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Quarterly Results of Operations (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations

 

 

2016

 

 

2015

 

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

First

 

 

Second

 

 

Third

 

 

Fourth

 

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

Quarter

 

 

 

(in thousands, except per share data)

 

Operating revenues

 

$

278,828

 

 

$

290,596

 

 

$

288,433

 

 

$

292,812

 

 

$

262,769

 

 

$

270,580

 

 

$

268,771

 

 

$

272,893

 

Cost of revenues

 

 

63,172

 

 

 

62,130

 

 

 

62,986

 

 

 

63,819

 

 

 

69,904

 

 

 

67,394

 

 

 

65,593

 

 

 

64,804

 

Selling and marketing

 

 

41,689

 

 

 

41,854

 

 

 

41,514

 

 

 

41,609

 

 

 

41,648

 

 

 

42,028

 

 

 

38,809

 

 

 

39,809

 

Research and development

 

 

18,928

 

 

 

18,566

 

 

 

18,750

 

 

 

18,960

 

 

 

23,189

 

 

 

20,807

 

 

 

15,548

 

 

 

17,776

 

General and administrative

 

 

21,890

 

 

 

22,019

 

 

 

21,859

 

 

 

21,467

 

 

 

20,377

 

 

 

22,080

 

 

 

19,960

 

 

 

23,590

 

Amortization of intangible assets

 

 

11,840

 

 

 

11,943

 

 

 

11,752

 

 

 

11,498

 

 

 

11,702

 

 

 

11,695

 

 

 

11,710

 

 

 

11,803

 

Depreciation and amortization of

   property, equipment and

   leasehold improvements

 

 

8,168

 

 

 

8,393

 

 

 

8,312

 

 

 

9,447

 

 

 

7,207

 

 

 

8,065

 

 

 

8,049

 

 

 

7,568

 

Total operating expenses

 

 

165,687

 

 

 

164,905

 

 

 

165,173

 

 

 

166,800

 

 

 

174,027

 

 

 

172,069

 

 

 

159,669

 

 

 

165,350

 

Operating income

 

 

113,141

 

 

 

125,691

 

 

 

123,260

 

 

 

126,012

 

 

 

88,742

 

 

 

98,511

 

 

 

109,102

 

 

 

107,543

 

Interest income

 

 

(621

)

 

 

(585

)

 

 

(799

)

 

 

(901

)

 

 

(204

)

 

 

(185

)

 

 

(285

)

 

 

(492

)

Interest expense

 

 

22,904

 

 

 

22,918

 

 

 

26,790

 

 

 

29,039

 

 

 

11,108

 

 

 

11,116

 

 

 

17,267

 

 

 

22,896

 

Other expense (income)

 

 

81

 

 

 

2,814

 

 

 

(253

)

 

 

779

 

 

 

178

 

 

 

164

 

 

 

(6,922

)

 

 

(297

)

Other expense (income), net

 

 

22,364

 

 

 

25,147

 

 

 

25,738

 

 

 

28,917

 

 

 

11,082

 

 

 

11,095

 

 

 

10,060

 

 

 

22,107

 

Income from continuing operations

   before provision for income taxes

 

 

90,777

 

 

 

100,544

 

 

 

97,522

 

 

 

97,095

 

 

 

77,660

 

 

 

87,416

 

 

 

99,042

 

 

 

85,436

 

Provision for income taxes

 

 

30,410

 

 

 

33,587

 

 

 

32,241

 

 

 

28,845

 

 

 

28,036

 

 

 

31,399

 

 

 

34,644

 

 

 

25,437

 

Income from continuing operations

 

 

60,367

 

 

 

66,957

 

 

 

65,281

 

 

 

68,250

 

 

 

49,624

 

 

 

56,017

 

 

 

64,398

 

 

 

59,999

 

Income (loss) from discontinued

   operations, net of income taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(5,797

)

 

 

 

 

 

 

 

 

(593

)

Net income

 

$

60,367

 

 

$

66,957

 

 

$

65,281

 

 

$

68,250

 

 

$

43,827

 

 

$

56,017

 

 

$

64,398

 

 

$

59,406

 

Earnings per basic common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

$

0.61

 

 

$

0.69

 

 

$

0.69

 

 

$

0.73

 

 

$

0.44

 

 

$

0.50

 

 

$

0.59

 

 

$

0.59

 

From discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.05

)

 

 

 

 

 

 

 

 

(0.01

)

Earnings per basic common share

 

$

0.61

 

 

$

0.69

 

 

$

0.69

 

 

$

0.73

 

 

$

0.39

 

 

$

0.50

 

 

$

0.59

 

 

$

0.58

 

Earnings per diluted common share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

From continuing operations

 

$

0.60

 

 

$

0.69

 

 

$

0.68

 

 

$

0.73

 

 

$

0.44

 

 

$

0.50

 

 

$

0.59

 

 

$

0.58

 

From discontinued operations

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(0.05

)

 

 

 

 

 

 

 

 

(0.01

)

Earnings per diluted commons hare

 

$

0.60

 

 

$

0.69

 

 

$

0.68

 

 

$

0.73

 

 

$

0.39

 

 

$

0.50

 

 

$

0.59

 

 

$

0.57

 

Weighted average shares outstanding

   used in computing per share data

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic

 

 

99,425

 

 

 

96,412

 

 

 

94,823

 

 

 

93,327

 

 

 

112,520

 

 

 

112,143

 

 

 

108,773

 

 

 

102,837

 

Diluted

 

 

99,998

 

 

 

96,888

 

 

 

95,473

 

 

 

93,845

 

 

 

113,522

 

 

 

112,931

 

 

 

109,440

 

 

 

103,590