v3.10.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Total revenue $ 869,480 $ 670,963 $ 568,128
Cost of revenue 328,382 258,135 225,539
Amortization of product technologies 35,797 22,163 17,669
Gross profit 505,301 390,665 324,920
Operating expenses:      
Product development 118,525 89,452 73,607
Sales and marketing 166,607 140,473 122,457
General and administrative 118,208 112,975 85,013
Amortization of intangible assets 35,911 17,755 12,599
Total operating expenses 439,251 360,655 293,676
Operating income 66,050 30,010 31,244
Interest expense and other, net (31,750) (14,769) (3,758)
Income before income taxes 34,300 15,241 27,486
Income tax (benefit) expense (425) 14,864 10,836
Net income $ 34,725 $ 377 $ 16,650
Net income per share attributable to common stockholders:      
Basic (in dollars per share) $ 0.40 $ 0.00 $ 0.22
Diluted (in dollars per share) $ 0.38 $ 0.00 $ 0.21
Weighted average common shares outstanding:      
Basic (in shares) 87,290 79,433 76,854
Diluted (in shares) 91,531 82,398 77,843
On demand      
Total revenue $ 833,709 $ 642,622 $ 542,531
Professional and other      
Total revenue 35,771 28,341 25,597
Service      
Total revenue $ 869,480 $ 670,963 $ 568,128

Source