Ebix, Inc. and Subsidiaries
Condensed Consolidated Statements of Income
  Three Months Ended
  June 30,
  2021 2020
Operating revenue $246,322 $111,312
     
Operating expenses:    
Cost of services provided 178,203 49,093
Product development 10,142 8,338
Sales and marketing 3,392 3,458
General and administrative, net 23,335 15,464
Amortization and depreciation 3,985 3,109
Total operating expenses 219,057 79,462
     
Operating income 27,265 31,850
Interest income 17 29
Interest expense (10,462) (7,147)
Non-operating (loss) income (1,253) 118
Foreign currency exchange gain (loss) 9 91
Income before income taxes 15,576 24,941
Income tax expense (627) (1,677)
Net income including noncontrolling interest 14,949 23,264
Net loss attributable to noncontrolling interest (772) (211)
Net income attributable to Ebix, Inc. $15,721 $23,475
     
Basic earnings per common share attributable to Ebix, Inc. $0.51 $0.77
     
Diluted earnings per common share attributable to Ebix, Inc. $0.51 $0.76
     
Basic weighted average shares outstanding 30,581 30,504
     
Diluted weighted average shares outstanding 30,713 30,708