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CONDENSED CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 140,767 $ 120,707 $ 392,368 $ 332,031
Operating expenses:        
Service charges from agents and banks 93,658 81,416 262,717 222,654
Salaries and benefits 13,853 10,859 36,911 30,909
Other selling, general and administrative expenses 10,232 9,966 24,964 22,549
Depreciation and amortization 2,278 2,362 6,712 7,041
Total operating expenses 120,021 104,603 331,304 283,153
Operating income 20,746 16,104 61,064 48,878
Interest expense 1,466 968 3,530 3,562
Income before income taxes 19,280 15,136 57,534 45,316
Income tax provision 2,654 3,629 13,270 11,605
Net income 16,626 11,507 44,264 33,711
Other comprehensive loss (150) (151) (139) (139)
Comprehensive income $ 16,476 $ 11,356 $ 44,125 $ 33,572
Earnings per common share:        
Basic (in dollars per share) $ 0.44 $ 0.30 $ 1.16 $ 0.88
Diluted (in dollars per share) $ 0.43 $ 0.29 $ 1.14 $ 0.86
Weighted-average common shares outstanding:        
Basic (in shares) 37,390,632 38,647,931 37,999,709 38,441,767
Diluted (in shares) 38,425,868 39,336,051 38,907,283 39,071,622
Wire transfer and money order fees, net        
Revenues:        
Total revenues $ 120,718 $ 104,191 $ 336,340 $ 284,409
Foreign exchange gain, net        
Revenues:        
Total revenues 18,851 15,643 52,719 45,347
Other income        
Revenues:        
Total revenues $ 1,198 $ 873 $ 3,309 $ 2,275