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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Revenues $ 323,325 $ 340,425 $ 613,001 $ 663,505
Operating expenses        
Cost of revenue [1] 181,343 179,333 359,897 345,619
Research and development 35,265 40,642 72,383 78,449
Selling and marketing 33,289 35,391 68,724 69,999
General and administrative 31,472 28,362 62,854 54,237
Depreciation and amortization 31,436 32,240 62,975 63,078
Total operating expenses 312,805 315,968 626,833 611,382
Operating income (loss) 10,520 24,457 (13,832) 52,123
Other income (expense)        
Interest expense (19,909) (11,784) (38,801) (22,678)
Interest income 3,458 3,051 6,963 6,210
Other, net (4,092) 2,006 (7,487) 4,256
Total other income (expense) (20,543) (6,727) (39,325) (12,212)
Income (loss) before income taxes (10,023) 17,730 (53,157) 39,911
Income tax expense (benefit) (3,313) 4,388 (14,139) 11,079
Net income (loss) $ (6,710) $ 13,342 $ (39,018) $ 28,832
Income (loss) per common share        
Basic (in dollars per share) $ (0.06) $ 0.12 $ (0.36) $ 0.25
Diluted (in dollars per share) $ (0.06) $ 0.12 $ (0.36) $ 0.25
Weighted average common shares outstanding        
Basic (in shares) 108,455 114,669 108,306 114,976
Diluted (in shares) 108,455 115,205 108,306 115,649
Software as a service and platform as a service        
Revenues        
Revenues $ 209,676 $ 206,978 $ 414,606 $ 401,540
License        
Revenues        
Revenues 44,671 64,314 63,002 124,599
Maintenance        
Revenues        
Revenues 51,391 50,562 101,494 101,980
Services        
Revenues        
Revenues $ 17,587 $ 18,571 $ 33,899 $ 35,386
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.