Financial Statement
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)
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Three Months Ended June 30, |
Six Months Ended June 30 |
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2014 | 2013 | 2014 | 2013 |
| Operating revenue | $51,476 | $51,004 | $102,880 | $103,570 |
| Operating expenses: |
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| Cost of services provided | 9,964 | 10,358 | 19,576 | 20,249 |
| Product development | 6,758 | 6,724 | 13,451 | 13,759 |
| Sales and marketing | 3,784 | 3,827 | 7,085 | 7,739 |
| General and administrative | 11,068 | 8,253 | 20,909 | 18,224 |
| Amortization and depreciation | 2,441 | 2,548 | 4,993 | 5,000 |
| Total operating expenses | 34,015 | 31,710 | 66,014 | 64,971 |
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| Operating income | 17,461 | 19,294 | 36,866 | 38,599 |
| Interest income | 130 | 91 | 265 | 184 |
| Interest expense | (211) | (281) | (458) | (643) |
| Other non-operating income (loss) | (139) | (1,425) | 315 | (1,343) |
| Foreign currency exchange gain (loss) | (336) | (123) | (455) | (293) |
| Income before income taxes | 16,905 | 17,556 | 36,533 | 36,504 |
| Income tax expense | (3,326) | (4,014) | (7,537) | (5,618) |
| Net income | $13,579 | $13,542 | $28,996 | $30,886 |
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| Basic earnings per common share | $0.35 | $0.36 | $0.76 | $0.83 |
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| Diluted earnings per common share | $0.35 | $0.35 | $0.75 | $0.80 |
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| Basic weighted average shares outstanding | 38,427 | 37,210 | 38,373 | 37,189 |
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| Diluted weighted average shares outstanding | 38,647 | 38,789 | 38,624 | 38,784 |
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