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.