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Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
 [2]
Net revenues (note 10) $ 311,202 $ 337,145 $ 346,013 [1]
Cost of revenues (note 10)      
Cost of revenues 200,401 217,579 232,103
Network expenses 10,194 9,190 9,846
Depreciation of property and equipment (note 4) 12,144 8,475 5,298
Amortization of intangible assets (note 5) 1,340 1,124 1,996
Impairment of Property Plant and Equipment 1,638 0 0
Total cost of revenues 225,717 236,368 249,243 [3]
Gross profit 85,485 100,777 96,770
Expenses:      
Sales and marketing 34,274 34,270 33,063
Technical operations and development 12,427 9,717 8,748
General and administrative 20,268 17,880 17,710
Depreciation of property and equipment 488 486 424
Loss (gain) on disposition of property and equipment (17) 73 0
Amortization of intangible assets (note 5) 10,080 9,209 7,247
Impairment of definite life intangible assets 1,431 0 0
Loss (gain) on currency forward contracts (note 7) (383) (198) 254
Total expenses 78,568 71,437 67,446
Income from operations 6,917 29,340 29,324
Other income (expenses):      
Interest expense, net (3,611) (4,769) (3,687)
Gain on sale of Ting customer assets, net (note 16) 7,612 0 0
Other income, net (158) 0 518
Total other income (expenses) 3,843 (4,769) (3,169)
Income before provision for income taxes 10,760 24,571 26,155
Provision for income taxes (note 9) 4,985 9,173 9,020
Net income before redeemable non-controlling interest 5,775 15,398 17,135
Redeemable non-controlling interest 0 0 (26)
Net income attributable to redeemable non-controlling interest 0 0 26
Net income for the period 5,775 15,398 17,135 [4]
Other comprehensive income, net of tax      
Unrealized income (loss) on hedging activities (note 7) 1,653 1,101 (1,022)
Net amount reclassified to earnings (note 7) 210 182 212
Other comprehensive income (loss) net of tax expense (recovery) of $550 and $411 and ($259) for the years ended December 31, 2020, 2019 and 2018 (note 7) 1,863 1,283 (810)
Comprehensive income, net of tax for the period $ 7,638 $ 16,681 $ 16,325
Basic earnings per common share (note 17) (in dollars per share) $ 0.55 $ 1.45 $ 1.62
Shares used in computing basic earnings per common share (note 17) (in shares) 10,590,684 10,623,799 10,604,722
Diluted earnings per common share (note 17) (in dollars per share) $ 0.54 $ 1.43 $ 1.59
Shares used in computing diluted earnings per common share (note 17) (in shares) 10,692,281 10,772,812 10,794,170
[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.
[4] 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.