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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 1,390,997 $ 1,416,722 $ 1,158,829
Operating costs and expenses:      
Cost of revenues [1] 195,554 188,053 178,403
Sales and marketing [1] 490,777 493,049 366,359
Research, development and engineering [1] 74,093 78,874 57,148
General and administrative [1] 404,263 456,777 418,579
Goodwill impairment on business 27,369 32,629 0
Total operating costs and expenses 1,192,056 1,249,382 1,020,489
Income from operations 198,941 167,340 138,340
Interest expense, net (33,842) (72,023) (56,188)
Gain (loss) on debt extinguishment, net 11,505 (5,274) 0
(Loss) gain on sale of businesses 0 (21,798) 17,122
Unrealized (loss) gain on short-term investments held at the reporting date, net (7,145) 298,490 0
Loss on investments, net (46,743) (16,677) (20,991)
Other income, net 8,437 1,293 65
Income from continuing operations before income tax (expense) benefit and changes from equity method investment 131,153 351,351 78,348
Income tax (expense) benefit (57,957) 14,199 (38,350)
(Loss) income from equity method investment, net of income taxes (7,730) 35,845 (11,338)
Net income from continuing operations 65,466 401,395 28,660
(Loss) income from discontinued operations, net of income taxes (1,709) 95,319 122,008
Net income $ 63,757 $ 496,714 $ 150,668
Net income per common share from continuing operations:      
Basic (in dollars per share) $ 1.39 $ 8.74 $ 0.62
Diluted (in dollars per share) 1.39 8.38 0.61
Net (loss) income per common share from discontinued operations:      
Basic (in dollars per share) (0.04) 2.08 2.62
Diluted (in dollars per share) (0.04) 1.99 2.58
Net income per common share:      
Basic (in dollars per share) 1.36 10.81 3.24
Diluted (in dollars per share) $ 1.36 $ 10.37 $ 3.18
Weighted average shares outstanding:      
Basic (in shares) 46,954,558 45,893,928 46,308,825
Diluted (in shares) 47,025,849 47,862,745 47,115,609
Share-based compensation expense $ 26,601 $ 24,129 $ 22,520
Cost of revenues      
Weighted average shares outstanding:      
Share-based compensation expense 341 306 332
Sales and marketing      
Weighted average shares outstanding:      
Share-based compensation expense 3,083 1,288 1,011
Research, development and engineering      
Weighted average shares outstanding:      
Share-based compensation expense 2,503 1,984 1,396
General and administrative      
Weighted average shares outstanding:      
Share-based compensation expense $ 20,674 $ 20,551 $ 19,781
[1]
(1) Includes share-based compensation expense as follows:
Cost of revenues$341 $306 $332 
Sales and marketing3,083 1,288 1,011 
Research, development and engineering2,503 1,984 1,396 
General and administrative20,674 20,551 19,781 
Total$26,601 $24,129 $22,520