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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Total revenues $ 429,044 $ 330,984 $ 827,228 $ 663,377
Cost of revenues 63,337 56,802 121,160 115,933
Gross profit 365,707 274,182 706,068 547,444
Operating expenses:        
Sales and marketing 134,103 92,805 255,288 192,243
Research, development and engineering 19,644 13,606 40,995 29,012
General and administrative 117,676 94,731 237,021 197,902
Total operating expenses 271,423 201,142 533,304 419,157
Income from operations 94,284 73,040 172,764 128,287
Interest expense, net (21,403) (22,196) (42,970) (43,167)
Gain on sale of businesses 823 0 2,802 0
Goodwill impairment on business (32,629) 0 (32,629) 0
Loss on investments, net (16,677) (3) (16,677) (20,835)
Other income (expense), net (777) 9,059 (293) 2,183
Income before income taxes and income (loss) from equity method investment, net 23,621 59,900 82,997 66,468
Income tax expense 2,152 15,978 7,876 24,681
Income (loss) from equity method investment, net 5,752 5,821 (18,519) 10,090
Net income $ 15,717 $ 38,101 $ 93,640 $ 31,697
Net income per common share:        
Basic (in usd per share) $ 0.35 $ 0.81 $ 2.10 $ 0.67
Diluted (in usd per share) $ 0.33 $ 0.80 $ 1.98 $ 0.65
Weighted average shares outstanding:        
Basic (in shares) 44,613,533 46,850,944 44,506,933 47,235,859
Diluted (in shares) 47,528,902 47,437,555 47,130,979 48,279,417
Share-based compensation expense $ 6,251 $ 6,530 $ 12,363 $ 12,843
Cost of revenues        
Weighted average shares outstanding:        
Share-based compensation expense 117 143 249 277
Sales and marketing        
Weighted average shares outstanding:        
Share-based compensation expense 371 416 732 814
Research, development and engineering        
Weighted average shares outstanding:        
Share-based compensation expense 557 484 1,077 915
General and administrative        
Weighted average shares outstanding:        
Share-based compensation expense $ 5,206 $ 5,487 $ 10,305 $ 10,837