Selected Quarterly Operating Results

12 Months Ended

Mar. 31, 2011

Selected Quarterly Operating Results [Abstract]

Selected Quarterly Operating Results

16. Selected Quarterly Operating Results

The following table presents quarterly unaudited consolidated financial information for the eight quarters preceding March 31, 2011. Such information is presented on the same basis as the annual information presented in the accompanying consolidated financial statements. In management’s opinion, this information reflects all adjustments that are necessary for a fair presentation of the results for these periods.

	Quarter Ended
(Unaudited)	06/30/09		09/30/09		12/31/09		03/31/10		06/30/10			09/30/10		12/31/10		03/31/11
Revenues:
Software, hardware and supplies	$	17,776	$	22,856	$	24,346	$	24,783	$	24,756		$	20,375	$	29,675	$	31,708
Implementation and training services		3,457		3,380		3,313		4,226		4,308			4,499		4,262		4,946
System sales		21,233		26,236		27,659		29,009		29,064			24,874		33,937		36,654
Maintenance		21,640		21,475		22,139		23,938		25,536			27,529		27,908		29,046
Electronic data interchange services		8,161		8,796		8,897		9,181		9,764			10,142		10,360		10,756
Revenue cycle management and related services		8,992		8,888		9,602		9,183		10,772			11,175		11,496		11,622
Other services		6,612		6,303		6,665		7,202		7,791			7,737		8,170		9,030
Maintenance, EDI, RCM and other services		45,405		45,462		47,303		49,504		53,863			56,583		57,934		60,454
Total revenues		66,638		71,698		74,962		78,513		82,927			81,457		91,871		97,108
Cost of revenue:
Software, hardware and supplies		2,704		3,737		2,810		2,864		6,212			4,696		5,667		3,204
Implementation and training services		2,881		3,296		2,898		2,908		2,990			3,475		3,677		4,868
Total cost of system sales		5,585		7,033		5,708		5,772		9,202			8,171		9,344		8,072
Maintenance		3,025		3,255		3,392		3,667		3,454			3,238		3,381		2,875
Electronic data interchange services		5,890		6,164		6,525		6,683		6,709			6,773		6,908		7,321
Revenue cycle management and related services		6,522		6,856		7,124		7,213		8,145			8,222		8,715		8,733
Other services		4,867		5,003		5,560		4,963		4,349			3,724		3,981		6,165
Total cost of maintenance, EDI, RCM and other services		20,304		21,278		22,601		22,526		22,657			21,957		22,985		25,094
Total cost of revenue		25,889		28,311		28,309		28,298		31,859			30,128		32,329		33,166
Gross profit		40,749		43,387		46,653		50,215		51,068			51,329		59,542		63,942
Operating expenses:
Selling, general and administrative		20,093		20,061		21,574		25,223		26,238			24,829		27,958		29,285
Research and development costs		3,977		4,346		3,954		4,269		5,456			5,232		5,358		5,751
Amortization of acquired intangible assets		357		367		377		682		347			445		445		445
Total operating expenses		24,427		24,774		25,905		30,174		32,041			30,506		33,761		35,481
Income from operations		16,322		18,613		20,748		20,041		19,027			20,823		25,781		28,461
Interest income		78		59		43		46		60			129		55		19
Other income (expense), net		58		—		136		74		(6	)		65		—		2
Income before provision for income taxes		16,458		18,672		20,927		20,161		19,081			21,017		25,836		28,482
Provision for income taxes		6,112		6,852		7,775		7,100		6,989			7,587		8,305		9,929
Net income	$	10,346	$	11,820	$	13,152	$	13,061	$	12,092		$	13,430	$	17,531	$	18,553
Net income per share:
Basic*	$	0.36	$	0.41	$	0.46	$	0.45	$	0.42		$	0.46	$	0.60	$	0.64
Diluted*	$	0.36	$	0.41	$	0.46	$	0.45	$	0.42		$	0.46	$	0.60	$	0.64
Weighted-average shares outstanding:
Basic		28,492		28,597		28,667		28,784		28,896			28,935		28,978		29,005
Diluted		28,635		28,742		28,833		28,929		29,057			29,078		29,140		29,202
Dividends declared per common share	$	0.30	$	0.30	$	0.30	$	0.30	$	0.30		$	0.30	$	0.30	$	0.35

* Quarterly EPS may not sum to annual EPS due to rounding