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Segment and Related Information
6 Months Ended
Jun. 30, 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 platform and transformative solutions including digital solutions, payment processing, streamlined data processing, and improved operations and workflows.
We evaluate performance based on several factors. 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 our intercompany transactions relate to contracts involving more than one business 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 June 30, 2024Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues    
Subscriptions:
SaaS$136,045 $19,933 $— $155,978 
Transaction-based fees55,701 122,003 — 177,704 
Maintenance109,196 6,113 — 115,309 
Professional services58,731 13,197 — 71,928 
Software licenses and royalties5,319 10 — 5,329 
Hardware and other7,815 — 6,913 14,728 
Intercompany6,511 464 (6,975)— 
Total revenues$379,318 $161,720 $(62)$540,976 
Segment operating income (loss)$133,586 $34,909 $(67,375)$101,120 
For the three months ended June 30, 2023Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues
Subscriptions:
SaaS$111,019 $15,579 $— $126,598 
Transaction-based fees43,535 127,656 — 171,191 
Maintenance109,953 6,586 — 116,539 
Professional services55,256 11,164 — 66,420 
Software licenses and royalties9,479 300 — 9,779 
Hardware and other6,381 — 7,371 13,752 
Intercompany6,852 — (6,852)— 
Total revenues$342,475 $161,285 $519 $504,279 
Segment operating income (loss)$111,185 $38,797 $(60,818)$89,164 
For the six months ended June 30, 2024Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues
Subscriptions:
SaaS$264,187 $40,575 $— $304,762 
Transaction-based fees107,585 234,578 — 342,163 
Maintenance220,378 12,149 — 232,527 
Professional services113,624 23,110 — 136,734 
Software licenses and royalties13,890 173 — 14,063 
Hardware and other16,173 — 6,913 23,086 
Intercompany12,682 464 (13,146)— 
Total revenues$748,519 $311,049 $(6,233)$1,053,335 
Segment operating income (loss)$264,285 $63,164 $(131,994)$195,455 
For the six months ended June 30, 2023Enterprise
Software
Platform TechnologiesCorporateTotals
Revenues
Subscriptions:
SaaS$217,381 $31,132 $— $248,513 
Transaction-based fees85,587 244,154 — 329,741 
Maintenance220,035 11,635 — 231,670 
Professional services106,755 20,594 — 127,349 
Software licenses and royalties17,547 2,362 — 19,909 
Hardware and other11,580 — 7,371 18,951 
Intercompany11,935 — (11,935)— 
Total revenues$670,820 $309,877 $(4,564)$976,133 
Segment operating income (loss)$211,165 $68,335 $(118,028)$161,472 
Three Months Ended June 30,Six Months Ended June 30,
Reconciliation of reportable segment operating income to the Company's consolidated totals:2024202320242023
Total segment operating income$101,120 $89,164 $195,455 $161,472 
Amortization of acquired software(9,240)(8,924)(18,479)(17,844)
Amortization of other intangibles(13,845)(18,366)(31,963)(36,774)
Interest expense(1,253)(6,387)(3,437)(14,071)
Other income, net1,883 643 3,728 1,889 
Income before income taxes$78,665 $56,130 $145,304 $94,672