Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.3.0.814
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Revenue:        
On demand $ 116,772 $ 100,747 $ 333,872 $ 289,361
On premise 834 755 2,301 2,446
Professional and other 3,982 3,034 10,647 8,280
Total revenue 121,588 104,536 346,820 300,087
Cost of revenue 52,879 46,311 150,160 128,353
Gross profit 68,709 58,225 196,660 171,734
Operating expense:        
Product development 16,858 17,528 52,919 48,310
Sales and marketing 31,559 29,949 90,333 83,970
General and administrative 13,424 15,443 51,797 53,191
Impairment of identified intangible assets 20,274 0 20,801 0
Total operating expense 82,115 62,920 215,850 185,471
Operating loss (13,406) (4,695) (19,190) (13,737)
Interest expense and other, net (391) (345) (1,048) (771)
Loss before income taxes (13,797) (5,040) (20,238) (14,508)
Income tax benefit (5,605) (1,783) (7,120) (4,124)
Net loss $ (8,192) $ (3,257) $ (13,118) $ (10,384)
Net loss per share        
Basic (in dollars per share) $ (0.11) $ (0.04) $ (0.17) $ (0.13)
Diluted (in dollars per share) $ (0.11) $ (0.04) $ (0.17) $ (0.13)
Weighted average shares used in computing net loss per share        
Basic (in shares) 76,564 77,280 76,772 77,075
Diluted (in shares) 76,564 77,280 76,772 77,075