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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Interest income:      
Loan interest $ 757,731 $ 751,280 $ 726,258
Investment interest 12,695 9,466 7,851
Total interest income 770,426 760,746 734,109
Interest expense:      
Interest on bonds and notes payable 465,188 388,183 302,210
Net interest income 305,238 372,563 431,899
Less provision for loan losses 14,450 13,500 10,150
Net interest income after provision for loan losses 290,788 359,063 421,749
Other income:      
Loan systems and servicing revenue 223,000 214,846 239,858
Tuition payment processing, school information, and campus commerce revenue 145,751 132,730 120,365
Communications revenue 25,700 17,659 0
Enrollment services revenue 0 4,326 51,073
Other income 52,826 53,929 47,262
Gain on sale of loans and debt repurchases, net 2,902 7,981 5,153
Derivative market value and foreign currency transaction adjustments and derivative settlements, net (18,554) 49,795 4,401
Total other income 431,625 481,266 468,112
Operating expenses:      
Salaries and benefits 301,885 255,924 247,914
Depreciation and amortization 39,541 33,933 26,343
Loan servicing fees 22,734 25,750 30,213
Cost to provide communications services 9,950 6,866 0
Cost to provide enrollment services 0 3,623 41,733
Other expenses 121,619 115,419 123,014
Total operating expenses 495,729 441,515 469,217
Income before income taxes 226,684 398,814 420,644
Income tax expense 64,863 141,313 152,380
Net income 161,821 257,501 268,264
Net loss (income) attributable to noncontrolling interests 11,345 (750) (285)
Net income attributable to Nelnet, Inc. $ 173,166 $ 256,751 $ 267,979
Earnings per common share:      
Net income attributable to Nelnet, Inc. shareholders - basic and diluted (in dollars per share) $ 4.14 $ 6.02 $ 5.89
Weighted average common shares outstanding - basic and diluted (in shares) 41,791,941 42,669,070 45,529,340