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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues        
License $ 33,510 $ 67,161 $ 70,933 $ 106,738
Maintenance 60,332 60,141 117,663 119,633
Services 23,823 23,110 43,399 46,607
Hosting 102,265 115,410 214,001 225,661
Total revenues 219,930 265,822 445,996 498,639
Operating expenses        
Cost of license [1] 4,610 5,939 10,049 12,048
Cost of maintenance, services and hosting [1] 110,745 120,484 223,789 233,497
Research and development 46,358 39,425 89,876 76,516
Selling and marketing 28,743 31,298 58,743 60,209
General and administrative 34,437 25,008 60,315 46,583
Gain on sale of CFS assets     (151,952)  
Depreciation and amortization 21,382 20,004 44,590 39,697
Total operating expenses 246,275 242,158 335,410 468,550
Operating income (loss) (26,345) 23,664 110,586 30,089
Other income (expense)        
Interest expense (9,715) (10,505) (20,129) (21,446)
Interest income 121 58 271 160
Other 2,023 19,659 1,689 23,381
Total other income (expense) (7,571) 9,212 (18,169) 2,095
Income (loss) before income taxes (33,916) 32,876 92,417 32,184
Income tax expense (benefit) (17,058) 5,825 19,791 5,295
Net income (loss) $ (16,858) $ 27,051 $ 72,626 $ 26,889
Earnings (loss) per common share        
Basic $ (0.15) $ 0.23 $ 0.62 $ 0.23
Diluted $ (0.15) $ 0.23 $ 0.61 $ 0.23
Weighted average common shares outstanding        
Basic 115,480 117,109 117,810 116,584
Diluted 115,480 118,575 119,023 118,088
[1] The cost of software license fees excludes charges for depreciation but includes amortization of purchased and developed software for resale. The cost of maintenance, services and hosting fees excludes charges for depreciation.