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Consolidated Statements of Income and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Merchant acquiring, net $ 21,165 $ 19,827 $ 41,256 $ 39,118
Payment processing (from affiliates: $7,644, $7,458, $15,016 and $14,706) 26,759 26,618 53,136 51,843
Business solutions (from affiliates: $35,568, $34,243, $69,258 and $67,601) 45,317 44,888 90,181 87,805
Total revenues 93,241 91,333 184,573 178,766
Operating costs and expenses        
Cost of revenues, exclusive of depreciation and amortization shown below 40,665 39,051 80,460 76,919
Selling, general and administrative expenses 8,948 10,463 16,651 18,525
Depreciation and amortization 16,006 16,390 32,834 33,004
Total operating costs and expenses 65,619 65,904 129,945 128,448
Income from operations 27,622 25,429 54,628 50,318
Non-operating income (expenses)        
Interest income 127 79 231 154
Interest expense (6,210) (6,501) (12,411) (13,410)
Earnings of equity method investment 84 343 199 664
Other income 764 385 1,049 2,376
Total non-operating expenses (5,235) (5,694) (10,932) (10,216)
Income before income taxes 22,387 19,735 43,696 40,102
Income tax expense 2,120 1,962 4,366 4,123
Net income 20,267 17,773 39,330 35,979
Other comprehensive (loss) income, net of tax of $26, $48, $33 and $54 Foreign currency translation adjustments (87) 794 802 (6,951)
Total comprehensive income $ 20,180 $ 18,567 $ 40,132 $ 29,028
Net income per common share-basic $ 0.26 $ 0.23 $ 0.51 $ 0.46
Net income per common share-diluted $ 0.26 $ 0.22 $ 0.51 $ 0.45