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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues      
Total revenues $ 1,421,901 $ 1,370,598 $ 1,294,322
Operating expenses      
Cost of revenue [1] 696,071 638,871 622,459
Research and development 146,311 144,310 139,293
Selling and marketing 134,812 126,539 103,567
General and administrative 114,194 123,801 152,468
Depreciation and amortization 126,678 127,180 131,791
Total operating expenses 1,218,066 1,160,701 1,149,578
Operating income 203,835 209,897 144,744
Other income (expense)      
Interest expense (53,193) (45,060) (56,630)
Interest income 12,547 11,522 11,628
Other, net 43,446 (1,294) (1,116)
Total other income (expense) 2,800 (34,832) (46,118)
Income before income taxes 206,635 175,065 98,626
Income tax expense 64,458 47,274 25,966
Net income $ 142,177 $ 127,791 $ 72,660
Income per common share      
Basic (in dollars per share) $ 1.25 $ 1.09 $ 0.62
Diluted (in dollars per share) $ 1.24 $ 1.08 $ 0.62
Weighted average common shares outstanding      
Basic (in shares) 113,700 117,407 116,397
Diluted (in shares) 114,238 118,647 118,079
Software as a service and platform as a service      
Revenues      
Total revenues $ 802,880 $ 774,342 $ 769,180
License      
Revenues      
Total revenues 348,134 319,867 246,896
Maintenance      
Revenues      
Total revenues 200,045 210,499 211,697
Services      
Revenues      
Total revenues $ 70,842 $ 65,890 $ 66,549
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.