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Consolidated Statements of Income (unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Total revenues $ 199,943 $ 153,916
Cost of revenues    
Operating expenses 24,776 20,568
Depreciation and amortization 4,542 3,037
Total cost of revenues 29,318 23,605
Administrative expenses    
Sales and marketing 39,645 32,352
Research and development 18,489 11,250
General and administrative 45,198 32,657
Depreciation and amortization 4,805 3,032
Total administrative expenses 108,137 79,291
Total operating expenses 137,455 102,896
Operating income 62,488 51,020
Interest expense (276)  
Other income, net (100) 1,030
Income before income taxes 62,112 52,050
Provision for income taxes 14,830 10,890
Net income $ 47,282 $ 41,160
Earnings per share, basic $ 0.82 $ 0.71
Earnings per share, diluted $ 0.81 $ 0.70
Weighted average shares outstanding:    
Basic 57,357,490 57,793,023
Diluted 58,316,154 58,738,732
Recurring [Member]    
Revenues    
Total revenues $ 196,864 $ 151,885
Implementation and Other [Member]    
Revenues    
Total revenues $ 3,079 $ 2,031