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Quarterly Financial Data | 12 Months Ended
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Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data | 16. Quarterly Financial Data (unaudited)
|  | Quarter Ended |  |  | Year Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | December 31, |
(in thousands, except per share amounts) |  | 2014 |  |  | 2014 |  |  | 2014 |  |  | 2014 |  |  | 2014 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
License |  | $ | 35,702 |  |  | $ | 61,377 |  |  | $ | 57,653 |  |  | $ | 80,425 |  |  | $ | 235,157 |
Maintenance |  |  | 62,499 |  |  |  | 62,309 |  |  |  | 63,764 |  |  |  | 67,421 |  |  |  | 255,993 |
Services |  |  | 22,588 |  |  |  | 24,991 |  |  |  | 28,194 |  |  |  | 29,811 |  |  |  | 105,584 |
Hosting |  |  | 100,684 |  |  |  | 106,131 |  |  |  | 100,033 |  |  |  | 112,567 |  |  |  | 419,415 |
Total revenues |  |  | 221,473 |  |  |  | 254,808 |  |  |  | 249,644 |  |  |  | 290,224 |  |  |  | 1,016,149 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of license (1) |  |  | 5,736 |  |  |  | 6,897 |  |  |  | 5,433 |  |  |  | 6,499 |  |  |  | 24,565 |
Cost of maintenance, services and hosting (1) |  |  | 107,887 |  |  |  | 112,595 |  |  |  | 105,319 |  |  |  | 104,390 |  |  |  | 430,191 |
Research and development |  |  | 37,456 |  |  |  | 38,876 |  |  |  | 36,321 |  |  |  | 31,554 |  |  |  | 144,207 |
Selling and marketing |  |  | 27,909 |  |  |  | 28,007 |  |  |  | 27,078 |  |  |  | 29,053 |  |  |  | 112,047 |
General and administrative |  |  | 25,116 |  |  |  | 24,682 |  |  |  | 25,329 |  |  |  | 19,938 |  |  |  | 95,065 |
Depreciation and amortization |  |  | 17,078 |  |  |  | 17,010 |  |  |  | 18,295 |  |  |  | 19,519 |  |  |  | 71,902 |
Total operating expenses |  |  | 221,182 |  |  |  | 228,067 |  |  |  | 217,775 |  |  |  | 210,953 |  |  |  | 877,977 |
Operating income |  |  | 291 |  |  |  | 26,741 |  |  |  | 31,869 |  |  |  | 79,271 |  |  |  | 138,172 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (9,175 | ) |  |  | (9,329 | ) |  |  | (10,416 | ) |  |  | (10,818 | ) |  |  | (39,738 | )
Interest income |  |  | 199 |  |  |  | 135 |  |  |  | 98 |  |  |  | 143 |  |  |  | 575 |
Other, net |  |  | (1,057 | ) |  |  | (3,901 | ) |  |  | 3,614 |  |  |  | 1,104 |  |  |  | (240 | )
Total other income (expense) |  |  | (10,033 | ) |  |  | (13,095 | ) |  |  | (6,704 | ) |  |  | (9,571 | ) |  |  | (39,403 | )
Income (loss) before income taxes |  |  | (9,742 | ) |  |  | 13,646 |  |  |  | 25,165 |  |  |  | 69,700 |  |  |  | 98,769 |
Income tax expense (benefit) |  |  | (3,967 | ) |  |  | 2,409 |  |  |  | 9,433 |  |  |  | 23,334 |  |  |  | 31,209 |
Net income (loss) |  | $ | (5,775 | ) |  | $ | 11,237 |  |  | $ | 15,732 |  |  | $ | 46,366 |  |  | $ | 67,560 |
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.05 | ) |  | $ | 0.10 |  |  | $ | 0.14 |  |  | $ | 0.40 |  |  | $ | 0.59 |
Diluted |  | $ | (0.05 | ) |  | $ | 0.10 |  |  | $ | 0.14 |  |  | $ | 0.40 |  |  | $ | 0.58 |
(1) | The cost of software license fees excludes charges for depreciation but includes amortization of purchased and developed software for resale. The cost of maintenance, services and hosting fees excludes charges for depreciation.
|  | Quarter Ended |  |  | Year Ended |
|  | March 31, |  |  | June 30, |  |  | September 30, |  |  | December 31, |  |  | December 31, |
(in thousands, except per share amounts) |  | 2013 |  |  | 2013 |  |  | 2013 |  |  | 2013 |  |  | 2013 |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
License |  | $ | 41,356 |  |  | $ | 53,714 |  |  | $ | 56,236 |  |  | $ | 82,625 |  |  | $ | 233,931 |
Maintenance |  |  | 58,634 |  |  |  | 57,830 |  |  |  | 60,457 |  |  |  | 69,033 |  |  |  | 245,954 |
Services |  |  | 23,929 |  |  |  | 26,964 |  |  |  | 30,240 |  |  |  | 40,952 |  |  |  | 122,085 |
Hosting |  |  | 38,078 |  |  |  | 67,322 |  |  |  | 67,006 |  |  |  | 90,552 |  |  |  | 262,958 |
Total revenues |  |  | 161,997 |  |  |  | 205,830 |  |  |  | 213,939 |  |  |  | 283,162 |  |  |  | 864,928 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of license (1) |  |  | 5,918 |  |  |  | 6,169 |  |  |  | 5,888 |  |  |  | 7,349 |  |  |  | 25,324 |
Cost of maintenance, services and hosting (1) |  |  | 61,871 |  |  |  | 82,573 |  |  |  | 80,948 |  |  |  | 93,123 |  |  |  | 318,515 |
Research and development |  |  | 37,149 |  |  |  | 38,391 |  |  |  | 33,642 |  |  |  | 33,375 |  |  |  | 142,557 |
Selling and marketing |  |  | 25,074 |  |  |  | 27,538 |  |  |  | 24,098 |  |  |  | 23,118 |  |  |  | 99,828 |
General and administrative |  |  | 25,037 |  |  |  | 26,147 |  |  |  | 24,559 |  |  |  | 23,557 |  |  |  | 99,300 |
Depreciation and amortization |  |  | 10,957 |  |  |  | 13,490 |  |  |  | 15,249 |  |  |  | 16,660 |  |  |  | 56,356 |
Total operating expenses |  |  | 166,006 |  |  |  | 194,308 |  |  |  | 184,384 |  |  |  | 197,182 |  |  |  | 741,880 |
Operating income (loss) |  |  | (4,009 | ) |  |  | 11,522 |  |  |  | 29,555 |  |  |  | 85,980 |  |  |  | 123,048 |
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (3,897 | ) |  |  | (6,053 | ) |  |  | (7,453 | ) |  |  | (9,818 | ) |  |  | (27,221 | )
Interest income |  |  | 131 |  |  |  | 211 |  |  |  | 159 |  |  |  | 158 |  |  |  | 659 |
Other, net |  |  | 3,165 |  |  |  | (1,519 | ) |  |  | (3,152 | ) |  |  | (1,821 | ) |  |  | (3,327 | )
Total other income (expense) |  |  | (601 | ) |  |  | (7,361 | ) |  |  | (10,446 | ) |  |  | (11,481 | ) |  |  | (29,889 | )
Income (loss) before income taxes |  |  | (4,610 | ) |  |  | 4,161 |  |  |  | 19,109 |  |  |  | 74,499 |  |  |  | 93,159 |
Income tax expense (benefit) |  |  | (2,444 | ) |  |  | 2,280 |  |  |  | 5,347 |  |  |  | 24,108 |  |  |  | 29,291 |
Net income (loss) |  | $ | (2,166 | ) |  | $ | 1,881 |  |  | $ | 13,762 |  |  | $ | 50,391 |  |  | $ | 63,868 |
Earnings (loss) per share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (2) (3) |  | $ | (0.02 | ) |  | $ | 0.02 |  |  | $ | 0.12 |  |  | $ | 0.43 |  |  | $ | 0.54 |
Diluted (2) (3) |  | $ | (0.02 | ) |  | $ | 0.02 |  |  | $ | 0.12 |  |  | $ | 0.43 |  |  | $ | 0.53 |
(1) | The cost of software license fees excludes charges for depreciation but includes amortization of purchased and developed software for resale. The cost of maintenance, services and hosting fees excludes charges for depreciation.
(2) | The sum of the earnings per share by quarter does not agree to the earnings per share for the year ended December 31, 2013 due to rounding.
(3) | Earnings (loss) per share balances by quarter have been retroactively adjusted for the three-for-one stock split approved on July 10, 2014.

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