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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Operating revenue $ 154,305 $ 147,233 $ 403,493 $ 434,432
Operating expenses:        
Cost of services provided 85,976 55,171 192,526 152,054
Product development 8,775 11,245 26,530 33,884
Sales and marketing 3,375 4,284 10,637 14,898
General and administrative, net 20,888 46,900 65,596 101,210
Amortization and depreciation 3,392 3,626 10,142 10,966
Total operating expenses 122,406 121,226 305,431 313,012
Operating income 31,899 26,007 98,062 121,420
Interest income 29 99 112 578
Interest expense (7,495) (10,970) (23,879) (32,551)
Non-operating (loss) income (4) 352 95 344
Non-operating expense - litigation settlement 0 0 0 (21,140)
Foreign currency exchange (loss) gain (597) (641) 112 (495)
Income before income taxes 23,832 14,847 74,502 68,156
Income tax (expense) benefit 152 217 (2,809) 297
Net income including noncontrolling interest 23,984 15,064 71,693 68,453
Net loss attributable to noncontrolling interest (698) (5,445) (1,187) (6,617)
Net income attributable to Ebix, Inc. $ 24,682 $ 20,509 $ 72,880 $ 75,070
Basic earnings per common share attributable to Ebix, Inc. (in dollars per share) $ 0.81 $ 0.67 $ 2.39 $ 2.46
Diluted earnings per common share attributable to Ebix, Inc. (in dollars per share) $ 0.80 $ 0.67 $ 2.37 $ 2.45
Basic weighted average shares outstanding (in shares) 30,525 30,501 30,502 30,517
Diluted weighted average shares outstanding (in shares) 30,853 30,633 30,748 30,598