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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Interest income:        
Loan interest $ 229,063 $ 232,320 $ 709,618 $ 653,414
Investment interest 9,882 7,628 26,701 18,581
Total interest income 238,945 239,948 736,319 671,995
Interest expense:        
Interest on bonds and notes payable 172,488 180,175 551,221 487,174
Net interest income 66,457 59,773 185,098 184,821
Less provision for loan losses 10,000 10,500 26,000 18,000
Net interest income after provision for loan losses 56,457 49,273 159,098 166,821
Other income:        
Other income 13,439 16,673 38,658 44,808
Derivative market value adjustments and derivative settlements, net 1,668 17,098 (33,959) 100,927
Total other income 219,114 216,577 607,391 671,699
Cost of services:        
Total cost of services 30,907 23,397 77,697 55,979
Operating expenses:        
Salaries and benefits 116,670 114,172 338,942 321,932
Depreciation and amortization 27,701 22,992 76,398 62,943
Loan servicing fees to third parties 3,382 3,087 9,431 9,428
Other expenses 54,947 45,194 138,131 119,020
Total operating expenses 202,700 185,445 562,902 513,323
Income before income taxes 41,964 57,008 125,890 269,218
Income tax expense 8,829 13,882 26,429 63,369
Net income 33,135 43,126 99,461 205,849
Net loss (income) attributable to noncontrolling interests 77 (199) (38) 438
Net income attributable to Nelnet, Inc. $ 33,212 $ 42,927 $ 99,423 $ 206,287
Earnings per common share:        
Net income attributable to Nelnet, Inc. shareholders - basic and diluted (in dollars per share) $ 0.83 $ 1.05 $ 2.48 $ 5.04
Weighted average common shares outstanding - basic and diluted (in shares) 39,877,129 40,988,965 40,098,346 40,942,177
Loan servicing and systems revenue        
Other income:        
Revenue $ 113,286 $ 112,579 $ 342,169 $ 327,265
Education technology, services, and payment processing revenue        
Other income:        
Revenue 74,251 58,409 213,753 167,372
Cost of services:        
Total cost of services 25,671 19,087 62,601 44,087
Communications        
Other income:        
Revenue 16,470 11,818 46,770 31,327
Cost of services:        
Total cost of services $ 5,236 $ 4,310 $ 15,096 $ 11,892