v3.23.2
Consolidated Statements of Operations - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
Revenue $ 308.6 $ 267.1 $ 609.3 $ 508.8
Cost of service:        
Cost of service [Extensible List] Service [Member] Service [Member] Service [Member] Service [Member]
Cost of service [1] $ 33.7 $ 34.7 $ 68.7 $ 67.5
Amortization of acquired technology 9.5 12.3 20.0 23.5
Gross profit 265.4 220.1 520.6 417.8
Operating expenses:        
Sales and marketing [1] 102.6 95.2 205.8 179.3
Research and development [1] 52.0 49.5 94.3 95.1
General and administrative [1] 41.0 29.2 78.7 57.0
Amortization of other acquired intangibles 5.5 5.6 11.1 10.9
Restructuring and transaction-related expenses 4.7 1.1 4.8 3.6
Total operating expenses 205.8 180.6 394.7 345.9
Income from operations 59.6 39.5 125.9 71.9
Interest expense, net 12.0 11.7 21.9 23.5
Loss on debt modification and extinguishment 0.0 0.0 2.2 0.0
Other (income) expense, net (7.1) 1.4 (21.1) 2.8
Income before income taxes 54.7 26.4 122.9 45.6
Income tax expense 16.6 10.5 40.3 23.5
Net income $ 38.1 $ 15.9 $ 82.6 $ 22.1
Net income per share of common stock:        
Basic (in dollars per share) $ 0.09 $ 0.04 $ 0.21 $ 0.06
Diluted (in dollars per share) $ 0.09 $ 0.04 $ 0.21 $ 0.05
[1] Amounts include equity-based compensation expense, as follows:
Three Months Ended June 30,Six Months Ended June 30,
2023202220232022
Cost of service
$3.4 $5.0 $7.5 $9.6 
Sales and marketing
17.6 20.4 37.1 36.5 
Research and development
15.4 15.3 22.3 30.9 
General and administrative
9.9 6.3 17.1 12.5 
Total equity-based compensation expense
$46.3 $47.0 $84.0 $89.5