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Quarterly Results (Unaudited)
 12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS (UNAUDITED)
QUARTERLY RESULTS (UNAUDITED)
The following tables set forth certain unaudited condensed consolidated quarterly financial data for each of the last eight quarters during our fiscal years ended December 31, 2018 and 2017. We have derived the information from unaudited Condensed Consolidated Financial Statements that, in the opinion of management, reflect all adjustments (consisting only of normal recurring adjustments) necessary for a fair presentation of such quarterly information. The operating results for any quarter are not necessarily indicative of the results to be expected for any future period. The quarterly results are updated for continuing operations.
 
 
2018 Quarter Ended
 
2017 Quarter Ended
 
 
Mar. 31
 
June 30
 
Sept. 30
 
Dec. 31
 
Mar. 31
 
June 30
 
Sept. 30
 
Dec. 31
 
 
(In thousands, except per share data)
Revenue, net of refund liabilities
 
$
36,721

 
$
42,102

 
$
43,320

 
$
49,633

 
$
33,569

 
$
38,510

 
$
42,467

 
$
47,074

Operating expenses:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of revenue
 
24,797

 
27,389

 
26,146

 
26,493

 
23,026

 
25,605

 
26,675

 
26,746

Selling, general and administrative expenses
 
11,264

 
12,809

 
12,521

 
13,862

 
10,536

 
11,424

 
12,189

 
12,792

Depreciation of property, equipment and software assets
 
1,223

 
2,360

 
1,713

 
2,074

 
1,220

 
1,109

 
1,133

 
1,107

Amortization of intangible assets
 
788

 
864

 
872

 
871

 
722

 
722

 
722

 
1,468

Acquisition-related adjustments (income) loss
 
—

 
—

 
(1,640
)
 
12

 
—

 
—

 
—

 
(2,283
)
Total operating expenses
 
38,072

 
43,422

 
39,612

 
43,312

 
35,504

 
38,860

 
40,719

 
39,830

Operating (loss) income from continuing operations
 
(1,351
)
 
(1,320
)
 
3,708

 
6,321

 
(1,935
)
 
(350
)
 
1,748

 
7,244

Foreign currency transaction (gains) losses on short-term intercompany balances
 
(220
)
 
880

 
70

 
272

 
(552
)
 
(957
)
 
(418
)
 
(263
)
Interest expense, net
 
398

 
486

 
416

 
363

 
37

 
48

 
142

 
1,312

Other loss (income)
 
12

 
5

 
(1
)
 
5

 
(199
)
 
5

 
17

 
17

(Loss) income from continuing operations before income taxes
 
(1,541
)
 
(2,691
)
 
3,223

 
5,681

 
(1,221
)
 
554

 
2,007

 
6,178

Income tax expense (benefit)
 
787

 
189

 
597

 
(252
)
 
627

 
879

 
930

 
526

Net (loss) income from continuing operations
 
(2,328
)
 
(2,880
)
 
2,626

 
5,933

 
(1,848
)
 
(325
)
 
1,077

 
5,652

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic (loss) earnings per common share from continuing operations (1)
 
$
(0.10
)
 
$
(0.13
)
 
$
0.11

 
$
0.26

 
$
(0.08
)
 
$
(0.01
)
 
$
0.05

 
$
0.26

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Diluted (loss) earnings per common share from continuing operations (1)
 
$
(0.10
)
 
$
(0.13
)
 
$
0.11

 
$
0.26

 
$
(0.08
)
 
$
(0.01
)
 
$
0.05

 
$
0.26

(1)
We calculate each quarter as a discrete period; the sum of the four quarters may not equal the calculated full-year amount.