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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues [Abstract]        
Payment processing revenue $ 146,182 $ 133,198 $ 383,319 $ 378,714
Account servicing revenue 58,815 39,578 150,770 115,000
Finance fee revenue 36,138 23,502 92,348 64,094
Other revenue 46,621 29,779 101,184 84,187
Total revenues 287,756 226,057 727,621 641,995
Expenses        
Salary and other personnel 76,706 57,174 206,778 174,682
Restructuring 2,531 (45) 7,626 8,514
Service fees 53,415 36,924 136,098 100,935
Provision for credit losses 9,489 6,635 19,849 14,532
Technology leasing and support 12,517 10,157 34,525 29,612
Occupancy and equipment 7,271 5,240 19,096 15,271
Depreciation and amortization 46,008 20,778 91,381 62,924
Operating interest expense 2,599 1,483 5,490 4,419
Cost of hardware and equipment sold 859 706 2,429 2,499
Other 21,793 19,260 57,018 50,919
Gain on divestiture 0 0 0 (1,215)
Total operating expenses 233,188 158,312 580,290 463,092
Operating income 54,568 67,745 147,331 178,903
Financing interest expense (35,064) (11,330) (87,040) (35,334)
Net foreign currency gain (loss) 5,932 6,525 17,233 (12)
Net realized and unrealized gain on fuel price derivative instruments 0 7,922 711 4,671
Non-cash adjustments related to tax receivable agreement (168) 1,634 (168) 1,634
Income before income taxes 25,268 72,496 78,067 149,862
Income taxes 6,065 30,714 23,730 61,647
Net income 19,203 41,782 54,337 88,215
Less: Net (loss) gain attributable to non-controlling interests (493) 203 (1,013) (2,201)
Net earnings attributable to WEX Inc. 19,696 41,579 55,350 90,416
Accretion of non-controlling interest 0 (9,413) 0 (9,413)
Net earnings attributable to shareholders $ 19,696 $ 32,166 $ 55,350 $ 81,003
Net earnings attributable to shareholders per share:        
Basic (in dollars per share) $ 0.46 $ 0.83 $ 1.38 $ 2.09
Diluted (in dollars per share) $ 0.46 $ 0.83 $ 1.38 $ 2.08
Weighted average common shares outstanding:        
Basic (in shares) 42,788 38,745 40,126 38,780
Diluted (in shares) 42,871 38,808 40,199 38,852