Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified |
3 Months Ended | |
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Mar. 31, 2015
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Mar. 31, 2014
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Operating activities | ||
Net Income | $ 40,813us-gaap_NetIncomeLoss | $ 15,305us-gaap_NetIncomeLoss |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||
Depreciation and amortization of property and equipment | 9,375us-gaap_DepreciationDepletionAndAmortization | 7,664us-gaap_DepreciationDepletionAndAmortization |
Amortization of intangible assets | 5,325us-gaap_AmortizationOfIntangibleAssets | 0us-gaap_AmortizationOfIntangibleAssets |
Provision for uncollectible overdrawn accounts | 15,192us-gaap_ProvisionForDoubtfulAccounts | 8,490us-gaap_ProvisionForDoubtfulAccounts |
Employee stock-based compensation | 5,213us-gaap_ShareBasedCompensation | 3,972us-gaap_ShareBasedCompensation |
Stock-based retailer incentive compensation | 1,906gdot_StockBasedRetailerIncentiveCompensation | 2,388gdot_StockBasedRetailerIncentiveCompensation |
Amortization of premium on available-for-sale investment securities | 235us-gaap_AmortizationOfDebtDiscountPremium | 313us-gaap_AmortizationOfDebtDiscountPremium |
Net realized loss (gain) on investment securities | 2us-gaap_GainLossOnSaleOfDebtInvestments | (29)us-gaap_GainLossOnSaleOfDebtInvestments |
Recovery for uncollectible trade receivables | (5)us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery | (9)us-gaap_FinancingReceivableAllowanceForCreditLossesRecovery |
Change in fair value of contingent consideration | (7,616)us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 | 0us-gaap_BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationLiability1 |
Amortization of deferred financing costs | 384us-gaap_AmortizationOfFinancingCosts | 0us-gaap_AmortizationOfFinancingCosts |
Deferred income tax expense | (21)us-gaap_DeferredIncomeTaxExpenseBenefit | 0us-gaap_DeferredIncomeTaxExpenseBenefit |
Changes in operating assets and liabilities: | ||
Accounts receivable, net | (2,308)us-gaap_IncreaseDecreaseInAccountsReceivable | 15,668us-gaap_IncreaseDecreaseInAccountsReceivable |
Prepaid expenses and other assets | (31)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets | (3,835)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets |
Deferred expenses | 5,800us-gaap_IncreaseDecreaseInDeferredCharges | 3,548us-gaap_IncreaseDecreaseInDeferredCharges |
Accounts payable and other accrued liabilities | (9,579)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (6,348)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
Amounts due to card issuing banks for overdrawn accounts | 1,169gdot_IncreaseDecreaseInAmountsDueToCardIssuingBankForOverdrawnAccounts | (49,760)gdot_IncreaseDecreaseInAmountsDueToCardIssuingBankForOverdrawnAccounts |
Deferred revenue | (5,618)us-gaap_IncreaseDecreaseInDeferredRevenue | (6,179)us-gaap_IncreaseDecreaseInDeferredRevenue |
Income tax receivable | 24,091us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 8,641us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
Net cash provided by (used in) operating activities | 84,327us-gaap_NetCashProvidedByUsedInOperatingActivities | (171)us-gaap_NetCashProvidedByUsedInOperatingActivities |
Investing activities | ||
Purchases of available-for-sale investment securities | (34,631)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt | (44,548)us-gaap_PaymentsToAcquireAvailableForSaleSecuritiesDebt |
Proceeds from maturities of available-for-sale securities | 21,972us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities | 47,445us-gaap_ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities |
Proceeds from sales of available-for-sale securities | 12,733us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt | 35,411us-gaap_ProceedsFromSaleOfAvailableForSaleSecuritiesDebt |
(Increase) decrease in restricted cash | (1,429)us-gaap_IncreaseDecreaseInRestrictedCash | 683us-gaap_IncreaseDecreaseInRestrictedCash |
Payments for acquisition of property and equipment | (14,144)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (10,512)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
Net (increase) decrease in loans | (265)us-gaap_PaymentsForProceedsFromLoansReceivable | 336us-gaap_PaymentsForProceedsFromLoansReceivable |
Acquisition, net of cash acquired | (65,209)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired | 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired |
Net cash (used in) provided by investing activities | (80,973)us-gaap_NetCashProvidedByUsedInInvestingActivities | 28,815us-gaap_NetCashProvidedByUsedInInvestingActivities |
Financing activities | ||
Repayments of borrowings from note payable | (5,625)us-gaap_RepaymentsOfNotesPayable | 0us-gaap_RepaymentsOfNotesPayable |
Borrowings on revolving line of credit | 30,001us-gaap_ProceedsFromLinesOfCredit | 0us-gaap_ProceedsFromLinesOfCredit |
Repayments on revolving line of credit | (30,001)us-gaap_RepaymentsOfLinesOfCredit | 0us-gaap_RepaymentsOfLinesOfCredit |
Proceeds from exercise of options | 117us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions | 1,626us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions |
Excess tax benefits from exercise of options | 24us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities | 525us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities |
Net increase in deposits | 78,872us-gaap_IncreaseDecreaseInDeposits | 306,769us-gaap_IncreaseDecreaseInDeposits |
Net increase (decrease) in obligations to customers | 77,344us-gaap_IncreaseDecreaseInClientFundsHeld | (13,346)us-gaap_IncreaseDecreaseInClientFundsHeld |
Net cash provided by financing activities | 150,732us-gaap_NetCashProvidedByUsedInFinancingActivities | 295,574us-gaap_NetCashProvidedByUsedInFinancingActivities |
Net increase in unrestricted cash, cash equivalents, and federal funds sold | 154,086gdot_CashAndCashEquivalentsAndFederalFundsSoldPeriodIncreaseDecrease | 324,218gdot_CashAndCashEquivalentsAndFederalFundsSoldPeriodIncreaseDecrease |
Unrestricted cash, cash equivalents, and federal funds sold, beginning of year | 724,638us-gaap_CashCashEquivalentsAndFederalFundsSold | 423,621us-gaap_CashCashEquivalentsAndFederalFundsSold |
Unrestricted cash, cash equivalents, and federal funds sold, end of period | 878,724us-gaap_CashCashEquivalentsAndFederalFundsSold | 747,839us-gaap_CashCashEquivalentsAndFederalFundsSold |
Cash paid for interest | 1,112us-gaap_InterestPaid | 16us-gaap_InterestPaid |
Cash paid for income taxes | $ 779us-gaap_IncomeTaxesPaid | $ 219us-gaap_IncomeTaxesPaid |
X | ||||||||||
- Definition
The increase (decrease) during the reporting period in cash and cash equivalents and federal funds sold. While for technical reasons this element has no balance attribute, the default assumption is a debit balance consistent with its label. No definition available.
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- Definition
Increase (Decrease) in Amounts Due to Card Issuing Bank for Overdrawn Accounts No definition available.
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- Definition
We recognize the fair value of shares issued to retail distributors on the vesting date or as our right to repurchase lapses, as applicable. No definition available.
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- Details
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- Definition
Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of noncash expense included in interest expense to issue debt and obtain financing associated with the related debt instruments. Alternate captions include noncash interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in the value of a contingent consideration liability, including, but not limited to, differences arising upon settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The sum of cash and cash equivalents plus Federal Funds Sold. Cash and cash equivalents consist of short term, highly liquid investments that are readily convertible to known amounts of cash and are so near their maturity that they present negligible risk of changes in value due to changes in interest rates -- usually with an original maturity less than 90 days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from realized tax benefit related to deductible compensation cost reported on the entity's tax return for equity instruments in excess of the compensation cost for those instruments recognized for financial reporting purposes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of recovery of financing receivables doubtful of collection that were previously charged off. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The difference between the carrying value and the sale price of debt securities, not separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the carrying amount of client funds held and maintained in custodial and separate accounts, and which are owned by clients or contract holders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the value of expenditures made during the current reporting period for benefits that will be received over a period of years. Deferred charges differ from prepaid expenses in that they usually extend over a long period of time and may or may not be regularly recurring costs of operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period, excluding the portion taken into income, in the liability reflecting revenue yet to be earned for which cash or other forms of consideration was received or recorded as a receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) in the beginning and end of period deposits balances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The increase (decrease) during the reporting period in the value of prepaid expenses and other assets not separately disclosed in the statement of cash flows, for example, deferred expenses, intangible assets, or income taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net cash inflow or outflow for the increase (decrease) associated with funds that are not available for withdrawal or use (such as funds held in escrow) and are associated with underlying transactions that are classified as investing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The amount of cash paid for interest during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The net amount paid or received by the reporting entity associated with purchase (sale or collection) of loans receivable arising from the financing of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow to acquire debt securities classified as available-for-sale securities, because they are not classified as either held-to-maturity securities or trading securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The total cash inflow associated with the amount received from holders to acquire the entity's shares under incentive and share awards, including stock option exercises. This item inherently excludes any excess tax benefit, which the entity may have realized and reported separately. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow from contractual arrangement with the lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with maturities (principal being due), prepayments and calls (requests of early payments) on securities not classified as either held-to-maturity securities or trading securities which are classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow associated with the sale of debt securities classified as available-for-sale securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of expense related to write-down of receivables to the amount expected to be collected. Includes, but is not limited to, accounts receivable and notes receivable. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash outflow for payment of an obligation from a lender, including but not limited to, letter of credit, standby letter of credit and revolving credit arrangements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow for a borrowing supported by a written promise to pay an obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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