Segment Information (Tables)

3 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following tables contain financial information for each reportable segment for the three months ended March 31, 2016 and 2017:

Consolidated Statement of Operations and Comprehensive Income (Loss):	Three Months Ended March 31, 2016									Three Months Ended March 31, 2017
	Web presence			Email marketing			Total			Web presence			Email marketing			Total
	(in thousands)									(in thousands)
Revenue	$	198,048		$	39,065		$	237,113		$	197,348		$	97,789		$	295,137
Gross Profit	89,885			10,752			100,637			86,616			59,772			146,388
Net income (loss)	40,134			(26,053		)	14,081			(23,626		)	(7,952		)	(31,578		)
Interest expense, net (1)	17,016			13,221			30,237			16,879			22,519			39,398
Income tax expense (benefit)	(84,258		)	(15,644		)	(99,902		)	10,551			(4,777		)	5,774
Depreciation	8,977			4,195			13,172			9,238			3,873			13,111
Amortization of other intangible assets	19,755			10,119			29,874			15,905			18,362			34,267
Stock-based compensation	14,647			3,741			18,388			11,100			1,824			12,924
Restructuring expenses	171			11,431			11,602			2,335			3,292			5,627
Transaction expenses and charges	30,357			763			31,120			—			580			580
Gain of unconsolidated entities (2)	(10,727		)	—			(10,727		)	—			—			—
Impairment of other long-lived assets	1,437			—			1,437			—			—			—
Adjusted EBITDA	$	37,509		$	1,773		$	39,282		$	42,382		$	37,721		$	80,103
Consolidated Balance Sheets:	As of December 31, 2016									As of March 31, 2017
	Web presence			Email marketing			Total			Web presence			Email marketing			Total
	(in thousands)									(in thousands)
Total assets	$	1,523,170		$	1,233,104		$	2,756,274		$	1,476,006		$	1,263,261		$	2,739,267

(1) Interest expense includes impact of amortization of deferred financing costs, original issuance discounts and interest income.

(2) The gain of unconsolidated entities is reported on a net basis for the three months ended March 31, 2016. The three months ended March 31, 2016 includes a gain of $11.4 million on our investment in WZ UK Ltd. This gain was generated on January 6, 2016, when we increased our ownership stake in WZ UK Ltd. from 49% to 57.5%, which required a revaluation of our existing investment to its implied fair value. This $11.4 million gain was partially offset by our proportionate shares of net losses from unconsolidated entities of $0.7 million.