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Accounting Standards and Significant Accounting Policies (Tables)

9 Months Ended

Sep. 30, 2018

Accounting Policies [Abstract]

Schedule of summary the changes in the allowances for doubtful accounts and sales adjustments

The following table summarizes the changes in the allowance for doubtful accounts:

	September 30, 2018
Balance, beginning of period December 31, 2017	$	5,427
Provisions for losses - accounts receivable	1,714
Collection of accounts previously written off	(212		)
Deductions for accounts charged off or credits issued	(1,819		)
Balance, end of period	$	5,110

Schedule of adjusted our condensed consolidated financial statements from amounts previously reported due to the adoption of ASU No. 2014-09

We adjusted our condensed consolidated financial statements from amounts previously reported due to the adoption of the new standard. Select unaudited condensed consolidated statement of income line items, which reflect the adoption of the new standard, are as follows (in thousands, except per share data):

		Three Months Ended September 30, 2017												Nine Months Ended September 30, 2017
		As Reported				Adjustments				As Adjusted				As Reported				Adjustments				As Adjusted
Statement of Income:
Software licenses and royalties		$	19,842			$	2,920			$	22,762			$	55,172			$	8,654			$	63,826
Subscriptions		44,840				(488		)		44,352				125,889				(1,158		)		124,731
Software services		47,479				(1,434		)		46,045				139,869				(5,468		)		134,401
Maintenance		92,285				(438		)		91,847				268,556				(1,591		)		266,965
Appraisal services		6,290				—				6,290				19,268				—				19,268
Hardware and other		3,410				—				3,410				14,057				(50		)		14,007
Total revenues		214,146				560				214,706				622,811				387				623,198
Selling, general and administrative expenses		44,656				(143		)		44,513				131,249				(956		)		130,293
Amortization of customer and trade name intangibles		3,492				(132		)		3,360				10,413				(397		)		10,016
Operating income		43,447				835				44,282				116,671				1,740				118,411
Income tax provision		5,259				262				5,521				14,308				512				14,820
Net income		$	38,263			$	573			$	38,836			$	102,147			$	1,228			$	103,375
Earnings per common share:
Basic		$	1.02							$	1.04			$	2.74							$	2.78
Diluted		$	0.97							$	0.99			$	2.60							$	2.63

Select condensed consolidated balance sheet line items, which reflect the adoption of the new standard, are as follows (in thousands):

	December 31, 2017
	As Reported				Adjustments				As Adjusted
Balance Sheet:
Accounts receivable	$	227,127			$	19,061			$	246,188
Prepaid expenses	27,252				4,954				32,206
Accounts receivable, long-term	7,536				4,571				12,107
Other intangibles, net	236,444				(6,827		)		229,617
Total assets	1,589,592				21,759				1,611,351
Deferred revenue	309,461				(10,848		)		298,613
Deferred income taxes	38,914				7,965				46,879
Retained earnings	599,821				24,642				624,463
Total liabilities and shareholders' equity	$	1,589,592			$	21,759			$	1,611,351

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Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables.

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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