Nature of Business and Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2015

Revenues in Condensed Consolidated Statements of Operations from Arrangements for which Vendor-Specific Objective Evidence of Fair Value Does Not Exist for Each Undelivered Element

This allocation methodology has been applied to the following amounts included in revenues in the consolidated statements of income from arrangements for which VSOE of fair value does not exist for each undelivered element (in thousands):


	Years Ended December 31,
	2015		2014		2013
License	$	7,797	$	22,211	$	22,190
Maintenance		3,801		7,699		9,649
Services		321		13		10

Total	$	11,919	$	29,923	$	31,849

Receivables and Concentration of Credit Risk

Receivables and Concentration of Credit Risk. Receivables represent amounts billed and amounts earned that are to be billed in the near future. Included in accrued receivables are services and software hosting revenues earned in the current period but billed in the following period as well as license revenues that are determined to be fixed and determinable but billed in future periods.


	December 31,
	2015			2014
Billed Receivables	$	192,045		$	200,392
Allowance for doubtful accounts		(5,045	)		(4,806	)

Billed, net		187,000			195,586
Accrued Receivables		32,116			31,520

Receivables, net	$	219,116		$	227,106

Activity in Allowance for Doubtful Accounts Receivable

The following reflects activity in the Company’s allowance for doubtful accounts receivable (in thousands):


	Years Ended December 31,
	2015			2014			2013
Balance, beginning of period	$	(4,806	)	$	(4,459	)	$	(8,117	)
Provision (increase) decrease		(2,425	)		(1,049	)		1,161
Amounts written off, net of recoveries		2,088			1,053			2,296
Foreign currency translation adjustments and other		98			(351	)		201

Balance, end of period	$	(5,045	)	$	(4,806	)	$	(4,459	)

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


	December 31,
	2015		2014
Settlement deposits	$	5,357	$	13,252
Settlement receivables		7,961		11,032
Current debt issuance costs		5,583		6,244
Other		8,319		9,889

Total other current assets	$	27,220	$	40,417


	December 31,
	2015		2014
Settlement payables	$	11,250	$	21,715
Accrued interest		7,501		7,256
Vendor financed licenses		15,723		7,340
Royalties payable		4,910		4,070
Other		35,841		27,124

Total other current liabilities	$	75,225	$	67,505

Property and Equipment Estimated Useful Lives

As of December 31, 2015 and 2014, net property and equipment consisted of the following (in thousands):


	Useful Lives	2015			2014
Computer and office equipment	3 to 5 years	$	92,237		$	81,850
Leasehold improvements	Lesser of useful life of improvement or remaining life of lease		19,380			17,193
Furniture and fixtures	7 years		11,304			11,202
Building and improvements	7 - 30 years		10,340			8,884
Land	Non-depreciable		1,785			1,785

			135,046			120,914
Less: accumulated depreciation and amortization			(74,416	)		(60,554	)

Property and equipment, net		$	60,630		$	60,360

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the years ended December 31, 2015 and 2014, were as follows (in thousands):


	Americas			EMEA			Asia/ Pacific			Total
Gross Balance prior to December 31, 2013	$	488,698		$	160,158		$	67,793		$	716,649
Total impairment prior to December 31, 2013		(47,432	)		—			—			(47,432	)

Balance, December 31, 2013		441,266			160,158			67,793			669,217
Goodwill from acquisitions (1)		36,623			84,515			—			121,138
Foreign currency translation adjustments		(1,407	)		(4,370	)		(3,415	)		(9,192	)

Balance, December 31, 2014		476,482			240,303			64,378			781,163
Goodwill from acquisitions (2)		2,462			139,825			—			142,287
Foreign currency translation adjustments		(1,803	)		(3,301	)		(5,085	)		(10,189	)

Balance, December 31, 2015	$	477,141		$	376,827		$	59,293		$	913,261

(1)	Goodwill from acquisitions relates to the goodwill recorded for the acquisition of ReD, as well as adjustments to goodwill related to the acquisitions of OPAY, ORCC, and PTESA as discussed in Note 2, Acquisitions.

(2)

Goodwill from acquisitions relates to the goodwill recorded for the acquisition of PAY.ON, as well as adjustments to goodwill related to the acquisition of ReD, as discussed in Note 2. The purchase price allocation for PAY.ON is preliminary as of December 31, 2015 and accordingly is subject to future changes during the maximum one-year measurement period.