Segment Information (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016	Reis         Services		Other (A)		Consolidated
Assets
Current assets:
Cash and cash equivalents	$	22,782	$	2,379	$	25,161
Restricted cash and investments		212		—		212
Accounts receivable, net		7,117		—		7,117
Prepaid and other assets		878		264		1,142
Total current assets		30,989		2,643		33,632
Furniture, fixtures and equipment, net		2,892		—		2,892
Intangible assets, net		17,594		—		17,594
Deferred tax asset, net		285		16,717		17,002
Goodwill		57,203		(2,378)		54,825
Other assets		312		—		312
Total assets	$	109,275	$	16,982	$	126,257
Liabilities and stockholders’ equity
Current liabilities:
Current portion of debt	$	—	$	—	$	—
Accrued expenses and other liabilities		3,012		309		3,321
Deferred revenue		22,094		—		22,094
Total current liabilities		25,106		309		25,415
Other long-term liabilities		1,216		—		1,216
Deferred tax liability, net		32,585		(32,585)		—
Total liabilities		58,907		(32,276)		26,631
Total stockholders’ equity		50,368		49,258		99,626
Total liabilities and stockholders’ equity	$	109,275	$	16,982	$	126,257
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 September 30, 2016	Reis         Services		Other (A)		Consolidated
Subscription revenue	$	11,538	$	—	$	11,538
Cost of sales of subscription revenue		2,926		—		2,926
Gross profit		8,612		—		8,612
Operating expenses:
Sales and marketing		2,890		—		2,890
Product development		1,001		—		1,001
General and administrative expenses		3,005		929		3,934
Total operating expenses		6,896		929		7,825
Other income (expenses):
Interest and other income		5		—		5
Interest expense		(29)		—		(29)
Total other income (expenses)		(24)		—		(24)
Income (loss) before income taxes and discontinued operations	$	1,692	$	(929)	$	763
Income from discontinued operations, before income taxes	$	—	$	—	$	—

Condensed Operating Data for the Three Months Ended September 30, 2015	Reis         Services		Other (A)		Consolidated
Subscription revenue	$	12,137	$	—	$	12,137
Cost of sales of subscription revenue		2,364		—		2,364
Gross profit		9,773		—		9,773
Operating expenses:
Sales and marketing		2,804		—		2,804
Product development		926		—		926
General and administrative expenses		2,528		1,070		3,598
Total operating expenses		6,258		1,070		7,328
Other income (expenses):
Interest and other income		11		—		11
Interest expense		(28)		—		(28)
Total other income (expenses)		(17)		—		(17)
Income (loss) before income taxes and discontinued operations	$	3,498	$	(1,070)	$	2,428
Income from discontinued operations, before income taxes	$	—	$	226	$	226

(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.

  (amounts in thousands)

Condensed Operating Data for the Nine Months Ended September 30, 2016	Reis         Services		Other (A)		Consolidated
Subscription revenue	$	35,976	$	—	$	35,976
Cost of sales of subscription revenue		7,882		—		7,882
Gross profit		28,094		—		28,094
Operating expenses:
Sales and marketing		8,583		—		8,583
Product development		3,022		—		3,022
General and administrative expenses		8,336		3,219		11,555
Total operating expenses		19,941		3,219		23,160
Other income (expenses):
Interest and other income		19		—		19
Interest expense		(78)		—		(78)
Total other income (expenses)		(59)		—		(59)
Income (loss) before income taxes and discontinued operations	$	8,094	$	(3,219)	$	4,875
Income from discontinued operations, before income taxes	$	—	$	—	$	—

Condensed Operating Data for the Nine Months Ended September 30, 2015	Reis         Services		Other (A)		Consolidated
Subscription revenue	$	36,684	$	—	$	36,684
Cost of sales of subscription revenue		6,684		—		6,684
Gross profit		30,000		—		30,000
Operating expenses:
Sales and marketing		8,918		—		8,918
Product development		2,678		—		2,678
General and administrative expenses		6,912		3,390		10,302
Total operating expenses		18,508		3,390		21,898
Other income (expenses):
Interest and other income		26		—		26
Interest expense		(84)		—		(84)
Total other income (expenses)		(58)		—		(58)
Income (loss) before income taxes and discontinued operations	$	11,434	$	(3,390)	$	8,044
Income from discontinued operations, before income taxes	$	—	$	2,001	$	2,001

(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 September 30, 2016 and December 31, 2015:

	September 30,     2016		December 31,     2015
Accounts receivable	$	7,273,000	$	13,828,000
Allowance for doubtful accounts		(156,000)		(87,000)
Accounts receivable, net	$	7,117,000	$	13,741,000

Income from Discontinued Operations

Income from discontinued operations was comprised of the following for the three and nine months ended September 30, 2015 (there were no discontinued operations activities for the three or nine months ended September 30, 2016):

	For the Three Months Ended     September 30, 2015		For the Nine Months Ended       September 30, 2015
Litigation recoveries	$	414,000	$	2,764,000
Other (expense), net		(188,000)		(763,000)
Income from discontinued operations before income tax		226,000		2,001,000
Income tax expense from discontinued operations		89,000		797,000
Income from discontinued operations, net of income tax expense	$	137,000	$	1,204,000