Quarterly Financial Data (Unaudited)

12 Months Ended

Dec. 31, 2018

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data (Unaudited)

16. Quarterly Financial Data (Unaudited)

	Quarter Ended												Year Ended
	March 31,			June 30,			September 30,			December 31,			December 31,
(in thousands, except per share amounts)	2018			2018			2018			2018			2018
Revenues:
Software as a service and platform as a service	$	104,280		$	113,600		$	104,519		$	110,626		$	433,025
License		28,046			45,555			68,964			137,991			280,556
Maintenance		56,659			55,048			54,373			53,065			219,145
Services		20,325			20,792			17,669			18,268			77,054
Total revenues		209,310			234,995			245,525			319,950			1,009,780
Operating expenses:
Cost of revenue (1)		107,336			116,261			102,473			104,281			430,351
Research and development		36,791			37,862			36,008			32,969			143,630
Selling and marketing		31,893			33,160			28,252			24,576			117,881
General and administrative		28,649			28,837			29,537			20,399			107,422
Depreciation and amortization		21,345			21,033			20,896			21,311			84,585
Total operating expenses		226,014			237,153			217,166			203,536			883,869
Operating income (loss)		(16,704	)		(2,158	)		28,359			116,414			125,911
Other income (expense):
Interest expense		(9,365	)		(9,717	)		(12,573	)		(9,875	)		(41,530	)
Interest income		2,744			2,742			2,763			2,893			11,142
Other, net		(55	)		(1,677	)		(1,304	)		(688	)		(3,724	)
Total other income (expense)		(6,676	)		(8,652	)		(11,114	)		(7,670	)		(34,112	)
Income (loss) before income taxes		(23,380	)		(10,810	)		17,245			108,744			91,799
Income tax expense (benefit)		(3,952	)		3,764			2,012			21,054			22,878
Net income (loss)	$	(19,428	)	$	(14,574	)	$	15,233		$	87,690		$	68,921
Earnings (loss) per share
Basic	$	(0.17	)	$	(0.13	)	$	0.13		$	0.76		$	0.59
Diluted	$	(0.17	)	$	(0.13	)	$	0.13		$	0.74		$	0.59

(1) The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.

	Quarter Ended												Year Ended
	March 31,			June 30,			September 30,			December 31,			December 31,
(in thousands, except per share amounts)	2017			2017			2017			2017			2017
Revenues:
Software as a service and platform as a service	$	99,447		$	113,469		$	99,761		$	112,895		$	425,572
License		59,381			54,180			50,017			129,546			293,124
Maintenance		54,471			56,009			56,349			55,242			222,071
Services		18,163			16,941			19,608			28,712			83,424
Total revenues		231,462			240,599			225,735			326,395			1,024,191
Operating expenses:
Cost of revenue (1)		108,543			120,357			107,393			115,993			452,286
Research and development		37,285			34,969			33,935			30,732			136,921
Selling and marketing		27,137			28,817			25,236			26,695			107,885
General and administrative (2)		32,503			72,527			25,302			22,700			153,032
Depreciation and amortization		22,371			22,372			22,446			22,238			89,427
Total operating expenses		227,839			279,042			214,312			218,358			939,551
Operating income (loss)		3,623			(38,443	)		11,423			108,037			84,640
Other income (expense):
Interest expense		(10,160	)		(10,664	)		(9,374	)		(8,815	)		(39,013	)
Interest income		106			150			165			143			564
Other, net		649			(1,766	)		(1,059	)		(443	)		(2,619	)
Total other income (expense)		(9,405	)		(12,280	)		(10,268	)		(9,115	)		(41,068	)
Income (loss) before income taxes		(5,782	)		(50,723	)		1,155			98,922			43,572
Income tax expense (benefit)		(4,174	)		(20,914	)		(2,233	)		65,758			38,437
Net income (loss)	$	(1,608	)	$	(29,809	)	$	3,388		$	33,164		$	5,135
Earnings (loss) per share
Basic	$	(0.01	)	$	(0.25	)	$	0.03		$	0.28		$	0.04
Diluted	$	(0.01	)	$	(0.25	)	$	0.03		$	0.28		$	0.04

(1)	The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.
(2)	General and administrative expenses in the second quarter includes the BHMI judgment.