CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands |
12 Months Ended |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 31, 2014 |
| CONSOLIDATED STATEMENTS OF OPERATIONS |
|
|
|
| Revenue |
$ 208,802
|
$ 163,179
|
$ 148,800
|
| Cost of revenue |
105,123
|
81,645
|
72,443
|
| Gross margin |
103,679
|
81,534
|
76,357
|
| Operating expenses: |
|
|
|
| Research and development |
35,985
|
32,385
|
27,365
|
| Sales and marketing |
42,198
|
32,594
|
25,887
|
| General and administrative |
20,309
|
17,355
|
14,195
|
| Litigation settlement |
475
|
21
|
47
|
| Total operating expenses |
98,967
|
82,355
|
67,494
|
| Income (loss) from operations |
4,712
|
(821)
|
8,863
|
| Other income (expense), net: |
|
|
|
| Interest, net |
45
|
202
|
62
|
| Other income (expense), net: |
(587)
|
(765)
|
(358)
|
| Total other income (expense), net |
(542)
|
(563)
|
(296)
|
| Income (loss) before income taxes |
4,170
|
(1,384)
|
8,567
|
| Income tax expense (benefit) |
(8,784)
|
268
|
411
|
| Net income (loss) |
$ 12,954
|
$ (1,652)
|
$ 8,156
|
| Net income (loss) per common share: |
|
|
|
| Basic (in dollars per share) |
$ 0.55
|
$ (0.07)
|
$ 0.34
|
| Diluted (in dollars per share) |
$ 0.53
|
$ (0.07)
|
$ 0.32
|
| Weighted-average number of shares: |
|
|
|
| Basic (in shares) |
23,402
|
24,121
|
23,685
|
| Diluted (in shares) |
24,360
|
24,121
|
25,646
|