v3.20.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Total revenue $ 298,149 $ 255,202 $ 860,429 $ 733,369
Cost of revenue 111,497 98,783 331,120 284,685
Amortization of product technologies 14,236 10,315 42,539 29,729
Gross profit 172,416 146,104 486,770 418,955
Operating expenses:        
Product development 34,066 27,866 97,047 85,914
Sales and marketing 55,563 51,906 159,644 145,849
General and administrative 37,909 31,249 120,836 87,702
Amortization of intangible assets 11,206 10,444 33,872 30,682
Total operating expenses 138,744 121,465 411,399 350,147
Operating income 33,672 24,639 75,371 68,808
Interest expense and other, net (13,305) (8,764) (38,732) (22,773)
Income before income taxes 20,367 15,875 36,639 46,035
Income tax expense 4,026 4,171 3,392 7,996
Net income $ 16,341 $ 11,704 $ 33,247 $ 38,039
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.16 $ 0.13 $ 0.35 $ 0.41
Diluted (in dollars per share) $ 0.16 $ 0.12 $ 0.33 $ 0.39
Weighted average common shares outstanding:        
Basic (in shares) 99,334 92,239 95,926 91,884
Diluted (in shares) 103,385 97,114 99,898 96,392
On demand        
Revenue        
Total revenue $ 290,239 $ 245,637 $ 837,269 $ 707,341
Professional and other        
Revenue        
Total revenue $ 7,910 $ 9,565 $ 23,160 $ 26,028

Source