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Segment and Related Information | 9 Months Ended
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Sep. 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 September 30, 2024 |  | Enterprise Software |  | Platform Technologies |  | Corporate |  | Totals
Revenues |  |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |  |
SaaS |  | $ | 144,445 |  |  | $ | 22,179 |  |  | $ | — |  |  | $ | 166,624 |
Transaction-based fees |  | 61,561 |  |  | 118,985 |  |  | — |  |  | 180,546 |
Maintenance |  | 109,346 |  |  | 6,241 |  |  | — |  |  | 115,587 |
Professional services |  | 53,947 |  |  | 10,515 |  |  | — |  |  | 64,462 |
Software licenses and royalties |  | 5,424 |  |  | 764 |  |  | — |  |  | 6,188 |
Hardware and other |  | 9,025 |  |  | 905 |  |  | — |  |  | 9,930 |
Intercompany |  | 6,983 |  |  | 4,765 |  |  | (11,748) |  |  | — |
Total revenues |  | $ | 390,731 |  |  | $ | 164,354 |  |  | $ | (11,748) |  |  | $ | 543,337 |
Segment operating income (loss) |  | $ | 139,874 |  |  | $ | 32,866 |  |  | $ | (66,819) |  |  | $ | 105,921 |
For the three months ended September 30, 2023 |  | Enterprise Software |  | Platform Technologies |  | Corporate |  | Totals
Revenues |  |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |  |
SaaS |  | $ | 120,747 |  |  | $ | 17,762 |  |  | $ | — |  |  | $ | 138,509 |
Transaction-based fees |  | 45,176 |  |  | 111,505 |  |  | — |  |  | 156,681 |
Maintenance |  | 111,574 |  |  | 5,910 |  |  | — |  |  | 117,484 |
Professional services |  | 52,413 |  |  | 8,713 |  |  | — |  |  | 61,126 |
Software licenses and royalties |  | 7,531 |  |  | 3,023 |  |  | — |  |  | 10,554 |
Hardware and other |  | 10,371 |  |  | — |  |  | (41) |  |  | 10,330 |
Intercompany |  | 5,943 |  |  | — |  |  | (5,943) |  |  | — |
Total revenues |  | $ | 353,755 |  |  | $ | 146,913 |  |  | $ | (5,984) |  |  | $ | 494,684 |
Segment operating income (loss) |  | $ | 121,560 |  |  | $ | 31,411 |  |  | $ | (61,475) |  |  | $ | 91,496 |
For the nine months ended September 30, 2024 |  | Enterprise Software |  | Platform Technologies |  | Corporate |  | Totals
Revenues |  |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |  |
SaaS |  | $ | 408,632 |  |  | $ | 62,754 |  |  | $ | — |  |  | $ | 471,386 |
Transaction-based fees |  | 169,146 |  |  | 353,563 |  |  | — |  |  | 522,709 |
Maintenance |  | 329,724 |  |  | 18,390 |  |  | — |  |  | 348,114 |
Professional services |  | 167,571 |  |  | 33,625 |  |  | — |  |  | 201,196 |
Software licenses and royalties |  | 19,314 |  |  | 937 |  |  | — |  |  | 20,251 |
Hardware and other |  | 25,198 |  |  | 905 |  |  | 6,913 |  |  | 33,016 |
Intercompany |  | 19,665 |  |  | 5,229 |  |  | (24,894) |  |  | — |
Total revenues |  | $ | 1,139,250 |  |  | $ | 475,403 |  |  | $ | (17,981) |  |  | $ | 1,596,672 |
Segment operating income (loss) |  | $ | 404,159 |  |  | $ | 96,030 |  |  | $ | (198,813) |  |  | $ | 301,376 |
For the nine months ended September 30, 2023 |  | Enterprise Software |  | Platform Technologies |  | Corporate |  | Totals
Revenues |  |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |  |
SaaS |  | $ | 338,128 |  |  | $ | 48,894 |  |  | $ | — |  |  | $ | 387,022 |
Transaction-based fees |  | 130,761 |  |  | 355,661 |  |  | — |  |  | 486,422 |
Maintenance |  | 331,609 |  |  | 17,545 |  |  | — |  |  | 349,154 |
Professional services |  | 159,168 |  |  | 29,307 |  |  | — |  |  | 188,475 |
Software licenses and royalties |  | 25,078 |  |  | 5,385 |  |  | — |  |  | 30,463 |
Hardware and other |  | 21,951 |  |  | — |  |  | 7,330 |  |  | 29,281 |
Intercompany |  | 17,878 |  |  | — |  |  | (17,878) |  |  | — |
Total revenues |  | $ | 1,024,573 |  |  | $ | 456,792 |  |  | $ | (10,548) |  |  | $ | 1,470,817 |
Segment operating income (loss) |  | $ | 332,725 |  |  | $ | 99,746 |  |  | $ | (179,503) |  |  | $ | 252,968 |
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Reconciliation of reportable segment operating income to the Company's consolidated totals: |  | 2024 |  | 2023 |  | 2024 |  | 2023
Total segment operating income |  | $ | 105,921 |  |  | $ | 91,496 |  |  | $ | 301,376 |  |  | $ | 252,968 |
Amortization of acquired software |  | (9,244) |  |  | (9,035) |  |  | (27,723) |  |  | (26,879) |
Amortization of other intangibles |  | (13,850) |  |  | (18,526) |  |  | (45,813) |  |  | (55,300) |
Interest expense |  | (1,235) |  |  | (5,808) |  |  | (4,672) |  |  | (19,879) |
Other income, net |  | 4,504 |  |  | 787 |  |  | 8,232 |  |  | 2,676 |
Income before income taxes |  | $ | 86,096 |  |  | $ | 58,914 |  |  | $ | 231,400 |  |  | $ | 153,586 |

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