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Quarterly Consolidated Financial Information (Unaudited) | 12 Months Ended
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May. 31, 2015
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Consolidated Financial Information (Unaudited) | QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) Summarized quarterly results for the years ended May 31, 2015 and 2014 are as follows (in thousands, except per share data):
| Quarter Ended
| August 31 |  | November 30 |  | February 28 |  | May 31
Fiscal 2015 |  |  |  |  |  |  |
Revenues | $ | 704,895 |  |  | $ | 697,291 |  |  | $ | 664,983 |  |  | $ | 706,549 |
Operating income | 124,398 |  |  | 123,984 |  |  | 104,615 |  |  | 103,600 |
Net income | 84,434 |  |  | 85,256 |  |  | 69,315 |  |  | 70,110 |
Net income attributable to Global Payments | 75,366 |  |  | 74,781 |  |  | 62,568 |  |  | 65,325 |
Basic earnings per share attributable to Global Payments | 0.55 |  |  | 0.55 |  |  | 0.47 |  |  | 0.50 |
Diluted earnings per share attributable to Global Payments | 0.55 |  |  | 0.55 |  |  | 0.46 |  |  | 0.49 |
| Quarter Ended
| August 31 |  | November 30 |  | February 28 |  | May 31
Fiscal 2014 |  |  |  |  |  |  |
Revenues | $ | 629,685 |  |  | $ | 634,122 |  |  | $ | 616,452 |  |  | $ | 673,977 |
Operating income | 107,384 |  |  | 111,907 |  |  | 97,291 |  |  | 88,917 |
Net income | 71,708 |  |  | 79,857 |  |  | 60,121 |  |  | 58,266 |
Net income attributable to Global Payments | 64,643 |  |  | 73,897 |  |  | 55,121 |  |  | 51,625 |
Basic earnings per share attributable to Global Payments | 0.44 |  |  | 0.51 |  |  | 0.38 |  |  | 0.37 |
Diluted earnings per share attributable to Global Payments | 0.44 |  |  | 0.51 |  |  | 0.38 |  |  | 0.36 |
Operating income, net income, net income attributable to Global Payments and basic and diluted earnings per share for the quarter ended May 31, 2015 include the effects of employee termination costs of $6.3 million (pre-tax) and a $1.2 million (pre-tax) charge for a transaction tax associated with the acquisition of Realex. Net income, net income attributable to Global Payments and basic and diluted earnings per share for the quarter ended May 31, 2015 also include the effect of the reversal of interest expense of $3.6 million (pre-tax) that had been previously accrued related to a previously unrecognized tax benefit. An out-of period immaterial correction related to the measurement of certain deferred tax assets was recorded in the quarter ended May 31, 2015 as a charge to income tax expense of $14.3 million ($6.8 million of which related to the quarter ended August 31, 2014). This charge was offset by a corresponding income tax benefit recorded in the quarter ended May 31, 2015 related to a change in judgment regarding the tax rate at which those same deferred tax assets were expected to be realized in conjunction with the recognition of the previously unrecognized tax benefit related to an uncertain tax position in a foreign jurisdiction. See "Note 8 – Income Tax" for further information. Both amounts are included in the foreign income taxes line of the reconciliation between the federal statutory rate and the effective tax rate for the year ended May 31, 2015 in "Note 8 - Income Tax."

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- Definition The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e765-108305 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=51655806&loc=d3e725-108305 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 6 -Section G -Subsection 1 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 302 -Paragraph a + Details
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