XML 18 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Total revenues $ 341,873 $ 355,144 $ 994,297 $ 1,008,094
Cost of revenues [1] 52,603 49,698 144,707 142,335
Gross profit 289,270 305,446 849,590 865,759
Operating expenses:        
Sales and marketing [1] 119,474 126,577 361,013 354,949
Research, development and engineering [1] 17,735 19,619 55,883 56,999
General and administrative [1] 95,658 114,240 299,842 339,236
Goodwill impairment on business 27,369 0 27,369 32,629
Total operating expenses 260,236 260,436 744,107 783,813
Income from operations 29,034 45,010 105,483 81,946
Interest expense, net (8,560) (14,490) (28,419) (56,980)
Gain on debt extinguishment, net 10,112 0 11,505 0
Loss on sale of businesses, net 0 (24,600) 0 (21,798)
Unrealized gain (loss) on short-term investments held at the reporting date, net 4,201 0 (14,165) 0
Gain (loss) on investments, net 471 0 (47,772) (16,677)
Other income (loss), net 4,218 107 12,962 (466)
Income (loss) from continuing operations before income taxes and (loss) income from equity method investment, net 39,476 6,027 39,594 (13,975)
Income tax (expense) benefit (18,100) 2,665 (33,231) 19,883
(Loss) income from equity method investment, net (3,191) (1,923) (10,077) 16,596
Net income (loss) from continuing operations 18,185 6,769 (3,714) 22,504
Income from discontinued operations, net of income taxes 0 35,800 0 113,705
Net income (loss) $ 18,185 $ 42,569 $ (3,714) $ 136,209
Net income (loss) per common share from continuing operations:        
Basic (in dollars per share) $ 0.39 $ 0.14 $ (0.08) $ 0.50
Diluted (in dollars per share) 0.39 0.14 (0.08) 0.47
Net income per common share from discontinued operations:        
Basic (in dollars per share) 0 0.77 0 2.51
Diluted (in dollars per share) 0 0.74 0 2.39
Numerator for basic and diluted net income per common share:        
Basic (in dollars per share) 0.39 0.91 (0.08) 3.01
Diluted (in dollars per share) $ 0.39 $ 0.88 $ (0.08) $ 2.86
Weighted average shares outstanding:        
Basic (in shares) 46,871,897 46,738,073 46,967,671 45,258,819
Diluted (in shares) 46,871,897 48,582,585 46,967,671 47,565,062
Share-based compensation expense $ 6,386 $ 6,403 $ 20,806 $ 18,002
Cost of revenues        
Weighted average shares outstanding:        
Share-based compensation expense 63 70 289 220
Sales and marketing        
Weighted average shares outstanding:        
Share-based compensation expense 772 335 2,447 879
Research, development and engineering        
Weighted average shares outstanding:        
Share-based compensation expense 567 514 2,048 1,390
General and administrative        
Weighted average shares outstanding:        
Share-based compensation expense $ 4,984 $ 5,484 $ 16,022 $ 15,513
[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