Quarterly Results of Operations (Tables)

12 Months Ended

Dec. 31, 2013

Summary of Quarterly Results of Operations

The following is a summary of the quarterly results of operations for the years ended December 31, 2013 and 2012:

(in thousands, except per share data)	Fiscal Year 2013 Quarters Ended
	March 31		June 30		September 30 (a)		December 31 (b)
Net revenue	$	16,793	$	20,666	$	33,983	$	29,900
Gross profit		4,592		4,768		7,261		5,689
Loss before income taxes		(3,793)		(2,908)		(2,086)		(2,447)
Net loss		(3,793)		(2,908)		(2,094)		(2,505)
Diluted net loss per share	$	(0.14)	$	(0.11)	$	(0.07)	$	(0.08)
Weighted average shares outstanding-diluted		26,696		27,804		30,044		33,077
(in thousands, except per share data)	Fiscal Year 2012 Quarters Ended
	March 31		June 30		September 30 (c)		December 31 (d)
Net revenue	$	18,256	$	21,447	$	26,358	$	26,830
Gross profit		6,427		5,319		5,737		5,549
Income (loss) before income taxes		(3,052)		(4,070)		(27,549)		(3,815)
Net income (loss)		(1,856)		(2,518)		(39,017)		(3,815)
Diluted net income (loss) per share	$	(0.07)	$	(0.09)	$	(1.46)	$	(0.14)
Weighted average shares outstanding-diluted		26,661		26,669		26,677		26,694

(a) The quarter ended September 30, 2013 includes one-time cash charges of $555,000 for the integration of Syndicated and other acquisition related expenses.

(b) The quarter ended December 31, 2013 includes one-time cash charges of $1.5 million for the integration of Syndicated, acquisition of Mercury and other acquisition related expenses.

(c) The quarter ended September 30, 2012 includes a noncash charge of $22.0 million for the impairment of goodwill and other assets and a noncash charge of $14.5 million for the establishment of a valuation allowance for all of our net deferred tax assets.

(d) The quarter ended December 31, 2012 includes a noncash charge of $1.6 million for an additional valuation allowance for our net deferred tax assets generated during that quarter.