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Consolidated Statements Of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Mar. 29, 2014
Mar. 30, 2013
Mar. 29, 2014
Mar. 30, 2013
Revenue:        
License $ 85,218 $ 79,690 $ 164,411 $ 158,875
Service 77,164 73,084 152,755 149,844
Support 166,318 161,175 336,459 324,981
Total revenue 328,700 313,949 653,625 633,700
Cost of revenue:        
Cost of license revenue 7,972 8,291 15,517 16,303
Cost of service revenue 64,261 64,550 129,756 133,142
Cost of support revenue 21,564 20,429 41,480 40,897
Total cost of revenue 93,797 93,270 186,753 190,342
Gross margin 234,903 220,679 466,872 443,358
Operating expenses:        
Sales and marketing 85,934 88,059 170,172 181,608
Research and development 55,631 55,528 108,704 112,957
General and administrative 34,140 33,398 65,071 69,215
Amortization of acquired intangible assets 7,985 6,640 15,774 13,263
Restructuring charges 0 15,810 1,067 31,212
Total operating expenses 183,690 199,435 360,788 408,255
Operating income 51,213 [1] 21,244 [1] 106,084 [1] 35,103 [1]
Interest and other income (expense), net (2,692) (1,867) (4,446) (3,672)
Income before income taxes 48,521 19,377 101,638 31,431
Provision (benefit) for income taxes 4,765 2,340 18,225 (21,417)
Net income $ 43,756 $ 17,037 $ 83,413 $ 52,848
Earnings per share—Basic (in USD per share) $ 0.37 $ 0.14 $ 0.70 $ 0.44
Earnings per share—Diluted (in USD per share) $ 0.36 $ 0.14 $ 0.69 $ 0.44
Weighted average shares outstanding—Basic (in shares) 118,978 119,518 118,973 119,722
Weighted average shares outstanding—Diluted (in shares) 120,698 121,071 120,916 121,438
[1] We recorded restructuring charges of $1.1 million in the first six months of 2014. Software Products included $0.1 million; Services included $0.2 million; sales and marketing expenses included $0.5 million; and general and administrative expenses included $0.3 million of these restructuring charges. We recorded restructuring charges of $15.8 million and $31.2 million in the second quarter and first six months of 2013, respectively. Software Products included $6.1 million and $11.6 million, respectively; Services included $4.0 million and $6.3 million, respectively; sales and marketing expenses included $4.9 million and $11.7 million, respectively; and general and administrative expenses included $0.8 million and $1.6 million, respectively, of these restructuring charges.