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Condensed Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES:        
Software licenses $ 26,915 $ 32,152 $ 58,395 $ 56,589
Subscriptions and other recurring revenues 3,850 5,806 8,844 10,093
Maintenance services 66,100 60,594 130,868 117,654
Product revenues 96,865 98,552 198,107 184,336
Consulting services 59,033 55,255 116,677 98,257
Reimbursed expenses 6,512 4,566 11,232 7,411
Service revenues 65,545 59,821 127,909 105,668
Total revenues 162,410 158,373 326,016 290,004
COST OF REVENUES:        
Cost of software licenses 1,181 909 2,130 1,917
Amortization of acquired software technology 1,833 1,803 3,667 3,379
Cost of maintenance services 14,672 14,227 28,658 26,260
Cost of product revenues 17,686 16,939 34,455 31,556
Total cost of revenues 71,773 62,247 139,864 114,978
Cost of service revenues 54,087 45,308 105,409 83,422
Cost of consulting services 47,575 40,742 94,178 76,011
Reimbursed expenses 6,512 4,566 11,231 7,411
GROSS PROFIT 90,637 96,126 186,152 175,026
OPERATING EXPENSES:        
Product development 19,807 19,481 39,943 36,758
Sales and marketing 25,364 24,460 51,604 45,572
General and administrative 16,314 19,801 38,402 37,498
Amortization of intangibles 9,592 9,915 19,310 18,481
Restructuring charges 439 4,548 981 12,306
Acquisition-related costs 0 865 0 7,608
Litigation settlement 0 0 (37,500) 0
Total operating expenses 71,516 79,070 112,740 158,223
OPERATING INCOME (LOSS) 19,121 17,056 73,412 16,803
Interest expense and amortization of loan fees 6,439 6,182 12,650 12,268
Interest income and other, net (881) 642 (2,151) (481)
INCOME (LOSS) BEFORE INCOME TAXES 13,563 10,232 62,913 5,016
Income tax provision (benefit) 3,444 2,366 7,266 1,418
NET INCOME (LOSS) $ 10,119 $ 7,866 $ 55,647 $ 3,598
Basic net income (loss) per common share $ 0.24 $ 0.19 $ 1.32 $ 0.09
Diluted net income (loss) per common share $ 0.24 $ 0.19 $ 1.30 $ 0.09
Shares used in computing basic net income (loss) per common share 42,354 41,672 42,244 40,514
Shares used in computing diluted net income (loss) per common share 42,740 42,265 42,674 41,151