v3.19.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
REVENUE:      
Total revenue $ 424,415 $ 425,619 $ 344,114
OPERATING EXPENSES:      
Salary and employee benefits 38,324 32,357 32,330
Depreciation and amortization 19,740 14,674 14,733
Selling, general and administrative 32,081 22,545 16,856
Changes in fair value of contingent consideration 0 (410) (2,665)
Total operating expenses 404,496 390,370 318,274
Income from operations 19,919 35,249 25,840
OTHER (EXPENSES) INCOME:      
Interest expense (29,935) (25,058) (4,777)
Other, net (6,784) (5,597) (877)
Total other expenses (36,719) (30,655) (5,654)
(Loss) income before income taxes (16,800) 4,594 20,186
Income tax benefit (Note 9) (1,759) 0 0
Net (loss) income $ (15,041) $ 4,594 $ 20,186
(Loss) income per common share: (Note 17)      
Basic and diluted (USD per share) $ (0.24) $ 0.06 $ 0.15
Weighted-average common shares outstanding: (Note 17)      
Weighted-average common shares outstanding - basic and diluted (in shares) 61,607 67,144 131,706
PRO FORMA (C-corporation basis): (Note 9)      
Pro forma income tax (benefit) expense (unaudited) $ (2,619) $ 1,530  
Pro forma net (loss) income (unaudited) $ (14,181) $ 3,064  
(Loss) earnings per common share:      
Basic and diluted (unaudited) (in dollars per share) $ (0.23) $ 0.04  
Merchant card fees revenue      
REVENUE:      
Total revenue $ 392,033 $ 398,988 $ 321,091
OPERATING EXPENSES:      
Cost of services 296,223 305,461 243,049
Changes in fair value of contingent consideration 0 (410) (2,665)
Outsourced services and other      
REVENUE:      
Total revenue 32,382 26,631 23,023
Other      
OPERATING EXPENSES:      
Cost of services $ 18,128 $ 15,743 $ 13,971

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