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Unaudited Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2018 | [1] | Mar. 31, 2017
Income Statement [Abstract] |  |  |
Revenues, net | $ 585,500 |  | $ 520,433
Expenses: |  |  |
Merchant commissions | 0 |  | 24,384
Processing | 116,485 |  | 101,824
Selling | 47,111 |  | 38,837
General and administrative | 90,315 |  | 95,454
Depreciation and amortization | 71,502 |  | 64,866
Operating income | 260,087 |  | 195,068
Investment loss | 0 | [2] | 2,377
Other (income) expense, net | (297) |  | 2,196
Interest expense, net | 31,065 |  | 23,127
Total other expense | 30,768 |  | 27,700
Income before income taxes | 229,319 |  | 167,368
Provision for income taxes | 54,382 |  | 43,675
Net income | $ 174,937 | [2] | $ 123,693
Earnings per share: |  |  |
Basic earnings per share (in dollars per share) | $ 1.95 |  | $ 1.34
Diluted earnings per share (in dollars per share) | $ 1.88 |  | $ 1.31
Weighted average shares outstanding: |  |  |
Basic weighted average shares outstanding (in shares) | 89,765 |  | 92,108
Diluted weighted average shares outstanding (in shares) | 93,250 |  | 94,560
[1] | Reflects the January 1, 2018 adoption of Accounting Standards Update 2014-09, "Revenue from Contracts with Customers (Topic 606)" using the modified retrospective transition method. As a result of the application of the modified retrospective transition method, the Company's prior period results within its annual report on Form 10-K and quarterly reports on Form 10-Q will not be restated to reflect the impact of Topic 606. See footnote 1.
[2] | Reflects the impact of the Company's adoption of Accounting Standards Update 2016-18, Statement of Cash Flows (Topic 230), which was adopted by the Company on January 1, 2018 and applied retrospectively to results for 2017. The adoption of Topic 230 resulted in the statement of cash flows presenting the changes in the total of cash, cash equivalents and restricted cash. As a result, the Company will no longer present transfers between cash and cash equivalents and restricted cash in the consolidated statement of cash flows.

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