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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues        
License $ 43,256 $ 50,237 $ 114,189 $ 156,975
Maintenance 57,741 59,262 175,404 178,895
Services 19,809 25,842 63,208 72,449
Hosting 96,169 103,360 310,170 329,021
Total revenues 216,975 238,701 662,971 737,340
Operating expenses        
Cost of license [1] 5,253 5,387 15,302 17,435
Cost of maintenance, services and hosting [1] 95,014 104,272 318,783 337,769
Research and development 42,210 36,123 132,235 112,639
Selling and marketing 29,874 28,451 88,661 88,660
General and administrative 31,390 20,284 91,978 66,867
Gain on sale of CFS assets 489   (151,463)  
Depreciation and amortization 22,098 20,298 66,688 59,995
Total operating expenses 226,328 214,815 562,184 683,365
Operating income (loss) (9,353) 23,886 100,787 53,975
Other income (expense)        
Interest expense (9,838) (9,728) (29,967) (31,174)
Interest income 145 94 416 254
Other 2,794 4,314 4,483 27,695
Total other income (expense) (6,899) (5,320) (25,068) (3,225)
Income (loss) before income taxes (16,252) 18,566 75,719 50,750
Income tax expense (benefit) (6,426) 3,786 12,875 9,081
Net income (loss) $ (9,826) $ 14,780 $ 62,844 $ 41,669
Earnings (loss) per common share        
Basic $ (0.08) $ 0.13 $ 0.53 $ 0.36
Diluted $ (0.08) $ 0.12 $ 0.53 $ 0.35
Weighted average common shares outstanding        
Basic 116,118 117,922 117,606 117,035
Diluted 116,118 119,304 118,971 118,498
[1] The cost of software license fees excludes charges for depreciation but includes amortization of purchased and developed software for resale. The cost of maintenance, services and hosting fees excludes charges for depreciation.