| Financial information by reporting segment |
Segment information for the three and six months ended June 30, 2013 and 2012 were as follows (in thousands):
| | Three months ended June 30, 2013 | | Three months ended June 30, 2012 | | | | Ambassador Programs | | | | | | | | | Ambassador Programs | | | | | | | | | | and Other1 | | BookRags | | Consolidated | | | and Other1 | | BookRags | | Consolidated | Total revenue | | $ | 23,453 | | $ | 1,029 | | $ | 24,482 | | $ | 30,801 | | $ | 1,005 | | $ | 31,806 | Gross margin | | $ | 21,900 | | $ | 903 | | $ | 22,803 | | $ | 28,788 | | $ | 872 | | $ | 29,660 | Depreciation and amortization | | $ | 1,255 | | $ | 131 | | $ | 1,386 | | $ | 1,096 | | $ | 133 | | $ | 1,229 | Operating income | | $ | 12,165 | | $ | 377 | | $ | 12,542 | | $ | 18,451 | | $ | 342 | | $ | 18,793 | Income tax provision | | $ | 4,442 | | $ | 169 | | $ | 4,611 | | $ | 5,160 | | $ | 48 | | $ | 5,208 | Net income | | $ | 7,884 | | $ | 208 | | $ | 8,092 | | $ | 13,884 | | $ | 314 | | $ | 14,198 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six months ended June 30, 2013 | | Six months ended June 30, 2012 | | | | Ambassador Programs | | | | | | | | | Ambassador Programs | | | | | | | | | | and Other1 | | BookRags | | Consolidated | | | and Other1 | | BookRags | | Consolidated | Total revenue | | $ | 25,347 | | $ | 2,028 | | $ | 27,375 | | $ | 32,068 | | $ | 2,203 | | $ | 34,271 | Gross margin | | $ | 22,422 | | $ | 1,773 | | $ | 24,195 | | $ | 29,169 | | $ | 1,900 | | $ | 31,069 | Depreciation and amortization | | $ | 2,419 | | $ | 292 | | $ | 2,711 | | $ | 2,137 | | $ | 275 | | $ | 2,412 | Operating income (loss) | | $ | (960) | | $ | 709 | | $ | (251) | | $ | 6,489 | | $ | 819 | | $ | 7,308 | Income tax provision (benefit) | | $ | (265) | | $ | 289 | | $ | 24 | | $ | 1,679 | | $ | 193 | | $ | 1,872 | Net income (loss) | | $ | (387) | | $ | 420 | | $ | 33 | | $ | 5,636 | | $ | 656 | | $ | 6,292 | Total additions to property and equipment | $ | 1,600 | | $ | 189 | | $ | 1,789 | | $ | 3,283 | | $ | 113 | | $ | 3,396 | Total additions to intangibles | $ | - | | $ | 164 | | $ | 164 | | $ | - | | $ | 293 | | $ | 293 | Intangibles | $ | - | | $ | 3,540 | | $ | 3,540 | | $ | - | | $ | 3,505 | | $ | 3,505 | Total assets | | $ | 108,061 | | $ | 15,409 | | $ | 123,470 | | $ | 132,802 | | $ | 17,199 | | $ | 150,001 |
1Ambassador Programs and Other include all travel programs offered by Ambassador Programs and World Adventures Unlimited as well as corporate overhead. |