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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues:        
Total operating revenues $ 316,240 $ 278,326 $ 678,409 $ 618,840
Operating expenses:        
Sales and marketing expenses 106,811 87,432 223,549 186,133
Compensation and benefits expenses 58,867 48,298 111,932 109,773
Processing expenses 71,371 49,222 142,466 100,854
Other general and administrative expenses 73,801 49,411 136,223 96,732
Total operating expenses 310,850 234,363 614,170 493,492
Operating income 5,390 43,963 64,239 125,348
Interest expense, net 443 66 684 1,670
Other income (expense), net 2,154 (99) 2,346 34
Income before income taxes 7,101 43,798 65,901 123,712
Income tax expense 3,807 9,106 15,762 24,977
Net income $ 3,294 $ 34,692 $ 50,139 $ 98,735
Basic earnings per common share (in usd per share) $ 0.06 $ 0.66 $ 0.95 $ 1.87
Diluted earnings per common share (in usd per share) $ 0.06 $ 0.64 $ 0.93 $ 1.82
Basic weighted-average common shares issued and outstanding (in shares) 52,275 52,588 52,084 52,818
Diluted weighted-average common shares issued and outstanding (in shares) 53,164 53,811 52,913 54,154
Card revenues and other fees        
Operating revenues $ 152,681 $ 121,613 $ 294,075 $ 251,190
Processing and settlement service revenues        
Operating revenues 65,450 67,073 188,516 174,652
Interchange revenues        
Operating revenues 95,970 81,334 186,836 173,875
Interest income, net        
Operating revenues $ 2,139 $ 8,306 $ 8,982 $ 19,123