Green Dot 2010 Annual Report Download - page 97

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Note 16 — Selected Quarterly Financial Information (Unaudited)
The following tables set forth a summary of our quarterly financial information for each of the four
quarters ended December 31, 2010 and 2009.
Q4 Q3 Q2 Q1
(In thousands, except per share data)
2010
Total operating revenues . . . . . . . . . . . . . . . . . . $91,847 $88,904 $90,318 $92,819
Total operating expenses . . . . . . . . . . . . . . . . . . 79,190 73,481 73,164 68,734
Operating income . . . . . . . . . . . . . . . . . . . . . . . . 12,657 15,423 17,154 24,085
Interest income, net . . . . . . . . . . . . . . . . . . . . . . 92 88 84 49
Income before income taxes. . . . . . . . . . . . . . . . 12,749 15,511 17,238 24,134
Income tax expense . . . . . . . . . . . . . . . . . . . . . . 4,811 6,540 4,730 11,319
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 7,938 $ 8,971 $12,508 $12,815
Earnings per share:
Basic
Class A common stock . . . . . . . . . . . . . . . . $ 0.19 $ 0.22 $ 0.32 —
Class B common stock . . . . . . . . . . . . . . . . $ 0.19 $ 0.22 $ 0.32 $ 0.34
Diluted
Class A common stock . . . . . . . . . . . . . . . . $ 0.18 $ 0.20 $ 0.29 —
Class B common stock . . . . . . . . . . . . . . . . $ 0.18 $ 0.20 $ 0.29 $ 0.27
2009
Total operating revenues . . . . . . . . . . . . . . . . . . $69,562 $65,318 $62,890 $60,740
Total operating expenses . . . . . . . . . . . . . . . . . . 57,881 47,386 41,352 42,332
Operating income . . . . . . . . . . . . . . . . . . . . . . . . 11,681 17,932 21,538 18,408
Interest income, net . . . . . . . . . . . . . . . . . . . . . . 77 61 68 47
Income before income taxes. . . . . . . . . . . . . . . . 11,758 17,993 21,606 18,455
Income tax expense . . . . . . . . . . . . . . . . . . . . . . 4,903 7,522 9,073 7,749
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 6,855 $10,471 $12,533 $10,706
Earnings per share:
Basic . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.18 $ 0.28 $ 0.33 $ 0.29
Diluted . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.15 $ 0.22 $ 0.25 $ 0.22
88
GREEN DOT CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)