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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2018
Accounting Policies [Abstract]  
Schedule of Effects of ASC 606 Adoption on the Consolidated Statement of Income and Balance Sheet
The table below summarizes the effects of ASC 606 and ASC 340-40 on line items in our consolidated statement of income for the three months ended March 31, 2018 and our consolidated balance sheet as of March 31, 2018. There was no effect on net cash flows from operating, investing or financing activities for the period.
 
 
As Reported
 
Effects of New Accounting Standard
 
Without Effects of New Accounting Standard
 
 
 
 
 
 
 
 
 
(in thousands)
Statement of Income Items
 
 
 
 
 
 
Revenues (1)
 
$
794,977

 
$
250,593

 
$
1,045,570

Cost of service (2)
 
252,386

 
236,919

 
489,305

Selling, general and administrative expenses (3)
 
386,421

 
23,821

 
410,242

Provision for income taxes
 
(24,673
)
 
2,289

 
(22,384
)
 
 


 
 
 


Balance Sheet Items
 
 
 
 
 
 
Assets:
 
 
 
 
 
 
Accounts receivable, net of allowances for doubtful accounts
 
$
288,101

 
$
(1,436
)
 
$
286,665

Prepaid expenses and other current assets
 
213,841

 
485

 
214,326

Deferred income taxes
 
11,420

 
1,103

 
12,523

Other noncurrent assets (4)
 
323,019

 
(73,247
)
 
249,772

 
 
 
 
 
 
 
Liabilities:
 
 
 
 
 
 
Accounts payable and accrued liabilities
 
$
1,039,379

 
$
(156
)
 
$
1,039,223

Deferred income taxes (5)
 
452,470

 
(15,735
)
 
436,735

Other noncurrent liabilities
 
225,267

 
(465
)
 
224,802

 
 
 
 
 
 
 
Shareholders' Equity:
 
 
 
 
 
 
Retained earnings (6)
 
$
1,738,545

 
$
(58,734
)
 
$
1,679,811

Accumulated other comprehensive loss
 
(176,961
)
 
1,995

 
(174,966
)

(1) Reflects the presentation of revenue net of certain payments made to third parties, including payment networks, and the timing of revenue recognition related to certain of our customer contracts.
(2) Primarily reflects the presentation of payment network fees as a reduction of revenue and the capitalization and amortization of certain contract costs.
(3) Primarily reflects the presentation of certain payments made to third parties as a reduction of revenue and the capitalization and amortization of certain contract costs.
(4) Primarily reflects the capitalization and amortization of certain contract costs.
(5) Primarily reflects the income tax-effect of capitalization and amortization of certain contract costs.
(6) Reflects the cumulative effect of adopting the new accounting standard and the net effect thereof on the statement of income for the period presented.