v3.3.1.900
Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
 
 
Three Months Ended
 
 
Mar. 31,
2014
 
Jun. 30,
2014
 
Sep. 30, 2014
 
Dec. 31, 2014
 
Mar. 31,
2015
 
Jun. 30,
2015
 
Sep. 30, 2015
 
Dec. 31, 2015
 
 
(unaudited)
 
 
(in thousands, except per share data)
Revenues
 
$
30,356

 
$
32,302

 
$
34,348

 
$
36,573

 
$
37,493

 
$
39,877

 
$
42,469

 
$
44,445

Cost of revenues
 
6,846

 
7,175

 
7,421

 
7,521

 
7,964

 
8,157

 
8,762

 
9,002

Gross profit
 
23,510

 
25,127

 
26,927

 
29,052

 
29,529

 
31,720

 
33,707

 
35,443

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Research and development
 
6,404

 
6,411

 
6,490

 
7,015

 
7,150

 
7,205

 
7,564

 
7,532

Sales and marketing
 
12,492

 
11,845

 
11,774

 
11,938

 
11,443

 
12,776

 
12,282

 
13,068

General and administrative
 
4,875

 
5,081

 
5,156

 
5,888

 
6,016

 
6,427

 
6,983

 
7,147

Total operating expenses
 
23,771

 
23,337

 
23,420

 
24,841

 
24,609

 
26,408

 
26,829

 
27,747

Income (loss) from operations
 
(261
)
 
1,790

 
3,507

 
4,211

 
4,920

 
5,312

 
6,878

 
7,696

Other income (expense), net
 
12

 
41

 
(119
)
 
(568
)
 
(77
)
 
128

 
(154
)
 
(183
)
Income (loss) before income taxes
 
(249
)
 
1,831

 
3,388

 
3,643

 
4,843

 
5,440

 
6,724

 
7,513

Provision for (benefit from) income taxes(1)
 
182

 
174

 
283

 
(22,270
)
 
1,841

 
2,124

 
2,601

 
2,089

Net income (loss)
 
$
(431
)
 
$
1,657

 
$
3,105

 
$
25,913

 
$
3,002

 
$
3,316

 
$
4,123

 
$
5,424

Net income (loss) per share:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.01
)
 
$
0.05

 
$
0.09

 
$
0.77

 
$
0.09

 
$
0.10

 
$
0.12

 
$
0.16

Diluted
 
$
(0.01
)
 
$
0.04

 
$
0.08

 
$
0.69

 
$
0.08

 
$
0.09

 
$
0.11

 
$
0.14


(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.