v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating revenues:    
Card revenues and other fees $ 100,969 $ 91,886
Processing and settlement service revenues 90,675 81,016
Interchange revenues 61,357 55,122
Total operating revenues 253,001 228,024
Total operating revenues    
Sales and marketing expenses 71,685 63,864
Compensation and benefits expenses 41,218 43,087
Processing expenses 40,942 28,513
Other general and administrative expenses 37,780 38,074
Total operating expenses 191,625 173,538
Operating income 61,376 54,486
Interest income 2,854 2,301
Interest expense (1,665) (4,781)
Income before income taxes 62,565 52,006
Income tax expense 21,811 19,124
Net income 40,754 32,882
Income attributable to preferred stock 0 (972)
Net income available to common stockholders $ 40,754 $ 31,910
Basic earnings per common share (in dollars per share) $ 0.81 $ 0.64
Diluted earnings per common share (in dollars per share) $ 0.78 $ 0.63
Basic weighted-average common shares issued and outstanding (shares) 50,458 49,863
Diluted weighted-average common shares issued and outstanding (shares) 52,497 50,867