CPSI 2017 Annual Report

36 ITEM 6. SELECTED FINANCIAL DATA Year Ended December 31, (In thousands, except for per share data) 2017 2016 2015 2014 2013 INCOME DATA: Total sales revenues . . . . . . . . . . . . . . . . . $ 276,927 $ 267,272 $ 182,174 $ 204,742 $ 200,863 Total costs of sales . . . . . . . . . . . . . . . . . . 125,630 130,012 87,716 90,795 89,534 Gross profit. . . . . . . . . . . . . . . . . . . . . . . . 151,297 137,260 94,458 113,947 111,329 Total operating expenses* . . . . . . . . . . . . 156,111 122,885 69,372 64,360 61,085 Operating income (loss)* . . . . . . . . . . . . . (4,814) 14,375 25,086 49,587 50,244 Total other income (expense) . . . . . . . . . . (8,669) (6,389) 405 152 466 Income (loss) before taxes* . . . . . . . . . . . (13,483) 7,986 25,491 49,739 50,710 Provision for income taxes . . . . . . . . . . . . 3,933 4,053 7,148 16,819 17,967 Net Income (loss)* . . . . . . . . . . . . . . . . . . $ (17,416) $ 3,933 $ 18,343 $ 32,920 $ 32,743 Net income (loss) per share - basic* . . . . $ (1.27) $ 0.29 $ 1.62 $ 2.94 $ 2.95 Net income (loss) per share - diluted* . . . $ (1.27) $ 0.29 $ 1.62 $ 2.94 $ 2.95 Weighted average shares outstanding: Basic . . . . . . . . . . . . . . . . . . . . . . . . . 13,419 13,255 11,083 11,026 10,998 Diluted. . . . . . . . . . . . . . . . . . . . . . . . 13,419 13,255 11,083 11,026 10,998 Cash dividends declared per common share . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 0.85 $ 1.86 $ 2.56 $ 2.28 $ 2.04 As of December 31, 2017 2016 2015 2014 2013 BALANCE SHEET DATA Cash and cash equivalents . . . . . . . . . . . . $ 520 $ 2,220 $ 24,951 $ 23,792 $ 11,729 Working capital . . . . . . . . . . . . . . . . . . . . 17,028 13,604 57,136 63,355 51,301 Total assets . . . . . . . . . . . . . . . . . . . . . . . . 318,216 339,150 92,788 99,325 92,535 Total current liabilities . . . . . . . . . . . . . . . 40,849 30,945 17,421 18,161 21,451 Total stockholders’ equity . . . . . . . . . . . . 136,086 157,970 75,366 80,781 69,083 * Year ended December 31, 2017 is inclusive of a $28.0 million ($2.09 per share) non-cash goodwill impairment expense.