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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Net revenues (note 10) $ 88,129 $ 83,519 [1],[2] $ 251,199 $ 260,401 [1],[2]
Cost of revenues (note 10)        
Cost of revenues 55,756 55,105 [2] 162,561 178,578 [2]
Network expenses 2,254 2,315 [2] 7,034 7,590 [2]
Depreciation of property and equipment 2,231 1,339 [2] 6,070 3,697 [2]
Amortization of intangible assets 314 499 [2] 802 1,497 [2]
Total cost of revenues 60,555 59,258 [2],[3] 176,467 191,362 [2],[3]
Gross profit 27,574 24,261 [2] 74,732 69,039 [2]
Expenses:        
Sales and marketing 8,769 8,412 [2] 26,366 24,629 [2]
Technical operations and development 2,876 2,207 [2] 8,151 6,657 [2]
General and administrative 4,574 4,120 [2] 13,818 12,906 [2]
Depreciation of property and equipment 117 106 [2] 375 309 [2]
Loss on disposition of property and equipment 73 [2] 73 [2]
Amortization of intangible assets 2,544 1,797 [2] 6,661 5,456 [2]
Loss (gain) on currency forward contracts (note 5) 20 (27) [2] (90) 22 [2]
Total expenses 18,973 16,615 [2] 55,354 49,979 [2]
Income from operations 8,601 7,646 [2] 19,378 19,060 [2]
Other income (expenses):        
Interest expense, net (1,263) (914) [2] (3,549) (2,761) [2]
Other income, net (16) [2] 181 [2]
Total other income (expenses) (1,263) (930) [2] (3,549) (2,580) [2]
Income before provision for income taxes 7,338 6,716 [2] 15,829 16,480 [2]
Provision for income taxes (note 8) 3,133 1,370 6,209 3,781
Net income before redeemable non-controlling interest 4,205 5,346 [2] 9,620 12,699 [2]
Redeemable non-controlling interest [2] (26) [2]
Net income attributable to redeemable non-controlling interest [2] 26 [2]
Net income for the period 4,205 5,346 [2],[4] 9,620 12,699 [2],[4]
Other comprehensive income, net of tax        
Unrealized income (loss) on hedging activities (note 5) (175) 144 [2] 614 (112) [2]
Net amount reclassified to earnings (note 5) 26 63 [2] 167 76 [2]
Other comprehensive income (loss) net of tax (expense) recovery of $47 and ($59) for the three months ended September 30, 2019 and September 30, 2018, ($250) and $19 for the nine months ended September 30, 2019 and September 30, 2018 (note 5) (149) 207 [2] 781 (36) [2]
Comprehensive income, net of tax for the period $ 4,056 $ 5,553 [2] $ 10,401 $ 12,663 [2]
Basic earnings per common share (note 9) (in dollars per share) $ 0.40 $ 0.50 [2] $ 0.90 $ 1.20 [2]
Shares used in computing basic earnings per common share (note 9) (in shares) 10,626,754 10,611,579 [2] 10,639,544 10,599,243 [2]
Diluted earnings per common share (note 9) (in dollars per share) $ 0.39 $ 0.50 [2] $ 0.89 $ 1.18 [2]
Shares used in computing diluted earnings per common share (note 9) (in shares) 10,745,834 10,794,297 [2] 10,798,099 10,795,668 [2]
[1] As a result of the bulk transfers of 2.65 million domain names to Namecheap on January 5, 2018 and 0.24 million domain names to Namecheap on September 25, 2018, recognized revenue for the three and nine months ended September 30, 2018 includes $1.7 million and $16.3 million, respectively, related to previously deferred revenue, a portion of which would have otherwise been recognized after September 30, 2018.
[2] The Company has initially applied ASC 2016-02 (Topic 842) using the modified retrospective method. Under this method, the comparative information is not restated.
[3] As a result of the bulk transfers of 2.65 million domain names to Namecheap on January 5, 2018 and 0.24 million domain names to Namecheap on September 25, 2018, recognized cost of revenue for the three and nine months ended September 30, 2018 includes $1.7 million and $16.2 million, respectively, related to previously deferred revenue, a portion of which would have otherwise been recognized after September 30, 2018.
[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.