SS&C Technologies (SSNC) 10-Q 7 Nov 16 2016 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2016	Nov. 02, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q3
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		202,815,308

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 101,800	$ 434,159
Accounts receivable, net of allowance for doubtful accounts of $5,315 and $2,957, respectively	237,495	169,951
Prepaid expenses and other current assets	32,720	27,511
Prepaid income taxes	39,776	40,627
Restricted cash	2,116	2,818
Total current assets	413,907	675,066
Property, plant and equipment:
Land	2,655	2,655
Building and improvements	37,539	37,855
Equipment, furniture, and fixtures	112,909	97,274
Total property and equipment	153,103	137,784
Less: accumulated depreciation	(81,975)	(70,641)
Net property, plant and equipment	71,128	67,143
Deferred income taxes	2,071	2,199
Goodwill (Note 3)	3,616,060	3,549,212
Intangible and other assets, net of accumulated amortization of $683,690 and $536,929, respectively	1,519,294	1,508,622
Total assets	5,622,460	5,802,242
Current liabilities:
Current portion of long-term debt (Note 2)	29,813	32,281
Accounts payable	16,480	11,957
Income taxes payable		1,428
Accrued employee compensation and benefits	74,006	83,894
Interest payable	13,259	28,903
Other accrued expenses	50,979	36,231
Deferred revenue	231,285	222,024
Total current liabilities	415,822	416,718
Long-term debt, net of current portion (Note 2)	2,460,457	2,719,070
Other long-term liabilities	61,968	51,434
Deferred income taxes	459,025	509,574
Total liabilities	3,397,272	3,696,796
Commitments and contingencies (Note 8)
Common stock:
Common stock	2,043	1,932
Additional paid-in capital	1,905,834	1,793,149
Accumulated other comprehensive loss	(112,702)	(83,170)
Retained earnings	448,011	411,493
Stockholders' equity before treasury stock	2,243,186	2,123,431
Less: cost of common stock in treasury, 1,573,269 and 1,572,878 shares, respectively	(17,998)	(17,985)
Total stockholders’ equity	2,225,188	2,105,446
Total liabilities and stockholders’ equity	$ 5,622,460	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	Sep. 30, 2016	Dec. 31, 2015
Allowance for doubtful accounts receivable	$ 5,315	$ 2,957
Accumulated amortization of finite-lived intangible assets	$ 683,690	$ 536,929
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	400,000,000	400,000,000
Common stock, shares issued	204,356,540	193,104,452
Common stock, shares outstanding	202,783,271	191,531,574
Common stock, shares unvested	14,564	24,876
Treasury stock, shares	1,573,269	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 (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Revenues:
Software-enabled services	$ 248,772	$ 180,744	$ 699,091	$ 484,434
Maintenance and term licenses	106,925	80,097	305,437	159,049
Total recurring revenues	355,697	260,841	1,004,528	643,483
Perpetual licenses	4,389	6,508	14,643	22,526
Professional services	23,218	13,545	61,341	33,388
Total non-recurring revenues	27,607	20,053	75,984	55,914
Total revenues	383,304	280,894	1,080,512	699,397
Cost of revenues:
Software-enabled services	143,074	96,151	403,045	273,301
Maintenance and term licenses	45,458	43,391	138,864	69,896
Total recurring cost of revenues	188,532	139,542	541,909	343,197
Perpetual licenses	608	1,036	1,749	3,081
Professional services	18,887	11,286	51,532	27,396
Total non-recurring cost of revenues	19,495	12,322	53,281	30,477
Total cost of revenues	208,027	151,864	595,190	373,674
Gross profit	175,277	129,030	485,322	325,723
Operating expenses:
Selling and marketing	27,328	37,082	85,724	64,400
Research and development	37,701	37,389	114,975	74,517
General and administrative	33,345	39,607	91,239	70,370
Total operating expenses	98,374	114,078	291,938	209,287
Operating income	76,903	14,952	193,384	116,436
Interest expense, net	(31,648)	(32,645)	(97,583)	(43,664)
Other income, net	2,655	6,953	820	5,282
Loss on extinguishment of debt		(30,417)		(30,417)
Income (loss) before income taxes	47,910	(41,157)	96,621	47,637
Provision (benefit) for income taxes	9,163	(6,547)	22,648	16,873
Net income (loss)	$ 38,747	$ (34,610)	$ 73,973	$ 30,764
Basic earnings (loss) per share	$ 0.19	$ (0.18)	$ 0.37	$ 0.17
Basic weighted average number of common shares outstanding	201,782	193,706	199,365	177,772
Diluted earnings (loss) per share	$ 0.19	$ (0.18)	$ 0.36	$ 0.16
Diluted weighted average number of common and common equivalent shares outstanding	206,635	193,706	205,334	186,470
Net income (loss)	$ 38,747	$ (34,610)	$ 73,973	$ 30,764
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	(12,060)	(38,005)	(29,532)	(51,416)
Total comprehensive loss, net of tax	(12,060)	(38,005)	(29,532)	(51,416)
Comprehensive income (loss)	$ 26,687	$ (72,615)	$ 44,441	$ (20,652)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015
Cash flow from operating activities:
Net income	$ 73,973	$ 30,764
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	170,910	100,840
Stock-based compensation expense	40,402	31,435
Income tax benefit related to exercise of stock options	(44,975)	(11,141)
Amortization and write-offs of loan origination costs	7,994	5,473
Loss on extinguishment of debt		3,954
Loss on sale or disposition of property and equipment	159	339
Deferred income taxes	(39,712)	(27,030)
Provision for doubtful accounts	2,684	601
Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable	(14,603)	(5,234)
Prepaid expenses and other assets	(2,595)	(5,109)
Accounts payable	2,610	(1,755)
Accrued expenses	(18,429)	(28,437)
Income taxes prepaid and payable	44,840	(1,125)
Deferred revenue	13,758	26,992
Net cash provided by operating activities	237,016	120,567
Cash flow from investing activities:
Additions to property and equipment	(18,870)	(9,462)
Proceeds from sale of property and equipment	69	56
Cash paid for business acquisitions, net of cash acquired	(309,432)	(2,614,785)
Additions to capitalized software	(6,137)	(3,370)
Purchase of long-term investment	(1,000)
Net changes in restricted cash	700
Net cash used in investing activities	(334,670)	(2,627,561)
Cash flow from financing activities:
Cash received from debt borrowings, net of original issue discount		3,068,075
Repayments of debt	(268,550)	(823,448)
Proceeds from exercise of stock options	34,767	10,618
Withholding taxes related to equity award net share settlement	(7,051)
Income tax benefit related to exercise of stock options	44,975	11,141
Proceeds from common stock issuance, net		717,802
Purchase of common stock for treasury	(13)
Payment of fees related to refinancing activities	(503)	(45,781)
Dividends paid on common stock	(37,452)	(33,216)
Net cash (used in) provided by financing activities	(233,827)	2,905,191
Effect of exchange rate changes on cash and cash equivalents	(878)	(3,964)
Net (decrease) increase in cash and cash equivalents	(332,359)	394,233
Cash and cash equivalents, beginning of period	434,159	109,577
Cash and cash equivalents, end of period	$ 101,800	$ 503,810

Basis of Presentation

Basis of Presentation	9 Months Ended
	Sep. 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 September 30, 2016, the results of its operations for the three and nine months ended September 30, 2016 and 2015 and its cash flows for the nine months ended September 30, 2016 and 2015. These statements do not include all of the information and footnotes required by GAAP for annual financial statements. The condensed consolidated 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 nine months ended September 30, 2016 are not necessarily indicative of the expected results for any subsequent quarters or the full year. Reclassifications The Company’s prior presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income (Loss) displayed total recurring Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, Classification of Certain Cash Receipts and Cash Payments In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments In March 2016, the FASB issued 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 Subsequent to the issuance of ASU No. 2014-09, the FASB has issued the following updates: ASU 2016-08, Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients.

Debt

Debt	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Debt	Note 2—Debt At September 30, 2016 and December 31, 2015, debt consisted of the following (in thousands): September 30, 2016 December 31, 2015 Senior secured credit facilities, weighted-average interest rate of 3.91% and 3.94%, respectively $ 1,951,450 $ 2,220,000 5.875% senior notes due 2023 600,000 600,000 Unamortized original issue discount and debt issuance costs (61,180 ) (68,649 ) 2,490,270 2,751,351 Less current portion of long-term debt 29,813 32,281 Long-term debt $ 2,460,457 $ 2,719,070 Fair value of debt. The carrying amounts and fair values of financial instruments are as follows (in thousands): September 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 1,951,450 $ 1,963,242 $ 2,220,000 $ 2,202,105 5.875% senior notes due 2023 600,000 631,500 600,000 616,500 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	9 Months Ended
	Sep. 30, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	Note 3—Goodwill The change in carrying value of goodwill as of and for the nine months ended September 30, 2016 is as follows (in thousands): Balance at December 31, 2015 $ 3,549,212 2016 acquisitions 91,533 Adjustments to prior acquisitions (4,720 ) Effect of foreign currency translation (19,965 ) Balance at September 30, 2016 $ 3,616,060

Earnings per Share

Earnings per Share	9 Months Ended
	Sep. 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Weighted average common shares outstanding — used in calculation of basic EPS 201,782 193,706 199,365 177,772 Weighted average common stock equivalents — options and restricted shares 4,853 — 5,969 8,698 Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 206,635 193,706 205,334 186,470 Weighted average stock options, SARs, RSUs and RSAs representing 10,702,466 and 28,806,708 shares were outstanding for the three months ended September 30, 2016 and 2015, respectively, and weighted average stock options, SARs, RSUs and RSAs representing 14,094,402 and 6,219,720 for the nine months ended September 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. No dilutive securities were included in the diluted EPS calculation for the three months ended September 30, 2015 due to the Company’s reported net loss for the quarter. 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, June 15, 2016 and September 15, 2016 to stockholders of record as of the close of business on March 7, 2016, June 1, 2016, and September 1, 2016, respectively, totaling $37.5 million. In 2015, the Company paid quarterly cash dividends of $0.0625 per share of common stock on March 16, 2015, June 15, 2015 and September 15, 2015 to stockholders of record as of the close of business on March 2, 2015, June 1, 2015 and September 1, 2015, respectively, totaling $33.2 million.

Equity and Stock-based Compensa

Equity and Stock-based Compensation	9 Months Ended
	Sep. 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 (Loss) for three and nine months ended September 30, 2016 was as follows (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, Condensed Consolidated Statements of Comprehensive Income (Loss) Classification 2016 2015 2016 2015 Cost of software-enabled services $ 2,732 $ 1,846 $ 7,916 $ 4,976 Cost of maintenance and term licenses 605 589 2,116 791 Cost of recurring revenues 3,337 2,435 10,032 5,767 Cost of professional services 493 530 1,736 855 Cost of non-recurring revenues 493 530 1,736 855 Total cost of revenues 3,830 2,965 11,768 6,622 Selling and marketing 2,521 9,936 8,966 11,423 Research and development 2,004 5,464 6,402 6,359 General and administrative 4,134 4,756 13,266 7,031 Total operating expenses 8,659 20,156 28,634 24,813 Total stock-based compensation expense $ 12,489 $ 23,121 $ 40,402 $ 31,435 The following table summarizes stock option and SAR activity as of and for the nine months ended September 30, 2016: Shares Outstanding at December 31, 2015 30,278,364 Granted 1,454,300 Cancelled/forfeited (1,391,958 ) Exercised (5,762,429 ) Outstanding at September 30, 2016 24,578,277 The following table summarizes RSU activity as of and for the nine months ended September 30, 2016: Shares Outstanding at December 31, 2015 957,452 Granted - Cancelled/forfeited (67,266 ) Vested (501,906 ) Outstanding at September 30, 2016 388,280 The Company recorded $45.0 million and $11.1 million of income tax benefits related to the exercise of stock options during the nine months ended September 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	9 Months Ended
	Sep. 30, 2016
Income Tax Disclosure [Abstract]
Income Taxes	Note 6—Income Taxes The effective tax rate was 19% and 16% for the three months ended September 30, 2016 and 2015, respectively, and the effective tax rate was 23% and 35% for the nine months ended September 30, 2016 and 2015, respectively. The change in the effective tax rate for the three months ended September 30, 2016 was primarily due to an increase in pre-tax income from domestic operations taxed at a high statutory rate compared to the prior year, partially offset by the absence of the unfavorable impact of nondeductible transaction costs and repatriation of foreign earnings in the prior year. The change in the effective tax rate was primarily due to the absence of the unfavorable impact of nondeductible transaction costs and repatriation of foreign earnings in the prior year, partially offset by an increase in pre-tax income from domestic operations taxed at a high statutory rate and 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.

Acquisitions

Acquisitions	9 Months Ended
	Sep. 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 $310.2 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 $ 58,479 Fixed assets 103 Other assets 1,985 Acquired client relationships and contracts 124,600 Completed technology 44,600 Goodwill 91,533 Deferred revenue (3,910 ) Other liabilities assumed (7,229 ) Consideration paid, net of cash acquired $ 310,161 The consideration paid, net of cash acquired for Citigroup AIS includes a working capital adjustment of $7.9 million, which was received during the third quarter of 2016. This amount is reflected in “Cash paid for business acquisitions, net of cash acquired” for the nine months ended September 30, 2016 on the Company’s Condensed Consolidated Statement of Cash Flows. 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 $118.6 million from Citigroup AIS from its acquisition date through September 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Revenues $ 391,865 $ 384,312 $ 1,158,376 $ 1,160,828 Net income $ 45,510 $ 14,281 $ 101,393 $ 14,791 Basic earnings per share $ 0.23 $ 0.07 $ 0.51 $ 0.08 Basic weighted average number of common shares outstanding 201,782 193,706 199,365 177,772 Diluted earnings per share $ 0.22 $ 0.07 $ 0.49 $ 0.08 Diluted weighted average number of common and common equivalent shares outstanding 206,635 202,624 205,334 186,470 Pending acquisitions On September 14, 2016, the Company announced the acquisition of Wells Fargo Global Fund Services ("GFS"), a leading provider of comprehensive administration, middle-office, operations and cash/collateral management services to alternative investment managers. The transaction is subject to approvals by relevant regulatory authorities and other customary closing conditions. The transaction is expected to close in the fourth quarter of 2016.

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	Note 8—Commitments and Contingencies From time to time, the Company is subject to 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	9 Months Ended
	Sep. 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 September 30, 2016 and December 31, 2015 and for the three and nine months ended September 30, 2016 are presented. The condensed consolidating financial information of the Company and its subsidiaries are as follows (in thousands): September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 23,423 $ 78,377 $ — $ 101,800 Accounts receivable, net — 174,082 63,413 — 237,495 Prepaid expenses and other current assets — 21,486 11,234 — 32,720 Prepaid income taxes — 42,909 — (3,133 ) 39,776 Restricted cash — 1,788 328 — 2,116 Net property, plant and equipment — 32,327 38,801 — 71,128 Investment in subsidiaries 2,868,467 780,155 — (3,648,622 ) — Intercompany receivables — 159,942 59,683 (219,625 ) — Deferred income taxes, long-term — — 2,071 — 2,071 Goodwill, intangible and other assets, net — 3,921,368 1,213,986 — 5,135,354 Total assets $ 2,868,467 $ 5,157,480 $ 1,467,893 $ (3,871,380 ) $ 5,622,460 Current portion of long-term debt — 15,399 14,414 — 29,813 Accounts payable — 10,924 5,556 — 16,480 Accrued expenses 7,344 88,178 42,722 — 138,244 Income taxes payable — — 3,133 (3,133 ) — Deferred revenue — 207,664 23,621 — 231,285 Long-term debt, net of current portion 600,000 1,458,478 401,979 — 2,460,457 Other long-term liabilities — 38,864 23,104 — 61,968 Intercompany payables 35,935 59,683 124,007 (219,625 ) — Deferred income taxes, long-term — 409,823 49,202 — 459,025 Total liabilities 643,279 2,289,013 687,738 (222,758 ) 3,397,272 Total stockholders’ equity 2,225,188 2,868,467 780,155 (3,648,622 ) 2,225,188 Total liabilities and stockholders’ equity $ 2,868,467 $ 5,157,480 $ 1,467,893 $ (3,871,380 ) $ 5,622,460 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 September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 262,350 $ 121,385 $ (431 ) $ 383,304 Cost of revenues — 137,369 71,089 (431 ) 208,027 Gross profit — 124,981 50,296 — 175,277 Operating expenses: Selling and marketing — 20,448 6,880 — 27,328 Research and development — 26,575 11,126 — 37,701 General and administrative — 24,824 8,521 — 33,345 Total operating expenses — 71,847 26,527 — 98,374 Operating income — 53,134 23,769 — 76,903 Interest expense, net (8,812 ) (16,651 ) (6,185 ) — (31,648 ) Other (expense) income, net — (15,364 ) 18,019 — 2,655 Earnings from subsidiaries 47,559 30,522 — (78,081 ) — Income before income taxes 38,747 51,641 35,603 (78,081 ) 47,910 Provision for income taxes — 4,082 5,081 — 9,163 Net income $ 38,747 $ 47,559 $ 30,522 $ (78,081 ) $ 38,747 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (12,060 ) (12,060 ) (10,844 ) 22,904 (12,060 ) Comprehensive income $ 26,687 $ 35,499 $ 19,678 $ (55,177 ) $ 26,687 For the Three Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 180,515 $ 100,492 $ (113 ) $ 280,894 Cost of revenues — 91,930 60,047 (113 ) 151,864 Gross profit — 88,585 40,445 — 129,030 Operating expenses: Selling and marketing — 26,193 10,889 — 37,082 Research and development — 26,350 11,039 — 37,389 General and administrative — 33,070 6,537 — 39,607 Total operating expenses — 85,613 28,465 — 114,078 Operating income — 2,972 11,980 — 14,952 Interest expense, net (8,193 ) (17,743 ) (6,709 ) — (32,645 ) Other (expense) income, net — (14,182 ) 21,135 — 6,953 Loss on extinguishment of debt — (23,375 ) (7,042 ) — (30,417 ) (Loss) earnings from subsidiaries (26,417 ) 16,349 — 10,068 — (Loss) income before income taxes (34,610 ) (35,979 ) 19,364 10,068 (41,157 ) (Benefit) provision for income taxes — (9,562 ) 3,015 — (6,547 ) Net (loss) income $ (34,610 ) $ (26,417 ) $ 16,349 $ 10,068 $ (34,610 ) Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (38,005 ) (38,005 ) (33,040 ) 71,045 (38,005 ) Comprehensive loss $ (72,615 ) $ (64,422 ) $ (16,691 ) $ 81,113 $ (72,615 ) For the Nine Months Ended September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 738,655 $ 343,153 $ (1,296 ) $ 1,080,512 Cost of revenues — 389,133 207,353 (1,296 ) 595,190 Gross profit — 349,522 135,800 — 485,322 Operating expenses: Selling and marketing — 64,313 21,411 — 85,724 Research and development — 80,794 34,181 — 114,975 General and administrative — 65,906 25,333 — 91,239 Total operating expenses — 211,013 80,925 — 291,938 Operating income — 138,509 54,875 — 193,384 Interest expense, net (26,274 ) (52,116 ) (19,193 ) — (97,583 ) Other (expense) income, net — (47,381 ) 48,201 — 820 Earnings from subsidiaries 100,247 71,885 — (172,132 ) — Income before income taxes 73,973 110,897 83,883 (172,132 ) 96,621 Provision for income taxes — 10,650 11,998 — 22,648 Net income $ 73,973 $ 100,247 $ 71,885 $ (172,132 ) $ 73,973 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (29,532 ) (29,532 ) (33,293 ) 62,825 (29,532 ) Comprehensive income $ 44,441 $ 70,715 $ 38,592 $ (109,307 ) $ 44,441 For the Nine Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 396,839 $ 303,473 $ (915 ) $ 699,397 Cost of revenues — 193,006 181,583 (915 ) 373,674 Gross profit — 203,833 121,890 — 325,723 Operating expenses: Selling and marketing — 43,261 21,139 — 64,400 Research and development — 45,080 29,437 — 74,517 General and administrative — 53,482 16,888 — 70,370 Total operating expenses — 141,823 67,464 — 209,287 Operating income — 62,010 54,426 — 116,436 Interest expense, net (8,193 ) (23,066 ) (12,405 ) — (43,664 ) Other (expense) income, net — (13,079 ) 18,361 — 5,282 Loss on extinguishment of debt — (23,375 ) (7,042 ) — (30,417 ) Earnings from subsidiaries 38,957 43,303 — (82,260 ) — Income before income taxes 30,764 45,793 53,340 (82,260 ) 47,637 Provision for income taxes — 6,836 10,037 — 16,873 Net income $ 30,764 $ 38,957 $ 43,303 $ (82,260 ) $ 30,764 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (51,416 ) (51,416 ) (40,641 ) 92,057 (51,416 ) Comprehensive (loss) income $ (20,652 ) $ (12,459 ) $ 2,662 $ 9,797 $ (20,652 ) For the Nine Months Ended September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 73,973 $ 100,247 $ 71,885 $ (172,132 ) $ 73,973 Non-cash adjustments — 89,915 47,547 — 137,462 Intercompany transactions 35,935 (21,251 ) (14,684 ) — — Earnings from subsidiaries (100,247 ) (71,885 ) — 172,132 — Changes in operating assets and liabilities (9,661 ) 40,315 (5,073 ) — 25,581 Net cash provided by operating activities — 137,341 99,675 — 237,016 Cash Flow from Investment Activities: Additions to property and equipment — (7,672 ) (11,198 ) — (18,870 ) Proceeds from sale of property and equipment — 67 2 — 69 Cash paid for business acquisitions, net of cash acquired — (214,689 ) (94,743 ) — (309,432 ) Additions to capitalized software — (3,860 ) (2,277 ) — (6,137 ) Purchase of long-term investment — (1,000 ) — — (1,000 ) Net changes in restricted cash — 702 (2 ) — 700 Net cash used in investing activities — (226,452 ) (108,218 ) — (334,670 ) Cash Flow from Financing Activities: Repayments of debt — (195,500 ) (73,050 ) — (268,550 ) Transactions involving Holding's common stock — 35,226 — — 35,226 Intercompany transactions — (87,272 ) 87,272 — — Payment of fees related to refinancing activities — (503 ) — — (503 ) Net cash (used in) provided by financing activities — (248,049 ) 14,222 — (233,827 ) Effect of exchange rate changes on cash and cash equivalents — — (878 ) — (878 ) Net (decrease) increase in cash and cash equivalents — (337,160 ) 4,801 — (332,359 ) Cash and cash equivalents, beginning of period — 360,583 73,576 — 434,159 Cash and cash equivalents, end of period $ — $ 23,423 $ 78,377 $ — $ 101,800 For the Nine Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 30,764 $ 38,957 $ 43,303 $ (82,260 ) $ 30,764 Non-cash adjustments — 51,400 53,071 — 104,471 Intercompany transactions — 8 (8 ) — — Earnings from subsidiaries (38,957 ) (43,303 ) — 82,260 — Changes in operating assets and liabilities 8,193 (10,322 ) (12,539 ) — (14,668 ) Net cash provided by operating activities — 36,740 83,827 — 120,567 Cash Flow from Investment Activities: Additions to property and equipment — (5,496 ) (3,966 ) — (9,462 ) Proceeds from sale of property and equipment — 5 51 — 56 Cash paid for business acquisitions, net of cash acquired — (2,606,923 ) (7,862 ) — (2,614,785 ) Additions to capitalized software — (1,268 ) (2,102 ) — (3,370 ) Net changes in restricted cash — (1,731 ) 1,731 — — Net cash (used in) provided by investing activities — (2,615,413 ) (12,148 ) — (2,627,561 ) Cash Flow from Financing Activities: Cash received from debt borrowings, net of original issue discount — 2,410,770 657,305 — 3,068,075 Repayments of debt — (504,604 ) (318,844 ) — (823,448 ) Transactions involving Holding's common stock — 706,345 — — 706,345 Intercompany transactions — 399,572 (399,572 ) — — Payment of fees related to refinancing activities — (39,130 ) (6,651 ) — (45,781 ) Net cash provided by (used in) financing activities — 2,972,953 (67,762 ) — 2,905,191 Effect of exchange rate changes on cash and cash equivalents — — (3,964 ) — (3,964 ) Net increase (decrease) in cash and cash equivalents — 394,280 (47 ) — 394,233 Cash and cash equivalents, beginning of period — 34,651 74,926 — 109,577 Cash and cash equivalents, end of period $ — $ 428,931 $ 74,879 $ — $ 503,810

Basis of Presentation (Policies

Basis of Presentation (Policies)	9 Months Ended
	Sep. 30, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Reclassifications	Reclassifications The Company’s prior presentation of revenues on its Condensed Consolidated Statements of Comprehensive Income (Loss) displayed total recurring
Recent Accounting Pronouncements	Recent Accounting Pronouncements In August 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2016-15, Classification of Certain Cash Receipts and Cash Payments In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments In March 2016, the FASB issued 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 Subsequent to the issuance of ASU No. 2014-09, the FASB has issued the following updates: ASU 2016-08, Revenue from Contracts with Customers (Topic 606) - Principal versus Agent Considerations (Reporting Revenue Gross versus Net) Revenue from Contracts with Customers (Topic 606) - Identifying Performance Obligations and Licensing Revenue from Contracts with Customers (Topic 606) - Narrow-Scope Improvements and Practical Expedients.

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2016
Debt Disclosure [Abstract]
Component of Debt	At September 30, 2016 and December 31, 2015, debt consisted of the following (in thousands): September 30, 2016 December 31, 2015 Senior secured credit facilities, weighted-average interest rate of 3.91% and 3.94%, respectively $ 1,951,450 $ 2,220,000 5.875% senior notes due 2023 600,000 600,000 Unamortized original issue discount and debt issuance costs (61,180 ) (68,649 ) 2,490,270 2,751,351 Less current portion of long-term debt 29,813 32,281 Long-term debt $ 2,460,457 $ 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): September 30, 2016 December 31, 2015 Carrying Fair Carrying Fair Amount Value Amount Value Financial liabilities: Senior secured credit facilities $ 1,951,450 $ 1,963,242 $ 2,220,000 $ 2,202,105 5.875% senior notes due 2023 600,000 631,500 600,000 616,500

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 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 nine months ended September 30, 2016 is as follows (in thousands): Balance at December 31, 2015 $ 3,549,212 2016 acquisitions 91,533 Adjustments to prior acquisitions (4,720 ) Effect of foreign currency translation (19,965 ) Balance at September 30, 2016 $ 3,616,060

Earnings per Share (Tables)

Earnings per Share (Tables)	9 Months Ended
	Sep. 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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Weighted average common shares outstanding — used in calculation of basic EPS 201,782 193,706 199,365 177,772 Weighted average common stock equivalents — options and restricted shares 4,853 — 5,969 8,698 Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS 206,635 193,706 205,334 186,470

Equity and Stock-based Compen19

Equity and Stock-based Compensation (Tables)	9 Months Ended
	Sep. 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 (Loss) for three and nine months ended September 30, 2016 was as follows (in thousands): For the Three Months Ended September 30, For the Nine Months Ended September 30, Condensed Consolidated Statements of Comprehensive Income (Loss) Classification 2016 2015 2016 2015 Cost of software-enabled services $ 2,732 $ 1,846 $ 7,916 $ 4,976 Cost of maintenance and term licenses 605 589 2,116 791 Cost of recurring revenues 3,337 2,435 10,032 5,767 Cost of professional services 493 530 1,736 855 Cost of non-recurring revenues 493 530 1,736 855 Total cost of revenues 3,830 2,965 11,768 6,622 Selling and marketing 2,521 9,936 8,966 11,423 Research and development 2,004 5,464 6,402 6,359 General and administrative 4,134 4,756 13,266 7,031 Total operating expenses 8,659 20,156 28,634 24,813 Total stock-based compensation expense $ 12,489 $ 23,121 $ 40,402 $ 31,435
Summary of Stock Option Activity	The following table summarizes stock option and SAR activity as of and for the nine months ended September 30, 2016: Shares Outstanding at December 31, 2015 30,278,364 Granted 1,454,300 Cancelled/forfeited (1,391,958 ) Exercised (5,762,429 ) Outstanding at September 30, 2016 24,578,277
Summary of RSU Activity	The following table summarizes RSU activity as of and for the nine months ended September 30, 2016: Shares Outstanding at December 31, 2015 957,452 Granted - Cancelled/forfeited (67,266 ) Vested (501,906 ) Outstanding at September 30, 2016 388,280

Acquisitions (Tables)

Acquisitions (Tables)	9 Months Ended
	Sep. 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 $ 58,479 Fixed assets 103 Other assets 1,985 Acquired client relationships and contracts 124,600 Completed technology 44,600 Goodwill 91,533 Deferred revenue (3,910 ) Other liabilities assumed (7,229 ) Consideration paid, net of cash acquired $ 310,161
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 September 30, For the Nine Months Ended September 30, 2016 2015 2016 2015 Revenues $ 391,865 $ 384,312 $ 1,158,376 $ 1,160,828 Net income $ 45,510 $ 14,281 $ 101,393 $ 14,791 Basic earnings per share $ 0.23 $ 0.07 $ 0.51 $ 0.08 Basic weighted average number of common shares outstanding 201,782 193,706 199,365 177,772 Diluted earnings per share $ 0.22 $ 0.07 $ 0.49 $ 0.08 Diluted weighted average number of common and common equivalent shares outstanding 206,635 202,624 205,334 186,470

Supplemental Guarantor Financ21

Supplemental Guarantor Financial Statements (Tables)	9 Months Ended
	Sep. 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): September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash and cash equivalents $ — $ 23,423 $ 78,377 $ — $ 101,800 Accounts receivable, net — 174,082 63,413 — 237,495 Prepaid expenses and other current assets — 21,486 11,234 — 32,720 Prepaid income taxes — 42,909 — (3,133 ) 39,776 Restricted cash — 1,788 328 — 2,116 Net property, plant and equipment — 32,327 38,801 — 71,128 Investment in subsidiaries 2,868,467 780,155 — (3,648,622 ) — Intercompany receivables — 159,942 59,683 (219,625 ) — Deferred income taxes, long-term — — 2,071 — 2,071 Goodwill, intangible and other assets, net — 3,921,368 1,213,986 — 5,135,354 Total assets $ 2,868,467 $ 5,157,480 $ 1,467,893 $ (3,871,380 ) $ 5,622,460 Current portion of long-term debt — 15,399 14,414 — 29,813 Accounts payable — 10,924 5,556 — 16,480 Accrued expenses 7,344 88,178 42,722 — 138,244 Income taxes payable — — 3,133 (3,133 ) — Deferred revenue — 207,664 23,621 — 231,285 Long-term debt, net of current portion 600,000 1,458,478 401,979 — 2,460,457 Other long-term liabilities — 38,864 23,104 — 61,968 Intercompany payables 35,935 59,683 124,007 (219,625 ) — Deferred income taxes, long-term — 409,823 49,202 — 459,025 Total liabilities 643,279 2,289,013 687,738 (222,758 ) 3,397,272 Total stockholders’ equity 2,225,188 2,868,467 780,155 (3,648,622 ) 2,225,188 Total liabilities and stockholders’ equity $ 2,868,467 $ 5,157,480 $ 1,467,893 $ (3,871,380 ) $ 5,622,460 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 September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 262,350 $ 121,385 $ (431 ) $ 383,304 Cost of revenues — 137,369 71,089 (431 ) 208,027 Gross profit — 124,981 50,296 — 175,277 Operating expenses: Selling and marketing — 20,448 6,880 — 27,328 Research and development — 26,575 11,126 — 37,701 General and administrative — 24,824 8,521 — 33,345 Total operating expenses — 71,847 26,527 — 98,374 Operating income — 53,134 23,769 — 76,903 Interest expense, net (8,812 ) (16,651 ) (6,185 ) — (31,648 ) Other (expense) income, net — (15,364 ) 18,019 — 2,655 Earnings from subsidiaries 47,559 30,522 — (78,081 ) — Income before income taxes 38,747 51,641 35,603 (78,081 ) 47,910 Provision for income taxes — 4,082 5,081 — 9,163 Net income $ 38,747 $ 47,559 $ 30,522 $ (78,081 ) $ 38,747 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (12,060 ) (12,060 ) (10,844 ) 22,904 (12,060 ) Comprehensive income $ 26,687 $ 35,499 $ 19,678 $ (55,177 ) $ 26,687 For the Three Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 180,515 $ 100,492 $ (113 ) $ 280,894 Cost of revenues — 91,930 60,047 (113 ) 151,864 Gross profit — 88,585 40,445 — 129,030 Operating expenses: Selling and marketing — 26,193 10,889 — 37,082 Research and development — 26,350 11,039 — 37,389 General and administrative — 33,070 6,537 — 39,607 Total operating expenses — 85,613 28,465 — 114,078 Operating income — 2,972 11,980 — 14,952 Interest expense, net (8,193 ) (17,743 ) (6,709 ) — (32,645 ) Other (expense) income, net — (14,182 ) 21,135 — 6,953 Loss on extinguishment of debt — (23,375 ) (7,042 ) — (30,417 ) (Loss) earnings from subsidiaries (26,417 ) 16,349 — 10,068 — (Loss) income before income taxes (34,610 ) (35,979 ) 19,364 10,068 (41,157 ) (Benefit) provision for income taxes — (9,562 ) 3,015 — (6,547 ) Net (loss) income $ (34,610 ) $ (26,417 ) $ 16,349 $ 10,068 $ (34,610 ) Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (38,005 ) (38,005 ) (33,040 ) 71,045 (38,005 ) Comprehensive loss $ (72,615 ) $ (64,422 ) $ (16,691 ) $ 81,113 $ (72,615 ) For the Nine Months Ended September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 738,655 $ 343,153 $ (1,296 ) $ 1,080,512 Cost of revenues — 389,133 207,353 (1,296 ) 595,190 Gross profit — 349,522 135,800 — 485,322 Operating expenses: Selling and marketing — 64,313 21,411 — 85,724 Research and development — 80,794 34,181 — 114,975 General and administrative — 65,906 25,333 — 91,239 Total operating expenses — 211,013 80,925 — 291,938 Operating income — 138,509 54,875 — 193,384 Interest expense, net (26,274 ) (52,116 ) (19,193 ) — (97,583 ) Other (expense) income, net — (47,381 ) 48,201 — 820 Earnings from subsidiaries 100,247 71,885 — (172,132 ) — Income before income taxes 73,973 110,897 83,883 (172,132 ) 96,621 Provision for income taxes — 10,650 11,998 — 22,648 Net income $ 73,973 $ 100,247 $ 71,885 $ (172,132 ) $ 73,973 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (29,532 ) (29,532 ) (33,293 ) 62,825 (29,532 ) Comprehensive income $ 44,441 $ 70,715 $ 38,592 $ (109,307 ) $ 44,441 For the Nine Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Revenues $ — $ 396,839 $ 303,473 $ (915 ) $ 699,397 Cost of revenues — 193,006 181,583 (915 ) 373,674 Gross profit — 203,833 121,890 — 325,723 Operating expenses: Selling and marketing — 43,261 21,139 — 64,400 Research and development — 45,080 29,437 — 74,517 General and administrative — 53,482 16,888 — 70,370 Total operating expenses — 141,823 67,464 — 209,287 Operating income — 62,010 54,426 — 116,436 Interest expense, net (8,193 ) (23,066 ) (12,405 ) — (43,664 ) Other (expense) income, net — (13,079 ) 18,361 — 5,282 Loss on extinguishment of debt — (23,375 ) (7,042 ) — (30,417 ) Earnings from subsidiaries 38,957 43,303 — (82,260 ) — Income before income taxes 30,764 45,793 53,340 (82,260 ) 47,637 Provision for income taxes — 6,836 10,037 — 16,873 Net income $ 30,764 $ 38,957 $ 43,303 $ (82,260 ) $ 30,764 Other comprehensive loss, net of tax: Foreign currency exchange translation adjustment (51,416 ) (51,416 ) (40,641 ) 92,057 (51,416 ) Comprehensive (loss) income $ (20,652 ) $ (12,459 ) $ 2,662 $ 9,797 $ (20,652 ) For the Nine Months Ended September 30, 2016 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 73,973 $ 100,247 $ 71,885 $ (172,132 ) $ 73,973 Non-cash adjustments — 89,915 47,547 — 137,462 Intercompany transactions 35,935 (21,251 ) (14,684 ) — — Earnings from subsidiaries (100,247 ) (71,885 ) — 172,132 — Changes in operating assets and liabilities (9,661 ) 40,315 (5,073 ) — 25,581 Net cash provided by operating activities — 137,341 99,675 — 237,016 Cash Flow from Investment Activities: Additions to property and equipment — (7,672 ) (11,198 ) — (18,870 ) Proceeds from sale of property and equipment — 67 2 — 69 Cash paid for business acquisitions, net of cash acquired — (214,689 ) (94,743 ) — (309,432 ) Additions to capitalized software — (3,860 ) (2,277 ) — (6,137 ) Purchase of long-term investment — (1,000 ) — — (1,000 ) Net changes in restricted cash — 702 (2 ) — 700 Net cash used in investing activities — (226,452 ) (108,218 ) — (334,670 ) Cash Flow from Financing Activities: Repayments of debt — (195,500 ) (73,050 ) — (268,550 ) Transactions involving Holding's common stock — 35,226 — — 35,226 Intercompany transactions — (87,272 ) 87,272 — — Payment of fees related to refinancing activities — (503 ) — — (503 ) Net cash (used in) provided by financing activities — (248,049 ) 14,222 — (233,827 ) Effect of exchange rate changes on cash and cash equivalents — — (878 ) — (878 ) Net (decrease) increase in cash and cash equivalents — (337,160 ) 4,801 — (332,359 ) Cash and cash equivalents, beginning of period — 360,583 73,576 — 434,159 Cash and cash equivalents, end of period $ — $ 23,423 $ 78,377 $ — $ 101,800 For the Nine Months Ended September 30, 2015 Parent Guarantor Subsidiaries Non-guarantor Subsidiaries Consolidating and Eliminating Adjustments Consolidated Cash Flow from Operating Activities: Net income $ 30,764 $ 38,957 $ 43,303 $ (82,260 ) $ 30,764 Non-cash adjustments — 51,400 53,071 — 104,471 Intercompany transactions — 8 (8 ) — — Earnings from subsidiaries (38,957 ) (43,303 ) — 82,260 — Changes in operating assets and liabilities 8,193 (10,322 ) (12,539 ) — (14,668 ) Net cash provided by operating activities — 36,740 83,827 — 120,567 Cash Flow from Investment Activities: Additions to property and equipment — (5,496 ) (3,966 ) — (9,462 ) Proceeds from sale of property and equipment — 5 51 — 56 Cash paid for business acquisitions, net of cash acquired — (2,606,923 ) (7,862 ) — (2,614,785 ) Additions to capitalized software — (1,268 ) (2,102 ) — (3,370 ) Net changes in restricted cash — (1,731 ) 1,731 — — Net cash (used in) provided by investing activities — (2,615,413 ) (12,148 ) — (2,627,561 ) Cash Flow from Financing Activities: Cash received from debt borrowings, net of original issue discount — 2,410,770 657,305 — 3,068,075 Repayments of debt — (504,604 ) (318,844 ) — (823,448 ) Transactions involving Holding's common stock — 706,345 — — 706,345 Intercompany transactions — 399,572 (399,572 ) — — Payment of fees related to refinancing activities — (39,130 ) (6,651 ) — (45,781 ) Net cash provided by (used in) financing activities — 2,972,953 (67,762 ) — 2,905,191 Effect of exchange rate changes on cash and cash equivalents — — (3,964 ) — (3,964 ) Net increase (decrease) in cash and cash equivalents — 394,280 (47 ) — 394,233 Cash and cash equivalents, beginning of period — 34,651 74,926 — 109,577 Cash and cash equivalents, end of period $ — $ 428,931 $ 74,879 $ — $ 503,810

Debt - Component of Debt (Detai

Debt - Component of Debt (Detail) - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Unamortized original issue discount and debt issuance costs	$ (61,180)	$ (68,649)
Debt	2,490,270	2,751,351
Less current portion of long-term debt	29,813	32,281
Long-term debt	2,460,457	2,719,070
Secured Debt [Member] | Senior Secured Credit Facilities [Member]
Debt Instrument [Line Items]
Long-term debt gross	1,951,450	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	Sep. 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	Sep. 30, 2016	Dec. 31, 2015
Carrying Amount [Member] | Senior Secured Credit Facilities [Member]
Financial liabilities:
Credit facility	$ 1,951,450	$ 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	1,963,242	2,202,105
Fair Value [Member] | 5.875% Senior Notes due 2023 [Member]
Financial liabilities:
Senior notes	$ 631,500	$ 616,500

Goodwill - Summary of Change in

Goodwill - Summary of Change in Carrying Value of Goodwill (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2016USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Beginning balance	$ 3,549,212
2016 acquisitions	91,533
Adjustments to prior acquisitions	(4,720)
Effect of foreign currency translation	(19,965)
Ending balance	$ 3,616,060

Earnings per Share - Computatio

Earnings per Share - Computation of Basic and Diluted EPS (Detail) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Weighted Average Number Of Shares Outstanding Diluted Disclosure Items [Abstract]
Weighted average common shares outstanding — used in calculation of basic EPS	201,782	193,706	199,365	177,772
Weighted average common stock equivalents — options and restricted shares	4,853		5,969	8,698
Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS	206,635	193,706	205,334	186,470

Earnings per Share - Additional

Earnings per Share - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	Mar. 30, 2016	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Earnings Per Share [Line Items]
Dilutive securities included in diluted EPS calculation			0
Dividends paid on common stock				$ 37,452	$ 33,216
First Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625	$ 0.0625
Dividend record date				Mar. 7, 2016	Mar. 2, 2015
Dividend paid date				Mar. 15, 2016	Mar. 16, 2015
Second Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625	$ 0.0625
Dividend record date				Jun. 1, 2016	Jun. 1, 2015
Dividend paid date				Jun. 15, 2016	Jun. 15, 2015
Third Quarter Dividend [Member]
Earnings Per Share [Line Items]
Quarterly cash dividend paid				$ 0.0625	$ 0.0625
Dividend record date				Sep. 1, 2016	Sep. 1, 2015
Dividend paid date				Sep. 15, 2016	Sep. 15, 2015
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		10,702,466	28,806,708	14,094,402	6,219,720

Equity and Stock-based Compen28

Equity and Stock-based Compensation - Additional Information (Detail) $ in Millions	May 25, 2016shares	Sep. 30, 2016USD ($)	Sep. 30, 2015USD ($)
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 | $		$ 45	$ 11.1
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 Compen29

Equity and Stock-based Compensation - Schedule of Stock-Based Compensation Expense Recognized (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 12,489	$ 23,121	$ 40,402	$ 31,435
Cost of Software-Enabled Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,732	1,846	7,916	4,976
Cost of Maintenance and Term Licenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	605	589	2,116	791
Cost of Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,337	2,435	10,032	5,767
Cost of Professional Services [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	493	530	1,736	855
Cost of Non Recurring Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	493	530	1,736	855
Total Cost of Revenues [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	3,830	2,965	11,768	6,622
Selling and Marketing [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,521	9,936	8,966	11,423
Research and Development [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	2,004	5,464	6,402	6,359
General and Administrative [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	4,134	4,756	13,266	7,031
Total Operating Expenses [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Total stock-based compensation expense	$ 8,659	$ 20,156	$ 28,634	$ 24,813

Equity and Stock-based Compen30

Equity and Stock-based Compensation - Summary of Stock Option Activity (Detail)	9 Months Ended
	Sep. 30, 2016shares
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Number of Shares, Outstanding Opening	30,278,364
Granted	1,454,300
Cancelled/forfeited	(1,391,958)
Exercised	(5,762,429)
Number of Shares, Outstanding Closing	24,578,277

Equity and Stock-based Compen31

Equity and Stock-based Compensation - Summary of RSU Activity (Detail)	9 Months Ended
	Sep. 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	14,564
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	(67,266)
Vested	(501,906)
Number of Shares, Outstanding Closing	388,280

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail)	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Effective tax rate	19.00%	16.00%	23.00%	35.00%

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail) - Citigroup's Alternative Investor Services [Member] - USD ($) $ in Millions	Mar. 11, 2016	Sep. 30, 2016	Sep. 30, 2016	Sep. 30, 2016
Business Acquisition [Line Items]
Consideration paid, net of cash plus the costs of transaction	$ 310.2
Business acquisition, effective date of acquisition	Mar. 11, 2016
Working capital adjustment received during third quarter of 2016		$ 7.9
Fair value of acquired accounts receivable	$ 1.7
Reported revenues from acquisition			$ 118.6
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	Sep. 30, 2016	Mar. 11, 2016	Dec. 31, 2015
Business Acquisition [Line Items]
Goodwill	$ 3,616,060		$ 3,549,212
Citigroup's Alternative Investor Services [Member]
Business Acquisition [Line Items]
Accounts receivable		$ 58,479
Fixed assets		103
Other assets		1,985
Goodwill		91,533
Deferred revenue		(3,910)
Other liabilities assumed		(7,229)
Consideration paid, net of cash acquired		310,161
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		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015
Business Combinations [Abstract]
Revenues	$ 391,865	$ 384,312	$ 1,158,376	$ 1,160,828
Net income	$ 45,510	$ 14,281	$ 101,393	$ 14,791
Basic earnings per share	$ 0.23	$ 0.07	$ 0.51	$ 0.08
Basic weighted average number of common shares outstanding	201,782	193,706	199,365	177,772
Diluted earnings per share	$ 0.22	$ 0.07	$ 0.49	$ 0.08
Diluted weighted average number of common and common equivalent shares outstanding	206,635	202,624	205,334	186,470

Supplemental Guarantor Financ36

Supplemental Guarantor Financial Statements - Additional Information (Detail) - USD ($) $ in Millions	Jul. 08, 2015	Sep. 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 Financ37

Supplemental Guarantor Financial Statements - Condensed Consolidating Financial Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Sep. 30, 2015	Sep. 30, 2016	Dec. 31, 2015
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	$ 101,800	$ 503,810	$ 101,800	$ 109,577	$ 101,800	$ 434,159
Accounts receivable, net					237,495	169,951
Prepaid expenses and other current assets					32,720	27,511
Prepaid income taxes					39,776	40,627
Restricted cash					2,116	2,818
Net property, plant and equipment					71,128	67,143
Deferred income taxes, long-term					2,071	2,199
Goodwill, intangible and other assets, net					5,135,354	5,057,834
Total assets					5,622,460	5,802,242
Less current portion of long-term debt					29,813	32,281
Accounts payable					16,480	11,957
Accrued expenses					138,244	149,028
Income taxes payable						1,428
Deferred revenue					231,285	222,024
Long-term debt, net of current portion (Note 2)					2,460,457	2,719,070
Other long-term liabilities					61,968	51,434
Deferred income taxes, long-term					459,025	509,574
Total liabilities					3,397,272	3,696,796
Total stockholders’ equity					2,225,188	2,105,446
Total liabilities and stockholders’ equity					5,622,460	5,802,242
Revenues	383,304	280,894	1,080,512	699,397
Cost of revenues	208,027	151,864	595,190	373,674
Gross profit	175,277	129,030	485,322	325,723
Operating expenses:
Selling and marketing	27,328	37,082	85,724	64,400
Research and development	37,701	37,389	114,975	74,517
General and administrative	33,345	39,607	91,239	70,370
Total operating expenses	98,374	114,078	291,938	209,287
Operating income	76,903	14,952	193,384	116,436
Interest expense, net	(31,648)	(32,645)	(97,583)	(43,664)
Other (expense) income, net	2,655	6,953	820	5,282
Loss on extinguishment of debt		(30,417)		(30,417)
Income (loss) before income taxes	47,910	(41,157)	96,621	47,637
(Benefit) provision for income taxes	9,163	(6,547)	22,648	16,873
Net income (loss)	38,747	(34,610)	73,973	30,764
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	(12,060)	(38,005)	(29,532)	(51,416)
Comprehensive income (loss)	26,687	(72,615)	44,441	(20,652)
Cash Flow from Operating Activities:
Net income (loss)	38,747	(34,610)	73,973	30,764
Non-cash adjustments			137,462	104,471
Changes in operating assets and liabilities			25,581	(14,668)
Net cash provided by operating activities			237,016	120,567
Cash Flow from Investment Activities:
Additions to property and equipment			(18,870)	(9,462)
Proceeds from sale of property and equipment			69	56
Cash paid for business acquisitions, net of cash acquired			(309,432)	(2,614,785)
Additions to capitalized software			(6,137)	(3,370)
Purchase of long-term investment			(1,000)
Net changes in restricted cash			700
Net cash used in investing activities			(334,670)	(2,627,561)
Cash Flow from Financing Activities:
Cash received from debt borrowings, net of original issue discount				3,068,075
Repayments of debt			(268,550)	(823,448)
Transactions involving Holding's common stock			35,226	706,345
Payment of fees related to refinancing activities			(503)	(45,781)
Net cash (used in) provided by financing activities			(233,827)	2,905,191
Effect of exchange rate changes on cash and cash equivalents			(878)	(3,964)
Net (decrease) increase in cash and cash equivalents			(332,359)	394,233
Cash and cash equivalents, beginning of period			434,159	109,577
Cash and cash equivalents, end of period	101,800	503,810	101,800	503,810
Parent Company [Member]
Supplemental Guarantor Financial Statements [Line Items]
Investment in subsidiaries					2,868,467	2,722,452
Total assets					2,868,467	2,722,452
Accrued expenses					7,344	17,006
Long-term debt, net of current portion (Note 2)					600,000	600,000
Intercompany payables					35,935
Total liabilities					643,279	617,006
Total stockholders’ equity					2,225,188	2,105,446
Total liabilities and stockholders’ equity					2,868,467	2,722,452
Operating expenses:
Interest expense, net	(8,812)	(8,193)	(26,274)	(8,193)
(Loss) earnings from subsidiaries	47,559	(26,417)	100,247	38,957
Income (loss) before income taxes	38,747	(34,610)	73,973	30,764
Net income (loss)	38,747	(34,610)	73,973	30,764
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	(12,060)	(38,005)	(29,532)	(51,416)
Comprehensive income (loss)	26,687	(72,615)	44,441	(20,652)
Cash Flow from Operating Activities:
Net income (loss)	38,747	(34,610)	73,973	30,764
Intercompany transactions			35,935
Earnings from subsidiaries	(47,559)	26,417	(100,247)	(38,957)
Changes in operating assets and liabilities			(9,661)	8,193
Guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	23,423	428,931	23,423	34,651	23,423	360,583
Accounts receivable, net					174,082	127,446
Prepaid expenses and other current assets					21,486	15,920
Prepaid income taxes					42,909	38,155
Restricted cash					1,788	2,490
Net property, plant and equipment					32,327	31,940
Investment in subsidiaries					780,155	654,278
Intercompany receivables					159,942	100,992
Goodwill, intangible and other assets, net					3,921,368	3,861,711
Total assets					5,157,480	5,193,515
Less current portion of long-term debt					15,399	17,243
Accounts payable					10,924	7,367
Accrued expenses					88,178	84,174
Deferred revenue					207,664	202,252
Long-term debt, net of current portion (Note 2)					1,458,478	1,646,396
Other long-term liabilities					38,864	31,748
Intercompany payables					59,683	34,220
Deferred income taxes, long-term					409,823	447,663
Total liabilities					2,289,013	2,471,063
Total stockholders’ equity					2,868,467	2,722,452
Total liabilities and stockholders’ equity					5,157,480	5,193,515
Revenues	262,350	180,515	738,655	396,839
Cost of revenues	137,369	91,930	389,133	193,006
Gross profit	124,981	88,585	349,522	203,833
Operating expenses:
Selling and marketing	20,448	26,193	64,313	43,261
Research and development	26,575	26,350	80,794	45,080
General and administrative	24,824	33,070	65,906	53,482
Total operating expenses	71,847	85,613	211,013	141,823
Operating income	53,134	2,972	138,509	62,010
Interest expense, net	(16,651)	(17,743)	(52,116)	(23,066)
Other (expense) income, net	(15,364)	(14,182)	(47,381)	(13,079)
Loss on extinguishment of debt		(23,375)		(23,375)
(Loss) earnings from subsidiaries	30,522	16,349	71,885	43,303
Income (loss) before income taxes	51,641	(35,979)	110,897	45,793
(Benefit) provision for income taxes	4,082	(9,562)	10,650	6,836
Net income (loss)	47,559	(26,417)	100,247	38,957
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	(12,060)	(38,005)	(29,532)	(51,416)
Comprehensive income (loss)	35,499	(64,422)	70,715	(12,459)
Cash Flow from Operating Activities:
Net income (loss)	47,559	(26,417)	100,247	38,957
Non-cash adjustments			89,915	51,400
Intercompany transactions			(21,251)	8
Earnings from subsidiaries	(30,522)	(16,349)	(71,885)	(43,303)
Changes in operating assets and liabilities			40,315	(10,322)
Net cash provided by operating activities			137,341	36,740
Cash Flow from Investment Activities:
Additions to property and equipment			(7,672)	(5,496)
Proceeds from sale of property and equipment			67	5
Cash paid for business acquisitions, net of cash acquired			(214,689)	(2,606,923)
Additions to capitalized software			(3,860)	(1,268)
Purchase of long-term investment			(1,000)
Net changes in restricted cash			702	(1,731)
Net cash used in investing activities			(226,452)	(2,615,413)
Cash Flow from Financing Activities:
Cash received from debt borrowings, net of original issue discount				2,410,770
Repayments of debt			(195,500)	(504,604)
Transactions involving Holding's common stock			35,226	706,345
Intercompany transactions			(87,272)	399,572
Payment of fees related to refinancing activities			(503)	(39,130)
Net cash (used in) provided by financing activities			(248,049)	2,972,953
Net (decrease) increase in cash and cash equivalents			(337,160)	394,280
Cash and cash equivalents, beginning of period			360,583	34,651
Cash and cash equivalents, end of period	23,423	428,931	23,423	428,931
Non-guarantor Subsidiaries [Member]
Supplemental Guarantor Financial Statements [Line Items]
Cash and cash equivalents	78,377	74,879	78,377	74,926	78,377	73,576
Accounts receivable, net					63,413	42,505
Prepaid expenses and other current assets					11,234	11,591
Prepaid income taxes						2,472
Restricted cash					328	328
Net property, plant and equipment					38,801	35,203
Intercompany receivables					59,683	34,220
Deferred income taxes, long-term					2,071	2,199
Goodwill, intangible and other assets, net					1,213,986	1,196,123
Total assets					1,467,893	1,398,217
Less current portion of long-term debt					14,414	15,038
Accounts payable					5,556	4,590
Accrued expenses					42,722	47,848
Income taxes payable					3,133	1,428
Deferred revenue					23,621	19,772
Long-term debt, net of current portion (Note 2)					401,979	472,674
Other long-term liabilities					23,104	19,686
Intercompany payables					124,007	100,992
Deferred income taxes, long-term					49,202	61,911
Total liabilities					687,738	743,939
Total stockholders’ equity					780,155	654,278
Total liabilities and stockholders’ equity					1,467,893	1,398,217
Revenues	121,385	100,492	343,153	303,473
Cost of revenues	71,089	60,047	207,353	181,583
Gross profit	50,296	40,445	135,800	121,890
Operating expenses:
Selling and marketing	6,880	10,889	21,411	21,139
Research and development	11,126	11,039	34,181	29,437
General and administrative	8,521	6,537	25,333	16,888
Total operating expenses	26,527	28,465	80,925	67,464
Operating income	23,769	11,980	54,875	54,426
Interest expense, net	(6,185)	(6,709)	(19,193)	(12,405)
Other (expense) income, net	18,019	21,135	48,201	18,361
Loss on extinguishment of debt		(7,042)		(7,042)
Income (loss) before income taxes	35,603	19,364	83,883	53,340
(Benefit) provision for income taxes	5,081	3,015	11,998	10,037
Net income (loss)	30,522	16,349	71,885	43,303
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	(10,844)	(33,040)	(33,293)	(40,641)
Comprehensive income (loss)	19,678	(16,691)	38,592	2,662
Cash Flow from Operating Activities:
Net income (loss)	30,522	16,349	71,885	43,303
Non-cash adjustments			47,547	53,071
Intercompany transactions			(14,684)	(8)
Changes in operating assets and liabilities			(5,073)	(12,539)
Net cash provided by operating activities			99,675	83,827
Cash Flow from Investment Activities:
Additions to property and equipment			(11,198)	(3,966)
Proceeds from sale of property and equipment			2	51
Cash paid for business acquisitions, net of cash acquired			(94,743)	(7,862)
Additions to capitalized software			(2,277)	(2,102)
Net changes in restricted cash			(2)	1,731
Net cash used in investing activities			(108,218)	(12,148)
Cash Flow from Financing Activities:
Cash received from debt borrowings, net of original issue discount				657,305
Repayments of debt			(73,050)	(318,844)
Intercompany transactions			87,272	(399,572)
Payment of fees related to refinancing activities				(6,651)
Net cash (used in) provided by financing activities			14,222	(67,762)
Effect of exchange rate changes on cash and cash equivalents			(878)	(3,964)
Net (decrease) increase in cash and cash equivalents			4,801	(47)
Cash and cash equivalents, beginning of period			73,576	74,926
Cash and cash equivalents, end of period	78,377	74,879	78,377	74,879
Consolidation, Eliminations [Member]
Supplemental Guarantor Financial Statements [Line Items]
Prepaid income taxes					(3,133)
Investment in subsidiaries					(3,648,622)	(3,376,730)
Intercompany receivables					(219,625)	(135,212)
Total assets					(3,871,380)	(3,511,942)
Income taxes payable					(3,133)
Intercompany payables					(219,625)	(135,212)
Total liabilities					(222,758)	(135,212)
Total stockholders’ equity					(3,648,622)	(3,376,730)
Total liabilities and stockholders’ equity					$ (3,871,380)	$ (3,511,942)
Revenues	(431)	(113)	(1,296)	(915)
Cost of revenues	(431)	(113)	(1,296)	(915)
Operating expenses:
(Loss) earnings from subsidiaries	(78,081)	10,068	(172,132)	(82,260)
Income (loss) before income taxes	(78,081)	10,068	(172,132)	(82,260)
Net income (loss)	(78,081)	10,068	(172,132)	(82,260)
Other comprehensive loss, net of tax:
Foreign currency exchange translation adjustment	22,904	71,045	62,825	92,057
Comprehensive income (loss)	(55,177)	81,113	(109,307)	9,797
Cash Flow from Operating Activities:
Net income (loss)	(78,081)	10,068	(172,132)	(82,260)
Earnings from subsidiaries	$ 78,081	$ (10,068)	$ 172,132	$ 82,260