| Allowance for Doubtful Accounts and Advertiser Credit Activity |
The allowance for doubtful accounts activity for the periods indicated is as follows (in thousands):
|
|
|
Balance at
beginning
of period |
|
|
Charged to
costs and
expenses |
|
|
Write-offs,
net of
recoveries |
|
|
Balance at
end of
period |
|
|
December 31, 2015 |
|
|
583 |
|
|
|
61 |
|
|
|
160 |
|
|
|
484 |
|
|
December 31, 2016 |
|
|
484 |
|
|
|
90 |
|
|
|
75 |
|
|
|
499 |
|
|
December 31, 2017 |
|
|
499 |
|
|
|
161 |
|
|
|
34 |
|
|
|
626 |
|
Allowance for Advertiser Credits
The allowance for advertiser credits is the Company’s best estimate of the amount of expected future reductions in advertisers’ payment obligations related to delivered services. The Company determines the allowance for advertiser credits and adjustments based on analysis of historical credits.
The allowance for advertiser credits activity for the periods indicated is as follows (in thousands):
|
|
|
Balance at
beginning
of period |
|
|
Additions
charged
against
revenue |
|
|
Credits
processed |
|
|
Balance at
end of
period |
|
|
December 31, 2015 |
|
|
1,018 |
|
|
|
263 |
|
|
|
756 |
|
|
|
525 |
|
|
December 31, 2016 |
|
|
525 |
|
|
|
1,592 |
|
|
|
1,179 |
|
|
|
938 |
|
|
December 31, 2017 |
|
|
938 |
|
|
|
65 |
|
|
|
390 |
|
|
|
613 |
|
|
| Computation of Net Income (Loss) per Share Basic and Diluted |
The following table presents the computation of basic net income (loss) per share for the periods ended (in thousands, except per share amounts):
|
|
|
Twelve months ended December 31, |
|
|
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
|
|
Class A |
|
|
Class B |
|
|
Class A |
|
|
Class B |
|
|
Class A |
|
|
Class B |
|
|
Basic net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
$ |
(81 |
) |
|
$ |
(516 |
) |
|
$ |
(10,452 |
) |
|
$ |
(73,614 |
) |
|
$ |
(786 |
) |
|
$ |
(5,301 |
) |
|
Dividends applicable to participating securities |
|
|
— |
|
|
|
(37 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(355 |
) |
|
Net loss from continuing operations applicable
to common stockholders |
|
$ |
(81 |
) |
|
$ |
(553 |
) |
|
$ |
(10,452 |
) |
|
$ |
(73,614 |
) |
|
$ |
(786 |
) |
|
$ |
(5,656 |
) |
|
Discontinued operations, net of tax |
|
|
3,472 |
|
|
|
23,846 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Net income (loss) applicable to common
stockholders |
|
$ |
3,391 |
|
|
$ |
23,293 |
|
|
$ |
(10,452 |
) |
|
$ |
(73,614 |
) |
|
$ |
(786 |
) |
|
$ |
(5,656 |
) |
|
Denominator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted average number of shares
outstanding used to calculate basic net
income (loss) per share |
|
|
5,233 |
|
|
|
35,935 |
|
|
|
5,190 |
|
|
|
36,550 |
|
|
|
5,056 |
|
|
|
37,657 |
|
|
Basic net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations applicable
to common stockholders |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.15 |
) |
|
Discontinued operations, net of tax |
|
|
0.66 |
|
|
|
0.66 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Basic net income (loss) per share applicable to
common stockholders |
|
$ |
0.65 |
|
|
$ |
0.65 |
|
|
$ |
(2.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.15 |
) |
The following table presents the computation of diluted net income (loss) per share for the periods ended (in thousands, except per share amounts):
|
|
|
Twelve months ended December 31, |
|
|
|
|
2015 |
|
|
2016 |
|
|
2017 |
|
|
|
|
Class A |
|
|
Class B |
|
|
Class A |
|
|
Class B |
|
|
Class A |
|
|
Class B |
|
|
Diluted net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Numerator: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations |
|
$ |
(81 |
) |
|
$ |
(516 |
) |
|
$ |
(10,452 |
) |
|
$ |
(73,614 |
) |
|
$ |
(786 |
) |
|
$ |
(5,301 |
) |
|
Dividends applicable to participating securities |
|
|
— |
|
|
|
(37 |
) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(355 |
) |
|
Reallocation of net loss for Class A shares as
a result of conversion of Class A to Class B
shares |
|
|
— |
|
|
|
(81 |
) |
|
|
— |
|
|
|
(10,452 |
) |
|
|
— |
|
|
|
(786 |
) |
|
Net loss from continuing operations
applicable to common stockholders |
|
$ |
(81 |
) |
|
$ |
(634 |
) |
|
$ |
(10,452 |
) |
|
$ |
(84,066 |
) |
|
$ |
(786 |
) |
|
$ |
(6,442 |
) |
|
Discontinued operations, net of tax |
|
|
3,472 |
|
|
|
23,846 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Reallocation of discontinued operations for
Class A shares as a result of conversion of
Class A to Class B share |
|
|
— |
|
|
|
3,472 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Diluted discontinued operations, net of tax |
|
$ |
3,472 |
|
|
$ |
27,318 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
Net income (loss) applicable to common
stockholders |
|
$ |
3,391 |
|
|
$ |
26,684 |
|
|
$ |
(10,452 |
) |
|
$ |
(84,066 |
) |
|
$ |
(786 |
) |
|
$ |
(6,442 |
) |
|
Weighted average number of shares
outstanding used to calculate basic net
income (loss) per share |
|
|
5,233 |
|
|
|
35,935 |
|
|
|
5,190 |
|
|
|
36,550 |
|
|
|
5,056 |
|
|
|
37,657 |
|
|
Conversion of Class A to Class B common
shares outstanding |
|
|
— |
|
|
|
5,233 |
|
|
|
— |
|
|
|
5,190 |
|
|
|
— |
|
|
|
5,056 |
|
|
Weighted average number of shares
outstanding used to calculate diluted net
income (loss) per share |
|
|
5,233 |
|
|
|
41,168 |
|
|
|
5,190 |
|
|
|
41,740 |
|
|
|
5,056 |
|
|
|
42,713 |
|
|
Diluted net income (loss) per share: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net loss from continuing operations applicable
to common stockholders |
|
$ |
(0.01 |
) |
|
$ |
(0.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.15 |
) |
|
Discontinued operations, net of tax |
|
|
0.66 |
|
|
|
0.66 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
Diluted net income (loss) per share applicable
to common stockholders |
|
$ |
0.65 |
|
|
$ |
0.65 |
|
|
$ |
(2.01 |
) |
|
$ |
(2.01 |
) |
|
$ |
(0.16 |
) |
|
$ |
(0.15 |
) |
|