impact                  1.3       0.1        0.8        0.3 
Adjusted weighted 
 average shares - 
 diluted                62.0      61.7       61.8       61.6 
 
 
(1)    Other non-operating expense / (income), net primarily consists of 
       income and expenses outside of the Company's operating activities, 
       including, fair value gain / loss on warrant liabilities and 
       derivatives, gain / loss on repurchases of debt, gain / loss on foreign 
       exchange and the release of certain provisions. 
(2)    Amortization of acquired asset represents amortization expense on the 
       fair value of intangible assets acquired through various Company 
       acquisitions, including brands, customer relationships, software and 
       merchant portfolios. 
(3)    Discrete tax items mainly represent (a) valuation allowance benefit / 
       (expense) recorded on deferred tax assets representing a benefit of 
       $(766) and an expense of $10,780 for the three months ended September 
       30, 2024 and 2023, respectively, and expenses of $8,540 and $15,533 for 
       the nine months ended September 30, 2024 and 2023, respectively (b) 
       measurement period adjustments which were $0 and $3,117 for the three 
       months ended September 30, 2024 and 2023, respectively, and ($382) and 
       $4,199 for the nine months ended September 30, 2024 and 2023, 
       respectively, and (c) discrete tax expense on share-based compensation, 
       which would not have been incurred as share-based compensation expense 
       is removed from adjusted net income, of $55 and $236 for the three 
       months ended September 30, 2024 and 2023, respectively, and $2,527 and 
       $3,977 for the nine months ended September 30, 2024 and 2023, 
       respectively. The remaining discrete tax items mainly relate to the 
       movement in uncertain tax provisions relating to prior years. 
(4)    Income tax expense on non-GAAP adjustments reflects the tax expense on 
       each taxable adjustment using the current statutory tax rate of the 
       applicable jurisdiction specific to that adjustment. 
 

Adjusted Net Income per Share

 
                     Three Months 
                        Ended          Nine Months Ended 
                    September 30,        September 30, 
                   ----------------  --------------------- 
                    2024     2023       2024        2023 
                   -------  -------  -----------  -------- 
Numerator ($ in 
thousands) 
Adjusted net 
 income - basic    $31,372  $35,272  $   102,957  $103,026 
Adjusted net 
 income - 
 diluted           $31,372  $35,272  $   102,957  $103,026 
Denominator (in 
millions) 
Weighted average 
 shares -- basic      60.7     61.6         61.0      61.3 
Adjusted weighted 
 average shares 
 -- diluted (1)       62.0     61.7         61.8      61.6 
Adjusted net 
income per share 
Basic              $  0.52  $  0.57  $      1.69  $   1.68 
Diluted            $  0.51  $  0.57  $      1.67  $   1.67 
 
 
(1)    The denominator used in the calculation of diluted adjusted net income 
       per share for the three and nine months ended September 30, 2024 and 
       2023 includes the dilutive effect of the Company's restricted stock 
       units. 
 

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(END) Dow Jones Newswires

November 13, 2024 06:55 ET (11:55 GMT)