Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v2.4.0.8
Condensed Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenue:        
On demand $ 90,825 $ 74,938 $ 176,147 $ 145,656
On premise 1,011 1,261 1,961 2,677
Professional and other 2,615 2,593 5,324 4,876
Total revenue 94,451 78,792 183,432 153,209
Cost of revenue 37,340 [1] 31,848 [1] 72,704 [1] 62,461 [1]
Gross profit 57,111 46,944 110,728 90,748
Operating expense:        
Product development 11,727 [1] 11,738 [1] 23,765 [1] 23,051 [1]
Sales and marketing 23,924 [1] 18,588 [1] 46,826 [1] 35,394 [1]
General and administrative 12,819 [1] 19,946 [1] 29,326 [1] 32,249 [1]
Total operating expense 48,470 50,272 99,917 90,694
Operating income (loss) 8,641 (3,328) 10,811 54
Interest expense and other, net (596) (577) (685) (1,213)
Income (loss) before income taxes 8,045 (3,905) 10,126 (1,159)
Income tax expense (benefit) 3,435 (1,533) 4,498 (507)
Net income (loss) $ 4,610 $ (2,372) $ 5,628 $ (652)
Net income (loss) per share        
Basic $ 0.06 $ (0.03) $ 0.08 $ (0.01)
Diluted $ 0.06 $ (0.03) $ 0.07 $ (0.01)
Weighted average shares used in computing net income (loss) per share        
Basic 74,541 71,102 74,278 70,846
Diluted 75,781 71,102 75,665 70,846
[1] (1) Includes stock-based compensation expense as follows: Cost of revenue $ 676 $ 750 $ 1,426 $ 1,439 Product development 721 1,002 1,852 2,064 Sales and marketing 2,004 1,032 5,205 1,769 General and administrative 2,660 1,532 4,823 3,032