Segment Information

3 Months Ended

Mar. 31, 2012

Segment Information

13. 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 line item. 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 line item. As such, the Company has concluded that its three geographic regions and Corporate line item 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):

	Three Months Ended March 31,
	2012			2011
Revenues:
Americas	$	74,181		$	52,330
EMEA		44,792			42,141
Asia/Pacific		18,652			10,072
	$	137,625		$	104,543
Operating income (loss):
Americas	$	20,163		$	11,516
EMEA		12,004			11,452
Asia/Pacific		4,226			(582	)
Corporate		(38,006	)		(14,888	)
	$	(1,613	)	$	7,498
	March 31,			December 31,
	2012			2011
Total assets:
Americas - United States (1)	$	891,905		$	408,038
Americas - Other		26,753			26,664
EMEA		227,358			166,997
Asia/Pacific		82,660			62,943
	$	1,228,676		$	664,642

(1) The goodwill related to the S1 acquisition is included in Americas – United States as of March 31, 2012. See Note 5 for further discussion.

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three months ended March 31, 2012 and 2011. No other country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the three months ended March 31, 2012. Aggregate revenues attributable to customers in the United Kingdom accounted for 14.9% of the Company’s consolidated revenues during the three months ended March 31, 2011.