Accounting Standards and Significant Accounting Policies (Tables)

3 Months Ended

Mar. 31, 2018

Accounting Policies [Abstract]

Schedule of summary the changes in the allowances for doubtful accounts and sales adjustments

The following table summarizes the changes in the allowances for doubtful accounts:

	March 31, 2018
Balance, beginning of period December 31, 2017	$	5,427
Provisions for losses - accounts receivable	320
Deductions for accounts charged off or credits issued	(967		)
Balance, end of period	$	4,780

Schedule of adjusted our condensed consolidated financial statements from amounts previously reported due to the adoption of ASU No. 2014-09

We adjusted our condensed consolidated financial statements from amounts previously reported due to the adoption of the new standard. Select unaudited condensed consolidated statement of income line items, which reflect the adoption of the new standard, are as follows (in thousands, except per share data):

	Three Months Ended March 31, 2017
	As Reported		Adjustments			As Adjusted
Statement of Income:
Revenues:
Software licenses and royalties	$	18,223	$	3,535		$	21,758
Subscriptions	40,102		(240		)	39,862
Software services	45,018		(2,522		)	42,496
Maintenance	86,859		(552		)	86,307
Appraisal services	6,612		—			6,612
Hardware and other	2,728		(34		)	2,694
Total revenues	$	199,542	$	187		$	199,729
Costs and expenses:
Selling, general and administrative expenses	$	43,142	$	(362	)	$	42,780
Amortization of customer and trade name intangibles	3,458		(133		)	3,325
Operating income	36,149		682			36,831
Income tax provision	3,653		219			3,872
Net income	$	32,306	$	463		$	32,769
Earnings per common share:
Basic	$	0.88				$	0.89
Diluted	$	0.83				$	0.84

Select condensed consolidated balance sheet line items, which reflect the adoption of the new standard, are as follows (in thousands):

	December 31, 2017
	As Reported		Adjustments			As Adjusted
Balance Sheet:
Assets
Accounts receivable	$	227,127	$	19,061		$	246,188
Prepaid expenses	27,252		4,954			32,206
Accounts receivable, long-term	7,536		4,571			12,107
Other intangibles, net	236,444		(6,827		)	229,617
Total assets	$	1,589,592	$	21,759		$	1,611,351
Liabilities
Deferred revenue	309,461		(10,848		)	298,613
Deferred income taxes	38,914		7,965			46,879
Retained earnings	$	599,821	$	24,642		$	624,463
Total liabilities and shareholders' equity	$	1,589,592	$	21,759		$	1,611,351

Our adoption of ASU 2014-09 had no impact on our net cash provided by or used in operating, investing or financing activities for any of the periods reported.