| Dec'17 | Dec'16 | Dec'15 | Dec'14 | |||
|---|---|---|---|---|---|---|
Net revenue | ||||||
678,661 | 625,162 | 541,343 | 441,372 | |||
Cost of revenue (exclusive of depreciation and amortization, stated separately below): | ||||||
Compensation | ||||||
226,439 | 229,601 | 183,817 | 164,552 | |||
Other costs of revenue | ||||||
24,688 | 22,167 | 20,800 | 14,536 | |||
Total cost of revenue | ||||||
251,127 | 251,768 | 204,617 | 179,088 | |||
Selling, general and administrative expenses (exclusive of depreciation and amortization, stated separately below): | ||||||
Compensation | ||||||
108,151 | 97,123 | 70,802 | 49,777 | |||
Other selling, general and administrative expenses | ||||||
68,361 | 59,561 | 65,943 | 42,760 | |||
Total selling, general and administrative expenses | ||||||
176,512 | 156,684 | 136,745 | 92,537 | |||
Depreciation and amortization of property and equipment | ||||||
25,577 | 20,151 | 12,695 | - | |||
Depreciation and amortization of property and equipment | ||||||
- | - | - | 7,416 | |||
Amortization of intangible assets | ||||||
59,606 | 60,818 | 61,467 | 52,355 | |||
Transaction-related expenses | ||||||
2,219 | 1,788 | 1,469 | - | |||
Transaction-related expenses | ||||||
- | - | - | 5,745 | |||
Impairment of intangible assets | ||||||
1,322 | - | 27,826 | 74,034 | |||
Total operating expenses | ||||||
516,363 | 491,209 | 444,819 | 411,175 | |||
Operating income | ||||||
162,298 | 133,953 | 96,524 | 30,197 | |||
Other expense (income): | ||||||
Interest expense | ||||||
34,876 | 48,653 | 65,561 | 51,717 | |||
Loss on extinguishment of debt | ||||||
-3,183 | -16,417 | -4,084 | -21,524 | |||
Other non-operating (income) expense | ||||||
2,191 | 939 | 826 | 415 | |||
Total other expense (income) | ||||||
-35,868 | -64,131 | -68,819 | -72,826 | |||
Income before income taxes | ||||||
126,430 | 69,822 | 27,705 | -42,629 | |||
Income tax expense | ||||||
-11,773 | 20,970 | 14,401 | -16,804 | |||
Income from continuing operations | ||||||
138,203 | 48,852 | 13,304 | - | |||
Income (loss) from continuing operations | ||||||
- | - | - | -25,825 | |||
Gain on discontinued operations, net of tax | ||||||
- | - | 559 | - | |||
Net income | ||||||
138,203 | 48,852 | 13,863 | - | |||
Net income | ||||||
- | - | - | -25,825 | |||
Other comprehensive income (loss), net of tax: | ||||||
Foreign currency translation adjustments | ||||||
924 | -923 | -664 | -1,293 | |||
Change in fair value of derivative instruments | ||||||
778 | -366 | -2,345 | -623 | |||
Total other comprehensive income (loss) | ||||||
1,702 | -1,289 | -3,009 | -1,916 | |||
Comprehensive income | ||||||
139,905 | 47,563 | 10,854 | -27,741 | |||
Basic (in dollars per share) | ||||||
1.50 | 0.57 | 0.17 | -0.40 | |||
Diluted (in dollars per share) | ||||||
1.45 | 0.55 | 0.17 | -0.40 | |||
Basic (in dollars per share) | ||||||
- | - | 0.01 | - | |||
Diluted (in dollars per share) | ||||||
- | - | 0.01 | - | |||
Earnings per share: | ||||||
Basic (in dollars per share) | ||||||
1.50 | 0.57 | 0.18 | -0.40 | |||
Diluted (in dollars per share) | ||||||
1.45 | 0.55 | 0.18 | -0.40 | |||