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Segment and Related Information (Tables)
6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Schedule of Segment Revenues and Operations

For the three months ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

13,556

 

 

$

1,030

 

 

$

 

 

$

14,586

 

Subscriptions

 

 

25,733

 

 

 

1,216

 

 

 

 

 

 

26,949

 

Software services

 

 

31,826

 

 

 

2,737

 

 

 

 

 

 

34,563

 

Maintenance

 

 

54,992

 

 

 

4,471

 

 

 

 

 

 

59,463

 

Appraisal services

 

 

 

 

 

6,691

 

 

 

 

 

 

6,691

 

Hardware and other

 

 

1,330

 

 

 

11

 

 

 

2,702

 

 

 

4,043

 

Intercompany

 

 

979

 

 

 

 

 

 

(979

)

 

 

 

Total revenues

 

$

128,416

 

 

$

16,156

 

 

$

1,723

 

 

$

146,295

 

Segment operating income

 

$

34,408

 

 

$

3,903

 

 

$

(7,108

)

 

$

31,203

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

25,883

 

 

$

3,003

 

 

$

 

 

$

28,886

 

Subscriptions

 

 

50,042

 

 

 

2,195

 

 

 

 

 

 

52,237

 

Software services

 

 

60,994

 

 

 

4,373

 

 

 

 

 

 

65,367

 

Maintenance

 

 

108,007

 

 

 

8,804

 

 

 

 

 

 

116,811

 

Appraisal services

 

 

 

 

 

12,780

 

 

 

 

 

 

12,780

 

Hardware and other

 

 

2,468

 

 

 

11

 

 

 

2,701

 

 

 

5,180

 

Intercompany

 

 

1,905

 

 

 

 

 

 

(1,905

)

 

 

 

Total revenues

 

$

249,299

 

 

$

31,166

 

 

$

796

 

 

$

281,261

 

Segment operating income

 

$

66,660

 

 

$

6,971

 

 

$

(13,642

)

 

$

59,989

 

 

For the three months ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

11,349

 

 

$

734

 

 

$

 

 

$

12,083

 

Subscriptions

 

 

20,124

 

 

 

810

 

 

 

 

 

 

20,934

 

Software services

 

 

27,420

 

 

 

2,708

 

 

 

 

 

 

30,128

 

Maintenance

 

 

47,765

 

 

 

4,186

 

 

 

 

 

 

51,951

 

Appraisal services

 

 

 

 

 

5,444

 

 

 

 

 

 

5,444

 

Hardware and other

 

 

1,361

 

 

 

 

 

 

2,470

 

 

 

3,831

 

Intercompany

 

 

532

 

 

 

 

 

 

(532

)

 

 

 

Total revenues

 

$

108,551

 

 

$

13,882

 

 

$

1,938

 

 

$

124,371

 

Segment operating income

 

$

27,747

 

 

$

2,934

 

 

$

(5,487

)

 

$

25,194

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

22,145

 

 

$

1,170

 

 

$

 

 

$

23,315

 

Subscriptions

 

 

39,846

 

 

 

1,595

 

 

 

 

 

 

41,441

 

Software services

 

 

49,607

 

 

 

4,828

 

 

 

 

 

 

54,435

 

Maintenance

 

 

93,858

 

 

 

8,333

 

 

 

 

 

 

102,191

 

Appraisal services

 

 

 

 

 

10,295

 

 

 

 

 

 

10,295

 

Hardware and other

 

 

2,850

 

 

 

 

 

 

2,470

 

 

 

5,320

 

Intercompany

 

 

1,005

 

 

 

 

 

 

(1,005

)

 

 

 

Total revenues

 

$

209,311

 

 

$

26,221

 

 

$

1,465

 

 

$

236,997

 

Segment operating income

 

$

53,175

 

 

$

4,766

 

 

$

(11,275

)

 

$

46,666

 

 

Reconciliation of Operating Income from Segments to Consolidated

Reconciliation of reportable segment operating

 

Three months ended June 30,

 

 

Six months ended June 30,

 

income to the Company's consolidated totals:

 

2015

 

 

2014

 

 

2015

 

 

2014

 

Total segment operating income

 

$

31,203

 

 

$

25,194

 

 

$

59,989

 

 

$

46,666

 

Amortization of acquired software

 

 

(456

)

 

 

(444

)

 

 

(912

)

 

 

(925

)

Amortization of customer and trade name intangibles

 

 

(1,151

)

 

 

(1,128

)

 

 

(2,303

)

 

 

(2,257

)

Other income (expense), net

 

 

185

 

 

 

(216

)

 

 

366

 

 

 

(475

)

Income before income taxes

 

$

29,781

 

 

$

23,406

 

 

$

57,140

 

 

$

43,009