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Segment information
12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Segment information

15. Segment information

We currently manage our operations in two reportable segments, Information Services and Performance Marketing. The segments reflect the way the Company evaluates its business performance and manages its operations. In 2015, the Company has disposed of all assets and liabilities related to its Advertising Business and related results of operations has been recognized as discontinued operations. Therefore, no information relating to the Advertising Business is presented here.

Information regarding our Information Services and Performance Marketing segments are as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

78,365

 

 

$

55,454

 

 

$

6,413

 

Performance Marketing

 

 

141,903

 

 

 

131,382

 

 

 

7,678

 

 

 

$

220,268

 

 

$

186,836

 

 

$

14,091

 

Loss (income) from operations:

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

(23,594

)

 

$

(25,568

)

 

$

(13,721

)

Performance Marketing

 

 

5,830

 

 

 

10,445

 

 

 

(16

)

 

 

 

(17,764

)

 

 

(15,123

)

 

 

(13,737

)

Corporate (1)

 

 

(24,754

)

 

 

(18,915

)

 

 

(30,663

)

 

 

$

(42,518

)

 

$

(34,038

)

 

$

(44,400

)

Depreciation and amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

6,739

 

 

$

5,894

 

 

$

481

 

Performance Marketing

 

 

7,454

 

 

 

6,737

 

 

 

360

 

 

 

$

14,193

 

 

$

12,631

 

 

$

841

 

Write-off of long-lived assets

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

1,189

 

 

$

4,055

 

 

$

-

 

Performance Marketing

 

 

2,437

 

 

 

-

 

 

 

-

 

 

 

$

3,626

 

 

$

4,055

 

 

$

-

 

Share-based compensation expense:

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

13,225

 

 

$

11,950

 

 

$

4,521

 

Performance Marketing

 

 

4,539

 

 

 

3,333

 

 

 

254

 

 

 

 

17,764

 

 

 

15,283

 

 

 

4,775

 

Corporate (1)

 

 

16,232

 

 

 

13,966

 

 

 

29,385

 

 

 

$

33,996

 

 

$

29,249

 

 

$

34,160

 

Capital expenditure:

 

 

 

 

 

 

 

 

 

 

 

 

Information Services

 

$

7,117

 

 

$

9,804

 

 

$

3,977

 

Performance Marketing

 

 

1,010

 

 

 

1,122

 

 

 

-

 

 

 

$

8,127

 

 

$

10,926

 

 

$

3,977

 

 

(In thousands)

 

December 31, 2017

 

 

December 31, 2016

 

Assets:

 

 

 

 

 

 

 

 

Information Services

 

$

119,946

 

 

$

110,166

 

Performance Marketing

 

 

194,470

 

 

 

197,937

 

 

 

 

314,416

 

 

 

308,103

 

Corporate (2)

 

 

2,583

 

 

 

3,808

 

 

 

$

316,999

 

 

$

311,911

 

Intangible assets, net:

 

 

 

 

 

 

 

 

Information Services

 

$

52,259

 

 

$

52,424

 

Performance Marketing

 

 

37,448

 

 

 

46,107

 

 

 

$

89,707

 

 

$

98,531

 

Goodwill:

 

 

 

 

 

 

 

 

Information Services

 

$

44,178

 

 

$

44,178

 

Performance Marketing

 

 

122,078

 

 

 

122,078

 

 

 

$

166,256

 

 

$

166,256

 

(1)

Corporate primarily represents corporate administrative costs that are not allocated to individual segments. The segment information for the years ended December 31, 2016 and 2015 was reclassified to conform to the current period presentation.

(2)

Assets of corporate primarily represents corporate’s assets that are not allocated to individual segments. The segment information as of December 31, 2016 was reclassified to conform to the current period presentation.

A reconciliation of loss from operations from segments to loss before income taxes for the periods presented is as follows:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Loss from operations from segments

 

$

(17,764

)

 

$

(15,123

)

 

$

(13,737

)

Corporate (1)

 

 

(24,754

)

 

 

(18,915

)

 

 

(30,663

)

Total other expense (2)

 

 

(10,688

)

 

 

(9,090

)

 

 

(14,768

)

Loss before income taxes

 

$

(53,206

)

 

$

(43,128

)

 

$

(59,168

)

(1)

Corporate primarily represents corporate administrative costs that are not allocated to individual segments. The segment information for the years ended December 31, 2016 and 2015 was reclassified to conform to the current period presentation.

(2)

Other expense, primarily represents non-operating income and expense, including interest expense, net, and other expenses, net, which the Company does not allocate into segments.

Revenue by geography is based on the location of the customers. The following table sets forth revenue by geographic areas:

 

 

 

Year Ended December 31,

 

(In thousands)

 

2017

 

 

2016

 

 

2015

 

Revenue:

 

 

 

 

 

 

 

 

 

 

 

 

United States

 

$

211,307

 

 

$

167,568

 

 

$

12,816

 

Outside of the United States (1)

 

 

8,961

 

 

 

19,268

 

 

 

1,275

 

 

 

$

220,268

 

 

$

186,836

 

 

$

14,091

 

 

(1)

No individual country, other than disclosed above, exceeded 10% of our total consolidated revenue for any period presented.