Note 2—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
	2014		2013		2014		2013

Term license revenues	$	49,265	$	45,030	$	96,304	$	86,282
Perpetual maintenance revenues	16,571		16,334		32,712		32,770
Assets under administration revenues	2,387		2,172		3,996		4,905
Other recurring revenues	24,311		24,727		48,652		48,789

Total recurring revenues	$	92,534	$	88,263	$	181,664	$	172,746

Professional services and other revenues	$	7,293	$	7,341	$	14,536	$	14,393
Perpetual license fees	543		519		974		1,474
Total non-recurring revenues	$	7,836	$	7,860	$	15,510	$	15,867

Prepaid expenses and other

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

	June 30		December 31
	2014		2013

Prepaid contract expense	$	8,355	$	10,139
Deferred commissions	6,171		6,552
Debt issuance costs	1,417		1,417
Prepaid income tax	172		2,659
Other	10,392		9,347
Total prepaid expenses and other	$	26,507	$	30,114

Other assets

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

	June 30		December 31
	2014		2013

Prepaid contract expense, long-term	$	4,200	$	4,466
Long-term deferred commissions	3,305		4,098
Debt issuance costs	4,191		4,899
Deposits	2,919		2,608
Other	148		1,301
Total other assets	$	14,763	$	17,372

Deposits include a restricted cash balance of $1.5 million at June 30, 2014 and $1.3 million at December 31, 2013 primarily related to the Company’s San Francisco headquarters and facilities in New York. Refer to Note 13, “Commitments and Contingencies” for additional information.

Dividend Payable

In April 2014, Advent’s Board of Directors declared the Company’s first quarterly cash dividend of $0.13 per common share payable to shareholders of record as of June 30, 2014. On July 15, 2014, the Company paid this dividend which totaled $6.7 million. Any future dividends are subject to the approval of the Board of Directors.

Accrued liabilities

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

	June 30		December 31
	2014		2013

Salaries and benefits payable	$	19,826	$	26,425
Accrued dividend equivalents on restricted stock units	2,766		3,171
Deferred rent, current portion	2,208		2,138
Accrued restructuring, current portion	1,015		998
Other	11,856		8,893
Total accrued liabilities	$	37,671	$	41,625

Accrued restructuring charges are discussed further in Note 14, “Restructuring Charges” contained herein. As part of the recapitalization in 2013, as disclosed in Advent’s 2013 Annual Report on Form 10-K, holders of restricted stock units (RSUs) have the right to receive $9.00 per RSU upon vesting. At June 30, 2014 and December 31, 2013, “Other” accrued liabilities included accruals for sales and business taxes and other miscellaneous items.

Deferred revenues

The following table sets forth the composition of total short-term and long-term deferred revenues (in thousands):

	June 30		December 31
	2014		2013

Term license deferred revenue	$	99,738	$	99,473
Term implementations deferred revenue	37,045		40,221
Perpetual license/maintenance deferred revenue	25,578		32,657
Other recurring deferred revenue	20,781		21,565
Total deferred revenues	$	183,142	$	193,916

Other long-term liabilities

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

	June 30		December 31
	2014		2013

Deferred rent	$	7,678	$	8,677
Long-term deferred tax liability	1,732		1,982
Other	528		512
Total other long-term liabilities	$	9,938	$	11,171