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Consolidated Statements of Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 242,368 $ 199,943
Cost of revenues    
Operating expenses 24,116 24,776
Depreciation and amortization 5,930 4,542
Total cost of revenues 30,046 29,318
Administrative expenses    
Sales and marketing 55,018 39,645
Research and development 21,621 18,489
General and administrative 40,134 45,198
Depreciation and amortization 6,285 4,805
Total administrative expenses 123,058 108,137
Total operating expenses 153,104 137,455
Operating income 89,264 62,488
Interest expense (16) (276)
Other income (expense), net (930) (100)
Income before income taxes 88,318 62,112
Provision for income taxes 25,303 14,830
Net income $ 63,015 $ 47,282
Earnings per share, basic $ 1.09 $ 0.82
Earnings per share, diluted $ 1.08 $ 0.81
Weighted average shares outstanding:    
Basic 57,655 57,357
Diluted 58,440 58,316
Recurring [Member]    
Revenues    
Total revenues $ 238,495 $ 196,864
Implementation and Other [Member]    
Revenues    
Total revenues $ 3,873 $ 3,079