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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | Selected Quarterly Financial Data (Unaudited)
Fiscal Quarters Year Ended December 31, 2018* |  | First |  | Second |  | Third |  | Fourth
Revenues, net |  | $ | 585,500 |  |  | $ | 584,985 |  |  | $ | 619,586 |  |  | $ | 643,422 |
Operating income |  | 260,087 |  |  | 264,783 |  |  | 281,090 |  |  | 284,738 |
Net income |  | 174,937 |  |  | 176,852 |  |  | 157,694 |  |  | 302,000 |
Basic earnings per share |  | $ | 1.95 |  |  | $ | 1.98 |  |  | $ | 1.78 |  |  | $ | 3.45 |
Diluted earnings per share |  | 1.88 |  |  | 1.91 |  |  | 1.71 |  |  | 3.33 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |
Basic shares |  | 89,765 |  |  | 89,169 |  |  | 88,456 |  |  | 87,636 |
Diluted shares |  | 93,250 |  |  | 92,702 |  |  | 92,081 |  |  | 90,703 |
Fiscal Quarters Year Ended December 31, 2017 |  | First |  | Second |  | Third |  | Fourth
Revenues, net |  | $ | 520,433 |  |  | $ | 541,237 |  |  | $ | 577,877 |  |  | $ | 609,991 |
Operating income |  | 195,068 |  |  | 216,043 |  |  | 232,637 |  |  | 240,012 |
Net income |  | 123,693 |  |  | 130,987 |  |  | 202,823 |  |  | 282,696 |
Earnings per share: |  |  |  |  |  |  |  |
Basic earnings per share |  | $ | 1.34 |  |  | $ | 1.42 |  |  | $ | 2.23 |  |  | $ | 3.15 |
Diluted earnings per share |  | 1.31 |  |  | 1.39 |  |  | 2.18 |  |  | 3.05 |
Weighted average shares outstanding: |  |  |  |  |  |  |  |
Basic shares |  | 92,108 |  |  | 92,013 |  |  | 90,751 |  |  | 89,676 |
Diluted shares |  | 94,560 |  |  | 94,223 |  |  | 93,001 |  |  | 92,623 |
*2018 quarterly amounts reflect the impact of the Company's adoption of ASC 606 and related cost capitalization guidance, which was adopted by the Company on January 1, 2018 using the modified retrospective transition method. The adoption of ASC 606 resulted in an adjustment to retained earnings in our consolidated balance sheet for the cumulative effect of applying the standard, which included costs incurred to obtain a contract, as well as presentation changes in our statements of income, including the classification of certain amounts previously classified as merchant commissions and processing expense net with revenues. 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 ASC 606. See footnote 2, "Summary of Significant Accounting Policies", in the accompanying notes to the audited consolidated financial statements. The sum of the quarterly earnings per common share amounts for 2018 and 2017 may not equal the earnings per common share for the 2018 and 2017 due to rounding. The fourth quarter of 2018 includes: the $152.8 million gain as a result of the sale of the Chevron portfolio, a write-off of capitalized software costs of $8.8 million, a legal settlement of $5.5 million and restructuring costs of $5.0 million. The fourth quarter of 2017 includes: the provisional net tax benefit of $128.2 million as a result of the Tax Act, an $11 million relating to a legal settlement, a $36.1 million impairment charge related to the Company’s minority investment in Masternaut, partially offset by a $31.8 million decrease in non-cash stock based compensation expense.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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