Revenue (Tables)

9 Months Ended

Sep. 30, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following table depicts the disaggregation of revenue according to category for the three and nine months ended September 30, 2018 compared to the three and nine months ended September 30, 2017 (in thousands):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2018		2017		2018		2017
Local marketplace	$	23,383	$	19,851	$	67,576	$	57,408
Transactions	9,733		7,891		25,050		21,181
National online advertising	6,794		9,054		20,666		29,035
Publishing and other	3,147		3,813		11,224		12,727
Total net revenue	$	43,057	$	40,609	$	124,516	$	120,351

Schedule of New Accounting Pronouncements and Changes in Accounting Principles

The following table presents the effect of the adoption of ASU 2014-09 on the Company's Consolidated Balance Sheet as of December 31, 2017 (in thousands):

	December 31, 2017
	As Reported			Adoption of ASU 2014-09			As Adjusted
Accounts receivable, net of allowance	$	16,399		$	976		$	17,375
Prepaid expenses and other current assets	5,102			225			5,327
Total current assets	127,593			1,201			128,794
Deferred tax assets, net	6,500			(376		)	6,124
Other assets	118			105			223
Total assets	204,120			930			205,050
Accrued compensation and employee benefits	6,490			121			6,611
Accounts payable and accrued expenses	5,271			2			5,273
Deferred revenue	14,113			(222		)	13,891
Total current liabilities	25,874			(99		)	25,775
Other liabilities	1,792			(16		)	1,776
Total liabilities	31,031			(115		)	30,916
Accumulated deficit	(7,864		)	1,045			(6,819		)
Total stockholders’ equity	173,089			1,045			174,134
Total liabilities and stockholders’ equity	$	204,120		$	930		$	205,050

The following table presents the effect of the adoption of ASU 2014-09 on the Company's Condensed Consolidated Statement of Operations for the three months ended September 30, 2017 (in thousands, except per share amounts):

	Three months ended September 30, 2017
	As Reported		Adoption of ASU 2014-09			As Adjusted
Net revenue	$	40,237	$	372		$	40,609
Cost of revenue	2,314		(7		)	2,307
Sales and marketing	12,220		(23		)	12,197
Total costs and expenses	35,040		(31		)	35,009
Income from operations	5,197		403			5,600
Income before income taxes	5,325		403			5,728
Income tax expense	1,984		164			2,148
Net income	3,341		239			3,580
Net income per share - basic	$	0.13	$	0.01		$	0.14
Net income per share - diluted	$	0.13	$	0.01		$	0.14

The following table presents the effect of the adoption of ASU 2014-09 on the Company's Condensed Consolidated Statement of Operations for the nine months ended September 30, 2017 (in thousands, except per share amounts):

	Nine Months Ended September 30, 2017
	As Reported		Adoption of ASU 2014-09		As Adjusted
Net revenue	$	118,223	$	2,128	$	120,351
Cost of revenue	7,009		124		7,133
Sales and marketing	39,732		29		39,761
Total costs and expenses	109,852		153		110,005
Income from operations	8,371		1,975		10,346
Income before income taxes	7,526		1,975		9,501
Income tax expense	2,432		793		3,225
Net income	5,094		1,182		6,276
Net income per share - basic	$	0.20	$	0.05	$	0.25
Net income per share - diluted	$	0.20	$	0.05	$	0.25

The following table presents the effect of the adoption of ASU 2014-09 on the Company's revenue categories for the three months ended September 30, 2017:

	Three Months Ended September 30, 2017
	As Reported		Adoption of ASU 2014-09			As Adjusted
Local marketplace	$	20,130	$	(279	)	$	19,851
Transactions	7,950		(59		)	7,891
National online advertising	8,842		212			9,054
Publishing and other	3,315		498			3,813
Net revenue	$	40,237	$	372		$	40,609

The following table presents the effect of the adoption of ASU 2014-09 on the Company's revenue categories for the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
	As Reported		Adoption of ASU 2014-09			As Adjusted
Local marketplace	$	57,555	$	(147	)	$	57,408
Transactions	21,102		79			21,181
National online advertising	27,516		1,519			29,035
Publishing and other	12,050		677			12,727
Net revenue	$	118,223	$	2,128		$	120,351

The following table presents the effect of the adoption of ASU 2014-09 on the Company's Condensed Consolidated Statement of Cash Flows for the nine months ended September 30, 2017:

	Nine Months Ended September 30, 2017
	As Reported			Adoption of ASU 2014-09			As Adjusted
Net income	$	5,094		$	1,182		$	6,276
Deferred income taxes	986			795			1,781
Decrease in accounts receivable	3,106			(1,415		)	1,691
Increase in prepaid expenses and other assets, net	(895		)	24			(871		)
Decrease in accrued compensation and employee benefits	(2,170		)	125			(2,045		)
Increase in accounts payable and accrued expenses	321			—			321
Decrease in deferred revenue	(1,731		)	(711		)	(2,442		)