|
Condensed Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2015
|
Mar. 31, 2014
|
| Revenues: |
|
|
| Wireless revenue |
$ 30,690 |
$ 34,351 |
| Software revenue |
17,448 |
15,768 |
| Total revenues |
48,138 |
50,119 |
| Operating expenses: |
|
|
| Cost of revenue |
8,813 |
6,805 |
| Service, rental and maintenance |
11,256 |
11,792 |
| Selling and marketing |
7,048 |
7,246 |
| General and administrative |
11,001 |
12,135 |
| Severance and restructuring |
0 |
20 |
| Depreciation, amortization and accretion |
3,747 |
4,029 |
| Total operating expenses |
41,865 |
42,027 |
| Operating income |
6,273 |
8,092 |
| Interest expense, net |
(1) |
(67) |
| Other income, net |
60 |
16 |
| Income before income tax expense |
6,332 |
8,041 |
| Income tax expense |
(2,415) |
(3,151) |
| Net income |
$ 3,917 |
$ 4,890 |
| Basic net income per common share (usd per share) |
$ 0.18 |
$ 0.23 |
| Diluted net income per common share (usd per share) |
$ 0.18 |
$ 0.22 |
| Basic weighted average common shares outstanding |
21,898,792 |
21,638,198 |
| Diluted weighted average common shares outstanding |
22,053,015 |
22,037,796 |
| Cash dividends declared per common share (usd per share) |
$ 0.125 |
$ 0.125 |