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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues $ 460,454 $ 354,205 $ 344,900
Operating expenses:      
Selling & administrative 34,551 35,200 32,747
Enterprise technology & product support 29,491 26,850 23,944
Depreciation & amortization 14,245 12,610 9,117
Total operating expenses 373,021 291,786 269,840
Total operating expenses 87,433 62,419 75,060
Other income:      
Interest income 389 2,514 616
Income before income taxes 87,822 64,933 75,676
Income tax provision 19,228 14,503 17,407
Net income $ 68,594 $ 50,430 $ 58,269
Basic net income per share (in usd per share) $ 1.01 $ 0.75 $ 0.87
Diluted net income per share (in usd per share) $ 1.01 $ 0.75 $ 0.87
Weighted average shares outstanding:      
Basic (in shares) 67,010 66,884 66,499
Diluted (in shares) 67,117 66,884 66,560
State enterprise revenues      
Revenues $ 331,720 $ 290,281 $ 312,492
Operating expenses:      
State enterprise cost of revenues, exclusive of depreciation & amortization 199,901 175,490 187,321
Software & services revenues      
Revenues 128,734 63,924 32,408
Operating expenses:      
State enterprise cost of revenues, exclusive of depreciation & amortization $ 94,833 $ 41,636 $ 16,711