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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified |
3 Months Ended | 6 Months Ended | ||
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Jun. 30, 2013
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Jun. 30, 2012
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Jun. 30, 2013
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Jun. 30, 2012
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| Operating revenues | ||||
| Card revenues and other fees | $ 55,029 | $ 57,862 | $ 119,697 | $ 119,084 |
| Cash transfer revenues | 45,633 | 40,246 | 89,968 | 79,889 |
| Interchange revenues | 41,913 | 39,528 | 88,669 | 83,034 |
| Stock-based retailer incentive compensation | (1,967) | (2,593) | (3,576) | (5,783) |
| Total operating revenues | 140,608 | 135,043 | 294,758 | 276,224 |
| Operating expenses | ||||
| Sales and marketing expenses | 51,680 | 53,014 | 107,857 | 105,586 |
| Compensation and benefits expenses | 31,200 | 27,880 | 62,954 | 54,033 |
| Processing expenses | 19,948 | 19,016 | 41,947 | 39,866 |
| Other General and Administrative Expense | 20,425 | 17,998 | 41,305 | 33,966 |
| Total operating expenses | 123,253 | 117,908 | 254,063 | 233,451 |
| Operating Income (Loss) | 17,355 | 17,135 | 40,695 | 42,773 |
| Interest income | 855 | 1,185 | 1,674 | 2,144 |
| Interest expense | (16) | (17) | (33) | (41) |
| Income before income taxes | 18,194 | 18,303 | 42,336 | 44,876 |
| Income Tax Expense (Benefit) | 6,890 | 7,434 | 15,445 | 17,639 |
| Net Income | 11,304 | 10,869 | 26,891 | 27,237 |
| Income attributable to preferred stock | (1,798) | (1,756) | (4,289) | (4,406) |
| Net income allocated to common stockholders | $ 9,506 | $ 9,113 | $ 22,602 | $ 22,831 |
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Common Class A [Member]
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| Earnings per common share | ||||
| Earnings Per Share, Basic, Undistributed | $ 0.26 | $ 0.26 | $ 0.63 | $ 0.64 |
| Diluted Earnings Per Share | $ 0.25 | $ 0.25 | $ 0.61 | $ 0.62 |
| Weighted-average common shares issued and outstanding | ||||
| Basic | 31,463 | 29,098 | 31,208 | 28,968 |
| Diluted | 36,686 | 35,746 | 36,458 | 35,810 |
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Common Class B [Member]
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| Earnings per common share | ||||
| Earnings Per Share, Basic, Undistributed | $ 0.26 | $ 0.26 | $ 0.63 | $ 0.64 |
| Diluted Earnings Per Share | $ 0.25 | $ 0.25 | $ 0.61 | $ 0.62 |
| Weighted-average common shares issued and outstanding | ||||
| Basic | 3,917 | 5,171 | 4,006 | 5,200 |
| Diluted | 4,975 | 6,640 | 5,086 | 6,830 |
| X | ||||||||||
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- Definition
Card revenues consist of new card fees, monthly maintenance fees, ATM fees and other revenues. We charge new card fees when a consumer purchases a GPR or gift card in a retail store. We charge maintenance fees on GPR cards to cardholders on a monthly basis pursuant to the terms and conditions in our cardholder agreements. We charge ATM fees to cardholders when they withdraw money or conduct other transactions at certain ATMs in accordance with the terms and conditions in our cardholder agreements. Other revenues consist primarily of fees associated with optional products or services, which we generally offer to consumers during the card activation process. Other fees include banking related revenue. No definition available.
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| X | ||||||||||
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- Definition
We earn cash transfer revenues when consumers purchase and use a MoneyPak or fund their cards through a POS swipe reload transaction in a retail store. No definition available.
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| X | ||||||||||
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- Definition
We earn interchange revenues from fees remitted by the merchant’s bank, which are based on rates established by the payment networks, when cardholders make purchase transactions using our cards. No definition available.
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| X | ||||||||||
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- Definition
We recognize the fair value of shares issued to retail distributors on the vesting date or as our right to repurchase lapses, as applicable. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The amount of expense in the period for communications and data processing expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The earnings attributable to each security on the basis that all of the earnings for the period had been distributed (to the extent that each security may share in earnings). This is the earnings amount which reflects the participation rights in undistributed earnings of each security. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The earnings attributable to each security on the basis that all of the earnings for the period had been distributed (to the extent that each security may share in earnings). This is the earnings amount which reflects the participation rights in undistributed earnings of each security, after giving effect to all dilutive potential common shares outstanding during the period. No definition available.
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| X | ||||||||||
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- Definition
The portion of earnings or loss from continuing operations before income taxes that is attributable to domestic operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The sum of the current income tax expense or benefit and the deferred income tax expense or benefit pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Interest expense on all other items not previously classified. For example, includes dividends associated with redeemable preferred stock of a subsidiary that is treated as a liability in the parent's consolidated balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Amount of interest income earned from interest bearing assets not separately disclosed. No definition available.
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| X | ||||||||||
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- Definition
The aggregate amount of expenditures for salaries, wages, profit sharing and incentive compensation, and other employee benefits, including equity-based compensation, and pension and other postretirement benefit expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The net result for the period of deducting operating expenses from operating revenues. No definition available.
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| X | ||||||||||
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- Definition
The sum of expenses not otherwise specified in the taxonomy for managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate value of preferred stock dividends and other adjustments necessary to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Details
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| X | ||||||||||
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- Definition
The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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| X | ||||||||||
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- Definition
The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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