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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
License $ 67,161 $ 61,377 $ 106,738 $ 97,079
Maintenance 60,141 62,309 119,633 124,808
Services 23,110 24,991 46,607 47,579
Hosting 115,410 106,131 225,661 206,815
Total revenues 265,822 254,808 498,639 476,281
Operating expenses        
Cost of license [1] 5,939 6,897 12,048 12,633
Cost of maintenance, services and hosting [1] 120,484 112,595 233,497 220,482
Research and development 39,425 38,876 76,516 76,332
Selling and marketing 31,298 28,007 60,209 55,916
General and administrative 25,008 24,682 46,583 49,798
Depreciation and amortization 20,004 17,010 39,697 34,088
Total operating expenses 242,158 228,067 468,550 449,249
Operating income 23,664 26,741 30,089 27,032
Other income (expense)        
Interest expense (10,505) (9,329) (21,446) (18,504)
Interest income 58 135 160 334
Other, net 19,659 (3,901) 23,381 (4,958)
Total other income (expense) 9,212 (13,095) 2,095 (23,128)
Income before income taxes 32,876 13,646 32,184 3,904
Income tax expense (benefit) 5,825 2,409 5,295 (1,558)
Net income $ 27,051 $ 11,237 $ 26,889 $ 5,462
Income per common share        
Basic $ 0.23 $ 0.10 $ 0.23 $ 0.05
Diluted $ 0.23 $ 0.10 $ 0.23 $ 0.05
Weighted average common shares outstanding        
Basic 117,109 113,907 116,584 114,663
Diluted 118,575 115,977 118,088 116,812
[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.