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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Net revenues (note 10) $ 346,013 $ 329,421 [1] $ 189,819 [1]
Cost of revenues (note 10)      
Cost of revenues 232,103 230,600 [1] 120,187 [1]
Network expenses 9,846 9,324 [1] 5,210 [1]
Depreciation of property and equipment 5,298 3,142 [1] 1,320 [1]
Amortization of intangible assets 1,996 1,834 [1] 48 [1]
Total cost of revenues 249,243 244,900 [1] 126,765 [1]
Gross profit 96,770 84,521 [1] 63,054 [1]
Expenses:      
Sales and marketing 33,063 29,423 [1] 20,755 [1]
Technical operations and development 8,748 7,258 [1] 4,495 [1]
General and administrative 17,710 13,594 [1] 11,405 [1]
Depreciation of property and equipment 424 585 [1] 504 [1]
Amortization of intangible assets (note 5) 7,247 6,566 [1] 905 [1]
Impairment of indefinite life intangible assets (note 5) 111 [2] 43 [2]
Loss (gain) on currency forward contracts (note 7) 254 (98) [1] (99) [1]
Total expenses 67,446 57,439 [1] 38,007 [1]
Income from operations 29,324 27,082 [1] 25,047 [1]
Other income (expenses):      
Interest expense, net (3,687) (3,567) [1] (450) [1]
Other income, net 518 560 [1] 516 [1]
Total other income (expenses) (3,169) (3,007) [1] 66 [1]
Income before provision for income taxes 26,155 24,075 [1] 25,113 [1]
Provision for income tax (note 9) 9,020 1,748 [1] 9,046 [1]
Net income before redeemable non-controlling interest 17,135 22,327 [1] 16,067 [1]
Redeemable non-controlling interest (26) (387) [1] (871) [1]
Net income attributable to redeemable non-controlling interest 26 387 [1] 871 [1]
Net income for the period 17,135 22,327 [1],[2] 16,067 [1],[2]
Other comprehensive income, net of tax      
Unrealized income (loss) on hedging activities (note 7) (1,022) 550 [1] 568 [1]
Net amount reclassified to earnings (note 7) 212 (650) [1] 641 [1]
Other comprehensive income (loss) net of tax (expense) recovery of $259, $(56) and $(668) for the years ended December 31, 2018, 2017 and 2016 (note 7) (810) (100) [1] 1,209 [1]
Comprehensive income, net of tax for the period $ 16,325 $ 22,227 [1] $ 17,276 [1]
Basic earnings per common share (note 16) (in dollars per share) $ 1.62 $ 2.12 [1] $ 1.53 [1]
Shares used in computing basic earnings per common share (note 16) (in shares) 10,604,722 10,537,356 [1] 10,524,856 [1]
Diluted earnings per common share (note 16) (in dollars per share) $ 1.59 $ 2.07 [1] $ 1.50 [1]
Shares used in computing diluted earnings per common share (note 16) (in shares) 10,794,170 10,793,622 [1] 10,713,595 [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.