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Unaudited Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Total revenues $ 196,532 $ 175,006 $ 620,487 $ 544,262
Cost of revenues        
Operating expenses 24,278 21,088 71,651 66,153
Depreciation and amortization 6,634 5,304 18,865 14,796
Total cost of revenues 30,912 26,392 90,516 80,949
Administrative expenses        
Sales and marketing 62,146 47,060 173,228 128,280
Research and development 21,772 19,605 65,171 54,869
General and administrative 40,516 25,728 121,487 98,386
Depreciation and amortization 7,150 5,665 20,209 15,848
Total administrative expenses 131,584 98,058 380,095 297,383
Total operating expenses 162,496 124,450 470,611 378,332
Operating income 34,036 50,556 149,876 165,930
Interest expense   (260) (19) (794)
Other income (expense), net 246 195 (522) (168)
Income before income taxes 34,282 50,491 149,335 164,968
Provision for income taxes 6,800 11,339 30,249 29,772
Net income $ 27,482 $ 39,152 $ 119,086 $ 135,196
Earnings per share, basic $ 0.48 $ 0.68 $ 2.07 $ 2.35
Earnings per share, diluted $ 0.47 $ 0.67 $ 2.04 $ 2.31
Weighted average shares outstanding:        
Basic 57,603 57,654 57,609 57,528
Diluted 58,171 58,383 58,312 58,403
Recurring [Member]        
Revenues        
Total revenues $ 192,664 $ 171,405 $ 609,109 $ 534,267
Implementation and Other [Member]        
Revenues        
Total revenues $ 3,868 $ 3,601 $ 11,378 $ 9,995