Financial Statement Detail

6 Months Ended

Jun. 30, 2013

Financial Statement Detail

Financial Statement Detail

Note 6—Financial Statement Detail

Recurring and non-recurring revenues

The following is a summary of recurring and non-recurring revenues (in thousands):

	Three Months Ended June 30				Six Months Ended June 30
	2013		2012		2013		2012
Term license revenues	$	45,030	$	39,765	$	86,282	$	78,381
Maintenance revenues	16,334		16,649		32,770		33,309
Assets under administration revenues	2,172		1,938		4,905		3,536
Other recurring revenues	24,727		22,590		48,789		44,436
Total recurring revenues	$	88,263	$	80,942	$	172,746	$	159,662

	Three Months Ended June 30				Six Months Ended June 30
	2013		2012		2013		2012
Professional servies and other revenues	$	7,341	$	8,370	$	14,393	$	15,347
Perpetual license fees	519		412		1,474		1,619
Total non-recurring revenues	$	7,860	$	8,782	$	15,867	$	16,966

Prepaid expenses and other

The following is a summary of prepaid expenses and other (in thousands):

	June 30		December 31
	2013		2012
Prepaid contract expense	$	10,037	$	9,798
Deferred commissions	6,712		7,370
Income tax receivable	5,526		—
Other receivables	1,342		451
Debt issuance costs	1,145		—
Prepaid royalty	962		1,081
Deposits	827		1,185
Other	7,601		5,983
Total prepaid expenses and other	$	34,152	$	25,868

Other assets

The following is a summary of other assets (in thousands):

	June 30		December 31
	2013		2012
Prepaid contract expense, long-term	$	4,732	$	3,598
Debt issuance costs	5,608		1,146
Long-term deferred commissions	3,620		3,909
Deposits	2,556		2,555
Other	300		1,786
Total other assets	$	16,816	$	12,994

Deposits include a restricted cash balance of $1.3 million at June 30, 2013 and December 31, 2012 related to the Company’s San Francisco headquarters, and facilities in New York. Refer to Note 12, “Commitments and Contingencies” for additional information.

Accrued liabilities

The following is a summary of accrued liabilities (in thousands):

	June 30		December 31
	2013		2012
Salaries and benefits payable	$	20,752	$	23,365
Accrued stock-based compensation	5,360		—
Deferred rent, current portion	1,658		1,353
Accrued restructuring, current portion	1,576		3,142
Other	10,813		9,236
Total accrued liabilities	$	40,159	$	37,096

Accrued stock-based compensation of $5.4 million at June 30, 2013 relates to cash payments due to certain equity award holders as a result of the equity award modification which is discussed further in Note 13, “Stock-Based Compensation”. Accrued restructuring charges are discussed further in Note 9, “Restructuring Charges”. At June 30, 2013 and December 31, 2013, “Other” accrued liabilities include accruals for sales and business taxes and other miscellaneous items.

Other long-term liabilities

The following is a summary of other long-term liabilities (in thousands):

	June 30		December 31
	2013		2012
Deferred rent	$	9,713	$	10,502
Long-term deferred tax liability	1,709		2,141
Other	488		496
Total other long-term liabilities	$	11,910	$	13,139