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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2014
Segment Reporting [Abstract] |
Summary of information by segment and reconciliations to Adjusted EBITDA and income (loss) before taxes | Summarized information by segment and reconciliations to Adjusted EBITDA and income (loss) before income taxes is as follows (in thousands):
| Year Ended December 31, 2014
| Lending |  | Other |  | Corporate |  | Total
Revenue | $ | 154,504 |  |  | $ | 12,846 |  |  | $ | — |  |  | $ | 167,350 |
Costs and expenses: |  |  |  |  |  |  |
Cost of revenue (exclusive of depreciation shown separately below) | 7,399 |  |  | 504 |  |  | — |  |  | 7,903 |
Selling and marketing expense | 104,388 |  |  | 8,316 |  |  | — |  |  | 112,704 |
General and administrative expense | 4,898 |  |  | 3,979 |  |  | 17,006 |  |  | 25,883 |
Product development | 6,345 |  |  | 1,088 |  |  | 24 |  |  | 7,457 |
Depreciation | 1,596 |  |  | 1,284 |  |  | 365 |  |  | 3,245 |
Amortization of intangibles | — |  |  | 136 |  |  | — |  |  | 136 |
Restructuring and severance | 268 |  |  | 12 |  |  | 93 |  |  | 373 |
Litigation settlements and contingencies | — |  |  | 2 |  |  | 10,616 |  |  | 10,618 |
Total costs and expenses | 124,894 |  |  | 15,321 |  |  | 28,104 |  |  | 168,319 |
Operating income (loss) | 29,610 |  |  | (2,475 | ) |  | (28,104 | ) |  | (969 | )
Adjustments to reconcile to Adjusted EBITDA: |  |  |  |  |  |  |
Amortization of intangibles | — |  |  | 136 |  |  | — |  |  | 136 |
Depreciation | 1,596 |  |  | 1,284 |  |  | 365 |  |  | 3,245 |
Restructuring and severance | 268 |  |  | 12 |  |  | 93 |  |  | 373 |
Loss on disposal of assets | 45 |  |  | 220 |  |  | 17 |  |  | 282 |
Impairment of long-lived assets | — |  |  | 805 |  |  | — |  |  | 805 |
Non-cash compensation | 2,404 |  |  | 1,043 |  |  | 3,830 |  |  | 7,277 |
Acquisition expense | — |  |  | 60 |  |  | — |  |  | 60 |
Litigation settlements and contingencies | — |  |  | 2 |  |  | 10,616 |  |  | 10,618 |
Adjusted EBITDA | $ | 33,923 |  |  | $ | 1,087 |  |  | $ | (13,183 | ) |  | $ | 21,827 |
Operating loss |  |  |  |  |  |  | $ | (969 | )
Interest expense |  |  |  |  |  |  | (2 | )
Loss before income taxes |  |  |  |  |  |  | $ | (971 | )
| Year Ended December 31, 2013
| Lending |  | Other |  | Corporate |  | Total
Revenue | $ | 127,985 |  |  | $ | 10,632 |  |  | $ | 623 |  |  | $ | 139,240 |
Costs and expenses: |  |  |  |  |  |  |
Cost of revenue (exclusive of depreciation shown separately below) | 5,469 |  |  | 613 |  |  | 460 |  |  | 6,542 |
Selling and marketing expense | 83,694 |  |  | 7,449 |  |  | (22 | ) |  | 91,121 |
General and administrative expense | 3,629 |  |  | 2,245 |  |  | 18,784 |  |  | 24,658 |
Product development | 4,302 |  |  | 962 |  |  | — |  |  | 5,264 |
Depreciation | 1,453 |  |  | 1,642 |  |  | 406 |  |  | 3,501 |
Amortization of intangibles | — |  |  | 147 |  |  | — |  |  | 147 |
Restructuring and severance | 78 |  |  | 46 |  |  | 35 |  |  | 159 |
Litigation settlements and contingencies | — |  |  | 31 |  |  | 8,924 |  |  | 8,955 |
Total costs and expenses | 98,625 |  |  | 13,135 |  |  | 28,587 |  |  | 140,347 |
Operating income (loss) | 29,360 |  |  | (2,503 | ) |  | (27,964 | ) |  | (1,107 | )
Adjustments to reconcile to Adjusted EBITDA: |  |  |  |  |  |  |
Amortization of intangibles | — |  |  | 147 |  |  | — |  |  | 147 |
Depreciation | 1,453 |  |  | 1,642 |  |  | 406 |  |  | 3,501 |
Restructuring and severance | 78 |  |  | 46 |  |  | 35 |  |  | 159 |
Loss on disposal of assets | — |  |  | — |  |  | 165 |  |  | 165 |
Non-cash compensation | 1,681 |  |  | 689 |  |  | 3,257 |  |  | 5,627 |
Discretionary cash bonus | — |  |  | — |  |  | 920 |  |  | 920 |
Trust contribution |  |  | — |  |  | 350 |  |  | 350 |
Litigation settlements and contingencies | — |  |  | 31 |  |  | 8,924 |  |  | 8,955 |
Adjusted EBITDA | $ | 32,572 |  |  | $ | 52 |  |  | $ | (13,907 | ) |  | $ | 18,717 |
Operating loss |  |  |  |  |  |  |  |  |  | $ | (1,107 | )
Interest expense |  |  |  |  |  |  |  |  |  | (19 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (1,126 | )
| Year Ended December 31, 2012
| Lending |  | Other |  | Corporate |  | Total
Revenue | $ | 61,176 |  |  | $ | 14,620 |  |  | $ | 1,647 |  |  | $ | 77,443 |
Costs and expenses: |  |  |  |  |  |  |
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 |
Operating loss |  |  |  |  |  |  |  |  |  | (2,851 | )
Interest expense |  |  |  |  |  |  |  |  |  | (881 | )
Loss before income taxes |  |  |  |  |  |  |  |  |  | $ | (3,732 | )
Revenue by product category of the lending segment is as follows (in thousands):
| Year Ended Year Ended December 31,
| 2014 |  | 2013 |  | 2012
Mortgage products | $ | 134,137 |  |  | $ | 123,091 |  |  | $ | 59,362 |
Non-mortgage products | 20,367 |  |  | 4,894 |  |  | 1,814 |
Total lending revenue | $ | 154,504 |  |  | $ | 127,985 |  |  | $ | 61,176 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
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