Item 6. Selected Financial Data

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Item 6. Selected Financial Data

Years Ended December 31,
(In thousands, except share and per share data)20182017201620152014
Consolidated Statements of Operations Data:
Revenue$563,823$463,768$366,989$263,893$231,321
Cost of revenue193,655186,599155,903130,622104,195
Gross profit370,168277,169211,086133,271127,126
Total operating expenses342,745284,556221,790182,007136,000
Operating income (loss)27,423(7,387)(10,704)(48,736)(8,874)
Interest expense and other, net(22,197)(19,187)(16,114)(12,654)(39,006)
Net income (loss) from continuing operations3,292(26,831)(27,210)(61,602)(47,940)
Loss from discontinued operations, net of tax——(1,669)(11,918)(3,560)
Net income (loss)$3,292$(26,831)$(28,879)$(73,520)$(51,500)
Net income (loss) from continuing operations per share:
Basic$0.06$(0.46)$(0.48)$(1.08)$(0.86)
Diluted$0.05$(0.46)$(0.48)$(1.08)$(0.86)
Net loss from discontinued operations per share——(0.03)(0.21)(0.06)
Weighted-average number of shares used in calculating net income (loss) per share
Basic58,859,57458,003,43457,251,37756,785,64655,628,542
Diluted61,008,02458,003,43457,251,37756,785,64655,628,542
As of December 31,
(In thousands)20182017201620152014
Consolidated Balance Sheets Data:
Cash and cash equivalents$113,906$272,577$137,174$122,672$151,193
Short-term investments$175,040$167,479$161,396$—$—
Working capital$345,629$451,146$314,263$125,605$163,900
Long-term investments$140,784$125,549$—$—$—
Total assets$928,744$816,744$456,647$275,126$297,182
Current portion of long-term debt and capital lease obligations$—$—$269$5,519$3,380
Long-term debt and capital lease obligations$591,978$566,173$332,768$171,967$166,283
Other long-term liabilities$9,010$6,030$5,032$3,952$2,774
Total stockholders’ equity$212,099$158,516$63,150$34,051$83,829

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