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Segment Information
 6 Months Ended
Jun. 30, 2012
Segment Information

13. Segment Information

The Company’s chief operating decision maker, together with other senior management personnel, currently focus their review of consolidated financial information and the allocation of resources based on reporting of operating results, including revenues and operating income, for the geographic regions of the Americas, EMEA and Asia/Pacific and the Corporate line item. The Company’s products are sold and supported through distribution networks covering these three geographic regions, with each distribution network having its own sales force. The Company supplements its distribution networks with independent reseller and/or distributor arrangements. All administrative costs that are not directly attributable or reasonably allocable to a geographic segment are tracked in the Corporate line item. As such, the Company has concluded that its three geographic regions are its reportable operating segments.

During the year ended December 31, 2011, the Company changed its segment operating income reporting measure to exclude certain corporate general and administrative expenses. Previously, corporate expenses were allocated to the segments. In addition, amortization expense on acquired intangibles is no longer allocated to the individual segments. All periods presented have been recast to reflect these changes.

The Company allocates segment support expenses such as global product development, business operations, and product management based upon percentage of revenue per segment. Depreciation and amortization costs are allocated as a percentage of the headcount by segment. The Corporate line item consists of the corporate overhead costs that are not allocated to operating segments. Corporate overhead costs relate to human resources, finance, legal, accounting, merger and acquisition activity and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates segment performance.

 

The following is selected segment financial data for the periods indicated (in thousands):

 

     Three Months Ended
June 30,		     Six Months Ended
June 30,		  
     2012     2011     2012     2011  

Revenues:

         

Americas

    $ 81,727      $ 57,974      $ 155,908      $ 110,304   

EMEA

      49,616        41,880        94,408        84,021   

Asia/Pacific

      18,454        13,512        37,106        23,584   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 149,797      $ 113,366      $ 287,422      $ 217,909   
  

 

 

    

 

 

    

 

 

    

 

 

  

Operating income (loss):

         

Americas

    $ 9,928      $ 15,920      $ 30,091      $ 27,436   

EMEA

      12,446        9,835        24,450        21,287   

Asia/Pacific

      3,798        1,105        8,024        522   

Corporate

      (34,030 )      (16,438 )      (72,036 )      (31,325 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ (7,858 )    $ 10,422      $ (9,471 )    $ 17,920   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

     June 30,      December 31,  
     2012      2011  

Total assets:

      

Americas - United States (1)

    $ 883,030       $ 408,038   

Americas - Other

      33,751         26,664   

EMEA

      201,797         166,997   

Asia/Pacific

      84,421         62,943   
  

 

 

     

 

 

  
   $ 1,202,999       $ 664,642   
  

 

 

     

 

 

  

 

(1) The goodwill related to the S1 acquisition is included in Americas – United States as of June 30, 2012. See Note 5 for further discussion.

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three months and six ended June 30, 2012 and 2011. No other country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the three and six months ended June 30, 2012. Aggregate revenues attributable to customers in the United Kingdom accounted for 11.2% and 13.0% of the Company’s consolidated revenues during the three and six months ended June 30, 2011.