Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)

v3.7.0.1
Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenue $ 122,227 $ 95,958 $ 246,887 $ 183,287
Cost of revenue 54,589 37,879 111,502 70,348
Intangibles amortization 1,500 604 2,500 1,205
Gross profit 66,138 57,475 132,885 111,734
Operating expenses:        
Marketing and selling 30,354 21,237 62,569 41,831
Research and development 13,713 7,105 26,466 14,907
General and administrative 24,156 11,923 40,172 24,404
Intangibles amortization 3,885 2,197 7,959 4,332
Restructuring 307 1,083 593 1,118
Total operating expenses 72,415 43,545 137,759 86,592
Income (loss) from operations (6,277) 13,930 (4,874) 25,142
Other income (expense), net (378) 25 (1,418) 481
Income (loss) before provision for (benefit from) income tax (6,655) 13,955 (6,292) 25,623
Provision for (benefit from) income tax (1,621) 3,443 (1,606) 6,573
Net income (loss) $ (5,034) $ 10,512 $ (4,686) $ 19,050
Earnings (loss) per share:        
Basic (dollars per share) $ (0.15) $ 0.32 $ (0.14) $ 0.59
Diluted (dollars per share) $ (0.15) $ 0.32 $ (0.14) $ 0.58
Weighted average shares used in the calculation of earnings (loss) per share:        
Basic (in shares) 32,529 32,438 32,507 32,521
Diluted (in shares) 32,529 32,983 32,507 33,118
Unrealized gain (loss) on available-for-sale investments $ 12 $ 0 $ (45) $ 0
Foreign currency translation adjustment 8,558 (2,085) 12,205 (1,425)
Total other comprehensive income (loss) 8,570 (2,085) 12,160 (1,425)
Comprehensive income $ 3,536 $ 8,427 $ 7,474 $ 17,625