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Segment and Related Information
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment and Related Information Segment and Related Information
Reportable operating segments are determined based on the Company’s management approach. The management approach, as defined by FASB ASC 280 “Segment Reporting,” is based on the way that the Chief Operating Decision Maker (“CODM”) organizes the segments within an enterprise for making decisions about resources to be allocated and assessing their performance. Our CODM, for purposes of FASB ASC 280, is our chief executive officer.
We report our results in two reportable segments. Our reportable segments are organized on the basis of a combination of the products and services they deliver to clients and the function the public sector client performs. Operating segments 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.
The CODM uses segment operating income or loss to assess performance and to allocate resources (including employees, property, and financial or capital resources) for each segment, predominantly in the annual budget and forecasting process. During the fiscal periods presented, we had no significant transactions between reportable segments. Corporate unallocated amounts are comprised of non-cash amortization of intangible assets associated with acquisitions, depreciation associated with unallocated property and equipment assets, compensation costs for the executive management team and certain shared services staff, and share-based compensation expense for the entire company. Corporate unallocated amounts also include incidental revenues and expenses related to a company-wide user conference and rental income.
For the three months ended March 31, 2025
Enterprise Software
Platform Technologies
Totals
Revenues   
Subscriptions:
SaaS$158,741 $21,339 
Transaction-based fees69,839 125,070 
Maintenance106,979 5,822 
Professional services54,593 9,457 
Software licenses and royalties6,994 — 
Hardware and other5,600 41 
Total segment revenues402,746 161,729 564,475 
Less:
Cost of revenues169,287 108,993 
Sales and marketing expense25,267 4,731 
General and administrative expense11,592 13,401 
Research and development expense37,680 4,318 
Segment operating income
$158,920 $30,286 $189,206 
For the three months ended March 31, 2024
Enterprise Software
Platform TechnologiesTotals
Revenues
Subscriptions:
SaaS$128,142 $20,642 
Transaction-based fees51,884 112,575 
Maintenance111,182 6,036 
Professional services54,893 9,913 
Software licenses and royalties8,571 163 
Hardware and other8,358 — 
Total segment revenues363,030 149,329 512,359 
Less:
Cost of revenues170,805 98,538 
Sales and marketing expense25,226 5,664 
General and administrative expense11,448 13,493 
Research and development expense24,852 3,379 
Segment operating income
$130,699 $28,255 $158,954 
Three Months Ended March 31,
Reconciliation of reportable segment operating income to the Company's consolidated totals:20252024
Total segment operating income$189,206 $158,954 
Corporate unallocated:
Total revenues690 — 
Cost of revenues(19,804)(19,350)
Sales and marketing expense(6,475)(5,537)
General and administrative expense(54,459)(47,769)
Research and development expense(5,846)(1,202)
Amortization of other intangibles(14,139)(18,118)
Interest expense(1,246)(2,184)
Other income, net7,363 1,845 
Income before income taxes$95,290 $66,639 
The following table presents reconciliations of segment revenues from external customers and other segment information to the Company’s consolidated totals:
Three Months Ended March 31,
Revenues:20252024
ES$402,746 $363,030 
PT161,729 149,329 
Corporate unallocated690 — 
Total consolidated$565,165 $512,359 
Depreciation and amortization expense:
ES$6,607 $10,496 
PT22,217 23,756 
Corporate unallocated5,797 5,845 
Total consolidated$34,621 $40,097 
Software development expenditures:
ES$1,549 $1,621 
PT3,991 4,233 
Corporate 10 1,532 
Total consolidated$5,550 $7,386 
Capital expenditures:
ES$730 $6,400 
PT939 687 
Corporate 666 195 
Total consolidated$2,335 $7,282 
Segment assets:March 31, 2025December 31, 2024
ES$500,481 $572,224 
PT477,314 416,635 
Corporate
4,214,339 4,191,156 
Total consolidated$5,192,134 $5,180,015 
Segment assets primarily consist of net accounts receivable, prepaid expenses and other current assets, and net property and equipment and software development costs. Corporate assets primarily consist of cash and investments; prepaid insurance; goodwill and intangibles associated with acquisitions; deferred income taxes; software development costs, net; and net property and equipment mainly related to unallocated information and technology assets. Certain presentation items from previous years have been adjusted to conform with current year presentation.