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Segment Information
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Information
11. 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 line item. 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 line item. 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 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 reportable segments. Corporate overhead costs relate to human resources, finance, legal, accounting, merger and acquisition activity and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates segment performance. For the three and six month periods ended June 30, 2015, the Corporate line item also includes the gain on the sale of the Company’s holdings in Yodlee.

 

The following is selected segment financial data for the periods indicated:

 

     Three Months Ended
June 30,		      Six Months Ended
June 30,		  

(in thousands)

    2015      2014      2015      2014  

Revenues:

            

Americas - United States

    $ 160,754       $ 154,957       $ 306,538       $ 291,087   

Americas - Other

      16,977         22,788         34,943         41,427   

EMEA

      68,504         57,350         117,888         104,811   

Asia/Pacific

      19,587         19,713         39,270         38,956   
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 265,822    $ 254,808    $ 498,639    $ 476,281   
  

 

 

     

 

 

     

 

 

     

 

 

  

Income before income taxes:

Americas

 $ 21,569    $ 26,074    $ 37,678    $ 43,033   

EMEA

   33,494      24,669      54,195      42,340   

Asia/Pacific

   8,315      10,428      18,572      16,082   

Corporate

   (30,502 )    (47,525 )    (78,261 )    (97,551 ) 
  

 

 

     

 

 

     

 

 

     

 

 

  
$ 32,876    $ 13,646    $ 32,184    $ 3,904   
  

 

 

     

 

 

     

 

 

     

 

 

  

 

(in thousands)

    June 30,
2015		      December 31,
2014		  

Total assets:

      

Americas - United States

    $ 1,143,171       $ 1,210,674   

Americas - Other

      28,561         32,594   

EMEA

      484,569         487,629   

Asia/Pacific

      116,157         119,803   
  

 

 

     

 

 

  
$ 1,772,458    $ 1,850,700   
  

 

 

     

 

 

  

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three and six months ended June 30, 2015 and 2014. Aggregate revenues attributable to customers in the United Kingdom accounted for 12.7% of the Company’s consolidated revenues during the three months ended June 30, 2015. No other country outside the United Kingdom and the United States accounted for more than 10% of the Company’s consolidated revenues during the three months ended June 30, 2015. No country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the six months ended June 30, 2015 or the three and six months ended June 30, 2014.