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Recent Accounting Pronouncements (Tables) | 12 Months Ended
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Dec. 31, 2019
ASU 2014-09 and ASC Topic 340-40 |
New Accounting Pronouncements or Change in Accounting Principle [Line Items] |
Schedule of comparison between the reported consolidated balance sheet and statements of operations to the amounts had Topic 605 been in effect | The following tables compare the reported consolidated balance sheet and statements of operations, as of and for the year ended December 31, 2019, to the amounts had Topic 605 been in effect.
|  | As of December 31,
|  | 2018 |  | 2019
|  |  |  |  |  |  |  | Impact from |  |  |
|  |  |  |  |  |  |  | the adoption of |  |  |
|  | As reported |  | As adjusted |  | Topic 606 and |  | As reported
|  | Topic 605 |  | Topic 605 |  | Topic 340-40 |  | Topic 606
Assets |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 81,183 |  | $ | 121,101 |  | $ | — |  | $ | 121,101
Accounts receivable, net |  |  | 184,565 |  |  | 204,268 |  |  | 233 |  |  | 204,501
Prepaid income taxes |  |  | 5,085 |  |  | 6,732 |  |  | (2,189) |  |  | 4,543
Prepaid and other current assets(1) |  |  | 12,390 |  |  | 20,080 |  |  | 3,333 |  |  | 23,413
Total current assets |  |  | 283,223 |  |  | 352,181 |  |  | 1,377 |  |  | 353,558
Property and equipment, net |  |  | 29,393 |  |  | 29,632 |  |  | — |  |  | 29,632
Intangible assets, net |  |  | 54,001 |  |  | 46,313 |  |  | — |  |  | 46,313
Goodwill |  |  | 446,318 |  |  | 480,065 |  |  | — |  |  | 480,065
Investment in joint venture |  |  | — |  |  | 1,725 |  |  | — |  |  | 1,725
Deferred income taxes |  |  | 81,066 |  |  | 72,611 |  |  | (21,543) |  |  | 51,068
Other assets(1) |  |  | 29,595 |  |  | 26,517 |  |  | 5,721 |  |  | 32,238
Total assets |  | $ | 923,596 |  | $ | 1,009,044 |  | $ | (14,445) |  | $ | 994,599
Liabilities and Stockholders’ Equity |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  |  |  |  |  |  |  |  |  |  |  |
Accounts payable |  | $ | 8,567 |  | $ | 17,669 |  | $ | — |  | $ | 17,669
Accruals and other current liabilities |  |  | 136,699 |  |  | 167,225 |  |  | 292 |  |  | 167,517
|  | As of December 31,
|  | 2018 |  | 2019
|  |  |  |  |  |  |  | Impact from |  |  |
|  |  |  |  |  |  |  | the adoption of |  |  |
|  | As reported |  | As adjusted |  | Topic 606 and |  | As reported
|  | Topic 605 |  | Topic 605 |  | Topic 340-40 |  | Topic 606
Deferred revenues |  |  | 287,682 |  |  | 282,070 |  |  | (77,079) |  |  | 204,991
Income taxes payable |  |  | 2,794 |  |  | 1,030 |  |  | 1,206 |  |  | 2,236
Total current liabilities |  |  | 435,742 |  |  | 467,994 |  |  | (75,581) |  |  | 392,413
Long-term debt |  |  | 258,750 |  |  | 233,750 |  |  | — |  |  | 233,750
Deferred revenues |  |  | 49,769 |  |  | 56,121 |  |  | (47,967) |  |  | 8,154
Deferred income taxes |  |  | 10,470 |  |  | 7,627 |  |  | 633 |  |  | 8,260
Income taxes payable |  |  | 12,904 |  |  | 6,321 |  |  | 1,819 |  |  | 8,140
Other liabilities |  |  | 8,530 |  |  | 9,263 |  |  | — |  |  | 9,263
Total liabilities |  |  | 776,165 |  |  | 781,076 |  |  | (121,096) |  |  | 659,980
Stockholders’ equity |  |  |  |  |  |  |  |  |  |  |  |
Common stock |  |  | 2,502 |  |  | 2,548 |  |  | — |  |  | 2,548
Additional paid-in capital |  |  | 392,896 |  |  | 408,667 |  |  | — |  |  | 408,667
Accumulated other comprehensive loss |  |  | (29,414) |  |  | (23,086) |  |  | (841) |  |  | (23,927)
Accumulated deficit(2) |  |  | (218,553) |  |  | (160,161) |  |  | 107,492 |  |  | (52,669)
Total stockholders’ equity |  | $ | 147,431 |  | $ | 227,968 |  | $ | 106,651 |  | $ | 334,619
Total liabilities and stockholders’ equity |  | $ | 923,596 |  | $ | 1,009,044 |  | $ | (14,445) |  | $ | 994,599
| (1) |  | As of December 31, 2019, contract cost assets of $2,690 were included in Prepaid and other current assets and $5,235 were included in Other assets.
| (2) |  | Included in Accumulated deficit on the opening balance of January 1, 2019 is $107,822, net of tax, for the cumulative effect adjustment of adopting Topics 606 and 340‑40.
|  | Year Ended December 31,
|  | 2018 |  | 2019
|  |  |  |  |  |  |  | Impact from |  |  |
|  |  |  |  |  |  |  | the adoption of |  |  |
|  | As reported |  | As adjusted |  | Topics 606 |  | As reported
|  | Topic 605 |  | Topic 605 |  | and 340-40 |  | Topic 606
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Subscriptions |  | $ | 557,421 |  | $ | 613,925 |  | $ | (5,625) |  | $ | 608,300
Perpetual licenses |  |  | 61,065 |  |  | 52,519 |  |  | 7,174 |  |  | 59,693
Subscriptions and licenses |  |  | 618,486 |  |  | 666,444 |  |  | 1,549 |  |  | 667,993
Services |  |  | 73,224 |  |  | 68,405 |  |  | 256 |  |  | 68,661
Total revenues |  |  | 691,710 |  |  | 734,849 |  |  | 1,805 |  |  | 736,654
Cost of revenues: |  |  |  |  |  |  |  |  |  |  |  |
Cost of subscriptions and licenses |  |  | 55,113 |  |  | 71,439 |  |  | 139 |  |  | 71,578
|  | Year Ended December 31,
|  | 2018 |  | 2019
|  |  |  |  |  |  |  | Impact from |  |  |
|  |  |  |  |  |  |  | the adoption of |  |  |
|  | As reported |  | As adjusted |  | Topics 606 |  | As reported
|  | Topic 605 |  | Topic 605 |  | and 340-40 |  | Topic 606
Cost of services |  |  | 76,211 |  |  | 72,572 |  |  | — |  |  | 72,572
Total cost of revenues |  |  | 131,324 |  |  | 144,011 |  |  | 139 |  |  | 144,150
Gross profit |  |  | 560,386 |  |  | 590,838 |  |  | 1,666 |  |  | 592,504
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |
Research and development |  |  | 175,032 |  |  | 183,552 |  |  | — |  |  | 183,552
Selling and marketing |  |  | 160,635 |  |  | 155,274 |  |  | 20 |  |  | 155,294
General and administrative |  |  | 89,328 |  |  | 97,580 |  |  | — |  |  | 97,580
Amortization of purchased intangibles |  |  | 14,000 |  |  | 14,213 |  |  | — |  |  | 14,213
Total operating expenses |  |  | 438,995 |  |  | 450,619 |  |  | 20 |  |  | 450,639
Income from operations |  |  | 121,391 |  |  | 140,219 |  |  | 1,646 |  |  | 141,865
Interest expense, net |  |  | (8,765) |  |  | (8,199) |  |  | — |  |  | (8,199)
Other income (expense), net |  |  | 236 |  |  | (5,557) |  |  | — |  |  | (5,557)
Income before income taxes |  |  | 112,862 |  |  | 126,463 |  |  | 1,646 |  |  | 128,109
Provision for income taxes |  |  | (29,250) |  |  | 21,762 |  |  | 1,976 |  |  | 23,738
Equity in loss of joint venture, net of tax |  |  | — |  |  | 1,275 |  |  | — |  |  | 1,275
Net income |  | $ | 142,112 |  | $ | 103,426 |  | $ | (330) |  | $ | 103,096

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