Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services and SaaS and PaaS revenues earned in the current period but billed in the following period and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment in the future.


	September 30,			December 31,
(in thousands)	2018			2017
Billed Receivables	$	172,395		$	240,137
Allowance for doubtful accounts		(3,598	)		(4,799	)

Billed Receivables, net	$	168,797		$	235,338

Accrued receivables		324,019			27,507
Significant financing component		(31,343	)		—

Total accrued receivables, net		292,676			27,507
Less current accrued receivables		120,532			27,507
Less current significant financing component		(9,688	)		—

Total long-term accrued receivables, net	$	181,832		$	—

Total receivables, net	$	461,473		$	262,845

Changes in Deferred Revenue

Changes in deferred revenue were as follows:


	Deferred
(in thousands)	Revenue
Balance, January 1, 2018	$	145,344
Deferral of revenue		145,573
Recognition of deferred revenue		(144,935	)
Foreign currency translation		(3,525	)

Balance, September 30, 2018	$	142,457

Financial Statement Effect of Applying ASC 606

The financial statement line items affected by adoption of ASC 606 are as follows:


	September 30, 2018
(in thousands)	As Reported		Without application of ASC 606		Effect of Change Higher / (Lower)
Assets
Receivables, net of allowances	$	279,641	$	202,829	$	76,812
Recoverable income taxes		8,233		6,711		1,522
Prepaid expenses		25,875		26,616		(741	)
Other current assets		23,244		22,844		400
Accrued receivables, net		181,832		—		181,832
Deferred income taxes, net		28,179		67,261		(39,082	)
Other noncurrent assets		54,477		40,275		14,202
Liabilities
Deferred revenue		93,668		108,162		(14,494	)
Income taxes payable		1,600		153		1,447
Other current liabilities		60,075		60,310		(235	)
Deferred income taxes, net		26,372		6,161		20,211
Stockholders’ equity
Total stockholders’ equity		962,938		734,925		228,013


	For the Three Months Ended September 30, 2018
(in thousands)	As Reported			Without application of ASC 606			Effect of Change Higher / (Lower)
Revenues
Software as a service and platform as a service	$	104,519		$	103,764		$	755
License		68,964			69,052			(88	)
Maintenance		54,373			54,659			(286	)
Services		17,669			18,184			(515	)
Operating expenses
Selling and marketing		28,252			26,397			1,855
Other income (expense)
Interest income		2,763			230			2,533
Other, net		(1,304	)		(1,155	)		(149	)
Income tax provision
Income tax expense (benefit)		2,012			2,804			(792	)


	For the Nine Months Ended September 30, 2018
(in thousands)	As Reported			Without application of ASC 606			Effect of Change Higher / (Lower)
Revenues
Software as a service and platform as a service	$	322,399		$	321,897		$	502
License		142,565			163,788			(21,223	)
Maintenance		166,080			166,673			(593	)
Services		58,786			58,938			(152	)
Operating expenses
Selling and marketing		93,305			88,667			4,638
Other income (expense)
Interest income		8,249			601			7,648
Other, net		(3,036	)		(2,495	)		(541	)
Income tax provision
Income tax expense (benefit)		1,824			5,371			(3,547	)