Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Revenue:      
Licensing & Services $ 581,920,000 $ 496,535,000 $ 404,979,000
Equipment 37,549,000 33,220,000 21,051,000
Total revenue 619,469,000 529,755,000 426,030,000
Cost of sales:      
Licensing & Services 428,619,000 336,702,000 261,635,000
Equipment 33,501,000 28,768,000 17,521,000
Total cost of sales 462,120,000 365,470,000 279,156,000
Gross margin 157,349,000 164,285,000 146,874,000
Gross margin      
Sales and marketing 40,938,000 30,941,000 17,705,000
Product development 35,608,000 37,718,000 28,610,000
General and administrative 148,221,000 115,195,000 78,126,000
Provision for legal settlements 1,435,000 43,446,000 4,250,000
Amortization of intangible assets 43,955,000 35,648,000 26,994,000
Goodwill impairment 167,000,000 64,000,000 0
Total operating expenses 437,157,000 326,948,000 155,685,000
Loss from operations (279,808,000) (162,663,000) (8,811,000)
Interest (expense) income, net      
Interest (expense) income, net (58,454,000) (18,198,000) (2,492,000)
Loss on extinguishment of debt (14,389,000) 0 0
Income (loss) from equity method investments including impairment losses (12,424,000) 3,829,000 0
Change in fair value of derivatives 3,510,000 25,515,000 11,938,000
Other expense, net (436,000) (6,326,000) (1,140,000)
Loss before income taxes (362,001,000) (157,843,000) (505,000)
Income tax provision (benefit) (4,887,000) (44,911,000) 1,621,000
Net loss $ (357,114,000) $ (112,932,000) $ (2,126,000)
Net loss per share:      
Basic (in usd per share) $ (4.07) $ (1.39) $ (0.03)
Diluted (in usd per share) $ (4.07) $ (1.39) $ (0.18)
Weighted average shares outstanding:      
Basic (in shares) 87,733 81,269 77,558
Diluted (in shares) 87,733 81,269 78,394