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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Revenues $ 340,425 $ 301,669 $ 663,505 $ 586,855
Operating expenses        
Cost of revenue [1] 179,333 158,614 345,619 318,099
Research and development 40,642 35,029 78,449 69,543
Selling and marketing 35,391 28,660 69,999 56,798
General and administrative 28,362 31,937 54,237 59,712
Depreciation and amortization 32,240 32,005 63,078 63,589
Total operating expenses 315,968 286,245 611,382 567,741
Operating income 24,457 15,424 52,123 19,114
Other income (expense)        
Interest expense (11,784) (11,260) (22,678) (22,735)
Interest income 3,051 2,865 6,210 5,719
Other, net 2,006 1,434 4,256 52
Total other income (expense) (6,727) (6,961) (12,212) (16,964)
Income before income taxes 17,730 8,463 39,911 2,150
Income tax expense (benefit) 4,388 1,962 11,079 (2,406)
Net income $ 13,342 $ 6,501 $ 28,832 $ 4,556
Income per common share        
Basic (in dollars per share) $ 0.12 $ 0.06 $ 0.25 $ 0.04
Diluted (in dollars per share) $ 0.12 $ 0.05 $ 0.25 $ 0.04
Weighted average common shares outstanding        
Basic (in shares) 114,669 117,718 114,976 117,605
Diluted (in shares) 115,205 119,010 115,649 118,958
Software as a service and platform as a service        
Revenues        
Revenues $ 206,978 $ 196,328 $ 401,540 $ 392,074
License        
Revenues        
Revenues 64,314 34,727 124,599 55,929
Maintenance        
Revenues        
Revenues 50,562 53,155 101,980 105,518
Services        
Revenues        
Revenues $ 18,571 $ 17,459 $ 35,386 $ 33,334
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.