v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenue        
Total revenue $ 243,861 $ 216,252 $ 478,167 $ 417,553
Amortization of product technologies 9,900 9,127 19,414 17,422
Gross profit 138,253 125,183 272,851 245,352
Operating expenses:        
Product development 28,151 30,771 58,048 59,811
Sales and marketing 49,120 40,664 93,943 78,344
General and administrative 28,310 28,444 56,453 55,534
Amortization of intangible assets 10,402 8,496 20,238 16,585
Total operating expenses 115,983 108,375 228,682 210,274
Operating income 22,270 16,808 44,169 35,078
Interest expense and other, net (8,029) (8,518) (14,009) (16,188)
Income before income taxes 14,241 8,290 30,160 18,890
Income tax (benefit) expense (822) (189) 3,825 (490)
Net income $ 15,063 $ 8,479 $ 26,335 $ 19,380
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.16 $ 0.10 $ 0.29 $ 0.23
Diluted (in dollars per share) $ 0.16 $ 0.09 $ 0.27 $ 0.22
Weighted average common shares outstanding:        
Basic (in shares) 91,914 85,124 91,703 83,156
Diluted (in shares) 96,493 90,005 96,036 87,332
On demand        
Revenue        
Total revenue $ 235,185 $ 206,945 $ 461,704 $ 400,245
Professional and other        
Revenue        
Total revenue 8,676 9,307 16,463 17,308
Service        
Revenue        
Total revenue 243,861 216,252 478,167 417,553
Cost of revenue $ 95,708 $ 81,942 $ 185,902 $ 154,779

Source