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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue $ 171,494 $ 94,558 $ 456,782 $ 283,561
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization shown separately below) 4,388 3,392 12,143 10,329
Selling and marketing expense 118,538 62,819 320,930 192,416
General and administrative expense 17,920 9,008 41,561 26,820
Product development 4,805 3,718 12,492 11,384
Depreciation 1,798 1,286 5,309 3,458
Amortization of intangibles 3,817 166 9,034 263
Change in fair value of contingent consideration 2,501 0 20,640 0
Severance 0 0 404 72
Litigation settlements and contingencies 272 19 961 109
Total costs and expenses 154,039 80,408 423,474 244,851
Operating income 17,455 14,150 33,308 38,710
Other income (expense):        
Interest expense, net (2,804) (141) (4,048) (424)
Other (expense) income (228) 0 (215) 0
Income before income taxes 14,423 14,009 29,045 38,286
Income tax expense (4,292) (6,729) (3,109) (15,099)
Net income from continuing operations 10,131 7,280 25,936 23,187
Loss from discontinued operations, net of tax (1,011) (664) (2,632) (3,017)
Net income and comprehensive income $ 9,120 $ 6,616 $ 23,304 $ 20,170
Weighted average shares outstanding:        
Basic 11,999 11,754 11,931 11,827
Diluted 13,774 12,742 13,625 12,782
Income per share from continuing operations:        
Basic (in dollars per share) $ 0.84 $ 0.62 $ 2.17 $ 1.96
Diluted (in dollars per share) 0.74 0.57 1.90 1.81
Loss per share from discontinued operations:        
Basic (in dollars per share) (0.08) (0.06) (0.22) (0.26)
Diluted (in dollars per share) (0.07) (0.05) (0.19) (0.24)
Income per share attributable to common shareholders:        
Basic (in dollars per share) 0.76 0.56 1.95 1.71
Diluted (in dollars per share) $ 0.66 $ 0.52 $ 1.71 $ 1.58