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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Net revenue:        
Online advertising $ 28,737 $ 26,218 $ 56,099 $ 53,055
Transactions 8,190 6,431 13,152 10,635
Publishing and other 5,299 6,059 8,735 10,687
Total net revenue 42,226 38,708 77,986 74,377
Cost of revenue:        
Online advertising 919 684 1,850 1,299
Publishing and other 1,867 2,072 2,845 3,182
Total cost of revenue 2,786 2,756 4,695 4,481
Gross profit 39,440 35,952 73,291 69,896
Operating expenses:        
Product and content development 11,914 10,814 23,655 21,659
Sales and marketing 14,030 11,513 27,531 23,074
General and administrative 7,961 5,833 15,262 12,183
Depreciation and amortization 2,011 1,641 3,669 3,235
Total operating expenses 35,916 29,801 70,117 60,151
Income from operations 3,524 6,151 3,174 9,745
Loss in equity interests (1,054) (37) (1,171) (181)
Interest and other income / (expense), net 105 (18) 198 (19)
Income before income taxes 2,575 6,096 2,201 9,545
Income tax expense 1,134 2,331 448 2,755
Net income $ 1,441 $ 3,765 $ 1,753 $ 6,790
Net income per share:        
Basic $ 0.06 $ 0.15 $ 0.07 $ 0.27
Diluted $ 0.06 $ 0.15 $ 0.07 $ 0.26
Weighted average number of shares used in calculating net earnings per share:        
Basic (shares) 24,958 25,393 25,154 25,328
Diluted (shares) 25,182 25,677 25,469 25,637
Restricted stock        
Weighted average number of shares used in calculating net earnings per share:        
Dilutive securities included in dilutive shares (shares) 191 260 280 291
Options        
Weighted average number of shares used in calculating net earnings per share:        
Dilutive securities included in dilutive shares (shares) 31 21 33 17
Employee Stock Purchase Plan        
Weighted average number of shares used in calculating net earnings per share:        
Dilutive securities included in dilutive shares (shares) 2 3 2 1