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QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) | 12 Months Ended
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Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) | QUARTERLY CONSOLIDATED FINANCIAL INFORMATION (UNAUDITED) Summarized quarterly results for the years ended December 31, 2019 and 2018 were as follows:
| Quarters Ended
| March 31, 2019 |  | June 30, 2019 |  | September 30, 2019 |  | December 31, 2019
| (in thousands, except per share data)
Revenues | $ | 883,039 |  |  | $ | 935,152 |  |  | $ | 1,105,941 |  |  | $ | 1,987,760 |
Operating income | 199,492 |  |  | 221,726 |  |  | 174,037 |  |  | 196,162 |
Net income | 119,205 |  |  | 130,039 |  |  | 105,731 |  |  | 114,301 |
Net income attributable to Global Payments | 112,341 |  |  | 120,458 |  |  | 95,044 |  |  | 102,770 |
Basic earnings per share attributable to Global Payments | 0.71 |  |  | 0.77 |  |  | 0.54 |  |  | 0.34 |
Diluted earnings per share attributable to Global Payments | 0.71 |  |  | 0.77 |  |  | 0.54 |  |  | 0.34 |
| Quarters Ended
| March 31, 2018 |  | June 30, 2018 |  | September 30, 2018 |  | December 31, 2018
| (in thousands, except per share data)
Revenues | $ | 794,977 |  |  | $ | 833,164 |  |  | $ | 857,670 |  |  | $ | 880,555 |
Operating income | 156,170 |  |  | 190,737 |  |  | 223,162 |  |  | 166,986 |
Net income | 97,586 |  |  | 117,729 |  |  | 186,029 |  |  | 83,323 |
Net income attributable to Global Payments | 91,399 |  |  | 109,069 |  |  | 176,370 |  |  | 75,215 |
Basic earnings per share attributable to Global Payments | 0.57 |  |  | 0.69 |  |  | 1.12 |  |  | 0.48 |
Diluted earnings per share attributable to Global Payments | 0.57 |  |  | 0.68 |  |  | 1.11 |  |  | 0.47 |
The quarterly financial data in the table above reflect the effects of business combinations and borrowings to fund certain of those business combinations. Notably, we completed our merger with TSYS during the quarter ended September 30, 2019. Additionally, our consolidated results reflected incremental expenses associated with the acquisition and integration of acquired businesses. See "Note 2—Acquisitions" for further discussion of our acquisitions. Acquisition and integration expenses were $5.3 million, $14.2 million, $100.8 million and $135.3 million for the quarters ended March 31, 2019, June 30, 2019, September 30, 2019 and December 31, 2019, respectively. Acquisition and integration expenses were $18.3 million, $8.1 million, $8.2 million and $21.5 million for the quarters ended March 31, 2018, June 30, 2018, September 30, 2018 and December 31, 2018, respectively. Results for the quarter ended September 30, 2018 reflect the effects of a net income tax benefit of $23.3 million in connection with adjustments made to accounting estimates associated with the 2017 U.S. Tax Act as further discussed in "Note 9—Income Tax."

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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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