XML 47 R23.htm IDEA: XBRL DOCUMENT v3.3.0.814
OPERATING SEGMENTS (Tables)
9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Revenues from External Customers and Segment Operating Profit Before Unallocated Expenses
Revenues from external customers and segment operating profit, before unallocated expenses, for the North America, Europe, Russia and Other reportable segments for the three and nine months ended September 30, 2015 and 2014, were as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30,
 
2015
 
2014
 
2015
 
2014
Total segment revenues:
 
 
 
 
 
 
 
North America
$
121,746

 
$
99,393

 
$
330,228

 
$
267,866

Europe
103,514

 
78,074

 
292,826

 
217,247

Russia
9,707

 
14,762

 
27,432

 
38,881

Other
1,207

 
530

 
3,951

 
3,445

Total segment revenues
$
236,174

 
$
192,759

 
$
654,437

 
$
527,439

Segment operating profit:
 

 
 

 
 
 
 
North America
$
28,906

 
$
22,557

 
$
78,720

 
$
62,283

Europe
17,021

 
12,200

 
49,031

 
36,049

Russia
1,626

 
3,779

 
3,095

 
4,843

Other
168

 
(1,508
)
 
(12
)
 
(3,726
)
Total segment operating profit
$
47,721

 
$
37,028

 
$
130,834

 
$
99,449

Reconciliation of Segment Revenues and Operating Profit to Consolidated Income Before Provision for Income Taxes
Reconciliation of segment revenues and operating profit to consolidated income before provision for income taxes is presented below:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30, 2015
 
2015
 
2014
 
2015
 
2014
Total segment revenues
$
236,174

 
$
192,759

 
$
654,437

 
$
527,439

Unallocated revenues/ (discounts)
(125
)
 
5

 
(562
)
 
404

Revenues
$
236,049

 
$
192,764

 
$
653,875

 
$
527,843

 
 
 
 
 
 
 
 
Total segment operating profit:
$
47,721

 
$
37,028

 
$
130,834

 
$
99,449

Unallocated amounts:
 
 
 
 
 
 
 
Other unallocated revenues/ (discounts)
(125
)
 
5

 
(562
)
 
404

Stock-based compensation expense
(11,963
)
 
(7,425
)
 
(33,350
)
 
(16,524
)
Non-corporate taxes
(1,120
)
 
(789
)
 
(2,858
)
 
(1,944
)
Professional fees
(1,572
)
 
(839
)
 
(5,423
)
 
(3,380
)
Depreciation and amortization
(1,312
)
 
(2,589
)
 
(3,919
)
 
(5,470
)
Bank charges
(340
)
 
(708
)
 
(1,021
)
 
(1,211
)
One-time charges

 

 

 
(2,000
)
Other corporate expenses
(3,513
)
 
(2,848
)
 
(9,499
)
 
(7,156
)
Income from operations
27,776

 
21,835

 
74,202

 
62,168

Interest and other income, net
865

 
1,261

 
3,322

 
3,401

Foreign exchange gain/(loss)
32

 
(718
)
 
(6,187
)
 
(3,198
)
Income before provision for income taxes
$
28,673

 
$
22,378

 
$
71,337

 
$
62,371

Geographical Information of Long-Lived Assets Based on Physical Location
Geographical information about the Company’s long-lived assets based on physical location of the assets was as follows:
 
September 30,
2015
 
December 31,
2014
Belarus
$
46,844

 
$
41,652

Ukraine
4,482

 
4,392

Hungary
2,406

 
2,773

United States
2,072

 
2,001

Russia
2,043

 
2,196

Other
2,705

 
2,120

Total
$
60,552

 
$
55,134

Revenues by Client Location
Information about the Company’s revenues by client location is as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30, 2015
 
2015
 
2014
 
2015
 
2014
United States
$
110,191

 
$
84,276

 
$
299,606

 
$
228,504

United Kingdom
41,324

 
35,222

 
121,312

 
102,642

Switzerland
28,370

 
22,508

 
81,654

 
63,873

Canada
14,695

 
13,518

 
40,394

 
34,973

Russia
9,469

 
14,351

 
26,526

 
37,513

Germany
10,378

 
6,459

 
26,216

 
18,951

Hong Kong
5,758

 
5,058

 
17,030

 
8,268

Netherlands
2,630

 
2,174

 
6,984

 
6,636

Sweden
3,020

 
1,734

 
7,479

 
6,213

Belgium
2,154

 
1,079

 
5,307

 
2,619

Kazakhstan
1,208

 
525

 
3,951

 
3,141

Ireland
1,554

 
1,448

 
4,374

 
2,430

Other locations
2,421

 
1,949

 
6,066

 
5,978

Reimbursable expenses and other revenues
2,877

 
2,463

 
6,976

 
6,102

Revenues
$
236,049

 
$
192,764

 
$
653,875

 
$
527,843

Revenues by Service Offering
Information about the Company’s revenues by service offering is as follows:
 
Three Months Ended 
 September 30,
 
Nine Months Ended 
 September 30, 2015
 
2015
 
2014
 
2015
 
2014
Software development
$
165,438

 
$
134,000

 
$
457,216

 
$
364,539

Application testing services
46,275

 
37,155

 
125,615

 
103,121

Application maintenance and support
17,976

 
14,824

 
53,078

 
40,715

Infrastructure services
2,689

 
3,502

 
8,609

 
10,740

Licensing
794

 
820

 
2,381

 
2,626

Reimbursable expenses and other revenues
2,877

 
2,463

 
6,976

 
6,102

Revenues
$
236,049

 
$
192,764

 
$
653,875

 
$
527,843