Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | |
Sep. 30, 2013 | Nov. 05, 2013 | |
Document and Entity Information [Abstract] | ' | ' |
Document Type | '10-Q | ' |
Amendment Flag | 'false | ' |
Document Period End Date | 30-Sep-13 | ' |
Document Fiscal Year Focus | '2013 | ' |
Document Fiscal Period Focus | 'Q3 | ' |
Entity Registrant Name | 'AKAMAI TECHNOLOGIES INC | ' |
Entity Central Index Key | '0001086222 | ' |
Current Fiscal Year End Date | '--12-31 | ' |
Entity Filer Category | 'Large Accelerated Filer | ' |
Entity Common Stock, Shares Outstanding | ' | 178,977,003 |
Consolidated_Balance_Sheets
Consolidated Balance Sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 | |
In Thousands, unless otherwise specified | |||
Current assets: | ' | ' | |
Cash and cash equivalents | $235,015 | $201,989 | |
Marketable securities | 331,300 | 235,592 | |
Accounts receivable, net of reserves of $3,584 and $3,807 at September 30, 2013 and December 31, 2012, respectively | 256,453 | 218,777 | |
Prepaid expenses and other current assets | 67,452 | 51,604 | |
Deferred income tax assets | 20,422 | 20,422 | |
Total current assets | 910,642 | 728,384 | |
Property and equipment, net | 424,605 | 345,091 | |
Marketable securities | 620,204 | 657,659 | |
Goodwill | 751,271 | 723,701 | [1] |
Acquired intangible assets, net | 79,803 | 84,554 | |
Deferred income tax assets | 20,672 | 21,427 | |
Other assets | 77,928 | 39,811 | |
Total assets | 2,885,125 | 2,600,627 | |
Current liabilities: | ' | ' | |
Accounts payable | 49,073 | 43,291 | |
Accrued expenses | 171,527 | 133,087 | |
Deferred revenue | 37,025 | 26,291 | |
Other current liabilities | 27,799 | 275 | |
Total current liabilities | 285,424 | 202,944 | |
Deferred revenue | 2,643 | 2,565 | |
Other liabilities | 53,928 | 49,364 | |
Total liabilities | 341,995 | 254,873 | |
Commitments and contingencies | ' | ' | |
Stockholders’ equity: | ' | ' | |
Preferred stock, $0.01 par value; 5,000,000 shares authorized; 700,000 shares designated as Series A Junior Participating Preferred Stock; no shares issued or outstanding | 0 | 0 | |
Common stock, $0.01 par value; 700,000,000 shares authorized; 203,958,959 shares issued and 178,707,441 shares outstanding at September 30, 2013 and 200,199,536 shares issued and 177,782,814 shares outstanding at December 31, 2012 | 2,059 | 2,015 | |
Additional paid-in capital | 5,295,939 | 5,195,543 | |
Accumulated other comprehensive loss | -5,434 | -1,640 | |
Treasury stock, at cost, 25,251,518 shares at September 30, 2013 and 22,416,722 shares at December 31, 2012 | -736,870 | -624,462 | |
Accumulated deficit | -2,012,564 | -2,225,702 | |
Total stockholders’ equity | 2,543,130 | 2,345,754 | |
Total liabilities and stockholders’ equity | $2,885,125 | $2,600,627 | |
[1] | Balance as of January 1, 2013 has been revised to reflect purchase accounting measurement period adjustments (Note 6). |
Consolidated_Balance_Sheets_Pa
Consolidated Balance Sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, except Share data, unless otherwise specified | ||
Statement of Financial Position [Abstract] | ' | ' |
Accounts receivable reserve (in dollars) | $3,584 | $3,807 |
Preferred stock, par value (in dollars per share) | $0.01 | $0.01 |
Preferred stock, shares authorized | 5,000,000 | 5,000,000 |
Preferred stock, shares designated as Series A Junior Participating Preferred Stock | 700,000 | 700,000 |
Preferred stock, shares issued | 0 | 0 |
Preferred stock, shares outstanding | 0 | 0 |
Common stock, par value (in dollars per share) | $0.01 | $0.01 |
Common stock, shares authorized | 700,000,000 | 700,000,000 |
Common stock, shares issued | 203,958,959 | 200,199,536 |
Common stock, shares outstanding | 178,707,441 | 177,782,814 |
Treasury stock, shares | 25,251,518 | 22,416,722 |
Consolidated_Statements_of_Ope
Consolidated Statements of Operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Income Statement [Abstract] | ' | ' | ' | ' |
Revenue | $395,790 | $345,321 | $1,141,942 | $996,075 |
Costs and operating expenses: | ' | ' | ' | ' |
Cost of revenue | 132,039 | 134,221 | 377,136 | 390,406 |
Research and development | 24,857 | 19,351 | 67,359 | 54,373 |
Sales and marketing | 67,811 | 55,206 | 198,326 | 160,681 |
General and administrative | 66,634 | 51,003 | 183,365 | 156,241 |
Amortization of acquired intangible assets | 4,859 | 5,381 | 16,653 | 15,611 |
Restructuring charges | 69 | 0 | 891 | 14 |
Total costs and operating expenses | 296,269 | 265,162 | 843,730 | 777,326 |
Income from operations | 99,521 | 80,159 | 298,212 | 218,749 |
Interest income, net | 1,458 | 1,593 | 4,543 | 4,865 |
Other (expense) income, net | -305 | -241 | -96 | 449 |
Income before provision for income taxes | 100,674 | 81,511 | 302,659 | 224,063 |
Provision for income taxes | 20,918 | 33,280 | 89,521 | 88,366 |
Net income | $79,756 | $48,231 | $213,138 | $135,697 |
Net income per share: | ' | ' | ' | ' |
Basic (in dollars per share) | $0.45 | $0.27 | $1.20 | $0.76 |
Diluted (in dollars per share) | $0.44 | $0.27 | $1.17 | $0.75 |
Shares used in per share calculations: | ' | ' | ' | ' |
Basic (in shares) | 178,235 | 177,455 | 178,008 | 178,040 |
Diluted (in shares) | 181,922 | 181,053 | 181,623 | 181,738 |
Consolidated_Statements_of_Com
Consolidated Statements of Comprehensive Income (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Net income | $79,756 | $48,231 | $213,138 | $135,697 |
Other comprehensive income (loss): | ' | ' | ' | ' |
Foreign currency translation adjustments | 2,950 | 3,770 | -4,810 | 740 |
Change in unrealized gain on investments, net of income tax expense of $1,532, $425, $629 and $538 for the three and nine months ended September 30, 2013 and 2012, respectively | 2,571 | 821 | 1,016 | 1,002 |
Other comprehensive income (loss) | 5,521 | 4,591 | -3,794 | 1,742 |
Comprehensive income | $85,277 | $52,822 | $209,344 | $137,439 |
Consolidated_Statements_of_Com1
Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Statement of Comprehensive Income [Abstract] | ' | ' | ' | ' |
Tax on change in unrealized gain on investments, net | $1,532 | $425 | $629 | $538 |
Consolidated_Statements_of_Cas
Consolidated Statements of Cash Flows (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 |
Cash flows from operating activities: | ' | ' |
Net income | $213,138 | $135,697 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' |
Depreciation and amortization | 134,455 | 149,203 |
Stock-based compensation | 72,211 | 69,180 |
Excess tax benefits from stock-based compensation | -18,152 | -17,589 |
Provision for deferred income taxes | 0 | 826 |
Provision for doubtful accounts | 889 | -61 |
Gain from disposal of property and equipment | -15 | -62 |
Gain from divestiture of a business | -1,188 | 0 |
Changes in operating assets and liabilities, net of effects of acquisitions and divestitures: | ' | ' |
Accounts receivable | -51,321 | -21,587 |
Prepaid expenses and other current assets | -9,266 | 10,010 |
Accounts payable and accrued expenses | 43,730 | 49,149 |
Deferred revenue | 10,991 | 5,542 |
Other current liabilities | 32 | -2,897 |
Other non-current assets and liabilities | -3,328 | -104 |
Net cash provided by operating activities | 392,176 | 377,307 |
Cash flows from investing activities: | ' | ' |
Cash paid for acquired businesses, net of cash acquired | -27,420 | -306,030 |
Purchases of property and equipment | -142,567 | -119,116 |
Capitalization of internal-use software development costs | -55,171 | -39,921 |
Purchases of short- and long-term marketable securities | -403,556 | -554,303 |
Proceeds from sales of short- and long-term marketable securities | 79,207 | 135,993 |
Proceeds from maturities of short- and long-term marketable securities | 265,495 | 214,159 |
Proceeds from the sale of property and equipment | 761 | 12 |
Other non-currents assets and liabilities | -3,320 | 979 |
Net cash used in investing activities | -286,571 | -668,227 |
Cash flows from financing activities: | ' | ' |
Proceeds related to the issuance of common stock under stock plans | 54,418 | 33,760 |
Excess tax benefits from stock-based compensation | 18,152 | 17,589 |
Employee taxes paid related to net share settlement of stock-based awards | -28,559 | -26,566 |
Repurchases of common stock | -112,408 | -111,649 |
Net cash used in financing activities | -68,397 | -86,866 |
Effects of exchange rate changes on cash and cash equivalents | -4,182 | 1,239 |
Net increase (decrease) in cash and cash equivalents | 33,026 | -376,547 |
Cash and cash equivalents at beginning of period | 201,989 | 559,197 |
Cash and cash equivalents at end of period | 235,015 | 182,650 |
Supplemental disclosure of cash flow information: | ' | ' |
Cash paid for income taxes | 44,191 | 51,822 |
Non-cash financing and investing activities: | ' | ' |
Purchases of property and equipment included in accrued expenses | 12,630 | 12,939 |
Capitalization of stock-based compensation, net of impairments | 9,252 | 6,694 |
Convertible note receivable received for divestiture of a business | $18,882 | $0 |
Nature_of_Business_and_Basis_o
Nature of Business and Basis of Presentation | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Nature of Business and Basis of Presentation | ' | |||||||||||||||||||||||
Nature of Business and Basis of Presentation | ||||||||||||||||||||||||
Akamai Technologies, Inc. (the “Company”) provides cloud services for delivering, optimizing and securing online content and business applications. Akamai’s globally-distributed platform comprises more than 141,000 servers in approximately 1,200 networks in 90 countries. The Company was incorporated in Delaware in 1998 and is headquartered in Cambridge, Massachusetts. Akamai currently operates in one industry segment: providing cloud services for delivering, optimizing and securing online content and business applications. | ||||||||||||||||||||||||
The accompanying interim consolidated financial statements are unaudited and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information. These financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany transactions and balances have been eliminated in the accompanying financial statements. | ||||||||||||||||||||||||
Certain information and footnote disclosures normally included in the Company’s annual audited consolidated financial statements and accompanying notes have been condensed or omitted in these interim financial statements. Accordingly, the unaudited consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and accompanying notes included in the Company’s annual report on Form 10-K for the year ended December 31, 2012, filed with the Securities and Exchange Commission on March 1, 2013. | ||||||||||||||||||||||||
The results of operations presented in this quarterly report on Form 10-Q are not necessarily indicative of the results of operations that may be expected for any future periods. In the opinion of management, these unaudited consolidated financial statements include all adjustments, consisting only of normal recurring adjustments, that are necessary for a fair statement of the results of all interim periods reported herein. | ||||||||||||||||||||||||
Revision of Prior Period Amounts | ||||||||||||||||||||||||
In the first quarter of 2013, the Company conducted a reevaluation of its business model. Following the review, the Company determined it was appropriate to change the classification of cost of services and support and cost of network build-out and support from sales and marketing and general and administrative expenses, respectively, to costs of revenue because such costs directly support the Company's revenue. The Company has concluded that the prior classification was an error and that it is immaterial to all annual and quarterly periods previously presented. However, to facilitate period-over-period comparisons, the Company has revised its prior period financial statements to reflect the corrections in the period in which the expenses were incurred. | ||||||||||||||||||||||||
The effect of the revisions to the consolidated statements of operations for the three and nine months ended September 30, 2012, is as follows (in thousands): | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
As Previously Reported | Adjustment | As Revised | As Previously Reported | Adjustment | As Revised | |||||||||||||||||||
Cost of revenue | $ | 109,995 | $ | 24,226 | $ | 134,221 | $ | 320,018 | $ | 70,388 | $ | 390,406 | ||||||||||||
Research and development | 19,351 | — | 19,351 | 54,373 | — | 54,373 | ||||||||||||||||||
Sales and marketing | 75,924 | (20,718 | ) | 55,206 | 219,096 | (58,415 | ) | 160,681 | ||||||||||||||||
General and administrative | 54,511 | (3,508 | ) | 51,003 | 168,214 | (11,973 | ) | 156,241 | ||||||||||||||||
Amortization of acquired intangible assets | 5,381 | — | 5,381 | 15,611 | — | 15,611 | ||||||||||||||||||
Restructuring charges | — | — | — | 14 | — | 14 | ||||||||||||||||||
Total costs and operating expenses | $ | 265,162 | $ | — | $ | 265,162 | $ | 777,326 | $ | — | $ | 777,326 | ||||||||||||
The classification error did not affect reported revenue, total costs and operating expenses, income from operations, net income, net income per share, cash flows or any balance sheet line item. | ||||||||||||||||||||||||
During the third quarter of 2013, the Company identified immaterial classification errors in its historical consolidated statements of cash flows. The errors relate to the timing of cash payments for property and equipment, cash receipts from employees for common stock related to the Company's employee stock purchase plan and cash payments for lease deposits. The cash flows for these items were improperly reflected as changes in operating assets and liabilities rather than as investing or financing activities. There was no impact to the net change in cash and cash equivalents. The Company concluded these errors are immaterial to all annual and quarterly periods previously presented and has reflected the corrections as a revision to the consolidated statements of cash flows previously filed. | ||||||||||||||||||||||||
The effect of the revisions to the consolidated statements of cash flows for the nine months ended September 30, 2012, is as follows (in thousands): | ||||||||||||||||||||||||
As Previously Reported | Adjustment | As Revised | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||||||||||||||
Prepaid expenses and other current assets | 11,103 | (1,093 | ) | 10,010 | ||||||||||||||||||||
Accounts payable and accrued expenses | 54,732 | (5,583 | ) | 49,149 | ||||||||||||||||||||
Other non-current assets and liabilities | (536 | ) | 432 | (104 | ) | |||||||||||||||||||
Net cash provided by operating activities | 383,551 | (6,244 | ) | 377,307 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment | (119,256 | ) | 140 | (119,116 | ) | |||||||||||||||||||
Other non-current assets and liabilities | — | 979 | 979 | |||||||||||||||||||||
Net cash used in investing activities | (669,346 | ) | 1,119 | (668,227 | ) | |||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds related to the issuance of common stock under stock plans | 28,635 | 5,125 | 33,760 | |||||||||||||||||||||
Net cash used in financing activities | (91,991 | ) | 5,125 | (86,866 | ) | |||||||||||||||||||
Net decrease in cash and cash equivalents | (376,547 | ) | — | (376,547 | ) | |||||||||||||||||||
Changes_to_Significant_Account
Changes to Significant Accounting Policies | 9 Months Ended |
Sep. 30, 2013 | |
Accounting Changes and Error Corrections [Abstract] | ' |
Changes to Significant Accounting Policies | ' |
Changes to Significant Accounting Policies | |
Property and Equipment | |
Property and equipment are recorded at cost, net of accumulated depreciation and amortization. Property and equipment generally includes purchases of items with a per-unit value greater than $1,000 and a useful life greater than one year. Depreciation and amortization are computed on a straight-line basis over the estimated useful lives of the assets. The Company periodically reviews the estimated useful lives of property and equipment. Changes to the estimated useful lives are recorded prospectively from the date of the change. Upon retirement or sale, the cost of the assets disposed of and the related accumulated depreciation are removed from the accounts and any resulting gain or loss is included in income from operations. | |
The Company implemented software and hardware initiatives to manage its global network more efficiently and, as a result, the expected average useful life of its network assets, primarily servers, increased from three to four years effective January 1, 2013. This change decreased depreciation expense on network assets by approximately $10.3 million and $37.2 million, for the three and nine months ended September 30, 2013, respectively. | |
Recent Accounting Pronouncements | |
In February 2013, the Financial Accounting Standards Board issued guidance and disclosure requirements for reporting of comprehensive income: amounts reclassified out of accumulated other comprehensive income. The guidance requires that an entity provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, an entity is required to present, either on the face of the statement where net income is presented or in the notes, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP. The guidance became effective for fiscal years, and interim periods within those years, beginning on or after December 15, 2012. The adoption of this guidance in the first quarter of 2013 did not have a material impact on the Company's consolidated financial results. |
Fair_Value_Measurements
Fair Value Measurements | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Marketable Securities [Abstract] | ' | |||||||||||||||||||||||
Fair Value Measurments | ' | |||||||||||||||||||||||
Fair Value Measurements | ||||||||||||||||||||||||
The Company accounts for financial assets and liabilities in accordance with a fair value measurement accounting standard. The accounting standard provides a framework for measuring fair value under GAAP and requires expanded disclosures regarding fair value measurements. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The accounting standard also establishes a fair value hierarchy that requires an entity to maximize the use of observable inputs, where available, and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: | ||||||||||||||||||||||||
• | Level 1 — Quoted prices in active markets for identical assets or liabilities. | |||||||||||||||||||||||
• | Level 2 — Observable inputs, other than Level 1 prices, such as quoted prices in active markets for similar assets and liabilities, quoted prices for identical or similar assets and liabilities in markets that are inactive, or other inputs that are observable or can be corroborated by observable market data. | |||||||||||||||||||||||
• | Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities, including certain pricing models, discounted cash flow methodologies and similar techniques. | |||||||||||||||||||||||
The following is a summary of available-for-sale marketable securities held as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Gross Unrealized | Classification Balance Sheet | |||||||||||||||||||||||
Amortized Cost | Gains | Losses | Aggregate | Short-Term | Long-Term | |||||||||||||||||||
Fair Value | Marketable | Marketable | ||||||||||||||||||||||
Securities | Securities | |||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||
Certificates of deposit | $ | 219 | $ | — | $ | — | $ | 219 | $ | 171 | $ | 48 | ||||||||||||
Corporate bonds | 755,548 | 1,017 | (514 | ) | 756,051 | 296,783 | 459,268 | |||||||||||||||||
U.S. government agency obligations | 195,386 | 45 | (197 | ) | 195,234 | 34,346 | 160,888 | |||||||||||||||||
$ | 951,153 | $ | 1,062 | $ | (711 | ) | $ | 951,504 | $ | 331,300 | $ | 620,204 | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Certificates of deposit | $ | 3,100 | $ | — | $ | — | $ | 3,100 | $ | 3,057 | $ | 43 | ||||||||||||
Commercial paper | 7,481 | 2 | (1 | ) | 7,482 | 7,482 | — | |||||||||||||||||
Corporate bonds | 691,931 | 1,269 | (205 | ) | 692,995 | 217,548 | 475,447 | |||||||||||||||||
U.S. government agency obligations | 189,607 | 95 | (28 | ) | 189,674 | 7,505 | 182,169 | |||||||||||||||||
$ | 892,119 | $ | 1,366 | $ | (234 | ) | $ | 893,251 | $ | 235,592 | $ | 657,659 | ||||||||||||
Unrealized gains and unrealized temporary losses on investments classified as available-for-sale are included within accumulated other comprehensive loss. Upon realization, those amounts are reclassified from accumulated other comprehensive loss to interest income, net in the statements of operations. As of September 30, 2013, the Company did not hold any investment-related assets that had been in a continuous loss position for more than 12 months. | ||||||||||||||||||||||||
The following table details the fair value measurements within the fair value hierarchy of the Company’s financial assets and liability at September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Total Fair Value | Fair Value Measurements at Reporting Date Using | |||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||
Cash Equivalents and Marketable Securities: | ||||||||||||||||||||||||
Money market funds | $ | 778 | $ | 778 | $ | — | $ | — | ||||||||||||||||
Certificates of deposit | 4,252 | 4,252 | — | — | ||||||||||||||||||||
Corporate bonds | 756,051 | — | 756,051 | — | ||||||||||||||||||||
U.S. government agency obligations | 195,234 | — | 195,234 | — | ||||||||||||||||||||
$ | 956,315 | $ | 5,030 | $ | 951,285 | $ | — | |||||||||||||||||
Other Assets: | ||||||||||||||||||||||||
Note receivable | $ | 21,195 | $ | — | $ | — | $ | 21,195 | ||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Cash Equivalents and Marketable Securities: | ||||||||||||||||||||||||
Money market funds | $ | 22,255 | $ | 22,255 | $ | — | $ | — | ||||||||||||||||
Certificates of deposit | 7,473 | 7,473 | — | — | ||||||||||||||||||||
Commercial paper | 9,482 | — | 9,482 | — | ||||||||||||||||||||
Corporate bonds | 692,995 | — | 692,995 | — | ||||||||||||||||||||
U.S. government agency obligations | 189,674 | — | 189,674 | — | ||||||||||||||||||||
$ | 921,879 | $ | 29,728 | $ | 892,151 | $ | — | |||||||||||||||||
Other Liabilities: | ||||||||||||||||||||||||
Contingent consideration obligation related to Verivue acquisition | $ | (1,200 | ) | $ | — | $ | — | $ | (1,200 | ) | ||||||||||||||
As of September 30, 2013 and December 31, 2012, the Company grouped money market funds and certificates of deposit using a Level 1 valuation because market prices for such investments are readily available in active markets. As of September 30, 2013 and December 31, 2012, the Company grouped commercial paper, U.S. government agency obligations and corporate bonds using a Level 2 valuation because quoted prices for identical or similar assets are available in markets that are inactive. | ||||||||||||||||||||||||
When developing fair value estimates, the Company maximizes the use of observable inputs and minimize the use of unobservable inputs. When available, the Company uses quoted market prices to measure fair value. The valuation technique used to measure fair value for the Company's Level 1 and Level 2 assets is a market approach, using prices and other relevant information generated by market transactions involving identical or comparable assets. If market prices are not available, the fair value measurement is based on models that use primarily market-based parameters including yield curves, volatilities, credit ratings and currency rates. In certain cases where market rate assumptions are not available, the Company is required to make judgments about assumptions market participants would use to estimate the fair value of a financial instrument. | ||||||||||||||||||||||||
The valuation technique used to measure fair value for the Company's Level 3 asset, which consists of a $25.0 million face value convertible note receivable that is due and payable on July 24, 2014, is primarily an income approach, where the expected weighted average future cash flows are discounted back to present value. The significant unobservable inputs used in the fair value measurement of the convertible note receivable are the probability of conversion to equity and the fair value of equity in which the note is convertible to. The valuation assumed a 90% probability of being converted to equity. If a 70% probability of conversion was used, the fair value of the note would have been $22.0 million. | ||||||||||||||||||||||||
The valuation technique used to measure fair value of the Company's Level 3 liability, which consists of contingent consideration related to the acquisition of Verivue, Inc. ("Verivue") (Note 6), is primarily an income approach. The significant unobservable input used in the fair value measurement of the contingent consideration is the likelihood of achieving defined levels of customer revenue. | ||||||||||||||||||||||||
Significant increases or decreases in the underlying assumptions used to value the Company's Level 3 asset and liability held at September 30, 2013 and December 31, 2012, respectively, could significantly increase or decrease the fair value estimates recorded in the consolidated balance sheets. | ||||||||||||||||||||||||
Contractual maturities of the Company’s available-for-sale marketable securities held at September 30, 2013 and December 31, 2012 were as follows (in thousands): | ||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Due in 1 year or less | $ | 331,300 | $ | 235,592 | ||||||||||||||||||||
Due after 1 year through 5 years | 620,204 | 657,659 | ||||||||||||||||||||||
$ | 951,504 | $ | 893,251 | |||||||||||||||||||||
The following table reflects the activity for the Company’s major classes of assets and liabilities measured at fair value using Level 3 inputs for the nine months ended September 30, 2013 (in thousands): | ||||||||||||||||||||||||
Other Assets: | Other Liabilities: | |||||||||||||||||||||||
Note Receivable | Contingent Consideration Obligation | |||||||||||||||||||||||
Balance as of January 1, 2013 | $ | — | $ | (1,200 | ) | |||||||||||||||||||
Fair value adjustment to contingent consideration for acquisition of Verivue included in general and administrative expense | — | 1,200 | ||||||||||||||||||||||
Convertible note receivable from divestiture of a business | 18,882 | — | ||||||||||||||||||||||
Unrealized gain on convertible note receivable included in other comprehensive income | 2,313 | — | ||||||||||||||||||||||
Balance as of September 30, 2013 | $ | 21,195 | $ | — | ||||||||||||||||||||
Accounts_Receivable
Accounts Receivable | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ' | |||||||
Accounts Receivable | ' | |||||||
Accounts Receivable | ||||||||
Net accounts receivable consisted of the following as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
Trade accounts receivable | $ | 169,873 | $ | 143,533 | ||||
Unbilled accounts | 90,164 | 79,051 | ||||||
Gross accounts receivable | 260,037 | 222,584 | ||||||
Allowance for doubtful accounts | (824 | ) | (1,154 | ) | ||||
Reserve for cash-basis customers | (2,760 | ) | (2,653 | ) | ||||
Total accounts receivable reserves | (3,584 | ) | (3,807 | ) | ||||
Accounts receivable, net | $ | 256,453 | $ | 218,777 | ||||
Goodwill_and_Other_Intangible_
Goodwill and Other Intangible Assets | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Goodwill and Other Intangible Assets | ' | |||||||||||
Goodwill and Acquired Intangible Assets | ||||||||||||
The change in the carrying amount of goodwill for the nine months ended September 30, 2013 was as follows (in thousands): | ||||||||||||
Balance as of January 1, 2013 (1) | $ | 723,701 | ||||||||||
Divestiture of Advertising Decision Solutions business | (1,939 | ) | ||||||||||
Acquisition of strategic network assets | 29,509 | |||||||||||
Balance as of September 30, 2013 | $ | 751,271 | ||||||||||
(1) Balance as of January 1, 2013 has been revised to reflect purchase accounting measurement period adjustments (Note 6). | ||||||||||||
The Company tests goodwill for impairment at least annually. Through the date the consolidated financial statements were issued, no triggering events had occurred that would indicate a potential impairment exists. | ||||||||||||
Acquired intangible assets that are subject to amortization consist of the following as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||
September 30, 2013 | ||||||||||||
Gross | Accumulated Amortization | Net | ||||||||||
Carrying | Carrying | |||||||||||
Amount | Amount | |||||||||||
Completed technology | $ | 62,331 | $ | (33,071 | ) | $ | 29,260 | |||||
Customer relationships | 115,100 | (73,536 | ) | 41,564 | ||||||||
Non-compete agreements | 10,570 | (4,084 | ) | 6,486 | ||||||||
Trademarks and trade names | 3,400 | (907 | ) | 2,493 | ||||||||
Acquired license rights | 490 | (490 | ) | — | ||||||||
Total | $ | 191,891 | $ | (112,088 | ) | $ | 79,803 | |||||
31-Dec-12 | ||||||||||||
Gross | Accumulated | Net | ||||||||||
Carrying | Amortization | Carrying | ||||||||||
Amount | Amount | |||||||||||
Completed technology | $ | 71,531 | $ | (32,842 | ) | $ | 38,689 | |||||
Customer relationships | 104,700 | (68,702 | ) | 35,998 | ||||||||
Non-compete agreements | 14,770 | (7,645 | ) | 7,125 | ||||||||
Trademarks and trade names | 3,700 | (958 | ) | 2,742 | ||||||||
Acquired license rights | 490 | (490 | ) | — | ||||||||
Total | $ | 195,191 | $ | (110,637 | ) | $ | 84,554 | |||||
Aggregate expense related to amortization of acquired intangible assets for the three and nine months ended September 30, 2013 was $4.9 million and $16.7 million, respectively. Aggregate expense related to amortization of acquired intangible assets for the three and nine months ended September 30, 2012 was $5.4 million and $15.6 million, respectively. Based on the Company’s acquired intangible assets as of September 30, 2013, aggregate expense related to amortization of acquired intangible assets is expected to be $4.9 million for the remainder of 2013, and $20.6 million, $18.8 million, $14.0 million and $9.5 million for 2014, 2015, 2016 and 2017, respectively. |
Business_Acquisitions_and_Dive
Business Acquisitions and Divestitures | 9 Months Ended |
Sep. 30, 2013 | |
Business Combinations [Abstract] | ' |
Business Acquisitions and Divestitures | ' |
Business Acquisitions and Divestitures | |
Strategic Network Transaction | |
On November 30, 2012, the Company entered into a strategic alliance with AT&T Services, Inc. ("AT&T"). Under the agreement, AT&T became a reseller of the Company's services and the Company contracted to purchase bandwidth, co-location and related services from AT&T. The Company entered into the agreement with a goal of expanding its content delivery network customer base and developing a relationship with AT&T as a bandwidth and co-location service provider. The transaction meets the definition of a business combination and it was determined that the Company obtained control of the acquired assets in July 2013. The total consideration is $55.0 million, of which $27.5 million was paid during the third quarter of 2013. The remaining payment is recorded as an other current liability in the consolidated balance sheet and is expected to be paid in the fourth quarter of 2013. | |
The Company allocated $29.5 million of the consideration to goodwill and $16.1 million to acquired intangible assets. The allocation of the purchase price is preliminary, pending the finalization of the valuation of certain network assets acquired. The weighted average useful life of the intangible assets acquired is 9.8 years. The value of the goodwill acquired can be attributed to expected synergies between AT&T and the Company related to future customer expansion and cost reductions. The total amount of goodwill expected to be deducted for tax purposes is $29.5 million. The revenue and earnings included in the Company's consolidated financial statements since the acquisition date are not material. Pro forma results of the operations have not been presented because the effects are not material to the consolidated financial statements. | |
Verivue Acquisition | |
On December 4, 2012, the Company acquired all of the outstanding common and preferred stock of Verivue in exchange for $30.9 million in cash. In addition, the Company recorded a liability of $1.2 million for contingent consideration related to expected achievement of post-closing milestones. The Company acquired Verivue with a goal of complementing its Aura Network Solutions and accelerating time to market in providing a comprehensive, licensed content delivery network solution for network operators. The Company allocated $14.9 million of the cost of the acquisition to goodwill and $7.5 million to acquired intangible assets. The purchase price was finalized in the third quarter of 2013. The Company recorded a reduction of $5.8 million to goodwill upon the finalization of measurement period adjustments related to deferred tax assets and liabilities in the third quarter of 2013. | |
The total weighted average useful life of the intangible assets acquired from Verivue is 6.4 years. The value of the goodwill from the acquisition can be attributed to a number of business factors, including a trained technical workforce in place in the United States and expected cost synergies. The total amount of goodwill related to the acquisition of Verivue expected to be deducted for tax purposes is $3.0 million. As of March 31, 2013, the Company determined the agreed upon post-closing milestones were not expected to be achieved and therefore reversed the $1.2 million liability recorded at December 31, 2012 for the contingent consideration and recorded it as general and administrative expense in the consolidated statement of operations. As of September 30, 2013, the Company continues to believe the milestones will not be achieved. | |
FastSoft Acquisition | |
On September 13, 2012, the Company acquired all of the outstanding common and preferred stock of FastSoft, Inc. ("FastSoft") in exchange for $14.4 million in cash. The Company acquired FastSoft with a goal of complementing the Company's media delivery solutions with technology for optimizing the throughput of video and other digital content across IP networks. The Company allocated $7.1 million of the cost of the acquisition to goodwill and $3.7 million to acquired intangible assets. The allocation of the purchase price was finalized in the third quarter of 2013. The Company recorded a reduction of $1.8 million to goodwill upon the finalization of measurement period adjustments related to deferred tax assets and liabilities in the third quarter of 2013. | |
The total weighted average useful life of the intangible assets acquired from FastSoft is 9.0 years. The value of the goodwill from the acquisition can be attributed to a number of business factors, including a trained technical workforce in place in the United States and expected cost synergies. The total amount of goodwill related to the acquisition of FastSoft expected to be deducted for tax purposes is $1.7 million. | |
Cotendo Acquisition | |
On March 6, 2012, the Company acquired all of the outstanding common and preferred stock, including vested and unvested stock options, of Cotendo, Inc. ("Contendo") in exchange for $278.9 million in cash and assumption of unvested options. The Company acquired Cotendo with the intention of increasing the Company's pace of innovation in the areas of site acceleration and mobile optimization. The Company allocated $233.8 million of the cost of the acquisition to goodwill and $43.8 million to acquired intangible assets. The allocation of the purchase price has been finalized. The value of the goodwill from the acquisition of Cotendo can be attributed to a number of business factors, including potential sales opportunities to provide services to Cotendo customers; a trained technical workforce in place in the United States and Israel; an existing sales pipeline and a trained sales force; and cost synergies expected to be realized. The total weighted average amortization period for the intangible assets acquired from Cotendo is 7.1 years. The intangible assets are being amortized based upon the pattern in which the economic benefits of the intangible assets are being utilized. The total amount of goodwill related to the acquisition of Cotendo expected to be deducted for tax purposes is $44.4 million. | |
Blaze Acquisition | |
On February 7, 2012, the Company acquired all of the outstanding common and preferred stock, including vested and unvested stock options, of Blaze Software, Inc. ("Blaze") in exchange for $19.3 million in cash and assumption of unvested options. The Company acquired Blaze with a goal of complementing the Company's site acceleration solutions with technology designed to optimize the speed at which a web page is rendered. The Company allocated $15.1 million of the cost of the acquisition to goodwill and $5.1 million to acquired intangible assets. The allocation of the purchase price has been finalized. The total weighted average useful life of the intangible assets acquired from Blaze is 5.3 years. The value of the goodwill from this acquisition can be attributed to a number of business factors, including a trained technical workforce in place in Canada and cost synergies expected to be realized. The total amount of goodwill related to the acquisition of Blaze expected to be deducted for tax purposes is $13.5 million. | |
ADS Divestiture | |
Consistent with its strategy to prioritize higher-margin businesses, the Company sold its Advertising Decision Solutions ("ADS") business to MediaMath, Inc. ("MediaMath") in exchange for a $25.0 million face value convertible note receivable that is due and payable on July 24, 2014 (see Note 3). The transaction closed during the first quarter of 2013. These operations were not material to the Company's annual net sales, net income or earnings per share. No significant gains or losses were realized on this transaction. The accompanying interim consolidated financial statements for the nine months ended September 30, 2013 include the impact of approximately one month of ADS operations prior to the sale. All assets and liabilities used by the ADS operations have been excluded from the consolidated balance sheet presentation. Simultaneously with the sale, the Company entered into a multi-year relationship agreement whereby MediaMath will have exclusive rights to leverage the Company's pixel-free technology for use within digital advertising and marketing applications. |
Stockholders_Equity
Stockholders' Equity | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||||
Stockholders' Equity | ' | |||||||||||||||
Stockholders’ Equity | ||||||||||||||||
Stock Repurchase Program | ||||||||||||||||
In April 2012, the Company's Board of Directors authorized a $150 million stock repurchase program covering a twelve-month period commencing on May 1, 2012. In January 2013, the Board of Directors authorized a $150 million extension of its share repurchase program, effective for a twelve-month period beginning February 1, 2013. In October 2013, the Board of Directors authorized a new $750 million share repurchase program, effective from October 16, 2013 through December 31, 2016. Unused amounts from the May 2012 program were not carried over to the program approved in January 2013, and unused amounts from the January 2013 program were not carried over to the October 2013 program. | ||||||||||||||||
During the three and nine months ended September 30, 2013, the Company repurchased 0.7 million and 2.8 million shares, respectively, of its common stock for $29.6 million and $112.4 million, respectively. During the three and nine months ended September 30, 2012, the Company repurchased 1.2 million and 3.6 million shares, respectively, of its common stock for $36.5 million and $111.6 million, respectively. | ||||||||||||||||
Stock-Based Compensation Expense | ||||||||||||||||
The following table summarizes stock-based compensation expense included in the Company’s consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Cost of revenues | $ | 2,885 | $ | 2,834 | $ | 8,230 | $ | 8,604 | ||||||||
Research and development | 4,583 | 4,427 | 12,819 | 13,258 | ||||||||||||
Sales and marketing | 10,048 | 8,746 | 29,278 | 25,671 | ||||||||||||
General and administrative | 6,963 | 6,628 | 21,884 | 21,647 | ||||||||||||
Total stock-based compensation | 24,479 | 22,635 | 72,211 | 69,180 | ||||||||||||
Provision for income taxes | (8,272 | ) | (9,242 | ) | (24,581 | ) | (27,114 | ) | ||||||||
Total stock-based compensation, net of taxes | $ | 16,207 | $ | 13,393 | $ | 47,630 | $ | 42,066 | ||||||||
In addition to the amounts of stock-based compensation reported in the table above, the Company’s consolidated statements of operations for the three and nine months ended September 30, 2013 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $2.2 million and $6.1 million, respectively, before taxes. The Company’s consolidated statements of operations for the three and nine months ended September 30, 2012 include stock-based compensation reflected as a component of amortization of capitalized internal-use software of $2.0 million and $5.7 million, respectively, before taxes. |
Accumulated_Other_Comprehensiv
Accumulated Other Comprehensive Income | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||
Comprehensive Income | ' | |||||||||||
Accumulated Other Comprehensive Loss | ||||||||||||
The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders' equity, for the nine months ended September 30, 2013 (in thousands): | ||||||||||||
Foreign Currency Translation Adjustments | Net Unrealized Gain on Investments | Total | ||||||||||
Balance as of January 1, 2013 | $ | (2,354 | ) | $ | 714 | $ | (1,640 | ) | ||||
Other comprehensive (loss) income | (4,810 | ) | 1,016 | (3,794 | ) | |||||||
Balance as of September 30, 2013 | $ | (7,164 | ) | $ | 1,730 | $ | (5,434 | ) | ||||
The tax effect on accumulated unrealized gain on investments was $1.0 million and $0.4 million as of September 30, 2013 and December 31, 2012, respectively. Amounts reclassified from accumulated other comprehensive loss to net income were insignificant for the nine months ended September 30, 2013. |
Restructuring
Restructuring | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Restructuring | ' | |||||||||||
Restructuring | ||||||||||||
In prior years, the Company implemented workforce reductions across all areas of the Company. The Company recorded restructuring charges for the amount of one-time benefits provided to affected employees. Additionally, in connection with excess and vacated facilities under long-term non-cancelable leases, the Company recorded a restructuring charge for the estimated future lease payments, less estimated sublease income, for these vacated facilities. For the nine months ended September 30, 2013, the Company recorded additional restructuring charges related to workforce reductions and relocation expenses. | ||||||||||||
The following table summarizes the accrual and usage of the restructuring charges for the nine months ended September 30, 2013 (in thousands): | ||||||||||||
Leases | Severance | Total | ||||||||||
Beginning balance, January 1, 2013 | $ | 517 | $ | 124 | $ | 641 | ||||||
Restructuring charge | — | 891 | 891 | |||||||||
Cash payments | (122 | ) | (821 | ) | (943 | ) | ||||||
Ending balance, September 30, 2013 | $ | 395 | $ | 194 | $ | 589 | ||||||
Current portion of accrued restructuring included in other current liabilities | $ | 105 | $ | 194 | $ | 299 | ||||||
Long-term portion of accrued restructuring included in other liabilities | $ | 290 | $ | — | $ | 290 | ||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Tax Disclosure [Abstract] | ' |
Income Taxes | ' |
Income Taxes | |
The Company’s effective income tax rate, including discrete items, was 29.6% and 39.4% for the nine months ended September 30, 2013 and 2012, respectively. The effective income tax rate is based upon estimated income for the year, the estimated composition of the income in different jurisdictions and discrete adjustments, if any, in the applicable quarterly periods, including retroactive changes in tax legislation, settlements of tax audits or assessments, the resolution or identification of tax position uncertainties, and acquisitions of other companies. | |
During the third quarter of 2013, the Company completed an analysis of its domestic production activities deduction, which resulted in a net tax benefit of $16.5 million for the period from January 1, 2010 through September 30, 2013. The Company also recorded a discrete item during the nine months ended September 30, 2013 related to the reinstatement of the federal research and development credit at the beginning of 2013, which was retroactive to 2012. | |
For the nine months ended September 30, 2013, the effective income tax rate was lower than the federal statutory tax rate mainly due to the domestic production activities deduction, the composition of income in foreign jurisdictions that is taxed at lower rates compared to the statutory tax rates in the United States, as well as the reinstatement of the federal research and development credit during 2013. For the nine months ended September 30, 2012, the effective income tax rate was higher than the federal statutory tax rate mainly due to the effects of accounting for stock-based compensation in accordance with the authoritative guidance for share-based payments and state income tax expense. | |
During 2012, the Company corrected immaterial errors in its reported income tax expense attributable to prior fiscal periods. During the nine months ended September 30, 2013, the Company concluded the review that gave rise to the corrections and recorded an additional $1.4 million of income tax expense. |
Net_Income_per_Share
Net Income per Share | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share Reconciliation [Abstract] | ' | |||||||||||||||
Net Income per Share | ' | |||||||||||||||
Net Income per Share | ||||||||||||||||
Basic net income per share is computed using the weighted average number of common shares outstanding during the applicable period. Diluted net income per share is computed using the weighted average number of common shares outstanding during the period, plus the dilutive effect of potential common stock. Potential common stock consists of shares issuable pursuant to stock options, deferred stock units and restricted stock units (“RSUs”) issued by the Company. | ||||||||||||||||
The following table sets forth the components used in the computation of basic and diluted net income per share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except per share data): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Numerator: | ||||||||||||||||
Net income | $ | 79,756 | $ | 48,231 | $ | 213,138 | $ | 135,697 | ||||||||
Denominator: | ||||||||||||||||
Shares used for basic net income per share | 178,235 | 177,455 | 178,008 | 178,040 | ||||||||||||
Effect of dilutive securities: | ||||||||||||||||
Stock options | 1,580 | 2,101 | 1,693 | 2,207 | ||||||||||||
RSUs and deferred stock units | 2,107 | 1,497 | 1,922 | 1,491 | ||||||||||||
Shares used for diluted net income per share: | 181,922 | 181,053 | 181,623 | 181,738 | ||||||||||||
Basic net income per share | $ | 0.45 | $ | 0.27 | $ | 1.2 | $ | 0.76 | ||||||||
Diluted net income per share | $ | 0.44 | $ | 0.27 | $ | 1.17 | $ | 0.75 | ||||||||
For the three and nine months ended September 30, 2013 and 2012, certain potential outstanding stock options and service-based RSUs were excluded from the computation of diluted earnings per share because the effect of including these options and RSUs would be anti-dilutive. Additionally, certain performance-based RSUs were excluded from the computation of diluted net income per share because the underlying performance conditions for such RSUs had not been met as of these dates. The number of potentially outstanding shares excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Options | 1,308 | 2,438 | 1,782 | 2,735 | ||||||||||||
Service-based RSUs | 37 | 1,321 | 234 | 1,401 | ||||||||||||
Performance-based RSUs | 1,140 | 1,518 | 1,145 | 1,536 | ||||||||||||
Total shares excluded from computation | 2,485 | 5,277 | 3,161 | 5,672 | ||||||||||||
The calculation of assumed proceeds used to determine the diluted weighted average shares outstanding under the treasury stock method in the periods presented was adjusted by tax windfalls and shortfalls associated with all of the Company’s outstanding stock awards. Such windfalls and shortfalls are computed by comparing the tax deductible amount of outstanding stock awards to their grant date fair values and multiplying the results by the applicable statutory tax rate. A positive result creates a windfall, which increases the assumed proceeds, and a negative result creates a shortfall, which reduces the assumed proceeds. |
Nature_of_Business_and_Basis_o1
Nature of Business and Basis of Presentation (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' | |||||||||||||||||||||||
Schedule of Error Corrections and Prior Period Adjustments [Table Text Block] | ' | |||||||||||||||||||||||
The effect of the revisions to the consolidated statements of cash flows for the nine months ended September 30, 2012, is as follows (in thousands): | ||||||||||||||||||||||||
As Previously Reported | Adjustment | As Revised | ||||||||||||||||||||||
Cash flows from operating activities: | ||||||||||||||||||||||||
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||||||||||||||
Prepaid expenses and other current assets | 11,103 | (1,093 | ) | 10,010 | ||||||||||||||||||||
Accounts payable and accrued expenses | 54,732 | (5,583 | ) | 49,149 | ||||||||||||||||||||
Other non-current assets and liabilities | (536 | ) | 432 | (104 | ) | |||||||||||||||||||
Net cash provided by operating activities | 383,551 | (6,244 | ) | 377,307 | ||||||||||||||||||||
Cash flows from investing activities: | ||||||||||||||||||||||||
Purchases of property and equipment | (119,256 | ) | 140 | (119,116 | ) | |||||||||||||||||||
Other non-current assets and liabilities | — | 979 | 979 | |||||||||||||||||||||
Net cash used in investing activities | (669,346 | ) | 1,119 | (668,227 | ) | |||||||||||||||||||
Cash flows from financing activities: | ||||||||||||||||||||||||
Proceeds related to the issuance of common stock under stock plans | 28,635 | 5,125 | 33,760 | |||||||||||||||||||||
Net cash used in financing activities | (91,991 | ) | 5,125 | (86,866 | ) | |||||||||||||||||||
Net decrease in cash and cash equivalents | (376,547 | ) | — | (376,547 | ) | |||||||||||||||||||
The effect of the revisions to the consolidated statements of operations for the three and nine months ended September 30, 2012, is as follows (in thousands): | ||||||||||||||||||||||||
Three Months Ended | Nine Months Ended | |||||||||||||||||||||||
As Previously Reported | Adjustment | As Revised | As Previously Reported | Adjustment | As Revised | |||||||||||||||||||
Cost of revenue | $ | 109,995 | $ | 24,226 | $ | 134,221 | $ | 320,018 | $ | 70,388 | $ | 390,406 | ||||||||||||
Research and development | 19,351 | — | 19,351 | 54,373 | — | 54,373 | ||||||||||||||||||
Sales and marketing | 75,924 | (20,718 | ) | 55,206 | 219,096 | (58,415 | ) | 160,681 | ||||||||||||||||
General and administrative | 54,511 | (3,508 | ) | 51,003 | 168,214 | (11,973 | ) | 156,241 | ||||||||||||||||
Amortization of acquired intangible assets | 5,381 | — | 5,381 | 15,611 | — | 15,611 | ||||||||||||||||||
Restructuring charges | — | — | — | 14 | — | 14 | ||||||||||||||||||
Total costs and operating expenses | $ | 265,162 | $ | — | $ | 265,162 | $ | 777,326 | $ | — | $ | 777,326 | ||||||||||||
Fair_Value_Measurements_Tables
Fair Value Measurements (Tables) | 9 Months Ended | |||||||||||||||||||||||
Sep. 30, 2013 | ||||||||||||||||||||||||
Marketable Securities [Abstract] | ' | |||||||||||||||||||||||
Marketable Securities | ' | |||||||||||||||||||||||
The following is a summary of available-for-sale marketable securities held as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Gross Unrealized | Classification Balance Sheet | |||||||||||||||||||||||
Amortized Cost | Gains | Losses | Aggregate | Short-Term | Long-Term | |||||||||||||||||||
Fair Value | Marketable | Marketable | ||||||||||||||||||||||
Securities | Securities | |||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||
Certificates of deposit | $ | 219 | $ | — | $ | — | $ | 219 | $ | 171 | $ | 48 | ||||||||||||
Corporate bonds | 755,548 | 1,017 | (514 | ) | 756,051 | 296,783 | 459,268 | |||||||||||||||||
U.S. government agency obligations | 195,386 | 45 | (197 | ) | 195,234 | 34,346 | 160,888 | |||||||||||||||||
$ | 951,153 | $ | 1,062 | $ | (711 | ) | $ | 951,504 | $ | 331,300 | $ | 620,204 | ||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Certificates of deposit | $ | 3,100 | $ | — | $ | — | $ | 3,100 | $ | 3,057 | $ | 43 | ||||||||||||
Commercial paper | 7,481 | 2 | (1 | ) | 7,482 | 7,482 | — | |||||||||||||||||
Corporate bonds | 691,931 | 1,269 | (205 | ) | 692,995 | 217,548 | 475,447 | |||||||||||||||||
U.S. government agency obligations | 189,607 | 95 | (28 | ) | 189,674 | 7,505 | 182,169 | |||||||||||||||||
$ | 892,119 | $ | 1,366 | $ | (234 | ) | $ | 893,251 | $ | 235,592 | $ | 657,659 | ||||||||||||
Schedule of Fair Value Measurement | ' | |||||||||||||||||||||||
The following table details the fair value measurements within the fair value hierarchy of the Company’s financial assets and liability at September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||||||||||||||
Total Fair Value | Fair Value Measurements at Reporting Date Using | |||||||||||||||||||||||
Level 1 | Level 2 | Level 3 | ||||||||||||||||||||||
As of September 30, 2013 | ||||||||||||||||||||||||
Cash Equivalents and Marketable Securities: | ||||||||||||||||||||||||
Money market funds | $ | 778 | $ | 778 | $ | — | $ | — | ||||||||||||||||
Certificates of deposit | 4,252 | 4,252 | — | — | ||||||||||||||||||||
Corporate bonds | 756,051 | — | 756,051 | — | ||||||||||||||||||||
U.S. government agency obligations | 195,234 | — | 195,234 | — | ||||||||||||||||||||
$ | 956,315 | $ | 5,030 | $ | 951,285 | $ | — | |||||||||||||||||
Other Assets: | ||||||||||||||||||||||||
Note receivable | $ | 21,195 | $ | — | $ | — | $ | 21,195 | ||||||||||||||||
As of December 31, 2012 | ||||||||||||||||||||||||
Cash Equivalents and Marketable Securities: | ||||||||||||||||||||||||
Money market funds | $ | 22,255 | $ | 22,255 | $ | — | $ | — | ||||||||||||||||
Certificates of deposit | 7,473 | 7,473 | — | — | ||||||||||||||||||||
Commercial paper | 9,482 | — | 9,482 | — | ||||||||||||||||||||
Corporate bonds | 692,995 | — | 692,995 | — | ||||||||||||||||||||
U.S. government agency obligations | 189,674 | — | 189,674 | — | ||||||||||||||||||||
$ | 921,879 | $ | 29,728 | $ | 892,151 | $ | — | |||||||||||||||||
Other Liabilities: | ||||||||||||||||||||||||
Contingent consideration obligation related to Verivue acquisition | $ | (1,200 | ) | $ | — | $ | — | $ | (1,200 | ) | ||||||||||||||
Schedule of Contractual Maturities of Marketable Securities and Other Investment Related Assets | ' | |||||||||||||||||||||||
Contractual maturities of the Company’s available-for-sale marketable securities held at September 30, 2013 and December 31, 2012 were as follows (in thousands): | ||||||||||||||||||||||||
September 30, | December 31, | |||||||||||||||||||||||
2013 | 2012 | |||||||||||||||||||||||
Due in 1 year or less | $ | 331,300 | $ | 235,592 | ||||||||||||||||||||
Due after 1 year through 5 years | 620,204 | 657,659 | ||||||||||||||||||||||
$ | 951,504 | $ | 893,251 | |||||||||||||||||||||
Schedule of Fair Value Assets and Liabilties Unobservable Input Reconciliation | ' | |||||||||||||||||||||||
The following table reflects the activity for the Company’s major classes of assets and liabilities measured at fair value using Level 3 inputs for the nine months ended September 30, 2013 (in thousands): | ||||||||||||||||||||||||
Other Assets: | Other Liabilities: | |||||||||||||||||||||||
Note Receivable | Contingent Consideration Obligation | |||||||||||||||||||||||
Balance as of January 1, 2013 | $ | — | $ | (1,200 | ) | |||||||||||||||||||
Fair value adjustment to contingent consideration for acquisition of Verivue included in general and administrative expense | — | 1,200 | ||||||||||||||||||||||
Convertible note receivable from divestiture of a business | 18,882 | — | ||||||||||||||||||||||
Unrealized gain on convertible note receivable included in other comprehensive income | 2,313 | — | ||||||||||||||||||||||
Balance as of September 30, 2013 | $ | 21,195 | $ | — | ||||||||||||||||||||
Accounts_Receivable_Tables
Accounts Receivable (Tables) | 9 Months Ended | |||||||
Sep. 30, 2013 | ||||||||
Accounts, Notes, Loans and Financing Receivable, Gross, Allowance, and Net [Abstract] | ' | |||||||
Schedule of Accounts Receivable | ' | |||||||
Net accounts receivable consisted of the following as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||
September 30, | December 31, | |||||||
2013 | 2012 | |||||||
Trade accounts receivable | $ | 169,873 | $ | 143,533 | ||||
Unbilled accounts | 90,164 | 79,051 | ||||||
Gross accounts receivable | 260,037 | 222,584 | ||||||
Allowance for doubtful accounts | (824 | ) | (1,154 | ) | ||||
Reserve for cash-basis customers | (2,760 | ) | (2,653 | ) | ||||
Total accounts receivable reserves | (3,584 | ) | (3,807 | ) | ||||
Accounts receivable, net | $ | 256,453 | $ | 218,777 | ||||
Goodwill_and_Other_Intangible_1
Goodwill and Other Intangible Assets (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Goodwill and Intangible Assets Disclosure [Abstract] | ' | |||||||||||
Schedule of Goodwill | ' | |||||||||||
The change in the carrying amount of goodwill for the nine months ended September 30, 2013 was as follows (in thousands): | ||||||||||||
Balance as of January 1, 2013 (1) | $ | 723,701 | ||||||||||
Divestiture of Advertising Decision Solutions business | (1,939 | ) | ||||||||||
Acquisition of strategic network assets | 29,509 | |||||||||||
Balance as of September 30, 2013 | $ | 751,271 | ||||||||||
Schedule of Other Intangible Assets | ' | |||||||||||
Acquired intangible assets that are subject to amortization consist of the following as of September 30, 2013 and December 31, 2012 (in thousands): | ||||||||||||
September 30, 2013 | ||||||||||||
Gross | Accumulated Amortization | Net | ||||||||||
Carrying | Carrying | |||||||||||
Amount | Amount | |||||||||||
Completed technology | $ | 62,331 | $ | (33,071 | ) | $ | 29,260 | |||||
Customer relationships | 115,100 | (73,536 | ) | 41,564 | ||||||||
Non-compete agreements | 10,570 | (4,084 | ) | 6,486 | ||||||||
Trademarks and trade names | 3,400 | (907 | ) | 2,493 | ||||||||
Acquired license rights | 490 | (490 | ) | — | ||||||||
Total | $ | 191,891 | $ | (112,088 | ) | $ | 79,803 | |||||
31-Dec-12 | ||||||||||||
Gross | Accumulated | Net | ||||||||||
Carrying | Amortization | Carrying | ||||||||||
Amount | Amount | |||||||||||
Completed technology | $ | 71,531 | $ | (32,842 | ) | $ | 38,689 | |||||
Customer relationships | 104,700 | (68,702 | ) | 35,998 | ||||||||
Non-compete agreements | 14,770 | (7,645 | ) | 7,125 | ||||||||
Trademarks and trade names | 3,700 | (958 | ) | 2,742 | ||||||||
Acquired license rights | 490 | (490 | ) | — | ||||||||
Total | $ | 195,191 | $ | (110,637 | ) | $ | 84,554 | |||||
Stockholders_Equity_Tables
Stockholders' Equity (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Stockholders' Equity Note [Abstract] | ' | |||||||||||||||
Schedule of Stock-Based Compensation Expense | ' | |||||||||||||||
The following table summarizes stock-based compensation expense included in the Company’s consolidated statements of operations for the three and nine months ended September 30, 2013 and 2012 (in thousands): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Cost of revenues | $ | 2,885 | $ | 2,834 | $ | 8,230 | $ | 8,604 | ||||||||
Research and development | 4,583 | 4,427 | 12,819 | 13,258 | ||||||||||||
Sales and marketing | 10,048 | 8,746 | 29,278 | 25,671 | ||||||||||||
General and administrative | 6,963 | 6,628 | 21,884 | 21,647 | ||||||||||||
Total stock-based compensation | 24,479 | 22,635 | 72,211 | 69,180 | ||||||||||||
Provision for income taxes | (8,272 | ) | (9,242 | ) | (24,581 | ) | (27,114 | ) | ||||||||
Total stock-based compensation, net of taxes | $ | 16,207 | $ | 13,393 | $ | 47,630 | $ | 42,066 | ||||||||
Accumulated_Other_Comprehensiv1
Accumulated Other Comprehensive Income (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | |||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | ' | |||||||||||
The following table summarizes the changes in accumulated other comprehensive loss, which is reported as a component of stockholders' equity, for the nine months ended September 30, 2013 (in thousands): | ||||||||||||
Foreign Currency Translation Adjustments | Net Unrealized Gain on Investments | Total | ||||||||||
Balance as of January 1, 2013 | $ | (2,354 | ) | $ | 714 | $ | (1,640 | ) | ||||
Other comprehensive (loss) income | (4,810 | ) | 1,016 | (3,794 | ) | |||||||
Balance as of September 30, 2013 | $ | (7,164 | ) | $ | 1,730 | $ | (5,434 | ) | ||||
Restructuring_Tables
Restructuring (Tables) | 9 Months Ended | |||||||||||
Sep. 30, 2013 | ||||||||||||
Restructuring and Related Activities [Abstract] | ' | |||||||||||
Schedule of accrual and usage of the restructuring charges | ' | |||||||||||
The following table summarizes the accrual and usage of the restructuring charges for the nine months ended September 30, 2013 (in thousands): | ||||||||||||
Leases | Severance | Total | ||||||||||
Beginning balance, January 1, 2013 | $ | 517 | $ | 124 | $ | 641 | ||||||
Restructuring charge | — | 891 | 891 | |||||||||
Cash payments | (122 | ) | (821 | ) | (943 | ) | ||||||
Ending balance, September 30, 2013 | $ | 395 | $ | 194 | $ | 589 | ||||||
Current portion of accrued restructuring included in other current liabilities | $ | 105 | $ | 194 | $ | 299 | ||||||
Long-term portion of accrued restructuring included in other liabilities | $ | 290 | $ | — | $ | 290 | ||||||
Net_Income_per_Share_Tables
Net Income per Share (Tables) | 9 Months Ended | |||||||||||||||
Sep. 30, 2013 | ||||||||||||||||
Earnings Per Share Reconciliation [Abstract] | ' | |||||||||||||||
Schedule of Components Used in Diluted and Basic Income Per Common Share | ' | |||||||||||||||
The following table sets forth the components used in the computation of basic and diluted net income per share for the three and nine months ended September 30, 2013 and 2012 (in thousands, except per share data): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Numerator: | ||||||||||||||||
Net income | $ | 79,756 | $ | 48,231 | $ | 213,138 | $ | 135,697 | ||||||||
Denominator: | ||||||||||||||||
Shares used for basic net income per share | 178,235 | 177,455 | 178,008 | 178,040 | ||||||||||||
Effect of dilutive securities: | ||||||||||||||||
Stock options | 1,580 | 2,101 | 1,693 | 2,207 | ||||||||||||
RSUs and deferred stock units | 2,107 | 1,497 | 1,922 | 1,491 | ||||||||||||
Shares used for diluted net income per share: | 181,922 | 181,053 | 181,623 | 181,738 | ||||||||||||
Basic net income per share | $ | 0.45 | $ | 0.27 | $ | 1.2 | $ | 0.76 | ||||||||
Diluted net income per share | $ | 0.44 | $ | 0.27 | $ | 1.17 | $ | 0.75 | ||||||||
Schedule of Shares Excluded from Computation of Diluted Earnings Per Share | ' | |||||||||||||||
The number of potentially outstanding shares excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2013 and 2012 are as follows (in thousands): | ||||||||||||||||
For the Three Months | For the Nine Months | |||||||||||||||
Ended September 30, | Ended September 30, | |||||||||||||||
2013 | 2012 | 2013 | 2012 | |||||||||||||
Options | 1,308 | 2,438 | 1,782 | 2,735 | ||||||||||||
Service-based RSUs | 37 | 1,321 | 234 | 1,401 | ||||||||||||
Performance-based RSUs | 1,140 | 1,518 | 1,145 | 1,536 | ||||||||||||
Total shares excluded from computation | 2,485 | 5,277 | 3,161 | 5,672 | ||||||||||||
Nature_of_Business_and_Basis_o2
Nature of Business and Basis of Presentation Narrative (Details) | 9 Months Ended |
Sep. 30, 2013 | |
segment | |
countries | |
network | |
server | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ' |
Number of industry segments | 1 |
Number of servers | 141,000 |
Number of networks | 1,200 |
Number of countries servers are in | 90 |
Nature_of_Business_and_Basis_o3
Nature of Business and Basis of Presentation Revision of Prior Period Amounts (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Cost of revenue | $132,039 | $134,221 | $377,136 | $390,406 |
Research and development | 24,857 | 19,351 | 67,359 | 54,373 |
Sales and marketing | 67,811 | 55,206 | 198,326 | 160,681 |
General and administrative | 66,634 | 51,003 | 183,365 | 156,241 |
Amortization of acquired intangible assets | 4,859 | 5,381 | 16,653 | 15,611 |
Restructuring charges | 69 | 0 | 891 | 14 |
Total costs and operating expenses | 296,269 | 265,162 | 843,730 | 777,326 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' |
Prepaid expenses and other current assets | ' | ' | -9,266 | 10,010 |
Accounts payable and accrued expenses | ' | ' | 43,730 | 49,149 |
Other non-current assets and liabilities | ' | ' | -3,328 | -104 |
Net cash provided by operating activities | ' | ' | 392,176 | 377,307 |
Purchases of property and equipment | ' | ' | -142,567 | -119,116 |
Other non-currents assets and liabilities | ' | ' | -3,320 | 979 |
Net cash used in investing activities | ' | ' | -286,571 | -668,227 |
Proceeds related to the issuance of common stock under stock plans | ' | ' | 54,418 | 33,760 |
Net cash used in financing activities | ' | ' | -68,397 | -86,866 |
Net decrease in cash and cash equivalents | ' | ' | 33,026 | -376,547 |
As previously reported [Member] | ' | ' | ' | ' |
Cost of revenue | ' | 109,995 | ' | 320,018 |
Research and development | ' | 19,351 | ' | 54,373 |
Sales and marketing | ' | 75,924 | ' | 219,096 |
General and administrative | ' | 54,511 | ' | 168,214 |
Amortization of acquired intangible assets | ' | 5,381 | ' | 15,611 |
Restructuring charges | ' | 0 | ' | 14 |
Total costs and operating expenses | ' | 265,162 | ' | 777,326 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' |
Prepaid expenses and other current assets | ' | ' | ' | 11,103 |
Accounts payable and accrued expenses | ' | ' | ' | 54,732 |
Other non-current assets and liabilities | ' | ' | ' | -536 |
Net cash provided by operating activities | ' | ' | ' | 383,551 |
Purchases of property and equipment | ' | ' | ' | -119,256 |
Other non-currents assets and liabilities | ' | ' | ' | 0 |
Net cash used in investing activities | ' | ' | ' | -669,346 |
Proceeds related to the issuance of common stock under stock plans | ' | ' | ' | 28,635 |
Net cash used in financing activities | ' | ' | ' | -91,991 |
Net decrease in cash and cash equivalents | ' | ' | ' | -376,547 |
Adjustment [Member] | ' | ' | ' | ' |
Cost of revenue | ' | 24,226 | ' | 70,388 |
Research and development | ' | 0 | ' | 0 |
Sales and marketing | ' | -20,718 | ' | -58,415 |
General and administrative | ' | -3,508 | ' | -11,973 |
Amortization of acquired intangible assets | ' | 0 | ' | 0 |
Restructuring charges | ' | 0 | ' | 0 |
Total costs and operating expenses | ' | 0 | ' | 0 |
Adjustments to reconcile net income to net cash provided by operating activities: | ' | ' | ' | ' |
Prepaid expenses and other current assets | ' | ' | ' | -1,093 |
Accounts payable and accrued expenses | ' | ' | ' | -5,583 |
Other non-current assets and liabilities | ' | ' | ' | 432 |
Net cash provided by operating activities | ' | ' | ' | -6,244 |
Purchases of property and equipment | ' | ' | ' | 140 |
Other non-currents assets and liabilities | ' | ' | ' | 979 |
Net cash used in investing activities | ' | ' | ' | 1,119 |
Proceeds related to the issuance of common stock under stock plans | ' | ' | ' | 5,125 |
Net cash used in financing activities | ' | ' | ' | 5,125 |
Net decrease in cash and cash equivalents | ' | ' | ' | $0 |
Changes_to_Significant_Account1
Changes to Significant Accounting Policies Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended |
Sep. 30, 2013 | Sep. 30, 2013 | |
Change in Accounting Estimate [Line Items] | ' | ' |
Property and equipment useful life minimum (in years) | ' | '1 year |
Property and equipment per unit value minimum | $1,000 | $1,000 |
Service Life [Member] | ' | ' |
Change in Accounting Estimate [Line Items] | ' | ' |
Change in accounting estimate, financial impact | $10,300,000 | $37,200,000 |
Software and Hardware [Member] | Historical Useful Life [Member] | ' | ' |
Change in Accounting Estimate [Line Items] | ' | ' |
Property and equipment useful life (in years) | ' | '3 years |
Software and Hardware [Member] | Service Life [Member] | ' | ' |
Change in Accounting Estimate [Line Items] | ' | ' |
Property and equipment useful life (in years) | ' | '4 years |
Fair_Value_Measurements_Narrat
Fair Value Measurements Narrative (Details) (USD $) | Sep. 30, 2013 |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Face value of note receivable | $25,000,000 |
Probability of note receivable conversion | 90.00% |
Alternative probability of conversion [Member] | ' |
Fair Value Inputs, Assets, Quantitative Information [Line Items] | ' |
Fair value of note receivable | $22,000,000 |
Probability of note receivable conversion | 70.00% |
Fair_Value_Measurements_Market
Fair Value Measurements Marketable Securities (Details) (USD $) | 3 Months Ended | 12 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 | Dec. 31, 2012 |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | $951,153 | $892,119 |
Gross unrealized gains | 1,062 | 1,366 |
Gross unrealized losses | -711 | -234 |
Aggregate fair value | 951,504 | 893,251 |
Short-term marketable securities | 331,300 | 235,592 |
Long-term marketable securities | 620,204 | 657,659 |
Certificates of Deposit [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 219 | 3,100 |
Gross unrealized gains | 0 | 0 |
Gross unrealized losses | 0 | 0 |
Aggregate fair value | 219 | 3,100 |
Short-term marketable securities | 171 | 3,057 |
Long-term marketable securities | 48 | 43 |
Commercial Paper [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | ' | 7,481 |
Gross unrealized gains | ' | 2 |
Gross unrealized losses | ' | -1 |
Aggregate fair value | ' | 7,482 |
Short-term marketable securities | ' | 7,482 |
Long-term marketable securities | ' | 0 |
U.S. Corporate Debt Securities [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 755,548 | 691,931 |
Gross unrealized gains | 1,017 | 1,269 |
Gross unrealized losses | -514 | -205 |
Aggregate fair value | 756,051 | 692,995 |
Short-term marketable securities | 296,783 | 217,548 |
Long-term marketable securities | 459,268 | 475,447 |
U.S. Government Agencies Obligations [Member] | ' | ' |
Schedule of Available-for-sale Securities [Line Items] | ' | ' |
Available-for-sale securities, amortized cost | 195,386 | 189,607 |
Gross unrealized gains | 45 | 95 |
Gross unrealized losses | -197 | -28 |
Aggregate fair value | 195,234 | 189,674 |
Short-term marketable securities | 34,346 | 7,505 |
Long-term marketable securities | $160,888 | $182,169 |
Fair_Value_Measurements_Schedu
Fair Value Measurements Schedule of Fair Value Measurement (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | $951,504 | $893,251 |
Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 219 | 3,100 |
Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | ' | 7,482 |
U.S. Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 756,051 | 692,995 |
U.S. Government Agencies Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 195,234 | 189,674 |
Total Fair Value [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash equivalents and marketable securities | 956,315 | 921,879 |
Note receivable | 21,195 | ' |
Contingent consideration | ' | -1,200 |
Total Fair Value [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 778 | 22,255 |
Total Fair Value [Member] | Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 4,252 | 7,473 |
Total Fair Value [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | ' | 9,482 |
Total Fair Value [Member] | U.S. Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 756,051 | 692,995 |
Total Fair Value [Member] | U.S. Government Agencies Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 195,234 | 189,674 |
Level 1 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash equivalents and marketable securities | 5,030 | 29,728 |
Note receivable | 0 | ' |
Contingent consideration | ' | 0 |
Level 1 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 778 | 22,255 |
Level 1 [Member] | Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 4,252 | 7,473 |
Level 1 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | ' | 0 |
Level 1 [Member] | U.S. Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 0 | 0 |
Level 1 [Member] | U.S. Government Agencies Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 0 | 0 |
Level 2 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash equivalents and marketable securities | 951,285 | 892,151 |
Note receivable | 0 | ' |
Contingent consideration | ' | 0 |
Level 2 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 0 | 0 |
Level 2 [Member] | Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 0 | 0 |
Level 2 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | ' | 9,482 |
Level 2 [Member] | U.S. Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 756,051 | 692,995 |
Level 2 [Member] | U.S. Government Agencies Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 195,234 | 189,674 |
Level 3 [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Cash equivalents and marketable securities | 0 | 0 |
Note receivable | 21,195 | ' |
Contingent consideration | ' | -1,200 |
Level 3 [Member] | Money Market Funds [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Money market funds | 0 | 0 |
Level 3 [Member] | Certificates of Deposit [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 0 | 0 |
Level 3 [Member] | Commercial Paper [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | ' | 0 |
Level 3 [Member] | U.S. Corporate Debt Securities [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | 0 | 0 |
Level 3 [Member] | U.S. Government Agencies Obligations [Member] | ' | ' |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Aggregate fair value | $0 | $0 |
Fair_Value_Measurements_Contra
Fair Value Measurements Contractual Maturities (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | ' | ' |
Due in 1 year or less | $331,300 | $235,592 |
Due after 1 year through 5 years | 620,204 | 657,659 |
Aggregate fair value | $951,504 | $893,251 |
Fair_Value_Measurements_Schedu1
Fair Value Measurements Schedule of Activity of Major Classes of Assets Measured at Fair Value Using Level 3 Inputs (Details) (Level 3 [Member], USD $) | 9 Months Ended |
Sep. 30, 2013 | |
Level 3 [Member] | ' |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ' |
Balance as of January 1, 2013, other assets | $0 |
Balance as of January 1, 2013, other liabilities | -1,200,000 |
Fair value adjustment to contingent consideration for acquisition of Verivue included in general and administrative expense | 1,200,000 |
Convertible note receivable from divestiture of a business | 18,882,000 |
Unrealized gain on convertible note receivable included in other comprehensive income | 2,313,000 |
Balance as of September 30, 2013, other assets | 21,195,000 |
Balance as of Setember 30, 2013, other liabilities | $0 |
Accounts_Receivable_Schedule_o
Accounts Receivable Schedule of Accounts Receivable (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable | $260,037 | $222,584 |
Allowance for doubtful accounts | -824 | -1,154 |
Reserve for cash-basis customers | -2,760 | -2,653 |
Accounts receivable reserve | -3,584 | -3,807 |
Accounts receivable, net | 256,453 | 218,777 |
Trade Accounts Receivable [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable | 169,873 | 143,533 |
Unbilled Revenues [Member] | ' | ' |
Accounts, Notes, Loans and Financing Receivable [Line Items] | ' | ' |
Accounts receivable | $90,164 | $79,051 |
Goodwill_and_Other_Intangible_2
Goodwill and Other Intangible Assets Narrative (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Goodwill and Intangible Assets Disclosure [Abstract] | ' | ' | ' | ' |
Amortization of acquired intangible assets | $4,859,000 | $5,381,000 | $16,653,000 | $15,611,000 |
Future amortization expense to be recognized in remainder of current year | 4,900,000 | ' | 4,900,000 | ' |
Future amortization expense 2014 | 20,600,000 | ' | 20,600,000 | ' |
Future amortization expense 2015 | 18,800,000 | ' | 18,800,000 | ' |
Future amortization expense 2016 | 14,000,000 | ' | 14,000,000 | ' |
Future amortization expense 2017 | $9,500,000 | ' | $9,500,000 | ' |
Goodwill_and_Other_Intangible_3
Goodwill and Other Intangible Assets Schedule of Goodwill (Details) (USD $) | 9 Months Ended | |
In Thousands, unless otherwise specified | Sep. 30, 2013 | |
Goodwill [Roll Forward] | ' | |
Balance as of January 1, 2013 (1) | $723,701 | [1] |
Divestiture of Advertising Decision Solutions business | -1,939 | |
Acquisition of strategic network assets | 29,509 | |
Balance as of September 30, 2013 | $751,271 | |
[1] | Balance as of January 1, 2013 has been revised to reflect purchase accounting measurement period adjustments (Note 6). |
Goodwill_and_Other_Intangible_4
Goodwill and Other Intangible Assets Schedule of Other Intangible Assets (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | $191,891 | $195,191 |
Accumulated amortization | -112,088 | -110,637 |
Net carrying amount | 79,803 | 84,554 |
Completed Technologies [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 62,331 | 71,531 |
Accumulated amortization | -33,071 | -32,842 |
Net carrying amount | 29,260 | 38,689 |
Customer Relationships [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 115,100 | 104,700 |
Accumulated amortization | -73,536 | -68,702 |
Net carrying amount | 41,564 | 35,998 |
Non-Compete Agreements [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 10,570 | 14,770 |
Accumulated amortization | -4,084 | -7,645 |
Net carrying amount | 6,486 | 7,125 |
Trademarks [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 3,400 | 3,700 |
Accumulated amortization | -907 | -958 |
Net carrying amount | 2,493 | 2,742 |
Acquired License Rights [Member] | ' | ' |
Finite-Lived Intangible Assets [Line Items] | ' | ' |
Gross carrying amount | 490 | 490 |
Accumulated amortization | -490 | -490 |
Net carrying amount | $0 | $0 |
Business_Acquisitions_and_Dive1
Business Acquisitions and Divestitures Narrative (Details) (USD $) | 9 Months Ended | 3 Months Ended | 0 Months Ended | 3 Months Ended | 0 Months Ended | ||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Dec. 31, 2012 | Mar. 31, 2013 | Nov. 30, 2012 | Sep. 30, 2013 | Dec. 04, 2012 | Sep. 13, 2012 | Mar. 06, 2012 | Feb. 07, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | ||
ADS Divesiture [Member] | Strategic Network Acquisition [Member] | Strategic Network Acquisition [Member] | Verivue [Member] | FastSoft [Member] | Cotendo Acquisition [Member] | Blaze Acquisition [Member] | Purchase Price Allocation Adjustments [Member] | Purchase Price Allocation Adjustments [Member] | |||||
Verivue [Member] | FastSoft [Member] | ||||||||||||
Business Acquisition [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | |
Total purchase consideration | ' | ' | ' | ' | $55,000,000 | ' | $30,900,000 | $14,400,000 | $278,900,000 | $19,300,000 | ' | ' | |
Consideration paid | ' | ' | ' | ' | ' | 27,500,000 | ' | ' | ' | ' | ' | ' | |
Allocated to goodwill | 751,271,000 | ' | 723,701,000 | [1] | ' | 29,500,000 | ' | 14,900,000 | 7,100,000 | 233,800,000 | 15,100,000 | 5,800,000 | 1,800,000 |
Allocated to intangible assets | ' | ' | ' | ' | 16,100,000 | ' | 7,500,000 | 3,700,000 | 43,800,000 | 5,100,000 | ' | ' | |
Weighted average usefule life | ' | ' | ' | ' | '9 years 9 months 18 days | ' | '6 years 4 months 24 days | '9 years | '7 years 1 month 6 days | '5 years 3 months 18 days | ' | ' | |
Goodwill, expected tax deductible amount | ' | ' | ' | ' | 29,500,000 | ' | 3,000,000 | 1,700,000 | 44,400,000 | 13,500,000 | ' | ' | |
Contingent consideration liability | ' | ' | ' | ' | ' | ' | 1,200,000 | ' | ' | ' | ' | ' | |
Convertible note receivable received for divestiture of a business | $18,882,000 | $0 | ' | $25,000,000 | ' | ' | ' | ' | ' | ' | ' | ' | |
[1] | Balance as of January 1, 2013 has been revised to reflect purchase accounting measurement period adjustments (Note 6). |
Stockholders_Equity_Narrative_
Stockholders' Equity Narrative (Details) (USD $) | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | |||
Share data in Millions, unless otherwise specified | Jan. 31, 2013 | Apr. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Oct. 31, 2013 |
Subsequent Event [Member] | |||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' |
Stock repurchase program, authorized amount | $150,000,000 | $150,000,000 | ' | ' | ' | ' | $750,000,000 |
Shares repurchased during period (in shares) | ' | ' | 0.7 | 1.2 | 2.8 | 3.6 | ' |
Value of shares repurchased during period | ' | ' | 29,600,000 | 36,500,000 | 112,400,000 | 111,600,000 | ' |
Amortization expense from capitalized stock-based compensation | ' | ' | $2,200,000 | $2,000,000 | $6,100,000 | $5,700,000 | ' |
Stockholders_Equity_Schedule_o
Stockholders' Equity Schedule of Stock Based Compensation Expense (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation | $24,479 | $22,635 | $72,211 | $69,180 |
Provision for income taxes | -8,272 | -9,242 | -24,581 | -27,114 |
Total stock-based compensation, net of taxes | 16,207 | 13,393 | 47,630 | 42,066 |
Cost of Revenue [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation | 2,885 | 2,834 | 8,230 | 8,604 |
Research and Development Expense [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation | 4,583 | 4,427 | 12,819 | 13,258 |
Sales and Marketing Expense [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation | 10,048 | 8,746 | 29,278 | 25,671 |
General and Administrative Expenses [Member] | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total stock-based compensation | $6,963 | $6,628 | $21,884 | $21,647 |
Accumulated_Other_Comprehensiv2
Accumulated Other Comprehensive Income Narrative (Details) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Millions, unless otherwise specified | ||
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] | ' | ' |
Tax portion of net unrealized gain on investments | $1 | $0.40 |
Accumulated_Other_Comprehensiv3
Accumulated Other Comprehensive Income Schedule of Accumulated Other Comprehensive Income (Loss) (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Accumulated Other Comprehensive Loss [Roll Forward] | ' | ' | ' | ' |
Balance as of January 1, 2013 | ' | ' | ($1,640) | ' |
Other comprehensive (loss) income | 5,521 | 4,591 | -3,794 | 1,742 |
Balance as of September 30, 2013 | -5,434 | ' | -5,434 | ' |
Foreign Currency Translation Adjustments | ' | ' | ' | ' |
Accumulated Other Comprehensive Loss [Roll Forward] | ' | ' | ' | ' |
Balance as of January 1, 2013 | ' | ' | -2,354 | ' |
Other comprehensive (loss) income | ' | ' | -4,810 | ' |
Balance as of September 30, 2013 | -7,164 | ' | -7,164 | ' |
Net Unrealized Gain on Investments | ' | ' | ' | ' |
Accumulated Other Comprehensive Loss [Roll Forward] | ' | ' | ' | ' |
Balance as of January 1, 2013 | ' | ' | 714 | ' |
Other comprehensive (loss) income | ' | ' | 1,016 | ' |
Balance as of September 30, 2013 | $1,730 | ' | $1,730 | ' |
Restructuring_Restructuring_Ac
Restructuring Restructuring Activity (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Beginning balance, January 1, 2013 | ' | ' | $641 | ' |
Restructuring charges | 69 | 0 | 891 | 14 |
Cash payments | ' | ' | -943 | ' |
Ending balance, September 30, 2013 | 589 | ' | 589 | ' |
Current portion of accrued restructuring included in other current liabilities | 299 | ' | 299 | ' |
Long-term portion of accrued restructuring included in other liabilities | 290 | ' | 290 | ' |
Facility Closing [Member] | ' | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Beginning balance, January 1, 2013 | ' | ' | 517 | ' |
Restructuring charges | ' | ' | 0 | ' |
Cash payments | ' | ' | -122 | ' |
Ending balance, September 30, 2013 | 395 | ' | 395 | ' |
Current portion of accrued restructuring included in other current liabilities | 105 | ' | 105 | ' |
Long-term portion of accrued restructuring included in other liabilities | 290 | ' | 290 | ' |
Employee Severance [Member] | ' | ' | ' | ' |
Restructuring Reserve [Roll Forward] | ' | ' | ' | ' |
Beginning balance, January 1, 2013 | ' | ' | 124 | ' |
Restructuring charges | ' | ' | 891 | ' |
Cash payments | ' | ' | -821 | ' |
Ending balance, September 30, 2013 | 194 | ' | 194 | ' |
Current portion of accrued restructuring included in other current liabilities | 194 | ' | 194 | ' |
Long-term portion of accrued restructuring included in other liabilities | $0 | ' | $0 | ' |
Income_Taxes_Narrative_Details
Income Taxes Narrative (Details) (USD $) | 9 Months Ended | 45 Months Ended | |
In Millions, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 |
Income Tax Disclosure [Abstract] | ' | ' | ' |
Effective income tax rate | 29.60% | 39.40% | ' |
Domestic production activities deduction | ' | ' | $16.50 |
Income tax adjustment | $1.40 | ' | ' |
Net_Income_per_Share_Schedule_
Net Income per Share Schedule of Components Used in Diluted and Basic Income Per Common Share (Details) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Numerator [Abstract] | ' | ' | ' | ' |
Net income (in dollars) | $79,756 | $48,231 | $213,138 | $135,697 |
Denominator [Abstract] | ' | ' | ' | ' |
Denominator for basic net income per common share | 178,235 | 177,455 | 178,008 | 178,040 |
Effect of dilutive securities: | ' | ' | ' | ' |
Denominator for diluted net income per common share | 181,922 | 181,053 | 181,623 | 181,738 |
Basic net income per common share (in dollars per share) | $0.45 | $0.27 | $1.20 | $0.76 |
Diluted net income per common share (in dollars per share) | $0.44 | $0.27 | $1.17 | $0.75 |
Stock Option [Member] | ' | ' | ' | ' |
Effect of dilutive securities: | ' | ' | ' | ' |
Dilutive securities | 1,580 | 2,101 | 1,693 | 2,207 |
Restricted Stock Units and Deferred Stock Units [Member] | ' | ' | ' | ' |
Effect of dilutive securities: | ' | ' | ' | ' |
Dilutive securities | 2,107 | 1,497 | 1,922 | 1,491 |
Net_Income_per_Share_Schedule_1
Net Income per Share Schedule of Shares Excluded from Computation of Diluted EPS (Details) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive securities | 2,485 | 5,277 | 3,161 | 5,672 |
Stock Options [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive securities | 1,308 | 2,438 | 1,782 | 2,735 |
Restricted Stock Units Service Based [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive securities | 37 | 1,321 | 234 | 1,401 |
Restricted Stock Units Performance Based [Member] | ' | ' | ' | ' |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ' | ' | ' | ' |
Anti-dilutive securities | 1,140 | 1,518 | 1,145 | 1,536 |