XML 78 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues                      
License $ 80,425us-gaap_LicensesRevenue $ 57,653us-gaap_LicensesRevenue $ 61,377us-gaap_LicensesRevenue $ 35,702us-gaap_LicensesRevenue $ 82,625us-gaap_LicensesRevenue $ 56,236us-gaap_LicensesRevenue $ 53,714us-gaap_LicensesRevenue $ 41,356us-gaap_LicensesRevenue $ 235,157us-gaap_LicensesRevenue $ 233,931us-gaap_LicensesRevenue $ 221,846us-gaap_LicensesRevenue
Maintenance 67,421us-gaap_MaintenanceRevenue 63,764us-gaap_MaintenanceRevenue 62,309us-gaap_MaintenanceRevenue 62,499us-gaap_MaintenanceRevenue 69,033us-gaap_MaintenanceRevenue 60,457us-gaap_MaintenanceRevenue 57,830us-gaap_MaintenanceRevenue 58,634us-gaap_MaintenanceRevenue 255,993us-gaap_MaintenanceRevenue 245,954us-gaap_MaintenanceRevenue 199,876us-gaap_MaintenanceRevenue
Services 29,811us-gaap_TechnologyServicesRevenue 28,194us-gaap_TechnologyServicesRevenue 24,991us-gaap_TechnologyServicesRevenue 22,588us-gaap_TechnologyServicesRevenue 40,952us-gaap_TechnologyServicesRevenue 30,240us-gaap_TechnologyServicesRevenue 26,964us-gaap_TechnologyServicesRevenue 23,929us-gaap_TechnologyServicesRevenue 105,584us-gaap_TechnologyServicesRevenue 122,085us-gaap_TechnologyServicesRevenue 131,536us-gaap_TechnologyServicesRevenue
Hosting 112,567us-gaap_OtherSalesRevenueNet 100,033us-gaap_OtherSalesRevenueNet 106,131us-gaap_OtherSalesRevenueNet 100,684us-gaap_OtherSalesRevenueNet 90,552us-gaap_OtherSalesRevenueNet 67,006us-gaap_OtherSalesRevenueNet 67,322us-gaap_OtherSalesRevenueNet 38,078us-gaap_OtherSalesRevenueNet 419,415us-gaap_OtherSalesRevenueNet 262,958us-gaap_OtherSalesRevenueNet 113,321us-gaap_OtherSalesRevenueNet
Total revenues 290,224us-gaap_SalesRevenueNet 249,644us-gaap_SalesRevenueNet 254,808us-gaap_SalesRevenueNet 221,473us-gaap_SalesRevenueNet 283,162us-gaap_SalesRevenueNet 213,939us-gaap_SalesRevenueNet 205,830us-gaap_SalesRevenueNet 161,997us-gaap_SalesRevenueNet 1,016,149us-gaap_SalesRevenueNet 864,928us-gaap_SalesRevenueNet 666,579us-gaap_SalesRevenueNet
Operating expenses                      
Cost of license 6,499us-gaap_LicenseCosts [1] 5,433us-gaap_LicenseCosts [1] 6,897us-gaap_LicenseCosts [1] 5,736us-gaap_LicenseCosts [1] 7,349us-gaap_LicenseCosts [1] 5,888us-gaap_LicenseCosts [1] 6,169us-gaap_LicenseCosts [1] 5,918us-gaap_LicenseCosts [1] 24,565us-gaap_LicenseCosts [1] 25,324us-gaap_LicenseCosts [1] 23,592us-gaap_LicenseCosts [1]
Cost of maintenance, services and hosting 104,390us-gaap_CostOfServices [1] 105,319us-gaap_CostOfServices [1] 112,595us-gaap_CostOfServices [1] 107,887us-gaap_CostOfServices [1] 93,123us-gaap_CostOfServices [1] 80,948us-gaap_CostOfServices [1] 82,573us-gaap_CostOfServices [1] 61,871us-gaap_CostOfServices [1] 430,191us-gaap_CostOfServices [1] 318,515us-gaap_CostOfServices [1] 202,052us-gaap_CostOfServices [1]
Research and development 31,554us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 36,321us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 38,876us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 37,456us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 33,375us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 33,642us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 38,391us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 37,149us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 144,207us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 142,557us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost 133,759us-gaap_ResearchAndDevelopmentExpenseSoftwareExcludingAcquiredInProcessCost
Selling and marketing 29,053us-gaap_SellingAndMarketingExpense 27,078us-gaap_SellingAndMarketingExpense 28,007us-gaap_SellingAndMarketingExpense 27,909us-gaap_SellingAndMarketingExpense 23,118us-gaap_SellingAndMarketingExpense 24,098us-gaap_SellingAndMarketingExpense 27,538us-gaap_SellingAndMarketingExpense 25,074us-gaap_SellingAndMarketingExpense 112,047us-gaap_SellingAndMarketingExpense 99,828us-gaap_SellingAndMarketingExpense 87,054us-gaap_SellingAndMarketingExpense
General and administrative 19,938us-gaap_GeneralAndAdministrativeExpense 25,329us-gaap_GeneralAndAdministrativeExpense 24,682us-gaap_GeneralAndAdministrativeExpense 25,116us-gaap_GeneralAndAdministrativeExpense 23,557us-gaap_GeneralAndAdministrativeExpense 24,559us-gaap_GeneralAndAdministrativeExpense 26,147us-gaap_GeneralAndAdministrativeExpense 25,037us-gaap_GeneralAndAdministrativeExpense 95,065us-gaap_GeneralAndAdministrativeExpense 99,300us-gaap_GeneralAndAdministrativeExpense 108,747us-gaap_GeneralAndAdministrativeExpense
Depreciation and amortization 19,519us-gaap_DepreciationAndAmortization 18,295us-gaap_DepreciationAndAmortization 17,010us-gaap_DepreciationAndAmortization 17,078us-gaap_DepreciationAndAmortization 16,660us-gaap_DepreciationAndAmortization 15,249us-gaap_DepreciationAndAmortization 13,490us-gaap_DepreciationAndAmortization 10,957us-gaap_DepreciationAndAmortization 71,902us-gaap_DepreciationAndAmortization 56,356us-gaap_DepreciationAndAmortization 37,003us-gaap_DepreciationAndAmortization
Total operating expenses 210,953us-gaap_OperatingExpenses 217,775us-gaap_OperatingExpenses 228,067us-gaap_OperatingExpenses 221,182us-gaap_OperatingExpenses 197,182us-gaap_OperatingExpenses 184,384us-gaap_OperatingExpenses 194,308us-gaap_OperatingExpenses 166,006us-gaap_OperatingExpenses 877,977us-gaap_OperatingExpenses 741,880us-gaap_OperatingExpenses 592,207us-gaap_OperatingExpenses
Operating income 79,271us-gaap_OperatingIncomeLoss 31,869us-gaap_OperatingIncomeLoss 26,741us-gaap_OperatingIncomeLoss 291us-gaap_OperatingIncomeLoss 85,980us-gaap_OperatingIncomeLoss 29,555us-gaap_OperatingIncomeLoss 11,522us-gaap_OperatingIncomeLoss (4,009)us-gaap_OperatingIncomeLoss 138,172us-gaap_OperatingIncomeLoss 123,048us-gaap_OperatingIncomeLoss 74,372us-gaap_OperatingIncomeLoss
Other income (expense)                      
Interest expense (10,818)us-gaap_InterestExpense (10,416)us-gaap_InterestExpense (9,329)us-gaap_InterestExpense (9,175)us-gaap_InterestExpense (9,818)us-gaap_InterestExpense (7,453)us-gaap_InterestExpense (6,053)us-gaap_InterestExpense (3,897)us-gaap_InterestExpense (39,738)us-gaap_InterestExpense (27,221)us-gaap_InterestExpense (10,417)us-gaap_InterestExpense
Interest income 143us-gaap_InvestmentIncomeInterest 98us-gaap_InvestmentIncomeInterest 135us-gaap_InvestmentIncomeInterest 199us-gaap_InvestmentIncomeInterest 158us-gaap_InvestmentIncomeInterest 159us-gaap_InvestmentIncomeInterest 211us-gaap_InvestmentIncomeInterest 131us-gaap_InvestmentIncomeInterest 575us-gaap_InvestmentIncomeInterest 659us-gaap_InvestmentIncomeInterest 914us-gaap_InvestmentIncomeInterest
Other, net 1,104us-gaap_OtherNonoperatingIncomeExpense 3,614us-gaap_OtherNonoperatingIncomeExpense (3,901)us-gaap_OtherNonoperatingIncomeExpense (1,057)us-gaap_OtherNonoperatingIncomeExpense (1,821)us-gaap_OtherNonoperatingIncomeExpense (3,152)us-gaap_OtherNonoperatingIncomeExpense (1,519)us-gaap_OtherNonoperatingIncomeExpense 3,165us-gaap_OtherNonoperatingIncomeExpense (240)us-gaap_OtherNonoperatingIncomeExpense (3,327)us-gaap_OtherNonoperatingIncomeExpense 399us-gaap_OtherNonoperatingIncomeExpense
Total other income (expense) (9,571)us-gaap_NonoperatingIncomeExpense (6,704)us-gaap_NonoperatingIncomeExpense (13,095)us-gaap_NonoperatingIncomeExpense (10,033)us-gaap_NonoperatingIncomeExpense (11,481)us-gaap_NonoperatingIncomeExpense (10,446)us-gaap_NonoperatingIncomeExpense (7,361)us-gaap_NonoperatingIncomeExpense (601)us-gaap_NonoperatingIncomeExpense (39,403)us-gaap_NonoperatingIncomeExpense (29,889)us-gaap_NonoperatingIncomeExpense (9,104)us-gaap_NonoperatingIncomeExpense
Income before income taxes 69,700us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 25,165us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 13,646us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (9,742)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 74,499us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 19,109us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 4,161us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest (4,610)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 98,769us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 93,159us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 65,268us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense 23,334us-gaap_IncomeTaxExpenseBenefit 9,433us-gaap_IncomeTaxExpenseBenefit 2,409us-gaap_IncomeTaxExpenseBenefit (3,967)us-gaap_IncomeTaxExpenseBenefit 24,108us-gaap_IncomeTaxExpenseBenefit 5,347us-gaap_IncomeTaxExpenseBenefit 2,280us-gaap_IncomeTaxExpenseBenefit (2,444)us-gaap_IncomeTaxExpenseBenefit 31,209us-gaap_IncomeTaxExpenseBenefit 29,291us-gaap_IncomeTaxExpenseBenefit 16,422us-gaap_IncomeTaxExpenseBenefit
Net income $ 46,366us-gaap_NetIncomeLoss $ 15,732us-gaap_NetIncomeLoss $ 11,237us-gaap_NetIncomeLoss $ (5,775)us-gaap_NetIncomeLoss $ 50,391us-gaap_NetIncomeLoss $ 13,762us-gaap_NetIncomeLoss $ 1,881us-gaap_NetIncomeLoss $ (2,166)us-gaap_NetIncomeLoss $ 67,560us-gaap_NetIncomeLoss $ 63,868us-gaap_NetIncomeLoss $ 48,846us-gaap_NetIncomeLoss
Earnings per common share                      
Basic $ 0.40us-gaap_EarningsPerShareBasic $ 0.14us-gaap_EarningsPerShareBasic $ 0.10us-gaap_EarningsPerShareBasic $ (0.05)us-gaap_EarningsPerShareBasic $ 0.43us-gaap_EarningsPerShareBasic [2],[3] $ 0.12us-gaap_EarningsPerShareBasic [2],[3] $ 0.02us-gaap_EarningsPerShareBasic [2],[3] $ (0.02)us-gaap_EarningsPerShareBasic [2],[3] $ 0.59us-gaap_EarningsPerShareBasic $ 0.54us-gaap_EarningsPerShareBasic [2],[3] $ 0.42us-gaap_EarningsPerShareBasic
Diluted $ 0.40us-gaap_EarningsPerShareDiluted $ 0.14us-gaap_EarningsPerShareDiluted $ 0.10us-gaap_EarningsPerShareDiluted $ (0.05)us-gaap_EarningsPerShareDiluted $ 0.43us-gaap_EarningsPerShareDiluted [2],[3] $ 0.12us-gaap_EarningsPerShareDiluted [2],[3] $ 0.02us-gaap_EarningsPerShareDiluted [2],[3] $ (0.02)us-gaap_EarningsPerShareDiluted [2],[3] $ 0.58us-gaap_EarningsPerShareDiluted $ 0.53us-gaap_EarningsPerShareDiluted [2],[3] $ 0.41us-gaap_EarningsPerShareDiluted
Weighted average common shares outstanding                      
Basic                 114,798us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 117,885us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 116,089us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted                 116,771us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 120,054us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 119,716us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[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.