CPSI 2017 Annual Report

50 Bookings Bookings is a key operational metric used by management to assess the relative success of our sales generation efforts, and were as follows for the years ended December 31, 2017 and 2016, respectively: (in thousands) 2017 2016 System sales and support (1) Acute Care EHR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 72,673 $ 66,222 Post-acute Care EHR . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,809 10,084 Total system sales and support . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,482 76,306 TruBridge (2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,435 22,299 Total bookings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 108,917 $ 98,605 (1) Generally calculated as the total contract price (for system sales) and annualized contract value (for support). (2) Generally calculated as the total contract price (for non-recurring, project-related amounts) and annualized contract value (for recurring amounts). Acute Care EHR bookings increased $6.5 million, or 9.7%, from 2016, primarily resulting from customer demand related to our meaningful use stage 3 applications boosting our add-on sales. Post-acute Care EHR bookings decreased $5.3 million, or 52.5%, from 2016. New business opportunities for this segment, which consists solely of the operations of AHT, have suffered as a result of increased competition and recent underinvestment in AHT's product offerings (particularly prior to our acquisition of AHT as part of the January 2016 acquisition of HHI) make functionality and usability comparisons less favorable for AHT. Although management has formulated a strategy and enacted steps to improve the related product functionality and usability and is confident that such measures will translate into improved future bookings performance (and, eventually, revenue growth), there can be no guarantee that this strategy will be successful. TruBridge bookings increased $9.1 million, or 41.0%, from 2016 as we continue to see increasing demand for TruBridge's products and services that alleviate administrative burden on our customers and allow them to take advantage of our specialized capabilities. Particularly strong demand exists for TruBridge's accounts receivable management and medical coding services. Bookings for 2015 have not been included, as our acquisition of HHI in January 2016 severely impairs the comparability of such amounts. Off-Balance Sheet Arrangements We had no off-balance sheet arrangements, as defined by Item 303(a)(4) of SEC Regulation S-K, as of December 31, 2017. The Company has other lease rights and obligations that it accounts for as operating leases that may be reclassified as balance sheet arrangements under accounting pronouncements recently finalized by the FASB. Contractual Obligations As of December 31, 2017, our material obligations requiring payments in the future are set forth below to reflect (i) our real estate lease obligations (ii) our capital lease obligations, and (iii) the Company’s debt obligations under the Amended Credit Facilities in connection with the Company’s acquisition of HHI and its wholly-owned subsidiaries, and related interest payments as follows: