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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Net revenues (note 11) $ 84,117 $ 81,087 [1] $ 163,070 [1] $ 176,882 [1],[2]
Cost of revenues (note 11)        
Cost of revenues 54,873 54,501 [1] 106,805 [1] 123,473 [1]
Network expenses 2,385 2,701 [1] 4,780 [1] 5,275 [1]
Depreciation of property and equipment 2,038 1,228 [1] 3,839 [1] 2,359 [1]
Amortization of intangible assets 314 499 [1] 488 [1] 998 [1]
Total cost of revenues 59,610 58,929 [1],[3] 115,912 [1] 132,105 [1],[3]
Gross profit 24,507 22,158 [1] 47,158 [1] 44,777 [1]
Expenses:        
Sales and marketing 8,856 7,852 [1] 17,597 [1] 16,217 [1]
Technical operations and development 2,752 2,355 [1] 5,275 [1] 4,450 [1]
General and administrative 4,796 4,256 [1] 9,244 [1] 8,786 [1]
Depreciation of property and equipment 134 102 [1] 258 [1] 203 [1]
Amortization of intangible assets 2,251 1,827 4,117 3,659
Loss (gain) on currency forward contracts (note 6) (31) 52 [1] (110) [1] 49 [1]
Total expenses 18,758 16,444 [1] 36,381 [1] 33,364 [1]
Income from operations 5,749 5,714 [1] 10,777 [1] 11,413 [1]
Other income (expenses):        
Interest expense, net (1,314) (951) [1] (2,286) [1] (1,847) [1]
Other income, net 73 [1] [1] 197 [1]
Total other income (expenses) (1,314) (878) [1] (2,286) [1] (1,650) [1]
Income before provision for income taxes 4,435 4,836 [1] 8,491 [1] 9,763 [1]
Provision for income taxes (note 9) 1,819 1,228 3,076 2,411
Net income before redeemable non-controlling interest 2,616 3,608 [1] 5,415 [1] 7,352 [1]
Redeemable non-controlling interest [1] [1] (26) [1]
Net income attributable to redeemable non-controlling interest [1] [1] 26 [1]
Net income for the period 2,616 3,608 [1],[4] 5,415 [1] 7,352 [1],[4]
Other comprehensive income, net of tax        
Unrealized income (loss) on hedging activities (note 6) 240 (273) [1] 789 [1] (256) [1]
Net amount reclassified to earnings (note 6) 80 13 [1] 141 [1] 13 [1]
Other comprehensive income (loss) net of tax (expense) recovery of ($103) and $84 for the three months ended June 30, 2019 and June 30, 2018, ($298) and $78 for the six months ended June 30, 2019 and June 30, 2018 (note 6) 320 (260) 930 (243)
Comprehensive income, net of tax for the period $ 2,936 $ 3,348 [1] $ 6,345 [1] $ 7,109 [1]
Basic earnings per common share (note 10) (in dollars per share) $ 0.25 $ 0.34 [1] $ 0.51 [1] $ 0.69 [1]
Shares used in computing basic earnings per common share (note 10) (in shares) 10,657,124 10,597,228 [1] 10,646,045 [1] 10,592,994 [1]
Diluted earnings per common share (note 10) (in dollars per share) $ 0.24 $ 0.33 [1] $ 0.50 [1] $ 0.68 [1]
Shares used in computing diluted earnings per common share (note 10) (in shares) 10,840,005 10,803,007 [1] 10,837,456 [1] 10,797,017 [1]
[1] The Company has initially applied ASC 2016-02 (Topic 842) using the modified retrospective method. Under this method, the comparative information is not restated.
[2] As a result of the bulk transfer of 2.65 million domain names to Namecheap on January 5, 2018, recognized revenue for the six months ended June 30, 2018 includes $14.6 million related to previously deferred revenue for these names.
[3] As a result of the bulk transfer of 2.65 million domain names to Namecheap on January 5th, 2018, recognized cost of sales for the six months ended June 30, 2018 includes $14.5 million related to prepaid costs for these names.
[4] The Company has initially applied ASC 2016-02 (Topic 842) using the modified retrospective method. Under this method, the comparative information is not restated.