Segment Information

12 Months Ended

Dec. 31, 2011

Segment Information

12. Segment Information

The Company’s chief operating decision maker, together with other senior management personnel, currently focus their review of consolidated financial information and the allocation of resources based on reporting of operating results, including revenues and operating income, for the geographic regions of the Americas, EMEA and Asia/Pacific and the Corporate segment. The Company’s products are sold and supported through distribution networks covering these three geographic regions, with each distribution network having its own sales force. The Company supplements its distribution networks with independent reseller and/or distributor arrangements. All administrative costs that are not directly attributable or reasonably allocable to a geographic segment are tracked in the Corporate segment. As such, the Company has concluded that its three geographic regions and its Corporate segment are its reportable operating segments.

During the year ended December 31, 2011, the Company changed its segment operating income reporting measure to exclude certain corporate general and administrative expenses. Previously, corporate expenses were allocated to the segments. In addition, amortization expense on acquired intangibles is no longer allocated to the individual segments. All periods presented have been recast to reflect these changes.

The Company allocates segment support expenses such as global product development, business operations, and product management based upon percentage of revenue per segment. Depreciation and amortization costs are allocated as a percentage of the headcount by segment. The Corporate line item consists of the corporate overhead costs that are not allocated to operating segments. Corporate overhead costs relate to human resources, finance, legal, accounting, merger and acquisition activity and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates segment performance.

The following is selected segment financial data for the periods indicated (in thousands):

		September 30,			September 30,			September 30,
	Years Ended December 31,
	2011			2010			2009
Revenues:
Americas	$	245,703		$	221,560		$	222,952
EMEA		164,874			150,525			137,061
Asia/Pacific		54,518			46,339			45,742
	$	465,095		$	418,424		$	405,755
Depreciation and amortization expense:
Americas	$	11,139		$	9,903		$	12,373
EMEA		4,473			3,731			1,954
Asia/Pacific		3,410			3,126			1,300
Corporate		9,355			9,587			8,100
	$	28,377		$	26,347		$	23,727
Stock-based compensation expense:
Americas	$	1,496		$	1,684		$	1,553
EMEA		403			145			291
Asia/Pacific		418			425			429
Corporate		8,937			5,536			5,372
	$	11,254		$	7,790		$	7,645
Operating income (loss):
Americas	$	84,662		$	74,791		$	69,350
EMEA		46,889			43,274			31,083
Asia/Pacific		6,774			(60	)		6,293
Corporate		(72,094	)		(64,357	)		(65,156	)
	$	66,231		$	53,648		$	41,570

		September 30,		September 30,
	December 31,
	2011		2010
Long-lived assets:
Americas — United States	$	225,094	$	189,389
Americas — Other		4,051		4,547
EMEA		56,542		59,494
Asia/Pacific		23,625		25,147
	$	309,312	$	278,577

		September 30,		September 30,
	December 31,
	2011		2010
Total assets:
Americas — United States	$	408,038	$	335,457
Americas — Other		26,664		21,254
EMEA		166,997		186,209
Asia/Pacific		62,943		58,609
	$	664,642	$	601,529

Additionally, the Company offers five primary software product lines that are sold in each of the geographic regions listed above. Following are revenues, by product line (in thousands):

		September 30,		September 30,		September 30,
	Years Ended December 31,
	2011		2010		2009
Retail payments processing	$	289,501	$	255,536	$	255,193
Wholesale banking payments		81,640		86,524		72,608
Payment fraud detection		32,939		22,039		25,521
Card and merchant management		23,130		19,240		15,272
Tools and infrastructure		37,885		35,085		37,161
Total	$	465,095	$	418,424	$	405,755

During the years ended December 31, 2011, 2010 and 2009, approximately 43%, 46%, and 46%, respectively, of the Company’s total revenues were derived from licensing the BASE24 product line, which does not include the BASE24-eps product, and providing related services and maintenance.

No country outside of the United States accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2011, 2010 and 2009. No single customer accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2011, 2010 and 2009.

During the years ended December 31, 2011, 2010 and 2009, revenues in the United States were approximately $188.0 million, $163.1 million, and $172.7 million, respectively.