View Filing Data

Print Document View Excel Document

Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2014	Jul. 28, 2014
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2014
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	Q2
Trading Symbol	ACIW
Entity Registrant Name	ACI WORLDWIDE, INC.
Entity Central Index Key	0000935036
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		114,079,905

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Current assets
Cash and cash equivalents	$ 54,982	$ 95,059
Receivables, net of allowances of $4,722 and $4,459, respectively	206,901	203,575
Deferred income taxes, net	74,247	47,593
Recoverable income taxes	3,009	2,258
Prepaid expenses	21,580	22,549
Other current assets	29,884	65,328
Total current assets	390,603	436,362
Property and equipment, net	54,731	57,347
Software, net	191,465	191,468
Goodwill	668,566	669,217
Intangible assets, net	224,505	237,693
Deferred income taxes, net	41,740	48,852
Other noncurrent assets	42,594	40,912
TOTAL ASSETS	1,614,204	1,681,851
Current liabilities
Accounts payable	41,235	43,658
Employee compensation	36,665	35,623
Current portion of long-term debt	59,141	47,313
Deferred revenue	141,388	122,045
Income taxes payable	2,625	1,192
Deferred income taxes, net	691	753
Other current liabilities	55,639	95,016
Total current liabilities	337,384	345,600
Noncurrent liabilities
Deferred revenue	48,229	45,656
Long-term debt	693,500	708,070
Deferred income taxes, net	10,078	11,000
Other noncurrent liabilities	22,347	27,831
Total liabilities	1,111,538	1,138,157
Commitments and contingencies (Note 13)
Stockholders' equity
Preferred stock; $0.01 par value; 5,000,000 shares authorized; no shares issued and outstanding at June 30, 2014 and December 31, 2013	0	0
Common stock; $0.005 par value; 280,000,000 shares authorized; 139,820,388 shares issued at June 30, 2014 and December 31, 2013	698	698
Additional paid-in capital	547,201	542,697
Retained earnings	269,317	263,855
Treasury stock, at cost, 25,736,694 and 23,255,421 shares at June 30, 2014 and December 31, 2013, respectively	(300,454)	(240,241)
Accumulated other comprehensive loss	(14,096)	(23,315)
Total stockholders' equity	502,666	543,694
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,614,204	$ 1,681,851

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]
Receivables, allowances	$ 4,722	$ 4,459
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.005	$ 0.005
Common stock, shares authorized	280,000,000	280,000,000
Common stock, shares issued	139,820,388	139,820,388
Treasury stock, shares	25,736,694	23,255,421

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands

3 Months Ended

6 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Revenues

License

$ 61,377

$ 53,714

$ 97,079

$ 95,070

Maintenance

62,309

57,830

124,808

116,464

Services

24,991

26,964

47,579

50,893

Hosting

106,131

67,322

206,815

105,400

Total revenues

254,808

205,830

476,281

367,827

Operating expenses

Cost of license

^[1]

6,897

6,169

12,633

12,087

Cost of maintenance, services and hosting

^[1]

112,595

82,573

220,482

144,444

Research and development

38,876

38,391

76,332

75,540

Selling and marketing

28,007

27,538

55,916

52,612

General and administrative

24,682

26,147

49,798

51,184

Depreciation and amortization

17,010

13,490

34,088

24,447

Total operating expenses

228,067

194,308

449,249

360,314

Operating income

26,741

11,522

27,032

7,513

Other income (expense)

Interest expense

(9,329)

(6,053)

(18,504)

(9,950)

Interest income

135

211

334

342

Other, net

(3,901)

(1,519)

(4,958)

1,646

Total other income (expense)

(13,095)

(7,361)

(23,128)

(7,962)

Income (loss) before income taxes

13,646

4,161

3,904

(449)

Income tax expense (benefit)

2,409

2,280

(1,558)

(164)

Net income (loss)

$ 11,237

$ 1,881

$ 5,462

$ (285)

Income (loss) per common share

Basic

$ 0.10

$ 0.02

$ 0.05

$ 0.00

Diluted

$ 0.10

$ 0.02

$ 0.05

$ 0.00

Weighted average common shares outstanding

Basic

113,907

119,505

114,663

118,781

Diluted

115,977

121,502

116,812

118,781

[1]	The cost of software license fees excludes charges for depreciation but includes amortization of purchased and developed software for resale. The cost of maintenance, services and hosting fees excludes charges for depreciation.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 11,237	$ 1,881	$ 5,462	$ (285)
Other comprehensive income (loss):
Foreign currency translation adjustments	6,318	(9,417)	9,219	(19,873)
Total other comprehensive income (loss)	6,318	(9,417)	9,219	(19,873)
Comprehensive income (loss)	$ 17,555	$ (7,536)	$ 14,681	$ (20,158)

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities:
Net income (loss)	$ 5,462	$ (285)
Adjustments to reconcile net income (loss) to net cash flows from operating activities:
Depreciation	10,558	7,964
Amortization	30,591	23,142
Amortization of deferred debt issuance costs	2,680	2,516
Deferred income taxes	(12,134)	(6,776)
Stock-based compensation expense	9,188	7,724
Excess tax benefit of stock options exercised	(4,382)	(1,681)
Other	671	2,035
Changes in operating assets and liabilities, net of impact of acquisitions:
Receivables	(9,279)	22,028
Accounts payable	(3,203)	(10,731)
Accrued employee compensation	659	(8,012)
Current income taxes	4,728	3,780
Deferred revenue	20,337	21,737
Other current and noncurrent assets and liabilities	(7,553)	(5,810)
Net cash flows from operating activities	48,323	57,631
Cash flows from investing activities:
Purchases of property and equipment	(8,319)	(9,050)
Purchases of software and distribution rights	(6,991)	(4,578)
Acquisition of businesses, net of cash acquired		(264,202)
Other	(1,500)
Net cash flows from investing activities	(16,810)	(277,830)
Cash flows from financing activities:
Proceeds from issuance of common stock	1,338	938
Proceeds from exercises of stock options	4,117	5,583
Excess tax benefit of stock options exercised	4,382	1,681
Repurchases of common stock	(70,000)	(12,068)
Repurchase of restricted stock and performance shares for tax withholdings	(4,533)	(5,574)
Proceeds from term portion of credit agreement		300,000
Proceeds from revolving credit facility	50,000
Repayment of revolving credit facility	(35,000)
Repayment of term portion of credit agreement	(17,742)	(13,125)
Payments on other debt and capital leases	(6,687)	(11,717)
Payment for debt issuance costs	(163)	(9,536)
Distribution to noncontrolling interest	(1,391)
Net cash flows from financing activities	(75,679)	256,182
Effect of exchange rate fluctuations on cash	4,089	(4,571)
Net increase (decrease) in cash and cash equivalents	(40,077)	31,412
Cash and cash equivalents, beginning of period	95,059	76,329
Cash and cash equivalents, end of period	54,982	107,741
Supplemental cash flow information
Income taxes paid, net	13,176	7,668
Interest paid	$ 15,630	$ 7,315

Condensed Consolidated Financial Statements

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Condensed Consolidated Financial Statements

1. Condensed Consolidated Financial Statements

The unaudited condensed consolidated financial statements include the accounts of ACI Worldwide, Inc. and its wholly-owned subsidiaries (collectively, the “Company”). All intercompany balances and transactions have been eliminated. The condensed consolidated financial statements as of June 30, 2014, and for the three and six months ended June 30, 2014 and 2013, are unaudited and reflect all adjustments of a normal recurring nature, which are, in the opinion of management, necessary for a fair presentation, in all material respects, of the financial position and operating results for the interim periods. The condensed consolidated balance sheet as of December 31, 2013 is derived from the audited financial statements.

The condensed consolidated financial statements contained herein should be read in conjunction with the consolidated financial statements and notes thereto contained in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2013, filed on February 28, 2014. Results for the three and six months ended June 30, 2014 are not necessarily indicative of results that may be attained in the future.

The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States (“U.S. GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

Cash and cash equivalents

The fair values of cash and cash equivalents approximate the carrying values due to the short period of time to maturity (Level 2 of the fair value hierarchy).

Receivables, net

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 as well as license revenues that are determined to be fixed and determinable but that will be billed in future periods.


(in thousands)	June 30, 2014			December 31, 2013
Billed Receivables	$	179,512		$	173,100
Allowance for doubtful accounts		(4,722	)		(4,459	)

Billed, net		174,790			168,641
Accrued Receivables		32,111			34,934

Receivables, net	$	206,901		$	203,575

Other Current Assets and Other Current Liabilities


(in thousands)	June 30, 2014		December 31, 2013
Settlement deposits	$	7,564	$	27,770
Settlement receivables		5,472		20,119
Current debt issuance costs		5,075		5,276
Other		11,773		12,163

Total other current assets	$	29,884	$	65,328


(in thousands)	June 30, 2014		December 31, 2013
Settlement payables	$	12,540	$	42,841
Accrued interest		7,219		7,074
Vendor financed licenses		7,123		6,410
Royalties payable		4,201		5,627
Other		24,556		33,064

Total other current liabilities	$	55,639	$	95,016

Individuals and businesses settle their obligations to the Company’s various clients, primarily utility and other public sector clients, using credit or debit cards or via ACH payments. The Company creates a receivable for the amount due from the credit or debit card company and an offsetting payable to the client. Once confirmation is received that the funds have been received, the Company settles the obligation to the client. Due to timing, in some instances, the Company may receive the funds into bank accounts controlled by and in the Company’s name that are not disbursed to its clients by the end of the day resulting in a settlement deposit on the Company’s books.

Off Balance Sheet Accounts

The Company also enters into agreements with certain clients to process payment funds on their behalf. When an automated clearing house or automated teller machine network payment transaction is processed, a transaction is initiated to withdraw funds from the designated source account and deposit them into a settlement account, which is a trust account maintained for the benefit of the Company’s clients. A simultaneous transaction is initiated to transfer funds from the settlement account to the intended destination account. These “back to back” transactions are designed to settle at the same time, usually overnight, such that the funds are received from the source at the same time as the funds are sent to their destination. However, due to the transactions being with various financial institutions there may be timing differences that result in float balances. These funds are maintained in accounts for the benefit of the client which are separate from the Company’s corporate assets. As the Company does not take ownership of the funds, those settlement accounts are not included in the Company’s balance sheet. The Company is entitled to interest earned on the fund balances. The collection of interest on these settlement accounts is considered in the Company’s determination of its fee structure for clients and represents a portion of the payment for services performed by the Company. The amount of off balance sheet settlement funds as of June 30, 2014 and December 31, 2013 were $208.6 million and $284.0 million, respectively.

Accumulated Other Comprehensive Loss

The $14.1 million and $23.3 million accumulated other comprehensive loss included in the Company’s condensed consolidated balance sheets as of June 30, 2014 and December 31, 2013, respectively, represents the accumulated foreign currency translation adjustment. Since the undistributed earnings of the Company’s foreign subsidiaries are considered to be permanently reinvested, the components of accumulated other comprehensive loss have not been tax effected.

Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the six months ended June 30, 2014 were as follows:


(in thousands)	Americas			EMEA		Asia/Pacific		Total
Gross Balance prior to December 31, 2013	$	488,698		$	160,158	$	67,793	$	716,649
Total impairment prior to December 31, 2013		(47,432	)		—		—		(47,432	)

Balance, December 31, 2013		441,266			160,158		67,793		669,217
Goodwill from acquisitions (1)		(3,192	)		—		—		(3,192	)
Foreign currency translation adjustments		238			312		1,991		2,541

Balance, June 30, 2014	$	438,312		$	160,470	$	69,784	$	668,566

(1)

Goodwill from acquisitions relates to adjustments in the goodwill recorded for the acquisitions of Official Payments Holdings, Inc. (“OPAY”), Online Resources Corporation (“ORCC”), and Profesionales en Transacciones Electronicas S.A. (“PTESA”) as discussed in Note 3. The purchase price allocation for OPAY is preliminary as of June 30, 2014 and accordingly is subject to future changes during the maximum one-year allocation period.

In accordance with ASC 350, Intangibles – Goodwill and Other, we assess goodwill for impairment annually during the fourth quarter of our fiscal year using October 1 balances or when there is evidence that events or changes in circumstances indicate that the carrying amount of the asset may not be recovered. We evaluate goodwill at the reporting unit level and have identified our reportable segments, Americas, Europe/Middle East/Africa (“EMEA”), and Asia/Pacific, as our reporting units. Recoverability of goodwill is measured using a discounted cash flow model incorporating discount rates commensurate with the risks involved. Use of a discounted cash flow model is common practice in impairment testing in the absence of available transactional market evidence to determine the fair value.

The calculated fair value was substantially in excess of the current carrying value for all reporting units based upon our October 1, 2013 annual impairment test and there have been no indications of impairment in the subsequent periods.

Noncontrolling Interest

On April 10, 2014, the Company dissolved its partnership based in South Africa with Cornastone Technology Investments (Proprietary) Limited (“CTI”). As a result, the Company paid CTI approximately $1.5 million during the three months ended June 30, 2014 for CTI’s noncontrolling interest and loan balance. Noncontrolling interest in this partnership of $1.1 million was included in other noncurrent liabilities as of December 31, 2013.

Revenue

Vendor Specific Objective Evidence (“VSOE”)

ASC 985-605 requires the seller of software that includes post contract customer support (maintenance or “PCS”) to establish VSOE of fair value of the undelivered element of the contract in order to account separately for the PCS revenue. The Company has traditionally established VSOE of the fair value of PCS by reference to stated renewals, expressed in dollar terms, or separate sales with consistent pricing of PCS expressed in percentage terms. In determining whether a stated renewal is not substantive, the Company considers factors such as whether the period of the initial PCS term is relatively long when compared to the term of the software license or whether the PCS renewal rate is significantly below the Company’s normal pricing practices. In determining whether PCS pricing is consistent, the Company considers the population of separate sales that are within a reasonably narrow range of the median within the identified market segment over the trailing 12 month period.

Effective July 2013, the Company establishes VSOE of fair value of PCS by reference to stated renewals for all identified market segments. The Company continues to consider factors such as whether the period of the initial PCS term is relatively long when compared to the term of the software license or whether the PCS renewal is significantly below the Company’s normal pricing practices. In determining whether PCS pricing is significantly below the Company’s normal pricing practice, the Company considers the population of stated renewal rates that are within a reasonably narrow range of the median within the identified market segment over the trailing 12 month period. The change in estimation methodology does not have a material effect on our financial statements.

Certain of the Company’s software license arrangements include PCS terms that fail to achieve VSOE of fair value due to non-substantive renewal periods or non-substantive PCS renewal amounts. For these arrangements, VSOE of fair value of PCS does not exist and revenues for the software license, PCS and services, if applicable, are considered to be one accounting unit and are therefore recognized ratably over the longer of the contractual service term or PCS term once the delivery of both services has commenced. The Company typically classifies revenues associated with these arrangements in accordance with the contractually specified amounts, which approximate fair value assigned to the various elements, including software license fees, maintenance fees and services, if applicable.

This allocation methodology has been applied to the following amounts included in revenues in the condensed consolidated statements of operations from arrangements for which VSOE of fair value does not exist for each undelivered element:


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2014		2013		2014		2013
Software license fees	$	5,784	$	5,559	$	12,640	$	11,360
Maintenance fees		2,197		2,447		4,413		4,768
Services		5		—		13		3

Total	$	7,986	$	8,006	$	17,066	$	16,131

Newly Issued Accounting Standards

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updated (“ASU”) No. 2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standard Codification 605, Revenue Recognition, and most industry-specific guidance. The standard requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. This ASU is effective for fiscal years beginning after December 15, 2016, and for interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of ASU 2014-09 on its financial position, results of operations, and cash flow.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 275
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2134480

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 852
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2209116

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2197480

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2122150

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=28200181&loc=SL6228881-111685

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 272
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6373374&loc=d3e70478-108055

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 720
-SubTopic 15
-URI http://asc.fasb.org/subtopic&trid=2122524

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 915
-SubTopic 235
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6472506&loc=d3e38932-110933

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7668296&loc=d3e288-107754

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6367646&loc=d3e18780-107790

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=18733093&loc=d3e5614-111684

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6359566&loc=d3e326-107755

+ Details

Stock Split	6 Months Ended
Stock Split	Jun. 30, 2014
Text Block [Abstract]
Stock Split	2. Stock Split On April 10, 2014, the Company announced that its Board of Directors approved a three-for-one stock split of the Company’s common stock, which was affected in the form of a common stock dividend distributed on July 10, 2014. The Company’s par value remained $0.005 per common share, resulting in the necessity for an adjustment to increase the total common stock balance with an equal and offsetting adjustment to additional paid-in capital. Stockholders’ equity and all references to share and per share amounts in the accompanying condensed consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the three-for-one stock split for all periods presented.

Acquisitions

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Acquisitions

3. Acquisitions

Fiscal 2013 Acquisitions

In 2013, the Company completed three acquisitions at an aggregate cost of $378.1 million.

Official Payments Holdings, Inc.

On November 5, 2013, the Company completed the tender offer for OPAY and all its subsidiaries. The Company paid cash of $8.35 per share of common stock or approximately $139.8 million using funds on hand and $40 million drawn on the Revolving Credit Facility, which was repaid prior to December 31, 2013. The Company has included the financial results of OPAY in the consolidated financial statements from the date of acquisition. As a leading provider of electronic bill payment solutions in the U.S., serving federal, state and local governments, municipal utilities, higher education institutions and charitable giving organizations, OPAY’s team, user base and vertical expertise made it an ideal match for the Company. The acquisition further extended the Company’s presence in the Electronic Bill Presentment and Payment (“EBPP”) space, expanding its portfolio across key sectors including federal, state and local governments, municipal utilities, higher education institutions and charitable giving organizations.

Each outstanding option to acquire OPAY common stock was cancelled and terminated at the effective time of the acquisition and converted into the right to receive cash with respect to the number of shares of OPAY common stock that would have been issuable upon a net exercise of such option, assuming the market value of the OPAY common stock at the time of such exercise was equal to the $8.35 per common stock tender offer. Any outstanding option with a per share exercise price that was greater than or equal to such amount was cancelled and terminated and no payment was made with respect thereto. In addition, each OPAY restricted stock unit award outstanding immediately prior to the effective time of the tender offer was fully vested and cancelled, and each holder of such awards became entitled to receive the $8.35 per common stock tender offer for each share of OPAY common stock into which the vested portion of the awards would otherwise have been converted.

The consideration paid by the Company to complete the acquisition of OPAY has been allocated preliminarily to the assets acquired and liabilities assumed based upon their estimated fair values as of the date of the acquisition. The allocation of purchase price is based upon certain external valuations and other analyses that have not been completed as of the date of this filing, including, but not limited to, property, intangible assets, and certain tax matters. Accordingly, the purchase price allocations are preliminary and are subject to future adjustments during the maximum one-year allocation period.

The Company made adjustments to the preliminary purchase price allocation as additional information became available for acquired intangibles and intellectual property, certain accruals and tax account balances. These adjustments and any resulting adjustments to the statements of operations were not material to the Company’s previously reported operating results or financial position.

Factors contributing to the purchase price that resulted in the goodwill (which is not tax deductible) include the acquisition of management, sales, and technology personnel with the skills to market new and existing products of the Company, enhanced product capabilities, complementary products and customers.

Online Resources Corporation

On March 11, 2013, the Company completed the tender offer for ORCC and all its subsidiaries. The Company paid cash of $3.85 per share of common stock for approximately $132.9 million and $127.2 million for the Series A-1 Convertible Preferred Stock for a total purchase price of $260.1 million (the “Merger”). The Company has included the financial results of ORCC in the consolidated financial statements from the date of acquisition. As a leading provider of online banking and full service bill pay solutions, the acquisition of ORCC added EBPP solutions as a strategic part of ACI’s Universal Payments portfolio. It also strengthened the Company’s online banking capabilities with complementary technology, and expanded the Company’s leadership in serving community banking and credit union customers.

Each outstanding option to acquire ORCC common stock was cancelled and terminated at the effective time of the Merger and converted into the right to receive an equivalent number of options to purchase ACI common stock. Each ORCC restricted stock unit was vested immediately prior to the effective time of the Merger and received $3.85 per share.

The Company used funds from the $300.0 million of senior bank financing arranged through Wells Fargo Securities, LLC to fund the acquisition. See Note 4, Debt, for terms of the financing arrangement.

The consideration paid by the Company to complete the Merger has been allocated to the assets acquired and liabilities assumed based upon their estimated fair values as of the date of the acquisition. The allocation of purchase price is based upon certain external valuations and other analyses.

The Company made adjustments to finalize the purchase price allocation as additional information became available for certain accruals and deferred income taxes. These adjustments and any resulting adjustments to the statements of operations were not material to the Company’s previously reported operating results or financial position.

Profesionales en Transacciones Electronicas S.A.

During the first quarter of 2013, the Company acquired 100% of Profesionales en Transacciones Electronicas S.A. – Venezuela (“PTESA-V”), 100% of Profesionales en Transacciones Electronicas S.A. – Ecuador (“PTESA-E”), and the ACI related assets of Profesionales en Transacciones Electronicas S.A. – Colombia (“PTESA-C”), collectively “PTESA”. The common stock of PTESA-E and PTESA-V were acquired for $2.8 million and the assets of PTESA-C were acquired for $11.4 million, for a total aggregate purchase price of $14.2 million paid in cash. The Company has included the financial results of PTESA in our consolidated financial statements from the date of acquisition. PTESA had been a long-term partner of the Company, serving customers in South America in sales, service and support functions. The addition of the PTESA team to the Company reinforces its commitment to serve the Latin American market.

Factors contributing to the purchase price that resulted in the goodwill (approximately $1.5 million of which is not tax deductible) include the acquisition of management, sales, and services personnel with the skills to market and support products of the Company in the Latin America region. Pro forma results are not presented because they are not material.

In connection with the acquisitions, the Company recorded the following amounts based upon its purchase price allocations as of June 30, 2014. The purchase price allocation for OPAY is considered preliminary and is subject to completion of valuations and other analyses.


(in thousands, except weighted average useful lives)	Weighted-Average Useful Lives	Official Payments Holdings, Inc.		Online Resources Corporation		PTESA
Current assets:
Cash and cash equivalents		$	25,871	$	9,930	$	193
Billed and accrued receivables, net			2,858		19,394		327
Deferred income taxes, net			2,443		11,726		—
Other current assets			27,779		17,643		95

Total current assets acquired			58,951		58,693		615

Noncurrent assets:
Property and equipment			8,141		7,335		6
Goodwill			40,549		122,247		7,113
Software	10 years		25,113		62,215		7,732
Customer relationships	14 - 15 years		47,400		68,750		—
Trademarks	3 - 5 years		3,000		3,050		—
Other noncurrent assets			7,269		459		7

Total assets acquired			190,423		322,749		15,473

Current liabilities:
Accounts payable			8,839		15,394		341
Employee compensation			15,006		10,549		261
Note payable			—		7,500		—
Other current liabilities			25,968		7,559		—

Total current liabilities acquired			49,813		41,002		602

Noncurrent liabilities:
Deferred income taxes, net			—		18,290		225
Other noncurrent liabilities			828		3,339		439

Total liabilities acquired			50,641		62,631		1,266

Net assets acquired		$	139,782	$	260,118	$	14,207

OPAY and ORCC contributed approximately $75.4 million in revenue and $5.2 million in operating income for the three months ended June 30, 2014, which includes significant transaction related expenses related to integration activities. OPAY and ORCC contributed approximately $147.1 million in revenue and $13.9 million in operating income for the six months ended June 30, 2014, which includes significant transaction related expenses related to integration activities.

ORCC contributed approximately $38.4 million in revenue and $1.6 million in operating income for the three months ended June 30, 2013, which includes significant transaction related expenses related to integration activities. ORCC contributed approximately $47.2 million in revenue and $0.5 million in operating income for the six months ended June 30, 2013, which includes significant transaction related expenses related to integration activities.

Unaudited Pro Forma Financial Information

The pro forma financial information in the table below presents the combined results of operations for ACI, ORCC and OPAY as if the acquisitions had occurred January 1, 2012 (in thousands, except per share data). The pro forma information is shown for illustrative purposes only and is not necessarily indicative of future results of operations of the Company or results of operations of the Company that would have actually occurred had the transactions been in effect for the periods presented. This pro forma information is not intended to represent or be indicative of actual results had the acquisition occurred as of the beginning of each period, nor is it necessarily indicative of future results and does not reflect potential synergies, integration costs, or other such costs or savings. Certain pro forma adjustments have been made to net income for the three and six months ended June 30, 2013 to give effect to estimated adjustments to expenses to remove the amortization on eliminated OPAY and ORCC historical identifiable intangible assets and add amortization expense for the value of identified intangibles acquired in the acquisitions (primarily acquired software, customer relationships, trade names, and covenants not to compete), adjustments to interest expense to reflect the elimination of preexisting OPAY and ORCC debt and add estimated interest expense on the Company’s additional Term Credit Facility borrowings and to eliminate share-based compensation expense for eliminated positions. Additionally, certain transaction expenses that are a direct result of the acquisitions have been excluded from the three and six months ended June 30, 2013.


(in thousands, except per share data)	Pro Forma Results of Operations for the Three Months Ended		Pro Forma Results of Operations for the Six Months Ended
(in thousands, except per share data)	June 30, 2013		June 30, 2013
Total Revenues	$	253,623	$	481,783
Net Income		5,487		2,372
Income per share
Basic	$	0.05	$	0.02
Diluted	$	0.05	$	0.02

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1497-128463

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1490-128463

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1392-128463

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7008-128479

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1486-128463

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6927-128479

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4845-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1500-128463

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1524-128463

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e7000-128479

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4922-128472

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4934-128472

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4926-128472

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=25497992&loc=d3e1383-128463

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 805
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7488404&loc=d3e6996-128479

+ Details

Debt

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Debt

4. Debt

As of June 30, 2014, the Company had $15.0 million, $437.6 million and $300.0 million outstanding under our Revolving Credit Facility, Term Credit Facility and Senior Notes, respectively, with up to $235.0 million of unused borrowings under the Revolving Credit Facility portion of the Credit Agreement, as amended. The amount of unused borrowings actually available varies in accordance with the terms of the agreement.

Credit Agreement

The Company entered into the Credit Agreement (the “Credit Agreement”), as amended, with a syndicate of financial institutions, as lenders, and Wells Fargo Bank, National Association (“Wells Fargo”), as Administrative Agent, providing for revolving loans, swingline loans, letters of credit and a term loan on November 10, 2011. The Credit Agreement consists of a five-year $250 million senior secured revolving credit facility (the “Revolving Credit Facility”), which includes a sublimit for the issuance of standby letters of credit and a sublimit for swingline loans, and a five-year $500 million senior secured term loan facility (the “Term Credit Facility” and, together with the Revolving Credit Facility, the “Credit Facility”). The Credit Agreement also allows the Company to request optional incremental term loans and increases in the revolving commitment.

On August 20, 2013, upon the consummation of the offering of the 6.375% Senior Notes due in 2020 (the “Senior Notes”), the Fourth Amendment to the Credit Agreement originally entered into on November 10, 2011, became effective. The Fourth Amendment, among other things, extended the maturity date of the loans under the credit facility to August 20, 2018, and increased the amount the Company may request for optional incremental term loans and/or increases in the revolving commitment from $200 million to $300 million. The Fourth Amendment does not impact the interest rate schedule previously applied to the Credit Agreement.

Borrowings under the Credit Facility bear interest at a rate per annum equal to, at the Company’s option, either (a) a base rate determined by reference to the highest of (1) the rate of interest per annum publicly announced by the Administrative Agent as its Prime Rate, (2) the federal funds effective rate plus 1/2 of 1% and (3) a LIBOR based rate determined by reference to the costs of funds for U.S. dollar deposits for a one-month interest period adjusted for certain additional costs plus 1% or (b) a LIBOR based rate determined by reference to the costs of funds for U.S. dollar deposits for the interest period relevant to such borrowing adjusted for certain additional costs, in each case plus an applicable margin. The applicable margin for borrowings under the Revolving Credit Facility is, based on the calculation of the applicable consolidated total leverage ratio, between 0.50% to 1.50% with respect to base rate borrowings and between 1.50% and 2.50% with respect to LIBOR based borrowings. Interest is due and payable monthly. The interest rate in effect at June 30, 2014 for the Credit Facility was 2.40%.

In addition to paying interest on the outstanding principal under the Credit Facility, the Company is required to pay a commitment fee in respect of the unutilized commitments under the Revolving Credit Facility, payable quarterly in arrears. The Company is also required to pay letter of credit fees on the maximum amount available to be drawn under all outstanding letters of credit in an amount equal to the applicable margin on LIBOR based borrowings under the Revolving Credit Facility on a per annum basis, payable quarterly in arrears, as well as customary fronting fees for the issuance of letters of credit fees and agency fees.

The Company is permitted to voluntarily reduce the unutilized portion of the commitment amount and repay outstanding loans under the Credit Facility at any time without premium or penalty, other than customary “breakage” costs with respect to LIBOR based loans.

Senior Notes

On August 20, 2013, the Company completed a $300 million offering of Senior Notes at an issue price of 100% of the principal amount in a private placement for resale to qualified institutional buyers. The Senior Notes bear an interest rate of 6.375% per annum, payable semi-annually in arrears on August 15 and February 15 of each year, commencing on February 15, 2014. Interest began accruing on August 20, 2013. The Senior Notes will mature on August 15, 2020.

Maturities on long-term debt outstanding at June 30, 2014 are as follows:


Fiscal year ending December 31,
(in thousands)
2014	$	29,570
2015		65,055
2016		70,969
2017		70,969
2018		216,078
Thereafter		300,000

Total	$	752,641

The Credit Agreement and Senior Notes also contain certain customary mandatory prepayment provisions. If certain events, as specified in the Credit Agreement or Senior Notes agreement, shall occur, the Company may be required to repay all or a portion of the amounts outstanding under the Credit Facility or Senior Notes.

The Credit Facility will mature on August 20, 2018 and the Senior Notes will mature on August 15, 2020. The Revolving Credit Facility and Senior Notes will not amortize and the Term Credit Facility will amortize, with principal payable in consecutive quarterly installments.

The Company’s obligations and the obligations of the guarantors under the Guaranty and cash management arrangements entered into with lenders under the Credit Facility (or affiliates thereof) are secured by first-priority security interests in substantially all assets of the Company and any guarantor, including 100% of the capital stock of ACI Corporation and each domestic subsidiary of the Company, each domestic subsidiary of any guarantor and 65% of the voting capital stock of each foreign subsidiary of the Company that is directly owned by the Company or a guarantor, and in each case, is subject to certain exclusions set forth in the credit documentation governing the Credit Facility.

The Credit Agreement and Senior Notes contain certain customary affirmative covenants and negative covenants that limit or restrict, subject to certain exceptions, the incurrence of liens, indebtedness of subsidiaries, mergers, advances, investments, acquisitions, transactions with affiliates, change in nature of business and the sale of the assets. The Company is also required to maintain a consolidated leverage ratio at or below a specified amount and a consolidated fixed charge coverage ratio at or above a specified amount. If an event of default, as specified in the Credit Agreement and Senior Notes agreement, shall occur and be continuing, the Company may be required to repay all amounts outstanding under the Credit Facility and Senior Notes. As of June 30, 2014, and at all times during the period, the Company was in compliance with its financial debt covenants.

The fair value of our Credit Agreement approximates the carrying value due to the floating interest rate (Level 2 of the fair value hierarchy). The fair value of our Senior Notes approximates the carrying value at June 30, 2014 based upon prevailing interest rates and the Company’s credit rating (Level 2 of the fair value hierarchy).


(in thousands)	As of June 30, 2014		As of December 31, 2013
Term credit facility	$	437,641	$	455,383
Revolving credit facility		15,000		—
6.375% Senior Notes, due August 2020		300,000		300,000

Total debt		752,641		755,383
Less current portion of term credit facility		59,141		47,313

Total long-term debt	$	693,500	$	708,070

Stock-Based Compensation Plans

6 Months Ended

Jun. 30, 2014

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Plans

5. Stock-Based Compensation Plans

Employee Stock Purchase Plan

Under the Company’s 1999 Employee Stock Purchase Plan, as amended (the “ESPP”), a total of 4,500,000 shares of the Company’s common stock have been reserved for issuance to eligible employees. Participating employees are permitted to designate up to the lesser of $25,000 or 10% of their annual base compensation for the purchase of common stock under the ESPP. Purchases under the ESPP are made one calendar month after the end of each fiscal quarter. The price for shares of common stock purchased under the ESPP is 85% of the stock’s fair market value on the last business day of the three-month participation period. Shares issued under the ESPP during the six months ended June 30, 2014 and 2013 totaled 68,079 and 60,762, respectively.

Stock-Based Payments

A summary of stock options issued pursuant to the Company’s stock incentive plans is as follows:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options
Outstanding as of December 31, 2013		7,408,821		$	11.02
Granted		27,132			20.13
Exercised		(542,391	)		7.57
Forfeited or expired		(62,895	)		17.25

Outstanding as of June 30, 2014		6,830,667		$	11.28		5.43	$	51,913,490

Exercisable as of June 30, 2014		5,002,719		$	9.19		4.19	$	47,115,588

As of June 30, 2014, the Company expects that 93.4% of the options will vest over the vesting period.

The weighted-average grant date fair value of stock options granted during the six months ended June 30, 2014 and 2013 was $9.02 and $8.02, respectively. The Company issued treasury shares for the exercise of stock options during the six months ended June 30, 2014 and 2013. The total intrinsic value of stock options exercised during the six months ended June 30, 2014 and 2013 was $6.6 million and $6.0 million, respectively.

The fair value of options granted during the three and six months ended June 30, 2014 and 2013 was estimated on the date of grant using the Black-Scholes option-pricing model, a pricing model acceptable under U.S. GAAP, with the following weighted-average assumptions:


	Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2014			June 30, 2013			June 30, 2013
Expected life (years)		5.93			9.57			8.70
Interest rate		1.8	%		2.1	%		1.8	%
Volatility		45.2	%		46.9	%		47.6	%
Dividend yield		—			—			—

Expected volatilities are based on the Company’s historical common stock volatility derived from historical stock price data for historical periods commensurate with the options’ expected life. The expected life is the average number of years that the Company estimated that the options will be outstanding, based primarily on historical employee option exercise behavior. The risk-free interest rate is based on the implied yield currently available on United States Treasury zero coupon issues with a term equal to the expected term at the date of grant of the options. The expected dividend yield is zero as the Company has historically paid no dividends and does not anticipate dividends to be paid in the future.

Stock Incentive Plan – ORCC Corporation Stock Incentive Plan, as amended and restated

In relation to the acquisition of ORCC discussed in Note 3, the Company amended the ORCC Stock Incentive Plan, as previously amended and restated (the “ORCC Incentive Plan”). Stock options were granted to ORCC employees by ORCC prior to acquisition by the Company under the ORCC Incentive Plan. Outstanding ORCC options were converted into ACI options in accordance with the terms of the Transaction Agreement. These are the only equity awards currently outstanding under the ORCC Incentive Plan and no further grants will be made.

A summary of transaction stock options issued pursuant to the Company’s stock incentive plans is as follows:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options
Outstanding as of December 31, 2013		62,445		$	35.03
Exercised		(909	)		13.92
Expired		(12,867	)		30.80

Outstanding as of June 30, 2014		48,669		$	36.54		2.05	$	34,303

Exercisable as of June 30, 2014		48,669		$	36.54		2.05	$	34,303

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of June 30, 2014 and changes during the period are as follows:


Nonvested LTIP Performance Shares	Number of Shares at Expected Attainment			Weighted- Average Grant Date Fair Value
Nonvested as of December 31, 2013		2,718,576		$	13.79
Granted		19,065			20.13
Forfeited		(67,344	)		15.28
Vested		(635,643	)		8.88
Change in attainment for 2010 grants		26,226			8.88

Nonvested as of June 30, 2014		2,060,880		$	15.25

During the six months ended June 30, 2014, 635,643 shares of the LTIPs vested. The Company withheld 228,279 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.

A summary of nonvested restricted share awards (“RSAs”) as of June 30, 2014 and changes during the period are as follows:


	Number of
	Restricted			Weighted-Average Grant
Nonvested Restricted Share Awards	Share Awards			Date Fair Value
Nonvested as of December 31, 2013		145,065		$	14.91
Granted		94,773			18.47
Vested		(5,802	)		12.69
Forfeited		(1,461	)		20.51

Nonvested as of June 30, 2014		232,575		$	16.38

During the six months ended June 30, 2014, 5,802 shares of the RSAs vested. The Company withheld 1,908 of those shares to pay the employees’ portion of the minimum payroll withholding taxes.

Stock Incentive Plan – S1 Corporation 2003 Stock Incentive Plan, as amended and restated

In relation to the acquisition of S1 Corporation (“S1”) in 2012, the Company amended the S1 Corporation 2003 Stock Incentive Plan, as previously amended and restated (the “S1 2003 Incentive Plan”). Restricted share awards (“RSAs) were granted to S1 employees by S1 Corporation prior to the acquisition by the Company in accordance with the terms of the Transaction Agreement (“Transaction RSAs”) under the S1 2003 Incentive Plan. These are the only equity awards currently outstanding under the S1 2003 Incentive Plan and no further grants will be made.

Under the terms of the Transaction Agreement with S1, upon the acquisition, the S1 Transaction RSAs were converted to RSAs of the Company’s stock. These awards have requisite service periods of four years and vest in increments of 25% on the anniversary of the original grant date of November 9, 2011. If an employee was terminated without cause within 12 months from the acquisition date, the RSAs 100% vest. Stock is issued without direct cost to the employee. The RSA grants provide for the payment of dividends on the Company’s common stock, if any, to the participant during the requisite service period (vesting period) and the participant has voting rights for each share of common stock. The conversion of the Transaction RSAs was treated as a modification and as such, they were valued immediately prior to and after modification. The Company recognizes compensation expense for RSAs on a straight-line basis over the requisite service period. The incremental fair value as measure upon modification will be recognized on a straight-line basis from modification date through the end of the requisite service period.

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of June 30, 2014 and changes during the period are as follows:


	Number of
	Restricted			Weighted-Average Grant
Nonvested Transaction Restricted Share Awards	Share Awards			Date Fair Value
Nonvested as of December 31, 2013		57,552		$	11.80
Forfeited		(12,993	)		11.80

Nonvested as of June 30, 2014		44,559		$	11.80

As of June 30, 2014, there were unrecognized compensation costs of $9.8 million related to nonvested stock options, $3.2 million related to the nonvested RSAs, and $16.9 million related to the LTIP performance shares, which the Company expects to recognize over weighted-average periods of 2.1 years, 1.2 years and 2.1 years, respectively.

The Company recorded stock-based compensation expenses for the three months ended June 30, 2014 and 2013 related to stock options, LTIP performance shares, RSAs, and the ESPP of $4.4 million and $3.8 million, respectively, with corresponding tax benefits of $1.7 million and $1.4 million, respectively. The Company recorded stock-based compensation expenses for the six months ended June 30, 2014 and 2013 related to stock options, LTIP performance shares, RSAs, and the ESPP of $9.2 million and $7.7 million, respectively, with corresponding tax benefits of $3.5 million and $2.9 million, respectively. Tax benefits in excess of the option’s grant date fair value are classified as financing cash flows. Estimated forfeiture rates, stratified by employee classification, have been included as part of the Company’s calculations of compensation costs. The Company recognizes compensation costs for stock option awards that vest with the passage of time with only service conditions on a straight-line basis over the requisite service period.

Cash received from option exercises for the six months ended June 30, 2014 and 2013 was $4.1 million and $5.6 million, respectively. The actual tax benefit realized for the tax deductions from option exercises totaled $2.5 million and $2.3 million for the six months ended June 30, 2014 and 2013, respectively.

Software and Other Intangible Assets

6 Months Ended

Jun. 30, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Software and Other Intangible Assets

6. Software and Other Intangible Assets

At June 30, 2014, software net book value totaling $191.5 million, net of $110.2 million of accumulated amortization, includes the net book value of software marketed for external sale of $88.2 million. The remaining software net book value of $103.3 million is comprised of various software that has been acquired or developed for internal use.

At December 31, 2013, software net book value totaled $191.5 million, net of $95.3 million of accumulated amortization. Included in this amount is software marketed for external sale of $94.0 million. The remaining software net book value of $97.5 million is comprised of various software that has been acquired or developed for internal use.

Quarterly amortization of software marketed for external sale is computed using the greater of the ratio of current revenues to total estimated revenues expected to be derived from the software or the straight-line method over an estimated useful life of three to ten years. Software for resale amortization expense recorded in the three months ended June 30, 2014 and 2013 totaled $3.6 million and $3.5 million, respectively. These software amortization expense amounts are reflected in cost of software license fees in the condensed consolidated statements of operations. Software for resale amortization expense recorded in the six months ended June 30, 2014 and 2013 totaled $7.1 million and $6.7 million, respectively. These software amortization expense amounts are reflected in cost of software license fees in the condensed consolidated statements of operations.

Quarterly amortization of software for internal use is computed using the straight-line method over an estimated useful life of three to ten years. Software for internal use includes software acquired through acquisitions that is used to provide certain of our hosted offerings. Amortization of software for internal use of $6.0 million and $4.4 million for the three months ended June 30, 2014 and 2013, respectively, is included in depreciation and amortization in the condensed consolidated statements of operations. Amortization of software for internal use of $11.2 million and $7.8 million for the six months ended June 30, 2014 and 2013, respectively, is included in depreciation and amortization in the condensed consolidated statements of operations.

The carrying amount and accumulated amortization of the Company’s other intangible assets that were subject to amortization at each balance sheet date are as follows:


	June 30, 2014							December 31, 2013
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Balance		Gross Carrying Amount		Accumulated Amortization			Net Balance
Customer relationships	$	278,974	$	(60,352	)	$	218,622	$	277,356	$	(49,410	)	$	227,946
Trademarks and tradenames		11,953		(6,145	)		5,808		13,995		(4,383	)		9,612
Purchased Contracts		10,920		(10,920	)		—		10,865		(10,865	)		—
Covenant not to compete		440		(365	)		75		438		(303	)		135

	$	302,287	$	(77,782	)	$	224,505	$	302,654	$	(64,961	)	$	237,693

Other intangible assets amortization expense for the three months ended June 30, 2014 and 2013 totaled $5.8 million and $4.8 million, respectively. Other intangible assets amortization expense for the six months ended June 30, 2014 and 2013 totaled $12.3 million and $8.6 million, respectively.

Based on capitalized software and other intangible assets at June 30, 2014, estimated amortization expense for future fiscal years is as follows:


Fiscal Year Ending December 31,	Software Amortization		Other Intangible Assets Amortization
(in thousands)
Remainder of 2014	$	19,639	$	11,084
2015		33,716		19,659
2016		29,485		18,516
2017		23,402		17,009
2018		21,003		16,497
2019		18,697		16,172
Thereafter		45,523		125,568

Total	$	191,465	$	224,505

Corporate Restructuring and Other Organizational Changes

6 Months Ended

Jun. 30, 2014

Restructuring And Related Activities [Abstract]

Corporate Restructuring and Other Organizational Changes

7. Corporate Restructuring and Other Organizational Changes

2014 Activities

During the six months ended June 30, 2014, the Company reduced its headcount as a part of its integration of its recent acquisitions. In connection with these actions, approximately $1.0 million and $2.8 million of termination costs were recognized in general and administrative expense in the accompanying condensed consolidated statements of operations during the three and six months ended June 30, 2014, respectively. The charges by segment were as follows for the three months ended June 30, 2014: $0.4 million in the Americas segment, $0.4 million in the Asia/Pacific segment, and $0.2 million in the EMEA segment. The charges by segment were as follows for the six months ended June 30, 2014: $2.1 million in the Americas segment, $0.5 million in the Asia/Pacific segment, and $0.2 million in the EMEA segment. Approximately $3.3 million of termination costs were paid during the six months ended June 30, 2014. The remaining liability is expected to be paid over the next 12 months.

2013 Activities

During the six months ended June 30, 2013, the Company reduced its headcount as a part of its integration of its recent acquisitions. In connection with these actions, approximately $2.1 million and $3.7 million of termination costs were recognized in general and administrative expense in the accompanying consolidated statements of operations during the three and six months ended June 30, 2013, respectively. The charges for the three and six months ended June 30, 2013 were $0.3 million in the EMEA segment and $0.3 million in the Asia/Pacific segment. The remaining expense of $1.5 million and $3.1 million was incurred in the Americas region for the three and six months ended June 30, 2013, respectively.

The components of corporate restructuring and other reorganization activities from the recent acquisitions are included in the following table:


(in thousands)	Severance			Facility Closures			Total
Balance, December 31, 2013	$	1,470		$	1,871		$	3,341
Restructuring charges (adjustments) incurred		2,798			(196	)		2,602
Amounts paid during the period		(3,270	)		(946	)		(4,216	)
Foreign currency translation		(1	)		—			(1	)

Balance, June 30, 2014	$	997		$	729		$	1,726

The $1.0 million for unpaid severance is included in employee compensation and the $0.7 million for unpaid facility closures is included in other current liabilities in the accompanying condensed consolidated balance sheet at June 30, 2014.

Common Stock and Treasury Stock	6 Months Ended
Common Stock and Treasury Stock	Jun. 30, 2014
Equity [Abstract]
Common Stock and Treasury Stock	8. Common Stock and Treasury Stock As of December 31, 2011, the Company’s Board of Directors had approved a stock repurchase program authorizing the Company, from time to time as market and business conditions warrant, to acquire up to $210 million of its common stock. In February 2012, the Company’s Board of Directors approved an increase of $52.1 million to their current stock repurchase authorization, bringing the total authorization to $262.1 million. On September 13, 2012, the Company’s Board of Directors approved the repurchase of up to 7,500,000 shares of the Company’s common stock, or up to $113.0 million in place of the remaining repurchase amounts previously authorized. In July 2013, the Company’s Board of Directors approved an additional $100 million for the stock repurchase program. In February 2014, the Company’s Board of Directors again approved an additional $100 million for the stock repurchase program. The Company repurchased 3,578,427 shares for $70.0 million under the program during the six months ended June 30, 2014. Under the program to date, the Company has repurchased 37,108,467 shares for approximately $395.8 million. The maximum remaining authorized for purchase under the stock repurchase program was approximately $138.3 million as of June 30, 2014.

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.29-31)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Earnings Per Share

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Earnings Per Share

9. Earnings Per Share

Basic earnings (loss) per share is computed on the basis of weighted average outstanding common shares. Diluted earnings (loss) per share is computed on the basis of basic weighted average outstanding common shares adjusted for the dilutive effect of stock options and other outstanding dilutive securities.

The following table reconciles the average share amounts used to compute both basic and diluted earnings (loss) per share (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Weighted average shares outstanding:
Basic weighted average shares outstanding		113,907		119,505		114,663		118,781
Add: Dilutive effect of stock options and restricted stock awards		2,070		1,997		2,149		—

Diluted weighted average shares outstanding		115,977		121,502		116,812		118,781

The diluted earnings per share computation excludes 3.2 million options to purchase shares, restricted share awards, and contingently issuable shares during the three and six months ended June 30, 2014 as their effect would be anti-dilutive. The diluted earnings (loss) per share computation excludes 4.9 million and 11.2 million options to purchase shares, restricted share awards, and contingently issuable shares during the three and six months ended June 30, 2013, respectively, as their effect would be anti-dilutive

Common stock outstanding as of June 30, 2014 and December 31, 2013 was 114,083,694 and 116,564,967, respectively.

Other, net

6 Months Ended

Jun. 30, 2014

Other Income And Expenses [Abstract]

Other, net

10. Other, net

Other, net is comprised of the following items:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2014			2013			2014			2013
Foreign currency transaction gains (losses)	$	(3,819	)	$	(1,338	)	$	(4,769	)	$	2,128
Other		(82	)		(181	)		(189	)		(482	)

Total	$	(3,901	)	$	(1,519	)	$	(4,958	)	$	1,646

Segment Information

6 Months Ended

Jun. 30, 2014

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 (loss), for the geographic regions of the Americas, EMEA and Asia/Pacific and the Corporate line item. 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 line item. 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 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 reportable segments. Corporate overhead costs relate to human resources, finance, legal, accounting, merger and acquisition activity and amortization of acquisition-related intangibles and other costs that are not considered when management evaluates segment performance.

The following is selected segment financial data for the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2014			2013			2014			2013
Revenues:
Americas	$	177,745		$	138,379		$	332,514		$	232,692
EMEA		57,350			46,719			104,811			94,290
Asia/Pacific		19,713			20,732			38,956			40,845

	$	254,808		$	205,830		$	476,281		$	367,827

Income (loss) before income taxes:
Americas	$	26,074		$	30,325		$	43,033		$	43,292
EMEA		24,669			13,153			42,340			28,208
Asia/Pacific		10,428			3,347			16,082			9,187
Corporate		(47,525	)		(42,664	)		(97,551	)		(81,136	)

	$	13,646		$	4,161		$	3,904		$	(449	)


	June 30,		December 31,
(in thousands)	2014		2013
Total assets:
Americas—United States	$	1,091,472	$	1,129,064
Americas—Other		38,375		39,995
EMEA		361,477		380,320
Asia/Pacific		122,880		132,472

	$	1,614,204	$	1,681,851

No single customer accounted for more than 10% of the Company’s consolidated revenues during the three and six months ended June 30, 2014 and 2013. No other country outside the United States accounted for more than 10% of the Company’s consolidated revenues during the three and six months ended June 30, 2014 and 2013.

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

+ Details

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Income Taxes	12. Income Taxes The effective tax rate for the three months ended June 30, 2014 and June 30, 2013 was 17.7% and 54.8%, respectively. The earnings of the Company’s foreign entities for the three months ended June 30, 2014 and June 30, 2013 were $18.6 million and $2.5 million. The tax rates in the foreign jurisdictions in which the Company operates are less than the domestic tax rate. The effective tax rate for the three months ended June 30, 2014 was positively impacted by profits in certain foreign jurisdictions taxed at lower rates and domestic losses taxed at higher rates, partially offset by losses in other foreign jurisdictions taxed at lower rates. The effective tax rate for the three months ended June 30, 2013 was positively impacted by foreign profits taxed at lower rates. The effective tax rate for the three months ended June 30, 2013 was negatively impacted by acquisition related expenses that are not deductible for tax purposes. The Company reported a tax benefit for the six months ended June 30, 2014 while reporting a pretax profit for the same period. The resulting effective tax rate is negative. The effective tax rate for the six months ended June 30, 2013 was a benefit of 36.5%. The earnings of the Company’s foreign entities for the six months ended June 30, 2014 and June 30, 2013 were $24.2 million and $11.4 million. The tax rates in the foreign jurisdictions in which the Company operates are less than the domestic tax rate. The effective tax rate for the six months ended June 30, 2014 was positively impacted by profits in certain foreign jurisdictions taxed at lower rates and domestic losses taxed at higher rates, partially offset by losses in other foreign jurisdictions taxed at lower rates. The effective tax rate for the six months ended June 30, 2013 was positively impacted by foreign profits taxed at lower rates and a domestic loss taxed at a higher rate as well as recognition of $1.4 million tax benefit as a result of implementing the 2012 American Taxpayer Relief Act. The effective tax rate for the six months ended June 30, 2013 was negatively impacted by acquisition related expenses that are not deductible for tax purposes as well as an increase in the valuation allowance against foreign tax credits as a result of the acquisition of ORCC. The Company’s effective tax rate could fluctuate significantly on a quarterly basis and could be negatively affected to the extent earnings are lower in the countries in which it operates that have a lower statutory rate or higher in the countries in which it operates that have a higher statutory rate or to the extent it has losses sustained in countries where the future utilization of losses are uncertain. The Company’s effective tax rate could also fluctuate due to changes in the valuation of its deferred tax assets or liabilities, or by changes in tax laws, regulations, accounting principles, or interpretations thereof. In addition, the Company is occasionally subject to examination of its income tax returns by tax authorities in the jurisdictions it operates. The Company regularly assesses the likelihood of adverse outcomes resulting from these examinations to determine the adequacy of its provision for income taxes. The amount of unrecognized tax benefits for uncertain tax positions was $14.7 million as of June 30, 2014 and $15.0 million as of December 31, 2013, excluding related liabilities for interest and penalties of $2.2 million and $2.3 million as of June 30, 2014 and December 31, 2013, respectively. The Company believes it is reasonably possible that the total amount of unrecognized tax benefits will decrease within the next 12 months by approximately $0.8 million, due to the settlement of various audits and the expiration of statutes of limitation.

Commitments and Contingencies	6 Months Ended
Commitments and Contingencies	Jun. 30, 2014
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	13. Commitments and Contingencies Legal Proceedings From time to time, the Company is involved in various litigation matters arising in the ordinary course of its business. The Company is not currently a party to any legal proceedings, the adverse outcome of which, individually or in the aggregate, the Company believes would be likely to have a material effect on the Company’s financial condition, results of operations or cash flows. Indemnities Under certain customer contracts, the Company indemnifies customers for certain matters including third party claims of intellectual property infringement relating to the use of our products. Our maximum potential exposure under indemnification arrangements can range from a specified dollar amount to an unlimited amount, depending on the nature of the transactions and the agreements. The Company has recorded an accrual for estimated losses for demands for indemnification that have been tendered by certain customers. The Company does not have any reason to believe that we will be required to make any material payments under these indemnity provisions in excess of the balance accrued at June 30, 2014.

Subsequent Events	6 Months Ended
Subsequent Events	Jun. 30, 2014
Subsequent Events [Abstract]
Subsequent Events	14. Subsequent Events On July 21, 2014, the Company announced it entered into a definitive transaction agreement to acquire Retail Decisions (“ReD”) for $205 million in cash to be financed using the Company’s existing Revolving Credit Facility and an incremental term loan. ReD is a leader in fraud prevention solutions and their technology and software solutions will bring the Company a proven, global SaaS-based ecommerce offering with integrated fraud detection/management. The transaction is expected to close during the three months ended September 30, 2014. On July 21, 2014, the Company entered into a commitment letter (the “Commitment Letter”), pursuant to which, subject to the terms and conditions set forth therein, a syndicate of financial institutions committed to provide, as a source of funding for the transactions contemplated by the definitive transaction agreement to acquire ReD, financing of up to $150 million (the “Commitment”). The Commitment is subject to various customary conditions.

Condensed Consolidated Financial Statements (Policies)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Cash and cash equivalents

Cash and cash equivalents

The fair values of cash and cash equivalents approximate the carrying values due to the short period of time to maturity (Level 2 of the fair value hierarchy).

Receivables, net

Receivables, net


(in thousands)	June 30, 2014			December 31, 2013
Billed Receivables	$	179,512		$	173,100
Allowance for doubtful accounts		(4,722	)		(4,459	)

Billed, net		174,790			168,641
Accrued Receivables		32,111			34,934

Receivables, net	$	206,901		$	203,575

Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


(in thousands)	June 30, 2014		December 31, 2013
Settlement deposits	$	7,564	$	27,770
Settlement receivables		5,472		20,119
Current debt issuance costs		5,075		5,276
Other		11,773		12,163

Total other current assets	$	29,884	$	65,328


(in thousands)	June 30, 2014		December 31, 2013
Settlement payables	$	12,540	$	42,841
Accrued interest		7,219		7,074
Vendor financed licenses		7,123		6,410
Royalties payable		4,201		5,627
Other		24,556		33,064

Total other current liabilities	$	55,639	$	95,016

Off Balance Sheet Accounts

Off Balance Sheet Accounts

Accumulated Other Comprehensive Loss

Accumulated Other Comprehensive Loss

Goodwill

Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the six months ended June 30, 2014 were as follows:


(in thousands)	Americas			EMEA		Asia/ Pacific		Total
Gross Balance prior to December 31, 2013	$	488,698		$	160,158	$	67,793	$	716,649
Total impairment prior to December 31, 2013		(47,432	)		—		—		(47,432	)

Balance, December 31, 2013		441,266			160,158		67,793		669,217
Goodwill from acquisitions (1)		(3,192	)		—		—		(3,192	)
Foreign currency translation adjustments		238			312		1,991		2,541

Balance, June 30, 2014	$	438,312		$	160,470	$	69,784	$	668,566

(1)

Noncontrolling Interest

Noncontrolling Interest

On April 10, 2014, the Company dissolved its partnership in South Africa with Cornastone Technology Investments (Proprietary) Limited (“CTI”). As a result, the Company paid CTI approximately $1.5 million during the three months ended June 30, 2014 for CTI's noncontrolling interest and loan balance. Noncontrolling interest in this partnership of $1.1 million was included in other noncurrent liabilities as of December 31, 2013.

Revenue

Revenue

Vendor Specific Objective Evidence (“VSOE”)


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2014		2013		2014		2013
Software license fees	$	5,784	$	5,559	$	12,640	$	11,360
Maintenance fees		2,197		2,447		4,413		4,768
Services		5		—		13		3

Total	$	7,986	$	8,006	$	17,066	$	16,131

Newly Issued Accounting Standards

Newly Issued Accounting Standards

In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Updated (“ASU”) No. 2014-09, Revenue from Contracts with Customers. This ASU supersedes the revenue recognition requirements in Accounting Standard Codification 605, Revenue Recognition, and most industry-specific guidance. The standard requires that entities recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which a company expects to be entitled in exchange for those goods or services. This ASU is effective for fiscal years beginning after December 15, 2016, and for interim periods within those fiscal years. The Company is currently assessing the impact of the adoption of ASU 2014-09 on its financial position, results of operations, and cash flow.

Earnings per share

Segment Information

Condensed Consolidated Financial Statements (Tables)

6 Months Ended

Jun. 30, 2014

Accounting Policies [Abstract]

Receivables and Concentration of Credit Risk


(in thousands)	June 30, 2014			December 31, 2013
Billed Receivables	$	179,512		$	173,100
Allowance for doubtful accounts		(4,722	)		(4,459	)

Billed, net		174,790			168,641
Accrued Receivables		32,111			34,934

Receivables, net	$	206,901		$	203,575

Components of Other Current Assets and Other Current Liabilities

Other Current Assets and Other Current Liabilities


(in thousands)	June 30, 2014		December 31, 2013
Settlement deposits	$	7,564	$	27,770
Settlement receivables		5,472		20,119
Current debt issuance costs		5,075		5,276
Other		11,773		12,163

Total other current assets	$	29,884	$	65,328


(in thousands)	June 30, 2014		December 31, 2013
Settlement payables	$	12,540	$	42,841
Accrued interest		7,219		7,074
Vendor financed licenses		7,123		6,410
Royalties payable		4,201		5,627
Other		24,556		33,064

Total other current liabilities	$	55,639	$	95,016

Changes in Carrying Amount of Goodwill

Changes in the carrying amount of goodwill attributable to each reporting unit with goodwill balances during the six months ended June 30, 2014 were as follows:


(in thousands)	Americas			EMEA		Asia/ Pacific		Total
Gross Balance prior to December 31, 2013	$	488,698		$	160,158	$	67,793	$	716,649
Total impairment prior to December 31, 2013		(47,432	)		—		—		(47,432	)

Balance, December 31, 2013		441,266			160,158		67,793		669,217
Goodwill from acquisitions (1)		(3,192	)		—		—		(3,192	)
Foreign currency translation adjustments		238			312		1,991		2,541

Balance, June 30, 2014	$	438,312		$	160,470	$	69,784	$	668,566

(1)

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


(in thousands)	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2014		2013		2014		2013
Software license fees	$	5,784	$	5,559	$	12,640	$	11,360
Maintenance fees		2,197		2,447		4,413		4,768
Services		5		—		13		3

Total	$	7,986	$	8,006	$	17,066	$	16,131

Acquisitions (Tables)

6 Months Ended

Jun. 30, 2014

Business Combinations [Abstract]

Preliminary Purchase Price Allocation


(in thousands, except weighted average useful lives)	Weighted-Average Useful Lives	Official Payments Holdings, Inc.		Online Resources Corporation		PTESA
Current assets:
Cash and cash equivalents		$	25,871	$	9,930	$	193
Billed and accrued receivables, net			2,858		19,394		327
Deferred income taxes, net			2,443		11,726		—
Other current assets			27,779		17,643		95

Total current assets acquired			58,951		58,693		615

Noncurrent assets:
Property and equipment			8,141		7,335		6
Goodwill			40,549		122,247		7,113
Software	10 years		25,113		62,215		7,732
Customer relationships	14 - 15 years		47,400		68,750		—
Trademarks	3 - 5 years		3,000		3,050		—
Other noncurrent assets			7,269		459		7

Total assets acquired			190,423		322,749		15,473

Current liabilities:
Accounts payable			8,839		15,394		341
Employee compensation			15,006		10,549		261
Note payable			—		7,500		—
Other current liabilities			25,968		7,559		—

Total current liabilities acquired			49,813		41,002		602

Noncurrent liabilities:
Deferred income taxes, net			—		18,290		225
Other noncurrent liabilities			828		3,339		439

Total liabilities acquired			50,641		62,631		1,266

Net assets acquired		$	139,782	$	260,118	$	14,207

Pro Forma Results of Combined Company Operations


(in thousands, except per share data)	Pro Forma Results of Operations for the Three Months Ended		Pro Forma Results of Operations for the Six Months Ended
(in thousands, except per share data)	June 30, 2013		June 30, 2013
Total Revenues	$	253,623	$	481,783
Net Income		5,487		2,372
Income per share
Basic	$	0.05	$	0.02
Diluted	$	0.05	$	0.02

Debt (Tables)

6 Months Ended

Jun. 30, 2014

Debt Disclosure [Abstract]

Maturities on Long-Term Debt Outstanding

Maturities on long-term debt outstanding at June 30, 2014 are as follows:


Fiscal year ending December 31,
(in thousands)
2014	$	29,570
2015		65,055
2016		70,969
2017		70,969
2018		216,078
Thereafter		300,000

Total	$	752,641

Carrying Value of Senior Notes


(in thousands)	As of June 30, 2014		As of December 31, 2013
Term credit facility	$	437,641	$	455,383
Revolving credit facility		15,000		—
6.375% Senior Notes, due August 2020		300,000		300,000

Total debt		752,641		755,383
Less current portion of term credit facility		59,141		47,313

Total long-term debt	$	693,500	$	708,070

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

+ Details

Stock-Based Compensation Plans (Tables)

6 Months Ended

Jun. 30, 2014

Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of stock options issued pursuant to the Company’s stock incentive plans is as follows:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options
Outstanding as of December 31, 2013		7,408,821		$	11.02
Granted		27,132			20.13
Exercised		(542,391	)		7.57
Forfeited or expired		(62,895	)		17.25

Outstanding as of June 30, 2014		6,830,667		$	11.28		5.43	$	51,913,490

Exercisable as of June 30, 2014		5,002,719		$	9.19		4.19	$	47,115,588

Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions


	Six Months Ended			Three Months Ended			Six Months Ended
	June 30, 2014			June 30, 2013			June 30, 2013
Expected life (years)		5.93			9.57			8.70
Interest rate		1.8	%		2.1	%		1.8	%
Volatility		45.2	%		46.9	%		47.6	%
Dividend yield		—			—			—

Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period

A summary of nonvested long-term incentive program performance share awards (“LTIP performance shares”) outstanding as of June 30, 2014 and changes during the period are as follows:


Nonvested LTIP Performance Shares	Number of Shares at Expected Attainment			Weighted- Average Grant Date Fair Value
Nonvested as of December 31, 2013		2,718,576		$	13.79
Granted		19,065			20.13
Forfeited		(67,344	)		15.28
Vested		(635,643	)		8.88
Change in attainment for 2010 grants		26,226			8.88

Nonvested as of June 30, 2014		2,060,880		$	15.25

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested restricted share awards (“RSAs”) as of June 30, 2014 and changes during the period are as follows:


Nonvested Restricted Share Awards	Number of Restricted Share Awards			Weighted-Average Grant Date Fair Value
Nonvested as of December 31, 2013		145,065		$	14.91
Granted		94,773			18.47
Vested		(5,802	)		12.69
Forfeited		(1,461	)		20.51

Nonvested as of June 30, 2014		232,575		$	16.38

Online Resources Corporation

Summary of Stock Options Issued Pursuant to Stock Incentive Plans

A summary of transaction stock options issued pursuant to the Company’s stock incentive plans is as follows:


	Number of Shares			Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value of In-the-Money Options
Outstanding as of December 31, 2013		62,445		$	35.03
Exercised		(909	)		13.92
Expired		(12,867	)		30.80

Outstanding as of June 30, 2014		48,669		$	36.54		2.05	$	34,303

Exercisable as of June 30, 2014		48,669		$	36.54		2.05	$	34,303

S1 2003 Stock Incentive Plan

Summary of Nonvested Restricted Share Awards and Changes During Period

A summary of nonvested Transaction RSAs issued under the S1 2003 Stock Incentive Plan as of June 30, 2014 and changes during the period are as follows:


Nonvested Transaction Restricted Share Awards	Number of Restricted Share Awards			Weighted-Average Grant Date Fair Value
Nonvested as of December 31, 2013		57,552		$	11.80
Forfeited		(12,993	)		11.80

Nonvested as of June 30, 2014		44,559		$	11.80

Software and Other Intangible Assets (Tables)

6 Months Ended

Jun. 30, 2014

Goodwill And Intangible Assets Disclosure [Abstract]

Carrying Amount and Accumulated Amortization of Other Intangible Assets

The carrying amount and accumulated amortization of the Company’s other intangible assets that were subject to amortization at each balance sheet date are as follows:


	June 30, 2014							December 31, 2013
(in thousands)	Gross Carrying Amount		Accumulated Amortization			Net Balance		Gross Carrying Amount		Accumulated Amortization			Net Balance
Customer relationships	$	278,974	$	(60,352	)	$	218,622	$	277,356	$	(49,410	)	$	227,946
Trademarks and tradenames		11,953		(6,145	)		5,808		13,995		(4,383	)		9,612
Purchased Contracts		10,920		(10,920	)		—		10,865		(10,865	)		—
Covenant not to compete		440		(365	)		75		438		(303	)		135

	$	302,287	$	(77,782	)	$	224,505	$	302,654	$	(64,961	)	$	237,693

Estimated Amortization Expense for Future Fiscal Years Based on Capitalized Software and Other Intangible Assets

Based on capitalized software and other intangible assets at June 30, 2014, estimated amortization expense for future fiscal years is as follows:


Fiscal Year Ending December 31,	Software Amortization		Other Intangible Assets Amortization
(in thousands)
Remainder of 2014	$	19,639	$	11,084
2015		33,716		19,659
2016		29,485		18,516
2017		23,402		17,009
2018		21,003		16,497
2019		18,697		16,172
Thereafter		45,523		125,568

Total	$	191,465	$	224,505

Corporate Restructuring and Other Organizational Changes (Tables)

6 Months Ended

Jun. 30, 2014

Restructuring And Related Activities [Abstract]

Components of Corporate Restructuring and Other Reorganization Activities from Recent Acquisitions

The components of corporate restructuring and other reorganization activities from the recent acquisitions are included in the following table:


(in thousands)	Severance			Facility Closures			Total
Balance, December 31, 2013	$	1,470		$	1,871		$	3,341
Restructuring charges (adjustments) incurred		2,798			(196	)		2,602
Amounts paid during the period		(3,270	)		(946	)		(4,216	)
Foreign currency translation		(1	)		—			(1	)

Balance, June 30, 2014	$	997		$	729		$	1,726

Earnings Per Share (Tables)

6 Months Ended

Jun. 30, 2014

Earnings Per Share [Abstract]

Reconciliation of Average Share Amounts used to Compute Both Basic and Diluted Earnings (Loss) Per Share

The following table reconciles the average share amounts used to compute both basic and diluted earnings (loss) per share (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2014		2013		2014		2013
Weighted average shares outstanding:
Basic weighted average shares outstanding		113,907		119,505		114,663		118,781
Add: Dilutive effect of stock options and restricted stock awards		2,070		1,997		2,149		—

Diluted weighted average shares outstanding		115,977		121,502		116,812		118,781

Other, net (Tables)

6 Months Ended

Jun. 30, 2014

Other Income And Expenses [Abstract]

Other, Net

Other, net is comprised of the following items:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2014			2013			2014			2013
Foreign currency transaction gains (losses)	$	(3,819	)	$	(1,338	)	$	(4,769	)	$	2,128
Other		(82	)		(181	)		(189	)		(482	)

Total	$	(3,901	)	$	(1,519	)	$	(4,958	)	$	1,646

Segment Information (Tables)

6 Months Ended

Jun. 30, 2014

Segment Reporting [Abstract]

Selected Segment Financial Data, Revenues and Income (Loss) Before Income Taxes

The following is selected segment financial data for the periods indicated:


	Three Months Ended June 30,						Six Months Ended June 30,
(in thousands)	2014			2013			2014			2013
Revenues:
Americas	$	177,745		$	138,379		$	332,514		$	232,692
EMEA		57,350			46,719			104,811			94,290
Asia/Pacific		19,713			20,732			38,956			40,845

	$	254,808		$	205,830		$	476,281		$	367,827

Income (loss) before income taxes:
Americas	$	26,074		$	30,325		$	43,033		$	43,292
EMEA		24,669			13,153			42,340			28,208
Asia/Pacific		10,428			3,347			16,082			9,187
Corporate		(47,525	)		(42,664	)		(97,551	)		(81,136	)

	$	13,646		$	4,161		$	3,904		$	(449	)

Selected Segment Financial Data, Assets


	June 30,		December 31,
(in thousands)	2014		2013
Total assets:
Americas—United States	$	1,091,472	$	1,129,064
Americas—Other		38,375		39,995
EMEA		361,477		380,320
Asia/Pacific		122,880		132,472

	$	1,614,204	$	1,681,851

Receivables and Concentration of Credit Risk (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Billed Receivables	$ 179,512	$ 173,100
Allowance for doubtful accounts	(4,722)	(4,459)
Billed, net	174,790	168,641
Accrued Receivables	32,111	34,934
Receivables, net	$ 206,901	$ 203,575

Components of Other Current Assets and Other Current Liabilities (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Current debt issuance costs	$ 5,075	$ 5,276
Other	11,773	12,163
Total other current assets	29,884	65,328
Accrued interest	7,219	7,074
Vendor financed licenses	7,123	6,410
Royalties payable	4,201	5,627
Other	24,556	33,064
Total other current liabilities	55,639	95,016
Settlement receivables
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Other assets settlement	5,472	20,119
Settlement payables
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Settlement payables	12,540	42,841
Settlement deposits
Nature Of Business And Summary Of Significant Accounting Policies [Line Items]
Other assets settlement	$ 7,564	$ 27,770

Condensed Consolidated Financial Statements - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Summary Of Significant Accounting Policies [Line Items]
Amount of off balance sheet settlement funds	$ 208,600	$ 208,600	$ 284,000
Accumulated other comprehensive loss	(14,096)	(14,096)	(23,315)
Payments for partnership dissolved		$ 1,391
Cornastone Technology Investments (Proprietary) Limited
Summary Of Significant Accounting Policies [Line Items]
Payments for partnership dissolved	$ 1,500
Cornastone Technology Investments (Proprietary) Limited \| Other Noncurrent Liabilities
Summary Of Significant Accounting Policies [Line Items]
Noncontrolling interest			$ 1,100

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References + Details

Changes in Carrying Amount of Goodwill (Detail) - USD ($)
$ in Thousands

6 Months Ended

Jun. 30, 2014

Dec. 31, 2013

Goodwill [Line Items]

Gross Balance prior to the end of year

$ 716,649

Total impairment, beginning of period

(47,432)

Beginning Balance

$ 669,217

Goodwill from acquisitions

^[1]

(3,192)

Foreign currency translation adjustments

2,541

Ending Balance

668,566

Americas

Goodwill [Line Items]

Gross Balance prior to the end of year

488,698

Total impairment, beginning of period

(47,432)

Beginning Balance

441,266

Goodwill from acquisitions

^[1]

(3,192)

Foreign currency translation adjustments

238

Ending Balance

438,312

EMEA

Goodwill [Line Items]

Gross Balance prior to the end of year

160,158

Beginning Balance

160,158

Foreign currency translation adjustments

312

Ending Balance

160,470

Asia/Pacific

Goodwill [Line Items]

Gross Balance prior to the end of year

$ 67,793

Beginning Balance

67,793

Foreign currency translation adjustments

1,991

Ending Balance

$ 69,784

[1]

Goodwill from acquisitions relates to adjustments in the goodwill recorded for the acquisitions of Official Payments Holdings, Inc. ("OPAY"), Online Resources Corporation ("ORCC"), and Profesionales en Transacciones Electronicas S.A. ("PTESA") as discussed in Note 3. The purchase price allocation for OPAY is preliminary as of June 30, 2014 and accordingly is subject to future changes during the maximum one-year allocation period.

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 (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenue Recognition, Milestone Method [Line Items]
Software license fees	$ 61,377	$ 53,714	$ 97,079	$ 95,070
Maintenance fees	62,309	57,830	124,808	116,464
Services	24,991	26,964	47,579	50,893
Total revenues	254,808	205,830	476,281	367,827
Vendor Specific Objective Evidence of Fair Value
Revenue Recognition, Milestone Method [Line Items]
Software license fees	5,784	5,559	12,640	11,360
Maintenance fees	2,197	2,447	4,413	4,768
Services	5		13	3
Total revenues	$ 7,986	$ 8,006	$ 17,066	$ 16,131

Stock Split - Additional Information (Detail)		6 Months Ended
Stock Split - Additional Information (Detail)	Apr. 10, 2014 $ / shares	Jun. 30, 2014 $ / shares	Dec. 31, 2013 $ / shares
Equity [Abstract]
Stock split, description		On April 10, 2014, the Company announced that its Board of Directors approved a three-for-one stock split of the Company's common stock, which was affected in the form of a common stock dividend distributed on July 10, 2014.
Stock split of Company's common stock	3
Common stock, par value	$ 0.005	$ 0.005	$ 0.005

Acquisitions - Additional Information (Detail) $ / shares in Units, $ in Thousands			3 Months Ended			6 Months Ended		12 Months Ended
	Nov. 05, 2013 USD ($) $ / shares	Mar. 11, 2013 USD ($) $ / shares	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Mar. 31, 2013 USD ($)	Jun. 30, 2014 USD ($)	Jun. 30, 2013 USD ($)	Dec. 31, 2013 USD ($) Entity
Business Acquisition [Line Items]
Total purchase price								$ 378,100
Number of businesses acquired \| Entity								3
Amount Drawn from Revolving Credit Facility to pay for acquisition						$ 50,000
Operating income			$ 26,741	$ 11,522		27,032	$ 7,513
New Senior Secured Credit Facilities
Business Acquisition [Line Items]
Additional borrowings under credit facility			300,000
Official Payments Holdings, Inc.
Business Acquisition [Line Items]
Business acquisition cash paid	$ 139,800
Cash paid per common stock \| $ / shares	$ 8.35
Amount Drawn from Revolving Credit Facility to pay for acquisition	$ 40,000
Online Resources Corporation
Business Acquisition [Line Items]
Total purchase price		$ 260,100
Cash paid per common stock \| $ / shares		$ 3.85
Business acquisition common stock purchase price		$ 132,900
Revenue				38,400			47,200
Operating income				$ 1,600			$ 500
Online Resources Corporation \| Series A-1 Convertible Preferred Stock
Business Acquisition [Line Items]
Business acquisition preferred stock purchase price		$ 127,200
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V")
Business Acquisition [Line Items]
Percentage of ownership interest acquired					100.00%
Profesionales en Transacciones Electronicas S.A. - Ecuador ("PTESA-E")
Business Acquisition [Line Items]
Percentage of ownership interest acquired					100.00%
Profesionales En Transacciones Electronicas Venezuela And Ecuador
Business Acquisition [Line Items]
Total purchase price					$ 2,800
Profesionales en Transacciones Electronicas S.A. - Colombia ("PTESA-C")
Business Acquisition [Line Items]
Total purchase price					11,400
Profesionales en Transacciones Electronicas S.A
Business Acquisition [Line Items]
Total purchase price					14,200
Purchase price, non tax deductible goodwill amount					$ 1,500
Official Payments Holdings, Inc. and Online Resources Corporation
Business Acquisition [Line Items]
Revenue			75,400			147,100
Operating income			$ 5,200			$ 13,900

Preliminary Purchase Price Allocation of Official Payments Holdings, Online Resources Corporation and PTESA (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
Business Acquisition [Line Items]
Goodwill	$ 668,566	$ 669,217
Official Payments Holdings, Inc.
Business Acquisition [Line Items]
Cash and cash equivalents	25,871
Billed and accrued receivables, net	2,858
Deferred income taxes, net	2,443
Other current assets	27,779
Total current assets acquired	58,951
Property and equipment	8,141
Goodwill	40,549
Other noncurrent assets	7,269
Total assets acquired	190,423
Accounts payable	8,839
Employee compensation	15,006
Other current liabilities	25,968
Total current liabilities acquired	49,813
Other noncurrent liabilities	828
Total liabilities acquired	50,641
Net assets acquired	139,782
Official Payments Holdings, Inc. \| Software
Business Acquisition [Line Items]
Amortizable intangible assets	25,113
Official Payments Holdings, Inc. \| Customer relationships
Business Acquisition [Line Items]
Amortizable intangible assets	47,400
Official Payments Holdings, Inc. \| Trademarks
Business Acquisition [Line Items]
Amortizable intangible assets	3,000
Online Resources Corporation
Business Acquisition [Line Items]
Cash and cash equivalents	9,930
Billed and accrued receivables, net	19,394
Deferred income taxes, net	11,726
Other current assets	17,643
Total current assets acquired	58,693
Property and equipment	7,335
Goodwill	122,247
Other noncurrent assets	459
Total assets acquired	322,749
Accounts payable	15,394
Employee compensation	10,549
Note payable	7,500
Other current liabilities	7,559
Total current liabilities acquired	41,002
Deferred income taxes, net	18,290
Other noncurrent liabilities	3,339
Total liabilities acquired	62,631
Net assets acquired	260,118
Online Resources Corporation \| Software
Business Acquisition [Line Items]
Amortizable intangible assets	62,215
Online Resources Corporation \| Customer relationships
Business Acquisition [Line Items]
Amortizable intangible assets	68,750
Online Resources Corporation \| Trademarks
Business Acquisition [Line Items]
Amortizable intangible assets	3,050
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V")
Business Acquisition [Line Items]
Cash and cash equivalents	193
Billed and accrued receivables, net	327
Other current assets	95
Total current assets acquired	615
Property and equipment	6
Goodwill	7,113
Other noncurrent assets	7
Total assets acquired	15,473
Accounts payable	341
Employee compensation	261
Total current liabilities acquired	602
Deferred income taxes, net	225
Other noncurrent liabilities	439
Total liabilities acquired	1,266
Net assets acquired	$ 14,207
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V") \| Software
Business Acquisition [Line Items]
Acquired intangible assets, weighted-average useful lives	10 years
Amortizable intangible assets	$ 7,732
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V") \| Customer relationships \| Minimum
Business Acquisition [Line Items]
Acquired intangible assets, weighted-average useful lives	14 years
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V") \| Customer relationships \| Maximum
Business Acquisition [Line Items]
Acquired intangible assets, weighted-average useful lives	15 years
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V") \| Trademarks \| Minimum
Business Acquisition [Line Items]
Acquired intangible assets, weighted-average useful lives	3 years
Profesionales en Transacciones Electronicas S.A. - Venezuela ("PTESA-V") \| Trademarks \| Maximum
Business Acquisition [Line Items]
Acquired intangible assets, weighted-average useful lives	5 years

Pro Forma Results of Combined Company Operations (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2013
Business Acquisition Pro Forma Information [Abstract]
Total Revenues	$ 253,623	$ 481,783
Net Income	$ 5,487	$ 2,372
Income per share
Basic	$ 0.05	$ 0.02
Diluted	$ 0.05	$ 0.02

Debt - Additional Information (Detail) - USD ($) $ in Millions			6 Months Ended
	Aug. 20, 2013	Nov. 10, 2011	Jun. 30, 2014
Debt Instrument [Line Items]
Credit Facility maturity date			Aug. 20, 2018
Credit facility, interest rate description			The applicable margin for borrowings under the Revolving Credit Facility is, based on the calculation of the applicable consolidated total leverage ratio, between 0.50% to 1.50% with respect to base rate borrowings and between 1.50% and 2.50% with respect to LIBOR based borrowings. Interest is due and payable monthly. The interest rate in effect at June 30, 2014 for the Credit Facility was 2.40%.
Credit facility, interest rate margin above federal fund rate			0.50%
Credit facility, interest rate margin above one-month LIBOR rate			1.00%
Credit facility, borrowing rate			2.40%
Maturity date of senior notes			Aug. 15, 2020
Minimum
Debt Instrument [Line Items]
Credit facility, interest rate margin above base rate			0.50%
Credit facility, interest rate margin above LIBOR rate			1.50%
Maximum
Debt Instrument [Line Items]
Credit facility, interest rate margin above base rate			1.50%
Credit facility, interest rate margin above LIBOR rate			2.50%
Fourth Amendment
Debt Instrument [Line Items]
Borrowing under credit facility after amendment	$ 300.0
Borrowing under credit facility	$ 200.0
Credit Facility maturity date	Aug. 20, 2018
Percentage of interest rate on notes	6.375%
Senior Notes
Debt Instrument [Line Items]
Senior notes amount outstanding	$ 300.0		$ 300.0
Percentage of interest rate on notes	6.375%
Issue price percentage of senior notes of the principal amount	100.00%
Maturity date of senior notes	Aug. 15, 2020
Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility amount outstanding			15.0
Unused borrowings			235.0
Credit facilities, maximum borrowing capacity		$ 250.0
Credit facilities, maturity		5 years
Term Credit Facility
Debt Instrument [Line Items]
Line of credit facility amount outstanding			$ 437.6
Credit facilities, maximum borrowing capacity		$ 500.0
Credit facilities, maturity		5 years
Parent Company and Domestic Subsidiaries
Debt Instrument [Line Items]
Percentage of capital stock pledged as collateral			100.00%
Foreign Subsidiaries
Debt Instrument [Line Items]
Percentage of capital stock pledged as collateral			65.00%

Maturities on Long-Term Debt Outstanding (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2014	$ 29,570
2015	65,055
2016	70,969
2017	70,969
2018	216,078
Thereafter	300,000
Total	$ 752,641	$ 755,383

Carrying Value of Senior Notes (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Total debt	$ 752,641	$ 755,383
Less current portion of term credit facility	59,141	47,313
Total long-term debt	693,500	708,070
Term credit facility
Debt Instrument [Line Items]
Total debt	437,641	455,383
Revolving Credit Facility
Debt Instrument [Line Items]
Total debt	15,000
6.375% Senior Notes, due August 2020
Debt Instrument [Line Items]
Total debt	$ 300,000	$ 300,000

Carrying Value of Senior Notes (Parenthetical) (Detail)	6 Months Ended
Carrying Value of Senior Notes (Parenthetical) (Detail)	Jun. 30, 2014
Debt Instrument [Line Items]
Maturity date of senior notes	Aug. 15, 2020
6.375% Senior Notes, due August 2020
Debt Instrument [Line Items]
Percentage of interest rate on notes	6.375%
Maturity date of senior notes	Aug. 15, 2020

Stock-Based Compensation Plans - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares issued under ESPP			68,079	60,762
Incentive plan, percentage of options expected to vest over the vesting period	93.40%		93.40%
Incentive plan, weighted-average grant date fair value of stock options granted			$ 9.02	$ 8.02
Incentive plan, total intrinsic value of stock options exercised			$ 6,600,000	$ 6,000,000
Dividend yield		0.00%	0.00%	0.00%
Dividend paid			$ 0
Stock-based compensation expenses	$ 4,400,000	$ 3,800,000	$ 9,188,000	$ 7,724,000
Stock-based compensation expenses tax benefits	$ 1,700,000	$ 1,400,000	3,500,000	2,900,000
Proceeds from exercises of stock options			4,117,000	5,583,000
Actual tax benefit realized from tax deductions of option exercises			$ 2,500,000	$ 2,300,000
Employee Stock Purchase Plan 1999
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of common stock reserved for issuance	4,500,000		4,500,000
Permitted designation for purchase of common stock under ESPP			Participating employees are permitted to designate up to the lesser of $25,000 or 10% of their annual base compensation for the purchase of common stock under the ESPP. Purchases under the ESPP are made one calendar month after the end of each fiscal quarter.
Employee participating annual base compensation designated for purchase of common stock, amount	$ 25,000		$ 25,000
Employee participating annual base compensation designated for purchase of common stock, percent	10.00%		10.00%
Price of common stock purchased under ESPP, description			The price for shares of common stock purchased under the ESPP is 85% of the stock's fair market value on the last business day of the three-month participation period.
Price of common stock purchased under ESPP, percent			85.00%
Restricted share awards (RSAs)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares awards, shares vested			5,802
Restricted shares withheld to pay employees' portion of minimum payroll withholding taxes			1,908
Unrecognized compensation costs	$ 3,200,000		$ 3,200,000
Unrecognized compensation costs, weighted-average recognition periods			1 year 2 months 12 days
Restricted share awards (RSAs) \| S1 Corporation
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Awards granted requisite service period			4 years
Original grant date			Nov. 09, 2011
Restricted share awards, vesting increments on anniversary dates of grants			25.00%
Vesting percentage if employee is terminated without cause within 12 months from acquisition date	100.00%		100.00%
LTIP Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares awards, shares vested			635,643
Restricted shares withheld to pay employees' portion of minimum payroll withholding taxes			228,279
Unrecognized compensation costs	$ 16,900,000		$ 16,900,000
Unrecognized compensation costs, weighted-average recognition periods			2 years 1 month 6 days
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation costs	$ 9,800,000		$ 9,800,000
Unrecognized compensation costs, weighted-average recognition periods			2 years 1 month 6 days

Summary of Stock Options Issued Pursuant to Stock Incentive Plans (Detail)	6 Months Ended
	Jun. 30, 2014 USD ($) $ / shares shares
Number of Shares
Outstanding, Beginning Balance \| shares	7,408,821
Granted \| shares	27,132
Exercised \| shares	(542,391)
Forfeited or expired \| shares	(62,895)
Outstanding, Ending Balance \| shares	6,830,667
Number of Shares Exercisable, Ending Balance \| shares	5,002,719
Weighted-Average Exercise Price
Beginning Balance \| $ / shares	$ 11.02
Granted \| $ / shares	20.13
Exercised \| $ / shares	7.57
Forfeited or expired \| $ / shares	17.25
Ending Balance \| $ / shares	11.28
Weighted Average Exercise Price Exercisable, Ending Balance \| $ / shares	$ 9.19
Weighted-Average Remaining Contractual Term (Years)
Weighted Average Remaining Contractual Term (Years), Outstanding as of end of period	5 years 5 months 5 days
Weighted Average Remaining Contractual Term (Years), Exercisable as of end of period	4 years 2 months 9 days
Aggregate Intrinsic Value of In-the-Money Options
Aggregate Intrinsic Value of In-the-Money Options, Outstanding as of end of period \| $	$ 51,913,490
Aggregate Intrinsic Value of In-the-Money Options, Exercisable as of end of period \| $	$ 47,115,588

Estimated Fair Value of Options Granted using Black-Scholes Option-Pricing Model with Weighted-Average Assumptions (Detail)	3 Months Ended	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Expected life (years)	9 years 6 months 26 days	5 years 11 months 5 days	8 years 8 months 12 days
Interest rate	2.10%	1.80%	1.80%
Volatility	46.90%	45.20%	47.60%
Dividend yield	0.00%	0.00%	0.00%

Summary of Transactions Stock Options Issued Pursuant to Stock Incentive Plans (Detail)	6 Months Ended
	Jun. 30, 2014 USD ($) $ / shares shares
Number of Shares
Outstanding, Beginning Balance \| shares	7,408,821
Exercised \| shares	(542,391)
Outstanding, Ending Balance \| shares	6,830,667
Number of Shares Exercisable, Ending Balance \| shares	5,002,719
Weighted-Average Exercise Price
Beginning Balance \| $ / shares	$ 11.02
Exercised \| $ / shares	7.57
Ending Balance \| $ / shares	11.28
Weighted Average Exercise Price Exercisable, Ending Balance \| $ / shares	$ 9.19
Weighted-Average Remaining Contractual Term (Years)
Weighted Average Remaining Contractual Term (Years), Outstanding as of end of period	5 years 5 months 5 days
Weighted Average Remaining Contractual Term (Years), Exercisable as of end of period	4 years 2 months 9 days
Aggregate Intrinsic Value of In-the-Money Options
Aggregate Intrinsic Value of In-the-Money Options, Outstanding as of end of period \| $	$ 51,913,490
Aggregate Intrinsic Value of In-the-Money Options, Exercisable as of end of period \| $	$ 47,115,588
Online Resources Corporation
Number of Shares
Outstanding, Beginning Balance \| shares	62,445
Exercised \| shares	(909)
Expired \| shares	(12,867)
Outstanding, Ending Balance \| shares	48,669
Number of Shares Exercisable, Ending Balance \| shares	48,669
Weighted-Average Exercise Price
Beginning Balance \| $ / shares	$ 35.03
Exercised \| $ / shares	13.92
Expired \| $ / shares	30.80
Ending Balance \| $ / shares	36.54
Weighted Average Exercise Price Exercisable, Ending Balance \| $ / shares	$ 36.54
Weighted-Average Remaining Contractual Term (Years)
Weighted Average Remaining Contractual Term (Years), Outstanding as of end of period	2 years 18 days
Weighted Average Remaining Contractual Term (Years), Exercisable as of end of period	2 years 18 days
Aggregate Intrinsic Value of In-the-Money Options
Aggregate Intrinsic Value of In-the-Money Options, Outstanding as of end of period \| $	$ 34,303
Aggregate Intrinsic Value of In-the-Money Options, Exercisable as of end of period \| $	$ 34,303

Summary of Nonvested Long-Term Incentive Program Performance Share Awards Outstanding and Changes During Period (Detail) - LTIP Performance Shares	6 Months Ended
	Jun. 30, 2014 $ / shares shares
Number of Shares at Expected Attainment
Beginning Balance \| shares	2,718,576
Granted \| shares	19,065
Forfeited \| shares	(67,344)
Vested \| shares	(635,643)
Change in attainment for 2010 grants \| shares	26,226
Ending Balance \| shares	2,060,880
Weighted-Average Grant Date Fair Value
Beginning Balance \| $ / shares	$ 13.79
Granted \| $ / shares	20.13
Forfeited \| $ / shares	15.28
Vested \| $ / shares	8.88
Change in attainment for 2010 grants \| $ / shares	8.88
Ending Balance \| $ / shares	$ 15.25

Summary of Nonvested Restricted Share Awards and Changes During Period (Detail) - Restricted share awards (RSAs)	6 Months Ended
	Jun. 30, 2014 $ / shares shares
Number of Restricted Share Awards
Beginning Balance \| shares	145,065
Granted \| shares	94,773
Vested \| shares	(5,802)
Forfeited \| shares	(1,461)
Ending Balance \| shares	232,575
Weighted-Average Grant Date Fair Value
Beginning Balance \| $ / shares	$ 14.91
Granted \| $ / shares	18.47
Vested \| $ / shares	12.69
Forfeited \| $ / shares	20.51
Ending Balance \| $ / shares	$ 16.38

Summary of Nonvested Transaction Restricted Share Awards Issued under Stock Incentive Plan and Changes During Period (Detail) - S1 2003 Stock Incentive Plan	6 Months Ended
	Jun. 30, 2014 $ / shares shares
Number of Restricted Share Awards
Beginning Balance \| shares	57,552
Forfeited \| shares	(12,993)
Ending Balance \| shares	44,559
Weighted-Average Grant Date Fair Value
Beginning Balance \| $ / shares	$ 11.80
Forfeited \| $ / shares	11.80
Ending Balance \| $ / shares	$ 11.80

Software and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Software, net	$ 191,465		$ 191,465		$ 191,468
Software, accumulated amortization	110,200		110,200		95,300
Other intangible assets amortization expense	5,800	$ 4,800	12,300	$ 8,600
Software Marketed for External Sale
Finite-Lived Intangible Assets [Line Items]
Software, net	88,200		88,200		94,000
Software, amortization expense	3,600	3,500	$ 7,100	6,700
Software Marketed for External Sale \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life			3 years
Software Marketed for External Sale \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life			10 years
Software Acquired or Developed for Internal Use
Finite-Lived Intangible Assets [Line Items]
Software, net	103,300		$ 103,300		$ 97,500
Software, amortization expense	$ 6,000	$ 4,400	$ 11,200	$ 7,800
Software Acquired or Developed for Internal Use \| Minimum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life			3 years
Software Acquired or Developed for Internal Use \| Maximum
Finite-Lived Intangible Assets [Line Items]
Estimated useful life			10 years

Carrying Amount and Accumulated Amortization of Other Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 302,287	$ 302,654
Accumulated Amortization	(77,782)	(64,961)
Net Balance	224,505	237,693
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	278,974	277,356
Accumulated Amortization	(60,352)	(49,410)
Net Balance	218,622	227,946
Trademarks and tradenames
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	11,953	13,995
Accumulated Amortization	(6,145)	(4,383)
Net Balance	5,808	9,612
Purchased contracts
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	10,920	10,865
Accumulated Amortization	(10,920)	(10,865)
Net Balance	0	0
Covenant not to compete
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	440	438
Accumulated Amortization	(365)	(303)
Net Balance	$ 75	$ 135

Estimated Amortization Expense for Future Fiscal Years Based on Capitalized Software and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Finite-Lived Intangible Assets [Line Items]
Net Balance	$ 224,505	$ 237,693
Software
Finite-Lived Intangible Assets [Line Items]
Remainder of 2014	19,639
2015	33,716
2016	29,485
2017	23,402
2018	21,003
2019	18,697
Thereafter	45,523
Net Balance	191,465
Other Intangible Assets
Finite-Lived Intangible Assets [Line Items]
Remainder of 2014	11,084
2015	19,659
2016	18,516
2017	17,009
2018	16,497
2019	16,172
Thereafter	125,568
Net Balance	$ 224,505

Corporate Restructuring and Other Organizational Changes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Restructuring Cost and Reserve [Line Items]
Employee termination costs (adjustments)	$ 1,000	$ 2,100	$ 2,800	$ 3,700
Employee termination costs paid during the period			$ 4,216
Liability is expected to be paid			12 months
Restructuring charges	1,726		$ 1,726		$ 3,341
Americas
Restructuring Cost and Reserve [Line Items]
Employee termination costs (adjustments)	400	1,500	2,100	3,100
Asia/Pacific
Restructuring Cost and Reserve [Line Items]
Employee termination costs (adjustments)	400	300	500	300
EMEA
Restructuring Cost and Reserve [Line Items]
Employee termination costs (adjustments)	200	$ 300	200	$ 300
Severance
Restructuring Cost and Reserve [Line Items]
Employee termination costs paid during the period			3,270
Restructuring charges	997		997		1,470
Facility Closures
Restructuring Cost and Reserve [Line Items]
Employee termination costs paid during the period			946
Restructuring charges	$ 729		$ 729		$ 1,871

Components of Corporate Restructuring and Other Reorganization Activities from Recent Acquisitions (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2014 USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 3,341
Restructuring charges (adjustments) incurred	2,602
Amounts paid during the period	(4,216)
Foreign currency translation	(1)
Ending balance	1,726
Severance
Restructuring Cost and Reserve [Line Items]
Beginning balance	1,470
Restructuring charges (adjustments) incurred	2,798
Amounts paid during the period	(3,270)
Foreign currency translation	(1)
Ending balance	997
Facility Closures
Restructuring Cost and Reserve [Line Items]
Beginning balance	1,871
Restructuring charges (adjustments) incurred	(196)
Amounts paid during the period	(946)
Ending balance	$ 729

Common Stock and Treasury Stock - Additional Information (Detail) - USD ($) $ in Millions		1 Months Ended	6 Months Ended	12 Months Ended	30 Months Ended
	Sep. 13, 2012	Feb. 29, 2012	Jun. 30, 2014	Dec. 31, 2011	Jun. 30, 2014	Feb. 28, 2014	Jul. 31, 2013
Maximum stock authorized to purchase under stock repurchase program		$ 262.1		$ 210.0
Increase in maximum stock authorized to purchase under stock repurchase program		$ 52.1				$ 100.0	$ 100.0
Repurchase of common stock, shares			3,578,427		37,108,467
Repurchase of common stock, value			$ 70.0		$ 395.8
Maximum
Maximum stock authorized to purchase under stock repurchase program	$ 113.0
Stock authorized to purchase under stock repurchase program, shares	7,500,000
Remaining value of shares authorized for purchase under the stock repurchase program			$ 138.3

Reconciliation of Average Share Amounts used to Compute Both Basic and Diluted Earnings (Loss) Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Weighted average shares outstanding:
Basic weighted average shares outstanding	113,907	119,505	114,663	118,781
Add: Dilutive effect of stock options and restricted stock awards	2,070	1,997	2,149
Diluted weighted average shares outstanding	115,977	121,502	116,812	118,781

Earnings Per Share - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Earnings Per Share [Abstract]
Options to purchase shares, contingently issuable shares, and common stock warrants excluded from diluted net income per share computation	3,200,000	4,900,000	3,200,000	11,200,000
Common stock outstanding	114,083,694		114,083,694		116,564,967

Other, Net (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Other, Net (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Other Income And Expenses [Abstract]
Foreign currency transaction gains (losses)	$ (3,819)	$ (1,338)	$ (4,769)	$ 2,128
Other	(82)	(181)	(189)	(482)
Total	$ (3,901)	$ (1,519)	$ (4,958)	$ 1,646

Segment Information - Additional Information (Detail) - Segment	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Number of geographic regions considered as reportable operating segments	3
Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of revenues	No other country outside the United States accounted for more than 10% of the Company's consolidated revenues during the three and six months ended June 30, 2014 and 2013.	No other country outside the United States accounted for more than 10% of the Company's consolidated revenues during the three and six months ended June 30, 2014 and 2013.
Customer Concentration Risk
Segment Reporting Information [Line Items]
Percentage of revenues	No single customer accounted for more than 10% of the Company's consolidated revenues during the three and six months ended June 30, 2014 and 2013.	No single customer accounted for more than 10% of the Company's consolidated revenues during the three and six months ended June 30, 2014 and 2013.

Selected Segment Financial Data, Assets (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Segment Reporting Information [Line Items]
Revenues	$ 254,808	$ 205,830	$ 476,281	$ 367,827
Income (loss) before income taxes	13,646	4,161	3,904	(449)
Americas \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	177,745	138,379	332,514	232,692
Income (loss) before income taxes	26,074	30,325	43,033	43,292
EMEA \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	57,350	46,719	104,811	94,290
Income (loss) before income taxes	24,669	13,153	42,340	28,208
Asia/Pacific \| Operating Segments
Segment Reporting Information [Line Items]
Revenues	19,713	20,732	38,956	40,845
Income (loss) before income taxes	10,428	3,347	16,082	9,187
Corporate \| Corporate, Non-Segment
Segment Reporting Information [Line Items]
Income (loss) before income taxes	$ (47,525)	$ (42,664)	$ (97,551)	$ (81,136)

Selected Segment Financial Data, Revenues and Income (Loss) Before Income Taxes (Detail) - USD ($) $ in Thousands	Jun. 30, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Assets	$ 1,614,204	$ 1,681,851
Americas - United States \| Operating Segments
Segment Reporting Information [Line Items]
Assets	1,091,472	1,129,064
Americas - Other \| Operating Segments
Segment Reporting Information [Line Items]
Assets	38,375	39,995
EMEA \| Operating Segments
Segment Reporting Information [Line Items]
Assets	361,477	380,320
Asia/Pacific \| Operating Segments
Segment Reporting Information [Line Items]
Assets	$ 122,880	$ 132,472

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Effective tax rate, benefit percentage	17.70%	54.80%		36.50%
Earnings of foreign entities	$ 18.6	$ 2.5	$ 24.2	$ 11.4
Positive impact of uncertain tax positions on effective tax rate				$ 1.4
Unrecognized tax benefit for uncertain tax positions	14.7		14.7		$ 15.0
Accrued interest and penalties related to income tax liabilities	2.2		2.2		$ 2.3
Decrease in unrecognized tax benefits due to expiration of statutes of limitations and settlement of various audits	$ 0.8		$ 0.8

Subsequent Events - Additional Information (Detail) - USD ($) $ in Millions		6 Months Ended
	Jul. 21, 2014	Jun. 30, 2014
Subsequent Event [Line Items]
Business acquisition, date of agreement		Jul. 21, 2014
Business Acquisition, expected to close by date		Sep. 30, 2014
Subsequent Event
Subsequent Event [Line Items]
Cash to be paid to acquire Retail Decisions	$ 205
Maximum financing under Commitment Letter	$ 150