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BASIS OF PRESENTATION | 6 Months Ended
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Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
BASIS OF PRESENTATION | BASIS OF PRESENTATION Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared pursuant to the rules and regulations of the Securities and Exchange Commission (the “SEC”) and include all adjustments that, in the opinion of management, are necessary for a fair presentation of the results of the periods presented. All such adjustments are considered of a normal recurring nature. Quarterly results of operations are not necessarily indicative of annual results. Certain footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. The condensed consolidated balance sheet as of December 31, 2023 was derived from the audited consolidated balance sheet at that date. These unaudited condensed consolidated financial statements should be read in conjunction with the audited financial statements of TruBridge, Inc. (“TruBridge” or the “Company”) for the year ended December 31, 2023 and the notes thereto contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023. In May 2024, the Company realigned its reporting structure due to certain organizational changes. As a result, the Company changed from three reportable segments of (i) Revenue Cycle Management (“RCM”), (ii) Electronic Health Records (“EHR”), and (iii) Patient Engagement to two reportable segments of (i) RCM and (ii) EHR. The Patient Engagement segment results have been transitioned into the EHR segment. This change is intended to improve connectivity and alignment between the two business units to better serve our clients and more accurately reflect how the Company’s management views and operates the business. All prior segment information has been recast to reflect the Company's new segment structure and current period presentation. Refer to Note 17 - Segment Reporting for more information. During the third quarter of 2023, we changed the presentation of certain costs previously recorded within the expense captions of "Product development" and "General and administrative" to better comply with the disclosure requirements of Staff Accounting Bulletin Topic 11.B. Miscellaneous Disclosure: Depreciation and Depletion Excluded from Cost of Sales. These changes are summarized as follows: •Amortization expense associated with capitalized software development costs, previously recorded within the expense caption of "Product development," has been combined with amounts previously recorded within the expense caption "Amortization of acquisition-related intangibles" and reflected in a newly-presented expense caption of "Amortization." •Depreciation expense previously recorded within the expense caption of "General and administrative" has been reclassified within the newly-presented expense caption of "Depreciation." •The expense caption previously labeled as "Costs of sales" has been renamed "Costs of revenue (exclusive of amortization and depreciation)," with the previously reported reference to "Gross profit" removed from the current presentation. The following table provides the amounts reclassified for the three and six months ended June 30, 2023.
| Three Months Ended June 30, 2023
(in thousands) | As previously reported |  | Re-classifications |  | As reclassified |  |  |  | As currently reported
Costs of revenue (exclusive of amortization and depreciation) |  |  |  |  |  |  |  |  |
RCM | $ | 27,119 |  |  | $ | — |  |  | $ | 27,119 |  |  |  |  | $ | 27,119 |
EHR | 17,014 |  |  | — |  |  | 17,014 |  |  |  |  | 17,014 |
Other expenses |  |  |  |  |  |  |  |  |
Product development | 10,595 |  |  | (1,826) |  |  | 8,769 |  |  |  |  | 8,769 |
Sales and marketing | 8,132 |  |  | — |  |  | 8,132 |  |  |  |  | 8,132 |
General and administrative | 19,654 |  |  | (597) |  |  | 19,057 |  |  |  |  | 19,057 |
Amortization of acquisition-related intangibles | 4,014 |  |  | (4,014) |  |  | — |  |  |  |  | — |
Amortization | — |  |  | 5,840 |  |  | 5,840 |  |  |  |  | 5,840 |
Depreciation | — |  |  | 597 |  |  | 597 |  |  |  |  | 597 |
| Six Months Ended June 30, 2023
(in thousands) | As previously reported |  | Re-classifications |  | As reclassified |  | As currently reported
Costs of revenue (exclusive of amortization and depreciation) |  |  |  |  |  |  |
RCM | $ | 54,302 |  |  | $ | — |  |  | $ | 54,302 |  |  | $ | 54,302 |
EHR | 34,008 |  |  | — |  |  | 34,008 |  |  | 34,008 |
Other expenses |  |  |  |  |  |  |
Product development | 20,434 |  |  | (3,313) |  |  | 17,121 |  |  | 17,121 |
Sales and marketing | 15,089 |  |  | — |  |  | 15,089 |  |  | 15,089 |
General and administrative | 34,604 |  |  | (1,094) |  |  | 33,510 |  |  | 33,510 |
Amortization of acquisition-related intangibles | 8,029 |  |  | (8,029) |  |  | — |  |  | — |
Amortization | — |  |  | 11,341 |  |  | 11,341 |  |  | 11,341 |
Depreciation | — |  |  | 1,095 |  |  | 1,095 |  |  | 1,095 |
Principles of Consolidation The condensed consolidated financial statements of TruBridge include the accounts of the Company and its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated.

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