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

 

For the three months ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

 

 

Appraisal and Tax

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

18,492

 

 

$

1,438

 

 

$

 

 

$

19,930

 

Subscriptions

 

 

35,169

 

 

 

1,700

 

 

 

 

 

 

36,869

 

Software services

 

 

40,608

 

 

 

4,130

 

 

 

 

 

 

44,738

 

Maintenance

 

 

78,292

 

 

 

4,708

 

 

 

 

 

 

83,000

 

Appraisal services

 

 

 

 

 

6,541

 

 

 

 

 

 

6,541

 

Hardware and other

 

 

3,428

 

 

 

 

 

 

(9

)

 

 

3,419

 

Intercompany

 

 

1,971

 

 

 

 

 

 

(1,971

)

 

 

 

Total revenues

 

$

177,960

 

 

$

18,517

 

 

$

(1,980

)

 

$

194,497

 

Segment operating income

 

$

52,372

 

 

$

4,713

 

 

$

(11,084

)

 

$

46,001

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

 

 

Appraisal and Tax

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

50,585

 

 

$

3,746

 

 

$

 

 

$

54,331

 

Subscriptions

 

 

99,470

 

 

 

5,456

 

 

 

 

 

 

104,926

 

Software services

 

 

121,372

 

 

 

11,836

 

 

 

 

 

 

133,208

 

Maintenance

 

 

223,802

 

 

 

13,973

 

 

 

 

 

 

237,775

 

Appraisal services

 

 

 

 

 

20,083

 

 

 

 

 

 

20,083

 

Hardware and other

 

 

9,406

 

 

 

16

 

 

 

3,017

 

 

 

12,439

 

Intercompany

 

 

4,743

 

 

 

 

 

 

(4,743

)

 

 

 

Total revenues

 

$

509,378

 

 

$

55,110

 

 

$

(1,726

)

 

$

562,762

 

Segment operating income

 

$

139,151

 

 

$

13,534

 

 

$

(29,774

)

 

$

122,911

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the three months ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

 

 

Appraisal and Tax

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

14,680

 

 

 

1,010

 

 

$

 

 

$

15,690

 

Subscriptions

 

 

27,772

 

 

 

1,264

 

 

 

 

 

 

29,036

 

Software services

 

 

33,210

 

 

 

3,188

 

 

 

 

 

 

36,398

 

Maintenance

 

 

56,451

 

 

 

4,567

 

 

 

 

 

 

61,018

 

Appraisal services

 

 

 

 

 

6,557

 

 

 

 

 

 

6,557

 

Hardware and other

 

 

2,162

 

 

 

 

 

 

(16

)

 

 

2,146

 

Intercompany

 

 

1,014

 

 

 

 

 

 

(1,014

)

 

 

 

Total revenues

 

$

135,289

 

 

$

16,586

 

 

$

(1,030

)

 

$

150,845

 

Segment operating income

 

$

37,853

 

 

$

4,420

 

 

$

(8,950

)

 

$

33,323

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the nine months ended September 30, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

 

 

Appraisal and Tax

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

40,563

 

 

$

4,013

 

 

$

 

 

$

44,576

 

Subscriptions

 

 

77,814

 

 

 

3,459

 

 

 

 

 

 

81,273

 

Software services

 

 

94,203

 

 

 

7,562

 

 

 

 

 

 

101,765

 

Maintenance

 

 

164,457

 

 

 

13,372

 

 

 

 

 

 

177,829

 

Appraisal services

 

 

 

 

 

19,337

 

 

 

 

 

 

19,337

 

Hardware and other

 

 

4,632

 

 

 

11

 

 

 

2,683

 

 

 

7,326

 

Intercompany

 

 

2,919

 

 

 

 

 

 

(2,919

)

 

 

 

Total revenues

 

$

384,588

 

 

$

47,754

 

 

$

(236

)

 

$

432,106

 

Segment operating income

 

$

104,513

 

 

$

11,391

 

 

$

(22,592

)

 

$

93,312

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reconciliation of Operating Income from Segments to Consolidated

 

 

Three Months ended September 30,

 

 

Nine Months ended September 30,

 

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

 

2016

 

 

2015

 

 

2016

 

 

2015

 

Total segment operating income

 

$

46,001

 

 

$

33,323

 

 

$

122,911

 

 

$

93,312

 

Amortization of acquired software

 

 

(5,598

)

 

 

(552

)

 

 

(16,737

)

 

 

(1,464

)

Amortization of customer and trade name intangibles

 

 

(3,458

)

 

 

(1,282

)

 

 

(10,273

)

 

 

(3,585

)

Other (expense) income, net

 

 

(526

)

 

 

255

 

 

 

(1,713

)

 

 

621

 

Income before income taxes

 

$

36,419

 

 

$

31,744

 

 

$

94,188

 

 

$

88,884