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Segment Information
 9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information

11. 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 segments.

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 reportable 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:

 

     Three Months Ended
September 30,		     Nine Months Ended
September 30,		  

(in thousands)

    2014     2013     2014     2013  

Revenues:

         

Americas

    $ 172,918      $ 136,812      $ 505,432      $ 369,504   

EMEA

      56,793        51,692        161,604        145,982   

Asia/Pacific

      19,933        25,435        58,889        66,280   
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 249,644      $ 213,939      $ 725,925      $ 581,766   
  

 

 

    

 

 

    

 

 

    

 

 

  

Income before income taxes:

         

Americas

    $ 37,746      $ 36,320      $ 80,779      $ 79,612   

EMEA

      30,186        14,968        72,526        43,176   

Asia/Pacific

      9,048        10,641        25,130        19,828   

Corporate

      (51,815 )      (42,820 )      (149,366 )      (123,956 ) 
  

 

 

    

 

 

    

 

 

    

 

 

  
   $ 25,165      $ 19,109      $ 29,069      $ 18,660   
  

 

 

    

 

 

    

 

 

    

 

 

  

 

(in thousands)

    September 30,
2014		      December 31,
2013		  

Total assets:

      

Americas - United States

    $ 1,177,766       $ 1,129,064   

Americas - Other

      39,020         39,995   

EMEA

      484,000         380,320   

Asia/Pacific

      121,235         132,472   
  

 

 

     

 

 

  
   $ 1,822,021       $ 1,681,851   
  

 

 

     

 

 

  

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three and nine months ended September 30, 2014 and 2013. No other country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the three and nine months ended September 30, 2014 and 2013.