XML 31 R10.htm IDEA: XBRL DOCUMENT
v3.25.4

SEGMENT AND RELATED INFORMATION | 12 Months Ended
--- | ---
Dec. 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 that 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. The accounting policies of the reportable segments are the same as those described in Note 1, “Summary of Significant Accounting Policies.
For the year ended December 31, 2025 | Enterprise Software |  | Platform Technologies |  |  |  |  |  | Totals
Revenues |  |  |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |  |  |
SaaS | $ | 691,288 |  |  | $ | 86,481 |  |  |  |  |  |  |
Transaction-based fees | 318,143 |  |  | 490,291 |  |  |  |  |  |  |
Maintenance | 422,886 |  |  | 22,728 |  |  |  |  |  |  |
Professional services | 213,749 |  |  | 28,951 |  |  |  |  |  |  |
Software licenses and royalties | 13,049 |  |  | (233) |  |  |  |  |  |  |
Hardware and other | 35,306 |  |  | 336 |  |  |  |  |  |  |
Total segment revenues | 1,694,421 |  |  | 628,554 |  |  |  |  |  |  | 2,322,975 |
Less: |  |  |  |  |  |  |  |  |
Cost of revenues | 725,718 |  |  | 431,657 |  |  |  |  |  |  |
Sales and marketing expense | 101,243 |  |  | 19,931 |  |  |  |  |  |  |
General and administrative expense | 45,483 |  |  | 53,057 |  |  |  |  |  |  |
Research and development expense | 161,346 |  |  | 17,845 |  |  |  |  |  |  |
Segment operating income | $ | 660,631 |  |  | $ | 106,064 |  |  |  |  |  |  | $ | 766,695 |
For the year ended December 31, 2024 | Enterprise Software |  | Platform Technologies |  |  |  | Totals
Revenues |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |
SaaS | $ | 559,842 |  |  | $ | 84,937 |  |  |  |  |
Transaction-based fees | 234,633 |  |  | 463,519 |  |  |  |  |
Maintenance | 438,455 |  |  | 24,677 |  |  |  |  |
Professional services | 219,933 |  |  | 44,058 |  |  |  |  |
Software licenses and royalties | 25,292 |  |  | 1,065 |  |  |  |  |
Hardware and other | 33,447 |  |  | 992 |  |  |  |  |
Total segment revenues | 1,511,602 |  |  | 619,248 |  |  |  |  | 2,130,850 |
Less: |  |  |  |  |  |  |
Cost of revenues | 706,952 |  |  | 411,351 |  |  |  |  |
Sales and marketing expense | 109,981 |  |  | 21,618 |  |  |  |  |
General and administrative expense | 48,072 |  |  | 57,627 |  |  |  |  |
Research and development expense | 100,182 |  |  | 12,126 |  |  |  |  |
Segment operating income | $ | 546,415 |  |  | $ | 116,526 |  |  |  |  | $ | 662,941 |
For the year ended December 31, 2023 | Enterprise Software |  | Platform Technologies |  |  |  | Totals
Revenues |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |
SaaS | $ | 459,544 |  |  | $ | 68,433 |  |  |  |  |
Transaction-based fees | 174,718 |  |  | 456,817 |  |  |  |  |
Maintenance | 442,781 |  |  | 23,880 |  |  |  |  |
Professional services | 209,727 |  |  | 40,249 |  |  |  |  |
Software licenses and royalties | 32,709 |  |  | 5,387 |  |  |  |  |
Hardware and other | 30,176 |  |  | — |  |  |  |  |
Total segment revenues | 1,349,655 |  |  | 594,766 |  |  |  |  | 1,944,421 |
Less: |  |  |  |  |  |  |
Cost of revenues | 653,407 |  |  | 368,017 |  |  |  |  |
Sales and marketing expense | 102,325 |  |  | 25,196 |  |  |  |  |
General and administrative expense | 57,481 |  |  | 64,406 |  |  |  |  |
Research and development expense | 92,686 |  |  | 12,701 |  |  |  |  |
Segment operating income | $ | 443,756 |  |  | $ | 124,446 |  |  |  |  | $ | 568,202 |
Reconciliation of reportable segment operating income to the Company's consolidated totals: | Years Ended December 31,
| 2025 |  | 2024 |  | 2023
Total segment operating income | $ | 766,695 |  |  | $ | 662,941 |  |  | $ | 568,202 |
Corporate unallocated: |  |  |  |  |
Total revenues | 9,365 |  |  | 6,953 |  |  | 7,330 |
Cost of revenues | (91,265) |  |  | (83,739) |  |  | (69,228) |
Sales and marketing expense | (27,396) |  |  | (26,132) |  |  | (22,249) |
General and administrative expense | (217,907) |  |  | (195,239) |  |  | (186,688) |
Research and development expense | (25,397) |  |  | (5,631) |  |  | (4,198) |
Amortization of other intangibles | (56,419) |  |  | (59,627) |  |  | (74,632) |
Interest expense | (4,995) |  |  | (5,931) |  |  | (23,629) |
Other income, net | 37,637 |  |  | 14,572 |  |  | 3,328 |
Income before income taxes | $ | 390,318 |  |  | $ | 308,167 |  |  | $ | 198,236 |
The following table presents reconciliations of segment revenues from external customers and other segment information to the Company’s consolidated totals:
| Years Ended December 31,
| 2025 |  | 2024 |  | 2023
Revenues: |  |  |  |  |
ES | $ | 1,694,421 |  |  | $ | 1,511,602 |  |  | $ | 1,349,655 |
PT | 628,554 |  |  | 619,248 |  |  | 594,766 |
Corporate unallocated | 9,365 |  |  | 6,953 |  |  | 7,330 |
Total consolidated | $ | 2,332,340 |  |  | $ | 2,137,803 |  |  | $ | 1,951,751 |
Depreciation and amortization expense: |  |  |  |  |
ES | $ | 29,372 |  |  | $ | 37,179 |  |  | $ | 25,445 |
PT | 89,476 |  |  | 89,372 |  |  | 110,354 |
Corporate unallocated | 19,510 |  |  | 16,886 |  |  | 18,280 |
Total consolidated | $ | 138,358 |  |  | $ | 143,437 |  |  | $ | 154,079 |
Software development expenditures: |  |  |  |  |
ES | $ | 2,387 |  |  | $ | 7,612 |  |  | $ | 6,619 |
PT | 14,160 |  |  | 15,558 |  |  | 15,840 |
Corporate | 231 |  |  | 6,231 |  |  | 10,031 |
Total consolidated | $ | 16,778 |  |  | $ | 29,401 |  |  | $ | 32,490 |
Capital expenditures: |  |  |  |  |
ES | $ | 4,980 |  |  | $ | 15,283 |  |  | $ | 16,788 |
PT | 5,739 |  |  | 4,168 |  |  | 2,380 |
Corporate | 5,296 |  |  | 1,084 |  |  | 1,351 |
Total consolidated | $ | 16,015 |  |  | $ | 20,535 |  |  | $ | 20,519 |
| Years ended December 31,
| 2025 | 2024
Segment assets |  |
ES | $ | 534,864 |  | $ | 572,224 |
PT | 416,998 |  | 416,635 |
Corporate | 4,687,046 |  | 4,191,156 |
Total consolidated | $ | 5,638,908 |  | $ | 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, net. Corporate assets primarily consist of cash and investments; prepaid insurance; goodwill and intangibles associated with acquisitions; deferred income taxes; software development costs, net; and property and equipment, net mainly related to unallocated information and technology assets. Certain presentation items from previous years have been adjusted to conform with current year presentation.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-31 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-15 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-42 Reference 7: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482964/270-10-50-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (ee) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 11: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-32 Reference 12: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 13: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 14: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 15: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 16: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 54 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-54 Reference 17: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 47 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-47 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-34 Reference 20: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26C -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26C Reference 21: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26B -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26B Reference 22: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-40 Reference 23: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/280/tableOfContent Reference 24: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-26 Reference 25: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration