XML 105 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
Selected Quarterly Financial Information (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Information

The following table sets forth selected quarterly consolidated financial information for the years ended December 31, 2014 and 2013. The operating results for any given quarter are not necessarily indicative of results for any future period.

 

 

2014 Quarter Ended

 

 

2013 Quarter Ended

 

 

Mar.31

 

 

Jun.30

 

 

Sep.30

 

 

Dec.31

 

 

Mar.31

 

 

Jun.30

 

 

Sep.30

 

 

Dec.31

 

 

(in thousands, except per share data)

 

Revenue

$

18,422

 

 

$

19,029

 

 

$

20,762

 

 

$

26,624

 

 

$

11,974

 

 

$

13,476

 

 

$

16,071

 

 

$

17,680

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cost of revenue

 

4,899

 

 

 

5,519

 

 

 

5,911

 

 

 

8,091

 

 

 

4,198

 

 

 

4,123

 

 

 

4,501

 

 

 

4,935

 

Sales and marketing

 

8,531

 

 

 

9,585

 

 

 

10,718

 

 

 

10,876

 

 

 

5,682

 

 

 

6,541

 

 

 

7,571

 

 

 

8,335

 

General and administrative

 

10,009

 

 

 

12,915

 

 

 

13,798

 

 

 

15,009

 

 

 

8,803

 

 

 

7,220

 

 

 

7,852

 

 

 

7,085

 

Research and development

 

3,253

 

 

 

3,547

 

 

 

3,960

 

 

 

4,648

 

 

 

2,246

 

 

 

2,331

 

 

 

2,149

 

 

 

2,306

 

Amortization of intangible assets

 

2,301

 

 

 

2,293

 

 

 

2,369

 

 

 

3,569

 

 

 

2,491

 

 

 

1,544

 

 

 

2,176

 

 

 

2,259

 

Impairment related and other

 

-

 

 

 

836

 

 

 

256

 

 

 

95

 

 

 

170

 

 

 

127

 

 

 

470

 

 

 

3,525

 

Total operating expenses

 

28,993

 

 

 

34,695

 

 

 

37,012

 

 

 

42,288

 

 

 

23,590

 

 

 

21,886

 

 

 

24,719

 

 

 

28,445

 

Operating income (loss)

 

(10,571

)

 

 

(15,666

)

 

 

(16,250

)

 

 

(15,664

)

 

 

(11,616

)

 

 

(8,410

)

 

 

(8,648

)

 

 

(10,765

)

Other income (loss), net

 

300

 

 

 

637

 

 

 

83

 

 

 

4,280

 

 

 

(64

)

 

 

(46

)

 

 

(68

)

 

 

(4,032

)

Interest income

 

86

 

 

 

146

 

 

 

160

 

 

 

71

 

 

 

31

 

 

 

56

 

 

 

63

 

 

 

77

 

Interest expense

 

(511

)

 

 

(1,080

)

 

 

(9

)

 

 

(13

)

 

 

(321

)

 

 

(385

)

 

 

(370

)

 

 

(408

)

Income (loss) before income taxes, equity

     loss, discontinued operations and

     noncontrolling interest

 

(10,696

)

 

 

(15,963

)

 

 

(16,016

)

 

 

(11,326

)

 

 

(11,970

)

 

 

(8,785

)

 

 

(9,023

)

 

 

(15,128

)

Income tax (expense) benefit

 

(94

)

 

 

599

 

 

 

1,870

 

 

 

10,556

 

 

 

(73

)

 

 

(56

)

 

 

99

 

 

 

17,601

 

Equity loss

 

(312

)

 

 

(320

)

 

 

(144

)

 

 

-

 

 

 

(701

)

 

 

(923

)

 

 

(295

)

 

 

(1,044

)

Income (loss) from continuing operations

 

(11,102

)

 

 

(15,684

)

 

 

(14,290

)

 

 

(770

)

 

 

(12,744

)

 

 

(9,764

)

 

 

(9,219

)

 

 

1,429

 

Income (loss) from discontinued operations

 

48

 

 

 

1,315

 

 

 

2,426

 

 

 

10,237

 

 

 

28,226

 

 

 

2,448

 

 

 

4,980

 

 

 

196,685

 

Net income (loss)

 

(11,054

)

 

 

(14,369

)

 

 

(11,864

)

 

 

9,467

 

 

 

15,482

 

 

 

(7,316

)

 

 

(4,239

)

 

 

198,114

 

Less: Net income attributable to the noncontrolling

     interest

 

(904

)

 

 

(1,475

)

 

 

(1,184

)

 

 

(701

)

 

 

(3,586

)

 

 

(458

)

 

 

(907

)

 

 

(2,067

)

Net income (loss) attributable to Actua Corporation

$

(10,150

)

 

$

(12,894

)

 

$

(10,680

)

 

$

10,168

 

 

$

19,068

 

 

$

(6,858

)

 

$

(3,332

)

 

$

200,181

 

Amounts attributable Actua Corporation:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss) from continuing operations

$

(10,198

)

 

$

(14,209

)

 

$

(13,106

)

 

$

(69

)

 

$

(11,426

)

 

$

(9,025

)

 

$

(8,022

)

 

$

2,804

 

Net income (loss) from discontinued operations

 

48

 

 

 

1,315

 

 

 

2,426

 

 

 

10,237

 

 

 

30,494

 

 

 

2,167

 

 

 

4,690

 

 

 

197,377

 

Net income (loss)

$

(10,150

)

 

$

(12,894

)

 

$

(10,680

)

 

$

10,168

 

 

$

19,068

 

 

$

(6,858

)

 

$

(3,332

)

 

$

200,181

 

Basic income (loss) per share (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(0.27

)

 

$

(0.38

)

 

$

(0.35

)

 

$

(0.00

)

 

$

(0.31

)

 

$

(0.25

)

 

$

(0.22

)

 

$

0.08

 

Income (loss) from discontinued operations

 

0.00

 

 

 

0.03

 

 

 

0.06

 

 

 

0.28

 

 

 

0.83

 

 

 

0.06

 

 

 

0.13

 

 

 

5.38

 

Net income (loss) attributable to Actua Corporation

$

(0.27

)

 

$

(0.35

)

 

$

(0.29

)

 

$

0.28

 

 

$

0.52

 

 

$

(0.19

)

 

$

(0.09

)

 

$

5.46

 

Shares used in computation of basic income (loss)

     per share (1)

 

37,096

 

 

 

37,313

 

 

 

37,335

 

 

 

36,780

 

 

 

36,713

 

 

 

36,468

 

 

 

36,303

 

 

 

36,664

 

Diluted income (loss) per share (1)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) from continuing operations

$

(0.27

)

 

$

(0.38

)

 

$

(0.35

)

 

$

(0.00

)

 

$

(0.31

)

 

$

(0.25

)

 

$

(0.22

)

 

$

0.08

 

Income (loss) from discontinued operations

 

0.00

 

 

 

0.03

 

 

 

0.06

 

 

 

0.28

 

 

 

0.83

 

 

 

0.06

 

 

 

0.13

 

 

 

5.10

 

Net income (loss) attributable to Actua Corporation

$

(0.27

)

 

$

(0.35

)

 

$

(0.29

)

 

$

0.28

 

 

$

0.52

 

 

$

(0.19

)

 

$

(0.09

)

 

$

5.18

 

Shares used in computation of diluted income (loss)

     per share (1)

 

37,096

 

 

 

37,313

 

 

 

37,335

 

 

 

36,780

 

 

 

36,713

 

 

 

36,468

 

 

 

36,303

 

 

 

38,680

 

 

·

The sum of quarterly income (loss) per share differs from the full year amount due to changes in the number of shares outstanding during the year.