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v3.19.2

Condensed Consolidated Statements of Operations - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 | Jun. 30, 2018 | Jun. 30, 2019 | Jun. 30, 2018
REVENUE: |  |  |  |
Total revenue | $ 107,425 | $ 104,762 | $ 207,402 | $ 220,358
OPERATING EXPENSES: |  |  |  |
Salary and employee benefits | 10,356 | 9,442 | 21,255 | 18,414
Depreciation and amortization | 9,761 | 4,013 | 18,686 | 7,780
Selling, general and administrative | 7,586 | 7,848 | 14,336 | 15,638
Total operating expenses | 104,989 | 101,557 | 204,000 | 209,275
Income from operations | 2,436 | 3,205 | 3,402 | 11,083
OTHER INCOME (EXPENSES): |  |  |  |
Interest expense | (10,776) | (7,630) | (20,139) | (14,559)
Other, net | 138 | (1,203) | 365 | (5,329)
Total other expenses, net | (10,638) | (8,833) | (19,774) | (19,888)
Loss before income taxes | (8,202) | (5,628) | (16,372) | (8,805)
Income tax expense | 5,928 | 0 | 4,204 | 0
Net loss | $ (14,130) | $ (5,628) | $ (20,576) | $ (8,805)
Loss per common share: |  |  |  |
Basic and diluted (in dollar per share) | $ (0.21) | $ (0.10) | $ (0.31) | $ (0.15)
Weighted-average common shares outstanding: |  |  |  |
Basic and diluted (in shares) | 67,094 | 56,568 | 67,161 | 57,556
PRO FORMA (C-corporation basis): |  |  |  |
Pro forma income tax benefit |  | $ (778) |  | $ (1,443)
Pro forma net loss |  | $ (4,850) |  | $ (7,362)
Pro forma loss per common share: |  |  |  |
Basic and diluted (in dollar per share) |  | $ (0.09) |  | $ (0.13)
Merchant card fees |  |  |  |
REVENUE: |  |  |  |
Total revenue | $ 99,145 | $ 96,736 | $ 190,974 | $ 204,746
OPERATING EXPENSES: |  |  |  |
Cost of services | 72,609 | 75,587 | 140,480 | 158,400
Outsourced services and other |  |  |  |
REVENUE: |  |  |  |
Total revenue | 8,280 | 8,026 | 16,428 | 15,612
OPERATING EXPENSES: |  |  |  |
Cost of services | $ 4,677 | $ 4,667 | $ 9,243 | $ 9,043

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