Quarterly Financial Information (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Summary of Condensed Consolidated Statements of Operations

Following is a summary of unaudited quarterly financial information for 2015 and 2014:

	Condensed Consolidated Statements of Operations
	2015
	Q4		Q3		Q2		Q1
			(in thousands, except per share data)
Revenue	$	25,028	$	26,435	$	28,873	$	26,265
Gross profit		4,916		4,873		5,232		5,449
Income from operations		1,297		1,387		1,871		1,876
Net income	$	1,140	$	1,245	$	1,885	$	1,823
Basic income per share	$	0.09	$	0.10	$	0.16	$	0.15
Diluted income per share	$	0.09	$	0.10	$	0.15	$	0.15
Shares used in calculation of income per share:
Basic		12,047		11,959		11,856		11,778
Diluted		12,649		12,466		12,295		12,057

	Condensed Consolidated Statements of Operations
	2014
	Q4		Q3		Q2		Q1
			(in thousands, except per share data)
Revenue	$	25,595	$	24,535	$	23,055	$	22,731
Gross profit		4,764		3,963		4,265		3,535
Income (loss) from operations		1,288		723		670		(197	)
Net income (loss)	$	1,396	$	691	$	651	$	(393	)
Basic income (loss) per share	$	0.12	$	0.06	$	0.06	$	(0.03	)
Diluted income (loss) per share	$	0.12	$	0.06	$	0.06	$	(0.03	)
Shares used in calculation of income (loss) per share:
Basic		11,735		11,655		11,510		11,390
Diluted		11,945		11,832		11,715		11,390

Summary of Condensed Consolidated Balance Sheets

	Condensed Consolidated Balance Sheets
	2015
	December 31			September 30			June 30			March 31
	(in thousands)
Cash, cash equivalents and short-term investments	$	29,723		$	29,311		$	29,430		$	26,594
Accounts receivable, net		19,009			15,560			15,418			13,490
Total current assets		49,312			45,395			45,557			40,799
Total assets		55,258			51,593			51,813			47,161
Third-party software fees payable		11,789			10,184			12,361			10,793
Accounts payable		188			285			191			211
Accrued compensation		2,390			2,333			2,173			1,738
Other accrued expenses		1,277			1,320			1,501			1,374
Total current liabilities		17,077			15,120			17,147			14,951
Common stock		133,331			132,601			131,962			131,410
Accumulated deficit		(95,555	)		(96,695	)		(97,940	)		(99,825	)
Total shareholders' equity		36,907			35,077			33,189			30,662
Total liabilities and shareholders' equity		55,258			51,593			51,813			47,161

	Condensed Consolidated Balance Sheets
	2014
	December 31			September 30			June 30			March 31
	(in thousands)
Cash, cash equivalents and short-term investments	$	26,390		$	25,221		$	24,131		$	22,976
Accounts receivable, net		13,626			11,749			11,235			13,130
Total current assets		40,733			37,427			36,941			37,926
Total assets		47,241			43,942			43,428			44,601
Third-party software fees payable		12,247			9,941			9,528			11,424
Accounts payable		165			171			61			187
Accrued compensation		2,106			1,843			2,160			1,722
Other accrued expenses		1,539			1,607			1,661			1,711
Total current liabilities		17,044			15,066			15,418			17,751
Common stock		131,071			130,709			130,449			129,946
Accumulated deficit		(101,648	)		(103,044	)		(103,735	)		(104,385	)
Total shareholders' equity		28,577			26,940			26,086			24,879
Total liabilities and shareholders' equity		47,241			43,942			43,428			44,601