Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Total revenue $ 216,252 $ 161,306 $ 417,553 $ 314,225
Gross profit 130,511 93,762 255,152 183,639
Operating expenses:        
Product development 30,771 21,290 59,811 41,677
Sales and marketing 54,488 39,235 104,729 74,382
General and administrative 28,444 27,370 55,534 51,621
Total operating expenses 113,703 87,895 220,074 167,680
Operating income 16,808 5,867 35,078 15,959
Interest expense and other, net (8,518) (2,786) (16,188) (3,872)
Income before income taxes 8,290 3,081 18,890 12,087
Income tax benefit (189) (3,132) (490) (2,321)
Net income $ 8,479 $ 6,213 $ 19,380 $ 14,408
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.10 $ 0.08 $ 0.23 $ 0.18
Diluted (in dollars per share) $ 0.09 $ 0.08 $ 0.22 $ 0.18
Weighted average shares used in computing net income per share attributable to common stockholders:        
Basic (in shares) 85,124 79,018 83,156 78,642
Diluted (in shares) 90,005 81,925 87,332 81,644
On demand        
Revenue        
Total revenue $ 206,945 $ 154,727 $ 400,245 $ 300,940
Professional and other        
Revenue        
Total revenue 9,307 6,579 17,308 13,285
Service        
Revenue        
Total revenue 216,252 161,306 417,553 314,225
Cost of revenue $ 85,741 $ 67,544 $ 162,401 $ 130,586