SS&C Technologies (SSNC) 10-Q 1 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 28, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	SSNC
Entity Registrant Name	SS&C Technologies Holdings Inc
Entity Central Index Key	1402436
Current Fiscal Year End Date	-19
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		84,431,021

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets:
Cash	$88,330	$109,577
Accounts receivable, net of allowance for doubtful accounts of $2,544 and $2,241, respectively	103,802	94,359
Prepaid expenses and other current assets	11,681	14,927
Prepaid income taxes	11,912	11,857
Deferred income taxes	2,627	2,975
Restricted cash	1,478	1,477
Total current assets	219,830	235,172
Property, plant and equipment:
Land	2,655	2,655
Building and improvements	28,405	28,521
Equipment, furniture, and fixtures	80,730	79,564
Total property and equipment	111,790	110,740
Less: accumulated depreciation	-58,980	-56,463
Net property, plant and equipment	52,810	54,277
Deferred income taxes	1,298	1,135
Goodwill	1,541,768	1,573,227
Intangible and other assets, net of accumulated amortization of $431,795 and $416,708, respectively	391,033	421,511
Total assets	2,206,739	2,285,322
Current liabilities:
Current portion of long-term debt (Note 4)	19,061	20,470
Accounts payable	12,144	12,004
Income taxes payable		1,116
Accrued employee compensation and benefits	18,970	53,975
Deferred taxes	151	110
Other accrued expenses	37,462	30,666
Deferred maintenance and other revenue	80,729	73,254
Total current liabilities	168,517	191,595
Long-term debt, net of current portion (Note 4)	576,192	618,435
Other long-term liabilities	27,096	26,446
Deferred income taxes	97,169	102,176
Total liabilities	868,974	938,652
Commitments and contingencies (Note 5)
Common stock:
Common stock	825	822
Additional paid-in capital	976,449	964,845
Accumulated other comprehensive income (loss)	-51,340	-15,121
Retained earnings	429,789	414,082
Total common stock	1,355,750	1,364,655
Less: cost of common stock in treasury, 786 shares	-17,985	-17,985
Total stockholders' equity	1,337,765	1,346,670
Total liabilities and stockholders' equity	2,206,739	2,285,322
Class A Non-Voting Common Stock [Member]
Common stock:
Common stock	$27	$27

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Allowance for doubtful accounts receivable	$2,544	$2,241
Accumulated amortization of finite-lived intangible assets	$431,795	$416,708
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	200,000,000	100,000,000
Common stock, shares issued	82,513,000	82,268,000
Common stock, shares outstanding	81,727,000	81,482,000
Common stock, shares unvested	16,000	17,000
Treasury stock, shares	786,000	786,000
Class A Non-Voting Common Stock [Member]
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	5,000,000	5,000,000
Common stock, shares issued	2,704,000	2,704,000
Common stock, shares outstanding	2,704,000	2,704,000

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Revenues:
Software-enabled services	$153,567	$145,383
Software licenses	7,326	7,499
Maintenance	35,718	25,526
Professional services	9,124	7,402
Total revenues	205,735	185,810
Cost of revenues:
Software-enabled services	88,602	85,691
Software licenses	1,390	851
Maintenance	13,801	9,931
Professional services	8,514	5,026
Total cost of revenues	112,307	101,499
Gross profit	93,428	84,311
Operating expenses:
Selling and marketing	13,387	11,898
Research and development	19,608	13,587
General and administrative	17,300	11,801
Total operating expenses	50,295	37,286
Operating income	43,133	47,025
Interest expense, net	-5,600	-7,098
Other expense, net	-1,507	-686
Income before income taxes	36,026	39,241
Provision for income taxes	9,780	12,793
Net income	26,246	26,448
Basic earnings per share	$0.31	$0.32
Basic weighted average number of common shares outstanding	84,263	82,722
Diluted earnings per share	$0.30	$0.30
Diluted weighted average number of common and common equivalent shares outstanding	88,456	86,901
Net income	26,246	26,448
Other comprehensive loss:
Foreign currency exchange translation adjustment	-36,219	-6,306
Total comprehensive loss	-36,219	-6,306
Comprehensive (loss) income	($9,973)	$20,142

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flow from operating activities:
Net income	$26,246	$26,448
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,996	24,936
Amortization of loan origination costs	1,435	1,520
Income tax benefit related to exercise of stock options	-2,839	-2,453
Deferred income taxes	-2,131	-1,441
Stock-based compensation expense	4,106	2,975
Provision for doubtful accounts	437	184
Loss on sale or disposition of property and equipment	209	53
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	-12,058	2,956
Prepaid expenses and other assets	4,744	1,165
Income taxes prepaid and payable	1,517	7,986
Accounts payable	-333	-1,765
Accrued expenses	-25,283	-26,343
Deferred maintenance and other revenue	9,121	2,333
Net cash provided by operating activities	31,167	38,554
Cash flow from investing activities:
Additions to property and equipment	-2,249	-2,758
Additions to capitalized software	-928	-856
Net changes in restricted cash		983
Net cash used in investing activities	-3,177	-2,631
Cash flow from financing activities:
Repayments of debt	-44,000	-45,000
Income tax benefit related to exercise of stock options	2,839	2,453
Proceeds from exercise of stock options	4,661	3,993
Purchase of common stock for treasury		-3,492
Dividends paid on common stock	-10,539
Payment of fees related to refinancing activities		-512
Net cash used in financing activities	-47,039	-42,558
Effect of exchange rate changes on cash	-2,198	536
Net decrease in cash	-21,247	-6,099
Cash, beginning of period	109,577	84,470
Cash, end of period	$88,330	$78,371

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation	1. Basis of Presentation
	The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). These accounting principles were applied on a basis consistent with those of the audited consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, filed with the Securities and Exchange Commission (the “SEC”) on February 26, 2015 (the “2014 Form 10-K”). In the opinion of the Company, the accompanying unaudited condensed consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments, except as noted elsewhere in the notes to the condensed consolidated financial statements) necessary for a fair statement of its financial position as of March 31, 2015, the results of its operations for the three months ended March 31, 2015 and 2014 and its cash flows for the three months ended March 31, 2015 and 2014. These statements do not include all of the information and footnotes required by GAAP for annual financial statements. The financial statements contained herein should be read in conjunction with the audited consolidated financial statements and footnotes as of and for the year ended December 31, 2014, which were included in the 2014 Form 10-K. The December 31, 2014 consolidated balance sheet data were derived from audited financial statements but do not include all disclosures required by GAAP for annual financial statements. The results of operations for the three months ended March 31, 2015 are not necessarily indicative of the expected results for any subsequent quarters or the full year.
	Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. This ASU more closely aligns the treatment of debt issuance costs with debt discounts and premiums and requires debt issuance costs be presented as a direct deduction from the carrying amount of the related debt. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company is currently evaluating the potential impact of this ASU on its financial position, results of operations or cash flows.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on the Company’s financial position, results of operations or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. In April 2015, the FASB voted to defer the effective date of the new revenue recognition standard by one year. As a result, the provisions of this ASU are now effective for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.

Equity_and_Stockbased_Compensa

Equity and Stock-based Compensation	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Equity and Stock-based Compensation	2. Equity and Stock-based Compensation
	In March 2015, the Company’s stockholders approved an increase in the number of authorized shares of the Company’s common stock from 100,000,000 shares to 200,000,000 shares.
	For stock options and restricted stock, the total amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income was as follows (in thousands):
		Three Months Ended
		March 31,
	Statements of Comprehensive Income Classification	2015			2014
	Cost of software-enabled services	$	1,605		$	1,084
	Cost of maintenance		102			91
	Cost of professional services		165			117
	Total cost of revenues		1,872			1,292
	Selling and marketing		743			637
	Research and development		450			310
	General and administrative		1,041			736
	Total operating expenses		2,234			1,683
	Total stock-based compensation expense	$	4,106		$	2,975
	A summary of stock option activity as of and for the three months ended March 31, 2015 is as follows:
		Shares of Common
		Stock Underlying
		Options
	Outstanding at January 1, 2015		11,720,648
	Granted		15,450
	Cancelled/forfeited		(46,367	)
	Exercised		(244,009	)
	Outstanding at March 31, 2015		11,445,722
	The Company recorded $2.8 million and $2.5 million of income tax benefits related to the exercise of stock options during the three months ended March 31, 2015 and 2014, respectively. These amounts were recorded entirely to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets.

Earnings_per_Share

Earnings per Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings per Share	3. Earnings per Share
	Earnings per share (“EPS”) is calculated in accordance with the relevant accounting standards. Basic EPS includes no dilution and is computed by dividing income available to the Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of stock options and restricted stock using the treasury stock method. Common equivalent shares are excluded from the computation of diluted earnings per share if the effect of including such common equivalent shares is anti-dilutive because their exercise prices together with other assumed proceeds exceed the average fair value of common stock for the period. The Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of EPS as described above is identical to the calculation under the two-class method.
	The following table sets forth the weighted average common shares used in the computation of basic and diluted earnings per share (in thousands):
		Three Months Ended
		March 31,
		2015		2014
	Weighted average common shares outstanding		84,263		82,722
	Weighted average common stock equivalents – options and restricted shares		4,193		4,179
	Weighted average common and common equivalent shares outstanding		88,456		86,901
	Options to purchase 2,057,628 and 1,881,520 shares were outstanding at March 31, 2015 and 2014, respectively, but were not included in the computation of diluted earnings per share because the effect of including the options would be anti-dilutive.
	In the first quarter of 2015, the Company’s Board of Directors declared and subsequently paid a quarterly cash dividend of $0.125 per share of common stock on March 16, 2015 to stockholders of record as of the close of business on March 2, 2015.

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt	4. Debt
	At March 31, 2015 and December 31, 2014, debt consisted of the following (in thousands):
		March 31,			December 31,
		2015			2014
	Credit facility, weighted-average interest rate of 2.94% and 2.93%, respectively	$	601,000		$	645,000
	Unamortized original issue discount		(5,747	)		(6,095	)
			595,253			638,905
	Short-term borrowings and current portion of long-term debt		(19,061	)		(20,470	)
	Long-term debt	$	576,192		$	618,435
	Capitalized financing costs of $1.1 million and $1.2 million were amortized to interest expense in the three months ended March 31, 2015 and 2014, respectively. Additionally, the Company amortized to interest expense $0.3 million of the original issue discount in the three months ended March 31, 2015 and 2014. The unamortized balance of capitalized financing costs is included in intangible and other assets in the Company’s Condensed Consolidated Balance Sheet.
	The estimated fair value of the Company’s credit facility, which is a Level 2 liability, was $599.9 million and $641.1 million at March 31, 2015 and December 31, 2014, respectively. These fair values were computed based on comparable quoted market prices.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	5. Commitments and Contingencies
	Millennium Actions
	Several actions (the “Millennium Actions”) have been filed in various jurisdictions against the Company’s subsidiary, GlobeOp Financial Services S.A. (“GlobeOp”), alleging claims and damages with respect to a valuation agent services agreement performed by GlobeOp for the Millennium Global Emerging Credit Fund, L.P. and Millennium Global Emerging Credit Fund Ltd. (the “Millennium Funds”). These actions include (i) a putative class action in the U.S. District Court for the Southern District of New York (the “U.S. Class Action”) on behalf of a putative class of investors in the Millennium Funds filed in May 2012 asserting claims of $844 million (the alleged aggregate value of assets under management by the Millennium Funds at the funds’ peak valuation); (ii) an arbitration proceeding in the United Kingdom (the “UK Arbitration”) on behalf of Millennium Global Investments Ltd. and Millennium Asset Management Ltd., the Millennium Funds’ investment manager and administrative manager, respectively (together, the “Millennium Managers”), which commenced with a request for arbitration in July 2011, seeking an indemnity of $26.5 million for sums paid by way of settlement to the Millennium Funds in a separate arbitration to which GlobeOp was not a party, as well as an indemnity for any losses that may be incurred by the Millennium Managers in the U.S. Class Action; and (iii) a claim in the same UK Arbitration proceeding by the liquidators on behalf of the Millennium Global Emerging Credit Master Fund Ltd. (the “Master Fund”) against GlobeOp for damages alleged to be in excess of $160 million. These actions allege that GlobeOp breached its contractual obligations and/or negligently breached a duty of care in the performance of services for the Millennium Fund and that, inter alia, GlobeOp should have discovered and reported a fraudulent scheme perpetrated by the portfolio manager employed by the investment manager. The U.S. Class Action also asserts claims against SS&C identical to the claims against GlobeOp in that action. In the UK Arbitration, GlobeOp has asserted counterclaims against both the Millennium Managers and the Master Fund for indemnity, including in respect of the U.S. Class Action.
	GlobeOp has secured insurance coverage that provides reimbursement of various litigation costs up to pre-determined limits. Since 2012, GlobeOp has been reimbursed for litigation costs under the applicable insurance policy.
	In January 2014, GlobeOp, SS&C, the Millennium Managers and the plaintiff in the U.S. Class Action entered into a settlement agreement resolving all disputes and claims between and among the parties (including a separate mutual release between and among GlobeOp and SS&C, on the one hand, and the Millennium Managers on the other that covers claims asserted in the UK Arbitration). The settlement agreement was approved by the United States District Court for the Southern District of New York on July 7, 2014 and consummated in August 2014. Accordingly, the U.S. Class Action matter has been dismissed with prejudice and is now concluded. GlobeOp’s insurers funded the entirety of the settlement amount contemplated to be contributed by GlobeOp. The resolution of the U.S. Class Action does not affect the claims, counterclaims and/or defenses as between GlobeOp and the Master Fund that have been asserted in the UK Arbitration.
	Hearings in the UK Arbitration were conducted in London in July and August 2013, September 2014 and December 2014, and the matter is currently pending before the arbitrator for decision. The Company cannot predict the outcome of the UK Arbitration. The Company believes that it has strong defenses and has vigorously contested the UK Arbitration (as described above, the U.S. Class Action has been concluded). The amount of any potential loss, if any at all, cannot be reasonably estimated at this time.
	In addition to the foregoing legal proceedings, from time to time, the Company is subject to other legal proceedings and claims. In the opinion of the Company’s management, the Company is not involved in any other such litigation or proceedings with third parties that management believes would have a material adverse effect on the Company or its business.

Goodwill

Goodwill	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	6. Goodwill
	The change in carrying value of goodwill as of and for the three months ended March 31, 2015 is as follows (in thousands):
	Balance at December 31, 2014	$	1,573,227
	Adjustments to previous acquisitions		137
	Effect of foreign currency translation		(31,596	)
	Balance at March 31, 2015	$	1,541,768

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	7. Income Taxes
	The effective tax rate was 27% and 33% for the three months ended March 31, 2015 and 2014, respectively. The change for the three months ended March 31, 2015 was primarily due to the absence of the unfavorable impact of tax law changes enacted in New York that was recorded during the first quarter of 2014.

Acquisitions

Acquisitions	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Acquisitions	8. Acquisitions
	The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of DST Global Solutions (“DSTGS”) occurred on January 1, 2013. There were no acquisitions during the three months ended March 31, 2015. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had actually occurred on that date, nor of the results that may be obtained in the future. The net assets and results of operations for this acquisition are included in the Company’s condensed consolidated financial statements as of and for the three months ended March 31, 2015.
		Three Months
		Ended
		March 31, 2014
	Revenues	$	200,961
	Net income	$	23,866
	Basic earnings per share	$	0.29
	Basic weighted average number of common shares outstanding		82,722
	Diluted earnings per share	$	0.27
	Diluted weighted average number of common and common equivalent shares outstanding		86,901

Basis_of_Presentation_Policies

Basis of Presentation (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2015-03, “Simplifying the Presentation of Debt Issuance Costs”. This ASU more closely aligns the treatment of debt issuance costs with debt discounts and premiums and requires debt issuance costs be presented as a direct deduction from the carrying amount of the related debt. The amendments in this ASU are effective for financial statements issued for fiscal years beginning after December 15, 2015 and interim periods within those fiscal years. The Company is currently evaluating the potential impact of this ASU on its financial position, results of operations or cash flows.
	In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern (“ASU 2014-15”). This ASU establishes specific guidance to an organization’s management on their responsibility to evaluate whether there is substantial doubt about the organization’s ability to continue as a going concern. The provisions of ASU 2014-15 are effective for interim and annual periods beginning after December 15, 2016. This ASU is not expected to have an impact on the Company’s financial position, results of operations or cash flows.
	In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) (“ASU 2014-09”). The objective of ASU 2014-09 is to clarify the principles for recognizing revenue by removing inconsistencies and weaknesses in revenue requirements; providing a more robust framework for addressing revenue issues; improving comparability of revenue recognition practices across entities, industries, jurisdictions and capital markets; and providing more useful information to users of financial statements through improved revenue disclosure requirements. In April 2015, the FASB voted to defer the effective date of the new revenue recognition standard by one year. As a result, the provisions of this ASU are now effective for interim and annual periods beginning after December 15, 2017. The Company is currently evaluating the impact of this standard on its financial position, results of operations and cash flows.
Earnings per Share	Earnings per share (“EPS”) is calculated in accordance with the relevant accounting standards. Basic EPS includes no dilution and is computed by dividing income available to the Company’s common stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income by the weighted average number of common and common equivalent shares outstanding during the period. Common equivalent shares consist of stock options and restricted stock using the treasury stock method. Common equivalent shares are excluded from the computation of diluted earnings per share if the effect of including such common equivalent shares is anti-dilutive because their exercise prices together with other assumed proceeds exceed the average fair value of common stock for the period. The Company has two classes of common stock, each with identical participation rights to earnings and liquidation preferences, and therefore the calculation of EPS as described above is identical to the calculation under the two-class method.

Equity_and_Stockbased_Compensa1

Equity and Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock-Based Compensation Expense Recognized	For stock options and restricted stock, the total amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income was as follows (in thousands):
		Three Months Ended
		March 31,
	Statements of Comprehensive Income Classification	2015			2014
	Cost of software-enabled services	$	1,605		$	1,084
	Cost of maintenance		102			91
	Cost of professional services		165			117
	Total cost of revenues		1,872			1,292
	Selling and marketing		743			637
	Research and development		450			310
	General and administrative		1,041			736
	Total operating expenses		2,234			1,683
	Total stock-based compensation expense	$	4,106		$	2,975
Summary of Stock Option Activity	A summary of stock option activity as of and for the three months ended March 31, 2015 is as follows:
		Shares of Common
		Stock Underlying
		Options
	Outstanding at January 1, 2015		11,720,648
	Granted		15,450
	Cancelled/forfeited		(46,367	)
	Exercised		(244,009	)
	Outstanding at March 31, 2015		11,445,722

Earnings_per_Share_Tables

Earnings per Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Computation of Basic and Diluted Earnings per Share	The following table sets forth the weighted average common shares used in the computation of basic and diluted earnings per share (in thousands):
		Three Months Ended
		March 31,
		2015		2014
	Weighted average common shares outstanding		84,263		82,722
	Weighted average common stock equivalents – options and restricted shares		4,193		4,179
	Weighted average common and common equivalent shares outstanding		88,456		86,901

Debt_Tables

Debt (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Component of Debt	At March 31, 2015 and December 31, 2014, debt consisted of the following (in thousands):
		March 31,			December 31,
		2015			2014
	Credit facility, weighted-average interest rate of 2.94% and 2.93%, respectively	$	601,000		$	645,000
	Unamortized original issue discount		(5,747	)		(6,095	)
			595,253			638,905
	Short-term borrowings and current portion of long-term debt		(19,061	)		(20,470	)
	Long-term debt	$	576,192		$	618,435

Goodwill_Tables

Goodwill (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Change in Carrying Value of Goodwill	The change in carrying value of goodwill as of and for the three months ended March 31, 2015 is as follows (in thousands):
	Balance at December 31, 2014	$	1,573,227
	Adjustments to previous acquisitions		137
	Effect of foreign currency translation		(31,596	)
	Balance at March 31, 2015	$	1,541,768

Acquisitions_Tables

Acquisitions (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Summary of Unaudited Pro Forma Information	The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of DST Global Solutions (“DSTGS”) occurred on January 1, 2013. There were no acquisitions during the three months ended March 31, 2015. This unaudited pro forma information (in thousands, except per share data) should not be relied upon as being indicative of the historical results that would have been obtained if the acquisition had actually occurred on that date, nor of the results that may be obtained in the future. The net assets and results of operations for this acquisition are included in the Company’s condensed consolidated financial statements as of and for the three months ended March 31, 2015.
		Three Months
		Ended
		March 31, 2014
	Revenues	$	200,961
	Net income	$	23,866
	Basic earnings per share	$	0.29
	Basic weighted average number of common shares outstanding		82,722
	Diluted earnings per share	$	0.27
	Diluted weighted average number of common and common equivalent shares outstanding		86,901

Equity_and_Stockbased_Compensa2

Equity and Stock-based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Common stock, shares authorized	200,000,000		100,000,000
Income tax benefits related to the exercise of stock options	$2.80	$2.50

Equity_and_Stockbased_Compensa3

Equity and Stock-based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$4,106	$2,975
Cost of Software-Enabled Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,605	1,084
Cost of Maintenance [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	102	91
Cost of Professional Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	165	117
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,872	1,292
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	743	637
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	450	310
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	1,041	736
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$2,234	$1,683

Equity_and_Stockbased_Compensa4

Equity and Stock-based Compensation - Summary of Stock Option Activity (Detail)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding at January 1, 2015	11,720,648
Granted	15,450
Cancelled/forfeited	-46,367
Exercised	-244,009
Outstanding at March 31, 2015	11,445,722

Earnings_per_Share_Computation

Earnings per Share - Computation of Basic and Diluted Earnings per Share (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Weighted Average Number of Shares Outstanding Reconciliation [Abstract]
Weighted average common shares outstanding	84,263	82,722
Weighted average common stock equivalents - options and restricted shares	4,193	4,179
Weighted average common and common equivalent shares outstanding	88,456	86,901

Earnings_per_Share_Additional_

Earnings per Share - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended
	Mar. 16, 2015	Mar. 31, 2015	Mar. 31, 2014
Earnings Per Share [Line Items]
Quarterly cash dividend declared		$0.13
Quarterly cash dividend paid	$0.13
Dividend paid date		16-Mar-15
Dividend record date		2-Mar-15
Stock Options [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding		2,057,628	1,881,520

Debt_Component_of_Debt_Detail

Debt - Component of Debt (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Debt Disclosure [Abstract]
Debt from credit facility	$601,000	$645,000
Unamortized original issue discount	-5,747	-6,095
Debt	595,253	638,905
Debt	595,253	638,905
Short-term borrowings and current portion of long-term debt	-19,061	-20,470
Long-term debt	$576,192	$618,435

Debt_Component_of_Debt_Parenth

Debt - Component of Debt (Parenthetical) (Detail)	Mar. 31, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Weighted-average interest rate of credit facility	2.94%	2.93%

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Debt Disclosure [Abstract]
Capitalized financing costs amortized to interest expense	$1.10	$1.20
Company amortized to interest expense	0.3	0.3
Estimated fair value of credit facility	$599.90		$641.10

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Funds asserting claims	$844
Millennium actions indemnity amount claimed by investment managers	26.5
Millennium actions UK Arbitration proceeding claim amount	$160

Goodwill_Summary_of_Change_in_

Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Balance at December 31, 2014	$1,573,227
Adjustments to previous acquisitions	137
Effect of foreign currency translation	-31,596
Balance at March 31, 2015	$1,541,768

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Effective tax rate	27.00%	33.00%

Acquisitions_Summary_of_Unaudi

Acquisitions - Summary of Unaudited Pro Forma Information (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015
Business Combinations [Abstract]
Revenues	$200,961
Net income	$23,866
Basic earnings per share	$0.29
Basic weighted average number of common shares outstanding	82,722
Diluted earnings per share	$0.27
Diluted weighted average number of common and common equivalent shares outstanding	86,901