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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenue $ 43,057 $ 40,609 $ 124,516 $ 120,351
Costs and expenses (exclusive of depreciation and amortization, shown separately below):        
Cost of revenue 1,793 2,307 6,050 7,133
Product and content development 12,620 11,131 35,445 34,137
Sales and marketing 13,187 12,197 38,967 39,761
General and administrative 9,075 7,809 23,307 23,740
Depreciation and amortization 1,350 1,565 4,664 5,234
Total costs and expenses 38,025 35,009 108,433 110,005
Income from operations 5,032 5,600 16,083 10,346
Loss in equity interests (24) (33) (67) (1,204)
Interest and other income, net 246 161 657 359
Income before income taxes 5,254 5,728 16,673 9,501
Income tax expense 960 2,148 3,482 3,225
Net income $ 4,294 $ 3,580 $ 13,191 $ 6,276
Net income per share:        
Basic earnings per share (in dollars per share) $ 0.17 $ 0.14 $ 0.52 $ 0.25
Diluted earnings per share (in dollars per share) $ 0.17 $ 0.14 $ 0.51 $ 0.25
Weighted average number of shares used in calculating net income per share:        
Basic (in shares) 25,220 24,858 25,130 25,054
Diluted (in shares) 26,011 25,124 25,717 25,353
Restricted stock        
Weighted average number of shares used in calculating net income per share:        
Dilutive securities included in dilutive shares (in shares) 339 226 306 262
Options        
Weighted average number of shares used in calculating net income per share:        
Dilutive securities included in dilutive shares (in shares) 452 40 278 35
Employee Stock Purchase Plan        
Weighted average number of shares used in calculating net income per share:        
Dilutive securities included in dilutive shares (in shares) 0 0 3 2