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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
 
The table below sets forth selected quarterly financial data for each of the last two fiscal years (dollars in thousands, except per share data). 
 
 
Fiscal Year Ended December 31, 2014
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
Total revenue
 
$
72,657

 
$
78,896

 
$
81,306

 
$
82,152

Operating income (loss)
 
(3,307
)
 
(18,223
)
 
(4,734
)
 
15,902

Net income (loss)
 
(3,783
)
 
(18,356
)
 
(5,207
)
 
15,272

Net income (loss) per common share - basic and diluted
 
$
(0.06
)
 
$
(0.31
)
 
$
(0.09
)
 
$
0.26

 
 
 
Fiscal Year Ended December 31, 2013
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
 
(unaudited)
 
(unaudited)
 
(unaudited)
 
(unaudited)
Total revenue
 
$
52,171

 
$
59,215

 
$
65,500

 
$
68,756

Operating income (loss)
 
(7,469
)
 
(13,855
)
 
(13,028
)
 
3,271

Net income (loss)
 
(7,947
)
 
(14,334
)
 
(13,511
)
 
2,803

Net income (loss) per common share - basic and diluted
 
$
(0.14
)
 
$
(0.25
)
 
$
(0.23
)
 
$
0.05


 
Information in any one quarterly period should not be considered indicative of annual results due to the effects of seasonality on the Company’s business.
 
The fourth quarter of 2014 includes a $1,778 charge to product and technology expense for the recognition of a one-time, non-cash long-lived asset impairment related to the abandonment of certain capitalized website and software development assets.

The third quarter of 2014 includes a $458 non-operating loss on debt extinguishment, inclusive of the prepayment penalties, additional interest and other fees and expenses associated with the prepayment of the Company's previous loan and security agreement as well as the amounts written off for the remaining deferred financing fees and warrant interest expense under the prior debt facility.

The fourth quarter of 2013 includes a $4,000 charge to general and administrative expense reflective of an estimate for settlement of pending litigation.