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CONSOLIDATED STATEMENTS OF INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Revenues:      
Products and licenses $ 555,792 $ 520,312 $ 496,930
Subscriptions 318,624 265,021 217,088
Software updates and maintenance 755,422 710,483 680,087
Total revenues 1,629,838 1,495,816 1,394,105
Operating expenses:      
Cost of products and licenses [1] 101,158 95,868 88,862
Cost of subscriptions [1] 7,623 5,626 5,480
Cost of software updates and maintenance [1] 78,468 74,807 67,680
Amortization of technology 1,808 240 612
Total cost of revenues 189,057 176,541 162,634
Research and development 149,279 133,300 121,764
Selling and marketing 359,804 306,363 276,067
General and administrative 91,981 78,558 72,735
Total operating expenses 790,121 694,762 633,200
Operating income 839,717 801,054 760,905
Financial income, net 34,073 28,762 34,931
Income before taxes on income 873,790 829,816 795,836
Taxes on income 187,924 170,245 143,036
Net income $ 685,866 $ 659,571 $ 652,800
Basic earnings per ordinary share $ 3.83 $ 3.50 $ 3.34
Diluted earnings per ordinary share $ 3.74 $ 3.43 $ 3.27
[1] Not including amortization of technology shown separately below.