Segment Information

12 Months Ended

Dec. 31, 2016

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 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 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 and other facility related 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 software as well as other costs that are not considered when management evaluates segment performance.

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

	Years Ended December 31,
	2016			2015			2014
Revenues:
Americas—United States	$	527,431		$	628,013		$	614,488
Americas—Other		116,718			82,548			87,279
EMEA		261,160			250,568			230,879
Asia/Pacific		100,392			84,848			83,503
	$	1,005,701		$	1,045,977		$	1,016,149
Depreciation and amortization expense:
Americas	$	27,951		$	24,966		$	20,548
EMEA		3,830			3,670			4,126
Asia/Pacific		1,820			1,751			1,809
Corporate		69,853			67,044			60,200
	$	103,454		$	97,431		$	86,683
Stock-based compensation expense:
Americas	$	5,005		$	1,638		$	2,910
EMEA		6,476			1,223			419
Asia/Pacific		605			36			249
Corporate		31,527			15,483			7,467
	$	43,613		$	18,380		$	11,045
Income before income taxes:
Americas	$	206,689		$	111,382		$	143,379
EMEA		176,958			132,518			116,120
Asia/Pacific		62,422			41,658			38,853
Corporate		(260,488	)		(172,185	)		(199,583	)
	$	185,581		$	113,373		$	98,769

	December 31,
	2016		2015
Long lived assets:
Americas—United States	$	752,442	$	915,030
Americas—Other		11,422		11,643
EMEA		580,110		502,785
Asia/Pacific		72,851		72,957
	$	1,416,825	$	1,502,415

	December 31,
	2016		2015
Total assets:
Americas—United States	$	991,687	$	1,182,309
Americas—Other		32,365		33,492
EMEA		765,291		643,275
Asia/Pacific		112,952		116,712
	$	1,902,295	$	1,975,788

Additionally, the Company offers seven primary product categories that are sold in each of the geographic regions listed above. Following are revenues, by product and services (in thousands):

	Years Ended December 31,
	2016		2015		2014
Retail payments processing	$	415,729	$	402,454	$	406,023
Billers		255,540		241,949		235,039
Online banking and community financial services		125,580		219,698		227,659
Tools and infrastructure		63,923		42,783		40,427
Wholesale banking payments		37,040		41,545		37,879
Payment fraud management		30,130		27,373		36,235
Card and merchant management		77,759		70,175		32,887
Total	$	1,005,701	$	1,045,977	$	1,016,149

During the years ended December 31, 2016, 2015 and 2014, approximately 22%, 21%, and 21%, 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, 2016, 2015, and 2014. No single customer accounted for more than 10% of the Company’s consolidated revenues during the years ended December 31, 2016, 2015, and 2014.