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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Revenues $ 306,591 $ 316,914 $ 970,096 $ 903,769
Operating expenses        
Cost of revenue [1] 171,753 158,712 517,372 476,811
Research and development 35,899 35,248 114,348 104,791
Selling and marketing 32,794 33,413 102,793 90,211
General and administrative 30,516 29,717 84,753 89,429
Depreciation and amortization 32,140 31,845 95,218 95,434
Total operating expenses 303,102 288,935 914,484 856,676
Operating income 3,489 27,979 55,612 47,093
Other income (expense)        
Interest expense (14,336) (11,208) (37,014) (33,943)
Interest income 2,995 2,834 9,205 8,553
Other, net 41,545 (1,088) 45,801 (1,036)
Total other income (expense) 30,204 (9,462) 17,992 (26,426)
Income before income taxes 33,693 18,517 73,604 20,667
Income tax expense 10,576 4,753 21,655 2,347
Net income $ 23,117 $ 13,764 $ 51,949 $ 18,320
Income per common share        
Basic (in dollars per share) $ 0.20 $ 0.12 $ 0.45 $ 0.16
Diluted (in dollars per share) $ 0.20 $ 0.12 $ 0.45 $ 0.15
Weighted average common shares outstanding        
Basic (in shares) 113,812 117,512 114,584 117,574
Diluted (in shares) 114,348 118,540 115,211 118,817
Software as a service and platform as a service        
Revenues        
Revenues $ 195,540 $ 191,456 $ 597,080 $ 583,530
License        
Revenues        
Revenues 43,661 54,454 168,260 110,383
Maintenance        
Revenues        
Revenues 49,163 53,519 151,143 159,037
Services        
Revenues        
Revenues $ 18,227 $ 17,485 $ 53,613 $ 50,819
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.