Revenue (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Total Receivables

Total receivables represent amounts billed and amounts earned that are to be billed in the future (i.e., accrued receivables). Included in accrued receivables are services and SaaS and PaaS revenues earned in the current period but billed in the following period and amounts due under multi-year software license arrangements with extended payment terms for which the Company has an unconditional right to invoice and receive payment in the future.

	March 31,			December 31,
(in thousands)	2018			2017
Billed Receivables	$	175,066		$	240,137
Allowance for doubtful accounts		(4,001	)		(4,799	)
Billed Receivables, net	$	171,065		$	235,338
Accrued receivables		328,546			27,507
Significant financing component		(34,109	)		—
Total accrued receivables, net		294,437			27,507
Less current accrued receivables		117,276			27,507
Less current significant financing component		(9,972	)		—
Total long-term accrued receivables, net	$	187,133		$	—
Total receivables, net	$	465,502		$	262,845

Changes in Deferred Revenue

Changes in deferred revenue were as follows:

	Deferred
(in thousands)	Revenue
Balance, January 1, 2018	$	145,344
Deferral of revenue		56,264
Recognition of deferred revenue		(44,589	)
Balance, March 31, 2018	$	157,019

Financial Statement Effect of Applying ASC 606

The financial statement line items affected by adoption of ASC 606 is as follows:

	March 31, 2018
(in thousands)	As Reported		Without application of ASC 606		Effect of Change Higher / (Lower)
Assets
Receivables, net of allowances	$	278,369	$	205,165	$	73,204
Recoverable income taxes		7,673		6,538		1,135
Prepaid expenses		29,961		30,702		(741	)
Other current assets		29,010		28,795		215
Accrued receivables, net		187,133		—		187,133
Deferred income taxes, net		22,109		65,503		(43,394	)
Other noncurrent assets		56,826		38,945		17,881
Liabilities
Deferred revenue		111,639		128,304		(16,665	)
Income taxes payable		6,178		6,268		(90	)
Other current liabilities		64,312		64,546		(234	)
Deferred income taxes, net		26,564		7,876		18,688
Stockholders’ equity
Total stockholders’ equity		979,022		745,288		233,734

	For the Three Months Ended March 31, 2018
(in thousands)	As Reported			Without application of ASC 606			Effect of Change Higher / (Lower)
Revenues
Software as a service and platform as a service	$	104,280		$	105,174		$	(894	)
License		28,046			43,921			(15,875	)
Maintenance		56,659			55,771			888
Services		20,325			20,029			296
Operating expenses
Selling and marketing		31,893			30,346			1,547
Other income (expense)
Interest income		2,744			179			2,565
Other, net		(55	)		(784	)		729
Income tax provision
Income tax benefit		(3,952	)		(2,043	)		(1,909	)