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v3.3.1.900

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Income Statement [Abstract] |  |  |
Revenues, net | $ 1,702,865 | $ 1,199,390 | $ 895,171
Expenses: |  |  |
Merchant commissions | 108,257 | 96,254 | 68,143
Processing | 331,073 | 173,337 | 134,030
Selling | 109,075 | 75,527 | 57,346
General and administrative | 297,715 | 205,963 | 142,283
Depreciation and amortization | 193,453 | 112,361 | 72,737
Other operating, net | (4,242) | (29,501) |
Operating income | 667,534 | 565,449 | 420,632
Equity method investment loss | 57,668 | 8,586 |
Other expense (income), net | 2,523 | (700) | 602
Interest expense, net | 71,339 | 28,856 | 16,461
Loss on early extinguishment of debt |  | 15,764 |
Total other expense | 131,530 | 52,506 | 17,063
Income before income taxes | 536,004 | 512,943 | 403,569
Provision for income taxes | 173,573 | 144,236 | 119,068
Net income | $ 362,431 | $ 368,707 | $ 284,501
Earnings per share: |  |  |
Basic earnings per share | $ 3.94 | $ 4.37 | $ 3.48
Diluted earnings per share | $ 3.85 | $ 4.24 | $ 3.36
Weighted average shares outstanding: |  |  |
Basic weighted average shares outstanding | 92,023 | 84,317 | 81,793
Diluted weighted average shares outstanding | 94,139 | 86,982 | 84,655

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