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Revenue from Contracts with Customer (Tables)

12 Months Ended

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.

X

- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

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Tabular disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items.

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