Stockholders’ Equity (Tables)

12 Months Ended

Dec. 31, 2014

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Share-based compensation expense included in costs and expenses

Share-based compensation expense is included in costs and expenses in the Consolidated Statements of Income and Comprehensive Income as follows:  

	Years Ended December 31,
	2014		2013
	(in thousands)
Share-based compensation expense:
Cost of revenues	$	69	$	50
Sales and marketing		544		153
Technology support		251		206
General and administrative		562		297
Share-based compensation expense		1,426		706
Amount capitalized to internal use software		5		2
Total share-based compensation expense	$	1,421	$	704

Fair value of stock options granted using the following weighted average assumptions

Awards granted under the Company’s stock option plans, the 2013 Advanced Mobile Inducement Options and 2014 AutoUSA Inducement Options were estimated to have a weighted average grant date fair value per share of $6.86 and $2.57 for the years ended December 31, 2014 and 2013, respectively, based on the Black-Scholes option-pricing model on the date of grant using the following weighted average assumptions:

	Years Ended December 31,
	2014			2013
Expected volatility		56	%		65	%
Expected risk-free interest rate		1.4	%		0.8	%
Expected life (years)		4.3			4.3

Outstanding stock options

A summary of the Company’s outstanding stock options as of December 31, 2014, and changes during the year then ended is presented below:

	Number of Options			Weighted Average Exercise Price per Share		Weighted Average Remaining Contractual Term		Aggregate Intrinsic Value
						(years)		(thousands)
Outstanding at December 31, 2013		1,631,803		$	5.59		4.5
Granted		513,750			15.26
Exercised		(134,668	)		4.18
Forfeited or expired		(39,616	)		28.94
Outstanding at December 31, 2014		1,971,269		$	7.73		4.5	$	9,274
Vested and expected to vest at December 31, 2014		1,909,670		$	7.60		4.5	$	9,167
Exercisable at December 31, 2014		1,318,440		$	5.11		3.8	$	8,346

Shares reserved for issuance

The Company had the following shares of common stock reserved for future issuance upon the exercise or issuance of equity instruments as of December 31, 2014:

	Number of Shares
Stock options outstanding		1,971,269
Authorized for future grants under stock-based incentive plans		1,054,066
Reserved for exercise of Warrants		469,930
Reserved for conversion of promissory notes		1,136,468
Total		4,631,733