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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenues      
Software as a service and platform as a service $ 425,572 $ 411,289 $ 446,057
License 293,124 273,466 251,205
Maintenance 222,071 233,476 241,895
Services 83,424 87,470 106,820
Total revenues 1,024,191 1,005,701 1,045,977
Operating expenses      
Cost of revenue [1] 452,286 444,914 472,299
Research and development 136,921 169,900 [2] 145,924
Selling and marketing 107,885 118,082 [2] 129,407
General and administrative 153,032 [3] 113,617 [2] 87,419
Gain on sale of CFS assets   (151,463)  
Depreciation and amortization 89,427 89,521 82,980
Total operating expenses 939,551 784,571 918,029
Operating income (loss) 84,640 221,130 [2] 127,948
Other income (expense)      
Interest expense (39,013) (40,184) (41,372)
Interest income 564 530 386
Other, net (2,619) 4,105 26,411
Total other income (expense) (41,068) (35,549) (14,575)
Income before income taxes 43,572 185,581 [2] 113,373
Income tax expense 38,437 56,046 [2] 27,937
Net income $ 5,135 $ 129,535 [2] $ 85,436
Earnings per common share      
Basic $ 0.04 $ 1.10 $ 0.73
Diluted $ 0.04 $ 1.09 $ 0.72
Weighted average common shares outstanding      
Basic 118,059 117,533 117,465
Diluted 119,444 118,847 118,919
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.
[2] The Company adopted ASU 2016-09, Compensation - Stock Compensation: Improvements to Employee Share-Based Payment Accounting, ("ASU 2016-09") during the year ended December 31, 2016. The Company elected to early adopt ASU 2016-09 in the third quarter of 2016, which requires it to reflect any adjustments as of January 1, 2016, the beginning of the annual period that includes the interim period of adoption. The impact of the adoption to the Company's previously reported quarterly results for the quarters ended March 31 and June 30, 2016 are reflected in the table above.
[3] General and administrative expenses in the second quarter includes the BHMI judgment as discussed in Note 14.