XML 47 R33.htm IDEA: XBRL DOCUMENT v3.3.1.900
Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Data [Abstract]  
Schedule of Quarterly Financial Information
The following tables set forth certain unaudited condensed consolidated quarterly statement of operations data for the eight quarters ended December 31, 2015. This information is unaudited, but in the opinion of management, it has been prepared substantially on the same basis as the audited consolidated financial statements and all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly the unaudited consolidated quarterly results of operations. The condensed consolidated quarterly data should be read in conjunction with our audited consolidated financial statements and the notes to such statements. The results of operations for any quarter are not necessarily indicative of the results of operations for any future period.
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
  
 
(In Thousands, Except for Per Share Data)
2015
 
  

 
  

 
  

 
  

Net revenue:
 
  

 
  

 
  

 
  

Online advertising
 
$
23,916

 
$
24,725

 
$
25,038

 
$
28,026

Transactions
 
2,294

 
4,163

 
4,809

 
3,434

Merchandise
 
878

 
—

 
—

 
—

Publishing and other
 
5,514

 
7,302

 
4,859

 
6,686

Total net revenue
 
32,602

 
36,190

 
34,706

 
38,146

Gross profit
 
29,947

 
33,344

 
32,656

 
35,310

Net income(loss)(2)
 
$
1,445

 
$
3,311

 
$
2,866

 
$
(2,158
)
Net income (loss) per share(1); (2):
 
  

 
  

 
  

 
  

Basic
 
$
0.06

 
$
0.13

 
$
0.11

 
$
(0.09
)
Diluted
 
$
0.06

 
$
0.13

 
$
0.11

 
$
(0.09
)
2014
 
  

 
  

 
  

 
  

Net revenue:
 
  

 
  

 
  

 
  

Online advertising
 
$
21,349

 
$
22,051

 
$
22,122

 
$
24,027

Transactions
 
1,886

 
3,072

 
3,430

 
1,982

Merchandise
 
3,653

 
4,775

 
4,473

 
3,007

Publishing and other
 
5,532

 
8,432

 
5,833

 
8,040

Total net revenue
 
32,420

 
38,330

 
35,858

 
37,056

Gross profit
 
27,960

 
32,288

 
30,997

 
31,224

Net income (loss)(3)
 
(676
)
 
3,047

 
2,084

 
(3,993
)
Net income (loss) per share(1)(3):
 
  

 
  

 
  

 
  

Basic
 
$
(0.03
)
 
$
0.12

 
$
0.08

 
$
(0.16
)
Diluted
 
$
(0.03
)
 
$
0.12

 
$
0.08

 
$
(0.16
)

(1)
The sum of the quarterly earnings per share may not equal the full-year amount, as the computations of the weighted-average number of common basic and diluted shares outstanding for each quarter and the full year are performed independently.
(2)
During the three months ended December 31, 2015, the Company recognized an impairment expense of $4.0 million related to Touch Media which is included in "Interest and other (expense) income, net".
(3)
During the three months ended December 31, 2014, the Company recorded a loss related to the disposition of its Ijie operations of approximately $3.2 million.