v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Total revenue $ 285,607 $ 243,861 $ 562,280 $ 478,167
Cost of revenue 110,713 95,708 219,623 185,902
Amortization of product technologies 14,531 9,900 28,303 19,414
Gross profit 160,363 138,253 314,354 272,851
Operating expenses:        
Product development 31,433 28,151 62,981 58,048
Sales and marketing 49,424 49,120 104,081 93,943
General and administrative 42,399 28,310 82,927 56,453
Amortization of intangible assets 11,247 10,402 22,666 20,238
Total operating expenses 134,503 115,983 272,655 228,682
Operating income 25,860 22,270 41,699 44,169
Interest expense and other, net (12,692) (8,029) (25,427) (14,009)
Income before income taxes 13,168 14,241 16,272 30,160
Income tax expense (benefit) 1,867 (822) (634) 3,825
Net income $ 11,301 $ 15,063 $ 16,906 $ 26,335
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.12 $ 0.16 $ 0.18 $ 0.29
Diluted (in dollars per share) $ 0.11 $ 0.16 $ 0.17 $ 0.27
Weighted average common shares outstanding:        
Basic (in shares) 95,752 91,914 94,203 91,703
Diluted (in shares) 100,254 96,493 98,143 96,036
On demand        
Revenue        
Total revenue $ 278,559 $ 235,185 $ 547,030 $ 461,704
Professional and other        
Revenue        
Total revenue $ 7,048 $ 8,676 $ 15,250 $ 16,463

Source