Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2014

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 consolidated statements of income from arrangements for which VSOE of fair value does not exist for each undelivered element (in thousands):


	Years Ended December 31,
	2014		2013		2012
License	$	22,211	$	22,190	$	38,226
Maintenance		7,699		9,649		14,178
Services		13		10		830

Total	$	29,923	$	31,849	$	53,234

Receivables and Concentration of Credit Risk

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 billed in future periods.


	December 31,
	2014			2013
Billed Receivables	$	200,392		$	173,100
Allowance for doubtful accounts		(4,806	)		(4,459	)

Billed, net		195,586			168,641
Accrued Receivables		31,520			34,934

Receivables, net	$	227,106		$	203,575

Activity in Allowance for Doubtful Accounts Receivable

The following reflects activity in the Company’s allowance for doubtful accounts receivable (in thousands):


	Years Ended December 31,
	2014			2013			2012
Balance, beginning of period	$	(4,459	)	$	(8,117	)	$	(4,843	)
Provision (increase) decrease		(1,049	)		1,161			(3,173	)
Amounts written off, net of recoveries		1,053			2,296			35
Foreign currency translation adjustments and other		(351	)		201			(136	)

Balance, end of period	$	(4,806	)	$	(4,459	)	$	(8,117	)

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


	December 31,
	2014		2013
Settlement deposits	$	13,252	$	27,770
Settlement receivables		11,032		20,119
Current debt issuance costs		6,244		5,276
Other		9,889		12,163

Total other current assets	$	40,417	$	65,328


	December 31,
	2014		2013
Settlement payables	$	21,715	$	42,841
Accrued interest		7,256		7,074
Vendor financed licenses		7,340		6,410
Royalties payable		4,070		5,627
Other		27,124		33,064

Total other current liabilities	$	67,505	$	95,016

Property and Equipment Estimated Useful Lives

Property and equipment are stated at cost. Depreciation of these assets is generally computed using the straight-line method over their estimated useful lives based on asset class. As of December 31, 2014 and 2013, net property and equipment consisted of the following (in thousands):


	Useful Lives	2014			2013
Computer and office equipment	3 to 5 years	$	81,850		$	72,163
Leasehold improvements	Lesser of useful life of improvement or remaining life of lease		17,193			15,210
Furniture and fixtures	7 years		11,202			10,537
Building and improvements	7 – 30 years		8,884			5,869
Land	Non depreciable		1,785			1,336

			120,914			105,115
Less: accumulated depreciation and amortization			(60,554	)		(47,768	)

Property and equipment, net		$	60,360		$	57,347

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the years ended December 31, 2014 and 2013, were as follows (in thousands):


	Americas			EMEA			Asia/Pacific			Total
Gross Balance prior to December 31, 2012	$	316,222		$	158,653		$	73,698		$	548,573
Total impairment prior to December 31, 2012		(47,432	)		—			—			(47,432	)

Balance, December 31, 2012		268,790			158,653			73,698			501,141
Goodwill from acquisitions (1)		173,101			—			(832	)		172,269
Foreign currency translation adjustments		(625	)		1,505			(5,073	)		(4,193	)

Balance, December 31, 2013		441,266			160,158			67,793			669,217
Goodwill from acquisitions (2)		36,623			84,515			—			121,138
Foreign currency translation adjustments		(1,407	)		(4,370	)		(3,415	)		(9,192	)

Balance, December 31, 2014	$	476,482		$	240,303		$	64,378		$	781,163

(1)	Addition relates to the goodwill acquired in the acquisitions of OPAY, ORCC, PTESA and Distra as discussed in Note 2, Acquisitions.

(2)

Goodwill from acquisitions relates to the goodwill recorded for the acquisition of ReD, as well as adjustments to goodwill related to the acquisitions of OPAY, ORCC, and PTESA as discussed in Note 2. The purchase price allocation for ReD is preliminary as of December 31, 2014 and accordingly is subject to future changes during the maximum one-year measurement period.