Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended Nine Months Ended
  September 30, September 30,
  2017 2016 2017 2016
Operating revenue $ 92,800 $74,608 $259,290 $218,248
Operating expenses:        
Cost of services provided 34,937 22,425 91,056 62,606
Product development 8,536 8,563 25,303 24,913
Sales and marketing 3,833 4,463 12,312 13,002
General and administrative, net 14,874 12,126 42,156 37,019
Amortization and depreciation 2,709 2,738 8,323 8,088
Total operating expenses 64,889 50,315 179,150 145,628
Operating income 27,911 24,293 80,140 72,620
Interest income 375 635 1,614 1,219
Interest expense (3,552) (1,922) (9,038) (5,381)
Non-operating income, gain on joint venture investment 1,162 1,162
Foreign currency exchange gain (loss) (400) 578 2,705 852
Income before income taxes 24,334 24,746 75,421 70,472
Income tax (expense) benefit 204 (789) (363) (1,121)
Net income including noncontrolling interest 24,538 23,957 75,058 69,351
Net income attributable to noncontrolling interest 354 (110) 1,013 133
Net income attributable to Ebix, Inc. $24,184 $24,067 $74,045 $69,218
Basic earnings per common share attributable to Ebix, Inc. $0.77 $0.74 $2.34 $2.12
Diluted earnings per common share attributable to Ebix, Inc. $0.76 $0.74 $2.33 $2.10
Basic weighted average shares outstanding 31,453 32,421 31,582 32,716
Diluted weighted average shares outstanding 31,622 32,705 31,743 32,994