2013 Form 10-K Financial Statement

#000119312514038899 Filed on February 06, 2014

View on sec.gov

Income Statement

Concept 2013 2012 Q4 2012 Q3
Revenue $110.8M $95.36M $95.84M
YoY Change 6.13% 14.15% 11.96%
Cost Of Revenue $181.2M $34.04M $41.13M
YoY Change 12.0% 25.91% 14.42%
Gross Profit -$70.35M $61.32M $54.71M
YoY Change 22.7% 8.52% 10.18%
Gross Profit Margin -63.49% 64.3% 57.09%
Selling, General & Admin $81.71M $20.47M $20.26M
YoY Change -2.84% -0.72% 0.25%
% of Gross Profit 33.39% 37.02%
Research & Development $44.55M $10.95M $11.40M
YoY Change -0.35% 4.93% 4.81%
% of Gross Profit 17.86% 20.84%
Depreciation & Amortization $5.825M $1.497M $1.379M
YoY Change 3.32% 9.91% -18.79%
% of Gross Profit 2.44% 2.52%
Operating Expenses $126.3M $31.42M $31.66M
YoY Change -1.98% 1.18% 1.84%
Operating Profit $101.3M $19.11M $21.68M
YoY Change 26.49% 17.97% 11.77%
Interest Expense $1.200M $500.0K -$300.0K
YoY Change 20.0% -16.67% -133.33%
% of Operating Profit 1.18% 2.62% -1.38%
Other Income/Expense, Net $655.0K $534.0K -$247.0K
YoY Change -775.26% -17.85% -128.65%
Pretax Income $103.1M $19.65M $21.43M
YoY Change 27.24% 16.58% 5.8%
Income Tax $35.81M $7.178M $7.621M
% Of Pretax Income 34.73% 36.53% 35.56%
Net Earnings $67.30M $12.47M $13.81M
YoY Change 29.78% 18.48% -7.18%
Net Earnings / Revenue 60.74% 13.08% 14.41%
Basic Earnings Per Share $0.88 $0.16 $0.18
Diluted Earnings Per Share $0.86 $0.16 $0.17
COMMON SHARES
Basic Shares Outstanding 76.66M 77.64M shares 78.27M shares
Diluted Shares Outstanding 77.93M 79.65M shares 80.52M shares

Balance Sheet

Concept 2013 2012 Q4 2012 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $133.0M $103.0M $106.8M
YoY Change 29.13% 4.78% 5.95%
Cash & Equivalents $124.4M $96.74M $99.09M
Short-Term Investments $8.600M $6.300M $7.700M
Other Short-Term Assets $14.60M $1.185M $15.30M
YoY Change -10.98% -19.61% -4.38%
Inventory
Prepaid Expenses $7.386M
Receivables $71.10M $62.10M $73.24M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $218.7M $181.5M $195.3M
YoY Change 20.5% 4.01% 12.59%
LONG-TERM ASSETS
Property, Plant & Equipment $14.30M $15.65M $13.68M
YoY Change -8.92% 17.48% 1.34%
Goodwill $62.27M $62.26M
YoY Change 0.01%
Intangibles
YoY Change
Long-Term Investments $0.00
YoY Change -100.0%
Other Assets $2.500M $2.400M $4.500M
YoY Change 4.17% -72.09% -64.29%
Total Long-Term Assets $79.10M $80.31M $80.48M
YoY Change -1.49% -5.62% -9.77%
TOTAL ASSETS
Total Short-Term Assets $218.7M $181.5M $195.3M
Total Long-Term Assets $79.10M $80.31M $80.48M
Total Assets $297.8M $261.8M $275.8M
YoY Change 13.75% 0.85% 5.0%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $11.60M $10.23M $8.069M
YoY Change 13.73% 26.44% -2.78%
Accrued Expenses $31.70M $29.00M $29.60M
YoY Change 9.31% -3.97% -1.99%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $104.2M $91.14M $97.30M
YoY Change 14.38% 3.42% 5.19%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $8.900M $2.737M $9.000M
YoY Change 4.71% -1.72% 0.0%
Total Long-Term Liabilities $8.900M $2.737M $9.000M
YoY Change 4.71% -1.72% 0.0%
TOTAL LIABILITIES
Total Short-Term Liabilities $104.2M $91.14M $97.30M
Total Long-Term Liabilities $8.900M $2.737M $9.000M
Total Liabilities $116.2M $93.88M $106.3M
YoY Change 15.85% 3.27% 4.83%
SHAREHOLDERS EQUITY
Retained Earnings $165.4M $173.2M
YoY Change -0.94%
Common Stock $785.0K $199.0K
YoY Change 284.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $181.6M $161.5M $169.6M
YoY Change
Total Liabilities & Shareholders Equity $297.8M $261.8M $275.8M
YoY Change 13.75% 0.85% 5.0%

Cashflow Statement

Concept 2013 2012 Q4 2012 Q3
OPERATING ACTIVITIES
Net Income $67.30M $12.47M $13.81M
YoY Change 29.78% 18.48% -7.18%
Depreciation, Depletion And Amortization $5.825M $1.497M $1.379M
YoY Change 3.32% 9.91% -18.79%
Cash From Operating Activities $89.39M $23.90M $17.40M
YoY Change 18.75% 61.49% 2.96%
INVESTING ACTIVITIES
Capital Expenditures $4.740M -$3.600M -$1.000M
YoY Change -39.79% 157.14% -41.18%
Acquisitions
YoY Change
Other Investing Activities -$3.100M $1.100M -$1.400M
YoY Change -444.44% -216.67%
Cash From Investing Activities -$7.805M -$2.400M -$2.600M
YoY Change 11.36% 71.43% 420.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $64.20M
YoY Change -37.76%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -51.81M -23.30M -12.00M
YoY Change -18.47% 66.43% -51.22%
NET CHANGE
Cash From Operating Activities 89.39M 23.90M 17.40M
Cash From Investing Activities -7.805M -2.400M -2.600M
Cash From Financing Activities -51.81M -23.30M -12.00M
Net Change In Cash 29.77M -1.800M 2.800M
YoY Change 530.81% 200.0% -134.15%
FREE CASH FLOW
Cash From Operating Activities $89.39M $23.90M $17.40M
Capital Expenditures $4.740M -$3.600M -$1.000M
Free Cash Flow $84.65M $27.50M $18.40M
YoY Change 25.59% 69.75% -1.08%

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2106000
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181000
us-gaap Availableforsale Securities Sold At Par
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3000000
CY2013Q4 us-gaap Stockholders Equity Note Stock Split Conversion Ratio1
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4 pure
CY2012Q3 manh Leasehold Improvements Funded By Landlord
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200000
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0.55
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0.52
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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85968000 shares
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0.350 pure
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CY2011 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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4148000 shares
CY2011 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.25 pure
CY2011 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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pure
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CY2011 us-gaap Effective Income Tax Rate Continuing Operations
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Change In Deferred Tax Assets Valuation Allowance
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CY2011 us-gaap Net Cash Provided By Used In Operating Activities
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55824000
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0.021 pure
CY2011 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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8000 shares
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
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-0.002 pure
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Contingencies
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-0.003 pure
CY2011 us-gaap Reimbursement Revenue
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10400000
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5074000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
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-33000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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55487000
CY2011 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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7481000
CY2011 us-gaap Licenses Revenue
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54241000
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
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52721000
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2474000
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244058000
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189000
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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63227000
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8994000
CY2011 us-gaap Maintenance Revenue
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87264000
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800000
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217000
CY2011 us-gaap Revenues
Revenues
90700000
CY2011 us-gaap Interest Income Expense Net
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1072000
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1332000
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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526000
CY2011 us-gaap Comprehensive Income Net Of Tax
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40850000
CY2011 us-gaap Operating Income Loss
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61363000
CY2011 us-gaap Income Tax Holiday Aggregate Dollar Amount
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2000000
CY2011 us-gaap Payments For Repurchase Of Common Stock
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133144000
CY2011 us-gaap Net Income Loss
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44907000
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10372000
CY2011 us-gaap Deferred Income Tax Expense Benefit
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2407000
CY2011 us-gaap Proceeds From Sale Of Longterm Investments
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3323000
CY2011 us-gaap Costs And Expenses
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267890000
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40000
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8400000
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-77949000
CY2011 us-gaap Deferred Tax Expense From Stock Options Exercised
DeferredTaxExpenseFromStockOptionsExercised
9200000
CY2011 us-gaap Cost Of Services
CostOfServices
107510000
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
10372000
CY2011 us-gaap Provision For Doubtful Accounts
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2500000
CY2011 us-gaap Stock Repurchased During Period Value
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133144000
CY2011 us-gaap Depreciation And Amortization
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6100000
CY2011 us-gaap Cash And Cash Equivalents Period Increase Decrease
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-28564000
CY2011 us-gaap Selling And Marketing Expense
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43944000
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1043000
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405000
CY2011 us-gaap Current Federal Tax Expense Benefit
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12438000
CY2011 us-gaap Advertising Expense
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240000
CY2011 us-gaap Defined Benefit Plan Contributions By Employer
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900000
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OperatingExpenses
124024000
CY2011 us-gaap License Costs
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6806000
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18320000
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-1830000
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4905000
CY2011 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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25800000
CY2011 us-gaap Increase Decrease In Accrued Income Taxes Payable
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-2514000
CY2011 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Tax
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-20000
CY2011 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4036000
CY2011 us-gaap Cost Of Revenue
CostOfRevenue
139101000
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ProceedsFromStockOptionsExercised
52721000
CY2011 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
240000
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
7284000
CY2011 us-gaap Proceeds From Maturities Prepayments And Calls Of Shortterm Investments
ProceedsFromMaturitiesPrepaymentsAndCallsOfShorttermInvestments
4438000
CY2011 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
2409000
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2474000
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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228000
CY2011 us-gaap Current Income Tax Expense Benefit
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15913000
CY2011 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2432000
CY2011 us-gaap Deferred Foreign Income Tax Expense Benefit
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-1869000
CY2011 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
5700000
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
100000
CY2011 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-4609000
CY2011 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
42372000
CY2011 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-3537000
CY2011 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2000000
CY2011 manh Cost Of Hardware And Other
CostOfHardwareAndOther
24785000
CY2011 manh Stock Repurchased Under Publicly Announced Share Repurchase Program During Period Value
StockRepurchasedUnderPubliclyAnnouncedShareRepurchaseProgramDuringPeriodValue
130700000
CY2011 manh Amount Of Dilutive Securities Stock Options And Restrictive Stock Units Per Share
AmountOfDilutiveSecuritiesStockOptionsAndRestrictiveStockUnitsPerShare
-0.03
CY2011 manh Hardware Revenue And Other
HardwareRevenueAndOther
30954000
CY2011 manh Recovery Of Previously Impaired Investment
RecoveryOfPreviouslyImpairedInvestment
2519000
CY2011 manh Stock Repurchased Under Publicly Announced Share Repurchase Program During Period Shares
StockRepurchasedUnderPubliclyAnnouncedShareRepurchaseProgramDuringPeriodShares
14429068 shares
CY2011 manh Percentage Of Total Revenue Accounted For By Top Five Customers
PercentageOfTotalRevenueAccountedForByTopFiveCustomers
0.15 pure
CY2011 manh Tax Benefit Deficiency Of Stock Awards Exercised Vested
TaxBenefitDeficiencyOfStockAwardsExercisedVested
7481000
CY2013 dei Trading Symbol
TradingSymbol
MANH
CY2013 dei Entity Registrant Name
EntityRegistrantName
MANHATTAN ASSOCIATES INC
CY2013 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2013 dei Amendment Flag
AmendmentFlag
false
CY2013 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2013 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
CY2013 dei Document Type
DocumentType
10-K
CY2013 dei Document Period End Date
DocumentPeriodEndDate
2013-12-31
CY2013 dei Entity Central Index Key
EntityCentralIndexKey
0001056696
CY2013 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2013 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2013 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2013 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2013 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.88
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y8M12D
CY2013 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
0.60 pure
CY2013 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.86
CY2013 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77932000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350 pure
CY2013 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.005 pure
CY2013 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1268000 shares
CY2013 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.004 pure
CY2013 us-gaap Revenue Recognition Deferred Revenue
RevenueRecognitionDeferredRevenue
<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 4%; FONT-SIZE: 10pt"> <i>Deferred Revenue</i></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Deferred revenue represents amounts collected prior to having completed performance of professional services, customer support services and software enhancements, and significant remaining obligations under license agreements. The Company generally expects to complete such services or obligations within the next twelve months.</p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
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pure
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CY2013 us-gaap Effective Income Tax Rate Continuing Operations
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CY2013 us-gaap Net Cash Provided By Used In Operating Activities
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89387000
CY2013 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
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P1Y8M12D
CY2013 us-gaap Stock Issued During Period Shares Stock Options Exercised
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1014956 shares
CY2013 us-gaap Concentration Risk Credit Risk
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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 4%; FONT-SIZE: 10pt"> <i>Concentrations of Credit Risk</i></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> Financial instruments that potentially subject the Company to significant concentrations of credit risk consist principally of cash and cash equivalents, short- and long-term investments and accounts receivable. The Company maintains cash and cash equivalents and short- and long-term investments with various financial institutions. Amounts held are above the federally insured limit.</p> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company&#x2019;s sales are primarily to companies located in the United States, Europe and Asia. The Company performs periodic credit evaluations of its customers&#x2019; financial condition and does not require collateral. Accounts receivable are due principally from large U.S., European and Asia Pacific companies under stated contract terms. Accounts receivable, net as of December&#xA0;31, 2013 for the Americas, EMEA, and APAC companies were $57.0 million, $9.9 million, and $4.2&#xA0;million, respectively. Accounts receivable, net as of December&#xA0;31, 2012 for the Americas, EMEA, and APAC companies were $51.0 million, $8.2 million, and $2.8 million, respectively. The Company&#x2019;s top five customers in aggregate accounted for 11%, 12%, and 15% of total revenue recognized for each of the years ended December&#xA0;31, 2013, 2012, and 2011, respectively. No single customer accounted for more than 10% of revenue in the years ended December&#xA0;31, 2013, 2012, and 2011 or for more than 10% of accounts receivable as of December&#xA0;31, 2013 and 2012.</p> </div>
CY2013 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
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CY2013 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
5.25
CY2013 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013 us-gaap Use Of Estimates
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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 4%; FONT-SIZE: 10pt"> <i>Use of Estimates</i></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates include the allowance for doubtful accounts, which is based upon an evaluation of historical amounts written-off, the customers&#x2019; ability to pay, and general economic conditions; self-insurance accruals; impairment of goodwill; stock based compensation, which is based on the number of awards ultimately expected to vest; and the Company&#x2019;s effective income tax rate (including the impact of unrecognized tax benefits) and deferred tax assets, which are based upon the Company&#x2019;s expectations of future taxable income, allowable deductions, and projected tax credits. Actual results will differ from these estimates.</p> </div>
CY2013 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2013 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2013 us-gaap Number Of Reportable Segments
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3 Segment
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27624 shares
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CY2013 us-gaap Stock Issued During Period Shares Stock Splits
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CY2013 us-gaap Guarantees Indemnifications And Warranties Policies
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<div> <p style="MARGIN-TOP: 18pt; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; MARGIN-LEFT: 4%; FONT-SIZE: 10pt"> <i>Guarantees and Indemnities</i></p> <p style="MARGIN-TOP: 6pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> The Company accounts for guarantees in accordance with the guarantee accounting topic in the FASB Codification<i>.</i> Our customer contracts generally contain infringement indemnity provisions. Under those provisions, we generally agree, subject to certain exceptions, to indemnify, defend, and hold harmless the customer in connection with third party claims against the customer alleging that the customer&#x2019;s use of our software products in compliance with their license infringe the third party&#x2019;s patent, copyright, or other intellectual property rights. Conditions to our obligations generally include that we are provided the right to control the defense of the claims and, in general, to control settlement negotiations. Those provisions generally provide also that, if the customer is prevented from using our software because of a third party infringement claim, our sole obligation (in addition to the indemnification, defense, and hold harmless obligation referred to above) is to, at our expense, (i)&#xA0;procure for the customer the right to continue to use the software, (ii)&#xA0;to replace or modify the product so that its use by the customer does not infringe, or, if either of the foregoing are not reasonably feasible, to terminate the customer contract and provide a refund of the unamortized portion of the customer&#x2019;s license fee (based on a five year amortization period). Our customer contracts sometimes also require us to indemnify, defend, and hold harmless the customer in connection with death, personal injury, or property damage claims made by third parties with respect to actions of our personnel or contractors. The indemnity obligations contained in our customer contracts generally have no specified expiration date and no specified monetary limitation on liability. We have not previously incurred costs to settle claims or pay awards under these indemnification obligations. We account for these indemnity obligations in accordance with FASB guidance on accounting for contingencies, and record a liability for these obligations when a loss is probable and reasonably estimable. We have not recorded any liabilities for these contracts as of December&#xA0;31, 2013, or 2012.</p> <p style="MARGIN-TOP: 12pt; TEXT-INDENT: 4%; FONT-FAMILY: Times New Roman; MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt"> In general, in our customer contracts, the Company warrants to its customers that its software products will perform in all material respects in accordance with the standard published specifications in effect at the time of delivery of the licensed products to the customer for six months after first use of the licensed products, but no more than 24&#xA0;months after execution of the license agreement. Additionally, the Company warrants to its customers that services will be performed consistent with generally accepted industry standards or specific service levels through completion of the agreed upon services. If necessary, the Company will provide for the estimated cost of product and service warranties based on specific warranty claims and claim history. However, the Company has not incurred significant recurring expense under product or service warranties. As a result, the Company believes the estimated fair value of these agreements is nominal. Accordingly, the Company has no liabilities recorded for these agreements as of December&#xA0;31, 2013, and 2012.</p> </div>
CY2013 us-gaap Reimbursement Revenue
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15300000
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SalesRevenueNet
414518000
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4740000
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94336000
CY2013 us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
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6980000
CY2013 us-gaap Licenses Revenue
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62416000
CY2013 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
5754000
CY2013 us-gaap Technology Services Revenue
TechnologyServicesRevenue
210823000
CY2013 us-gaap Income Taxes Paid
IncomeTaxesPaid
21191000
CY2013 us-gaap Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
14751000
CY2013 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-31000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
8773000
CY2013 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
655000
CY2013 us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
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6637000
CY2013 us-gaap Sales Revenue Services Net
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315901000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
-205000
CY2013 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
103109000
CY2013 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-3079000
CY2013 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
9174000
CY2013 us-gaap Maintenance Revenue
MaintenanceRevenue
105078000
CY2013 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
700000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPositions
804000
CY2013 us-gaap Revenues
Revenues
110800000
CY2013 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
1167000
CY2013 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-697000
CY2013 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
1460000
CY2013 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
64217000
CY2013 us-gaap Operating Income Loss
OperatingIncomeLoss
101287000
CY2013 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
64199000
CY2013 us-gaap Net Income Loss
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CY2012Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80520000 shares
CY2012Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
78272000 shares
CY2012Q3 us-gaap Sales Revenue Net
SalesRevenueNet
95841000
CY2012Q3 us-gaap Licenses Revenue
LicensesRevenue
16164000
CY2012Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-247000
CY2012Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
71886000
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
21430000
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
21677000
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
13809000
CY2012Q3 us-gaap Costs And Expenses
CostsAndExpenses
74164000
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9258000
CY2012Q3 us-gaap Cost Of Services
CostOfServices
32614000
CY2012Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10999000
CY2012Q3 us-gaap License Costs
LicenseCosts
2086000
CY2012Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7621000
CY2012Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1379000
CY2012Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11400000
CY2012Q3 manh Cost Of Hardware And Other
CostOfHardwareAndOther
6428000
CY2012Q3 manh Hardware Revenue And Other
HardwareRevenueAndOther
7791000
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.26
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
CY2013Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77552000 shares
CY2013Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76452000 shares
CY2013Q3 us-gaap Sales Revenue Net
SalesRevenueNet
107802000
CY2013Q3 us-gaap Licenses Revenue
LicensesRevenue
14768000
CY2013Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
546000
CY2013Q3 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
85025000
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
31318000
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30772000
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
19688000
CY2013Q3 us-gaap Costs And Expenses
CostsAndExpenses
77030000
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9755000
CY2013Q3 us-gaap Cost Of Services
CostOfServices
35835000
CY2013Q3 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
9863000
CY2013Q3 us-gaap License Costs
LicenseCosts
2445000
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
11630000
CY2013Q3 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1414000
CY2013Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10906000
CY2013Q3 manh Cost Of Hardware And Other
CostOfHardwareAndOther
6812000
CY2013Q3 manh Hardware Revenue And Other
HardwareRevenueAndOther
8009000
CY2012Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2012Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
CY2012Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79652000 shares
CY2012Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
77636000 shares
CY2012Q4 us-gaap Sales Revenue Net
SalesRevenueNet
95359000
CY2012Q4 us-gaap Licenses Revenue
LicensesRevenue
14398000
CY2012Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
534000
CY2012Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
72294000
CY2012Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
19648000
CY2012Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
19114000
CY2012Q4 us-gaap Net Income Loss
NetIncomeLoss
12470000
CY2012Q4 us-gaap Costs And Expenses
CostsAndExpenses
76245000
CY2012Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9668000
CY2012Q4 us-gaap Cost Of Services
CostOfServices
34040000
CY2012Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
10805000
CY2012Q4 us-gaap License Costs
LicenseCosts
2487000
CY2012Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7178000
CY2012Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1497000
CY2012Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10951000
CY2012Q4 manh Cost Of Hardware And Other
CostOfHardwareAndOther
6797000
CY2012Q4 manh Hardware Revenue And Other
HardwareRevenueAndOther
8667000
CY2013Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2013Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
CY2013Q4 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
77256000 shares
CY2013Q4 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
76032000 shares
CY2013Q4 us-gaap Sales Revenue Net
SalesRevenueNet
107599000
CY2013Q4 us-gaap Licenses Revenue
LicensesRevenue
17267000
CY2013Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-118000
CY2013Q4 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
77786000
CY2013Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
24549000
CY2013Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
24667000
CY2013Q4 us-gaap Net Income Loss
NetIncomeLoss
16846000
CY2013Q4 us-gaap Costs And Expenses
CostsAndExpenses
82932000
CY2013Q4 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9952000
CY2013Q4 us-gaap Cost Of Services
CostOfServices
36297000
CY2013Q4 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
11374000
CY2013Q4 us-gaap License Costs
LicenseCosts
2564000
CY2013Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
7703000
CY2013Q4 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1468000
CY2013Q4 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11135000
CY2013Q4 manh Cost Of Hardware And Other
CostOfHardwareAndOther
10142000
CY2013Q4 manh Hardware Revenue And Other
HardwareRevenueAndOther
12546000

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