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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2013
SEGMENT INFORMATION  
Summary of information by segment and reconciliations to Adjusted EBITDA and income (loss) before income taxes

Summarized information by segment and reconciliations to Adjusted EBITDA and income (loss) before income taxes is as follows (in thousands):

 

 

 

For the Three Months Ended March 31, 2013:

 

 

 

Mortgage

 

Non-Mortgage

 

Corporate

 

Total

 

Revenue

 

$

25,520

 

$

2,560

 

$

 

$

28,080

 

Cost of revenue (exclusive of depreciation shown separately below)

 

1,156

 

173

 

27

 

1,356

 

Selling and marketing expense

 

15,160

 

2,095

 

 

17,255

 

General and administrative expense

 

978

 

511

 

5,067

 

6,556

 

Product development

 

950

 

255

 

 

1,205

 

Depreciation

 

374

 

417

 

94

 

885

 

Amortization of intangibles

 

 

43

 

 

43

 

Restructuring and severance

 

 

 

(2

)

(2

)

Litigation settlements and contingencies

 

 

 

1,028

 

1,028

 

Total costs and expenses

 

18,618

 

3,494

 

6,214

 

28,326

 

Operating income (loss)

 

6,902

 

(934

)

(6,214

)

(246

)

Adjustments to reconcile to Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

Amortization of intangibles

 

 

43

 

 

43

 

Depreciation

 

374

 

417

 

94

 

885

 

Restructuring and severance

 

 

 

(2

)

(2

)

Loss on disposal of assets

 

 

 

25

 

25

 

Non-cash compensation

 

413

 

142

 

878

 

1,433

 

Discretionary cash bonus

 

 

 

920

 

920

 

Litigation settlements and contingencies

 

 

 

1,028

 

1,028

 

Adjusted EBITDA

 

$

7,689

 

$

(332

)

$

(3,271

)

$

4,086

 

Adjustments to reconcile to Income/loss before Taxes:

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

(246

)

Interest Expense

 

 

 

 

 

 

 

(7

)

Income/(Loss) Before Income Taxes

 

 

 

 

 

 

 

$

(253

)

 

 

 

For the Three Months Ended March 31, 2012:

 

 

 

Mortgage

 

Non-Mortgage

 

Corporate

 

Total

 

Revenue

 

$

8,993

 

$

4,463

 

$

(221

)

$

13,235

 

Cost of revenue (exclusive of depreciation shown separately below)

 

699

 

81

 

16

 

796

 

Selling and marketing expense

 

6,996

 

3,666

 

(10

)

10,652

 

General and administrative expense

 

644

 

524

 

3,635

 

4,803

 

Product development

 

519

 

260

 

(5

)

774

 

Depreciation

 

392

 

625

 

207

 

1,224

 

Amortization of intangibles

 

 

107

 

 

107

 

Restructuring and severance

 

2

 

1

 

(67

)

(64

)

Litigation settlements and contingencies

 

 

 

222

 

222

 

Total costs and expenses

 

9,252

 

5,264

 

3,998

 

18,514

 

Operating income (loss)

 

(259

)

(801

)

(4,219

)

(5,279

)

Adjustments to reconcile to Adjusted EBITDA:

 

 

 

 

 

 

 

 

 

Amortization of intangibles

 

 

107

 

 

107

 

Depreciation

 

392

 

625

 

207

 

1,224

 

Restructuring and severance

 

2

 

1

 

(67

)

(64

)

Loss on disposal of assets

 

26

 

30

 

4

 

60

 

Non-cash compensation

 

239

 

159

 

786

 

1,184

 

Litigation settlements and contingencies

 

 

 

222

 

222

 

Adjusted EBITDA

 

$

400

 

$

121

 

$

(3,067

)

$

(2,546

)

Adjustments to reconcile to Income/loss before Taxes:

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

 

 

 

 

 

 

(5,279

)

Interest Expense

 

 

 

 

 

 

 

(121

)

Income/(Loss) Before Income Taxes

 

 

 

 

 

 

 

$

(5,400

)