Quarterly Financial Information (Unaudited)

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Information (Unaudited)

The following tables summarize quarterly financial data for 2020 and 2019. The Company's results of operations vary and may continue to fluctuate significantly from quarter to quarter. The results of operations in any period should not necessarily be considered indicative of the results to be expected from any future period.

CONSOLIDATED STATEMENTS OF OPERATIONS

(Unaudited)

(In thousands, except share and per share data)


	2020
	First		Second		Third		Fourth
Revenues	$	89,528	$	88,566	$	87,952	$	89,990
Cost of revenues (1)	45,798		44,949		46,466		43,499
Gross profit	43,730		43,617		41,486		46,491
Selling and marketing (1)	19,213		16,007		17,131		17,869
Research and development (1)	10,136		9,765		9,501		9,304
General and administrative (1)	15,543		13,741		12,136		14,363
Amortization of intangible assets	6,918		6,846		6,750		6,705
Impairment of right-of-use and long-lived assets	4,671		—		—		—




Total expenses from operations	56,481		46,359		45,518		48,241
Loss from operations	(12,751)		(2,742)		(4,032)		(1,750)
Interest expense, net	(8,846)		(8,856)		(9,027)		(9,076)
Other income, net	7,194		1,477		4,191		1,692
Gain (loss) from foreign currency transactions	804		(944)		(2,012)		(2,338)
Loss before income taxes	(13,599)		(11,065)		(10,880)		(11,472)
Income tax benefit (provision)	415		664		(241)		(1,740)
Net loss	$	(13,184)	$	(10,401)	$	(11,121)	(13,212)
Net loss per common share:
Basic and diluted	$	(0.19)	$	(0.15)	$	(0.16)	$	(0.18)
Weighted-average number of shares used in per share calculation - Common Stock:
Basic and diluted	70,127,939		70,554,326		71,222,122		72,814,261

(1) Amortization of stock-based compensation expense is included in the line items above as follows:
	First		Second		Third		Fourth
Cost of revenues	$	209	$	487	$	503	$	89
Selling and marketing	609		720		625		272
Research and development	56		375		386		69
General and administrative	1,784		764		1,010		2,115
Total stock-based compensation expense	$	2,658	$	2,346	$	2,524	$	2,545


	2019
	First		Second		Third		Fourth
Revenues	$	102,294	$	96,888	$	94,300	$	95,163
Cost of revenues (1)	53,407		51,994		47,390		46,831
Gross profit	48,887		44,894		46,910		48,332
Selling and marketing (1)	24,840		23,329		20,421		20,555
Research and development (1)	18,216		16,883		14,064		12,639
General and administrative (1)	19,545		16,932		14,064		15,878
Amortization of intangible assets	8,105		8,076		6,970		6,925
Investigation and audit related	842		2,354		980		129
Impairment of goodwill	—		224,272		—		—
Impairment of intangible assets	—		17,308		—		—

Settlement of litigation, net	—		5,000		(2,100)		—
Restructuring	(70)		2,949		2,270		(1,886)
Total expenses from operations	71,478		317,103		56,669		54,240
Loss from operations	(22,591)		(272,209)		(9,759)		(5,908)
Interest expense, net	(6,759)		(8,242)		(8,175)		(8,350)
Other income (expense), net	2,969		(3,081)		6,733		(4,967)
Gain (loss) from foreign currency transactions	38		(464)		1,194		(432)
Loss before income taxes	(26,343)		(283,996)		(10,007)		(19,657)
Income tax (provision) benefit	(1,171)		4,463		(552)		(1,733)
Net loss	$	(27,514)	$	(279,533)	$	(10,559)	$	(21,390)
Net loss per common share:
Basic and diluted	$	(0.46)	$	(4.61)	$	(0.16)	$	(0.31)
Weighted-average number of shares used in per share calculation - Common Stock:
Basic and diluted	59,958,203		60,697,608		64,157,167		69,644,437

(1) Stock-based compensation expense is included in the line items above as follows:
	First		Second		Third		Fourth
Cost of revenues	$	848	$	636	$	396	$	(28)
Selling and marketing	1,316		1,087		756		456
Research and development	726		668		469		118
General and administrative	4,063		1,913		1,392		1,879
Restructuring	—		(266)		129		—
Total stock-based compensation expense	$	6,953	$	4,038	$	3,142	$	2,425