Segment Information (Tables)

6 Months Ended

Jun. 30, 2012

Segment Reporting Information [Line Items]

Condensed balance sheet and operating data for segments

(amounts in thousands)
Condensed Balance Sheet Data June 30, 2012	Reis Services		Discontinued Operations (A)			Other (B)			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	18,622	$	—		$	1,049		$	19,671
Restricted cash and investments		216		—			—			216
Receivables, prepaid and other assets		4,948		—			191			5,139
Assets attributable to discontinued operations		—		—			—			—
Total current assets		23,786		—			1,240			25,026
Furniture, fixtures and equipment, net		757		—			38			795
Intangible assets, net		16,577		—			—			16,577
Deferred tax asset, net		—		—			3,867			3,867
Goodwill		57,203		—			(2,378	)		54,825
Other assets		35		—			—			35
Total assets	$	98,358	$	—		$	2,767		$	101,125
Liabilities and stockholders’ equity
Current liabilities:
Current portion of Bank Loan and other debt	$	—	$	—		$	—		$	—
Accrued expenses and other liabilities		1,533		—			1,094			2,627
Deferred revenue		14,483		—			—			14,483
Liabilities attributable to discontinued operations		—		17,461			12			17,473
Total current liabilities		16,016		17,461			1,106			34,583
Other long-term liabilities		632		—			—			632
Deferred tax liability, net		14,378		—			(14,378	)		—
Total liabilities		31,026		17,461			(13,272	)		35,215
Total stockholders’ equity		67,332		(17,461	)		16,039			65,910
Total liabilities and stockholders’ equity	$	98,358	$	—		$	2,767		$	101,125

Condensed Balance Sheet Data December 31, 2011	Reis Services		Discontinued Operations (A)			Other (B)			Consolidated
Assets
Current assets:
Cash and cash equivalents	$	18,505	$	—		$	3,648		$	22,153
Restricted cash and investments		215		—			—			215
Receivables, prepaid and other assets		8,795		—			428			9,223
Assets attributable to discontinued operations		—		3,000			—			3,000
Total current assets		27,515		3,000			4,076			34,591
Furniture, fixtures and equipment, net		821		—			42			863
Intangible assets, net		17,155		—			—			17,155
Deferred tax asset, net		—		—			3,685			3,685
Goodwill		57,203		—			(2,378	)		54,825
Other assets		99		—			—			99
Total assets	$	102,793	$	3,000		$	5,425		$	111,218
Liabilities and stockholders’ equity
Current liabilities:
Current portion of Bank Loan and other debt	$	5,691	$	—		$	—		$	5,691
Accrued expenses and other liabilities		2,257		—			1,336			3,593
Deferred revenue		15,707		—			—			15,707
Liabilities attributable to discontinued operations		—		8,032			17			8,049
Total current liabilities		23,655		8,032			1,353			33,040
Other long-term liabilities		668		—			—			668
Deferred tax liability, net		13,151		—			(13,151	)		—
Total liabilities		37,474		8,032			(11,798	)		33,708
Total stockholders’ equity		65,319		(5,032	)		17,223			77,510
Total liabilities and stockholders’ equity	$	102,793	$	3,000		$	5,425		$	111,218

(A) Includes the assets and liabilities of the Company’s discontinued Residential Development Activities segment, to the extent that such assets and liabilities existed at the date presented.

(B) Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.

Condensed income statement and operating data for segments

(amounts in thousands)
Condensed Operating Data for the Three Months Ended June 30, 2012	Reis Services			Discontinued Operations (A)		Other (B)			Consolidated
Subscription revenue	$	7,522		$	—	$	—		$	7,522
Cost of sales of subscription revenue		1,685			—		—			1,685
Gross profit		5,837			—		—			5,837
Operating expenses:
Sales and marketing		1,822			—		—			1,822
Product development		566			—		—			566
General and administrative expenses		1,679			—		1,298			2,977
Total operating expenses		4,067			—		1,298			5,365
Other income (expenses):
Interest and other income		16			—		—			16
Interest expense		(74	)		—		—			(74	)
Total other income (expenses)		(58	)		—		—			(58	)
Income (loss) before income taxes and discontinued operations	$	1,712		$	—	$	(1,298	)	$	414
Income from discontinued operations, before income taxes	$	—		$	1,774	$	—		$	1,774

Condensed Operating Data for the Three Months Ended June 30, 2011	Reis Services			Discontinued Operations (A)		Other (B)			Consolidated
Subscription revenue	$	6,837		$	—	$	—		$	6,837
Cost of sales of subscription revenue		1,523			—		—			1,523
Gross profit		5,314			—		—			5,314
Operating expenses:
Sales and marketing		1,681			—		—			1,681
Product development		507			—		—			507
General and administrative expenses		1,627			—		1,350			2,977
Total operating expenses		3,815			—		1,350			5,165
Other income (expenses):
Interest and other income		21			—		2			23
Interest expense		(72	)		—		—			(72	)
Total other income (expenses)		(51	)		—		2			(49	)
Income (loss) before income taxes and discontinued operations	$	1,448		$	—	$	(1,348	)	$	100
Income from discontinued operations, before income taxes	$	—		$	1,342	$	—		$	1,342

(A) Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.

(B) Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.

(amounts in thousands)
Condensed Operating Data for the Six Months Ended June 30, 2012	Reis Services			Discontinued Operations (A)			Other (B)			Consolidated
Subscription revenue	$	14,820		$	—		$	—		$	14,820
Cost of sales of subscription revenue		3,531			—			—			3,531
Gross profit		11,289			—			—			11,289
Operating expenses:
Sales and marketing		3,551			—			—			3,551
Product development		1,080			—			—			1,080
General and administrative expenses		3,322			—			2,607			5,929
Total operating expenses		7,953			—			2,607			10,560
Other income (expenses):
Interest and other income		31			—			1			32
Interest expense		(127	)		—			—			(127	)
Total other income (expenses)		(96	)		—			1			(95	)
Income (loss) before income taxes and discontinued operations	$	3,240		$	—		$	(2,606	)	$	634
(Loss) from discontinued operations, before income taxes	$	—		$	(12,650	)	$	—		$	(12,650	)

Condensed Operating Data for the Six Months Ended June 30, 2011	Reis Services			Discontinued Operations (A)		Other (B)			Consolidated
Subscription revenue	$	13,454		$	—	$	—		$	13,454
Cost of sales of subscription revenue		3,073			—		—			3,073
Gross profit		10,381			—		—			10,381
Operating expenses:
Sales and marketing		3,333			—		—			3,333
Product development		988			—		—			988
General and administrative expenses		3,176			—		2,576			5,752
Total operating expenses		7,497			—		2,576			10,073
Other income (expenses):
Interest and other income		39			—		3			42
Interest expense		(150	)		—		—			(150	)
Total other income (expenses)		(111	)		—		3			(108	)
Income (loss) before income taxes and discontinued operations	$	2,773		$	—	$	(2,573	)	$	200
Income from discontinued operations, before income taxes	$	—		$	1,252	$	—		$	1,252

(A) Includes the results of the Company’s discontinued Residential Development Activities segment, to the extent that such operations existed during the period presented.

(B) Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.

Balance of outstanding accounts receivables of Reis Services

(amounts in thousands)	June 30, 2012			December 31, 2011
Accounts receivable	$	4,832		$	8,629
Allowance for doubtful accounts		(65	)		(32	)
Accounts receivable, net	$	4,767		$	8,597

Income (loss) from discontinued operations

(amounts in thousands)
	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2012			2011			2012			2011
Revenue from sales of real estate	$	—		$	1,800		$	—		$	1,800
Cost of sales of real estate		—			(558	)		—			(558	)
Litigation charge		1,956			—			(12,260	)		—
Other income (expense), net		(182	)		100			(390	)		10
Income (loss) from discontinued operations before income tax		1,774			1,342			(12,650	)		1,252
Income tax expense on discontinued operations		79			—			—			—
Income (loss) from discontinued operations, net of income tax expense	$	1,695		$	1,342		$	(12,650	)	$	1,252