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Restatement of Condensed Consolidated Financial Statements Restatement of Condensed Consolidated Financial Statements (Tables) | 3 Months Ended
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Sep. 30, 2014
Error Corrections and Prior Period Adjustments Restatement [Line Items] |
Restatement to Prior Year Income [Table Text Block] | The following tables present the effects of the restatement on each line of the Company's previously issued condensed consolidated financial statements as of September 30, 2014 and June 30, 2014 and for the fiscal quarters ended September 30, 2014 and 2013.
Condensed Consolidated Statements of Income: |  |  |  |  |
(In Thousands, Except Per Share Data) |  |  |  |  |
| Quarter Ended
| September 30, 2014
| As Previously Reported |  | Effect of Restatement |  | As Restated
REVENUE |  |  |  |  |
License | $ | 13,610 |  |  | $ | (13,107 | ) |  | $ | 503 |
Support and service | 292,454 |  |  | (4,238 | ) |  | 288,216 |
Hardware | 12,755 |  |  | — |  |  | 12,755 |
Total revenue | 318,819 |  |  | (17,345 | ) |  | 301,474 |
COST OF SALES |  |  |  |  |
Cost of license | 1,389 |  |  | (980 | ) |  | 409 |
Cost of support and service | 169,697 |  |  | (4,607 | ) |  | 165,090 |
Cost of hardware | 9,385 |  |  | — |  |  | 9,385 |
Total cost of sales | 180,471 |  |  | (5,587 | ) |  | 174,884 |
GROSS PROFIT | 138,348 |  |  | (11,758 | ) |  | 126,590 |
OPERATING EXPENSES |  |  |  |  |
Selling and marketing | 22,408 |  |  | (745 | ) |  | 21,663 |
Research and development | 16,791 |  |  | — |  |  | 16,791 |
General and administrative | 16,510 |  |  | — |  |  | 16,510 |
Total operating expenses | 55,709 |  |  | (745 | ) |  | 54,964 |
OPERATING INCOME | 82,639 |  |  | (11,013 | ) |  | 71,626 |
INTEREST INCOME (EXPENSE) |  |  |  |  |
Interest income | 57 |  |  | — |  |  | 57 |
Interest expense | (266 | ) |  | — |  |  | (266 | )
Total interest income (expense) | (209 | ) |  | — |  |  | (209 | )
INCOME BEFORE INCOME TAXES | 82,430 |  |  | (11,013 | ) |  | 71,417 |
PROVISION FOR INCOME TAXES | 29,668 |  |  | (4,339 | ) |  | 25,329 |
NET INCOME | $ | 52,762 |  |  | $ | (6,674 | ) |  | $ | 46,088 |
Diluted earnings per share | $ | 0.64 |  |  | $ | (0.08 | ) |  | $ | 0.56 |
Diluted weighted average shares outstanding | 82,589 |  |  | 82,589 |  |  | 82,589 |
Basic earnings per share | $ | 0.64 |  |  | $ | (0.08 | ) |  | $ | 0.56 |
Basic weighted average shares outstanding | 82,195 |  |  | 82,195 |  |  | 82,195 |
Condensed Consolidated Statements of Income: |  |  |  |  |
(In Thousands, Except Per Share Data) |  |  |  |  |
| Quarter Ended
| September 30, 2013
| As Previously Reported |  | Effect of Restatement |  | As Restated
REVENUE |  |  |  |  |
License | $ | 11,779 |  |  | $ | (11,017 | ) |  | $ | 762 |
Support and service | 269,544 |  |  | (6,914 | ) |  | 262,630 |
Hardware | 14,338 |  |  | — |  |  | 14,338 |
Total revenue | 295,661 |  |  | (17,931 | ) |  | 277,730 |
COST OF SALES |  |  |  |  |
Cost of license | 1,412 |  |  | (1,068 | ) |  | 344 |
Cost of support and service | 154,583 |  |  | (5,427 | ) |  | 149,156 |
Cost of hardware | 10,941 |  |  | — |  |  | 10,941 |
Total cost of sales | 166,936 |  |  | (6,495 | ) |  | 160,441 |
GROSS PROFIT | 128,725 |  |  | (11,436 | ) |  | 117,289 |
OPERATING EXPENSES |  |  |  |  |
Selling and marketing | 21,458 |  |  | (720 | ) |  | 20,738 |
Research and development | 15,673 |  |  | — |  |  | 15,673 |
General and administrative | 14,250 |  |  | — |  |  | 14,250 |
Total operating expenses | 51,381 |  |  | (720 | ) |  | 50,661 |
OPERATING INCOME | 77,344 |  |  | (10,716 | ) |  | 66,628 |
INTEREST INCOME (EXPENSE) |  |  |  |  |
Interest income | 131 |  |  | — |  |  | 131 |
Interest expense | (280 | ) |  | — |  |  | (280 | )
Total interest income (expense) | (149 | ) |  | — |  |  | (149 | )
INCOME BEFORE INCOME TAXES | 77,195 |  |  | (10,716 | ) |  | 66,479 |
PROVISION FOR INCOME TAXES | 27,407 |  |  | (4,149 | ) |  | 23,258 |
NET INCOME | $ | 49,788 |  |  | $ | (6,567 | ) |  | $ | 43,221 |
Diluted earnings per share | $ | 0.58 |  |  | $ | (0.08 | ) |  | $ | 0.50 |
Diluted weighted average shares outstanding | 85,854 |  |  | 85,854 |  |  | 85,854 |
Basic earnings per share | $ | 0.58 |  |  | $ | (0.08 | ) |  | $ | 0.51 |
Basic weighted average shares outstanding | 85,294 |  |  | 85,294 |  |  | 85,294 |
Condensed Consolidated Balance Sheets: |  |  |  |  |
(In Thousands, Except Share and Per Share Data) |  |  |  |  |
| September 30, 2014
| As Previously Reported |  | Effect of Restatement |  | As Restated
ASSETS |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |
Cash and cash equivalents | $ | 39,402 |  |  | $ | — |  |  | $ | 39,402 |
Receivables, net | 159,110 |  |  | — |  |  | 159,110 |
Income tax receivable | 2,618 |  |  | — |  |  | 2,618 |
Prepaid expenses and other | 72,340 |  |  | 1,588 |  |  | 73,928 |
Deferred costs | 28,649 |  |  | 6,616 |  |  | 35,265 |
Total current assets | 302,119 |  |  | 8,204 |  |  | 310,323 |
PROPERTY AND EQUIPMENT, net | 301,132 |  |  | — |  |  | 301,132 |
OTHER ASSETS: |  |  |  |  |
Non-current deferred costs | 36,370 |  |  | 47,595 |  |  | 83,965 |
Computer software, net of amortization | 167,585 |  |  | — |  |  | 167,585 |
Other non-current assets | 37,389 |  |  | 6,944 |  |  | 44,333 |
Customer relationships, net of amortization | 132,893 |  |  | — |  |  | 132,893 |
Other intangible assets, net of amortization | 27,805 |  |  | — |  |  | 27,805 |
Goodwill | 552,761 |  |  | — |  |  | 552,761 |
Total other assets | 954,803 |  |  | 54,539 |  |  | 1,009,342 |
Total assets | $ | 1,558,054 |  |  | $ | 62,743 |  |  | $ | 1,620,797 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |
Accounts payable | $ | 8,316 |  |  | $ | — |  |  | $ | 8,316 |
Accrued expenses | 58,038 |  |  | — |  |  | 58,038 |
Deferred income tax liability | 37,592 |  |  | (16,152 | ) |  | 21,440 |
Accrued income taxes | 14,690 |  |  | — |  |  | 14,690 |
Notes payable and current maturities of long term debt | 9,964 |  |  | — |  |  | 9,964 |
Deferred revenues | 260,552 |  |  | 31,724 |  |  | 292,276 |
Total current liabilities | 389,152 |  |  | 15,572 |  |  | 404,724 |
LONG TERM LIABILITIES: |  |  |  |  |
Non-current deferred revenues | 9,017 |  |  | 157,502 |  |  | 166,519 |
Non-current deferred income tax liability | 136,576 |  |  | (32,883 | ) |  | 103,693 |
Debt, net of current maturities | 1,041 |  |  | — |  |  | 1,041 |
Other long-term liabilities | 10,349 |  |  | — |  |  | 10,349 |
Total long term liabilities | 156,983 |  |  | 124,619 |  |  | 281,602 |
Total liabilities | 546,135 |  |  | 140,191 |  |  | 686,326 |
STOCKHOLDERS' EQUITY |  |  |  |  |
Preferred stock - $1 par value; 500,000 shares authorized, none issued | — |  |  | — |  |  | — |
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,611,471 shares issued at September 30, 2014 | 1,026 |  |  | — |  |  | 1,026 |
Additional paid-in capital | 412,092 |  |  | — |  |  | 412,092 |
Retained earnings | 1,237,126 |  |  | (77,448 | ) |  | 1,159,678 |
Less treasury stock at cost 20,843,232 shares at September 30, 2014 | (638,325 | ) |  | — |  |  | (638,325 | )
Total stockholders' equity | 1,011,919 |  |  | (77,448 | ) |  | 934,471 |
Total liabilities and equity | $ | 1,558,054 |  |  | $ | 62,743 |  |  | $ | 1,620,797 |
Condensed Consolidated Balance Sheets: |  |  |  |  |
(In Thousands, Except Share and Per Share Data) |  |  |  |  |
| June 30, 2014
| As Previously Reported |  | Effect of Restatement |  | As Restated
ASSETS |  |  |  |  |
CURRENT ASSETS: |  |  |  |  |
Cash and cash equivalents | $ | 70,377 |  |  | $ | — |  |  | $ | 70,377 |
Receivables, net | 224,041 |  |  | — |  |  | 224,041 |
Income tax receivable | 7,937 |  |  | — |  |  | 7,937 |
Prepaid expenses and other | 59,824 |  |  | 1,250 |  |  | 61,074 |
Deferred costs | 22,202 |  |  | 4,875 |  |  | 27,077 |
Total current assets | 384,381 |  |  | 6,125 |  |  | 390,506 |
PROPERTY AND EQUIPMENT, net | 291,675 |  |  | — |  |  | 291,675 |
OTHER ASSETS: |  |  |  |  |
Non-current deferred costs | 34,708 |  |  | 43,750 |  |  | 78,458 |
Computer software, net of amortization | 160,391 |  |  | — |  |  | 160,391 |
Other non-current assets | 38,121 |  |  | 6,536 |  |  | 44,657 |
Customer relationships, net of amortization | 136,602 |  |  | — |  |  | 136,602 |
Other intangible assets, net of amortization | 25,653 |  |  | — |  |  | 25,653 |
Goodwill | 552,761 |  |  | — |  |  | 552,761 |
Total other assets | 948,236 |  |  | 50,286 |  |  | 998,522 |
Total assets | $ | 1,624,292 |  |  | $ | 56,411 |  |  | $ | 1,680,703 |
LIABILITIES AND STOCKHOLDERS' EQUITY |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |
Accounts payable | $ | 10,516 |  |  | $ | — |  |  | $ | 10,516 |
Accrued expenses | 63,299 |  |  | — |  |  | 63,299 |
Deferred income tax liability | 37,592 |  |  | (7,498 | ) |  | 30,094 |
Notes payable and current maturities of long term debt | 5,407 |  |  | — |  |  | 5,407 |
Deferred revenues | 312,002 |  |  | 25,491 |  |  | 337,493 |
Total current liabilities | 428,816 |  |  | 17,993 |  |  | 446,809 |
LONG TERM LIABILITIES: |  |  |  |  |
Non-current deferred revenues | 8,985 |  |  | 146,390 |  |  | 155,375 |
Non-current deferred income tax liability | 134,918 |  |  | (37,198 | ) |  | 97,720 |
Debt, net of current maturities | 3,729 |  |  | — |  |  | 3,729 |
Other long-term liabilities | 9,683 |  |  | — |  |  | 9,683 |
Total long term liabilities | 157,315 |  |  | 109,192 |  |  | 266,507 |
Total liabilities | 586,131 |  |  | 127,185 |  |  | 713,316 |
STOCKHOLDERS' EQUITY |  |  |  |  |  |  |
Preferred stock - $1 par value; 500,000 shares authorized, none issued | — |  |  | — |  |  | — |
Common stock - $0.01 par value; 250,000,000 shares authorized; 102,429,926 shares issued at June 30, 2014 | 1,024 |  |  | — |  |  | 1,024 |
Additional paid-in capital | 412,512 |  |  | — |  |  | 412,512 |
Retained earnings | 1,202,406 |  |  | (70,774 | ) |  | 1,131,632 |
Less treasury stock at cost 19,794,559 shares at June 30, 2014 | (577,781 | ) |  | — |  |  | (577,781 | )
Total stockholders' equity | 1,038,161 |  |  | (70,774 | ) |  | 967,387 |
Total liabilities and equity | $ | 1,624,292 |  |  | $ | 56,411 |  |  | $ | 1,680,703 |
Condensed Consolidated Statements of Cash Flows: |  |  |  |  |
(In Thousands) |  |  |  |  |
| Quarter Ended
| September 30, 2014
| As Previously Reported |  | Effect of Restatement |  | As Restated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net Income | $ | 52,762 |  |  | $ | (6,674 | ) |  | $ | 46,088 |
Adjustments to reconcile net income from operations to net cash from operating activities: |  |  |  |  |
Depreciation | 13,631 |  |  | — |  |  | 13,631 |
Amortization | 15,817 |  |  | — |  |  | 15,817 |
Change in deferred income taxes | 1,658 |  |  | (4,340 | ) |  | (2,682 | )
Excess tax benefits from stock-based compensation | (3,801 | ) |  | — |  |  | (3,801 | )
Expense for stock-based compensation | 2,068 |  |  | — |  |  | 2,068 |
(Gain)/loss on disposal of assets | (56 | ) |  | — |  |  | (56 | )
Changes in operating assets and liabilities: |  |  |  |  |
Change in receivables | 64,931 |  |  | — |  |  | 64,931 |
Change in prepaid expenses, deferred costs and other | (19,893 | ) |  | (6,332 | ) |  | (26,225 | )
Change in accounts payable | (2,200 | ) |  | — |  |  | (2,200 | )
Change in accrued expenses | (4,680 | ) |  | — |  |  | (4,680 | )
Change in income taxes | 24,329 |  |  | — |  |  | 24,329 |
Change in deferred revenues | (51,418 | ) |  | 17,346 |  |  | (34,072 | )
Net cash from operating activities | 93,148 |  |  | — |  |  | 93,148 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Capital expenditures | (21,485 | ) |  | — |  |  | (21,485 | )
Proceeds from sale of assets | 58 |  |  | — |  |  | 58 |
Internal use software | (3,455 | ) |  | — |  |  | (3,455 | )
Computer software developed | (17,999 | ) |  | — |  |  | (17,999 | )
Net cash from investing activities | (42,881 | ) |  | — |  |  | (42,881 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments on credit facilities | (170 | ) |  | — |  |  | (170 | )
Purchase of treasury stock | (60,544 | ) |  | — |  |  | (60,544 | )
Dividends paid | (18,042 | ) |  | — |  |  | (18,042 | )
Excess tax benefits from stock-based compensation | 3,801 |  |  | — |  |  | 3,801 |
Proceeds from issuance of common stock upon exercise of stock options | 161 |  |  | — |  |  | 161 |
Minimum tax withholding payments related to share based compensation | (7,602 | ) |  | — |  |  | (7,602 | )
Proceeds from sale of common stock, net | 1,154 |  |  | — |  |  | 1,154 |
Net cash from financing activities | (81,242 | ) |  | — |  |  | (81,242 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | $ | (30,975 | ) |  | $ | — |  |  | $ | (30,975 | )
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | 70,377 |  |  | — |  |  | 70,377 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 39,402 |  |  | $ | — |  |  | $ | 39,402 |
Condensed Consolidated Statements of Cash Flows: |  |  |  |  |
(In Thousands) |  |  |  |  |
| Quarter Ended
| September 30, 2013
| As Previously Reported |  | Effect of Restatement |  | As Restated
CASH FLOWS FROM OPERATING ACTIVITIES: |  |  |  |  |
Net Income | $ | 49,788 |  |  | $ | (6,567 | ) |  | $ | 43,221 |
Adjustments to reconcile net income from operations to net cash from operating activities: |  |  |  |  |
Depreciation | 12,963 |  |  | — |  |  | 12,963 |
Amortization | 12,893 |  |  | — |  |  | 12,893 |
Change in deferred income taxes | 1,862 |  |  | (4,149 | ) |  | (2,287 | )
Excess tax benefits from stock-based compensation | (2,947 | ) |  | — |  |  | (2,947 | )
Expense for stock-based compensation | 1,922 |  |  | — |  |  | 1,922 |
(Gain)/loss on disposal of assets | (30 | ) |  | — |  |  | (30 | )
Changes in operating assets and liabilities: |  |  |  |  |
Change in receivables | 78,489 |  |  | — |  |  | 78,489 |
Change in prepaid expenses, deferred costs and other | (12,591 | ) |  | (7,215 | ) |  | (19,806 | )
Change in accounts payable | 2,213 |  |  | — |  |  | 2,213 |
Change in accrued expenses | (16,238 | ) |  | — |  |  | (16,238 | )
Change in income taxes | 21,531 |  |  | — |  |  | 21,531 |
Change in deferred revenues | (52,165 | ) |  | 17,931 |  |  | (34,234 | )
Net cash from operating activities | 97,690 |  |  | — |  |  | 97,690 |
CASH FLOWS FROM INVESTING ACTIVITIES: |  |  |  |  |
Capital expenditures | (7,351 | ) |  | — |  |  | (7,351 | )
Proceeds from sale of assets | 2,702 |  |  | — |  |  | 2,702 |
Internal use software | (3,183 | ) |  | — |  |  | (3,183 | )
Computer software developed | (14,076 | ) |  | — |  |  | (14,076 | )
Net cash from investing activities | (21,908 | ) |  | — |  |  | (21,908 | )
CASH FLOWS FROM FINANCING ACTIVITIES: |  |  |  |  |
Repayments on credit facilities | (2,798 | ) |  | — |  |  | (2,798 | )
Purchase of treasury stock | — |  |  | — |  |  | — |
Dividends paid | (17,054 | ) |  | — |  |  | (17,054 | )
Excess tax benefits from stock-based compensation | 2,947 |  |  | — |  |  | 2,947 |
Proceeds from issuance of common stock upon exercise of stock options | 111 |  |  | — |  |  | 111 |
Minimum tax withholding payments related to share based compensation | (6,176 | ) |  | — |  |  | (6,176 | )
Proceeds from sale of common stock, net | 1,070 |  |  | — |  |  | 1,070 |
Net cash from financing activities | (21,900 | ) |  | — |  |  | (21,900 | )
NET CHANGE IN CASH AND CASH EQUIVALENTS | $ | 53,882 |  |  | $ | — |  |  | $ | 53,882 |
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD | $ | 127,905 |  |  | $ | — |  |  | $ | 127,905 |
CASH AND CASH EQUIVALENTS, END OF PERIOD | $ | 181,787 |  |  | $ | — |  |  | $ | 181,787 |

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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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- Definition Tabular disclosure of the nature and effects of a restatement to correct an error in the reported results of operations of prior periods. When prior period adjustments are recorded, the resulting effects (both gross and net of applicable income tax) on the net income of prior periods are disclosed in the annual report for the year in which the adjustments are made, and amended filings of previously issued reports are typically issued. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22644-107794 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22658-107794 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=56949863&loc=d3e22663-107794 + Details
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