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v3.5.0.2

Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Income Statement [Abstract] |  |  |  |
Revenues, net | $ 484,426 | $ 451,493 | $ 1,316,593 | $ 1,272,264
Expenses: |  |  |  |
Merchant commissions | 28,214 | 31,726 | 78,755 | 80,777
Processing | 96,233 | 90,959 | 256,738 | 246,879
Selling | 34,180 | 27,383 | 92,680 | 81,011
General and administrative | 77,904 | 66,142 | 209,084 | 199,252
Depreciation and amortization | 57,084 | 48,526 | 141,848 | 145,435
Other operating, net | (244) | (1,703) | (690) | (2,475)
Operating income | 191,055 | 188,460 | 538,178 | 521,385
Equity method investment loss (income) | 2,744 | 6,108 | (2,247) | 13,926
Other expense (income), net | 293 | (168) | 1,056 | 2,345
Interest expense, net | 17,814 | 17,163 | 49,905 | 54,818
Total other expense | 20,851 | 23,103 | 48,714 | 71,089
Income before income taxes | 170,204 | 165,357 | 489,464 | 450,296
Provision for income taxes | 40,586 | 48,587 | 132,503 | 140,695
Net income | $ 129,618 | $ 116,770 | $ 356,961 | $ 309,601
Earnings per share: |  |  |  |
Basic earnings per share (in dollars per share) | $ 1.40 | $ 1.27 | $ 3.85 | $ 3.37
Diluted earnings per share (in dollars per share) | $ 1.36 | $ 1.24 | $ 3.75 | $ 3.29
Weighted average shares outstanding: |  |  |  |
Basic weighted average shares outstanding (in shares) | 92,631 | 92,110 | 92,604 | 91,923
Diluted weighted average shares outstanding (in shares) | 95,307 | 94,157 | 95,204 | 94,069

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