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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating revenues:    
Total operating revenues $ 362,169 $ 340,514
Operating expenses:    
Sales and marketing expenses 116,738 98,701
Compensation and benefits expenses 53,065 61,475
Processing expenses 71,095 51,632
Other general and administrative expenses 62,422 47,321
Total operating expenses 303,320 259,129
Operating income 58,849 81,385
Interest expense, net 49 1,471
Income before income taxes 58,800 79,914
Income tax expense 11,955 15,871
Net income $ 46,845 $ 64,043
Basic earnings per common share (in usd per share) $ 0.89 $ 1.21
Diluted earnings per common share (in usd per share) $ 0.87 $ 1.17
Basic weighted-average common shares issued and outstanding (in shares) 51,894 53,050
Diluted weighted-average common shares issued and outstanding (in shares) 52,673 54,551
Card revenues and other fees    
Operating revenues $ 141,394 $ 129,577
Processing and settlement service revenues    
Operating revenues 123,066 107,579
Interchange revenues    
Operating revenues 90,866 92,541
Interest income, net    
Operating revenues $ 6,843 $ 10,817