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SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2012
SEGMENT INFORMATION  
Schedule of quarterly and annual data to reflect the change in reportable operating segments

In the tables below, the Company has updated its annual data to reflect the change in reportable operating segments for the years ended December 31, 2012 and 2011(in thousands):

 
  For the Year Ended December 31, 2012:  
 
  Mortgage   Non-Mortgage   Corporate   Total  

Revenue

  $ 61,176   $ 14,620   $ 1,647   $ 77,443  

Cost of revenue (exclusive of depreciation shown separately below)

    3,238     536     521     4,295  

Selling and marketing expense

    35,250     13,677     7     48,934  

General and administrative expense

    3,470     2,888     15,873     22,231  

Product development

    2,277     1,258     (6 )   3,529  

Depreciation

    1,536     1,991     578     4,105  

Amortization of intangibles

        358         358  

Restructuring and severance

    20     11     (88 )   (57 )

Litigation settlements and contingencies

            (3,101 )   (3,101 )
                   

Total costs and expenses

    45,791     20,719     13,784     80,294  
                   

Operating income (loss)

    15,385     (6,099 )   (12,137 )   (2,851 )

Adjustments to reconcile to Adjusted EBITDA:

                         

Amortization of intangibles

        358         358  

Depreciation

    1,536     1,991     578     4,105  

Restructuring and severance

    20     11     (88 )   (57 )

Loss on disposal of assets

    388     345     5     738  

Non-cash compensation

    987     507     3,093     4,587  

Litigation settlements and contingencies

            (3,101 )   (3,101 )
                   

Adjusted EBITDA

  $ 18,316   $ (2,887 ) $ (11,650 ) $ 3,779  
                   

Adjustments to reconcile to Income/loss before Taxes:

                         

Operating income (loss)

                      (2,851 )

Interest Expense

                      (881 )
                         

Income/(Loss) Before Income Taxes

                    $ (3,732 )
                         

 


 

 
  For the Year Ended December 31, 2011:  
 
  Mortgage   Non-Mortgage   Corporate   Total  

Revenue

  $ 40,253   $ 17,655   $ (3,291 ) $ 54,617  

Cost of revenue (exclusive of depreciation shown separately below)

    3,779     276     78     4,133  

Selling and marketing expense

    31,759     14,490     413     46,662  

General and administrative expense

    3,261     2,113     14,377     19,751  

Product development

    1,429     1,444     330     3,203  

Depreciation

    1,417     2,632     974     5,023  

Amortization of intangibles

    455     423     13     891  

Restructuring expense

    368     294     418     1,080  

Litigation settlements and contingencies

    1         5,731     5,732  

Asset impairments

    250         29,000     29,250  
                   

Total costs and expenses

    42,719     21,672     51,334     115,725  
                   

Operating income (loss)

    (2,466 )   (4,017 )   (54,625 )   (61,108 )

Adjustments to reconcile to Adjusted EBITDA:

                         

Amortization of intangibles

    455     423     13     891  

Depreciation

    1,417     2,632     974     5,023  

Restructuring expense

    368     294     418     1,080  

Asset impairments

    250         29,000     29,250  

Loss on disposal of assets

    173     102     36     311  

Non-cash compensation

    550     351     2,876     3,777  

Litigation settlements and contingencies

    1         5,731     5,732  

Post-acquisition adjustments

        (652 )       (652 )
                   

Adjusted EBITDA

  $ 748   $ (867 ) $ (15,577 ) $ (15,696 )
                   

Adjustments to reconcile to Income/loss before Taxes:

                         

Operating income (loss)

                      (61,108 )

Interest Expense

                      (368 )
                         

Income/(Loss) Before Income Taxes

                    $ (61,476 )