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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue:        
Revenue from contract with customers $ 150,898 $ 141,206 $ 293,570 $ 274,858
Cost of revenue:        
Total cost of revenue 71,416 72,787 140,607 143,522
Gross profit 79,482 68,419 152,963 131,336
Selling, general and administrative expenses 59,847 28,124 101,165 60,288
Research and development 22,750 20,942 46,170 41,602
Asset impairment charges 0 172 0 172
Amortization of intangible and acquisition-related assets 2,241 2,363 4,412 4,727
(Loss) Income from operations (5,356) 16,818 1,216 24,547
Interest expense (1,887) (2,949) (4,023) (6,092)
Other income, net 2,133 16,528 2,145 17,326
Equity in net loss of unconsolidated investments (207) (86) (605) (64)
(Loss) income from continuing operations before income taxes (5,317) 30,311 (1,267) 35,717
Income tax benefit (provision) (8,579) 4,168 (23,000) 5,274
Income from continuing operations, net of tax 3,262 26,143 21,733 30,443
Loss from discontinued operations (3,797) (6,178) (8,818) (358)
Gain on sale of discontinued operations 2,765 0 2,765 647
Income tax effect on discontinued operations (66,256) 1,961 (56,849) 251
(Loss) income from discontinued operations, net of tax (67,288) (4,217) (62,902) 540
Net (loss) income $ (64,026) $ 21,926 $ (41,169) $ 30,983
Basic        
Continuing operations $ 0.03 $ 0.19 $ 0.19 $ 0.22
Discontinued operations (0.59) (0.03) (0.55) 0.00
Net (loss) earnings per Common Share - Basic (0.56) 0.16 (0.36) 0.22
Diluted        
Continuing operations 0.03 0.18 0.17 0.21
Discontinued operations (0.57) (0.03) (0.46) 0.00
Net (loss) earnings per Common Share - Diluted $ (0.54) $ 0.15 $ (0.29) $ 0.21
Provider [Member]        
Revenue:        
Revenue from contract with customers $ 118,939 $ 115,904 $ 237,604 $ 227,074
Cost of revenue:        
Total cost of revenue 58,326 60,094 115,343 118,960
Payer & Life Sciences [Member]        
Revenue:        
Revenue from contract with customers 31,959 25,302 55,966 47,784
Cost of revenue:        
Total cost of revenue $ 13,090 $ 12,693 $ 25,264 $ 24,562