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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Recurring $ 88,904 $ 54,351
Implementation and other 1,222 871
Total revenues 90,126 55,222
Cost of revenues    
Operating expenses 10,785 7,471
Depreciation and amortization 1,186 810
Total cost of revenues 11,971 8,281
Administrative expenses    
Sales and marketing 28,662 21,229
Research and development 3,860 1,867
General and administrative 15,206 11,984
Depreciation and amortization 1,723 1,323
Total administrative expenses 49,451 36,403
Total operating expenses 61,422 44,684
Operating income 28,704 10,538
Interest expense (311) (332)
Other income, net 34 33
Income before income taxes 28,427 10,239
Provision for income taxes 9,839 4,244
Net income $ 18,588 $ 5,995
Earnings per share, basic $ 0.32 $ 0.11
Earnings per share, diluted $ 0.31 $ 0.11
Weighted average shares outstanding:    
Basic 57,132,909 54,749,951
Diluted 58,362,040 56,562,661