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100240 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.ssctech.com/20161231/taxonomy/role/DisclosureSummaryOfSignificantAccountingPoliciesTables)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001402436 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Summary of Estimated Useful Lives of the Assets

Depreciation of property, plant and equipment is calculated using a combination of straight-line and accelerated methods over the estimated useful lives of the assets as follows:

 

Description

 

Useful Life

 

Land

 

 

—

 

Buildings and improvements

 

40 years

 

Equipment and software

 

3-5 years

 

Furniture and fixtures

 

7-10 years

 

Leasehold improvements

 

Shorter of lease term or estimated useful life

 

 

  
Summary of Changes in Goodwill

The following table summarizes changes in goodwill (in thousands):

 

Balance at December 31, 2014

 

$

1,573,227

 

2015 acquisitions

 

 

2,031,451

 

Adjustments to prior acquisitions

 

 

(67

)

Effect of foreign currency translation

 

 

(55,399

)

Balance at December 31, 2015

 

$

3,549,212

 

2016 acquisitions

 

 

148,235

 

Adjustments to prior acquisitions

 

 

(4,787

)

Effect of foreign currency translation

 

 

(39,927

)

Balance at December 31, 2016

 

$

3,652,733

 

 

  
Summary of the Components of Intangible Assets

A summary of the components of intangible assets is as follows (in thousands):

 

 

 

December 31,

 

 

 

2016

 

 

2015

 

Customer relationships

 

$

1,645,515

 

 

$

1,459,550

 

Completed technology

 

 

545,273

 

 

 

497,030

 

Trade names

 

 

60,128

 

 

 

61,573

 

Other

 

 

2,709

 

 

 

2,680

 

Total intangible assets

 

 

2,253,625

 

 

 

2,020,833

 

Less: accumulated amortization

 

 

(720,930

)

 

 

(530,792

)

Total intangible assets, net

 

$

1,532,695

 

 

$

1,490,041

 

 

  
Schedule of Estimated Amortization Expense, Related to Intangible Assets

Total estimated amortization expense, related to intangible assets, for each of the next five years, as of December 31, 2016, is expected to approximate (in thousands):

 

Year Ending December 31,

 

 

 

 

2017

 

$

204,812

 

2018

 

 

208,746

 

2019

 

 

191,072

 

2020

 

 

172,427

 

2021

 

 

133,792

 

Total

 

$

910,849

 

 

  
Computation of Basic and Diluted EPS

The following table sets forth the computation of basic and diluted EPS (in thousands, except per share amounts): 

 

 

 

Year Ended December 31,

 

 

 

2016

 

 

2015

 

 

2014

 

Net income

 

$

130,996

 

 

$

42,862

 

 

$

131,127

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average common shares outstanding — used in calculation of basic EPS

 

 

200,252

 

 

 

182,196

 

 

 

166,628

 

Weighted average common stock equivalents — options and restricted shares

 

 

5,541

 

 

 

8,700

 

 

 

8,034

 

Weighted average common and common equivalent shares outstanding — used in calculation of diluted EPS

 

 

205,793

 

 

 

190,896

 

 

 

174,662

 

Earnings per share - Basic

 

$

0.65

 

 

$

0.24

 

 

$

0.79

 

Earnings per share - Diluted

 

$

0.64

 

 

$

0.22

 

 

$

0.75