v3.19.2
Condensed Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
REVENUE:        
Total revenue $ 107,425 $ 104,762 $ 207,402 $ 220,358
OPERATING EXPENSES:        
Salary and employee benefits 10,356 9,442 21,255 18,414
Depreciation and amortization 9,761 4,013 18,686 7,780
Selling, general and administrative 7,586 7,848 14,336 15,638
Total operating expenses 104,989 101,557 204,000 209,275
Income from operations 2,436 3,205 3,402 11,083
OTHER INCOME (EXPENSES):        
Interest expense (10,776) (7,630) (20,139) (14,559)
Other, net 138 (1,203) 365 (5,329)
Total other expenses, net (10,638) (8,833) (19,774) (19,888)
Loss before income taxes (8,202) (5,628) (16,372) (8,805)
Income tax expense 5,928 0 4,204 0
Net loss $ (14,130) $ (5,628) $ (20,576) $ (8,805)
Loss per common share:        
Basic and diluted (in dollar per share) $ (0.21) $ (0.10) $ (0.31) $ (0.15)
Weighted-average common shares outstanding:        
Basic and diluted (in shares) 67,094 56,568 67,161 57,556
PRO FORMA (C-corporation basis):        
Pro forma income tax benefit   $ (778)   $ (1,443)
Pro forma net loss   $ (4,850)   $ (7,362)
Pro forma loss per common share:        
Basic and diluted (in dollar per share)   $ (0.09)   $ (0.13)
Merchant card fees        
REVENUE:        
Total revenue $ 99,145 $ 96,736 $ 190,974 $ 204,746
OPERATING EXPENSES:        
Cost of services 72,609 75,587 140,480 158,400
Outsourced services and other        
REVENUE:        
Total revenue 8,280 8,026 16,428 15,612
OPERATING EXPENSES:        
Cost of services $ 4,677 $ 4,667 $ 9,243 $ 9,043

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