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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
Wireless revenue $ 29,375 $ 32,855 $ 90,287 $ 100,724
Software revenue 16,806 16,936 52,002 48,280
Total revenue 46,181 49,791 142,289 149,004
Operating expenses:        
Cost of revenue 7,871 8,000 25,816 21,985
Service, rental and maintenance 11,117 10,988 33,376 34,200
Selling and marketing 6,572 7,072 20,409 22,098
General and administrative 10,410 10,866 31,883 33,991
Severance and restructuring 141 545 1,645 569
Depreciation, amortization and accretion 3,413 4,247 10,608 12,628
Total operating expenses 39,524 41,718 123,737 125,471
Operating income 6,657 8,073 18,552 23,533
Interest income (expense), net 1 (63) 3 (194)
Other income (expense), net 784 (2) 1,110 (180)
Income before income tax expense 7,442 8,008 19,665 23,159
Income tax expense (3,222) (3,356) (8,150) (9,326)
Net income $ 4,220 $ 4,652 $ 11,515 $ 13,833
Basic net income per common share (usd per share) $ 0.20 $ 0.21 $ 0.53 $ 0.64
Diluted net income per common share (usd per share) $ 0.20 $ 0.21 $ 0.53 $ 0.63
Basic weighted average common shares outstanding (shares) 21,301,311 21,651,347 21,623,612 21,643,951
Diluted weighted average common shares outstanding (shares) 21,352,838 22,135,554 21,687,526 22,089,892
Cash dividends declared per common share (usd per share) $ 0.125 $ 0.125 $ 0.375 $ 0.375