QUARTERLY RESULTS (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2022

Quarterly Financial Information Disclosure [Abstract]

Schedule of quarterly financial information

In the opinion of management, all necessary adjustments, consisting only of normal recurring adjustments, have been included to present fairly the unaudited consolidated quarterly results when read in conjunction with the Company's audited consolidated financial statements and related notes.


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Year ended December 31, 2022
Revenue	$	173,198	$	205,796	$	207,127	$	233,639
Cost of revenue	95,143		101,246		102,809		119,626
Gross profit	$	78,055	$	104,550	$	104,318	$	114,013
(Loss) income from operations	$	(39,054)	$	(7,239)	$	(3,296)	$	1,265
Net (loss) income	$	(69,975)	$	(30,180)	$	(18,416)	$	20,488
(Loss) earnings per share (2):
Basic	$	(0.47)	$	(0.20)	$	(0.12)	$	0.12
Diluted	$	(0.47)	$	(0.20)	$	(0.12)	$	0.12
Shares used in computing (loss) earnings per share:
Basic	149,167		150,190		158,921		168,163
Diluted	149,167		150,190		158,921		172,213


	First Quarter		Second Quarter		Third Quarter		Fourth Quarter
	(In thousands, except per share data)
Year ended December 31, 2021
Revenue	$	192,772	$	211,210	$	210,398	$	230,577
Cost of revenue (1)	92,286		92,483		99,744		115,784
Gross profit (1)	$	100,486	$	118,727	$	110,654	$	114,793
Loss (income) from operations	$	(12,604)	$	12,952	$	1,992	$	(120,136)
Net (loss) income	$	(44,687)	$	23,241	$	(59,431)	$	(96,308)
Loss (earnings) per share (2):
Basic	$	(0.31)	$	0.16	$	(0.40)	$	(0.65)
Diluted	$	(0.31)	$	0.15	$	(0.40)	$	(0.65)
Shares used in computing loss (earnings) per share:
Basic	145,936		147,467		148,184		148,675
Diluted	145,936		154,160		148,184		148,675

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(1)Reflects the increases to Cost of revenue arising from the reclassification of amortization of acquired technology from amortization of acquired intangible assets within operating expenses in 2021 of $10.1 million in the first quarter, $9.7 million in the second quarter and $9.7 million in the third quarter. See Note 2 for a discussion of the reclassification.

(2)(Loss) earnings per share is calculated independently for each of the quarters presented; accordingly, the sum of the quarterly (loss) earnings per share amounts may not equal the total calculated for the year.