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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Net revenues:      
Net revenues $ 410,926 $ 321,084 $ 255,066
Cost of revenues:      
Cost of revenues 92,182 79,996 80,175
Gross profit 318,744 241,088 174,891
Operating expenses:      
Research and development 139,772 114,291 81,926
Sales and marketing 63,569 54,714 51,240
General and administrative 97,489 77,714 64,411
Restructuring charges 97 589 1,047
Gain on liquidation of textbooks 0 0 (4,766)
Total operating expenses 300,927 247,308 193,858
Income (loss) from operations 17,817 (6,220) (18,967)
Interest expense, net and other income, net:      
Interest expense, net (44,851) (11,225) (74)
Other income, net 20,063 3,987 560
Total interest expense, net and other income, net (24,788) (7,238) 486
Loss before provision for income taxes (6,971) (13,458) (18,481)
Provision for income taxes 2,634 1,430 1,802
Net loss $ (9,605) $ (14,888) $ (20,283)
Net loss per share, basic and diluted (in dollars per share) $ (0.08) $ (0.13) $ (0.20)
Weighted average shares used to compute net loss per share, basic and diluted (in shares) 119,204 113,251 100,022