v3.2.0.727
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating revenues:        
Card revenues and other fees $ 83,810 $ 60,892 $ 171,034 $ 129,059
Processing and settlement service revenues 39,416 45,491 126,537 91,767
Interchange revenues 47,635 42,655 102,361 89,869
Stock-based retailer incentive compensation (614) (2,022) (2,520) (4,410)
Total operating revenues 170,247 147,016 397,412 306,285
Total operating revenues        
Sales and marketing expenses 55,845 57,200 117,124 117,443
Compensation and benefits expenses 41,461 30,215 82,815 57,178
Processing expenses 27,120 17,285 57,720 39,364
Other general and administrative expenses 38,903 20,584 66,939 46,908
Total operating expenses 163,329 125,284 324,598 260,893
Operating income 6,918 21,732 72,814 45,392
Interest income 1,118 1,039 2,496 2,016
Interest expense (1,549) (29) (3,045) (45)
Income before income taxes 6,487 22,742 72,265 47,363
Income tax expense 2,991 8,399 27,956 17,715
Net income 3,496 14,343 44,309 29,648
Income attributable to preferred stock (99) (1,703) (1,263) (3,966)
Net income available to common stockholders $ 3,397 $ 12,640 $ 43,046 $ 25,682
Basic earnings per common share (in dollars per share) $ 0.07 $ 0.32 $ 0.83 $ 0.66
Diluted earnings per common share (in dollars per share) $ 0.06 $ 0.31 $ 0.83 $ 0.64
Basic weighted-average common shares issued and outstanding (shares) 51,811 39,394 51,631 38,433
Diluted weighted-average common shares issued and outstanding (shares) 52,275 40,052 52,104 39,466