v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Total revenue $ 255,202 $ 224,953 $ 733,369 $ 642,506
Amortization of product technologies 10,315 8,946 29,729 26,368
Gross profit 146,104 130,467 418,955 375,819
Operating expenses:        
Product development 27,866 28,942 85,914 88,753
Sales and marketing 51,906 43,179 145,849 121,523
General and administrative 31,249 30,036 87,702 85,570
Amortization of intangible assets 10,444 9,738 30,682 26,323
Total operating expenses 121,465 111,895 350,147 322,169
Operating income 24,639 18,572 68,808 53,650
Interest expense and other, net (8,764) (8,816) (22,773) (25,004)
Income before income taxes 15,875 9,756 46,035 28,646
Income tax expense 4,171 683 7,996 193
Net income $ 11,704 $ 9,073 $ 38,039 $ 28,453
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.13 $ 0.10 $ 0.41 $ 0.33
Diluted (in dollars per share) $ 0.12 $ 0.09 $ 0.39 $ 0.31
Weighted average common shares outstanding:        
Basic (in shares) 92,239 91,222 91,884 85,874
Diluted (in shares) 97,114 96,590 96,392 90,451
On demand        
Revenue        
Total revenue $ 245,637 $ 215,413 $ 707,341 $ 615,658
Professional and other        
Revenue        
Total revenue 9,565 9,540 26,028 26,848
Service        
Revenue        
Total revenue 255,202 224,953 733,369 642,506
Cost of revenue $ 98,783 $ 85,540 $ 284,685 $ 240,319

Source