v2.4.1.9
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Three Months Ended
 
 
Mar. 31,
2013
 
Jun. 30,
2013
 
Sep. 30, 2013
 
Dec. 31, 2013
 
Mar. 31,
2014
 
Jun. 30,
2014
 
Sep. 30, 2014
 
Dec. 31, 2014
 
 
(unaudited)
 
 
(in thousands, except per share data)
Revenues
 
$
24,883

 
$
26,291

 
$
27,749

 
$
29,039

 
$
30,356

 
$
32,302

 
$
34,348

 
$
36,573

Cost of revenues
 
5,795

 
5,924

 
6,415

 
6,526

 
6,846

 
7,175

 
7,421

 
7,521

Gross profit
 
19,088

 
20,367

 
21,334

 
22,513

 
23,510

 
25,127

 
26,927

 
29,052

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
5,297

 
5,291

 
5,151

 
5,939

 
6,404

 
6,411

 
6,490

 
7,015

Sales and marketing
 
10,168

 
10,160

 
10,411

 
11,784

 
12,492

 
11,845

 
11,774

 
11,938

General and administrative
 
3,896

 
4,053

 
4,277

 
4,566

 
4,875

 
5,081

 
5,156

 
5,888

Total operating expenses
 
19,361

 
19,504

 
19,839

 
22,289

 
23,771

 
23,337

 
23,420

 
24,841

Income (loss) from operations
 
(273
)
 
863

 
1,495

 
224

 
(261
)
 
1,790

 
3,507

 
4,211

Other income (expense), net(2)
 
(270
)
 
51

 
12

 
(61
)
 
12

 
41

 
(119
)
 
(568
)
Income (loss) before income taxes (2)
 
(543
)
 
914

 
1,507

 
163

 
(249
)
 
1,831

 
3,388

 
3,643

Provision for (benefit from) income taxes(1)
 
70

 
92

 
210

 
128

 
182

 
174

 
283

 
(22,270
)
Net income (loss) (2)
 
$
(613
)
 
$
822

 
$
1,297

 
$
35

 
$
(431
)
 
$
1,657

 
$
3,105

 
$
25,913

Net income (loss) attributable to common stockholders
 
$
(613
)
 
$
821

 
$
1,295

 
$
35

 
$
(431
)
 
$
1,657

 
$
3,105

 
$
25,913

Net income (loss) per share attributable to common stockholders:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (2)
 
$
(0.02
)
 
$
0.03

 
$
0.04

 
$
0.00

 
$
(0.01
)
 
$
0.05

 
$
0.09

 
$
0.77

Diluted (2)
 
$
(0.02
)
 
$
0.02

 
$
0.04

 
$
0.00

 
$
(0.01
)
 
$
0.04

 
$
0.08

 
$
0.69


(1) Provision for income taxes consists primarily of taxes on income in foreign jurisdictions and state income taxes in the U.S. In the fourth quarter of 2014, the Company recorded a tax benefit of $23.7 million to recognize its U.S. federal and certain state deferred tax assets.
(2) Other income (expense), income (loss) before income taxes, net income (loss), net income (loss) attributable to common stockholders and net income (loss) per share have been adjusted for an immaterial error as further described in Note 1 to the consolidated financial statements.