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Condensed Consolidated Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue:        
Wireless $ 27,024 $ 29,375 $ 83,055 $ 90,287
Software 18,331 16,806 52,322 52,002
Total revenue 45,355 46,181 135,377 142,289
Operating expenses:        
Cost of revenue 7,639 7,871 23,167 25,816
Service, rental and maintenance 11,898 11,117 34,510 33,376
Selling and marketing 5,955 6,572 18,912 20,409
General and administrative 10,593 10,410 31,542 31,883
Severance 12 141 9 1,645
Depreciation, amortization and accretion 3,229 3,413 9,787 10,608
Total operating expenses 39,326 39,524 117,927 123,737
Operating income 6,029 6,657 17,450 18,552
Interest income 67 1 176 3
Other income 85 784 443 1,110
Income before income tax expense 6,181 7,442 18,069 19,665
Income tax expense (2,123) (3,222) (7,116) (8,150)
Net income $ 4,058 $ 4,220 $ 10,953 $ 11,515
Basic net income per common share (usd per share) $ 0.20 $ 0.20 $ 0.53 $ 0.53
Diluted net income per common share (usd per share) $ 0.20 $ 0.20 $ 0.53 $ 0.53
Basic weighted average common shares outstanding (shares) 20,517,419 21,301,311 20,581,586 21,623,612
Diluted weighted average common shares outstanding (shares) 20,532,345 21,315,685 20,596,050 21,638,973
Cash dividends declared per common share (usd per share) $ 0.125 $ 0.125 $ 0.375 $ 0.375