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CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Revenues $ 93,589 $ 91,566 $ 184,708 $ 176,747
Operating expenses:        
Selling & administrative 8,316 8,356 16,379 18,320
Enterprise technology & product support 7,201 6,745 14,455 13,190
Depreciation & amortization 3,473 3,130 6,955 5,551
Total operating expenses 75,210 73,837 151,005 144,043
Operating income (loss) 18,379 17,729 33,703 32,704
Other income:        
Interest income 0 577 389 1,181
Income before income taxes 18,379 18,306 34,092 33,885
Income tax provision 4,583 3,846 8,433 7,923
Net income $ 13,796 $ 14,460 $ 25,659 $ 25,962
Basic net income per share (in usd per share) $ 0.20 $ 0.21 $ 0.38 $ 0.38
Diluted net income per share (in usd per share) $ 0.20 $ 0.21 $ 0.38 $ 0.38
Weighted average shares outstanding:        
Basic (in shares) 66,999 66,940 66,993 66,806
Diluted (in shares) 66,999 66,940 66,993 66,806
State enterprise        
Revenues:        
Revenues $ 77,804 $ 74,871 $ 152,215 $ 144,724
Operating expenses:        
Cost of revenues, exclusive of depreciation & amortization 45,876 45,081 92,147 87,060
Software & services        
Revenues:        
Revenues 15,785 16,695 32,493 32,023
Operating expenses:        
Cost of revenues, exclusive of depreciation & amortization $ 10,344 $ 10,525 $ 21,069 $ 19,922