Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.6.0.2
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Revenue:      
On demand $ 542,531 $ 450,962 $ 390,622
On premise 2,836 2,970 3,094
Professional and other 22,761 14,588 10,835
Total revenue 568,128 468,520 404,551
Cost of revenue 242,301 198,613 174,871
Gross profit 325,827 269,907 229,680
Operating expenses:      
Product development 73,607 68,799 64,418
Sales and marketing 135,213 123,108 111,563
General and administrative 85,013 68,814 69,202
Impairment of identified intangible assets 750 20,801 0
Total operating expenses 294,583 281,522 245,183
Operating income (loss) 31,244 (11,615) (15,503)
Interest expense and other, net (3,758) (1,449) (1,104)
Income (loss) before income taxes 27,486 (13,064) (16,607)
Income tax expense (benefit) 10,836 (3,846) (6,333)
Net income (loss) $ 16,650 $ (9,218) $ (10,274)
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ 0.22 $ (0.12) $ (0.13)
Diluted (in dollars per share) $ 0.21 $ (0.12) $ (0.13)
Weighted average shares used in computing net income (loss) per share attributable to common stockholders:      
Basic (in shares) 76,854 76,689 76,991
Diluted (in shares) 77,843 76,689 76,991