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Condensed Consolidated Statements of Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
[1]
Jun. 30, 2022
[1]
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Operating revenue $ 118,430 $ 250,781 $ 361,191 $ 537,034
Operating expenses:        
Cost of services provided 33,757 169,330 190,236 380,173
Product development 10,947 10,223 20,930 20,481
Sales and marketing 3,582 4,511 6,913 8,276
General and administrative, net 36,110 31,736 73,577 58,649
Amortization and depreciation 4,893 4,874 9,909 9,238
Total operating expenses 89,289 220,674 301,565 476,817
Operating income 29,141 30,107 59,626 60,217
Interest income 52 66 133 128
Interest expense 24,614 11,664 46,877 21,915
Non-operating (loss) income (3,647) (408) (3,977) (1,142)
Foreign currency exchange gain (loss) (840) 3,229 (2,060) 4,123
Income before income taxes 92 21,330 6,845 41,411
Income tax (expense) benefit 164 2,478 787 4,182
Net income including noncontrolling interest (72) 18,852 6,058 37,229
Net loss attributable to noncontrolling interest (380) (491) (1,323) (1,305)
Net income attributable to Ebix, Inc. $ 308 $ 19,343 $ 7,381 $ 38,534
Basic earnings per common share attributable to Ebix, Inc. (in dollars per share) $ 0.01 $ 0.63 $ 0.24 $ 1.25
Diluted earnings per common share attributable to Ebix, Inc. (in dollars per share) $ 0.01 $ 0.63 $ 0.24 $ 1.25
Basic weighted average shares outstanding (in shares) 30,866 30,745 30,854 30,729
Diluted weighted average shares outstanding (in shares) 30,869 30,756 30,856 30,756
[1] Beginning April 1, 2023 Prepaid card revenues are presented on a net basis (based on new contractual changes) while periods preceding April 1, 2023 reflect prepaid card revenues on a gross basis. Please see (non- GAAP financials) table with both periods recast on a net basis, for comparison purposes under heading "Condensed Consolidated Statements of Income prepared on Net Basis for Comparative Purposes Only (Non GAAP)".