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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE (LOSS) INCOME - USD ($)
$ in Thousands
1 Months Ended 11 Months Ended 12 Months Ended
Jan. 31, 2017
Dec. 31, 2017
Dec. 31, 2019
Dec. 31, 2018
Revenues:        
Wire transfer and money order fees $ 11,877 $ 169,796 $ 273,081 $ 232,380
Foreign exchange 2,450 30,014 44,268 39,765
Other income 98 1,229 2,252 1,756
Total revenues 14,425 201,039 319,601 273,901
Operating expenses:        
Service charges from agents and banks 9,441 135,569 212,670 182,471
Salaries and benefits 4,530 23,417 30,705 32,926
Other selling, general and administrative expenses 1,062 14,894 27,095 19,442
Transaction costs 3,917 8,706 0 10,319
Depreciation and amortization 382 16,645 12,689 15,671
Total operating expenses 19,332 199,231 283,159 260,829
Operating income (loss) (4,907) 1,808 36,442 13,072
Interest expense 614 11,448 8,510 18,448
Income (loss) before income taxes (5,521) (9,640) 27,932 (5,376)
Income tax provision (benefit) (2,203) 534 8,323 1,868
Net income (loss) (3,318) (10,174) 19,609 (7,244)
Other comprehensive income (loss) (3) (2) 95 0
Comprehensive income (loss) $ (3,321) $ (10,176) $ 19,704 $ (7,244)
Earnings (loss) per common share:        
Basic and diluted (in dollars per share)   $ (0.59) $ 0.52 $ (0.28)
Weighted-average common shares outstanding:        
Basic (in shares)   17,227,682 37,428,345 25,484,386
Diluted (in shares)   17,227,682 37,594,158 25,484,386