Significant Accounting Policies Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]

The impact of adoption of ASC 606 to the Company’s condensed consolidated statements of income and balance sheets are as follows:



	Three Months Ended June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
	(in thousands, except per share amounts)
Total net revenues	$	742,365	$	741,920	$	445
Total cost of net revenues	108,749		107,807		942
Gross profit	633,616		634,113		(497		)
Total operating expenses	488,469		499,047		(10,578		)
Income from operations	145,147		135,066		10,081
Net income	$	106,833	$	99,295	$	7,538

Basic earnings per share	$	0.79	$	0.73	$	0.06
Diluted earnings per share	$	0.73	$	0.68	$	0.05



	Six Months Ended June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
	(in thousands, except per share amounts)
Total net revenues	$	1,439,557	$	1,449,244	$	(9,687	)
Total cost of net revenues	217,035		215,933		1,102
Gross profit	1,222,522		1,233,311		(10,789		)
Total operating expenses	911,812		925,731		(13,919		)
Income from operations	310,710		307,580		3,130
Net income	$	251,092	$	250,197	$	895

Basic earnings per share	$	1.82	$	1.82	$	—
Diluted earnings per share	$	1.72	$	1.72	$	—



	As of June 30, 2018
	As Reported		Balances without adoption of ASC 606		Effect of Change Higher/(Lower)
	(in thousands)
Prepaid and other current assets ⁽¹⁾	$	208,648	$	186,538	$	22,110
Other assets ⁽²⁾	104,015		42,323		61,692
Deferred tax assets, net	119,760		150,444		(30,684		)
Total assets	$	5,366,062	$	5,312,944	$	53,118

Other liabilities ⁽³⁾	143,677		130,617		13,060
Current portion of deferred revenues	1,243,032		1,290,041		(47,009		)
Long-term portion of deferred revenues	480,942		525,160		(44,218		)
Total liabilities	$	4,701,805	$	4,779,972	$	(78,167	)

Stockholders' Equity:
Retained earnings	$	3,893,354	$	3,762,069	$	131,285

(1) As reported primarily includes contract acquisition costs of $35.0 million. The balance without adoption of ASC 606 includes contract acquisition costs of $14.2 million.

(2) As reported primarily includes contract acquisition costs of $59.5 million.

(3) As reported includes deferred tax liabilities of $62.8 million. The balance without ASC 606 includes deferred tax liabilities

of $49.7 million.

Schedule of Reclassifications

Conforming changes have been made for all periods presented, as follows (in thousands):



Three Months Ended June 30, 2017
As Previously Reported			Amount Reclassified			As Reported Herein
Revenues:						Revenues:
Software as a service	$	41,513	$	33,083		Subscription	$	74,596
Product and licenses ⁽¹⁾	211,009		(20,633		)	Product and license	190,376
License updates and maintenance ⁽²⁾	409,028		19,227			Support and services ⁽³⁾	428,255
Professional services	31,677		(31,677		)
Total net revenues	$	693,227	$	—		Total net revenues	$	693,227



Six Months Ended June 30, 2017
As Previously Reported			Amount Reclassified			As Reported Herein
Revenues:						Revenues:
Software as a service	$	80,243	$	63,443		Subscription	$	143,686
Product and licenses ⁽¹⁾	402,606		(41,331		)	Product and license	361,275
License updates and maintenance ⁽²⁾	811,783		39,160			Support and services ⁽³⁾	850,943
Professional services	61,272		(61,272		)
Total net revenues	$	1,355,904	$	—		Total net revenues	$	1,355,904


(1)	Product and licenses as previously reported included revenue from CSPs and on-premise subscriptions that are now included in Subscription. Current period presentation only includes revenues from perpetual offerings and hardware.


(2)	License updates and maintenance as previously reported included revenue from CSPs and on-premise license updates and maintenance that are now included in Subscription.


(3)	Support and services includes revenues from license updates and maintenance from perpetual offerings as well as professional services.