XML 26 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Revenue $ 90,332 $ 52,000 $ 145,398 $ 101,513
Operating costs and expenses:        
Sales and marketing 8,089 9,060 15,803 16,900
Product development and content 57,627 30,151 95,298 61,273
General and administrative 6,663 5,892 11,693 10,820
Depreciation and amortization 2,689 3,430 5,509 6,628
Acquisition, restructuring and other 1,335 25 4,705 504
Total operating costs and expenses 76,403 48,558 133,008 96,125
Income from operations 13,929 3,442 12,390 5,388
Other income (expense):        
Interest income 7 28 20 60
Interest expense (554) (328) (950) (731)
Gain (loss) on foreign currency transactions 3 (2) (4) (68)
Loss on disposal of assets 0 0 (108) 0
Other items of (expense) income, net 0 (1) 2 3
Total other expense (544) (303) (1,040) (736)
Income before income tax expense 13,385 3,139 11,350 4,652
Income tax expense (3,006) (935) (3,379) (1,190)
Net income $ 10,379 $ 2,204 $ 7,971 $ 3,462
Basic and diluted net income per share:        
Basic net income per share (in dollars per share) $ 0.14 $ 0.03 $ 0.11 $ 0.05
Diluted net income per share (in dollars per share) $ 0.14 $ 0.03 $ 0.10 $ 0.04
Weighted-average shares outstanding:        
Basic (in shares) 72,030,143 75,648,621 71,516,532 75,250,562
Diluted (in shares) 76,225,180 78,508,559 76,073,893 78,656,115
Comprehensive income:        
Net income $ 10,379 $ 2,204 $ 7,971 $ 3,462
Other comprehensive income:        
Reclassification of loss (gain) on derivatives, net of tax of $227, $106, $46 and $240, respectively 813 232 216 (544)
Unrealized (loss) gain on derivatives, net of tax of $183, $50, $272 and $336, respectively (401) (131) 421 697
Foreign currency translation adjustment 436 263 29 (58)
Other comprehensive income 848 364 666 95
Comprehensive income $ 11,227 $ 2,568 $ 8,637 $ 3,557