Summary of Changes in Company's Allowance for Doubtful Accounts |
Below is a summary of the changes in the Company’s allowance
for doubtful accounts for the years ended December 31, 2016,
2015 and 2014.
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Balance at
Beginning
of Year |
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Provision |
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Acquired in
Business
Combinations |
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Write-offs,
Net of
Recoveries |
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Balance at
End of
Year |
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Year ended December 31, 2014
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$ |
913 |
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$ |
708 |
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— |
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$ |
(607 |
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$ |
1,014 |
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Year ended December 31, 2015
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$ |
1,014 |
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$ |
805 |
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— |
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$ |
(104 |
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$ |
1,715 |
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Year ended December 31, 2016
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$ |
1,715 |
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$ |
894 |
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— |
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$ |
(648 |
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$ |
1,961 |
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Property and Equipment and Other Capitalized Assets |
Property and equipment and other capitalized assets consist of the
following:
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As of December 31, |
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2016 |
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2015 |
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Furniture and fixtures
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$ |
988 |
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$ |
794 |
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Computer equipment and software
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3,722 |
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4,051 |
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Leasehold improvements
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2,050 |
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1,510 |
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Internal-use software and website development costs
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23,782 |
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20,934 |
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30,542 |
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27,289 |
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Less: accumulated depreciation and amortization
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(21,310 |
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(18,367 |
) |
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$ |
9,232 |
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$ |
8,922 |
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Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Share |
A reconciliation of the numerator and denominator used in the
calculation of basic and diluted net income per share is as
follows:
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For the Years Ended
December 31, |
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2016 |
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2015 |
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2014 |
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Numerator:
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Net income
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$ |
2,419 |
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$ |
7,186 |
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$ |
4,081 |
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Denominator:
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Basic:
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Weighted average shares of common stock and vested, undelivered
restricted stock awards outstanding
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29,953,798 |
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32,963,185 |
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33,010,162 |
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Diluted:
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Weighted average shares of common stock and vested, undelivered
restricted stock awards outstanding
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29,953,798 |
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32,963,185 |
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33,010,162 |
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Effect of potentially dilutive shares
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819,734 |
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1,512,620 |
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1,630,349 |
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Total weighted average shares of common stock and vested,
undelivered restricted stock awards outstanding and potentially
dilutive shares
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30,773,532 |
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34,475,805 |
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34,640,511 |
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Calculation of Net Income Per Common Share:
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Basic:
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Net income applicable to common stockholders
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$ |
2,419 |
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$ |
7,186 |
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$ |
4,081 |
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Weighted average shares of stock outstanding
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29,953,798 |
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32,963,185 |
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33,010,162 |
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Net income per common share
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$ |
0.08 |
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$ |
0.22 |
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$ |
0.12 |
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Diluted:
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Net income applicable to common stockholders
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$ |
2,419 |
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$ |
7,186 |
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$ |
4,081 |
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Weighted average shares of stock outstanding
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30,773,532 |
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34,475,805 |
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34,640,511 |
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Net income per common share(1)
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$ |
0.08 |
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$ |
0.21 |
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$ |
0.12 |
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| (1) |
In calculating diluted earnings per
share, 1.3 million, 1.1 million and 1.0 million
shares related to outstanding stock options and unvested,
undelivered restricted stock awards were excluded for the years
ended December 31, 2016, 2015 and 2014, respectively, because
they were anti-dilutive. |
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