Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2013

Revenues in Consolidated Statements of Operations from Arrangements for which Vendor-Specific Objective Evidence of Fair Value Does Not Exist for Each Undelivered Element

This allocation methodology has been applied to the following amounts included in revenues in the consolidated statements of income from arrangements for which VSOE of fair value does not exist for each undelivered element (in thousands):


	Years Ended December 31,
	2013		2012		2011
Software license fees	$	22,190	$	38,226	$	66,939
Maintenance fees		9,649		14,178		16,801
Services		10		830		1,362

Total	$	31,849	$	53,234	$	85,102

Recievables and Concentration of Credit Risk

Receivables and Concentration of Credit Risk. Receivables represents amounts billed and amounts earned that are to be billed in the near future, accrued receivables. Included in accrued receivables are services and software hosting revenues earned in the current period but billed in the following period as well as license revenues that are determined to be fixed and determinable but billed in future periods.


	December 31,
	2013			2012
Billed Receivables	$	173,100		$	184,430
Allowance for doubtful accounts		(4,459	)		(8,117	)

Billed, net		168,641			176,313
Accrued Receivables		34,934			41,008

Receivables, net	$	203,575		$	217,321

Activity in Allowance for Doubtful Accounts Receivable

The following reflects activity in the Company’s allowance for doubtful accounts receivable (in thousands):


	Years Ended December 31,
	2013			2012			2011
Balance, beginning of period	$	(8,117	)	$	(4,843	)	$	(5,738	)
Provision (increases) decreases		1,161			(3,173	)		101
Amounts written off, net of recoveries		2,296			35			516
Foreign currency translation adjustments		201			(136	)		278

Balance, end of period	$	(4,459	)	$	(8,117	)	$	(4,843	)

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


	Years Ended December 31,
	2013		2012
Settlement deposits	$	27,770	$	—
Settlement receivables		20,119		—
Current debt issuance costs		5,276		—
Other		12,163		5,816

Total other current assets	$	65,328	$	5,816


	Years Ended December 31,
	2013		2012
Settlement payables	$	42,841	$	—
Accrued interest		7,074		92
Vendor financed licenses		6,410		5,217
Royalties payable		5,627		5,656
Other		33,064		25,435

Total other current liabilities	$	95,016	$	36,400

Property and Equipment Estimated Useful Lives

Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2013 and 2012, net property and equipment consisted of the following (in thousands):


	Useful Lives	2013			2012
Computer and office equipment	3 to 5 years	$	72,163		$	56,706
Leasehold improvements	Lesser of useful life of improvement or remaining life of lease		15,210			10,369
Furniture and fixtures	7 years		10,537			13,894
Building and improvements	7—30 years		5,869			4,082
Land	Non depreciable		1,336			1,185

			105,115			86,236
Less: accumulated depreciation and amortization			(47,768	)		(44,950	)

Property and equipment, net		$	57,347		$	41,286

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the years ended December 31, 2013 and 2012, were as follows (in thousands):


	Americas			EMEA		Asia/Pacific			Total
Gross Balance prior to December 31, 2011	$	198,598		$	43,612	$	19,366		$	261,576
Total impairment prior to December 31, 2011		(47,432	)		—		—			(47,432	)

Balance, December 31, 2011		151,166			43,612		19,366			214,144
Goodwill from acquisitions (1)		117,669			111,865		52,393			281,927
Foreign currency translation adjustments		(45	)		3,176		1,939			5,070

Balance, December 31, 2012		268,790			158,653		73,698			501,141
Goodwill from acquisitions (2)		173,101			—		(832	)		172,269
Foreign currency translation adjustments		(625	)		1,505		(5,073	)		(4,193	)

Balance, December 31, 2013	$	441,266		$	160,158	$	67,793		$	669,217

(1)	Addition relates to the goodwill acquired in the acquisitions of S1, North Data and Distra as discussed in Note 2.

(2)

Addition relates to the goodwill acquired in the acquisitions of OPAY, ORCC, PTESA and Distra as discussed in Note 2. The purchase price allocation for all 2013 acquisitions are preliminary as of December 31, 2013 and accordingly are subject to future changes during the maximum one-year allocation period.