GrubHub 10-Q 10 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 01, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	GRUB
Entity Registrant Name	GRUBHUB INC.
Entity Central Index Key	0001594109
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		92,277,727
Entity Current Reporting Status	Yes
Entity Shell Company	false
Entity File Number	1-36389
Entity Tax Identification Number	46-2908664
Entity Address, Address Line One	111 W. Washington Street
Entity Address, Address Line Two	Suite 2100
Entity Address, City or Town	Chicago
Entity Address, State or Province	IL
Entity Address, Postal Zip Code	60602
City Area Code	877
Local Phone Number	585-7878
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Security Exchange Name	NYSE
Entity Incorporation, State or Country Code	DE
Document Transition Report	false
Document Quarterly Report	true
Entity Interactive Data Current	Yes

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
CURRENT ASSETS:
Cash and cash equivalents	$ 484,760	$ 375,909
Short-term investments	48,616	49,275
Accounts receivable, less allowances for doubtful accounts	75,726	119,658
Income tax receivable	19,390	3,960
Prepaid expenses and other current assets	18,721	17,515
Total current assets	647,213	566,317
PROPERTY AND EQUIPMENT:
Property and equipment, net of depreciation and amortization	212,772	172,744
OTHER ASSETS:
Other assets	36,836	26,836
Operating lease right-of-use asset	99,058	100,632
Goodwill	1,007,968	1,007,968
Acquired intangible assets, net of amortization	476,309	500,481
Total other assets	1,620,171	1,635,917
TOTAL ASSETS	2,480,156	2,374,978
CURRENT LIABILITIES:
Restaurant food liability	206,306	131,753
Accounts payable	24,508	26,748
Accrued payroll	34,166	19,982
Current operating lease liability	16,642	9,376
Other accruals	124,555	61,504
Total current liabilities	406,177	249,363
LONG-TERM LIABILITIES:
Deferred taxes, non-current	11,607	27,163
Noncurrent operating lease liability	110,193	111,056
Long-term debt	493,475	493,009
Other accruals	4,152	817
Total long-term liabilities	619,427	632,045
Commitments and contingencies
STOCKHOLDERS’ EQUITY:
Preferred Stock, $0.0001 par value. Authorized: 25,000,000 shares as of June 30, 2020 and December 31, 2019; issued and outstanding: no shares as of June 30, 2020 and December 31, 2019.
Common stock, $0.0001 par value. Authorized: 500,000,000 shares at June 30, 2020 and December 31, 2019; issued and outstanding: 92,235,195 and 91,576,060 shares as of June 30, 2020 and December 31, 2019, respectively	9	9
Accumulated other comprehensive loss	(2,330)	(1,628)
Additional paid-in capital	1,204,922	1,164,400
Retained earnings	251,951	330,789
Total stockholders’ equity	1,454,552	1,493,570
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY	$ 2,480,156	$ 2,374,978

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Preferred Stock, par value	$ 0.0001	$ 0.0001
Preferred Stock, shares authorized	25,000,000	25,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	92,235,195	91,576,060
Common stock, shares outstanding	92,235,195	91,576,060

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Statement [Abstract]
Revenues	$ 459,282	$ 325,058	$ 822,262	$ 648,828
Costs and expenses:
Operations and support	318,867	162,406	533,428	323,756
Sales and marketing	94,004	74,128	184,746	152,582
Technology (exclusive of amortization)	30,228	29,400	61,501	56,650
General and administrative	32,237	25,784	71,186	48,571
Depreciation and amortization	34,557	27,223	67,920	52,312
Total costs and expenses	509,893	318,941	918,781	633,871
Income (loss) from operations	(50,611)	6,117	(96,519)	14,957
Interest expense - net	6,816	5,467	13,196	8,279
Income (loss) before provision for income taxes	(57,427)	650	(109,715)	6,678
Income tax benefit	(12,016)	(602)	(30,877)	(1,464)
Net income (loss) attributable to common stockholders	$ (45,411)	$ 1,252	$ (78,838)	$ 8,142
Net income (loss) per share attributable to common stockholders:
Basic	$ (0.49)	$ 0.01	$ (0.86)	$ 0.09
Diluted	$ (0.49)	$ 0.01	$ (0.86)	$ 0.09
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders:
Basic	92,116	91,177	91,954	91,064
Diluted	92,116	92,786	91,954	92,852

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ (45,411)	$ 1,252	$ (78,838)	$ 8,142
OTHER COMPREHENSIVE LOSS
Foreign currency translation adjustments	(59)	(316)	(702)	(89)
COMPREHENSIVE INCOME (LOSS)	$ (45,470)	$ 936	$ (79,540)	$ 8,053

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss)	$ (78,838)	$ 8,142
Adjustments to reconcile net income (loss) to net cash from operating activities:
Depreciation	18,820	13,626
Amortization of intangible assets and developed software	49,100	38,686
Stock-based compensation	41,221	36,527
Deferred taxes	(15,556)	298
Other	2,548	3,240
Change in assets and liabilities:
Accounts receivable	43,390	(13,349)
Income taxes receivable	(15,429)	429
Prepaid expenses and other assets	(5,476)	(14,857)
Restaurant food liability	74,612	(3,078)
Accounts payable	547	(10,216)
Accrued payroll	14,190	3,122
Other accruals	61,732	7,219
Net cash provided by operating activities	190,861	69,789
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of investments	(56,554)	(25,526)
Proceeds from maturity of investments	57,500	21,636
Capitalized website and development costs	(29,269)	(22,188)
Purchases of property and equipment	(41,800)	(23,140)
Acquisition of other intangible assets	(510)	(8,889)
Acquisitions of businesses, net of cash acquired		127
Other cash flows from investing activities	(525)
Net cash used in investing activities	(71,158)	(57,980)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	175,000	500,000
Repayments of borrowings under the credit facility	(175,000)	(342,313)
Taxes paid related to net settlement of stock-based compensation awards	(14,240)	(15,360)
Proceeds from exercise of stock options	3,667	2,930
Payments for debt issuance costs	(259)	(8,954)
Other cash flows from financing activities	(454)
Net cash provided by (used in) financing activities	(11,286)	136,303
Net change in cash, cash equivalents, and restricted cash	108,417	148,112
Effect of exchange rates on cash, cash equivalents and restricted cash	(651)	(2)
Cash, cash equivalents, and restricted cash at beginning of year	379,595	215,802
Cash, cash equivalents, and restricted cash at end of the period	487,361	363,912
SUPPLEMENTAL DISCLOSURE OF NON-CASH ITEMS
Cash paid for income taxes		567
Capitalized property, equipment and website and development costs in accounts payable at period end	2,846	5,310
RECONCILIATION OF CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
Cash and cash equivalents	$ 484,760	358,847
Restricted cash included in prepaid expenses and other current assets		$ 1,904
Restricted Cash, Current, Asset, Statement of Financial Position [Extensible List]	us-gaap:PrepaidExpenseAndOtherAssetsCurrent	us-gaap:PrepaidExpenseAndOtherAssetsCurrent
Restricted cash included in other assets	$ 2,601	$ 3,161
Restricted Cash, Noncurrent, Asset, Statement of Financial Position [Extensible List]	us-gaap:OtherAssetsNoncurrent	us-gaap:OtherAssetsNoncurrent
Total cash, cash equivalents, and restricted cash	$ 487,361	$ 363,912

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands	Total	Common stock	Additional paid-in capital	Accumulated other comprehensive loss	Retained earnings
Balance, beginning at Dec. 31, 2018	$ 1,442,339	$ 9	$ 1,094,866	$ (1,891)	$ 349,355
Balance, beginning (in shares) at Dec. 31, 2018		90,756,548
Net income (loss)	8,142				8,142
Currency translation	(89)			(89)
Stock-based compensation	43,738		43,738
Stock option exercises and vesting of restricted stock units, net of withholdings and other	2,930		2,930
Stock option exercises and vesting of restricted stock units, net of withholdings and other (in shares)		676,527
Shares repurchased and retired to satisfy tax withholding upon vesting	(15,360)		(15,360)
Shares repurchased and retired to satisfy tax withholding upon vesting (in shares)		(202,159)
Balance, ending at Jun. 30, 2019	1,481,700	$ 9	1,126,174	(1,980)	357,497
Balance, ending (in shares) at Jun. 30, 2019		91,230,916
Balance, beginning at Mar. 31, 2019	1,461,637	$ 9	1,107,047	(1,664)	356,245
Balance, beginning (in shares) at Mar. 31, 2019		91,074,285
Net income (loss)	1,252				1,252
Currency translation	(316)			(316)
Stock-based compensation	24,015		24,015
Stock option exercises and vesting of restricted stock units, net of withholdings and other	506		506
Stock option exercises and vesting of restricted stock units, net of withholdings and other (in shares)		234,356
Shares repurchased and retired to satisfy tax withholding upon vesting	(5,394)		(5,394)
Shares repurchased and retired to satisfy tax withholding upon vesting (in shares)		(77,725)
Balance, ending at Jun. 30, 2019	1,481,700	$ 9	1,126,174	(1,980)	357,497
Balance, ending (in shares) at Jun. 30, 2019		91,230,916
Balance, beginning at Dec. 31, 2019	1,493,570	$ 9	1,164,400	(1,628)	330,789
Balance, beginning (in shares) at Dec. 31, 2019		91,576,060
Net income (loss)	(78,838)				(78,838)
Currency translation	(702)			(702)
Stock-based compensation	51,095		51,095
Stock option exercises and vesting of restricted stock units, net of withholdings and other	3,667		3,667
Stock option exercises and vesting of restricted stock units, net of withholdings and other (in shares)		943,223
Shares repurchased and retired to satisfy tax withholding upon vesting	(14,240)		(14,240)
Shares repurchased and retired to satisfy tax withholding upon vesting (in shares)		(284,088)
Balance, ending at Jun. 30, 2020	1,454,552	$ 9	1,204,922	(2,330)	251,951
Balance, ending (in shares) at Jun. 30, 2020		92,235,195
Balance, beginning at Mar. 31, 2020	1,477,857	$ 9	1,182,757	(2,271)	297,362
Balance, beginning (in shares) at Mar. 31, 2020		91,916,978
Net income (loss)	(45,411)				(45,411)
Currency translation	(59)			(59)
Stock-based compensation	26,101		26,101
Stock option exercises and vesting of restricted stock units, net of withholdings and other	2,253		2,253
Stock option exercises and vesting of restricted stock units, net of withholdings and other (in shares)		448,698
Shares repurchased and retired to satisfy tax withholding upon vesting	(6,189)		(6,189)
Shares repurchased and retired to satisfy tax withholding upon vesting (in shares)		(130,481)
Balance, ending at Jun. 30, 2020	$ 1,454,552	$ 9	$ 1,204,922	$ (2,330)	$ 251,951
Balance, ending (in shares) at Jun. 30, 2020		92,235,195

Organization

Organization	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Organization	1. Organization Grubhub Inc., a Delaware corporation, and its wholly-owned subsidiaries (collectively referred to as the “Company”) provide an online and mobile takeout marketplace for restaurant pick-up and delivery orders. The Company connects diners and restaurants through restaurant technology and easy-to-use platforms. Diners enter their delivery address or use geo-location within the mobile applications and the Company displays the menus and other relevant information for restaurants in its network. Orders may be placed directly online, via mobile applications or over the phone. The Company primarily charges restaurant partners a per order commission that is percentage-based. In many markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. The Company’s takeout marketplace, and related platforms where the Company provides marketing services to generate orders, are collectively referred to as the “Platform”.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Significant Accounting Policies	2. Significant Accounting Policies Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated interim financial statements include the accounts of Grubhub Inc. and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements include all wholly-owned subsidiaries and reflect all normal and recurring adjustments, as well as any other than normal adjustments, that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods and should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on February 28, 2020 (the “2019 Form 10-K”). All significant intercompany transactions have been eliminated in consolidation. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020. Use of Estimates The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. These estimates, judgments and assumptions take into account historical and forward-looking factors that the Company believes are reasonable including, but not limited to, the potential impacts arising from the COVID-19 pandemic and measures implemented to prevent its spread. As the extent and duration of the impacts from the COVID-19 pandemic remain unclear, the Company’s estimates and assumptions may evolve as conditions change. Significant items subject to such estimates, judgments and assumptions include revenue recognition, website and internal-use software development costs, goodwill, valuation and recoverability of intangible assets with finite lives and other long-lived assets, stock-based compensation, and income taxes. Actual results could differ significantly from these estimates. Changes in Accounting Principle See “ Recently Issued Accounting Pronouncements ” below for a description of accounting principle changes adopted during the six months ended June 30, 2020 related to credit losses. Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 introduces a new forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments, including trade receivables and held-to-maturity debt securities, which requires entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. This ASU also expands disclosure requirements. ASU 2016-13 was effective for and adopted by the Company in the first quarter of 2020. The guidance was applied using the modified-retrospective approach. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows as credit losses were not expected to be significant. The Company will continue to monitor the impact of the COVID-19 pandemic on expected credit losses.

Merger Agreement

Merger Agreement	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Merger Agreement	3. Merger Agreement On June 10, 2020, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Just Eat Takeaway.com N.V. (“JET”), Checkers Merger Sub I, Inc., a Delaware corporation and wholly owned subsidiary of JET (“Merger Sub I”), and Checkers Merger Sub II, Inc., a Delaware corporation and wholly owned subsidiary of JET (“Merger Sub II”). Pursuant to the Merger Agreement, Merger Sub I will be merged with and into the Company (the “Initial Merger”), with the Company continuing as the surviving company in the Initial Merger (the “Initial Surviving Company”). Immediately thereafter, the Initial Surviving Company will merge with and into Merger Sub II (the “Subsequent Merger” and, together with the Initial Merger, the “Transaction”), with Merger Sub II continuing as the surviving company. On and subject to the terms and conditions set forth in the Merger Agreement, at the effective time of the Initial Merger, each issued and outstanding share of our common stock (other than any shares of our common stock owned by the Company, JET, Merger Sub I, Merger Sub II or any other direct or indirect wholly owned subsidiary of JET), will be converted into one share of common stock, par value $0.0001 per share, of the Initial Surviving Company (the “Initial Surviving Company Stock”). Each such share of Initial Surviving Company Stock will immediately thereafter be automatically exchanged for 0.6710 American depositary shares of JET (“JET ADS”), with each JET ADS representing one share in the share capital of JET with a nominal value of €0.04 per share (“JET Shares”) (the “Merger Consideration”). The Transaction is expected to close in the first half of 2021. The Company incurred certain expenses directly and indirectly related to mergers and acquisitions which were recognized in general and administrative expenses within the condensed consolidated statements of operations of $8.3 million and $0.3 million for the three months ended June 30, 2020 six months

Marketable Securities

Marketable Securities	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Marketable Securities	4. Marketable Securities The amortized cost, unrealized gains and losses and estimated fair value of the Company’s held-to-maturity marketable securities as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (in thousands) Cash and cash equivalents Commercial paper $ 19,894 $ — $ (14 ) $ 19,880 Short-term investments Commercial paper 42,296 — (79 ) 42,217 Corporate bonds 6,320 4 (1 ) 6,323 Total $ 68,510 $ 4 $ (94 ) $ 68,420 December 31, 2019 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (in thousands) Cash and cash equivalents Commercial paper $ 17,548 $ — $ (34 ) $ 17,514 Corporate bonds 1,300 — — 1,300 Short-term investments Commercial paper 46,971 — (195 ) 46,776 Corporate bonds 2,304 2 — 2,306 Total $ 68,123 $ 2 $ (229 ) $ 67,896 All of the Company’s marketable securities were classified as held-to-maturity investments and have maturities within one year of June 30, 2020. The Company evaluated its marketable securities aggregated by credit rating agency rating, all of which are highly rated, investment grade securities, considering historical investment losses, current market conditions and historical recovery rates of similar securities and determined that no material credit losses were expected as of . The gross unrealized losses, estimated fair value and length of time the individual marketable securities were in a continuous loss position for those marketable securities in an unrealized loss position as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 Less Than 12 Months 12 Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Estimated Fair Value Unrealized Loss (in thousands) Commercial paper $ 62,097 $ (93 ) $ — $ — $ 62,097 $ (93 ) Corporate bonds 2,301 (1 ) — — 2,301 (1 ) Total $ 64,398 $ (94 ) $ — $ — $ 64,398 $ (94 ) December 31, 2019 Less Than 12 Months 12 Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Estimated Fair Value Unrealized Loss (in thousands) Commercial paper $ 64,290 $ (229 ) $ — $ — $ 64,290 $ (229 ) Total $ 64,290 $ (229 ) $ — $ — $ 64,290 $ (229 ) The Company recognized interest income during the three months ended June 30, 2020 and 2019 of $0.5 million and $0.7 million, respectively, and of $1.4 million for each of the six months ended June 30, 2020 and 2019 within net interest expense on the condensed consolidated statements of operations. During the three and six months ended June 30, 2020 and 2019, the Company did not recognize any other-than-temporary impairment losses related to its marketable securities. The Company’s marketable securities are classified within Level 2 of the fair value hierarchy (see Note 13, Fair Value Measurement

Goodwill and Acquired Intangibl

Goodwill and Acquired Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Acquired Intangible Assets	5. Goodwill and Acquired Intangible Assets The components of acquired intangible assets as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Value Gross Amount Accumulated Amortization Net Value (in thousands) Restaurant relationships $ 492,791 $ (145,677 ) $ 347,114 $ 497,788 $ (135,482 ) $ 362,306 Diner acquisition 48,293 (24,738 ) 23,555 48,293 (19,909 ) 28,384 Developed technology 35,826 (20,031 ) 15,795 35,826 (15,916 ) 19,910 Other 2,918 (2,749 ) 169 2,918 (2,713 ) 205 Total amortizable intangible assets 579,828 (193,195 ) 386,633 584,825 (174,020 ) 410,805 Indefinite-lived trademarks 89,676 — 89,676 89,676 — 89,676 Total acquired intangible assets $ 669,504 $ (193,195 ) $ 476,309 $ 674,501 $ (174,020 ) $ 500,481 The gross carrying amount and accumulated amortization of the Company’s restaurant relationships as of June 30, 2020 Amortization expense for acquired intangible assets recognized within depreciation and amortization on the condensed consolidated statements of operations was $11.5 million and $11.9 million for the three months ended June 30, 2020 and 2019, respectively, and $24.2 million and $23.8 million for the six months ended June 30, 2020 and 2019, respectively. During the six months ended June 30, 2020, there were no changes in the carrying amount of goodwill of $1,008.0 million. Estimated future amortization expense of acquired intangible assets as of June 30, 2020 was as follows: (in thousands) The remainder of 2020 $ 21,472 2021 38,809 2022 36,847 2023 30,348 2024 28,141 Thereafter 231,016 Total $ 386,633

Property and Equipment

Property and Equipment	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Property and Equipment	6. Property and Equipment The components of the Company’s property and equipment as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 (in thousands) Developed software $ 186,986 $ 154,656 Computer equipment 99,243 74,052 Leasehold improvements 53,452 52,962 Furniture and fixtures 16,689 14,463 Purchased software and digital assets 16,361 13,395 Construction in progress 18,667 6,018 Property and equipment 391,398 315,546 Accumulated depreciation and amortization (178,626 ) (142,802 ) Property and equipment, net $ 212,772 $ 172,744 The gross carrying amount and accumulated amortization of the Company’s developed software, leasehold improvements, furniture and fixtures and computer equipment as of June 30, 2020 were adjusted in aggregate by $7.9 million and $7.8 million, respectively, for certain assets that were no longer in use. The Company recorded depreciation and amortization expense for property and equipment other than developed software of $10.1 million and $7.4 million for the three months ended June 30, 2020 and 2019, respectively, and of $18.8 million and $13.6 million for the six months ended June 30, 2020 and 2019, respectively. The Company capitalized developed software costs of $19.8 million and $15.8 million for the three months ended June 30, 2020 and 2019, respectively, and of $38.8 million and $30.3 million for the six months ended June 30, 2020 and 2019, respectively. Amortization expense for developed software costs, recognized in depreciation and amortization in the condensed consolidated statements of operations, for the three months ended June 30, 2020 and 2019 was $12.9 million and $7.9 million, respectively, and $24.9 million and $14.9 million for the six months ended June 30, 2020 and 2019, respectively.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	7. Commitments and Contingencies Legal In August 2011, Ameranth, Inc. (“Ameranth”) filed a patent infringement action against a number of defendants, including Grubhub Holdings Inc., in the U.S. District Court for the Southern District of California, Case No. 3:11-cv-1810. Ameranth subsequently initiated additional actions for infringement of a related patent, including separate actions against Grubhub Holdings Inc., Case No. 3:12-cv-739, and Seamless North America, LLC, Case No. 3:12-cv-737, which were consolidated along with approximately 40 other cases Ameranth filed in the same district. In September 2018, the district court granted summary judgment (on another defendant’s motion) of unpatentability on the sole remaining patent and vacated the December 3, 2018 jury trial date for the claims against Grubhub Holdings Inc. and Seamless North America, LLC. In October 2018, the district court entered final judgment on all claims in the case in which summary judgment was granted, and then stayed the remaining cases (including the cases against Grubhub and Seamless). Ameranth then appealed this decision to the U.S. Court of Appeals for the Federal Circuit. In November 2019, the Federal Circuit affirmed the district court’s findings of unpatentability in all material respects, and remanded certain dependent claims to the district court. The Company believes this case lacks merit and that it has strong defenses to all of the infringement claims. The Company intends to defend the suit vigorously. The Company has not recorded an accrual related to this lawsuit as of June 30, 2020 On November 20, 2019, a purported stockholder of the Company filed a putative class action complaint against the Company, Chief Executive Officer Matthew Maloney, and President and Chief Financial Officer Adam DeWitt in the United States District Court for the Northern District of Illinois, Case No. 19 Civ. 7665. The complaint , which was amended on July 24, 2020, asserts violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, based on its allegation that the defendants made false and misleading statements about the Company’s growth, competitive landscape, and strategy. The complaint seeks unspecified compensatory damages and attorneys’ fees, among other relief. Pursuant to a court scheduling order, the matter is expected to be fully briefed by March 202 1 . The defendants believe that the lawsuit is without merit and that a material loss is not probable. However, given the early stage of the proceedings, a reasonable estimate of the amount of any possible loss or range of loss cannot be made at this time. In addition to the matters described above, from time to time, the Company is involved in various other legal proceedings arising from the normal course of business activities, including labor and employment claims, some of which relate to the alleged misclassification of independent contractors. The Company currently has a number of pending putative class actions, Private Attorney General Act lawsuits and arbitrations alleging the misclassification of independent contractors. In January 2020, California State Assembly Bill 5 (“AB5”) went into effect, which codifies a test to determine whether a worker is an employee or independent contractor under California law. In light of AB5, the Company expects to continue to receive an increased number of misclassification claims. Nonetheless, he Company believes that its approach to classification is supported by the law and intends to continue to defend itself vigorously in these matters . The Company does not believe any of the foregoing claims will have a material impact on its consolidated financial statements. However, During the six months ended June 30, 2020 , the Company recorded a $12.5 million accrual related to the settlement of certain of these matters.

Debt

Debt	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt	8. Debt The following table summarizes the carrying value of the Company’s debt as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (in thousands) Senior Notes $ 500,000 $ 500,000 Less unamortized deferred debt issuance costs (6,525 ) (6,991 ) Long-term debt $ 493,475 $ 493,009 Senior Notes On June 10, 2019, the Company’s wholly-owned subsidiary, Grubhub Holdings Inc., issued $500.0 million in aggregate principal amount of 5.500% senior notes due July 1, 2027 (“Senior Notes”) in a private placement exempt from the registration requirements of the Securities Act of 1933, as amended June 30, 2020 Debt Credit Agreement On February 6, 2019, the Company entered into an amended and restated credit agreement (the “Credit Agreement”) which provides, among other things , for aggregate revolving loans up to $225 million and provided for term loans in an aggregate principal amount of $325 million. The $325 million term loan portion of the Credit Agreement was extinguished on June 10, 2019. In addition to the revolving loans available under the Credit Agreement, the Company may also incur up to $250 million of incremental revolving or term loans pursuant to the terms and conditions of the Credit Agreement. The credit facility under the Credit Agreement will be available to the Company until February 5, 2024. On May 8, 2020, the Company entered into Amendment No. 1 to its Credit Agreement (the “Amendment”). Eurodollar Rate and Alternate Base Rate to establish minimum rates of 0.75% and 1.75%, respectively. There were no other material changes in the terms of the Credit Agreement as described in Part II, Item 8, Note 10, Debt , to the Company’s 2019 Form 10-K. However, t he foregoing summary does not purport to be complete and is qualified in its entirety by reference to Amendment No. 1, filed as Exhibit 10.1 to the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2020 and incorporated herein by reference. Other Information During the six months ended June 30, 2020, the Company borrowed $175.0 million of revolving loans under the Credit Agreement as a precautionary measure in order to increase its cash position and preserve financial flexibility in light of uncertainty in the global markets resulting from the COVID-19 outbreak. The Company repaid the $175.0 million in borrowings under the Credit Agreement on May 5, 2020. As of June 30, 2020, the Company’s outstanding debt consisted of $500.0 million in Senior Notes. See Note 13 , Fair Value Measurement . The Company was in compliance with the financial covenants of its debt facilities as of . Additional capacity under the Credit Agreement may be used for general corporate purposes, including funding working capital and future acquisitions As of June 30, 2020 and December 31, 2019, unamortized debt issuance costs of $1.2 million and $1.1 million, respectively, related to the revolving loan facility and $6.5 million and $7.0 million, respectively, related to the Senior Notes were recorded as other assets and as a reduction of long-term debt, respectively, on the condensed consolidated balance sheets. D uring the he Company capitalized an additional $ 0.3 Interest expense includes interest on outstanding borrowings, amortization of debt issuance costs and commitment fees on the undrawn portion available under the credit facility, net of capitalized borrowing costs. The Company recognized interest expense of $7.3 million and $6.2 million during the three months ended June 30, 2020 and 2019, respectively, and of $14.6 million and $9.7 million during the six months June 30, 2020

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	9 . Stock-Based Compensation The Company has granted non-qualified and incentive stock options, restricted stock units and restricted stock awards under its incentive plans. In May 2020, the Company’s stockholders approved the Third Amendment to the Grubhub Inc. 2015 Long-Term Incentive Plan (the “2015 Plan”) which increased the aggregate number of shares that may be issued under the 2015 Plan by 3,500,000 shares. As of June 30, 2020, there were 6,112,923 shares of common stock authorized and available for issuance pursuant to awards granted under the Grubhub Inc. 2015 Long-Term Incentive Plan (the “2015 Plan”). Stock-based Compensation Expense The total stock-based compensation expense related to all stock-based awards was $21.0 million and $20.0 million during the three months ended June 30, 2020 As of June 30, 2020, $214.0 million of total unrecognized stock-based compensation expense is expected to be recognized over a weighted-average period of 2.8 years. Excess tax benefits (deficiencies) reflect the total realized value of the Company’s tax deductions from individual stock option exercise transactions and the vesting of restricted stock units in excess (deficient) of the deferred tax assets that were previously recorded. During the three months ended June 30, 2020 and the Company recognized tax deficiencies from stock-based compensation of $1.6 million and excess tax benefits of $1.1 million, respectively , and tax deficiencies of $4.1 million and excess tax benefits of $3.4 million during the six months ended June 30, 2020 and 2019, respectively , within income tax benefit in the condensed consolidated statements of operations and within cash flows from operating activities in the condensed consolidated statements of cash flows. The Company capitalized stock-based compensation expense as website and software development costs of $5.1 million and $4.0 Stock Options The Company granted 264,245 and 333,929 stock options under the 2015 Plan during the six months ended June 30, 2020 and 2019, respectively. The fair value of each stock option award was estimated based on the assumptions below as of the grant date using the Black-Scholes-Merton option pricing model. Expected volatility is based on the historical and implied volatilities of the Company’s own common stock The Company uses historical data to estimate option exercises and employee terminations within the valuation model. Separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes. The risk-free rate for the period within the contractual life of the option is based on the U.S. Treasury yield curve in effect at the time of grant The assumptions used to determine the fair value of the stock options granted during the six months ended June 30, 2020 and 2019 were as follows: Six Months Ended June 30, 2020 2019 Weighted-average fair value options granted $ 20.46 $ 30.91 Average risk-free interest rate 1.26 % 2.42 % Expected stock price volatility 49.6 % 48.3 % Dividend yield None None Expected stock option life (years) 4.00 4.00 Stock option awards as of December 31, 2019 and June 30, 2020, and changes during the ended , were as follows Options Weighted-Average Exercise Price Aggregate Intrinsic Value (thousands) Weighted-Average Exercise Term (years) Outstanding at December 31, 2019 2,750,275 $ 38.74 $ 50,737 6.28 Granted 264,245 51.59 Forfeited (50,090 ) 70.26 Exercised (146,556 ) 24.94 Outstanding at June 30, 2020 2,817,874 40.10 93,703 6.12 Vested and expected to vest at June 30, 2020 2,749,366 39.57 92,732 6.06 Exercisable at June 30, 2020 2,122,175 $ 32.92 $ 83,954 5.35 The aggregate intrinsic value in the table above represents the total pre-tax intrinsic value (the difference between the fair value of the common stock and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their in-the-money options on each date. This amount will change in future periods based on the fair value of the Company’s stock and the number of options outstanding. was $2.3 June 30, 2020 . The Company recorded compensation expense for stock options of $2.7 million and $5.1 million for the three months ended June 30, 2020 Restricted Stock Units Non-vested restricted stock units as of December 31, 2019 June 30, 2020 six months June 30, 2020 Restricted Stock Units Shares Weighted-Average Grant Date Fair Value Outstanding at December 31, 2019 3,096,025 $ 70.62 Granted 2,007,254 50.46 Forfeited (259,335 ) 68.61 Vested (796,667 ) 68.04 Outstanding at June 30, 2020 4,047,277 $ 61.25 C ompensation expense related to restricted stock units was $18.3 million and $14.9 million during the three months ended June 30, 2020 during the six months ended June 30, 2020 and 2019, respectively June 30, 2020 2019 during the six months ended June 30, 2020 and 2019, respectively June 30, 2020

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	10. Income Taxes The Company’s effective tax rate was 20.9% and negative 92.6% during the three months ended June 30, 2020 during the six months ended June 30, 2020 and 2019, respectively Coronavirus Aid, Relief, and Economic Security Act (the “ six months June 30, 2020 net operating the CARES Act, partially offset by June 30, 2020 and $3.4 million, respectively Stock-Based Compensation The Company is currently under examination by the Internal Revenue Service for its federal income tax return for the tax year ended December 31, 2017. The Company does not believe, but cannot predict with certainty, that there will not be any additional tax liabilities, penalties and/or interest as a result of the audit.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Stockholders' Equity	11. Stockholders’ Equity As of June 30, 2020 and December 31, 2019 Common Stock Each holder of common stock has one vote per share of common stock held on all matters that are submitted for stockholder vote. At June 30, 2020 and December 31, 2019, there were 500,000,000 shares of common stock authorized. At June 30, 2020 and December 31, 2019, there were 92,235,195 and 91,576,060 shares issued and outstanding, respectively. The Company did not hold any shares as treasury shares as of June 30, 2020 or December 31, 2019. On January 22, 2016, the Company’s Board of Directors approved a program that authorizes the repurchase of up to $100 million of the Company’s common stock exclusive of any fees, commissions or other expenses relating to such repurchases through open market purchases or privately negotiated transactions at the prevailing market price at the time of purchase. The repurchase program was announced on January 25, 2016 (the “Repurchase Program”). Repurchased stock may be retired or held as treasury shares. The repurchase authorizations do not obligate the Company to acquire any particular amount of common stock or adopt any particular method of repurchase common stock. The Company did no t repurchase any shares of its c ommon s tock during the three or six months ended June 30, 2020 pursuant to the Repurchase Program, and does not expect to repurchase any shares of its common stock in connection with the Repurchase Program prior to the consummation of the Transaction or earlier termination of the Merger Agreement. Preferred Stock The Company was authorized to issue 25,000,000 shares of preferred stock. There were no issued or outstanding shares of preferred stock as of June 30, 2020 or December 31, 2019

Earnings Per Share Attributable

Earnings Per Share Attributable to Common Stockholders	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Earnings Per Share Attributable to Common Stockholders	12. Earnings Per Share Attributable to Common Stockholders Basic earnings per share is computed by dividing net income (loss) attributable to common stockholders by the weighted-average number of common shares outstanding during the period without consideration for common stock equivalents. Diluted net income per share attributable to common stockholders is computed by dividing net income by the weighted-average number of common shares outstanding during the period and potentially dilutive common stock equivalents, including stock options and restricted stock units, except in cases where the effect of the common stock equivalent would be antidilutive. Potential common stock equivalents consist of common stock issuable upon exercise of stock options and vesting of restricted stock units using the treasury stock method. For periods of net loss, basic and diluted earnings per share are the same as the effect of the assumed exercise of stock options and vesting of restricted stock units is anti-dilutive. The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders for the three and six months ended June 30, 2020 and 2019 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands, except per share data) Basic earnings (loss) per share: Net income (loss) attributable to common stockholders (numerator) $ (45,411 ) $ 1,252 $ (78,838 ) $ 8,142 Shares used in computation (denominator) Weighted-average common shares outstanding 92,116 91,177 91,954 91,064 Basic earnings (loss) per share $ (0.49 ) $ 0.01 $ (0.86 ) $ 0.09 Diluted earnings (loss) per share: Net income (loss) attributable to common stockholders (numerator) $ (45,411 ) $ 1,252 $ (78,838 ) $ 8,142 Shares used in computation (denominator) Weighted-average common shares outstanding 92,116 91,177 91,954 91,064 Effect of dilutive securities: Stock options — 1,188 — 1,248 Restricted stock units — 421 — 540 Weighted-average diluted shares 92,116 92,786 91,954 92,852 Diluted earnings (loss) per share $ (0.49 ) $ 0.01 $ (0.86 ) $ 0.09 The number of shares of common stock underlying stock-based awards excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been antidilutive for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands) Anti-dilutive shares underlying stock-based awards: Stock options 2,818 854 2,818 853 Restricted stock units 4,047 2,060 4,047 633

Fair Value Measurement

Fair Value Measurement	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Fair Value Measurement	13. Fair Value Measurement Certain assets and liabilities are required to be recorded at fair value on a recurring basis. Accounting standards define fair value as the price that would be received to sell an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market in an orderly transaction between market participants on the measurement date. The standards also establish a fair value hierarchy, which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The accounting guidance for fair value measurements prioritizes valuation methodologies based on the reliability of the inputs in the following three-tier value hierarchy: Level 1 Quoted prices in active markets for identical assets or liabilities. Level 2 Assets and liabilities valued based on observable market data for similar instruments, such as quoted prices for similar assets or liabilities. Level 3 Unobservable inputs that are supported by little or no market activity; instruments valued based on the best available data, some of which is internally developed, and considers risk premiums that a market participant would require. The Company applied the following methods and assumptions in estimating its fair value measurements. The Company’s commercial paper, investments in corporate bonds, certain money market funds and Senior Notes are classified as Level 2 within the fair value hierarchy because they are valued using inputs other than quoted prices in active markets that are observable directly or indirectly. Accounts receivable, restaurant food liability and accounts payable approximate fair value due to their generally short-term maturities. The following table presents the fair value, for disclosure purposes only, and carrying value of the Company’s assets and liabilities that are recorded at other than fair value as of June 30, 2020 and December 31, 2019 June 30, 2020 December 31, 2019 Level 2 Carrying Value Level 2 Carrying Value (in thousands) Assets Money market funds $ 49 $ 49 $ 28 $ 28 Commercial paper 62,097 62,190 64,290 64,519 Corporate bonds 6,323 6,320 3,606 3,604 Total assets $ 68,469 $ 68,559 $ 67,924 $ 68,151 Liabilities Long-term debt, including current maturities $ 511,850 $ 500,000 $ 467,500 $ 500,000 Total liabilities $ 511,850 $ 500,000 $ 467,500 $ 500,000

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation The accompanying unaudited condensed consolidated interim financial statements include the accounts of Grubhub Inc. and have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and in accordance with the rules and regulations of the United States Securities and Exchange Commission (the “SEC”). Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These unaudited condensed consolidated interim financial statements include all wholly-owned subsidiaries and reflect all normal and recurring adjustments, as well as any other than normal adjustments, that are, in the opinion of management, necessary for a fair presentation of the results for the interim periods and should be read in conjunction with the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 filed with the SEC on February 28, 2020 (the “2019 Form 10-K”). All significant intercompany transactions have been eliminated in consolidation. Operating results for the three and six months ended June 30, 2020 are not necessarily indicative of the results that may be expected for the fiscal year ending December 31, 2020.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in accordance with GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the related disclosures at the date of the financial statements, as well as the reported amounts of revenue and expenses during the periods presented. These estimates, judgments and assumptions take into account historical and forward-looking factors that the Company believes are reasonable including, but not limited to, the potential impacts arising from the COVID-19 pandemic and measures implemented to prevent its spread. As the extent and duration of the impacts from the COVID-19 pandemic remain unclear, the Company’s estimates and assumptions may evolve as conditions change. Significant items subject to such estimates, judgments and assumptions include revenue recognition, website and internal-use software development costs, goodwill, valuation and recoverability of intangible assets with finite lives and other long-lived assets, stock-based compensation, and income taxes. Actual results could differ significantly from these estimates.
Changes in Accounting Principle and Recently Issued Accounting Pronouncements	Changes in Accounting Principle See “ Recently Issued Accounting Pronouncements ” below for a description of accounting principle changes adopted during the six months ended June 30, 2020 related to credit losses. Recently Issued Accounting Pronouncements In June 2016, the Financial Accounting Standards Board (the “FASB”) issued Accounting Standards Update No. 2016-13, “Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments” (“ASU 2016-13”). ASU 2016-13 introduces a new forward-looking approach, based on expected losses, to estimate credit losses on certain types of financial instruments, including trade receivables and held-to-maturity debt securities, which requires entities to incorporate considerations of historical information, current information and reasonable and supportable forecasts. This ASU also expands disclosure requirements. ASU 2016-13 was effective for and adopted by the Company in the first quarter of 2020. The guidance was applied using the modified-retrospective approach. The adoption of ASU 2016-13 did not have a material impact on the Company’s consolidated financial position, results of operations or cash flows as credit losses were not expected to be significant. The Company will continue to monitor the impact of the COVID-19 pandemic on expected credit losses.

Marketable Securities (Tables)

Marketable Securities (Tables)	6 Months Ended
	Jun. 30, 2020
Investments Debt And Equity Securities [Abstract]
Summary of Held-to-Maturity Marketable Securities	The amortized cost, unrealized gains and losses and estimated fair value of the Company’s held-to-maturity marketable securities as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (in thousands) Cash and cash equivalents Commercial paper $ 19,894 $ — $ (14 ) $ 19,880 Short-term investments Commercial paper 42,296 — (79 ) 42,217 Corporate bonds 6,320 4 (1 ) 6,323 Total $ 68,510 $ 4 $ (94 ) $ 68,420 December 31, 2019 Amortized Cost Unrealized Gains Unrealized Losses Estimated Fair Value (in thousands) Cash and cash equivalents Commercial paper $ 17,548 $ — $ (34 ) $ 17,514 Corporate bonds 1,300 — — 1,300 Short-term investments Commercial paper 46,971 — (195 ) 46,776 Corporate bonds 2,304 2 — 2,306 Total $ 68,123 $ 2 $ (229 ) $ 67,896
Summary of Continuous Unrealized Loss on Marketable Securities	The gross unrealized losses, estimated fair value and length of time the individual marketable securities were in a continuous loss position for those marketable securities in an unrealized loss position as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 Less Than 12 Months 12 Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Estimated Fair Value Unrealized Loss (in thousands) Commercial paper $ 62,097 $ (93 ) $ — $ — $ 62,097 $ (93 ) Corporate bonds 2,301 (1 ) — — 2,301 (1 ) Total $ 64,398 $ (94 ) $ — $ — $ 64,398 $ (94 ) December 31, 2019 Less Than 12 Months 12 Months or Greater Total Estimated Fair Value Unrealized Loss Estimated Fair Value Unrealized Estimated Fair Value Unrealized Loss (in thousands) Commercial paper $ 64,290 $ (229 ) $ — $ — $ 64,290 $ (229 ) Total $ 64,290 $ (229 ) $ — $ — $ 64,290 $ (229 )

Goodwill and Acquired Intangi_2

Goodwill and Acquired Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill And Intangible Assets Disclosure [Abstract]
Components of Acquired Intangible Assets (Infinite Lived)	The components of acquired intangible assets as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Value Gross Amount Accumulated Amortization Net Value (in thousands) Restaurant relationships $ 492,791 $ (145,677 ) $ 347,114 $ 497,788 $ (135,482 ) $ 362,306 Diner acquisition 48,293 (24,738 ) 23,555 48,293 (19,909 ) 28,384 Developed technology 35,826 (20,031 ) 15,795 35,826 (15,916 ) 19,910 Other 2,918 (2,749 ) 169 2,918 (2,713 ) 205 Total amortizable intangible assets 579,828 (193,195 ) 386,633 584,825 (174,020 ) 410,805 Indefinite-lived trademarks 89,676 — 89,676 89,676 — 89,676 Total acquired intangible assets $ 669,504 $ (193,195 ) $ 476,309 $ 674,501 $ (174,020 ) $ 500,481
Components of Acquired Intangible Assets (Finite Lived)	The components of acquired intangible assets as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 Gross Carrying Amount Accumulated Amortization Net Value Gross Amount Accumulated Amortization Net Value (in thousands) Restaurant relationships $ 492,791 $ (145,677 ) $ 347,114 $ 497,788 $ (135,482 ) $ 362,306 Diner acquisition 48,293 (24,738 ) 23,555 48,293 (19,909 ) 28,384 Developed technology 35,826 (20,031 ) 15,795 35,826 (15,916 ) 19,910 Other 2,918 (2,749 ) 169 2,918 (2,713 ) 205 Total amortizable intangible assets 579,828 (193,195 ) 386,633 584,825 (174,020 ) 410,805 Indefinite-lived trademarks 89,676 — 89,676 89,676 — 89,676 Total acquired intangible assets $ 669,504 $ (193,195 ) $ 476,309 $ 674,501 $ (174,020 ) $ 500,481
Estimated Future Amortization of Acquired Intangible Assets	Estimated future amortization expense of acquired intangible assets as of June 30, 2020 was as follows: (in thousands) The remainder of 2020 $ 21,472 2021 38,809 2022 36,847 2023 30,348 2024 28,141 Thereafter 231,016 Total $ 386,633

Property and Equipment (Tables)

Property and Equipment (Tables)	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment [Abstract]
Components of Property and Equipment	The components of the Company’s property and equipment as of June 30, 2020 and December 31, 2019 were as follows: June 30, 2020 December 31, 2019 (in thousands) Developed software $ 186,986 $ 154,656 Computer equipment 99,243 74,052 Leasehold improvements 53,452 52,962 Furniture and fixtures 16,689 14,463 Purchased software and digital assets 16,361 13,395 Construction in progress 18,667 6,018 Property and equipment 391,398 315,546 Accumulated depreciation and amortization (178,626 ) (142,802 ) Property and equipment, net $ 212,772 $ 172,744

Debt (Tables)

Debt (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Schedule of Debt	The following table summarizes the carrying value of the Company’s debt as of June 30, 2020 and December 31, 2019: June 30, 2020 December 31, 2019 (in thousands) Senior Notes $ 500,000 $ 500,000 Less unamortized deferred debt issuance costs (6,525 ) (6,991 ) Long-term debt $ 493,475 $ 493,009

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Assumptions Used to Determine Fair Value of Stock Options Granted	The assumptions used to determine the fair value of the stock options granted during the six months ended June 30, 2020 and 2019 were as follows: Six Months Ended June 30, 2020 2019 Weighted-average fair value options granted $ 20.46 $ 30.91 Average risk-free interest rate 1.26 % 2.42 % Expected stock price volatility 49.6 % 48.3 % Dividend yield None None Expected stock option life (years) 4.00 4.00
Summary of Stock Option Activity	Stock option awards as of December 31, 2019 and June 30, 2020, and changes during the ended , were as follows Options Weighted-Average Exercise Price Aggregate Intrinsic Value (thousands) Weighted-Average Exercise Term (years) Outstanding at December 31, 2019 2,750,275 $ 38.74 $ 50,737 6.28 Granted 264,245 51.59 Forfeited (50,090 ) 70.26 Exercised (146,556 ) 24.94 Outstanding at June 30, 2020 2,817,874 40.10 93,703 6.12 Vested and expected to vest at June 30, 2020 2,749,366 39.57 92,732 6.06 Exercisable at June 30, 2020 2,122,175 $ 32.92 $ 83,954 5.35
Non-vested Restricted Stock Units	Non-vested restricted stock units as of December 31, 2019 June 30, 2020 six months June 30, 2020 Restricted Stock Units Shares Weighted-Average Grant Date Fair Value Outstanding at December 31, 2019 3,096,025 $ 70.62 Granted 2,007,254 50.46 Forfeited (259,335 ) 68.61 Vested (796,667 ) 68.04 Outstanding at June 30, 2020 4,047,277 $ 61.25

Earnings Per Share Attributab_2

Earnings Per Share Attributable to Common Stockholders (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Computation of Basic and Diluted Net Income (Loss) Per Share	The following table presents the calculation of basic and diluted net income (loss) per share attributable to common stockholders for the three and six months ended June 30, 2020 and 2019 Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands, except per share data) Basic earnings (loss) per share: Net income (loss) attributable to common stockholders (numerator) $ (45,411 ) $ 1,252 $ (78,838 ) $ 8,142 Shares used in computation (denominator) Weighted-average common shares outstanding 92,116 91,177 91,954 91,064 Basic earnings (loss) per share $ (0.49 ) $ 0.01 $ (0.86 ) $ 0.09 Diluted earnings (loss) per share: Net income (loss) attributable to common stockholders (numerator) $ (45,411 ) $ 1,252 $ (78,838 ) $ 8,142 Shares used in computation (denominator) Weighted-average common shares outstanding 92,116 91,177 91,954 91,064 Effect of dilutive securities: Stock options — 1,188 — 1,248 Restricted stock units — 421 — 540 Weighted-average diluted shares 92,116 92,786 91,954 92,852 Diluted earnings (loss) per share $ (0.49 ) $ 0.01 $ (0.86 ) $ 0.09
Anti-dilutive Securities Excluded from Calculation of Diluted Net Income (Loss) Per Share	The number of shares of common stock underlying stock-based awards excluded from the calculation of diluted net income (loss) per share attributable to common stockholders because their effect would have been antidilutive for the three and six months ended June 30, 2020 and 2019 were as follows: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 (in thousands) Anti-dilutive shares underlying stock-based awards: Stock options 2,818 854 2,818 853 Restricted stock units 4,047 2,060 4,047 633

Fair Value Measurement (Tables)

Fair Value Measurement (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Disclosures [Abstract]
Schedule of Fair Value and Carrying Value of Assets and Liabilities Recorded at Other Than Fair Value	The following table presents the fair value, for disclosure purposes only, and carrying value of the Company’s assets and liabilities that are recorded at other than fair value as of June 30, 2020 and December 31, 2019 June 30, 2020 December 31, 2019 Level 2 Carrying Value Level 2 Carrying Value (in thousands) Assets Money market funds $ 49 $ 49 $ 28 $ 28 Commercial paper 62,097 62,190 64,290 64,519 Corporate bonds 6,323 6,320 3,606 3,604 Total assets $ 68,469 $ 68,559 $ 67,924 $ 68,151 Liabilities Long-term debt, including current maturities $ 511,850 $ 500,000 $ 467,500 $ 500,000 Total liabilities $ 511,850 $ 500,000 $ 467,500 $ 500,000

Merger Agreement - Additional I

Merger Agreement - Additional Information (Detail) $ / shares in Units, $ in Millions	Jun. 10, 2020$ / sharesshares	Jun. 30, 2020USD ($)$ / shares	Jun. 30, 2019USD ($)	Jun. 30, 2020USD ($)$ / shares	Jun. 30, 2019USD ($)	Jun. 10, 2020€ / shares	Dec. 31, 2019$ / shares
Business Acquisition [Line Items]
Common stock, par value		$ 0.0001		$ 0.0001			$ 0.0001
General and administrative expenses
Business Acquisition [Line Items]
Direct and indirect expense incurred related to merger and acquisitions | $		$ 8.3	$ 0.3	$ 9	$ 0.8
JET, Merger Sub and Merger Sub II | Merger Agreement
Business Acquisition [Line Items]
Merger agreement, description	On and subject to the terms and conditions set forth in the Merger Agreement, at the effective time of the Initial Merger, each issued and outstanding share of our common stock (other than any shares of our common stock owned by the Company, JET, Merger Sub I, Merger Sub II or any other direct or indirect wholly owned subsidiary of JET), will be converted into one share of common stock, par value $0.0001 per share, of the Initial Surviving Company (the “Initial Surviving Company Stock”). Each such share of Initial Surviving Company Stock will immediately thereafter be automatically exchanged for 0.6710 American depositary shares of JET (“JET ADS”), with each JET ADS representing one share in the share capital of JET with a nominal value of €0.04 per share (“JET Shares”) (the “Merger Consideration”).
Common stock, par value	$ 0.0001
Number of American depositary shares exchanged for each common share | shares	0.6710
Just Eat Takeaway Com N V | Merger Agreement
Business Acquisition [Line Items]
Common stock, par value | € / shares						€ 0.04

Summary of Held-to-Maturity Mar

Summary of Held-to-Maturity Marketable Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	$ 68,510	$ 68,123
Unrealized Gains	4	2
Unrealized Losses	(94)	(229)
Estimated Fair Value	68,420	67,896
Commercial Paper | Cash and Cash Equivalents
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	19,894	17,548
Unrealized Losses	(14)	(34)
Estimated Fair Value	19,880	17,514
Commercial Paper | Short Term Investments
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	42,296	46,971
Unrealized Losses	(79)	(195)
Estimated Fair Value	42,217	46,776
Corporate Bonds | Cash and Cash Equivalents
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost		1,300
Estimated Fair Value		1,300
Corporate Bonds | Short Term Investments
Schedule Of Held To Maturity Securities [Line Items]
Amortized Cost	6,320	2,304
Unrealized Gains	4	2
Unrealized Losses	(1)
Estimated Fair Value	$ 6,323	$ 2,306

Summary of Continuous Unrealize

Summary of Continuous Unrealized Loss on Marketable Securities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Held To Maturity Securities [Line Items]
Estimated Fair Value, Less Than 12 Months	$ 64,398	$ 64,290
Unrealized Loss, Less Than 12 Months	(94)	(229)
Estimated Fair Value, 12 Months or Greater	0	0
Unrealized Loss, 12 Months or Greater	0	0
Estimated Fair Value, Total	64,398	64,290
Unrealized Loss, Total	(94)	(229)
Commercial Paper
Schedule Of Held To Maturity Securities [Line Items]
Estimated Fair Value, Less Than 12 Months	62,097	64,290
Unrealized Loss, Less Than 12 Months	(93)	(229)
Estimated Fair Value, 12 Months or Greater	0	0
Unrealized Loss, 12 Months or Greater	0	0
Estimated Fair Value, Total	62,097	64,290
Unrealized Loss, Total	(93)	$ (229)
Corporate Bonds
Schedule Of Held To Maturity Securities [Line Items]
Estimated Fair Value, Less Than 12 Months	2,301
Unrealized Loss, Less Than 12 Months	(1)
Estimated Fair Value, 12 Months or Greater	0
Unrealized Loss, 12 Months or Greater	0
Estimated Fair Value, Total	2,301
Unrealized Loss, Total	$ (1)

Marketable Securities - Additio

Marketable Securities - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Schedule Of Held To Maturity Securities [Line Items]
Other-than-temporary impairment losses related to marketable securities	$ 0	$ 0	$ 0	$ 0
Net Interest (Income) Expense
Schedule Of Held To Maturity Securities [Line Items]
Interest income	$ 500,000	$ 700,000	$ 1,400,000	$ 1,400,000

Components of Acquired Intangib

Components of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Total acquired intangible assets, Gross Carrying Amount	$ 669,504	$ 674,501
Amortizable intangible assets, Accumulated Amortization	(193,195)	(174,020)
Total acquired intangible assets, Net Carrying Value	476,309	500,481
Amortizable intangible assets, Gross Carrying Amount	579,828	584,825
Amortizable intangible assets, Net Carrying Value	386,633	410,805
Indefinite-lived trademarks	89,676	89,676
Restaurant relationships
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, Accumulated Amortization	(145,677)	(135,482)
Amortizable intangible assets, Gross Carrying Amount	492,791	497,788
Amortizable intangible assets, Net Carrying Value	347,114	362,306
Diner acquisition
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, Accumulated Amortization	(24,738)	(19,909)
Amortizable intangible assets, Gross Carrying Amount	48,293	48,293
Amortizable intangible assets, Net Carrying Value	23,555	28,384
Developed technology
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, Accumulated Amortization	(20,031)	(15,916)
Amortizable intangible assets, Gross Carrying Amount	35,826	35,826
Amortizable intangible assets, Net Carrying Value	15,795	19,910
Other
Schedule Of Finite And Indefinite Lived Intangible Assets [Line Items]
Amortizable intangible assets, Accumulated Amortization	(2,749)	(2,713)
Amortizable intangible assets, Gross Carrying Amount	2,918	2,918
Amortizable intangible assets, Net Carrying Value	$ 169	$ 205

Goodwill and Acquired Intangi_3

Goodwill and Acquired Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Finite Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets	$ 579,828,000		$ 579,828,000		$ 584,825,000
Accumulated amortization of intangible assets	193,195,000		193,195,000		174,020,000
Intangible assets amortization expense	11,500,000	$ 11,900,000	24,200,000	$ 23,800,000
Changes in carrying amount of goodwill			0
Carrying amount of goodwill	1,007,968,000		1,007,968,000		1,007,968,000
Restaurant relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets	492,791,000		492,791,000		497,788,000
Accumulated amortization of intangible assets	145,677,000		145,677,000		$ 135,482,000
Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations | Restaurant relationships
Finite Lived Intangible Assets [Line Items]
Gross carrying amount of intangible assets	5,000,000		5,000,000
Accumulated amortization of intangible assets	$ 5,000,000		$ 5,000,000

Estimated Future Amortization o

Estimated Future Amortization of Acquired Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Goodwill And Intangible Assets Disclosure [Abstract]
The remainder of 2020	$ 21,472
2021	38,809
2022	36,847
2023	30,348
2024	28,141
Thereafter	231,016
Amortizable intangible assets, Net Carrying Value	$ 386,633	$ 410,805

Components of Property and Equi

Components of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Property and equipment	$ 391,398	$ 315,546
Accumulated depreciation and amortization	(178,626)	(142,802)
Property and equipment, net	212,772	172,744
Developed software
Property Plant And Equipment [Line Items]
Property and equipment	186,986	154,656
Computer equipment
Property Plant And Equipment [Line Items]
Property and equipment	99,243	74,052
Leasehold improvements
Property Plant And Equipment [Line Items]
Property and equipment	53,452	52,962
Furniture and fixtures
Property Plant And Equipment [Line Items]
Property and equipment	16,689	14,463
Purchased Software and Digital Assets
Property Plant And Equipment [Line Items]
Property and equipment	16,361	13,395
Construction in progress
Property Plant And Equipment [Line Items]
Property and equipment	$ 18,667	$ 6,018

Property and Equipment - Additi

Property and Equipment - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property Plant And Equipment [Line Items]
Gross carrying amount property and equipment	$ 391,398		$ 391,398		$ 315,546
Accumulated amortization	178,626		178,626		142,802
Depreciation and amortization	34,557	$ 27,223	67,920	$ 52,312
Capitalized developed software costs	19,800	15,800	38,800	30,300
Property And Equipment Excluding Developed Software
Property Plant And Equipment [Line Items]
Depreciation and amortization	10,100	7,400	18,800	13,600
Developed Software, Leasehold Improvements, Furniture and Fixtures and Computer Equipment | Disposal Group, Disposed of by Means Other than Sale, Not Discontinued Operations
Property Plant And Equipment [Line Items]
Gross carrying amount property and equipment	7,900		7,900
Accumulated amortization	7,800		7,800
Developed software
Property Plant And Equipment [Line Items]
Gross carrying amount property and equipment	186,986		186,986		$ 154,656
Depreciation and amortization	$ 12,900	$ 7,900	$ 24,900	$ 14,900

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail1)	6 Months Ended
	Jun. 30, 2020USD ($)
Commitments And Contingencies Disclosure [Abstract]
Accrual related to lawsuit	$ 0
Accrual recorded related to settlement	$ 12,500,000

Schedule of Debt (Detail)

Schedule of Debt (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Debt Instrument [Line Items]
Less unamortized deferred debt issuance costs	$ (6,525)	$ (6,991)
Long-term debt	493,475	493,009
Senior notes
Debt Instrument [Line Items]
Total debt	$ 500,000	$ 500,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	May 08, 2020	May 05, 2020	Jun. 10, 2019	Feb. 06, 2019	Dec. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Debt Instrument [Line Items]
Unamortized deferred debt issuance costs					$ 6,991,000	$ 6,525,000		$ 6,525,000
Additional debt issuance costs incurred								259,000	$ 8,954,000
Interest expense						7,300,000	$ 6,200,000	14,600,000	$ 9,700,000
Credit Agreement
Debt Instrument [Line Items]
Credit facility, additional borrowing capacity						250,000,000		250,000,000
Credit facility, expiration date				Feb. 5, 2024
Additional debt issuance costs incurred								259,000
Credit Agreement | Revolving Loans
Debt Instrument [Line Items]
Credit facility, maximum borrowing capacity				$ 225,000,000
Amount borrowed revolving loans								175,000,000
Repayment of revolving loan under credit facility		$ 175,000,000
Unamortized debt issuance expense					1,100,000	1,200,000		1,200,000
Credit Agreement | Term Loans
Debt Instrument [Line Items]
Long-term debt				$ 325,000,000
Debt extinguishment amount			$ 325,000,000
Amended Credit Agreement
Debt Instrument [Line Items]
Debt instrument description of variable rate basis	(iii) modifying the definitions of Adjusted Eurodollar Rate and Alternate Base Rate to establish minimum rates of 0.75% and 1.75%, respectively.
Debt instrument description of amendment terms	(i) permitting the Company to net unrestricted cash and cash equivalents in excess of $175.0 million against the Consolidated Total Net Leverage Ratio (as defined in the Credit Agreement) in any quarter through and including March 31, 2021; (ii) modifying the definition of Consolidated EBITDA to permit the Company to add back cash costs and expenses associated with litigations, claims, proceedings or investigations, up to a maximum of 25% of Consolidated EBITDA (as defined in the Credit Agreement) after giving effect to such addback
Senior notes
Debt Instrument [Line Items]
Long-term debt					500,000,000	500,000,000		$ 500,000,000
Senior notes | Grubhub Holdings Inc.
Debt Instrument [Line Items]
Long-term debt			$ 500,000,000
Debt instrument, interest rate			5.50%
Debt instrument, payment terms								Interest is payable on the Senior Notes semi-annually on January and July of each year, beginning on January 1, 2020
Debt instrument, maturity date			Jul. 1, 2027
Debt instrument, first interest payment					$ 15,400,000	$ 13,800,000		$ 13,800,000

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	1 Months Ended	3 Months Ended		6 Months Ended
	May 31, 2020	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation		$ 21,000	$ 20,000	$ 41,221	$ 36,527
Total unrecognized stock-based compensation expense		214,000		$ 214,000
Unrecognized compensation expense recognition period				2 years 9 months 18 days
Recognized excess tax deficiencies (benefits) from stock-based compensation		1,600	(1,100)	$ 4,100	(3,400)
Stock-based compensation capitalized as website and software development cost		5,100	4,000	$ 9,900	7,200
Options, Granted				264,245
Aggregate intrinsic value of awards exercised		2,300	1,500	$ 4,300	7,600
Stock Options
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation		2,700	5,100	$ 5,900	9,100
Unrecognized compensation expense recognition period				2 years 1 month 6 days
Unrecognized stock-based compensation expense		18,700		$ 18,700
Restricted Stock Units
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock-based compensation		18,300	14,900	$ 35,300	27,400
Unrecognized compensation expense recognition period				2 years 10 months 24 days
Fair value of awards vested during the period		17,200	$ 14,300	$ 39,700	$ 41,200
Unrecognized compensation expense related to share based awards other than options		$ 195,300		$ 195,300
Non-vested restricted stock units or awards expected to vest		3,499,513		3,499,513
Weighted average grant date fair value		$ 61.54		$ 61.54
2015 Long-Term Incentive Plan
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Increase in the aggregate number of shares issued	3,500,000
Shares of common stock authorized		6,112,923		6,112,923
Common stock shares available for issuance		6,112,923		6,112,923
Options, Granted				264,245	333,929

Assumptions Used to Determine F

Assumptions Used to Determine Fair Value of Stock Options Granted (Detail) - $ / shares	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Weighted-average fair value options granted	$ 20.46	$ 30.91
Average risk-free interest rate	1.26%	2.42%
Expected stock price volatility	49.60%	48.30%
Dividend yield	0.00%	0.00%
Expected stock option life (years)	4 years	4 years

Stock Option Activity (Detail)

Stock Option Activity (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2020	Dec. 31, 2019
Options
Options, Beginning Balance	2,750,275
Options, Granted	264,245
Options, Forfeited	(50,090)
Options, Exercised	(146,556)
Options, Ending Balance	2,817,874	2,750,275
Options, Vested and expected to vest	2,749,366
Options, Exercisable	2,122,175
Weighted-Average Exercise Price
Weighted-Average Exercise Price, Beginning Balance	$ 38.74
Weighted-Average Exercise Price, Granted	51.59
Weighted-Average Exercise Price, Forfeited	70.26
Weighted-Average Exercise Price, Exercised	24.94
Weighted-Average Exercise Price, Ending Balance	40.10	$ 38.74
Weighted-Average Exercise Price, Vested and expected to vest	39.57
Weighted-Average Exercise Price, Exercisable	$ 32.92
Aggregate Intrinsic Value/Weighted-Average Exercise Term
Aggregate Intrinsic Value	$ 93,703	$ 50,737
Aggregate Intrinsic Value, Vested and expected to vest	92,732
Aggregate Intrinsic Value, Exercisable	$ 83,954
Weighted-Average Exercise Term, Outstanding Balance	6 years 1 month 13 days	6 years 3 months 10 days
Weighted-Average Exercise Term, Vested and expected to vest	6 years 21 days
Weighted-Average Exercise Term, Exercisable	5 years 4 months 6 days

Non-vested Restricted Stock Uni

Non-vested Restricted Stock Units (Detail) - Restricted Stock Units	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Shares, Beginning Balance | shares	3,096,025
Shares, Granted | shares	2,007,254
Shares, Forfeited | shares	(259,335)
Shares, Vested | shares	(796,667)
Shares, Ending Balance | shares	4,047,277
Weighted-Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 70.62
Weighted-Average Grant Date Fair Value, Granted | $ / shares	50.46
Weighted-Average Grant Date Fair Value, Forfeited | $ / shares	68.61
Weighted-Average Grant Date Fair Value, Vested | $ / shares	68.04
Weighted-Average Grant Date Fair Value, Ending Balance | $ / shares	$ 61.25

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	20.90%	(92.60%)	28.10%	(21.90%)
Benefit related to net operating losses that carried back as result of CARES Act			$ 4.6
Excess tax benefits from stock-based compensation	$ 1.6	$ (1.1)	$ 4.1	$ (3.4)
Income tax examination description			The Company is currently under examination by the Internal Revenue Service for its federal income tax return for the tax year ended December 31, 2017. The Company does not believe, but cannot predict with certainty, that there will not be any additional tax liabilities, penalties and/or interest as a result of the audit.

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020	Dec. 31, 2019	Jan. 22, 2016
Class Of Stock [Line Items]
Number of votes per share		one vote per share
Common stock, shares authorized	500,000,000	500,000,000	500,000,000
Common stock, shares issued	92,235,195	92,235,195	91,576,060
Common stock, shares outstanding	92,235,195	92,235,195	91,576,060
Treasury stock, shares	0	0	0
Preferred Stock, shares authorized	25,000,000	25,000,000	25,000,000
Preferred Stock, shares issued	0	0	0
Preferred Stock, shares outstanding	0	0	0
Common stock | Stock Repurchase Program
Class Of Stock [Line Items]
Stock repurchase program, announced date		Jan. 25, 2016
Common stock repurchased, Shares	0	0
Maximum | Common stock | Stock Repurchase Program
Class Of Stock [Line Items]
Authorized to repurchase of common stock				$ 100,000,000

Computation of Basic and Dilute

Computation of Basic and Diluted Net Income (Loss) Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Basic earnings (loss) per share:
Net income (loss) attributable to common stockholders (numerator)	$ (45,411)	$ 1,252	$ (78,838)	$ 8,142
Shares used in computation (denominator)
Weighted-average common shares outstanding	92,116	91,177	91,954	91,064
Basic earnings (loss) per share	$ (0.49)	$ 0.01	$ (0.86)	$ 0.09
Diluted earnings (loss) per share:
Net income (loss) attributable to common stockholders (numerator)	$ (45,411)	$ 1,252	$ (78,838)	$ 8,142
Shares used in computation (denominator)
Weighted-average common shares outstanding	92,116	91,177	91,954	91,064
Effect of dilutive securities:
Weighted-average diluted shares	92,116	92,786	91,954	92,852
Diluted earnings (loss) per share	$ (0.49)	$ 0.01	$ (0.86)	$ 0.09
Stock Options
Effect of dilutive securities:
Stock options, Restricted stock units, shares		1,188		1,248
Restricted Stock Units
Effect of dilutive securities:
Stock options, Restricted stock units, shares		421		540

Anti-dilutive Securities Exclud

Anti-dilutive Securities Excluded from Calculation of Diluted Net Income (Loss) Per Share (Detail) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock Options
Anti-dilutive shares underlying stock-based awards:
Anti-dilutive shares underlying stock-based awards	2,818	854	2,818	853
Restricted Stock Units
Anti-dilutive shares underlying stock-based awards:
Anti-dilutive shares underlying stock-based awards	4,047	2,060	4,047	633

Schedule of Fair Value and Carr

Schedule of Fair Value and Carrying Value of Assets and Liabilities Recorded at Other Than Fair Value (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Fair Value | Level 2
Assets
Assets, fair value disclosure	$ 68,469	$ 67,924
Liabilities
Long-term debt, including current maturities	511,850	467,500
Total liabilities	511,850	467,500
Carrying Value
Assets
Assets, fair value disclosure	68,559	68,151
Liabilities
Long-term debt, including current maturities	500,000	500,000
Total liabilities	500,000	500,000
Money Market Funds | Fair Value | Level 2
Assets
Assets, fair value disclosure	49	28
Money Market Funds | Carrying Value
Assets
Assets, fair value disclosure	49	28
Commercial Paper | Fair Value | Level 2
Assets
Assets, fair value disclosure	62,097	64,290
Commercial Paper | Carrying Value
Assets
Assets, fair value disclosure	62,190	64,519
Corporate Bonds | Fair Value | Level 2
Assets
Assets, fair value disclosure	6,323	3,606
Corporate Bonds | Carrying Value
Assets
Assets, fair value disclosure	$ 6,320	$ 3,604