XML 48 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenues:        
Processing and related services $ 140,981 $ 133,294 $ 419,696 $ 399,112
Software and services 22,079 30,294 72,553 87,049
Maintenance 21,943 22,592 65,340 66,758
Total revenues 185,003 186,180 557,589 552,919
Cost of revenues (exclusive of depreciation, shown separately below):        
Processing and related services 69,225 65,184 205,016 189,725
Software and services 17,508 19,942 60,699 63,887
Maintenance 7,737 9,772 24,541 29,398
Total cost of revenues 94,470 94,898 290,256 283,010
Other operating expenses:        
Research and development 26,329 27,600 77,773 83,693
Selling, general and administrative 39,036 38,444 113,475 110,629
Depreciation 3,553 4,609 10,479 14,379
Restructuring and reorganization charges 7,784 76 9,041 939
Total operating expenses 171,172 165,627 501,024 492,650
Operating income 13,831 20,553 56,565 60,269
Other income (expense):        
Interest expense (2,582) (2,615) (7,900) (8,724)
Amortization of original issue discount (1,460) (1,351) (4,294) (3,975)
Interest and investment income, net 169 174 607 517
Other, net 106 (130) (171) 950
Total other (3,767) (3,922) (11,758) (11,232)
Income before income taxes 10,064 16,631 44,807 49,037
Income tax provision (4,831) (1,331) (20,480) (6,767)
Net income $ 5,233 $ 15,300 $ 24,327 $ 42,270
Weighted-average shares outstanding:        
Basic 32,604 32,084 32,514 32,114
Diluted 33,996 32,664 33,858 32,553
Earnings per common share:        
Basic $ 0.16 $ 0.48 $ 0.75 $ 1.32
Diluted $ 0.15 $ 0.47 $ 0.72 $ 1.30
Cash dividends declared per common share: $ 0.1575 $ 0.1500 $ 0.4650 $ 0.3000