Condensed Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2015

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 that will be billed in future periods.


(in thousands)	June 30, 2015			December 31, 2014
Billed Receivables	$	177,730		$	200,392
Allowance for doubtful accounts		(5,058	)		(4,806	)

Billed, net		172,672			195,586
Accrued Receivables		48,297			31,520

Receivables, net	$	220,969		$	227,106

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


(in thousands)	June 30, 2015		December 31, 2014
Settlement deposits	$	5,198	$	13,252
Settlement receivables		5,935		11,032
Current debt issuance costs		5,857		6,244
Other		7,371		9,889

Total other current assets	$	24,361	$	40,417


(in thousands)	June 30, 2015		December 31, 2014
Settlement payables	$	10,682	$	21,715
Accrued interest		7,209		7,256
Vendor financed licenses		14,535		7,340
Royalties payable		2,722		4,070
Other		23,038		27,124

Total other current liabilities	$	58,186	$	67,505

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the six months ended June 30, 2015 were as follows:


(in thousands)	Americas			EMEA			Asia/ Pacific			Total
Gross Balance prior to December 31, 2014	$	523,914		$	240,303		$	64,378		$	828,595
Total impairment prior to December 31, 2014		(47,432	)		—			—			(47,432	)

Balance, December 31, 2014		476,482			240,303			64,378			781,163
Goodwill from acquisitions (1)		(788	)		(229	)		—			(1,017	)
Foreign currency translation adjustments		(647	)		(2,068	)		(2,152	)		(4,867	)

Balance, June 30, 2015	$	475,047		$	238,006		$	62,226		$	775,279

(1)

Goodwill from acquisitions relates to adjustments in the goodwill recorded for the acquisition of Retail Decisions Europe Limited and Retail Decisions, Inc. (collectively “ReD”) as discussed in Note 2. The purchase price allocation for ReD is preliminary as of June 30, 2015 and accordingly is subject to future changes during the maximum one-year allocation period.

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 condensed consolidated statements of income from arrangements for which VSOE of fair value does not exist for each undelivered element:


	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2015		2014		2015		2014
License	$	1,918	$	5,784	$	3,925	$	12,640
Maintenance		872		2,197		1,815		4,413
Services		131		5		234		13

Total	$	2,921	$	7,986	$	5,974	$	17,066