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Segment Information
9 Months Ended
Sep. 30, 2014
Segment Reporting [Abstract]  
Segment Information
Segment Information
The Company changed its segment reporting structure as a result of the Monoprice acquisition on August 22, 2013. The Search and Content segment (formerly known as the Search segment) is the InfoSpace business, which now includes HSW, the Tax Preparation segment is the TaxACT business, and the E-Commerce segment is the Monoprice business. The Company’s chief executive officer is its chief operating decision maker and reviews financial information presented on a disaggregated basis. This information is used for purposes of allocating resources and evaluating financial performance.
The Company does not allocate certain general and administrative costs (including personnel and overhead costs), stock-based compensation, depreciation, and amortization of intangible assets to the reportable segments. Such amounts are reflected in the table under the heading “Corporate-level activity.” In addition, the Company does not allocate other loss, net and income taxes to the reportable segments. The Company does not account for, and does not report to management, its assets or capital expenditures by segment other than goodwill and intangible assets used for impairment analysis purposes.
Information on reportable segments currently presented to the Company’s chief operating decision maker and a reconciliation to consolidated net income are presented below (in thousands):
 
 
Three months ended September 30,
 
Nine months ended September 30,
 
2014
 
2013
 
2014
 
2013
Revenues:
 
 
 
 
 
 
 
Search and Content
$
74,416

 
$
107,742

 
$
260,999

 
$
302,840

Tax Preparation
2,469

 
1,749

 
101,200

 
89,170

E-Commerce
37,970

 
14,630

 
110,408

 
14,630

Total revenues
114,855

 
124,121

 
472,607

 
406,640

Operating income (loss):
 
 
 
 
 
 
 
Search and Content
12,709

 
21,319

 
45,971

 
57,501

Tax Preparation
(1,859
)
 
(1,605
)
 
52,754

 
43,617

E-Commerce
3,336

 
906

 
9,192

 
906

Corporate-level activity
(15,510
)
 
(14,493
)
 
(46,851
)
 
(38,261
)
Total operating income (loss)
(1,324
)
 
6,127

 
61,066

 
63,763

Other loss, net
(3,208
)
 
(13,118
)
 
(11,001
)
 
(20,427
)
Income tax benefit (expense)
2,294

 
510

 
(17,579
)
 
(17,803
)
Net income (loss)
$
(2,238
)
 
$
(6,481
)
 
$
32,486

 
$
25,533