XML 76 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues:      
Processing and related services $ 562,109us-gaap_SalesRevenueServicesGross $ 537,453us-gaap_SalesRevenueServicesGross $ 544,649us-gaap_SalesRevenueServicesGross
Software and services 102,585us-gaap_LicenseAndServicesRevenue 118,988us-gaap_LicenseAndServicesRevenue 124,242us-gaap_LicenseAndServicesRevenue
Maintenance 86,592us-gaap_MaintenanceRevenue 91,027us-gaap_MaintenanceRevenue 87,975us-gaap_MaintenanceRevenue
Total revenues 751,286us-gaap_Revenues 747,468us-gaap_Revenues 756,866us-gaap_Revenues
Cost of revenues (exclusive of depreciation, shown separately below):      
Processing and related services 277,084us-gaap_CostOfServices 253,756us-gaap_CostOfServices 258,380us-gaap_CostOfServices
Software and services 79,640us-gaap_CostOfServicesLicensesAndServices 84,222us-gaap_CostOfServicesLicensesAndServices 85,562us-gaap_CostOfServicesLicensesAndServices
Maintenance 32,619us-gaap_CostOfServicesMaintenanceCosts 39,187us-gaap_CostOfServicesMaintenanceCosts 39,874us-gaap_CostOfServicesMaintenanceCosts
Total cost of revenues 389,343us-gaap_CostOfGoodsAndServicesSold 377,165us-gaap_CostOfGoodsAndServicesSold 383,816us-gaap_CostOfGoodsAndServicesSold
Other operating expenses:      
Research and development 104,712us-gaap_ResearchAndDevelopmentExpense 110,008us-gaap_ResearchAndDevelopmentExpense 112,938us-gaap_ResearchAndDevelopmentExpense
Selling, general and administrative 153,488us-gaap_SellingGeneralAndAdministrativeExpense 152,553us-gaap_SellingGeneralAndAdministrativeExpense 138,783us-gaap_SellingGeneralAndAdministrativeExpense
Depreciation 14,084us-gaap_Depreciation 18,633us-gaap_Depreciation 22,286us-gaap_Depreciation
Restructuring and reorganization charges 13,969us-gaap_RestructuringCharges 12,405us-gaap_RestructuringCharges 2,469us-gaap_RestructuringCharges
Total operating expenses 675,596us-gaap_OperatingExpenses 670,764us-gaap_OperatingExpenses 660,292us-gaap_OperatingExpenses
Operating income 75,690us-gaap_OperatingIncomeLoss 76,704us-gaap_OperatingIncomeLoss 96,574us-gaap_OperatingIncomeLoss
Other income (expense):      
Interest expense (10,453)us-gaap_InterestExpense (11,621)us-gaap_InterestExpense (15,983)us-gaap_InterestExpense
Amortization of original issue discount (5,781)us-gaap_AmortizationOfDebtDiscountPremium (5,352)us-gaap_AmortizationOfDebtDiscountPremium (4,954)us-gaap_AmortizationOfDebtDiscountPremium
Interest and investment income, net 798us-gaap_InvestmentIncomeInterest 689us-gaap_InvestmentIncomeInterest 855us-gaap_InvestmentIncomeInterest
Other, net 1,268us-gaap_OtherNonoperatingIncomeExpense 1,099us-gaap_OtherNonoperatingIncomeExpense 732us-gaap_OtherNonoperatingIncomeExpense
Total other (14,168)us-gaap_NonoperatingIncomeExpense (15,185)us-gaap_NonoperatingIncomeExpense (19,350)us-gaap_NonoperatingIncomeExpense
Income before income taxes 61,522us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 61,519us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 77,224us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax provision (24,563)us-gaap_IncomeTaxExpenseBenefit (10,168)us-gaap_IncomeTaxExpenseBenefit (28,345)us-gaap_IncomeTaxExpenseBenefit
Net income $ 36,959us-gaap_NetIncomeLoss $ 51,351us-gaap_NetIncomeLoss $ 48,879us-gaap_NetIncomeLoss
Weighted-average shares outstanding - Basic:      
Common stock 32,449us-gaap_WeightedAverageNumberOfSharesIssuedBasic 32,117us-gaap_WeightedAverageNumberOfSharesIssuedBasic 32,142us-gaap_WeightedAverageNumberOfSharesIssuedBasic
Participating restricted stock     17us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
Total 32,449us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 32,117us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 32,159us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Weighted-average shares outstanding - Diluted:      
Common stock 33,736csgs_WeightedAverageNumberOfSharesIssuedDiluted 32,873csgs_WeightedAverageNumberOfSharesIssuedDiluted 32,459csgs_WeightedAverageNumberOfSharesIssuedDiluted
Participating restricted stock     17us-gaap_IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
Total 33,736us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 32,873us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 32,476us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Earnings per common share:      
Basic $ 1.14us-gaap_EarningsPerShareBasic $ 1.60us-gaap_EarningsPerShareBasic $ 1.52us-gaap_EarningsPerShareBasic
Diluted $ 1.10us-gaap_EarningsPerShareDiluted $ 1.56us-gaap_EarningsPerShareDiluted $ 1.51us-gaap_EarningsPerShareDiluted
Cash dividends declared per common share: $ 0.6225us-gaap_CommonStockDividendsPerShareDeclared $ 0.4500us-gaap_CommonStockDividendsPerShareDeclared