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Consolidated Statements of Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenues      
Recurring $ 323,548 $ 219,987 $ 148,207
Implementation and other 5,593 4,666 2,722
Total revenues 329,141 224,653 150,929
Cost of revenues      
Operating expenses 48,268 31,790 24,694
Depreciation and amortization 5,798 3,683 2,624
Total cost of revenues 54,066 35,473 27,318
Administrative expenses      
Sales and marketing 119,258 92,554 63,547
Research and development 20,966 8,627 4,325
General and administrative 69,046 47,826 35,501
Depreciation and amortization 7,834 5,738 4,538
Total administrative expenses 217,104 154,745 107,911
Total operating expenses 271,170 190,218 135,229
Operating income 57,971 34,435 15,700
Interest expense (1,036) (1,427) (3,421)
Net loss on early repayment of debt     (4,044)
Other income, net 308 517 1,421
Income before income taxes 57,243 33,525 9,656
Provision for income taxes 13,403 12,580 3,993
Net income $ 43,840 $ 20,945 $ 5,663
Earnings per share, basic $ 0.76 $ 0.37 $ 0.11
Earnings per share, diluted $ 0.74 $ 0.36 $ 0.11
Weighted average shares outstanding:      
Basic 57,550,204 56,495,170 49,784,154
Diluted 58,968,099 57,919,700 51,857,309