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Condensed Consolidated Statements of Comprehensive Income - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Software-enabled services $ 150,123 $ 145,547 $ 303,690 $ 290,930
Software licenses 16,090 9,866 23,416 17,365
Maintenance 35,836 25,691 71,554 51,217
Professional services 10,719 7,618 19,843 15,020
Total revenues 212,768 188,722 418,503 374,532
Cost of revenues:        
Software-enabled services 88,548 86,040 177,150 171,731
Software licenses 1,390 806 2,780 1,657
Maintenance 11,969 10,077 25,770 20,008
Professional services 7,596 5,310 16,110 10,336
Total cost of revenues 109,503 102,233 221,810 203,732
Gross profit 103,265 86,489 196,693 170,800
Operating expenses:        
Selling and marketing 13,931 12,203 27,318 24,101
Research and development 17,520 13,939 37,128 27,526
General and administrative 13,463 14,958 30,763 26,759
Total operating expenses 44,914 41,100 95,209 78,386
Operating income 58,351 45,389 101,484 92,414
Interest expense, net (5,419) (6,569) (11,019) (13,667)
Other expense, net (164) (59) (1,671) (745)
Income before income taxes 52,768 38,761 88,794 78,002
Provision for income taxes 13,640 11,516 23,420 24,309
Net income $ 39,128 $ 27,245 $ 65,374 $ 53,693
Basic earnings per share $ 0.46 $ 0.33 $ 0.77 $ 0.65
Basic weighted average number of common shares outstanding 85,405 83,118 84,837 82,921
Diluted earnings per share $ 0.44 $ 0.31 $ 0.73 $ 0.62
Diluted weighted average number of common and common equivalent shares outstanding 89,552 87,091 88,987 86,999
Net income $ 39,128 $ 27,245 $ 65,374 $ 53,693
Other comprehensive income (loss):        
Foreign currency exchange translation adjustment 22,808 15,922 (13,411) 9,616
Total comprehensive income (loss) 22,808 15,922 (13,411) 9,616
Comprehensive income $ 61,936 $ 43,167 $ 51,963 $ 63,309