XML 44 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Revenue $ 117,618 $ 100,957 $ 211,251 $ 185,631
Expenses:        
Cost of revenue [1] 33,602 28,899 65,453 57,486
Sales and marketing [1] 2,377 1,612 4,227 2,945
Research and development [1] 5,504 5,144 10,915 11,192
General and administrative [1] 25,327 21,341 49,585 41,275
Depreciation and amortization 4,812 5,114 9,727 9,969
Total operating expenses 71,622 62,110 139,907 122,867
Income from operations 45,996 38,847 71,344 62,764
Other income and (expenses):        
Interest income 615 1 623 3
Interest expense (1,105) (49) (2,208) (62)
Income before taxes 45,506 38,799 69,759 62,705
Provision for income taxes 19,370 15,169 29,864 24,518
Net income 26,136 23,630 39,895 38,187
Net income attributable to common stockholders, basic and diluted $ 26,131 $ 23,630 $ 39,891 $ 38,187
Basic net income per share $ 0.18 $ 0.18 $ 0.28 $ 0.28
Diluted net income per share $ 0.17 $ 0.17 $ 0.27 $ 0.28
Weighted average shares of common stock outstanding:        
Basic 147,648 134,523 141,524 134,585
Diluted 151,299 136,814 145,149 135,635
[1] Includes stock-based compensation expense as follows: Three months ended June 30, 2015: Cost of revenue 29; Sales and marketing 41; Research and development 298; General and administrative 1,554; Total stock-based compensation expense 1,922. Three months ended June 30, 2015: General and administrative 436; Total stock-based compensation expense 436. Six months ended June 30, 2015: Cost of revenue 57; Sales and marketing 56; Research and development 660; General and administrative 2,921; Total stock-based compensation expense 3,694. Six months ended June 30, 2014: General and administrative 822; Total stock-based compensation expense 822.