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Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue $ 125,673 $ 122,860 $ 372,719 $ 364,130
Cost of services:        
Compensation 49,012 48,298 149,784 142,042
Data processing 12,067 9,541 33,131 28,269
Occupancy 4,332 3,388 12,109 10,647
Direct project expenses 9,548 10,997 30,092 36,952
Other operating expenses 7,446 8,465 21,212 20,649
Amortization of acquisition related software and intangible assets 8,167 6,390 21,825 20,416
Total cost of services 90,572 87,079 268,153 258,975
Selling, general and administrative expenses 22,240 23,131 73,400 66,245
Total operating expenses 112,812 110,210 341,553 325,220
Operating income 12,861 12,650 31,166 38,910
Interest expense (3,109) (2,121) (7,734) (6,313)
Interest income 14 105 201 215
Income before income taxes 9,766 10,634 23,633 32,812
Income taxes 3,394 (3,412) 9,302 4,326
Net income $ 6,372 $ 14,046 $ 14,331 $ 28,486
Basic income per common share:        
Net income per common share -- basic (in dollars per share) $ 0.08 $ 0.17 $ 0.17 $ 0.34
Diluted income per common share:        
Net income per common share -- diluted (in dollars per share) $ 0.07 $ 0.17 $ 0.17 $ 0.33
Weighted average shares:        
Basic (in shares) 83,923 84,101 83,778 84,338
Diluted (in shares) 85,730 84,853 85,586 85,993