Revenue from Contracts with Customers (Tables)

6 Months Ended

Sep. 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 September 30,				Six Months Ended September 30,
	2018		2017		2018		2017
Recurring revenues:
Subscription services	$	29,255	$	26,788	$	57,583	$	52,363
Support and maintenance		39,594		41,693		80,842		82,809
Managed services		23,527		27,962		49,797		57,137
Electronic data interchange and data services		23,941		22,998		48,102		46,310
Total recurring revenues		116,317		119,441		236,324		238,619
Software, hardware, and other non-recurring revenues:
Software license and hardware		9,353		8,853		16,796		16,273
Other non-recurring services		4,651		4,313		10,401		8,637
Total software, hardware and other non-recurring revenues		14,004		13,166		27,197		24,910
Total revenues	$	130,321	$	132,607	$	263,521	$	263,529

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 September 30, 2018 and for the three and six months ended September 30, 2018, assuming that the previous revenue recognition guidance in ASC 605 had been in effect, is summarized as follows:

	September 30, 2018
	As reported under		Adjustments due to			As disclosed under
	ASC 606		adoption of ASC 606			ASC 605
ASSETS
Accounts receivable, net	$	85,548	$	2,496		$	88,044
Contract assets		10,253		(10,253	)		—
Income taxes receivable		5,976		997			6,973
Prepaid expenses and other current assets		16,987		(2,190	)		14,797
Deferred income taxes, net		6,264		2,884			9,148
Contract assets, net of current		2,942		(2,942	)		—
Other assets		29,226		(6,773	)		22,453
LIABILITIES
Contract liabilities		50,023		2,911			52,934
Accrued compensation and related benefits		18,885		(6	)		18,879
Other current liabilities		43,883		(8,171	)		35,712
Contract liabilities, net of current		—		1,030			1,030
SHAREHOLDERS' EQUITY
Retained earnings		102,869		(11,511	)		91,358

	Three Months Ended September 30, 2018
	As reported under			Adjustments due to			As disclosed under
	ASC 606			adoption of ASC 606			ASC 605
Revenues:
Recurring	$	116,317		$	(793	)	$	115,524
Software, hardware, and other non-recurring		14,004			(96	)		13,908
Total revenue		130,321			(889	)		129,432
Total cost of revenue		61,118			52			61,170
Gross profit		69,203			(941	)		68,262
Operating expenses:
Selling, general and administrative		34,229			1,957			36,186
Research and development costs, net		18,371			—			18,371
Amortization of acquired intangibles		1,121			—			1,121
Total operating expenses		53,721			1,957			55,678
Income from operations		15,482			(2,898	)		12,584
Interest and other income, net		(492	)		—			(492	)
Income before provision for income taxes		14,990			(2,898	)		12,092
Provision for income taxes		1,896			(751	)		1,145
Net income	$	13,094		$	(2,147	)	$	10,947

	Six Months Ended September 30, 2018
	As reported under			Adjustments due to			As disclosed under
	ASC 606			adoption of ASC 606			ASC 605
Revenues:
Recurring	$	236,324		$	(106	)	$	236,218
Software, hardware, and other non-recurring		27,197			(737	)		26,460
Total revenue		263,521			(843	)		262,678
Total cost of revenue		122,969			94			123,063
Gross profit		140,552			(937	)		139,615
Operating expenses:
Selling, general and administrative		78,865			3,152			82,017
Research and development costs, net		40,499			—			40,499
Amortization of acquired intangibles		2,289			—			2,289
Total operating expenses		121,653			3,152			124,805
Income from operations		18,899			(4,089	)		14,810
Interest and other income, net		(819	)		—			(819	)
Income before provision for income taxes		18,080			(4,089	)		13,991
Provision for income taxes		2,338			(997	)		1,341
Net income	$	15,742		$	(3,092	)	$	12,650