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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenue:      
Wireless $ 119,014 $ 132,402 $ 149,448
Software 70,614 67,871 60,304
Total revenue 189,628 200,273 209,752
Operating expenses:      
Cost of revenue 33,851 32,556 27,915
Service, rental and maintenance 44,401 45,485 47,471
Selling and marketing 27,446 30,013 26,617
General and administrative 42,159 45,896 46,105
Severance 2,701 1,495 983
Depreciation, amortization and accretion 13,970 16,677 15,167
Total operating expenses 164,528 172,122 164,258
Operating income 25,100 28,151 45,494
Interest income (expense), net 16 (456) (260)
Other income (expense), net 1,182 (368) 105
Income before income tax expense 26,298 27,327 45,339
Income tax benefit (expense) 57,937 (6,582) (17,809)
Net income $ 84,235 $ 20,745 $ 27,530
Basic net income per common share (usd per share) $ 3.99 $ 0.96 $ 1.27
Diluted net income per common share (usd per share) $ 3.98 $ 0.94 $ 1.25
Basic weighted average common shares outstanding (shares) 21,120,268 21,621,466 21,648,654
Diluted weighted average common shares outstanding (shares) 21,186,750 22,090,770 22,010,523
Cash distributions declared per common share (usd per share) $ 0.63 $ 0.50 $ 0.50