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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues        
Revenues $ 363,015 $ 306,591 $ 976,016 $ 970,096
Operating expenses        
Cost of revenue [1] 177,625 171,753 537,522 517,372
Research and development 33,739 35,899 106,122 114,348
Selling and marketing 29,442 32,794 98,166 102,793
General and administrative 29,821 30,516 92,675 84,753
Depreciation and amortization 30,464 32,140 93,439 95,218
Total operating expenses 301,091 303,102 927,924 914,484
Operating income 61,924 3,489 48,092 55,612
Other income (expense)        
Interest expense (19,840) (14,336) (58,641) (37,014)
Interest income 3,495 2,995 10,458 9,205
Other, net 1,084 41,545 (6,403) 45,801
Total other income (expense) (15,261) 30,204 (54,586) 17,992
Income (loss) before income taxes 46,663 33,693 (6,494) 73,604
Income tax expense (benefit) 8,752 10,576 (5,387) 21,655
Net income (loss) $ 37,911 $ 23,117 $ (1,107) $ 51,949
Income (loss) per common share        
Basic (in dollars per share) $ 0.35 $ 0.20 $ (0.01) $ 0.45
Diluted (in dollars per share) $ 0.35 $ 0.20 $ (0.01) $ 0.45
Weighted average common shares outstanding        
Basic (in shares) 108,667 113,812 108,428 114,584
Diluted (in shares) 108,933 114,348 108,428 115,211
Software as a service and platform as a service        
Revenues        
Revenues $ 211,369 $ 195,540 $ 625,975 $ 597,080
License        
Revenues        
Revenues 79,679 43,661 142,681 168,260
Maintenance        
Revenues        
Revenues 51,942 49,163 153,436 151,143
Services        
Revenues        
Revenues $ 20,025 $ 18,227 $ 53,924 $ 53,613
[1] The cost of revenue excludes charges for depreciation but includes amortization of purchased and developed software for resale.