Six Months Ended | ||||||||||||||||||||||
June 30, 2019 | ||||||||||||||||||||||
(in thousands, except percentages and per share data) | Revenue |
Gross
Profit | % |
Operating
Income | % |
Net
Income |
EPS -
Diluted1 | |||||||||||||||
Total GAAP | $ | 685,765 | $ | 610,453 | 89.0 | % | $ | 224,277 | 32.7 | % | $ | 195,980 | $ | 2.29 | ||||||||
Acquisition accounting for deferred revenue | 4,653 | 4,653 | 0.1 | % | 4,653 | 0.5 | % | 4,653 | 0.05 | |||||||||||||
Stock-based compensation expense | — | 3,602 | 0.5 | % | 52,922 | 7.5 | % | 52,922 | 0.62 | |||||||||||||
Excess payroll taxes related to stock-based awards | — | 476 | 0.1 | % | 4,379 | 0.6 | % | 4,379 | 0.05 | |||||||||||||
Amortization of intangible assets from acquisitions | — | 9,302 | 1.3 | % | 16,857 | 2.5 | % | 16,857 | 0.20 | |||||||||||||
Transaction expenses related to business combinations | — | — | — | % | 3,111 | 0.5 | % | 3,111 | 0.04 | |||||||||||||
Rabbi trust (income) / expense | — | — | — | % | — | — | % | (223 | ) | — | ||||||||||||
Adjustment related to the Tax Cuts and Jobs Act | — | — | — | % | — | — | % | (1,834 | ) | (0.02 | ) | |||||||||||
Adjustment for income tax effect | — | — | — | % | — | — | % | (27,269 | ) | (0.32 | ) | |||||||||||
Total non-GAAP | $ | 690,418 | $ | 628,486 | 91.0 | % | $ | 306,199 | 44.3 | % | $ | 248,576 | $ | 2.91 |