XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Income (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Revenues:        
Processing and related services $ 133,362 $ 129,113 $ 269,676 $ 260,491
Software, maintenance and services 50,489 52,199 99,182 103,913
Total revenues 183,851 181,312 368,858 364,404
Cost of revenues (exclusive of depreciation, shown separately below):        
Processing and related services 62,334 60,802 124,294 122,061
Software, maintenance and services 30,186 30,074 58,195 59,579
Total cost of revenues 92,520 90,876 182,489 181,640
Other operating expenses:        
Research and development 27,794 27,920 55,716 56,558
Selling, general and administrative 33,799 32,526 65,424 65,865
Depreciation 5,874 6,273 11,711 12,520
Restructuring charges 119 1,346 821 1,346
Total operating expenses 160,106 158,941 316,161 317,929
Operating income 23,745 22,371 52,697 46,475
Other income (expense):        
Interest expense (4,106) (4,325) (8,258) (8,666)
Amortization of original issue discount (1,226) (1,420) (2,429) (2,869)
Interest and investment income, net 152 175 372 409
Other, net 277 (985) 72 (1,288)
Total other (4,903) (6,555) (10,243) (12,414)
Income before income taxes 18,842 15,816 42,454 34,061
Income tax provision (6,972) (6,801) (18,778) (13,552)
Net income $ 11,870 $ 9,015 $ 23,676 $ 20,509
Weighted-average shares outstanding - Basic:        
Common stock 32,194 32,866 32,293 32,738
Participating restricted stock 1 161 34 244
Total 32,195 33,027 32,327 32,982
Weighted-average shares outstanding - Diluted:        
Common stock 32,309 33,072 32,435 32,962
Participating restricted stock 1 161 34 244
Total 32,310 33,233 32,469 33,206
Earnings per common share:        
Basic $ 0.37 $ 0.27 $ 0.73 $ 0.62
Diluted $ 0.37 $ 0.27 $ 0.73 $ 0.62