XML 33 R4.htm IDEA: XBRL DOCUMENT v3.2.0.727
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net revenue, non-directly delivered programs $ 16,525 $ 18,092 $ 16,619 $ 18,208
Gross revenue, directly delivered programs 2,956 3,565 3,132 3,838
Total revenue 19,481 21,657 19,751 22,046
Cost of sales, directly delivered programs 1,826 2,234 1,954 2,443
Cost of sales, program merchandise markdown 0 554 0 554
Gross margin 17,655 18,869 17,797 19,049
Operating expenses:        
Selling and marketing 3,064 5,827 7,593 12,500
General and administrative 1,429 3,307 3,746 6,228
Restructuring costs 0 1,431 0 1,539
Asset impairments 45 2,000 45 2,000
Total operating expenses 4,538 12,565 11,384 22,267
Operating income (loss) 13,117 6,304 6,413 (3,218)
Other income:        
Interest and dividend income 157 141 286 273
Foreign currency and other income (expense) (60) 5 (97) 8
Total other income 97 146 189 281
Income (loss) before income tax provision from continuing operations 13,214 6,450 6,602 (2,937)
Income tax provision 0 (1,815) 0 (259)
Net income (loss) from continuing operations 13,214 4,635 6,602 (3,196)
Discontinued operations:        
Loss from discontinued segment 0 (9,830) 0 (9,494)
Income tax benefit 0 1,010 0 954
Net loss from discontinued operations 0 (8,820) 0 (8,540)
Net Income (Loss) $ 13,214 $ (4,185) $ 6,602 $ (11,736)
Weighted-average common shares outstanding - basic (in shares) 17,298 17,047 17,291 16,789
Weighted-average common shares outstanding - diluted (in shares) 17,377 17,159 17,423 16,789
Discontinued operations weighted-average common shares outstanding - basic and diluted (in shares)   16,823   16,789
Net income (loss) from continuing operations per share - basic (in dollars per share) $ 0.76 $ 0.27 $ 0.38 $ (0.19)
Net income (loss) from continuing operations per share - diluted (in dollars per share) 0.76 0.27 0.38 (0.19)
Net loss from discontinued operations per share - basic and diluted (in dollars per share) 0 (0.52) 0 (0.51)
Total net income (loss) per share - basic and diluted (in dollars per share) $ 0.76 $ (0.25) $ 0.38 $ (0.70)