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Segment and Related Information
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
We report our results in two reportable segments. Business units that have met the aggregation criteria have been combined into our two reportable segments. The Enterprise Software ("ES") reportable segment provides public sector entities with software systems and services to meet their information technology and automation needs for mission-critical “back-office” functions such as: public administration solutions; courts and public safety solutions; education solutions, and property and recording solutions. The Platform Technologies ("PT") reportable segment provides public sector entities with software solutions to platform and transformative solutions including digital solutions, payment processing, streamlined data processing, and improve operations and workflows.
We evaluate performance based on several factors, of which the primary financial measure is business segment operating income. We define segment operating income for our business units as income before non-cash amortization of intangible assets associated with their acquisitions, interest expense, and income taxes. Segment operating income includes intercompany transactions. The majority of intercompany transactions relate to contracts involving more than one unit and are valued based on the contractual arrangement. Corporate segment operating loss primarily consists of compensation costs for the executive management team, certain shared services staff, and share-based compensation expense for the entire company. Corporate segment operating loss also includes revenues and expenses related to a company-wide user conference.
For the three months ended March 31, 2024Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues    
Subscriptions:
SaaS$128,142 $20,642 $— $148,784 
Transaction-based fees51,884 112,575 — 164,459 
Maintenance111,182 6,036 — 117,218 
Professional services54,893 9,913 — 64,806 
Software licenses and royalties8,571 163 — 8,734 
Hardware and other8,358 — — 8,358 
Intercompany6,171 — (6,171)— 
Total revenues$369,201 $149,329 $(6,171)$512,359 
Segment operating income (loss)$130,699 $28,255 $(64,619)$94,335 
For the three months ended March 31, 2023Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues
Subscriptions:
SaaS$106,362 $15,553 $— $121,915 
Transaction-based fees42,052 116,498 — 158,550 
Maintenance110,081 5,049 — 115,130 
Professional services51,499 9,430 — 60,929 
Software licenses and royalties8,068 2,062 — 10,130 
Hardware and other5,199 — — 5,199 
Intercompany5,083 — (5,083)— 
Total revenues$328,344 $148,592 $(5,083)$471,853 
Segment operating income (loss)$99,980 $29,537 $(57,210)$72,307 
Three Months Ended March 31,
Reconciliation of reportable segment operating income to the Company's consolidated totals:20242023
Total segment operating income$94,335 $72,307 
Amortization of acquired software(9,239)(8,920)
Amortization of other intangibles(18,118)(18,407)
Interest expense(2,184)(7,684)
Other income, net1,845 1,246 
Income before income taxes$66,639 $38,542