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Segment and Related Information (Tables)
12 Months Ended
Dec. 31, 2015
Segment Reporting [Abstract]  
Schedule of Segment Revenues and Operations

 

As of the year ended December 31, 2015

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

54,376

 

 

$

4,632

 

 

$

 

 

$

59,008

 

Subscriptions

 

 

107,090

 

 

 

4,843

 

 

 

 

 

 

111,933

 

Software services

 

 

129,068

 

 

 

10,784

 

 

 

 

 

 

139,852

 

Maintenance

 

 

227,586

 

 

 

17,951

 

 

 

 

 

 

245,537

 

Appraisal services

 

 

 

 

 

25,065

 

 

 

 

 

 

25,065

 

Hardware and other

 

 

6,935

 

 

 

12

 

 

 

2,680

 

 

 

9,627

 

Intercompany

 

 

4,025

 

 

 

 

 

 

(4,025

)

 

 

 

Total revenues

 

$

529,080

 

 

$

63,287

 

 

$

(1,345

)

 

$

591,022

 

Depreciation and amortization expense

 

 

15,413

 

 

 

867

 

 

 

3,294

 

 

 

19,574

 

Segment operating income

 

 

141,401

 

 

 

15,477

 

 

 

(38,490

)

 

 

118,388

 

Capital expenditures

 

 

6,112

 

 

 

646

 

 

 

6,746

 

 

 

13,504

 

Segment assets

 

$

265,877

 

 

$

22,283

 

 

$

1,068,410

 

 

$

1,356,570

 

 

 

As of the year ended December 31, 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

46,047

 

 

$

3,018

 

 

$

 

 

$

49,065

 

Subscriptions

 

 

84,322

 

 

 

3,526

 

 

 

 

 

 

87,848

 

Software services

 

 

104,146

 

 

 

9,675

 

 

 

 

 

 

113,821

 

Maintenance

 

 

195,881

 

 

 

16,815

 

 

 

 

 

 

212,696

 

Appraisal services

 

 

 

 

 

21,802

 

 

 

 

 

 

21,802

 

Hardware and other

 

 

5,398

 

 

 

11

 

 

 

2,460

 

 

 

7,869

 

Intercompany

 

 

2,812

 

 

 

 

 

 

(2,812

)

 

 

 

Total revenues

 

$

438,606

 

 

$

54,847

 

 

$

(352

)

 

$

493,101

 

Depreciation and amortization expense

 

 

11,140

 

 

 

866

 

 

 

2,599

 

 

 

14,605

 

Segment operating income

 

 

114,993

 

 

 

11,603

 

 

 

(25,370

)

 

 

101,226

 

Capital expenditures

 

 

3,644

 

 

 

359

 

 

 

5,446

 

 

 

9,449

 

Segment assets

 

$

170,369

 

 

$

16,463

 

 

$

382,980

 

 

$

569,812

 

 

 

 

As of the year ended December 31, 2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Enterprise

Software

Solutions

 

 

Appraisal and Tax

Software Solutions

and Services

 

 

Corporate

 

 

Totals

 

Revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Software licenses and royalties

 

$

38,774

 

 

$

2,067

 

 

$

 

 

$

40,841

 

Subscriptions

 

 

59,070

 

 

 

2,794

 

 

 

 

 

 

61,864

 

Software services

 

 

85,459

 

 

 

7,808

 

 

 

 

 

 

93,267

 

Maintenance

 

 

175,180

 

 

 

16,540

 

 

 

 

 

 

191,720

 

Appraisal services

 

 

 

 

 

20,825

 

 

 

 

 

 

20,825

 

Hardware and other

 

 

6,342

 

 

 

 

 

 

1,784

 

 

 

8,126

 

Intercompany

 

 

2,899

 

 

 

 

 

 

(2,899

)

 

 

 

Total revenues

 

$

367,724

 

 

$

50,034

 

 

$

(1,115

)

 

$

416,643

 

Depreciation and amortization expense

 

 

10,569

 

 

 

1,028

 

 

 

2,189

 

 

 

13,786

 

Segment operating income

 

 

85,045

 

 

 

9,428

 

 

 

(20,750

)

 

 

73,723

 

Capital expenditures

 

 

22,457

 

 

 

250

 

 

 

3,438

 

 

 

26,145

 

Segment assets

 

$

161,923

 

 

$

16,244

 

 

$

266,321

 

 

$

444,488

 

 

Reconciliation of Operating Income from Segments to Consolidated

 

Reconciliation of reportable segment operating

 

Years Ended December 31,

 

income to the Company's consolidated totals:

 

2015

 

 

2014

 

 

2013

 

Total segment operating income

 

$

118,388

 

 

$

101,226

 

 

$

73,723

 

Amortization of acquired software

 

 

(4,440

)

 

 

(1,858

)

 

 

(2,078

)

Amortization of customer and trade name intangibles

 

 

(5,905

)

 

 

(4,546

)

 

 

(4,517

)

Other income (expense), net

 

 

381

 

 

 

(355

)

 

 

(1,309

)

Income before income taxes

 

$

108,424

 

 

$

94,467

 

 

$

65,819