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Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based compensation expense included in costs and expenses

		Three Months Ended September 30,								Nine Months Ended September 30,
		2014				2013				2014				2013
		*(in thousands)*
Share-based compensation expense:
Cost of revenues		$	18			$	13			$	52			$	38
Sales and marketing			149				35				400				111
Technology support			62				57				187				173
General and administrative			142				78				389				236
Share-based compensation costs			371				183				1,028				558

Amount capitalized to internal use software			1				1				3				2
Total share-based compensation costs		$	370			$	182			$	1,025			$	556

Service based options granted during period

		Three months ended September 30,								Nine months ended September 30,
		2014				2013				2014				2013

Number of service-based options granted			59,500				13,000				461,250				109,000
Weighted average grant date fair value		$	3.88			$	2.73			$	6.99			$	2.29
Weighted average exercise price		$	8.50			$	5.92			$	15.44			$	4.43

Fair value of stock options granted using the following weighted average assumptions

		Three Months Ended September 30,								Nine Months Ended September 30,
		2014				2013				2014				2013
Dividend yield			—				—				—				—
Volatility			56	%			56	%			56	%			65	%
Risk-free interest rate			1.5	%			1.1	%			1.4	%			0.8	%
Expected life (years)			4.3				4.3				4.3				4.3

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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