XML 33 R4.htm IDEA: XBRL DOCUMENT v3.3.0.814
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) [Abstract]        
Net revenue, non-directly delivered programs $ 8,090 $ 10,818 $ 24,708 $ 29,027
Gross revenue, directly delivered programs 6,050 5,896 9,183 9,734
Total revenue 14,140 16,714 33,891 38,761
Cost of sales, directly delivered programs 3,151 3,372 5,105 5,816
Cost of sales, program merchandise markdown 0 0 0 554
Gross margin 10,989 13,342 28,786 32,391
Operating expenses:        
Selling and marketing 1,784 8,369 9,378 20,868
General and administrative 2,186 2,418 5,932 8,647
Restructuring costs 0 217 0 1,756
Asset impairments 1,456 350 1,501 2,350
Total operating expenses 5,426 11,354 16,811 33,621
Operating income (loss) 5,563 1,988 11,975 (1,230)
Other income:        
Interest and dividend income 142 84 428 356
Foreign currency and other income (expense) 0 (2) (97) 6
Total other income 142 82 331 362
Income (loss) before income tax provision from continuing operations 5,705 2,070 12,306 (868)
Income tax provision (975) (158) (975) (416)
Net income (loss) from continuing operations 4,730 1,912 11,331 (1,284)
Discontinued operations:        
Income (loss) from discontinued segment 0 196 0 (9,298)
Income tax benefit 0 230 0 1,184
Net income (loss) from discontinued operations 0 426 0 (8,114)
Net Income (Loss) $ 4,730 $ 2,338 $ 11,331 $ (9,398)
Weighted-average common shares outstanding - basic (in shares) 17,378 17,041 17,321 16,827
Weighted-average common shares outstanding - diluted (in shares) 17,378 17,046 17,321 16,827
Net income (loss) from continuing operations per share - basic and diluted (in dollars per share) $ 0.27 $ 0.11 $ 0.65 $ (0.08)
Net income (loss) from discontinued operations per share - basic and diluted (in dollars per share)   0.03   (0.48)
Total net income (loss) per share - basic and diluted (in dollars per share) $ 0.27 $ 0.14 $ 0.65 $ (0.56)