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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, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue $ 310,605 $ 197,057 $ 851,416 $ 562,193
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization shown separately below) 17,671 10,838 51,651 22,577
Selling and marketing expense 200,818 124,400 567,338 374,390
General and administrative expense 30,323 22,980 89,391 70,553
Product development 10,200 6,608 30,541 18,835
Depreciation 2,696 1,895 7,737 5,199
Amortization of intangibles 13,778 5,701 41,485 13,628
Change in fair value of contingent consideration 3,839 2,105 21,221 1,197
Severance 179 2,328 636 2,331
Litigation settlements and contingencies (92) (88) (291) (280)
Total costs and expenses 279,412 176,767 809,709 508,430
Operating income 31,193 20,290 41,707 53,763
Other (expense) income, net:        
Interest expense, net (4,845) (2,393) (15,408) (8,305)
Other income (expense) 4 (69) 143 (106)
Income before income taxes 26,352 17,828 26,442 45,352
Income tax (expense) benefit (1,889) 10,534 11,552 63,716
Net income from continuing operations 24,463 28,362 37,994 109,068
Loss from discontinued operations, net of tax (20,199) (2,634) (22,024) (9,269)
Net income and comprehensive income $ 4,264 $ 25,728 $ 15,970 $ 99,799
Weighted average shares outstanding:        
Basic 12,890 12,799 12,805 12,437
Diluted 14,632 13,850 14,629 14,299
Income per share from continuing operations:        
Basic (in dollars per share) $ 1.90 $ 2.22 $ 2.97 $ 8.77
Diluted (in dollars per share) 1.67 2.05 2.60 7.63
Loss per share from discontinued operations:        
Basic (in dollars per share) (1.57) (0.21) (1.72) (0.75)
Diluted (in dollars per share) (1.38) (0.19) (1.51) (0.65)
Net income per share:        
Basic (in dollars per share) 0.33 2.01 1.25 8.02
Diluted (in dollars per share) $ 0.29 $ 1.86 $ 1.09 $ 6.98