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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, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 220,251 $ 310,605 $ 687,661 $ 851,416
Costs and expenses:        
Cost of revenue (exclusive of depreciation and amortization shown separately below) 13,220 17,671 40,936 51,651
Selling and marketing expense 154,670 200,818 464,129 567,338
General and administrative expense 33,705 30,323 94,276 89,391
Product development 11,477 10,200 33,252 30,541
Depreciation 3,535 2,696 10,463 7,737
Amortization of intangibles 13,090 13,778 40,603 41,485
Change in fair value of contingent consideration 6,658 3,839 7,711 21,221
Severance 0 179 190 636
Litigation settlements and contingencies 13 (92) (983) (291)
Total costs and expenses 236,368 279,412 690,577 809,709
Operating (loss) income (16,117) 31,193 (2,916) 41,707
Other (expense) income, net:        
Interest expense, net (16,617) (4,845) (26,406) (15,408)
Other income 0 4 7 143
(Loss) income before income taxes (32,734) 26,352 (29,315) 26,442
Income tax benefit (expense) 7,925 (1,889) 14,866 11,552
Net (loss) income from continuing operations (24,809) 24,463 (14,449) 37,994
Income (loss) from discontinued operations, net of tax 166 (20,199) (25,550) (22,024)
Net (loss) income and comprehensive (loss) income $ (24,643) $ 4,264 $ (39,999) $ 15,970
Weighted average shares outstanding:        
Basic 13,033 12,890 12,992 12,805
Diluted 13,033 14,632 12,992 14,629
(Loss) income per share from continuing operations:        
Basic (in dollars per share) $ (1.90) $ 1.90 $ (1.11) $ 2.97
Diluted (in dollars per share) (1.90) 1.67 (1.11) 2.60
Income (loss) per share from discontinued operations:        
Basic (in dollars per share) 0.01 (1.57) (1.97) (1.72)
Diluted (in dollars per share) 0.01 (1.38) (1.97) (1.51)
Net (loss) income per share:        
Basic (in dollars per share) (1.89) 0.33 (3.08) 1.25
Diluted (in dollars per share) $ (1.89) $ 0.29 $ (3.08) $ 1.09