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

12 Months Ended

Dec. 31, 2016

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,
	2016		2015		2014
License	$	6,759	$	7,797	$	22,211
Maintenance		3,268		3,801		7,699
Services		268		321		13

Total	$	10,295	$	11,919	$	29,923

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.


	December 31,
	2016			2015
Billed Receivables	$	250,116		$	192,045
Allowance for doubtful accounts		(3,873	)		(5,045	)

Billed, net		246,243			187,000
Accrued Receivables		21,919			32,116

Receivables, net	$	268,162		$	219,116

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,
	2016			2015			2014
Balance, beginning of period	$	(5,045	)	$	(4,806	)	$	(4,459	)
Provision (increase) decrease		(1,595	)		(2,425	)		(1,049	)
Amounts written off, net of recoveries		2,551			2,088			1,053
Foreign currency translation adjustments and other		216			98			(351	)

Balance, end of period	$	(3,873	)	$	(5,045	)	$	(4,806	)

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


	December 31,
	2016		2015
Settlement deposits	$	10,496	$	5,357
Settlement receivables		14,327		7,961
Other		8,755		8,319

Total other current assets	$	33,578	$	21,637


	December 31,
	2016		2015
Settlement payables	$	24,016	$	11,250
Accrued interest		7,356		7,501
Vendor financed licenses		9,213		15,723
Royalties payable		7,197		4,910
Other		31,059		35,841

Total other current liabilities	$	78,841	$	75,225

Property and Equipment Estimated Useful Lives

As of December 31, 2016 and 2015, net property and equipment consisted of the following (in thousands):


	Useful Lives		2016			2015
Computer and office equipment		3 to 5 years	$	105,692		$	92,237
Leasehold improvements		Lesser of useful life of improvement or remaining life of lease		33,093			19,380
Furniture and fixtures		7 years		11,145			11,304
Building and improvements		7 - 30 years		10,391			10,340
Land		Non depreciable		1,785			1,785

				162,106			135,046
Less: accumulated depreciation and amortization				(83,156	)		(74,416	)

Property and equipment, net			$	78,950		$	60,630

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, 2016 and 2015, were as follows (in thousands):


	Americas			EMEA			Asia/ Pacific			Total
Gross Balance prior to December 31, 2014	$	523,914		$	240,303		$	64,378		$	828,595
Total impairment prior to December 31, 2014		(47,432	)		—			—			(47,432	)

Balance, December 31, 2014		476,482			240,303			64,378			781,163
Goodwill from acquisitions (1)		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
Goodwill from acquisitions (2)		—			511			—			511
Foreign currency translation adjustments		256			(3,208	)		(1,129	)		(4,081	)

Balance, December 31, 2016	$	477,397		$	374,130		$	58,164		$	909,691

(1)	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, Acquisitions.

(2)	Goodwill from acquisitions relates to the adjustments to goodwill related to the acquisition of PAY.ON, as discussed in Note 2.