Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.8.0.1
Consolidated Statements of Operations - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
On demand $ 642,622 $ 542,531 $ 450,962
On premise 2,644 2,836 2,970
Professional and other 25,697 22,761 14,588
Total revenue 670,963 568,128 468,520
Cost of revenue 273,447 242,301 198,613
Gross profit 397,516 325,827 269,907
Operating expenses:      
Product development 89,452 73,607 68,799
Sales and marketing 165,079 135,213 123,108
General and administrative 112,975 85,013 68,814
Impairment of identified intangible assets 0 750 20,801
Total operating expenses 367,506 294,583 281,522
Operating income (loss) 30,010 31,244 (11,615)
Interest expense and other, net (14,769) (3,758) (1,449)
Income (loss) before income taxes 15,241 27,486 (13,064)
Income tax expense (benefit) 14,864 10,836 (3,846)
Net income (loss) $ 377 $ 16,650 $ (9,218)
Net income (loss) per share attributable to common stockholders:      
Basic (in dollars per share) $ 0.00 $ 0.22 $ (0.12)
Diluted (in dollars per share) $ 0.00 $ 0.21 $ (0.12)
Weighted average shares used in computing net income (loss) per share attributable to common stockholders:      
Basic (in shares) 79,433 76,854 76,689
Diluted (in shares) 82,398 77,843 76,689