VeriSign (VRSN) 10-Q 22 Oct 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Sep. 30, 2015	Oct. 16, 2015
Document And Entity Information [Abstract]
Entity Registrant Name	VERISIGN INC/CA
Entity Central Index Key	1,014,473
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		111,507,162

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 177,871	$ 191,608
Marketable securities	1,713,087	1,233,076
Accounts receivable, net	14,714	13,448
Other Assets, Current	35,468	41,905
Total current assets	1,941,140	1,480,037
Property and equipment, net	297,299	319,028
Goodwill	52,527	52,527
Deferred Tax Assets, Net of Valuation Allowance, Noncurrent	262,243	266,954
Other long-term assets	24,096	15,918
Total long-term assets	636,165	654,427
Total assets	2,577,305	2,134,464
Current liabilities:
Accounts payable and accrued liabilities	180,106	190,278
Deferred revenues	660,417	621,307
Convertible Debentures, including contingent interest derivative	626,590	620,620
Deferred Tax Liabilities, Net, Current	512,779	477,781
Total current liabilities	1,979,892	1,909,986
Long-term deferred revenues	279,724	269,047
Senior Notes	1,234,890	740,175
Other long-term liabilities	114,209	98,722
Total long-term liabilities	1,628,823	1,107,944
Total liabilities	$ 3,608,715	$ 3,017,930
Commitments and contingencies
Stockholders' deficit:
Preferred stock-par value $.001 per share; Authorized shares: 5,000; Issued and outstanding shares: none	$ 0	$ 0
Common stock-par value $.001 per share; Authorized shares: 1,000,000; Issued shares: 322,968 at September 30, 2015 and 321,699 at December 31, 2014; Outstanding shares: 111,891 at September 30, 2015 and 118,452 at December 31, 2014	323	322
Additional paid-in capital	17,697,985	18,120,045
Accumulated deficit	(18,727,129)	(19,000,835)
Accumulated other comprehensive loss	(2,589)	(2,998)
Total stockholders' deficit	(1,031,410)	(883,466)
Total liabilities and stockholders' deficit	$ 2,577,305	$ 2,134,464

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares shares in Thousands	Sep. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, authorized shares	5,000	5,000
Preferred stock, issued shares	0	0
Preferred stock, outstanding shares	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, authorized shares	1,000,000	1,000,000
Common Stock, Shares, Issued	322,968	321,699
Common stock, outstanding shares	111,891	118,452

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenues	$ 265,780	$ 255,022	$ 786,741	$ 754,200
Costs and expenses:
Cost of revenues	47,218	46,933	143,792	140,948
Sales and marketing	20,966	24,304	67,677	68,244
Research and development	15,019	16,320	48,518	50,453
General and administrative	28,115	27,965	79,090	72,349
Total costs and expenses	111,318	115,522	339,077	331,994
Operating income	154,462	139,500	447,664	422,206
Interest expense	(28,544)	(21,533)	(79,064)	(64,408)
Non-operating income (loss), net	(3,975)	(6,473)	(6,329)	5,037
Income before income taxes	121,943	111,494	362,271	362,835
Income tax expense	(29,486)	(16,305)	(88,565)	(73,047)
Net Income	92,457	95,189	273,706	289,788
Realized foreign currency translation adjustments, included in net income	0	0	(291)	0
Change in unrealized gain on investments, net of tax	565	59	799	34
Realized gain on investments, net of tax, included in net income	(26)	(1)	(99)	2
Other comprehensive income (loss)	539	58	409	36
Comprehensive Income	$ 92,996	$ 95,247	$ 274,115	$ 289,824
Basic income (loss) per share
Continuing operations	$ 0.82	$ 0.77	$ 2.38	$ 2.25
Diluted income (loss) per share
Continuing operations	$ 0.70	$ 0.69	$ 2.06	$ 2.03
Shares used to compute net income per share
Basic	112,955	124,109	115,235	128,924
Diluted	131,721	138,112	132,925	142,584

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities:
Net income	$ 273,706	$ 289,788
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment and amortization of other intangible assets	46,554	47,924
Stock-based compensation	34,351	34,281
Excess tax benefit associated with stock-based compensation	(19,420)	(8,566)
Unrealized Gain (Loss) on Derivatives	9,058	(3,953)
Contingent interest payment for debenture	(10,759)	0
Other, net	8,161	7,470
Changes in operating assets and liabilities
Accounts receivable	(1,319)	(2,550)
Prepaid expenses and other assets	2,967	31,349
Accounts payable and accrued liabilities	14,658	(2,540)
Deferred revenues	49,787	37,237
Deferred Income Taxes	55,203	36
Net cash provided by operating activities	462,947	430,476
Net Cash Provided By Used In Investing Activities Abstract
Proceeds from maturities and sales of marketable securities	1,965,767	2,425,259
Purchases of marketable securities	(2,443,865)	(2,281,523)
Purchases of property and equipment	(28,659)	(30,058)
Other investing activities	(3,666)	351
Net cash used in investing activities	(510,423)	114,029
Cash flows from financing activities:
Proceeds from issuance of common stock from option exercises and employee stock purchase plans	14,690	15,816
Repurchases of common stock	(492,575)	(673,540)
Proceeds from Issuance of Senior Long-term Debt	492,237	0
Excess tax benefit associated with stock-based compensation	19,420	8,566
Net cash used in financing activities	33,772	(649,158)
Effect of exchange rate changes on cash and cash equivalents	(33)	(621)
Net decrease in cash and cash equivalents	(13,737)	(105,274)
Cash and cash equivalents at beginning of period	191,608	339,223
Cash and cash equivalents at end of period	177,871	233,949
Supplemental cash flow disclosures:
Cash paid for interest, net of capitalized interest	68,678	57,767
Cash paid for income taxes, net of refunds received	$ 13,289	$ 34,937

Basis Of Presentation

Basis Of Presentation	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis Of Presentation	Basis of Presentation Interim Financial Statements The accompanying unaudited Condensed Consolidated Financial Statements have been prepared by VeriSign, Inc. (“Verisign” or the “Company”) in accordance with the instructions to Form 10-Q pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”) and, therefore, do not include all information and notes normally provided in audited financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals and other adjustments) considered necessary for a fair presentation have been included. The results of operations for any interim period are not necessarily indicative of, nor comparable to, the results of operations for any other interim period or for a full fiscal year. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the Consolidated Financial Statements and related notes contained in Verisign’s fiscal 2014 Annual Report on Form 10-K (the “2014 Form 10-K”) filed with the SEC on February 13, 2015. Reclassifications Certain reclassifications have been made to prior period amounts to conform to current period presentation. Such reclassifications have no effect on net income as previously reported. Recent Accounting Pronouncements On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers , which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard will become effective for the Company on January 1, 2018. The standard permits the use of either the retrospective or cumulative effect transition method. The Company is evaluating the effect that ASU 2014-09 will have on its consolidated financial statements and related disclosures. The Company has not yet selected a transition method nor has it determined the effect of the standard on its ongoing financial reporting. In April 2015, the FASB issued ASU No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, which requires debt issuance costs to be presented in the balance sheet as a reduction of the related liability rather than an asset. The Company elected to adopt this ASU effective June 30, 2015, and as a result, approximately $25.6 million and $20.4 million of debt issuance costs as of September 30, 2015 and December 31, 2014, respectively, are presented as a reduction of the related debt obligations.

Cash, Cash Equivalents, And Mar

Cash, Cash Equivalents, And Marketable Securities	9 Months Ended
	Sep. 30, 2015
Cash, Cash Equivalents And Marketable Securities [Abstract]
Cash, Cash Equivalents, And Marketable Securities	Cash, Cash Equivalents, and Marketable Securities The following table summarizes the Company’s cash, cash equivalents, and marketable securities: September 30, December 31, 2015 2014 (In thousands) Cash $ 72,290 $ 110,799 Money market funds 113,223 85,453 Time deposits 4,052 3,384 Debt securities issued by the U.S. Treasury 1,712,986 1,233,076 Equity securities of public companies 101 — Total $ 1,902,652 $ 1,432,712 Included in Cash and cash equivalents $ 177,871 $ 191,608 Included in Marketable securities $ 1,713,087 $ 1,233,076 Included in Other long-term assets (Restricted cash) $ 11,694 $ 8,028 The fair value of the debt securities held as of September 30, 2015 was $1.7 billion , including approximately $0.8 million of gross and net unrealized gains. All of the debt securities held as of September 30, 2015 are scheduled to mature in less than one year.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Of Financial Instruments	Fair Value of Financial Instruments Assets and Liabilities Measured at Fair Value on a Recurring Basis The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 : Fair Value Measurement Using Total Fair Value (Level 1) (Level 2) (Level 3) (In thousands) As of September 30, 2015: Assets: Investments in money market funds $ 113,223 $ 113,223 $ — $ — Debt securities issued by the U.S. Treasury 1,712,986 1,712,986 — — Equity securities of public companies 101 101 — — Foreign currency forward contracts (1) 284 — 284 — Total $ 1,826,594 $ 1,826,310 $ 284 $ — Liabilities: Contingent interest derivative on the Subordinated Convertible Debentures $ 25,054 $ — $ — $ 25,054 Foreign currency forward contracts (2) 133 — 133 — Total $ 25,187 $ — $ 133 $ 25,054 As of December 31, 2014: Assets: Investments in money market funds $ 85,453 $ 85,453 $ — $ — Debt securities issued by the U.S. Treasury 1,233,076 1,233,076 — — Foreign currency forward contracts (1) 330 — 330 — Total $ 1,318,859 $ 1,318,529 $ 330 $ — Liabilities: Contingent interest derivative on the Subordinated Convertible Debentures $ 26,755 $ — $ — $ 26,755 Foreign currency forward contracts (2) 169 — 169 — Total $ 26,924 $ — $ 169 $ 26,755 (1) Included in Other current assets (2) Included in Accounts payable and accrued liabilities The fair value of the Company’s investments in money market funds approximates their face value. Such instruments are classified as Level 1 and are included in Cash and cash equivalents. The fair value of the debt securities consisting of U.S. Treasury bills is based on their quoted market prices and are classified as Level 1. Debt securities purchased with original maturities in excess of three months are included in Marketable securities. The fair value of the equity securities of public companies is based on quoted market prices and are classified as Level 1. Investments in equity securities of public companies are included in Marketable securities. The fair value of the Company’s foreign currency forward contracts is based on foreign currency rates quoted by banks or foreign currency dealers and other public data sources. The Company utilizes a valuation model to estimate the fair value of the contingent interest derivative on the subordinated convertible debentures due 2037 (“the Subordinated Convertible Debentures”). The inputs to the model include stock price, bond price, risk free interest rates, volatility, and credit spread observations. As several significant inputs are not observable, the overall fair value measurement of the derivative is classified as Level 3. The volatility and credit spread assumptions used in the calculation are the most significant unobservable inputs. As of September 30, 2015 , the valuation of the contingent interest derivative assumed a volatility rate of approximately 25% and a credit spread of approximately 5% . The fair value of the contingent interest derivative would not have significantly changed using a volatility rate of either 20% or 30% , or a credit spread of either 4% or 6% . The following table summarizes the change in the fair value of the Company’s contingent interest derivative on the Subordinated Convertible Debentures during the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Beginning balance $ 25,841 $ 18,489 $ 26,755 $ 29,004 Payment of contingent interest (5,534 ) — (10,759 ) — Unrealized loss (gain) 4,747 6,562 9,058 (3,953 ) Ending balance $ 25,054 $ 25,051 $ 25,054 $ 25,051 In August 2015, the upside trigger on the Subordinated Convertible Debentures was met for the six month interest period from August 15, 2015 through February 15, 2016. The $ 6.4 million contingent interest payable in February 2016 is included in the balance of the contingent interest derivative on the Subordinated Convertible Debentures as of September 30, 2015. Other The Company’s other financial instruments include cash, accounts receivable, restricted cash, and accounts payable. As of September 30, 2015 , the carrying value of these financial instruments approximated their fair value. The fair value of the Company’s Subordinated Convertible Debentures was $ 2.6 billion as of September 30, 2015 . The fair values of the senior notes due 2023 (the “2023 Senior Notes”) and the senior notes due 2025 (the “2025 Senior Notes”) were $ 734.1 million and $504.7 million , respectively, as of September 30, 2015 . The fair values of these debt instruments are based on available market information from public data sources and are classified as Level 2.

Other Balance Sheet Items

Other Balance Sheet Items	9 Months Ended
	Sep. 30, 2015
Balance Sheet Related Disclosures [Abstract]
Other Balance Sheet Items	Other Balance Sheet Items Other Current Assets Other current assets consist of the following: September 30, December 31, 2015 2014 (In thousands) Income tax and other receivables $ 18,458 $ 24,821 Prepaid expenses 16,018 16,190 Deferred tax assets and other assets 992 894 Total other current assets $ 35,468 $ 41,905 Other Long-Term Assets Other long-term assets consist of the following: September 30, December 31, 2015 2014 (In thousands) Long-term restricted cash 11,694 8,028 Other tax receivable 5,673 5,673 Long-term prepaid expenses and other assets 6,729 2,217 Total other long-term assets $ 24,096 $ 15,918 Accounts Payable and Accrued Liabilities Accounts payable and accrued liabilities consist of the following: September 30, December 31, 2015 2014 (In thousands) Accounts payable $ 18,362 $ 29,335 Accrued employee compensation 38,959 49,470 Customer deposits 34,260 30,103 Income taxes payable and other tax liabilities 40,623 47,079 Accrued interest 33,144 21,138 Other accrued liabilities 14,758 13,153 Total accounts payable and accrued liabilities $ 180,106 $ 190,278 Accrued employee compensation primarily consists of liabilities for employee leave, salaries, payroll taxes, employee contributions to the employee stock purchase plan, and incentive compensation. Accrued employee incentive compensation as of December 31, 2014, was paid during the nine months ended September 30, 2015 . Income taxes payable and other tax liabilities decreased in the nine months ended September 30, 2015 as a result of payments made for income taxes in certain non-U.S. jurisdictions. Accrued interest includes coupon interest on the Subordinated Convertible Debentures, the 2023 Senior Notes and the 2025 Senior Notes.

Stockholders' Deficit

Stockholders' Deficit	9 Months Ended
	Sep. 30, 2015
Stockholders' Equity Note [Abstract]
Stockholders' (Deficit) Equity	Stockholders’ Deficit On January 30, 2015, the Company’s Board of Directors approved an additional authorization for share repurchases of approximately $ 452.9 million of its common stock in addition to the $ 547.1 million remaining available for repurchases of its common stock under the previous share buyback program for a total repurchase authorization of up to $1.0 billion of its common stock. The share buyback program has no expiration date. Purchases made under the program could be effected through open market transactions, block purchases, accelerated share repurchase agreements or other negotiated transactions. During the three and nine months ended September 30, 2015 the Company repurchased 2.3 million and 7.5 million shares of its common stock, respectively, at an average stock price of $67.45 and $62.88 , respectively. The aggregate cost of the repurchases in the three and nine months ended September 30, 2015 was $156.0 million and $471.8 million , respectively. As of September 30, 2015, $604.6 million remained available for further repurchases under the share buyback program. During the nine months ended September 30, 2015 , the Company placed 0.3 million shares, at an average stock price of $63.70 , and for an aggregate cost of $20.8 million , into treasury stock for purposes related to tax withholding upon vesting of Restricted Stock Units (“RSUs”). Since inception the Company has repurchased 211.1 million shares of its common stock for an aggregate cost of $7.2 billion , which is presented as a reduction of Additional paid-in capital.

Calculation Of Net Income Per S

Calculation Of Net Income Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Calculation Of Net Income Per Share Attributable To Verisign Stockholders	Calculation of Net Income per Share The following table presents the computation of weighted-average shares used in the calculation of basic and diluted net income per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Weighted-average shares of common stock outstanding 112,955 124,109 115,235 128,924 Weighted-average potential shares of common stock outstanding: Conversion spread related to the Subordinated Convertible Debentures 18,024 13,228 16,936 12,935 Unvested RSUs 722 730 724 670 Employee stock purchase plan and stock options 20 45 30 55 Shares used to compute diluted net income per share 131,721 138,112 132,925 142,584 The calculation of diluted weighted average shares outstanding, excludes potentially dilutive securities, the effect of which would have been anti-dilutive, as well as performance based RSUs granted by the Company for which the relevant performance criteria have not been achieved. The number of potential shares excluded from the calculation was not significant in any period presented.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Stock-Based Compensation	Stock-based Compensation Stock-based compensation is classified in the Condensed Consolidated Statements of Comprehensive Income in the same expense line items as cash compensation. The following table presents the classification of stock-based compensation: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenues $ 1,722 $ 1,618 $ 5,202 $ 4,748 Sales and marketing 1,683 2,234 4,800 5,902 Research and development 1,478 1,678 4,890 5,189 General and administrative 7,339 9,386 19,459 18,442 Total stock-based compensation expense $ 12,222 $ 14,916 $ 34,351 $ 34,281 The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) RSUs $ 9,871 $ 9,669 $ 27,375 $ 24,450 Performance-based RSUs 2,041 4,897 5,879 8,795 Employee stock purchase plan 958 1,046 3,152 3,124 Capitalization (Included in Property and equipment, net) (648 ) (696 ) (2,055 ) (2,088 ) Total stock-based compensation expense $ 12,222 $ 14,916 $ 34,351 $ 34,281

Interest Expense

Interest Expense	9 Months Ended
	Sep. 30, 2015
Interest Expense [Abstract]
Interest Expense	Interest Expense Senior Notes due 2025 On March 27, 2015 , the Company issued $ 500.0 million principal amount of 5.25% senior unsecured notes due April 1, 2025 . The proceeds are being used for general corporate purposes, including, but not limited to, the repurchase of shares of its common stock under its share buyback program. In connection with the offering the Company incurred $ 6.5 million of issuance costs which are presented as a reduction of the Senior Notes liability subsequent to the adoption of ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs . The issuance costs will be amortized to Interest expense over the 10 year term of the notes. The Company will pay interest on the notes semi-annually on April 1 and October 1, commencing on October 1, 2015. The Company may redeem the 2025 Senior Notes, in whole or in part, at any time at the Company’s option at specified redemption prices. The Company entered into a registration rights agreement (the “Registration Rights Agreement”) with the initial purchasers that provided holders of the notes certain rights relating to registration of the notes under the Securities Act of 1933, as amended. In July 2015, the Company completed an exchange of $499.8 million of its outstanding 2025 Senior Notes, which were not registered under the Securities Act, for an equal principal amount of its 2025 Senior Notes, which have been registered under the Securities Act on an effective exchange offer registration statement filed by the Company pursuant to the Registration Rights Agreement. 2015 Credit Facility On March 31, 2015, the Company entered into a new credit agreement for a $ 200.0 million committed senior unsecured revolving credit facility (the “2015 Credit Facility”). The 2015 Credit Facility replaces the Company’s 2011 Credit Facility which was set to expire in November 2016. The terms of the 2015 Credit Facility are substantially similar to the terms of the previous 2011 Credit Facility. The 2015 Credit Facility includes financial covenants requiring that the Company’s interest coverage ratio not be less than 3.0 to 1.0 for any period of four consecutive quarters and the Company’s leverage ratio not exceed 2.5 to 1.0. As of September 30, 2015, there were no borrowings outstanding under the facility and the Company was in compliance with the financial covenants. The 2015 Credit Facility expires on April 1, 2020 at which time any outstanding borrowings are due. The following table presents the components of the Company’s interest expense: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Contractual interest on the Subordinated Convertible Debentures $ 10,156 $ 10,156 $ 30,469 $ 30,469 Contractual interest on the 2023 Senior Notes 8,672 8,672 26,015 26,015 Contractual interest on the 2025 Senior Notes 6,563 — 13,490 — Amortization of debt discount on the Subordinated Convertible Debentures 2,581 2,375 7,585 6,986 Credit facility fees and amortization of debt issuance costs 734 497 1,973 1,482 Interest capitalized to Property and equipment, net (162 ) (167 ) (468 ) (544 ) Total interest expense $ 28,544 $ 21,533 $ 79,064 $ 64,408

Non-operating (loss) income

Non-operating (loss) income	9 Months Ended
	Sep. 30, 2015
Non-operating (loss) income, net [Abstract]
Other Income and Other Expense Disclosure [Text Block]	Non-operating (Loss) Income, Net The following table presents the components of Non-operating (loss) income, net: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Unrealized (loss) gain on contingent interest derivative on Subordinated Convertible Debentures $ (4,747 ) $ (6,562 ) $ (9,058 ) $ 3,953 Interest income 639 197 1,271 708 Other, net 133 (108 ) 1,458 376 Total non-operating (loss) income, net $ (3,975 ) $ (6,473 ) $ (6,329 ) $ 5,037 Unrealized losses and gains on the contingent interest derivative on the Subordinated Convertible Debentures reflect the change in value of the derivative that results primarily from changes in the Company’s stock price. Interest income is earned principally from the Company’s surplus cash balances and marketable securities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The following table presents income tax expense and the effective tax rate: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Income tax expense $ 29,486 $ 16,305 $ 88,565 $ 73,047 Effective tax rate 24 % 15 % 24 % 20 % The effective tax rate for the three and nine months ended September 30, 2015 and 2014 is lower than the statutory federal rate of 35% primarily due to tax benefits from foreign income taxed at lower rates, partially offset by state income taxes and non-deductible stock-based compensation. The effective tax rate for the three and nine months ended September 30, 2014 was also reduced by discrete income tax benefits recognized as a result of changes in estimates of U.S. income taxes related to the 2013 worthless stock deduction and the 2014 repatriation of earnings from foreign subsidiaries. The Company recognized a discrete tax benefit of $ 5.2 million in the second quarter of 2014 and an additional $ 11.4 million during the third quarter of 2014 related to these changes. Current deferred tax liabilities and Other long-term tax liabilities as of September 30, 2015 reflect the use of a portion of U.S. foreign tax credits during the nine months ended September 30, 2015, an increase in the deferred tax liability related to the Subordinated Convertible Debentures, and the reclassification of unrecognized tax benefits. The Company’s federal income tax returns for 2010, 2011 and 2012 continue to be under examination by the Internal Revenue Service (“the IRS”). During the three months ended September 30, 2015, the Company received notification that its federal income tax returns for 2013 and 2014 are also under examination by the IRS.

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies Legal Proceedings Verisign is involved in various investigations, claims and lawsuits arising in the normal conduct of its business, none of which, in its opinion, will have a material adverse effect on its financial condition, results of operations, or cash flows. The Company cannot assure you that it will prevail in any litigation. Regardless of the outcome, any litigation may require the Company to incur significant litigation expense and may result in significant diversion of management attention. While certain legal proceedings and related indemnification obligations to which the Company is a party specify the amounts claimed, such claims may not represent reasonably possible losses. Given the inherent uncertainties of the litigation, the ultimate outcome of these matters cannot be predicted at this time, nor can the amount of possible loss or range of loss, if any, be reasonably estimated, except in circumstances where an aggregate litigation accrual has been recorded for probable and reasonably estimable loss contingencies. A determination of the amount of accrual required, if any, for these contingencies is made after careful analysis of each matter. The required accrual may change in the future due to new developments in each matter or changes in approach such as a change in settlement strategy in dealing with these matters. The Company does not believe that any such matter currently being reviewed will have a material adverse effect on its financial condition, results of operations, or cash flows. Indemnifications In connection with the sale of the Authentication Services business to Symantec in August 2010, the Company agreed to indemnify Symantec for certain potential legal claims arising from the operation of the Authentication Services business for a period of sixty months after the closing of the sale transaction. The Company’s indemnification obligations in this regard expired in August 2015 with no liability to the Company.

Cash, Cash Equivalents, And M17

Cash, Cash Equivalents, And Marketable Securities (Tables)	9 Months Ended
	Sep. 30, 2015
Cash, Cash Equivalents And Marketable Securities [Abstract]
Cash, Cash Equivalents, And Marketable Securities	The following table summarizes the Company’s cash, cash equivalents, and marketable securities: September 30, December 31, 2015 2014 (In thousands) Cash $ 72,290 $ 110,799 Money market funds 113,223 85,453 Time deposits 4,052 3,384 Debt securities issued by the U.S. Treasury 1,712,986 1,233,076 Equity securities of public companies 101 — Total $ 1,902,652 $ 1,432,712 Included in Cash and cash equivalents $ 177,871 $ 191,608 Included in Marketable securities $ 1,713,087 $ 1,233,076 Included in Other long-term assets (Restricted cash) $ 11,694 $ 8,028

Fair Value Of Financial Instr18

Fair Value Of Financial Instruments (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value, Assets And Liabilities Measured On Recurring Basis	The following table summarizes the Company’s financial assets and liabilities measured at fair value on a recurring basis as of September 30, 2015 and December 31, 2014 : Fair Value Measurement Using Total Fair Value (Level 1) (Level 2) (Level 3) (In thousands) As of September 30, 2015: Assets: Investments in money market funds $ 113,223 $ 113,223 $ — $ — Debt securities issued by the U.S. Treasury 1,712,986 1,712,986 — — Equity securities of public companies 101 101 — — Foreign currency forward contracts (1) 284 — 284 — Total $ 1,826,594 $ 1,826,310 $ 284 $ — Liabilities: Contingent interest derivative on the Subordinated Convertible Debentures $ 25,054 $ — $ — $ 25,054 Foreign currency forward contracts (2) 133 — 133 — Total $ 25,187 $ — $ 133 $ 25,054 As of December 31, 2014: Assets: Investments in money market funds $ 85,453 $ 85,453 $ — $ — Debt securities issued by the U.S. Treasury 1,233,076 1,233,076 — — Foreign currency forward contracts (1) 330 — 330 — Total $ 1,318,859 $ 1,318,529 $ 330 $ — Liabilities: Contingent interest derivative on the Subordinated Convertible Debentures $ 26,755 $ — $ — $ 26,755 Foreign currency forward contracts (2) 169 — 169 — Total $ 26,924 $ — $ 169 $ 26,755 (1) Included in Other current assets (2) Included in Accounts payable and accrued liabilities
Changes In Fair Value Measurement Of Level 3 Items	The following table summarizes the change in the fair value of the Company’s contingent interest derivative on the Subordinated Convertible Debentures during the three and nine months ended September 30, 2015 and 2014: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Beginning balance $ 25,841 $ 18,489 $ 26,755 $ 29,004 Payment of contingent interest (5,534 ) — (10,759 ) — Unrealized loss (gain) 4,747 6,562 9,058 (3,953 ) Ending balance $ 25,054 $ 25,051 $ 25,054 $ 25,051

Other Balance Sheet Items (Tabl

Other Balance Sheet Items (Tables)	9 Months Ended
	Sep. 30, 2015
Balance Sheet Related Disclosures [Abstract]
Income Tax Receivables And Other Current Assets	Other current assets consist of the following: September 30, December 31, 2015 2014 (In thousands) Income tax and other receivables $ 18,458 $ 24,821 Prepaid expenses 16,018 16,190 Deferred tax assets and other assets 992 894 Total other current assets $ 35,468 $ 41,905
Schedule of Other Assets, Noncurrent [Table Text Block]	Other long-term assets consist of the following: September 30, December 31, 2015 2014 (In thousands) Long-term restricted cash 11,694 8,028 Other tax receivable 5,673 5,673 Long-term prepaid expenses and other assets 6,729 2,217 Total other long-term assets $ 24,096 $ 15,918
Components Of Accounts Payable And Accrued Liabilities	Accounts payable and accrued liabilities consist of the following: September 30, December 31, 2015 2014 (In thousands) Accounts payable $ 18,362 $ 29,335 Accrued employee compensation 38,959 49,470 Customer deposits 34,260 30,103 Income taxes payable and other tax liabilities 40,623 47,079 Accrued interest 33,144 21,138 Other accrued liabilities 14,758 13,153 Total accounts payable and accrued liabilities $ 180,106 $ 190,278

Calculation Of Net Income Per20

Calculation Of Net Income Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Weighted Average Number of Shares [Table Text Block]	The following table presents the computation of weighted-average shares used in the calculation of basic and diluted net income per share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Weighted-average shares of common stock outstanding 112,955 124,109 115,235 128,924 Weighted-average potential shares of common stock outstanding: Conversion spread related to the Subordinated Convertible Debentures 18,024 13,228 16,936 12,935 Unvested RSUs 722 730 724 670 Employee stock purchase plan and stock options 20 45 30 55 Shares used to compute diluted net income per share 131,721 138,112 132,925 142,584

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 30, 2015
Share-based Compensation [Abstract]
Classification Of Stock-Based Compensation	The following table presents the classification of stock-based compensation: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenues $ 1,722 $ 1,618 $ 5,202 $ 4,748 Sales and marketing 1,683 2,234 4,800 5,902 Research and development 1,478 1,678 4,890 5,189 General and administrative 7,339 9,386 19,459 18,442 Total stock-based compensation expense $ 12,222 $ 14,916 $ 34,351 $ 34,281
Nature Of Total Stock-Based Compensation	The following table presents the nature of the Company’s total stock-based compensation: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) RSUs $ 9,871 $ 9,669 $ 27,375 $ 24,450 Performance-based RSUs 2,041 4,897 5,879 8,795 Employee stock purchase plan 958 1,046 3,152 3,124 Capitalization (Included in Property and equipment, net) (648 ) (696 ) (2,055 ) (2,088 ) Total stock-based compensation expense $ 12,222 $ 14,916 $ 34,351 $ 34,281

Interest Expense (Tables)

Interest Expense (Tables)	9 Months Ended
	Sep. 30, 2015
Interest Expense [Abstract]
Interest Expense Schedule	The following table presents the components of the Company’s interest expense: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Contractual interest on the Subordinated Convertible Debentures $ 10,156 $ 10,156 $ 30,469 $ 30,469 Contractual interest on the 2023 Senior Notes 8,672 8,672 26,015 26,015 Contractual interest on the 2025 Senior Notes 6,563 — 13,490 — Amortization of debt discount on the Subordinated Convertible Debentures 2,581 2,375 7,585 6,986 Credit facility fees and amortization of debt issuance costs 734 497 1,973 1,482 Interest capitalized to Property and equipment, net (162 ) (167 ) (468 ) (544 ) Total interest expense $ 28,544 $ 21,533 $ 79,064 $ 64,408

Non-operating (loss) income (Ta

Non-operating (loss) income (Tables)	9 Months Ended
	Sep. 30, 2015
Non-operating (loss) income, net [Abstract]
Schedule of Other Nonoperating Income (Expense) [Table Text Block]	The following table presents the components of Non-operating (loss) income, net: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Unrealized (loss) gain on contingent interest derivative on Subordinated Convertible Debentures $ (4,747 ) $ (6,562 ) $ (9,058 ) $ 3,953 Interest income 639 197 1,271 708 Other, net 133 (108 ) 1,458 376 Total non-operating (loss) income, net $ (3,975 ) $ (6,473 ) $ (6,329 ) $ 5,037

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax Expense From Continuing Operations And The Effective Tax Rate	The following table presents income tax expense and the effective tax rate: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (Dollars in thousands) Income tax expense $ 29,486 $ 16,305 $ 88,565 $ 73,047 Effective tax rate 24 % 15 % 24 % 20 %

Basis Of Presentation Basis of

Basis Of Presentation Basis of Presentation (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Basis of Presentation (Narrative) [Abstract]
Debt issuance costs reclassified	$ 25.6	$ 20.4

Cash, Cash Equivalents, And M26

Cash, Cash Equivalents, And Marketable Securities (Cash, Cash Equivalents, And Marketable Securities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Cash	$ 72,290	$ 110,799
Money market funds	113,223	85,453
Time deposits	4,052	3,384
Financial Instruments, Owned, US Government and Agency Obligations, at Fair Value	1,712,986	1,233,076
Available-for-sale Securities, Equity Securities	101	0
Total	1,902,652	1,432,712
Included in Cash and cash equivalents	177,871	191,608	$ 233,949	$ 339,223
Included in Marketable securities	1,713,087	1,233,076
Included in Other assets (Restricted cash)	$ 11,694	$ 8,028

Cash, Cash Equivalents, And M27

Cash, Cash Equivalents, And Marketable Securities Cash, Cash Equivalents, And Marketable Securities narrative (Details) $ in Millions	Sep. 30, 2015USD ($)
Cash, Cash Equivalents And Marketable Securities [Abstract]
Available-for-sale Securities	$ 1,700
Debt securities gross unrealized gains	$ 0.8

Fair Value Of Financial Instr28

Fair Value Of Financial Instruments (Fair Value, Assets And Liabilities Measured On Recurring Basis) (Details) - Measured On A Recurring Basis [Member] - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Total Fair Value [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total fair value of assets	$ 1,826,594	$ 1,318,859
Total fair of value of liabilities	25,187	26,924
Total Fair Value [Member] | Embedded Derivative Financial Instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure	25,054	26,755
Total Fair Value [Member] | Money Market Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments in money market funds	113,223	85,453
Total Fair Value [Member] | Debt Securities Issued By The U.S. Treasury And Other U.S. Government Corporations And Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,712,986	1,233,076
Total Fair Value [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	101
Total Fair Value [Member] | Forward Contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign currency forward contracts assets	284	330
Foreign currency forward contracts liabilities	133	169
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total fair value of assets	1,826,310	1,318,529
Total fair of value of liabilities	0	0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Embedded Derivative Financial Instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure	0	0
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Money Market Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments in money market funds	113,223	85,453
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Debt Securities Issued By The U.S. Treasury And Other U.S. Government Corporations And Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	1,712,986	1,233,076
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	101
Quoted Prices In Active Markets For Identical Assets (Level 1) [Member] | Forward Contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign currency forward contracts assets	0	0
Foreign currency forward contracts liabilities	0	0
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total fair value of assets	284	330
Total fair of value of liabilities	133	169
Significant Other Observable Inputs (Level 2) [Member] | Embedded Derivative Financial Instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure	0	0
Significant Other Observable Inputs (Level 2) [Member] | Money Market Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments in money market funds	0	0
Significant Other Observable Inputs (Level 2) [Member] | Debt Securities Issued By The U.S. Treasury And Other U.S. Government Corporations And Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	0
Significant Other Observable Inputs (Level 2) [Member] | Forward Contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign currency forward contracts assets	284	330
Foreign currency forward contracts liabilities	133	169
Significant Unobservable Inputs (Level 3) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Total fair value of assets	0	0
Total fair of value of liabilities	25,054	26,755
Significant Unobservable Inputs (Level 3) [Member] | Embedded Derivative Financial Instruments [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Derivative Financial Instruments, Liabilities, Fair Value Disclosure	25,054	26,755
Significant Unobservable Inputs (Level 3) [Member] | Money Market Funds [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments in money market funds	0	0
Significant Unobservable Inputs (Level 3) [Member] | Debt Securities Issued By The U.S. Treasury And Other U.S. Government Corporations And Agencies [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	0	0
Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Investments, Fair Value Disclosure	0
Significant Unobservable Inputs (Level 3) [Member] | Forward Contracts [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Foreign currency forward contracts assets	0	0
Foreign currency forward contracts liabilities	$ 0	$ 0

Fair Value Of Financial Instr29

Fair Value Of Financial Instruments (Changes In Fair Value Measurement Of Level 3 Items) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Beginning balance	$ 25,841	$ 18,489	$ 26,755	$ 29,004
Contingent interest payment for debenture	(5,534)	0	(10,759)	0
Unrealized (gain) loss on contingent interest derivative on Convertible Debentures	4,747	6,562	9,058	(3,953)
Ending balance	$ 25,054	$ 25,051	$ 25,054	$ 25,051

Fair Value Of Financial Instr30

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Contingent interest payment for debenture	$ (5,534)	$ 0	$ (10,759)	$ 0
Interest Payable	6,400		$ 6,400
Fair value assumptions expected volatility rate			25.00%
fair value assumptions credit spread			5.00%
Convertible Debt, Fair Value Disclosures	2,600,000		$ 2,600,000
Debt instrument fair value senior notes 2023	734,100		734,100
Debt instrument fair value senior notes 2025	$ 504,700		$ 504,700
Minimum [Member]
fair value hypothetical increase decrease in volatility rate			20.00%
fair value hypothetical increase decrease in credit spread			4.00%
Maximum [Member]
fair value hypothetical increase decrease in volatility rate			30.00%
fair value hypothetical increase decrease in credit spread			6.00%

Other Balance Sheet Items (Inco

Other Balance Sheet Items (Income Tax Receivables And Other Current Assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Income tax and other receivables	$ 18,458	$ 24,821
Prepaid expenses	16,018	16,190
Deferred Tax Assets, Net of Valuation Allowance, Current	992	894
Other Assets, Current	$ 35,468	$ 41,905

Other Balance Sheet Items (Comp

Other Balance Sheet Items (Components Of Accounts Payable And Accrued Liabilities) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Accounts payable	$ 18,362	$ 29,335
Accrued employee compensation	38,959	49,470
Customer deposits, net	34,260	30,103
Taxes payable and other tax liabilities	40,623	47,079
accrued interest, current	33,144	21,138
Other accrued liabilities	14,758	13,153
Total accounts payable and accrued liabilities	$ 180,106	$ 190,278

Other Balance Sheet Items Other

Other Balance Sheet Items Other Balance Sheet Items (Other long-term assets) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Balance Sheet Related Disclosures [Abstract]
Long-term restricted cash	$ 11,694	$ 8,028
Other tax receivable	5,673	5,673
Long-term prepaid expenses and other assets	6,729	2,217
Total other long-term assets	$ 24,096	$ 15,918

Stockholders' Deficit (Narrativ

Stockholders' Deficit (Narrative) (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	1 Months Ended	3 Months Ended	9 Months Ended
	Jan. 30, 2015	Sep. 30, 2015	Sep. 30, 2015
Treasury Stock Repurchase Programs [Line Items]
Additional share repurchase amount authorized	$ 452.9
Remaining common stock available for repurchase	$ 547.1	$ 604.6	$ 604.6
Common stock, held in treasury		211.1	211.1
Common stock repurchased		$ 7,200	$ 7,200
Share Buyback Program [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock authorized to repurchase		$ 1,000	$ 1,000
Common stock repurchase, share		2.3	7.5
Average stock price		$ 67.45	$ 62.88
Aggregate cost of share		$ 156	$ 471.8
Restricted Stock Units [Member]
Treasury Stock Repurchase Programs [Line Items]
Common stock repurchase, share			0.3
Average stock price			$ 63.70
Aggregate cost of share			$ 20.8

Calculation Of Net Income Per35

Calculation Of Net Income Per Share (Weighted-Average Shares Used In Calculation Of Basic And Diluted EPS) (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Earnings Per Share [Abstract]
Weighted-average number of common shares outstanding	112,955	124,109	115,235	128,924
Conversion spread related to Convertible Debentures	18,024	13,228	16,936	12,935
Unvested restricted stock units	722	730	724	670
Employee stock purchase plan	20	45	30	55
Shares used to compute diluted net income per share	131,721	138,112	132,925	142,584

Stock-Based Compensation (Class

Stock-Based Compensation (Classification Of Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 12,222	$ 14,916	$ 34,351	$ 34,281
Cost Of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,722	1,618	5,202	4,748
Sales And Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,683	2,234	4,800	5,902
Research And Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	1,478	1,678	4,890	5,189
General And Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation	$ 7,339	$ 9,386	$ 19,459	$ 18,442

Stock-Based Compensation (Natur

Stock-Based Compensation (Nature Of Total Stock-Based Compensation) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	$ (648)	$ (696)	$ 2,055	$ 2,088
Stock-based compensation	12,222	14,916	34,351	34,281
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	9,871	9,669	27,375	24,450
Performance Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	2,041	4,897	5,879	8,795
Employee Stock Purchase Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 958	$ 1,046	$ 3,152	$ 3,124

Interest Expense (Interest Expe

Interest Expense (Interest Expense Schedule) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Contractual interest on Convertible Debentures	$ 10,156	$ 10,156	$ 30,469	$ 30,469
Amortization of debt discount on the Convertible Debentures	2,581	2,375	7,585	6,986
Credit facility and other interest expense	734	497	1,973	1,482
Interest capitalized to Property and equipment, net	(162)	(167)	(468)	(544)
Total interest expense	28,544	21,533	79,064	64,408
Due 2023 [Member]
Contractual interest on Notes	8,672	8,672	26,015	26,015
Due 2025 [Member]
Contractual interest on Notes	$ 6,563	$ 0	$ 13,490	$ 0

Debt and Interest Expense Debt

Debt and Interest Expense Debt and Interest Expense (Narrative) (Details) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)	Mar. 27, 2015USD ($)Rate
Debt Instrument [Line Items]
Debt Instrument, Offering Date	Mar. 27, 2015
Debt Instrument, Face Amount		$ 500
Debt Instrument, Interest Rate, Stated Percentage | Rate		5.25%
Debt Instrument, Maturity Date	Apr. 1, 2025
Sr. Notes Exchanged	$ 499.8
issuance cost on senior note	$ 6.5
Debt Instrument, Term Length	10 years
Debt Instrument, Unused Borrowing Capacity, Amount	$ 200
Minimum [Member]
Debt Instrument [Line Items]
Interest Coverage Ratio	3
Maximum [Member]
Debt Instrument [Line Items]
Leverage Ratio	2.5

Non-operating (loss) income (De

Non-operating (loss) income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Non-operating (loss) income, net [Abstract]
Unrealized Gain (Loss) on Derivatives	$ (4,747)	$ (6,562)	$ (9,058)	$ 3,953
Interest and Dividend Income, Securities	639	197	1,271	708
Other Nonoperating Income (Expense)	133	(108)	1,458	376
Nonoperating (loss) Income	$ (3,975)	$ (6,473)	$ (6,329)	$ 5,037

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended			9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Jun. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Statutory federal rate	35.00%	35.00%		35.00%	35.00%
income tax benefit, related to worthless stock deduction		$ 11.4	$ 5.2

Income Taxes (Income Tax Expens

Income Taxes (Income Tax Expense From Continuing Operations And Effective Tax Rate) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Tax Disclosure [Abstract]
Income tax expense from continuing operations	$ 29,486	$ 16,305	$ 88,565	$ 73,047
Effective tax rate	24.00%	15.00%	24.00%	20.00%

Contingencies (Details)

Contingencies (Details)	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Indemnification period (months)	60