XML 118 R101.htm IDEA: XBRL DOCUMENT v3.20.4
Note 19 - Segment Reporting - Information by Reportable Segments (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Net Revenues $ 70,784 $ 74,311 $ 82,122 $ 83,985 $ 85,946 $ 88,129 $ 84,117 $ 78,953 $ 311,202 $ 337,145 $ 346,013 [1],[2]
Cost of revenues                 200,401 217,579 232,103 [2]
Network expenses                 10,194 9,190 9,846 [2]
Depreciation of property and equipment                 12,144 8,475 5,298 [2]
Amortization of intangible assets                 1,340 1,124 1,996 [2]
Impairment of Property Plant and Equipment                 1,638 0 0 [2]
Total cost of revenues                 225,717 236,368 249,243 [2],[3]
Gross Profit $ 17,428 $ 19,941 $ 22,966 $ 25,150 $ 26,045 $ 27,574 $ 24,507 $ 22,651 85,485 100,777 96,770 [2]
Sales and marketing                 34,274 34,270 33,063 [2]
Technical operations and development                 12,427 9,717 8,748 [2]
General and administrative                 20,268 17,880 17,710 [2]
Depreciation of property and equipment                 488 486 424 [2]
Loss on disposition of property and equipment                 17 (73) (0) [2]
Amortization of intangible assets                 10,080 9,209 7,247 [2]
Impairment of definite life intangible assets                 1,431 0 0 [2]
Loss (gain) on currency forward contracts                 (383) (198) 254 [2]
Income from operations                 6,917 29,340 29,324 [2]
Other income (expenses), net                 3,843 (4,769) (3,169) [2]
Income before provision for income taxes                 10,760 24,571 26,155 [2]
Network Access Services [Member]                      
Net Revenues                 68,948 95,663 97,324 [1]
Cost of revenues                 32,950 48,343 50,055
Network expenses                 2,430 2,007 2,029
Depreciation of property and equipment                 10,544 6,877 4,063
Amortization of intangible assets                 98 46 46
Impairment of Property Plant and Equipment                 1,638    
Total cost of revenues                 47,660 57,273 56,193
Gross Profit                 21,288 38,390 41,131
Domain Name Services [Member]                      
Net Revenues                 242,254 241,482 248,689 [1]
Cost of revenues                 167,451 169,236 182,048
Network expenses                 7,764 7,183 7,817
Depreciation of property and equipment                 1,600 1,598 1,235
Amortization of intangible assets                 1,242 1,078 1,950
Impairment of Property Plant and Equipment                 0    
Total cost of revenues                 178,057 179,095 193,050
Gross Profit                 $ 64,197 $ 62,387 $ 55,639
[1] As a result of the bulk transfers of 2.89 million domain names to Namecheap throughout 2018, recognized revenue for the year ended December 31, 2018 includes $16.9 million, related to previously deferred revenue, a portion of which would have otherwise been recognized after December 31, 2018.
[2] The Company has initially applied ASC 2016-02 (Topic 842) on January 1, 2019 (note 2 (u)). The accounting standard was adopted using the modified retrospective method, under this method the comparative period was not restated.
[3] As a result of the bulk transfers of 2.89 million domain names to Namecheap throughout 2018, recognized Cost of revenue for the year ended December 31, 2018 includes $16.8 million, related to previously deferred prepaid registry fees, a portion of which would have otherwise been recognized after December 31, 2018.