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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, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue $ 197,057 $ 171,494 $ 562,193 $ 456,782
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization shown separately below) 10,838 4,388 22,577 12,143
Selling and marketing expense 124,400 118,538 374,390 320,930
General and administrative expense 22,980 17,920 70,553 41,561
Product development 6,608 4,805 18,835 12,492
Depreciation 1,895 1,798 5,199 5,309
Amortization of intangibles 5,701 3,817 13,628 9,034
Change in fair value of contingent consideration 2,105 2,501 1,197 20,640
Severance 2,328 0 2,331 404
Litigation settlements and contingencies (88) 272 (280) 961
Total costs and expenses 176,767 154,039 508,430 423,474
Operating income 20,290 17,455 53,763 33,308
Other income (expense):        
Interest expense, net (2,393) (2,804) (8,305) (4,048)
Other expense (69) (228) (106) (215)
Income before income taxes 17,828 14,423 45,352 29,045
Income tax benefit (expense) 10,534 (4,292) 63,716 (3,109)
Net income from continuing operations 28,362 10,131 109,068 25,936
Loss from discontinued operations, net of tax (2,634) (1,011) (9,269) (2,632)
Net income and comprehensive income $ 25,728 $ 9,120 $ 99,799 $ 23,304
Weighted average shares outstanding:        
Basic 12,799 11,999 12,437 11,931
Diluted 13,850 13,774 14,299 13,625
Income per share from continuing operations:        
Basic (in dollars per share) $ 2.22 $ 0.84 $ 8.77 $ 2.17
Diluted (in dollars per share) 2.05 0.74 7.63 1.90
Loss per share from discontinued operations:        
Basic (in dollars per share) (0.21) (0.08) (0.75) (0.22)
Diluted (in dollars per share) (0.19) (0.07) (0.65) (0.19)
Net income per share:        
Basic (in dollars per share) 2.01 0.76 8.02 1.95
Diluted (in dollars per share) $ 1.86 $ 0.66 $ 6.98 $ 1.71