XML 56 R4.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements Of Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues:    
Revenues $ 332,393 $ 299,893
Cost of Revenue 59,131 51,013
Gross profit 273,262 248,880
Operating expenses:    
Sales and marketing (1) 99,438 86,880
Research, development and engineering (1) 15,406 12,984
General and administrative (1) 103,171 98,154
Total operating expenses 218,015 198,018
Income from operations 55,247 50,862
Interest expense, net 20,971 16,019
Gain (Loss) on Investments (20,832) (13)
Other expense, net 6,876 2,202
Income before income taxes and net loss in earnings of equity method investment 6,568 32,628
Income tax expense (benefit) 8,703 (295)
Net loss in earnings of equity method investment 4,269 474
Net (loss) income $ (6,404) $ 32,449
Net income per common share:    
Basic $ (0.13) $ 0.67
Diluted EPS impact $ (0.13) $ 0.66
Weighted average shares outstanding:    
Basic 47,620,774 47,560,749
Diluted 47,620,774 48,509,181
Share-based Payment Arrangement, Expense $ 6,313 $ 5,086
Cost of Sales [Member]    
Share-based Payment Arrangement, Expense 134 132
Selling and Marketing Expense [Member]    
Share-based Payment Arrangement, Expense 398 404
Research and Development Expense [Member]    
Share-based Payment Arrangement, Expense 431 358
General and Administrative Expense [Member]    
Share-based Payment Arrangement, Expense $ 5,350 $ 4,192