Segment Information

6 Months Ended

Jun. 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 tax expense 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 June 30,						Six months ended June 30,
	2014			2013			2014			2013
Revenues:
Search and Content	$	79,818		$	94,497		$	186,583		$	195,098
Tax Preparation	26,452			22,684			98,731			87,421
E-Commerce	35,299			—			72,438			—
Total revenues	141,569			117,181			357,752			282,519
Operating income:
Search and Content	14,032			17,912			33,262			36,182
Tax Preparation	17,211			14,438			54,613			45,222
E-Commerce	2,378			—			5,856			—
Corporate-level activity	(15,847		)	(11,973		)	(31,341		)	(23,768		)
Total operating income	17,774			20,377			62,390			57,636
Other loss, net	(3,724		)	(6,304		)	(7,793		)	(7,309		)
Income tax expense	(5,313		)	(5,667		)	(19,873		)	(18,313		)
Net income	$	8,737		$	8,406		$	34,724		$	32,014