Discontinued Operations (Tables)

3 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations

Major classes of line items constituting (Loss) income from discontinued operations related to the GoTo Business

	Three Months Ended March 31,
	2017			2016
	(in thousands)
Net revenues	$	58,215		$	166,905
Cost of net revenues	15,456			39,281
Gross margin	42,759			127,624
Operating expenses:
Research and development	9,108			21,727
Sales, marketing and services	20,881			58,821
General and administrative	7,636			12,960
Amortization of other intangible assets	1,176			3,674
Restructuring	3,189			509
Separation	40,573			14,231
Total operating expenses	82,563			111,922
(Loss) income from discontinued operations before income taxes	(39,804		)	15,702
Income tax expense	2,900			5,493
(Loss) income from discontinued operations, net of income tax	$	(42,704	)	$	10,209

Carrying amounts of major classes of assets and liabilities included as part of discontinued operations related to the GoTo Business

	March 31, 2017		December 31, 2016
	(in thousands)
Assets
Current assets:
Cash	$	—	$	120,861
Accounts receivable, net	—		44,734
Prepaid expenses and other current assets	—		14,094
Total current assets of discontinued operations	—		179,689
Property and equipment, net	—		81,866
Goodwill	—		380,917
Other intangible assets, net	—		54,312
Deferred tax assets, net	—		18,496
Other assets	—		3,340
Long-term assets of discontinued operations	$	—	$	538,931
Total major classes of assets of discontinued operations	$	—	$	718,620
Liabilities
Current liabilities:
Accounts payable	$	13,820	$	11,333
Accrued expenses and other current liabilities	—		46,088
Current portion of deferred revenues	—		115,249
Total current liabilities of discontinued operations	13,820		172,670
Long-term portion of deferred revenues	—		4,224
Other liabilities	—		3,484
Long-term liabilities of discontinued operations	$	—	$	7,708
Total major classes of liabilities of discontinued operations	$	13,820	$	180,378

Schedule of Changes in Stockholders' Equity

The following table presents the changes in Total stockholders' equity during the three months ended March 31, 2017:

	(in thousands)
Balance as of December 31, 2016	$	2,608,727
Cumulative-effect adjustment from adoption of accounting standard on stock-based compensation	386
Distribution of the net assets of the GoTo Business	(465,974		)
Shares issued under stock-based compensation plans	902
Stock-based compensation expense	36,012
Temporary equity reclassification	79,495
Stock repurchases, net	(500,000		)
Restricted shares turned in for tax withholding	(56,950		)
Other comprehensive gain, net of tax	4,370
Net income	27,621
Other	(847		)
Balance as of March 31, 2017	$	1,733,742