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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Software-enabled services $ 244,672 $ 150,123 $ 450,319 $ 303,690
Maintenance and term licenses 103,392 38,978 198,512 78,952
Total recurring revenues 348,064 189,101 648,831 382,642
Perpetual licenses 5,039 12,948 10,254 16,018
Professional services 19,974 10,719 38,123 19,843
Total non-recurring revenues 25,013 23,667 48,377 35,861
Total revenues 373,077 212,768 697,208 418,503
Cost of revenues:        
Software-enabled services 146,243 88,548 259,971 177,150
Maintenance and term licenses 46,460 12,338 93,406 26,505
Total recurring cost of revenues 192,703 100,886 353,377 203,655
Perpetual licenses 643 1,021 1,141 2,045
Professional services 17,133 7,596 32,645 16,110
Total non-recurring cost of revenues 17,776 8,617 33,786 18,155
Total cost of revenues 210,479 109,503 387,163 221,810
Gross profit 162,598 103,265 310,045 196,693
Operating expenses:        
Selling and marketing 28,535 13,931 58,396 27,318
Research and development 40,827 17,520 77,274 37,128
General and administrative 27,199 13,463 57,894 30,763
Total operating expenses 96,561 44,914 193,564 95,209
Operating income 66,037 58,351 116,481 101,484
Interest expense, net (32,846) (5,419) (65,935) (11,019)
Other income (expense), net 12 (164) (1,835) (1,671)
Income before income taxes 33,203 52,768 48,711 88,794
Provision for income taxes 4,982 13,640 13,485 23,420
Net income $ 28,221 $ 39,128 $ 35,226 $ 65,374
Basic earnings per share $ 0.14 $ 0.23 $ 0.18 $ 0.39
Basic weighted average number of common shares outstanding 198,765 170,810 198,143 169,674
Diluted earnings per share $ 0.14 $ 0.22 $ 0.17 $ 0.37
Diluted weighted average number of common and common equivalent shares outstanding 204,916 179,104 204,596 177,974
Net income $ 28,221 $ 39,128 $ 35,226 $ 65,374
Other comprehensive (loss) income, net of tax:        
Foreign currency exchange translation adjustment (26,793) 22,808 (17,472) (13,411)
Total comprehensive (loss) income, net of tax (26,793) 22,808 (17,472) (13,411)
Comprehensive income $ 1,428 $ 61,936 $ 17,754 $ 51,963