Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Summary of Quarterly Financial Data (Unaudited)

The following consists of quarterly financial data (in thousands, except per share amounts):

	Quarter Ended												Year Ended
	March 31, 2019			June 30, 2019			September 30, 2019			December 31, 2019			December 31, 2019
Revenues:
Software as a service and platform as a service	$	108,557		$	172,499		$	192,952		$	203,661		$	677,669
License	21,078			52,541			92,058			122,584			288,261
Maintenance	55,111			51,922			52,638			53,738			213,409
Services	21,109			20,656			17,253			19,937			78,955
Total revenues	205,855			297,618			354,901			399,920			1,258,294
Operating expenses:
Cost of revenue (1)	114,941			155,240			174,168			173,104			617,453
Research and development	36,194			39,235			36,543			34,601			146,573
Selling and marketing	29,430			32,962			30,417			30,875			123,684
General and administrative	31,517			49,319			27,286			27,174			135,296
Depreciation and amortization	21,866			26,744			31,169			31,753			111,532
Total operating expenses	233,948			303,500			299,583			297,507			1,134,538
Operating income (loss)	(28,093		)	(5,882		)	55,318			102,413			123,756
Other income (expense):
Interest expense	(11,614		)	(15,323		)	(18,987		)	(18,109		)	(64,033		)
Interest income	3,033			2,997			2,988			2,949			11,967
Other, net	(1,912		)	1,402			(2,369		)	3,399			520
Total other income (expense)	(10,493		)	(10,924		)	(18,368		)	(11,761		)	(51,546		)
Income (loss) before income taxes	(38,586		)	(16,806		)	36,950			90,652			72,210
Income tax expense (benefit)	(12,623		)	(22,531		)	5,136			35,166			5,148
Net income (loss)	$	(25,963	)	$	5,725		$	31,814		$	55,486		$	67,062
Earnings (loss) per share
Basic	$	(0.22	)	$	0.05		$	0.27		$	0.48		$	0.58
Diluted	$	(0.22	)	$	0.05		$	0.27		$	0.47		$	0.57

(1) The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.

	Quarter Ended												Year Ended
	March 31, 2018			June 30, 2018			September 30, 2018			December 31, 2018			December 31, 2018
Revenues:
Software as a service and platform as a service	$	104,280		$	113,600		$	104,519		$	110,626		$	433,025
License	28,046			45,555			68,964			137,991			280,556
Maintenance	56,659			55,048			54,373			53,065			219,145
Services	20,325			20,792			17,669			18,268			77,054
Total revenues	209,310			234,995			245,525			319,950			1,009,780
Operating expenses:
Cost of revenue (1)	107,336			116,261			102,473			104,281			430,351
Research and development	36,791			37,862			36,008			32,969			143,630
Selling and marketing	31,893			33,160			28,252			24,576			117,881
General and administrative	28,649			28,837			29,537			20,399			107,422
Depreciation and amortization	21,345			21,033			20,896			21,311			84,585
Total operating expenses	226,014			237,153			217,166			203,536			883,869
Operating income (loss)	(16,704		)	(2,158		)	28,359			116,414			125,911
Other income (expense):
Interest expense	(9,365		)	(9,717		)	(12,573		)	(9,875		)	(41,530		)
Interest income	2,744			2,742			2,763			2,893			11,142
Other, net	(55		)	(1,677		)	(1,304		)	(688		)	(3,724		)
Total other income (expense)	(6,676		)	(8,652		)	(11,114		)	(7,670		)	(34,112		)
Income (loss) before income taxes	(23,380		)	(10,810		)	17,245			108,744			91,799
Income tax expense (benefit)	(3,952		)	3,764			2,012			21,054			22,878
Net income (loss)	$	(19,428	)	$	(14,574	)	$	15,233		$	87,690		$	68,921
Earnings (loss) per share
Basic	$	(0.17	)	$	(0.13	)	$	0.13		$	0.76		$	0.59
Diluted	$	(0.17	)	$	(0.13	)	$	0.13		$	0.74		$	0.59

(1)

The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.