Segment Information (Tables)

6 Months Ended

Jun. 30, 2013

Segment Information [Abstract]

Condensed balance sheet and operating data for segments

The following tables present condensed balance sheet and operating data for these segments:

(amounts in thousands)
Condensed Balance Sheet Data June 30, 2013	Reis Services		Discontinued Operations (A)		Other (B)		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	7,966	$	—	$	134	$	8,100
Restricted cash and investments		216		—		—		216
Accounts receivable, net		5,604		—		—		5,604
Prepaid and other assets		199		—		930		1,129
Total current assets		13,985		—		1,064		15,049
Furniture, fixtures and equipment, net		758		—		29		787
Intangible assets, net		16,122		—		—		16,122
Deferred tax asset, net		—		—		8,331		8,331
Goodwill		57,203		—		(2,378)		54,825
Other assets		277		—		—		277
Total assets	$	88,345	$	—	$	7,046	$	95,391
Liabilities and stockholders’ equity
Current liabilities:
Current portion of debt	$	—	$	—	$	—	$	—
Accrued expenses and other liabilities		1,690		—		879		2,569
Liability for option cancellations		—		—		490		490
Deferred revenue		16,174		—		—		16,174
Liabilities attributable to discontinued operations		—		271		130		401
Total current liabilities		17,864		271		1,499		19,634
Other long-term liabilities		537		—		—		537
Deferred tax liability, net		17,482		—		(17,482)		—
Total liabilities		35,883		271		(15,983)		20,171
Total stockholders’ equity		52,462		(271)		23,029		75,220
Total liabilities and stockholders’ equity	$	88,345	$	—	$	7,046	$	95,391
(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.

(amounts in thousands)
Condensed Balance Sheet Data December 31, 2012	Reis Services		Discontinued Operations (A)		Other (B)		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	4,212	$	—	$	749	$	4,961
Restricted cash and investments		216		—		—		216
Accounts receivable, net		10,694		—		—		10,694
Prepaid and other assets		219		—		1,220		1,439
Total current assets		15,341		—		1,969		17,310
Furniture, fixtures and equipment, net		705		—		33		738
Intangible assets, net		16,333		—		—		16,333
Deferred tax asset, net		—		—		8,557		8,557
Goodwill		57,203		—		(2,378)		54,825
Other assets		271		—		—		271
Total assets	$	89,853	$	—	$	8,181	$	98,034
Liabilities and stockholders’ equity
Current liabilities:
Current portion of debt	$	—	$	—	$	—	$	—
Accrued expenses and other liabilities		2,556		—		1,346		3,902
Liability for option cancellations		—		—		297		297
Deferred revenue		18,230		—		—		18,230
Liabilities attributable to discontinued operations		—		271		189		460
Total current liabilities		20,786		271		1,832		22,889
Other long-term liabilities		588		—		—		588
Deferred tax liability, net		15,786		—		(15,786)		—
Total liabilities		37,160		271		(13,954)		23,477
Total stockholders’ equity		52,693		(271)		22,135		74,557
Total liabilities and stockholders’ equity	$	89,853	$	—	$	8,181	$	98,034
(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.

(amounts in thousands)
Condensed Operating Data for the Three Months Ended June 30, 2013	Reis Services		Discontinued Operations (A)		Other (B)		Consolidated
Subscription revenue	$	8,498	$	—	$	—	$	8,498
Cost of sales of subscription revenue		1,675		—		—		1,675
Gross profit		6,823		—		—		6,823
Operating expenses:
Sales and marketing		2,032		—		—		2,032
Product development		791		—		—		791
General and administrative expenses		1,723		—		1,382		3,105
Total operating expenses		4,546		—		1,382		5,928
Other income (expenses):
Interest and other income		2		—		—		2
Interest expense		(28)		—		—		(28)
Total other income (expenses)		(26)		—		—		(26)
Income (loss) before income taxes and discontinued operations	$	2,251	$	—	$	(1,382)	$	869
(Loss) from discontinued operations, before income taxes	$	—	$	—	$	(62)	$	(62)
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
(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, 2013	Reis Services		Discontinued Operations (A)		Other (B)		Consolidated
Subscription revenue	$	16,732	$	—	$	—	$	16,732
Cost of sales of subscription revenue		3,356		—		—		3,356
Gross profit		13,376		—		—		13,376
Operating expenses:
Sales and marketing		4,001		—		—		4,001
Product development		1,513		—		—		1,513
General and administrative expenses		3,519		—		2,755		6,274
Total operating expenses		9,033		—		2,755		11,788
Other income (expenses):
Interest and other income		4		—		—		4
Interest expense		(56)		—		—		(56)
Total other income (expenses)		(52)		—		—		(52)
Income (loss) before income taxes and discontinued operations	$	4,291	$	—	$	(2,755)	$	1,536
(Loss) from discontinued operations, before income taxes	$	—	$	—	$	(313)	$	(313)
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)
(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

The balance of outstanding accounts receivables of Reis Services at June 30, 2013 and December 31, 2012 follows:

	June 30, 2013		December 31, 2012
Accounts receivables	$	5,680,000	$	10,763,000
Allowance for doubtful accounts		(76,000)		(69,000)
Accounts receivables, net	$	5,604,000	$	10,694,000

(Loss) income from discontinued operations

(Loss) income from discontinued operations is comprised of the following:

	For the Three Months Ended June 30,				For the Six Months Ended June 30,
	2013		2012		2013		2012
Litigation charge, net of recoveries (see Note 11)	$	80,000	$	1,956,000	$	80,000	$	(12,260,000)
Other income (expense), net		(142,000)		(182,000)		(393,000)		(390,000)
(Loss) income from discontinued operations before income tax		(62,000)		1,774,000		(313,000)		(12,650,000)
Income tax (benefit) expense on discontinued operations		(24,000)		79,000		(123,000)		—
(Loss) income from discontinued operations, net of income tax (benefit) expense	$	(38,000)	$	1,695,000	$	(190,000)	$	(12,650,000)