XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Income Statement [Abstract]    
Net revenues $ 301,754 $ 205,545
Cost of revenues 178,805 124,870
Gross profit 122,949 80,675
Operating expenses:    
Research and development 21,818 11,876
Sales and marketing 19,622 11,772
General and administrative 20,123 12,315
Total operating expenses 61,563 35,963
Income from operations 61,386 44,712
Other income (expense), net    
Interest income 73 1,091
Interest expense (7,329) (3,155)
Other (expense) income, net 573 (924)
Loss on partial repurchase of convertible notes 56,369 0
Change in fair value of derivatives 0 15,344
Total other income (expense), net (63,052) 12,356
Income (loss) before income taxes (1,666) 57,068
Income tax benefit 33,364 11,868
Net income $ 31,698 $ 68,936
Net income per share:    
Basic (in USD per share) $ 0.24 $ 0.56
Diluted (in USD per share) $ 0.22 $ 0.50
Shares used in per share calculation:    
Basic (in shares) 131,303 123,531
Diluted (in shares) 146,442 138,104