Table:
|  |  |  | Years Ended December 31, |  |  |
| --- | --- | --- | --- | --- | --- |
|  | 2019 (1)(2) | 2018 (3) | 2017 (4) | 2016 (5) | 2015 |
| Income Statement Data: |  |  |  |  |  |
| Total revenues | $ 1,258,294 | $ 1,009,780 | $ 1,024,191 | $ 1,005,701 | $ 1,045,977 |
| Net income | 67,062 | 68,921 | 5,135 | 129,535 | 85,436 |
| Earnings per share: |  |  |  |  |  |
| Basic | $ 0.58 | $ 0.59 | $ 0.04 | $ 1.10 | $ 0.73 |
| Diluted | $ 0.57 | $ 0.59 | $ 0.04 | $ 1.09 | $ 0.72 |
| Weighted average common shares outstanding: |  |  |  |  |  |
| Basic | 116,175 | 116,057 | 118,059 | 117,533 | 117,465 |
| Diluted | 118,571 | 117,632 | 119,444 | 118,847 | 118,919 |
Paragraphs:
ITEM 6. SELECTED FINANCIAL DATA
The following selected financial data has been derived from our consolidated financial statements (in thousands, except per share data). This data should be read together with Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, and the consolidated financial statements and related notes included elsewhere in this annual report. The financial information below is not necessarily indicative of the results of future operations. Future results could differ materially from historical results due to many factors, including those discussed in Item 1A, Risk Factors.
(1) The consolidated balance sheet and statement of operations for the year ended December 31, 2019, includes the acquisition of Speedpay as discussed in Note 3, Acquisition, to our Notes to Consolidated Financial Statements in Part IV, Item 15 of this Form 10-K.
(2) The consolidated balance sheet and statement of operations for the year ended December 31, 2019, reflects the application of Accounting Standards Update (“ASU”) 2016-02, Leases (codified as “ASC 842”) as discussed in Note 14, Leases, to our Notes to Consolidated Financial Statements.
(3) The consolidated balance sheet and statement of operations for the year ended December 31, 2018, reflects the adoption of ASU 2014-09, Revenue from Contracts with Customers (codified as “ASC 606”), as discussed in Note 2, Revenue, to our Notes to Consolidated Financial Statements, including a cumulative adjustment of $244.0 million to retained earnings.
(4) The consolidated statement of operations for the year ended December 31, 2017, reflects the Baldwin Hackett & Meeks, Inc. (“BHMI”) judgment. We recorded $46.7 million in general and administrative expense and $1.4 million in interest expense, as discussed in Note 15, Commitments and Contingencies, to our Notes to Consolidated Financial Statements.
(5) The consolidated balance sheet and statement of operations for the year ended December 31, 2016, reflects the sale of Community Financial Services assets and liabilities.
Question:
What was the percentage change in basic earnings per share between 2017 and 2018?
Answer: ($0.59-$0.04)/$0.04 = 1375