CSG Systems International (CSGS) 10-Q 5 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 02, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	CSG SYSTEMS INTERNATIONAL INC
Entity Central Index Key	1,005,757
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Amendment Flag	false
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Trading Symbol	CSGS
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		32,695,388

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 100,165	$ 81,712
Short-term investments	99,605	120,088
Total cash, cash equivalents and short-term investments	199,770	201,800
Trade accounts receivable:
Billed, net of allowance of $3,878 and $3,323	177,347	184,369
Unbilled	46,795	42,439
Deferred income taxes	12,844	13,204
Income taxes receivable	6,107	7,851
Other current assets	31,148	28,470
Total current assets	474,011	478,133
Non-current assets:
Property and equipment, net of depreciation of $139,555 and $138,065	34,840	38,326
Intangible assets	80,443	91,635
Goodwill	222,086	225,269
Deferred income taxes	7,453	8,890
Income taxes receivable	1,179	1,333
Other assets	20,694	16,142
Total non-current assets	366,695	381,595
Total assets	840,706	859,728
Current liabilities:
Current maturities of long-term debt	7,500	22,500
Client deposits	33,394	35,791
Trade accounts payable	37,859	37,052
Accrued employee compensation	47,576	51,441
Deferred revenue	44,532	40,004
Income taxes payable	572	984
Other current liabilities	19,294	23,375
Total current liabilities	190,727	211,147
Non-current liabilities:
Long-term debt, net of unamortized original issue discount of $9,530 and $14,169	277,345	233,331
Deferred revenue	9,587	9,648
Income taxes payable	1,613	1,613
Deferred income taxes	14,591	20,445
Other non-current liabilities	12,935	15,821
Total non-current liabilities	316,071	280,858
Total liabilities	$ 506,798	$ 492,005
Stockholders' equity:
Preferred stock, par value $.01 per share; 10,000 shares authorized; zero shares issued and outstanding
Common stock, par value $.01 per share; 100,000 shares authorized; 32,692 and 33,945 shares outstanding	$ 670	$ 667
Common stock warrants; 2,851 and 2,851 warrants issued and outstanding	7,310	6,694
Additional paid-in capital	487,530	486,414
Treasury stock, at cost, 34,356 and 32,763 shares	(804,437)	(757,478)
Accumulated other comprehensive income (loss):
Unrealized gain on short-term investments, net of tax	6	6
Cumulative foreign currency translation adjustments	(23,753)	(13,386)
Accumulated earnings	666,582	644,806
Total stockholders' equity	333,908	367,723
Total liabilities and stockholders' equity	840,706	859,728
Software
Non-current assets:
Intangible assets	38,286	44,732
Client contracts
Non-current assets:
Intangible assets	$ 42,157	$ 46,903

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Trade accounts receivable-billed, allowance	$ 3,878	$ 3,323
Property and equipment, accumulated depreciation	139,555	138,065
Accumulated amortization	179,213	175,382
Long-term debt, unamortized original issue discount	$ 9,530	$ 14,169
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares outstanding	32,692,000	33,945,000
Common stock warrants, issued	2,851,000	2,851,000
Common stock warrants, outstanding	2,851,000	2,851,000
Treasury stock, shares	34,356,000	32,763,000
Software
Accumulated amortization	$ 94,328	$ 86,797
Client contracts
Accumulated amortization	$ 84,885	$ 88,585

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF INCOME - UNAUDITED - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Processing and related services	$ 143,887	$ 140,981	$ 429,009	$ 419,696
Software and services	23,231	22,079	68,301	72,553
Maintenance	19,842	21,943	57,922	65,340
Total revenues	186,960	185,003	555,232	557,589
Cost of revenues (exclusive of depreciation, shown separately below):
Processing and related services	67,428	69,225	201,455	205,016
Software and services	15,244	17,508	52,912	60,699
Maintenance	9,510	7,737	29,877	24,541
Total cost of revenues	92,182	94,470	284,244	290,256
Other operating expenses:
Research and development	24,941	26,329	76,567	77,773
Selling, general and administrative	34,247	39,036	102,261	113,475
Depreciation	3,723	3,553	11,268	10,479
Restructuring and reorganization charges	846	7,784	1,822	9,041
Total operating expenses	155,939	171,172	476,162	501,024
Operating income	31,021	13,831	79,070	56,565
Other income (expense):
Interest expense	(2,526)	(2,582)	(8,431)	(7,900)
Amortization of original issue discount	(1,576)	(1,460)	(4,639)	(4,294)
Interest and investment income, net	278	169	674	607
Other, net	746	106	426	(171)
Total other	(3,078)	(3,767)	(11,970)	(11,758)
Income before income taxes	27,943	10,064	67,100	44,807
Income tax provision	(11,196)	(4,831)	(28,201)	(20,480)
Net income	$ 16,747	$ 5,233	$ 38,899	$ 24,327
Weighted-average shares outstanding:
Basic	30,920	32,604	31,087	32,514
Diluted	33,287	33,996	33,241	33,858
Earnings per common share:
Basic	$ 0.54	$ 0.16	$ 1.25	$ 0.75
Diluted	0.50	0.15	1.17	0.72
Cash dividends declared per common share:	$ 0.1750	$ 0.1575	$ 0.5250	$ 0.4650

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Net income	$ 16,747	$ 5,233	$ 38,899	$ 24,327
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	(8,755)	(10,260)	(10,367)	(6,185)
Unrealized holding gains on short-term investments arising during period	(6)	(17)		(7)
Cash flow hedges:
Unrealized gains on change in fair value of interest rate swap contracts (net of tax effect of $0, $0, $0, and $110)				195
Reclassification adjustment for losses included in net income (net of tax effect of $0, $0, $0, and $(55))				(97)
Net change in cash flow hedges				98
Other comprehensive loss, net of tax	(8,761)	(10,277)	(10,367)	(6,094)
Total comprehensive income (loss), net of tax	$ 7,986	$ (5,044)	$ 28,532	$ 18,233

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - UNAUDITED (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement Of Income And Comprehensive Income [Abstract]
Unrealized gains (losses) on change in fair value of interest rate swap contracts, tax	$ 0	$ 0	$ 0	$ 110
Reclassification adjustment for gains (losses) included in net income, tax	$ 0	$ 0	$ 0	$ (55)

CONDENSED CONSOLIDATED STATEME7

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - UNAUDITED - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 38,899	$ 24,327
Adjustments to reconcile net income to net cash provided by operating activities-
Depreciation	11,268	10,479
Amortization	22,353	25,207
Amortization of original issue discount	4,639	4,294
Gain on short-term investments and other	179	973
(Gain) loss on disposition of business operations	767	(222)
Deferred income taxes	(5,556)	(25)
Excess tax benefit of stock-based compensation awards	(2,174)	(2,044)
Stock-based employee compensation	15,775	12,250
Changes in operating assets and liabilities, net of acquired amounts:
Trade accounts receivable, net	(1,869)	(15,559)
Other current and non-current assets	(6,092)	(5,866)
Income taxes payable/receivable	3,588	(1,825)
Trade accounts payable and accrued liabilities	(3,703)	(16,369)
Deferred revenue	6,272	286
Net cash provided by operating activities	84,346	35,906
Cash flows from investing activities:
Purchases of property and equipment	(16,776)	(21,406)
Purchases of short-term investments	(107,462)	(126,982)
Proceeds from sale/maturity of short-term investments	127,766	146,417
Acquisition of and investments in business, net of cash acquired	(962)
Acquisition of and investments in client contracts	(6,374)	(4,235)
Proceeds from the disposition of business operations		1,130
Net cash used in investing activities	(3,808)	(5,076)
Cash flows from financing activities:
Proceeds from issuance of common stock	1,148	1,053
Payment of cash dividends	(16,811)	(15,461)
Repurchase of common stock	(64,995)	(11,456)
Payments on acquired asset financing	(829)	(1,097)
Proceeds from long-term debt	150,000
Payments on long-term debt	(125,625)	(11,250)
Payments of deferred financing costs	(2,742)
Excess tax benefit of stock-based compensation awards	2,174	2,044
Net cash used in financing activities	(57,680)	(36,167)
Effect of exchange rate fluctuations on cash	(4,405)	(1,776)
Net increase (decrease) in cash and cash equivalents	18,453	(7,113)
Cash and cash equivalents, beginning of period	81,712	82,686
Cash and cash equivalents, end of period	100,165	75,573
Cash paid during the period for-
Interest	7,484	7,331
Income taxes	$ 30,998	$ 21,718

General

General	9 Months Ended
	Sep. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
General	1. GENERAL We have prepared the accompanying unaudited condensed consolidated financial statements as of September 30, 2015 and December 31, 2014, and for the quarters and nine months ended September 30, 2015 and 2014, in accordance with accounting principles generally accepted in the United States of America (“U.S.”) (“GAAP”) for interim financial information, and pursuant to the instructions to Form 10-Q and the rules and regulations of the Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of our management, all adjustments (consisting only of normal recurring adjustments) considered necessary for a fair presentation of our financial position and operating results have been included. The unaudited Condensed Consolidated Financial Statements (the “Financial Statements”) should be read in conjunction with the Consolidated Financial Statements and notes thereto, together with Management’s Discussion and Analysis of Financial Condition and Results of Operations (“MD&A”), contained in our Annual Report on Form 10-K for the year ended December 31, 2014 (our “2014 10-K”), filed with the SEC. The results of operations for the quarter and nine months ended September 30, 2015 are not necessarily indicative of the expected results for the entire year ending December 31, 2015.

Summary of Significant Accounti

Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates in Preparation of Financial Statements. The preparation of the accompanying Financial Statements in conformity with 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 our Financial Statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates. Cash and Cash Equivalents. We consider all highly liquid investments with original maturities of three months or less at the date of the purchase to be cash equivalents. As of September 30, 2015 and December 31, 2014, our cash equivalents consist primarily of institutional money market funds, commercial paper, and time deposits held at major banks. As of September 30, 2015 and December 31, 2014, we had $4.9 million and $4.7 million, respectively, of restricted cash that serves to collateralize outstanding letters of credit. This restricted cash is included in cash and cash equivalents in our Condensed Consolidated Balance Sheets (“Balance Sheets” or “Balance Sheet”). Short-term Investments and Other Financial Instruments . Our financial instruments as of September 30, 2015 and December 31, 2014 include cash and cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. Because of their short maturities, the carrying amounts of cash equivalents, accounts receivable, and accounts payable approximate their fair value. Our short-term investments and certain of our cash equivalents are considered “available-for-sale” and are reported at fair value in our Balance Sheets, with unrealized gains and losses, net of the related income tax effect, excluded from earnings and reported in a separate component of stockholders’ equity. Realized and unrealized gains and losses were not material in any period presented. Primarily all short-term investments held by us as of September 30, 2015 and December 31, 2014 have contractual maturities of less than two years from the time of acquisition. Our short-term investments as of September 30, 2015 and December 31, 2014 consisted almost entirely of fixed income securities. Proceeds from the sale/maturity of short-term investments for the nine months ended September 30, 2015 and 2014 were $127.8 million and $146.4 million, respectively. The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets and liabilities measured at fair value (in thousands): September 30, 2015 December 31, 2014 Level 1 Level 2 Total Level 1 Level 2 Total Assets: Cash equivalents: Money market funds $ 4,894 $ — $ 4,894 $ 9,785 $ — $ 9,785 Commercial paper — 21,798 21,798 — 12,248 12,248 Short-term investments: Corporate debt securities — 64,086 64,086 — 88,494 88,494 Municipal bonds — 1,352 1,352 — 9,945 9,945 U.S. government agency bonds — 26,462 26,462 — 11,313 11,313 Asset-backed securities — 7,705 7,705 — 10,336 10,336 Total $ 4,894 $ 121,403 $ 126,297 $ 9,785 $ 132,336 $ 142,121 Valuation inputs used to measure the fair values of our money market funds were derived from quoted market prices. The fair values of all other financial instruments are based upon pricing provided by third-party pricing services. These prices were derived from observable market inputs. We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value and estimated fair value of our debt as of the indicated periods (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Carrying Fair Credit agreement (carrying value including current maturities) $ 144,375 $ 144,375 $ 120,000 $ 120,000 Convertible debt (par value) 150,000 207,150 150,000 178,920 The fair value for our credit agreement was estimated using a discounted cash flow methodology, while the fair value for our convertible debt was estimated based upon quoted market prices or recent sales activity, both of which are considered Level 2 inputs. See Note 4 for discussion regarding the amendment to our credit agreement. Accounting Pronouncement Issued But Not Yet Effective. The Financial Accounting Standards Board (“FASB”) has issued Accounting Standards Update (“ASU”) 2014-09, (Topic 606). This ASU is a single comprehensive model which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. Under the new guidance, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date We are currently in the process of evaluating the impact that this new guidance will have on our consolidated financial statements and our method of adoption.

Long-Lived Assets

Long-Lived Assets	9 Months Ended
	Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Long-Lived Assets	3. LONG-LIVED ASSETS Goodwill. The changes in the carrying amount of goodwill for the nine months ended September 30, 2015, were as follows (in thousands): January 1, 2015 balance $ 225,269 Adjustments related to prior acquisitions (45 ) Effects of changes in foreign currency exchange rates (3,138 ) September 30, 2015 balance $ 222,086 Other Intangible Assets. Our intangible assets subject to ongoing amortization consist primarily of client contracts and software. As of September 30, 2015 and December 31, 2014, the carrying values of these assets were as follows (in thousands): September 30, 2015 December 31, 2014 Gross Accumulated Net Gross Accumulated Net Client contracts $ 127,042 $ (84,885 ) $ 42,157 $ 135,488 $ (88,585 ) $ 46,903 Software 132,614 (94,328 ) 38,286 131,529 (86,797 ) 44,732 Total $ 259,656 $ (179,213 ) $ 80,443 $ 267,017 $ (175,382 ) $ 91,635 The total amortization expense related to intangible assets for the third quarters of 2015 and 2014 were $6.8 million and $7.8 million, respectively, and for the nine months ended September 30, 2015 and 2014 were $20.1 million and $23.5 million, respectively. Based on the September 30, 2015 net carrying value of our intangible assets, the estimated total amortization expense for each of the five succeeding fiscal years ending December 31 are: 2015 – $26.4 million; 2016 – $21.3 million; 2017 – $16.1 million; 2018 – $12.7 million; and 2019 – $9.1 million.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	4. DEBT Our long-term debt, as of September 30, 2015 and December 31, 2014, was as follows (in thousands): September 30, 2015 December 31, 2015 Credit Agreement: Term loan, due February 2020, interest at adjusted LIBOR plus 1.75% (combined rate of 2.08% at September 30, 2015) $ 144,375 $ — $200 million revolving loan facility, due February 2020, interest at adjusted LIBOR plus applicable margin — — 2012 Credit Agreement: Term loan, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus 2.00% (combined rate of 2.25% at December 31, 2014) — 120,000 $100 million revolving loan facility, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus applicable margin — — Convertible Debt Securities: 2010 Convertible Notes – senior subordinated convertible notes; due March 1, 2017; cash interest at 3.0%; net of unamortized original issue discount (“OID”) of $9,530 and $14,169, respectively 140,470 135,831 284,845 255,831 Current portion of long-term debt (7,500 ) (22,500 ) Total long-term debt, net $ 277,345 $ 233,331 2015 Credit Agreement. In February 2015, we entered into an amended and restated $350 million credit agreement with several financial institutions (the “2015 Credit Agreement”) to replace the 2012 Credit Agreement. The 2015 Credit Agreement provides borrowings in the form of: (i) a $150 million aggregate principal five-year term loan (the “2015 Term Loan”); and (ii) a $200 million aggregate principal five-year revolving loan facility (the “2015 Revolver”). With the $150 million proceeds from the 2015 Term Loan, we repaid the outstanding $120 million balance from term loan under the 2012 Credit Agreement, resulting in a net increase of available cash by $30 million, a portion of which was used to pay certain fees and expenses in connection with the refinancing. As a result of the 2015 Credit Agreement, we have pledged assets under a security agreement in favor of a financial institution as collateral agent (the “Security Agreement”). Under the Security Agreement, all of our domestic subsidiaries have pledged substantially all of their assets to secure the obligations under the 2015 Credit Agreement and related security agreement. In conjunction with the closing of the 2015 Credit Agreement, we incurred financing costs of $2.7 million. When combined with the remaining deferred financing costs for the 2012 Credit Agreement, financing costs of $5.9 million have been deferred and are being amortized to interest expense using the effective interest method over the related term of the 2015 Credit Agreement, and financing costs of $0.9 million were recorded in interest expense. 2010 Convertible Notes. Refer to Note 5 in our 2014 10-K for disclosure of the 2010 Convertible Notes’ three contingent conversion features. As the result of our declaring a cash dividend in August 2015 (see Note 7), the previous conversion rate for the 2010 Convertible Notes of 43.1307 shares of our common stock for each $1,000 in principal amount of the 2010 Convertible Notes (equivalent to a conversion price of $23.19 per share of our common stock) has been adjusted to 43.3794 shares of our common stock for each $1,000 in principal amount of the 2010 Convertible Notes (equivalent to a conversion price of $23.05 per share of our common stock). Prior to September 1, 2016, holders of the 2010 Convertible Notes can convert their securities at any time in the fiscal quarter following the period in which the price of our common stock trades over 130% of the conversion price for at least 20 consecutive trading days in the last 30 trading days of a fiscal quarter. As of June 23, 2015, the closing price of our common stock exceeded 130% of the conversion price for the required period and the 2010 Convertible Notes were convertible at the holder’s option during the quarter beginning July 1, 2015 and ending September 30, 2015; however, none of the 2010 Convertible Notes were converted during this period. As of September 30, 2015, none of the contingent conversion features were achieved, and thus, the 2010 Convertible Notes are not convertible by the holders. Upon any conversion of the 2010 Convertible Notes, we will settle our conversion obligation as follows: (i) we are required to pay cash for 100% of the par value of the 2010 Convertible Notes that are converted; and (ii) to the extent the value of our conversion obligation exceeds the par value, we can satisfy the remaining conversion obligation in our common stock, cash or any combination of our common stock and cash, at our discretion. Based on our September 30, 2015 closing stock price of $30.80 per share, the 2010 Convertible Notes would have had a total settlement value of approximately $200 million.

Commitments, Guarantees and Con

Commitments, Guarantees and Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments, Guarantees and Contingencies	5. COMMITMENTS, GUARANTEES AND CONTINGENCIES Warranties. We generally warrant that our solutions and related offerings will conform to published specifications, or to specifications provided in an individual client arrangement, as applicable. The typical warranty period is 90 days from the date of acceptance of the solution or offering. For certain service offerings we provide a limited warranty for the duration of the services provided. We generally warrant that services will be performed in a professional and workmanlike manner. The typical remedy for breach of warranty is to correct or replace any defective deliverable, and if not possible or practical, we will accept the return of the defective deliverable and refund the amount paid under the client arrangement that is allocable to the defective deliverable. Our contracts also generally contain limitation of damages provisions in an effort to reduce our exposure to monetary damages arising from breach of warranty claims. Historically, we have incurred minimal warranty costs, and as a result, do not maintain a warranty reserve. Product and Services Indemnifications. Our arrangements with our clients generally include an indemnification provision that will indemnify and defend a client in actions brought against the client that claim our products and/or services infringe upon a copyright, trade secret, or valid patent. Historically, we have not incurred any significant costs related to such indemnification claims, and as a result, do not maintain a reserve for such exposure. Claims for Company Non-performance. Our arrangements with our clients typically cap our liability for breach to a specified amount of the direct damages incurred by the client resulting from the breach. From time-to-time, these arrangements may also include provisions for possible liquidated damages or other financial remedies for our non-performance, or in the case of certain of our outsourced customer care and billing solutions, provisions for damages related to service level performance requirements. The service level performance requirements typically relate to system availability and timeliness of service delivery. As of September 30, 2015, we believe we have adequate reserves, based on our historical experience, to cover any reasonably anticipated exposure as a result of our nonperformance for any past or current arrangements with our clients. Indemnifications Related to Officers and the Board of Directors. We have agreed to indemnify members of our Board of Directors (the “Board”) and certain of our officers if they are named or threatened to be named as a party to any proceeding by reason of the fact that they acted in such capacity. We maintain directors’ and officers’ (D&O) insurance coverage to protect against such losses. We have not historically incurred any losses related to these types of indemnifications, and are not aware of any pending or threatened actions or claims against any officer or member of our Board. As a result, we have not recorded any liabilities related to such indemnifications as of September 30, 2015. In addition, as a result of the insurance policy coverage, we believe these indemnification agreements are not significant to our results of operations. Legal Proceedings. From time-to-time, we are involved in litigation relating to claims arising out of our operations in the normal course of business. We are not presently a party to any material pending or threatened legal proceedings.

Earnings Per Common Share

Earnings Per Common Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	6. EARNINGS PER COMMON SHARE Basic and diluted earnings per common share (“EPS”) amounts are presented on the face of the accompanying Income Statements. No reconciliation of the basic and diluted EPS numerators is necessary as net income is used as the numerators for all periods presented. The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (in thousands): Quarter Ended Nine Months Ended 2015 2014 2015 2014 Basic weighted-average common shares 30,920 32,604 31,087 32,514 Dilutive effect of restricted common stock 571 575 598 565 Dilutive effect of 2010 Convertible Notes 1,664 813 1,454 778 Dilutive effect of Stock Warrants 132 4 102 1 Diluted weighted-average common shares 33,287 33,996 33,241 33,858 In March 2015, we received an initial delivery of 1.3 million shares related our accelerated stock repurchase transaction agreement which reduced our weighted average shares outstanding for purposes of calculating basic and diluted EPS for the first quarter and nine months of 2015 (see Note 7). The 2010 Convertible Notes have a dilutive effect only in those quarterly periods in which our average stock price exceeds the current effective conversion price (see Note 4). The Stock Warrants have a dilutive effect only in those quarterly periods in which our average stock price exceeds the exercise price of $26.68 per warrant (under the treasury stock method), and are not subject to performance vesting conditions (see Note 7). Potentially dilutive common shares related to non-participating unvested restricted stock excluded from the computation of diluted EPS, as the effect was antidilutive, were not material in any period presented.

Stockholders' Equity and Equity

Stockholders' Equity and Equity Compensation Plans	9 Months Ended
	Sep. 30, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity and Equity Compensation Plans	7. STOCKHOLDERS’ EQUITY AND EQUITY COMPENSATION PLANS Stock Repurchase Program. We currently have a stock repurchase program, approved by our Board, authorizing us to repurchase our common stock from time-to-time as market and business conditions warrant (the “Stock Repurchase Program”). In February 2015, our Board approved a 7.5 million share increase in the number of shares authorized for repurchase under the Stock Repurchase Program, bringing the total number of shares authorized to 42.5 million. During the nine months ended September 30, 2015 and 2014, we repurchased 0.3 million shares of our common stock for $7.0 million (weighted-average price of $27.06 per share) and 0.2 million shares of our common stock for $5.2 million (weighted-average price of $27.26 per share), respectively, under a Securities and Exchange Commission (“SEC”) Rule 10b5-1 Plan. In March 2015, we entered into an accelerated share repurchase transaction agreement (the “ASR Agreement”) with a counterparty to repurchase $50 million of our common stock. We paid $50 million to the counterparty and received an initial delivery of 1.3 million shares of our outstanding common stock for an aggregate value of approximately $40 million. The initial shares were reflected as treasury stock in the period the shares were delivered. The remaining amount was recorded as a forward contract indexed to our common stock in additional paid in capital. The final delivery of shares under the ASR Agreement will be based generally upon the daily volume weighted average price of our common stock during the repurchase period. At settlement, under certain circumstances, the counterparty may be required to deliver additional shares of common stock to us, or under certain circumstances, we may be required to deliver shares of common stock or cash, at our option, to the counterparty. Final settlement of the transactions under the ASR Agreement is expected to occur no later than December 2015. The ASR Agreement meets all the applicable criteria for equity classification, and, therefore, is not accounted for as a derivative instrument. As of September 30, 2015, the total remaining number of shares available for repurchase under the Stock Repurchase Program totaled 7.3 million shares. Stock Repurchases for Tax Withholdings. In addition to the above mentioned stock repurchases, during the nine months ended September 30, 2015 and 2014, we repurchased and then cancelled 0.3 million shares of common stock for $8.0 million and 0.2 million shares of common stock for $6.7 million, respectively, in connection with minimum tax withholding requirements resulting from the vesting of restricted common stock under our stock incentive plans. Cash During the third quarter of 2015, the Board approved a quarterly cash dividend of $0.1750 per share of common stock, totaling $5.7 million. During the third quarter of 2014, the Board approved a quarterly cash dividend of $0.1575 per share of common stock, totaling $5.5 million. Dividends declared for the nine months ended September 30, 2015 and 2014, totaled $17.2 million and $16.0 million, respectively Warrants . In 2014, in conjunction with the execution of an amendment to our current agreement with Comcast Corporation (“Comcast”), we issued stock warrants (the “Warrant Agreement”) for the right to purchase up to approximately 2.9 million shares of our common stock (the “Stock Warrants”) as an additional incentive for Comcast to migrate new customer accounts to ACP. The Stock Warrants have a 10-year term and an exercise price of $26.68 per warrant. As of September 30, 2015, approximately 1.0 million Stock Warrants have vested. Upon vesting, the Stock Warrants are recorded as a client incentive asset with the corresponding offset to stockholders’ equity. The client incentive asset related to the Stock Warrants is amortized as a reduction in processing and related services revenues over the remaining term of the Comcast amended agreement. As of September 30, 2015, we recorded a client incentive asset related to these Stock Warrants of $7.3 million and have amortized $1.6 million as a reduction in processing and related services revenues. The remaining unvested Stock Warrants will be accounted for as client incentive assets in the period the performance conditions necessary for vesting have been met. As of September 30, 2015, none of the Stock Warrants had been exercised. Stock-Based Awards. A summary of our unvested restricted common stock activity during the third quarter and nine months ended September 30, 2015 is as follows (shares in thousands): Quarter Ended Nine Months Ended Shares Weighted- Date Fair Value Shares Weighted- Date Fair Value Unvested awards, beginning 2,283 $ 25.34 2,311 $ 22.81 Awards granted 30 31.70 625 29.76 Awards forfeited/cancelled (41 ) 24.04 (82 ) 24.01 Awards vested (228 ) 26.60 (810 ) 21.75 Unvested awards, ending 2,044 $ 25.32 2,044 $ 25.32 Included in the awards granted during the nine months ended September 30, 2015, are performance-based awards for 0.1 million restricted common stock shares issued to members of executive management, which vest in equal installments over three years upon meeting either pre-established financial performance objectives or pre-established stock price objectives. The performance-based awards become fully vested upon a change in control, as defined, and the subsequent involuntary termination of employment. All other restricted common stock shares granted during the third quarter and nine months ended September 30, 2015 are time-based awards, which vest primarily annually over four years with no restrictions other than the passage of time. Certain shares of the restricted common stock become fully vested upon a change in control, as defined, and the subsequent involuntary termination of employment. We recorded stock-based compensation expense for the third quarters of 2015 and 2014 of $5.3 million and $4.5 million, respectively, and for the nine months ended September 30, 2015 and 2014 of $15.8 million and $12.3 million, respectively.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Use of Estimates in Preparation of Financial Statements	Use of Estimates in Preparation of Financial Statements. The preparation of the accompanying Financial Statements in conformity with 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 our Financial Statements, and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents. We consider all highly liquid investments with original maturities of three months or less at the date of the purchase to be cash equivalents. As of September 30, 2015 and December 31, 2014, our cash equivalents consist primarily of institutional money market funds, commercial paper, and time deposits held at major banks. As of September 30, 2015 and December 31, 2014, we had $4.9 million and $4.7 million, respectively, of restricted cash that serves to collateralize outstanding letters of credit. This restricted cash is included in cash and cash equivalents in our Condensed Consolidated Balance Sheets (“Balance Sheets” or “Balance Sheet”).
Short-term Investments and Other Financial Instruments	Short-term Investments and Other Financial Instruments . Our financial instruments as of September 30, 2015 and December 31, 2014 include cash and cash equivalents, short-term investments, accounts receivable, accounts payable, and debt. Because of their short maturities, the carrying amounts of cash equivalents, accounts receivable, and accounts payable approximate their fair value. Our short-term investments and certain of our cash equivalents are considered “available-for-sale” and are reported at fair value in our Balance Sheets, with unrealized gains and losses, net of the related income tax effect, excluded from earnings and reported in a separate component of stockholders’ equity. Realized and unrealized gains and losses were not material in any period presented. Primarily all short-term investments held by us as of September 30, 2015 and December 31, 2014 have contractual maturities of less than two years from the time of acquisition. Our short-term investments as of September 30, 2015 and December 31, 2014 consisted almost entirely of fixed income securities. Proceeds from the sale/maturity of short-term investments for the nine months ended September 30, 2015 and 2014 were $127.8 million and $146.4 million, respectively. The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets and liabilities measured at fair value (in thousands): September 30, 2015 December 31, 2014 Level 1 Level 2 Total Level 1 Level 2 Total Assets: Cash equivalents: Money market funds $ 4,894 $ — $ 4,894 $ 9,785 $ — $ 9,785 Commercial paper — 21,798 21,798 — 12,248 12,248 Short-term investments: Corporate debt securities — 64,086 64,086 — 88,494 88,494 Municipal bonds — 1,352 1,352 — 9,945 9,945 U.S. government agency bonds — 26,462 26,462 — 11,313 11,313 Asset-backed securities — 7,705 7,705 — 10,336 10,336 Total $ 4,894 $ 121,403 $ 126,297 $ 9,785 $ 132,336 $ 142,121 Valuation inputs used to measure the fair values of our money market funds were derived from quoted market prices. The fair values of all other financial instruments are based upon pricing provided by third-party pricing services. These prices were derived from observable market inputs. We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value and estimated fair value of our debt as of the indicated periods (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Carrying Fair Credit agreement (carrying value including current maturities) $ 144,375 $ 144,375 $ 120,000 $ 120,000 Convertible debt (par value) 150,000 207,150 150,000 178,920 The fair value for our credit agreement was estimated using a discounted cash flow methodology, while the fair value for our convertible debt was estimated based upon quoted market prices or recent sales activity, both of which are considered Level 2 inputs. See Note 4 for discussion regarding the amendment to our credit agreement.
Accounting Pronouncement Issued but Not yet Effective	Accounting Pronouncement Issued But Not Yet Effective. The Financial Accounting Standards Board (“FASB”) has issued Accounting Standards Update (“ASU”) 2014-09, (Topic 606). This ASU is a single comprehensive model which supersedes nearly all existing revenue recognition guidance under U.S. GAAP. Under the new guidance, revenue is recognized when promised goods or services are transferred to customers in an amount that reflects the consideration that is expected to be received for those goods or services. The ASU also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. In August 2015, the FASB issued ASU 2015-14 Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date We are currently in the process of evaluating the impact that this new guidance will have on our consolidated financial statements and our method of adoption.

Summary of Significant Accoun16

Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2015
Accounting Policies [Abstract]
Fair Value Measurements	The following table represents the fair value hierarchy based upon three levels of inputs, of which Levels 1 and 2 are considered observable and Level 3 is unobservable, for our financial assets and liabilities measured at fair value (in thousands): September 30, 2015 December 31, 2014 Level 1 Level 2 Total Level 1 Level 2 Total Assets: Cash equivalents: Money market funds $ 4,894 $ — $ 4,894 $ 9,785 $ — $ 9,785 Commercial paper — 21,798 21,798 — 12,248 12,248 Short-term investments: Corporate debt securities — 64,086 64,086 — 88,494 88,494 Municipal bonds — 1,352 1,352 — 9,945 9,945 U.S. government agency bonds — 26,462 26,462 — 11,313 11,313 Asset-backed securities — 7,705 7,705 — 10,336 10,336 Total $ 4,894 $ 121,403 $ 126,297 $ 9,785 $ 132,336 $ 142,121
Carrying Value and Estimated Fair Value of Debt	We have chosen not to measure our debt at fair value, with changes recognized in earnings each reporting period. The following table indicates the carrying value and estimated fair value of our debt as of the indicated periods (in thousands): September 30, 2015 December 31, 2014 Carrying Fair Carrying Fair Credit agreement (carrying value including current maturities) $ 144,375 $ 144,375 $ 120,000 $ 120,000 Convertible debt (par value) 150,000 207,150 150,000 178,920

Long-Lived Assets (Tables)

Long-Lived Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Rollforward of Goodwill	Goodwill. The changes in the carrying amount of goodwill for the nine months ended September 30, 2015, were as follows (in thousands): January 1, 2015 balance $ 225,269 Adjustments related to prior acquisitions (45 ) Effects of changes in foreign currency exchange rates (3,138 ) September 30, 2015 balance $ 222,086
Summary of Carrying Value of Assets	Other Intangible Assets. Our intangible assets subject to ongoing amortization consist primarily of client contracts and software. As of September 30, 2015 and December 31, 2014, the carrying values of these assets were as follows (in thousands): September 30, 2015 December 31, 2014 Gross Accumulated Net Gross Accumulated Net Client contracts $ 127,042 $ (84,885 ) $ 42,157 $ 135,488 $ (88,585 ) $ 46,903 Software 132,614 (94,328 ) 38,286 131,529 (86,797 ) 44,732 Total $ 259,656 $ (179,213 ) $ 80,443 $ 267,017 $ (175,382 ) $ 91,635

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt, as of September 30, 2015 and December 31, 2014, was as follows (in thousands): September 30, 2015 December 31, 2015 Credit Agreement: Term loan, due February 2020, interest at adjusted LIBOR plus 1.75% (combined rate of 2.08% at September 30, 2015) $ 144,375 $ — $200 million revolving loan facility, due February 2020, interest at adjusted LIBOR plus applicable margin — — 2012 Credit Agreement: Term loan, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus 2.00% (combined rate of 2.25% at December 31, 2014) — 120,000 $100 million revolving loan facility, due November 2017 (or December 2016 if certain conditions exist), interest at adjusted LIBOR plus applicable margin — — Convertible Debt Securities: 2010 Convertible Notes – senior subordinated convertible notes; due March 1, 2017; cash interest at 3.0%; net of unamortized original issue discount (“OID”) of $9,530 and $14,169, respectively 140,470 135,831 284,845 255,831 Current portion of long-term debt (7,500 ) (22,500 ) Total long-term debt, net $ 277,345 $ 233,331

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of the Basic and Diluted EPS Denominators	No reconciliation of the basic and diluted EPS numerators is necessary as net income is used as the numerators for all periods presented. The reconciliation of the basic and diluted EPS denominators related to the common shares is included in the following table (in thousands): Quarter Ended Nine Months Ended 2015 2014 2015 2014 Basic weighted-average common shares 30,920 32,604 31,087 32,514 Dilutive effect of restricted common stock 571 575 598 565 Dilutive effect of 2010 Convertible Notes 1,664 813 1,454 778 Dilutive effect of Stock Warrants 132 4 102 1 Diluted weighted-average common shares 33,287 33,996 33,241 33,858

Stockholders' Equity and Equi20

Stockholders' Equity and Equity Compensation Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Stockholders Equity Note [Abstract]
Summary of Unvested Restricted Common Stock Activity	Stock-Based Awards. A summary of our unvested restricted common stock activity during the third quarter and nine months ended September 30, 2015 is as follows (shares in thousands): Quarter Ended Nine Months Ended Shares Weighted- Date Fair Value Shares Weighted- Date Fair Value Unvested awards, beginning 2,283 $ 25.34 2,311 $ 22.81 Awards granted 30 31.70 625 29.76 Awards forfeited/cancelled (41 ) 24.04 (82 ) 24.01 Awards vested (228 ) 26.60 (810 ) 21.75 Unvested awards, ending 2,044 $ 25.32 2,044 $ 25.32

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands	9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Summary Of Significant Accounting Policies [Line Items]
Restricted cash	$ 4,900		$ 4,700
Proceeds from sale/maturity of short-term investments	$ 127,766	$ 146,417
Maximum
Summary Of Significant Accounting Policies [Line Items]
Short-term investment contractual maturities	2 years		2 years

Summary of Significant Accoun22

Summary of Significant Accounting Policies - Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets:
Assets fair value	$ 126,297	$ 142,121
Level 1
Assets:
Assets fair value	4,894	9,785
Level 2
Assets:
Assets fair value	121,403	132,336
Cash equivalents | Money Market Funds
Assets:
Assets fair value	4,894	9,785
Cash equivalents | Money Market Funds | Level 1
Assets:
Assets fair value	4,894	9,785
Cash equivalents | Commercial Paper
Assets:
Assets fair value	21,798	12,248
Cash equivalents | Commercial Paper | Level 2
Assets:
Assets fair value	21,798	12,248
Short-term Investments | Municipal Bonds
Assets:
Assets fair value	1,352	9,945
Short-term Investments | Level 2 | Municipal Bonds
Assets:
Assets fair value	1,352	9,945
Short-term Investments | Corporate Debt Securities
Assets:
Assets fair value	64,086	88,494
Short-term Investments | Corporate Debt Securities | Level 2
Assets:
Assets fair value	64,086	88,494
Short-term Investments | U.S. Government Agency Bonds
Assets:
Assets fair value	26,462	11,313
Short-term Investments | U.S. Government Agency Bonds | Level 2
Assets:
Assets fair value	26,462	11,313
Short-term Investments | Asset-backed securities
Assets:
Assets fair value	7,705	10,336
Short-term Investments | Asset-backed securities | Level 2
Assets:
Assets fair value	$ 7,705	$ 10,336

Summary of Significant Accoun23

Summary of Significant Accounting Policies - Carrying Value and Estimated Fair Value of Debt (Details 1) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Carrying value and estimated fair value of debt
Credit agreement, carrying value	$ 144,375	$ 120,000
Convertible debt, carrying value	150,000	150,000
Credit agreement, fair value	144,375	120,000
Convertible debt, fair value	$ 207,150	$ 178,920

Long-Lived Assets (Details 1)

Long-Lived Assets (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)
Goodwill Rollforward
Beginning balance	$ 225,269
Adjustments related to prior acquisitions	(45)
Effects of changes in foreign currency exchange rates	(3,138)
Ending balance	$ 222,086

Long-Lived Assets - Schedule of

Long-Lived Assets - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Summary of carrying value of assets
Gross Carrying Amount	$ 259,656	$ 267,017
Accumulated Amortization	(179,213)	(175,382)
Net Amount	80,443	91,635
Client contracts
Summary of carrying value of assets
Gross Carrying Amount	127,042	135,488
Accumulated Amortization	(84,885)	(88,585)
Net Amount	42,157	46,903
Software
Summary of carrying value of assets
Gross Carrying Amount	132,614	131,529
Accumulated Amortization	(94,328)	(86,797)
Net Amount	$ 38,286	$ 44,732

Long-Lived Assets (Details Text

Long-Lived Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Total amortization expense	$ 6.8	$ 7.8	$ 20.1	$ 23.5
Estimated total amortization expense 2015	26.4		26.4
Estimated total amortization expense 2016	21.3		21.3
Estimated total amortization expense 2017	16.1		16.1
Estimated total amortization expense 2018	12.7		12.7
Estimated total amortization expense 2019	$ 9.1		$ 9.1

Debt -Long-Term Debt (Details)

Debt -Long-Term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Carrying value of debt	$ 284,845	$ 255,831
Current portion of long-term debt	(7,500)	(22,500)
Total long-term debt, net	277,345	233,331
Senior Subordinated Convertible Notes 2010
Debt Instrument [Line Items]
Carrying value of debt	140,470	135,831
2015 Credit Agreement | Term Loan
Debt Instrument [Line Items]
Carrying value of debt	$ 144,375
2012 Credit Agreement | Term Loan
Debt Instrument [Line Items]
Carrying value of debt		$ 120,000

Debt - Long-Term Debt (Parenthe

Debt - Long-Term Debt (Parenthetical) (Details) - USD ($)	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
2015 Credit Agreement
Debt Instrument [Line Items]
Amount available under credit facility	$ 350,000,000
2015 Credit Agreement | Term Loan
Debt Instrument [Line Items]
Basis spread on term loan	1.75%
Term loan combined interest rate	2.08%
Amount available under credit facility	$ 150,000,000
Maturity period	Feb. 29, 2020
2015 Credit Agreement | Revolving Loan
Debt Instrument [Line Items]
Amount available under credit facility	$ 200,000,000
Maturity period	Feb. 29, 2020
2012 Credit Agreement | Term Loan
Debt Instrument [Line Items]
Basis spread on term loan		2.00%
Term loan combined interest rate		2.25%
Maturity period		Nov. 30, 2017
2012 Credit agreement early termination date		Dec. 1, 2016
2012 Credit Agreement | Revolving Loan
Debt Instrument [Line Items]
Amount available under credit facility		$ 100,000,000
Maturity period		Nov. 30, 2017
2012 Credit agreement early termination date		Dec. 1, 2016
2010 Convertible Notes | Senior Subordinated Convertible Notes 2010
Debt Instrument [Line Items]
Maturity period	Mar. 1, 2017
Interest rate on senior subordinated convertible notes	3.00%
Unamortized original issue discount	$ 9,530,000	$ 14,169,000

Debt - 2015 Credit Agreement (D

Debt - 2015 Credit Agreement (Details Textual) - USD ($)	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Debt Instrument [Line Items]
Proceeds from long-term debt	$ 150,000,000
Cash used for repayment of debt	125,625,000	$ 11,250,000
Deferred financing costs related to convertible notes	5,900,000
Amortization expenses of deferred financing costs included in Interest expense	900,000
2015 Credit Agreement
Debt Instrument [Line Items]
Credit Agreement	350,000,000
Cash used for repayment of debt	120,000,000
Increase (decrease) in available cash	30,000,000
Financing cost	2,700,000
2015 Credit Agreement | Revolving Loan
Debt Instrument [Line Items]
Credit Agreement	200,000,000
2015 Credit Agreement | Term Loan
Debt Instrument [Line Items]
Credit Agreement	150,000,000
Proceeds from long-term debt	$ 150,000,000

Debt - 2010 Convertible Notes (

Debt - 2010 Convertible Notes (Details Textual) - 2010 Convertible Notes	9 Months Ended
	Sep. 30, 2015USD ($)Tradingday$ / shares	Sep. 30, 2014USD ($)$ / shares
Debt Instrument [Line Items]
Initial conversion rate of common stock	43.3794	43.1307
Convertible Notes, initial conversion of Par Value Convertible Notes to common stock	$ 1,000	$ 1,000
Initial conversion price | $ / shares	$ 23.05	$ 23.19
Debt instrument, convertible, terms of conversion feature	Prior to September 1, 2016, holders of the 2010 Convertible Notes can convert their securities at any time in the fiscal quarter following the period in which the price of our common stock trades over 130% of the conversion price for at least 20 consecutive trading days in the last 30 trading days of a fiscal quarter.
Rate of conversion price	130.00%
Debt instrument, convertible, threshold consecutive trading days	20 days
Debt instrument, convertible, threshold trading days | Tradingday	30
Conversion obligation settlement in cash	100.00%
Stock price | $ / shares	$ 30.80
Debt instrument convertible, settlement value	$ 200,000,000

Commitments, Guarantees and C31

Commitments, Guarantees and Contingencies (Details Textual)	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Warranty Period	90 days

Earnings Per Common Share - Rec

Earnings Per Common Share - Reconciliation of the Basic and Diluted EPS Denominators (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Reconciliation of the basic and diluted EPS denominators
Basic weighted-average common shares	30,920	32,604	31,087	32,514
Dilutive effect of restricted common stock	571	575	598	565
Dilutive effect of 2010 Convertible Notes	1,664	813	1,454	778
Dilutive effect of Stock Warrants	132	4	102	1
Diluted weighted-average common shares	33,287	33,996	33,241	33,858

Earnings Per Common Share (Deta

Earnings Per Common Share (Details Textual) - $ / shares shares in Millions	1 Months Ended	9 Months Ended
	Mar. 31, 2015	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Common Share [Line Items]
Shares repurchased		0.3	0.2
Common stock Warrants
Earnings Per Common Share [Line Items]
Exercise price of warrants		$ 26.68
ASR Agreement
Earnings Per Common Share [Line Items]
Shares repurchased	1.3

Stockholders' Equity and Equi34

Stockholders' Equity and Equity Compensation Plans (Details Textual) - USD ($) $ / shares in Units, $ in Millions	1 Months Ended	3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 31, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014	Feb. 28, 2015
Stockholders Equity And Equity Compensation Plans [Line Items]
Increase in number of shares authorized for repurchase							7,500,000
Number of shares authorized for repurchase under stock repurchase program							42,500,000
Shares repurchased				300,000	200,000
Total amount paid				$ 7	$ 5.2
Weighted-average price per share				$ 27.06	$ 27.26
Remaining number of shares available for repurchase		7,300,000		7,300,000
Repurchase of common stock for employee tax withholdings, shares				300,000	200,000
Repurchase of common stock for tax withholdings, value				$ 8	$ 6.7
Cash dividends declared per common share		$ 0.1750	$ 0.1575	$ 0.5250	$ 0.4650
Cash dividend		$ 5.7	$ 5.5	$ 17.2	$ 16
Stock warrants term						10 years
Stock warrants, exercise price						$ 26.68
Stock-based compensation expense		$ 5.3	$ 4.5	$ 15.8	$ 12.3
Performance Shares
Stockholders Equity And Equity Compensation Plans [Line Items]
Performance based awards granted to executive management shares				100,000
Stock-based compensation expense				3 years
Restricted common stock
Stockholders Equity And Equity Compensation Plans [Line Items]
Stock-based compensation expense		4 years		4 years
Migration Of Comcast Current Residential Customer Accounts
Stockholders Equity And Equity Compensation Plans [Line Items]
Number of stock warrants vesting				1,000,000
Comcast Corporation
Stockholders Equity And Equity Compensation Plans [Line Items]
Issuance of stock warrants						2,900,000
Client contract incentive related to stock warrants				$ 7.3
Amortization expense of client contract incentive related to stock warrants				$ 1.6
Stock warrants exercised				0
ASR Agreement
Stockholders Equity And Equity Compensation Plans [Line Items]
Shares repurchased	1,300,000
Total amount paid	$ 40
Accelerated share repurchase agreement, total amount paid	$ 50

Stockholders' Equity and Equi35

Stockholders' Equity and Equity Compensation Plans - Schedule Of Share Based Compensation Restricted Stock Units Award Activity (Details) - Restricted common stock - $ / shares shares in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2015
Shares
Shares, Unvested awards, beginning balance	2,283	2,311
Shares, Awards granted	30	625
Shares, Awards forfeited/cancelled	(41)	(82)
Shares, Awards vested	(228)	(810)
Shares, Unvested awards, ending balance	2,044	2,044
Weighted average grant date fair value
Weighted-Average Grant Date Fair Value, Unvested awards, beginning balance	$ 25.34	$ 22.81
Weighted-Average Grant Date Fair Value, Awards granted	31.70	29.76
Weighted-Average Grant Date Fair Value, Awards forfeited/cancelled	24.04	24.01
Weighted-Average Grant Date Fair Value, Awards vested	26.60	21.75
Weighted-Average Grant Date Fair Value, Unvested awards, ending balance	$ 25.32	$ 25.32