XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:    
Wire transfer and money order fees $ 58,451 $ 47,854
Foreign exchange 9,402 7,731
Other income 496 371
Total revenues 68,349 55,956
Operating expenses:    
Service charges from agents and banks 45,569 37,937
Salaries and benefits 7,597 6,223
Other selling, general and administrative expenses 5,723 4,009
Transaction costs 0 1,461
Depreciation and amortization 3,152 3,789
Total operating expenses 62,041 53,419
Operating income 6,308 2,537
Interest expense 2,071 3,284
Income (loss) before income taxes 4,237 (747)
Income tax provision (benefit) 1,081 (207)
Net income (loss) 3,156 (540)
Other comprehensive income 8 21
Comprehensive income (loss) $ 3,164 $ (519)
Income (loss) per common share:    
Basic and diluted (in dollars per share) $ 0.09 $ (0.03)
Weighted-average common shares outstanding:    
Basic (in shares) 36,182,783 17,227,682
Diluted (in shares) 36,195,463 17,227,682