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Revenue from Contracts with Customer (Tables) | 12 Months Ended
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Dec. 31, 2020
Revenue from Contract with Customer [Abstract] |
Schedule of Changes Upon ASU 2014-09 Adoption | The following tables compare the reported consolidated balance sheet and statement of operations, as of and for the year ended December 31, 2019, to the amounts had Topic 605 been in effect. Adoption of the standards had no impact to net cash provided by or used in operating, investing, or financing activities on the Company’s consolidated statement of cash flows for the year ended December 31, 2019.
|  | December 31, 2019
|  |  |  | Impact from |  |
|  |  |  | the Adoption of |  |
|  | As Reported |  | Topics 606 |  | As Adjusted
|  | Topic 606 |  | and 340-40 |  | Topic 605
Assets |  |  |  |  |  |
Current assets: |  |  |  |  |  |
Cash and cash equivalents |  | $ | 121,101 |  |  | $ | — |  |  | $ | 121,101 |
Accounts receivable |  | 211,775 |  |  | (233) |  |  | 211,542 |
Allowance for doubtful accounts |  | (7,274) |  |  | — |  |  | (7,274) |
Prepaid income taxes |  | 4,543 |  |  | 2,189 |  |  | 6,732 |
Prepaid and other current assets (1) |  | 23,413 |  |  | (3,333) |  |  | 20,080 |
Total current assets |  | 353,558 |  |  | (1,377) |  |  | 352,181 |
Property and equipment, net |  | 29,632 |  |  | — |  |  | 29,632 |
Intangible assets, net |  | 46,313 |  |  | — |  |  | 46,313 |
Goodwill |  | 480,065 |  |  | — |  |  | 480,065 |
Investments |  | 1,725 |  |  | — |  |  | 1,725 |
Deferred income taxes |  | 51,068 |  |  | 21,543 |  |  | 72,611 |
Other assets (1) |  | 32,238 |  |  | (5,721) |  |  | 26,517 |
Total assets |  | $ | 994,599 |  |  | $ | 14,445 |  |  | $ | 1,009,044 |
Liabilities and Stockholders’ Equity |  |  |  |  |  |
Current liabilities: |  |  |  |  |  |
Accounts payable |  | $ | 17,669 |  |  | $ | — |  |  | $ | 17,669 |
Accruals and other current liabilities |  | 167,517 |  |  | (292) |  |  | 167,225 |
Deferred revenues |  | 204,991 |  |  | 77,079 |  |  | 282,070 |
Income taxes payable |  | 2,236 |  |  | (1,206) |  |  | 1,030 |
Total current liabilities |  | 392,413 |  |  | 75,581 |  |  | 467,994 |
Long-term debt |  | 233,750 |  |  | — |  |  | 233,750 |
Deferred revenues |  | 8,154 |  |  | 47,967 |  |  | 56,121 |
Deferred income taxes |  | 8,260 |  |  | (633) |  |  | 7,627 |
Income taxes payable |  | 8,140 |  |  | (1,819) |  |  | 6,321 |
Other liabilities |  | 9,263 |  |  | — |  |  | 9,263 |
Total liabilities |  | 659,980 |  |  | 121,096 |  |  | 781,076 |
Stockholders’ equity: |  |  |  |  |  |
Common stock |  | 2,548 |  |  | — |  |  | 2,548 |
Additional paid-in capital |  | 408,667 |  |  | — |  |  | 408,667 |
Accumulated other comprehensive loss |  | (23,927) |  |  | 841 |  |  | (23,086) |
Accumulated deficit (2) |  | (52,669) |  |  | (107,492) |  |  | (160,161) |
Total stockholders’ equity |  | 334,619 |  |  | (106,651) |  |  | 227,968 |
Total liabilities and stockholders’ equity |  | $ | 994,599 |  |  | $ | 14,445 |  |  | $ | 1,009,044 |
(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, 2019
|  |  |  | Impact from |  |
|  |  |  | the Adoption of |  |
|  | As Reported |  | Topics 606 |  | As Adjusted
|  | Topic 606 |  | and 340-40 |  | Topic 605
Revenues: |  |  |  |  |  |
Subscriptions |  | $ | 608,300 |  |  | $ | 5,625 |  |  | $ | 613,925 |
Perpetual licenses |  | 59,693 |  |  | (7,174) |  |  | 52,519 |
Subscriptions and licenses |  | 667,993 |  |  | (1,549) |  |  | 666,444 |
Services |  | 68,661 |  |  | (256) |  |  | 68,405 |
Total revenues |  | 736,654 |  |  | (1,805) |  |  | 734,849 |
Cost of revenues: |  |  |  |  |  |
Cost of subscriptions and licenses |  | 71,578 |  |  | (139) |  |  | 71,439 |
Cost of services |  | 72,572 |  |  | — |  |  | 72,572 |
Total cost of revenues |  | 144,150 |  |  | (139) |  |  | 144,011 |
Gross profit |  | 592,504 |  |  | (1,666) |  |  | 590,838 |
Operating expenses: |  |  |  |  |  |
Research and development |  | 183,552 |  |  | — |  |  | 183,552 |
Selling and marketing |  | 155,294 |  |  | (20) |  |  | 155,274 |
General and administrative |  | 97,580 |  |  | — |  |  | 97,580 |
Amortization of purchased intangibles |  | 14,213 |  |  | — |  |  | 14,213 |
Total operating expenses |  | 450,639 |  |  | (20) |  |  | 450,619 |
Income from operations |  | 141,865 |  |  | (1,646) |  |  | 140,219 |
Interest expense, net |  | (8,199) |  |  | — |  |  | (8,199) |
Other income (expense), net |  | (5,557) |  |  | — |  |  | (5,557) |
Income before income taxes |  | 128,109 |  |  | (1,646) |  |  | 126,463 |
(Provision) benefit for income taxes |  | (23,738) |  |  | 1,976 |  |  | (21,762) |
Loss from investment accounted for using the equity method, net of tax |  | (1,275) |  |  | — |  |  | (1,275) |
Net income |  | $ | 103,096 |  |  | $ | 330 |  |  | $ | 103,426 |
Schedule of Contract Assets and Contract Liabilities | Contract Assets and Contract Liabilities
| December 31,
| 2020 |  | 2019
Contract assets | $ | 446 |  |  | $ | 644 |
Deferred revenues | 209,314 |  |  | 213,145 |
Disaggregation of Revenue by Type and Location | The following table details revenues:
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| Topic 606 |  | Topic 606 |  | Topic 605 |  | Topic 605
Revenues: |  |  |  |  |  |  |
Subscriptions: |  |  |  |  |  |  |
SELECT subscriptions | $ | 270,749 |  |  | $ | 267,249 |  |  | $ | 267,340 |  |  | $ | 273,745 |
Enterprise subscriptions | 221,524 |  |  | 184,833 |  |  | 196,081 |  |  | 182,816 |
Term license subscriptions | 187,000 |  |  | 156,218 |  |  | 150,504 |  |  | 100,860 |
Subscriptions | 679,273 |  |  | 608,300 |  |  | 613,925 |  |  | 557,421 |
Perpetual licenses: |  |  |  |  |  |  |
Perpetual licenses | 57,382 |  |  | 59,693 |  |  | 52,519 |  |  | 61,065 |
Subscriptions and licenses | 736,655 |  |  | 667,993 |  |  | 666,444 |  |  | 618,486 |
Services: |  |  |  |  |  |  |
Professional services (recurring) | 17,389 |  |  | 22,797 |  |  | 22,974 |  |  | 25,981 |
Professional services (other) | 47,500 |  |  | 45,864 |  |  | 45,431 |  |  | 47,243 |
Services | 64,889 |  |  | 68,661 |  |  | 68,405 |  |  | 73,224 |
Total revenues | $ | 801,544 |  |  | $ | 736,654 |  |  | $ | 734,849 |  |  | $ | 691,710 |
Revenue to external customers is attributed to individual countries based upon the location of the customer.
| Year Ended December 31,
| 2020 |  | 2019 |  | 2018
| Topic 606 |  | Topic 606 |  | Topic 605 |  | Topic 605
Revenues: |  |  |  |  |  |  |
Americas (1) | $ | 395,746 |  |  | $ | 356,331 |  |  | $ | 360,934 |  |  | $ | 328,749 |
Europe, the Middle East, and Africa (“EMEA”) (2) | 254,036 |  |  | 236,602 |  |  | 235,254 |  |  | 231,486 |
Asia-Pacific (“APAC”) | 151,762 |  |  | 143,721 |  |  | 138,661 |  |  | 131,475 |
Total revenues | $ | 801,544 |  |  | $ | 736,654 |  |  | $ | 734,849 |  |  | $ | 691,710 |
(1)Americas includes the U.S., Canada, and Latin America (including the Caribbean). Revenue attributable to the U.S. totaled $348,222 (Topic 606) for the year ended December 31, 2020, $306,493 (Topic 606) and $307,259 (Topic 605) for the year ended December 31, 2019, and $277,706 (Topic 605) for the year ended December 31, 2018. (2)Revenue attributable to the United Kingdom (“U.K.”) totaled $64,433 (Topic 606) for the year ended December 31, 2020, $57,321 (Topic 606) and $59,524 (Topic 605) for the year ended December 31, 2019, and $59,086 (Topic 605) for the year ended December 31, 2018.

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