Segment Information

9 Months Ended

Sep. 30, 2015

Segment Reporting [Abstract]

Segment Information

11. 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 are its reportable segments.

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 reportable 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. For the nine months ended September 30, 2015, the Corporate line item also includes the gain on the sale of the Company’s holdings in Yodlee.

The following is selected segment financial data for the periods indicated:

	Three Months Ended September 30,						Nine Months Ended September 30,
(in thousands)	2015			2014			2015			2014
Revenues:
Americas – United States	$	135,504		$	156,650		$	442,042		$	447,737
Americas – Other		22,787			16,268			57,730			57,695
EMEA		60,558			56,793			178,446			161,604
Asia/Pacific		19,852			19,933			59,122			58,889
	$	238,701		$	249,644		$	737,340		$	725,925
Income before income taxes:
Americas	$	18,899		$	37,746		$	56,577		$	80,779
EMEA		34,893			30,186			89,088			72,526
Asia/Pacific		10,041			9,048			28,613			25,130
Corporate		(45,267	)		(51,815	)		(123,528	)		(149,366	)
	$	18,566		$	25,165		$	50,750		$	29,069

(in thousands)	September 30, 2015		December 31, 2014
Total assets:
Americas – United States	$	1,138,127	$	1,210,674
Americas – Other		28,885		32,594
EMEA		465,036		487,629
Asia/Pacific		112,616		119,803
	$	1,744,664	$	1,850,700

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three and nine months ended September 30, 2015 and 2014. No country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the three and nine months ended September 30, 2015 and 2014.