3400 (Registrant's telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:
Class A Common Stock, $0.001 par value (Title of each class)	New York Stock Exchange (Name of each exchange on which registered)

Securities registered pursuant to Section 12(g) of the Act: None

__________________________________________________

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yesþ Noo

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yeso Noþ

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. YesþNoo

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). YesþNoo

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer þ	Accelerated filero	Non-accelerated filer o	Smaller reporting company o
		(Do not check if a smaller reporting company)

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Noþ

The aggregate market value of the common equity held by non-affiliates of the registrant (assuming for these purposes, but without conceding, that all executive officers, directors and 10% or greater stockholders are "affiliates" of the registrant) as of June 30, 2011, the last business day of the registrant's most recently completed second fiscal quarter, was approximately $911.2 million (based on the closing sale price of the registrant's common stock on that date as reported on the New York Stock Exchange).

There were 30,189,888 shares of Class A common stock, par value $.001 per share, (which number does not include 6,859,000 shares of Class A common stock issuable upon conversion of Series A Convertible Junior Participating Non-Cumulative Perpetual Preferred Stock) and 5,264,889 shares of Class B common stock, par value $.001 per share, outstanding as of January 31, 2012.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s proxy statement relating to the registrant’s 2012 Annual Meeting of Stockholders, to be held on or about May 24, 2012, are incorporated by reference into Part III of this Annual Report on Form 10-K where indicated.

EXPLANATORY NOTE

This Amendment No. 1 ("Amendment No. 1") to our Annual Report on Form 10-K for the year ended December 31, 2011, originally filed with the Securities and Exchange Commission on February 29, 2012 (the "Form 10-K"), is being filed to amend and restate our Index to Exhibits and to furnish our XBRL (eXtensible Business Reporting Language) interactive data files in Exhibit 101 as required by Rule 405 of Regulation S-T. As permitted by Rule 405(a)(2)(ii) of Regulation S-T, Exhibit 101 to this Form 10-K may be furnished by amendment within 30 days of the original filing date of the Form 10-K. We have also updated the cover page to provide additional information in this Amendment No. 1 to note that the shares of Class A common stock outstanding exclude the shares of Class A common stock issuable upon conversion of the Series A Convertible Junior Participating Non-Cumulative Perpetual Preferred Stock.

No other changes have been made to the Form 10-K other than those described above. This Amendment No. 1 does not reflect subsequent events occurring after the original filing date of the Form 10-K or modify or update in any way disclosures made in the Form 10-K.

SIGNATURE

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Green Dot Corporation
Date:	March 30, 2012	By:	/s/ Steven W. Streit
		Name:	Steven W. Streit
		Title:	Chairman, President, and Chief Executive Officer

EXHIBIT INDEX

		Incorporated by Reference
Exhibit Number	Exhibit Title	Form	Date	Number	Filed Herewith
3.1	Tenth Amended and Restated Certificate of Incorporation of the Registrant.	S-1(A2)	April 26, 2010	3.02
3.2	Amended and Restated Bylaws of the Registrant.	S-1(A4)	June 29, 2010	3.04
3.3	Certificate of Designations of Series A Convertible Junior Participating Non-Cumulative Perpetual Preferred Stock of Green Dot Corporation dated as of December 8, 2011	8-K	December 14, 2011	3.01
4.1	Ninth Amended and Restated Registration Rights Agreement by and among the Registrant, certain stockholders and certain warrant holders of the Registrant.	S-1(A4)	June 29, 2010	4.01
4.2	First Amendment to Ninth Amended and Restated Registration Rights Agreement by and among the Registrant, certain stockholders and certain warrant holders of the Registrant.	S-1(A7)	July 19, 2010	4.02
4.3	Second Amendment to the Ninth Amended and Restated Registration Rights Agreement dated as of December 8, 2011 among Green Dot Corporation, Sequoia Capital Franchise Fund, L.P., Sequoia Capital USGF Principals Fund IV L.P., Sequoia Capital Franchise Partners, L.P., Sequoia Capital U.S. Growth Fund IV, L.P., PayPal, Inc., TCV VII, L.P., TCV VII (A), L.P., TCV Member Fund, L.P., YKA Partners Ltd. and David William Hanna Trust dated October 30, 1989	8-K	December 11, 2011	4.01
10.1	Form of Indemnity Agreement.	S-1(A4)	June 29, 2010	10.01
10.2*	Second Amended and Restated 2001 Stock Plan and forms of notice of stock option grant, stock option agreement and stock option exercise letter.	S-1(A3)	June 2, 2010	10.02
10.3*	2010 Equity Incentive Plan and forms of notice of stock option grant, stock option award agreement, notice of restricted stock award, restricted stock agreement, notice of stock bonus award, stock bonus award agreement, notice of stock appreciation right award, stock appreciation right award agreement, notice of restricted stock unit award, restricted stock unit award agreement, notice of performance shares award and performance shares agreement.	S-1(A4)	June 29, 2010	10.03
10.4*	2010 Employee Stock Purchase Plan.	S-1(A4)	June 29, 2010	10.19
10.5	Lease Agreement between Registrant and Foothill Technology Center, dated July 8, 2005, as amended on August 21, 2008 and July 30, 2009.	S-1	February 26, 2010	10.04
10.6	Third Amendment to Lease Agreement between Registrant and Foothill Technology center, dated May 24, 2010.	10-K	February 28, 2011	10.5
10.7	Standard Sublease, dated January 12, 2010, between the Registrant and Telscape Communications, Inc., as amended.	10-Q	November 3, 2010	10.01
10.8	Lease Agreement between Registrant and Wells REIT II - Pasadena Corporate Park L.P., dated December 5, 2011	10-K	February 29, 2012	10.8
10.9†	Amended and Restated Prepaid Card Program Agreement, dated as of May 27, 2010, by and among the Registrant, Wal-Mart Stores, Inc., Wal-Mart Stores Texas, L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores East, Inc., Wal-Mart Stores, L.P. and GE Money Bank.	S-1(A6)	July 13, 2010	10.05

		Incorporated by Reference
Exhibit Number	Exhibit Title	Form	Date	Number	Filed Herewith
10.10††	First Amendment To Walmart MoneyCard Program Agreement dated as of January 12, 2012, (the “Tri-Party Agreement Amendment”) by and among Green Dot Corporation and Walmart Stores Texas L.P., Wal-Mart Louisiana, LLC, Wal-Mart Stores Arkansas, LLC, Wal-Mart Stores East, L.P., Wal-Mart Stores, Inc., and GE Money Bank.	10-K	February 29, 2012	10.10
10.11†	Card Program Services Agreement, dated as of October 27, 2006, by and between the Registrant and GE Money Bank, as amended.	S-1(A6)	July 13, 2010	10.06
10.12†	Program Agreement, dated as of November 1, 2009, by and between the Registrant and Columbus Bank and Trust Company.	S-1(A6)	July 13, 2010	10.07
10.13†	Agreement for Services, dated as of September 1, 2009, by and between the Registrant and Total System Services, Inc.	S-1(A6)	July 13, 2010	10.08
10.14††	Material Terms Amendment to Agreement for Services, dated as of January 19, 2012, and between Green Dot Corporation and Total System Services, Inc.	10-K	February 29, 2012	10.14
10.15†	Master Services Agreement, dated as of May 28, 2009, by and between the Registrant and Genpact International, Inc.	S-1(A6)	July 13, 2010	10.09
10.16	Amendment No. 1 to Master Services Agreement, dated as of November 3, 2010, by and between the Registrant and Genpact International, Inc.	10-K	February 28, 2011	10.11
10.17	Sixth Amended and Restated Loan and Line of Credit Agreement between Columbus Bank and Trust Company and Registrant, dated March 24, 2010.	S-1(A2)	April 26, 2010	10.1
10.18	Modification Agreement, dated March 31, 2010, between the Registrant and CB&T, a division of Synovus Bank.	10-Q	May 10, 2011	10.2
10.19*	Offer letter to William D. Sowell from the Registrant, dated January 28, 2009.	S-1	February 26, 2010	10.11
10.20*	Form of Executive Severance Agreement.	S-1(A2)	April 26, 2010	10.12
10.21*	2011 Executive Officer Incentive Bonus Plan.	10-Q	May 10, 2011	10.1
10.22*	2012 Executive Officer Incentive Bonus Plan.	10-K	February 29, 2012	10.22
10.23	Warrant to purchase shares of common stock of the Registrant.	S-1(A6)	July 13, 2010	10.15
10.24	Amendment No.1 to Warrant to purchase shares of common stock of the Registrant.	10-K	February 29, 2012	10.24
10.25	Class A Common Stock Issuance Agreement, dated as of May 27, 2010, between the Registrant and Wal-Mart Stores, Inc.	S-1(A6)	July 13, 2010	10.17
10.26	Share Exchange Agreement dated as of December 8, 2011 among Green Dot Corporation, Sequoia Capital Franchise Fund, L.P., Sequoia Capital USGF Principals Fund IV L.P., Sequoia Capital Franchise Partners, L.P., Sequoia Capital U.S. Growth Fund IV, L.P.	8-K	December 14, 2011	10.01
10.27	Voting Agreement, dated as of May 27, 2010, between the Registrant and Wal-Mart Stores, Inc.	S-1(A4)	June 29, 2010	10.18
10.28*	Separation Agreement and Release of Claims, dated as of February 24, 2012, between the Registrant and Mark T. Troughton.	10-K	February 29, 2012	10.28
10.29	Voting Agreement and Irrevocable Proxy, dated as of February 24, 2012, between the Registrant and Mark T. Troughton.	10-K	February 29, 2012	10.29

		Incorporated by Reference
Exhibit Number	Exhibit Title	Form	Date	Number	Filed Herewith
23.1	Consent of Ernst & Young LLP, independent registered public accounting firm.	10-K	February 29, 2012	23.1
24.1	Power of Attorney (included on the signature page of this Annual Report on Form 10-K).	10-K	February 29, 2012	24.1
31.1	Certification of Steven W. Streit, Chief Executive Officer and Chairman of the Board of Directors, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	10-K	February 29, 2012	31.1
31.2	Certification of John L. Keatley, Chief Financial Officer, pursuant to Rule 13a-14(a)/15d-14(a), as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.	10-K	February 29, 2012	31.2
32.1	Certification of Steven W. Streit, Chief Executive Officer and Chairman of the Board of Directors, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	10-K	February 29, 2012	32.1
32.2	Certification of John L. Keatley, Chief Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.	10-K	February 29, 2012	32.2
101.INS	XBRL Instance Document**				X
101.SCH	XBRL Taxonomy Extension Schema Document**				X
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document**				X
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document**				X
101.LAB	XBRL Taxonomy Extension Label Linkbase Document**				X
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document**				X

_____________

* Indicates management contract or compensatory plan or arrangement.

** Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

† Registrant has omitted portions of the referenced exhibit and filed such exhibit separately with the Securities and Exchange Commission pursuant to a grant of confidential treatment under Rule 406 promulgated under the Securities Act.

†† Confidential treatment has been requested with regard to certain portions of this document. Such portions were filed separately with the Commission.

XML

Earnings per Common Share (Tables)

12 Months Ended

Dec. 31, 2011

Earnings per Common Share [Abstract]

Antidilutive Shares

The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:

	Year Ended December 31,		Five Months Ended December 31, 2009	Year Ended July 31, 2009
	2011	2010
	(In thousands)
Class A common stock
Options to purchase Class A common stock	258	22	—	—
Restricted stock units	—	—	—	—
Conversion of convertible preferred stock	451	—
Total options and restricted stock units	709	22	—	—
Class B common stock
Options to purchase Class B common stock	5	11	223	97
Conversion of convertible preferred stock	—	13,803	24,942	25,674
Total options and convertible preferred stock	5	13,814	25,165	25,771

Earnings Per Share

The calculation of basic EPS and diluted EPS was as follows:

	Year Ended December 31,						Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011			2010
	(In thousands, except per share data)
Basic earnings per Class A common share
Net income	$	52,083		$	42,232		$	—	$	—
Allocated earnings to preferred stock	(558		)	(14,659		)	—		—
Allocated earnings to other classes of common stock	(24,022		)	(24,408		)	—		—
Net income allocated to Class A common stockholders	27,503			3,165			—		—
Weighted-average Class A shares issued and outstanding	22,238			2,980			—		—
Basic earnings per Class A common share	$	1.24		$	1.06		$	—	$	—
Diluted earnings per Class A common share
Net income allocated to Class A common stockholders	$	27,503		$	3,165		$	—	$	—
Allocated earnings to participating securities, net of re-allocated earnings	23,585			24,366			—		—
Re-allocated earnings	(1,036		)	(231		)	—		—
Diluted net income allocated to Class A common stockholders	50,052			27,300			—		—
Weighted-average Class A shares issued and outstanding	22,238			2,980			—		—
Dilutive potential common shares:
Class B common stock	19,822			24,796			—		—
Stock options	—			—			—		—
Restricted stock units	3			—			—		—
Employee stock purchase plan	2			6			—		—
Diluted weighted-average Class A shares issued and outstanding	42,065			27,782			—		—
Diluted earnings per Class A common share	$	1.19		$	0.98		$	—	$	—

	Year Ended December 31,						Five Months Ended December 31, 2009			Year Ended July 31, 2009
	2011			2010
	(In thousands, except per share data)
Basic earnings per Class B common share
Net income	$	52,083		$	42,232		$	13,663		$	37,163
Allocated earnings and deemed dividends to preferred stock	(558		)	(14,659		)	(9,170		)	(27,044		)
Allocated earnings to other classes of common stock	(29,613		)	(4,644		)	—			—
Accretion of redeemable convertible preferred stock	—			—			—			(1,956		)
Net income allocated to Class B common stockholders	21,912			22,929			4,493			8,163
Weighted-average Class B shares issued and outstanding	17,718			21,589			12,222			12,036
Basic earnings per Class B common share	$	1.24		$	1.06		$	0.37		$	0.68
Diluted earnings per Class B common share
Net income allocated to Class B common stockholders	$	21,912		$	22,929		$	4,493		$	8,163
Re-allocated earnings	1,673			1,437			—			—
Diluted net income allocated to Class B common stockholders	23,585			24,366			4,493			8,163
Weighted-average Class B shares issued and outstanding	17,718			21,589			12,222			12,036
Dilutive potential common shares:
Stock options	2,104			3,061			2,941			2,978
Warrants	—			146			262			698
Diluted weighted-average Class B shares issued and outstanding	19,822			24,796			15,425			15,712
Diluted earnings per Class B common share	$	1.19		$	0.98		$	0.29		$	0.52

XML

Accounts Receivable Reserve for uncollectible overdrawn accounts activity (Details) (Reserve for uncollectibe overdrawn accounts [Member], USD $) In Thousands, unless otherwise specified	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Reserve for uncollectibe overdrawn accounts [Member]
Uncollectible Overdrawn Accounts [Roll Forward]
Balance, beginning of period	$ 6,448	$ 11,823	$ 7,460	$ 5,277
Fees	10,255	55,048	43,634	20,187
Purchase Transactions	963	5,514	2,459	2,361
Charge-offs	(10,206)	(57,076)	(41,730)	(21,377)
Balance, end of period	$ 7,460	$ 15,309	$ 11,823	$ 6,448

XML

Summary of Significant Accounting Policies Other (Details) (USD $)	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011 D M	Dec. 31, 2010	Jul. 31, 2009	Dec. 08, 2011
Ownership percentage requiring consolidation		50.00%
Letter of credit		$ 2,500,000
Funds Held for Clients		710,600,000	251,800,000
Unactivated Funds Held		16,100,000	9,400,000
Threshold For Write Off		90
Nonaccrual Status Threshold		90
Other than Temporary Impairment, Credit Losses Recognized in Earnings, Additions, Additional Credit Losses		0
Allowance for Notes, Loans and Financing Receivable		0
Impairment of Long-Lived Assets Held-for-use	77,000	397,000	409,000	405,000
Months to Settle Overdrawn Accounts		12
GPR Average Card Lifetime		9
Gift Card Average Card Lifetime		6
Days to Recognize Cash Transfer Transactions		2
Sales Commissions and Fees	19,000,000	121,400,000	82,400,000	50,800,000
Advertising Expense	1,500,000	14,700,000	15,600,000	7,000,000
Manufacturing Costs	10,800,000	32,600,000	24,900,000	18,000,000
Shipping, Handling and Transportation Costs	1,200,000	3,400,000	2,700,000	2,300,000
Sales Tax Charged to Customers		0
Loans to bank customers		10,036,000	0		10,300,000
Loans Receivable, Fair Value Disclosure		10,000,000
Deposits		38,957,000	0
Deposits, Fair Value Disclosure		39,000,000
Software Development [Member]
Impairment of Long-Lived Assets Held-for-use	$ 77,000	$ 397,000	$ 409,000	$ 405,000
Minimum [Member]
Investment Securities Threshold Included in Current Assets		90
Maximum [Member]
Investment Securities Threshold Included in Current Assets		365

XML

Income Taxes Deferred Tax Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Deferred Tax Assets [Abstract]
Reserve for overdrawn accounts	$ 5,726	$ 4,811
State income taxes	486	(8)
Stock-based compensation	4,143	2,632
Fair value adjustment on acquired loans	1,308	0
Valuation allowance	0	0
Other	1,090	595
Total deferred tax assets	12,753	8,030
Deferred Tax Liabilities [Abstract]
Internal-use software costs	3,669	3,254
Deferred expenses	(3,987)	(3,378)
Core deposit intangible	(162)	0
Property and equipment, net	3,022	1,338
Total deferred tax liabilities	(10,840)	(7,970)
Net deferred tax assets	$ 1,913	$ 60

XML

Loans Loan Summary (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 08, 2011	Dec. 31, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	$ 2
60-89 days past due	0
90 days or more past due	0
Past due 30 days or more	2
Current or less than 30 days past due	9,236
Purchased credit-impaired loans	799
Total outstanding	10,036	10,300	0
Percentage outstanding, 30-59 days past due	0.02%
Percentage outstanding, 60-89 days past due	0.00%
Percentage outstanding, 90 days or more past due	0.00%
Percentage outstanding, total past due 30 days more	0.02%
Percentage outstanding, current or less than 30 days past due	92.02%
Percentage outstanding, purchase credit-impaired loans	7.96%
Percentage oustanding	100.00%
Allowance for loan losses	0
Real Estate [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	0
60-89 days past due	0
90 days or more past due	0
Past due 30 days or more	0
Current or less than 30 days past due	4,983
Purchased credit-impaired loans	503
Total outstanding	5,486
Commercial [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	2
60-89 days past due	0
90 days or more past due	0
Past due 30 days or more	2
Current or less than 30 days past due	1,371
Purchased credit-impaired loans	44
Total outstanding	1,417
Installment [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
30-59 days past due	0
60-89 days past due	0
90 days or more past due	0
Past due 30 days or more	0
Current or less than 30 days past due	2,882
Purchased credit-impaired loans	252
Total outstanding	$ 3,134

XML

Stockholders' Equity Follow-On Offering (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2010	Dec. 13, 2010
Class A common stock [Member]
Class of Stock [Line Items]
Shares sold		4,269,051
Offering price		$ 61
Class B Conversions to Class A [Member]
Class of Stock [Line Items]
Exercise of options, shares issued	936,301
Class B common stock [Member]
Class of Stock [Line Items]
Weighted-average exercise price, exercises		$ 4.32
Aggregate proceeds from exercises	$ 4.0

XML

Summary of Significant Accounting Policies Unaudited Comparative Financial Statements (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Operating Revenues [Abstract]
Card revenues and other fees									$ 50,895	$ 46,460	$ 209,489	$ 167,375	$ 119,356
Cash transfer revenues									30,509	24,391	134,143	101,502	62,396
Interchange revenues									31,353	18,212	141,103	108,380	53,064
Total operating revenues	119,674	115,387	115,030	117,307	91,847	88,904	90,318	92,819	112,757	89,063	467,398	363,888	234,816
Operating Expenses [Abstract]
Sales and marketing expenses									31,333	35,001	168,747	122,890	75,786
Compensation and benefits expenses									26,610	15,409	87,671	70,102	40,096
Processing expenses									17,480	11,765	70,953	56,978	32,320
Other general and administrative expenses									14,020	9,463	56,578	44,599	22,944
Total operating expenses	97,388	94,079	95,680	96,802	79,190	73,481	73,164	68,734	89,443	71,638	383,949	294,569	171,146
Operating income	22,286	21,308	19,350	20,505	12,657	15,423	17,154	24,085	23,314	17,425	83,449	69,319	63,670
Interest income									115	255	910	365	396
Interest expense									(2)	(1)	(346)	(52)	(1)
Income before income taxes	22,478	21,442	19,486	20,607	12,749	15,511	17,238	24,134	23,427	17,679	84,013	69,632	64,065
Income tax expense	8,470	8,139	7,416	7,906	4,811	6,540	4,730	11,319	9,764	7,424	31,930	27,400	26,902
Net income	14,008	13,303	12,070	12,701	7,938	8,971	12,508	12,815	13,663	10,255	52,083	42,232	37,163
Dividends, accretion, and allocated earnings of preferred stock									(9,170)	(11,153)	(558)	(14,659)	(29,000)
Net income allocated to common stockholders									4,493	(898)	51,525	27,573	8,163
Weighted-average shares issued and outstanding										12,028
Weighted-average diluted common shares issued and outstanding										12,028
Net cash provided by operating activities										5,999
Net cash used in operating activities										(2,452)
Net cash used in financing activities									(8,681)	(26,140)	(14,320)	(30,910)	28,618
Net decrease in unrestricted cash and cash equivalents									$ 29,739	$ (22,593)	$ 57,930	$ 111,200	$ (12,721)
Class B common stock [Member]
Operating Expenses [Abstract]
Basic loss per common share	$ 0.33	$ 0.32	$ 0.29	$ 0.30	$ 0.19	$ 0.22	$ 0.32	$ 0.34	$ 0.37	$ (0.07)	$ 1.24	$ 1.06	$ 0.68
Diluted loss per common share	$ 0.33	$ 0.30	$ 0.27	$ 0.29	$ 0.18	$ 0.20	$ 0.29	$ 0.27	$ 0.29	$ (0.07)	$ 1.19	$ 0.98	$ 0.52
Weighted-average shares issued and outstanding									12,222		17,718	21,589	12,036
Weighted-average diluted common shares issued and outstanding									15,425		19,822	24,796	15,712

XML

Property and Equipment (Tables)

12 Months Ended

Dec. 31, 2011

Property and Equipment [Abstract]

Summary of Property and Equipment

The estimated useful lives of the respective classes of assets are as follows:

Land	N/A
Building	30 years
Computer equipment, furniture and office equipment	3-4 years
Computer software purchased	3 years
Capitalized internal-use software	2 years
Tenant improvements	Shorter of the useful life or the lease term

Property and equipment consisted of the following:

	December 31, 2011			December 31, 2010
	(In thousands)
Land	$	205		$	—
Building	568			—
Computer equipment, furniture, and office equipment	17,119			14,643
Computer software purchased	6,284			6,035
Capitalized internal-use software	29,673			21,816
Tenant improvements	2,182			1,427
	56,031			43,921
Less accumulated depreciation and amortization	(28,750		)	(25,887		)
Property and equipment, net	$	27,281		$	18,034

XML

Stockholders' Equity Redeemable Convertible Preferred Stock (Details) (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended				12 Months Ended		12 Months Ended
	Jul. 31, 2009	Jul. 31, 2007	Jul. 31, 2007 Noncumulative Preferred Stock [Member]	Dec. 31, 2006 Noncumulative Preferred Stock [Member]	Jul. 31, 2007 Redeemable Convertible Preferred Stock [Member]	Dec. 19, 2008 Redeemable Convertible Preferred Stock [Member]	Jul. 31, 2007 Series D Warrant [Member]	Dec. 19, 2008 Series D Warrant [Member]	Oct. 31, 2006 Series D Warrant [Member]
Class of Stock [Line Items]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights								500,000	500,000
Stock Issued During Period, Shares, New Issues				2,926,458
Proceeds from Issuance of Redeemable Preferred Stock		$ 20.0
Sale of Stock, Consideration Received on Transaction							1.3
Temporary Equity, Stock Issued During Period, Value, New Issues					18.7
Stock repurchased during period, shares	2,926,458
Preferred Stock, Dividend Rate, Per-Dollar-Amount			$ 0.547
Temporary Equity, Liquidation Preference Per Share			$ 6.834
Series D Per Annum Rate			20.00%
Class of Warrant or Right, Exercise Price of Warrants or Rights									$ 6.834
Stock Redeemed or Called During Period, Value						$ 39.2
Stock Redeemed or Called During Period, Value Per Share						$ 13.38

XML

Borrowing Agreements (Details) (USD $)	12 Months Ended
	Mar. 31, 2012	Mar. 31, 2011	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 10,000,000	$ 10,000,000	$ 15,000,000
Interest rate desciption	LIBOR + 2.00%	LIBOR + 3.50%	LIBOR + 1.50%
Interest rate spread	2.00%	3.50%	1.50%
Cash collateral	10,000,000	5,000,000	15,000,000
Amount outstanding				$ 0	$ 0

XML

Earnings per Common Share Diluted Earnings Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	5 Months Ended		12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended
	Dec. 31, 2008	Dec. 31, 2009 Class A common stock [Member]	Dec. 31, 2011 Class A common stock [Member]	Dec. 31, 2010 Class A common stock [Member]	Jul. 31, 2009 Class A common stock [Member]	Dec. 31, 2009 Class A common stock [Member] Stock options [Member]	Dec. 31, 2011 Class A common stock [Member] Stock options [Member]	Dec. 31, 2010 Class A common stock [Member] Stock options [Member]	Jul. 31, 2009 Class A common stock [Member] Stock options [Member]	Dec. 31, 2009 Class A common stock [Member] Restricted stock units [Member]	Dec. 31, 2011 Class A common stock [Member] Restricted stock units [Member]	Dec. 31, 2010 Class A common stock [Member] Restricted stock units [Member]	Jul. 31, 2009 Class A common stock [Member] Restricted stock units [Member]	Dec. 31, 2009 Class A common stock [Member] Employee stock purchase plan [Member]	Dec. 31, 2011 Class A common stock [Member] Employee stock purchase plan [Member]	Dec. 31, 2010 Class A common stock [Member] Employee stock purchase plan [Member]	Jul. 31, 2009 Class A common stock [Member] Employee stock purchase plan [Member]	Dec. 31, 2009 Class A common stock [Member] Participating Securities [Member]	Dec. 31, 2011 Class A common stock [Member] Participating Securities [Member]	Dec. 31, 2010 Class A common stock [Member] Participating Securities [Member]	Jul. 31, 2009 Class A common stock [Member] Participating Securities [Member]	Dec. 31, 2009 Class A common stock [Member] Class B common stock [Member]	Dec. 31, 2011 Class A common stock [Member] Class B common stock [Member]	Dec. 31, 2010 Class A common stock [Member] Class B common stock [Member]	Jul. 31, 2009 Class A common stock [Member] Class B common stock [Member]	Dec. 31, 2009 Class B common stock [Member]	Dec. 31, 2011 Class B common stock [Member]	Dec. 31, 2010 Class B common stock [Member]	Jul. 31, 2009 Class B common stock [Member]	Dec. 31, 2009 Class B common stock [Member] Stock options [Member]	Dec. 31, 2011 Class B common stock [Member] Stock options [Member]	Dec. 31, 2010 Class B common stock [Member] Stock options [Member]	Jul. 31, 2009 Class B common stock [Member] Stock options [Member]	Dec. 31, 2009 Class B common stock [Member] Class A common stock [Member]	Dec. 31, 2011 Class B common stock [Member] Class A common stock [Member]	Dec. 31, 2010 Class B common stock [Member] Class A common stock [Member]	Jul. 31, 2009 Class B common stock [Member] Class A common stock [Member]	Dec. 31, 2011 Unvested Walmart Shares [Member]	Dec. 31, 2010 Unvested Walmart Shares [Member]
Diluted net income [Abstract]
Net income allocated, basic		$ 0	$ 27,503	$ 3,165	$ 0																	$ 0	$ (558)	$ (14,659)	$ 0	$ 4,493	$ 21,912	$ 22,929	$ 8,163					$ 0	$ (29,613)	$ (4,644)	$ 0
Allocated earnings to participating securities, net of re-allocated earnings																		0	23,585	24,366	0
Re-allocated earnings		0	(1,036)	(231)	0																					0	1,673	1,437	0
Diluted net income allocated to common stockholders		$ 0	$ 50,052	$ 27,300	$ 0																					$ 4,493	$ 23,585	$ 24,366	$ 8,163
Diluted weighted-average shares issued and outstanding [Abstract]
Weighted-average shares issued and outstanding	12,028	0	22,238	2,980	0																					12,222	17,718	21,589	12,036
Dilutive potential common shares [Abstract]
Class B common stock		0	19,822	24,796	0
Share-based arrangements						0	0	0	0	0	3	0	0	0	2	6	0													2,941	2,104	3,061	2,978
Warrants																										262	0	146	698
Diluted weighted-average shares issued and outstanding	12,028	0	42,065	27,782	0																					15,425	19,822	24,796	15,712
Diluted earnings per common share [Abstract]
Diluted earnings per common share		$ 0.00	$ 1.19	$ 0.98	$ 0.00																					$ 0.29	$ 1.19	$ 0.98	$ 0.52									$ 1.19	$ 0.98

XML

Loans PCI Loans (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 08, 2011
Accounts, Notes, Loans and Financing Receivable [Line Items]
Unpaid principal balance	$ 1,506
Carrying value	799	13,700
Contractually required principal balance	1,506
Nonaccretable difference	(608)
Cash flows expected to be collected at acquisition	898
Accretable yield	(99)
Fair value of loans acquired	$ 799

XML

Stockholders' Equity Shares Subject to Repurchase (Details) (Class A common stock [Member], USD $)			1 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	May 31, 2010 Walmart [Member]	Dec. 31, 2011 Walmart [Member]	May 02, 2010 Walmart [Member]
Class of Stock [Line Items]
Shares issued	30,162,000	14,762,000			2,208,552
Walmart repurchase price					$ 0.01
Shares, Monthly Vesting, Amount				36,810	36,810
Term for repurchase agreement			60 months
Unvested Walmart shares					1,472,352

XML

Stock-Based Compensation Options by Exercise Price Range (Details) (USD $)	12 Months Ended
	Dec. 31, 2011 Y
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding, number	4,755,668
Exercisable, number	3,035,471
0.83-1.41 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 0.83
Upper limit	$ 1.41
Outstanding, number	364,599
Outstanding, weighted-average remaining contractual life (in years)	2.64
Outstanding, weighted-average exercise price	$ 1.17
Exercisable, number	364,599
Exercisable, weighted-average remaining contractual life (in years)	2.64
Exercisable, weighted-average exercise price	$ 1.17
1.55-4.00 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 1.55
Upper limit	$ 4.00
Outstanding, number	542,710
Outstanding, weighted-average remaining contractual life (in years)	2.46
Outstanding, weighted-average exercise price	$ 1.58
Exercisable, number	542,710
Exercisable, weighted-average remaining contractual life (in years)	2.46
Exercisable, weighted-average exercise price	$ 1.58
4.64-10.75 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 4.64
Upper limit	$ 10.75
Outstanding, number	1,474,366
Outstanding, weighted-average remaining contractual life (in years)	6.31
Outstanding, weighted-average exercise price	$ 6.16
Exercisable, number	1,363,809
Exercisable, weighted-average remaining contractual life (in years)	6.26
Exercisable, weighted-average exercise price	$ 5.79
10.84-17.19 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 10.84
Upper limit	$ 17.19
Outstanding, number	136,140
Outstanding, weighted-average remaining contractual life (in years)	7.51
Outstanding, weighted-average exercise price	$ 15.83
Exercisable, number	63,709
Exercisable, weighted-average remaining contractual life (in years)	7.50
Exercisable, weighted-average exercise price	$ 15.85
20.01-31.61 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 20.01
Upper limit	$ 31.61
Outstanding, number	1,422,169
Outstanding, weighted-average remaining contractual life (in years)	8.09
Outstanding, weighted-average exercise price	$ 21.69
Exercisable, number	628,652
Exercisable, weighted-average remaining contractual life (in years)	7.89
Exercisable, weighted-average exercise price	$ 20.37
31.63-55.52 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Lower limit	$ 31.63
Upper limit	$ 55.52
Outstanding, number	815,684
Outstanding, weighted-average remaining contractual life (in years)	9.23
Outstanding, weighted-average exercise price	$ 38.91
Exercisable, number	71,992
Exercisable, weighted-average remaining contractual life (in years)	7.78
Exercisable, weighted-average exercise price	$ 36.02

XML

Stockholders' Equity Other (Details) (USD $)	12 Months Ended
	Dec. 31, 2011
Class of Stock [Line Items]
Other Comprehensive Income (Loss), Available-for-sale Securities, Tax	$ 18,000
Minimum Anticipated Sales Price To Request Form S-3 Registration	$ 1,000,000

XML

Stock-Based Compensation Other Figures (Details) (USD $)	3 Months Ended	5 Months Ended	12 Months Ended			5 Months Ended	12 Months Ended				5 Months Ended
	Dec. 31, 2011	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009	Dec. 31, 2009 Stock options [Member]	Dec. 31, 2011 Stock options [Member] Y	Dec. 31, 2010 Stock options [Member]	Jul. 31, 2009 Stock options [Member]	Dec. 31, 2011 Restricted Stock Units (RSUs) [Member] Y	Dec. 31, 2009 Chief Executive Officer [Member]	Dec. 31, 2011 Class A common stock [Member]	Dec. 31, 2010 Class A common stock [Member]	Dec. 31, 2011 Class A common stock [Member] Walmart [Member] M	May 02, 2010 Class A common stock [Member] Walmart [Member]
Other Data [Abstract]
Total stock-based compensation expense		$ 6,800,000	$ 9,500,000	$ 7,300,000	$ 2,500,000						$ 5,200,000
Tax benefit from compensation expense		2,600,000	1,800,000	1,300,000	400,000
Total intrinsic value of exercises		10,000,000	4,400,000	76,800,000	300,000
Tax benefit realized from exercises						1,900,000	3,000,000	24,800,000	0
Aggregate proceeds from exercises						900,000	3,200,000	5,600,000	100,000
Unrecognized compensation cost							19,000,000			3,400,000
Weighted-average period unrecognized compensation cost is expected to be recognized (in years)							2.8			0.8
Fair value											$ 20.01
Shares awarded											257,984
Stock-Based Retailer Incentive Compensation [Abstract]
Common Stock, Shares, Issued												30,162,000	14,762,000		2,208,552
Shares, Monthly Vesting, Amount														36,810	36,810
Shares, Vesting Period														60
Stock-based retailer incentive compensation	$ 17,337,000	$ 0	$ 17,337,000	$ 13,369,000	$ 0

XML

Stockholders' Equity Warrants (Details) (USD $)	Dec. 31, 2011 Sales Volume or Revenue Based Warrant [Member]	Dec. 31, 2010 Sales Volume or Revenue Based Warrant [Member]	Dec. 31, 2011 Additional Warrant [Member]	Dec. 19, 2008 Series D Warrant [Member]	Oct. 31, 2006 Series D Warrant [Member]
Warrants [Line Items]
Shares issuable, number of shares	3,426,765		856,691	500,000	500,000
Warrants, exercise price	$ 23.70		$ 23.70		$ 6.834
Fair value	$ 0	$ 0
Class of Warrant or Rights, Total Exercise Price of Warrants or Rights				$ 2,000,000

XML

Income Taxes Total Net Deferred Tax Assets and Liabilities (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Net Deferred Tax Assets and Liabilities [Abstract]
Current net deferred tax assets	$ 6,664	$ 5,398
Noncurrent net deferred tax liabilities	(4,751)	(5,338)
Net deferred tax assets	$ 1,913	$ 60

XML

Regulatory Requirements

12 Months Ended

Dec. 31, 2011

Banking and Thrift [Abstract]

Regulatory Requirements

Our subsidiary bank, Green Dot Bank, is a member bank of the Federal Reserve System and our primary regulator is the Federal Reserve Board. We are subject to various regulatory capital requirements administered by the federal banking agencies. Failure to meet minimum capital requirements can initiate certain mandatory actions by regulators that, if undertaken, could have a direct material effect on our financial statements. Under capital adequacy guidelines, we must meet specific capital guidelines that involve quantitative measures of the assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices. The capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.

As of December 31, 2011, we were categorized as well capitalized under the regulatory framework for prompt corrective action. To be categorized as well capitalized, we must maintain specific total risk-based, Tier I risk-based, and Tier I leverage ratios as set forth in the table below. There are no conditions or events since December 31, 2011 which management believes would have changed our category as well capitalized. We were not subject to these requirements as of December 31, 2010.

The actual, required minimum and amount we exceed the minimum capital amounts and ratios at December 31, 2011 are as follows:

	Actual Amount			Regulatory "well capitalized" minimum			Amount We Exceed Regulatory "well capitalized" minimum
	(in thousands, except ratios)
Tier 1 capital	$	228,971		$	16,578		$	212,393
Total risk-based capital	228,971			28,374			200,597
Average total assets for leverage capital purposes	331,554			N/A			N/A
Total risk weighted assets	283,737			N/A			N/A
Tier 1 leverage ratio	69.1		%	5.0		%	64.1		%
Tier 1 risk-based capital ratio	80.7		%	6.0		%	74.7		%
Total risk-based capital ratio	80.7		%	10.0		%	70.7		%

XML

Investment Securities Continuous Unrealized Loss (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Schedule of Available-for-sale Securities [Line Items]
Other-than-temporary impairment losses	$ 0
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value, Less Than 12 Months	2,999
Unrealized Losses, Less Than 12 Months	(1)
Fair Value, 12 Months or More	0
Unrealized Losses, 12 Months or More	0
Total Fair Value	2,999
Total Unrealized Losses	(1)
Agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value, Less Than 12 Months	1,663
Unrealized Losses, Less Than 12 Months	(4)
Fair Value, 12 Months or More	0
Unrealized Losses, 12 Months or More	0
Total Fair Value	1,663
Total Unrealized Losses	(4)
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value, Less Than 12 Months	324
Unrealized Losses, Less Than 12 Months	(1)
Fair Value, 12 Months or More	0
Unrealized Losses, 12 Months or More	0
Total Fair Value	324
Total Unrealized Losses	(1)
Total fixed income securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Fair Value, Less Than 12 Months	4,986
Unrealized Losses, Less Than 12 Months	(6)
Fair Value, 12 Months or More	0
Unrealized Losses, 12 Months or More	0
Total Fair Value	4,986
Total Unrealized Losses	$ (6)

XML

Regulatory Requirements Capital Amounts and Ratios (Tables)

12 Months Ended

Dec. 31, 2011

Regulatory Requirements [Abstract]

Capital Amounts and Ratios [Table Text Block]

The actual, required minimum and amount we exceed the minimum capital amounts and ratios at December 31, 2011 are as follows:

	Actual Amount			Regulatory "well capitalized" minimum			Amount We Exceed Regulatory "well capitalized" minimum
	(in thousands, except ratios)
Tier 1 capital	$	228,971		$	16,578		$	212,393
Total risk-based capital	228,971			28,374			200,597
Average total assets for leverage capital purposes	331,554			N/A			N/A
Total risk weighted assets	283,737			N/A			N/A
Tier 1 leverage ratio	69.1		%	5.0		%	64.1		%
Tier 1 risk-based capital ratio	80.7		%	6.0		%	74.7		%
Total risk-based capital ratio	80.7		%	10.0		%	70.7		%

XML

Stockholders' Equity Classes of Stock (Details) (USD $)					12 Months Ended
	Dec. 31, 2011 Class A common stock [Member]	Dec. 31, 2010 Class A common stock [Member]	Jul. 31, 2010 Class A common stock [Member]	Jun. 30, 2010 Class A common stock [Member]	Dec. 31, 2011 Class B common stock [Member]	Dec. 31, 2010 Class B common stock [Member]	Jul. 31, 2010 Class B common stock [Member]	Jun. 30, 2010 Class B common stock [Member]	Dec. 31, 2011 Common Stock [Member]	Dec. 31, 2011 Preferred Stock [Member]	Dec. 31, 2010 Preferred Stock [Member]	Jul. 31, 2010 Preferred Stock [Member]	Jun. 30, 2010 Preferred Stock [Member]	Dec. 31, 2011 Series A preferred stock [Member]	Dec. 08, 2011 Series A preferred stock [Member]	Dec. 31, 2010 Series A preferred stock [Member]
Class of Stock [Line Items]
Shares authorized	100,000,000	100,000,000	100,000,000	75,000,000	100,000,000	100,000,000	100,000,000	75,000,000
Shares authorized										10,000	0	5,000,000	25,553,267	10,085
Share exchange					6,859,000
Shares issued										7,000	0				6,859
Shares outstanding										7,000	0					0
Upon liquidation, the amount per share distributed before other classes of stock														$ 0.01
Conversion, criteria 2														2.00%
Conversion, criteria 3														50.00%
Preferred stock, shares issued upon conversion														1,000
Votes Per Share	1				10
Voting threshold									24.90%
Reduced voting power									14.90%
Conversion, criteria 3									10.00%

XML

Significant Customer Concentrations Stock-Based Retailer Incentive Compensation (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	5 Months Ended	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Concentration Risk [Line Items]
Stock-based retailer incentive compensation	$ 17,337	$ 0	$ 17,337	$ 13,369	$ 0

XML

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2011

Stockholders' Equity Attributable to Parent [Abstract]

Comprehensive Income

The components of comprehensive income, net of tax, are as follows:

	Twelve Months Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
	(In thousands)
Net income	$	52,083	$	42,232	$	13,663	$	37,163
Other comprehensive income:
Net change in unrealized gains on investment securities available-for-sale, net	30		—		—		—
Total comprehensive income	$	52,113	$	42,232	$	13,663	$	37,163

XML

Investment Securities Fair Value Hierarchy (Details) (Fair Value, Measurements, Recurring [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 0
Level 1 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 1 [Member] | Commercial Paper, Not Included with Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 1 [Member] | Other Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 1 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	31,210
Level 2 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	16,333
Level 2 [Member] | Commercial Paper, Not Included with Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,999
Level 2 [Member] | Other Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,500
Level 2 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,987
Level 2 [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	2,391
Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 3 [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 3 [Member] | Commercial Paper, Not Included with Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 3 [Member] | Other Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 3 [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Level 3 [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	0
Fair Value [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	31,210	0
Fair Value [Member] | Corporate Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	16,333
Fair Value [Member] | Commercial Paper, Not Included with Cash and Cash Equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	4,999
Fair Value [Member] | Other Debt Obligations [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,500
Fair Value [Member] | US Government Agencies Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	3,987
Fair Value [Member] | US States and Political Subdivisions Debt Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value	$ 2,391

XML

Related Party Transactions (Details) (USD $)				1 Months Ended		5 Months Ended	12 Months Ended	5 Months Ended	12 Months Ended	36 Months Ended	1 Months Ended	5 Months Ended	12 Months Ended	36 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Nov. 30, 2009	Feb. 28, 2006 Chief Executive Officer [Member]	Mar. 31, 2004 Chief Executive Officer [Member]	Dec. 31, 2009 Chief Executive Officer [Member]	Jul. 31, 2009 Chief Executive Officer [Member]	Dec. 31, 2009 Executive Officer [Member]	Jul. 31, 2009 Executive Officer [Member]	Jul. 31, 2009 Executive Officer [Member]	Feb. 29, 2008 Chief Financial Officer [Member]	Dec. 31, 2009 Chief Financial Officer [Member]	Jul. 31, 2009 Chief Financial Officer [Member]	Jul. 31, 2009 Minimum [Member] Executive Officer [Member]	Jul. 31, 2009 Maximum [Member] Executive Officer [Member]
Related Party Transaction [Line Items]
Related party receivables or payables	$ 0	$ 0
Related party repayments			936,000
Loan amounts				800,000	3,000,000					1,100,000	120,000			18,000	622,000
Number of installments										7
Interest rate				4.50%	3.50%						3.48%			2.72%	5.14%
Collateral for officer loans				2,500,000						898,000	85,000
Loans, outstanding balance							735,000		127,000	127,000			7,000
Interest recorded as additional paid-in-capital						$ 41,000	$ 160,000	$ 13,000	$ 50,000			$ 1,000	$ 5,000

XML

Property and Equipment Other Figures (Details) (USD $)	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Property, Plant and Equipment [Line Items]
Depreciation and amortization expense	$ 2,254,000	$ 12,330,000	$ 7,588,000	$ 4,593,000
Net carrying value of capitalized internal-use software		27,281,000	18,034,000
Software Development [Member]
Property, Plant and Equipment [Line Items]
Depreciation of internal-use software	1,300,000	6,000,000	3,800,000	2,500,000
Net carrying value of capitalized internal-use software		$ 14,600,000	$ 8,400,000

XML

Summary of Significant Accounting Policies Useful Lives of Property and Equipment (Details)	12 Months Ended
	Dec. 31, 2011
Land [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	N/A
Building [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	30
Computer equipment, furniture, and office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Minimum	3
Property, Plant and Equipment, Useful Life, Maximum	4
Computer software purchased [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	3
Software Development [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life, Average	2
Tenant improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Estimated Useful Lives	Shorter of the useful life or the lease term

XML

Investment Securities

12 Months Ended

Dec. 31, 2011

Investment Securities [Abstract]

Investment Securities

We classify our investment securities as available-for-sale and report them at fair value with the related unrealized gains and losses, net of tax, included in accumulated other comprehensive income, a component of stockholders’ equity. We classify investment securities with original maturities greater than 90 days, but less than or equal to 365 days as current assets.

The following table presents the amortized cost, gross unrealized gains and losses and fair value for investments securities aggregated by major security type:

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair Value
	(In thousands)
December 31, 2011
Corporate bonds	$	16,307	$	27	$	(1	)	$	16,333
Commercial paper	4,998		1		—			4,999
Negotiable certificate of deposit	3,500		—		—			3,500
Agency securities	3,979		12		(4		)	3,987
Municipal bonds	2,379		13		(1		)	2,391
Total fixed income securities	$	31,163	$	53	$	(6	)	$	31,210

We had no investment securities as of December 31, 2010.

The following table summarizes the gross unrealized losses and fair value of fixed income securities by the length of time that individual securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More				Total Fair Value		Total Unrealized Loss
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
December 31, 2011
Fixed income securities
Corporate bonds	$	2,999	$	(1	)	$	—	$	—	$	2,999	$	(1	)
Agency securities	1,663		(4		)	—		—		1,663		(4		)
Municipal bonds	324		(1		)	—		—		324		(1		)
Total fixed income securities	$	4,986	$	(6	)	$	—	$	—	$	4,986	$	(6	)

We did not record any other-than-temporary impairment losses during the year ended December 31, 2011 because we do not intend to sell these investments and it is more likely than not that we will not be required to sell these investments before recovery of their amortized cost bases, which may be at maturity.

The scheduled maturities of our fixed income securities are as follows:

	Amortized Cost		Fair Value
	(In thousands)
December 31, 2011
Due in one year or less	$	6,001	$	5,999
Due after one year through five years	21,178		21,205
Due after five years through ten years	3,042		3,056
Due after ten years	942		950
Total	$	31,163	$	31,210

Fair value is the price that would be received from selling an asset in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

The following table is a summary of our assets measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3		Fair value
	(In thousands)
December 31, 2011
Corporate bonds	$	—	$	16,333	$	—	$	16,333
Commercial paper	—		4,999		—		4,999
Certificate of deposit	—		3,500		—		3,500
Agency securities	—		3,987		—		3,987
Municipal bonds	—		$	2,391	—		2,391
Total	$	—	$	31,210	$	—	$	31,210

We had no assets measured at fair value on a recurring basis as of December 31, 2010. We based the fair value of our investment securities held as of December 31, 2011 on quoted prices in active markets for similar assets. We had no transfers between Level 1, Level 2 or Level 3 assets during the year ended December 31, 2011.

XML

Goodwill and Intangible Assets Goodwill (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Goodwill [Line Items]
Goodwill	$ 10,817	$ 0

XML

Selected Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Selected Unaudited Quarterly Financial Information

The following tables set forth a summary of our quarterly financial information for each of the four quarters ended December 31, 2011 and 2010.

	Q4		Q3		Q2		Q1
	(in thousands, except per share data)
2011
Total operating revenues	$	119,674	$	115,387	$	115,030	$	117,307
Total operating expenses	97,388		94,079		95,680		96,802
Operating income	22,286		21,308		19,350		20,505
Interest income, net	192		134		136		102
Income before income taxes	22,478		21,442		19,486		20,607
Income tax expense	8,470		8,139		7,416		7,906
Net income	$	14,008	$	13,303	$	12,070	$	12,701
Earnings per share
Basic
Class A common stock	$	0.33	$	0.32	$	0.29	$	0.30
Class B common stock	$	0.33	$	0.32	$	0.29	$	0.30
Diluted
Class A common stock	$	0.33	$	0.30	$	0.27	$	0.29
Class B common stock	$	0.33	$	0.30	$	0.27	$	0.29

	Q4		Q3		Q2		Q1
	(in thousands, except per share data)
2010
Total operating revenues	$	91,847	$	88,904	$	90,318	$	92,819
Total operating expenses	79,190		73,481		73,164		68,734
Operating income	12,657		15,423		17,154		24,085
Interest income, net	92		88		84		49
Income before income taxes	12,749		15,511		17,238		24,134
Income tax expense	4,811		6,540		4,730		11,319
Net income	$	7,938	$	8,971	$	12,508	$	12,815
Earnings per share
Basic
Class A common stock	$	0.19	$	0.22	$	0.32	—
Class B common stock	$	0.19	$	0.22	$	0.32	$	0.34
Diluted
Class A common stock	$	0.18	$	0.20	$	0.29	—
Class B common stock	$	0.18	$	0.20	$	0.29	$	0.27

XML

Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies [Abstract]

Property, Plant and Equipment [Table Text Block]

The estimated useful lives of the respective classes of assets are as follows:

Land	N/A
Building	30 years
Computer equipment, furniture and office equipment	3-4 years
Computer software purchased	3 years
Capitalized internal-use software	2 years
Tenant improvements	Shorter of the useful life or the lease term

Property and equipment consisted of the following:

	December 31, 2011			December 31, 2010
	(In thousands)
Land	$	205		$	—
Building	568			—
Computer equipment, furniture, and office equipment	17,119			14,643
Computer software purchased	6,284			6,035
Capitalized internal-use software	29,673			21,816
Tenant improvements	2,182			1,427
	56,031			43,921
Less accumulated depreciation and amortization	(28,750		)	(25,887		)
Property and equipment, net	$	27,281		$	18,034

Unaudited Comparative Financial Statement [Table Text Block]

In our opinion, the unaudited consolidated financial information reflects all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the results of our operations and our cash flows for the five months ended December 31, 2008.

	Five Months Ended December 31, 2008
	(In thousands)
Operating revenues:
Card revenues and other fees	$	46,460
Cash transfer revenues	24,391
Interchange revenues	18,212
Total operating revenues	89,063
Operating expenses:
Sales and marketing expenses	35,001
Compensation and benefits expenses	15,409
Processing expenses	11,765
Other general and administrative expenses	9,463
Total operating expenses	71,638
Operating income	17,425
Interest income	255
Interest expense	(1		)
Income before income taxes	17,679
Income tax expense	7,424
Net income	10,255
Dividends, accretion, and allocated earnings of preferred stock	(11,153		)
Net loss allocated to common stockholders	$	(898	)

	Five Months Ended December 31, 2008
	(In thousands, except per share data)
Loss per common share
Basic	$	(0.07	)
Diluted	$	(0.07	)
Weighted-average common shares issued and outstanding	12,028
Weighted-average diluted common shares issued and outstanding	12,028
Net cash provided by operating activities	$	5,999
Net cash used in operating activities	(2,452		)
Net cash used in financing activities	(26,140		)
Net decrease in unrestricted cash and cash equivalents	$	(22,593	)

XML

Summary of Significant Accounting Policies Level 2 (Policies)

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies [Abstract]

Amounts Due Under Line of Credit [Policy Text Block]

Amounts Due Under Line of Credit

After a consumer purchases a new card or cash transfer product at a retail location, we make the funds immediately available once the consumer goes online or calls a toll-free number to activate the new card or add funds from a cash transfer product. Since our retail distributors do not remit funds to our card issuing banks, on average, for two business days, we maintain a line of credit with certain card issuing banks that is available to fund any cash requirements related to the timing difference between funds remitted by our retail distributors to the card issuing banks and funds utilized by consumers. We repay any draws on this line of credit when our retail distributors remit the funds to the card issuing banks’ bank accounts.

Basis of Presentation

Basis of Presentation

We have prepared the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP. We have eliminated all significant intercompany balances and transactions in consolidation. Our consolidated financial statements include the results of entities that we control through a 50% or more ownership interest. Beginning December 8, 2011, our consolidated financial and operating results and cash flows reflect the operations of Green Dot Bank.

We consider an operating segment to be any component of our business whose operating results are regularly reviewed by our chief operating decision-maker to make decisions about resources to be allocated to the segment and assess its performance based on discrete financial information. Only those operating segments that meet certain quantitative and qualitative criteria are reportable segments. Our Chief Executive Officer, our chief operating decision-maker, reviews our operating results on an aggregate basis and manages our operations and the allocation of resources as a single operating segment — prepaid cards and related services.

Change in Fiscal Year

Change in Fiscal Year

On September 29, 2009, our board of directors approved a change to our fiscal year-end from July 31 to December 31. Included in this report is the transition period for the five months ended December 31, 2009. Accordingly, these financial statements present our results of our operations, changes in redeemable convertible preferred stock and in stockholders’ equity and cash flows for the years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31, 2009.

Unaudited Comparative Financial Statements

Unaudited Comparative Financial Statements

As a result of our change in fiscal year-end, we have presented below, for comparative purposes, our unaudited consolidated statement of operations and condensed consolidated statement of cash flows for the five months ended December 31, 2008. In our opinion, the unaudited consolidated financial information reflects all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the results of our operations and our cash flows for the five months ended December 31, 2008.

	Five Months Ended December 31, 2008
	(In thousands)
Operating revenues:
Card revenues and other fees	$	46,460
Cash transfer revenues	24,391
Interchange revenues	18,212
Total operating revenues	89,063
Operating expenses:
Sales and marketing expenses	35,001
Compensation and benefits expenses	15,409
Processing expenses	11,765
Other general and administrative expenses	9,463
Total operating expenses	71,638
Operating income	17,425
Interest income	255
Interest expense	(1		)
Income before income taxes	17,679
Income tax expense	7,424
Net income	10,255
Dividends, accretion, and allocated earnings of preferred stock	(11,153		)
Net loss allocated to common stockholders	$	(898	)

	Five Months Ended December 31, 2008
	(In thousands, except per share data)
Loss per common share
Basic	$	(0.07	)
Diluted	$	(0.07	)
Weighted-average common shares issued and outstanding	12,028
Weighted-average diluted common shares issued and outstanding	12,028
Net cash provided by operating activities	$	5,999
Net cash used in operating activities	(2,452		)
Net cash used in financing activities	(26,140		)
Net decrease in unrestricted cash and cash equivalents	$	(22,593	)

Use of Estimates and Assumptions

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements, including the accompanying notes. We base our estimates and assumptions on historical factors, current circumstances, and the experience and judgment of management. We evaluate our estimates and assumptions on an ongoing basis. Actual results could differ from those estimates.

Unrestricted Cash and Cash Equivalents

Unrestricted Cash and Cash Equivalents

We consider all unrestricted highly liquid investments with an original maturity of three months or less to be unrestricted cash and cash equivalents. Federal funds sold consist of unsecured overnight advances of excess balances in our bank reserve account and are included in unrestricted cash and cash equivalents on our statements of cash flows.

Restricted Cash

Restricted Cash

We maintain restricted deposits in bank accounts to collateralize our line of credit and our standby letter of credit. Our line of credit is used to fund timing differences between funds remitted by our retail distributors to the banks that issue our cards and funds utilized by our cardholders. Our standby letter of credit, in the amount of $2.5 million, acts as a guarantee for our full performance of our obligations under our new ten year office lease in Pasadena.

For additional information on our new office lease, refer to Note 17 – Commitments and Contingencies.

Settlement Assets and Obligations

Settlement Assets and Obligations

Our retail distributors collect customer funds for purchases of new cards and cash transfer products and then remit these funds directly to bank accounts established for the benefit of these customers by the third-party card issuing banks. The remittance of these funds by our retail distributors takes an average of two business days.

Settlement assets represent the amounts due from our retail distributors for customer funds collected at the point of sale that have not yet been remitted to the card issuing banks.

Settlement obligations represent the amounts due from us to the card issuing banks for funds collected but not yet remitted by our retail distributors and not funded by our line of credit.

We have no control over or access to customer funds remitted by our retail distributors to the third-party issuing bank accounts. Customer funds held by third-party issuing banks, therefore, are not our assets, and we do not recognize them in our consolidated financial statements. As of December 31, 2011 and 2010, total funds held in the bank accounts for the benefit of our customers totaled $710.6 million and $251.8 million, respectively, of which $16.1 million and $9.4 million, respectively, related to funds for prepaid debit cards and cash transfer products that had not yet been activated by the customers.

Accounts Receivable, Net

Accounts Receivable, Net

Accounts receivable is comprised principally of receivables due from card issuing banks, overdrawn account balances due from cardholders, trade accounts receivable and other receivables. We record accounts receivable net of reserves for estimated uncollectible accounts. Receivables due from card issuing banks primarily represent revenue-related funds collected by the card issuing banks from our retail distributors, merchant banks and cardholders that have yet to be remitted to us. These receivables are generally collected within a short period of time based on the remittance terms in our agreements with the card issuing banks.

Overdrawn Account Balances Due from Cardholders and Reserve for Uncollectible Overdrawn Accounts [Policy Text Block]

Overdrawn Account Balances Due from Cardholders and Reserve for Uncollectible Overdrawn Accounts

Cardholder account overdrafts may arise from maintenance fee assessments on our GPR cards or from purchase transactions that we honor on GPR or gift cards, in each case in excess of the funds in a cardholder’s account. We are exposed to losses from unrecovered cardholder account overdrafts. We establish a reserve for uncollectible overdrawn accounts. We classify overdrawn accounts into age groups based on the number of days that have elapsed since an account has had activity, such as a purchase, ATM transaction or maintenance fee assessment. We calculate a reserve factor for each age group based on the average recovery rate for the most recent six months. These factors are applied to these age groups to estimate our overall reserve. When more than 90 days have passed without activity in an account, we consider recovery to be remote and write off the full amount of the overdrawn account balance. We include our provision for uncollectible overdrawn accounts related to maintenance fees as an offset to card revenues and other fees in the accompanying consolidated statements of operations. We include our provision for uncollectible overdrawn accounts related to purchase transactions in other general and administrative expenses in the accompanying consolidated statements of operations.

Loans

Loans

In connection with our acquisition of Bonneville Bancorp, we acquired loans and recorded them at fair value on the acquisition date. We carry our loans at their outstanding principal balances, net of any unaccreted discounts. We generally accrete these discounts into interest income over the remaining contractual term of the loans using a level yield methodology. We recognize interest income as it is earned.

Purchased Credit-Impaired Loans

Some of our purchased loans have evidence of credit quality deterioration since origination. We consider purchased loans to be impaired if we do not expect to receive all contractually required cash flows due to concerns about credit quality. The excess of the cash flows expected to be collected measured as of the acquisition date, over the estimated fair value is referred to as the accretable yield and is recognized in interest income over the remaining life of the loan using a level yield methodology. The difference between contractually-required payments as of the acquisition date and the cash flows expected to be collected is referred to as the nonaccretable difference.

We determine the initial fair values of purchased credit-impaired loans, or PCI loans, using a discounted cash flow model based on assumptions about the amount and timing of principal and interest payments, estimates of principal losses and current market rates.

If there are subsequent decreases in expected principal cash flows, we record a charge to the provision for credit losses and a corresponding increase to the allowance for loan losses. If there are subsequent increases in expected principal cash flows, we record a recovery of any previously recorded allowance for loan losses, to the extent applicable, and a reclassification from nonaccretable difference to accretable yield for any remaining increase.

Since PCI loans are recorded at fair value at the acquisition date, we do not classify these loans as nonperforming as the loans were written down to fair value at the acquisition date and the accretable yield is recognized in interest income over the remaining life of the loan.

Nonperforming Loans

Nonperforming loans generally include loans, other than PCI loans, that have been placed on nonaccrual status. We generally place loans on nonaccrual status when they are past due 90 days or more. We reverse the related accrued interest receivable and apply interest collections on nonaccruing loans as principal reductions; otherwise, we credit such collections to interest income when received. These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected.

We consider a loan to be impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once we determine a loan to be impaired, we measure the impairment based on the present value of the expected future cash flows discounted at the loan's effective interest rate. We may also measure impairment based on observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell. If the recorded investment in impaired loans exceeds this amount, we establish a specific allowance as a component of the allowance for loan losses or by adjusting an existing valuation allowance for the impaired loan.

We establish an allowance for loan losses to account for estimated credit impairment in the loan portfolio.  However, as our loan portfolio was acquired on December 8, 2011 at fair value, there was no perceived credit impairment as of December 31, 2011 and therefore no allowance has been established.

Property and Equipment

Property and Equipment

We carry our property and equipment at cost less accumulated depreciation and amortization. We generally compute depreciation on property and equipment using the straight-line method over the estimated useful lives of the assets, except for internal-use software in development and land, which are not depreciated. We generally compute amortization on tenant improvements using the straight-line method over the shorter of the related lease term or estimated useful lives of the improvements. We expense expenditures for maintenance and repairs as incurred.

The estimated useful lives of the respective classes of assets are as follows:

Land	N/A
Building	30 years
Computer equipment, furniture and office equipment	3-4 years
Computer software purchased	3 years
Capitalized internal-use software	2 years
Tenant improvements	Shorter of the useful life or the lease term

We capitalize certain internal and external costs incurred to develop internal-use software during the application development stage. We also capitalize the cost of specified upgrades and enhancements to internal-use software that result in additional functionality. Once a development project is substantially complete and the software is ready for its intended use, we begin depreciating these costs on a straight-line basis over the internal-use software’s estimated useful life.

Impairment of Long Lived Assets

Impairment of Long Lived Assets

We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of expected undiscounted future cash flows from an asset is less than the carrying amount of the asset, we recognize an impairment loss. We measure the loss as the amount by which the carrying amount exceeds its fair value calculated using the present value of estimated net future cash flows. Included in other general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31, 2009 were $397,000, $409,000, $77,000 and $405,000, respectively, of recognized impairment losses on internal-use software.

Goodwill

Goodwill

We test goodwill annually for impairment or more frequently upon the occurrence of certain events or substantive changes in circumstances that indicate goodwill is more likely than not impaired. The testing of goodwill for impairment is required to be performed at the level referred to as the reporting unit. A reporting unit is either the “operating segment level” or one level below, which is referred to as a “component.”

Goodwill impairment is determined using a two-step process. The first step involves a comparison of the estimated fair value of a reporting unit to its carrying amount, including goodwill. In performing the first step, we determine the fair value of its reporting unit using a market-based approach based on the our market capitalization. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. If the carrying amount of a reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed. The second step of the goodwill impairment test compares the implied fair value of the reporting unit’s goodwill with its carrying amount to measure the amount of impairment loss, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess.

Amounts Due to Card Issuing Banks for Overdrawn Accounts

Amounts Due to Card Issuing Banks for Overdrawn Accounts

Our card issuing banks fund overdrawn cardholder account balances on our behalf. Amounts funded are due from us to the card issuing banks based on terms specified in the agreements with the card issuing banks. Generally, we expect to settle these obligations within 12 months.

Revenue Recognition

Revenue Recognition

Our operating revenues consist of card revenues and other fees, cash transfer revenues and interchange revenues. We recognize revenue when the price is fixed or determinable, persuasive evidence of an arrangement exists, the product is sold or the service is performed, and collectibility of the resulting receivable is reasonably assured.

Card revenues and other fees consist of monthly maintenance fees, ATM fees, new card fees and other revenues. We charge maintenance fees on a monthly basis pursuant to the terms and conditions in the applicable cardholder agreements. We recognize monthly maintenance fees ratably over the month for which they are assessed. We charge ATM fees to cardholders when they withdraw money at certain ATMs in accordance with the terms and conditions in our cardholder agreements. We recognize ATM fees when the withdrawal is made by the cardholder, which is the same time our service is completed and the fees are assessed. We charge new card fees when a consumer purchases a new card in a retail store. We defer and recognize new card fee revenues on a straight-line basis over our average card lifetime, which is currently nine months for our GPR cards and six months for our gift cards. We determine the average card lifetime based on our recent historical data for comparable products. We measure card lifetime for our GPR cards as the period of time, inclusive of reload activity, between sale (or activation) of the card and the date of the last positive balance. We measure the card lifetime for our gift cards as the redemption period during which cardholders perform the substantial majority of their transactions. We reassess average card lifetime quarterly. We report the unearned portion of new card fees as a component of deferred revenue in our consolidated balance sheets. Other revenues consist primarily of fees associated with optional products or services, which we generally offer to consumers during the card activation process. Optional products and services include providing a second card for an account, expediting delivery of the personalized debit card that replaces the temporary card obtained at the retail store, and upgrading a cardholder account to one of our upgrade programs. We generally recognize revenue related to optional products and services when the underlying services are completed, but we treat revenues related to our upgrade programs in a manner similar to new card fees and monthly maintenance fees.

We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. We recognize these revenues when the cash transfer transactions are completed, generally within two business days from the time of sale of these products.

We earn interchange revenues from fees remitted by the merchant’s bank, which are based on rates established by the payment networks, such as Visa and MasterCard, when cardholders make purchase transactions using our cards. We recognize interchange revenues as these transactions occur.

We report our different types of revenues on a gross or net basis based on our assessment of whether we act as a principal or an agent in the transaction. To the extent we act as a principal in the transaction, we report revenues on a gross basis. In concluding whether or not we act as a principal or an agent, we evaluate whether we have the substantial risks and rewards under the terms of the revenue-generating arrangements, whether we are the party responsible for fulfillment of the services purchased by the cardholders, and other factors. For all of our significant revenue-generating arrangements, including GPR and gift cards, we record revenues on a gross basis.

Generally, customers have limited rights to a refund of a new card fee or a cash transfer fee. We have elected to recognize revenues prior to the expiration of the refund period, but reduce revenues by the amount of expected refunds, which we estimate based on actual historical refunds.

On occasion, we enter into incentive agreements with our retail distributors and offer incentives to customers designed to increase product acceptance and sales volume. We record incentive payments, including the issuance of equity instruments, as a reduction of revenues and recognize them over the period the related revenues are recognized or as services are rendered, as applicable.

Sales and Marketing Expenses

Sales and Marketing Expenses

Sales and marketing expenses primarily consist of sales commissions, advertising and marketing expenses, and the costs of manufacturing and distributing card packages, placards, and promotional materials to our retail distributors’ locations and personalized GPR cards to consumers who have activated their cards.

We pay our retail distributors and brokers commissions based on sales of our prepaid debit cards and cash transfer products in their stores. We defer and expense commissions related to new cards sales ratably over the average card lifetime, which is currently nine months for our GPR cards and six months for our gift cards. We expense commissions related to cash transfer products when the cash transfer transactions are completed. Sales commissions were $121.4 million and $82.4 million for the years ended December 31, 2011 and 2010, respectively, $19.0 million for the five months ended December 31, 2009, and $50.8 million for the year ended July 31, 2009.

We expense costs for the production of advertising as incurred. The cost of media advertising is expensed when the advertising first takes place. Advertising and marketing expenses were $14.7 million and $15.6 million for the years ended December 31, 2011 and 2010, respectively, $1.5 million for the five months ended December 31, 2009, and $7.0 million for the year ended July 31, 2009.

We record the costs associated with card packages and placards as prepaid expenses, and we record the costs associated with personalized GPR cards as deferred expenses. We recognize the prepaid cost of card packages and placards over the related sales period, and we amortize the deferred cost of personalized GPR cards, when activated, over the average card lifetime, currently nine months. Our manufacturing and distributing costs were $32.6 million and $24.9 million for the years ended December 31, 2011 and 2010, respectively, $10.8 million for the five months ended December 31, 2009, and $18.0 million for the year ended July 31, 2009. Included in our manufacturing and distributing costs were shipping and handling costs of $3.4 million and $2.7 million for the years ended December 31, 2011 and 2010, respectively, $1.2 million for the five months ended December 31, 2009, and $2.3 million for the year ended July 31, 2009. Also included in our manufacturing and distributing costs was a liability that we incurred for use tax to various states related to purchases of materials since no sales tax is charged to customers when new cards or cash transfer transactions are purchased.

Employee Stock-Based Compensation

Employee Stock-Based Compensation

We record employee stock-based compensation expense using the fair value method of accounting. For stock options and stock purchases under our employee stock purchase plan, or ESPP, we base compensation expense on fair values estimated at the grant date using the Black-Scholes option-pricing model. For stock awards, including restricted stock units, we base compensation expense on the fair value of our common stock at the grant date. We recognize compensation expense for awards with only service conditions that have graded vesting schedules on a straight-line basis over the vesting period of the award. Vesting is based upon continued service to our company.

For additional information, refer to Note 14 – Stock-Based Compensation.

Income Taxes

Income Taxes

Our income tax expense is comprised of current and deferred income tax expense. Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense results from the changes in deferred tax assets and liabilities during the periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences between the bases of assets and liabilities as measured by tax laws and their bases as reported in our consolidated financial statements. We also recognize deferred tax assets for tax attributes such as net operating loss carryforwards and tax credit carryforwards. We record valuation allowances to reduce deferred tax assets to the amounts we conclude are more likely-than-not to be realized in the foreseeable future.

We recognize and measure income tax benefits based upon a two-step model: 1) a tax position must be more likely-than-not to be sustained based solely on its technical merits in order to be recognized, and 2) the benefit is measured as the largest dollar amount of that position that is more likely-than-not to be sustained upon settlement. The difference between the benefit recognized for a position and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. We accrue income tax related interest and penalties, if applicable, within income tax expense.

For additional information, refer to Note 10 – Income Taxes.

Earnings Per Common Share

Earnings Per Common Share

We have multiple classes of common stock and our preferred stockholders, during the periods their shares are outstanding, are entitled to participate with common stockholders in the distributions of earnings through dividends. Therefore, we apply the two-class method in calculating earnings per common share, or EPS. The two-class method requires net income, after deduction of any preferred stock dividends, deemed dividends on preferred stock redemptions, and accretions in the carrying value on preferred stock, to be allocated between each class or series of common and preferred stockholders based on their respective rights to receive dividends, whether or not declared. Basic EPS is then calculated by dividing net income allocated to each class of common stockholders by the respective weighted-average common shares issued and outstanding.

In addition, for diluted EPS, the conversion of Class B common stock can affect net income allocated to Class A common stockholders. Where the effect of this conversion is dilutive, we adjust net income allocated to Class A common stockholders by the associated allocated earnings of the convertible securities. We divide adjusted net income for each class of common stock by the respective weighted-average number of the common shares issued and outstanding for each period plus amounts representing the dilutive effect of outstanding stock options and restricted stock units and outstanding warrants, shares to be purchased under our employee stock purchase plan and the dilution resulting from the conversion of convertible securities, if applicable. We exclude the effects of convertible securities and outstanding warrants and stock options from the computation of diluted EPS in periods in which the effect would be anti-dilutive. We calculate dilutive potential common shares using the treasury stock method, if-converted method and the two-class method, as applicable.

For additional information, refer to Note 15 – Earnings Per Common Share.

Fair Value of Financial Instruments

Fair Value of Financial Instruments

The following describes the valuation technique for determining the fair value of financial instruments, whether or not carried as such on our consolidated balance sheets.

Short-term Financial Instruments

Our short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, federal funds sold,and settlement assets and obligations. These financial instruments are short-term in nature, and, accordingly, we believe their carrying amounts approximate their fair values.

Investment Securities

The fair values of investment securities have been derived using methodologies described in Note 3 – Investment Securities.

Loans

We determined the fair values of loans by discounting both principal and interest cash flows expected to be collected using a discount rate commensurate with the risk that we believe a market participant would consider in determining fair value. The carrying value and fair value of our loans at December 31, 2011 were $10.0 million and $10.0 million, respectively.

Deposits

The fair value of demand and interest checking deposits and savings deposits is the amount payable on demand at the reporting date. We determined the fair value of time deposits by discounting expected future cash flows using market-derived rates based on our market yields on certificates of deposit, by maturity, at the measurement date. The carrying value and fair value of our deposits at December 31, 2011 were $39.0 million and $39.0 million, respectively.

Fair value is the price that would be received from selling an asset in an orderly transaction between market participants at the measurement date. Fair value is estimated by applying the following hierarchy, which prioritizes the inputs used to measure fair value into three levels and bases the categorization within the hierarchy upon the lowest level of input that is available and significant to the fair value measurement:

Level 1 – Quoted prices in active markets for identical assets or liabilities.

Level 2 – Observable inputs other than quoted prices in active markets for identical assets and liabilities, quoted prices for identical or similar assets or liabilities in inactive markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

Level 3 – Inputs that are generally unobservable and typically reflect management’s estimate of assumptions that market participants would use in pricing the asset or liability.

Regulatory Matters and Capital Adequacy

Regulatory Matters and Capital Adequacy

We became a bank holding company on December 8, 2011. As a bank holding company, we are subject to comprehensive supervision and examination by the Federal Reserve Board and must comply with applicable regulations, including minimum capital and leverage requirements. If we fail to comply with any of these requirements, we may become subject to formal or informal enforcement actions, proceedings, or investigations, which could result in regulatory orders, restrictions on our business operations or requirements to take corrective actions, which may, individually or in the aggregate, affect our results of operations and restrict our ability to grow. If we fail to comply with the applicable capital and leverage requirements, or if our subsidiary bank fails to comply with its applicable capital and leverage requirements, the Federal Reserve Board may limit our or Green Dot Bank's ability to pay dividends. In addition, as a bank holding company and a financial holding company, we are generally prohibited from engaging, directly or indirectly, in any activities other than those permissible for bank holding companies and financial holding companies. This restriction might limit our ability to pursue future business opportunities which we might otherwise consider but which might fall outside the scope of permissible activities. We may also be required to serve as a “source of strength” to Green Dot Bank if it becomes less than adequately capitalized.

Description of New Accounting Pronouncements Not yet Adopted

Recent Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassification of Items Out of Accumulated Other Comprehensive Income. In June 2011, the FASB issued ASU 2011-05, Comprehensive Income: Presentation of Comprehensive Income, which requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity. ASU 2011-05 does not change the items which must be reported in other comprehensive income, how such items are measured or when they must be reclassified to net income. ASU 2011-12 only defers those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments. Both ASUs are effective for interim and annual periods beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment, which provides entities testing goodwill for impairment to now have an option of performing a qualitative assessment before having to calculate the fair value of a reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more-likely-than-not less than the carrying amount, the existing quantitative impairment test is required. Otherwise, no further impairment testing is required. This ASU is effective for fiscal years beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, which converges common fair value measurement and disclosure requirements in accordance with GAAP and International Financial Reporting Standards, or IFRS. This ASU is effective for interim and annual periods beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In January 2010, the FASB issued ASU 2010-06, Improving Disclosures about Fair Value Measurements, which requires additional information in the roll-forward of Level 3 assets and liabilities, including the presentation of purchases, sales, issuances and settlements on a gross basis. This ASU impacts disclosures only. We adopted this ASU in the first quarter of 2011.

XML

Loans Loans with Credit Impairment (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 08, 2011	Dec. 31, 2010
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	$ 10,036	$ 10,300	$ 0
Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	522
Non-Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	9,515
Real Estate [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	5,486
Real Estate [Member] | Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	361
Real Estate [Member] | Non-Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	5,125
Commercial [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	1,417
Commercial [Member] | Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	10
Commercial [Member] | Non-Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	1,407
Installment [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	3,134
Installment [Member] | Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	151
Installment [Member] | Non-Classified [Member]
Financing Receivable, Recorded Investment [Line Items]
Loans to bank customers	$ 2,983

XML

Organization Initial Public Offering (Details) (USD $) In Millions, except Share data, unless otherwise specified			12 Months Ended			12 Months Ended
	Dec. 31, 2011 Class A common stock [Member]	Dec. 31, 2010 Class A common stock [Member]	Dec. 31, 2010 Class B common stock [Member]	Dec. 31, 2011 Class B common stock [Member]	Jul. 27, 2010 IPO [Member] Class A common stock [Member]	Dec. 31, 2010 IPO [Member] Class B common stock [Member]	Jul. 27, 2010 IPO [Member] Class B common stock [Member]	Jul. 27, 2010 IPO [Member] Series C-1 preferred stock [Member]
Class of Stock [Line Items]
Shares issued	30,162,000	14,762,000	27,091,000	5,280,000	5,241,758
Price per share sold					$ 36.00
Warrant exercised								283,786
Warrants, exercise price								$ 1.41
Options exercised, number						377,840
Options exercisable, weighted-average exercise price							$ 2.63
Aggregate proceeds from exercises			$ 4.0			$ 1.4
Preferred stock, shares issued upon conversion							24,941,421

XML

Investment Securities (Tables)

12 Months Ended

Dec. 31, 2011

Investment Securities [Abstract]

Assets Measured at Fair Value on a Recurring Basis

The following table is a summary of our assets measured at fair value on a recurring basis:

	Level 1		Level 2		Level 3		Fair value
	(In thousands)
December 31, 2011
Corporate bonds	$	—	$	16,333	$	—	$	16,333
Commercial paper	—		4,999		—		4,999
Certificate of deposit	—		3,500		—		3,500
Agency securities	—		3,987		—		3,987
Municipal bonds	—		$	2,391	—		2,391
Total	$	—	$	31,210	$	—	$	31,210

Investment Securities, Available-For-Sale

The following table summarizes the gross unrealized losses and fair value of fixed income securities by the length of time that individual securities have been in a continuous unrealized loss position:

	Less Than 12 Months					12 Months or More				Total Fair Value		Total Unrealized Loss
	Fair Value		Unrealized Loss			Fair Value		Unrealized Loss
	(In thousands)
December 31, 2011
Fixed income securities
Corporate bonds	$	2,999	$	(1	)	$	—	$	—	$	2,999	$	(1	)
Agency securities	1,663		(4		)	—		—		1,663		(4		)
Municipal bonds	324		(1		)	—		—		324		(1		)
Total fixed income securities	$	4,986	$	(6	)	$	—	$	—	$	4,986	$	(6	)

The following table presents the amortized cost, gross unrealized gains and losses and fair value for investments securities aggregated by major security type:

	Amortized cost		Gross unrealized gains		Gross unrealized losses			Fair Value
	(In thousands)
December 31, 2011
Corporate bonds	$	16,307	$	27	$	(1	)	$	16,333
Commercial paper	4,998		1		—			4,999
Negotiable certificate of deposit	3,500		—		—			3,500
Agency securities	3,979		12		(4		)	3,987
Municipal bonds	2,379		13		(1		)	2,391
Total fixed income securities	$	31,163	$	53	$	(6	)	$	31,210

The scheduled maturities of our fixed income securities are as follows:

	Amortized Cost		Fair Value
	(In thousands)
December 31, 2011
Due in one year or less	$	6,001	$	5,999
Due after one year through five years	21,178		21,205
Due after five years through ten years	3,042		3,056
Due after ten years	942		950
Total	$	31,163	$	31,210

XML

Accounts Receivable (Tables)

12 Months Ended

Dec. 31, 2011

Accounts Receivable [Abstract]

Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]

Accounts receivable, net consisted of the following:

	December 31, 2011			December 31, 2010
	(In thousands)
Overdrawn account balances due from cardholders	$	22,139		$	17,560
Reserve for uncollectible overdrawn accounts	(15,309		)	(11,823		)
Net overdrawn account balances due from cardholders	6,830			5,737
Trade receivables	5,574			968
Reserve for uncollectible trade receivables	(453		)	(3		)
Net trade receivables	5,121			965
Receivables due from card issuing banks	28,812			27,588
Other receivables	4,691			1,671
Accounts receivable, net	$	45,454		$	35,961

XML

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2011

Summary of Significant Accounting Policies [Abstract]

Summary of Significant Accounting Policies

Basis of Presentation

We have prepared the accompanying consolidated financial statements in conformity with U.S. generally accepted accounting principles, or GAAP. We have eliminated all significant intercompany balances and transactions in consolidation. Our consolidated financial statements include the results of entities that we control through a 50% or more ownership interest. Beginning December 8, 2011, our consolidated financial and operating results and cash flows reflect the operations of Green Dot Bank.

We consider an operating segment to be any component of our business whose operating results are regularly reviewed by our chief operating decision-maker to make decisions about resources to be allocated to the segment and assess its performance based on discrete financial information. Only those operating segments that meet certain quantitative and qualitative criteria are reportable segments. Our Chief Executive Officer, our chief operating decision-maker, reviews our operating results on an aggregate basis and manages our operations and the allocation of resources as a single operating segment — prepaid cards and related services.

Change in Fiscal Year

On September 29, 2009, our board of directors approved a change to our fiscal year-end from July 31 to December 31. Included in this report is the transition period for the five months ended December 31, 2009. Accordingly, these financial statements present our results of our operations, changes in redeemable convertible preferred stock and in stockholders’ equity and cash flows for the years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31, 2009.

Unaudited Comparative Financial Statements

As a result of our change in fiscal year-end, we have presented below, for comparative purposes, our unaudited consolidated statement of operations and condensed consolidated statement of cash flows for the five months ended December 31, 2008. In our opinion, the unaudited consolidated financial information reflects all adjustments, consisting of normal and recurring adjustments, necessary for the fair presentation of the results of our operations and our cash flows for the five months ended December 31, 2008.

	Five Months Ended December 31, 2008
	(In thousands)
Operating revenues:
Card revenues and other fees	$	46,460
Cash transfer revenues	24,391
Interchange revenues	18,212
Total operating revenues	89,063
Operating expenses:
Sales and marketing expenses	35,001
Compensation and benefits expenses	15,409
Processing expenses	11,765
Other general and administrative expenses	9,463
Total operating expenses	71,638
Operating income	17,425
Interest income	255
Interest expense	(1		)
Income before income taxes	17,679
Income tax expense	7,424
Net income	10,255
Dividends, accretion, and allocated earnings of preferred stock	(11,153		)
Net loss allocated to common stockholders	$	(898	)

	Five Months Ended December 31, 2008
	(In thousands, except per share data)
Loss per common share
Basic	$	(0.07	)
Diluted	$	(0.07	)
Weighted-average common shares issued and outstanding	12,028
Weighted-average diluted common shares issued and outstanding	12,028
Net cash provided by operating activities	$	5,999
Net cash used in operating activities	(2,452		)
Net cash used in financing activities	(26,140		)
Net decrease in unrestricted cash and cash equivalents	$	(22,593	)

Use of Estimates and Assumptions

The preparation of financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements, including the accompanying notes. We base our estimates and assumptions on historical factors, current circumstances, and the experience and judgment of management. We evaluate our estimates and assumptions on an ongoing basis. Actual results could differ from those estimates.

Unrestricted Cash and Cash Equivalents

We consider all unrestricted highly liquid investments with an original maturity of three months or less to be unrestricted cash and cash equivalents. Federal funds sold consist of unsecured overnight advances of excess balances in our bank reserve account and are included in unrestricted cash and cash equivalents on our statements of cash flows.

Restricted Cash

We maintain restricted deposits in bank accounts to collateralize our line of credit and our standby letter of credit. Our line of credit is used to fund timing differences between funds remitted by our retail distributors to the banks that issue our cards and funds utilized by our cardholders. Our standby letter of credit, in the amount of $2.5 million, acts as a guarantee for our full performance of our obligations under our new ten year office lease in Pasadena.

For additional information on our new office lease, refer to Note 17 – Commitments and Contingencies.

Settlement Assets and Obligations

Our retail distributors collect customer funds for purchases of new cards and cash transfer products and then remit these funds directly to bank accounts established for the benefit of these customers by the third-party card issuing banks. The remittance of these funds by our retail distributors takes an average of two business days.

Settlement assets represent the amounts due from our retail distributors for customer funds collected at the point of sale that have not yet been remitted to the card issuing banks.

Settlement obligations represent the amounts due from us to the card issuing banks for funds collected but not yet remitted by our retail distributors and not funded by our line of credit.

We have no control over or access to customer funds remitted by our retail distributors to the third-party issuing bank accounts. Customer funds held by third-party issuing banks, therefore, are not our assets, and we do not recognize them in our consolidated financial statements. As of December 31, 2011 and 2010, total funds held in the bank accounts for the benefit of our customers totaled $710.6 million and $251.8 million, respectively, of which $16.1 million and $9.4 million, respectively, related to funds for prepaid debit cards and cash transfer products that had not yet been activated by the customers.

Accounts Receivable, Net

Accounts receivable is comprised principally of receivables due from card issuing banks, overdrawn account balances due from cardholders, trade accounts receivable and other receivables. We record accounts receivable net of reserves for estimated uncollectible accounts. Receivables due from card issuing banks primarily represent revenue-related funds collected by the card issuing banks from our retail distributors, merchant banks and cardholders that have yet to be remitted to us. These receivables are generally collected within a short period of time based on the remittance terms in our agreements with the card issuing banks.

Overdrawn Account Balances Due from Cardholders and Reserve for Uncollectible Overdrawn Accounts

Cardholder account overdrafts may arise from maintenance fee assessments on our GPR cards or from purchase transactions that we honor on GPR or gift cards, in each case in excess of the funds in a cardholder’s account. We are exposed to losses from unrecovered cardholder account overdrafts. We establish a reserve for uncollectible overdrawn accounts. We classify overdrawn accounts into age groups based on the number of days that have elapsed since an account has had activity, such as a purchase, ATM transaction or maintenance fee assessment. We calculate a reserve factor for each age group based on the average recovery rate for the most recent six months. These factors are applied to these age groups to estimate our overall reserve. When more than 90 days have passed without activity in an account, we consider recovery to be remote and write off the full amount of the overdrawn account balance. We include our provision for uncollectible overdrawn accounts related to maintenance fees as an offset to card revenues and other fees in the accompanying consolidated statements of operations. We include our provision for uncollectible overdrawn accounts related to purchase transactions in other general and administrative expenses in the accompanying consolidated statements of operations.

Loans

In connection with our acquisition of Bonneville Bancorp, we acquired loans and recorded them at fair value on the acquisition date. We carry our loans at their outstanding principal balances, net of any unaccreted discounts. We generally accrete these discounts into interest income over the remaining contractual term of the loans using a level yield methodology. We recognize interest income as it is earned.

Purchased Credit-Impaired Loans

Some of our purchased loans have evidence of credit quality deterioration since origination. We consider purchased loans to be impaired if we do not expect to receive all contractually required cash flows due to concerns about credit quality. The excess of the cash flows expected to be collected measured as of the acquisition date, over the estimated fair value is referred to as the accretable yield and is recognized in interest income over the remaining life of the loan using a level yield methodology. The difference between contractually-required payments as of the acquisition date and the cash flows expected to be collected is referred to as the nonaccretable difference.

We determine the initial fair values of purchased credit-impaired loans, or PCI loans, using a discounted cash flow model based on assumptions about the amount and timing of principal and interest payments, estimates of principal losses and current market rates.

If there are subsequent decreases in expected principal cash flows, we record a charge to the provision for credit losses and a corresponding increase to the allowance for loan losses. If there are subsequent increases in expected principal cash flows, we record a recovery of any previously recorded allowance for loan losses, to the extent applicable, and a reclassification from nonaccretable difference to accretable yield for any remaining increase.

Since PCI loans are recorded at fair value at the acquisition date, we do not classify these loans as nonperforming as the loans were written down to fair value at the acquisition date and the accretable yield is recognized in interest income over the remaining life of the loan.

Nonperforming Loans

Nonperforming loans generally include loans, other than PCI loans, that have been placed on nonaccrual status. We generally place loans on nonaccrual status when they are past due 90 days or more. We reverse the related accrued interest receivable and apply interest collections on nonaccruing loans as principal reductions; otherwise, we credit such collections to interest income when received. These loans may be restored to accrual status when all principal and interest is current and full repayment of the remaining contractual principal and interest is expected.

We consider a loan to be impaired when it is probable that we will be unable to collect all amounts due according to the contractual terms of the loan agreement. Once we determine a loan to be impaired, we measure the impairment based on the present value of the expected future cash flows discounted at the loan's effective interest rate. We may also measure impairment based on observable market prices, or for loans that are solely dependent on the collateral for repayment, the estimated fair value of the collateral less estimated costs to sell. If the recorded investment in impaired loans exceeds this amount, we establish a specific allowance as a component of the allowance for loan losses or by adjusting an existing valuation allowance for the impaired loan.

We establish an allowance for loan losses to account for estimated credit impairment in the loan portfolio.  However, as our loan portfolio was acquired on December 8, 2011 at fair value, there was no perceived credit impairment as of December 31, 2011 and therefore no allowance has been established.

Property and Equipment

We carry our property and equipment at cost less accumulated depreciation and amortization. We generally compute depreciation on property and equipment using the straight-line method over the estimated useful lives of the assets, except for internal-use software in development and land, which are not depreciated. We generally compute amortization on tenant improvements using the straight-line method over the shorter of the related lease term or estimated useful lives of the improvements. We expense expenditures for maintenance and repairs as incurred.

The estimated useful lives of the respective classes of assets are as follows:

Land	N/A
Building	30 years
Computer equipment, furniture and office equipment	3-4 years
Computer software purchased	3 years
Capitalized internal-use software	2 years
Tenant improvements	Shorter of the useful life or the lease term

We capitalize certain internal and external costs incurred to develop internal-use software during the application development stage. We also capitalize the cost of specified upgrades and enhancements to internal-use software that result in additional functionality. Once a development project is substantially complete and the software is ready for its intended use, we begin depreciating these costs on a straight-line basis over the internal-use software’s estimated useful life.

Impairment of Long Lived Assets

We evaluate long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. If the sum of expected undiscounted future cash flows from an asset is less than the carrying amount of the asset, we recognize an impairment loss. We measure the loss as the amount by which the carrying amount exceeds its fair value calculated using the present value of estimated net future cash flows. Included in other general and administrative expenses in our consolidated statements of operations for the years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31, 2009 were $397,000, $409,000, $77,000 and $405,000, respectively, of recognized impairment losses on internal-use software.

Goodwill

We test goodwill annually for impairment or more frequently upon the occurrence of certain events or substantive changes in circumstances that indicate goodwill is more likely than not impaired. The testing of goodwill for impairment is required to be performed at the level referred to as the reporting unit. A reporting unit is either the “operating segment level” or one level below, which is referred to as a “component.”

Goodwill impairment is determined using a two-step process. The first step involves a comparison of the estimated fair value of a reporting unit to its carrying amount, including goodwill. In performing the first step, we determine the fair value of its reporting unit using a market-based approach based on the our market capitalization. If the estimated fair value of the reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary. If the carrying amount of a reporting unit exceeds its estimated fair value, then the second step of the goodwill impairment test must be performed. The second step of the goodwill impairment test compares the implied fair value of the reporting unit’s goodwill with its carrying amount to measure the amount of impairment loss, if any. The implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination. If the carrying amount of the reporting unit’s goodwill exceeds the implied fair value of that goodwill, an impairment loss is recognized in an amount equal to that excess.

Amounts Due to Card Issuing Banks for Overdrawn Accounts

Our card issuing banks fund overdrawn cardholder account balances on our behalf. Amounts funded are due from us to the card issuing banks based on terms specified in the agreements with the card issuing banks. Generally, we expect to settle these obligations within 12 months.

Amounts Due Under Line of Credit

After a consumer purchases a new card or cash transfer product at a retail location, we make the funds immediately available once the consumer goes online or calls a toll-free number to activate the new card or add funds from a cash transfer product. Since our retail distributors do not remit funds to our card issuing banks, on average, for two business days, we maintain a line of credit with certain card issuing banks that is available to fund any cash requirements related to the timing difference between funds remitted by our retail distributors to the card issuing banks and funds utilized by consumers. We repay any draws on this line of credit when our retail distributors remit the funds to the card issuing banks’ bank accounts.

Revenue Recognition

Our operating revenues consist of card revenues and other fees, cash transfer revenues and interchange revenues. We recognize revenue when the price is fixed or determinable, persuasive evidence of an arrangement exists, the product is sold or the service is performed, and collectibility of the resulting receivable is reasonably assured.

Card revenues and other fees consist of monthly maintenance fees, ATM fees, new card fees and other revenues. We charge maintenance fees on a monthly basis pursuant to the terms and conditions in the applicable cardholder agreements. We recognize monthly maintenance fees ratably over the month for which they are assessed. We charge ATM fees to cardholders when they withdraw money at certain ATMs in accordance with the terms and conditions in our cardholder agreements. We recognize ATM fees when the withdrawal is made by the cardholder, which is the same time our service is completed and the fees are assessed. We charge new card fees when a consumer purchases a new card in a retail store. We defer and recognize new card fee revenues on a straight-line basis over our average card lifetime, which is currently nine months for our GPR cards and six months for our gift cards. We determine the average card lifetime based on our recent historical data for comparable products. We measure card lifetime for our GPR cards as the period of time, inclusive of reload activity, between sale (or activation) of the card and the date of the last positive balance. We measure the card lifetime for our gift cards as the redemption period during which cardholders perform the substantial majority of their transactions. We reassess average card lifetime quarterly. We report the unearned portion of new card fees as a component of deferred revenue in our consolidated balance sheets. Other revenues consist primarily of fees associated with optional products or services, which we generally offer to consumers during the card activation process. Optional products and services include providing a second card for an account, expediting delivery of the personalized debit card that replaces the temporary card obtained at the retail store, and upgrading a cardholder account to one of our upgrade programs. We generally recognize revenue related to optional products and services when the underlying services are completed, but we treat revenues related to our upgrade programs in a manner similar to new card fees and monthly maintenance fees.

We generate cash transfer revenues when consumers purchase our cash transfer products (reload services) in a retail store. We recognize these revenues when the cash transfer transactions are completed, generally within two business days from the time of sale of these products.

We earn interchange revenues from fees remitted by the merchant’s bank, which are based on rates established by the payment networks, such as Visa and MasterCard, when cardholders make purchase transactions using our cards. We recognize interchange revenues as these transactions occur.

We report our different types of revenues on a gross or net basis based on our assessment of whether we act as a principal or an agent in the transaction. To the extent we act as a principal in the transaction, we report revenues on a gross basis. In concluding whether or not we act as a principal or an agent, we evaluate whether we have the substantial risks and rewards under the terms of the revenue-generating arrangements, whether we are the party responsible for fulfillment of the services purchased by the cardholders, and other factors. For all of our significant revenue-generating arrangements, including GPR and gift cards, we record revenues on a gross basis.

Generally, customers have limited rights to a refund of a new card fee or a cash transfer fee. We have elected to recognize revenues prior to the expiration of the refund period, but reduce revenues by the amount of expected refunds, which we estimate based on actual historical refunds.

On occasion, we enter into incentive agreements with our retail distributors and offer incentives to customers designed to increase product acceptance and sales volume. We record incentive payments, including the issuance of equity instruments, as a reduction of revenues and recognize them over the period the related revenues are recognized or as services are rendered, as applicable.

Sales and Marketing Expenses

Sales and marketing expenses primarily consist of sales commissions, advertising and marketing expenses, and the costs of manufacturing and distributing card packages, placards, and promotional materials to our retail distributors’ locations and personalized GPR cards to consumers who have activated their cards.

We pay our retail distributors and brokers commissions based on sales of our prepaid debit cards and cash transfer products in their stores. We defer and expense commissions related to new cards sales ratably over the average card lifetime, which is currently nine months for our GPR cards and six months for our gift cards. We expense commissions related to cash transfer products when the cash transfer transactions are completed. Sales commissions were $121.4 million and $82.4 million for the years ended December 31, 2011 and 2010, respectively, $19.0 million for the five months ended December 31, 2009, and $50.8 million for the year ended July 31, 2009.

We expense costs for the production of advertising as incurred. The cost of media advertising is expensed when the advertising first takes place. Advertising and marketing expenses were $14.7 million and $15.6 million for the years ended December 31, 2011 and 2010, respectively, $1.5 million for the five months ended December 31, 2009, and $7.0 million for the year ended July 31, 2009.

We record the costs associated with card packages and placards as prepaid expenses, and we record the costs associated with personalized GPR cards as deferred expenses. We recognize the prepaid cost of card packages and placards over the related sales period, and we amortize the deferred cost of personalized GPR cards, when activated, over the average card lifetime, currently nine months. Our manufacturing and distributing costs were $32.6 million and $24.9 million for the years ended December 31, 2011 and 2010, respectively, $10.8 million for the five months ended December 31, 2009, and $18.0 million for the year ended July 31, 2009. Included in our manufacturing and distributing costs were shipping and handling costs of $3.4 million and $2.7 million for the years ended December 31, 2011 and 2010, respectively, $1.2 million for the five months ended December 31, 2009, and $2.3 million for the year ended July 31, 2009. Also included in our manufacturing and distributing costs was a liability that we incurred for use tax to various states related to purchases of materials since no sales tax is charged to customers when new cards or cash transfer transactions are purchased.

Employee Stock-Based Compensation

We record employee stock-based compensation expense using the fair value method of accounting. For stock options and stock purchases under our employee stock purchase plan, or ESPP, we base compensation expense on fair values estimated at the grant date using the Black-Scholes option-pricing model. For stock awards, including restricted stock units, we base compensation expense on the fair value of our common stock at the grant date. We recognize compensation expense for awards with only service conditions that have graded vesting schedules on a straight-line basis over the vesting period of the award. Vesting is based upon continued service to our company.

For additional information, refer to Note 14 – Stock-Based Compensation.

Income Taxes

Our income tax expense is comprised of current and deferred income tax expense. Current income tax expense approximates taxes to be paid or refunded for the current period. Deferred income tax expense results from the changes in deferred tax assets and liabilities during the periods. These gross deferred tax assets and liabilities represent decreases or increases in taxes expected to be paid in the future because of future reversals of temporary differences between the bases of assets and liabilities as measured by tax laws and their bases as reported in our consolidated financial statements. We also recognize deferred tax assets for tax attributes such as net operating loss carryforwards and tax credit carryforwards. We record valuation allowances to reduce deferred tax assets to the amounts we conclude are more likely-than-not to be realized in the foreseeable future.

We recognize and measure income tax benefits based upon a two-step model: 1) a tax position must be more likely-than-not to be sustained based solely on its technical merits in order to be recognized, and 2) the benefit is measured as the largest dollar amount of that position that is more likely-than-not to be sustained upon settlement. The difference between the benefit recognized for a position and the tax benefit claimed on a tax return is referred to as an unrecognized tax benefit. We accrue income tax related interest and penalties, if applicable, within income tax expense.

For additional information, refer to Note 10 – Income Taxes.

Earnings Per Common Share

We have multiple classes of common stock and our preferred stockholders, during the periods their shares are outstanding, are entitled to participate with common stockholders in the distributions of earnings through dividends. Therefore, we apply the two-class method in calculating earnings per common share, or EPS. The two-class method requires net income, after deduction of any preferred stock dividends, deemed dividends on preferred stock redemptions, and accretions in the carrying value on preferred stock, to be allocated between each class or series of common and preferred stockholders based on their respective rights to receive dividends, whether or not declared. Basic EPS is then calculated by dividing net income allocated to each class of common stockholders by the respective weighted-average common shares issued and outstanding.

In addition, for diluted EPS, the conversion of Class B common stock can affect net income allocated to Class A common stockholders. Where the effect of this conversion is dilutive, we adjust net income allocated to Class A common stockholders by the associated allocated earnings of the convertible securities. We divide adjusted net income for each class of common stock by the respective weighted-average number of the common shares issued and outstanding for each period plus amounts representing the dilutive effect of outstanding stock options and restricted stock units and outstanding warrants, shares to be purchased under our employee stock purchase plan and the dilution resulting from the conversion of convertible securities, if applicable. We exclude the effects of convertible securities and outstanding warrants and stock options from the computation of diluted EPS in periods in which the effect would be anti-dilutive. We calculate dilutive potential common shares using the treasury stock method, if-converted method and the two-class method, as applicable.

For additional information, refer to Note 15 – Earnings Per Common Share.

Fair Value of Financial Instruments

The following describes the valuation technique for determining the fair value of financial instruments, whether or not carried as such on our consolidated balance sheets.

Short-term Financial Instruments

Our short-term financial instruments consist principally of unrestricted and restricted cash and cash equivalents, federal funds sold,and settlement assets and obligations. These financial instruments are short-term in nature, and, accordingly, we believe their carrying amounts approximate their fair values.

Investment Securities

The fair values of investment securities have been derived using methodologies described in Note 3 – Investment Securities.

Loans

We determined the fair values of loans by discounting both principal and interest cash flows expected to be collected using a discount rate commensurate with the risk that we believe a market participant would consider in determining fair value. The carrying value and fair value of our loans at December 31, 2011 were $10.0 million and $10.0 million, respectively.

Deposits

The fair value of demand and interest checking deposits and savings deposits is the amount payable on demand at the reporting date. We determined the fair value of time deposits by discounting expected future cash flows using market-derived rates based on our market yields on certificates of deposit, by maturity, at the measurement date. The carrying value and fair value of our deposits at December 31, 2011 were $39.0 million and $39.0 million, respectively.

Regulatory Matters and Capital Adequacy

We became a bank holding company on December 8, 2011. As a bank holding company, we are subject to comprehensive supervision and examination by the Federal Reserve Board and must comply with applicable regulations, including minimum capital and leverage requirements. If we fail to comply with any of these requirements, we may become subject to formal or informal enforcement actions, proceedings, or investigations, which could result in regulatory orders, restrictions on our business operations or requirements to take corrective actions, which may, individually or in the aggregate, affect our results of operations and restrict our ability to grow. If we fail to comply with the applicable capital and leverage requirements, or if our subsidiary bank fails to comply with its applicable capital and leverage requirements, the Federal Reserve Board may limit our or Green Dot Bank's ability to pay dividends. In addition, as a bank holding company and a financial holding company, we are generally prohibited from engaging, directly or indirectly, in any activities other than those permissible for bank holding companies and financial holding companies. This restriction might limit our ability to pursue future business opportunities which we might otherwise consider but which might fall outside the scope of permissible activities. We may also be required to serve as a “source of strength” to Green Dot Bank if it becomes less than adequately capitalized.

Recent Accounting Pronouncements

In December 2011, the Financial Accounting Standards Board, or FASB, issued Accounting Standards Update, or ASU, 2011-12, Deferral of the Effective Date for Amendments to the Presentation of Reclassification of Items Out of Accumulated Other Comprehensive Income. In June 2011, the FASB issued ASU 2011-05, Comprehensive Income: Presentation of Comprehensive Income, which requires an entity to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. It eliminates the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity. ASU 2011-05 does not change the items which must be reported in other comprehensive income, how such items are measured or when they must be reclassified to net income. ASU 2011-12 only defers those changes in ASU 2011-05 that relate to the presentation of reclassification adjustments. Both ASUs are effective for interim and annual periods beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In September 2011, the FASB issued ASU No. 2011-08, Testing Goodwill for Impairment, which provides entities testing goodwill for impairment to now have an option of performing a qualitative assessment before having to calculate the fair value of a reporting unit. If an entity determines, on the basis of qualitative factors, that the fair value of the reporting unit is more-likely-than-not less than the carrying amount, the existing quantitative impairment test is required. Otherwise, no further impairment testing is required. This ASU is effective for fiscal years beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In May 2011, the FASB issued ASU 2011-04, Fair Value Measurement: Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs, which converges common fair value measurement and disclosure requirements in accordance with GAAP and International Financial Reporting Standards, or IFRS. This ASU is effective for interim and annual periods beginning after December 15, 2011. Our adoption of this ASU is not expected to have a material impact on our consolidated financial statements.

In January 2010, the FASB issued ASU 2010-06, Improving Disclosures about Fair Value Measurements, which requires additional information in the roll-forward of Level 3 assets and liabilities, including the presentation of purchases, sales, issuances and settlements on a gross basis. This ASU impacts disclosures only. We adopted this ASU in the first quarter of 2011.

XML

Loans (Tables)

12 Months Ended

Dec. 31, 2011

Loans [Abstract]

Past Due Financing Receivables [Table Text Block]

The following table presents total outstanding loans and a summary of the related payment status:

	30-59 Days Past Due			60-89 Days Past Due			90 Days or More Past Due			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due			Purchased Credit-Impaired Loans			Total Outstanding
	(in thousands)
December 31, 2011
Real estate	$	—		$	—		$	—		$	—		$	4,983		$	503		$	5,486
Commercial	2			—			—			2			1,371			44			1,417
Installment	—			—			—			—			2,882			252			3,134
Total loans	$	2		$	—		$	—		$	2		$	9,236		$	799		$	10,037
Percentage of outstanding	0.02		%	—		%	—		%	0.02		%	92.02		%	7.96		%	100.00		%

Financing Receivable Credit Quality Indicators [Table Text Block]

The tables below present our primary credit quality indicators related to our loan portfolio:

	Non-Classified		Classified
	(in thousands)
December 31, 2011
Real estate	$	5,125	$	361
Commercial	1,407		10
Installment	2,983		151
Total loans	$	9,515	$	522

PCI Loans [Table Text Block]

The table below presents the remaining unpaid principal balance and carrying amount for PCI loans:

	December 31, 2011
	(in thousands)
Unpaid principal balance	$	1,506
Carrying value	799
Contractually required principal balance	1,506
Less: Nonaccretable difference	(608		)
Cash flows expected to be collected at acquisition	898
Less: Accretable yield	(99		)
Fair value of loans acquired	$	799

Accretable Yield [Table Text Block]

The table below shows activity for the accretable yield on PCI loans:

	Year Ended December 31, 2011
	(in thousands)
Accretable yield at beginning of period	$	—
Additions	99
Accretion	—
Accretable yield at end of period	$	99

XML

Stock-Based Compensation Grant Summary (Details) (USD $)	5 Months Ended	12 Months Ended
	Dec. 31, 2009 Y	Dec. 31, 2011 Y	Dec. 31, 2010 Y	Jul. 31, 2009 Y
Stock options [Member]
Grants [Abstract]
Number granted	1,389,250	889,254	349,000	749,300
Weighted-average exercise price	$ 19.75	$ 38.70	$ 32.38	$ 11.32
Weighted-average grant-date fair value	$ 9.47	$ 18.62	$ 15.66	$ 6.98
Fair value assumptions [Abstract]
Risk-free interest rate	2.56%	1.92%	2.18%	2.26%
Expected term (life) of options (in years)	6	6	6	6
Expected dividends	0.00%	0.00%	0.00%	0.00%
Expected volatility	46.90%	48.35%	49.41%	53.20%
RSUs [Member]
Grants [Abstract]
Number granted	0	110,503	0	0
Weighted-average grant-date fair value	$ 0	$ 33.46	$ 0	$ 0

XML

Commitments and Contingencies (Tables)

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Schedule of Minimum Lease Commitments

At December 31, 2011, the minimum aggregate rental commitment under all operating leases was:

Year Ending December 31,	(in thousands)
2012	$	3,169
2013	3,943
2014	3,537
2015	3,963
Thereafter	29,367
	$	43,979

Schedule of Minimum Purchase Commitments

At December 31, 2011, the minimum aggregate commitment under these agreements was:

Year Ending December 31,	(in thousands)
2012	$	7,706
2013	3,602
2014	328
2015	—
Thereafter	—
	$	11,636

XML

Accounts Receivable Accounts receivable (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Jul. 31, 2009	Jul. 31, 2008
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Net	$ 45,454	$ 35,961
Account balances due from cardholders [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross	22,139	17,560
Allowance for Doubtful Accounts Receivable	(15,309)	(11,823)	(7,460)	(6,448)	(5,277)
Accounts Receivable, Net	6,830	5,737
Trade receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross	5,574	968
Allowance for Doubtful Accounts Receivable	(453)	(3)
Accounts Receivable, Net	5,121	965
Other receivables [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross	4,691	1,671
Receivables due from card issuing banks [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Accounts Receivable, Gross	$ 28,812	$ 27,588

XML

Income Taxes Other (Details) (USD $)			12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011 Minimum [Member]	Dec. 31, 2011 Maximum [Member]
Other Tax Items [Abstract]
Operating loss carryforwards	$ 316,000	$ 0
Period our tax returns remain subject to examination (in years)			4	5

XML

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Current assets:
Unrestricted cash and cash equivalents	$ 223,033	$ 167,503
Federal funds sold	2,400	0
Investment securities available-for-sale, at fair-value	20,647	0
Settlement assets	27,355	19,968
Accounts receivable, net	41,307	33,412
Prepaid expenses and other assets	12,248	8,608
Income tax receivable	3,371	15,004
Net deferred tax assets	6,664	5,398
Total current assets	337,025	249,893
Restricted cash	12,926	5,135
Investment securities available-for-sale, at fair value	10,563	0
Accounts receivable, net	4,147	2,549
Loans to bank customers	10,036	0
Prepaid expenses and other assets	460	643
Property and equipment, net	27,281	18,034
Deferred expenses	12,604	9,504
Goodwill	10,817	0
Total assets	425,859	285,758
Current liabilities:
Accounts payable	15,441	17,625
Deposits	38,957	0
Settlement obligations	27,355	19,968
Amounts due to card issuing banks for overdrawn accounts	42,153	35,068
Other accrued liabilities	16,248	21,633
Deferred revenue	21,500	17,214
Total current liabilities	161,654	111,508
Other accrued liabilities	6,239	3,737
Deferred revenue	19	44
Net deferred tax liabilities	4,751	5,338
Total liabilities	172,663	120,627
Stockholders’ equity:
Additional paid-in capital	131,383	95,433
Retained earnings	121,741	69,658
Accumulated other comprehensive income	30	0
Total stockholders’ equity	253,196	165,131
Total liabilities and stockholders’ equity	425,859	285,758
Preferred Stock [Member]
Stockholders’ equity:
Preferred stock	7	0
Class A common stock [Member]
Stockholders’ equity:
Common stock	30	13
Class B common stock [Member]
Stockholders’ equity:
Common stock	$ 5	$ 27

XML

Organization Bonneville Bank (Details) (USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Feb. 04, 2010
Business Acquisition [Line Items]
Outstanding common shares and voting interest acquired		100.00%
Cash paid		$ 15.7
Cash contributed for initial capital base for expanded operations	$ 14.3

XML

Significant Customer Concentrations (Details) (Customer Concentration Risk [Member])	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Jul. 31, 2009
Total Operating Revenues [Member] | Walmart [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	61.00%	63.00%	63.00%	56.00%
Total Operating Revenues [Member] | Three Other Largest Retailer Distributors, as a Group [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	20.00%	20.00%	23.00%	27.00%
Total Operating Revenues, Excluding Stock-Based Retailer Incentive Compensation [Member] | Walmart [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	62.00%	64.00%	63.00%	56.00%
Total Operating Revenues, Excluding Stock-Based Retailer Incentive Compensation [Member] | Three Other Largest Retailer Distributors, as a Group [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	19.00%	18.00%	23.00%	27.00%
GPR Cards Activated (in units) [Member] | Four Largest Retailers Distributors [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	80.00%	84.00%	94.00%	95.00%
Sales of Cash Transfer Products (in units) [Member] | Four Largest Retailers Distributors [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	90.00%	93.00%	93.00%	92.00%
Settlement Assets [Member] | Walmart [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	33.00%	26.00%
Settlement Assets [Member] | Three Other Largest Retailer Distributors, as a Group [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	39.00%	31.00%

XML

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Net income	$ 13,663	$ 52,083	$ 42,232	$ 37,163
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,254	12,330	7,588	4,593
Provision for uncollectible overdrawn accounts	11,218	60,562	46,093	22,548
Employee stock-based compensation	6,782	9,524	7,256	2,468
Stock-based retailer incentive compensation	0	17,337	13,369	0
Amortization of discount on available-for-sale investment securities	0	251	0	0
Provision for uncollectible trade receivables	60	455	(13)	61
Impairment of capitalized software	77	397	409	405
Deferred income taxes	3,530	251	(704)	(1,731)
Excess tax benefits from exercise of options	(1,866)	(2,951)	(24,842)	0
Changes in operating assets and liabilities:
Settlement assets	(6,999)	(7,387)	22,601	(18,125)
Accounts receivable, net	(20,241)	(70,510)	(51,754)	(29,853)
Prepaid expenses and other assets	(919)	(2,838)	(1,042)	(903)
Deferred expenses	(5,548)	(3,100)	(1,304)	2,297
Accounts payable and accrued liabilities	8,135	(4,489)	16,042	3,170
Settlement obligations	6,999	7,387	(22,601)	18,125
Amounts due issuing bank for overdrawn accounts	5,153	7,085	11,646	(5,309)
Deferred revenue	7,603	4,261	2,113	(978)
Income tax payable/receivable	(3,780)	13,403	16,414	1,366
Net cash provided by operating activities	26,121	94,051	83,503	35,297
Investing activities
Purchases of available-for-sale securities	0	(45,056)	0	0
Proceeds from maturities of available-for-sale investment securities	0	20,152	0	0
(Increase) decrease in restricted cash	(14)	(7,791)	10,246	(13,039)
Payments for acquisition of property and equipment	(5,049)	(23,076)	(13,459)	(6,361)
Net increase in loans made to bank customers	0	245	0	0
Acquisition of Bonneville Bancorp, net of cash acquired	0	5,085	0	0
Net cash (used in) provided by investing activities	(5,063)	(50,441)	(3,213)	(19,400)
Financing activities
Borrowings from line of credit	0	0	0	12,404
Repayments on line of credit	0	0	0	(12,404)
Proceeds from exercise of options and issuance of ESPP shares	946	6,138	6,068	110
Excess tax benefits from exercise of options	1,866	2,951	24,842	0
Net increase in deposits	0	5,231	0	0
Exercise of call option on warrant	0	0	0	(1,958)
Issuance of preferred shares and freestanding warrant	0	0	0	13,000
Redemption fo preferred and common shares	0	0	0	(39,770)
Proceeds from the repayment of related party notes receivable	5,869	0	0	0
Net cash provided by financing activities	8,681	14,320	30,910	(28,618)
Net decrease in unrestricted cash and cash equivalents	29,739	57,930	111,200	(12,721)
Unrestricted cash and cash equivalents, beginning of year	26,564	167,503	56,303	39,285
Unrestricted cahs and cash equivalents, end of period	56,303	225,433	167,503	26,564
Cash paid for interest	0	108	42	1
Cash paid for income taxes	$ 10,032	$ 18,291	$ 14,282	$ 27,403

XML

Commitments and Contingencies Schedule of Minimum Purchase Commitments (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	$ 11,636
2012 [Member]
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	7,706
2013 [Member]
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	3,602
2014 [Member]
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	328
2015 [Member]
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	0
Thereafter [Member]
Minimum Purchase Commitments [Line Items]
Long-term Purchase Commitment, Amount	$ 0

XML

Loans Other (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 08, 2011	Dec. 31, 2010
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying value	$ 799	$ 13,700
Loans to bank customers	$ 10,036	$ 10,300	$ 0

XML

Selected Quarterly Financial Information (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Total operating revenues	$ 119,674	$ 115,387	$ 115,030	$ 117,307	$ 91,847	$ 88,904	$ 90,318	$ 92,819	$ 112,757	$ 89,063	$ 467,398	$ 363,888	$ 234,816
Total operating expenses	97,388	94,079	95,680	96,802	79,190	73,481	73,164	68,734	89,443	71,638	383,949	294,569	171,146
Operating income	22,286	21,308	19,350	20,505	12,657	15,423	17,154	24,085	23,314	17,425	83,449	69,319	63,670
Interest income, net	192	134	136	102	92	88	84	49
Income before income taxes	22,478	21,442	19,486	20,607	12,749	15,511	17,238	24,134	23,427	17,679	84,013	69,632	64,065
Income tax expense	8,470	8,139	7,416	7,906	4,811	6,540	4,730	11,319	9,764	7,424	31,930	27,400	26,902
Net income	$ 14,008	$ 13,303	$ 12,070	$ 12,701	$ 7,938	$ 8,971	$ 12,508	$ 12,815	$ 13,663	$ 10,255	$ 52,083	$ 42,232	$ 37,163
Class A common stock [Member]
Basic earnings per common share	$ 0.33	$ 0.32	$ 0.29	$ 0.30	$ 0.19	$ 0.22	$ 0.32	$ 0.00	$ 0.00		$ 1.24	$ 1.06	$ 0.00
Diluted earnings per common share	$ 0.33	$ 0.30	$ 0.27	$ 0.29	$ 0.18	$ 0.20	$ 0.29	$ 0.00	$ 0.00		$ 1.19	$ 0.98	$ 0.00
Class B common stock [Member]
Basic earnings per common share	$ 0.33	$ 0.32	$ 0.29	$ 0.30	$ 0.19	$ 0.22	$ 0.32	$ 0.34	$ 0.37	$ (0.07)	$ 1.24	$ 1.06	$ 0.68
Diluted earnings per common share	$ 0.33	$ 0.30	$ 0.27	$ 0.29	$ 0.18	$ 0.20	$ 0.29	$ 0.27	$ 0.29	$ (0.07)	$ 1.19	$ 0.98	$ 0.52

XML

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Schedule of Components

The components of income tax expense were as follows:

	Year Ended December 31,					Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
	(In thousands)
Current:
Federal	$	29,583	$	26,638		$	4,389	$	22,645
State	2,096		1,466			1,845		5,988
Current income tax expense	31,679		28,104			6,234		28,633
Deferred:
Federal	251		(579		)	3,114		(1,662		)
State	—		(125		)	416		(69		)
Deferred income tax expense (benefit)	251		(704		)	3,530		(1,731		)
Income tax expense	$	31,930	$	27,400		$	9,764	$	26,902

Effective Tax Rate Reconcilion

A reconciliation between the expected federal income tax expense using the federal statutory tax rate of 35% and our actual income tax expense was as follows:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.6		3.8		6.7		6.1
Non-deductible offering costs	—		2.4		—		—
Change in tax state apportionment method	—		(4.6	)	—		—
Other	1.4		2.7		—		0.9
Effective tax rate	38.0	%	39.3	%	41.7	%	42.0	%

Deferred Tax Assets and Liabilities

Total net deferred tax assets and liabilities are included in our consolidated balance sheets as follows:

	December 31, 2011			December 31, 2010
	(In thousands)
Current net deferred tax assets	$	6,664		$	5,398
Noncurrent net deferred tax liabilities	(4,751		)	(5,338		)
Net deferred tax assets	$	1,913		$	60

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and liabilities were as follows:

	December 31, 2011			December 31, 2010
	(In thousands)
Deferred tax assets:
Reserve for overdrawn accounts	$	5,726		$	4,811
State income taxes	486			(8		)
Stock-based compensation	4,143			2,632
Fair value adjustment on acquired loans	1,308			—
Other	1,090			595
Total deferred tax assets	12,753			8,030
Deferred tax liabilities:
Internal-use software costs	(3,669		)	(3,254		)
Deferred expenses	(3,987		)	(3,378		)
Core deposit intangible	(162		)	—
Property and equipment, net	(3,022		)	(1,338		)
Total deferred tax liabilities	(10,840		)	(7,970		)
Net deferred tax assets	$	1,913		$	60

XML

Deposits Summary of Contractual Maturities for Total Time Deposits (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Contractual Maturities for Total Time Deposits [Line Items]
Due in 2012	$ 7,554
Due in 2013	1,700
Due in 2014	459
Due in 2015	319
Due in 2016	1,049
Thereafter	0
Total time deposits	$ 11,081

XML

401(k) Plan

12 Months Ended

Dec. 31, 2011

401(k) Plan [Abstract]

401(k) Plan

On January 1, 2004, we established a defined contribution savings plan under Section 401(k) of the Internal Revenue Code. Employees who have attained at least 21 years of age are generally eligible to participate in the plan on the first day of the calendar month following the month in which they commence service with us. Participants may make pre-tax contributions to the plan from their eligible earnings up to the statutorily prescribed annual limit on pre-tax contributions under the code. We may contribute to the plan at the discretion of our board of directors. Effective January 1, 2010, our board elected to include a discretionary employer matching contribution equal to 50% of the first 6% of the participant’s eligible compensation as defined by the Plan. Our contributions are allocated in the same manner as that of the participant’s elective contributions. We made contributions to the plan of $944,000 and $686,000 for the years ended December 31, 2011 and 2010, $0 for the five months ended December 31, 2009 and $58,000 for the year ended July 31, 2009.

XML

Borrowing Agreements (Tables)

12 Months Ended

Dec. 31, 2011

Borrowing Agreements [Abstract]

Schedule of Line of Credit Facilities [Table Text Block]

For the periods presented below, our line of credit had the following terms:

	Line of Credit		Interest Rate	Cash Collateral Requirements
	(in millions, except interest rates)
March 2009 - March 2010	$	15.0	LIBOR + 1.50%	$	15.0
March 2010 - March 2011	$	10.0	LIBOR + 3.50%	$	5.0
March 2011 - March 2012	$	10.0	LIBOR + 2.00%	$	10.0

XML

Regulatory Requirements Capital Amounts and Ratios (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Capital Amounts and Ratios [Line Items]
Tier 1 capital, actual	$ 228,971
Tier 1 capital, well capitalized minimum	16,578
Tier 1 capital, amount we exceed well capitalized minimum	212,393
Totak risk-based capital, actual	228,971
Total risk-based capital, well capitalized minimum	28,374
Total risk-based capital, amount we exceed well capitalized minimum	200,597
Average total assets for leverage capital purposes	331,554
Total risk weighted assets	$ 283,737
Tier 1 leverage ratio, actual	69.10%
Tier 1 leverage ratio, well capitalized minimum	5.00%
Tier 1 leverage ratio, amount we exceed well capitalized minimum	64.10%
Tier 1 risk-based capital ratio, actual	80.70%
Tier 1 risk-based capital ratio, well capitalized minimum	6.00%
Tier 1 risk-based capital ratio, amount we exceed well capitalized minimum	74.70%
Total risk-based capital ratio, actual	80.70%
Total risk-based capital ratio, well capitalized minimum	10.00%
Total risk-based capital ratio, amount we exceed well capitalized minimum	70.70%

XML

Significant Customer Concentrations

12 Months Ended

Dec. 31, 2011

Significant Customer Concentrations [Abstract]

Significant Customer Concentrations

A credit concentration may exist if customers are involved in similar industries, economic sectors, and geographic regions. Our retail distributors operate in similar economic sectors but diverse domestic geographic regions. The loss of a significant retail distributor could have a material adverse effect upon our card sales, profitability, and revenue growth.

Revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Walmart	61	%	63	%	63	%	56	%
Three other largest retail distributors, as a group	20	%	20	%	23	%	27	%

Excluding stock-based retailer incentive compensation of $17.3 million and $13.4 million for the years ended December 31, 2011 and 2010, respectively, revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Walmart	62	%	64	%	63	%	56	%
Three other largest retail distributors, as a group	19	%	18	%	23	%	27	%

The concentration of GPR cards activated (in units) and the concentration of sales of cash transfer products (in units) derived from our products sold at our four largest retail distributors was as follows:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Concentration of GPR cards activated (in units)	80	%	84	%	94	%	95	%
Concentration of sales of cash transfer products (in units)	90	%	93	%	93	%	92	%

Settlement assets derived from our products sold at our four largest retail distributors comprised the following percentages of the settlement assets recorded on our consolidated balance sheet:

	December 31, 2011		December 31, 2010
Walmart	33	%	26	%
Three other largest retail distributors, as a group	39	%	31	%

During the years ended December 31, 2011 and 2010, the five months ended December 31, 2009, and the year ended July 31, 2009, the substantial majority of the customer funds underlying our products were held in bank accounts at two card issuing banks. These funds are held in trust for the benefit of the customers, and we have no legal rights to the customer funds or deposits at the card issuing banks. Additionally, we have receivables due from these card issuing banks included in accounts receivable, net, on our consolidated balance sheets. The failure of either of these card issuing banks could result in significant business disruption, a potential material adverse affect on our ability to service our customers, potential contingent obligations by us to customers and material write-offs of uncollectible receivables due from these card issuing banks.

XML

Income Taxes Schedule of Components (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Current [Abstract]
Federal									$ 4,389		$ 29,583	$ 26,638	$ 22,645
State									1,845		2,096	1,466	5,988
Current income tax expense									6,234		31,679	28,104	28,633
Deferred
Federal									3,114		251	(579)	(1,662)
State									416		0	(125)	(69)
Deferred income tax expense (benefit)									3,530		251	(704)	(1,731)
Income tax expense	$ 8,470	$ 8,139	$ 7,416	$ 7,906	$ 4,811	$ 6,540	$ 4,730	$ 11,319	$ 9,764	$ 7,424	$ 31,930	$ 27,400	$ 26,902

XML

Organization

12 Months Ended

Dec. 31, 2011

Organization [Abstract]

Organization

Green Dot Corporation (“we,” “us” and “our” refer to Green Dot Corporation and its wholly-owned subsidiaries, Next Estate Communications, Inc., Green Dot Bancorp (formerly Bonneville Bancorp) and Green Dot Bank (formerly Bonneville Bank) is a leading provider of general purpose reloadable, or GPR, prepaid debit cards and cash loading and transfer services in the United States. Our products include Green Dot MasterCard and Visa-branded prepaid debit cards and several co-branded reloadable prepaid card programs, collectively referred to as our GPR cards; Visa-branded gift cards; and our MoneyPak and swipe reload proprietary products, collectively referred to as our cash transfer products, which enable cash loading and transfer services through our Green Dot Network. The Green Dot Network enables consumers to use cash to reload our prepaid debit cards or to transfer cash to any of our Green Dot Network acceptance members, including competing prepaid card programs and other online accounts.

We market our cards and financial services to banked, underbanked and unbanked consumers in the United States using distribution channels other than traditional bank branches, such as third-party retailer locations nationwide and the Internet. Our prepaid debit cards are issued by Green Dot Bank and third-party issuing banks including GE Capital Retail Bank (formerly GE Money Bank) and Columbus Bank and Trust Company, a division of Synovus Bank. We also have multi-year distribution arrangements with many large and medium-sized retailers, such as Walmart, Walgreens, CVS, Rite Aid, 7-Eleven, Kroger, Kmart, Meijer and Radio Shack, and with various industry resellers, such as Blackhawk Network, Inc. and Incomm. We refer to participating retailers collectively as our “retail distributors.”

Initial Public Offering

On July 27, 2010, we completed an initial public offering of 5,241,758 shares of our Class A common stock at an initial public offering price of $36.00 per share, all of which were sold by existing stockholders. We did not receive any proceeds from the sale of shares of our Class A common stock in the offering. Concurrent with the completion of the initial public offering, certain selling stockholders exercised a warrant to purchase 283,786 shares of Series C-1 preferred stock at an exercise price of $1.41 per share and vested options to purchase 377,840 shares of Class B common stock with a weighted-average exercise price of $2.63 in order to sell the underlying shares of Class A common stock in the offering. We received aggregate proceeds of $1.4 million from these exercises. Additionally, all of our outstanding shares of convertible preferred stock were automatically converted to 24,941,421 shares of our Class B common stock, and all shares of our Class B common stock sold in the offering were automatically converted into a like number of Class A common stock.

Bonneville Bank

On February 4, 2010, we entered into a definitive agreement to acquire 100% of the outstanding common shares and voting interest of Bonneville Bancorp for approximately $15.7 million in cash, subject to approval by various regulatory authorities. Bonneville Bancorp, a Utah bank holding company, offered a range of business and consumer banking products in the Provo, Utah area through its bank subsidiary, Bonneville Bank, or the Bank. The Bank also originates commercial, industrial, residential, real estate and personal loans. We expect to focus the Bank on issuing our Green Dot-branded debit cards linked to an FDIC-insured transactional account.

On November 23, 2011, the Board of Governors of the Federal Reserve System and Utah Department of Financial Institutions approved our applications to acquire Bonneville Bancorp and thereby we became a bank holding company under the Bank Holding Company Act of 1956. On December 8, 2011, we completed our acquisition of Bonneville Bancorp. The Bank's official name changed to Green Dot Bank, but the Bank will continue to do business and serve its customer base under the name Bonneville Bank at its current Provo, Utah location. We contributed $14.3 million in cash to the Bank in December 2011 to provide an initial capital base for its expanded operations.

XML

Consolidated Balance Sheets Parenthetical (USD $)	Dec. 31, 2011	Dec. 31, 2010
Preferred Stock [Member]
Convertible Series A preferred stock, par value	$ 0.001	$ 0.001
Shares authorized	10,000	0
Shares issued	7,000	0
Shares outstanding	7,000	0
Class A common stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	30,162,000	14,762,000
Common stock, shares outstanding	30,162,000	14,762,000
Class B common stock [Member]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	5,280,000	27,091,000
Common stock, shares outstanding	5,280,000	27,091,000

XML

Borrowing Agreements

12 Months Ended

Dec. 31, 2011

Borrowing Agreements [Abstract]

Borrowing Agreements

We have a line of credit used to fund timing differences between funds remitted by our retail distributors to the banks that issue our cards and funds utilized by our cardholders. For the periods presented below, our line of credit had the following terms:

	Line of Credit		Interest Rate	Cash Collateral Requirements
	(in millions, except interest rates)
March 2009 - March 2010	$	15.0	LIBOR + 1.50%	$	15.0
March 2010 - March 2011	$	10.0	LIBOR + 3.50%	$	5.0
March 2011 - March 2012	$	10.0	LIBOR + 2.00%	$	10.0

We present our cash collateral requirements on our consolidated balance sheets as restricted cash. There were no outstanding borrowings at December 31, 2011 or 2010.

XML

Commitments and Contingencies Schedule of Minimum Lease Commitments (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011
Minimum Lease Payments [Line Items]
2012	$ 3,169
2013	3,943
2014	3,537
2015	3,963
Thereafter	29,367
Total	$ 43,979

XML

Earnings per Common Share Other (Details)	Dec. 31, 2011
Other [Line Items]
Unvested warrant	4,283,456

XML

Document and Entity Information (USD $) In Millions, except Share data, unless otherwise specified	12 Months Ended
	Dec. 31, 2011	Jun. 30, 2011	Jan. 31, 2012 Class A common stock [Member]	Jan. 31, 2012 Class B common stock [Member]
Entity Information [Line Items]
Entity Registrant Name	GREEN DOT CORP
Trading Symbol	GDOT
Entity Central Index Key	0001386278
Document Type	10-K
Document Period End Date	Dec. 31, 2011
Amendment Flag	false
Document Fiscal Year Focus	2011
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Large Accelerated Filer
Entity Public Float		$ 911.2
Entity Common Stock, Shares Outstanding			30,189,888	5,264,889

XML

Concentrations of Credit Risk

12 Months Ended

Dec. 31, 2011

Concentrations of Credit Risk [Abstract]

Concentrations of Credit Risk [Text Block]

Financial instruments that subject us to concentration of credit risk consist primarily of unrestricted cash and cash equivalents, restricted cash, investment securities, accounts receivable, loans and settlement assets. We deposit our unrestricted cash and cash equivalents and our restricted cash with regional and national banking institutions, including certain of our card issuing banks, that we periodically monitor and evaluate for creditworthiness. Credit risk for our investment securities is mitigated by the types of investment securities in our portfolio, which must comply with strict investment guidelines that we believe appropriately ensures the preservation of invested capital. Credit risk for our accounts receivable is concentrated with card issuing banks and our customers, and this risk is mitigated by the relatively short collection period and our large customer base. We do not require or maintain collateral for accounts receivable. We maintain reserves for uncollectible overdrawn accounts and uncollectible trade receivables. Approximately 92% of our borrowers reside in the state of Utah and approximately 50% in the city of Provo. Consequently, we are susceptible to any adverse market or environmental conditions that may impact this specific geographic region. Credit risk for our settlement assets is concentrated with our retail distributors, which we periodically monitor.

XML

Stockholders' Equity Comprehensive Income (Details) (USD $)	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Comprehensive Income [Abstract]
Net income	$ 14,008,000	$ 13,303,000	$ 12,070,000	$ 12,701,000	$ 7,938,000	$ 8,971,000	$ 12,508,000	$ 12,815,000	$ 13,663,000	$ 10,255,000	$ 52,083,000	$ 42,232,000	$ 37,163,000
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax									0		30,000	0	0
Total comprehensive income									13,663,000		52,113,000	42,232,000	37,163,000
Tax Impact of Other Comprehensive Income Items [Abstract]
Unrealized gains on investment securities available-for-sale, tax impact											$ 18,000

XML

Earnings per Common Share Antidilutive Shares (Details) In Thousands, unless otherwise specified	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Class A common stock [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	0	709	22	0
Class A common stock [Member] | Stock options [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	0	258	22	0
Class A common stock [Member] | RSUs [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	0	0	0	0
Class A common stock [Member] | Convertible preferred stock [Member]
Antidilutive Shares [Line Items]
Antidilutive shares		451	0
Class B common stock [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	25,165	5	13,814	25,771
Class B common stock [Member] | Stock options [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	223	5	11	97
Class B common stock [Member] | Convertible preferred stock [Member]
Antidilutive Shares [Line Items]
Antidilutive shares	24,942	0	13,803	25,674

XML

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Operating Revenues [Abstract]
Card revenues and other fees									$ 50,895	$ 46,460	$ 209,489	$ 167,375	$ 119,356
Cash transfer revenues									30,509	24,391	134,143	101,502	62,396
Interchange revenues									31,353	18,212	141,103	108,380	53,064
Stock-based retailer incentive compensation	(17,337)								0		(17,337)	(13,369)	0
Total operating revenues	119,674	115,387	115,030	117,307	91,847	88,904	90,318	92,819	112,757	89,063	467,398	363,888	234,816
Operating Expenses [Abstract]
Sales and marketing expenses									31,333	35,001	168,747	122,890	75,786
Compensation and benefits expenses									26,610	15,409	87,671	70,102	40,096
Processing expenses									17,480	11,765	70,953	56,978	32,320
Other general and administrative expenses									14,020	9,463	56,578	44,599	22,944
Total operating expenses	97,388	94,079	95,680	96,802	79,190	73,481	73,164	68,734	89,443	71,638	383,949	294,569	171,146
Operating income	22,286	21,308	19,350	20,505	12,657	15,423	17,154	24,085	23,314	17,425	83,449	69,319	63,670
Interest income									115	255	910	365	396
Interest expense									(2)	(1)	(346)	(52)	(1)
Income before income taxes	22,478	21,442	19,486	20,607	12,749	15,511	17,238	24,134	23,427	17,679	84,013	69,632	64,065
Income tax expense	8,470	8,139	7,416	7,906	4,811	6,540	4,730	11,319	9,764	7,424	31,930	27,400	26,902
Net income	14,008	13,303	12,070	12,701	7,938	8,971	12,508	12,815	13,663	10,255	52,083	42,232	37,163
Dividends, accretion, and allocated earnings of preferred stock									(9,170)	(11,153)	(558)	(14,659)	(29,000)
Net income allocated to common stockholders									$ 4,493	$ (898)	$ 51,525	$ 27,573	$ 8,163
Weighted-average common shares issued and outstanding:
Weighted Average Number of Shares Outstanding, Basic										12,028
Weighted Average Number of Shares Outstanding, Diluted										12,028
Class A common stock [Member]
Earnings per common share:
Earnings Per Common Share, Basic	$ 0.33	$ 0.32	$ 0.29	$ 0.30	$ 0.19	$ 0.22	$ 0.32	$ 0.00	$ 0.00		$ 1.24	$ 1.06	$ 0.00
Earnings Per Share, Diluted	$ 0.33	$ 0.30	$ 0.27	$ 0.29	$ 0.18	$ 0.20	$ 0.29	$ 0.00	$ 0.00		$ 1.19	$ 0.98	$ 0.00
Weighted-average common shares issued and outstanding:
Weighted Average Number of Shares Outstanding, Basic									0		22,238	2,980	0
Weighted Average Number of Shares Outstanding, Diluted									0		42,065	27,782	0
Class B common stock [Member]
Earnings per common share:
Earnings Per Common Share, Basic	$ 0.33	$ 0.32	$ 0.29	$ 0.30	$ 0.19	$ 0.22	$ 0.32	$ 0.34	$ 0.37	$ (0.07)	$ 1.24	$ 1.06	$ 0.68
Earnings Per Share, Diluted	$ 0.33	$ 0.30	$ 0.27	$ 0.29	$ 0.18	$ 0.20	$ 0.29	$ 0.27	$ 0.29	$ (0.07)	$ 1.19	$ 0.98	$ 0.52
Weighted-average common shares issued and outstanding:
Weighted Average Number of Shares Outstanding, Basic									12,222		17,718	21,589	12,036
Weighted Average Number of Shares Outstanding, Diluted									15,425		19,822	24,796	15,712

XML

Property and Equipment

12 Months Ended

Dec. 31, 2011

Property and Equipment [Abstract]

Property and Equipment

Property and equipment consisted of the following:

	December 31, 2011			December 31, 2010
	(In thousands)
Land	$	205		$	—
Building	568			—
Computer equipment, furniture, and office equipment	17,119			14,643
Computer software purchased	6,284			6,035
Capitalized internal-use software	29,673			21,816
Tenant improvements	2,182			1,427
	56,031			43,921
Less accumulated depreciation and amortization	(28,750		)	(25,887		)
Property and equipment, net	$	27,281		$	18,034

Depreciation and amortization expense was $12.3 million and $7.6 million for the years ended December 31, 2011 and 2010, respectively, $2.3 million for the five months ended December 31, 2009 and $4.6 million for the year ended July 31, 2009. Included in those amounts are depreciation expense related to internal-use software of $6.0 million and $3.8 million for the years ended December 31, 2011 and 2010, respectively, $1.3 million for the five months ended December 31, 2009 and $2.5 million for the year ended July 31, 2009. The net carrying value of capitalized internal-use software was $14.6 and $8.4 million at December 31, 2011 and 2010, respectively.

XML

Loans

12 Months Ended

Dec. 31, 2011

Loans [Abstract]

Loans

In connection with our acquisition of Bonneville Bancorp, we acquired loans with a contractual outstanding unpaid principal and interest balance at the acquisition date of $13.7 million. We recorded these loans on our consolidated balance sheet at estimated fair value at the date of acquisition of $10.3 million.

The following table presents total outstanding loans and a summary of the related payment status:

	30-59 Days Past Due			60-89 Days Past Due			90 Days or More Past Due			Total Past Due 30 Days or More			Total Current or Less Than 30 Days Past Due			Purchased Credit-Impaired Loans			Total Outstanding
	(in thousands)
December 31, 2011
Real estate	$	—		$	—		$	—		$	—		$	4,983		$	503		$	5,486
Commercial	2			—			—			2			1,371			44			1,417
Installment	—			—			—			—			2,882			252			3,134
Total loans	$	2		$	—		$	—		$	2		$	9,236		$	799		$	10,037
Percentage of outstanding	0.02		%	—		%	—		%	0.02		%	92.02		%	7.96		%	100.00		%

We had no loans as of December 31, 2010. As of December 31, 2011, no allowance for loan losses was recorded because we recorded the purchased loans at fair value on December 8, 2011 in conjunction with our acquisition of Bonneville Bancorp and there have been no material changes in credit quality associated with the loan portfolio since the acquisition date.

We closely monitor and assess the credit quality and credit risk of our loan portfolio on an ongoing basis. We continuously review and update loan risk classifications. We evaluate our loans using non-classified or classified as the primary credit quality indicator. Classified loans are those loans that have demonstrated credit weakness where we believe there is a heightened risk of principal loss. Classified loans are internally classified as substandard, doubtful or loss consistent with regulatory guidelines. The tables below present our primary credit quality indicators related to our loan portfolio:

	Non-Classified		Classified
	(in thousands)
December 31, 2011
Real estate	$	5,125	$	361
Commercial	1,407		10
Installment	2,983		151
Total loans	$	9,515	$	522

The table below presents the remaining unpaid principal balance and carrying amount for PCI loans:

	December 31, 2011
	(in thousands)
Unpaid principal balance	$	1,506
Carrying value	799
Contractually required principal balance	1,506
Less: Nonaccretable difference	(608		)
Cash flows expected to be collected at acquisition	898
Less: Accretable yield	(99		)
Fair value of loans acquired	$	799

The table below shows activity for the accretable yield on PCI loans:

	Year Ended December 31, 2011
	(in thousands)
Accretable yield at beginning of period	$	—
Additions	99
Accretion	—
Accretable yield at end of period	$	99

XML

Commitments and Contingencies

12 Months Ended

Dec. 31, 2011

Commitments and Contingencies [Abstract]

Commitments and Contingencies

We currently lease approximately 84,000 square feet in Monrovia, California for our corporate headquarters, pursuant to lease agreements for approximately 75,000 square feet that expire in September 2012 and 4,000 square feet that expire in December 2012 and a sub-lease agreement of approximately 5,000 square feet that expires in December 2013. We also maintain smaller administrative or project offices. Our total rental expense for these leases amounted to $2.6 million and $1.8 million for the years ended December 31, 2011 and 2010, $0.6 million for the five months ended December 31, 2009, and $1.4 million for the year ended July 31, 2009.

On December 6, 2011, we entered into a ten-year office lease pursuant to which we will lease a new headquarters facility, consisting of 140,000 square feet of office space in Pasadena, California. The initial term of the lease is ten years and is scheduled to commence November 1, 2012 and expire on October 31, 2022. We will relocate our employees to this new office space prior to the expiration of the lease on our current headquarters. We did not take possession of or control the physical use of this property during 2011, and accordingly, we did not recognize any rent expense associated with this lease agreement.

At December 31, 2011, the minimum aggregate rental commitment under all operating leases was:

Year Ending December 31,	(in thousands)
2012	$	3,169
2013	3,943
2014	3,537
2015	3,963
Thereafter	29,367
	$	43,979

We have various agreements with vendors and retail distributors that include future minimum annual payments. At December 31, 2011, the minimum aggregate commitment under these agreements was:

Year Ending December 31,	(in thousands)
2012	$	7,706
2013	3,602
2014	328
2015	—
Thereafter	—
	$	11,636

In the event we terminate our processing services agreement for convenience, we are required to pay a single lump sum equal to any minimum payments remaining on the date of termination.

We have retained outside regulatory counsel to survey and monitor the laws of all 50 states to identify state laws or regulations that apply to prepaid debit cards and other stored value products. Many state laws do not specifically address stored value products and what, if any, legal or regulatory requirements (including licensing) apply to the sale of these products. We have obtained money transmitter licenses (or similar such licenses) where applicable, based on advice of counsel or when we have been requested to do so. If we were found to be in violation of any laws and regulations governing banking, money transmitters, electronic fund transfers, or money laundering in the United States or abroad, we could be subject to penalties or could be forced to change our business practices.

In the ordinary course of business, we are a party to various legal proceedings. We review these actions on an ongoing basis to determine whether it is probable that a loss has occurred and use that information when making accrual and disclosure decisions. We have not established reserves or possible ranges of losses related to these proceedings because, at this time in the proceedings, the matters do not relate to a probable loss and/or the amounts are not reasonably estimable.

From time to time we enter into contracts containing provisions that contingently require us to indemnify various parties against claims from third parties. These contracts primarily relate to (i) contracts with our card issuing banks, under which we are responsible to them for any unrecovered overdrafts on cardholders’ accounts; (ii) certain real estate leases, under which we may be required to indemnify property owners for environmental and other liabilities, and other claims arising from our use of the premises, (iii) certain agreements with our officers, directors, and employees, under which we may be required to indemnify these persons for liabilities arising out of their relationship with us, (iv) contracts under which we may be required to indemnify our retail distributors, suppliers, vendors and other parties with whom we have contracts against third-party claims that our products infringe a patent, copyright, or other intellectual property right claims arising from our acts, omissions, or violation of law.

Generally, a maximum obligation under these contracts is not explicitly stated. Because the obligated amounts associated with these types of agreements are not explicitly stated, the overall maximum amount of the obligation cannot be reasonably estimated. With the exception of overdrafts on cardholders’ accounts, historically, we have not been required to make payments under these and similar contingent obligations, and no liabilities have been recorded for these obligations in our consolidated balance sheets.

For additional information regarding overdrafts on cardholders’ accounts, refer to Note 4 — AccountsReceivable.

XML

Stockholders' Equity

12 Months Ended

Dec. 31, 2011

Stockholders' Equity Attributable to Parent [Abstract]

Stockholders' Equity

In March 2010, our board of directors amended our Certificate of Incorporation to adopt a dual class structure for our common stock. The two classes of common stock are Class A common stock and Class B common stock. Upon adoption, all of our common stock outstanding converted to Class B common stock. In July 2010, we filed a restated Certificate of Incorporation that increased the number of authorized Class A and Class B common stock from 75,000,000 shares each to 100,000,000 shares each and reduced the number of authorized shares of preferred stock from 25,553,267 to 5,000,000. In December 2011, we filed a restated Certificate of Incorporation that authorized 10,085 shares of Series A Convertible Junior Participating Non-Cumulative Perpetual Preferred Stock, or Series A Preferred Stock.

Convertible Preferred Stock

On December 8, 2011, we entered into and completed a share exchange with a significant shareholder, whereby 6,859,000 shares of our Class B common stock were exchanged for 6,859 shares of our newly created series of preferred stock, Series A Junior Preferred Stock. We had no shares of convertible preferred stock outstanding as of December 31, 2010. Our Certificate of Incorporation specified the following rights, preferences, and privileges for our Series A preferred stockholders.

Voting

Series A Preferred Stock is non-voting, subject to limited exceptions.

Dividends

Holders of shares of the Series A Preferred Stock are entitled to receive ratable dividends (on an as-converted basis, taking into account the conversion rate applicable to the Series A Preferred Stock at the time) only as, if and when any dividends are paid in respect of our Class A Common Stock.

Liquidation

In the event of any liquidation, dissolution or winding-up of the affairs of our company (excluding a Reorganization Event (defined below)), of the assets of our company or the proceeds thereof legally available for distribution to our stockholders are distributable ratably among the holders of our Class A Common Stock, Class B Common Stock and any Series A Preferred Stock outstanding at that time after payment to the holders of shares of our Series A Preferred Stock of an amount per share equal to (i) $0.01 plus (ii) any dividends on our Series A Preferred Stock that have been declared but not paid prior to the date of payment of such distribution.

In connection with any merger, sale of all or substantially all of the assets or other reorganization involving our company (a “Reorganization Event”) and in which our Class A Common Stock is converted into or exchanged for cash, securities or other consideration, holders of shares of our Series A Preferred Stock will be entitled to receive ratable amounts (on an as-converted basis, taking into account the conversion rate applicable to Series A Preferred Stock at the time) of the same consideration as is payable to holders of our Class A Common Stock pursuant to a Reorganization Event.

Conversion

Our Series A Preferred Stock is not convertible into any other security except that it converts into Class A Common Stock if it is transferred by a holder (i) in a widespread public distribution, (ii) in a private sale or transfer in which the transferee acquires no more than 2% of any class of voting shares of our company, (iii) to a transferee that owns or controls more than 50% of the voting shares of our company without regard to any transfer from the transferring shareholder or (iv) to our company. Each share of Series A Preferred Stock so transferred will automatically convert into 1,000 shares (subject to appropriate adjustment for any stock split, reverse stock split, stock dividend, recapitalization or other similar event) of our Class A Common Stock.

Common Stock

Our Certificate of Incorporation specifies the following rights, preferences, and privileges for our common stockholders.

Voting

Holders of our Class A common stock are entitled to one vote per share and holders of our Class B common stock are entitled to ten votes per share. In general, holders of our Class A common stock and Class B common stock will vote together as a single class on all matters (including the election of directors) submitted to a vote of stockholders, unless otherwise required by law. Delaware law could require either our Class A common stock or our Class B common stock to vote separately as a single class in the following circumstances:

• If we were to seek to amend our Certificate of Incorporation to increase the authorized number of shares of a class of stock, or to increase or decrease the par value of a class of stock, then that class would be required to vote separately to approve the proposed amendment; and

• If we were to seek to amend our Certificate of Incorporation in a manner that altered or changed the powers, preferences or special rights of a class of stock in a manner that affected its holders adversely, then that class would be required to vote separately to approve the proposed amendment.

Our Certificate of Incorporation requires the separate vote and majority approval of each class of our common stock prior to distributions, reclassifications and mergers or consolidations that would result in one class of common stock being treated in a manner different from the other, subject to limited exceptions, and amendments of our Certificate of Incorporation that would affect our dual class stock structure.

We have not provided for cumulative voting for the election of directors in our restated Certificate of Incorporation. In addition, our Certificate of Incorporation provides that a holder, or group of affiliated holders, of more than 24.9% of our common stock may not vote shares representing more than 14.9% of the voting power represented by the outstanding shares of our Class A and Class B common stock.

Dividends

Subject to preferences that may apply to any shares of preferred stock outstanding at the time, the holders of outstanding shares of our Class A and Class B common stock are entitled to receive dividends out of funds legally available at the times and in the amounts that our board of directors may determine. In the event a dividend is paid in the form of shares of common stock or rights to acquire shares of common stock, the holders of Class A common stock will receive Class A common stock, or rights to acquire Class A common stock, as the case may be, and the holders of Class B common stock will receive Class B common stock, or rights to acquire Class B common stock, as the case may be. However, in general and subject to certain limited exceptions, without approval of each class of our common stock, we may not pay any dividends or make other distributions with respect to any class of common stock unless at the same time we make a ratable dividend or distribution with respect to each outstanding share of common stock, regardless of class.

Liquidation

Upon our liquidation, dissolution or winding-up, the assets legally available for distribution to our stockholders would be distributable ratably among the holders of our Class A and Class B common stock and any participating preferred stock outstanding at that time after payment of liquidation preferences, if any, on any outstanding shares of our preferred stock and payment of other claims of creditors.

Preemptive or Similar Rights

Neither our Class A nor our Class B common stock is entitled to preemptive rights, and neither is subject to redemption.

Conversion

Our Class A common stock is not convertible into any other shares of our capital stock. Each share of our Class B common stock is convertible at any time at the option of the holder into one share of our Class A common stock. In addition, each share of our Class B common stock will convert automatically into one share of our Class A common stock upon any transfer, whether or not for value, except for estate planning, intercompany and other similar transfers or upon the date that the total number of shares of our Class B common stock outstanding represents less than 10% of the total number of shares of our Class A and Class B common stock outstanding. Once transferred and converted into Class A common stock, the Class B common stock may not be reissued. No class of our common stock may be subdivided or combined unless the other class of our common stock concurrently is subdivided or combined in the same proportion and in the same manner.

Non-Employee Stock-Based Payments

Shares Subject to Repurchase

In May 2010, we amended our commercial agreement with Walmart, our largest retail distributor, and GE Money Bank. The amendment modifies the terms of our agreement related to our co-branded GPR MoneyCard, which significantly increased the sales commission rates we pay to Walmart for our products sold in their stores. The new agreement commenced on May 1, 2010 with a five-year term. As an incentive to amend our prepaid card program agreement, we issued Walmart 2,208,552 shares of our Class A common stock. These shares are subject to our right to repurchase them at $0.01 per share upon termination of our agreement with Walmart other than a termination arising out of our knowing, intentional and material breach of the agreement. Our right to repurchase the shares lapses with respect to 36,810 shares per month over the 60-month term of the agreement. The repurchase right will expire as to all shares of Class A common stock that remain subject to the repurchase right if we experience a “prohibited change of control,” as defined in the agreement, if we experience a “change of control,” as defined in the stock issuance agreement, or under certain other limited circumstances, which we currently believe are remote. As of December 31, 2011, 1,472,352 shares of Class A common stock issued to Walmart were subject to our repurchase right.

Warrant

On March 3, 2009, we entered into a sales and marketing agreement with a third party that contained a contingent warrant feature. The warrant provides the third party with an option to purchase 3,426,765 shares of our common stock at a per share price of $23.70 if certain sales volume or revenue targets are achieved. A further 856,691 shares become eligible for purchase under the warrant should either of these targets be achieved and additional specified marketing and promotional activities take place.

The shares become eligible for purchase under the warrant at any time the targets are achieved prior to the earlier of March 3, 2014 or the termination of the sales and marketing agreement. Once eligible for purchase, the purchase option expires on the earliest of: (1) the date at which the sales and marketing agreement with the third party is terminated; (2) the date of a change of control transaction of our company; or (3) March 3, 2017.

The warrant is redeemable for cash by the holder if we fail to perform in accordance with the customary contractual terms of the sales and marketing agreement. Should the third party fail to perform in accordance with the terms of the sales and marketing agreement, we obtain an option to repurchase any shares previously issued under the warrant.

As the option to purchase shares under the warrant is contingent upon the achievement of certain sales volume or revenue targets, there is a possibility that no shares will become eligible for purchase. Based on different possible outcomes, we developed a range of fair values for the warrant, and we measured the warrant at its current lowest aggregate fair value within that range. As none of the performance conditions have been met, the lowest aggregate fair value is zero. Accordingly, we have not assigned any value to the warrant in our consolidated financial statements as of December 31, 2011 or 2010.

Follow-on Offering

On December 13, 2010, we completed a follow-on offering of 4,269,051 shares of our Class A common stock at an offering price of $61.00 per share, all of which were sold by existing stockholders. We did not receive any proceeds from the sale of shares of our Class A common stock on the follow-on offering. Concurrent with the completion of the follow-on offering, certain selling stockholders exercised vested options to purchase 936,301 shares of Class B common stock with a weighted-average exercise price of $4.32 in order to sell the underlying shares of Class A common stock in the follow-on offering. We received aggregate proceeds of $4.0 million from these exercises.

Registration Rights Agreement

We are a party to a registration rights agreement with certain of our investors, pursuant to which we have granted those persons or entities the right to register shares of common stock held by them under the Securities Act of 1933, as amended, or the Securities Act. Holders of these rights are entitled to demand that we register their shares of common stock under the Securities Act so long as certain conditions are satisfied and require us to include their shares of common stock in future registration statements that may be filed, either for our own account or for the account of other security holders exercising registration rights. In addition, after an initial public offering, these holders have the right to request that their shares of common stock be registered on a Form S-3 registration statement so long as certain conditions are satisfied and the anticipated aggregate sales price of the registered shares as of the date of filing of the Form S-3 registration statement is at least $1 million. The foregoing registration rights are subject to various conditions and limitations, including the right of underwriters of an offering to limit the number of registrable securities that may be included in an offering. The registration rights terminate as to any particular shares on the date on which the holder sells such shares to the public in a registered offering or pursuant to Rule 144 under the Securities Act. We are generally required to bear all of the expenses of these registrations, except underwriting commissions, selling discounts and transfer taxes.

We are not obligated under the registration rights agreement to transfer consideration, whether in cash, equity instruments, or adjustments to the terms of the financial instruments that are subject to the registration payment arrangement, to the investors, if the registration statement is not declared effective within the specified time or if effectiveness of the registration statement is not maintained.

Redeemable Convertible Preferred Stock

In October 2006, we entered into an agreement with a card issuing bank to provide a co-branded GPR card program with a major retail distributor. We also entered into equity financing transactions with the bank and an affiliated investment entity, under which we issued a warrant to purchase 500,000 shares of our common stock in October 2006 and 2,926,458 shares of Series D redeemable convertible preferred stock, or Series D, in December 2006. We received cash consideration of $20.0 million from the equity financing transactions. The holder of Series D was entitled to receive noncumulative dividends at a per annum rate of $0.547 per share and to participate in dividends on common stock on an as-converted basis, subject to the declaration by our board of directors out of funds legally available. Series D was redeemable for cash at the option of the holder on the seventh anniversary of its issuance. Series D was also convertible into our common stock any time prior to redemption, at the option of the holder, based on a conversion ratio. In the event of any liquidation, dissolution or winding up of our company, the holder of Series D was entitled to receive an amount equal to $6.834 per share plus 20% per annum from the date of issuance.

The freestanding warrant we issued entitled the holder to purchase 500,000 shares of our common stock at a per share price of $6.834 any time prior to the earliest of: a) the date of our initial public offering; b) the date of a change in control of our company; or c) October 27, 2013. The warrant was not redeemable.

We allocated the proceeds from the issuance of the Series D and the freestanding warrant to these instruments on a relative fair value basis. The initial allocated value of the warrant calculated using an option-pricing model was $1.3 million. As the warrant allowed settlement only in the underlying common stock, it was recorded at its initial allocated value as a component of additional paid-in capital.

Due to the nature of the redemption feature and other provisions, we classified Series D as temporary equity at its initial allocated value of $18.7 million. We determined that Series D did not contain any beneficial conversion features. We accreted the carrying value of the stock to its redemption value at each reporting period with a charge to retained earnings.

On December 19, 2008, we entered into an agreement with the sole holder of Series D for an early redemption of the 2,926,458 outstanding shares. The agreed redemption value was $39.2 million, or $13.38 per share, which we paid in cash on December 19, 2008. Upon redemption, the Series D preferred shares were canceled.

In addition, on December 19, 2008, we purchased a call option, which entitled us to purchase the freestanding warrant on 500,000 shares of common stock at an exercise price of approximately $2.0 million. The call option was exercisable any time during the period March 1, 2009 to September 1, 2009. In June 2009, we exercised the call option and repurchased the warrant.

Comprehensive Income

The components of comprehensive income, net of tax, are as follows:

	Twelve Months Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
	(In thousands)
Net income	$	52,083	$	42,232	$	13,663	$	37,163
Other comprehensive income:
Net change in unrealized gains on investment securities available-for-sale, net	30		—		—		—
Total comprehensive income	$	52,113	$	42,232	$	13,663	$	37,163

The tax impact for the year ended December 31, 2011 for the unrealized gain on investment securities available-for-sale was approximately $18,000.

XML

Stock-Based Compensation Option Summary (Details) (Stock options [Member], USD $) In Thousands, except Share data, unless otherwise specified	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Stock options [Member]
Option Rollforward [Roll Forward]
Outstanding, beginning	4,908,000	4,343,000	5,687,000	4,795,000
Granted	1,389,000	889,000	349,000	812,000
Canceled	(48,000)	(132,000)	(143,000)	(664,000)
Exercised	(562,000)	(344,000)	(1,550,000)	(35,000)
Outstanding, ending	5,687,000	4,756,000	4,343,000	4,908,000
Weighted-average exercise price, beginning	$ 3.88	$ 11.25	$ 7.98	$ 2.76
Weighted-average exercise price, granted	$ 19.75	$ 38.70	$ 32.38	$ 11.32
Weighted-average exercise price, canceled	$ 10.15	$ 37.38	$ 21.38	$ 4.24
Weighted-average exercise price, exercises	$ 1.68	$ 9.18	$ 3.61	$ 3.21
Weighted-average exercise price, ending	$ 7.98	$ 15.79	$ 11.25	$ 3.88
Year End Data [Abstract]
Options outstanding, aggregate intrinsic value		$ 79,696
Options vested or expected to vest, number of shares		4,711,000
Options vested or expected to vest, weighted-average exercise price		$ 15.64
Options vested or expected to vest, aggregate intrinsic value		79,609
Options exercisable, number of shares		3,035,000
Options exercisable, weighted-average exercise price		$ 8.43
Options exercisable, aggregate intrinsic value		$ 69,521

XML

Related Party Transactions

12 Months Ended

Dec. 31, 2011

Related Party Transactions [Abstract]

Related Party Transactions

At December 31, 2011 and 2010, we had no related party receivables or payables.

Prior to December 31, 2009, we had related party notes receivable, as described below. All of these related party notes receivable were repaid in full, including accrued interest of $936,000, in November 2009.

We loaned $3.0 million in March 2004 and $0.8 million in February 2006 to our current Chief Executive Officer bearing interest at rates of 3.5% and 4.5%, respectively, compounded semiannually. All principal and unpaid interest outstanding under the loans was due in March 2011. The loans were collateralized by 2,500,000 shares of our common stock owned by the officer and pledged under a stock pledge agreement. We classified the outstanding balance of these loans, including capitalized interest of $735,000 at July 31, 2009 as a reduction in stockholders’ equity. We recorded interest on these loans of $41,000 for the five months ended December 31, 2009 and $160,000 for the year ended July 31, 2009 as additional paid-in-capital.

During the three-year period ended July 31, 2009, we loaned an aggregate amount of $1.1 million to an executive to purchase common stock. The $1.1 million was loaned in seven installments, each installment ranging from $18,000 to $622,000. The interest rate on the loan was specified for each installment and ranged from 2.72% to 5.14%, compounded semiannually. All principal and unpaid interest outstanding under the loan was due in May 2013. The loan was collateralized by 898,000 shares of our common stock owned by the officer and a full recourse promissory note. We classified the outstanding balance of the loan, including capitalized interest of $127,000 at July 31, 2009 as a reduction in stockholders’ equity. We recorded interest on these loans of $13,000 for the five months ended December 31, 2009 and $50,000 for the year ended July 31, 2009 as additional paid-in-capital.

We loaned $120,000 in February 2008 to our current Chief Financial Officer to purchase common stock. The loan had an interest rate of 3.48%, compounded semiannually. All principal and unpaid interest outstanding under the loan was due in February 2015. The loan was collateralized by 85,000 shares of our common stock owned by the officer and a full recourse promissory note. We classified the outstanding balance of the loan, including capitalized interest of $7,000 at July 31, 2009 as a reduction in stockholders’ equity. We recorded interest on the loan of $1,000 for the five months ended December 31, 2009 and $5,000 for the year ended July 31, 2009 as additional paid-in-capital.

XML

Property and Equipment Summary of Property and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Property and equipment
Property and equipment	$ 56,031	$ 43,921
Accumulated depreciation and amortization	(28,750)	(25,887)
Property and equipment, net	27,281	18,034
Land [Member]
Property and equipment
Property and equipment	205	0
Building [Member]
Property and equipment
Property and equipment	568	0
Computer equipment, furniture, and office equipment [Member]
Property and equipment
Property and equipment	17,119	14,643
Computer software purchased [Member]
Property and equipment
Property and equipment	6,284	6,035
Capitalized internal-use software [Member]
Property and equipment
Property and equipment	29,673	21,816
Property and equipment, net	14,600	8,400
Tenant improvements [Member]
Property and equipment
Property and equipment	$ 2,182	$ 1,427

XML

Goodwill and Intangible Assets

12 Months Ended

Dec. 31, 2011

Goodwill and Intangible Assets [Abstract]

Goodwill and Intangible Assets

In December 2011, we acquired Bonneville Bancorp, which resulted in $10.8 million of goodwill and $0.4 million of core deposit intangibles. The core deposit intangibles reflect the estimated value of deposit relationships and is subject to amortization. The estimated remaining amortization period of our core deposit intangibles is 15 years. We recorded our core deposit intangibles as a component of prepaid expenses and other assets in our consolidated balance sheet as of December 31, 2011.

XML

Deposits

12 Months Ended

Dec. 31, 2011

Deposits [Abstract]

Deposits

In connection with our acquisition of Bonneville Bancorp, we acquired deposits of $33.7 million at the acquisition date. Deposits consisted of the following:

	December 31, 2011
	(In thousands)
Non-interest bearing deposit accounts
Checking	$	19,095
Demand deposit	51
Total non-interest bearing deposit accounts	19,146
Interest-bearing deposit accounts
Negotiable order of withdrawal (NOW)	1,612
Savings	7,118
Time deposits, denominations greater or equal than $100	1,381
Time deposits, denominations less than $100	9,700
Total interest-bearing deposit accounts	19,811
Total deposits	$	38,957

We had no deposits at December 31, 2010. The scheduled contractual maturities for total time deposits are presented in the table below:

December 31, 2011	(in thousands)
Due in 2012	$	7,554
Due in 2013	1,700
Due in 2014	459
Due in 2015	319
Due in 2016	1,049
Thereafter	—
Total time deposits	$	11,081

XML

Income Taxes

12 Months Ended

Dec. 31, 2011

Income Taxes [Abstract]

Income Taxes

The components of income tax expense were as follows:

	Year Ended December 31,					Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
	(In thousands)
Current:
Federal	$	29,583	$	26,638		$	4,389	$	22,645
State	2,096		1,466			1,845		5,988
Current income tax expense	31,679		28,104			6,234		28,633
Deferred:
Federal	251		(579		)	3,114		(1,662		)
State	—		(125		)	416		(69		)
Deferred income tax expense (benefit)	251		(704		)	3,530		(1,731		)
Income tax expense	$	31,930	$	27,400		$	9,764	$	26,902

Income tax expense for the years ended December 31, 2011 and 2010, the five months ended December 31, 2009 and the year ended July 31, 2009 varied from the amount computed by applying the federal statutory income tax rate to income before income taxes. A reconciliation between the expected federal income tax expense using the federal statutory tax rate of 35% and our actual income tax expense was as follows:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
U.S. federal statutory tax rate	35.0	%	35.0	%	35.0	%	35.0	%
State income taxes, net of federal benefit	1.6		3.8		6.7		6.1
Non-deductible offering costs	—		2.4		—		—
Change in tax state apportionment method	—		(4.6	)	—		—
Other	1.4		2.7		—		0.9
Effective tax rate	38.0	%	39.3	%	41.7	%	42.0	%

The effective tax rates for the periods above differ from the expected federal statutory tax rate of 35% primarily due to state income taxes, net of the federal tax benefit. Certain enacted tax law changes, which became effective January 1, 2011, reduced the income we apportion to California from the comparable period in 2010, resulting in a lower effective state tax rate in 2011. The year ended December 31, 2010 was impacted in large part by two discrete items. The California Franchise Tax Board, or FTB, approved our petition to retroactively apply an alternative apportionment method to our income tax returns filed for the five months ended December 31, 2009 and the year ended July 31, 2009. We recognized this benefit in the year ended December 31, 2010. This tax benefit was partially offset by non-deductible expenses related to our initial public offering recognized in the year ended December 31, 2010. Excluding the impact of these discrete items, our effective tax rate in 2010 would have been 41.5%.

The tax effects of temporary differences that give rise to significant portions of our deferred tax assets and liabilities were as follows:

	December 31, 2011			December 31, 2010
	(In thousands)
Deferred tax assets:
Reserve for overdrawn accounts	$	5,726		$	4,811
State income taxes	486			(8		)
Stock-based compensation	4,143			2,632
Fair value adjustment on acquired loans	1,308			—
Other	1,090			595
Total deferred tax assets	12,753			8,030
Deferred tax liabilities:
Internal-use software costs	(3,669		)	(3,254		)
Deferred expenses	(3,987		)	(3,378		)
Core deposit intangible	(162		)	—
Property and equipment, net	(3,022		)	(1,338		)
Total deferred tax liabilities	(10,840		)	(7,970		)
Net deferred tax assets	$	1,913		$	60

Total net deferred tax assets and liabilities are included in our consolidated balance sheets as follows:

	December 31, 2011			December 31, 2010
	(In thousands)
Current net deferred tax assets	$	6,664		$	5,398
Noncurrent net deferred tax liabilities	(4,751		)	(5,338		)
Net deferred tax assets	$	1,913		$	60

In assessing whether a valuation allowance is needed for our deferred tax assets, we consider whether it is more likely-than-not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of our deferred tax assets is dependent upon our generation of sufficient taxable income of the appropriate character during the periods in which those temporary differences become deductible. We consider the scheduled reversal of deferred tax liabilities and projected future taxable income in making this assessment. Based upon the level of our historical taxable income and projections of our future taxable income over the periods in which the temporary differences resulting in the deferred tax assets are deductible, we believe it is more likely than not that we will realize the benefits of our deferred tax assets. Accordingly, we recorded no valuation allowance as of December 31, 2011 or 2010.

As of December 31, 2011, we had approximately $316,000 of net operating loss carryforwards, which are expected to expire in 2021. As of December 31, 2010, we had no unutilized net operating loss carryforwards.

In accounting for income taxes, we follow the guidance related to uncertainty in income taxes. The guidance prescribes a comprehensive framework for the financial statement recognition, measurement, presentation, and disclosure of uncertain income tax positions that we have taken or anticipate taking in a tax return, and includes guidance on de-recognition, classification, interest and penalties, accounting in interim periods, and transition rules. We have concluded that we have no significant unrecognized tax benefits. We are subject to examination by the Internal Revenue Service, or IRS, and various state tax authorities. Our consolidated federal income tax returns for the years ended July 31, 2005 and 2008 have been examined by the IRS, and there have been no material changes in our tax liabilities for those years. We generally remain subject to examination of our federal income tax returns for the year ended July 31, 2008 and later years. We generally remain subject to examination of our various state income tax returns for a period of four to five years from the respective dates the returns were filed.

XML

Deposits Summary of Deposits (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Non-interest bearing deposit accounts
Checking	$ 19,095
Demand deposit	51
Total non-interest bearing deposit accounts	19,146
Interest-bearing deposit accounts
Negotiable order of withdrawal (NOW)	1,612
Savings	7,118
Time Deposits, denominations greater or equal than $100	1,381
Time Deposits, denominations less than $100	9,700
Total interest-bearing deposit accounts	19,811
Total deposits	$ 38,957	$ 0

XML

Stock-Based Compensation RSU Summary (Details) (RSUs [Member])	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
RSUs [Member]
RSU Rollforward [Roll Forward]
Outstanding, beginning		0
Granted	0	110,503	0	0
Canceled		(1,000)
Vested		0
Outstanding, ending		110,000	0

XML

Deposits Other Figures (Details) (USD $) In Millions, unless otherwise specified	Dec. 08, 2011
Business Acquisition [Line Items]
Deposits acquired in acquisition	$ 33.7

XML

Goodwill and Intangible Assets Intangible Assets (Details) (Core deposit [Member], USD $) In Millions, unless otherwise specified	12 Months Ended
	Dec. 31, 2011 Y
Core deposit [Member]
Intangible assets [Line Items]
Core deposit	$ 0.4
Useful life (in years)	15

XML

401(k) Plan Matching contributions (Details) (USD $)	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011 Age	Dec. 31, 2010	Jul. 31, 2009
401(k) Plan [Line Items]
Minimum age (in years)		21
401(k) employer match		50.00%
401(k) employer match limit		6.00%
Matching contributions	$ 0	$ 944,000	$ 686,000	$ 58,000

XML

Deposits (Tables)

12 Months Ended

Dec. 31, 2011

Deposits [Abstract]

Summary of Deposits [Table Text Block]

Deposits consisted of the following:

	December 31, 2011
	(In thousands)
Non-interest bearing deposit accounts
Checking	$	19,095
Demand deposit	51
Total non-interest bearing deposit accounts	19,146
Interest-bearing deposit accounts
Negotiable order of withdrawal (NOW)	1,612
Savings	7,118
Time deposits, denominations greater or equal than $100	1,381
Time deposits, denominations less than $100	9,700
Total interest-bearing deposit accounts	19,811
Total deposits	$	38,957

Contractual Maturities For Total Time Deposits [Table Text Block]

The scheduled contractual maturities for total time deposits are presented in the table below:

December 31, 2011	(in thousands)
Due in 2012	$	7,554
Due in 2013	1,700
Due in 2014	459
Due in 2015	319
Due in 2016	1,049
Thereafter	—
Total time deposits	$	11,081

XML

Investment Securities Maturities (Details) (Securities (Assets) [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Securities (Assets) [Member]
Available-for-sale Securities, Debt Maturities, Amortized Cost Basis [Abstract]
Due in one year or less	$ 6,001
Due after one year through five years	21,178
Due after five years through ten years	3,042
Due after ten years	942
Total	31,163
Available-for-sale Securities, Debt Maturities, Fair Value [Abstract]
Due in one year or less	5,999
Due after one year through five years	21,205
Due after five years through ten years	3,056
Due after ten years	950
Fair value	$ 31,210	$ 0

XML

Earnings per Common Share

12 Months Ended

Dec. 31, 2011

Earnings per Common Share [Abstract]

Earnings per Common Share

We calculate EPS using the two-class method. Refer to Note 2 — Summary of Significant Accounting Policies for a discussion of the calculation of EPS. The calculation of basic EPS and diluted EPS was as follows:

	Year Ended December 31,						Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011			2010
	(In thousands, except per share data)
Basic earnings per Class A common share
Net income	$	52,083		$	42,232		$	—	$	—
Allocated earnings to preferred stock	(558		)	(14,659		)	—		—
Allocated earnings to other classes of common stock	(24,022		)	(24,408		)	—		—
Net income allocated to Class A common stockholders	27,503			3,165			—		—
Weighted-average Class A shares issued and outstanding	22,238			2,980			—		—
Basic earnings per Class A common share	$	1.24		$	1.06		$	—	$	—
Diluted earnings per Class A common share
Net income allocated to Class A common stockholders	$	27,503		$	3,165		$	—	$	—
Allocated earnings to participating securities, net of re-allocated earnings	23,585			24,366			—		—
Re-allocated earnings	(1,036		)	(231		)	—		—
Diluted net income allocated to Class A common stockholders	50,052			27,300			—		—
Weighted-average Class A shares issued and outstanding	22,238			2,980			—		—
Dilutive potential common shares:
Class B common stock	19,822			24,796			—		—
Stock options	—			—			—		—
Restricted stock units	3			—			—		—
Employee stock purchase plan	2			6			—		—
Diluted weighted-average Class A shares issued and outstanding	42,065			27,782			—		—
Diluted earnings per Class A common share	$	1.19		$	0.98		$	—	$	—

	Year Ended December 31,						Five Months Ended December 31, 2009			Year Ended July 31, 2009
	2011			2010
	(In thousands, except per share data)
Basic earnings per Class B common share
Net income	$	52,083		$	42,232		$	13,663		$	37,163
Allocated earnings and deemed dividends to preferred stock	(558		)	(14,659		)	(9,170		)	(27,044		)
Allocated earnings to other classes of common stock	(29,613		)	(4,644		)	—			—
Accretion of redeemable convertible preferred stock	—			—			—			(1,956		)
Net income allocated to Class B common stockholders	21,912			22,929			4,493			8,163
Weighted-average Class B shares issued and outstanding	17,718			21,589			12,222			12,036
Basic earnings per Class B common share	$	1.24		$	1.06		$	0.37		$	0.68
Diluted earnings per Class B common share
Net income allocated to Class B common stockholders	$	21,912		$	22,929		$	4,493		$	8,163
Re-allocated earnings	1,673			1,437			—			—
Diluted net income allocated to Class B common stockholders	23,585			24,366			4,493			8,163
Weighted-average Class B shares issued and outstanding	17,718			21,589			12,222			12,036
Dilutive potential common shares:
Stock options	2,104			3,061			2,941			2,978
Warrants	—			146			262			698
Diluted weighted-average Class B shares issued and outstanding	19,822			24,796			15,425			15,712
Diluted earnings per Class B common share	$	1.19		$	0.98		$	0.29		$	0.52

As of December 31, 2011, 1,472,352 shares of Class A common stock issued to Walmart were subject to our repurchase right. Basic and diluted EPS for these shares were the same as basic and diluted EPS for our Class A common stock for the years ended December 31, 2011 and 2010.

We excluded from the computation of basic EPS all shares issuable under an unvested warrant to purchase 4,283,456 shares of our Class B common stock, as the related performance conditions had not been satisfied.

For the periods presented, we excluded all shares of convertible preferred stock and certain stock options outstanding, which could potentially dilute basic EPS in the future, from the computation of diluted EPS as their effect was anti-dilutive. The following table shows the weighted-average number of anti-dilutive shares excluded from the diluted EPS calculation:

	Year Ended December 31,		Five Months Ended December 31, 2009	Year Ended July 31, 2009
	2011	2010
	(In thousands)
Class A common stock
Options to purchase Class A common stock	258	22	—	—
Restricted stock units	—	—	—	—
Conversion of convertible preferred stock	451	—
Total options and restricted stock units	709	22	—	—
Class B common stock
Options to purchase Class B common stock	5	11	223	97
Conversion of convertible preferred stock	—	13,803	24,942	25,674
Total options and convertible preferred stock	5	13,814	25,165	25,771

XML

Selected Quarterly Financial Information

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Selected Unaudited Quarterly Financial Information

The following tables set forth a summary of our quarterly financial information for each of the four quarters ended December 31, 2011 and 2010.

	Q4		Q3		Q2		Q1
	(in thousands, except per share data)
2011
Total operating revenues	$	119,674	$	115,387	$	115,030	$	117,307
Total operating expenses	97,388		94,079		95,680		96,802
Operating income	22,286		21,308		19,350		20,505
Interest income, net	192		134		136		102
Income before income taxes	22,478		21,442		19,486		20,607
Income tax expense	8,470		8,139		7,416		7,906
Net income	$	14,008	$	13,303	$	12,070	$	12,701
Earnings per share
Basic
Class A common stock	$	0.33	$	0.32	$	0.29	$	0.30
Class B common stock	$	0.33	$	0.32	$	0.29	$	0.30
Diluted
Class A common stock	$	0.33	$	0.30	$	0.27	$	0.29
Class B common stock	$	0.33	$	0.30	$	0.27	$	0.29

	Q4		Q3		Q2		Q1
	(in thousands, except per share data)
2010
Total operating revenues	$	91,847	$	88,904	$	90,318	$	92,819
Total operating expenses	79,190		73,481		73,164		68,734
Operating income	12,657		15,423		17,154		24,085
Interest income, net	92		88		84		49
Income before income taxes	12,749		15,511		17,238		24,134
Income tax expense	4,811		6,540		4,730		11,319
Net income	$	7,938	$	8,971	$	12,508	$	12,815
Earnings per share
Basic
Class A common stock	$	0.19	$	0.22	$	0.32	—
Class B common stock	$	0.19	$	0.22	$	0.32	$	0.34
Diluted
Class A common stock	$	0.18	$	0.20	$	0.29	—
Class B common stock	$	0.18	$	0.20	$	0.29	$	0.27

XML

Commitments and Contingencies Other Figures (Details) (USD $) In Millions, unless otherwise specified	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Operating Leases [Line Items]
Total rent expense	$ 0.6	$ 2.6	$ 1.8	$ 1.4
Pasadena, CA [Member]
Operating Leases [Line Items]
Leased space, square footage		140,000
Lease term (in years)		10
Monrovia, CA [Member]
Operating Leases [Line Items]
Leased space, square footage		84,000
Monrovia, CA [Member] | September 2012 [Member]
Operating Leases [Line Items]
Leased space, square footage		75,000
Monrovia, CA [Member] | December 2012 [Member]
Operating Leases [Line Items]
Leased space, square footage		4,000
Monrovia, CA [Member] | December 2013 [Member]
Operating Leases [Line Items]
Leased space, square footage		5,000

XML

Investment Securities Gross Gains and Losses (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Dec. 31, 2010
Corporate bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	$ 16,307
Gross unrealized gains	27
Gross unrealized losses	(1)
Fair value	16,333
Commercial paper [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	4,998
Gross unrealized gains	1
Gross unrealized losses	0
Fair value	4,999
Negotiable certificate of deposit [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	3,500
Gross unrealized gains	0
Gross unrealized losses	0
Fair value	3,500
Agency securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	3,979
Gross unrealized gains	12
Gross unrealized losses	(4)
Fair value	3,987
Municipal bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	2,379
Gross unrealized gains	13
Gross unrealized losses	(1)
Fair value	2,391
Total fixed income securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Amortized cost	31,163
Gross unrealized gains	53
Gross unrealized losses	(6)
Fair value	$ 31,210	$ 0

XML

Significant Customer Concentrations (Tables)

12 Months Ended

Dec. 31, 2011

Significant Customer Concentrations [Abstract]

Schedules of Concentration of Risk, by Risk Factor [Table Text Block]

Settlement assets derived from our products sold at our four largest retail distributors comprised the following percentages of the settlement assets recorded on our consolidated balance sheet:

	December 31, 2011		December 31, 2010
Walmart	33	%	26	%
Three other largest retail distributors, as a group	39	%	31	%

Revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Walmart	61	%	63	%	63	%	56	%
Three other largest retail distributors, as a group	20	%	20	%	23	%	27	%

Excluding stock-based retailer incentive compensation of $17.3 million and $13.4 million for the years ended December 31, 2011 and 2010, respectively, revenues derived from our products sold at our four largest retail distributors represented the following percentages of our total operating revenues:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Walmart	62	%	64	%	63	%	56	%
Three other largest retail distributors, as a group	19	%	18	%	23	%	27	%

The concentration of GPR cards activated (in units) and the concentration of sales of cash transfer products (in units) derived from our products sold at our four largest retail distributors was as follows:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Concentration of GPR cards activated (in units)	80	%	84	%	94	%	95	%
Concentration of sales of cash transfer products (in units)	90	%	93	%	93	%	92	%

XML

Consolidated Statements of Changes in Redeemable Convertible Preferred Stock and in Stockholders' Equity (USD $) In Thousands, except Share data, unless otherwise specified	Total	Convertible Preferred Stock [Member]	Class A common stock [Member]	Class B common stock [Member]	Additional Paid-in Capital [Member]	Related Party Notes Receivable [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Redeemable Convertible Preferred Stock [Member]
Balance, amount at Jul. 31, 2008	$ 4,468	$ 18,345		$ 12	$ 3,593	$ (5,235)	$ (12,247)
Temporary Equity, Carrying Amount at Jul. 31, 2008									26,816
Balance, shares at Jul. 31, 2008		23,837,000		11,753,000
Temporary Equity, Shares Outstanding at Jul. 31, 2008									2,926,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, shares issued				308,000
Exercise of options, amount	415			0	415
Issuance of related party notes receivable	(364)					(364)
Interest on related party notes receivable	0				215	(215)
Repayment of related party notes receivable	0
Stock-based compensation, amount	2,468				2,468
Accretion of redeemable convertible preferred stock	(1,956)						(1,956)		1,956
Stock-based retailer incentive compensation	0
Stock repurchased during period, shares	2,926,458								(2,926,000)
Stock repurchased during period, amount									(28,772)
Share issuances		1,105,000		(21,000)
Issuance of new shares	2,002	12,977		0	(1,778)		(9,197)
Exercise of call option on warrants	(1,958)				(1,958)
Net income	37,163						37,163
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0
Comprehensive income	37,163
Temporary Equity, Carrying Amount at Jul. 31, 2009									0
Balance, amount at Jul. 31, 2009	42,238	31,322		12	2,955	(5,814)	13,763
Temporary Equity, Shares Outstanding at Jul. 31, 2009									0
Balance, shares at Jul. 31, 2009		24,942,000		12,040,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Exercise of options, shares issued				562,000
Exercise of options, amount	2,812			1	2,811
Interest on related party notes receivable	0				55	(55)
Repayment of related party notes receivable	5,869					5,869
Stock-based compensation, shares issued				258,000
Stock-based compensation, amount	6,782				6,782
Stock-based retailer incentive compensation	0
Net income	13,663						13,663
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0
Comprehensive income	13,663
Temporary Equity, Carrying Amount at Dec. 31, 2009									0
Balance, amount at Dec. 31, 2009	71,364	31,322		13	12,603	0	27,426	0
Temporary Equity, Shares Outstanding at Dec. 31, 2009									0
Balance, shares at Dec. 31, 2009		24,942,000		12,860,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repayment of related party notes receivable	0
Exercise of options and warrants, shares issued				1,840,000
Exercise of options and warrants, amount	30,875			2	30,873
Stock-based compensation, shares issued				2,000
Stock-based compensation, amount	7,256				7,256
Stock-based retailer incentive compensation	13,369				13,369
Share issuances			2,209,000
Conversion of preferred stock upon IPO, shares		(24,942,000)		24,942,000
Conversion of preferred stock upon IPO, amount	0	(31,322)		25	31,297
Conversion of Class B common stock upon IPO, shares			5,242,000	(5,242,000)
Conversion of Class B common stock upon IPO, amount	0		5	(5)
Conversion of Class B common stock upon follow on offering, number			3,686,000	(3,686,000)
Conversion of Class B common stock upon follow-on offering, amount	35		4	(4)	35
Conversion of Class B common stock by stockholders, shares			3,625,000	(3,625,000)
Conversion of Class B common stock by stockholders, amount	0		4	(4)
Net income	42,232						42,232
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	0
Comprehensive income	42,232
Temporary Equity, Carrying Amount at Dec. 31, 2010									0
Balance, amount at Dec. 31, 2010	165,131	0	13	27	95,433	0	69,658	0
Temporary Equity, Shares Outstanding at Dec. 31, 2010									0
Balance, shares at Dec. 31, 2010		0	14,762,000	27,091,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Repayment of related party notes receivable	0
Exercise of options and issuance of ESPP, shares issued			104,000	344,000
Exercise of Options and Issuance of ESPP Shares, Amount	9,091		2		9,089
Stock-based compensation, amount	9,524				9,524
Stock-based retailer incentive compensation	17,337				17,337
Conversion of Class B common stock by stockholders, shares		7,000	15,296,000	(22,155,000)
Conversion of Class B common stock by stockholders, amount	0	7	15	(22)
Net income	52,083						52,083
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	30							30
Comprehensive income	52,113
Temporary Equity, Carrying Amount at Dec. 31, 2011									0
Balance, amount at Dec. 31, 2011	$ 253,196	$ 7	$ 30	$ 5	$ 131,383	$ 0	$ 121,741	$ 30
Temporary Equity, Shares Outstanding at Dec. 31, 2011									0
Balance, shares at Dec. 31, 2011		7,000	30,162,000	5,280,000

XML

Earnings per Common Share Basic Earnings Per Share (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2010	Sep. 30, 2010	Jun. 30, 2010	Mar. 31, 2010	Dec. 31, 2009	Dec. 31, 2008	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
Basic earnings per common share [Line Items]
Net income	$ 14,008	$ 13,303	$ 12,070	$ 12,701	$ 7,938	$ 8,971	$ 12,508	$ 12,815	$ 13,663	$ 10,255	$ 52,083	$ 42,232	$ 37,163
Basic weighted-average shares issued and outstanding [Abstract]
Weighted-average shares issued and outstanding										12,028
Class A common stock [Member]
Basic net income [Abstract]
Net income allocated, basic									0		27,503	3,165	0
Basic weighted-average shares issued and outstanding [Abstract]
Weighted-average shares issued and outstanding									0		22,238	2,980	0
Basic earnings per common share [Abstract]
Basic earnings per Class A common share									$ 0		$ 1.24	$ 1.06	$ 0
Class A common stock [Member] | Class B common stock [Member]
Basic net income [Abstract]
Net income allocated, basic									0		(558)	(14,659)	0
Class A common stock [Member] | Preferred Stock [Member]
Basic net income [Abstract]
Net income allocated, basic									0		(24,022)	(24,408)	0
Class B common stock [Member]
Basic net income [Abstract]
Allocated Earnings And Deemed Dividends To Preferred Stock									(9,170)		(558)	(14,659)	(27,044)
Net income allocated, basic									4,493		21,912	22,929	8,163
Basic weighted-average shares issued and outstanding [Abstract]
Weighted-average shares issued and outstanding									12,222		17,718	21,589	12,036
Basic earnings per common share [Abstract]
Basic earnings per Class A common share									$ 0.37		$ 1.24	$ 1.06	$ 0.68
Class B common stock [Member] | Class A common stock [Member]
Basic net income [Abstract]
Net income allocated, basic									0		(29,613)	(4,644)	0
Class B common stock [Member] | Redeemable Convertible Preferred Stock [Member]
Basic net income [Abstract]
Accretion Of Redeemable Convertible Preferred Stock									$ 0		$ 0	$ 0	$ (1,956)
Unvested Walmart Shares [Member]
Basic earnings per common share [Abstract]
Basic earnings per Class A common share											$ 1.24	$ 1.06

XML

Accounts Receivable

12 Months Ended

Dec. 31, 2011

Accounts Receivable [Abstract]

Accounts Receivable

Accounts receivable, net consisted of the following:

	December 31, 2011			December 31, 2010
	(In thousands)
Overdrawn account balances due from cardholders	$	22,139		$	17,560
Reserve for uncollectible overdrawn accounts	(15,309		)	(11,823		)
Net overdrawn account balances due from cardholders	6,830			5,737
Trade receivables	5,574			968
Reserve for uncollectible trade receivables	(453		)	(3		)
Net trade receivables	5,121			965
Receivables due from card issuing banks	28,812			27,588
Other receivables	4,691			1,671
Accounts receivable, net	$	45,454		$	35,961

Activity in the reserve for uncollectible overdrawn accounts consisted of the following:

	Year Ended December 31,						Five Months Ended December 31, 2009			Year Ended July 31, 2009
	2011			2010
	(In thousands)
Balance, beginning of period	$	11,823		$	7,460		$	6,448		$	5,277
Provision for uncollectible overdrawn accounts:
Fees	55,048			43,634			10,255			20,187
Purchase transactions	5,514			2,459			963			2,361
Charge-offs	(57,076		)	(41,730		)	(10,206		)	(21,377		)
Balance, end of period	$	15,309		$	11,823		$	7,460		$	6,448

XML

Loans Accretable Yield (Details) (USD $) In Thousands, unless otherwise specified	12 Months Ended
	Dec. 31, 2011
Accretable Yield Rollforward [Roll Forward]
Accretable yield	$ 0
Additions	99
Accretion	0
Accretable yield	$ 99

XML

Stock-Based Compensation Compensation Plans (Details)	12 Months Ended
	Dec. 31, 2011
2010 Equity Incentive Plan [Member]
Compensation Plans [Abstract]
Shares originally reserved	2,000,000
Yearly, percentage increase in reserved shares	3.00%
Shares available for grant	2,300,000
Vesting period	4
2010 Equity Incentive Plan [Member] | Minimum [Member]
Compensation Plans [Abstract]
Expiration (in years)	5
2010 Equity Incentive Plan [Member] | Maximum [Member]
Compensation Plans [Abstract]
Expiration (in years)	10
2010 Employee Stock Purchase Plan [Member]
Compensation Plans [Abstract]
Shares originally reserved	200,000
Yearly, percentage increase in reserved shares	1.00%
2001 Stock Plan [Member]
Compensation Plans [Abstract]
Vesting period	4
2001 Stock Plan [Member] | Minimum [Member]
Compensation Plans [Abstract]
Expiration (in years)	5
2001 Stock Plan [Member] | Maximum [Member]
Compensation Plans [Abstract]
Expiration (in years)	10

XML

Income Taxes Effective Tax Rate Reconcilion (Details)	5 Months Ended	12 Months Ended
	Dec. 31, 2009	Dec. 31, 2011	Dec. 31, 2010	Jul. 31, 2009
U.S. federal statutory tax rate	35.00%	35.00%	35.00%	35.00%
State income taxes, net of federal benefit	6.70%	1.60%	3.80%	6.10%
Non-deductible offering costs	0.00%	0.00%	2.40%	0.00%
Change in tax state apportionment method	0.00%	0.00%	(4.60%)	0.00%
Other	0.00%	1.40%	2.70%	0.90%
Effective tax rate	41.70%	38.00%	39.30%	42.00%
Effective Tax Rate Excluding Certain Discrete Items			41.50%

XML

Subsequent Events

12 Months Ended

Dec. 31, 2011

Subsequent Events [Abstract]

Subsequent Events [Text Block]

On January 19, 2012, we amended our agreement with Total System Services, Inc., dated September 1, 2009, pursuant to which we agreed to extend the term of the agreement by two years to August 31, 2014.

XML

Concentrations of Credit Risk Loans (Details) (Geographic Concentration Risk [Member])	Dec. 31, 2011
Utah [Member]
Concentration Risk [Line Items]
Percentage	92.00%
Provo, Utah [Member]
Concentration Risk [Line Items]
Percentage	50.00%

XML

Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2011

Stock Based Compensation [Abstract]

Grant Summary

We estimated the fair value of each stock option grant on the date of grant using the following weighted-average assumptions:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Risk-free interest rate	1.92	%	2.18	%	2.56	%	2.26	%
Expected term (life) of options (in years)	6.06		5.92		6.08		6.08
Expected dividends	—		—		—		—
Expected volatility	48.35	%	49.41	%	46.9	%	53.2	%

The following table summarizes information for the stock options and restricted stock units that we granted:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Stock options granted	889,254		349,000		1,389,250		749,300
Weighted-average exercise price	$	38.70	$	32.38	$	19.75	$	11.32
Weighted-average grant-date fair value	$	18.62	$	15.66	$	9.47	$	6.98
Restricted stock units granted	110,503		—		—		—
Weighted-average grant-date fair value	$	33.46	$	—	$	—	$	—

Option Summary

Option activity for the year ended July 31, 2009, the five months ended December 31, 2009 and the years ended December 31, 2010 and 2011 was as follows:

	Number of Shares		Weighted-Average Exercise Price	Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding at July 31, 2008	4,795		2.76
Options granted	812		11.32
Options canceled	(664	)	4.24
Options exercised	(35	)	3.21
Outstanding at July 31, 2009	4,908		3.88
Options granted	1,389		19.75
Options canceled	(48	)	10.15
Options exercised	(562	)	1.68
Outstanding at December 31, 2009	5,687		7.98
Options granted	349		32.38
Options canceled	(143	)	21.38
Options exercised	(1,550	)	3.61
Outstanding at December 31, 2010	4,343		11.25
Options granted	889		38.70
Options canceled	(132	)	37.38
Options exercised	(344	)	9.18
Outstanding at December 31, 2011	4,756		15.79	$	79,696
Vested or expected to vest at December 31, 2011	4,711		15.64	$	79,609
Exercisable at December 31, 2011	3,035		8.43	$	69,521

RSU Summary

Restricted stock unit activity for the year ended December 31, 2011 was as follows:

	Number of RSUs		Unvested RSUs
	(in thousands)
Outstanding at December 31, 2010	—		—
RSUs granted	111		111
RSUs canceled	(1	)	(1	)
RSUs vested	—		—
Outstanding at December 31, 2011	110		110

Options by Exercise Price

The following table summarizes information with respect to stock options outstanding and exercisable at December 31, 2011:

	Options Outstanding				Options Currently Exercisable
Exercise Price	Number Outstanding	Weighted-Average Remaining Contractual Life (in Years)	Weighted-Average Exercise Price		Number Outstanding	Weighted-Average Remaining Contractual Life (in Years)	Weighted-Average Exercise Price
0.83-1.41	364,599	2.64	$	1.17	364,599	2.64	$	1.17
1.55-4.00	542,710	2.46	1.58		542,710	2.46	1.58
4.64-10.75	1,474,366	6.31	6.16		1,363,809	6.26	5.79
10.84-17.19	136,140	7.51	15.83		63,709	7.50	15.85
20.01-31.61	1,422,169	8.09	21.69		628,652	7.89	20.37
31.63-55.52	815,684	9.23	38.91		71,992	7.78	36.02
	4,755,668				3,035,471

XML

Stock-Based Compensation

12 Months Ended

Dec. 31, 2011

Stock Based Compensation [Abstract]

Disclosure of Compensation Related Costs, Share-based Payments

Employee Stock-Based Compensation

In January 2001, we adopted the 2001 Stock Plan. The 2001 Stock Plan provided for the granting of incentive stock options, nonqualified stock options and other stock awards. Options granted under the 2001 Stock Plan generally vest over four years and expire five or ten years from the date of grant.

In June 2010, our board of directors adopted, and in July 2010 our stockholders approved, the 2010 Equity Incentive Plan, which replaced our 2001 Stock Plan, and the 2010 Employee Stock Purchase Plan. We reserved 2,000,000 shares of our Class A common stock for issuance under our 2010 Equity Incentive Plan. The number of shares reserved for issuance under our 2010 Equity Incentive Plan will increase automatically on the first day of January of each of 2011 through 2014 by up to a number of shares equal to 3% of the total outstanding shares our Class A and Class B common stock as of the immediately preceding December 31st. The 2010 Equity Incentive Plan authorizes the award of stock options, restricted stock awards, stock appreciation rights, restricted stock units, performance shares and stock bonuses. Options granted under the 2010 Equity Incentive Plan generally vest over four years and expire five or ten years from the date of grant.

The 2010 Employee Stock Purchase Plan enables eligible employees to purchase shares of our Class A common stock periodically at a discount. Our 2010 Employee Stock Purchase Plan is intended to qualify as an employee stock purchase plan under Section 423 of the Internal Revenue Code. We reserved 200,000 shares of our Class A common stock for issuance under our 2010 Employee Stock Purchase Plan. The number of shares reserved for issuance under our 2010 Employee Stock Purchase Plan automatically increase on the first day of January of each of 2011 through 2018 by up to the number of shares equal to 1% of the total outstanding shares of our Class A and Class B common stock as of the immediately preceding December 31st.

Our board of directors or its compensation committee may reduce the amount of the annual increase under the 2010 Equity Incentive Plan or 2010 Employee Stock Purchase Plan in any particular year. Options granted under the 2010 Equity Incentive Plan generally vest over four years and expire five or ten years from the date of grant.

The total stock-based compensation expense recognized was $9.5 million and $7.3 million for the years ended December 31, 2011 and 2010, respectively, $6.8 million for the five months ended December 31, 2009 and $2.5 million for the year ended July 31, 2009. Stock-based compensation for the years ended December 31, 2011 and 2010 includes expense related to awards of stock options and restricted stock units and purchases under the 2010 Employee Stock Purchase Plan. The total income tax expense recognized as a component of stock-based compensation was $1.8 million and $1.3 million for the years ended December 31, 2011 and 2010, respectively, $2.6 million for the five months ended December 31, 2009 and $0.4 million for the year ended July 31, 2009.

Options and restricted stock units granted on or after July 21, 2010 are issued under the 2010 Equity Incentive Plan and options granted prior to July 21, 2010 were issued under the 2001 Stock Plan, the predecessor to our 2010 Equity Incentive Plan. We have reserved shares of our Class A common stock and Class B common stock for issuance under the 2010 Equity Incentive Plan and 2001 Stock Plan, respectively.

The following table summarizes information for the stock options and restricted stock units that we granted:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Stock options granted	889,254		349,000		1,389,250		749,300
Weighted-average exercise price	$	38.70	$	32.38	$	19.75	$	11.32
Weighted-average grant-date fair value	$	18.62	$	15.66	$	9.47	$	6.98
Restricted stock units granted	110,503		—		—		—
Weighted-average grant-date fair value	$	33.46	$	—	$	—	$	—

We estimated the fair value of each stock option grant on the date of grant using the following weighted-average assumptions:

	Year Ended December 31,				Five Months Ended December 31, 2009		Year Ended July 31, 2009
	2011		2010
Risk-free interest rate	1.92	%	2.18	%	2.56	%	2.26	%
Expected term (life) of options (in years)	6.06		5.92		6.08		6.08
Expected dividends	—		—		—		—
Expected volatility	48.35	%	49.41	%	46.9	%	53.2	%

Determining the fair value of stock-based awards at their respective grant dates requires considerable judgment, including estimating expected volatility and expected term (life). We based our expected volatility on the historical volatility of comparable public companies over the option’s expected term. We calculated our expected term based on the simplified method, which is the mid-point between the weighted-average graded-vesting term and the contractual term. The simplified method was chosen as a means to determine expected term as there is limited historical option exercise experience due to our company being newly public. We derived the risk-free rate from the average yield for the five-and seven-year zero-coupon U.S. Treasury Strips. We estimate forfeitures at the grant date based on our historical forfeiture rate since the Plan’s inception and revise the estimate, if necessary, in subsequent periods if actual forfeitures differ from those estimates.

Stock Awards

In December 2009, our board of directors awarded 257,984 shares of common stock to our Chief Executive Officer to compensate him for past services rendered to our company. The number of shares awarded was equal to the number of shares subject to fully vested options that unintentionally expired unexercised in June 2009. The aggregate grant date fair value of the December 2009 award was approximately $5.2 million, based on an estimated fair value of our common stock of $20.01, as determined by our board of directors on the date of the award. We recorded the aggregate grant date fair value as compensation and benefits expense on the date of the award.

Option activity for the year ended July 31, 2009, the five months ended December 31, 2009 and the years ended December 31, 2010 and 2011 was as follows:

	Number of Shares		Weighted-Average Exercise Price	Aggregate Intrinsic Value
	(in thousands, except per share data)
Outstanding at July 31, 2008	4,795		2.76
Options granted	812		11.32
Options canceled	(664	)	4.24
Options exercised	(35	)	3.21
Outstanding at July 31, 2009	4,908		3.88
Options granted	1,389		19.75
Options canceled	(48	)	10.15
Options exercised	(562	)	1.68
Outstanding at December 31, 2009	5,687		7.98
Options granted	349		32.38
Options canceled	(143	)	21.38
Options exercised	(1,550	)	3.61
Outstanding at December 31, 2010	4,343		11.25
Options granted	889		38.70
Options canceled	(132	)	37.38
Options exercised	(344	)	9.18
Outstanding at December 31, 2011	4,756		15.79	$	79,696
Vested or expected to vest at December 31, 2011	4,711		15.64	$	79,609
Exercisable at December 31, 2011	3,035		8.43	$	69,521

The total intrinsic value of options exercised was $4.4 million and $76.8 million for the years ended December 31, 2011 and 2010, respectively, $10.0 million for the five months ended December 31, 2009 and $0.3 million for the year ended July 31, 2009. Approximately 2.3 million shares are available for grant under the 2010 Equity Incentive Plan as of December 31, 2011.

Restricted stock unit activity for the year ended December 31, 2011 was as follows:

	Number of RSUs		Unvested RSUs
	(in thousands)
Outstanding at December 31, 2010	—		—
RSUs granted	111		111
RSUs canceled	(1	)	(1	)
RSUs vested	—		—
Outstanding at December 31, 2011	110		110

The following table summarizes information with respect to stock options outstanding and exercisable at December 31, 2011:

	Options Outstanding				Options Currently Exercisable
Exercise Price	Number Outstanding	Weighted-Average Remaining Contractual Life (in Years)	Weighted-Average Exercise Price		Number Outstanding	Weighted-Average Remaining Contractual Life (in Years)	Weighted-Average Exercise Price
0.83-1.41	364,599	2.64	$	1.17	364,599	2.64	$	1.17
1.55-4.00	542,710	2.46	1.58		542,710	2.46	1.58
4.64-10.75	1,474,366	6.31	6.16		1,363,809	6.26	5.79
10.84-17.19	136,140	7.51	15.83		63,709	7.50	15.85
20.01-31.61	1,422,169	8.09	21.69		628,652	7.89	20.37
31.63-55.52	815,684	9.23	38.91		71,992	7.78	36.02
	4,755,668				3,035,471

Tax benefits realized from the exercise of stock options were $3.0 million and $24.8 million for the years ended December 31, 2011 and 2010, respectively, $1.9 million for the five months ended December 31, 2009 and $0 for the year ended July 31, 2009. Cash proceeds from the exercise of stock options were $3.2 million and $5.6 million for the years ended December 31, 2011 and 2010, respectively, $0.9 million for the five months ended December 31, 2009 and $0.1 million for the year ended July 31, 2009. The aggregate unrecognized compensation cost for unvested stock options and RSU awards expected to be recognized in compensation expense in future periods was $19.0 million and $3.4 million at December 31, 2011, respectively, and the related weighted-average period over which the compensation expense is expected to be recognized was estimated at 2.8 years and 0.8 years, respectively.

Stock-Based Retailer Incentive Compensation

As discussed in Note 13 — Stockholders’ Equity, we issued Walmart 2,208,552 shares of our Class A common stock. We recognize the fair value of 36,810 shares each month over the 60-month term of the commercial agreement. An early expiration of our right to repurchase as described above would, however, result in the recognition of the fair value of all the shares still subject to repurchase on the date of the expiration. We currently assess an early expiration of our repurchase right to be remote. We record the fair value recognized as stock-based retailer incentive compensation, a contra-revenue component of our total operating revenues. We recognize monthly the fair value of the shares for which our right to repurchase has lapsed using the then-current fair market value of our Class A common stock. We recognized $17.3 million and $13.4 million of stock-based retailer incentive compensation for the years ended December 31, 2011 and 2010, respectively.