Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended Six Months Ended
  June 30, June 30,
  2018 2017 2018 2017
Operating revenue $124,626 $87,387 $232,856 $166,490
         
Operating expenses:        
Cost of services provided 43,559 30,932 83,150 56,119
Product development 8,671 8,417 17,105 16,767
Sales and marketing 4,823 4,142 8,821 8,479
General and administrative 26,724 14,598 46,228 27,282
Amortization and depreciation 2,534 2,759 5,341 5,614
Total operating expenses 86,311 60,848 160,645 114,261
         
Operating income 38,315 26,539 72,211 52,229
Interest income 85 465 206 1,239
Interest expense (5,750) (3,018) (10,597) (5,486)
Non-operating income 53
Foreign currency exchange (loss) gain (1,357) (391) (1,998) 3,105
Income before income taxes 31,293 23,595 59,875 51,087
Income tax expense (2,222) 302 (4,348) (567)
Net income including noncontrolling interest 29,071 23,897 55,527 50,520
Net income attributable to noncontrolling interest (109) 463 139 659
Net income attributable to Ebix, Inc. $29,180 $23,434 $55,388 $49,861
         
Basic earnings per common share attributable to Ebix, Inc. $0.93 $0.74 $1.76 $1.58
         
Diluted earnings per common share attributable to Ebix, Inc. $0.92 $0.74 $1.75 $1.57
         
Basic weighted average shares outstanding 31,465 31,490 31,474 31,648
         
Diluted weighted average shares outstanding 31,626 31,637 31,643 31,805