Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Income and Comprehensive Income (unaudited)

v3.8.0.1
Condensed Consolidated Statements of Income and Comprehensive Income (unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Revenue $ 122,643 $ 90,906 $ 369,531 $ 274,193
Cost of revenue 47,112 32,194 158,615 102,542
Intangibles amortization 1,290 612 3,789 1,818
Gross profit 74,241 58,100 207,127 169,833
Operating expenses:        
Marketing and selling 32,537 19,746 95,106 61,578
Research and development 11,632 7,689 38,098 22,596
General and administrative 17,329 12,821 57,501 37,225
Intangibles amortization 3,882 2,409 11,841 6,741
Restructuring 321 197 914 1,315
Total operating expenses 65,701 42,862 203,460 129,455
Income from operations 8,540 15,238 3,667 40,378
Other income (expense), net 150 (893) (1,268) (412)
Income before provision for income tax 8,690 14,345 2,399 39,966
Provision for income tax 17,203 1,032 15,597 7,605
Net income (loss) $ (8,513) $ 13,313 $ (13,198) $ 32,361
Earnings (loss) per share:        
Basic (dollars per share) $ (0.26) $ 0.41 $ (0.41) $ 1.00
Diluted (dollars per share) $ (0.26) $ 0.40 $ (0.41) $ 0.98
Weighted average shares used in the calculation of earnings (loss) per share:        
Basic (in shares) 32,593 32,388 32,536 32,476
Diluted (in shares) 32,593 32,981 32,536 33,077
Other comprehensive income (loss):        
Unrealized gain (loss) on available-for-sale investments $ 0 $ 0 $ (45) $ 0
Foreign currency translation adjustment 5,166 424 17,370 (999)
Total other comprehensive income (loss) 5,166 424 17,325 (999)
Comprehensive income (loss) $ (3,347) $ 13,737 $ 4,127 $ 31,362