XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Total revenues $ 287,889 $ 273,174 $ 568,512 $ 527,843
Cost of revenues (1) 47,749 43,159 95,894 83,969
Gross profit 240,140 230,015 472,618 443,874
Operating expenses:        
Sales and marketing (1) 83,171 80,862 169,482 158,339
Research, development and engineering (1) 11,252 11,555 23,462 23,307
General and administrative (1) 91,334 79,038 179,133 155,693
Total operating expenses 185,757 171,455 372,077 337,339
Income from operations 54,383 58,560 100,541 106,535
Interest (income) expense, net 15,502 13,670 31,254 26,079
Other expense, net 394 4,227 4,912 4,551
Income before income taxes and net loss in earnings of equity method investment 38,487 40,663 64,375 75,905
Income tax expense 7,037 9,287 14,055 18,709
Income (Loss) from Equity Method Investments 2,971 0 2,971 0
Net income $ 28,479 $ 31,376 $ 47,349 $ 57,196
Net income per common share:        
Basic $ 0.59 $ 0.65 $ 0.98 $ 1.19
Diluted $ 0.57 $ 0.63 $ 0.95 $ 1.16
Weighted average shares outstanding:        
Basic 47,951,326 47,547,118 47,912,383 47,505,406
Diluted 49,218,521 48,948,315 48,962,835 48,857,405
Cash dividends paid per common share $ 0.4150 $ 0.3750 $ 0.8200 $ 0.7400
Allocated Share-based Compensation Expense $ 7,067 $ 5,562 $ 13,487 $ 9,177
Cost of Sales [Member]        
Allocated Share-based Compensation Expense 129 121 250 238
Selling and Marketing Expense [Member]        
Allocated Share-based Compensation Expense 467 521 832 899
Research and Development Expense [Member]        
Allocated Share-based Compensation Expense 355 281 788 518
General and Administrative Expense [Member]        
Allocated Share-based Compensation Expense $ 6,116 $ 4,639 $ 11,617 $ 7,522