XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Operating revenues:        
Operating revenues $ 335,886 $ 289,050 $ 1,089,916 $ 958,477
Interest income, net 3,613 2,020 12,442 11,002
Total operating revenues 339,499 291,070 1,102,358 969,479
Operating expenses:        
Sales and marketing expenses 84,002 96,189 299,412 319,738
Compensation and benefits expenses 65,045 61,077 199,996 173,009
Processing expenses 95,731 74,158 287,716 216,624
Other general and administrative expenses 85,891 62,296 240,616 198,519
Total operating expenses 330,669 293,720 1,027,740 907,890
Operating income (loss) 8,830 (2,650) 74,618 61,589
Interest expense, net 38 39 113 723
Other income (expense), net 849 (1,650) 1,396 696
Income (loss) before income taxes 9,641 (4,339) 75,901 61,562
Income tax expense (benefit) 2,306 (1,347) 17,898 14,415
Net income (loss) $ 7,335 $ (2,992) $ 58,003 $ 47,147
Basic earnings (loss) per common share: (in usd per share) $ 0.13 $ (0.06) $ 1.06 $ 0.89
Diluted earnings (loss) per common share (in usd per share) $ 0.13 $ (0.06) $ 1.04 $ 0.87
Basic weighted-average common shares issued and outstanding (in shares) 54,221 52,635 53,961 52,269
Diluted weighted-average common shares issued and outstanding (in shares) 55,415 52,635 55,180 53,455
Card revenues and other fees        
Operating revenues:        
Operating revenues $ 202,482 $ 146,648 $ 586,431 $ 440,723
Cash processing revenues        
Operating revenues:        
Operating revenues 47,516 57,526 205,256 246,042
Interchange revenues        
Operating revenues:        
Operating revenues $ 85,888 $ 84,876 $ 298,229 $ 271,712