Condensed Consolidated Statements of Operations - USD ($) shares in Millions, $ in Millions |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Revenue: | ||||
| Total revenue | $ 423.3 | $ 365.9 | $ 854.8 | $ 736.5 |
| Cost of revenue: | ||||
| Recurring | 89.3 | 78.8 | 177.7 | 158.9 |
| Professional services and other | 69.6 | 67.0 | 135.7 | 130.9 |
| Product development and management | 58.3 | 49.2 | 111.4 | 100.2 |
| Depreciation and amortization | 19.3 | 15.0 | 37.8 | 30.3 |
| Total cost of revenue | 236.5 | 210.0 | 462.6 | 420.3 |
| Gross profit | 186.8 | 155.9 | 392.2 | 316.2 |
| Selling and marketing | 83.1 | 61.5 | 162.1 | 115.7 |
| General and administrative | 89.6 | 65.0 | 175.3 | 132.7 |
| Operating profit | 14.1 | 29.4 | 54.8 | 67.8 |
| Interest expense, net | 11.1 | 9.1 | 24.4 | 18.3 |
| Other expense, net | 3.0 | 0.7 | 12.0 | 1.5 |
| Income before income taxes | 19.6 | 18.4 | 48.0 | |
| Income tax expense | 1.8 | 16.5 | 13.1 | 35.0 |
| Net (loss) income | $ (1.8) | $ 3.1 | $ 5.3 | $ 13.0 |
| Net (loss) income per share: | ||||
| Basic | $ (0.01) | $ 0.02 | $ 0.03 | $ 0.08 |
| Diluted | $ (0.01) | $ 0.02 | $ 0.03 | $ 0.08 |
| Weighted-average shares outstanding: | ||||
| Basic | 157.9 | 155.1 | 157.4 | 154.7 |
| Diluted | 157.9 | 157.6 | 159.8 | 157.8 |
| Recurring [Member] | ||||
| Revenue: | ||||
| Total revenue | $ 365.0 | $ 314.9 | $ 747.7 | $ 632.8 |
| Professional Services and Other [Member] | ||||
| Revenue: | ||||
| Total revenue | $ 58.3 | $ 51.0 | $ 107.1 | $ 103.7 |
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- Definition Cost Of Professional Services And Other No definition available.
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- Definition Cost of recurring services. No definition available.
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- Definition Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of expense for allocation of cost of tangible and intangible assets over their useful lives directly used in production of good and rendering of service. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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