Selected Quarterly Financial Data

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data

Selected Quarterly Financial Data (unaudited)

	Fiscal Quarter Ended
	December 31, 2018			September 30, 2018			June 30, 2018			March 31, 2018			December 31, 2017			September 30, 2017			June 30, 2017			March 31, 2017
	(in thousands, except per share amounts)
Revenues:
Healthcare	$	65,376		$	66,125		$	68,104		$	75,256		$	66,046		$	65,893		$	68,202		$	74,674
COBRA	26,045			25,081			26,200			28,835			29,142			26,897			27,018			28,550
Commuter	19,426			18,785			18,847			18,878			18,508			17,987			17,836			18,543
Other	4,218			3,980			3,357			3,671			4,384			4,069			4,076			4,270
Total revenues	115,065			113,971			116,508			126,640			118,080			114,846			117,132			126,037
Operating expenses:
Cost of revenues (excluding amortization of internal use software)	39,533			33,886			36,143			45,242			43,223			39,031			43,319			48,088
Technology and development, sales and marketing, general and administrative, and employee termination and other charges	59,802			61,454			53,664			56,620			49,547			50,365			48,619			45,581
Amortization	10,772			10,502			10,191			9,991			9,858			9,402			9,393			9,237
Total operating expenses	110,107			105,842			99,998			111,853			102,628			98,798			101,331			102,906
Income from operations	4,958			8,129			16,510			14,787			15,452			16,048			15,801			23,131
Other, net	(1,317		)	(1,071		)	(965		)	(916		)	(1,443		)	(1,749		)	(1,680		)	(1,590		)
Income before income taxes	3,641			7,058			15,545			13,871			14,009			14,299			14,121			21,541
Income tax (provision) benefit	(1,738		)	(4,934		)	(4,621		)	(2,852		)	(5,020		)	(5,236		)	6,157			(5,484		)
Net income	$	1,903		$	2,124		$	10,924		$	11,019		$	8,989		$	9,063		$	20,278		$	16,057
Net income per share:
Basic	$	0.05		$	0.05		$	0.27		$	0.28		$	0.23		$	0.23		$	0.54		$	0.43
Diluted	$	0.05		$	0.05		$	0.27		$	0.27		$	0.23		$	0.23		$	0.53		$	0.42
Shares used in computing net income per share:
Basic	39,853			39,853			39,853			39,823			38,447			39,641			37,419			37,025
Diluted	40,340			40,492			40,412			40,480			39,415			40,264			38,613			38,441