v3.19.1
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
REVENUE:    
Total revenue $ 99,977 $ 115,596
OPERATING EXPENSES:    
Salary and employee benefits 10,899 8,972
Depreciation and amortization 8,925 3,767
Selling, general and administrative 6,750 7,790
Total operating expenses 99,011 107,718
Income from operations 966 7,878
OTHER INCOME (EXPENSES):    
Interest expense (9,363) (6,929)
Other, net 227 (4,126)
Total other expenses, net (9,136) (11,055)
Loss before income taxes (8,170) (3,177)
Income tax benefit (1,724) 0
Net loss $ (6,446) $ (3,177)
Loss per common share:    
Basic and diluted (in dollar per share) $ (0.10) $ (0.06)
PRO FORMA (C-corporation basis):    
Income tax benefit   $ (665)
Net loss   $ (2,512)
Loss per common share:    
Basic and diluted (in dollar per share)   $ (0.04)
Merchant card fees    
REVENUE:    
Total revenue $ 91,829 $ 108,010
OPERATING EXPENSES:    
Cost of services 67,871 82,813
Outsourced services and other    
REVENUE:    
Total revenue 8,148 7,586
Other    
OPERATING EXPENSES:    
Cost of services $ 4,566 $ 4,376

Source