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Condensed Statements Of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenues:        
Software licenses $ 8,308 $ 8,735 $ 15,130 $ 17,184
Subscriptions 7,277 5,807 14,241 11,060
Software services 17,992 18,506 34,756 35,562
Maintenance 35,056 33,212 70,568 66,628
Appraisal services 5,987 4,925 12,184 9,200
Hardware and other 2,115 1,415 3,249 2,786
Total revenues 76,735 72,600 150,128 142,420
Cost of revenues:        
Software licenses 989 852 1,784 1,559
Acquired software 244 398 539 796
Software services, maintenance and subscriptions 35,502 34,595 70,682 69,476
Appraisal services 3,702 3,131 7,526 6,008
Hardware and other 2,161 1,149 2,837 2,087
Total cost of revenues 42,598 40,125 83,368 79,926
Gross profit 34,137 32,475 66,760 62,494
Selling, general and administrative expenses 18,466 17,439 35,754 35,000
Research and development expense 5,035 3,744 9,584 7,260
Amortization of customer and trade name intangibles 803 807 1,607 1,613
Operating income 9,833 10,485 19,815 18,621
Other expense, net (524) (102) (1,024) (144)
Income before income taxes 9,309 10,383 18,791 18,477
Income tax provision 3,685 4,134 7,439 7,356
Net income $ 5,624 $ 6,249 $ 11,352 $ 11,121
Earnings per common share:        
Basic $ 0.18 $ 0.18 $ 0.36 $ 0.32
Diluted $ 0.17 $ 0.17 $ 0.34 $ 0.31
Basic weighted average common shares outstanding 32,005 34,862 31,912 34,815
Diluted weighted average common shares outstanding 33,848 36,203 33,650 36,262