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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Revenues $ 373,479 $ 323,325 $ 689,498 $ 613,001
Operating expenses        
Cost of revenue [1] 203,238 181,343 394,345 359,897
Research and development 35,410 35,265 70,403 72,383
Selling and marketing 28,551 33,289 55,301 68,724
General and administrative 24,993 31,472 50,993 62,854
Depreciation and amortization 27,586 31,436 55,195 62,975
Total operating expenses 319,778 312,805 626,237 626,833
Operating income (loss) 53,701 10,520 63,261 (13,832)
Other income (expense)        
Interest expense (18,471) (19,909) (37,481) (38,801)
Interest income 3,953 3,458 7,962 6,963
Other, net 1,156 (4,092) (869) (7,487)
Total other income (expense) (13,362) (20,543) (30,388) (39,325)
Income (loss) before income taxes 40,339 (10,023) 32,873 (53,157)
Income tax expense (benefit) 9,452 (3,313) 9,737 (14,139)
Net income (loss) $ 30,887 $ (6,710) $ 23,136 $ (39,018)
Income (loss) per common share        
Basic (in dollars per share) $ 0.29 $ (0.06) $ 0.22 $ (0.36)
Diluted (in dollars per share) $ 0.29 $ (0.06) $ 0.22 $ (0.36)
Weighted average common shares outstanding        
Basic (in shares) 105,395 108,455 106,097 108,306
Diluted (in shares) 106,166 108,455 106,815 108,306
Software as a service and platform as a service        
Revenues        
Revenues $ 235,399 $ 209,676 $ 451,131 $ 414,606
License        
Revenues        
Revenues 65,582 44,671 95,555 63,002
Maintenance        
Revenues        
Revenues 48,733 51,391 96,487 101,494
Services        
Revenues        
Revenues $ 23,765 $ 17,587 $ 46,325 $ 33,899
[1] The cost of revenue excludes charges for depreciation and amortization.