XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating revenues:    
Operating revenues $ 405,704 $ 391,712
Interest income, net 10,676 8,905
Total operating revenues 416,380 400,617
Operating expenses:    
Sales and marketing expenses 75,212 83,526
Compensation and benefits expenses 68,781 66,264
Processing expenses 145,054 112,092
Other general and administrative expenses 76,338 87,143
Total operating expenses 365,385 349,025
Operating income 50,995 51,592
Interest expense, net 1,644 87
Other expense, net (3,024) (770)
Income before income taxes 46,327 50,735
Income tax expense 10,315 12,111
Net income $ 36,012 $ 38,624
Basic earnings per common share (in usd per share) $ 0.70 $ 0.70
Diluted earnings per common share (in usd per share) $ 0.69 $ 0.70
Basic weighted-average common shares issued and outstanding (in shares) 51,813 54,556
Diluted weighted-average common shares issued and outstanding (in shares) 52,021 55,230
Card revenues and other fees    
Operating revenues:    
Operating revenues $ 239,866 $ 212,828
Cash processing revenues    
Operating revenues:    
Operating revenues 101,823 100,028
Interchange revenues    
Operating revenues:    
Operating revenues $ 64,015 $ 78,856