2016 Q4 Form 10-Q Financial Statement

#000128005816000081 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $198.3M $183.1M $158.8M
YoY Change 12.75% 15.27% 9.83%
Cost Of Revenue $92.40M $83.32M $74.17M
YoY Change 8.45% 12.33% 8.84%
Gross Profit $105.9M $99.75M $84.64M
YoY Change 16.81% 17.85% 10.71%
Gross Profit Margin 53.4% 54.49% 53.29%
Selling, General & Admin $59.30M $63.01M $49.59M
YoY Change 3.85% 27.07% 16.35%
% of Gross Profit 55.99% 63.17% 58.58%
Research & Development $21.90M $22.51M $20.56M
YoY Change -3.1% 9.48% 4.33%
% of Gross Profit 20.68% 22.57% 24.29%
Depreciation & Amortization $17.40M $17.60M $14.00M
YoY Change 18.37% 25.71% 22.81%
% of Gross Profit 16.43% 17.64% 16.54%
Operating Expenses $81.90M $86.21M $70.67M
YoY Change 1.87% 21.98% 12.27%
Operating Profit $24.02M $13.54M $13.97M
YoY Change 133.9% -3.06% 3.45%
Interest Expense -$2.500M $2.641M $1.816M
YoY Change -7.41% 45.43% 42.77%
% of Operating Profit -10.41% 19.51% 13.0%
Other Income/Expense, Net -$100.0K -$239.0K $184.0K
YoY Change -95.65% -229.89% 534.48%
Pretax Income $21.37M $10.88M $12.34M
YoY Change 194.58% -11.83% 0.55%
Income Tax $4.100M $1.950M $4.433M
% Of Pretax Income 19.18% 17.92% 35.91%
Net Earnings $17.28M $8.934M $7.911M
YoY Change 169.6% 12.93% -23.79%
Net Earnings / Revenue 8.72% 4.88% 4.98%
Basic Earnings Per Share $0.37 $0.19 $0.17
Diluted Earnings Per Share $0.36 $0.19 $0.17
COMMON SHARES
Basic Shares Outstanding 47.58M shares 46.16M shares 45.62M shares
Diluted Shares Outstanding 47.39M shares 46.60M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.90M $16.50M $17.60M
YoY Change 9.74% -6.25% -67.41%
Cash & Equivalents $16.90M $16.46M $17.56M
Short-Term Investments
Other Short-Term Assets $398.0M $185.3M $112.4M
YoY Change 35.1% 64.86% 28.16%
Inventory
Prepaid Expenses
Receivables $88.26M $86.11M $78.15M
Other Receivables $4.100M $4.900M $1.100M
Total Short-Term Assets $507.9M $292.8M $209.3M
YoY Change 27.26% 39.88% -0.71%
LONG-TERM ASSETS
Property, Plant & Equipment $50.27M $52.47M $49.02M
YoY Change -4.52% 7.02% 2.1%
Goodwill $438.2M $438.5M $345.8M
YoY Change 0.41% 26.8% 26.16%
Intangibles $253.7M $264.4M $204.7M
YoY Change -13.91% 29.14% 38.88%
Long-Term Investments
YoY Change
Other Assets $52.10M $18.10M $35.30M
YoY Change 149.26% -48.72% 55.87%
Total Long-Term Assets $802.3M $806.0M $634.8M
YoY Change -2.66% 26.96% 28.99%
TOTAL ASSETS
Total Short-Term Assets $507.9M $292.8M $209.3M
Total Long-Term Assets $802.3M $806.0M $634.8M
Total Assets $1.310B $1.099B $844.2M
YoY Change 7.1% 30.16% 20.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $23.30M $19.60M $13.10M
YoY Change 21.35% 49.62% -1.5%
Accrued Expenses $36.80M $36.70M $28.30M
YoY Change -26.4% 29.68% -34.03%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.375M $4.375M $4.375M
YoY Change 0.0% 0.0% 0.07%
Total Short-Term Liabilities $680.1M $454.7M $353.7M
YoY Change 20.1% 28.54% 15.57%
LONG-TERM LIABILITIES
Long-Term Debt $338.0M $370.6M $237.3M
YoY Change -16.27% 56.2% 42.29%
Other Long-Term Liabilities $8.533M $7.467M $7.025M
YoY Change 11.94% 6.29% 14.41%
Total Long-Term Liabilities $346.6M $378.1M $244.3M
YoY Change -15.75% 54.76% 41.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $680.1M $454.7M $353.7M
Total Long-Term Liabilities $346.6M $378.1M $244.3M
Total Liabilities $1.063B $866.1M $640.2M
YoY Change 4.93% 35.28% 23.39%
SHAREHOLDERS EQUITY
Retained Earnings $174.4M $141.1M $134.1M
YoY Change 29.31% 5.26% 1.35%
Common Stock $310.5M $302.9M $265.1M
YoY Change 12.34% 14.27% 11.75%
Preferred Stock
YoY Change
Treasury Stock (at cost) $215.2M $210.4M $193.2M
YoY Change 7.69% 8.9% 4.81%
Treasury Stock Shares 10.17M shares 10.08M shares 9.796M shares
Shareholders Equity $269.1M $232.7M $204.0M
YoY Change
Total Liabilities & Shareholders Equity $1.310B $1.099B $844.2M
YoY Change 7.1% 30.16% 20.08%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $17.28M $8.934M $7.911M
YoY Change 169.6% 12.93% -23.79%
Depreciation, Depletion And Amortization $17.40M $17.60M $14.00M
YoY Change 18.37% 25.71% 22.81%
Cash From Operating Activities $53.50M $51.30M $41.90M
YoY Change 34.76% 22.43% 3.71%
INVESTING ACTIVITIES
Capital Expenditures -$9.600M -$9.800M -$11.40M
YoY Change 10.34% -14.04% 115.09%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$3.900M -$500.0K
YoY Change -100.0% 680.0% 0.0%
Cash From Investing Activities -$9.500M -$13.70M -$12.00M
YoY Change -91.73% 14.17% 103.39%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 52.70M -36.60M -25.40M
YoY Change -72.09% 44.09% 418.37%
NET CHANGE
Cash From Operating Activities 53.50M 51.30M 41.90M
Cash From Investing Activities -9.500M -13.70M -12.00M
Cash From Financing Activities 52.70M -36.60M -25.40M
Net Change In Cash 96.70M 1.000M 4.500M
YoY Change -14.88% -77.78% -84.8%
FREE CASH FLOW
Cash From Operating Activities $53.50M $51.30M $41.90M
Capital Expenditures -$9.600M -$9.800M -$11.40M
Free Cash Flow $63.10M $61.10M $53.30M
YoY Change 30.37% 14.63% 16.63%

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CY2015Q4 us-gaap Deferred Tax Liabilities Noncurrent
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27996000 USD
CY2016Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
26688000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
41340000 USD
us-gaap Depreciation And Amortization
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53109000 USD
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
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600000 USD
CY2015 us-gaap Dividends Cash
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22508000 USD
us-gaap Dividends Cash
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17108000 USD
CY2015Q3 us-gaap Earnings Per Share Basic
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0.17
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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46000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2016Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.20
CY2016Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.19
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.53
CY2015Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.17
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.41
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
CY2016Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
CY2016Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.19
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-1222000 USD
CY2015Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.359
us-gaap Effective Income Tax Rate Continuing Operations
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0.352
CY2016Q3 us-gaap Effective Income Tax Rate Continuing Operations
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0.179
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.180
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
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10581000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
27979000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
36544000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
40004000 USD
CY2016Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
41716000 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-1976000 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
0 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
18446000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
53244000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
22319000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
62089000 USD
CY2015Q4 us-gaap Goodwill
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436449000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
438450000 USD
us-gaap Goodwill Acquired During Period
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2342000 USD
us-gaap Goodwill Foreign Currency Translation Gain Loss
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-159000 USD
us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-182000 USD
CY2015Q3 us-gaap Gross Profit
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84638000 USD
us-gaap Gross Profit
GrossProfit
242648000 USD
CY2016Q3 us-gaap Gross Profit
GrossProfit
99746000 USD
us-gaap Gross Profit
GrossProfit
285692000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
12344000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29697000 USD
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
10884000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29554000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4433000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
10459000 USD
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1595000 USD
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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827167 shares
CY2016Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1234150 shares
CY2016Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1778000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1950000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5323000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
3284000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
267000 USD
us-gaap Increase Decrease In Accounts Receivable
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6378000 USD
us-gaap Increase Decrease In Accounts Receivable
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9288000 USD
us-gaap Increase Decrease In Deferred Revenue
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15973000 USD
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
17593000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
324000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
934000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
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-76091000 USD
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
-119291000 USD
CY2015Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
979882 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1190163 shares
CY2015Q4 us-gaap Intangible Assets Net Excluding Goodwill
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294672000 USD
CY2016Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
264405000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
1816000 USD
us-gaap Interest Expense
InterestExpense
5375000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
2641000 USD
us-gaap Interest Expense
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8037000 USD
CY2015Q3 us-gaap Investment Income Interest
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8000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
23000 USD
CY2016Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
224000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
463000 USD
CY2015Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
2500000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7400000 USD
CY2016Q3 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
3100000 USD
us-gaap Lease And Rental Expense
LeaseAndRentalExpense
8600000 USD
CY2015Q4 us-gaap Lease Incentive Payable Current And Noncurrent
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4734000 USD
CY2016Q3 us-gaap Lease Incentive Payable Current And Noncurrent
LeaseIncentivePayableCurrentAndNoncurrent
4616000 USD
CY2015Q4 us-gaap Liabilities
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1012748000 USD
CY2016Q3 us-gaap Liabilities
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866066000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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1223336000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
1098786000 USD
CY2015Q4 us-gaap Liabilities Current
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566298000 USD
CY2016Q3 us-gaap Liabilities Current
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454675000 USD
CY2014Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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325000000 USD
us-gaap Line Of Credit Facility Unused Capacity Commitment Fee Percentage
LineOfCreditFacilityUnusedCapacityCommitmentFeePercentage
0.00225
CY2016Q3 us-gaap Long Term Debt
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376663000 USD
CY2015Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
4375000 USD
CY2016Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
4375000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
0 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
0 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
366819000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
4375000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
4375000 USD
CY2016Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1094000 USD
CY2015Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
403712000 USD
CY2016Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
370642000 USD
CY2015Q3 us-gaap Maintenance Costs
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6708000 USD
us-gaap Maintenance Costs
MaintenanceCosts
21179000 USD
CY2016Q3 us-gaap Maintenance Costs
MaintenanceCosts
5531000 USD
us-gaap Maintenance Costs
MaintenanceCosts
16547000 USD
CY2015Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
38209000 USD
us-gaap Maintenance Revenue
MaintenanceRevenue
115732000 USD
CY2016Q3 us-gaap Maintenance Revenue
MaintenanceRevenue
36410000 USD
us-gaap Maintenance Revenue
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111019000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-58998000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2893000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-24618000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-26469000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-37914000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
89509000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
6757000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
48753000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
100144000 USD
CY2015Q3 us-gaap Net Income Loss
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7911000 USD
us-gaap Net Income Loss
NetIncomeLoss
19238000 USD
CY2015 us-gaap Net Income Loss
NetIncomeLoss
25649000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
6237000 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
9060000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
8934000 USD
us-gaap Net Income Loss
NetIncomeLoss
24231000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
70670000 USD
us-gaap Operating Expenses
OperatingExpenses
206207000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
86206000 USD
us-gaap Operating Expenses
OperatingExpenses
247916000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13968000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
36441000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
13540000 USD
us-gaap Operating Income Loss
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37776000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due
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172972000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
15309000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
15954000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
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15663000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
12531000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
110088000 USD
CY2016Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
3427000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2015Q4 us-gaap Other Assets
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6758000 USD
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
-378000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
168000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
6699000 USD
CY2015Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
20901000 USD
CY2016Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
18102000 USD
CY2015Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
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us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
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CY2016Q3 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
409000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
289000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
261000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
207000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-117000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-94000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-988000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
698000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-117000 USD
CY2015Q3 us-gaap Other Cost Of Operating Revenue
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1745000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
4052000 USD
CY2016Q3 us-gaap Other Cost Of Operating Revenue
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1741000 USD
us-gaap Other Cost Of Operating Revenue
OtherCostOfOperatingRevenue
3363000 USD
CY2015Q4 us-gaap Other Liabilities
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7911000 USD
CY2016Q3 us-gaap Other Liabilities
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6808000 USD
CY2015Q4 us-gaap Other Liabilities Noncurrent
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7623000 USD
CY2016Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
7467000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
159000 USD
us-gaap Other Noncash Income Expense
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634000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
184000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
584000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2015Q3 us-gaap Other Sales Revenue Net
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3796000 USD
us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
12030000 USD
CY2016Q3 us-gaap Other Sales Revenue Net
OtherSalesRevenueNet
4603000 USD
us-gaap Other Sales Revenue Net
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10718000 USD
CY2014Q1 us-gaap Payments Of Debt Issuance Costs
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1100000 USD
us-gaap Payments Of Dividends
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16883000 USD
us-gaap Payments Of Dividends
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17108000 USD
CY2014Q1 us-gaap Payments Of Financing Costs
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2500000 USD
us-gaap Payments Of Financing Costs
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429000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
2728000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10497000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
520000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
3377000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
14560000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15459000 USD
us-gaap Payments To Develop Software
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10868000 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
19078000 USD
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
20000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
69567000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
70247000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
48666000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Current
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52145000 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets Noncurrent
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20901000 USD
CY2016Q3 us-gaap Prepaid Expense And Other Assets Noncurrent
PrepaidExpenseAndOtherAssetsNoncurrent
18102000 USD
CY2015Q4 us-gaap Prepaid Royalties
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1767000 USD
CY2016Q3 us-gaap Prepaid Royalties
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1431000 USD
us-gaap Proceeds From Divestiture Of Businesses
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us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
83600000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
179000000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
23000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10000 USD
CY2015Q4 us-gaap Property Plant And Equipment Net
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52651000 USD
CY2016Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
52466000 USD
us-gaap Provision For Doubtful Accounts
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4573000 USD
us-gaap Provision For Doubtful Accounts
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3139000 USD
us-gaap Repayments Of Debt
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122581000 USD
us-gaap Repayments Of Debt
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212581000 USD
CY2015Q3 us-gaap Research And Development Expense
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20561000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
62003000 USD
CY2016Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
22510000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
67973000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
255038000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
138106000 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
134877000 USD
CY2016Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
134500000 USD
CY2016Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
137893000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
141124000 USD
CY2015Q3 us-gaap Revenues
Revenues
158811000 USD
us-gaap Revenues
Revenues
462063000 USD
CY2016Q3 us-gaap Revenues
Revenues
183063000 USD
us-gaap Revenues
Revenues
532510000 USD
CY2015Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
31139000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
89424000 USD
CY2016Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
40690000 USD
us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
115707000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
17899000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
25005000 USD
CY2015 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000 USD
us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
1000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
185916000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
210588000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
232720000 USD
CY2015Q3 us-gaap Subscription Revenue
SubscriptionRevenue
80901000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
233423000 USD
CY2016Q3 us-gaap Subscription Revenue
SubscriptionRevenue
105440000 USD
us-gaap Subscription Revenue
SubscriptionRevenue
306330000 USD
CY2015Q4 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
3923000 USD
CY2016Q3 us-gaap Taxes Payable Current And Noncurrent
TaxesPayableCurrentAndNoncurrent
3131000 USD
CY2015Q3 us-gaap Technology Services Revenue
TechnologyServicesRevenue
35905000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
100878000 USD
CY2016Q3 us-gaap Technology Services Revenue
TechnologyServicesRevenue
36610000 USD
us-gaap Technology Services Revenue
TechnologyServicesRevenue
104443000 USD
CY2015Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
9903071 shares
CY2016Q3 us-gaap Treasury Stock Shares
TreasuryStockShares
10084745 shares
CY2015Q4 us-gaap Treasury Stock Value
TreasuryStockValue
199861000 USD
CY2016Q3 us-gaap Treasury Stock Value
TreasuryStockValue
210357000 USD
CY2015Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2300000 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2200000 USD
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46596714 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
46403196 shares
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47064164 shares
CY2016Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47263844 shares
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47394106 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47268469 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45616832 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45576029 shares
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46159956 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46078306 shares
us-gaap Description Of New Accounting Pronouncements Not Yet Adopted
DescriptionOfNewAccountingPronouncementsNotYetAdopted
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;font-weight:bold;">Recently issued accounting pronouncements</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;">In February 2016, the FASB issued ASU 2016-02, </font><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;font-style:italic;">Leases (Topic 842) (ASU 2016-02)</font><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;">. ASU 2016-02 will require lessees to record most leases on their balance sheets but recognize expenses in the income statement in a manner similar to current guidance. The updated guidance also eliminates certain real estate-specific provisions and changes the guidance on sale-leaseback transactions, initial direct costs and lease executory costs for all entities. For lessors, the standard modifies the classification criteria and the accounting for sales-type and direct financing leases. All entities will classify leases to determine how to recognize lease-related revenue and expense. Classification will continue to affect amounts that lessors record on the balance sheet. ASU 2016-02 is effective for annual periods beginning after December 15, 2018, and interim periods within those years. Early adoption is permitted. Upon adoption, entities will be required to use a modified retrospective approach for leases that exist or are entered into after the beginning of the earliest comparative period in the financial statements. The modified retrospective approach includes a number of optional practical expedients that entities may elect to apply. We expect ASU 2016-02 will impact our consolidated financial statements and are currently evaluating the extent of the impact that implementation of this standard will have on adoption. </font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;">In May 2014, the FASB issued ASU 2014-09, </font><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;font-style:italic;">Revenue from Contracts with Customers (Topic 606) (ASU 2014-09)</font><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;">. ASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and will replace most existing revenue recognition guidance in GAAP when it becomes effective. ASU 2014-09 was originally effective for fiscal years and interim periods within those years beginning after December 15, 2016. An entity should apply ASU 2014-09 either retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of initially applying the ASU recognized as an adjustment to the opening balance of retained earnings at the date of initial application. In July 2015, the FASB decided to delay the effective date of the new standard for one year. The new standard now requires application no later than annual reporting periods beginning after December 15, 2017, including interim reporting periods therein; however, public entities are permitted to elect to early adopt the new standard as of the original effective date. In March 2016, the FASB finalized amendments to the guidance in the new standard to clarify whether an entity is a principal or an agent in a revenue transaction. In April 2016, the FASB finalized additional amendments to the guidance in the new standard to clarify the accounting for licenses of intellectual property and identifying performance obligations. We expect the adoption of ASU 2014-09 will impact our consolidated financial statements. We are currently evaluating implementation methods and the extent of the impact that implementation of this standard and the recently issued clarifying amendments will have upon adoption.</font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;text-align:justify;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;font-weight:bold;">Use of estimates</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:Frutiger LT 45 Light,sans-serif;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. On an ongoing basis, we reconsider and evaluate our estimates and assumptions, including those that impact revenue recognition, long-lived and intangible assets including goodwill, stock-based compensation, the provision for income taxes, deferred taxes, capitalization of software development costs and related amortization, our allowances for sales returns and doubtful accounts, deferred sales commissions and professional services costs, valuation of derivative instruments, accounting for business combinations and loss contingencies. Changes in the facts or circumstances underlying these estimates could result in material changes and actual results could materially differ from these estimates.</font></div></div>

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0001280058-16-000081.txt Edgar Link pending
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