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Form 10-K
financial data as of June 30, 2008, 2007 and 2006 and for the years ended June 30, 2007 and 2006
are derived from our audited financial statements not included in this Annual Report on Form 10-K.
See the notes to the consolidated financial statements for an explanation of the method used to
determine the number of shares used in computing basic and diluted net income per ordinary share.
The historical results are not necessarily indicative of the results to be expected for any future period.
2010 2009 2008 2007 2006
Year Ended June 30,
(In thousands, except share and per share data)
Consolidated Statements of Operations
Data:
Revenue . . . . . . . . . . . . . . . . . . . . . . . . . $ 670,035 $ 515,826 $ 400,657 $ 255,933 $ 152,149
Cost of revenue . . . . . . . . . . . . . . . . . . . . 240,195 191,944 154,122 89,971 49,858
Technology and development expense . . . . . 78,387 60,921 44,828 27,176 15,628
Marketing and selling expense . . . . . . . . . . 216,574 159,143 127,975 87,887 51,174
General and administrative expense . . . . . . 58,031 42,236 32,572 23,694 16,624
Income from operations. . . . . . . . . . . . . . . 76,848 61,582 41,160 27,205 18,865
Interest income . . . . . . . . . . . . . . . . . . . . 441 1,725 4,160 4,691 2,903
Other (expense) income, net . . . . . . . . . . . (1,491) (803) 427 (45) (494)
Interest expense . . . . . . . . . . . . . . . . . . . 784 1,401 1,655 1,828 1,256
Income before income taxes . . . . . . . . . . . 75,014 61,103 44,092 30,023 20,018
Income tax provision. . . . . . . . . . . . . . . . . 7,273 5,417 4,261 2,880 783
Net income . . . . . . . . . . . . . . . . . . . . . . . $ 67,741 $ 55,686 $ 39,831 $ 27,143 $ 19,235
Net income attributable to shareholders:
Basic . . . . . . . . . . . . . . . . . . . . . . . . $ 67,741 $ 55,686 $ 39,831 $ 27,143 $ 16,889
Diluted . . . . . . . . . . . . . . . . . . . . . . . $ 67,741 $ 55,686 $ 39,831 $ 27,143 $ 19,235
Basic net income per share . . . . . . . . . . . . $ 1.56 $ 1.29 $ 0.91 $ 0.64 $ 0.51
Diluted net income per share . . . . . . . . . . . $ 1.49 $ 1.25 $ 0.87 $ 0.60 $ 0.45
Weighted average shares
outstanding—basic . . . . . . . . . . . . . . . 43,365,872 43,330,166 43,913,119 42,445,991 33,147,287
Weighted average shares
outstanding—diluted. . . . . . . . . . . . . . . 45,336,561 44,634,191 46,016,364 45,364,257 42,624,689
Share-based compensation expense . . . . . . $ 22,380 $ 19,473 $ 14,747 $ 8,765 $ 4,850
2010 2009 2008 2007 2006
Year Ended June 30,
(In thousands)
Consolidated Statements of Cash Flows
Data:
Purchases of property, plant and
equipment . . . . . . . . . . . . . . . . . . . . . $ (101,326) $ (76,286) $ (62,740) $ (62,845) $ (24,929)
Capitalization of software and website
development costs . . . . . . . . . . . . . . . . (6,516) (7,168) (5,696) (4,189) (2,656)
Depreciation and amortization . . . . . . . . . . 44,367 35,713 25,193 14,874 7,786
Cash flows provided by operating activities . . 153,701 120,051 87,731 54,240 34,637
Cash flows used in investing activities . . . . . (123,865) (57,595) (58,056) (62,177) (71,410)
Cash flows provided by (used in) financing
activities. . . . . . . . . . . . . . . . . . . . . . . 1,259 (31,243) 2,980 12,716 74,851
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