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Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating revenues:        
Total operating revenues $ 230,577 $ 201,613 $ 803,924 $ 677,162
Operating expenses:        
Sales and marketing expenses 72,745 65,586 247,191 207,415
Compensation and benefits expenses 57,070 47,271 166,055 139,355
Processing expenses 43,654 34,027 138,442 119,723
Other general and administrative expenses 62,193 41,677 153,760 116,050
Total operating expenses 235,662 188,561 705,448 582,543
Operating income (5,085) 13,052 98,476 94,619
Interest income 6,153 2,635 17,542 7,812
Interest expense (1,388) (1,397) (4,530) (4,595)
(Loss) income before income taxes (320) 14,290 111,488 97,836
Income tax (benefit) expense (4,893) 651 7,057 24,177
Net income $ 4,573 $ 13,639 $ 104,431 $ 73,659
Basic earnings per common share (in usd per share) $ 0.09 $ 0.27 $ 2.01 $ 1.46
Diluted earnings per common share (in usd per share) $ 0.08 $ 0.26 $ 1.92 $ 1.40
Basic weighted-average common shares issued and outstanding (in shares) 52,580 50,519 52,046 50,330
Diluted weighted-average common shares issued and outstanding (in shares) 54,615 52,923 54,437 52,788
Card revenues and other fees        
Operating revenues:        
Total operating revenues $ 113,474 $ 100,781 $ 364,317 $ 309,090
Processing and settlement service revenues        
Operating revenues:        
Total operating revenues 43,043 36,681 203,901 179,031
Interchange revenues        
Operating revenues:        
Total operating revenues $ 74,060 $ 64,151 $ 235,706 $ 189,041