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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Operating revenues:        
Operating revenues $ 332,302 $ 335,886 $ 1,076,093 $ 1,089,916
Interest income, net 11,446 3,613 31,041 12,442
Total operating revenues 343,748 339,499 1,107,134 1,102,358
Operating expenses:        
Sales and marketing expenses 66,996 84,002 227,898 299,412
Compensation and benefits expenses 61,868 65,045 185,743 199,996
Processing expenses 125,261 95,731 349,741 287,716
Other general and administrative expenses 78,858 85,891 257,456 240,616
Total operating expenses 332,983 330,669 1,020,838 1,027,740
Operating income 10,765 8,830 86,296 74,618
Interest expense, net 27 38 143 113
Other (expense) income, net (4,249) 849 (9,057) 1,396
Income before income taxes 6,489 9,641 77,096 75,901
Income tax expense 1,793 2,306 18,768 17,898
Net income $ 4,696 $ 7,335 $ 58,328 $ 58,003
Basic earnings per common share (in usd per share) $ 0.09 $ 0.13 $ 1.08 $ 1.06
Diluted earnings per common share (in usd per share) $ 0.09 $ 0.13 $ 1.07 $ 1.04
Basic weighted-average common shares issued and outstanding (in shares) 53,053 54,221 53,840 53,961
Diluted weighted-average common shares issued and outstanding (in shares) 53,382 55,415 54,428 55,180
Card revenues and other fees        
Operating revenues:        
Operating revenues $ 219,577 $ 202,482 $ 650,979 $ 586,431
Cash processing revenues        
Operating revenues:        
Operating revenues 41,318 47,516 198,813 205,256
Interchange revenues        
Operating revenues:        
Operating revenues $ 71,407 $ 85,888 $ 226,301 $ 298,229