v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
Revenues        
Fleet payment solutions $ 136,874 $ 117,877 $ 393,953 $ 341,709
Other payment solutions 54,651 43,090 141,227 112,444
Total revenues 191,525 160,967 535,180 454,153
Expenses        
Salary and other personnel 41,469 28,823 122,193 87,501
Service fees 29,352 28,968 79,765 74,046
Provision for credit losses 5,015 5,647 13,686 14,874
Technology leasing and support 6,799 4,577 18,712 13,718
Occupancy and equipment 3,822 3,032 11,818 9,062
Depreciation, amortization and impairment 14,160 27,877 43,268 50,591
Operating interest expense 976 1,243 3,205 3,430
Cost of hardware and equipment sold 1,055 759 3,266 2,270
Other 10,984 8,764 33,763 26,541
Total operating expenses 113,632 109,690 329,676 282,033
Operating income 77,893 51,277 205,504 172,120
Financing interest expense (7,369) (2,302) (22,077) (6,877)
Gain (loss) on foreign currency transactions 2,968 180 1,708 (312)
Net realized and unrealized loss on fuel price derivatives (3,640) (14,026) (2,781) (12,046)
Decrease in tax refund due to former shareholders of RD Card Holdings Australia 0 0 0 9,750
Decrease in amount due under tax receivable agreement 150 0 150 0
Income before income taxes 70,002 35,129 182,504 162,635
Income taxes 26,224 20,845 68,097 94,780
Net income 43,778 14,284 114,407 67,855
Less: Net loss from noncontrolling interest (60) (14) (333) (14)
Net earnings attributable to WEX Inc. $ 43,838 $ 14,298 $ 114,740 $ 67,869
Net earnings attributable to WEX Inc. per share:        
Basic (in dollars per share) $ 1.12 $ 0.37 $ 2.95 $ 1.75
Diluted (in dollars per share) $ 1.12 $ 0.37 $ 2.93 $ 1.74
Weighted average common shares outstanding:        
Basic (in shares) 38,978 38,793 38,934 38,832
Diluted (in shares) 39,081 38,995 39,102 39,084