XML 19 R2.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 184,326 $ 278,421 $ 467,410 $ 540,811
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization shown separately below) 13,464 16,310 27,716 33,980
Selling and marketing expense 113,921 191,629 309,459 366,520
General and administrative expense 28,489 27,951 60,571 59,068
Product development 10,812 10,175 21,775 20,341
Depreciation 3,550 2,559 6,928 5,041
Amortization of intangibles 13,756 14,280 27,513 27,707
Change in fair value of contingent consideration 9,175 2,790 1,053 17,382
Severance 32 403 190 457
Litigation settlements and contingencies (1,325) 8 (996) (199)
Total costs and expenses 191,874 266,105 454,209 530,297
Operating (loss) income (7,548) 12,316 13,201 10,514
Other (expense) income, net:        
Interest expense, net (4,955) (5,095) (9,789) (10,563)
Other income 7 71 7 139
(Loss) income before income taxes (12,496) 7,292 3,419 90
Income tax benefit 3,880 5,689 6,941 13,441
Net (loss) income from continuing operations (8,616) 12,981 10,360 13,531
Loss from discontinued operations, net of tax (21,141) (763) (25,716) (1,825)
Net (loss) income and comprehensive (loss) income $ (29,757) $ 12,218 $ (15,356) $ 11,706
Weighted average shares outstanding:        
Basic 12,984 12,805 12,971 12,762
Diluted 12,984 14,908 13,954 14,622
(Loss) income per share from continuing operations:        
Basic (in dollars per share) $ (0.66) $ 1.01 $ 0.80 $ 1.06
Diluted (in dollars per share) (0.66) 0.87 0.74 0.93
Loss per share from discontinued operations:        
Basic (in dollars per share) (1.63) (0.06) (1.98) (0.14)
Diluted (in dollars per share) (1.63) (0.05) (1.84) (0.12)
Net (loss) income per share:        
Basic (in dollars per share) (2.29) 0.95 (1.18) 0.92
Diluted (in dollars per share) $ (2.29) $ 0.82 $ (1.10) $ 0.80