Revenue from Contracts with Customers (Tables)

3 Months Ended

Jun. 30, 2018

Schedule of Revenues Disaggregated by Major Revenue Categories and by Occurrence

The following table presents our revenues disaggregated by our major revenue categories and by occurrence:

	Three Months Ended June 30,
	2018		2017
Recurring revenues:
Subscription services	$	28,328	$	25,575
Support and maintenance		41,248		41,116
Managed services		26,270		29,175
Electronic data interchange and data services		24,161		23,312
Total recurring revenues		120,007		119,178
Software, hardware, and other non-recurring revenues:
Software license and hardware		7,443		7,420
Other non-recurring services		5,750		4,324
Total software, hardware and other non-recurring revenues		13,193		11,744
Total revenues	$	133,200	$	130,922

Adoption of ASC 606

Summary of Impact of Topic 606 on Financial Statements

The adjustments to reflect the cumulative effect of the changes to the balances of our previously reported consolidated balance sheet as of March 31, 2018 for the adoption of ASC 606 are summarized as follows:

	As Reported		ASC 606 Transition			Adjusted
	March 31, 2018		Adjustments			April 1, 2018
ASSETS
Accounts receivable, net	$	84,962	$	2,380		$	87,342
Contract assets		—		13,446			13,446
Prepaid expenses and other current assets		17,180		(223	)		16,957
Deferred income taxes, net		9,219		(2,884	)		6,335
Contract assets, net of current		—		2,731			2,731
Other assets		18,795		6,679			25,474
LIABILITIES
Contract liabilities		54,079		4,174			58,253
Accrued compensation and related benefits		27,910		745			28,655
Other current liabilities		48,317		9,964			58,281
Contract liabilities, net of current		1,173		(1,173	)		—
SHAREHOLDERS' EQUITY
Retained earnings		78,708		8,419			87,127

The impact of the adoption of ASC 606 on our consolidated balance sheet and consolidated statements of net income and comprehensive income as of and for the three months ended June 30, 2018, assuming that the previous revenue recognition guidance in ASC 605 had been in effect, is summarized as follows:

	June 30, 2018
	As reported under		Adjustments due to			As disclosed under
	ASC 606		adoption of ASC 606			ASC 605
ASSETS
Accounts receivable, net	$	86,064	$	6,685		$	92,749
Contract assets		10,448		(10,448	)		—
Income taxes receivable		7,677		246			7,923
Prepaid expenses and other current assets		17,397		344			17,741
Deferred income taxes, net		6,249		2,884			9,133
Contract assets, net of current		2,768		(2,768	)		—
Other assets		27,383		(7,703	)		19,680
LIABILITIES
Contract liabilities		52,196		6,241			58,437
Accrued compensation and related benefits		17,567		(158	)		17,409
Other current liabilities		62,067		(8,658	)		53,409
Contract liabilities, net of current		—		1,179			1,179
SHAREHOLDERS' EQUITY
Retained earnings		89,775		(9,364	)		80,411

	Three Months Ended June 30, 2018
	As reported under			Adjustments due to			As disclosed under
	ASC 606			adoption of ASC 606			ASC 605
Revenues:
Recurring	$	120,007		$	687		$	120,694
Software, hardware, and other non-recurring		13,193			(641	)		12,552
Total revenue		133,200			46			133,246
Total cost of revenue		61,851			40			61,891
Gross profit		71,349			6			71,355
Operating expenses:
Selling, general and administrative		44,636			1,197			45,833
Research and development costs, net		22,128			—			22,128
Amortization of acquired intangibles		1,168			—			1,168
Total operating expenses		67,932			1,197			69,129
Income from operations		3,417			(1,191	)		2,226
Interest and other income, net		(327	)		—			(327	)
Income before provision for income taxes		3,090			(1,191	)		1,899
Provision for income taxes		442			(246	)		196
Net income	$	2,648		$	(945	)	$	1,703