Condensed Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2014

Receivables and Concentration of Credit Risk

Receivables represent amounts billed and amounts earned that are to be billed in the near future. 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 that will be billed in future periods.


(in thousands)	September 30, 2014			December 31, 2013
Billed Receivables	$	187,117		$	173,100
Allowance for doubtful accounts		(5,682	)		(4,459	)

Billed, net		181,435			168,641
Accrued Receivables		36,015			34,934

Receivables, net	$	217,450		$	203,575

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


(in thousands)	September 30, 2014		December 31, 2013
Settlement deposits	$	2,462	$	27,770
Settlement receivables		6,384		20,119
Current debt issuance costs		6,424		5,276
Other		11,517		12,163

Total other current assets	$	26,787	$	65,328


(in thousands)	September 30, 2014		December 31, 2013
Settlement payables	$	7,581	$	42,841
Accrued interest		2,518		7,074
Vendor financed licenses		6,942		6,410
Royalties payable		3,558		5,627
Other		23,582		33,064

Total other current liabilities	$	44,181	$	95,016

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit during the nine months ended September 30, 2014 were as follows:


(in thousands)	Americas			EMEA			Asia/Pacific			Total
Gross Balance prior to December 31, 2013	$	488,698		$	160,158		$	67,793		$	716,649
Total impairment prior to December 31, 2013		(47,432	)		—			—			(47,432	)

Balance, December 31, 2013		441,266			160,158			67,793			669,217
Goodwill from acquisitions (1)		69,318			81,838			—			151,156
Foreign currency translation adjustments		(311	)		(2,650	)		(481	)		(3,442	)

Balance, September 30, 2014	$	510,273		$	239,346		$	67,312		$	816,931

(1)

Goodwill from acquisitions relates to the goodwill recorded for the acquisitions of Retail Decisions Europe Limited and Retail Decisions, Inc. (collectively “ReD”), as well as adjustments to goodwill related to the acquisitions of Official Payments Holdings, Inc. (“OPAY”), Online Resources Corporation (“ORCC”), and Profesionales en Transacciones Electronicas S.A. (“PTESA”) in prior periods as discussed in Note 3. The purchase price allocations for ReD and OPAY are preliminary as of September 30, 2014 and accordingly are subject to future changes during the maximum one-year allocation period.

Revenues in Condensed 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 condensed consolidated statements of income from arrangements for which VSOE of fair value does not exist for each undelivered element:


	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2014		2013		2014		2013
License	$	5,466	$	5,653	$	18,106	$	17,013
Maintenance		1,862		2,325		6,275		7,093
Services		34		—		47		3

Total	$	7,362	$	7,978	$	24,428	$	24,109