Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v2.4.0.6
Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
Revenue:        
On demand $ 78,973 $ 62,765 $ 224,629 $ 172,741
On premise 1,226 1,772 3,903 5,045
Professional and other 3,040 3,118 7,916 9,052
Total revenue 83,239 67,655 236,448 186,838
Cost of revenue 32,897 [1] 27,585 [1] 95,358 [1] 78,078 [1]
Gross profit 50,342 40,070 141,090 108,760
Operating expense:        
Product development 12,274 [1] 11,230 [1] 35,325 [1] 32,083 [1]
Sales and marketing 21,792 [1] 17,688 [1] 57,186 [1] 44,992 [1]
General and administrative 12,545 [1] 11,840 [1] 44,794 [1] 31,190 [1]
Total operating expense 46,611 40,758 137,305 108,265
Operating income (loss) 3,731 (688) 3,785 495
Interest expense and other, net (407) (684) (1,620) (2,582)
Income (loss) before income taxes 3,324 (1,372) 2,165 (2,087)
Income tax expense (benefit) 1,211 (266) 704 (615)
Net income (loss) $ 2,113 $ (1,106) $ 1,461 $ (1,472)
Net income (loss) per share        
Basic $ 0.03 $ (0.02) $ 0.02 $ (0.02)
Diluted $ 0.03 $ (0.02) $ 0.02 $ (0.02)
Weighted average shares used in computing net income (loss) per share        
Basic 72,178 68,792 71,293 68,096
Diluted 74,282 68,792 73,689 68,096
[1] (1) Includes stock-based compensation expense as follows: