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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Net revenues (note 10) $ 81,087,000 $ 84,223,000 [1] $ 176,882,000 $ 153,791,000 [1]
Cost of revenues (note 10)        
Cost of revenues 54,501,000 59,445,000 [1] 123,473,000 108,756,000 [1]
Network expenses 2,701,000 2,261,000 [1] 5,275,000 4,604,000 [1]
Depreciation of property and equipment 1,228,000 714,000 [1] 2,359,000 1,305,000 [1]
Amortization of intangible assets 499,000 455,000 [1] 998,000 836,000 [1]
Total cost of revenues 58,929,000 62,875,000 [1] 132,105,000 115,501,000 [1]
Gross profit 22,158,000 21,348,000 [1] 44,777,000 38,290,000 [1]
Expenses:        
Sales and marketing 7,852,000 7,447,000 [1] 16,217,000 14,667,000 [1]
Technical operations and development 2,355,000 1,798,000 [1] 4,450,000 3,492,000 [1]
General and administrative 4,256,000 3,285,000 [1] 8,786,000 6,742,000 [1]
Depreciation of property and equipment 102,000 165,000 [1] 203,000 331,000 [1]
Loss on disposal of property and equipment 2,000 [1] 2,000 [1]
Amortization of intangible assets (note 6) 1,827,000 1,608,000 [1] 3,659,000 2,989,000 [1]
Loss (gain) on currency forward contracts (note 5) 52,000 (27,000) [1] 49,000 (61,000) [1]
Total expenses 16,444,000 14,278,000 [1] 33,364,000 28,162,000 [1]
Income from operations 5,714,000 7,070,000 [1] 11,413,000 10,128,000 [1]
Other income (expense):        
Interest expense, net (951,000) (970,000) [1] (1,847,000) (1,838,000) [1]
Other income, net 73,000 225,000 [1] 197,000 354,000 [1]
Total other income (expense) (878,000) (745,000) [1] (1,650,000) (1,484,000) [1]
Income before provision for income taxes 4,836,000 6,325,000 [1] 9,763,000 8,644,000 [1]
Provision for income tax (note 8) 1,228,000 1,083,000 2,411,000 958,000
Net income before redeemable non-controlling interest 3,608,000 5,242,000 [1] 7,352,000 7,686,000 [1]
Redeemable non-controlling interest (117,000) [1] (26,000) (243,000) [1]
Net income attributable to redeemable non-controlling interest 117,000 [1] 26,000 243,000 [1]
Net income for the period 3,608,000 5,242,000 [1],[2] 7,352,000 7,686,000 [1],[2]
Other comprehensive income, net of tax        
Unrealized income on hedging activities (note 5) (273,000) 143,000 [1] (256,000) 329,000 [1]
Net amount reclassified to earnings (note 5) 13,000 (17,000) [1] 13,000 (98,000) [1]
Other comprehensive income net of tax of $84 and and $71 for the three months ended June 30, 2018 and June 30, 2017, $78 and $131 for the six months ended June 30, 2018 and June 30, 2017 (note 5) (260,000) 126,000 [1] (243,000) 231,000 [1]
Comprehensive income for the period $ 3,348,000 $ 5,368,000 [1] $ 7,109,000 $ 7,917,000 [1]
Basic earnings per common share (note 9) (in dollars per share) $ 0.34 $ 0.50 [1] $ 0.69 $ 0.73 [1]
Shares used in computing basic earnings per common share (note 9) (in shares) 10,597,228 10,528,219 [1] 10,592,994 10,501,407 [1]
Diluted earnings per common share (note 9) (in dollars per share) $ 0.33 $ 0.49 [1] $ 0.68 $ 0.71 [1]
Shares used in computing diluted earnings per common share (note 9) (in shares) 10,803,007 10,793,031 [1] 10,797,017 10,785,685 [1]
[1] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.
[2] The Company has initially applied ASC 2014-09 (Topic 606) using the modified retrospective method. Under this method, the comparative information is not restated.