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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Net revenues (note 10) $ 83,519 $ 85,008 [1] $ 260,401 $ 238,800 [1]
Cost of revenues (note 10)        
Cost of revenues 55,105 60,731 [1] 178,578 169,488 [1]
Network expenses 2,315 2,461 [1] 7,590 7,064 [1]
Depreciation of property and equipment 1,339 823 [1] 3,698 2,128 [1]
Amortization of intangible assets 499 499 [1] 1,497 1,335 [1]
Total cost of revenues 59,258 64,514 [1] 191,363 180,015 [1]
Gross profit 24,261 20,494 [1] 69,038 58,785 [1]
Expenses:        
Sales and marketing 8,412 7,384 [1] 24,629 22,051 [1]
Technical operations and development 2,207 1,910 [1] 6,657 5,402 [1]
General and administrative 4,120 3,381 [1] 12,906 10,124 [1]
Depreciation of property and equipment 106 155 [1] 309 486 [1]
Amortization of intangible assets (note 6) 1,797 1,746 [1] 5,456 4,735 [1]
Impairment of indefinite life intangible asset 2 2
Loss (gain) on currency forward contracts (note 5) (27) (54) [1] 22 (115) [1]
Total expenses 16,615 14,524 [1] 49,979 42,685 [1]
Income from operations 7,646 5,970 [1] 19,059 16,100 [1]
Other income (expenses):        
Interest expense, net (914) (864) [1] (2,761) (2,703) [1]
Other income, net (16) 157 [1] 181 512 [1]
Total other income (expenses) (930) (707) [1] (2,580) (2,191) [1]
Income before provision for income taxes 6,716 5,263 [1] 16,479 13,909 [1]
Provision for income taxes (note 8) 1,370 1,823 3,781 2,781
Net income before redeemable non-controlling interest 5,346 3,440 [1] 12,698 11,128 [1]
Redeemable non-controlling interest (69) [1] (26) (312) [1]
Net income attributable to redeemable non-controlling interest 69 [1] 26 312 [1]
Net income for the period 5,346 3,440 [1],[2] 12,698 11,128 [1],[2]
Other comprehensive income, net of tax        
Amount of Gain or (Loss) Recognized in OCI, Net of Tax, on Derivative (Effective Portion) 144 309 [1] (112) 638 [1]
Net amount reclassified to earnings (note 5) 63 (318) [1] 76 (416) [1]
Other comprehensive income (loss) net of tax of $ (59) and $ 5 for the three months ended September 30, 2018 and September 30, 2017, $ 19 and $ (127) for the nine months ended September 30, 2018 and September 30, 2017 (note 5) 207 (9) (36) 222
Comprehensive income, net of tax for the period $ 5,553 $ 3,431 [1] $ 12,662 $ 11,350 [1]
Basic earnings per common share (note 9) (in dollars per share) $ 0.50 $ 0.33 [1] $ 1.20 $ 1.06 [1]
Shares used in computing basic earnings per common share (note 9) (in shares) 10,611,579 10,564,311 [1] 10,599,243 10,522,841 [1]
Diluted earnings per common share (note 9) (in dollars per share) $ 0.50 $ 0.32 [1] $ 1.18 $ 1.03 [1]
Shares used in computing diluted earnings per common share (note 9) (in shares) 10,794,297 10,785,342 [1] 10,795,668 10,785,050 [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.