Condensed Consolidated Financial Statements (Tables)

9 Months Ended

Sep. 30, 2016

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 or determinable but billed in future periods.


(in thousands)	September 30, 2016			December 31, 2015
Billed Receivables	$	139,671		$	192,045
Allowance for doubtful accounts		(3,829	)		(5,045	)

Billed, net		135,842			187,000
Accrued Receivables		23,567			32,116

Receivables, net	$	159,409		$	219,116

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


(in thousands)	September 30, 2016		December 31, 2015
Settlement deposits	$	4,713	$	5,357
Settlement receivables		2,847		7,961
Other		10,744		8,319

Total other current assets	$	18,304	$	21,637


(in thousands)	September 30, 2016		December 31, 2015
Settlement payables	$	6,547	$	11,250
Accrued interest		2,651		7,501
Vendor financed licenses		9,385		15,723
Royalties payable		6,652		4,910
Other		29,844		35,841

Total other current liabilities	$	55,079	$	75,225

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the nine months ended September 30, 2016 were as follows:


(in thousands)	Americas			EMEA			Asia/Pacific		Total
Gross Balance prior to December 31, 2015	$	524,573		$	376,827		$	59,293	$	960,693
Total impairment prior to December 31, 2015		(47,432	)		—			—		(47,432	)

Balance, December 31, 2015		477,141			376,827			59,293		913,261
Goodwill from acquisitions (1)		—			665			—		665
Foreign currency translation adjustments		553			(1,062	)		2,440		1,931

Balance, September 30, 2016	$	477,694		$	376,430		$	61,733	$	915,857

(1)

Goodwill from acquisitions relates to adjustments in the goodwill recorded for the acquisition of PAY.ON AG and its subsidiaries (collectively “PAY.ON”) as discussed in Note 2, Acquisitions. The purchase price allocation for PAY.ON is preliminary as of September 30, 2016 and accordingly is subject to future changes during the maximum one-year measurement 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 operations from arrangements for which VSOE of fair value does not exist for each undelivered element:


(in thousands)	Three Months Ended September 30,				Nine Months Ended September 30,
	2016		2015		2016		2015
License	$	1,732	$	1,885	$	5,127	$	5,810
Maintenance		840		923		2,637		2,738
Services		61		55		199		289

Total	$	2,633	$	2,863	$	7,963	$	8,837