| Dec'19 | Dec'18 | Dec'17 | Dec'16 | |||
|---|---|---|---|---|---|---|
Revenues: | ||||||
Wire transfer and money order fees | ||||||
273,081 | 232,380 | 169,796 | - | |||
Foreign exchange | ||||||
44,268 | 39,765 | 30,014 | - | |||
Other income | ||||||
2,252 | 1,756 | 1,229 | - | |||
Total revenues | ||||||
319,601 | 273,901 | 201,039 | - | |||
Operating expenses: | ||||||
Service charges from agents and banks | ||||||
212,670 | 182,471 | 135,569 | - | |||
Salaries and benefits | ||||||
30,705 | 32,926 | 23,417 | - | |||
Other selling, general and administrative expenses | ||||||
27,095 | 19,442 | 14,894 | - | |||
Transaction costs | ||||||
0 | 10,319 | 8,706 | - | |||
Depreciation and amortization | ||||||
12,689 | 15,671 | 16,645 | - | |||
Total operating expenses | ||||||
283,159 | 260,829 | 199,231 | - | |||
Operating income | ||||||
36,442 | 13,072 | 1,808 | - | |||
Interest expense | ||||||
8,510 | 18,448 | 11,448 | - | |||
Income before income taxes | ||||||
27,932 | -5,376 | -9,640 | - | |||
Income tax provision | ||||||
8,323 | 1,868 | 534 | - | |||
Net income | ||||||
19,609 | -7,244 | -10,174 | - | |||
Other comprehensive (loss) income | ||||||
95 | 0 | -2 | - | |||
Comprehensive income | ||||||
19,704 | -7,244 | -10,176 | - | |||
Earnings per common share: | ||||||
Basic and diluted (in dollars per share) | ||||||
0.52 | -0.28 | -0.59 | - | |||
Weighted-average common shares outstanding: | ||||||
Basic (in shares) | ||||||
37,428 | 25,484 | 17,227 | - | |||
Diluted (in shares) | ||||||
37,594 | 25,484 | 17,227 | - | |||
Predecessor Company [Member] | ||||||
The amount of revenue recognized from wire transfer and money order fees. | ||||||
- | - | - | 138,468 | |||
Amount before tax of foreign currency transaction revenue. | ||||||
- | - | - | 25,782 | |||
Amount of revenue and classified as other. | ||||||
- | - | - | 1,145 | |||
Total revenues | ||||||
- | - | - | 165,395 | |||
Amount of charges from agents and banks for banking activities. | ||||||
- | - | - | 108,076 | |||
Salaries and benefits | ||||||
- | - | - | 18,518 | |||
Other selling, general and administrative expenses | ||||||
- | - | - | 12,346 | |||
Transaction costs | ||||||
- | - | - | 901 | |||
Depreciation and amortization | ||||||
- | - | - | 2,530 | |||
Total operating expenses | ||||||
- | - | - | 142,371 | |||
Operating income (loss) | ||||||
- | - | - | 23,024 | |||
Interest expense | ||||||
- | - | - | 9,540 | |||
(Loss) income before income taxes | ||||||
- | - | - | 13,484 | |||
Income tax provision (benefit) | ||||||
- | - | - | 4,084 | |||
Net income (loss) | ||||||
- | - | - | 9,400 | |||
Other comprehensive (loss) income | ||||||
- | - | - | 110 | |||
Comprehensive (loss) income | ||||||
- | - | - | 9,510 | |||