Quarterly Financial Results (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Unaudited Quarterly Financial Information

The following table presents certain unaudited quarterly financial information for the eight quarters in the period ended December 31, 2019. This information has been prepared on the same basis as the audited financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary to present fairly the unaudited quarterly results of operations set forth herein.

	Fourth Quarter		Third Quarter		Second Quarter		First Quarter
Year ended December 31, 2019
Revenue	$	158,153	$	150,462	$	145,031	$	135,270
Cost of revenue		10,560		9,392		8,628		7,720
Gross profit		147,593		141,070		136,403		127,550
Income from operations		13,635		9,704		3,548		7,435
Net income		13,171		10,384		6,007		12,584
Basic net income per share⁽¹⁾	$	0.12	$	0.09	$	0.05	$	0.11
Diluted net income per share ⁽¹⁾	$	0.12	$	0.09	$	0.05	$	0.11
Year Ended December 31, 2018
Revenue	$	126,090	$	119,125	$	110,296	$	98,575
Cost of revenue		6,871		6,412		5,959		5,569
Gross profit		119,219		112,713		104,337		93,006
Income from operations		6,902		5,877		3,953		6,459
Net income		12,450		13,882		33,343		5,495
Basic net income per share⁽¹⁾	$	0.11	$	0.13	$	0.31	$	0.05
Diluted net income per share ⁽¹⁾	$	0.11	$	0.12	$	0.29	$	0.05

(1)	The amounts were computed independently for each quarter, and the sum of the quarters may not total the annual amounts.