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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Total revenues $ 202,997 $ 186,588 $ 581,977 $ 533,732
Cost of revenues:        
Total cost of revenues 42,628 35,051 116,592 104,249
Gross profit 160,369 151,537 465,385 429,483
Operating expenses:        
Research and development 50,217 44,756 139,570 136,617
Selling and marketing 41,824 36,721 107,551 111,889
General and administrative 33,006 25,108 85,275 71,415
Amortization of purchased intangibles 3,869 3,550 10,984 10,402
Expenses associated with initial public offering 26,130 0 26,130 0
Total operating expenses 155,046 110,135 369,510 330,323
Income from operations 5,323 41,402 95,875 99,160
Interest expense, net (1,934) (2,029) (4,450) (6,503)
Other income (expense), net 13,741 (12,306) 6,756 (14,053)
Income before income taxes 17,130 27,067 98,181 78,604
Provision for income taxes (10,705) (6,640) (22,145) (11,759)
Loss from investment accounted for using the equity method, net of tax (581) 0 (1,447) 0
Net income 5,844 20,427 74,589 66,845
Less: Net income attributable to participating securities (4) (10) (4) (10)
Net income attributable to Class A and Class B common stockholders $ 5,840 $ 20,417 $ 74,585 $ 66,835
Per share information:        
Net income per share, basic (USD per share) $ 0.02 $ 0.07 $ 0.26 $ 0.23
Net income per share, diluted (USD per share) $ 0.02 $ 0.07 $ 0.25 $ 0.23
Weighted average shares outstanding, basic (in shares) 289,318,391 286,075,323 287,063,892 286,024,263
Weighted average shares outstanding, diluted (in shares) 299,634,961 289,629,555 297,251,349 294,586,354
Subscriptions and licenses        
Revenues:        
Total revenues $ 186,001 $ 168,978 $ 537,031 $ 483,593
Cost of revenues:        
Total cost of revenues 23,338 17,370 66,466 48,201
Subscriptions        
Revenues:        
Total revenues 173,174 155,191 501,011 445,338
Perpetual licenses        
Revenues:        
Total revenues 12,827 13,787 36,020 38,255
Services        
Revenues:        
Total revenues 16,996 17,610 44,946 50,139
Cost of revenues:        
Total cost of revenues $ 19,290 $ 17,681 $ 50,126 $ 56,048