v3.3.1.900

Quarterly Financial Information ( Unaudited ) (Tables)

12 Months Ended

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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- References

No definition available.

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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

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