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Condensed Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Recurring $ 47,820 $ 32,666 $ 102,171 $ 69,120
Implementation and other 1,153 640 2,024 1,171
Total revenues 48,973 33,306 104,195 70,291
Cost of revenues        
Operating expenses 7,134 5,757 14,605 12,049
Depreciation and amortization 887 608 1,697 1,238
Total cost of revenues 8,021 6,365 16,302 13,287
Administrative expenses        
Sales and marketing 16,741 13,700 37,970 29,381
Research and development 1,907 937 3,774 1,819
General and administrative 10,096 8,138 22,080 17,406
Depreciation and amortization 1,400 1,072 2,723 2,163
Total administrative expenses 30,144 23,847 66,547 50,769
Total operating expenses 38,165 30,212 82,849 64,056
Operating income 10,808 3,094 21,346 6,235
Interest expense (392) (674) (724) (2,741)
Loss on early repayment of debt   (4,044)   (4,044)
Other income, net 19 587 52 1,356
Income (loss) before income taxes 10,435 (1,037) 20,674 806
Provision (benefit) for income taxes 4,489 (444) 8,733 339
Net income (loss) $ 5,946 $ (593) $ 11,941 $ 467
Net income (loss) per share, basic $ 0.10 $ (0.01) $ 0.21 $ 0.01
Net income (loss) per share, diluted $ 0.10 $ (0.01) $ 0.21 $ 0.01
Weighted average shares outstanding:        
Basic 57,038,021 50,284,362 55,900,306 48,015,577
Diluted 58,369,083 50,284,362 57,469,918 50,331,002