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Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Total revenues $ 337,356 $ 341,293 $ 652,424 $ 652,950
Cost of revenues [1] 46,004 48,785 92,104 92,637
Gross profit 291,352 292,508 560,320 560,313
Operating expenses:        
Sales and marketing [1] 123,777 120,421 241,539 228,372
Research, development and engineering [1] 19,721 17,705 38,148 37,380
General and administrative [1] 101,967 111,698 204,184 224,996
Goodwill impairment on business 0 32,629 0 32,629
Total operating expenses 245,465 282,453 483,871 523,377
Income from operations 45,887 10,055 76,449 36,936
Interest expense, net (6,956) (21,013) (18,466) (42,490)
Gain on sale of businesses 0 823 0 2,802
Unrealized loss on short-term investments (27,317) 0 (18,366) 0
Loss on investments, net (48,243) (16,677) (48,243) (16,677)
Other income (loss), net 6,345 (816) 8,744 (573)
(Loss) income from continuing operations before income taxes and (loss) income from equity method investment, net (30,284) (27,628) 118 (20,002)
Income tax expense (benefit) 10,051 (10,334) 15,131 (17,218)
(Loss) income from equity method investment, net (6,101) (5,751) (6,886) 18,519
Net (loss) income from continuing operations (46,436) (23,045) (21,899) 15,735
Income from discontinued operations, net of income taxes 0 38,762 0 77,905
Net (loss) income $ (46,436) $ 15,717 $ (21,899) $ 93,640
Net (loss) income per common share from continuing operations:        
Basic (in dollars per share) $ (0.99) $ (0.52) $ (0.47) $ 0.35
Diluted (in dollars per share) (0.99) (0.52) (0.47) 0.33
Net income per common share from discontinued operations:        
Basic (in dollars per share) 0 0.87 0 1.75
Diluted (in dollars per share) 0 0.87 0 1.65
Earnings Per Share, Basic [Abstract]        
Basic (in usd per share) (0.99) 0.35 (0.47) 2.10
Diluted (in usd per share) $ (0.99) $ 0.35 $ (0.47) $ 1.98
Weighted average shares outstanding:        
Basic (in shares) 46,978,709 44,613,533 47,016,351 44,506,933
Diluted (in shares) 46,978,709 44,613,533 47,016,351 47,130,979
Share-based compensation expense $ 7,703 $ 5,869 $ 14,420 $ 11,599
Cost of revenues        
Weighted average shares outstanding:        
Share-based compensation expense 142 67 226 150
Sales and marketing        
Weighted average shares outstanding:        
Share-based compensation expense 1,106 278 1,675 544
Research, development and engineering        
Weighted average shares outstanding:        
Share-based compensation expense 852 458 1,481 876
General and administrative        
Weighted average shares outstanding:        
Share-based compensation expense $ 5,603 $ 5,066 $ 11,038 $ 10,029
[1]
(1) Includes share-based compensation expense as follows:
Cost of revenues$142 $67 $226 $150 
Sales and marketing1,106 278 1,675 544 
Research, development and engineering852 458 1,481 876 
General and administrative5,603 5,066 11,038 10,029 
Total$7,703 $5,869 $14,420 $11,599