SS&C Technologies (SSNC) 10-Q 5 Aug 16 2016 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2016	Aug. 03, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Trading Symbol	SSNC
Entity Registrant Name	SS&C Technologies Holdings Inc
Entity Central Index Key	1,402,436
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		201,137,804

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 95,222	$ 434,159
Accounts receivable, net of allowance for doubtful accounts of $3,957 and $2,957, respectively	239,428	169,951
Prepaid expenses and other current assets	32,598	27,511
Prepaid income taxes	39,319	40,627
Restricted cash	2,818	2,818
Total current assets	409,385	675,066
Property, plant and equipment:
Land	2,655	2,655
Building and improvements	37,042	37,855
Equipment, furniture, and fixtures	112,436	97,274
Total property and equipment	152,133	137,784
Less: accumulated depreciation	(82,576)	(70,641)
Net property, plant and equipment	69,557	67,143
Deferred income taxes	2,018	2,199
Goodwill (Note 3)	3,636,495	3,549,212
Intangible and other assets, net of accumulated amortization of $634,518 and $536,929, respectively	1,571,384	1,508,622
Total assets	5,688,839	5,802,242
Current liabilities:
Current portion of long-term debt (Note 2)	30,878	32,281
Accounts payable	20,033	11,957
Income taxes payable		1,428
Accrued employee compensation and benefits	55,836	83,894
Interest payable	22,386	28,903
Other accrued expenses	45,964	36,231
Deferred revenue	238,785	222,024
Total current liabilities	413,882	416,718
Long-term debt, net of current portion (Note 2)	2,569,971	2,719,070
Other long-term liabilities	61,915	51,434
Deferred income taxes	478,641	509,574
Total liabilities	3,524,409	3,696,796
Commitments and contingencies (Note 8)
Common stock:
Common stock	2,018	1,932
Additional paid-in capital	1,859,124	1,793,149
Accumulated other comprehensive loss	(100,642)	(83,170)
Retained earnings	421,926	411,493
Stockholders' equity before treasury stock	2,182,426	2,123,431
Less: cost of common stock in treasury, 1,573,200 and 1,572,878 shares, respectively	(17,996)	(17,985)
Total stockholders’ equity	2,164,430	2,105,446
Total liabilities and stockholders’ equity	$ 5,688,839	5,802,242
Class A Non-Voting Common Stock [Member]
Common stock:
Common stock		$ 27

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts receivable	$ 3,957	$ 2,957
Accumulated amortization of finite-lived intangible assets	$ 634,518	$ 536,929
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	201,849,586	193,104,452
Common stock, shares outstanding	200,276,386	191,531,574
Common stock, shares unvested	17,876	24,876
Treasury stock, shares	1,573,200	1,572,878
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	0	2,703,846
Common stock, shares outstanding	0	2,703,846

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues:
Software-enabled services	$ 244,672	$ 150,123	$ 450,319	$ 303,690
Maintenance and term licenses	103,392	38,978	198,512	78,952
Total recurring revenues	348,064	189,101	648,831	382,642
Perpetual licenses	5,039	12,948	10,254	16,018
Professional services	19,974	10,719	38,123	19,843
Total non-recurring revenues	25,013	23,667	48,377	35,861
Total revenues	373,077	212,768	697,208	418,503
Cost of revenues:
Software-enabled services	146,243	88,548	259,971	177,150
Maintenance and term licenses	46,460	12,338	93,406	26,505
Total recurring cost of revenues	192,703	100,886	353,377	203,655
Perpetual licenses	643	1,021	1,141	2,045
Professional services	17,133	7,596	32,645	16,110
Total non-recurring cost of revenues	17,776	8,617	33,786	18,155
Total cost of revenues	210,479	109,503	387,163	221,810
Gross profit	162,598	103,265	310,045	196,693
Operating expenses:
Selling and marketing	28,535	13,931	58,396	27,318
Research and development	40,827	17,520	77,274	37,128
General and administrative	27,199	13,463	57,894	30,763
Total operating expenses	96,561	44,914	193,564	95,209
Operating income	66,037	58,351	116,481	101,484
Interest expense, net	(32,846)	(5,419)	(65,935)	(11,019)
Other income (expense), net	12	(164)	(1,835)	(1,671)
Income before income taxes	33,203	52,768	48,711	88,794
Provision for income taxes	4,982	13,640	13,485	23,420
Net income	$ 28,221	$ 39,128	$ 35,226	$ 65,374
Basic earnings per share	$ 0.14	$ 0.23	$ 0.18	$ 0.39
Basic weighted average number of common shares outstanding	198,765	170,810	198,143	169,674
Diluted earnings per share	$ 0.14	$ 0.22	$ 0.17	$ 0.37
Diluted weighted average number of common and common equivalent shares outstanding	204,916	179,104	204,596	177,974
Net income	$ 28,221	$ 39,128	$ 35,226	$ 65,374
Other comprehensive (loss) income, net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Total comprehensive (loss) income, net of tax	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	$ 1,428	$ 61,936	$ 17,754	$ 51,963

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flow from operating activities:
Net income	$ 35,226	$ 65,374
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	113,440	52,103
Stock-based compensation expense	27,913	8,314
Income tax benefit related to exercise of stock options	(23,760)	(5,065)
Amortization and write-offs of loan origination costs	5,312	2,874
Loss on sale or disposition of property and equipment	150	209
Deferred income taxes	(24,056)	(7,395)
Provision for doubtful accounts	1,257	299
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	(13,458)	(1,804)
Prepaid expenses and other assets	(1,516)	2,488
Accounts payable	7,870	(2,405)
Accrued expenses	(25,851)	(20,186)
Income taxes prepaid and payable	23,757	11,064
Deferred revenue	13,052	(5,148)
Net cash provided by operating activities	139,336	100,722
Cash flow from investing activities:
Additions to property and equipment	(13,593)	(5,750)
Proceeds from sale of property and equipment	43
Cash paid for business acquisitions, net of cash acquired	(317,554)	(7,863)
Additions to capitalized software	(3,306)	(1,792)
Purchase of long-term investment	(1,000)
Net cash used in investing activities	(335,410)	(15,405)
Cash flow from financing activities:
Repayments of debt	(155,325)	(174,000)
Proceeds from exercise of stock options	19,212	8,735
Withholding taxes related to equity award net share settlement	(4,615)
Income tax benefit related to exercise of stock options	23,760	5,065
Proceeds from common stock issuance, net		717,866
Purchase of common stock for treasury	(11)
Payment of fees related to refinancing activities	(222)
Dividends paid on common stock	(24,790)	(21,101)
Net cash (used in) provided by financing activities	(141,991)	536,565
Effect of exchange rate changes on cash and cash equivalents	(872)	(1,651)
Net (decrease) increase in cash and cash equivalents	(338,937)	620,231
Cash and cash equivalents, beginning of period	434,159	109,577
Cash and cash equivalents, end of period	$ 95,222	$ 729,808

Basis of Presentation

Basis of Presentation	6 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note 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, 2015, filed with the Securities and Exchange Commission (the “SEC”) on February 29, 2016 (the “2015 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 June 30, 2016, the results of its operations for the three and six months ended June 30, 2016 and 2015 and its cash flows for the six months ended June 30, 2016 and 2015. 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, 2015, which were included in the 2015 Form 10-K. The December 31, 2015 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 and six months ended June 30, 2016 are not necessarily indicative of the expected results for any subsequent quarters or the full year. Reclassifications In connection with the acquisition of Advent and the related increase in term license revenues, the Company condensed its presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income to illustrate its two types of revenue streams: recurring revenues and non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. Non-recurring revenues consist of professional services and perpetual licenses. The Company’s prior presentation required that revenues from term license agreements be allocated between license revenue and maintenance revenue, with the license portion being reported together with revenue from perpetual license agreements as “Software licenses”, and the maintenance portion being reported together with maintenance revenue related to perpetual licenses as “Maintenance”. The Company reclassified $3.1 million and $7.4 million from “Software licenses” to “Maintenance and term licenses” for the three and six months ended June 30, 2015, respectively. In connection with the reclassification of revenues, the Company reclassified the related costs of revenues, which were immaterial. The revised presentation better illustrates the nature of the Company’s revenues and costs of revenues by indicating the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition. Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation : Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers

Debt

Debt	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Debt	Note 2—Debt At June 30, 2016 and December 31, 2015, debt consisted of the following (in thousands): June 30, 2016 December 31, 2015 Senior secured credit facilities, weighted-average interest rate of 3.91% and 3.94%, respectively $ 2,064,675 $ 2,220,000 5.875% senior notes due 2023 600,000 600,000 Unamortized original issue discount and debt issuance costs (63,826 ) (68,649 ) 2,600,849 2,751,351 Less current portion of long-term debt 30,878 32,281 Long-term debt $ 2,569,971 $ 2,719,070 Fair value of debt. The carrying amounts and fair values of financial instruments are as follows (in thousands): June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 2,064,675 $ 2,059,770 $ 2,220,000 $ 2,202,105 5.875% senior notes due 2023 600,000 613,500 600,000 616,500 The above fair values, which are Level 2 liabilities, were computed based on comparable quoted market prices. The fair values of cash, accounts receivable, net, short-term borrowings, and accounts payable approximate the carrying amounts due to the short-term maturities of these instruments.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 3—Goodwill The change in carrying value of goodwill as of and for the six months ended June 30, 2016 is as follows (in thousands): Balance at December 31, 2015 $ 3,549,212 2016 acquisitions 99,494 Adjustments to prior acquisitions (398 ) Effect of foreign currency translation (11,813 ) Balance at June 30, 2016 $ 3,636,495

Earnings per Share

Earnings per Share	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Earnings per Share	Note 4—Earnings per Share Earnings per share (“EPS”) is calculated in accordance with the relevant standards. Basic EPS includes no dilution and is computed by dividing net 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, stock appreciation rights (“SARs”), restricted stock units (“RSUs”) and restricted stock awards (“RSAs”) 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 total 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 EPS (in thousands): For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Weighted average common shares outstanding — used in calculation of basic EPS 198,765 170,810 198,143 169,674 Weighted average common stock equivalents — options and restricted shares 6,151 8,294 6,453 8,300 Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 204,916 179,104 204,596 177,974 Weighted average stock options, SARs, RSUs and RSAs representing 7,304,581 and 4,122,738 shares were outstanding for the three months ended June 30, 2016 and 2015, respectively, and weighted average stock options, SARs, RSUs and RSAs representing 7,075,350 and 4,119,018 for the six months ended June 30, 2016 and 2015, respectively, but were not included in the computation of diluted EPS because the effect of including them would be anti-dilutive. Conversion of Class A Common Stock . On March 30, 2016, William C. Stone converted 2,703,846 shares of Class A non-voting stock into 2,703,846 shares of common stock. Each share of Class A non-voting common stock converted automatically into one share of the Company’s common stock upon the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Dividends . In 2016, the Company paid a quarterly cash dividend of $0.0625 per share of common stock on March 15, 2016 and June 15, 2016 to stockholders of record as of the close of business on March 7, 2016 and June 1, 2016, respectively, totaling $24.8 million.

Equity and Stock-based Compensa

Equity and Stock-based Compensation	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Equity and Stock-based Compensation	Note 5—Equity and Stock-based Compensation On May 25, 2016, the Company’s Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend. The record date for the stock split was June 7, 2016 and the payment date was June 24, 2016. All share and per share amounts (other than for the Company’s Class A non-voting common stock) have been retroactively restated for all periods presented to reflect the stock split. At the Company’s annual meeting of shareholders held on May 25, 2016, the Company’s shareholders approved the Company’s Amended and Restated 2014 Stock Incentive Plan (the “Amended 2014 Plan”). The primary changes to the Amended 2014 Plan are to (i) increase the shares available for equity awards by 24 million shares and (ii) add flexibility to use this plan as the Company’s only equity plan by authorizing the issuance of full-value awards (that is, restricted stock and restricted stock units) and expanding the class of participants to include non-employee directors. Following the approval of the 2014 Amended Plan, the Company will no longer make grants under the Company’s 2008 Stock Incentive Plan or the Company’s 2006 Equity Incentive Plan. Total stock options, SARs, RSUs and RSAs . The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands): Three Months Ended June 30, For the Six Months Ended June 30, Statement of Comprehensive Income Classification 2016 2015 2016 2015 Cost of software-enabled services $ 2,779 $ 1,525 $ 5,184 $ 3,129 Cost of maintenance and term licenses 700 101 1,511 202 Cost of recurring revenues 3,479 1,626 6,695 3,331 Cost of professional services 599 159 1,243 325 Cost of non-recurring revenues 599 159 1,243 325 Total cost of revenues 4,078 1,785 7,938 3,656 Selling and marketing 2,860 745 6,445 1,488 Research and development 2,182 444 4,398 894 General and administrative 3,446 1,234 9,132 2,276 Total operating expenses 8,488 2,423 19,975 4,658 Total stock-based compensation expense $ 12,566 $ 4,208 $ 27,913 $ 8,314 The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016: Shares Outstanding at December 31, 2015 30,278,364 Granted 1,440,300 Cancelled/forfeited (912,816 ) Exercised (3,171,668 ) Outstanding at June 30, 2016 27,634,180 The following table summarizes RSU activity as of and for the six months ended June 30, 2016: Shares Outstanding at December 31, 2015 957,452 Granted - Cancelled/forfeited (55,498 ) Vested (419,702 ) Outstanding at June 30, 2016 482,252 The Company recorded $23.8 million and $5.1 million of income tax benefits related to the exercise of stock options during the six months ended June 30, 2016 and 2015, respectively. These amounts were recorded entirely to Additional paid-in capital on the Company’s Condensed Consolidated Balance Sheets.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 6—Income Taxes The effective tax rate was 15% and 26% for the three months ended June 30, 2016 and 2015, respectively, and the effective tax rate was 28% and 26% for the six months ended June 30, 2016 and 2015, respectively. The change in rate for the three months ended June 30, 2016 was primarily due to a decrease in pre-tax income from domestic operations taxed at a high statutory rate. The change was primarily due to the unfavorable impact of a change in state apportionment on the Company’s domestic deferred tax liabilities as a result of the acquisition of Citigroup AIS during the first quarter, partially offset by the benefit received from a decrease in pre-tax income from domestic operations taxed at a high statutory rate.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Acquisitions	Note 7—Acquisitions Citigroup’s Alternative Investor Services On March 11, 2016, the Company purchased the assets of Citigroup’s Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services (“Citigroup AIS”), for approximately $321.0 million, plus the costs of effecting the transaction and the assumption of certain liabilities. Citigroup AIS is a leading provider of hedge fund and private equity fund administration services. The net assets and results of operations of Citigroup AIS have been included in the Company’s condensed consolidated financial statements from March 11, 2016. The fair value of the intangible assets, consisting of customer relationships and completed technology, was determined using the income approach. Specifically, the excess earnings method was utilized for the customer relationships, and the cost savings method was utilized for the completed technology. The customer relationships are amortized each year based on the ratio that the projected cash flows for the intangible assets bear to the total of current and expected future cash flows for the intangible assets. Completed technology is amortized based on a straight-line basis. The customer relationships are amortized over an estimated life of approximately thirteen years and completed technology is amortized over an estimated life of approximately four years, in each case the estimated lives of the assets. The remainder of the purchase price was allocated to goodwill and is tax deductible. The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands): Citigroup AIS Accounts receivable $ 57,789 Fixed assets 92 Other assets 1,856 Acquired client relationships and contracts 124,600 Completed technology 44,600 Goodwill 99,494 Deferred revenue (3,910 ) Other liabilities assumed (6,563 ) Consideration paid, net of cash acquired $ 317,958 The fair value of acquired accounts receivable balances for Citigroup AIS approximates the contractual amounts due from acquired customers, except for approximately $1.7 million of contractual amounts that are not expected to be collected as of the acquisition date and that were also reserved by Citigroup AIS. The Company reported revenues totaling $65.1 million from Citigroup AIS from its acquisition date through June 30, 2016. The following unaudited pro forma condensed consolidated results of operations are provided for illustrative purposes only and assume that the acquisition of Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. 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 acquisitions had actually occurred on that date, nor of the results that may be obtained in the future. For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Revenues $ 381,246 $ 392,392 $ 764,155 $ 777,016 Net income $ 34,756 $ 3,942 $ 53,995 $ 854 Basic earnings per share $ 0.17 $ 0.02 $ 0.27 $ 0.01 Basic weighted average number of common shares outstanding 198,765 170,810 198,143 169,674 Diluted earnings per share $ 0.17 $ 0.02 $ 0.26 $ 0.00 Diluted weighted average number of common and common equivalent shares outstanding 204,916 179,104 204,596 177,974

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8—Commitments and Contingencies Several actions (the "Millennium Actions") were filed in various jurisdictions against the Company's subsidiaries, GlobeOp Financial Services Ltd and GlobeOp Financial Services LLC ("GlobeOp"), alleging claims and damages with respect to a valuation agent services agreement performed by GlobeOp for the Millennium Global Emerging Credit Fund, Ltd. and Millennium Global Emerging Credit Master Fund Ltd. All claims related to the Millennium Actions have been settled or resolved in favor of GlobeOp and the litigation is concluded. 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.

Supplemental Guarantor Financia

Supplemental Guarantor Financial Statements	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Financial Statements	Note 9—Supplemental Guarantor Financial Statements On July 8, 2015, the Company issued $600.0 million aggregate principal amount of 5.875% Senior Notes due 2023 (the “Senior Notes”). The Senior Notes are jointly and severally and fully and unconditionally guaranteed, in each case subject to certain customary release provisions, by substantially all wholly-owned domestic subsidiaries of the Company that guarantee the Company’s Senior Secured Credit Facilities (collectively “Guarantors”). All of the Guarantors are 100% owned by the Company. All other subsidiaries of the Company, either direct or indirect, do not guarantee the Senior Notes (“Non-Guarantors”). The Guarantors also unconditionally guarantee the Senior Secured Credit Facilities. There are no significant restrictions on the ability of the Company or any of the subsidiaries that are Guarantors to obtain funds from its subsidiaries by dividend or loan. Condensed consolidating financial information as of June 30, 2016 and December 31, 2015 and for the three and six months ended June 30, 2016 and 2015 are presented. The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands): June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 24,753 $ 70,469 $ — $ 95,222 Accounts receivable, net — 176,884 62,544 — 239,428 Prepaid expenses and other current assets — 21,254 11,344 — 32,598 Prepaid income taxes — 41,256 — (1,937 ) 39,319 Restricted cash — 2,490 328 — 2,818 Net property, plant and equipment — 30,704 38,853 — 69,557 Investment in subsidiaries 2,798,897 764,004 — (3,562,901 ) — Intercompany receivables — 136,630 47,768 (184,398 ) — Deferred income taxes, long-term — — 2,018 — 2,018 Goodwill, intangible and other assets, net — 3,966,829 1,241,050 — 5,207,879 Total assets $ 2,798,897 $ 5,164,804 $ 1,474,374 $ (3,749,236 ) $ 5,688,839 Current portion of long-term debt — 16,166 14,712 — 30,878 Accounts payable — 13,028 7,005 — 20,033 Accrued expenses 16,157 71,968 36,061 — 124,186 Income taxes payable — — 1,937 (1,937 ) — Deferred revenue — 214,246 24,539 — 238,785 Long-term debt, net of current portion 600,000 1,535,644 434,327 — 2,569,971 Other long-term liabilities — 40,020 21,895 — 61,915 Intercompany payables 18,310 47,769 118,319 (184,398 ) — Deferred income taxes, long-term — 427,066 51,575 — 478,641 Total liabilities 634,467 2,365,907 710,370 (186,335 ) 3,524,409 Total stockholders’ equity 2,164,430 2,798,897 764,004 (3,562,901 ) 2,164,430 Total liabilities and stockholders’ equity $ 2,798,897 $ 5,164,804 $ 1,474,374 $ (3,749,236 ) $ 5,688,839 December 31, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 360,583 $ 73,576 $ — $ 434,159 Accounts receivable, net — 127,446 42,505 — 169,951 Prepaid expenses and other current assets — 15,920 11,591 — 27,511 Prepaid income taxes — 38,155 2,472 — 40,627 Restricted cash — 2,490 328 — 2,818 Net property, plant and equipment — 31,940 35,203 — 67,143 Investment in subsidiaries 2,722,452 654,278 — (3,376,730 ) — Intercompany receivables — 100,992 34,220 (135,212 ) — Deferred income taxes, long-term — — 2,199 — 2,199 Goodwill, intangible and other assets, net — 3,861,711 1,196,123 — 5,057,834 Total assets $ 2,722,452 $ 5,193,515 $ 1,398,217 $ (3,511,942 ) $ 5,802,242 Current portion of long-term debt — 17,243 15,038 — 32,281 Accounts payable — 7,367 4,590 — 11,957 Accrued expenses 17,006 84,174 47,848 — 149,028 Income taxes payable — — 1,428 — 1,428 Deferred revenue — 202,252 19,772 — 222,024 Long-term debt, net of current portion 600,000 1,646,396 472,674 — 2,719,070 Other long-term liabilities — 31,748 19,686 — 51,434 Intercompany payables — 34,220 100,992 (135,212 ) — Deferred income taxes, long-term — 447,663 61,911 — 509,574 Total liabilities 617,006 2,471,063 743,939 (135,212 ) 3,696,796 Total stockholders’ equity 2,105,446 2,722,452 654,278 (3,376,730 ) 2,105,446 Total liabilities and stockholders’ equity $ 2,722,452 $ 5,193,515 $ 1,398,217 $ (3,511,942 ) $ 5,802,242 For the Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 257,316 $ 116,184 $ (423 ) $ 373,077 Cost of revenues — 138,262 72,640 (423 ) 210,479 Gross profit — 119,054 43,544 — 162,598 Operating expenses: Selling and marketing — 21,118 7,417 — 28,535 Research and development — 28,853 11,974 — 40,827 General and administrative — 18,602 8,597 — 27,199 Total operating expenses — 68,573 27,988 — 96,561 Operating income — 50,481 15,556 — 66,037 Interest expense, net (8,813 ) (17,548 ) (6,485 ) — (32,846 ) Other (expense) income, net — (17,617 ) 17,629 — 12 Earnings from subsidiaries 37,034 23,523 — (60,557 ) — Income before income taxes 28,221 38,839 26,700 (60,557 ) 33,203 Provision for income taxes — 1,805 3,177 — 4,982 Net income $ 28,221 $ 37,034 $ 23,523 $ (60,557 ) $ 28,221 Other comprehensive income (loss), net of tax: Foreign currency exchange translation adjustment (26,793 ) (26,793 ) (27,221 ) 54,014 (26,793 ) Comprehensive income (loss) $ 1,428 $ 10,241 $ (3,698 ) $ (6,543 ) $ 1,428 For the Three Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 110,497 $ 102,655 $ (384 ) $ 212,768 Cost of revenues — 51,035 58,852 (384 ) 109,503 Gross profit — 59,462 43,803 — 103,265 Operating expenses: Selling and marketing — 8,708 5,223 — 13,931 Research and development — 9,433 8,087 — 17,520 General and administrative — 8,904 4,559 — 13,463 Total operating expenses — 27,045 17,869 — 44,914 Operating income — 32,417 25,934 — 58,351 Interest expense, net — (2,570 ) (2,849 ) — (5,419 ) Other income (expense), net — 1,431 (1,595 ) — (164 ) Earnings from subsidiaries 39,128 10,475 — (49,603 ) — Income before income taxes 39,128 41,753 21,490 (49,603 ) 52,768 Provision for income taxes — 2,625 11,015 — 13,640 Net income $ 39,128 $ 39,128 $ 10,475 $ (49,603 ) $ 39,128 Other comprehensive income, net of tax: Foreign currency exchange translation adjustment 22,808 22,808 21,614 (44,422 ) 22,808 Comprehensive income $ 61,936 $ 61,936 $ 32,089 $ (94,025 ) $ 61,936 For the Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 476,305 $ 221,768 $ (865 ) $ 697,208 Cost of revenues — 251,764 136,264 (865 ) 387,163 Gross profit — 224,541 85,504 — 310,045 Operating expenses: Selling and marketing — 43,865 14,531 — 58,396 Research and development — 54,218 23,056 — 77,274 General and administrative — 41,081 16,813 — 57,894 Total operating expenses — 139,164 54,400 — 193,564 Operating income — 85,377 31,104 — 116,481 Interest expense, net (17,461 ) (35,466 ) (13,008 ) — (65,935 ) Other (expense) income, net — (32,017 ) 30,182 — (1,835 ) Earnings from subsidiaries 52,687 41,360 — (94,047 ) — Income before income taxes 35,226 59,254 48,278 (94,047 ) 48,711 Provision for income taxes — 6,567 6,918 — 13,485 Net income $ 35,226 $ 52,687 $ 41,360 $ (94,047 ) $ 35,226 Other comprehensive income (loss), net of tax: Foreign currency exchange translation adjustment (17,472 ) (17,472 ) (22,449 ) 39,921 (17,472 ) Comprehensive income $ 17,754 $ 35,215 $ 18,911 $ (54,126 ) $ 17,754 For the Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 216,325 $ 202,979 $ (801 ) $ 418,503 Cost of revenues — 101,075 121,536 (801 ) 221,810 Gross profit — 115,250 81,443 — 196,693 Operating expenses: Selling and marketing — 17,068 10,250 — 27,318 Research and development — 18,730 18,398 — 37,128 General and administrative — 20,412 10,351 — 30,763 Total operating expenses — 56,210 38,999 — 95,209 Operating income — 59,040 42,444 — 101,484 Interest expense, net — (5,323 ) (5,696 ) — (11,019 ) Other income (expense), net — 1,103 (2,774 ) — (1,671 ) Earnings from subsidiaries 65,374 26,952 — (92,326 ) — Income before income taxes 65,374 81,772 33,974 (92,326 ) 88,794 Provision for income taxes — 16,398 7,022 — 23,420 Net income $ 65,374 $ 65,374 $ 26,952 $ (92,326 ) $ 65,374 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (13,411 ) (13,411 ) (7,601 ) 21,012 (13,411 ) Comprehensive income $ 51,963 $ 51,963 $ 19,351 $ (71,314 ) $ 51,963 For the Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 35,226 $ 52,687 $ 41,360 $ (94,047 ) $ 35,226 Non-cash adjustments — 70,450 29,806 — 100,256 Intercompany transactions 18,310 (11,902 ) (6,408 ) — — Earnings from subsidiaries (52,687 ) (41,360 ) — 94,047 — Changes in operating assets and liabilities (849 ) 14,399 (9,696 ) — 3,854 Net cash provided by operating activities — 84,274 55,062 — 139,336 Cash Flow from Investment Activities: Additions to property and equipment — (5,080 ) (8,513 ) — (13,593 ) Proceeds from sale of property and equipment — 95 (52 ) — 43 Cash paid for business acquisitions, net of cash acquired — (219,276 ) (98,278 ) — (317,554 ) Additions to capitalized software — (1,879 ) (1,427 ) — (3,306 ) Purchase of long-term investment — (1,000 ) — — (1,000 ) Net cash used in investing activities — (227,140 ) (108,270 ) — (335,410 ) Cash Flow from Financing Activities: Repayments of debt — (115,500 ) (39,825 ) — (155,325 ) Transactions involving Holding's common stock — 13,556 — — 13,556 Intercompany transactions — (90,798 ) 90,798 — — Payment of fees related to refinancing activities — (222 ) — — (222 ) Net cash (used in) provided by financing activities — (192,964 ) 50,973 — (141,991 ) Effect of exchange rate changes on cash and cash equivalents — — (872 ) — (872 ) Net decrease in cash and cash equivalents — (335,830 ) (3,107 ) — (338,937 ) Cash and cash equivalents, beginning of period — 360,583 73,576 — 434,159 Cash and cash equivalents, end of period $ — $ 24,753 $ 70,469 $ — $ 95,222 For the Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 65,374 $ 65,374 $ 26,952 $ (92,326 ) $ 65,374 Non-cash adjustments — 17,672 33,667 — 51,339 Intercompany transactions — 10,748 (10,748 ) — — Earnings from subsidiaries (65,374 ) (26,952 ) — 92,326 — Changes in operating assets and liabilities — (14,563 ) (1,428 ) — (15,991 ) Net cash provided by operating activities — 52,279 48,443 — 100,722 Cash Flow from Investment Activities: Additions to property and equipment — (2,532 ) (3,218 ) — (5,750 ) Cash paid for business acquisitions, net of cash acquired — — (7,863 ) — (7,863 ) Additions to capitalized software — (380 ) (1,412 ) — (1,792 ) Net cash used in investing activities — (2,912 ) (12,493 ) — (15,405 ) Cash Flow from Financing Activities: Repayments of debt — (137,019 ) (36,981 ) — (174,000 ) Transactions involving Holding's common stock — 710,565 — — 710,565 Net cash provided by (used in) financing activities — 573,546 (36,981 ) — 536,565 Effect of exchange rate changes on cash and cash equivalents — — (1,651 ) — (1,651 ) Net increase (decrease) in cash and cash equivalents — 622,913 (2,682 ) — 620,231 Cash and cash equivalents, beginning of period — 34,651 74,926 — 109,577 Cash and cash equivalents, end of period $ — $ 657,564 $ 72,244 $ — $ 729,808

Basis of Presentation (Policies

Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Reclassifications	Reclassifications In connection with the acquisition of Advent and the related increase in term license revenues, the Company condensed its presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income to illustrate its two types of revenue streams: recurring revenues and non-recurring revenues. Recurring revenues consist of software-enabled services and maintenance and term licenses. Non-recurring revenues consist of professional services and perpetual licenses. The Company’s prior presentation required that revenues from term license agreements be allocated between license revenue and maintenance revenue, with the license portion being reported together with revenue from perpetual license agreements as “Software licenses”, and the maintenance portion being reported together with maintenance revenue related to perpetual licenses as “Maintenance”. The Company reclassified $3.1 million and $7.4 million from “Software licenses” to “Maintenance and term licenses” for the three and six months ended June 30, 2015, respectively. In connection with the reclassification of revenues, the Company reclassified the related costs of revenues, which were immaterial. The revised presentation better illustrates the nature of the Company’s revenues and costs of revenues by indicating the recurring nature of the license portion of revenue from term license agreements. The Company has not changed its accounting methods for revenue recognition.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2016-09, Compensation – Stock Compensation : Improvements to Employee Share-Based Payment Accounting In February 2016, the FASB issued ASU 2016-02, Leases In August 2014, the FASB issued ASU No. 2014-15, Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2016
Debt Disclosure [Abstract]
Component of Debt	At June 30, 2016 and December 31, 2015, debt consisted of the following (in thousands): June 30, 2016 December 31, 2015 Senior secured credit facilities, weighted-average interest rate of 3.91% and 3.94%, respectively $ 2,064,675 $ 2,220,000 5.875% senior notes due 2023 600,000 600,000 Unamortized original issue discount and debt issuance costs (63,826 ) (68,649 ) 2,600,849 2,751,351 Less current portion of long-term debt 30,878 32,281 Long-term debt $ 2,569,971 $ 2,719,070
Schedule of Carrying Amounts and Fair Values of Financial Instruments	The carrying amounts and fair values of financial instruments are as follows (in thousands): June 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 2,064,675 $ 2,059,770 $ 2,220,000 $ 2,202,105 5.875% senior notes due 2023 600,000 613,500 600,000 616,500

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2016
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 six months ended June 30, 2016 is as follows (in thousands): Balance at December 31, 2015 $ 3,549,212 2016 acquisitions 99,494 Adjustments to prior acquisitions (398 ) Effect of foreign currency translation (11,813 ) Balance at June 30, 2016 $ 3,636,495

Earnings per Share (Tables)

Earnings per Share (Tables)	6 Months Ended
	Jun. 30, 2016
Earnings Per Share [Abstract]
Computation of Basic and Diluted EPS	The following table sets forth the weighted average common shares used in the computation of basic and diluted EPS (in thousands): For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Weighted average common shares outstanding — used in calculation of basic EPS 198,765 170,810 198,143 169,674 Weighted average common stock equivalents — options and restricted shares 6,151 8,294 6,453 8,300 Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 204,916 179,104 204,596 177,974

Equity and Stock-based Compen19

Equity and Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2016
Equity [Abstract]
Schedule of Stock-Based Compensation Expense Recognized	Total stock options, SARs, RSUs and RSAs . The amount of stock-based compensation expense recognized in the Company’s Condensed Consolidated Statements of Comprehensive Income for three and six months ended June 30, 2016 and 2015 was as follows (in thousands): Three Months Ended June 30, For the Six Months Ended June 30, Statement of Comprehensive Income Classification 2016 2015 2016 2015 Cost of software-enabled services $ 2,779 $ 1,525 $ 5,184 $ 3,129 Cost of maintenance and term licenses 700 101 1,511 202 Cost of recurring revenues 3,479 1,626 6,695 3,331 Cost of professional services 599 159 1,243 325 Cost of non-recurring revenues 599 159 1,243 325 Total cost of revenues 4,078 1,785 7,938 3,656 Selling and marketing 2,860 745 6,445 1,488 Research and development 2,182 444 4,398 894 General and administrative 3,446 1,234 9,132 2,276 Total operating expenses 8,488 2,423 19,975 4,658 Total stock-based compensation expense $ 12,566 $ 4,208 $ 27,913 $ 8,314
Summary of Stock Option Activity	The following table summarizes stock option and SAR activity as of and for the six months ended June 30, 2016: Shares Outstanding at December 31, 2015 30,278,364 Granted 1,440,300 Cancelled/forfeited (912,816 ) Exercised (3,171,668 ) Outstanding at June 30, 2016 27,634,180
Summary of RSU Activity	The following table summarizes RSU activity as of and for the six months ended June 30, 2016: Shares Outstanding at December 31, 2015 957,452 Granted - Cancelled/forfeited (55,498 ) Vested (419,702 ) Outstanding at June 30, 2016 482,252

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2016
Business Combinations [Abstract]
Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree	The following summarizes the preliminary allocation of the purchase price for the acquisition of Citigroup AIS (in thousands): Citigroup AIS Accounts receivable $ 57,789 Fixed assets 92 Other assets 1,856 Acquired client relationships and contracts 124,600 Completed technology 44,600 Goodwill 99,494 Deferred revenue (3,910 ) Other liabilities assumed (6,563 ) Consideration paid, net of cash acquired $ 317,958
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 Citigroup AIS occurred on January 1, 2015 and acquisitions of Primatics Financial, Varden Technologies and Advent Software, Inc. occurred on January 1, 2014. 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 acquisitions had actually occurred on that date, nor of the results that may be obtained in the future. For the Three Months Ended June 30, For the Six Months Ended June 30, 2016 2015 2016 2015 Revenues $ 381,246 $ 392,392 $ 764,155 $ 777,016 Net income $ 34,756 $ 3,942 $ 53,995 $ 854 Basic earnings per share $ 0.17 $ 0.02 $ 0.27 $ 0.01 Basic weighted average number of common shares outstanding 198,765 170,810 198,143 169,674 Diluted earnings per share $ 0.17 $ 0.02 $ 0.26 $ 0.00 Diluted weighted average number of common and common equivalent shares outstanding 204,916 179,104 204,596 177,974

Schedule Condensed Consolidatin

Schedule Condensed Consolidating Financial Information (Tables)	6 Months Ended
	Jun. 30, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Schedule Of Condensed Consolidating Financial Information	The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands): June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 24,753 $ 70,469 $ — $ 95,222 Accounts receivable, net — 176,884 62,544 — 239,428 Prepaid expenses and other current assets — 21,254 11,344 — 32,598 Prepaid income taxes — 41,256 — (1,937 ) 39,319 Restricted cash — 2,490 328 — 2,818 Net property, plant and equipment — 30,704 38,853 — 69,557 Investment in subsidiaries 2,798,897 764,004 — (3,562,901 ) — Intercompany receivables — 136,630 47,768 (184,398 ) — Deferred income taxes, long-term — — 2,018 — 2,018 Goodwill, intangible and other assets, net — 3,966,829 1,241,050 — 5,207,879 Total assets $ 2,798,897 $ 5,164,804 $ 1,474,374 $ (3,749,236 ) $ 5,688,839 Current portion of long-term debt — 16,166 14,712 — 30,878 Accounts payable — 13,028 7,005 — 20,033 Accrued expenses 16,157 71,968 36,061 — 124,186 Income taxes payable — — 1,937 (1,937 ) — Deferred revenue — 214,246 24,539 — 238,785 Long-term debt, net of current portion 600,000 1,535,644 434,327 — 2,569,971 Other long-term liabilities — 40,020 21,895 — 61,915 Intercompany payables 18,310 47,769 118,319 (184,398 ) — Deferred income taxes, long-term — 427,066 51,575 — 478,641 Total liabilities 634,467 2,365,907 710,370 (186,335 ) 3,524,409 Total stockholders’ equity 2,164,430 2,798,897 764,004 (3,562,901 ) 2,164,430 Total liabilities and stockholders’ equity $ 2,798,897 $ 5,164,804 $ 1,474,374 $ (3,749,236 ) $ 5,688,839 December 31, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 360,583 $ 73,576 $ — $ 434,159 Accounts receivable, net — 127,446 42,505 — 169,951 Prepaid expenses and other current assets — 15,920 11,591 — 27,511 Prepaid income taxes — 38,155 2,472 — 40,627 Restricted cash — 2,490 328 — 2,818 Net property, plant and equipment — 31,940 35,203 — 67,143 Investment in subsidiaries 2,722,452 654,278 — (3,376,730 ) — Intercompany receivables — 100,992 34,220 (135,212 ) — Deferred income taxes, long-term — — 2,199 — 2,199 Goodwill, intangible and other assets, net — 3,861,711 1,196,123 — 5,057,834 Total assets $ 2,722,452 $ 5,193,515 $ 1,398,217 $ (3,511,942 ) $ 5,802,242 Current portion of long-term debt — 17,243 15,038 — 32,281 Accounts payable — 7,367 4,590 — 11,957 Accrued expenses 17,006 84,174 47,848 — 149,028 Income taxes payable — — 1,428 — 1,428 Deferred revenue — 202,252 19,772 — 222,024 Long-term debt, net of current portion 600,000 1,646,396 472,674 — 2,719,070 Other long-term liabilities — 31,748 19,686 — 51,434 Intercompany payables — 34,220 100,992 (135,212 ) — Deferred income taxes, long-term — 447,663 61,911 — 509,574 Total liabilities 617,006 2,471,063 743,939 (135,212 ) 3,696,796 Total stockholders’ equity 2,105,446 2,722,452 654,278 (3,376,730 ) 2,105,446 Total liabilities and stockholders’ equity $ 2,722,452 $ 5,193,515 $ 1,398,217 $ (3,511,942 ) $ 5,802,242 For the Three Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 257,316 $ 116,184 $ (423 ) $ 373,077 Cost of revenues — 138,262 72,640 (423 ) 210,479 Gross profit — 119,054 43,544 — 162,598 Operating expenses: Selling and marketing — 21,118 7,417 — 28,535 Research and development — 28,853 11,974 — 40,827 General and administrative — 18,602 8,597 — 27,199 Total operating expenses — 68,573 27,988 — 96,561 Operating income — 50,481 15,556 — 66,037 Interest expense, net (8,813 ) (17,548 ) (6,485 ) — (32,846 ) Other (expense) income, net — (17,617 ) 17,629 — 12 Earnings from subsidiaries 37,034 23,523 — (60,557 ) — Income before income taxes 28,221 38,839 26,700 (60,557 ) 33,203 Provision for income taxes — 1,805 3,177 — 4,982 Net income $ 28,221 $ 37,034 $ 23,523 $ (60,557 ) $ 28,221 Other comprehensive income (loss), net of tax: Foreign currency exchange translation adjustment (26,793 ) (26,793 ) (27,221 ) 54,014 (26,793 ) Comprehensive income (loss) $ 1,428 $ 10,241 $ (3,698 ) $ (6,543 ) $ 1,428 For the Three Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 110,497 $ 102,655 $ (384 ) $ 212,768 Cost of revenues — 51,035 58,852 (384 ) 109,503 Gross profit — 59,462 43,803 — 103,265 Operating expenses: Selling and marketing — 8,708 5,223 — 13,931 Research and development — 9,433 8,087 — 17,520 General and administrative — 8,904 4,559 — 13,463 Total operating expenses — 27,045 17,869 — 44,914 Operating income — 32,417 25,934 — 58,351 Interest expense, net — (2,570 ) (2,849 ) — (5,419 ) Other income (expense), net — 1,431 (1,595 ) — (164 ) Earnings from subsidiaries 39,128 10,475 — (49,603 ) — Income before income taxes 39,128 41,753 21,490 (49,603 ) 52,768 Provision for income taxes — 2,625 11,015 — 13,640 Net income $ 39,128 $ 39,128 $ 10,475 $ (49,603 ) $ 39,128 Other comprehensive income, net of tax: Foreign currency exchange translation adjustment 22,808 22,808 21,614 (44,422 ) 22,808 Comprehensive income $ 61,936 $ 61,936 $ 32,089 $ (94,025 ) $ 61,936 For the Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 476,305 $ 221,768 $ (865 ) $ 697,208 Cost of revenues — 251,764 136,264 (865 ) 387,163 Gross profit — 224,541 85,504 — 310,045 Operating expenses: Selling and marketing — 43,865 14,531 — 58,396 Research and development — 54,218 23,056 — 77,274 General and administrative — 41,081 16,813 — 57,894 Total operating expenses — 139,164 54,400 — 193,564 Operating income — 85,377 31,104 — 116,481 Interest expense, net (17,461 ) (35,466 ) (13,008 ) — (65,935 ) Other (expense) income, net — (32,017 ) 30,182 — (1,835 ) Earnings from subsidiaries 52,687 41,360 — (94,047 ) — Income before income taxes 35,226 59,254 48,278 (94,047 ) 48,711 Provision for income taxes — 6,567 6,918 — 13,485 Net income $ 35,226 $ 52,687 $ 41,360 $ (94,047 ) $ 35,226 Other comprehensive income (loss), net of tax: Foreign currency exchange translation adjustment (17,472 ) (17,472 ) (22,449 ) 39,921 (17,472 ) Comprehensive income $ 17,754 $ 35,215 $ 18,911 $ (54,126 ) $ 17,754 For the Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 216,325 $ 202,979 $ (801 ) $ 418,503 Cost of revenues — 101,075 121,536 (801 ) 221,810 Gross profit — 115,250 81,443 — 196,693 Operating expenses: Selling and marketing — 17,068 10,250 — 27,318 Research and development — 18,730 18,398 — 37,128 General and administrative — 20,412 10,351 — 30,763 Total operating expenses — 56,210 38,999 — 95,209 Operating income — 59,040 42,444 — 101,484 Interest expense, net — (5,323 ) (5,696 ) — (11,019 ) Other income (expense), net — 1,103 (2,774 ) — (1,671 ) Earnings from subsidiaries 65,374 26,952 — (92,326 ) — Income before income taxes 65,374 81,772 33,974 (92,326 ) 88,794 Provision for income taxes — 16,398 7,022 — 23,420 Net income $ 65,374 $ 65,374 $ 26,952 $ (92,326 ) $ 65,374 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (13,411 ) (13,411 ) (7,601 ) 21,012 (13,411 ) Comprehensive income $ 51,963 $ 51,963 $ 19,351 $ (71,314 ) $ 51,963 For the Six Months Ended June 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 35,226 $ 52,687 $ 41,360 $ (94,047 ) $ 35,226 Non-cash adjustments — 70,450 29,806 — 100,256 Intercompany transactions 18,310 (11,902 ) (6,408 ) — — Earnings from subsidiaries (52,687 ) (41,360 ) — 94,047 — Changes in operating assets and liabilities (849 ) 14,399 (9,696 ) — 3,854 Net cash provided by operating activities — 84,274 55,062 — 139,336 Cash Flow from Investment Activities: Additions to property and equipment — (5,080 ) (8,513 ) — (13,593 ) Proceeds from sale of property and equipment — 95 (52 ) — 43 Cash paid for business acquisitions, net of cash acquired — (219,276 ) (98,278 ) — (317,554 ) Additions to capitalized software — (1,879 ) (1,427 ) — (3,306 ) Purchase of long-term investment — (1,000 ) — — (1,000 ) Net cash used in investing activities — (227,140 ) (108,270 ) — (335,410 ) Cash Flow from Financing Activities: Repayments of debt — (115,500 ) (39,825 ) — (155,325 ) Transactions involving Holding's common stock — 13,556 — — 13,556 Intercompany transactions — (90,798 ) 90,798 — — Payment of fees related to refinancing activities — (222 ) — — (222 ) Net cash (used in) provided by financing activities — (192,964 ) 50,973 — (141,991 ) Effect of exchange rate changes on cash and cash equivalents — — (872 ) — (872 ) Net decrease in cash and cash equivalents — (335,830 ) (3,107 ) — (338,937 ) Cash and cash equivalents, beginning of period — 360,583 73,576 — 434,159 Cash and cash equivalents, end of period $ — $ 24,753 $ 70,469 $ — $ 95,222 For the Six Months Ended June 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 65,374 $ 65,374 $ 26,952 $ (92,326 ) $ 65,374 Non-cash adjustments — 17,672 33,667 — 51,339 Intercompany transactions — 10,748 (10,748 ) — — Earnings from subsidiaries (65,374 ) (26,952 ) — 92,326 — Changes in operating assets and liabilities — (14,563 ) (1,428 ) — (15,991 ) Net cash provided by operating activities — 52,279 48,443 — 100,722 Cash Flow from Investment Activities: Additions to property and equipment — (2,532 ) (3,218 ) — (5,750 ) Cash paid for business acquisitions, net of cash acquired — — (7,863 ) — (7,863 ) Additions to capitalized software — (380 ) (1,412 ) — (1,792 ) Net cash used in investing activities — (2,912 ) (12,493 ) — (15,405 ) Cash Flow from Financing Activities: Repayments of debt — (137,019 ) (36,981 ) — (174,000 ) Transactions involving Holding's common stock — 710,565 — — 710,565 Net cash provided by (used in) financing activities — 573,546 (36,981 ) — 536,565 Effect of exchange rate changes on cash and cash equivalents — — (1,651 ) — (1,651 ) Net increase (decrease) in cash and cash equivalents — 622,913 (2,682 ) — 620,231 Cash and cash equivalents, beginning of period — 34,651 74,926 — 109,577 Cash and cash equivalents, end of period $ — $ 657,564 $ 72,244 $ — $ 729,808

Basis of Presentation - Additio

Basis of Presentation - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015
Accounting Policies [Abstract]
Reclassification of software licenses to maintenance and term licenses	$ 3.1	$ 7.4

Debt - Component of Debt (Detai

Debt - Component of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Unamortized original issue discount and debt issuance costs	$ (63,826)	$ (68,649)
Debt	2,600,849	2,751,351
Less current portion of long-term debt	30,878	32,281
Long-term debt	2,569,971	2,719,070
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Long-term debt gross	2,064,675	2,220,000
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Long-term debt gross	$ 600,000	$ 600,000

Debt - Component of Debt (Paren

Debt - Component of Debt (Parenthetical) (Detail)	Jul. 08, 2015	Jun. 30, 2016	Dec. 31, 2015
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Debt, weighted-average interest rate of credit facility		3.91%	3.94%
Senior Notes [Member] | 5.875% Senior Notes due 2023 [Member]
Debt Instrument [Line Items]
Debt, interest rate	5.875%	5.875%	5.875%
Debt, due date	2,023	2,023	2,023

Debt - Schedule of Carrying Amo

Debt - Schedule of Carrying Amounts and Fair Values of Financial Instruments (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Carrying Amount [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	$ 2,064,675	$ 2,220,000
Carrying Amount [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Senior notes	600,000	600,000
Fair Value [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	2,059,770	2,202,105
Fair Value [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Senior notes	$ 613,500	$ 616,500

Goodwill - Summary of Change in

Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2016USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 3,549,212
2016 acquisitions	99,494
Adjustments to prior acquisitions	(398)
Effect of foreign currency translation	(11,813)
Ending balance	$ 3,636,495

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Weighted Average Number Of Shares Outstanding Diluted Disclosure Items [Abstract]
Weighted average common shares outstanding — used in calculation of basic EPS	198,765	170,810	198,143	169,674
Weighted average common stock equivalents — options and restricted shares	6,151	8,294	6,453	8,300
Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS	204,916	179,104	204,596	177,974

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 30, 2016	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Line Items]
Dividends paid on common stock				$ 24,790	$ 21,101
First Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625
Dividend record date				Mar. 7, 2016
Dividend paid date				Mar. 15, 2016
Second Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625
Dividend record date				Jun. 1, 2016
Dividend paid date				Jun. 15, 2016
Class A Non-Voting Common Stock [Member]
Earnings Per Share [Line Items]
Conversion of common stock number of shares converted	2,703,846
Conversion of common stock number of shares issued	2,703,846
Common stock convertible conversion ratio				100.00%
Stock Options [Member]
Earnings Per Share [Line Items]
Options to purchase shares outstanding		7,304,581	4,122,738	7,075,350	4,119,018

Equity and Stock-based Compen29

Equity and Stock-based Compensation - Additional Information (Detail) $ in Millions	May 25, 2016shares	Jun. 30, 2016USD ($)	Jun. 30, 2015USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock split, description		Board of Directors approved a two-for-one stock split to be effected in the form of a stock dividend.
Stock split, conversion ratio	2
Income tax benefits related to the exercise of stock options | $		$ 23.8	$ 5.1
Amended 2014 Plan [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Increase in shares available for equity awards | shares	24,000,000

Equity and Stock-based Compen30

Equity and Stock-based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 12,566	$ 4,208	$ 27,913	$ 8,314
Cost of Software-Enabled Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,779	1,525	5,184	3,129
Cost of Maintenance and Term Licenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	700	101	1,511	202
Cost of Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,479	1,626	6,695	3,331
Cost of Professional Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	599	159	1,243	325
Cost of Non Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	599	159	1,243	325
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,078	1,785	7,938	3,656
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,860	745	6,445	1,488
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,182	444	4,398	894
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,446	1,234	9,132	2,276
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 8,488	$ 2,423	$ 19,975	$ 4,658

Equity and Stock-based Compen31

Equity and Stock-based Compensation - Summary of Stock Option Activity (Detail)	6 Months Ended
	Jun. 30, 2016shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Outstanding Opening	30,278,364
Granted	1,440,300
Cancelled/forfeited	(912,816)
Exercised	(3,171,668)
Number of Shares, Outstanding Closing	27,634,180

Equity and Stock-based Compen32

Equity and Stock-based Compensation - Summary of RSU Activity (Detail)	6 Months Ended
	Jun. 30, 2016shares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Outstanding Opening	24,876
Number of Shares, Outstanding Closing	17,876
Restricted Stock Units (RSUs) [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Number of Shares, Outstanding Opening	957,452
Cancelled/forfeited	(55,498)
Vested	(419,702)
Number of Shares, Outstanding Closing	482,252

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	15.00%	26.00%	28.00%	26.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Citigroup's Alternative Investor Services [Member] - USD ($) $ in Millions	Mar. 11, 2016	Jun. 30, 2016	Jun. 30, 2016
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction	$ 321
Business acquisition, effective date of acquisition	Mar. 11, 2016
Fair value of acquired accounts receivable	$ 1.7
Reported revenues from acquisition		$ 65.1
Completed Technology [Member]
Business Acquisition [Line Items]
Amortized period			4 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Amortized period			13 years

Acquisitions - Summary of Preli

Acquisitions - Summary of Preliminary Allocation of Purchase Price for Acquisitions of Acquiree (Detail) - USD ($) $ in Thousands	Jun. 30, 2016	Mar. 11, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 3,636,495		$ 3,549,212
Citigroup's Alternative Investor Services [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 57,789
Fixed assets		92
Other assets		1,856
Goodwill		99,494
Deferred revenue		(3,910)
Other liabilities assumed		(6,563)
Consideration paid, net of cash acquired		317,958
Citigroup's Alternative Investor Services [Member] | Acquired Client Relationships and Contracts [Member]
Business Acquisition [Line Items]
Acquired client relationships and contracts		124,600
Citigroup's Alternative Investor Services [Member] | Completed Technology [Member]
Business Acquisition [Line Items]
Acquired client relationships and contracts		$ 44,600

Acquisitions - Summary of Unaud

Acquisitions - Summary of Unaudited Pro Forma Information (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Business Combinations [Abstract]
Revenues	$ 381,246	$ 392,392	$ 764,155	$ 777,016
Net income	$ 34,756	$ 3,942	$ 53,995	$ 854
Basic earnings per share	$ 0.17	$ 0.02	$ 0.27	$ 0.01
Basic weighted average number of common shares outstanding	198,765	170,810	198,143	169,674
Diluted earnings per share	$ 0.17	$ 0.02	$ 0.26	$ 0
Diluted weighted average number of common and common equivalent shares outstanding	204,916	179,104	204,596	177,974

Supplemental Guarantor Financ37

Supplemental Guarantor Financial Statements - Additional Information (Detail) - USD ($) $ in Millions	Jul. 08, 2015	Jun. 30, 2016	Dec. 31, 2015
SS&C Technologies Holdings, Inc [Member]
Supplemental Guarantor Financial Statements [Line Items]
Ownership in subsidiary percentage	100.00%
5.875% Senior Notes due 2023 [Member] | Senior Notes [Member]
Supplemental Guarantor Financial Statements [Line Items]
Debt principal amount	$ 600
Debt, interest rate	5.875%	5.875%	5.875%
Debt, due date	2,023	2,023	2,023

Supplemental Guarantor Financ38

Supplemental Guarantor Financial Statements - Condensed Consolidating Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Dec. 31, 2015
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	$ 95,222	$ 729,808	$ 95,222	$ 109,577	$ 95,222	$ 434,159
Accounts receivable, net					239,428	169,951
Prepaid expenses and other current assets					32,598	27,511
Prepaid income taxes					39,319	40,627
Restricted cash					2,818	2,818
Net property, plant and equipment					69,557	67,143
Deferred income taxes, long-term					2,018	2,199
Goodwill, intangible and other assets, net					5,207,879	5,057,834
Total assets					5,688,839	5,802,242
Less current portion of long-term debt					30,878	32,281
Accounts payable					20,033	11,957
Accrued expenses					124,186	149,028
Income taxes payable						1,428
Deferred revenue					238,785	222,024
Long-term debt, net of current portion (Note 2)					2,569,971	2,719,070
Other long-term liabilities					61,915	51,434
Deferred income taxes, long-term					478,641	509,574
Total liabilities					3,524,409	3,696,796
Total stockholders’ equity					2,164,430	2,105,446
Total liabilities and stockholders’ equity					5,688,839	5,802,242
Revenues	373,077	212,768	697,208	418,503
Cost of revenues	210,479	109,503	387,163	221,810
Gross profit	162,598	103,265	310,045	196,693
Operating expenses:
Selling and marketing	28,535	13,931	58,396	27,318
Research and development	40,827	17,520	77,274	37,128
General and administrative	27,199	13,463	57,894	30,763
Total operating expenses	96,561	44,914	193,564	95,209
Operating income	66,037	58,351	116,481	101,484
Interest expense, net	(32,846)	(5,419)	(65,935)	(11,019)
Other (expense) income, net	12	(164)	(1,835)	(1,671)
Income before income taxes	33,203	52,768	48,711	88,794
Provision for income taxes	4,982	13,640	13,485	23,420
Net income	28,221	39,128	35,226	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	1,428	61,936	17,754	51,963
Cash Flow from Operating Activities:
Net income	28,221	39,128	35,226	65,374
Non-cash adjustments			100,256	51,339
Changes in operating assets and liabilities			3,854	(15,991)
Net cash provided by operating activities			139,336	100,722
Cash Flow from Investment Activities:
Additions to property and equipment			(13,593)	(5,750)
Proceeds from sale of property and equipment			43
Cash paid for business acquisitions, net of cash acquired			(317,554)	(7,863)
Additions to capitalized software			(3,306)	(1,792)
Purchase of long-term investment			(1,000)
Net cash used in investing activities			(335,410)	(15,405)
Cash Flow from Financing Activities:
Repayments of debt			(155,325)	(174,000)
Transactions involving Holding's common stock			13,556	710,565
Payment of fees related to refinancing activities			(222)
Net cash (used in) provided by financing activities			(141,991)	536,565
Effect of exchange rate changes on cash and cash equivalents			(872)	(1,651)
Net (decrease) increase in cash and cash equivalents			(338,937)	620,231
Cash and cash equivalents, beginning of period	95,222		434,159	109,577
Cash and cash equivalents, end of period	95,222	729,808	95,222	729,808
Parent Company [Member]
Supplemental Guarantor Financial Statements [Line Items]
Investment in subsidiaries					2,798,897	2,722,452
Total assets					2,798,897	2,722,452
Accrued expenses					16,157	17,006
Long-term debt, net of current portion (Note 2)					600,000	600,000
Intercompany payables					18,310
Total liabilities					634,467	617,006
Total stockholders’ equity					2,164,430	2,105,446
Total liabilities and stockholders’ equity					2,798,897	2,722,452
Operating expenses:
Interest expense, net	(8,813)		(17,461)
Earnings from subsidiaries	37,034	39,128	52,687	65,374
Income before income taxes	28,221	39,128	35,226	65,374
Net income	28,221	39,128	35,226	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	1,428	61,936	17,754	51,963
Cash Flow from Operating Activities:
Net income	28,221	39,128	35,226	65,374
Intercompany transactions			18,310
Earnings from subsidiaries	(37,034)	(39,128)	(52,687)	(65,374)
Changes in operating assets and liabilities			(849)
Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	24,753	657,564	24,753	34,651	24,753	360,583
Accounts receivable, net					176,884	127,446
Prepaid expenses and other current assets					21,254	15,920
Prepaid income taxes					41,256	38,155
Restricted cash					2,490	2,490
Net property, plant and equipment					30,704	31,940
Investment in subsidiaries					764,004	654,278
Intercompany receivables					136,630	100,992
Goodwill, intangible and other assets, net					3,966,829	3,861,711
Total assets					5,164,804	5,193,515
Less current portion of long-term debt					16,166	17,243
Accounts payable					13,028	7,367
Accrued expenses					71,968	84,174
Deferred revenue					214,246	202,252
Long-term debt, net of current portion (Note 2)					1,535,644	1,646,396
Other long-term liabilities					40,020	31,748
Intercompany payables					47,769	34,220
Deferred income taxes, long-term					427,066	447,663
Total liabilities					2,365,907	2,471,063
Total stockholders’ equity					2,798,897	2,722,452
Total liabilities and stockholders’ equity					5,164,804	5,193,515
Revenues	257,316	110,497	476,305	216,325
Cost of revenues	138,262	51,035	251,764	101,075
Gross profit	119,054	59,462	224,541	115,250
Operating expenses:
Selling and marketing	21,118	8,708	43,865	17,068
Research and development	28,853	9,433	54,218	18,730
General and administrative	18,602	8,904	41,081	20,412
Total operating expenses	68,573	27,045	139,164	56,210
Operating income	50,481	32,417	85,377	59,040
Interest expense, net	(17,548)	(2,570)	(35,466)	(5,323)
Other (expense) income, net	(17,617)	1,431	(32,017)	1,103
Earnings from subsidiaries	23,523	10,475	41,360	26,952
Income before income taxes	38,839	41,753	59,254	81,772
Provision for income taxes	1,805	2,625	6,567	16,398
Net income	37,034	39,128	52,687	65,374
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(26,793)	22,808	(17,472)	(13,411)
Comprehensive income	10,241	61,936	35,215	51,963
Cash Flow from Operating Activities:
Net income	37,034	39,128	52,687	65,374
Non-cash adjustments			70,450	17,672
Intercompany transactions			(11,902)	10,748
Earnings from subsidiaries	(23,523)	(10,475)	(41,360)	(26,952)
Changes in operating assets and liabilities			14,399	(14,563)
Net cash provided by operating activities			84,274	52,279
Cash Flow from Investment Activities:
Additions to property and equipment			(5,080)	(2,532)
Proceeds from sale of property and equipment			95
Cash paid for business acquisitions, net of cash acquired			(219,276)
Additions to capitalized software			(1,879)	(380)
Purchase of long-term investment			(1,000)
Net cash used in investing activities			(227,140)	(2,912)
Cash Flow from Financing Activities:
Repayments of debt			(115,500)	(137,019)
Transactions involving Holding's common stock			13,556	710,565
Intercompany transactions			(90,798)
Payment of fees related to refinancing activities			(222)
Net cash (used in) provided by financing activities			(192,964)	573,546
Net (decrease) increase in cash and cash equivalents			(335,830)	622,913
Cash and cash equivalents, beginning of period			360,583	34,651
Cash and cash equivalents, end of period	24,753	657,564	24,753	657,564
Non-guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	70,469	72,244	70,469	74,926	70,469	73,576
Accounts receivable, net					62,544	42,505
Prepaid expenses and other current assets					11,344	11,591
Prepaid income taxes						2,472
Restricted cash					328	328
Net property, plant and equipment					38,853	35,203
Intercompany receivables					47,768	34,220
Deferred income taxes, long-term					2,018	2,199
Goodwill, intangible and other assets, net					1,241,050	1,196,123
Total assets					1,474,374	1,398,217
Less current portion of long-term debt					14,712	15,038
Accounts payable					7,005	4,590
Accrued expenses					36,061	47,848
Income taxes payable					1,937	1,428
Deferred revenue					24,539	19,772
Long-term debt, net of current portion (Note 2)					434,327	472,674
Other long-term liabilities					21,895	19,686
Intercompany payables					118,319	100,992
Deferred income taxes, long-term					51,575	61,911
Total liabilities					710,370	743,939
Total stockholders’ equity					764,004	654,278
Total liabilities and stockholders’ equity					1,474,374	1,398,217
Revenues	116,184	102,655	221,768	202,979
Cost of revenues	72,640	58,852	136,264	121,536
Gross profit	43,544	43,803	85,504	81,443
Operating expenses:
Selling and marketing	7,417	5,223	14,531	10,250
Research and development	11,974	8,087	23,056	18,398
General and administrative	8,597	4,559	16,813	10,351
Total operating expenses	27,988	17,869	54,400	38,999
Operating income	15,556	25,934	31,104	42,444
Interest expense, net	(6,485)	(2,849)	(13,008)	(5,696)
Other (expense) income, net	17,629	(1,595)	30,182	(2,774)
Income before income taxes	26,700	21,490	48,278	33,974
Provision for income taxes	3,177	11,015	6,918	7,022
Net income	23,523	10,475	41,360	26,952
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	(27,221)	21,614	(22,449)	(7,601)
Comprehensive income	(3,698)	32,089	18,911	19,351
Cash Flow from Operating Activities:
Net income	23,523	10,475	41,360	26,952
Non-cash adjustments			29,806	33,667
Intercompany transactions			(6,408)	(10,748)
Changes in operating assets and liabilities			(9,696)	(1,428)
Net cash provided by operating activities			55,062	48,443
Cash Flow from Investment Activities:
Additions to property and equipment			(8,513)	(3,218)
Proceeds from sale of property and equipment			(52)
Cash paid for business acquisitions, net of cash acquired			(98,278)	(7,863)
Additions to capitalized software			(1,427)	(1,412)
Net cash used in investing activities			(108,270)	(12,493)
Cash Flow from Financing Activities:
Repayments of debt			(39,825)	(36,981)
Intercompany transactions			90,798
Net cash (used in) provided by financing activities			50,973	(36,981)
Effect of exchange rate changes on cash and cash equivalents			(872)	(1,651)
Net (decrease) increase in cash and cash equivalents			(3,107)	(2,682)
Cash and cash equivalents, beginning of period			73,576	74,926
Cash and cash equivalents, end of period	70,469	72,244	70,469	72,244
Consolidation, Eliminations [Member]
Supplemental Guarantor Financial Statements [Line Items]
Prepaid income taxes					(1,937)
Investment in subsidiaries					(3,562,901)	(3,376,730)
Intercompany receivables					(184,398)	(135,212)
Total assets					(3,749,236)	(3,511,942)
Income taxes payable					(1,937)
Intercompany payables					(184,398)	(135,212)
Total liabilities					(186,335)	(135,212)
Total stockholders’ equity					(3,562,901)	(3,376,730)
Total liabilities and stockholders’ equity					$ (3,749,236)	$ (3,511,942)
Revenues	(423)	(384)	(865)	(801)
Cost of revenues	(423)	(384)	(865)	(801)
Operating expenses:
Earnings from subsidiaries	(60,557)	(49,603)	(94,047)	(92,326)
Income before income taxes	(60,557)	(49,603)	(94,047)	(92,326)
Net income	(60,557)	(49,603)	(94,047)	(92,326)
Other comprehensive income (loss), net of tax:
Foreign currency exchange translation adjustment	54,014	(44,422)	39,921	21,012
Comprehensive income	(6,543)	(94,025)	(54,126)	(71,314)
Cash Flow from Operating Activities:
Net income	(60,557)	(49,603)	(94,047)	(92,326)
Earnings from subsidiaries	$ 60,557	$ 49,603	$ 94,047	$ 92,326