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Revenue (Tables)
 9 Months Ended
Sep. 30, 2018
Revenue from Contract with Customer [Abstract]  
Disaggregation of Revenue
The Company's primary categories of revenue are Healthcare, Commuter, COBRA and Other revenue and are disclosed in the condensed consolidated statements of income. The following table provides information about disaggregated revenue from contracts with customers by the nature of the products and services (in thousands):


 
Three months ended September 30,
 
Nine months ended September 30,
(in thousands)
2018
 
2017
 
2018
 
2017
Benefit Administration Service and COBRA
$
95,212

 
$
99,482

 
$
295,911

 
$
305,405

Interchange
11,161

 
10,972

 
40,461

 
39,924

Other revenue
7,598

 
4,392

 
20,748

 
12,686

Total
$
113,971

 
$
114,846

 
$
357,120

 
$
358,015
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
The following table includes estimated revenue expected to be recognized in the future related to performance obligations that are unsatisfied or partially unsatisfied at the end of the reporting period, in thousands. The Company applies the practical expedient to not disclose information about contracts with original expected durations of one year or less, amounts of variable consideration attributable to the variable consideration allocation exception, or contract renewals that are unexercised as of September 30, 2018 (in thousands):

 
 
2018
 
2019
 
2020
 
2021 and thereafter
 
Total
 
 
$
142

 
571

 
571

 
1,716

 
$
3,000
Schedule of New Accounting Pronouncements and Changes in Accounting Principles
In accordance with ASC 606, the disclosure of the impact of adoption to our unaudited condensed consolidated statements of income and balance sheets was as follows (in thousands, except per share amounts):

 
 
Three Months Ended September 30, 2018
 
Nine Months Ended September 30, 2018
 
 
As reported
 
Adjustments
 
Balance without adoption of ASC 606
 
As reported
 
Adjustments
 
Balance without adoption of ASC 606
Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
Sales and marketing
 
$
17,920

 
$
(69
)
 
$
17,851

 
$
54,779

 
225

 
$
55,004

 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses
 
105,842

 
(69
)
 
105,773

 
317,694

 
225

 
317,919

 
 
 
 
 
 
 
 
 
 
 
 
 
Income from operations
 
8,129

 
69

 
8,198

 
39,426

 
(225
)
 
39,201

 
 
 
 
 
 
 
 
 
 
 
 
 
Income before income taxes
 
7,058

 
69

 
7,127

 
36,474

 
(225
)
 
36,249

 
 
 
 
 
 
 
 
 
 
 
 
 
Income tax provision
 
(4,934
)
 
(48
)
 
(4,982
)
 
(12,407
)
 
76

 
(12,331
)
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income
 
2,124

 
21

 
2,145

 
24,067

 
(149
)
 
23,918

 
 
 
 
 
 
 
 
 
 
 
 
 
Net income per share:
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.05

 
 
 
$
0.05

 
$
0.60

 
 
 
$
0.60

Diluted
 
$
0.05

 
 
 
$
0.05

 
$
0.59

 
 
 
$
0.59


 
 
September 30, 2018
 
 
As reported
 
Adjustments
 
Balance without adoption of ASC 606
Assets
 
 
 
 
 
 
Other assets
 
$
35,074

 
$
(7,104
)
 
$
27,970

Total assets
 
1,678,587

 
(7,104
)
 
1,671,483

 
 

 

 

Liabilities and Stockholders' Equity
 
 
 
 
 
 
Retained earnings
 
103,764

 
(7,104
)
 
96,660

Total stockholders' equity
 
$
659,896

 
$
(7,104
)
 
$
652,792