Summary of Quarterly Results of Operations |
|
|
2017 |
|
|
2016 |
|
|
|
First |
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|
Second |
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|
Third |
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|
Fourth |
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|
First |
|
|
Second |
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|
Third |
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|
Fourth |
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|
Quarter |
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|
Quarter |
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|
Quarter |
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|
Quarter |
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|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
Quarter |
|
|
|
(in thousands, except per share data) |
|
Operating revenues |
|
$ |
301,207 |
|
|
$ |
316,089 |
|
|
$ |
322,097 |
|
|
$ |
334,779 |
|
|
$ |
278,828 |
|
|
$ |
290,596 |
|
|
$ |
288,433 |
|
|
$ |
292,812 |
|
Cost of revenues |
|
|
67,521 |
|
|
|
68,595 |
|
|
|
68,491 |
|
|
|
69,306 |
|
|
|
63,172 |
|
|
|
62,130 |
|
|
|
62,986 |
|
|
|
63,819 |
|
Selling and marketing |
|
|
43,014 |
|
|
|
41,594 |
|
|
|
44,918 |
|
|
|
47,771 |
|
|
|
41,689 |
|
|
|
41,854 |
|
|
|
41,514 |
|
|
|
41,609 |
|
Research and development |
|
|
18,977 |
|
|
|
18,203 |
|
|
|
17,983 |
|
|
|
20,721 |
|
|
|
18,928 |
|
|
|
18,566 |
|
|
|
18,750 |
|
|
|
18,960 |
|
General and administrative |
|
|
21,004 |
|
|
|
21,448 |
|
|
|
22,103 |
|
|
|
23,348 |
|
|
|
21,890 |
|
|
|
22,019 |
|
|
|
21,859 |
|
|
|
21,467 |
|
Amortization of intangible assets |
|
|
11,251 |
|
|
|
11,122 |
|
|
|
10,614 |
|
|
|
11,560 |
|
|
|
11,840 |
|
|
|
11,943 |
|
|
|
11,752 |
|
|
|
11,498 |
|
Depreciation and amortization of
property, equipment and
leasehold improvements |
|
|
8,838 |
|
|
|
9,159 |
|
|
|
9,325 |
|
|
|
8,118 |
|
|
|
8,168 |
|
|
|
8,393 |
|
|
|
8,312 |
|
|
|
9,447 |
|
Total operating expenses |
|
|
170,605 |
|
|
|
170,121 |
|
|
|
173,434 |
|
|
|
180,824 |
|
|
|
165,687 |
|
|
|
164,905 |
|
|
|
165,173 |
|
|
|
166,800 |
|
Operating income |
|
|
130,602 |
|
|
|
145,968 |
|
|
|
148,663 |
|
|
|
153,955 |
|
|
|
113,141 |
|
|
|
125,691 |
|
|
|
123,260 |
|
|
|
126,012 |
|
Interest income |
|
|
(932 |
) |
|
|
(1,310 |
) |
|
|
(1,835 |
) |
|
|
(2,237 |
) |
|
|
(621 |
) |
|
|
(585 |
) |
|
|
(799 |
) |
|
|
(901 |
) |
Interest expense |
|
|
29,024 |
|
|
|
29,027 |
|
|
|
29,020 |
|
|
|
29,027 |
|
|
|
22,904 |
|
|
|
22,918 |
|
|
|
26,790 |
|
|
|
29,039 |
|
Other expense (income) |
|
|
885 |
|
|
|
740 |
|
|
|
675 |
|
|
|
205 |
|
|
|
81 |
|
|
|
2,814 |
|
|
|
(253 |
) |
|
|
779 |
|
Other expense (income), net |
|
|
28,977 |
|
|
|
28,457 |
|
|
|
27,860 |
|
|
|
26,995 |
|
|
|
22,364 |
|
|
|
25,147 |
|
|
|
25,738 |
|
|
|
28,917 |
|
Income from continuing operations
before provision for income taxes |
|
|
101,625 |
|
|
|
117,511 |
|
|
|
120,803 |
|
|
|
126,960 |
|
|
|
90,777 |
|
|
|
100,544 |
|
|
|
97,522 |
|
|
|
97,095 |
|
Provision for income taxes |
|
|
28,674 |
|
|
|
36,245 |
|
|
|
35,650 |
|
|
|
62,358 |
|
|
|
30,410 |
|
|
|
33,587 |
|
|
|
32,241 |
|
|
|
28,845 |
|
Net income |
|
$ |
72,951 |
|
|
$ |
81,266 |
|
|
$ |
85,153 |
|
|
$ |
64,602 |
|
|
$ |
60,367 |
|
|
$ |
66,957 |
|
|
$ |
65,281 |
|
|
$ |
68,250 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per basic common share |
|
$ |
0.80 |
|
|
$ |
0.90 |
|
|
$ |
0.94 |
|
|
$ |
0.72 |
|
|
$ |
0.61 |
|
|
$ |
0.69 |
|
|
$ |
0.69 |
|
|
$ |
0.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings per diluted common share |
|
$ |
0.80 |
|
|
$ |
0.89 |
|
|
$ |
0.93 |
|
|
$ |
0.70 |
|
|
$ |
0.60 |
|
|
$ |
0.69 |
|
|
$ |
0.68 |
|
|
$ |
0.73 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average shares outstanding
used in computing per share data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic |
|
|
90,708 |
|
|
|
90,404 |
|
|
|
90,112 |
|
|
|
90,130 |
|
|
|
99,425 |
|
|
|
96,412 |
|
|
|
94,823 |
|
|
|
93,327 |
|
Diluted |
|
|
91,624 |
|
|
|
91,708 |
|
|
|
91,868 |
|
|
|
92,467 |
|
|
|
99,998 |
|
|
|
96,888 |
|
|
|
95,473 |
|
|
|
93,845 |
|
|