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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenues:    
Software licenses and royalties $ 18,223 $ 16,850
Subscriptions 40,102 34,089
Software services 45,018 42,430
Maintenance 86,859 76,032
Appraisal services 6,612 6,558
Hardware and other 2,728 3,334
Total revenues 199,542 179,293
Cost of revenues:    
Software licenses and royalties 731 638
Acquired software 5,410 5,459
Software services, maintenance and subscriptions 93,540 85,270
Appraisal services 4,197 3,962
Hardware and other 1,316 1,846
Total cost of revenues 105,194 97,175
Gross profit 94,348 82,118
Selling, general and administrative expenses 43,142 40,759
Research and development expense 11,599 9,956
Amortization of customer and trade name intangibles 3,458 3,362
Operating income 36,149 28,041
Other (expense) income, net (190) (467)
Income before income taxes 35,959 27,574
Income tax provision 3,653 9,350
Net income $ 32,306 $ 18,224
Earnings per common share:    
Basic (USD per share) $ 0.88 $ 0.50
Diluted (USD per share) $ 0.83 $ 0.47