0000000000-18-028350.txt : 20181113 0000000000-18-028350.hdr.sgml : 20181113 20180912124239 ACCESSION NUMBER: 0000000000-18-028350 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20180912 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: Medidata Solutions, Inc. CENTRAL INDEX KEY: 0001453814 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] IRS NUMBER: 522319066 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: UPLOAD BUSINESS ADDRESS: STREET 1: 350 HUDSON ST., 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10014 BUSINESS PHONE: 212.918.1800 MAIL ADDRESS: STREET 1: 350 HUDSON ST., 9TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10014 PUBLIC REFERENCE ACCESSION NUMBER: 0001453814-18-000052 LETTER 1 filename1.pdf begin 644 filename1.pdf M)5!$1BTQ+C4*)>+CS],*,2 P(&]B:@H\/"]4>7!E+UA/8FIE8W0O0V]L;W)3 M<&%C92]$979I8V5',Z%$;3 BU,"VEA6J % M6J %6J %6J %6J %6O ]*WOEK(,D*\X#9H:[]P]6<&19EAU+^GP>RR(B(B(B M(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B(B+_-A\?'^_O[V]O;Z^OKR\' MGI^?GP[$AY="%(AB43AV^=.M%A$1$1$1$9$?2,H4S\_/CX^/]_?WOP[<'=E- MR6+L]?OW[ZCAZ>GI]?5504-$1$1$1$1$+N;M[>WIZ>GAX6&_WS<"Q:]?O^[O M[^.KQW.(\K]__VZJBLJ1,EY>7M0Q1$1$1$1$1&3"Q\<'QA6_?__&K *98K_? 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Form 10-K for the Year Ended December 21, 2018 Filed February 28, 2018 Form 10-Q for the Quarter Ended March 31, 2018 Filed May 4, 2018 File No. 001-34387 Dear Mr. Bergmann: We have reviewed your September 6, 2018 response to our comment letter and have the following comment. In our comment, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this comment within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this comment, we may have additional comments. Unless we note otherwise, our references to prior comments are to comments in our August 22, 2018 letter. Form 10-Q for the Quarter Ended March 31, 2018 Note 1. Summary of Significant Accounting Policies Costs to Obtain and Fulfill a Contract, page 9 1. You state in your response to prior comment 1 that commissions paid upon the renewal of customer contracts are not commensurate with the commissions that were paid upon execution of the contracts. You also reference amortizing each capitalized renewal amount over the respective renewal period as the company's preferred approach; however, Rouven Bergmann Medidata Solutions, Inc. September 12, 2018 Page 2 you appear to be amortizing renewal costs over a period that exceeds the respective renewal period. Please explain further your basis for amortizing commissions paid on renewals over a period equal to twice the term of renewal and cite the specific guidance you relied upon. Also, tell us the amount of commission expense related to renewals for each period presented. You may contact David Edgar, Staff Accountant, at (202) 551-3459 or Kathleen Collins, Accounting Branch Chief, at (202) 551-3499 if you have questions regarding comments on the financial statements and related matters. Sincerely, FirstName LastNameRouven Bergmann Division of Corporation Finance Office of Information Technologies Comapany NameMedidata Solutions, Inc. and Services September 12, 2018 Page 2 cc: Randy Rasmussen FirstName LastName