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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Total revenue $ 537,816 $ 571,686 $ 1,072,770 $ 1,117,051
Total cost of revenue (249,026) (269,947) (500,443) (520,609)
Gross profit 288,790 301,739 572,327 596,442
Selling, general and administrative expense (233,818) (245,359) (467,911) (492,989)
Restructuring and integration expense (11,064) (24,191) (24,868) (37,132)
Gain on sale of businesses and long-lived assets 15,401 21,942 23,982 21,942
Operating income 59,309 54,131 103,530 88,263
Interest expense (30,197) (31,932) (61,006) (61,948)
Other income, net 1,786 824 4,726 3,247
Income before income taxes 30,898 23,023 47,250 29,562
Income tax provision (10,401) (6,622) (15,923) (10,381)
Net income 20,497 16,401 31,327 19,181
Net income attributable to non-controlling interest (38) (26) (65) (54)
Net income attributable to Deluxe 20,459 16,375 31,262 19,127
Total comprehensive income 20,434 25,517 35,455 25,554
Comprehensive income attributable to Deluxe $ 20,396 $ 25,491 $ 35,390 $ 25,500
Basic earnings per share $ 0.46 $ 0.38 $ 0.71 $ 0.44
Diluted earnings per share $ 0.46 $ 0.37 $ 0.70 $ 0.44
Product [Member]        
Total revenue $ 309,225 $ 323,805 $ 609,536 $ 634,031
Total cost of revenue (115,170) (125,453) (229,505) (243,888)
Service [Member]        
Total revenue 228,591 247,881 463,234 483,020
Total cost of revenue $ (133,856) $ (144,494) $ (270,938) $ (276,721)