v3.20.4
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenue:      
Total revenue $ 1,158,484 $ 988,136 $ 869,480
Cost of revenue 442,965 385,712 328,382
Amortization of product technologies 58,313 40,461 35,797
Gross profit 657,206 561,963 505,301
Operating expenses:      
Product development 133,661 112,222 118,525
Sales and marketing 218,481 193,962 166,607
General and administrative 157,608 123,056 118,208
Amortization of intangible assets 44,689 40,303 35,911
Total operating expenses 554,439 469,543 439,251
Operating income 102,767 92,420 66,050
Interest expense and other, net (51,460) (31,862) (31,750)
Income before income taxes 51,307 60,558 34,300
Income tax expense (benefit) 4,993 2,350 (425)
Net income $ 46,314 $ 58,208 $ 34,725
Net income per share attributable to common stockholders:      
Basic (in dollars per share) $ 0.48 $ 0.63 $ 0.40
Diluted (in dollars per share) $ 0.46 $ 0.60 $ 0.38
Weighted average common shares outstanding:      
Basic (in shares) 96,841 92,017 87,290
Diluted (in shares) 101,365 96,282 91,531
On demand      
Revenue:      
Total revenue $ 1,125,838 $ 953,576 $ 833,709
Professional and other      
Revenue:      
Total revenue 32,646 34,560 35,771
Service      
Revenue:      
Total revenue $ 1,158,484 $ 988,136 $ 869,480

Source