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Segment Information
 12 Months Ended
Dec. 31, 2014
Segment Reporting [Abstract]  
Segment Information

10. 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 segment. 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 segment. 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 and other facility related 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 software as well as other costs that are not considered when management evaluates segment performance.

 

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

 

     Years Ended December 31,  
     2014      2013      2012  

Revenues:

         

Americas – United States

    $ 614,488       $ 450,251       $ 277,775   

Americas – Other

      87,279         91,639         74,422   

EMEA

      230,879         228,679         218,015   

Asia/Pacific

      83,503         94,359         96,367   
  

 

 

     

 

 

     

 

 

  
   $ 1,016,149       $ 864,928       $ 666,579   
  

 

 

     

 

 

     

 

 

  

Depreciation and amortization expense:

         

Americas

    $ 20,548       $ 17,030       $ 10,917   

EMEA

      4,126         6,310         5,175   

Asia/Pacific

      1,809         2,574         3,075   

Corporate

      60,200         44,053         31,614   
  

 

 

     

 

 

     

 

 

  
   $ 86,683       $ 69,967       $ 50,781   
  

 

 

     

 

 

     

 

 

  

Stock-based compensation expense:

         

Americas

    $ 2,910       $ 2,392       $ 256   

EMEA

      419         759         439   

Asia/Pacific

      249         293         314   

Corporate

      7,467         10,128         14,177   
  

 

 

     

 

 

     

 

 

  
   $ 11,045       $ 13,572       $ 15,186   
  

 

 

     

 

 

     

 

 

  

Income (loss) before taxes:

         

Americas

    $ 143,379       $ 145,496       $ 103,165   

EMEA

      116,120         87,522         78,848   

Asia/Pacific

      38,853         33,923         32,673   

Corporate

      (199,583 )       (173,782 )       (149,418 ) 
  

 

 

     

 

 

     

 

 

  
   $ 98,769       $ 93,159       $ 65,268   
  

 

 

     

 

 

     

 

 

  

 

     December 31,  
     2014      2013  

Long lived assets:

      

Americas – United States

    $ 929,459       $ 832,169   

Americas – Other

      15,337         18,708   

EMEA

      360,033         262,906   

Asia/Pacific

      77,416         82,854   
  

 

 

     

 

 

  
   $ 1,382,245       $ 1,196,637   
  

 

 

     

 

 

  

 

     December 31,  
     2014      2013  

Total assets:

      

Americas – United States

    $ 1,210,674       $ 1,129,064   

Americas – Other

      32,594         39,995   

EMEA

      487,629         380,320   

Asia/Pacific

      119,803         132,472   
  

 

 

     

 

 

  
   $ 1,850,700       $ 1,681,851   
  

 

 

     

 

 

  

 

Additionally, the Company offers seven primary product categories that are sold in each of the geographic regions listed above. Following are revenues, by product and services (in thousands):

 

     Years Ended December 31,  
     2014      2013      2012  

Retail payments processing

    $ 406,023       $ 410,200       $ 372,942   

Billers

      235,039         101,981         —     

Online banking and community financial services

      227,659         223,902         169,652   

Tools and infrastructure

      40,427         38,241         37,145   

Wholesale banking payments

      37,879         35,396         39,717   

Payment fraud management

      36,235         37,136         25,160   

Card and merchant management

      32,887         18,072         21,963   
  

 

 

     

 

 

     

 

 

  

Total

    $ 1,016,149       $ 864,928       $ 666,579   
  

 

 

     

 

 

     

 

 

  

During the years ended December 31, 2014, 2013 and 2012, approximately 21%, 28%, and 32%, respectively, of the Company’s total revenues were derived from licensing the BASE24 product line, which does not include the BASE24-eps product, and providing related services and maintenance.

No country outside of the United States accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2014, 2013 and 2012. No single customer accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2014, 2013 and 2012.