(Unaudited)
| For the Three Months Ended December 31, | For the Year Ended December 31, | ||||||||||||||
| (in thousands, except per share data) | 2020 | 2019 | 2020 | 2019 | |||||||||||
| Revenue | |||||||||||||||
| License | $ | 76,381 | $ | 64,194 | $ | 259,965 | $ | 244,321 | |||||||
| Maintenance and other services | 37,244 | 36,993 | 131,746 | 122,381 | |||||||||||
| Total software | 113,625 | 101,187 | 391,711 | 366,702 | |||||||||||
| Software related services | 7,906 | 8,941 | 26,454 | 34,576 | |||||||||||
| Total software and related services | 121,531 | 110,128 | 418,165 | 401,278 | |||||||||||
| Client engineering services | 9,934 | 11,722 | 44,320 | 48,987 | |||||||||||
| Other | 1,976 | 2,027 | 7,436 | 8,650 | |||||||||||
| Total revenue | 133,441 | 123,877 | 469,921 | 458,915 | |||||||||||
| Cost of revenue | |||||||||||||||
| License | 6,786 | 8,139 | 19,637 | 21,285 | |||||||||||
| Maintenance and other services | 10,105 | 10,892 | 38,688 | 38,401 | |||||||||||
| Total software * | 16,891 | 19,031 | 58,325 | 59,686 | |||||||||||
| Software related services | 6,102 | 6,497 | 21,243 | 25,640 | |||||||||||
| Total software and related services | 22,993 | 25,528 | 79,568 | 85,326 | |||||||||||
| Client engineering services | 8,067 | 9,882 | 35,684 | 39,875 | |||||||||||
| Other | 1,631 | 1,540 | 6,053 | 7,398 | |||||||||||
| Total cost of revenue | 32,691 | 36,950 | 121,305 | 132,599 | |||||||||||
| Gross profit | 100,750 | 86,927 | 348,616 | 326,316 | |||||||||||
| Operating expenses: | |||||||||||||||
| Research and development * | 34,966 | 30,498 | 126,081 | 117,510 | |||||||||||
| Sales and marketing * | 30,537 | 27,589 | 111,440 | 106,051 | |||||||||||
| General and administrative * | 22,933 | 21,292 | 86,432 | 82,178 | |||||||||||
| Amortization of intangible assets | 4,986 | 3,769 | 16,376 | 14,442 | |||||||||||
| Other operating loss (income), net | 5 | (370 | ) | (3,426 | ) | (2,072 | ) | ||||||||
| Total operating expenses | 93,427 | 82,778 | 336,903 | 318,109 | |||||||||||
| Operating income | 7,323 | 4,149 | 11,713 | 8,207 | |||||||||||
| Interest expense | 3,008 | 2,785 | 11,598 | 6,371 | |||||||||||
| Other income, net | (65 | ) | (849 | ) | (1,917 | ) | (1,552 | ) | |||||||
| Income before income taxes | 4,380 | 2,213 | 2,032 | 3,388 | |||||||||||
| Income tax expense | 2,182 | 3,715 | 12,532 | 10,930 | |||||||||||
| Net income (loss) | $ | 2,198 | $ | (1,502 | ) | $ | (10,500 | ) | $ | (7,542 | ) | ||||
| Income per share: | |||||||||||||||
| Net income (loss) per share attributable to common stockholders, basic | $ | 0.03 | $ | (0.02 | ) | $ | (0.14 | ) | $ | (0.11 | ) | ||||
| Net income (loss) per share attributable to common stockholders, diluted | $ | 0.03 | $ | (0.02 | ) | $ | (0.14 | ) | $ | (0.11 | ) | ||||
| Weighted average shares outstanding: | |||||||||||||||
| Weighted average number of shares used in computing net income (loss) per share, basic | 74,020 | 72,227 | 73,241 | 71,544 | |||||||||||
| Weighted average number of shares used in computing net income (loss) per share, diluted | 78,484 | 72,227 | 73,241 | 71,544 | |||||||||||
