Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Total revenue $ 224,953 $ 169,058 $ 642,506 $ 483,283
Amortization of product technologies 8,946 5,497 26,368 14,750
Amortization of product technologies 9,738 3,838 26,323 10,601
Gross profit 130,467 97,767 375,819 279,533
Operating expenses:        
Product development 28,942 21,885 88,753 63,562
Sales and marketing 43,179 36,802 121,523 102,548
General and administrative 30,036 31,004 85,570 82,625
Amortization of intangible assets 9,738 3,838 26,323 10,601
Total operating expenses 111,895 93,529 322,169 259,336
Operating income 18,572 4,238 53,650 20,197
Interest expense and other, net (8,816) (4,677) (25,004) (8,549)
Income (loss) before income taxes 9,756 (439) 28,646 11,648
Income tax expense (benefit) 683 (7,273) 193 (9,594)
Net income $ 9,073 $ 6,834 $ 28,453 $ 21,242
Net income per share attributable to common stockholders:        
Basic (in dollars per share) $ 0.10 $ 0.09 $ 0.33 $ 0.27
Diluted (in dollars per share) $ 0.09 $ 0.08 $ 0.31 $ 0.26
Weighted average common shares outstanding:        
Basic (in shares) 91,222 79,838 85,874 79,045
Diluted (in shares) 96,590 82,760 90,451 82,051
On demand        
Revenue        
Total revenue $ 215,413 $ 161,578 $ 615,658 $ 462,518
Professional and other        
Revenue        
Total revenue 9,540 7,480 26,848 20,765
Service        
Revenue        
Total revenue 224,953 169,058 642,506 483,283
Cost of revenue $ 85,540 $ 65,794 $ 240,319 $ 189,000