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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Operating revenues:        
Operating revenues $ 355,920 $ 352,079 $ 761,624 $ 743,791
Interest income, net 9,956 10,690 20,632 19,595
Total operating revenues 365,876 362,769 782,256 763,386
Operating expenses:        
Sales and marketing expenses 62,823 77,376 138,035 160,902
Compensation and benefits expenses 64,985 57,611 133,766 123,875
Processing expenses 153,126 112,388 298,180 224,480
Other general and administrative expenses 80,156 91,455 156,494 178,598
Total operating expenses 361,090 338,830 726,475 687,855
Operating income 4,786 23,939 55,781 75,531
Interest expense, net 238 29 1,882 116
Other expense, net (2,224) (4,038) (5,248) (4,808)
Income before income taxes 2,324 19,872 48,651 70,607
Income tax expense 1,746 4,864 12,061 16,975
Net income $ 578 $ 15,008 $ 36,590 $ 53,632
Basic earnings per common share (in usd per share) $ 0.01 $ 0.28 $ 0.70 $ 0.98
Diluted earnings per common share (in usd per share) $ 0.01 $ 0.27 $ 0.70 $ 0.97
Basic weighted-average common shares issued and outstanding (in shares) 52,193 53,928 52,004 54,240
Diluted weighted-average common shares issued and outstanding (in shares) 52,437 54,389 52,201 54,855
Card revenues and other fees        
Operating revenues:        
Operating revenues $ 242,107 $ 218,574 $ 481,973 $ 431,402
Cash processing revenues        
Operating revenues:        
Operating revenues 53,846 57,467 155,669 157,495
Interchange revenues        
Operating revenues:        
Operating revenues $ 59,967 $ 76,038 $ 123,982 $ 154,894