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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Wire transfer and money order fees $ 70,490 $ 59,368 $ 128,941 $ 107,222
Foreign exchange 11,623 10,585 21,025 18,316
Other income 562 426 1,058 797
Total revenues 82,675 70,379 151,024 126,335
Operating expenses:        
Service charges from agents and banks 54,622 46,323 100,191 84,260
Salaries and benefits 7,597 7,441 15,194 13,673
Other selling, general and administrative expenses 5,337 4,184 11,061 8,185
Transaction costs 0 2,553 0 4,014
Depreciation and amortization 3,155 3,818 6,307 7,607
Total operating expenses 70,711 64,319 132,753 117,739
Operating income 11,964 6,060 18,271 8,596
Interest expense 2,288 3,392 4,358 6,676
Income before income taxes 9,676 2,668 13,913 1,920
Income tax provision 2,602 824 3,683 616
Net income 7,074 1,844 10,230 1,304
Other comprehensive income (loss) 35 (36) 43 (15)
Comprehensive income $ 7,109 $ 1,808 $ 10,273 $ 1,289
Income per common share:        
Basic and diluted (in dollars per share) $ 0.19 $ 0.11 $ 0.28 $ 0.08
Weighted-average common shares outstanding:        
Basic (in shares) 37,505,598 17,227,682 36,847,845 17,227,682
Diluted (in shares) 37,594,151 17,227,682 36,898,462 17,227,682