XML 17 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Subscription revenue $ 118,411 $ 101,560 $ 339,772 $ 288,288
Professional services 21,669 18,501 64,543 50,621
Total revenues 140,080 120,061 404,315 338,909
Cost of revenues        
Subscription 17,131 16,095 51,277 46,024
Professional services 14,423 13,133 42,811 36,929
Total cost of revenues [1],[2] 31,554 29,228 94,088 82,953
Gross profit 108,526 90,833 310,227 255,956
Operating costs and expenses:        
Research and development [2] 36,207 28,028 102,028 84,523
Sales and marketing [1],[2] 31,428 27,789 94,321 80,856
General and administrative [2] 23,701 20,089 70,772 57,866
Wire transaction recovery [3] 4,770 0 4,770 0
Total operating costs and expenses 86,566 75,906 262,351 223,245
Operating income 21,960 14,927 47,876 32,711
Interest and other income (expense):        
Interest expense (4,407) (4,220) (13,117) (12,530)
Interest income 1,531 1,005 4,030 2,809
Other income (expense), net (7) (7) (7) (8)
Total interest and other expense, net (2,883) (3,222) (9,094) (9,729)
Income before income taxes 19,077 11,705 38,782 22,982
Provision for income taxes 6,233 4,347 8,170 4,839
Net income $ 12,844 $ 7,358 $ 30,612 $ 18,143
Earnings per share:        
Basic $ 0.23 $ 0.13 $ 0.54 $ 0.33
Diluted $ 0.21 $ 0.13 $ 0.51 $ 0.32
Weighted average common shares outstanding:        
Basic 56,654 55,670 56,389 55,395
Diluted 60,614 57,738 59,664 57,272
Total stock-based compensation [2] $ 12,009 $ 10,458 $ 35,022 $ 31,155
Total amortization of intangible assets [1] 1,213 398 2,891 900
Cost of revenues        
Weighted average common shares outstanding:        
Total stock-based compensation [2] 1,152 1,154 3,567 3,603
Total amortization of intangible assets [1] 1,094 314 2,570 707
Research and development        
Weighted average common shares outstanding:        
Total stock-based compensation [2] 3,472 2,292 9,734 6,809
Sales and marketing        
Weighted average common shares outstanding:        
Total stock-based compensation [2] 1,864 1,633 4,875 5,349
Total amortization of intangible assets [1] 119 84 321 193
General and administrative        
Weighted average common shares outstanding:        
Total stock-based compensation [2] $ 5,521 $ 5,379 $ 16,846 $ 15,394
[1] Amortization of intangible assets included in cost of revenues and operating costs and expenses
[2] Stock-based compensation expense included in cost of revenues and operating costs and expenses
[3] Operating costs and expenses for the three and nine months ended September 30, 2017 reflect probable insurance recovery of amounts associated with the previously reported 2014 wire transaction loss. For additional details, see Note 2, "Wire Transaction Recovery."