XML 48 R26.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2018
Accounting Policies [Abstract]  
Schedule of Adoption of New Accounting Pronouncements The adoption of this ASU had a $0.3 million cumulative effect on the Company's 2018 results, with a corresponding adjustment to additional paid-in capital (amounts below in thousands, except per share data):
 
First Quarter
 
Second Quarter
 
Reported
 
Recast
 
Reported
 
Recast
Income statement data:
 
 
 
 
 
 
 
Wealth management services cost of revenue
$
63,067

 
$
63,064

 
$
62,452

 
$
62,149

Operating income (loss)
52,734

 
52,737

 
38,823

 
39,126

Net income (loss)
45,543

 
45,546

 
35,157

 
35,460

Net income (loss) attributable to Blucora, Inc.
45,338

 
45,341

 
34,935

 
35,238

 
 
 
 
 
 
 
 
Net income (loss) per share attributable to Blucora, Inc.:
 
 
 
 
 
 
 
Basic
$
0.97

 
$
0.97

 
$
0.74

 
$
0.75

 
 
 
 
 
 
 
 
Weighted average shares outstanding:
 
 
 
 
 
 
 
Basic
46,641

 
46,641

 
47,221

 
47,221

Cash, Cash Equivalents, and Restricted Cash as Reported on the Consolidated Balance Sheets The following table presents cash, cash equivalents, and restricted cash as reported on the consolidated balance sheets that equal the total amounts on the consolidated statements of cash flows (in thousands):
 
December 31,
 
2018
 
2017
Cash and cash equivalents
$
84,524

 
$
59,965

Cash segregated under federal or other regulations
842

 
1,371

Restricted cash included in "Prepaid expenses and other current assets, net"

 
425

Restricted cash included in "Other long-term assets"

 
550

Total cash, cash equivalents, and restricted cash
$
85,366

 
$
62,311

Cash, Cash Equivalents, and Restricted Cash as Reported on the Consolidated Balance Sheets The following table presents cash, cash equivalents, and restricted cash as reported on the consolidated balance sheets that equal the total amounts on the consolidated statements of cash flows (in thousands):
 
December 31,
 
2018
 
2017
Cash and cash equivalents
$
84,524

 
$
59,965

Cash segregated under federal or other regulations
842

 
1,371

Restricted cash included in "Prepaid expenses and other current assets, net"

 
425

Restricted cash included in "Other long-term assets"

 
550

Total cash, cash equivalents, and restricted cash
$
85,366

 
$
62,311

Summary of Estimated Useful Life of Property and Equipment Depreciation is computed under the straight-line method over the following estimated useful lives:
Computer equipment and software
3 years
Data center servers
3 years
Internally-developed software
3 years
Office equipment
7 years
Office furniture
7 years
Leasehold improvements
Shorter of lease term or economic life