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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Data

The following tables contain unaudited Statement of Operations information for each quarter of 2019 and 2018. During the second quarter of 2019, the Company recorded a gain of $29.8 million and an associated discrete tax provision of $8.1 million related to the Domain Name Sale.  In the third quarter of 2018, the Company estimated and recorded a measurement-period adjustment to reduce the Transition Tax by $3.1 million.  

 

 

 

Quarter Ended

 

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Year

 

 

 

(in thousands, except per share data)

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

115,366

 

 

$

117,737

 

 

$

119,693

 

 

$

133,531

 

 

$

486,327

 

Gross profit

 

$

89,193

 

 

$

92,387

 

 

$

95,878

 

 

$

108,895

 

 

$

386,353

 

Net income (loss)

 

$

(7,906

)

 

$

20,394

 

 

$

9,700

 

 

$

12,167

 

 

$

34,355

 

Earnings (loss) per share:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

(0.77

)

 

$

1.99

 

 

$

0.95

 

 

$

1.19

 

 

$

3.35

 

Diluted

 

$

(0.77

)

 

$

1.98

 

 

$

0.94

 

 

$

1.18

 

 

$

3.33

 

 

 

 

Quarter Ended

 

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

 

Year

 

 

 

(in thousands, except per share data)

 

2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenues

 

$

122,967

 

 

$

120,602

 

 

$

122,152

 

 

$

131,917

 

 

$

497,638

 

Gross profit

 

$

97,782

 

 

$

95,562

 

 

$

98,763

 

 

$

106,032

 

 

$

398,139

 

Net income

 

$

1,673

 

 

$

4,828

 

 

$

12,699

 

 

$

3,301

 

 

$

22,501

 

Earnings per share:(1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

$

0.15

 

 

$

0.42

 

 

$

1.11

 

 

$

0.30

 

 

$

1.98

 

Diluted

 

$

0.15

 

 

$

0.42

 

 

$

1.10

 

 

$

0.30

 

 

$

1.97

 

 

(1)

The sum of the basic and diluted earnings (loss) per share for the four quarters may differ from annual earnings per share as the weighted average shares outstanding are computed independently for each of the quarters presented.