v3.3.1.900

Quarterly Financial Information ( Unaudited ) (Tables) | 12 Months Ended
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Dec. 31, 2015
Quarterly Financial Information ( Unaudited ) |
Schedule of unaudited quarterly results |
|  | Three Months Ended |
|  | March 31, 2015 |  | June 30, 2015 |  | September 30, 2015 |  | December 31, 2015 |
|  | (in thousands, except share and per share amounts) |
Revenue |  | $ | 34,612 |  | $ | 35,238 |  | $ | 37,092 |  | $ | 43,252 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Servicing and support |  |  | 7,550 |  |  | 7,903 |  |  | 7,845 |  |  | 8,749 |
Technology and content development |  |  | 6,134 |  |  | 6,466 |  |  | 7,082 |  |  | 7,529 |
Program marketing and sales |  |  | 19,587 |  |  | 21,526 |  |  | 21,567 |  |  | 20,231 |
General and administrative |  |  | 6,711 |  |  | 8,871 |  |  | 8,477 |  |  | 10,064 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total costs and expenses |  |  | 39,982 |  |  | 44,766 |  |  | 44,971 |  |  | 46,573 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from operations |  |  | (5,370 | ) |  | (9,528 | ) |  | (7,879 | ) |  | (3,321 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (126 | ) |  | (126 | ) |  | (127 | ) |  | (173 | )
Interest income |  |  | 28 |  |  | 24 |  |  | 21 |  |  | 94 |
Other |  |  | — |  |  | — |  |  | (250 | ) |  | — |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total other income (expense) |  |  | (98 | ) |  | (102 | ) |  | (356 | ) |  | (79 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss |  | $ | (5,468 | ) | $ | (9,630 | ) | $ | (8,235 | ) | $ | (3,400 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (0.13 | ) | $ | (0.23 | ) | $ | (0.20 | ) | $ | (0.07 | )
Weighted-average shares used in computing net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 40,978,741 |  |  | 41,362,476 |  |  | 41,645,894 |  |  | 45,651,475 |
|  | Three Months Ended |
|  | March 31, 2014 |  | June 30, 2014 |  | September 30, 2014 |  | December 31, 2014 |
|  | (in thousands, except share and per share amounts) |
Revenue |  | $ | 26,332 |  | $ | 24,744 |  | $ | 28,407 |  | $ | 30,756 |
Costs and expenses: |  |  |  |  |  |  |  |  |  |  |  |  |
Servicing and support |  |  | 6,248 |  |  | 7,000 |  |  | 6,598 |  |  | 7,012 |
Technology and content development |  |  | 5,674 |  |  | 5,818 |  |  | 5,726 |  |  | 5,403 |
Program marketing and sales |  |  | 15,241 |  |  | 16,710 |  |  | 16,971 |  |  | 16,296 |
General and administrative |  |  | 5,436 |  |  | 5,708 |  |  | 6,303 |  |  | 5,973 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total costs and expenses |  |  | 32,599 |  |  | 35,236 |  |  | 35,598 |  |  | 34,684 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Loss from operations |  |  | (6,267 | ) |  | (10,492 | ) |  | (7,191 | ) |  | (3,928 | )
Other income (expense): |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  | (784 | ) |  | (134 | ) |  | (176 | ) |  | (119 | )
Interest income |  |  | 1 |  |  | 31 |  |  | 30 |  |  | 30 |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Total other income (expense) |  |  | (783 | ) |  | (103 | ) |  | (146 | ) |  | (89 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss |  | $ | (7,050 | ) | $ | (10,595 | ) | $ | (7,337 | ) | $ | (4,017 | )
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  | $ | (0.92 | ) | $ | (0.27 | ) | $ | (0.18 | ) | $ | (0.10 | )
Weighted-average shares used in computing net loss per share: |  |  |  |  |  |  |  |  |  |  |  |  |
Basic and diluted |  |  | 7,698,709 |  |  | 39,304,884 |  |  | 40,269,937 |  |  | 40,577,087 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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