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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Software licenses and royalties $ 14,586 $ 12,083 $ 28,886 $ 23,315
Subscriptions 26,949 20,934 52,237 41,441
Software services 34,563 30,128 65,367 54,435
Maintenance 59,463 51,951 116,811 102,191
Appraisal services 6,691 5,444 12,780 10,295
Hardware and other 4,043 3,831 5,180 5,320
Total revenues 146,295 124,371 281,261 236,997
Cost of revenues:        
Software licenses and royalties 483 343 1,036 874
Acquired software 456 444 912 925
Software services, maintenance and subscriptions 69,678 58,274 135,055 113,273
Appraisal services 4,278 3,665 8,413 6,976
Hardware and other 3,147 3,087 3,713 3,861
Total cost of revenues 78,042 65,813 149,129 125,909
Gross profit 68,253 58,558 132,132 111,088
Selling, general and administrative expenses 30,396 27,419 58,941 52,786
Research and development expense 7,110 6,389 14,114 12,561
Amortization of customer and trade name intangibles 1,151 1,128 2,303 2,257
Operating income 29,596 23,622 56,774 43,484
Other income (expense), net 185 (216) 366 (475)
Income before income taxes 29,781 23,406 57,140 43,009
Income tax provision 10,945 8,666 21,031 16,386
Net income $ 18,836 $ 14,740 $ 36,109 $ 26,623
Earnings per common share:        
Basic $ 0.56 $ 0.45 $ 1.07 $ 0.81
Diluted $ 0.52 $ 0.42 $ 1.00 $ 0.75
Comprehensive income $ 18,836 $ 14,740 $ 36,109 $ 26,623