Segment Information (Tables)

3 Months Ended

Mar. 31, 2016

Segment Reporting [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 March 31, 2016	Reis Services		Other (A)		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	28,714	$	197	$	28,911
Restricted cash and investments		212		—		212
Accounts receivable, net		7,107		—		7,107
Prepaid and other assets		917		197		1,114
Total current assets		36,950		394		37,344
Furniture, fixtures and equipment, net		1,525		4		1,529
Intangible assets, net		16,298		—		16,298
Deferred tax asset, net		285		17,405		17,690
Goodwill		57,203		(2,378)		54,825
Other assets		342		—		342
Total assets	$	112,603	$	15,425	$	128,028
Liabilities and stockholders’ equity
Current liabilities:
Current portion of debt	$	—	$	—	$	—
Accrued expenses and other liabilities		3,190		1,008		4,198
Deferred revenue		22,268		—		22,268
Total current liabilities		25,458		1,008		26,466
Other long-term liabilities		280		—		280
Deferred tax liability, net		30,973		(30,973)		—
Total liabilities		56,711		(29,965)		26,746
Total stockholders’ equity		55,892		45,390		101,282
Total liabilities and stockholders’ equity	$	112,603	$	15,425	$	128,028
Condensed Balance Sheet Data December 31, 2015	Reis Services		Other (A)		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	28,465	$	193	$	28,658
Restricted cash and investments		212		—		212
Accounts receivable, net		13,741		—		13,741
Prepaid and other assets		417		253		670
Total current assets		42,835		446		43,281
Furniture, fixtures and equipment, net		798		6		804
Intangible assets, net		15,687		—		15,687
Deferred tax asset, net		285		18,145		18,430
Goodwill		57,203		(2,378)		54,825
Other assets		172		—		172
Total assets	$	116,980	$	16,219	$	133,199
Liabilities and stockholders’ equity
Current liabilities:
Current portion of debt	$	—	$	—	$	—
Accrued expenses and other liabilities		4,502		1,397		5,899
Deferred revenue		25,291		—		25,291
Liabilities attributable to discontinued operations		—		146		146
Total current liabilities		29,793		1,543		31,336
Other long-term liabilities		284		—		284
Deferred tax liability, net		29,498		(29,498)		—
Total liabilities		59,575		(27,955)		31,620
Total stockholders’ equity		57,405		44,174		101,579
Total liabilities and stockholders’ equity	$	116,980	$	16,219	$	133,199

(A) Includes the assets and liabilities of the Company’s discontinued operations, to the extent that such assets and liabilities existed at the date presented, and includes cash, other assets and liabilities not specifically attributable to or allocable to the Reis Services segment.

(amounts in thousands)

Condensed Operating Data for the Three Months Ended March 31, 2016	Reis Services		Other (A)		Consolidated
Subscription revenue	$	12,824	$	—	$	12,824
Cost of sales of subscription revenue		2,462		—		2,462
Gross profit		10,362		—		10,362
Operating expenses:
Sales and marketing		2,668		—		2,668
Product development		1,005		—		1,005
General and administrative expenses		2,796		1,289		4,085
Total operating expenses		6,469		1,289		7,758
Other income (expenses):
Interest and other income		8		—		8
Interest expense		(21)		—		(21)
Total other income (expenses)		(13)		—		(13)
Income (loss) before income taxes and discontinued operations	$	3,880	$	(1,289)	$	2,591
Income (loss) from discontinued operations, before income taxes	$	—	$	—	$	—

Condensed Operating Data for the Three Months Ended March 31, 2015	Reis Services		Other (A)		Consolidated
Subscription revenue	$	11,131	$	—	$	11,131
Cost of sales of subscription revenue		2,186		—		2,186
Gross profit		8,945		—		8,945
Operating expenses:
Sales and marketing		2,653		—		2,653
Product development		863		—		863
General and administrative expenses		2,160		1,161		3,321
Total operating expenses		5,676		1,161		6,837
Other income (expenses):
Interest and other income		7		—		7
Interest expense		(28)		—		(28)
Total other income (expenses)		(21)		—		(21)
Income (loss) before income taxes and discontinued operations	$	3,248	$	(1,161)	$	2,087
(Loss) from discontinued operations, before income taxes	$	—	$	(118)	$	(118)

(A) Includes the results of the Company’s discontinued operations, to the extent that such operations existed during the periods presented, and includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the Reis Services segment.

Accounts Receivable Balances of Reis Services

The following table presents the accounts receivable balances of Reis Services at March 31, 2016 and December 31, 2015:

	March 31, 2016		December 31, 2015
Accounts receivable	$	7,216,000	$	13,828,000
Allowance for doubtful accounts		(109,000)		(87,000)
Accounts receivable, net	$	7,107,000	$	13,741,000

Income (Loss) from Discontinued Operations

Income (loss) from discontinued operations was comprised of the following in the 2015 period (there were no discontinued operations activities in the 2016 period):

	For the Three Months Ended March 31, 2015
Litigation recoveries	$	—
Other (expense), net		(118,000)
(Loss) from discontinued operations before income tax		(118,000)
Income tax (benefit) from discontinued operations		(47,000)
(Loss) from discontinued operations, net of income tax (benefit)	$	(71,000)