Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income

(In thousands, except per share data)
  Six Months Ended September 30,
2015 (Unaudited)  
Operating revenue 66,813 63,753
Operating expenses:    
Cost of services provided 17,809 19,485
Product development 8,338 7,047
Sales and marketing 3,805 3,379
General and administrative 12,128 10,746
Amortization and depreciation 2765 2597
Total operating expenses 44,845 43,254
Operating income 21,968 20,499
Interest income 62  
Other non-operating income  
Interest expense (1,058) (719)
Non-operating income (loss) - put options
Non-operating expense - securities litigation
Foreign currency exchange gain (loss) 1,137 892
Income before income taxes 22,109 20,733
Income tax expense (1,877) (2,397)
Net income $20,232 $18,336
Basic earnings per common share $0.59 $0.51
Diluted earnings per common share $0.59 $0.51
Basic weighted average shares outstanding 34,304 35,708
Diluted weighted average shares outstanding 34,515 35,954