Segment Information

9 Months Ended

Sep. 30, 2012

Segment Information [Abstract]

Segment Information

10. Segment Information

The Company has two operating segments which are also both reportable business segments: (i) Imperva, which is comprised of Imperva’s and its wholly-owned subsidiaries’ financial position and results of operations; and (ii) Incapsula, which is comprised entirely of the financial position and results from operations of the Company’s majority-owned subsidiary, which commenced operations in late 2009.

The following table presents a summary of the Company’s operating segments (in thousands):

	For the three months ended September 30,						For the nine months  ended September 30,
	2012			2011			2012			2011
Imperva:
Net revenue	$	26,122		$	19,711		$	71,941		$	54,952
Operating loss		(957	)		(1,884	)		(4,238	)		(6,617	)
Provision for income tax		224			199			597			443
Net loss		(1,134	)		(2,073	)		(4,783	)		(7,254	)
Depreciation and amortization		427			394			1,237			1,101
Stock-based compensation		1,755			567			3,575			1,137
Total assets	$	136,401		$	39,028		$	136,401		$	39,028
Incapsula:
Net revenue	$	222		$	27		$	475		$	35
Operating loss		(705	)		(717	)		(2,024	)		(1,905	)
Provision for income tax		38			6			45			28
Net loss		(857	)		(796	)		(2,247	)		(1,977	)
Depreciation and amortization		35			9			75			22
Stock-based compensation		7			11			21			17
Total assets	$	4,378		$	3,437		$	4,378		$	3,437

The Company’s net services revenue is comprised of the following (in thousands):

	For the three months ended September 30,				For the nine months  ended September 30,
	2012		2011		2012		2011
Maintenance and support	$	8,582	$	6,452	$	24,072	$	17,766
Professional services and training		1,749		1,418		4,589		3,478
Subscriptions		1,336		404		2,982		922
Total net services revenue	$	11,667	$	8,274	$	31,643	$	22,166

The Company’s net revenue by geographic region, based on the customer’s location, is summarized as follows (in thousands):

	For the three months ended September 30,				For the nine months  ended September 30,
	2012		2011		2012		2011
Americas	$	16,226	$	12,115	$	43,341	$	34,316
EMEA		5,623		4,284		16,412		12,805
APAC		4,495		3,339		12,663		7,866
Total net revenue	$	26,344	$	19,738	$	72,416	$	54,987

The following table presents long-lived assets by location (in thousands):

	As of September 30,		As of December 31,
	2012		2011
United States	$	1,852	$	1,815
Israel		2,584		2,196
Other		21		15
Total long-lived assets	$	4,457	$	4,026