Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue:        
On demand $ 161,578 $ 140,883 $ 462,518 $ 400,904
On premise 648 682 1,982 2,141
Professional and other 6,832 6,390 18,783 16,012
Total revenue 169,058 147,955 483,283 419,057
Cost of revenue 69,348 64,111 199,934 180,937
Gross profit 99,710 83,844 283,349 238,120
Operating expenses:        
Product development 21,885 18,743 63,562 54,893
Sales and marketing 42,583 33,860 116,965 101,188
General and administrative 31,004 21,677 82,625 61,955
Impairment of identified intangible assets 0 750 0 750
Total operating expenses 95,472 75,030 263,152 218,786
Operating income 4,238 8,814 20,197 19,334
Interest expense and other, net (4,677) (1,064) (8,549) (2,846)
(Loss) income before income taxes (439) 7,750 11,648 16,488
Income tax (benefit) expense (7,273) 3,540 (9,594) 7,199
Net income $ 6,834 $ 4,210 $ 21,242 $ 9,289
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.09 $ 0.05 $ 0.27 $ 0.12
Diluted (in dollars per share) $ 0.08 $ 0.05 $ 0.26 $ 0.12
Weighted average shares used in computing net income per share attributable to common stockholders:        
Basic (in shares) 79,838 76,823 79,045 76,615
Diluted (in shares) 82,760 78,124 82,051 77,525