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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Software licenses and royalties $ 19,930 $ 15,690 $ 54,331 $ 44,576
Subscriptions 36,869 29,036 104,926 81,273
Software services 44,738 36,398 133,208 101,765
Maintenance 83,000 61,018 237,775 177,829
Appraisal services 6,541 6,557 20,083 19,337
Hardware and other 3,419 2,146 12,439 7,326
Total revenues 194,497 150,845 562,762 432,106
Cost of revenues:        
Software licenses and royalties 623 147 1,927 1,183
Acquired software 5,598 552 16,737 1,464
Software services, maintenance and subscriptions 88,623 72,764 260,610 207,819
Appraisal services 4,053 3,984 12,473 12,397
Hardware and other 2,120 1,565 8,481 5,278
Total cost of revenues 101,017 79,012 300,228 228,141
Gross profit 93,480 71,833 262,534 203,965
Selling, general and administrative expenses 42,007 31,869 124,998 90,810
Research and development expense 11,070 7,193 31,362 21,307
Amortization of customer and trade name intangibles 3,458 1,282 10,273 3,585
Operating income 36,945 31,489 95,901 88,263
Other (expense) income, net (526) 255 (1,713) 621
Income before income taxes 36,419 31,744 94,188 88,884
Income tax provision 14,155 11,602 35,973 32,633
Net income $ 22,264 $ 20,142 $ 58,215 $ 56,251
Earnings per common share:        
Basic $ 0.61 $ 0.59 $ 1.60 $ 1.66
Diluted $ 0.58 $ 0.55 $ 1.51 $ 1.56