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Segment and Related Information (Tables)
6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Schedule of Segment Revenues and Operations

 

For the three months ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

16,439

 

 

$

1,112

 

 

$

 

 

$

17,551

 

Subscriptions

 

 

32,316

 

 

 

1,652

 

 

 

 

 

 

33,968

 

Software services

 

 

42,159

 

 

 

3,881

 

 

 

 

 

 

46,040

 

Maintenance

 

 

74,110

 

 

 

4,633

 

 

 

 

 

 

78,743

 

Appraisal services

 

 

 

 

 

6,984

 

 

 

 

 

 

6,984

 

Hardware and other

 

 

2,942

 

 

 

 

 

 

2,744

 

 

 

5,686

 

Intercompany

 

 

1,612

 

 

 

 

 

 

(1,612

)

 

 

 

Total revenues

 

$

169,578

 

 

$

18,262

 

 

$

1,132

 

 

$

188,972

 

Segment operating income

 

$

46,109

 

 

$

3,990

 

 

$

(10,051

)

 

$

40,048

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the six months ended June 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

32,093

 

 

$

2,308

 

 

$

 

 

$

34,401

 

Subscriptions

 

 

64,301

 

 

 

3,756

 

 

 

 

 

 

68,057

 

Software services

 

 

80,763

 

 

 

7,707

 

 

 

 

 

 

88,470

 

Maintenance

 

 

145,510

 

 

 

9,265

 

 

 

 

 

 

154,775

 

Appraisal services

 

 

 

 

 

13,542

 

 

 

 

 

 

13,542

 

Hardware and other

 

 

5,977

 

 

 

16

 

 

 

3,027

 

 

 

9,020

 

Intercompany

 

 

2,772

 

 

 

 

 

 

(2,772

)

 

 

 

Total revenues

 

$

331,416

 

 

$

36,594

 

 

$

255

 

 

$

368,265

 

Segment operating income

 

$

86,778

 

 

$

8,821

 

 

$

(18,689

)

 

$

76,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Income from Segments to Consolidated

 

 

Three months ended June 30,

 

 

Six months ended June 30,

 

Reconciliation of reportable segment operating income to the Company's consolidated totals:

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total segment operating income

 

$

40,048

 

 

$

31,203

 

 

$

76,910

 

 

$

59,989

 

Amortization of acquired software

 

 

(5,680

)

 

 

(456

)

 

 

(11,139

)

 

 

(912

)

Amortization of customer and trade name intangibles

 

 

(3,453

)

 

 

(1,151

)

 

 

(6,815

)

 

 

(2,303

)

Other (expense) income, net

 

 

(720

)

 

 

185

 

 

 

(1,187

)

 

 

366

 

Income before income taxes

 

$

30,195

 

 

$

29,781

 

 

$

57,769

 

 

$

57,140