10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 ______________________________________________

FORM 10-Q

______________________________________________

(Mark One)

R QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended June 30, 2016

______________________________________________

OR

£ TRANSITION PERIOD PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM                      TO                     

Commission File Number: 001-33584

 ______________________________________________

DHI Group, Inc.

(Exact name of Registrant as specified in its Charter)

 ______________________________________________

Delaware	20-3179218
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
1040 Avenue of the Americas, 8th Floor
New York, New York	10018
(Address of principal executive offices)	(Zip Code)

(212) 725-6550

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

  ______________________________________________

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  R   No  £

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  R    No  £

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company in Rule 12b-2 of the Exchange Act.

Large accelerated filer £Accelerated filerRNon-accelerated filer£ Smaller Reporting Company£

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  £    No R

As of July 22, 2016, there were 50,088,356 shares of the registrant’s common stock, par value $.01 per share, outstanding.

DHI GROUP, INC.

TABLE OF CONTENTS

		Page
PART I.	FINANCIAL INFORMATION
Item 1.	Financial Statements	2
	Condensed Consolidated Balance Sheets as of June 30, 2016 and December 31, 2015
	Condensed Consolidated Statements of Operations for the three and six month periods ended June 30, 2016 and 2015
	Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and six month periods ended June 30, 2016 and 2015
	Condensed Consolidated Statements of Cash Flows for the six month periods ended June 30, 2016 and 2015
	Notes to Condensed Consolidated Financial Statements
Item 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	32
Item 4.	Controls and Procedures	32
PART II.	OTHER INFORMATION
Item 1.	Legal Proceedings	33
Item 1A.	Risk Factors	33
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds	34
Item 5.	Other Information	34
Item 6.	Exhibits	35
SIGNATURES
Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
Certification of Chief Executive Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
Certification of Chief Financial Officer pursuant to Section 906 of the Sarbanes-Oxley Act of 2002

1

PART I

ITEM 1. Financial Statements

DHI GROUP, INC.

CONDENSED CONSOLIDATED BALANCE SHEETS

(unaudited)

(in thousands, except per share data)

	June 30, 2016			December 31, 2015
ASSETS
Current assets
Cash	$	29,461		$	34,050
Accounts receivable, net of allowance for doubtful accounts of $2,735 and $2,887	41,161			46,380
Income taxes receivable	1,999			916
Prepaid and other current assets	3,362			3,072
Assets held for sale	—			4,265
Total current assets	75,983			88,683
Fixed assets, net	15,258			15,255
Acquired intangible assets, net	60,647			65,292
Goodwill	191,964			198,598
Deferred income taxes	278			322
Other assets	650			785
Total assets	$	344,780		$	368,935
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$	19,571		$	23,883
Deferred revenue	85,940			83,316
Income taxes payable	3,561			4,006
Liabilities held for sale	—			2,334
Total current liabilities	109,072			113,539
Long-term debt, net	97,598			99,436
Deferred income taxes	11,248			10,849
Accrual for unrecognized tax benefits	3,551			3,436
Other long-term liabilities	2,866			3,062
Total liabilities	224,335			230,322
Commitments and contingencies (Note 7)
Stockholders’ equity
Convertible preferred stock, $.01 par value, authorized 20,000 shares; no shares issued and outstanding	—			—
Common stock, $.01 par value, authorized 240,000; issued 81,565 and 80,717 shares, respectively; outstanding: 50,202 and 52,622 shares, respectively	816			807
Additional paid-in capital	359,791			352,208
Accumulated other comprehensive loss	(27,104		)	(20,468		)
Accumulated earnings	55,441			49,476
Treasury stock, 31,363 and 28,095 shares, respectively	(268,499		)	(243,410		)
Total stockholders’ equity	120,445			138,613
Total liabilities and stockholders’ equity	$	344,780		$	368,935

See accompanying notes to the condensed consolidated financial statements.

2

DHI GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(unaudited)

(in thousands, except per share amounts)

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Revenues	$	57,673		$	65,802		$	115,959		$	129,572
Operating expenses:
Cost of revenues	8,079			9,865			16,614			19,490
Product development	6,245			7,055			13,305			14,144
Sales and marketing	18,646			20,527			39,148			41,205
General and administrative	11,508			11,829			22,721			23,101
Depreciation	2,563			2,254			5,161			4,457
Amortization of intangible assets	2,070			3,756			4,536			7,499
Disposition related and other costs (Note 10)	77			—			3,347			—
Total operating expenses	49,188			55,286			104,832			109,896
Operating income	8,485			10,516			11,127			19,676
Interest expense	(820		)	(833		)	(1,692		)	(1,641		)
Other income (expense)	(17		)	18			(32		)	(9		)
Income before income taxes	7,648			9,701			9,403			18,026
Income tax expense	2,794			4,023			3,438			7,256
Net income	$	4,854		$	5,678		$	5,965		$	10,770
Basic earnings per share	$	0.10		$	0.11		$	0.12		$	0.21
Diluted earnings per share	$	0.10		$	0.11		$	0.12		$	0.20
Weighted-average basic shares outstanding	48,607			51,753			49,034			52,019
Weighted-average diluted shares outstanding	49,279			52,965			49,850			53,427

See accompanying notes to the condensed consolidated financial statements.

3

DHI GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(unaudited)

(in thousands)

	Three Months Ended June 30,					Six Months Ended June 30,
	2016			2015		2016			2015
Net income	$	4,854		$	5,678	$	5,965		$	10,770
Foreign currency translation adjustment	(5,217		)	4,309		(6,636		)	(198		)
Total other comprehensive income (loss)	(5,217		)	4,309		(6,636		)	(198		)
Comprehensive income (loss)	$	(363	)	$	9,987	$	(671	)	$	10,572

See accompanying notes to the condensed consolidated financial statements.

4

DHI GROUP, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(unaudited)

(in thousands)

	Six Months Ended June 30,
	2016			2015
Cash flows from operating activities:
Net income	$	5,965		$	10,770
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation	5,161			4,457
Amortization of intangible assets	4,536			7,499
Deferred income taxes	229			(1,828		)
Amortization of deferred financing costs	162			209
Stock based compensation	6,423			5,080
Change in accrual for unrecognized tax benefits	115			164
Loss on sale of business	639			—
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	4,857			4,829
Prepaid expenses and other assets	(169		)	1,127
Accounts payable and accrued expenses	(4,875		)	(3,813		)
Income taxes receivable/payable	(1,641		)	6,330
Deferred revenue	3,252			2,033
Other, net	(77		)	132
Net cash flows from operating activities	24,577			36,989
Cash flows from investing activities:
Cash received for sale of business	2,429			—
Purchases of fixed assets	(5,506		)	(4,928		)
Net cash flows from investing activities	(3,077		)	(4,928		)
Cash flows from financing activities:
Payments on long-term debt	(11,000		)	(21,250		)
Proceeds from long-term debt	9,000			15,000
Payments under stock repurchase plan	(22,632		)	(21,379		)
Payment of acquisition related contingencies	—			(3,829		)
Proceeds from stock option exercises	1,028			5,139
Purchase of treasury stock related to vested restricted stock and performance stock units	(2,520		)	(1,546		)
Excess tax benefit over book expense from stock based compensation	348			1,421
Net cash flows from financing activities	(25,776		)	(26,444		)
Effect of exchange rate changes	(313		)	267
Net change in cash for the period	(4,589		)	5,884
Cash, beginning of period	34,050			26,777
Cash, end of period	$	29,461		$	32,661

See accompanying notes to the condensed consolidated financial statements.

5

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1.    BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements of DHI Group, Inc. (“DHI” or the “Company”) have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in annual audited consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been omitted and condensed pursuant to such rules and regulations. In the opinion of the Company’s management, all adjustments (consisting of only normal and recurring accruals) have been made to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. Although the Company believes that the disclosures are adequate to make the information presented not misleading, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report on Form 10-K”). Operating results for the six month period ended June 30, 2016 are not necessarily indicative of the results to be achieved for the full year.

Preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Management believes the most complex and sensitive judgments, because of their significance to the condensed consolidated financial statements, result primarily from the need to make estimates about the effects of matters that are inherently uncertain. Actual results could differ materially from management’s estimates reported in the condensed consolidated financial statements and footnotes thereto. There have been no significant changes in the Company’s assumptions regarding critical accounting estimates during the six month period ended June 30, 2016.

2.   NEW ACCOUNTING STANDARDS

Accounting Standards Update (ASU) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company adopted the standard during the period ended March 31, 2016 and has retrospectively applied the provisions to all prior periods presented. The Company reclassified the December 31, 2015 balance of $1.6 million of debt issuance costs from Deferred financing costs to Long-term debt, net on the Condensed Consolidated Balance Sheets.

In March 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting. The new standard will require all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can currently for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The updated standard becomes effective for fiscal years beginning after December 15, 2016 and interim periods the following year, with early adoption permitted. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement should be applied prospectively. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements and forfeitures should be applied using a modified retrospective transition method. Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement should be applied retrospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. The Company is determining the expected impact of this standard on its financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard has requirements on how to account for leases by both the lessee and the lessor and adds clarification for what constitutes a lease, among other items. The updated standard becomes effective for fiscal years beginning after December 15, 2018 and interim periods the following year, with early adoption permitted. The new standard must be applied using a modified retrospective transition. The Company is determining the expected impact of this standard on its financial statements.

6

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

3.   SALE OF SLASHDOT MEDIA

The Company sold the Slashdot and SourceForge businesses (together referred to as “Slashdot Media”) on January 27, 2016 for $2.8 million cash plus working capital of $0.4 million and incurred approximately $0.8 million of selling costs. A $0.1 million and $0.6 million loss on sale of business was recognized in the three and six month periods ended June 30, 2016, respectively.

The Slashdot Media business was classified as “held for sale” as of December 31, 2015 and was shown on the Condensed Consolidated Balance Sheets under the heading of “Assets Held for Sale” and the liabilities were shown under “Liabilities Held for Sale.” Operating results through date of sale are included in the Corporate & Other segment in Segment Information, Note 12.

There was no revenue for Slashdot Media for the three month period ended June 30, 2016. Revenue was $3.9 million for the same period in 2015 and $0.7 million and $7.7 million for the six month periods ended June 30, 2016 and 2015, respectively. There was no income (loss) before incomes taxes for Slashdot Media for the three month periods ended June 30, 2016 and 2015 and $(2.7) million, including loss on sale, severance, and accelerated stock based compensation, for the six month period ended June 30, 2016 and $0.5 million for the six month period ended June 30, 2015.

4. FAIR VALUE MEASUREMENTS

The FASB ASC topic on Fair Value Measurements and Disclosures defines fair value, establishes a framework for measuring fair value and requires certain disclosures for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. As a basis for considering assumptions, a three-tier fair value hierarchy is used, which prioritizes the inputs used in measuring fair value as follows:

• Level 1 – Quoted prices for identical instruments in active markets.

• Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets.

• Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The carrying amounts reported in the Condensed Consolidated Balance Sheets for cash, accounts receivable, accounts payable and accrued expenses and long-term debt approximate their fair values. The fair value of the long-term debt was estimated using present value techniques and market based interest rates and credit spreads.

The Company historically had obligations, to be paid in cash, related to its acquisitions if certain future operating and financial goals are met. The fair value of this contingent consideration is determined using expected cash flows and present value technique. Expected cash flows are determined using the probability weighted-average of possible outcomes that would occur should delivery of certain product enhancements occur. There is no market data available to use in valuing the contingent consideration; therefore, the Company developed its own assumptions related to the expected future delivery of product enhancements to estimate the fair value of these liabilities. A 2% discount rate is used to fair value the expected payments. The liabilities for the contingent consideration were established at the time of acquisition and are evaluated at each reporting period.

The Company made the final cash payment of $3.8 million of acquisition related contingencies in the six month period ended June 30, 2015 to extinguish the liability. The remaining fluctuation in the six month period ended June 30, 2015 was due to foreign currency exchange rate changes.

5.    ACQUIRED INTANGIBLE ASSETS, NET

Below is a summary of the major acquired intangible assets and the weighted-average amortization period for the acquired identifiable intangible assets (in thousands):

7

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	As of June 30, 2016
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(9,186	)	$	(833	)	$	289	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,194		(13,221		)	(2,810		)	7,163		6.1 years
Customer lists	28,473		(11,595		)	(2,878		)	14,000		7.0 years
Candidate and content database	15,918		(14,302		)	(1,421		)	195		2.6 years
Acquired intangible assets, net	$	116,893	$	(48,304	)	$	(7,942	)	$	60,647

	As of December 31, 2015
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(8,831	)	$	(615	)	$	862	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,419		(13,156		)	(2,238		)	8,025		6.1 years
Customer lists	63,373		(42,808		)	(5,068		)	15,497		5.5 years
Candidate and content database	24,888		(22,088		)	(892		)	1,908		2.4 years
Acquired intangible assets, net	$	160,988	$	(86,883	)	$	(8,813	)	$	65,292

During the second quarter of 2016, the Company retired $44.1 million of fully amortized acquired intangible assets.

Based on the carrying value of the acquired finite-lived intangible assets recorded as of June 30, 2016, and assuming no subsequent impairment of the underlying assets, the estimated future amortization expense is as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,798
2017	4,465
2018	3,946
2019	3,641
2020	3,261
2021 and thereafter	3,536
Total	$	21,647

6.    INDEBTEDNESS

Credit Agreement—In November 2015, the Company, together with Dice Inc. (a wholly-owned subsidiary of the Company) and its wholly-owned subsidiary, Dice Career Solutions, Inc. (collectively, the “Borrowers”) entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), which provides for a revolving loan facility of $250.0 million maturing in November 2020. The Company borrowed $105.0 million under the new Credit Agreement to repay all outstanding indebtedness, including accrued interest and fees, under the previously existing credit agreement dated October 2013, terminating that agreement.

Borrowings under the Credit Agreement bear interest, at the Company’s option, at a LIBOR rate or a base rate plus a margin. The margin ranges from 1.75% to 2.50% on LIBOR loans and 0.75% to 1.50% on base rate loans, determined by the Company’s most recent consolidated leverage ratio. The facility may be prepaid at any time without penalty.

The Credit Agreement contains various customary affirmative and negative covenants and also contains certain financial covenants, including a consolidated leverage ratio and a consolidated interest coverage ratio. Negative covenants include restrictions on incurring certain liens; making certain payments, such as stock repurchases and dividend payments; making certain investments; making certain acquisitions; and incurring additional indebtedness. Restricted payments are allowed under the Credit Agreement to the extent the consolidated leverage ratio, calculated on a pro forma basis, is equal to or less than 2.0 to 1.0, plus an additional $5.0 million of restricted payments. The Credit Agreement also provides that the payment of

8

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

obligations may be accelerated upon the occurrence of customary events of default, including, but not limited to, non-payment, change of control, or insolvency. As of June 30, 2016, the Company was in compliance with all of the financial covenants under the Credit Agreement.

The obligations under the Credit Agreement are guaranteed by four of the Company’s wholly-owned subsidiaries, eFinancialCareers, Inc., Targeted Job Fairs, Inc., Rigzone.com, Inc. and onTargetJobs, Inc., and secured by substantially all of the assets of the Borrowers and the guarantors and stock pledges from certain of the Company’s foreign subsidiaries.

Debt issuance costs of $646,000 were incurred and are being amortized over the life of the loan. These costs are included in interest expense. Unamortized deferred financing costs from the previous credit facility of $973,000 are being amortized over the life of the new Credit Agreement.

The amounts borrowed as of June 30, 2016 and December 31, 2015 are as follows (dollars in thousands):

	June 30, 2016			December 31, 2015
Amounts borrowed:
Revolving credit facility	$	99,000		$	101,000
Less: deferred financing costs, net of accumulated amortization of $1,325 and $1,163	(1,402		)	(1,564		)
Total borrowed	$	97,598		$	99,436
Available to be borrowed under revolving facility	$	151,000		$	149,000
Interest rates:
LIBOR rate loans:
Interest margin	2.00		%	2.00		%
Actual interest rates	2.50		%	2.25		%

There are no scheduled payments for the revolving loan facility of $250.0 million until maturity of the Credit Agreement in November 2020.

7.    COMMITMENTS AND CONTINGENCIES

Leases

The Company leases equipment and office space under operating leases expiring at various dates through December 2025. Future minimum lease payments under non-cancellable operating leases as of June 30, 2016 are as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,315
2017	4,227
2018	4,119
2019	3,707
2020	3,294
2021 and thereafter	7,195
Total minimum payments	$	24,857

Rent expense was $1.1 million and $2.3 million for the three and six month periods ended June 30, 2016, respectively, and $1.1 million and $2.1 million for the three and six month periods ended June 30, 2015, respectively, and is included in General and Administrative expense in the Condensed Consolidated Statements of Operations.

Litigation

The Company is subject to various claims from taxing authorities, lawsuits and other complaints arising in the ordinary course of business. The Company records provisions for losses when claims become probable and the amounts are reasonably estimable. Although the outcome of these legal matters cannot be determined, it is the opinion of management that the final resolution of these matters will not have a material effect on the Company’s financial condition, operations or liquidity.

9

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Tax Contingencies

The Company operates in a number of tax jurisdictions and is routinely subject to examinations by various tax authorities with respect to income taxes and indirect taxes. The determination of the Company’s worldwide provision for taxes requires judgment and estimation. The Company has reserved for potential examination adjustments to our provision for income taxes and accrual of indirect taxes in amounts which the Company believes are reasonable.

8.    EQUITY TRANSACTIONS

Stock Repurchase Plans—The Company’s board of directors approved a stock repurchase program that permits the Company to repurchase its common stock. Management has discretion in determining the conditions under which shares may be purchased from time to time. The following table summarizes the Stock Repurchase Plans approved by the board of directors:

	V	VI
Approval Date	December 2014	December 2015
Authorized Repurchase Amount of Common Stock	$50 million	$50 million
Effective Dates	December 2014 to December 2015	December 2015 to December 2016

During the quarter ended June 30, 2016 purchases of the Company’s common stock pursuant to Stock Repurchase Plans were as follows:

Total Number of Shares Purchased	Average Price Paid per Share		Approximate Dollar Value of Shares Purchased		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
1,369,490	$	6.95	$	9,519,000	$	25,059,000

Approximately $0.8 million and $0.9 million of share repurchases had not settled as of June 30, 2016 and December 31, 2015, respectively, and are included in accounts payable and accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

9.    ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss, net consists of the following components (in thousands):

	June 30, 2016			December 31, 2015
Foreign currency translation adjustment	$	(27,104	)	$	(20,468	)

Changes in accumulated other comprehensive loss during the three month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(21,887	)
Other comprehensive loss before reclassifications	(5,217		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive income (loss) during the three month period ended June 30, 2015 are as follows (in thousands):

10

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(18,416	)	$	3	$	(18,413	)
Other comprehensive income before reclassifications	4,309			—		4,309
Ending balance	$	(14,107	)	$	3	$	(14,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(20,468	)
Other comprehensive loss before reclassifications	(6,636		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2015 are as follows (in thousands):

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(13,909	)	$	3	$	(13,906	)
Other comprehensive loss before reclassifications	(198		)	—		(198		)
Ending balance	$	(14,107	)	$	3	$	(14,104	)

10.    DISPOSITION RELATED AND OTHER COSTS

In January 2016, the Company completed the sale of Slashdot Media and incurred severance costs and additional stock based compensation expense for the acceleration of stock vesting. As a result, the Company recognized a loss on the sale of assets of Slashdot Media.

Effective January 1, 2016, the Company organized leadership responsibilities to leverage operating capabilities more effectively across four of its brands which serve specific industries, and to optimize these brands for future growth by streamlining operations and development. This entailed combining four of its global brands (eFinancialCareers, Rigzone, Hcareers and BioSpace) to have one management structure under a combined group called Global Industry Group (“GIG”).

The following table displays a roll forward of the disposition related and other costs and related liability balances:

	Accrual at										Accrual at
	December 31, 2015		Expense		Cash Payments			Non-Cash			June 30, 2016
Severance—Slashdot Media	$	—	$	981	$	(829	)	$	—		$	152
Accelerated stock based compensation expense—Slashdot Media	—		900		—			(900		)	—
Loss on sale of Slashdot Media	—		639		—			(639		)	—
Severance related to other brands	—		827		(823		)	—			4
Total	$	—	$	3,347	$	(1,652	)	$	(1,539	)	$	156

11.    STOCK BASED COMPENSATION

Under the 2012 Omnibus Equity Award Plan, the Company has granted stock options, restricted stock and Performance-Based Restricted Stock Units (“PSUs”) to certain employees and directors. Compensation expense for stock-based awards made to employees and directors in return for service is recorded in accordance with Compensation-Stock Compensation of the

11

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FASB ASC. The Company estimates forfeitures that it expects will occur and records expense based upon the number of awards expected to vest.

The Company recorded total stock based compensation expense of $2.8 million and $5.5 million (excluding $0.9 million of accelerated stock compensation expense related to Slashdot Media as shown in Note 10) during the three and six month periods ended June 30, 2016, respectively, and $2.6 million and $5.1 million during the three and six month periods ended June 30, 2015, respectively. At June 30, 2016, there was $20.3 million of unrecognized compensation expense related to unvested awards, which is expected to be recognized over a weighted-average period of approximately 1.8 years.

Restricted Stock—Restricted stock is granted to employees of the Company and its subsidiaries, and to non-employee members of the Company’s Board. These shares are part of the compensation plan for services provided by the employees or Board members. The closing price of the Company’s stock on the date of grant is used to determine the fair value of the grants. The expense related to the restricted stock grants is recorded over the vesting period. There was no cash flow impact resulting from the grants.

The restricted stock vests in various increments on the anniversaries of each grant, subject to the recipient’s continued employment or service through each applicable vesting date. Vesting occurs over one year for Board members and over four years for employees.

A summary of the status of restricted stock awards as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016				Three Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,379,975		$	8.13	2,324,200		$	8.47
Granted	—		$	—	120,100		$	8.93
Forfeited	(31,625	)	$	8.07	(87,812	)	$	8.40
Vested	(112,100	)	$	8.71	(106,888	)	$	7.39
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,122,225		$	8.54	1,786,581		$	8.45
Granted	1,033,500		$	7.56	1,188,100		$	8.84
Forfeited	(151,500	)	$	8.30	(145,062	)	$	8.27
Vested	(767,975	)	$	8.55	(580,019	)	$	8.93
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

PSUs—PSUs are granted to employees of the Company and its subsidiaries. These shares are part of the compensation plan for services provided by the employees. The fair value of PSUs is measured using the Monte Carlo pricing model. The expense related to the PSUs is recorded over the vesting period. These shares will vest on the dates the Compensation Committee certifies the Company’s achievement of stock price performance relative to the Russell 2000 Index, provided that the recipient remains employed through such date. Performance will be measured over three separate measurement periods: a one-year measurement period, a two-year measurement period and a three-year measurement period. For performance periods one and two, vesting is not to exceed total grant divided by three. For performance period three, vesting is no less than zero and no greater than 150% of initial grant less shares vested in performance periods one and two. There was no cash flow impact resulting from the grants. The fair value of PSUs is measured using the Monte Carlo pricing model using the following assumptions:

12

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Six Months Ended June 30,
	2016			2015
Weighted average fair value of PSUs granted	$	7.24		$	9.25
Dividend yield	—		%	—		%
Risk free interest rate	0.9		%	1.1		%
Expected volatility	33.5		%	33.6		%

A summary of the status of PSUs as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016			Three Months Ended June 30, 2015
	Shares	Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	670,838	$	9.25	415,000	$	9.25
Non-vested at end of period	670,838	$	8.03	415,000	$	9.25

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	415,000		$	9.25	—	$	—
Granted	417,500		$	7.24	415,000	$	9.25
Forfeited	(26,667	)	$	8.50	—	$	—
Vested	(134,995	)	$	9.25	—	$	—
Non-vested at end of period	670,838		$	8.03	415,000	$	9.25

Stock Options—The fair value of each option grant is estimated using the Black-Scholes option-pricing model using the weighted-average assumptions in the table below. This valuation model requires the Company to make assumptions and judgments about the variables used in the calculation, including the fair value of the Company’s common stock, the expected life (the period of time that the options granted are expected to be outstanding), the volatility of the Company’s common stock, a risk-free interest rate and expected dividends. The expected life of options granted is derived from historical exercise behavior. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury rates in effect at the time of grant. The stock options vest 25% after one year, beginning on the first anniversary date of the grant, and 6.25% each quarter following the first anniversary. There was no cash flow impact resulting from the grants. No stock options were granted during the six month periods ended June 30, 2016 and June 30, 2015.

A summary of the status of options previously granted as of June 30, 2016 and 2015, and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,363,699		$	7.91	$	2,326,963
Forfeited	(90,376	)	$	8.30	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367

13

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Three Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,064,236		$	6.18	$	12,593,742
Exercised	(584,816	)	$	2.55	$	3,585,792
Forfeited	(152,213	)	$	11.16	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060

	Six Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,673,512		$	7.46	$	5,485,248
Exercised	(281,750	)	$	3.65	$	1,343,872
Forfeited	(118,439	)	$	8.18	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367
Exercisable at end of period	1,858,163		$	7.81	$	539,367

	Six Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,667,738		$	6.14	$	19,357,512
Exercised	(1,163,281	)	$	4.44	$	5,512,336
Forfeited	(177,250	)	$	11.04	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060
Exercisable at end of period	2,476,325		$	5.98	$	8,104,598

In connection with the Company’s sale of Slashdot Media, the Company accelerated the vesting of 130,375 shares of restricted stock and 24,001 stock options to certain former employees during the six month period ended June 30, 2016, the expense of which is recorded in Disposition Related and Other Costs in the Condensed Consolidated Statements of Operations.

The weighted-average remaining contractual term of options exercisable at June 30, 2016 is 2.3 years. The following table summarizes information about options outstanding as of June 30, 2016:

	Options Outstanding		Options Exercisable
Exercise Price	Number Outstanding	Weighted- Average Remaining Contractual Life	Number Exercisable
		(in years)
$  4.00 - $  5.99	236,070	0.4	236,070
$  6.00 - $  8.99	1,320,415	2.6	1,055,881
$ 9.00 - $ 14.50	716,838	3.5	566,212
	2,273,323		1,858,163

12.    SEGMENT INFORMATION

The Company changed its reportable segments during the first quarter of 2016 to reflect the current operating structure. Accordingly, all prior periods have been recast to reflect the current segment presentation.

14

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

The Company has three reportable segments: Tech & Clearance, Global Industry Group and Healthcare. The Tech & Clearance reportable segment includes the Dice, Dice Europe and ClearanceJobs services. The Global Industry Group reportable segment includes the eFinancialCareers, Rigzone, Hcareers and BioSpace services. The Healthcare reportable segment includes the Health eCareers service. Management has organized its reportable segments based upon our internal management reporting.

The Company has other services and activities that individually are not more than 10% of consolidated revenues, operating income or total assets. These include Slashdot Media (business sold in the first quarter of 2016) and Brightmatter, which are reported in the “Corporate & Other” category, along with corporate-related costs which are not considered in a segment.

The Company’s foreign operations are comprised of the Dice Europe operations and a portion of the eFinancialCareers and Rigzone services, which operate in Europe, the financial centers of the gulf region of the Middle East and Asia Pacific. The Company’s foreign operations also include Hcareers, which operates in Canada and a portion of Brightmatter, which operates in Europe. Revenue by geographic region, as shown in the table below, is based on the location of each of the Company’s subsidiaries.

The following table shows the segment information (in thousands):

15

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
By Segment:
Revenues:
Tech & Clearance	$	34,153		$	35,075		$	68,159		$	68,965
Global Industry Group	16,546			20,343			33,100			40,215
Healthcare	6,955			6,451			13,913			12,561
Corporate & Other	19			3,933			787			7,831
Total revenues	$	57,673		$	65,802		$	115,959		$	129,572
Depreciation:
Tech & Clearance	$	1,770		$	1,622		$	3,508		$	3,210
Global Industry Group	230			236			452			464
Healthcare	495			284			1,091			561
Corporate & Other	68			112			110			222
Total depreciation	$	2,563		$	2,254		$	5,161		$	4,457
Amortization:
Tech & Clearance	$	729		$	888		$	1,457		$	1,768
Global Industry Group	1,074			2,421			2,545			4,838
Healthcare	218			317			436			634
Corporate & Other	49			130			98			259
Total amortization	$	2,070		$	3,756		$	4,536		$	7,499
Operating income (loss):
Tech & Clearance	$	13,291		$	13,289		$	25,124		$	25,470
Global Industry Group	2,477			2,712			3,123			4,025
Healthcare	107			203			(171		)	77
Corporate & Other	(7,390		)	(5,688		)	(16,949		)	(9,896		)
Operating income	8,485			10,516			11,127			19,676
Interest expense	(820		)	(833		)	(1,692		)	(1,641		)
Other income (expense)	(17		)	18			(32		)	(9		)
Income before income taxes	$	7,648		$	9,701		$	9,403		$	18,026
Capital expenditures:
Tech & Clearance	$	1,837		$	1,342		$	3,413		$	2,643
Global Industry Group	186			143			541			522
Healthcare	221			822			397			1,628
Corporate & Other	564			1			966			32
Total capital expenditures	$	2,808		$	2,308		$	5,317		$	4,825

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
By Geography:
Revenues:
United States	$	42,323	$	47,512	$	85,000	$	92,543
United Kingdom	5,611		8,424		13,584		19,180
EMEA, APAC and Canada (1)	9,739		9,866		17,375		17,849
Non-United States	15,350		18,290		30,959		37,029
Total revenues	$	57,673	$	65,802	$	115,959	$	129,572
(1) Europe (excluding United Kingdom), the Middle East and Africa (“EMEA”) and Asia-Pacific (“APAC”)

16

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	June 30, 2016		December 31, 2015
Total assets:
Tech & Clearance	$	171,920	$	177,519
Global Industry Group	138,769		150,111
Healthcare	16,829		18,134
Corporate & Other	17,262		23,171
Total assets	$	344,780	$	368,935

The following table shows the carrying amount of goodwill by reportable segment as of December 31, 2015 and June 30, 2016 and the changes in goodwill for the six month period ended June 30, 2016 (in thousands):

	Tech & Clearance			Global Industry Group			Healthcare		Corporate & Other			Total
Goodwill at December 31, 2015	$	95,523		$	80,096		$	6,269	$	16,710		$	198,598
Foreign currency translation adjustment	(858		)	(4,161		)	—		(1,615		)	(6,634		)
Goodwill at June 30, 2016	$	94,665		$	75,935		$	6,269	$	15,095		$	191,964

The decline in oil prices in 2014 and 2015 and continued low prices in 2016 has decreased demand for energy professionals worldwide.  This decline in demand and any future declines in demand for energy professionals could significantly decrease the use of the Company’s energy industry job posting websites and related services, which may adversely affect the energy reporting unit’s financial condition and results of operations.  As a result of these factors, the Company further evaluated the fair value of this reporting unit and does not believe this reporting unit is currently at risk of failing the first step of the impairment test.  If events and circumstances change resulting in significant reductions in actual operating income or projections of future operating income, the Company will test this reporting unit for impairment prior to the annual impairment test.

On June 23, 2016, the United Kingdom (“UK”) held a referendum in which British citizens approved an exit from the EU, commonly referred to as “Brexit.” As a result of the referendum, Brexit could cause disruptions to and create uncertainty surrounding our business, including affecting our relationships with our existing and future customers and employees based in the UK and Europe along with adversely impacting foreign currencies, particularly the British Pound Sterling as compared to the United States dollar.  These disruptions and uncertainties could decrease demand for finance, technology and energy professionals in the markets we serve. This decline in demand and any future declines in demand could significantly decrease the use of our finance, technology and energy industry job posting websites and related services, which may adversely affect the related reporting unit’s financial condition and results of operations. If recruitment activity is slow in the industries in which we operate during 2016 and beyond, our revenues and results of operations will be negatively impacted. As a result of these factors, the Company further evaluated the fair value of the following reporting units - Dice Europe, Finance and Energy - and does not believe they are currently at risk of failing the first step of the impairment test.  If events and circumstances change resulting in significant reductions in actual operating income or projections of future operating income, the Company will test these reporting units for impairment prior to the annual impairment test.

13.    EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus common stock equivalents assuming exercise of stock options, where dilutive. Stock-based awards of approximately 2.7 million and 2.0 million shares were outstanding during the three and six month periods ended June 30, 2016, respectively, and approximately 2.6 million and 1.8 million shares were outstanding during the three and six month periods ended June 30, 2015, respectively, but were excluded from the calculation of diluted EPS for the periods then ended because the effect of the awards are anti-dilutive. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):

17

DHI GROUP, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Income from continuing operations—basic and diluted	$	4,854	$	5,678	$	5,965	$	10,770
Weighted-average shares outstanding—basic	48,607		51,753		49,034		52,019
Add shares issuable from stock-based awards	672		1,212		816		1,408
Weighted-average shares outstanding—diluted	49,279		52,965		49,850		53,427
Basic earnings per share	$	0.10	$	0.11	$	0.12	$	0.21
Diluted earnings per share	$	0.10	$	0.11	$	0.12	$	0.20

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Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

The following discussion should be read in conjunction with our unaudited condensed consolidated financial statements and the related notes included elsewhere in this report. See also our consolidated financial statements and the notes thereto and the section entitled “Note Concerning Forward-Looking Statements” in our Annual Report on Form 10-K for the year ended December 31, 2015.

Information contained herein contains forward-looking statements. You should not place undue reliance on those statements because they are subject to numerous uncertainties and factors relating to our operations and business environment, all of which are difficult to predict and many of which are beyond our control. Forward-looking statements include, without limitation, information concerning our possible or assumed future results of operations, including descriptions of our business strategy. These statements often include words such as “may,” “will,” “should,” “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate” or similar expressions. These statements are based on assumptions that we have made in light of our experience in the industry as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances. Although we believe that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect our actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to, competition from existing and future competitors in the highly competitive market in which we operate, failure to adapt our business model to keep pace with rapid changes in the recruiting and career services business, failure to maintain and develop our reputation and brand recognition, failure to increase or maintain the number of customers who purchase recruitment packages, cyclicality or downturns in the economy or industries we serve, the uncertainty surrounding the UK’s future departure from the European Union (“EU”), including uncertainty in respect of the regulation of data protection and data privacy, failure to attract qualified professionals to our websites or grow the number of qualified professionals who use our websites, failure to successfully identify or integrate acquisitions, U.S. and foreign government regulation of the Internet and taxation, our ability to borrow funds under our revolving credit facility or refinance our indebtedness and restrictions on our current and future operations under such indebtedness. These factors and others are discussed in more detail in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2015, under the headings “Risk Factors,” “Forward-Looking Statements” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Information contained herein contains certain non-GAAP financial measures. These measures are not in accordance with, or an alternative for measures in accordance with U.S. GAAP. Such measures presented herein include adjusted earnings before interest, taxes, depreciation, amortization, non-cash stock based compensation expense, and other non-recurring income or expense (“Adjusted EBITDA”) and Free Cash Flow. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Liquidity and Capital Resources.”

You should keep in mind that any forward-looking statement made by us herein, or elsewhere, speaks only as of the date on which it is made. New risks and uncertainties come up from time to time, and it is impossible to predict these events or how they may affect us. We have no obligation to update any forward-looking statements after the date hereof, except as required by federal securities laws.

Our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, proxy and information statements and other material information concerning us are available free of charge on the Investors page of our website at www.dhigroupinc.com. Our reports filed with the SEC are also available at the SEC’s Public Reference Room at 100 F Street, NE, Washington, DC 20549, by calling 1-800-SEC-0330, or by visiting http://www.sec.gov.

Overview

We are a leading provider of data, insights and employment connections through our specialized services for professional communities including the following industry groups: technology and security clearance, financial services, energy, healthcare and hospitality. Our mission is to empower professionals and organizations to compete and win through specialized insights and relevant employment connections. Employers and recruiters use our websites and services to source and hire the most qualified professionals in select and highly-skilled occupations, while professionals use our websites and services to find the best employment opportunities in and the most timely news and information about their respective areas of expertise.

In online recruitment, we target employment categories in which there has been a long-term scarcity of highly skilled, highly qualified professionals relative to market demand. Our websites serve as online marketplaces where employers and recruiters find and recruit prospective employees, and where professionals find relevant job opportunities and information to further their careers.

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Our websites offer job postings, news and content, career development and recruiting services tailored to the specific needs of the professional community that each website serves.

Through our predecessors, we have been in the recruiting and career development business for more than 26 years. Based on our operating structure, we have identified three reportable segments.

Our reportable segments include:

• Tech & Clearance— Dice, Dice Europe and ClearanceJobs

• Global Industry Group— eFinancialCareers, Rigzone, Hcareers and BioSpace

• Healthcare— Health eCareers

We have other services and activities that individually are not more than 10% of consolidated revenues, operating income or total assets. These include Slashdot Media (business sold in the first quarter of 2016) and Brightmatter and are reported in the “Corporate & Other” category, along with corporate-related costs which are not considered in a segment.

Recent Developments

The UK held a referendum on June 23, 2016 in which a majority of voters voted to exit the EU (“Brexit”). Brexit could cause disruptions to and create uncertainty surrounding our business, including affecting our relationships with our existing and future customers and employees based in the UK and central Europe. See further discussion in Item 1A. Risk Factors.

Our Revenues and Expenses

We derive the majority of our revenues from customers who pay fees, either annually, quarterly or monthly, to post jobs on our websites and to access our searchable databases of resumes. Our fees vary by customer based on the number of individual users of our databases of resumes, the number and type of job postings purchased and the terms of the package purchased. Our Tech & Clearance segment sells recruitment packages that can include both access to our databases of resumes and Open Web profiles, as well as job posting capabilities. Our Global Industry Group and Healthcare segments sell job postings and access to our resume databases either as part of a package or individually. We believe the key metrics that are material to an analysis of our businesses are our total number of recruitment package customers and the revenue, on average, that these customers generate. Average monthly revenue per recruitment package customer is calculated by dividing recruitment package customer revenue by the daily average count of recruitment package customers during the month, adjusted to reflect a thirty day month. We use the simple average of each month to derive the quarterly amount. At June 30, 2016 and March 31, 2016, Dice had approximately 7,300 and 7,450 total recruitment package customers in the U.S., respectively, and the average monthly revenue per U.S. recruitment package customer increased from $1,084 and $1,080 for the three and six months ended June 30, 2015, respectively, to $1,124 and $1,121 for the three and six months ended June 30, 2016, respectively. Deferred revenue is a key metric of our business as it indicates a level of sales already made that will be recognized as revenue in the future. Deferred revenue reflects the impact of our ability to sign customers to longer term contracts. We recorded deferred revenue of $85.9 million at June 30, 2016 and $84.3 million at December 31, 2015, including $969,000 of Slashdot Media deferred revenue classified as held for sale as of December 31, 2015.

We also generate revenue from advertising on our various websites or from lead generation and marketing solutions provided to our customers. Advertisements include various forms of rich media and banner advertising, text links, sponsorships, and custom content marketing solutions. Lead generation information utilizes advertising and other methods to deliver leads to a customer.

Our ability to grow our revenues will largely depend on our ability to grow our customer bases in the markets in which we operate by acquiring new recruitment package customers and advertisers while retaining a high proportion of the customers we currently serve, and to expand the breadth of services our customers purchase from us. We continue to make investments in our business and infrastructure to help us achieve our long-term growth objectives.

Other material factors that may affect our results of operations include our ability to attract qualified professionals that become engaged with our websites and our ability to attract customers with relevant job opportunities. The more qualified professionals that use our websites, the more attractive our websites become to employers and advertisers, which in turn makes them more likely to become our customers, resulting positively on our results of operations. If we are unable to continue to attract qualified professionals to engage with our websites, our customers may no longer find our services attractive, which could have a negative impact on our results of operations. Additionally, we need to ensure that our websites remain relevant in

20

order to attract qualified professionals to our websites and to engage them in high-valued tasks, such as posting resumes and/or applying to jobs.

The largest components of our expenses are personnel costs and marketing and sales expenditures. Personnel costs consist of salaries, benefits, and incentive compensation for our employees, including commissions for salespeople. Personnel costs are categorized in our statement of operations based on each employee’s principal function. Marketing expenditures primarily consist of online advertising, brand promotion and lead generation to employers and job seekers.

Critical Accounting Policies

There have been no material changes to our critical accounting policies as compared to the critical accounting policies described in our Annual Report on Form 10-K for the fiscal year ended December 31, 2015.

Three Months Ended June 30, 2016 Compared to the Three Months Ended June 30, 2015

Revenues

	Three Months Ended June 30,				Increase (Decrease)			Percent Change
	2016		2015
	(in thousands, except percentages)
Tech & Clearance	$	34,153	$	35,075	$	(922	)	(2.6	)%
eFinancialCareers	9,053		8,928		125			1.4	%
Rigzone	2,435		5,742		(3,307		)	(57.6	)%
Hcareers	4,034		4,306		(272		)	(6.3	)%
BioSpace	1,024		1,367		(343		)	(25.1	)%
Global Industry Group	16,546		20,343		(3,797		)	(18.7	)%
Healthcare	6,955		6,451		504			7.8	%
Corporate & Other	19		3,933		(3,914		)	(99.5	)%
Total revenues	$	57,673	$	65,802	$	(8,129	)	(12.4	)%

Revenues for the three months ended June 30, 2016 decreased $8.1 million, or 12.4% from the same period of 2015 due to decreases of $3.3 million in the Rigzone business and $3.9 million related to the sale of the Slashdot business in January 2016. We experienced a decrease in the Tech & Clearance segment revenue of $0.9 million, or 2.6%. Revenue at Dice decreased by $1.6 million compared to the same period in 2015. Recruitment package customer count in the U.S. decreased from 7,750 at June 30, 2015 to 7,300 at June 30, 2016. However, average monthly revenue per U.S. recruitment package customer increased approximately 4% from the three month period ended June 30, 2015 to the three month period ended June 30, 2016. Revenues for ClearanceJobs increased by $0.6 million for the three month period ended June 30, 2016 as compared to the same period in 2015, primarily due to favorable market conditions, increased sales of its “pay-for-performance” product and a rising number of active job postings.

The Global Industry Group segment revenue decreased $3.8 million, or 18.7%. This decrease was primarily due to a decrease at the Rigzone business of $3.3 million as a result of continued difficult conditions in the energy market. Currency translation for the three month period ended June 30, 2016 negatively impacted eFinancialCareers revenue by approximately $0.4 million.

The Healthcare segment, consisting of Health eCareers, increased revenue by $0.5 million, or 7.8% from the comparable 2015 period, as a result of increased utilization by customers and enhanced product offerings.

Revenues from Corporate & Other, which consists of revenue from Slashdot Media and Brightmatter, decreased by $3.9 million or 99.5% primarily due to the sale of the Slashdot Media business in January 2016.

Cost of Revenues

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Cost of revenues	$	8,079		$	9,865		$	(1,786	)	(18.1	)%
Percentage of revenues	14.0		%	15.0		%

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Corporate & Other decreased by $1.5 million primarily due to lower expenses at Slashdot Media since the business was sold in January 2016. The Global Industry Group segment decreased by $337,000 due to savings as a result of fewer events and decreased employee-related expenses.

Product Development Expenses

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Product development	$	6,245		$	7,055		$	(810	)	(11.5	)%
Percentage of revenues	10.8		%	10.7		%

Corporate & Other decreased $594,000 with a decrease at Slashdot Media of $920,000 since the business was sold in January 2016, partially offset by Brightmatter increasing $402,000 due to an increase in the number of employees supporting the development of next generation recruitment products and services. The Global Industry Group segment decreased $387,000 primarily due to compensation costs. An increase of $275,000 was experienced in the Healthcare segment, primarily driven by additional salaries and related costs due to the increased number of employees.

Sales and Marketing Expenses

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Sales and marketing	$	18,646		$	20,527		$	(1,881	)	(9.2	)%
Percentage of revenues	32.3		%	31.2		%

Sales and marketing costs for the Tech & Clearance segment decreased $797,000 primarily due to decreased marketing costs of $559,000 at Dice and a decrease in compensation costs. Corporate & Other was down $623,000 due to Slashdot Media since the business was sold in January 2016. The Global Industry Group segment decreased by $600,000 primarily due to decreased discretionary marketing spend.

General and Administrative Expenses

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
General and administrative	$	11,508		$	11,829		$	(321	)	(2.7	)%
Percentage of revenues	20.0		%	18.0		%

General and administrative expense for the Global Industry Group segment decreased $880,000 primarily attributable to decreased compensation costs, rent expense, recruiting fees and employee-related expenses. Corporate & Other was up $440,000 primarily due to professional fees and related costs at Corporate of $640,000 and increased compensation costs at Brightmatter of $245,000, partially offset by a decrease of $706,000 at Slashdot Media since the business was sold in January 2016.

Disposition Related and Other Costs

	Three Months Ended June 30,						Increase		Percent Change
	2016			2015
	(in thousands, except percentages)
Disposition related and other costs	$	77		$	—		$	77	n.m.
Percentage of revenues	0.1		%	—		%

The disposition related and other costs are due to the sale of Slashdot Media, including a loss on sale of $77,000, resulting from the final agreement and true-up of net assets sold.

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Depreciation

	Three Months Ended June 30,						Increase		Percent Change
	2016			2015
	(in thousands, except percentages)
Depreciation	$	2,563		$	2,254		$	309	13.7	%
Percentage of revenues	4.4		%	3.4		%

The increase was due to increased capital expenditures in the Healthcare segment in the second half of 2015, which increased the amount of depreciable assets.

Amortization of Intangible Assets

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Amortization	$	2,070		$	3,756		$	(1,686	)	(44.9	)%
Percentage of revenues	3.6		%	5.7		%

Amortization expense for the three month period ended June 30, 2016 decreased by $1.2 million, $245,000 and $159,000 due to certain intangible assets at the Global Industry Group, Healthcare and Tech & Clearance segments, respectively, becoming fully amortized.

Operating Income

Operating income for the three month period ended June 30, 2016 was $8.5 million compared to $10.5 million for the same period in 2015, a decrease of $2.0 million or 19.3%. The decrease was primarily due to decreased revenue at Rigzone and Slashdot Media as a result of the sale in January 2016, partially offset by lower expenses.

Interest Expense

	Three Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Interest expense	$	820		$	833		$	(13	)	(1.6	)%
Percentage of revenues	1.4		%	1.3		%

Interest expense for the three month period ended June 30, 2016 approximates the three month period ended June 30, 2015.

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Income Taxes

	Three Months Ended June 30,
	2016			2015
	(in thousands, except percentages)
Income before income taxes	$	7,648		$	9,701
Income tax expense	2,794			4,023
Effective tax rate	36.5		%	41.5		%

The effective income tax rate was 36.5% and 41.5% for the three month periods ended June 30, 2016 and 2015, respectively. The tax rate was higher in the prior year period because of reductions to our state net operating loss carryforwards resulting from a state tax examination.

Earnings per Share

Basic and diluted earnings per share was $0.10 and $0.11 for the three month periods ended June 30, 2016 and 2015, respectively.

Six Months Ended June 30, 2016 Compared to the Six Months Ended June 30, 2015

Revenues

	Six Months Ended June 30,				Increase (Decrease)			Percent Change
	2016		2015
	(in thousands, except percentages)
Tech & Clearance	$	68,159	$	68,965	$	(806	)	(1.2	)%
eFinancialCareers	17,958		17,513		445			2.5	%
Rigzone	5,333		12,061		(6,728		)	(55.8	)%
Hcareers	7,846		8,317		(471		)	(5.7	)%
BioSpace	1,963		2,324		(361		)	(15.5	)%
Global Industry Group	33,100		40,215		(7,115		)	(17.7	)%
Healthcare	13,913		12,561		1,352			10.8	%
Corporate & Other	787		7,831		(7,044		)	(90.0	)%
Total revenues	$	115,959	$	129,572	$	(13,613	)	(10.5	)%

Revenues for the six months ended June 30, 2016 decreased $13.6 million, or 10.5% from the same period of 2015 due to decreases of $6.7 million in the Rigzone business and $6.9 million related to the sale of the Slashdot business in January 2016. We experienced a decrease in the Tech & Clearance segment revenue of $0.8 million, or 1.2%. Revenue at Dice decreased by $2.1 million compared to the same period in 2015. Recruitment package customer count in the U.S. decreased from 7,750 at June 30, 2015 to 7,300 at June 30, 2016. However, average monthly revenue per U.S. recruitment package customer increased approximately 4% from the six month period ended June 30, 2015 to the six month period ended June 30, 2016. Revenues for ClearanceJobs increased by $1.2 million for the six month period ended June 30, 2016 as compared to the same period in 2015, primarily due to enhanced product offerings.

The Global Industry Group segment revenue decreased $7.1 million, or 17.7%. This decrease was primarily due to a decrease at the Rigzone business of $6.7 million as a result of continued difficult conditions in the energy market. Currency translation for the six month period ended June 30, 2016 negatively impacted eFinancialCareers revenue by approximately $0.8 million.

The Healthcare segment, consisting of Health eCareers, increased revenue by $1.4 million, or 10.8% from the comparable 2015 period, as a result of increased utilization by customers and enhanced product offerings.

Revenues from Corporate & Other, which consists of revenue from Slashdot Media and Brightmatter, decreased by $7.0 million or 90.0% primarily due to the sale of the Slashdot Media business in January 2016.

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Cost of Revenues

	Six Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Cost of revenues	$	16,614		$	19,490		$	(2,876	)	(14.8	)%
Percentage of revenues	14.3		%	15.0		%

Corporate & Other decreased by $2.4 million primarily due to lower expenses at Slashdot Media since the business was sold in January 2016. The Global Industry Group segment decreased by $634,000 due to savings as a result of fewer events and decreased employee-related expenses. The Healthcare segment increased $218,000 as a result of higher royalties paid to healthcare associations which provide traffic and jobs to the website.

Product Development Expenses

	Six Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Product development	$	13,305		$	14,144		$	(839	)	(5.9	)%
Percentage of revenues	11.5		%	10.9		%

The Global Industry Group segment decreased $783,000 primarily due to compensation costs. Corporate & Other decreased $580,000 due to a decrease at Slashdot Media of $1.4 million since the business was sold in January 2016 and a decrease of $152,000 at Corporate as a result of lower employee-related expenses, partially offset by Brightmatter increasing $1.0 million due to an increase in the number of employees supporting the development of next generation recruitment products and services. An increase of $638,000 was experienced in the Healthcare segment, primarily driven by additional salaries and related costs due to the increased number of employees.

Sales and Marketing Expenses

	Six Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Sales and marketing	$	39,148		$	41,205		$	(2,057	)	(5.0	)%
Percentage of revenues	33.8		%	31.8		%

Sales and marketing costs for the Global Industry Group segment decreased by $1.6 million due to decreased discretionary marketing spend of $1.2 million and lower compensation expenses of $400,000. Corporate & Other was down $712,000 primarily due to a decrease at Slashdot Media since the business was sold in January 2016. The Tech & Clearance segment decreased $262,000 primarily due to decreased customer marketing costs of $1.2 million at Dice partially offset by discretionary marketing spend to increase brand awareness for Dice in Europe. The Healthcare segment sales and marketing expense increased $504,000 primarily due to increased marketing and compensation costs.

General and Administrative Expenses

	Six Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
General and administrative	$	22,721		$	23,101		$	(380	)	(1.6	)%
Percentage of revenues	19.6		%	17.8		%

General and administrative expense for the Global Industry Group segment decreased $1.3 million primarily attributable to decreased compensation costs, rent expense, recruiting fees and employee-related expenses. The Tech & Clearance segment was down $231,000 primarily due to decreased compensation costs, partially offset by increased facilities cost related to a new office in 2015. Healthcare was down $197,000 due to lower employee-related costs while Corporate & Other was up $939,000 primarily due to an increase in professional fees and related costs at Corporate of $1.2 million, including $640,000 of professional fees and $371,000 of fees associated with the agreement to add a director, and an increase in compensation costs at

25

Brightmatter of $511,000. Partially offsetting these increases was a decrease at Slashdot Media of $773,000 since the business was sold in January 2016.

Stock-based compensation expense was $5.5 million, excluding $0.9 million of accelerated stock compensation expense related to Slashdot Media as shown in Note 10, an increase of $0.4 million compared to the same period in 2015. The increase was primarily due to PSUs issued in 2015 and 2016 which vest over a three-year period as described in Note 11 to the Condensed Consolidated Financial Statements.

Disposition Related and Other Costs

	Six Months Ended June 30,						Increase		Percent Change
	2016			2015
	(in thousands, except percentages)
Disposition related and other costs	$	3,347		$	—		$	3,347	n.m.
Percentage of revenues	2.9		%	—		%

The disposition related and other costs are primarily due to the sale of Slashdot Media, including severance of $981,000, stock based compensation acceleration of $900,000, and a loss on sale of $639,000. Also included in disposition related and other costs is other severance primarily related to the formation of Global Industry Group of $827,000.

Depreciation

	Six Months Ended June 30,						Increase		Percent Change
	2016			2015
	(in thousands, except percentages)
Depreciation	$	5,161		$	4,457		$	704	15.8	%
Percentage of revenues	4.5		%	3.4		%

The increase was primarily due to increased capital expenditures in the Healthcare segment in the second half of 2015, which increased the amount of depreciable assets.

Amortization of Intangible Assets

	Six Months Ended June 30,						Decrease			Percent Change
	2016			2015
	(in thousands, except percentages)
Amortization	$	4,536		$	7,499		$	(2,963	)	(39.5	)%
Percentage of revenues	3.9		%	5.8		%

Amortization expense for the six month period ended June 30, 2016 decreased by $2.0 million, $491,000 and $311,000 due to certain intangible assets at the Global Industry Group, Healthcare and Tech & Clearance segments, respectively, becoming fully amortized.

Operating Income

Operating income for the six month period ended June 30, 2016 was $11.1 million compared to $19.7 million for the same period in 2015, a decrease of $8.5 million or 43.4%. The decrease was primarily due to decreased revenue at Rigzone and the disposition related and other costs, which did not occur in the prior year period.

Interest Expense

	Six Months Ended June 30,						Increase		Percent Change
	2016			2015
	(in thousands, except percentages)
Interest expense	$	1,692		$	1,641		$	51	3.1	%
Percentage of revenues	1.5		%	1.3		%

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Interest expense for the six month period ended June 30, 2016 approximates the six month period ended June 30, 2015.

Income Taxes

	Six Months Ended June 30,
	2016			2015
	(in thousands, except percentages)
Income before income taxes	$	9,403		$	18,026
Income tax expense	3,438			7,256
Effective tax rate	36.6		%	40.3		%

The effective income tax rate was 36.6% and 40.3% for the six month periods ended June 30, 2016 and 2015, respectively. The tax rate was higher in the prior year period because of reductions to our state net operating loss carryforwards resulting from a state tax examination and because of the cumulative effect of state tax legislation which impacted our apportionment methodology.

Earnings per Share

Basic earnings per share was $0.12 and $0.21 for the six month periods ended June 30, 2016 and 2015, respectively. Diluted earnings per share was $0.12 and $0.20, respectively. The decreases were due to a decrease in net income primarily due to disposition related and other costs of $3.3 million or $0.04 per diluted share. This decrease was partially offset by decreased weighted-average shares outstanding due to stock repurchases.

Liquidity and Capital Resources

Non-GAAP Measures

We have provided certain non-GAAP financial information as additional information for our operating results. These measures are not in accordance with, or an alternative for measures in accordance with GAAP and may be different from similarly titled non-GAAP measures reported by other companies. We believe the presentation of non-GAAP measures, such as Adjusted EBITDA and Free Cash Flow, provides useful information to management and investors regarding certain financial and business trends relating to our financial condition and results of operations.

Adjusted EBITDA

Adjusted EBITDA is a non-GAAP metric used by management to measure operating performance. Management uses Adjusted EBITDA as a performance measure for internal monitoring and planning, including preparation of annual budgets, analyzing investment decisions and evaluating profitability and performance comparisons between us and our competitors. We also use this measure to calculate amounts of performance based compensation under the senior management incentive bonus program. Adjusted EBITDA, as defined in our Credit Agreement as “Consolidated EBITDA”, represents net income plus (to the extent deducted in calculating such net income) interest expense, income tax expense, depreciation and amortization, non-cash stock option expenses, losses resulting from certain dispositions outside the ordinary course of business, certain writeoffs in connection with indebtedness, impairment charges with respect to long-lived assets, expenses incurred in connection with an equity offering or any other offering of securities by the Company, extraordinary or non-recurring non-cash expenses or losses, transaction costs in connection with the Credit Agreement up to $250,000, deferred revenues written off in connection with acquisition purchase accounting adjustments, writeoff of non-cash stock compensation expense, and business interruption insurance proceeds, minus (to the extent included in calculating such net income) non-cash income or gains, interest income, and any income or gain resulting from certain dispositions outside of the ordinary course of business.

We present Adjusted EBITDA as a supplemental performance measure because we believe that this measure provides our board of directors, management and investors with additional information to measure our performance, provide comparisons from period to period and company to company by excluding potential differences caused by variations in capital structures (affecting interest expense) and tax positions (such as the impact on periods or companies of changes in effective tax rates or net operating losses), and to estimate our value.

We also present Adjusted EBITDA because covenants in our Credit Agreement contain ratios based on this measure. Our Credit Agreement is material to us because it is one of our primary sources of liquidity. If our Adjusted EBITDA were to decline below certain levels, covenants in our Credit Agreement that are based on Adjusted EBITDA may be violated and could

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cause a default and acceleration of payment obligations under our Credit Agreement. See Note 6 “Indebtedness” for additional information on the covenants for our Credit Agreement.

Adjusted EBITDA is not a measurement of our financial performance under GAAP and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with GAAP as a measure of our profitability.

We understand that although Adjusted EBITDA is frequently used by securities analysts, lenders and others in their evaluation of companies, Adjusted EBITDA has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our liquidity or results as reported under GAAP. Some limitations are:

• Adjusted EBITDA does not reflect our cash expenditures, or future requirements for capital expenditures or contractual commitments;

• Adjusted EBITDA does not reflect changes in, or cash requirements for, our working capital needs;

• Adjusted EBITDA does not reflect the significant interest expense, or the cash requirements necessary to service interest or principal payments on your debt;

• Although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Adjusted EBITDA does not reflect any cash requirements for such replacements; and

• Other companies in our industry may calculate Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.

To compensate for these limitations, management evaluates our liquidity by considering the economic effect of excluded expense items independently, as well as in connection with its analysis of cash flows from operations and through the use of other financial measures, such as capital expenditure budget variances, investment spending levels and return on capital analysis.

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A reconciliation of Adjusted EBITDA for the six month periods ended June 30, 2016 and 2015 (in thousands) follows:

	For the six months ended June 30,
	2016			2015
Reconciliation of Net Income to Adjusted EBITDA:
Net income	$	5,965		$	10,770
Interest expense	1,692			1,641
Income tax expense	3,438			7,256
Depreciation	5,161			4,457
Amortization of intangible assets	4,536			7,499
Non-cash stock compensation expense	5,523			5,080
Severance—Slashdot Media	981			—
Accelerated stock based compensation expense—Slashdot Media	900			—
Loss on sale of business	639			—
Other	32			9
Adjusted EBITDA	$	28,867		$	36,712
Reconciliation of Operating Cash Flows to Adjusted EBITDA:
Net cash provided by operating activities	$	24,577		$	36,989
Interest expense	1,692			1,641
Amortization of deferred financing costs	(162		)	(209		)
Income tax expense	3,438			7,256
Deferred income taxes	(229		)	1,828
Severance—Slashdot Media	981			—
Change in accrual for unrecognized tax benefits	(115		)	(164		)
Change in accounts receivable	(4,857		)	(4,829		)
Change in deferred revenue	(3,252		)	(2,033		)
Changes in working capital and other	6,794			(3,767		)
Adjusted EBITDA	$	28,867		$	36,712

Free Cash Flow

We define free cash flow as net cash provided by operating activities minus capital expenditures. We believe free cash flow is an important non-GAAP measure for management and investors as it provides useful cash flow information regarding our ability to service, incur or pay down indebtedness or repurchase our common stock. We use free cash flow as a measure to reflect cash available to service our debt as well as to fund our expenditures. A limitation of using free cash flow versus the GAAP measure of net cash provided by operating activities is free cash flow does not represent the total increase or decrease in the cash balance from operations for the period since it includes cash used for capital expenditures during the period.

We have summarized our free cash flow for the six month periods ended June 30, 2016 and 2015 (in thousands).

	For the six months ended June 30,
	2016			2015
Cash from operating activities	$	24,577		$	36,989
Purchases of fixed assets	(5,506		)	(4,928		)
Free cash flow	$	19,071		$	32,061

Cash Flows

We have summarized our cash flows for the six month periods ended June 30, 2016 and 2015 (in thousands).

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	For the six months ended June 30,
	2016			2015
Cash from operating activities	$	24,577		$	36,989
Cash from investing activities	(3,077		)	(4,928		)
Cash from financing activities	(25,776		)	(26,444		)

We have financed our operations primarily through cash provided by operating activities and borrowings under our revolving credit facility. At June 30, 2016, we had cash of $29.5 million compared to $34.1 million at December 31, 2015. Cash held in non-United States jurisdictions totaled approximately $26.6 million at June 30, 2016. This cash is indefinitely reinvested in those jurisdictions. Cash balances and cash generation in the United States, along with the unused portion of our revolving credit facility, is sufficient to maintain liquidity and meet our obligations without being dependent on our foreign cash and earnings.

Liquidity

Our principal internal source of liquidity is cash, as well as the cash flow that we generate from our operations. In addition, externally, we had $151.0 million in borrowing capacity under our Credit Agreement at June 30, 2016. We believe that our existing cash, cash generated from operations and available borrowings under our Credit Agreement will be sufficient to satisfy our currently anticipated cash requirements through at least the next 12 months and the foreseeable future thereafter. However, it is possible that one or more lenders under the Credit Agreement may refuse or be unable to satisfy their commitment to lend to us or we may need to refinance our debt and be unable to do so. In addition, our liquidity could be negatively affected by a decrease in demand for our products and services. We may also make acquisitions and may need to raise additional capital through future debt financings or equity offerings to the extent necessary to fund such acquisitions, which we may not be able to do on a timely basis or on terms satisfactory to us or at all.

Operating Activities

Net cash from operating activities primarily consists of net income adjusted for certain non-cash items, including depreciation, amortization, changes in deferred tax assets and liabilities, stock based compensation, and the effect of changes in working capital. Net cash provided by operating activities was $24.6 million and $37.0 million for the six month periods ended June 30, 2016 and 2015, respectively. The cash provided by operating activities during the 2016 period decreased primarily due to the timing of tax payments and a decrease in operating income.

Investing Activities

During the six month period ended June 30, 2016, net cash used by investing activities was $3.1 million compared to cash used of $4.9 million in the six month period ended June 30, 2015. Cash used by investing activities during the six month period ended June 30, 2016 consisted of cash paid for purchase of fixed assets of $5.5 million, partially offset by cash received on sale of Slashdot Media of $2.4 million. Cash used by investing activities for the six month period ended June 30, 2015 consisted of cash paid for the purchase of fixed assets of $4.9 million.

Financing Activities

Cash used for financing activities during the six month periods ended June 30, 2016 and 2015 was $25.8 million and $26.4 million, respectively. The cash used during the current period was primarily due to $22.6 million of payments to repurchase the Company’s common stock. During the six month period ended June 30, 2015, the cash used was primarily due to $21.4 million of payments to repurchase the Company’s common stock, $6.3 million in net repayments on long-term debt, and $3.8 million in payment of acquisition related contingencies related to The IT Job Board acquisition.

Credit Agreement

In November 2015, we entered into an Amended and Restated Credit Agreement, which provides for a revolving loan facility of $250.0 million, maturing in November 2020. The Company borrowed $105.0 million under the new Credit Agreement to repay in full all outstanding indebtedness under the previously existing credit facility dated October 2013, terminating that agreement.

Borrowings under the Credit Agreement bear interest, at the Company’s option, at a LIBOR rate or a base rate plus a margin. The margin ranges from 1.75% to 2.50% on LIBOR loans and 0.75% to 1.50% on base rate loans, determined by the Company’s most recent consolidated leverage ratio. The facility may be prepaid at any time without penalty.

The Credit Agreement contains various customary affirmative and negative covenants and also contains certain financial covenants, including a consolidated leverage ratio and a consolidated interest coverage ratio. Negative covenants include

30

restrictions on incurring certain liens; making certain payments, such as stock repurchases and dividend payments; making certain investments; making certain acquisitions; and incurring additional indebtedness. Restricted payments are allowed under the Credit Agreement to the extent the consolidated leverage ratio, calculated on a pro forma basis, is equal to or less than 2.0 to 1.0, plus an additional $5.0 million of restricted payments. The Credit Agreement also provides that the payment of obligations may be accelerated upon the occurrence of customary events of default, including, but not limited to, non-payment, change of control, or insolvency. As of June 30, 2016, the Company was in compliance with all of the financial covenants under the Credit Agreement. Refer to Note 6 in the Notes to the Condensed Consolidated Financial Statements.

Off-Balance Sheet Arrangements

We have no off-balance sheet arrangements that have or are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources that is material to investors.

Commitments and Contingencies

The following table presents certain minimum payments due and the estimated timing under contractual obligations with minimum firm commitments as of June 30, 2016:

	Payments due by period
	Total		Less Than 1 Year		2-3 Years		4-5 Years		More Than 5 Years
	(in thousands)
Credit Agreement	$	99,000	$	—	$	—	$	99,000	$	—
Operating lease obligations	24,857		2,315		8,346		7,001		7,195
Total contractual obligations	$	123,857	$	2,315	$	8,346	$	106,001	$	7,195

We make commitments to purchase advertising from online vendors which we pay for on a monthly basis. We have no significant long-term obligations to purchase a fixed or minimum amount with these vendors.

Our principal commitments consist of obligations under operating leases for office space and equipment and long-term debt. As of June 30, 2016, we had $99.0 million outstanding under our Credit Agreement. Interest payments are due quarterly or at varying, specified periods (to a maximum of three months) based on the type of loan (LIBOR or base rate loan) we choose. See Note 6 “Indebtedness” in our condensed consolidated financial statements for additional information related to our Credit Agreement.

Future interest payments on our Credit Agreement are variable due to our interest rate being based on a LIBOR rate or a base rate. Assuming an interest rate of 2.50% (the rate in effect on June 30, 2016) on our current borrowings, interest payments are expected to be $1.5 million for July through December 2016, $6.0 million in 2017-2018, and $5.8 million in 2019-2020.

As of June 30, 2016, we recorded approximately $3.6 million of unrecognized tax benefits as liabilities, and we are uncertain if or when such amounts may be settled. Related to the unrecognized tax benefits considered permanent differences, we have also recorded a liability for potential penalties and interest. Included in the balance of unrecognized tax benefits at June 30, 2016 are $3.6 million of tax benefits that if recognized, would affect the effective tax rate. The Company believes it is reasonably possible that as much as $1.0 million of its unrecognized tax benefits may be recognized in the next twelve months as a result of a lapse of the statute of limitations.

Cyclicality

The labor market and certain of the industries that we serve have historically experienced short-term cyclicality. However, we believe that the economic and strategic value provided by online career websites has led to an overall increase in the use of these services during the most recent labor market cycle. That increased usage has somewhat lessened the impact of cyclicality on our businesses as compared to traditional offline competitors.

Any slowdown in recruitment activity that occurs will negatively impact our revenues and results of operations. Alternatively, a decrease in the unemployment rate or a labor shortage, including as a result of an increase in job turnover, generally means that employers (including our customers) are seeking to hire more individuals, which would generally lead to

31

more job postings and database licenses and have a positive impact on our revenues and results of operations. Based on historical trends, improvements in labor markets and the need for our services generally lag behind overall economic improvements. Additionally, there has historically been a lag from the time customers begin to increase purchases of our recruitment services and the impact to our revenues due to the recognition of revenue occurring over the length of the contract, which can be several months to a year.

The significant increase in the unemployment rate and general reduction in recruitment activity experienced in 2008 through 2009 is an example of how economic conditions can negatively impact our revenues and results of operations. During 2010 and the first half of 2011, we saw a significant improvement in recruitment activity, resulting in revenue and customer growth. From the second half of 2011 into 2014, we saw tougher market conditions in our finance segment and a less urgent recruiting environment for technology professionals. Declines in oil prices in 2014 and 2015 and continued low prices in 2016 have decreased demand for energy professionals worldwide. This decline in demand and any future declines in demand for energy professionals could significantly decrease the use of our energy industry job posting websites and related services. If recruitment activity continues to be slow in the industries in which we operate during 2016 and beyond, our revenues and results of operations will be negatively impacted.

Item 3. Quantitative and Qualitative Disclosures about Market Risk

We have exposure to financial market risks, including changes in foreign currency exchange rates, interest rates, and other relevant market prices.

Foreign Exchange Risk

We conduct business serving multiple markets, in four languages, mainly across Europe, Asia, Australia, and North America using the eFinancialCareers name. Rigzone, Dice Europe and Hcareers also conduct business outside the United States. For the six month periods ended June 30, 2016 and 2015, approximately 27% and 29% of our revenues, respectively, were earned outside the United States and collected in local currency. We are subject to risk for exchange rate fluctuations between such local currencies and the British Pound Sterling and between local currencies and the United States dollar and the subsequent translation of the British Pound Sterling to United States dollars. We currently do not hedge currency risk. A decrease in foreign exchange rates during a period would result in decreased amounts reported in our Condensed Consolidated Balance Sheets, Condensed Consolidated Statements of Operations, Comprehensive Income, and of Cash Flows. For example, if foreign exchange rates between the British Pound Sterling and United States dollar decreased by 1.0%, the impact on our revenues during 2016 would have been a decrease of approximately $149,000.

On June 23, 2016, the UK held a referendum in which British citizens approved an exit from the EU, commonly referred to as “Brexit.” As a result of the referendum, the global markets and currencies have been adversely impacted, including a sharp decline in the value of the British Pound Sterling as compared to the United States dollar. Volatility in exchange rates is expected to continue in the short term as the UK negotiates its exit from the EU. We currently do not hedge our British Pound Sterling exposure and therefore are susceptible to currency risk. In the longer term, any impact from Brexit on us will depend, in part, on the outcome of tariff, trade, regulatory and other negotiations. Although it is unknown what the result of those negotiations will be, it is possible that new terms may adversely affect our operations and financial results.

The financial statements of our non-United States subsidiaries are translated into United States dollars using current exchange rates, with gains or losses included in the cumulative translation adjustment account, which is a component of stockholders’ equity. As of June 30, 2016 and December 31, 2015, our translation adjustment decreased stockholders’ equity by $27.1 million and $20.5 million, respectively. The change from December 31, 2015 to June 30, 2016 is primarily attributable to the position of the United States dollar against the British Pound Sterling.

Interest Rate Risk

We have interest rate risk primarily related to borrowings under our Credit Agreement. Borrowings under our Credit Agreement bear interest, at our option, at a LIBOR rate or base rate plus a margin. The margin ranges from 1.75% to 2.50% on the LIBOR loans and 0.75% to 1.50% on the base rate, as determined by our most recent consolidated leverage ratio. As of June 30, 2016, we had outstanding borrowings of $99.0 million under our Credit Agreement. If interest rates increased by 1.0%, interest expense in the remainder of 2016 on our current borrowings would increase by approximately $500,000.

Item 4. Controls and Procedures

Evaluation of Disclosure Controls and Procedures

We have established a system of controls and procedures designed to ensure that information required to be disclosed in our periodic reports filed under the Securities Exchange Act of 1934, as amended (the “Exchange Act”), is recorded, processed,

32

summarized and reported within the time periods specified by the Exchange Act and in the rules and forms of the Securities and Exchange Commission (the “SEC”). These disclosure controls and procedures have been evaluated under the direction of our Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”) as of June 30, 2016. Based on such evaluations, our CEO and CFO have concluded that the disclosure controls and procedures are effective to provide reasonable assurance that information required to be disclosed in our Exchange Act reports is recorded, processed, summarized and reported within the time periods specified by the SEC, and that such information is accumulated and communicated to management, including the CEO and CFO, as appropriate, to allow timely decisions regarding required disclosure.

Changes in Internal Controls

No change in our internal control over financial reporting (as defined in Rules 13a-15(f) under the Exchange Act) occurred during the quarter ended June 30, 2016 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

PART II

Item 1. Legal Proceedings    

From time to time we may be involved in disputes or litigation relating to claims arising out of our operations. We are currently not a party to any material pending legal proceedings.

Item 1A. Risk Factors    

The UK’s impending departure from the EU could adversely affect us.

The UKheld a referendum on June 23, 2016 in which a majority of voters votedto exitthe EU(“Brexit”). Brexit could cause disruptions to and create uncertainty surrounding our business, including affecting our relationships with our existing and future customers and employees based in the UK and Europe. For example, if as a result of Brexit, financial institutions move all or a portion of their operations out of the UK, it may result in decreased demand for jobs in the financial sector in the UK and could negatively impact the performance of our eFinancialCareers business. Further, the potential loss of the EU “passport,” or any other potential restriction on free travel of UK citizens to Europe, and vice versa, could adversely impact the jobs market in general and our operations in Europe.

In addition, Brexit has resulted in significant volatility in the value of the British Pound Sterling and Euro currencies. Since our financial statements are denominated in U.S. dollars and we currently do not hedge currency risk, a decline in the value of the Pound or Euro may have an adverse impact on our financial condition and results of operations.

In the short- to medium-term, because the UK is, and will continue to be for at least two years following official notification to withdraw, a member of the EU, the prospect of Brexit has not impacted UK data protection law.  On July 12, 2016, however, the European Commission adopted the EU-U.S. Privacy Shield, which provides a framework for the transfer of personal data of EU data subjects, and on May 4, 2016, the EU General Data Protection Regulation (“GDPR”), which will replace Directive 95/46/EC (commonly referred to as the “Data Protection Directive”), was formally published.  The GDPR will go into effect on May 25, 2018 and as a regulation as opposed to a directive will be directly applicable in EU member states.  Among other things, the GDPR applies to data controllers and processors outside the EU whose processing activities relate to the offering of goods or services to, or monitoring the behavior within the EU of, EU data subjects.  The regulation of data privacy in the EU continues to evolve, and it is not possible to predict the ultimate content, and therefore the effect, of data protection regulation over time. The current uncertainty surrounding the outcome of the referendum on the UK’s membership in the EU, and a likely withdrawal of the UK from the EU, could impact a range of EU regulations, including in respect of data protection.  This uncertainty subjects us to substantial operational and compliance risk, the results of which could have a material adverse effect on our financial condition and results of operations.

The ultimate effects of Brexit are uncertain and will depend on any agreements the UK makes to retain access to EU markets either during a transitional period or more permanently. Brexit could adversely affect European and worldwide economic and market conditions and could contribute to instability in global financial and foreign exchange markets. In addition, Brexit is likely to lead to legal uncertainty, including uncertainty regarding taxation, and potentially divergent national laws and regulations as the UK determines which EU laws to replace or replicate. Any of these effects of Brexit, and others we cannot anticipate, could adversely affect our business, results of operations and financial condition.

We have disclosed under the heading “Risk Factors” in our Annual Report on Form 10-K the risk factors which materially affect our business, financial condition or results of operations. Except as otherwise described herein, as of July 27, 2016 there

33

have been no material changes from the risk factors previously disclosed. You should carefully consider the risk factors set forth in the Annual Report on Form 10-K and the other information set forth elsewhere in this Quarterly Report on Form 10-Q. You should be aware that these risk factors and other information may not describe every risk facing our Company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial also may materially adversely affect our business, financial condition and/or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

Repurchases of Equity Securities

Our board of directors approved a stock repurchase program that permitted the Company to repurchase our common stock. Management has discretion in determining the conditions under which shares may be purchased from time to time. The following table summarizes the stock repurchase plans approved by the board of directors:

	V	VI
Approval Date	December 2014	December 2015
Authorized Repurchase Amount of Common Stock	$50 million	$50 million
Effective Dates	December 2014 to December 2015	December 2015 to December 2016

During the three months ended June 30, 2016, purchases of our common stock pursuant to the Stock Repurchase Plans were as follows:

Period	(a) Total Number of Shares Purchased [1]	(b) Average Price Paid per Share		(c) Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs	(d) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
April 1 through April 30, 2016	300,000	$	7.82	300,000	$	32,232,000
May 1 through May 31, 2016	744,034	6.77		744,034	27,196,000
June 1 through June 30, 2016	325,456	6.56		325,456	25,059,000
Total	1,369,490	$	6.95	1,369,490

[1] No shares of our common stock were purchased other than through a publicly announced plan or program.

Item 5.    Other Information

On July 27, 2016, DHI Group, Inc. (the “Company”) announced that John Roberts will cease to be the Company’s Chief Financial Officer, effective August 31, 2016 (the “Separation Date”).

Mr. Roberts has served as Chief Financial Officer since joining the Company in October 2013. He has been responsible for the financial organization, including financial planning, corporate development, accounting, financial reporting, investor relations, treasury, internal audit and tax, as well as the Company’s legal organization.

Mr. Roberts will continue to be employed by the Company through the Separation Date and will assist with the transition of his responsibilities.  The Company has begun a process to appoint a successor to Mr. Roberts and a further announcement will be made in due course.

34

Item 6.    Exhibits

31.1*	Certifications of Michael Durney, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*	Certifications of John Roberts, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*	Certifications of Michael Durney, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*	Certifications of John Roberts, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

________________

* Filed herewith.

35

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

		DHI GROUP, INC.
Date:	July 27, 2016	Registrant
			/S/ Michael P. Durney
			Michael P. Durney President and Chief Executive Officer
			(Principal Executive Officer)
			/S/ John J. Roberts
			John J. Roberts Chief Financial Officer
			(Principal Financial Officer)

36

EXHIBIT INDEX

31.1*	Certifications of Michael Durney, Chief Executive Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*	Certifications of John Roberts, Chief Financial Officer, pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*	Certifications of Michael Durney, Chief Executive Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*	Certifications of John Roberts, Chief Financial Officer, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS	XBRL Instance Document.
101.SCH	XBRL Taxonomy Extension Schema Document.
101.CAL	XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF	XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB	XBRL Taxonomy Extension Label Linkbase Document.
101.PRE	XBRL Taxonomy Extension Presentation Linkbase Document.

____________________

* Filed herewith

37

EX-31.1

EXHIBIT 31.1

CEO CERTIFICATION

PURSUANT TO SECTION 302 OF THE

SARBANES – OXLEY ACT OF 2002

I, Michael P. Durney, certify that:

1. I have reviewed this quarterly report on Form 10-Q of DHI Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for the external purposes in accordance with generally accepted accounting principles; and

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 27, 2016

By: /s/ Michael P. Durney

Michael P. Durney

Chief Executive Officer

DHI Group, Inc.

EX-31.2

EXHIBIT 31.2

CFO CERTIFICATION

PURSUANT TO SECTION 302 OF THE

SARBANES – OXLEY ACT OF 2002

I, John J. Roberts, certify that:

1. I have reviewed this quarterly report on Form 10-Q of DHI Group, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; and

b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for the external purposes in accordance with generally accepted accounting principles; and

c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: July 27, 2016

By: /s/ John J. Roberts

John J. Roberts

Chief Financial Officer

DHI Group, Inc.

EX-32.1

EXHIBIT 32.1

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DHI Group, Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Michael P. Durney, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

July 27, 2016	/s/ Michael P. Durney
	Michael P. Durney
	Chief Executive Officer
	DHI Group, Inc.

EX-32.2

EXHIBIT 32.2

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of DHI Group, Inc. (the “Company”) on Form 10-Q for the period ending June 30, 2016 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, John J. Roberts, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that to the best of my knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)); and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

July 27, 2016	/s/ John J. Roberts
	John J. Roberts
	Chief Financial Officer
	DHI Group, Inc.

XML

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2016	Jul. 22, 2016
Entity Information [Line Items]
Entity Registrant Name	DHI GROUP, INC.
Entity Central Index Key	0001393883
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Jun. 30, 2016
Document Fiscal Year Focus	2016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,088,356

XML

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Current assets
Cash	$ 29,461	$ 34,050
Accounts receivable, net of allowance for doubtful accounts of $2,735 and $2,888	41,161	46,380
Income taxes receivable	1,999	916
Prepaid and other current assets	3,362	3,072
Assets held for sale	0	4,265
Total current assets	75,983	88,683
Fixed assets, net	15,258	15,255
Acquired intangible assets, net	60,647	65,292
Goodwill	191,964	198,598
Deferred income taxes	278	322
Other assets	650	785
Total assets	344,780	368,935
Current liabilities
Accounts payable and accrued expenses	19,571	23,883
Deferred revenue	85,940	83,316
Income taxes payable	3,561	4,006
Liabilities held for sale	0	2,334
Total current liabilities	109,072	113,539
Long-term debt, net	97,598	99,436
Deferred income taxes	11,248	10,849
Accrual for unrecognized tax benefits	3,551	3,436
Other long-term liabilities	2,866	3,062
Total liabilities	224,335	230,322
Commitments and contingencies (Note 7)
Stockholders' equity
Convertible preferred stock, $.01 par value, authorized 20,000 shares; no shares issued and outstanding	0	0
Common stock, $.01 par value, authorized 240,000; issued 81,565 and 80,717 shares, respectively; outstanding: 50,202 and 52,622 shares, respectively	816	807
Additional paid-in capital	359,791	352,208
Accumulated other comprehensive loss	(27,104)	(20,468)
Accumulated earnings	55,441	49,476
Treasury stock, 31,363 and 23,224 shares, respectively	(268,499)	(243,410)
Total stockholders’ equity	120,445	138,613
Total liabilities and stockholders’ equity	$ 344,780	$ 368,935

XML

CONDENSED CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	20,000	20,000
Preferred Stock, Shares Outstanding	0	0
Current assets
Allowance for doubtful accounts	$ 2,735	$ 2,887
Stockholders' equity
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	240,000	240,000
Common stock, shares issued	81,565	80,717
Common stock, shares outstanding	50,202	52,622
Treasury stock, shares	31,363	28,095

XML

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Revenues	$ 57,673	$ 65,802	$ 115,959	$ 129,572
Operating expenses:
Cost of revenues	8,079	9,865	16,614	19,490
Product development	6,245	7,055	13,305	14,144
Sales and marketing	18,646	20,527	39,148	41,205
General and administrative	11,508	11,829	22,721	23,101
Depreciation	2,563	2,254	5,161	4,457
Amortization of intangible assets	2,070	3,756	4,536	7,499
Disposition related and other costs (Note 10)	77	0	3,347	0
Total operating expenses	49,188	55,286	104,832	109,896
Operating income	8,485	10,516	11,127	19,676
Interest expense	(820)	(833)	(1,692)	(1,641)
Other expense	(17)	18	(32)	(9)
Income before income taxes	7,648	9,701	9,403	18,026
Income tax expense	2,794	4,023	3,438	7,256
Net income	$ 4,854	$ 5,678	$ 5,965	$ 10,770
Basic earnings per share (in dollars per share)	$ 0.10	$ 0.11	$ 0.12	$ 0.21
Diluted earnings per share (in dollars per share)	$ 0.10	$ 0.11	$ 0.12	$ 0.20
Weighted average basic shares outstanding	48,607	51,753	49,034	52,019
Weighted average diluted shares outstanding	49,279	52,965	49,850	53,427

XML

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Net income	$ 4,854	$ 5,678	$ 5,965	$ 10,770
Foreign currency translation adjustment	(5,217)	4,309	(6,636)	(198)
Total other comprehensive income (loss)	(5,217)	4,309	(6,636)	(198)
Comprehensive income (loss)	$ (363)	$ 9,987	$ (671)	$ 10,572

XML

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
Cash flows from operating activities:
Net income	$ 5,965	$ 10,770
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation	5,161	4,457
Amortization of intangible assets	4,536	7,499
Deferred income taxes	229	(1,828)
Amortization of deferred financing costs	162	209
Stock based compensation	6,423	5,080
Change in accrual for unrecognized tax benefits	115	164
Loss on sale of business	639	0
Changes in operating assets and liabilities, net of the effects of acquisitions:
Accounts receivable	4,857	4,829
Prepaid expense and other assets	(169)	1,127
Accounts payable and accrued expenses	(4,875)	(3,813)
Income taxes receivable/payable	(1,641)	6,330
Deferred revenue	3,252	2,033
Other, net	(77)	132
Net cash flows from operating activities	24,577	36,989
Cash flows from investing activities:
Cash received for sale of business	2,429	0
Purchases of fixed assets	(5,506)	(4,928)
Net cash flows from investing activities	(3,077)	(4,928)
Cash flows from financing activities:
Payments on long-term debt	(11,000)	(21,250)
Proceeds from long-term debt	9,000	15,000
Payments under stock repurchase plan	(22,632)	(21,379)
Payment of acquisition related contingencies	0	(3,829)
Proceeds from stock option exercises	1,028	5,139
Purchase of treasury stock related to vested restricted stock	(2,520)	(1,546)
Excess tax benefit over book expense from stock based compensation	348	1,421
Net cash flows from financing activities	(25,776)	(26,444)
Effect of exchange rate changes	(313)	267
Net change in cash and cash equivalents for the period	(4,589)	5,884
Cash and cash equivalents, beginning of period	34,050	26,777
Cash and cash equivalents, end of period	$ 29,461	$ 32,661

XML

BASIS OF PRESENTATION (Notes)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]

 BASIS OF PRESENTATION

The accompanying unaudited condensed consolidated financial statements of DHI Group, Inc. (“DHI” or the “Company”) have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and disclosures normally included in annual audited consolidated financial statements prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”) have been omitted and condensed pursuant to such rules and regulations. In the opinion of the Company’s management, all adjustments (consisting of only normal and recurring accruals) have been made to present fairly the financial position, results of operations and cash flows of the Company for the periods presented. Although the Company believes that the disclosures are adequate to make the information presented not misleading, these financial statements should be read in conjunction with the Company’s audited consolidated financial statements as of and for the year ended December 31, 2015 included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2015 (the “Annual Report on Form 10-K”). Operating results for the six month period ended June 30, 2016 are not necessarily indicative of the results to be achieved for the full year.

Preparation of the condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the period. Management believes the most complex and sensitive judgments, because of their significance to the condensed consolidated financial statements, result primarily from the need to make estimates about the effects of matters that are inherently uncertain. Actual results could differ materially from management’s estimates reported in the condensed consolidated financial statements and footnotes thereto. There have been no significant changes in the Company’s assumptions regarding critical accounting estimates during the six month period ended June 30, 2016.

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NEW ACCOUNTING STANDARDS (Notes)

6 Months Ended

Jun. 30, 2016

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Description of New Accounting Pronouncements Not yet Adopted [Text Block]

NEW ACCOUNTING STANDARDS

Accounting Standards Update (ASU) No. 2015-03, Simplifying the Presentation of Debt Issuance Costs, requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. The Company adopted the standard during the period ended March 31, 2016 and has retrospectively applied the provisions to all prior periods presented. The Company reclassified the December 31, 2015 balance of $1.6 million of debt issuance costs from Deferred financing costs to Long-term debt, net on the Condensed Consolidated Balance Sheets.

In March 2016, the Financial Accounting Standards Board (the “FASB”) issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting. The new standard will require all income tax effects of awards to be recognized in the income statement when the awards vest or are settled. It also will allow an employer to repurchase more of an employee’s shares than it can currently for tax withholding purposes without triggering liability accounting and to make a policy election to account for forfeitures as they occur. The updated standard becomes effective for fiscal years beginning after December 15, 2016 and interim periods the following year, with early adoption permitted. Amendments requiring recognition of excess tax benefits and tax deficiencies in the income statement should be applied prospectively. Amendments related to the timing of when excess tax benefits are recognized, minimum statutory withholding requirements and forfeitures should be applied using a modified retrospective transition method. Amendments related to the presentation of employee taxes paid on the statement of cash flows when an employer withholds shares to meet the minimum statutory withholding requirement should be applied retrospectively. An entity may elect to apply the amendments related to the presentation of excess tax benefits on the statement of cash flows using either a prospective transition method or a retrospective transition method. The Company is determining the expected impact of this standard on its financial statements.

In February 2016, the FASB issued ASU No. 2016-02, Leases. The new standard has requirements on how to account for leases by both the lessee and the lessor and adds clarification for what constitutes a lease, among other items. The updated standard becomes effective for fiscal years beginning after December 15, 2018 and interim periods the following year, with early adoption permitted. The new standard must be applied using a modified retrospective transition. The Company is determining the expected impact of this standard on its financial statements.

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SALE OF SLASHDOT MEDIA (Notes)

6 Months Ended

Jun. 30, 2016

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

SALE OF SLASHDOT MEDIA

The Company sold the Slashdot and SourceForge businesses (together referred to as “Slashdot Media”) on January 27, 2016 for $2.8 million cash plus working capital of $0.4 million and incurred approximately $0.8 million of selling costs. A $0.1 million and $0.6 million loss on sale of business was recognized in the three and six month periods ended June 30, 2016, respectively.

The Slashdot Media business was classified as “held for sale” as of December 31, 2015 and was shown on the Condensed Consolidated Balance Sheets under the heading of “Assets Held for Sale” and the liabilities were shown under “Liabilities Held for Sale.” Operating results through date of sale are included in the Corporate & Other segment in Segment Information, Note 12.

There was no revenue for Slashdot Media for the three month period ended June 30, 2016. Revenue was $3.9 million for the same period in 2015 and $0.7 million and $7.7 million for the six month periods ended June 30, 2016 and 2015, respectively. There was no income (loss) before incomes taxes for Slashdot Media for the three month periods ended June 30, 2016 and 2015 and $(2.7) million, including loss on sale, severance, and accelerated stock based compensation, for the six month period ended June 30, 2016 and $0.5 million for the six month period ended June 30, 2015.

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FAIR VALUE MEASUREMENTS

6 Months Ended

Jun. 30, 2016

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

The FASB ASC topic on Fair Value Measurements and Disclosures defines fair value, establishes a framework for measuring fair value and requires certain disclosures for each major asset and liability category measured at fair value on either a recurring or nonrecurring basis. As a basis for considering assumptions, a three-tier fair value hierarchy is used, which prioritizes the inputs used in measuring fair value as follows:

• Level 1 – Quoted prices for identical instruments in active markets.

• Level 2 – Quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-derived valuations, in which all significant inputs are observable in active markets.

• Level 3 – Unobservable inputs in which there is little or no market data, which require the reporting entity to develop its own assumptions.

The carrying amounts reported in the Condensed Consolidated Balance Sheets for cash, accounts receivable, accounts payable and accrued expenses and long-term debt approximate their fair values. The fair value of the long-term debt was estimated using present value techniques and market based interest rates and credit spreads.

The Company historically had obligations, to be paid in cash, related to its acquisitions if certain future operating and financial goals are met. The fair value of this contingent consideration is determined using expected cash flows and present value technique. Expected cash flows are determined using the probability weighted-average of possible outcomes that would occur should delivery of certain product enhancements occur. There is no market data available to use in valuing the contingent consideration; therefore, the Company developed its own assumptions related to the expected future delivery of product enhancements to estimate the fair value of these liabilities. A 2% discount rate is used to fair value the expected payments. The liabilities for the contingent consideration were established at the time of acquisition and are evaluated at each reporting period.

The Company made the final cash payment of $3.8 million of acquisition related contingencies in the six month period ended June 30, 2015 to extinguish the liability. The remaining fluctuation in the six month period ended June 30, 2015 was due to foreign currency exchange rate changes.

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ACQUIRED INTANGIBLE ASSETS, NET

6 Months Ended

Jun. 30, 2016

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Acquired Intangible Assets, Net

ACQUIRED INTANGIBLE ASSETS, NET

Below is a summary of the major acquired intangible assets and the weighted-average amortization period for the acquired identifiable intangible assets (in thousands):

	As of June 30, 2016
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(9,186	)	$	(833	)	$	289	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,194		(13,221		)	(2,810		)	7,163		6.1 years
Customer lists	28,473		(11,595		)	(2,878		)	14,000		7.0 years
Candidate and content database	15,918		(14,302		)	(1,421		)	195		2.6 years
Acquired intangible assets, net	$	116,893	$	(48,304	)	$	(7,942	)	$	60,647

	As of December 31, 2015
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(8,831	)	$	(615	)	$	862	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,419		(13,156		)	(2,238		)	8,025		6.1 years
Customer lists	63,373		(42,808		)	(5,068		)	15,497		5.5 years
Candidate and content database	24,888		(22,088		)	(892		)	1,908		2.4 years
Acquired intangible assets, net	$	160,988	$	(86,883	)	$	(8,813	)	$	65,292

During the second quarter of 2016, the Company retired $44.1 million of fully amortized acquired intangible assets.

Based on the carrying value of the acquired finite-lived intangible assets recorded as of June 30, 2016, and assuming no subsequent impairment of the underlying assets, the estimated future amortization expense is as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,798
2017	4,465
2018	3,946
2019	3,641
2020	3,261
2021 and thereafter	3,536
Total	$	21,647

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INDEBTEDNESS

6 Months Ended

Jun. 30, 2016

Debt Disclosure [Abstract]

Indebtedness

INDEBTEDNESS

Credit Agreement—In November 2015, the Company, together with Dice Inc. (a wholly-owned subsidiary of the Company) and its wholly-owned subsidiary, Dice Career Solutions, Inc. (collectively, the “Borrowers”) entered into an Amended and Restated Credit Agreement (the “Credit Agreement”), which provides for a revolving loan facility of $250.0 million maturing in November 2020. The Company borrowed $105.0 million under the new Credit Agreement to repay all outstanding indebtedness, including accrued interest and fees, under the previously existing credit agreement dated October 2013, terminating that agreement.

Borrowings under the Credit Agreement bear interest, at the Company’s option, at a LIBOR rate or a base rate plus a margin. The margin ranges from 1.75% to 2.50% on LIBOR loans and 0.75% to 1.50% on base rate loans, determined by the Company’s most recent consolidated leverage ratio. The facility may be prepaid at any time without penalty.

The Credit Agreement contains various customary affirmative and negative covenants and also contains certain financial covenants, including a consolidated leverage ratio and a consolidated interest coverage ratio. Negative covenants include restrictions on incurring certain liens; making certain payments, such as stock repurchases and dividend payments; making certain investments; making certain acquisitions; and incurring additional indebtedness. Restricted payments are allowed under the Credit Agreement to the extent the consolidated leverage ratio, calculated on a pro forma basis, is equal to or less than 2.0 to 1.0, plus an additional $5.0 million of restricted payments. The Credit Agreement also provides that the payment of obligations may be accelerated upon the occurrence of customary events of default, including, but not limited to, non-payment, change of control, or insolvency. As of June 30, 2016, the Company was in compliance with all of the financial covenants under the Credit Agreement.

The obligations under the Credit Agreement are guaranteed by four of the Company’s wholly-owned subsidiaries, eFinancialCareers, Inc., Targeted Job Fairs, Inc., Rigzone.com, Inc. and onTargetJobs, Inc., and secured by substantially all of the assets of the Borrowers and the guarantors and stock pledges from certain of the Company’s foreign subsidiaries.

Debt issuance costs of $646,000 were incurred and are being amortized over the life of the loan. These costs are included in interest expense. Unamortized deferred financing costs from the previous credit facility of $973,000 are being amortized over the life of the new Credit Agreement.

The amounts borrowed as of June 30, 2016 and December 31, 2015 are as follows (dollars in thousands):

	June 30, 2016			December 31, 2015
Amounts borrowed:
Revolving credit facility	$	99,000		$	101,000
Less: deferred financing costs, net of accumulated amortization of $1,325 and $1,163	(1,402		)	(1,564		)
Total borrowed	$	97,598		$	99,436
Available to be borrowed under revolving facility	$	151,000		$	149,000
Interest rates:
LIBOR rate loans:
Interest margin	2.00		%	2.00		%
Actual interest rates	2.50		%	2.25		%

There are no scheduled payments for the revolving loan facility of $250.0 million until maturity of the Credit Agreement in November 2020.

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COMMITMENTS AND CONTINGENCIES

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

COMMITMENTS AND CONTINGENCIES

Leases

The Company leases equipment and office space under operating leases expiring at various dates through December 2025. Future minimum lease payments under non-cancellable operating leases as of June 30, 2016 are as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,315
2017	4,227
2018	4,119
2019	3,707
2020	3,294
2021 and thereafter	7,195
Total minimum payments	$	24,857

Rent expense was $1.1 million and $2.3 million for the three and six month periods ended June 30, 2016, respectively, and $1.1 million and $2.1 million for the three and six month periods ended June 30, 2015, respectively, and is included in General and Administrative expense in the Condensed Consolidated Statements of Operations.

Litigation

The Company is subject to various claims from taxing authorities, lawsuits and other complaints arising in the ordinary course of business. The Company records provisions for losses when claims become probable and the amounts are reasonably estimable. Although the outcome of these legal matters cannot be determined, it is the opinion of management that the final resolution of these matters will not have a material effect on the Company’s financial condition, operations or liquidity.

Tax Contingencies

The Company operates in a number of tax jurisdictions and is routinely subject to examinations by various tax authorities with respect to income taxes and indirect taxes. The determination of the Company’s worldwide provision for taxes requires judgment and estimation. The Company has reserved for potential examination adjustments to our provision for income taxes and accrual of indirect taxes in amounts which the Company believes are reasonable.

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EQUITY TRANSACTIONS (Notes)

6 Months Ended

Jun. 30, 2016

Equity, Class of Treasury Stock [Line Items]

Stockholders' Equity Note Disclosure [Text Block]

EQUITY TRANSACTIONS

Stock Repurchase Plans—The Company’s board of directors approved a stock repurchase program that permits the Company to repurchase its common stock. Management has discretion in determining the conditions under which shares may be purchased from time to time. The following table summarizes the Stock Repurchase Plans approved by the board of directors:

	V	VI
Approval Date	December 2014	December 2015
Authorized Repurchase Amount of Common Stock	$50 million	$50 million
Effective Dates	December 2014 to December 2015	December 2015 to December 2016

During the quarter ended June 30, 2016 purchases of the Company’s common stock pursuant to Stock Repurchase Plans were as follows:

Total Number of Shares Purchased	Average Price Paid per Share		Approximate Dollar Value of Shares Purchased		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
1,369,490	$	6.95	$	9,519,000	$	25,059,000

Approximately $0.8 million and $0.9 million of share repurchases had not settled as of June 30, 2016 and December 31, 2015, respectively, and are included in accounts payable and accrued expenses in the accompanying Condensed Consolidated Balance Sheets.

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COMPREHENSIVE INCOME (Notes)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss) [Line Items]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated other comprehensive loss, net consists of the following components (in thousands):

	June 30, 2016			December 31, 2015
Foreign currency translation adjustment	$	(27,104	)	$	(20,468	)

Changes in accumulated other comprehensive loss during the three month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(21,887	)
Other comprehensive loss before reclassifications	(5,217		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive income (loss) during the three month period ended June 30, 2015 are as follows (in thousands):

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(18,416	)	$	3	$	(18,413	)
Other comprehensive income before reclassifications	4,309			—		4,309
Ending balance	$	(14,107	)	$	3	$	(14,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(20,468	)
Other comprehensive loss before reclassifications	(6,636		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2015 are as follows (in thousands):

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(13,909	)	$	3	$	(13,906	)
Other comprehensive loss before reclassifications	(198		)	—		(198		)
Ending balance	$	(14,107	)	$	3	$	(14,104	)

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DISPOSITION RELATED AND OTHER COSTS (Notes)

6 Months Ended

Jun. 30, 2016

Restructuring Cost and Reserve [Line Items]

Restructuring and Related Activities Disclosure [Text Block]

DISPOSITION RELATED AND OTHER COSTS

In January 2016, the Company completed the sale of Slashdot Media and incurred severance costs and additional stock based compensation expense for the acceleration of stock vesting. As a result, the Company recognized a loss on the sale of assets of Slashdot Media.

Effective January 1, 2016, the Company organized leadership responsibilities to leverage operating capabilities more effectively across four of its brands which serve specific industries, and to optimize these brands for future growth by streamlining operations and development. This entailed combining four of its global brands (eFinancialCareers, Rigzone, Hcareers and BioSpace) to have one management structure under a combined group called Global Industry Group (“GIG”).

The following table displays a roll forward of the disposition related and other costs and related liability balances:

	Accrual at										Accrual at
	December 31, 2015		Expense		Cash Payments			Non-Cash			June 30, 2016
Severance—Slashdot Media	$	—	$	981	$	(829	)	$	—		$	152
Accelerated stock based compensation expense—Slashdot Media	—		900		—			(900		)	—
Loss on sale of Slashdot Media	—		639		—			(639		)	—
Severance related to other brands	—		827		(823		)	—			4
Total	$	—	$	3,347	$	(1,652	)	$	(1,539	)	$	156

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STOCK BASED COMPENSATION

6 Months Ended

Jun. 30, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Stock Based Compensation

STOCK BASED COMPENSATION

Under the 2012 Omnibus Equity Award Plan, the Company has granted stock options, restricted stock and Performance-Based Restricted Stock Units (“PSUs”) to certain employees and directors. Compensation expense for stock-based awards made to employees and directors in return for service is recorded in accordance with Compensation-Stock Compensation of the FASB ASC. The Company estimates forfeitures that it expects will occur and records expense based upon the number of awards expected to vest.

The Company recorded total stock based compensation expense of $2.8 million and $5.5 million (excluding $0.9 million of accelerated stock compensation expense related to Slashdot Media as shown in Note 10) during the three and six month periods ended June 30, 2016, respectively, and $2.6 million and $5.1 million during the three and six month periods ended June 30, 2015, respectively. At June 30, 2016, there was $20.3 million of unrecognized compensation expense related to unvested awards, which is expected to be recognized over a weighted-average period of approximately 1.8 years.

Restricted Stock—Restricted stock is granted to employees of the Company and its subsidiaries, and to non-employee members of the Company’s Board. These shares are part of the compensation plan for services provided by the employees or Board members. The closing price of the Company’s stock on the date of grant is used to determine the fair value of the grants. The expense related to the restricted stock grants is recorded over the vesting period. There was no cash flow impact resulting from the grants.

The restricted stock vests in various increments on the anniversaries of each grant, subject to the recipient’s continued employment or service through each applicable vesting date. Vesting occurs over one year for Board members and over four years for employees.

A summary of the status of restricted stock awards as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016				Three Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,379,975		$	8.13	2,324,200		$	8.47
Granted	—		$	—	120,100		$	8.93
Forfeited	(31,625	)	$	8.07	(87,812	)	$	8.40
Vested	(112,100	)	$	8.71	(106,888	)	$	7.39
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,122,225		$	8.54	1,786,581		$	8.45
Granted	1,033,500		$	7.56	1,188,100		$	8.84
Forfeited	(151,500	)	$	8.30	(145,062	)	$	8.27
Vested	(767,975	)	$	8.55	(580,019	)	$	8.93
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

PSUs—PSUs are granted to employees of the Company and its subsidiaries. These shares are part of the compensation plan for services provided by the employees. The fair value of PSUs is measured using the Monte Carlo pricing model. The expense related to the PSUs is recorded over the vesting period. These shares will vest on the dates the Compensation Committee certifies the Company’s achievement of stock price performance relative to the Russell 2000 Index, provided that the recipient remains employed through such date. Performance will be measured over three separate measurement periods: a one-year measurement period, a two-year measurement period and a three-year measurement period. For performance periods one and two, vesting is not to exceed total grant divided by three. For performance period three, vesting is no less than zero and no greater than 150% of initial grant less shares vested in performance periods one and two. There was no cash flow impact resulting from the grants. The fair value of PSUs is measured using the Monte Carlo pricing model using the following assumptions:

	Six Months Ended June 30,
	2016			2015
Weighted average fair value of PSUs granted	$	7.24		$	9.25
Dividend yield	—		%	—		%
Risk free interest rate	0.9		%	1.1		%
Expected volatility	33.5		%	33.6		%

A summary of the status of PSUs as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016			Three Months Ended June 30, 2015
	Shares	Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	670,838	$	9.25	415,000	$	9.25
Non-vested at end of period	670,838	$	8.03	415,000	$	9.25

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	415,000		$	9.25	—	$	—
Granted	417,500		$	7.24	415,000	$	9.25
Forfeited	(26,667	)	$	8.50	—	$	—
Vested	(134,995	)	$	9.25	—	$	—
Non-vested at end of period	670,838		$	8.03	415,000	$	9.25

Stock Options—The fair value of each option grant is estimated using the Black-Scholes option-pricing model using the weighted-average assumptions in the table below. This valuation model requires the Company to make assumptions and judgments about the variables used in the calculation, including the fair value of the Company’s common stock, the expected life (the period of time that the options granted are expected to be outstanding), the volatility of the Company’s common stock, a risk-free interest rate and expected dividends. The expected life of options granted is derived from historical exercise behavior. The risk-free rate for periods within the expected life of the option is based on the U.S. Treasury rates in effect at the time of grant. The stock options vest 25% after one year, beginning on the first anniversary date of the grant, and 6.25% each quarter following the first anniversary. There was no cash flow impact resulting from the grants. No stock options were granted during the six month periods ended June 30, 2016 and June 30, 2015.

A summary of the status of options previously granted as of June 30, 2016 and 2015, and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,363,699		$	7.91	$	2,326,963
Forfeited	(90,376	)	$	8.30	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367

	Three Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,064,236		$	6.18	$	12,593,742
Exercised	(584,816	)	$	2.55	$	3,585,792
Forfeited	(152,213	)	$	11.16	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060

	Six Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,673,512		$	7.46	$	5,485,248
Exercised	(281,750	)	$	3.65	$	1,343,872
Forfeited	(118,439	)	$	8.18	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367
Exercisable at end of period	1,858,163		$	7.81	$	539,367

	Six Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,667,738		$	6.14	$	19,357,512
Exercised	(1,163,281	)	$	4.44	$	5,512,336
Forfeited	(177,250	)	$	11.04	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060
Exercisable at end of period	2,476,325		$	5.98	$	8,104,598

In connection with the Company’s sale of Slashdot Media, the Company accelerated the vesting of 130,375 shares of restricted stock and 24,001 stock options to certain former employees during the six month period ended June 30, 2016, the expense of which is recorded in Disposition Related and Other Costs in the Condensed Consolidated Statements of Operations.

The weighted-average remaining contractual term of options exercisable at June 30, 2016 is 2.3 years. The following table summarizes information about options outstanding as of June 30, 2016:

	Options Outstanding		Options Exercisable
Exercise Price	Number Outstanding	Weighted- Average Remaining Contractual Life	Number Exercisable
		(in years)
$  4.00 - $  5.99	236,070	0.4	236,070
$  6.00 - $  8.99	1,320,415	2.6	1,055,881
$ 9.00 - $ 14.50	716,838	3.5	566,212
	2,273,323		1,858,163

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SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Segment Information

SEGMENT INFORMATION

The Company changed its reportable segments during the first quarter of 2016 to reflect the current operating structure. Accordingly, all prior periods have been recast to reflect the current segment presentation.

The Company has three reportable segments: Tech & Clearance, Global Industry Group and Healthcare. The Tech & Clearance reportable segment includes the Dice, Dice Europe and ClearanceJobs services. The Global Industry Group reportable segment includes the eFinancialCareers, Rigzone, Hcareers and BioSpace services. The Healthcare reportable segment includes the Health eCareers service. Management has organized its reportable segments based upon our internal management reporting.

The Company has other services and activities that individually are not more than 10% of consolidated revenues, operating income or total assets. These include Slashdot Media (business sold in the first quarter of 2016) and Brightmatter, which are reported in the “Corporate & Other” category, along with corporate-related costs which are not considered in a segment.

The Company’s foreign operations are comprised of the Dice Europe operations and a portion of the eFinancialCareers and Rigzone services, which operate in Europe, the financial centers of the gulf region of the Middle East and Asia Pacific. The Company’s foreign operations also include Hcareers, which operates in Canada and a portion of Brightmatter, which operates in Europe. Revenue by geographic region, as shown in the table below, is based on the location of each of the Company’s subsidiaries.

The following table shows the segment information (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
By Segment:
Revenues:
Tech & Clearance	$	34,153		$	35,075		$	68,159		$	68,965
Global Industry Group	16,546			20,343			33,100			40,215
Healthcare	6,955			6,451			13,913			12,561
Corporate & Other	19			3,933			787			7,831
Total revenues	$	57,673		$	65,802		$	115,959		$	129,572
Depreciation:
Tech & Clearance	$	1,770		$	1,622		$	3,508		$	3,210
Global Industry Group	230			236			452			464
Healthcare	495			284			1,091			561
Corporate & Other	68			112			110			222
Total depreciation	$	2,563		$	2,254		$	5,161		$	4,457
Amortization:
Tech & Clearance	$	729		$	888		$	1,457		$	1,768
Global Industry Group	1,074			2,421			2,545			4,838
Healthcare	218			317			436			634
Corporate & Other	49			130			98			259
Total amortization	$	2,070		$	3,756		$	4,536		$	7,499
Operating income (loss):
Tech & Clearance	$	13,291		$	13,289		$	25,124		$	25,470
Global Industry Group	2,477			2,712			3,123			4,025
Healthcare	107			203			(171		)	77
Corporate & Other	(7,390		)	(5,688		)	(16,949		)	(9,896		)
Operating income	8,485			10,516			11,127			19,676
Interest expense	(820		)	(833		)	(1,692		)	(1,641		)
Other income (expense)	(17		)	18			(32		)	(9		)
Income before income taxes	$	7,648		$	9,701		$	9,403		$	18,026
Capital expenditures:
Tech & Clearance	$	1,837		$	1,342		$	3,413		$	2,643
Global Industry Group	186			143			541			522
Healthcare	221			822			397			1,628
Corporate & Other	564			1			966			32
Total capital expenditures	$	2,808		$	2,308		$	5,317		$	4,825

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
By Geography:
Revenues:
United States	$	42,323	$	47,512	$	85,000	$	92,543
United Kingdom	5,611		8,424		13,584		19,180
EMEA, APAC and Canada (1)	9,739		9,866		17,375		17,849
Non-United States	15,350		18,290		30,959		37,029
Total revenues	$	57,673	$	65,802	$	115,959	$	129,572
(1) Europe (excluding United Kingdom), the Middle East and Africa (“EMEA”) and Asia-Pacific (“APAC”)

	June 30, 2016		December 31, 2015
Total assets:
Tech & Clearance	$	171,920	$	177,519
Global Industry Group	138,769		150,111
Healthcare	16,829		18,134
Corporate & Other	17,262		23,171
Total assets	$	344,780	$	368,935

The following table shows the carrying amount of goodwill by reportable segment as of December 31, 2015 and June 30, 2016 and the changes in goodwill for the six month period ended June 30, 2016 (in thousands):

	Tech & Clearance			Global Industry Group			Healthcare		Corporate & Other			Total
Goodwill at December 31, 2015	$	95,523		$	80,096		$	6,269	$	16,710		$	198,598
Foreign currency translation adjustment	(858		)	(4,161		)	—		(1,615		)	(6,634		)
Goodwill at June 30, 2016	$	94,665		$	75,935		$	6,269	$	15,095		$	191,964

The decline in oil prices in 2014 and 2015 and continued low prices in 2016 has decreased demand for energy professionals worldwide.  This decline in demand and any future declines in demand for energy professionals could significantly decrease the use of the Company’s energy industry job posting websites and related services, which may adversely affect the energy reporting unit’s financial condition and results of operations.  As a result of these factors, the Company further evaluated the fair value of this reporting unit and does not believe this reporting unit is currently at risk of failing the first step of the impairment test.  If events and circumstances change resulting in significant reductions in actual operating income or projections of future operating income, the Company will test this reporting unit for impairment prior to the annual impairment test.

On June 23, 2016, the United Kingdom (“UK”) held a referendum in which British citizens approved an exit from the EU, commonly referred to as “Brexit.” As a result of the referendum, Brexit could cause disruptions to and create uncertainty surrounding our business, including affecting our relationships with our existing and future customers and employees based in the UK and Europe along with adversely impacting foreign currencies, particularly the British Pound Sterling as compared to the United States dollar.  These disruptions and uncertainties could decrease demand for finance, technology and energy professionals in the markets we serve. This decline in demand and any future declines in demand could significantly decrease the use of our finance, technology and energy industry job posting websites and related services, which may adversely affect the related reporting unit’s financial condition and results of operations. If recruitment activity is slow in the industries in which we operate during 2016 and beyond, our revenues and results of operations will be negatively impacted. As a result of these factors, the Company further evaluated the fair value of the following reporting units - Dice Europe, Finance and Energy - and does not believe they are currently at risk of failing the first step of the impairment test.  If events and circumstances change resulting in significant reductions in actual operating income or projections of future operating income, the Company will test these reporting units for impairment prior to the annual impairment test.

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EARNINGS PER SHARE

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Earnings Per Share

EARNINGS PER SHARE

Basic earnings per share (“EPS”) is computed based on the weighted-average number of shares of common stock outstanding. Diluted EPS is computed based on the weighted-average number of shares of common stock outstanding plus common stock equivalents assuming exercise of stock options, where dilutive. Stock-based awards of approximately 2.7 million and 2.0 million shares were outstanding during the three and six month periods ended June 30, 2016, respectively, and approximately 2.6 million and 1.8 million shares were outstanding during the three and six month periods ended June 30, 2015, respectively, but were excluded from the calculation of diluted EPS for the periods then ended because the effect of the awards are anti-dilutive. The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Income from continuing operations—basic and diluted	$	4,854	$	5,678	$	5,965	$	10,770
Weighted-average shares outstanding—basic	48,607		51,753		49,034		52,019
Add shares issuable from stock-based awards	672		1,212		816		1,408
Weighted-average shares outstanding—diluted	49,279		52,965		49,850		53,427
Basic earnings per share	$	0.10	$	0.11	$	0.12	$	0.21
Diluted earnings per share	$	0.10	$	0.11	$	0.12	$	0.20

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ACQUIRED INTANGIBLE ASSETS, NET (Tables)

6 Months Ended

Jun. 30, 2016

Intangible Assets, Net (Excluding Goodwill) [Abstract]

Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]

Below is a summary of the major acquired intangible assets and the weighted-average amortization period for the acquired identifiable intangible assets (in thousands):

	As of June 30, 2016
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(9,186	)	$	(833	)	$	289	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,194		(13,221		)	(2,810		)	7,163		6.1 years
Customer lists	28,473		(11,595		)	(2,878		)	14,000		7.0 years
Candidate and content database	15,918		(14,302		)	(1,421		)	195		2.6 years
Acquired intangible assets, net	$	116,893	$	(48,304	)	$	(7,942	)	$	60,647

	As of December 31, 2015
	Total Cost		Accumulated Amortization			Foreign Currency Translation Adjustment			Acquired Intangible Assets, Net		Weighted- Average Amortization Period
Technology	$	10,308	$	(8,831	)	$	(615	)	$	862	3.8 years
Trademarks and brand names—Dice	39,000		—			—			39,000		Indefinite
Trademarks and brand names—Other	23,419		(13,156		)	(2,238		)	8,025		6.1 years
Customer lists	63,373		(42,808		)	(5,068		)	15,497		5.5 years
Candidate and content database	24,888		(22,088		)	(892		)	1,908		2.4 years
Acquired intangible assets, net	$	160,988	$	(86,883	)	$	(8,813	)	$	65,292

Schedule of Estimated Future Amortization Expense

Based on the carrying value of the acquired finite-lived intangible assets recorded as of June 30, 2016, and assuming no subsequent impairment of the underlying assets, the estimated future amortization expense is as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,798
2017	4,465
2018	3,946
2019	3,641
2020	3,261
2021 and thereafter	3,536
Total	$	21,647

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INDEBTEDNESS (Tables)

6 Months Ended

Jun. 30, 2016

Debt Instrument [Line Items]

Schedule of Long-term Debt

The amounts borrowed as of June 30, 2016 and December 31, 2015 are as follows (dollars in thousands):

	June 30, 2016			December 31, 2015
Amounts borrowed:
Revolving credit facility	$	99,000		$	101,000
Less: deferred financing costs, net of accumulated amortization of $1,325 and $1,163	(1,402		)	(1,564		)
Total borrowed	$	97,598		$	99,436
Available to be borrowed under revolving facility	$	151,000		$	149,000
Interest rates:
LIBOR rate loans:
Interest margin	2.00		%	2.00		%
Actual interest rates	2.50		%	2.25		%

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COMMITMENTS AND CONTINGENCIES (Tables)

6 Months Ended

Jun. 30, 2016

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Lease Payments

The Company leases equipment and office space under operating leases expiring at various dates through December 2025. Future minimum lease payments under non-cancellable operating leases as of June 30, 2016 are as follows (in thousands):

July 1, 2016 through December 31, 2016	$	2,315
2017	4,227
2018	4,119
2019	3,707
2020	3,294
2021 and thereafter	7,195
Total minimum payments	$	24,857

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EQUITY TRANSACTIONS (Tables)

6 Months Ended

Jun. 30, 2016

Equity, Class of Treasury Stock [Line Items]

Class of Treasury Stock [Table Text Block]

The following table summarizes the Stock Repurchase Plans approved by the board of directors:

	V	VI
Approval Date	December 2014	December 2015
Authorized Repurchase Amount of Common Stock	$50 million	$50 million
Effective Dates	December 2014 to December 2015	December 2015 to December 2016

Schedule of Repurchase Agreements [Table Text Block]

During the quarter ended June 30, 2016 purchases of the Company’s common stock pursuant to Stock Repurchase Plans were as follows:

Total Number of Shares Purchased	Average Price Paid per Share		Approximate Dollar Value of Shares Purchased		Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs
1,369,490	$	6.95	$	9,519,000	$	25,059,000

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COMPREHENSIVE INCOME (Tables)

6 Months Ended

Jun. 30, 2016

Accumulated Other Comprehensive Income (Loss) [Line Items]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

Accumulated other comprehensive loss, net consists of the following components (in thousands):

	June 30, 2016			December 31, 2015
Foreign currency translation adjustment	$	(27,104	)	$	(20,468	)

Changes in accumulated other comprehensive loss during the three month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(21,887	)
Other comprehensive loss before reclassifications	(5,217		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive income (loss) during the three month period ended June 30, 2015 are as follows (in thousands):

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(18,416	)	$	3	$	(18,413	)
Other comprehensive income before reclassifications	4,309			—		4,309
Ending balance	$	(14,107	)	$	3	$	(14,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2016 are as follows (in thousands):

	Foreign currency translation adjustment
Beginning balance	$	(20,468	)
Other comprehensive loss before reclassifications	(6,636		)
Ending balance	$	(27,104	)

Changes in accumulated other comprehensive loss during the six month period ended June 30, 2015 are as follows (in thousands):

	Foreign currency translation adjustment			Unrealized gains on investments		Total
Beginning balance	$	(13,909	)	$	3	$	(13,906	)
Other comprehensive loss before reclassifications	(198		)	—		(198		)
Ending balance	$	(14,107	)	$	3	$	(14,104	)

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DISPOSITION RELATED AND OTHER COSTS (Tables)

6 Months Ended

Jun. 30, 2016

Restructuring and Related Activities [Abstract]

Restructuring and Related Costs [Table Text Block]

The following table displays a roll forward of the disposition related and other costs and related liability balances:

	Accrual at										Accrual at
	December 31, 2015		Expense		Cash Payments			Non-Cash			June 30, 2016
Severance—Slashdot Media	$	—	$	981	$	(829	)	$	—		$	152
Accelerated stock based compensation expense—Slashdot Media	—		900		—			(900		)	—
Loss on sale of Slashdot Media	—		639		—			(639		)	—
Severance related to other brands	—		827		(823		)	—			4
Total	$	—	$	3,347	$	(1,652	)	$	(1,539	)	$	156

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STOCK BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2016

Equity [Abstract]

Schedule of Status of Options Granted

A summary of the status of options previously granted as of June 30, 2016 and 2015, and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,363,699		$	7.91	$	2,326,963
Forfeited	(90,376	)	$	8.30	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367

	Three Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,064,236		$	6.18	$	12,593,742
Exercised	(584,816	)	$	2.55	$	3,585,792
Forfeited	(152,213	)	$	11.16	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060

	Six Months Ended June 30, 2016
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	2,673,512		$	7.46	$	5,485,248
Exercised	(281,750	)	$	3.65	$	1,343,872
Forfeited	(118,439	)	$	8.18	—
Options outstanding at end of period	2,273,323		$	7.89	$	539,367
Exercisable at end of period	1,858,163		$	7.81	$	539,367

	Six Months Ended June 30, 2015
	Options		Weighted-Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at beginning of the period	4,667,738		$	6.14	$	19,357,512
Exercised	(1,163,281	)	$	4.44	$	5,512,336
Forfeited	(177,250	)	$	11.04	—
Options outstanding at end of period	3,327,207		$	6.59	$	8,791,060
Exercisable at end of period	2,476,325		$	5.98	$	8,104,598

Schedule of Exercise Price Range

The following table summarizes information about options outstanding as of June 30, 2016:

	Options Outstanding		Options Exercisable
Exercise Price	Number Outstanding	Weighted- Average Remaining Contractual Life	Number Exercisable
		(in years)
$  4.00 - $  5.99	236,070	0.4	236,070
$  6.00 - $  8.99	1,320,415	2.6	1,055,881
$ 9.00 - $ 14.50	716,838	3.5	566,212
	2,273,323		1,858,163

Performance Stock Units [Member]

Equity [Abstract]

Schedule of Nonvested Share Activity

A summary of the status of PSUs as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016			Three Months Ended June 30, 2015
	Shares	Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	670,838	$	9.25	415,000	$	9.25
Non-vested at end of period	670,838	$	8.03	415,000	$	9.25

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares	Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	415,000		$	9.25	—	$	—
Granted	417,500		$	7.24	415,000	$	9.25
Forfeited	(26,667	)	$	8.50	—	$	—
Vested	(134,995	)	$	9.25	—	$	—
Non-vested at end of period	670,838		$	8.03	415,000	$	9.25

Schedule of Valuation Assumptions

The fair value of PSUs is measured using the Monte Carlo pricing model using the following assumptions:

	Six Months Ended June 30,
	2016			2015
Weighted average fair value of PSUs granted	$	7.24		$	9.25
Dividend yield	—		%	—		%
Risk free interest rate	0.9		%	1.1		%
Expected volatility	33.5		%	33.6		%

Restricted Stock Units (RSUs) [Member]

Equity [Abstract]

Schedule of Nonvested Share Activity

A summary of the status of restricted stock awards as of June 30, 2016 and 2015 and the changes during the periods then ended is presented below:

	Three Months Ended June 30, 2016				Three Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,379,975		$	8.13	2,324,200		$	8.47
Granted	—		$	—	120,100		$	8.93
Forfeited	(31,625	)	$	8.07	(87,812	)	$	8.40
Vested	(112,100	)	$	8.71	(106,888	)	$	7.39
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

	Six Months Ended June 30, 2016				Six Months Ended June 30, 2015
	Shares		Weighted- Average Fair Value at Grant Date		Shares		Weighted- Average Fair Value at Grant Date
Non-vested at beginning of the period	2,122,225		$	8.54	1,786,581		$	8.45
Granted	1,033,500		$	7.56	1,188,100		$	8.84
Forfeited	(151,500	)	$	8.30	(145,062	)	$	8.27
Vested	(767,975	)	$	8.55	(580,019	)	$	8.93
Non-vested at end of period	2,236,250		$	8.10	2,249,600		$	8.55

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SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table shows the segment information (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
By Segment:
Revenues:
Tech & Clearance	$	34,153		$	35,075		$	68,159		$	68,965
Global Industry Group	16,546			20,343			33,100			40,215
Healthcare	6,955			6,451			13,913			12,561
Corporate & Other	19			3,933			787			7,831
Total revenues	$	57,673		$	65,802		$	115,959		$	129,572
Depreciation:
Tech & Clearance	$	1,770		$	1,622		$	3,508		$	3,210
Global Industry Group	230			236			452			464
Healthcare	495			284			1,091			561
Corporate & Other	68			112			110			222
Total depreciation	$	2,563		$	2,254		$	5,161		$	4,457
Amortization:
Tech & Clearance	$	729		$	888		$	1,457		$	1,768
Global Industry Group	1,074			2,421			2,545			4,838
Healthcare	218			317			436			634
Corporate & Other	49			130			98			259
Total amortization	$	2,070		$	3,756		$	4,536		$	7,499
Operating income (loss):
Tech & Clearance	$	13,291		$	13,289		$	25,124		$	25,470
Global Industry Group	2,477			2,712			3,123			4,025
Healthcare	107			203			(171		)	77
Corporate & Other	(7,390		)	(5,688		)	(16,949		)	(9,896		)
Operating income	8,485			10,516			11,127			19,676
Interest expense	(820		)	(833		)	(1,692		)	(1,641		)
Other income (expense)	(17		)	18			(32		)	(9		)
Income before income taxes	$	7,648		$	9,701		$	9,403		$	18,026
Capital expenditures:
Tech & Clearance	$	1,837		$	1,342		$	3,413		$	2,643
Global Industry Group	186			143			541			522
Healthcare	221			822			397			1,628
Corporate & Other	564			1			966			32
Total capital expenditures	$	2,808		$	2,308		$	5,317		$	4,825

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
By Geography:
Revenues:
United States	$	42,323	$	47,512	$	85,000	$	92,543
United Kingdom	5,611		8,424		13,584		19,180
EMEA, APAC and Canada (1)	9,739		9,866		17,375		17,849
Non-United States	15,350		18,290		30,959		37,029
Total revenues	$	57,673	$	65,802	$	115,959	$	129,572
(1) Europe (excluding United Kingdom), the Middle East and Africa (“EMEA”) and Asia-Pacific (“APAC”)

	June 30, 2016		December 31, 2015
Total assets:
Tech & Clearance	$	171,920	$	177,519
Global Industry Group	138,769		150,111
Healthcare	16,829		18,134
Corporate & Other	17,262		23,171
Total assets	$	344,780	$	368,935

Schedule of Goodwill [Table Text Block]

The following table shows the carrying amount of goodwill by reportable segment as of December 31, 2015 and June 30, 2016 and the changes in goodwill for the six month period ended June 30, 2016 (in thousands):

	Tech & Clearance			Global Industry Group			Healthcare		Corporate & Other			Total
Goodwill at December 31, 2015	$	95,523		$	80,096		$	6,269	$	16,710		$	198,598
Foreign currency translation adjustment	(858		)	(4,161		)	—		(1,615		)	(6,634		)
Goodwill at June 30, 2016	$	94,665		$	75,935		$	6,269	$	15,095		$	191,964

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EARNINGS PER SHARE (Tables)

6 Months Ended

Jun. 30, 2016

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following is a calculation of basic and diluted earnings per share and weighted-average shares outstanding (in thousands, except per share amounts):

	Three Months Ended June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Income from continuing operations—basic and diluted	$	4,854	$	5,678	$	5,965	$	10,770
Weighted-average shares outstanding—basic	48,607		51,753		49,034		52,019
Add shares issuable from stock-based awards	672		1,212		816		1,408
Weighted-average shares outstanding—diluted	49,279		52,965		49,850		53,427
Basic earnings per share	$	0.10	$	0.11	$	0.12	$	0.21
Diluted earnings per share	$	0.10	$	0.11	$	0.12	$	0.20

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SALE OF SLASHDOT MEDIA (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Proceeds from Divestiture of Businesses			$ 2,800
Disposal Group, Working Capital Adjustment			400
Divestiture of business selling costs			800
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal	$ 77		639
Slashdot Media [Domain]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Group, Including Discontinued Operation, Operating Income (Loss)	0	$ 0	(2,700)	$ 500
Disposal Group, Including Discontinued Operation, Revenue	$ 0	$ 3,900	$ 700	$ 7,700

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FAIR VALUE MEASUREMENTS (Unobservable Level 3 Inputs) (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2015	Jun. 30, 2016
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward]
Discount rate used to fair value the expected payments		2.00%
Cash payments	$ (3,800)

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ACQUIRED INTANGIBLE ASSETS, NET (Summary of Acquired Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Intangible Assets, Deletions	$ 44,100
Finite-lived Intangible Assets Acquired	116,893	$ 160,988
Finite-Lived Intangible Assets, Accumulated Amortization	48,304	86,883
Finite-Lived Intangible Assets, Translation Adjustments	7,942	8,813
Acquired intangible assets, net	$ 60,647	$ 65,292
Technology Equipment [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years 9 months	3 years 9 months
Finite-lived Intangible Assets Acquired	$ 10,308	$ 10,308
Finite-Lived Intangible Assets, Accumulated Amortization	9,186	8,831
Finite-Lived Intangible Assets, Translation Adjustments	833	615
Acquired intangible assets, net	$ 289	$ 862
Trademarks, Other [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	6 years 1 month	6 years 1 month
Finite-lived Intangible Assets Acquired	$ 23,194	$ 23,419
Finite-Lived Intangible Assets, Accumulated Amortization	13,221	13,156
Finite-Lived Intangible Assets, Translation Adjustments	2,810	2,238
Acquired intangible assets, net	$ 7,163	$ 8,025
Customer Lists [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years	5 years 6 months
Finite-lived Intangible Assets Acquired	$ 28,473	$ 63,373
Finite-Lived Intangible Assets, Accumulated Amortization	11,595	42,808
Finite-Lived Intangible Assets, Translation Adjustments	2,878	5,068
Acquired intangible assets, net	$ 14,000	$ 15,497
Candidate Database [Member]
Finite-Lived Intangible Assets [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	2 years 7 months	2 years 5 months
Finite-lived Intangible Assets Acquired	$ 15,918	$ 24,888
Finite-Lived Intangible Assets, Accumulated Amortization	14,302	22,088
Finite-Lived Intangible Assets, Translation Adjustments	1,421	892
Acquired intangible assets, net	195	1,908
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-lived Intangible Assets Acquired	39,000	39,000
Finite-Lived Intangible Assets, Accumulated Amortization	0	0
Finite-Lived Intangible Assets, Translation Adjustments	0	0
Acquired intangible assets, net	$ 39,000	$ 39,000

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ACQUIRED INTANGIBLE ASSETS, NET (Estimated Future Amortization Expense) (Details) $ in Thousands	Jun. 30, 2016 USD ($)
Intangible Assets, Net (Excluding Goodwill) [Abstract]
July 1, 2016 through December 31, 2016	$ 2,798
2017	4,465
2018	3,946
2019	3,641
2020	3,261
2021 and thereafter	3,536
Finite-Lived Intangible Assets, Net	$ 21,647

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INDEBTEDNESS (Details) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016 USD ($)	Dec. 31, 2015 USD ($)
Debt Instrument [Line Items]
Ratio of Indebtedness to Net Capital, Pro forma basis	2.0
restricted payments under the Credit Agreement	$ 5,000
Maximum available to be borrowed under revolving facility	250,000
Amount borrowed to retire debt	105,000
Total borrowed	$ 97,598	$ 99,436
LIBOR [Member]
Debt Instrument [Line Items]
Interest margin	2.00%	2.00%
Credit Agreement [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 646
Maximum available to be borrowed under revolving facility	$ 250,000
Credit Agreement [Member] | LIBOR [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest margin	1.75%
Credit Agreement [Member] | LIBOR [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest margin	2.50%
Credit Agreement [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument [Line Items]
Interest margin	0.75%
Credit Agreement [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument [Line Items]
Interest margin	1.50%
Previous Credit Facility [Member]
Debt Instrument [Line Items]
Debt issuance costs	$ 973

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INDEBTEDNESS (Schedule of Credit Agreement) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Long-term Line of Credit, Noncurrent	$ 99,000	$ 101,000
Deferred Finance Costs, Net	(1,402)	(1,564)
Total borrowed	97,598	99,436
Line of Credit Facility, Remaining Borrowing Capacity	151,000	149,000
Accumulated Amortization, Deferred Finance Costs	$ 1,325	$ 1,163
LIBOR [Member]
Debt Instrument [Line Items]
Interest margin	2.00%	2.00%
Actual interest rates	2.50%	2.25%

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COMMITMENTS AND CONTINGENCIES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
July 1, 2016 through December 31, 2016	$ 2,315		$ 2,315
2017	4,227		4,227
2018	4,119		4,119
2019	3,707		3,707
2020	3,294		3,294
2021 and thereafter	7,195		7,195
Total minimum payments	24,857		24,857
Operating Leases, Rent Expense, Net [Abstract]
Rent expense	$ 1,100	$ 1,100	$ 2,300	$ 2,100

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EQUITY TRANSACTIONS (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2016	Dec. 31, 2015	Dec. 31, 2014
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Not Settled, Amount	$ 800	$ 900
Treasury Stock, Shares, Acquired	1,369,490
Treasury Stock Acquired, Average Cost Per Share	$ 6.95
Treasury Stock, Value, Acquired, Cost Method	$ 9,519
Stock Repurchase Program, Remaining Authorized Repurchase Amount	$ 25,059
Stock Repurchase Plan V [Domain]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount			$ 50,000
Stock Repurchase Plan VI [Domain]
Equity, Class of Treasury Stock [Line Items]
Stock Repurchase Program, Authorized Amount		$ 50,000

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COMPREHENSIVE INCOME (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		$ (18,413)	$ (20,468)	$ (13,906)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		4,309		(198)
Ending balance	$ (27,104)	(14,104)	(27,104)	(14,104)
Accumulated Foreign Currency Adjustment Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance	(21,887)	(18,416)	(20,468)	(13,909)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(5,217)	4,309	(6,636)	(198)
Ending balance	$ (27,104)	(14,107)	$ (27,104)	(14,107)
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Beginning balance		3		3
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		0		0
Ending balance		$ 3		$ 3

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DISPOSITION RELATED AND OTHER COSTS (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	$ 0
Restructuring and Related Cost, Incurred Cost	3,347
Payments for Restructuring	(1,652)
Restructuring Costs	(1,539)
Restructuring Reserve	156
Special Termination Benefits [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0
Restructuring and Related Cost, Incurred Cost	900
Payments for Restructuring	0
Restructuring Costs	(900)
Restructuring Reserve	0
Other Restructuring [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0
Restructuring and Related Cost, Incurred Cost	639
Payments for Restructuring	0
Restructuring Costs	(639)
Restructuring Reserve	0
Corporate and Other [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0
Restructuring and Related Cost, Incurred Cost	981
Payments for Restructuring	(829)
Restructuring Costs	0
Restructuring Reserve	152
Other Segments [Member] | Employee Severance [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve	0
Restructuring and Related Cost, Incurred Cost	827
Payments for Restructuring	(823)
Restructuring Costs	0
Restructuring Reserve	$ 4

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STOCK BASED COMPENSATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number	2,273,323	3,327,207	2,273,323	3,327,207	2,363,699	2,673,512	4,064,236	4,667,738
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.89	$ 6.59	$ 7.89	$ 6.59	$ 7.91	$ 7.46	$ 6.18	$ 6.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 539,367	$ 8,791,060	$ 539,367	$ 8,791,060	$ 2,326,963	$ 5,485,248	$ 12,593,742	$ 19,357,512
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period		(584,816)	(281,750)	(1,163,281)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 2.55	$ 3.65	$ 4.44
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 3,585,792	$ 1,343,872	$ 5,512,336
Forfeited, Options	(90,376)	(152,213)	(118,439)	(177,250)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 8.30	$ 11.16	$ 8.18	$ 11.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period, Total Intrinsic Value	$ 0	$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,858,163	2,476,325	1,858,163	2,476,325
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 7.81	$ 5.98	$ 7.81	$ 5.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 539,367	$ 8,104,598	$ 539,367	$ 8,104,598
Stock based compensation expense	2,800,000	$ 2,600,000	5,500,000	$ 5,100,000
Unrecognized compensation expense	$ 20,300,000		$ 20,300,000
Weighted-average period			1 year 10 months
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number			130,375
Employee Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Accelerated Vesting, Number			24,001

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STOCK BASED COMPENSATION (Status of Restricted Stock) (Details) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2016	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted average fair value of options granted		$ 7.24		$ 9.25
Dividend yield		0.00%		0.00%
Weighted average risk free interest rate		0.90%		1.10%
Weighted average expected volatility		33.50%		33.60%
Performance Stock Units [Member]
Nonvested, Number of Shares [Roll Forward]
Non-vested at beginning of period, Shares	670,838	415,000	415,000	0	415,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period					417,500	415,000
Forfeited during the period, Shares					(26,667)	0
Vested during the period, Shares					(134,995)	0
Non-vested at end of period, Shares	670,838	670,838	415,000	415,000	670,838	415,000
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Non-vested at beginning of the period, Weighted Average Grant Date Fair Value		$ 9.25	$ 9.25	$ 0.00	$ 9.25	$ 0.00
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value					7.24	9.25
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value					8.50	0.00
Vested during the period, Weighted Average Grant Date Fair Value					9.25	0.00
Non-vested at end of period, Weighted Average Grant Date Fair Value	$ 8.03		$ 9.25	$ 9.25	$ 8.03	$ 9.25
Restricted Stock [Member]
Nonvested, Number of Shares [Roll Forward]
Non-vested at beginning of period, Shares	2,379,975	2,122,225	2,324,200	1,786,581	2,122,225	1,786,581
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	0		120,100		1,033,500	1,188,100
Forfeited during the period, Shares	(31,625)		(87,812)		(151,500)	(145,062)
Vested during the period, Shares	(112,100)		(106,888)		(767,975)	(580,019)
Non-vested at end of period, Shares	2,236,250	2,379,975	2,249,600	2,324,200	2,236,250	2,249,600
Nonvested, Weighted Average Grant Date Fair Value [Roll Forward]
Non-vested at beginning of the period, Weighted Average Grant Date Fair Value	$ 8.13	$ 8.54	$ 8.47	$ 8.45	$ 8.54	$ 8.45
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	0.00		8.93		7.56	8.84
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	8.07		8.40		8.30	8.27
Vested during the period, Weighted Average Grant Date Fair Value	8.71		7.39		8.55	8.93
Non-vested at end of period, Weighted Average Grant Date Fair Value	$ 8.10	$ 8.13	$ 8.55	$ 8.47	$ 8.10	$ 8.55

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STOCK BASED COMPENSATION (Fair Value Assumptions) (Details) - $ / shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
The weighted average fair value of options granted	$ 7.24	$ 9.25
Dividend yield	0.00%	0.00%
Weighted average risk free interest rate	0.90%	1.10%
Weighted average expected volatility	33.50%	33.60%

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STOCK BASED COMPENSATION (Summary of Status of Options) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Options, Outstanding [Roll Forward]
Options outstanding at beginning of period, Options	2,363,699	4,064,236	2,673,512	4,667,738
Exercised, Options		(584,816)	(281,750)	(1,163,281)
Forfeited, Options	(90,376)	(152,213)	(118,439)	(177,250)
Options outstanding at end of period, Options	2,273,323	3,327,207	2,273,323	3,327,207
Exercisable at end of period, Options	1,858,163	2,476,325	1,858,163	2,476,325
Weighted Average Exercise Price [Roll Forward]
Options outstanding at beginning of period, Weighted Average Exercise Price	$ 7.91	$ 6.18	$ 7.46	$ 6.14
Exercised, Weighted Average Exercise Price		2.55	3.65	4.44
Forfeited, Weighted Average Exercise Price	8.30	11.16	8.18	11.04
Options outstanding at end of period, Weighted Average Exercise Price	7.89	6.59	7.89	6.59
Exercisable at end of period, Weighted Average Exercise Price	$ 7.81	$ 5.98	$ 7.81	$ 5.98
Aggregate Instrinsic Value [Abstract]
Options outstanding at beginning of period, Aggregate Intrinsic Value	$ 2,326,963	$ 12,593,742	$ 5,485,248	$ 19,357,512
Exercised, Aggregate Intrinsic Value		3,585,792	1,343,872	5,512,336
Options outstanding at end of period, Aggregate Intrinsic Value	539,367	8,791,060	539,367	8,791,060
Exercisable at end of period, Aggregate Intrinsic Value	539,367	8,104,598	539,367	8,104,598
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period, Total Intrinsic Value	$ 0	$ 0	$ 0	$ 0

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STOCK BASED COMPENSATION (Summary of Options Outstanding) (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2016 $ / shares shares
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Number of Options Outstanding	2,273
Weighted Average Remaining Contractual Life	2 years 4 months
Number of Exercisable Options	1,858
$4.00 - $5.99 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Limit | $ / shares	$ 4.00
Exercise Price, Upper Limit | $ / shares	$ 5.99
Number of Options Outstanding	236
Weighted Average Remaining Contractual Life	5 months
Number of Exercisable Options	236
$6.00 - $8.99 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Limit | $ / shares	$ 6.00
Exercise Price, Upper Limit | $ / shares	$ 8.99
Number of Options Outstanding	1,320
Weighted Average Remaining Contractual Life	2 years 7 months
Number of Exercisable Options	1,056
$9.00 - $14.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Exercise Price, Lower Limit | $ / shares	$ 9.00
Exercise Price, Upper Limit | $ / shares	$ 14.50
Number of Options Outstanding	717
Weighted Average Remaining Contractual Life	3 years 6 months
Number of Exercisable Options	566

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STOCK BASED COMPENSATION Stock Options Outstanding (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 7.89	$ 6.59	$ 7.89	$ 6.59	$ 7.91	$ 7.46	$ 6.18	$ 6.14
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$ 539,367	$ 8,791,060	$ 539,367	$ 8,791,060	$ 2,326,963	$ 5,485,248	$ 12,593,742	$ 19,357,512
Exercised, Options		(584,816)	(281,750)	(1,163,281)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price		$ 2.55	$ 3.65	$ 4.44
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value		$ 3,585,792	$ 1,343,872	$ 5,512,336
Forfeited, Options	(90,376)	(152,213)	(118,439)	(177,250)
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	$ 8.30	$ 11.16	$ 8.18	$ 11.04
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period, Total Intrinsic Value	$ 0	$ 0	$ 0	$ 0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	1,858,163	2,476,325	1,858,163	2,476,325
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	$ 7.81	$ 5.98	$ 7.81	$ 5.98
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value	$ 539,367	$ 8,104,598	$ 539,367	$ 8,104,598
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 8.10	$ 8.55	$ 8.10	$ 8.55	$ 8.13	$ 8.54	$ 8.47	$ 8.45

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STOCK BASED COMPENSATION Status of PSUs (Details) - Performance Stock Units [Member] - $ / shares	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	670,838	415,000	670,838	415,000	415,000	0
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value	$ 8.03	$ 9.25		$ 9.25	$ 9.25	$ 0.00
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	417,500	415,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 7.24	$ 9.25
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value	8.50	0.00
Vested during the period, Weighted Average Grant Date Fair Value	$ 9.25	$ 0.00
Forfeited during the period, Shares	(26,667)	0
Vested during the period, Shares	(134,995)	0

XML

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016 USD ($)	Jun. 30, 2015 USD ($)	Jun. 30, 2016 USD ($) segments	Jun. 30, 2015 USD ($)	Dec. 31, 2015 USD ($)
Segment Reporting Information [Line Items]
Number of Reportable Segments | segments			3
Revenues	$ 57,673	$ 65,802	$ 115,959	$ 129,572
Depreciation	2,563	2,254	5,161	4,457
Amortization of intangible assets	2,070	3,756	4,536	7,499
Operating income	8,485	10,516	11,127	19,676
Interest expense	(820)	(833)	(1,692)	(1,641)
Other expense	(17)	18	(32)	(9)
Income before income taxes	7,648	9,701	9,403	18,026
Capital expenditures	2,808	2,308	5,317	4,825
Assets	344,780		344,780		$ 368,935
United States [Member]
Segment Reporting Information [Line Items]
Revenues	42,323	47,512	85,000	92,543
UNITED KINGDOM
Segment Reporting Information [Line Items]
Revenues	5,611	8,424	13,584	19,180
EMEA, APAC and Canada [Domain]
Segment Reporting Information [Line Items]
Revenues	9,739	9,866	17,375	17,849
Other than United States [Member]
Segment Reporting Information [Line Items]
Revenues	15,350	18,290	30,959	37,029
Tech & Clearance [Member]
Segment Reporting Information [Line Items]
Revenues	34,153	35,075	68,159	68,965
Depreciation	1,770	1,622	3,508	3,210
Amortization of intangible assets	729	888	1,457	1,768
Operating income	13,291	13,289	25,124	25,470
Capital expenditures	1,837	1,342	3,413	2,643
Assets	171,920		171,920		177,519
Global Industry Group Segment [Member]
Segment Reporting Information [Line Items]
Revenues	16,546	20,343	33,100	40,215
Depreciation	230	236	452	464
Amortization of intangible assets	1,074	2,421	2,545	4,838
Operating income	2,477	2,712	3,123	4,025
Capital expenditures	186	143	541	522
Assets	138,769		138,769		150,111
Healthcare Segment [Member]
Segment Reporting Information [Line Items]
Revenues	6,955	6,451	13,913	12,561
Depreciation	495	284	1,091	561
Amortization of intangible assets	218	317	436	634
Operating income	107	203	(171)	77
Capital expenditures	221	822	397	1,628
Assets	16,829		16,829		18,134
Corporate & Other Segment [Member]
Segment Reporting Information [Line Items]
Revenues	19	3,933	787	7,831
Depreciation	68	112	110	222
Amortization of intangible assets	49	130	98	259
Operating income	(7,390)	(5,688)	(16,949)	(9,896)
Capital expenditures	564	$ 1	966	$ 32
Assets	$ 17,262		$ 17,262		$ 23,171

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SEGMENT INFORMATION (Carrying Amount of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2016 USD ($)
Goodwill [Roll Forward]
Goodwill, beginning balance	$ 198,598
Foreign currency translation adjustment	(6,634)
Goodwill, ending balance	191,964
Tech & Clearance [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	95,523
Foreign currency translation adjustment	(858)
Goodwill, ending balance	94,665
Global Industry Group Segment [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	80,096
Foreign currency translation adjustment	(4,161)
Goodwill, ending balance	75,935
Healthcare Segment [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	6,269
Foreign currency translation adjustment	0
Goodwill, ending balance	6,269
Corporate & Other Segment [Member]
Goodwill [Roll Forward]
Goodwill, beginning balance	16,710
Foreign currency translation adjustment	(1,615)
Goodwill, ending balance	$ 15,095

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EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2016	Jun. 30, 2015
Earnings Per Share [Abstract]
Options to purchase shares	2,700	2,600	2,000	1,800
Income from continuing operations- basic and diluted	$ 4,854	$ 5,678	$ 5,965	$ 10,770
Weighted average shares outstanding-basic	48,607	51,753	49,034	52,019
Weighted Average Number of Shares, Contingently Issuable	672	1,212	816	1,408
Weighted average diluted shares outstanding	49,279	52,965	49,850	53,427
Basic earnings per share (in dollars per share)	$ 0.10	$ 0.11	$ 0.12	$ 0.21
Diluted earnings per share (in dollars per share)	$ 0.10	$ 0.11	$ 0.12	$ 0.20