Manhattan Associates (MANH) 10-Q 29 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 25, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'MANH	'
Entity Registrant Name	'MANHATTAN ASSOCIATES INC	'
Entity Central Index Key	'0001056696	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	75,788,854

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$116,649	$124,375
Short term investments	9,285	8,581
Accounts receivable, net of allowance of $3,844 and $3,156 in 2014 and 2013, respectively	66,779	71,136
Deferred income taxes	7,321	7,300
Prepaid expenses and other current assets	10,571	7,346
Total current assets	210,605	218,738
Property and equipment, net	14,108	14,342
Goodwill, net	62,272	62,272
Deferred income taxes	438	427
Other assets	3,321	2,049
Total assets	290,744	297,828
Current liabilities:	'	'
Accounts payable	8,281	11,555
Accrued compensation and benefits	17,661	19,465
Accrued and other liabilities	12,092	12,225
Deferred revenue	59,449	53,812
Income taxes payable	2,446	7,131
Total current liabilities	99,929	104,188
Other non-current liabilities	13,125	12,054
Shareholders' equity:	'	'
Preferred stock, no par value; 20,000,000 shares authorized, no shares issued or outstanding in 2014 and 2013	'	'
Common stock, $.01 par value; 100,000,000 shares authorized; 75,831,405 and 76,374,180 shares issued and outstanding at March 31, 2014 and December 31, 2013, respectively	758	764
Retained earnings	183,695	188,604
Accumulated other comprehensive loss	-6,763	-7,782
Total shareholders' equity	177,690	181,586
Total liabilities and shareholders' equity	$290,744	$297,828

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accounts receivable, allowance	$3,844	$3,156
Preferred stock, par value	'	'
Preferred stock, shares authorized	20,000,000	20,000,000
Preferred stock, shares issued	'	'
Preferred stock, shares outstanding	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	75,831,405	76,374,180
Common stock, shares outstanding	75,831,405	76,374,180

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue:	'	'
Software license	$17,107	$14,245
Services	86,913	74,887
Hardware and other	9,543	7,469
Total revenue	113,563	96,601
Costs and expenses:	'	'
Cost of license	1,613	1,778
Cost of services	38,460	35,046
Cost of hardware and other	7,479	6,214
Research and development	11,803	11,476
Sales and marketing	12,020	11,434
General and administrative	10,649	9,508
Depreciation and amortization	1,488	1,484
Total costs and expenses	83,512	76,940
Operating income	30,051	19,661
Other (loss) income, net	-233	151
Income before income taxes	29,818	19,812
Income tax provision	11,106	6,457
Net income	$18,712	$13,355
Basic earnings per share	$0.25	$0.17
Diluted earnings per share	$0.24	$0.17
Weighted average number of shares:	'	'
Basic	75,817	77,308
Diluted	76,795	78,740

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income	$18,712	$13,355
Foreign currency translation adjustment	1,019	-80
Comprehensive income	$19,731	$13,275

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating activities:	'	'
Net income	$18,712	$13,355
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	1,488	1,484
Equity-based compensation	2,274	1,907
(Gain) loss on disposal of equipment	-17	1
Tax benefit of stock awards exercised/vested	6,547	4,206
Excess tax benefits from equity-based compensation	-6,509	-4,163
Deferred income taxes	1,302	1,682
Unrealized foreign currency loss (gain)	90	-75
Changes in operating assets and liabilities:	'	'
Accounts receivable, net	4,496	2,255
Other assets	-4,447	-594
Accounts payable, accrued and other liabilities	-5,638	-6,652
Income taxes	-4,647	-3,720
Deferred revenue	5,493	10,414
Net cash provided by operating activities	19,144	20,100
Investing activities:	'	'
Purchase of property and equipment	-1,156	-598
Net purchases of investments	-427	-1,115
Net cash used in investing activities	-1,583	-1,713
Financing activities:	'	'
Purchase of common stock	-33,179	-20,474
Proceeds from issuance of common stock from options exercised	730	2,623
Excess tax benefits from equity-based compensation	6,509	4,163
Net cash used in financing activities	-25,940	-13,688
Foreign currency impact on cash	653	-343
Net change in cash and cash equivalents	-7,726	4,356
Cash and cash equivalents at beginning of period	124,375	96,737
Cash and cash equivalents at end of period	$116,649	$101,093

Basis_of_Presentation_Principl

Basis of Presentation, Principles of Consolidation and Stock Split	3 Months Ended
	Mar. 31, 2014
Basis of Presentation, Principles of Consolidation and Stock Split	'
	1. Basis of Presentation, Principles of Consolidation and Stock Split
	Basis of Presentation
	The accompanying unaudited condensed consolidated financial statements of Manhattan Associates, Inc. and its subsidiaries (the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States for interim financial information, with the instructions to Form 10-Q and with Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required for complete financial statements. In the opinion of management, these condensed consolidated financial statements contain all normal recurring adjustments considered necessary for a fair presentation of the Company’s financial position at March 31, 2014, the results of operations for the three months ended March 31, 2014 and 2013, and cash flows for the three months ended March 31, 2014 and 2013. The results for the three months ended March 31, 2014 are not necessarily indicative of the results to be expected for the full year. These statements should be read in conjunction with the Company’s audited consolidated financial statements and management’s discussion and analysis included in the Company’s annual report on Form 10-K for the year ended December 31, 2013.
	Principles of Consolidation
	The accompanying condensed consolidated financial statements include the Company’s accounts and the accounts of its wholly-owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.
	Stock Split
	On December 19, 2013, the Board of Directors of the Company approved a four-for-one stock split of the Company’s common stock, effected in the form of a stock dividend. Each shareholder of record at the close of business on December 31, 2013 received three additional shares for every outstanding share held on the record date. The additional shares were distributed on January 10, 2014 and trading began on a split-adjusted basis on January 13, 2014. All references made to share or per share amounts in the accompanying consolidated financial statements and applicable disclosures have been restated to reflect the effect of this four-for-one stock split for all periods presented. The Company retained the current par value of $0.01 per share for all shares of common stock.

Revenue_Recognition

Revenue Recognition	3 Months Ended
	Mar. 31, 2014
Revenue Recognition	'
	2. Revenue Recognition
	The Company’s revenue consists of fees from the licensing and hosting of software (collectively included in “Software license” revenue in the Condensed Consolidated Statements of Income), fees from implementation and training services (collectively, “professional services”) and customer support services and software enhancements (collectively with professional services revenue included in “Services” revenue in the Condensed Consolidated Statements of Income), and sales of hardware and other revenue, which consists of reimbursements of out-of-pocket expenses incurred in connection with our professional services (collectively included in “Hardware and other” revenue in the Condensed Consolidated Statements of Income). All revenue is recognized net of any related sales taxes.
	The Company recognizes license revenue when the following criteria are met: (1) a signed contract is obtained covering all elements of the arrangement, (2) delivery of the product has occurred, (3) the license fee is fixed or determinable, and (4) collection is probable. Revenue recognition for software with multiple-element arrangements requires recognition of revenue using the “residual method” when (a) there is vendor-specific objective evidence (VSOE) of the fair values of all undelivered elements in a multiple-element arrangement that is not accounted for using long-term contract accounting, (b) VSOE of fair value does not exist for one or more of the delivered elements in the arrangement, and (c) all other applicable revenue-recognition criteria for software revenue recognition are satisfied. For those contracts that contain significant customization or modifications, license revenue is recognized using contract accounting.
	The Company allocates revenue to customer support services and software enhancements and any other undelivered elements of the arrangement based on VSOE of fair value of each element and such amounts are deferred until the applicable delivery criteria and other revenue recognition criteria have been met. The balance of the revenue, net of any discounts inherent in the arrangement, is recognized at the outset of the arrangement using the residual method as the product licenses are delivered. If the Company cannot objectively determine the fair value of each undelivered element based on the VSOE of fair value, the Company defers revenue recognition until all elements are delivered, all services have been performed, or until fair value can be objectively determined. The Company must apply judgment in determining all elements of the arrangement and in determining the VSOE of fair value for each element, considering the price charged for each product on a stand-alone basis or applicable renewal rates. For arrangements that include future software functionality deliverables, the Company accounts for these deliverables as a separate element of the arrangement. Because the Company does not sell these deliverables on a standalone basis, the Company is not able to establish VSOE of fair value of these deliverables. As a result, the Company defers all revenue under the arrangement until the future functionality has been delivered to the customer.
	Payment terms for the Company’s software licenses vary. Each contract is evaluated individually to determine whether the fees in the contract are fixed or determinable and whether collectibility is probable. Judgment is required in assessing the probability of collection, which is generally based on evaluation of customer-specific information, historical collection experience, and economic market conditions. If market conditions decline, or if the financial conditions of customers deteriorate, the Company may be unable to determine that collectibility is probable, and the Company could be required to defer the recognition of revenue until the Company receives customer payments. The Company has an established history of collecting under the terms of its software license contracts without providing refunds or concessions to its customers. Therefore, the Company has determined that the presence of payment terms that extend beyond contract execution in a particular contract do not preclude the conclusion that the fees in the contract are fixed or determinable. Although infrequent, when payment terms in a contract extend beyond twelve months, the Company has determined that such fees are not fixed or determinable and recognizes revenue as payments become due provided that all other conditions for revenue recognition have been met.
	The Company’s services revenue consists of fees generated from professional services and customer support and software enhancements related to the Company’s software products. Professional services include system planning, design, configuration, testing, and other software implementation support and are not typically essential to the functionality of our software. Fees from professional services performed by the Company are separately priced and are generally billed on an hourly basis, and revenue is recognized as the services are performed. In certain situations, professional services are rendered under agreements in which billings are limited to contractual maximums or based upon a fixed fee for portions of or all of the engagement. Revenue related to fixed-fee-based contracts is recognized on a proportional performance basis based on the hours incurred on discrete projects within an overall services arrangement. The Company has determined that output measures, or services delivered, approximate the input measures associated with fixed-fee services arrangements. Project losses are provided for in their entirety in the period in which they become known. Revenue related to customer support services and software enhancements is generally paid in advance and recognized ratably over the term of the agreement, typically twelve months.
	Hardware and other revenue is generated from the resale of a variety of hardware products, developed and manufactured by third parties, that are integrated with and complementary to the Company’s software solutions. As part of a complete solution, the Company’s customers periodically purchase hardware from the Company for use with the software licenses purchased from the Company. These products include computer hardware, radio frequency terminal networks, radio frequency identification (RFID) chip readers, bar code printers and scanners, and other peripherals. Hardware revenue is recognized upon shipment to the customer when title passes. The Company generally purchases hardware from the Company’s vendors only after receiving an order from a customer. As a result, the Company generally does not maintain hardware inventory.
	In accordance with the other presentation matters within the Revenue Recognition Topic of the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification, the Company recognizes amounts associated with reimbursements from customers for out-of-pocket expenses as revenue. Such amounts have been included in “Hardware and other” revenue in the Condensed Consolidated Statements of Income. The total amount of expense reimbursement recorded to revenue was $3.6 million and $3.3 million for the three months ended March 31, 2014 and 2013, respectively.

Fair_Value_Measurement

Fair Value Measurement	3 Months Ended
	Mar. 31, 2014
Fair Value Measurement	'
	3. Fair Value Measurement
	The Company measures its investments based on a fair value hierarchy disclosure framework that prioritizes and ranks the level of market price observability used in measuring assets and liabilities at fair value. Market price observability is affected by a number of factors, including the type of asset or liability and their characteristics. This hierarchy prioritizes the inputs into three broad levels as follows:
		•	Level 1–Quoted prices in active markets for identical instruments.
		•	Level 2–Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets.
		•	Level 3–Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
	The Company’s investments are categorized as available-for-sale securities and recorded at fair market value. Investments with maturities of 90 days or less from the date of purchase are classified as cash equivalents; investments with maturities of greater than 90 days from the date of purchase but less than one year are generally classified as short-term investments; and investments with maturities of one year or greater from the date of purchase are generally classified as long-term investments. Unrealized holding gains and losses are reflected as a net amount in a separate component of shareholders’ equity until realized. For the purposes of computing realized gains and losses, cost is determined on a specific identification basis.
	At March 31, 2014, the Company’s cash, cash equivalents, and short-term investments balances were $77.3 million, $39.3 million, and $9.3 million, respectively. The Company currently has no long-term investments. Cash equivalents consist of highly liquid money market funds and certificates of deposit. Short-term investments consist of certificates of deposit. The Company uses quoted prices from active markets that are classified at Level 1 as a highest level observable input in the disclosure hierarchy framework for all available-for-sale securities. At March 31, 2014 and December 31, 2013, the Company had $30.4 million in money market funds, which are classified as Level 1 and are included in cash and cash equivalents on the Condensed Consolidated Balance Sheets. The Company has no investments classified as Level 2 or Level 3.

EquityBased_Compensation

Equity-Based Compensation	3 Months Ended
	Mar. 31, 2014
Equity-Based Compensation	'
	4. Equity-Based Compensation
	As discussed in Note 1, on December 19, 2013, the Board of Directors of the Company approved a four-for-one stock split of the Company’s common stock, effected in the form of a stock dividend. All references to stock award data have been restated to reflect the effect of the stock split for all periods presented.
	The Company recorded equity-based compensation expense related to stock options of $147,000 during the three months ended March 31, 2013. No amounts were recorded for equity-based compensation expense related to stock option during the three months ended March 31, 2014 as all stock options became vested prior to 2014. The Company does not currently grant stock options.
	A summary of changes in outstanding options for the three months ended March 31, 2014 is as follows:
		Number of Options
	Outstanding at December 31, 2013		444,420
	Exercised		(130,156	)
	Forfeited and expired		(1,000	)
	Outstanding at March 31, 2014		313,264
	The Company granted 317,543 and 734,700 restricted stock units (RSUs) during the three months ended March 31, 2014 and 2013, respectively. The Company recorded equity-based compensation expense related to restricted stock and RSUs of $2.3 million and $1.8 million during the three months ended March 31, 2014 and 2013, respectively.
	A summary of changes in unvested shares/units for the three months ended March 31, 2014 is as follows:
		Number of shares/units
	Outstanding at December 31, 2013		1,777,384
	Granted		317,543
	Vested		(635,134	)
	Forfeited		(22,452	)
	Outstanding at March 31, 2014		1,437,341

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
	5. Income Taxes
	The Company’s effective tax rate was 37.2% and 32.6% for the quarters ended March 31, 2014 and 2013, respectively. The effective tax rate for the quarter ended March 31, 2014 does not include any benefit for the federal research and development tax credit as this tax legislation expired on December 31, 2013 and has not been reinstated since. The effective tax rate for the quarter ended March 31, 2013 includes the reinstatement of the federal research and development tax credit in January 2013 for the 2013 and 2012 tax years. In addition, the effective tax rate for the three months ended March 31, 2013 included the establishment of state income tax reserves.
	The Company applies the provisions for income taxes related to, among other things, accounting for uncertain tax positions and disclosure requirements in accordance with the Income Taxes Topic of the FASB Accounting Standards Codification (ASC 740). For the three months ended March 31, 2014, there were no material changes to the Company’s uncertain tax positions. There has been no change to the Company’s policy that recognizes potential interest and penalties related to uncertain tax positions within its global operations in income tax expense.
	The Company currently plans to permanently reinvest all of its remaining undistributed foreign earnings. Accordingly, no provision for U.S. federal and state income taxes has been provided thereon. Upon repatriation of those earnings, in the form of dividends or otherwise, the Company would be subject to both U.S. income taxes (subject to adjustment for foreign tax credits) and withholding taxes payable to various foreign countries. It is impractical to calculate the tax impact until such repatriation occurs.
	The Company conducts business globally and, as a result, files income tax returns in the U.S. federal jurisdiction and various state and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities throughout the world. The Company is no longer subject to U.S. federal, substantially all state and local income tax examinations and substantially all non-US income tax examinations for years before 2010.

Net_Earnings_Per_Share

Net Earnings Per Share	3 Months Ended
	Mar. 31, 2014
Net Earnings Per Share	'
	6. Net Earnings Per Share
	Basic net earnings per share is computed using net income divided by the weighted average number of shares of common stock outstanding (“Weighted Shares”) for each period presented. Diluted net earnings per share is computed using net income divided by the sum of Weighted Shares and common equivalent shares (“CESs”) outstanding for each period presented using the treasury stock method.
	The following is a reconciliation of the net income and share amounts used in the computation of basic and diluted net earnings per common share for the three months ended March 31, 2014 and 2013 (in thousands, except per share data):
		Three Months Ended March 31,
		2014			2013
		(in thousands, except per share data)
	Net income	$	18,712		$	13,355
	Earnings per share:
	Basic	$	0.25		$	0.17
	Effect of CESs		(0.01	)		—
	Diluted	$	0.24		$	0.17
	Weighted average number of shares:
	Basic		75,817			77,308
	Effect of CESs		978			1,432
	Diluted		76,795			78,740
	There were no anti-dilutive CESs during 2013 and 2014.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2014
Contingencies	'
	7. Contingencies
	From time to time, the Company may be involved in litigation relating to claims arising out of its ordinary course of business, and occasionally legal proceedings not in the ordinary course. Many of the Company’s installations involve products that are critical to the operations of its clients’ businesses. Any failure in a Company product could result in a claim for substantial damages against the Company, regardless of the Company’s responsibility for such failure. Although the Company attempts to limit contractually its liability for damages arising from product failures or negligent acts or omissions, there can be no assurance that the limitations of liability set forth in its contracts will be enforceable in all instances. The Company is not currently a party to any legal proceedings the result of which it believes is likely to have a material adverse impact upon its business, financial position, results of operations, or cash flows. The Company expenses legal costs associated with loss contingencies as such legal costs are incurred.

Operating_Segments

Operating Segments	3 Months Ended
	Mar. 31, 2014
Operating Segments	'
	8. Operating Segments
	The Company manages the business by geographic segment. The Company has identified three geographic reportable segments: North America and Latin America (the “Americas”); Europe, Middle East and Africa (“EMEA”); and Asia Pacific (“APAC”). All segments derive revenue from the sale and implementation of the Company’s supply chain execution and planning solutions. The individual products sold by the segments are similar in nature and are all designed to help companies manage the effectiveness and efficiency of their supply chain. The Company uses the same accounting policies for each reportable segment. The chief executive officer and chief financial officer evaluate performance based on revenue and operating results for each region.
	The Americas segment charges royalty fees to the other segments based on software licenses sold by those reportable segments. The royalties, which totaled approximately $1.4 million and $0.7 million for the three months ended March 31, 2014 and 2013, respectively, are included in cost of revenue for each segment with a corresponding reduction in America’s cost of revenue. The revenues represented below are from external customers only. The geographical-based costs consist of costs of professional services personnel, direct sales and marketing expenses, cost of infrastructure to support the employees and customer base, billing and financial systems, management and general and administrative support. There are certain corporate expenses included in the Americas region that are not charged to the other segments, including research and development, certain marketing and general and administrative costs that support the global organization, and the amortization of acquired developed technology. Included in the Americas’ costs are all research and development costs including the costs associated with the Company’s India operations.
	The following table presents the revenues, expenses and operating income by reportable segment for the three months ended March 31, 2014 and 2013 (in thousands):
		Three Months Ended March 31,
		2014								2013
		Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
	Revenue:
	License	$	11,458	$	4,450	$	1,199	$	17,107	$	11,529	$	1,319	$	1,397	$	14,245
	Services		70,904		10,864		5,145		86,913		61,280		9,763		3,844		74,887
	Hardware and other		8,993		365		185		9,543		7,011		349		109		7,469
	Total revenue		91,355		15,679		6,529		113,563		79,820		11,431		5,350		96,601
	Costs and Expenses:
	Cost of revenue		36,649		7,476		3,427		47,552		33,814		6,160		3,064		43,038
	Operating expenses		29,220		4,070		1,182		34,472		27,697		3,444		1,277		32,418
	Depreciation and amortization		1,353		75		60		1,488		1,345		74		65		1,484
	Total costs and expenses		67,222		11,621		4,669		83,512		62,856		9,678		4,406		76,940
	Operating income	$	24,133	$	4,058	$	1,860	$	30,051	$	16,964	$	1,753	$	944	$	19,661
	License revenues related to the Company’s warehouse and non-warehouse product groups for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
		Three Months Ended March 31,
		2014		2013
	Warehouse	$	10,668	$	9,251
	Non-Warehouse		6,439		4,994
	Total software license revenue	$	17,107	$	14,245
	The Company’s services revenues, which consist of fees generated from professional services and customer support and software enhancements related to its software products, for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
		Three Months Ended March 31,
		2014		2013
	Professional services	$	59,422	$	49,151
	Customer support and software enhancements		27,491		25,736
	Total services revenue	$	86,913	$	74,887

EquityBased_Compensation_Table

Equity-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Changes in Outstanding Options	'
	A summary of changes in outstanding options for the three months ended March 31, 2014 is as follows:
		Number of Options
	Outstanding at December 31, 2013		444,420
	Exercised		(130,156	)
	Forfeited and expired		(1,000	)
	Outstanding at March 31, 2014		313,264
Summary of Changes in Unvested Shares/Units	'
	A summary of changes in unvested shares/units for the three months ended March 31, 2014 is as follows:
		Number of shares/units
	Outstanding at December 31, 2013		1,777,384
	Granted		317,543
	Vested		(635,134	)
	Forfeited		(22,452	)
	Outstanding at March 31, 2014		1,437,341

Net_Earnings_Per_Share_Tables

Net Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Reconciliation of Net Income and Share Amounts in Computation of Basic and Diluted Net Earnings Per Common Share	'
	The following is a reconciliation of the net income and share amounts used in the computation of basic and diluted net earnings per common share for the three months ended March 31, 2014 and 2013 (in thousands, except per share data):
		Three Months Ended March 31,
		2014			2013
		(in thousands, except per share data)
	Net income	$	18,712		$	13,355
	Earnings per share:
	Basic	$	0.25		$	0.17
	Effect of CESs		(0.01	)		—
	Diluted	$	0.24		$	0.17
	Weighted average number of shares:
	Basic		75,817			77,308
	Effect of CESs		978			1,432
	Diluted		76,795			78,740

Operating_Segments_Tables

Operating Segments (Tables)	3 Months Ended
	Mar. 31, 2014
Revenues, Expenses and Operating Income by Reporting Segment	'
	The following table presents the revenues, expenses and operating income by reportable segment for the three months ended March 31, 2014 and 2013 (in thousands):
		Three Months Ended March 31,
		2014								2013
		Americas		EMEA		APAC		Consolidated		Americas		EMEA		APAC		Consolidated
	Revenue:
	License	$	11,458	$	4,450	$	1,199	$	17,107	$	11,529	$	1,319	$	1,397	$	14,245
	Services		70,904		10,864		5,145		86,913		61,280		9,763		3,844		74,887
	Hardware and other		8,993		365		185		9,543		7,011		349		109		7,469
	Total revenue		91,355		15,679		6,529		113,563		79,820		11,431		5,350		96,601
	Costs and Expenses:
	Cost of revenue		36,649		7,476		3,427		47,552		33,814		6,160		3,064		43,038
	Operating expenses		29,220		4,070		1,182		34,472		27,697		3,444		1,277		32,418
	Depreciation and amortization		1,353		75		60		1,488		1,345		74		65		1,484
	Total costs and expenses		67,222		11,621		4,669		83,512		62,856		9,678		4,406		76,940
	Operating income	$	24,133	$	4,058	$	1,860	$	30,051	$	16,964	$	1,753	$	944	$	19,661
License Revenue	'
Revenues	'
	License revenues related to the Company’s warehouse and non-warehouse product groups for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
		Three Months Ended March 31,
		2014		2013
	Warehouse	$	10,668	$	9,251
	Non-Warehouse		6,439		4,994
	Total software license revenue	$	17,107	$	14,245
Sales Revenue, Services, Net	'
Revenues	'
	The Company’s services revenues, which consist of fees generated from professional services and customer support and software enhancements related to its software products, for the three months ended March 31, 2014 and 2013 are as follows (in thousands):
		Three Months Ended March 31,
		2014		2013
	Professional services	$	59,422	$	49,151
	Customer support and software enhancements		27,491		25,736
	Total services revenue	$	86,913	$	74,887

Basis_of_Presentation_Principl1

Basis of Presentation, Principles of Consolidation and Stock Split - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Dec. 19, 2013	Mar. 31, 2014	Dec. 31, 2013
Organization, Consolidation And Summary Of Significant Accounting Policies [Line Items]	'	'	'
Common stock split ratio	4	'	'
Stock split, additional shares distribution date	'	10-Jan-14	'
Stock Split, start trading date at a new split-adjusted price	'	13-Jan-14	'
Additional shares issued as a result of stock split	'	3	'
Common stock, par value	'	$0.01	$0.01

Revenue_Recognition_Additional

Revenue Recognition - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue Recognition [Line Items]	'	'
Expense reimbursement recorded to revenue	$3.60	$3.30

Fair_Value_Measurement_Additio

Fair Value Measurement - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Cash balance	$77,300,000	'
Cash equivalents	39,300,000	'
Short term investments	9,285,000	8,581,000
Money Market Funds	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Available-for-sale securities	$30,400,000	$30,400,000

EquityBased_Compensation_Addit

Equity-Based Compensation - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Dec. 19, 2013	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Common stock split ratio	4	'	'
Stock option expense	'	$0	$147,000
Restricted stock expense	'	$2,300,000	$1,800,000
Restricted Stock and Restricted Stock Unit	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Number of shares/units, Granted	'	317,543	734,700

Summary_of_Changes_in_Outstand

Summary of Changes in Outstanding Options (Detail)	3 Months Ended
	Mar. 31, 2014
Number of Options	'
Number of Options, Outstanding at December 31, 2013	444,420
Number of Options, Exercised	-130,156
Number of Options, Forfeited and expired	-1,000
Number of Options, Outstanding at March 31, 2014	313,264

Summary_of_Changes_in_Unvested

Summary of Changes in Unvested Shares of Restricted Stock (Detail) (Restricted Stock and Restricted Stock Unit)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Restricted Stock and Restricted Stock Unit	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Number of shares/units, Outstanding at December 31, 2013	1,777,384	'
Number of shares/units, Granted	317,543	734,700
Number of shares/units, Vested	-635,134	'
Number of shares/units, Forfeited	-22,452	'
Number of shares/units, Outstanding at March 31, 2014	1,437,341	'

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Tax [Line Items]	'	'
Effective tax rate	37.20%	32.60%
Increase in uncertain tax position	$0	'

Reconciliation_of_Net_Income_a

Reconciliation of Net Income and Shares Amounts in Computation of Basic and Diluted Net Earnings Per Common Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]	'	'
Net income	$18,712	$13,355
Earnings per share:	'	'
Basic	$0.25	$0.17
Effect of CESs	($0.01)	'
Diluted	$0.24	$0.17
Weighted average number of shares:	'	'
Basic	75,817	77,308
Effect of CESs	978	1,432
Diluted	76,795	78,740

Net_Earnings_Per_Share_Additio

Net Earnings Per Share - Additional Information (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Schedule of Earnings Per Share, Basic and Diluted, by Common Class [Line Items]	'	'
Number of anti-dilutive CESs	0	0

Operating_Segments_Additional_

Operating Segments - Additional Information (Detail) (Americas, USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Americas	'	'
Segment Reporting Information [Line Items]	'	'
Americas royalty fees	$1.40	$0.70

Revenues_Expenses_and_Operatin

Revenues, Expenses and Operating Income by Reporting Segment (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Segment Reporting Information [Line Items]	'	'
License	$17,107	$14,245
Services	86,913	74,887
Hardware and other	9,543	7,469
Total revenue	113,563	96,601
Cost of revenue	47,552	43,038
Operating expenses	34,472	32,418
Depreciation and amortization	1,488	1,484
Total costs and expenses	83,512	76,940
Operating income	30,051	19,661
Americas	'	'
Segment Reporting Information [Line Items]	'	'
License	11,458	11,529
Services	70,904	61,280
Hardware and other	8,993	7,011
Total revenue	91,355	79,820
Cost of revenue	36,649	33,814
Operating expenses	29,220	27,697
Depreciation and amortization	1,353	1,345
Total costs and expenses	67,222	62,856
Operating income	24,133	16,964
EMEA	'	'
Segment Reporting Information [Line Items]	'	'
License	4,450	1,319
Services	10,864	9,763
Hardware and other	365	349
Total revenue	15,679	11,431
Cost of revenue	7,476	6,160
Operating expenses	4,070	3,444
Depreciation and amortization	75	74
Total costs and expenses	11,621	9,678
Operating income	4,058	1,753
APAC	'	'
Segment Reporting Information [Line Items]	'	'
License	1,199	1,397
Services	5,145	3,844
Hardware and other	185	109
Total revenue	6,529	5,350
Cost of revenue	3,427	3,064
Operating expenses	1,182	1,277
Depreciation and amortization	60	65
Total costs and expenses	4,669	4,406
Operating income	$1,860	$944

License_Revenues_of_Warehouse_

License Revenues of Warehouse and Non-Warehouse Product Groups (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue from External Customer [Line Items]	'	'
Software license revenue	$17,107	$14,245
Warehouse Product Groups	'	'
Revenue from External Customer [Line Items]	'	'
Software license revenue	10,668	9,251
Non-warehouse Product Groups	'	'
Revenue from External Customer [Line Items]	'	'
Software license revenue	$6,439	$4,994

Services_Revenues_from_Profess

Services Revenues from Professional Services and Customer Support and Software Enhancements (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue from External Customer [Line Items]	'	'
Professional services	$59,422	$49,151
Customer support and software enhancements	27,491	25,736
Total services revenue	$86,913	$74,887