Reis 10-Q 30 Apr 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2015	Apr. 27, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Trading Symbol	REIS
Entity Registrant Name	Reis, Inc.
Entity Central Index Key	1038222
Current Fiscal Year End Date	-19
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,228,905

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$21,366,162	$17,745,077
Restricted cash and investments	212,756	212,625
Accounts receivable, net	5,772,020	12,627,063
Prepaid and other assets	3,675,274	4,164,320
Assets attributable to discontinued operations	3,500	3,500
Total current assets	31,029,712	34,752,585
Furniture, fixtures and equipment, net of accumulated depreciation of $2,219,319 and $2,158,647, respectively	803,360	850,866
Intangible assets, net of accumulated amortization of $34,810,936 and $33,589,746, respectively	14,542,409	14,681,410
Deferred tax asset, non-current portion, net	18,935,737	18,638,737
Goodwill	54,824,648	54,824,648
Other assets	118,366	139,797
Total assets	120,254,232	123,888,043
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	2,577,188	4,170,687
Deferred revenue	21,316,781	22,885,287
Liabilities attributable to discontinued operations	344,038	299,025
Total current liabilities	24,238,007	27,354,999
Other long-term liabilities	374,919	419,638
Total liabilities	24,612,926	27,774,637
Commitments and contingencies
Stockholders' equity:
Common stock, $0.02 par value per share, 101,000,000 shares authorized, 11,228,905 and 11,156,571 shares issued and outstanding, respectively	224,578	223,131
Additional paid in capital	105,491,879	105,605,803
Retained earnings (deficit)	-10,075,151	-9,715,528
Total stockholders' equity	95,641,306	96,113,406
Total liabilities and stockholders' equity	$120,254,232	$123,888,043

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accumulated depreciation of furniture, fixtures and equipment	$2,219,319	$2,158,647
Accumulated amortization of intangible assets	$34,810,936	$33,589,746
Common stock, par value	$0.02	$0.02
Common stock, shares authorized	101,000,000	101,000,000
Common stock, shares issued	11,228,905	11,156,571
Common stock, shares outstanding	11,228,905	11,156,571

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Income Statement [Abstract]
Subscription revenue	$11,130,778				$9,946,045
Cost of sales of subscription revenue	2,185,440				1,916,345
Gross profit	8,945,338				8,029,700
Operating expenses:
Sales and marketing	2,653,014				2,552,020
Product development	862,754				763,103
General and administrative expenses	3,321,076				3,037,442
Total operating expenses	6,836,844				6,352,565
Other income (expenses):
Interest and other income	7,089				3,058
Interest expense	-28,213				-28,213
Total other income (expenses)	-21,124				-25,155
Income (loss) before income taxes and discontinued operations	2,087,370				1,651,980
Income tax expense	794,000				605,000
Income from continuing operations	1,293,370				1,046,980
(Loss) from discontinued operations, net of income tax (benefit) of $(47,000) and $(235,000), respectively	-71,354				-377,878
Net income	$1,222,016				$669,102
Per share amounts - basic:
Income from continuing operations	$0.12				$0.10
Net income	$0.11				$0.06
Per share amounts - diluted:
Income from continuing operations	$0.11				$0.09
Net income	$0.10				$0.06
Weighted average number of common shares outstanding:
Basic	11,190,683				10,978,716
Diluted	11,692,564				11,463,330
Dividends declared per common share	$0.14	$0.11	$0.11	$0.11

Consolidated_Statements_of_Ope1

Consolidated Statements of Operations (Parenthetical) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Statement [Abstract]
Income tax (benefit) on discontinued operations	($47,000)	($235,000)

Consolidated_Statement_of_Chan

Consolidated Statement of Changes in Stockholders' Equity (USD $)	Total	Common Shares	Paid in Capital	Retained Earnings (Deficit)
Balance at Dec. 31, 2014	$96,113,406	$223,131	$105,605,803	($9,715,528)
Balance, shares at Dec. 31, 2014		11,156,571
Shares issued for vested employee restricted stock units	1,297	1,297	-1,297
Shares issued for vested employees restricted stock units, shares		64,834
Shares issued for option exercises	56,250	150	56,100
Shares issued for option exercises, shares	7,500	7,500
Stock based compensation, net	-168,727		-168,727
Dividends	-1,581,639			-1,581,639
Net income	1,222,016			1,222,016
Balance at Mar. 31, 2015	$95,641,306	$224,578	$105,491,879	($10,075,151)
Balance, shares at Mar. 31, 2015		11,228,905

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$1,222,016	$669,102
Adjustments to reconcile to net cash provided by operating activities:
Deferred tax provision	709,000	370,000
Depreciation	105,958	91,760
Amortization of intangible assets	1,221,190	1,153,077
Stock based compensation charges	446,244	447,969
Changes in assets and liabilities:
Restricted cash and investments	-131	-133
Accounts receivable, net	6,855,043	6,262,413
Prepaid and other assets	-117,523	575
Accrued expenses and other liabilities	-1,593,205	-1,407,703
Liability for option cancellations	0	-12,850
Deferred revenue	-1,568,506	-1,033,156
Net cash provided by operating activities	7,280,086	6,541,054
CASH FLOWS FROM INVESTING ACTIVITIES:
Website and database development costs	-1,082,189	-1,078,270
Furniture, fixtures and equipment additions	-58,452	-103,144
Cash (used in) investing activities	-1,140,641	-1,181,414
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends	-1,581,639	0
Proceeds from option exercises	56,250	0
Payments for option cancellations and restricted stock units	-992,971	-131,778
Cash (used in) financing activities	-2,518,360	-131,778
Net increase in cash and cash equivalents	3,621,085	5,227,862
Cash and cash equivalents, beginning of period	17,745,077	10,559,899
Cash and cash equivalents, end of period	21,366,162	15,787,761
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	6,389	6,389
Cash paid during the period for income taxes	164,700	37,121
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Disposal of fully depreciated furniture, fixtures and equipment	45,286	35,599
Shares issued for vested employee restricted stock units	1,297	2,893
Shares issued for settlement of vested director restricted stock units		$811

Organization_and_Business

Organization and Business	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Organization and Business	1	Organization and Business
	Reis, Inc. is a Maryland corporation. Reis, Inc. and its consolidated subsidiaries (“Reis” or the “Company”) provides commercial real estate market information and analytical tools to real estate professionals, through its Reis Services subsidiary. For disclosure and financial reporting purposes, this business is referred to as the Reis Services segment.
	Reis Services
	Reis Services, including its predecessors, was founded in 1980. Reis maintains a proprietary database containing detailed information on commercial properties in metropolitan markets and neighborhoods throughout the U.S. The database contains information on apartment, office, retail, warehouse/distribution, flex/research & development, self storage and seniors housing properties, and is used by real estate investors, lenders and other professionals to make informed buying, selling and financing decisions. In addition, Reis data is used by debt and equity investors to assess, quantify and manage the risks of default and loss associated with individual mortgages, properties, portfolios and real estate backed securities. Reis currently provides its information services to many of the nation’s leading lending institutions, equity investors, brokers and appraisers.
	The Company’s product portfolio features: Reis SE, its flagship delivery platform aimed at larger and mid-sized enterprises; ReisReports, aimed at prosumers and smaller enterprises; and Mobiuss Portfolio CRE, or Mobiuss, aimed primarily at risk managers and credit administrators at banks and non-bank lending institutions. It is through these products that Reis provides online access to a proprietary database of commercial real estate information and analytical tools designed to facilitate debt and equity transactions as well as ongoing asset and portfolio evaluations. Depending on the product or level of entitlement, users have access to market trends and forecasts at metropolitan and neighborhood levels throughout the U.S. and/or detailed building-specific information such as rents, vacancy rates, lease terms, property sales, new construction listings and property valuation estimates. Reis’s products are designed to meet the demand for timely and accurate information to support the decision making of property owners, developers, builders, banks and non-bank lenders, equity investors and service providers. These real estate professionals require access to timely information on both the performance and pricing of assets, including detailed data on market transactions, supply, absorption, rents and sale prices. This information is critical to all aspects of valuing assets and financing their acquisition, development and construction.
	Discontinued Operations – Residential Development Activities
	Prior to May 2007, the name of the Company was Wellsford Real Properties, Inc. (“Wellsford”). Wellsford, which was originally formed on January 8, 1997, acquired the Reis Services business by merger in May 2007 (the “Merger”). Wellsford’s primary operating activities immediately prior to the Merger, and conducted through its subsidiaries, were the development, construction and sale of three residential projects and its approximate 23% ownership interest in the Reis Services business. The Company completed the sale of the remaining residential units and homes at its projects or divested of the remaining residential projects in bulk sales by April 2011. In 2012, the Company settled construction defect litigation at its Colorado project.
	See Note 3 and Note 11 for additional information regarding the Company’s segments and the aforementioned litigation.

Summary_of_Significant_Account

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2	Summary of Significant Accounting Policies
	Basis of Presentation
	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its majority-owned and controlled subsidiaries. Investments in entities where the Company does not have a controlling interest are accounted for under the equity method of accounting. These investments were initially recorded at cost and were subsequently adjusted for the Company’s proportionate share of the investment’s income (loss) and additional contributions or distributions. All inter-company accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation.
	Quarterly Reporting
	The accompanying consolidated financial statements and notes of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared under Generally Accepted Accounting Principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s balance sheets, statements of operations, statement of changes in stockholders’ equity and statements of cash flows have been included and are of a normal and recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 5, 2015. The consolidated statements of operations and changes in cash flows for the three months ended March 31, 2015 and 2014 are not necessarily indicative of full year results.
	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. The outcome of any litigation is uncertain; it is possible that a judgment in any legal actions to which the Company is a party, or which are proposed or threatened, will have a material adverse effect on the consolidated financial statements. See Note 11.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Information	3	Segment Information
	The Company is organized into separately managed segments as follows: the Reis Services segment, the discontinued operations segment and other. The following tables present condensed balance sheet and operating data for these segments:
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis				Discontinued			Other (B)			Consolidated
	March 31, 2015		Services				Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	21,148			$	—		$	218		$	21,366
	Restricted cash and investments			213				—			—			213
	Accounts receivable, net			5,772				—			—			5,772
	Prepaid and other assets			397				—			3,278			3,675
	Assets attributable to discontinued operations			—				—			4			4
	Total current assets			27,530				—			3,500			31,030
	Furniture, fixtures and equipment, net			790				—			13			803
	Intangible assets, net			14,542				—			—			14,542
	Deferred tax asset, non-current portion, net			285				—			18,651			18,936
	Goodwill			57,203				—			(2,378	)		54,825
	Other assets			118				—			—			118
	Total assets		$	100,468			$	—		$	19,786		$	120,254
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—			$	—		$	—		$	—
	Accrued expenses and other liabilities			2,035				—			542			2,577
	Deferred revenue			21,317				—			—			21,317
	Liabilities attributable to discontinued operations			—				271			73			344
	Total current liabilities			23,352				271			615			24,238
	Other long-term liabilities			375				—			—			375
	Deferred tax liability, net			24,339				—			(24,339	)		—
	Total liabilities			48,066				271			(23,724	)		24,613
	Total stockholders’ equity			52,402				(271	)		43,510			95,641
	Total liabilities and stockholders’ equity		$	100,468			$	—		$	19,786		$	120,254
	Condensed Balance Sheet Data		Reis				Discontinued			Other (B)			Consolidated
	December 31, 2014		Services				Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	17,562			$	—		$	183		$	17,745
	Restricted cash and investments			213				—			—			213
	Accounts receivable, net			12,627				—			—			12,627
	Prepaid and other assets			213				—			3,950			4,163
	Assets attributable to discontinued operations			—				—			4			4
	Total current assets			30,615				—			4,137			34,752
	Furniture, fixtures and equipment, net			836				—			15			851
	Intangible assets, net			14,681				—			—			14,681
	Deferred tax asset, non-current portion, net			285				—			18,354			18,639
	Goodwill			57,203				—			(2,378	)		54,825
	Other assets			140				—			—			140
	Total assets		$	103,760			$	—		$	20,128		$	123,888
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—			$	—		$	—		$	—
	Accrued expenses and other liabilities			3,157				—			1,014			4,171
	Deferred revenue			22,885				—			—			22,885
	Liabilities attributable to discontinued operations			—				271			28			299
	Total current liabilities			26,042				271			1,042			27,355
	Other long-term liabilities			420				—			—			420
	Deferred tax liability, net			23,108				—			(23,108	)		—
	Total liabilities			49,570				271			(22,066	)		27,775
	Total stockholders’ equity			54,190				(271	)		42,194			96,113
	Total liabilities and stockholders’ equity		$	103,760			$	—		$	20,128		$	123,888
		(A)	Includes the assets and liabilities of the Company’s discontinued operations, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
	(amounts in thousands)
					Reis					Discontinued					Other (B)			Consolidated
	Condensed Operating Data for the				Services					Operations (A)
Three Months Ended March 31, 2015
Subscription revenue				$	11,131				$	—				$	—		$	11,131
Cost of sales of subscription revenue					2,186					—					—			2,186
Gross profit					8,945					—					—			8,945
Operating expenses:
Sales and marketing					2,653					—					—			2,653
Product development					863					—					—			863
General and administrative expenses					2,160					—					1,161			3,321
Total operating expenses					5,676					—					1,161			6,837
Other income (expenses):
Interest and other income					7					—					—			7
Interest expense					(28	)				—					—			(28	)
Total other income (expenses)					(21	)				—					—			(21	)
Income (loss) before income taxes and discontinued operations				$	3,248				$	—				$	(1,161	)	$	2,087
(Loss) from discontinued operations, before income taxes				$	—				$	—				$	(118	)	$	(118	)
Condensed Operating Data for the				Reis					Discontinued					Other (B)			Consolidated
Three Months Ended March 31, 2014				Services					Operations (A)
Subscription revenue				$	9,946				$	—				$	—		$	9,946
Cost of sales of subscription revenue					1,916					—					—			1,916
Gross profit					8,030					—					—			8,030
Operating expenses:
Sales and marketing					2,552					—					—			2,552
Product development					763					—					—			763
General and administrative expenses					1,892					—					1,146			3,038
Total operating expenses					5,207					—					1,146			6,353
Other income (expenses):
Interest and other income					3					—					—			3
Interest expense					(28	)				—					—			(28	)
Total other income (expenses)					(25	)				—					—			(25	)
Income (loss) before income taxes and discontinued operations				$	2,798				$	—				$	(1,146	)	$	1,652
(Loss) from discontinued operations, before income taxes				$	—				$	(28	)			$	(585	)	$	(613	)
(A)	Includes the results of the Company’s discontinued operations, to the extent that such operations existed during the periods presented.
(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
Reis Services
See Note 1 for a description of Reis Services’s business and products at March 31, 2015.
The Company’s largest individual subscriber accounted for 2.7% and 3.0% of Reis Services’s revenue for the three months ended March 31, 2015 and 2014, respectively.
The following table presents the accounts receivable balances of Reis Services at March 31, 2015 and December 31, 2014:
		March 31,				December 31,
		2015				2014
Accounts receivable		$	5,851,000			$	12,679,000
Allowance for doubtful accounts			(79,000	)			(52,000	)
Accounts receivable, net		$	5,772,000			$	12,627,000
Twelve subscribers accounted for an aggregate of approximately 38.7% of Reis Services’s accounts receivable at March 31, 2015, with the largest representing 5.8%. Through April 27, 2015, the Company received payments of approximately $3,082,000, or 52.7%, against the March 31, 2015 accounts receivable balance.
At March 31, 2015, the largest individual subscriber accounted for 4.2% of deferred revenue.
Discontinued Operations – Residential Development Activities
(Loss) from discontinued operations is comprised of the following:
		For the Three Months Ended March 31,
		2015				2014
Litigation recoveries		$	—			$	—
Other (expense), net			(118,000	)			(613,000	)
(Loss) from discontinued operations before income tax			(118,000	)			(613,000	)
Income tax (benefit) from discontinued operations			(47,000	)			(235,000	)
(Loss) from discontinued operations, net of income tax (benefit)		$	(71,000	)		$	(378,000	)
In September 2009, the Company sold the final unit at Gold Peak, the final phase of Palomino Park, a five phase multifamily residential development in Highlands Ranch, Colorado. Gold Peak was a 259-unit condominium project on the remaining 29 acre land parcel at Palomino Park. On March 13, 2012, in connection with litigation regarding construction defects at the Gold Peak project, a jury rendered its verdict whereby Reis, one of its subsidiaries (Gold Peak at Palomino Park LLC, the developer of the project (“GP LLC”)), and the construction manager/general contractor for the project (Tri-Star Construction West, LLC (“Tri-Star”)) were found jointly and severally liable for an aggregate of $18,200,000, plus other costs of approximately $756,000. On June 20, 2012, following denial of all of the defendants’ post-trial motions, Reis and its subsidiaries reached a settlement with the plaintiff, the Gold Peak homeowners association, providing for a total payment of $17,000,000. Of this amount, $5,000,000 was paid on August 3, 2012 and the remaining $12,000,000 was paid on October 15, 2012, in accordance with the settlement terms. Recovery efforts through March 31, 2015 have resulted in cash collections aggregating $819,000. No recoveries occurred in the three months ended March 31, 2015 and 2014. Other expenses primarily reflect legal and other professional costs incurred related to the Gold Peak litigation recovery efforts. For additional information pertaining to the Gold Peak litigation, see Note 11.

Restricted_Cash_and_Investment

Restricted Cash and Investments	3 Months Ended
	Mar. 31, 2015
Cash and Cash Equivalents [Abstract]
Restricted Cash and Investments	4	Restricted Cash and Investments
	Restricted cash and investments represents a security deposit for the 530 Fifth Avenue corporate office space. The Company provided the lessor a bank-issued letter of credit, which is fully collateralized by a certificate of deposit issued by that bank. The restricted cash balance was approximately $213,000 at March 31, 2015 and December 31, 2014.

Intangible_Assets

Intangible Assets	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	5	Intangible Assets
	The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:
			March 31,			December 31,
			2015			2014
	Database		$	20,031,000		$	19,435,000
	Accumulated amortization			(15,500,000	)		(15,018,000	)
	Database, net			4,531,000			4,417,000
	Customer relationships			14,100,000			14,100,000
	Accumulated amortization			(7,617,000	)		(7,379,000	)
	Customer relationships, net			6,483,000			6,721,000
	Website			12,422,000			11,936,000
	Accumulated amortization			(9,301,000	)		(8,876,000	)
	Website, net			3,121,000			3,060,000
	Acquired below market lease			2,800,000			2,800,000
	Accumulated amortization			(2,393,000	)		(2,317,000	)
	Acquired below market lease, net			407,000			483,000
	Intangibles, net		$	14,542,000		$	14,681,000
	The Company capitalized approximately $596,000 and $596,000 to the database intangible asset and $486,000 and $482,000 to the website intangible asset during the three months ended March 31, 2015 and 2014, respectively.
	Amortization expense for intangible assets aggregated approximately $1,221,000 for the three months ended March 31, 2015, of which approximately $482,000 related to the database, which is charged to cost of sales, approximately $238,000 related to customer relationships, which is charged to sales and marketing expense, approximately $425,000 related to website development, which is charged to product development expense, and approximately $76,000 related to the value ascribed to the below market terms of the office lease, which is charged to general and administrative expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $1,153,000 for the three months ended March 31, 2014, of which approximately $413,000 related to the database, approximately $241,000 related to customer relationships, approximately $423,000 related to website development and approximately $76,000 related to the value ascribed to the below market terms of the office lease.

Debt

Debt	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt	6	Debt
	The Company had no debt outstanding at March 31, 2015 and December 31, 2014.
	In October 2012, Reis Services, as borrower, and the Company, as guarantor, entered into a loan and security agreement with Capital One, National Association, as lender, for a $10,000,000 revolving credit facility (the “Revolver”). The Revolver has a three year term which is set to expire on October 16, 2015, and any borrowings bear interest at a rate of LIBOR + 2.00% per annum (for LIBOR loans) or the greater of 1.00% or the bank’s prime rate minus 0.50% per annum (for base rate loans) and is subject to an unused facility fee of 0.25% per annum. The Revolver is secured by a security interest in substantially all of the tangible and intangible assets of Reis Services and a pledge by the Company of its membership interests in Reis Services. The Revolver also contains customary affirmative and negative covenants, including minimum financial covenants, as defined in the agreement; all of the covenants were met at March 31, 2015 and December 31, 2014. No borrowings were made on the Revolver during the three months ended March 31, 2015 and during the year ended December 31, 2014.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Taxes	7	Income Taxes
	The components of income tax expense (benefit) are as follows:
			For the Three Months Ended March 31,
			2015			2014
	Current Federal alternative minimum tax (“AMT”) expense		$	38,000		$	—
	Current state and local tax expense			—			—
	Deferred Federal tax expense (benefit) (A)			622,000			366,000
	Deferred state and local tax expense (benefit)			87,000			4,000
	Consolidated income tax expense (benefit), including taxes attributable to discontinued operations (B)			747,000			370,000
	Less income tax expense (benefit) attributable to discontinued operations			(47,000	)		(235,000	)
	Income tax expense (C)		$	794,000		$	605,000
		(A)	Includes an AMT (benefit) of $(38,000) in 2015.
		(B)	Includes income tax (benefit) attributable to (loss) from discontinued operations.
		(C)	Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.
	During March 2014, New York State enacted a law to (1) reduce corporate tax rates, effective in future years and (2) change the method of determining the availability and use of NOLs existing at December 31, 2014. As a consequence, the Company evaluated all elements affecting the balance of its net deferred tax assets, including the availability of New York State and New York City NOL carryforwards and the changes in the New York State law which were reflected in the first quarter of 2014 income tax expense.
	In January 2015, New York City proposed that it would change its tax laws to substantially conform with the New York State changes. The New York City law was enacted on April 13, 2015. The Company will assess and report the impact of the changes in the New York City law in the second quarter of 2015.
	Due to the amount of its NOL and credit carryforwards, the Company does not anticipate paying Federal income taxes for a number of years. The Company expects, in the future, that it will be subject to cash payments for Federal AMT and for a portion of its state and local income taxes as the changed New York State and New York City laws limit the amount of existing NOLs which could be used each year.
	Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes. The net deferred tax asset was approximately $22,106,000 and $22,437,000 at March 31, 2015 and December 31, 2014, respectively, of which $3,170,000 and $3,798,000 is reflected as a net current asset in prepaid and other assets and $18,936,000 and $18,639,000 is reflected separately as a net non-current asset in the accompanying consolidated balance sheets, respectively. The significant portion of the deferred tax items relates to deferred tax assets including NOL carryforwards, Federal AMT credit carryforwards and stock based compensation, with the remainder of the deferred tax items relating to liabilities resulting from the intangible assets recorded at the time of the Merger.
	The Company had Federal NOL carryforwards aggregating approximately $61,165,000 at December 31, 2014, as well as significant state and local NOL carryforwards. These NOLs included NOLs generated subsequent to the Merger (including a substantial NOL realized during the year ended December 31, 2012 as a result of the Gold Peak litigation settlement, discussed in Note 11), losses from the Reis Services business prior to the Merger and the Company’s operating losses prior to the Merger. Approximately $20,317,000 of these Federal NOLs are subject to an annual limitation, whereas the remaining balance of approximately $40,848,000 is not subject to such a limitation. There is an annual limitation on the use of NOLs after an ownership change, pursuant to Section 382 of the Internal Revenue Code. As a result of the Merger, the Company experienced such an ownership change which resulted in a new annual limitation of $2,779,000. Because of the accumulation of annual limitations, it is expected that the use of NOLs will not be limited by expirations. The 2014 New York State law and the 2015 New York City law discussed above limit the amount of existing NOLs which could be used each year in those jurisdictions; however, all such losses are expected to be fully utilized in the future.
	The Company and its subsidiaries have been audited by the Internal Revenue Service (“IRS”) for the 2012 tax year. The audit for 2012 was completed in February 2015 with the IRS issuing a no change letter.

Stockholders_Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Stockholders' Equity	8	Stockholders’ Equity
	During the three months ended March 31, 2015 and the year ended December 31, 2014, the Company did not repurchase any shares of common stock.
	The Company commenced a quarterly dividend program in the second quarter of 2014 when it declared and paid an initial quarterly cash dividend of $0.11 per common share. In the third and fourth quarters of 2014, the Company declared and paid a quarterly cash dividend of $0.11 per common share. Aggregate dividends paid by the Company during 2014 approximated $3,698,000. The Company increased the dividend declared and paid in the first quarter of 2015 to $0.14 per common share which payment aggregated $1,582,000.

Stock_Plans_and_Other_Incentiv

Stock Plans and Other Incentives	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans and Other Incentives	9	Stock Plans and Other Incentives
	The Company has adopted certain incentive plans for the purpose of attracting and retaining the Company’s directors, officers and employees by having the ability to issue options, restricted stock units (“RSUs”), or stock awards. Awards granted under the Company’s incentive plans expire ten years from the date of grant and vest over periods ranging generally from three to five years for employees.
	Option Awards
	The following table presents option activity and other plan data for the three months ended March 31, 2015 and 2014:
			For the Three Months Ended March 31,
			2015						2014
			Options			Weighted-			Options			Weighted-
						Average						Average
						Exercise						Exercise
						Price						Price
	Outstanding at beginning of period			582,500		$	9.52			627,724		$	9.05
	Granted			—		$	—			—		$	—
	Exercised			(7,500	)	$	7.5			—		$	—
	Cancelled through cash settlement			—		$	—			(8,862	)	$	(4.09	)
	Forfeited/cancelled/expired			—		$	—			—		$	—
	Outstanding at end of period			575,000		$	9.55			618,862		$	9.12
	Options exercisable at end of period			555,000		$	9.23			618,862		$	9.12
	Options exercisable which can be settled in cash			—		$	—			8,862		$	4.09
	Certain outstanding options had allowed the option holder to receive from the Company, in cancellation of the holder’s option, a cash payment with respect to each cancelled option equal to the amount, if any, by which the fair market value of the share of stock underlying the option exceeds the exercise price of such option. The Company accounted for these options as liability awards. Changes in the settlement value of option awards treated under the liability method were reflected as an increase to, or a reduction of, expense in the consolidated statements of operations.
	At December 31, 2014, there were no options outstanding for which a liability was required as the remaining liability award options were either exercised or settled with a net cash payment. The Company recorded a compensation benefit of approximately $13,000 for the three months ended March 31, 2014 in general and administrative expenses in the consolidated statements of operations related to the change in the amount of the liability for option cancellations in that period.
	RSU Awards
	The following table presents the changes in RSUs outstanding for the three months ended March 31, 2015 and 2014:
			For the Three Months Ended March 31,
			2015			2014
	Outstanding at beginning of period			277,973			365,686
	Granted			78,722			93,225
	Common stock delivered (A) (B)			(105,970	)		(185,224	)
	Forfeited			(706	)		(7,345	)
	Outstanding at end of period			250,019			266,342
	Intrinsic value (C)		$	6,410,000		$	4,807,000
		(A)	The 2015 period includes 41,136 shares which were used to settle minimum employee withholding tax obligations for 28 employees of approximately $993,000 in 2015. A net of 64,834 shares of common stock were delivered in 2015.
		(B)	In the 2014 period, all of the vested RSUs were issued as shares.
		(C)	For purposes of this calculation, the Company’s closing stock prices were $25.64 and $18.05 per share on March 31, 2015 and 2014, respectively.
	In the first quarter of 2015, an aggregate of 77,405 RSUs were granted to employees, which RSUs vest one-third a year over three years and had an average grant date fair value of $23.51 per RSU. In February 2014, an aggregate of 91,431 RSUs were granted to employees, which RSUs vest one-third a year over three years and had a grant date fair value of $18.13 per RSU. In each case, the grant date fair value was determined based on the closing stock price of the Company’s common stock on the applicable date of grant. The awards granted to employees in 2015 and 2014 are treated as equity awards and the grant date fair value is charged to compensation expense at the corporate level on a straight-line basis over the vesting periods. Dividends are not paid or accrued on unvested employee RSUs.
	During the three months ended March 31, 2015 and 2014, an aggregate of 1,317 RSUs and 1,794 RSUs, respectively, were granted to non-employee directors (with an average grant date fair value of $26.17 and $19.23 per RSU, respectively) related to the equity component of their compensation. In each case, the grant date fair value was determined as of the last trading day of the quarter for which the RSUs were being received as compensation. The RSUs are immediately vested, but are not deliverable to the non-employee directors until six months after termination of their service as a director. Dividends are paid on RSUs granted to non-employee directors.
	Option and RSU Expense Information
	The Company recorded non-cash compensation expense of approximately $446,000 and $448,000, respectively, including $34,500 in each period related to non-employee director equity compensation, for the three months ended March 31, 2015 and 2014, respectively, related to all stock options and RSUs accounted for as equity awards, as a component of general and administrative expenses in the statements of operations.

Earnings_Per_Common_Share

Earnings Per Common Share	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Common Share	10	Earnings Per Common Share
	Basic earnings per common share is computed based upon the weighted average number of common shares outstanding during the period. Diluted earnings per common share is based upon the increased number of common shares that would be outstanding assuming the exercise of dilutive common share options and the consideration of restricted stock awards. The following table details the computation of earnings per common share, basic and diluted:
			For the Three Months Ended March 31,
			2015			2014
	Numerator for basic per share calculation:
	Income from continuing operations for basic calculation		$	1,293,370		$	1,046,980
	(Loss) from discontinued operations, net of income tax (benefit)			(71,354	)		(377,878	)
	Net income for basic calculation		$	1,222,016		$	669,102
	Numerator for diluted per share calculation:
	Income from continuing operations		$	1,293,370		$	1,046,980
	Adjustments to income from continuing operations for the income statement impact of dilutive securities			—			(12,850	)
	Income from continuing operations for dilution calculation			1,293,370			1,034,130
	(Loss) from discontinued operations, net of income tax (benefit)			(71,354	)		(377,878	)
	Net income for dilution calculation		$	1,222,016		$	656,252
	Denominator:
	Weighted average common shares – basic			11,190,683			10,978,716
	Effect of dilutive securities:
	RSUs			155,677			174,938
	Stock options			346,204			309,676
	Weighted average common shares – diluted			11,692,564			11,463,330
	Per common share amounts – basic:
	Income from continuing operations		$	0.12		$	0.1
	(Loss) from discontinued operations			(0.01	)		(0.04	)
	Net income		$	0.11		$	0.06
	Per common share amounts – diluted:
	Income from continuing operations		$	0.11		$	0.09
	(Loss) from discontinued operations			(0.01	)		(0.03	)
	Net income		$	0.1		$	0.06
	Potentially dilutive securities include all stock based awards. For the three months ended March 31, 2015 and 2014, only certain equity awards were antidilutive.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	11	Commitments and Contingencies
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated.
	Reis has purchased insurance with respect to construction defect and completed operations at its past real estate development projects. Reis has, from time to time, been exposed to various claims associated with the development, construction and sale of condominium units, single family homes or lots. Claims related to dissatisfaction by homeowners and homeowners associations with the construction of condominiums, homes and amenities by us and/or our developer partners in any condominium or subdivision development, or other matters, may result in litigation costs, remediation costs, warranty expenses or settlement costs which could be material to the Company’s reportable discontinued operating income (loss), or its consolidated financial position or cash flows. It would not have any effect on the Company’s income from continuing operations.
	Reis, Inc. and two of its subsidiaries (GP LLC and Wellsford Park Highlands Corp. (“WPHC”)) were the subject of a suit brought by the homeowners association at the Company’s former 259-unit Gold Peak condominium project outside of Denver, Colorado. This suit was filed in District Court in Douglas County, Colorado on October 19, 2010, seeking monetary damages (not quantified at the time) relating to design and construction defects at the Gold Peak project. Tri-Star, the construction manager/general contractor for the project (not affiliated with Reis) and two former senior officers of Reis, Inc. (Jeffrey H. Lynford, who was also previously a director of the Company, and David M. Strong) were also named as defendants in the suit. In October 2011, experts for the plaintiff delivered a report alleging a cost to repair of approximately $19,000,000. Trial commenced on February 21, 2012 and a jury rendered its verdict on March 13, 2012 finding Reis, GP LLC and Tri-Star jointly and severally liable for an aggregate of $18,200,000, plus other costs of approximately $756,000.
	On June 20, 2012, following denial of all of the defendants’ post-trial motions, Reis, GP LLC and WPHC reached a settlement with the plaintiff, the Gold Peak homeowners association, providing for a total payment of $17,000,000. Of this amount, $5,000,000 was paid on August 3, 2012 and the remaining $12,000,000 was paid on October 15, 2012, in accordance with the settlement terms. In reaching the decision to settle, Reis’s management and Board considered, among other factors: (1) the amount of the settlement versus the potential for an ultimately greater judgment after appeal, including additional costs and post-judgment interest; (2) the benefits of the clarity of settling the case at this time versus continuing uncertainty; and (3) the strong cash flow generation of Reis Services’s core business.
	In connection with the development of Gold Peak, the Company purchased a commercial general liability “WRAP” insurance policy from a predecessor of ACE Westchester (“ACE”) covering the Company (including its subsidiaries) and its former officers, Tri-Star and Tri-Star’s subcontractors. The Company took the position that a total of $9,000,000 (and possibly $12,000,000) of coverage was available for this claim. ACE took the position that only $3,000,000 of coverage (including defense costs) was provided. The Company filed suit against ACE in District Court in Douglas County, Colorado on January 18, 2012, alleging failure to cover this claim, bad faith and other related causes of action. In particular, the Gold Peak litigation could have been settled for $12,000,000 or less prior to the trial. On November 20, 2014, the Colorado District Court determined that the WRAP policy provided $3,000,000 of coverage (including defense costs). The Company is currently evaluating its appeal rights regarding such ruling. The Company continues to take the position that ACE is liable for all damages stemming from its failure to engage and settle.
	Additionally, the Company made claims against other additional insurance companies under policies maintained by the Company, including Reis’s directors’ and officers’ insurance policy, and against Reis’s former insurance broker. On November 20, 2014, the Colorado District Court determined that the directors’ and officers’ insurance policy had no obligation to the Company for the asserted claims. A motion for summary judgment by the insurance broker was denied at that time by the Colorado District Court. Trial in this comprehensive insurance action, including ACE and the insurance broker, is scheduled for July 2015.
	The Company has also brought separate claims against Tri-Star, the subcontractors, the architect and a third party inspector engaged at Gold Peak, relating to those parties’ actions on the project. A trial for these actions is scheduled for October 2015.
	Reis continues to consider its options with respect to contribution or other actions against other third parties and/or co-defendants in the lawsuit, and will pursue all reasonable efforts to mitigate the effects of the 2012 settlement. Recovery efforts through March 31, 2015 resulted in cash collections aggregating $819,000. No recoveries occurred in the three months ended March 31, 2015 and 2014. There is no assurance that the Company will be successful in any of its recovery efforts.
	The Company is not a party to any other litigation that could reasonably be foreseen to be material to the Company.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	12	Fair Value of Financial Instruments
	At March 31, 2015 and December 31, 2014, the Company’s financial instruments included receivables, payables, accrued expenses, other liabilities and debt. The fair values of these financial instruments, excluding debt, were not materially different from their recorded values at March 31, 2015 and December 31, 2014. The Company had no debt outstanding at March 31, 2015 and December 31, 2014. See Note 6 for additional information about the Company’s debt.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation
	The accompanying consolidated financial statements include the accounts of the Company and its majority-owned and controlled subsidiaries. Investments in entities where the Company does not have a controlling interest are accounted for under the equity method of accounting. These investments were initially recorded at cost and were subsequently adjusted for the Company’s proportionate share of the investment’s income (loss) and additional contributions or distributions. All inter-company accounts and transactions among the Company and its subsidiaries have been eliminated in consolidation.
Quarterly Reporting	Quarterly Reporting
	The accompanying consolidated financial statements and notes of the Company have been prepared in accordance with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X promulgated by the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in financial statements prepared under Generally Accepted Accounting Principles in the United States (“GAAP”) have been condensed or omitted pursuant to such rules. In the opinion of management, all adjustments considered necessary for a fair presentation of the Company’s balance sheets, statements of operations, statement of changes in stockholders’ equity and statements of cash flows have been included and are of a normal and recurring nature. These consolidated financial statements should be read in conjunction with the consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, as filed with the SEC on March 5, 2015. The consolidated statements of operations and changes in cash flows for the three months ended March 31, 2015 and 2014 are not necessarily indicative of full year results.
Estimates	Estimates
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	From time to time, the Company has been, is or may in the future be a defendant in various legal actions arising in the normal course of business. The Company records a provision for a liability when it is both probable that a liability has been incurred and the amount of loss can be reasonably estimated. The outcome of any litigation is uncertain; it is possible that a judgment in any legal actions to which the Company is a party, or which are proposed or threatened, will have a material adverse effect on the consolidated financial statements. See Note 11.

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Condensed Balance Sheet and Operating Data for Segments	The following tables present condensed balance sheet and operating data for these segments:
	(amounts in thousands)
	Condensed Balance Sheet Data		Reis				Discontinued			Other (B)			Consolidated
	March 31, 2015		Services				Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	21,148			$	—		$	218		$	21,366
	Restricted cash and investments			213				—			—			213
	Accounts receivable, net			5,772				—			—			5,772
	Prepaid and other assets			397				—			3,278			3,675
	Assets attributable to discontinued operations			—				—			4			4
	Total current assets			27,530				—			3,500			31,030
	Furniture, fixtures and equipment, net			790				—			13			803
	Intangible assets, net			14,542				—			—			14,542
	Deferred tax asset, non-current portion, net			285				—			18,651			18,936
	Goodwill			57,203				—			(2,378	)		54,825
	Other assets			118				—			—			118
	Total assets		$	100,468			$	—		$	19,786		$	120,254
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—			$	—		$	—		$	—
	Accrued expenses and other liabilities			2,035				—			542			2,577
	Deferred revenue			21,317				—			—			21,317
	Liabilities attributable to discontinued operations			—				271			73			344
	Total current liabilities			23,352				271			615			24,238
	Other long-term liabilities			375				—			—			375
	Deferred tax liability, net			24,339				—			(24,339	)		—
	Total liabilities			48,066				271			(23,724	)		24,613
	Total stockholders’ equity			52,402				(271	)		43,510			95,641
	Total liabilities and stockholders’ equity		$	100,468			$	—		$	19,786		$	120,254
	Condensed Balance Sheet Data		Reis				Discontinued			Other (B)			Consolidated
	December 31, 2014		Services				Operations (A)
	Assets
	Current assets:
	Cash and cash equivalents		$	17,562			$	—		$	183		$	17,745
	Restricted cash and investments			213				—			—			213
	Accounts receivable, net			12,627				—			—			12,627
	Prepaid and other assets			213				—			3,950			4,163
	Assets attributable to discontinued operations			—				—			4			4
	Total current assets			30,615				—			4,137			34,752
	Furniture, fixtures and equipment, net			836				—			15			851
	Intangible assets, net			14,681				—			—			14,681
	Deferred tax asset, non-current portion, net			285				—			18,354			18,639
	Goodwill			57,203				—			(2,378	)		54,825
	Other assets			140				—			—			140
	Total assets		$	103,760			$	—		$	20,128		$	123,888
	Liabilities and stockholders’ equity
	Current liabilities:
	Current portion of debt		$	—			$	—		$	—		$	—
	Accrued expenses and other liabilities			3,157				—			1,014			4,171
	Deferred revenue			22,885				—			—			22,885
	Liabilities attributable to discontinued operations			—				271			28			299
	Total current liabilities			26,042				271			1,042			27,355
	Other long-term liabilities			420				—			—			420
	Deferred tax liability, net			23,108				—			(23,108	)		—
	Total liabilities			49,570				271			(22,066	)		27,775
	Total stockholders’ equity			54,190				(271	)		42,194			96,113
	Total liabilities and stockholders’ equity		$	103,760			$	—		$	20,128		$	123,888
		(A)	Includes the assets and liabilities of the Company’s discontinued operations, to the extent that such assets and liabilities existed at the date presented.
		(B)	Includes cash, other assets and liabilities not specifically attributable to or allocable to a specific operating segment.
	(amounts in thousands)
					Reis					Discontinued					Other (B)			Consolidated
	Condensed Operating Data for the				Services					Operations (A)
	Three Months Ended March 31, 2015
Subscription revenue				$	11,131				$	—				$	—		$	11,131
Cost of sales of subscription revenue					2,186					—					—			2,186
Gross profit					8,945					—					—			8,945
Operating expenses:
Sales and marketing					2,653					—					—			2,653
Product development					863					—					—			863
General and administrative expenses					2,160					—					1,161			3,321
Total operating expenses					5,676					—					1,161			6,837
Other income (expenses):
Interest and other income					7					—					—			7
Interest expense					(28	)				—					—			(28	)
Total other income (expenses)					(21	)				—					—			(21	)
Income (loss) before income taxes and discontinued operations				$	3,248				$	—				$	(1,161	)	$	2,087
(Loss) from discontinued operations, before income taxes				$	—				$	—				$	(118	)	$	(118	)
Condensed Operating Data for the				Reis					Discontinued					Other (B)			Consolidated
Three Months Ended March 31, 2014				Services					Operations (A)
Subscription revenue				$	9,946				$	—				$	—		$	9,946
Cost of sales of subscription revenue					1,916					—					—			1,916
Gross profit					8,030					—					—			8,030
Operating expenses:
Sales and marketing					2,552					—					—			2,552
Product development					763					—					—			763
General and administrative expenses					1,892					—					1,146			3,038
Total operating expenses					5,207					—					1,146			6,353
Other income (expenses):
Interest and other income					3					—					—			3
Interest expense					(28	)				—					—			(28	)
Total other income (expenses)					(25	)				—					—			(25	)
Income (loss) before income taxes and discontinued operations				$	2,798				$	—				$	(1,146	)	$	1,652
(Loss) from discontinued operations, before income taxes				$	—				$	(28	)			$	(585	)	$	(613	)
(A)	Includes the results of the Company’s discontinued operations, to the extent that such operations existed during the periods presented.
(B)	Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the operating segments.
Accounts Receivable Balances of Reis Services	The following table presents the accounts receivable balances of Reis Services at March 31, 2015 and December 31, 2014:
			March 31,				December 31,
			2015				2014
	Accounts receivable		$	5,851,000			$	12,679,000
	Allowance for doubtful accounts			(79,000	)			(52,000	)
	Accounts receivable, net		$	5,772,000			$	12,627,000
(Loss) from Discontinued Operations	(Loss) from discontinued operations is comprised of the following:
			For the Three Months Ended March 31,
			2015				2014
	Litigation recoveries		$	—			$	—
	Other (expense), net			(118,000	)			(613,000	)
	(Loss) from discontinued operations before income tax			(118,000	)			(613,000	)
	Income tax (benefit) from discontinued operations			(47,000	)			(235,000	)
	(Loss) from discontinued operations, net of income tax (benefit)		$	(71,000	)		$	(378,000	)

Intangible_Assets_Tables

Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Identified Intangible Assets	The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows:
		March 31,			December 31,
		2015			2014
	Database	$	20,031,000		$	19,435,000
	Accumulated amortization		(15,500,000	)		(15,018,000	)
	Database, net		4,531,000			4,417,000
	Customer relationships		14,100,000			14,100,000
	Accumulated amortization		(7,617,000	)		(7,379,000	)
	Customer relationships, net		6,483,000			6,721,000
	Website		12,422,000			11,936,000
	Accumulated amortization		(9,301,000	)		(8,876,000	)
	Website, net		3,121,000			3,060,000
	Acquired below market lease		2,800,000			2,800,000
	Accumulated amortization		(2,393,000	)		(2,317,000	)
	Acquired below market lease, net		407,000			483,000
	Intangibles, net	$	14,542,000		$	14,681,000

Income_Taxes_Tables

Income Taxes (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Components of Income Tax Expense (Benefit)	The components of income tax expense (benefit) are as follows:
			For the Three Months Ended March 31,
			2015			2014
	Current Federal alternative minimum tax (“AMT”) expense		$	38,000		$	—
	Current state and local tax expense			—			—
	Deferred Federal tax expense (benefit) (A)			622,000			366,000
	Deferred state and local tax expense (benefit)			87,000			4,000
	Consolidated income tax expense (benefit), including taxes attributable to discontinued operations (B)			747,000			370,000
	Less income tax expense (benefit) attributable to discontinued operations			(47,000	)		(235,000	)
	Income tax expense (C)		$	794,000		$	605,000
		(A)	Includes an AMT (benefit) of $(38,000) in 2015.
		(B)	Includes income tax (benefit) attributable to (loss) from discontinued operations.
		(C)	Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.

Stock_Plans_and_Other_Incentiv1

Stock Plans and Other Incentives (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Option Activity and Other Plan Data	The following table presents option activity and other plan data for the three months ended March 31, 2015 and 2014:
			For the Three Months Ended March 31,
			2015						2014
			Options			Weighted-			Options			Weighted-
						Average						Average
						Exercise						Exercise
						Price						Price
	Outstanding at beginning of period			582,500		$	9.52			627,724		$	9.05
	Granted			—		$	—			—		$	—
	Exercised			(7,500	)	$	7.5			—		$	—
	Cancelled through cash settlement			—		$	—			(8,862	)	$	(4.09	)
	Forfeited/cancelled/expired			—		$	—			—		$	—
	Outstanding at end of period			575,000		$	9.55			618,862		$	9.12
	Options exercisable at end of period			555,000		$	9.23			618,862		$	9.12
	Options exercisable which can be settled in cash			—		$	—			8,862		$	4.09
Changes in RSUs	The following table presents the changes in RSUs outstanding for the three months ended March 31, 2015 and 2014:
			For the Three Months Ended March 31,
			2015			2014
	Outstanding at beginning of period			277,973			365,686
	Granted			78,722			93,225
	Common stock delivered (A) (B)			(105,970	)		(185,224	)
	Forfeited			(706	)		(7,345	)
	Outstanding at end of period			250,019			266,342
	Intrinsic value (C)		$	6,410,000		$	4,807,000
		(A)	The 2015 period includes 41,136 shares which were used to settle minimum employee withholding tax obligations for 28 employees of approximately $993,000 in 2015. A net of 64,834 shares of common stock were delivered in 2015.
		(B)	In the 2014 period, all of the vested RSUs were issued as shares.
		(C)	For purposes of this calculation, the Company’s closing stock prices were $25.64 and $18.05 per share on March 31, 2015 and 2014, respectively.

Earnings_Per_Common_Share_Tabl

Earnings Per Common Share (Tables)	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Details of Computation of Earnings per Common Share, Basic and Diluted	The following table details the computation of earnings per common share, basic and diluted:
		For the Three Months Ended March 31,
		2015			2014
	Numerator for basic per share calculation:
	Income from continuing operations for basic calculation	$	1,293,370		$	1,046,980
	(Loss) from discontinued operations, net of income tax (benefit)		(71,354	)		(377,878	)
	Net income for basic calculation	$	1,222,016		$	669,102
	Numerator for diluted per share calculation:
	Income from continuing operations	$	1,293,370		$	1,046,980
	Adjustments to income from continuing operations for the income statement impact of dilutive securities		—			(12,850	)
	Income from continuing operations for dilution calculation		1,293,370			1,034,130
	(Loss) from discontinued operations, net of income tax (benefit)		(71,354	)		(377,878	)
	Net income for dilution calculation	$	1,222,016		$	656,252
	Denominator:
	Weighted average common shares – basic		11,190,683			10,978,716
	Effect of dilutive securities:
	RSUs		155,677			174,938
	Stock options		346,204			309,676
	Weighted average common shares – diluted		11,692,564			11,463,330
	Per common share amounts – basic:
	Income from continuing operations	$	0.12		$	0.1
	(Loss) from discontinued operations		(0.01	)		(0.04	)
	Net income	$	0.11		$	0.06
	Per common share amounts – diluted:
	Income from continuing operations	$	0.11		$	0.09
	(Loss) from discontinued operations		(0.01	)		(0.03	)
	Net income	$	0.1		$	0.06

Organization_and_Business_Addi

Organization and Business - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2015
	Project
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of residential projects before merger	3
Percentage of ownership interest before merger	23.00%

Segment_Information_Condensed_

Segment Information - Condensed Balance Sheet Data for Segment (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014	Mar. 31, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$21,366,162	$17,745,077	$15,787,761	$10,559,899
Restricted cash and investments	212,756	212,625
Accounts receivable, net	5,772,020	12,627,063
Prepaid and other assets	3,675,274	4,164,320
Assets attributable to discontinued operations	3,500	3,500
Total current assets	31,029,712	34,752,585
Furniture, fixtures and equipment, net	803,360	850,866
Intangible assets, net	14,542,409	14,681,410
Deferred tax asset, non-current portion, net	18,935,737	18,638,737
Goodwill	54,824,648	54,824,648
Other assets	118,366	139,797
Total assets	120,254,232	123,888,043
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	2,577,188	4,170,687
Deferred revenue	21,316,781	22,885,287
Liabilities attributable to discontinued operations	344,038	299,025
Total current liabilities	24,238,007	27,354,999
Other long-term liabilities	374,919	419,638
Deferred tax liability, net	0	0
Total liabilities	24,612,926	27,774,637
Total stockholders' equity	95,641,306	96,113,406
Total liabilities and stockholders' equity	120,254,232	123,888,043
Reis Services [Member]
Current assets:
Cash and cash equivalents	21,148,000	17,562,000
Restricted cash and investments	213,000	213,000
Accounts receivable, net	5,772,000	12,627,000
Prepaid and other assets	397,000	213,000
Assets attributable to discontinued operations	0	0
Total current assets	27,530,000	30,615,000
Furniture, fixtures and equipment, net	790,000	836,000
Intangible assets, net	14,542,000	14,681,000
Deferred tax asset, non-current portion, net	285,000	285,000
Goodwill	57,203,000	57,203,000
Other assets	118,000	140,000
Total assets	100,468,000	103,760,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	2,035,000	3,157,000
Deferred revenue	21,317,000	22,885,000
Liabilities attributable to discontinued operations	0	0
Total current liabilities	23,352,000	26,042,000
Other long-term liabilities	375,000	420,000
Deferred tax liability, net	24,339,000	23,108,000
Total liabilities	48,066,000	49,570,000
Total stockholders' equity	52,402,000	54,190,000
Total liabilities and stockholders' equity	100,468,000	103,760,000
Other [Member]
Current assets:
Cash and cash equivalents	218,000	183,000
Restricted cash and investments	0	0
Accounts receivable, net	0	0
Prepaid and other assets	3,278,000	3,950,000
Assets attributable to discontinued operations	4,000	4,000
Total current assets	3,500,000	4,137,000
Furniture, fixtures and equipment, net	13,000	15,000
Intangible assets, net	0	0
Deferred tax asset, non-current portion, net	18,651,000	18,354,000
Goodwill	-2,378,000	-2,378,000
Other assets	0	0
Total assets	19,786,000	20,128,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	542,000	1,014,000
Deferred revenue	0	0
Liabilities attributable to discontinued operations	73,000	28,000
Total current liabilities	615,000	1,042,000
Other long-term liabilities	0	0
Deferred tax liability, net	-24,339,000	-23,108,000
Total liabilities	-23,724,000	-22,066,000
Total stockholders' equity	43,510,000	42,194,000
Total liabilities and stockholders' equity	19,786,000	20,128,000
Discontinued Operations [Member]
Current assets:
Cash and cash equivalents	0	0
Restricted cash and investments	0	0
Accounts receivable, net	0	0
Prepaid and other assets	0	0
Assets attributable to discontinued operations	0	0
Total current assets	0	0
Furniture, fixtures and equipment, net	0	0
Intangible assets, net	0	0
Deferred tax asset, non-current portion, net	0	0
Goodwill	0	0
Other assets	0	0
Total assets	0	0
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	0	0
Deferred revenue	0	0
Liabilities attributable to discontinued operations	271,000	271,000
Total current liabilities	271,000	271,000
Other long-term liabilities	0	0
Deferred tax liability, net	0	0
Total liabilities	271,000	271,000
Total stockholders' equity	-271,000	-271,000
Total liabilities and stockholders' equity	$0	$0

Segment_Information_Condensed_1

Segment Information - Condensed Operating Data for Segments (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Segment Reporting Information [Line Items]
Subscription revenue	$11,130,778	$9,946,045
Cost of sales of subscription revenue	2,185,440	1,916,345
Gross profit	8,945,338	8,029,700
Operating expenses:
Sales and marketing	2,653,014	2,552,020
Product development	862,754	763,103
General and administrative expenses	3,321,076	3,037,442
Total operating expenses	6,836,844	6,352,565
Other income (expenses):
Interest and other income	7,089	3,058
Interest expense	-28,213	-28,213
Total other income (expenses)	-21,124	-25,155
Income (loss) before income taxes and discontinued operations	2,087,370	1,651,980
(Loss) from discontinued operations, before income taxes	-118,000	-613,000
Reis Services [Member]
Segment Reporting Information [Line Items]
Subscription revenue	11,131,000	9,946,000
Cost of sales of subscription revenue	2,186,000	1,916,000
Gross profit	8,945,000	8,030,000
Operating expenses:
Sales and marketing	2,653,000	2,552,000
Product development	863,000	763,000
General and administrative expenses	2,160,000	1,892,000
Total operating expenses	5,676,000	5,207,000
Other income (expenses):
Interest and other income	7,000	3,000
Interest expense	-28,000	-28,000
Total other income (expenses)	-21,000	-25,000
Income (loss) before income taxes and discontinued operations	3,248,000	2,798,000
(Loss) from discontinued operations, before income taxes	0	0
Other [Member]
Segment Reporting Information [Line Items]
Subscription revenue	0	0
Cost of sales of subscription revenue	0	0
Gross profit	0	0
Operating expenses:
Sales and marketing	0	0
Product development	0	0
General and administrative expenses	1,161,000	1,146,000
Total operating expenses	1,161,000	1,146,000
Other income (expenses):
Interest and other income	0	0
Interest expense	0	0
Total other income (expenses)	0	0
Income (loss) before income taxes and discontinued operations	-1,161,000	-1,146,000
(Loss) from discontinued operations, before income taxes	-118,000	-585,000
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Subscription revenue	0	0
Cost of sales of subscription revenue	0	0
Gross profit	0	0
Operating expenses:
Sales and marketing	0	0
Product development	0	0
General and administrative expenses	0	0
Total operating expenses	0	0
Other income (expenses):
Interest and other income	0	0
Interest expense	0	0
Total other income (expenses)	0	0
Income (loss) before income taxes and discontinued operations	0	0
(Loss) from discontinued operations, before income taxes	$0	($28,000)

Segment_Information_Additional

Segment Information - Additional Information (Detail) (USD $)	0 Months Ended	3 Months Ended		39 Months Ended	1 Months Ended	0 Months Ended
	Mar. 13, 2012	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Apr. 27, 2015	Jun. 20, 2012	Aug. 03, 2012	Oct. 15, 2012	Sep. 30, 2009
									acre
									Segment
Segment Reporting Information [Line Items]
Litigation charge regarding construction defects	$18,200,000
Other charges regarding construction defects	756,000
Litigation recoveries		0	0	819,000
Subsequent Event [Member]
Segment Reporting Information [Line Items]
Payments received against accounts receivable					3,082,000
Percentage collected from trade accounts receivable					52.70%
Gold Peak [Member]
Segment Reporting Information [Line Items]
Number of units									259
Number of acres prior to sale									29
Litigation charge regarding construction defects	18,200,000
Other charges regarding construction defects	756,000
Settlement with the plaintiff						17,000,000
Gold Peak [Member] | First Installment [Member]
Segment Reporting Information [Line Items]
Installment amount due							5,000,000
Installment due date		3-Aug-12
Gold Peak [Member] | Second Installment [Member]
Segment Reporting Information [Line Items]
Installment amount due								$12,000,000
Installment due date		15-Oct-12
Reis Services [Member]
Segment Reporting Information [Line Items]
Percentage of Reis Service's revenue by major subscriber		2.70%	3.00%
Aggregate percentage of subscribers contributing largest share among accounts receivable		38.70%		38.70%
Number of subscribers contributing largest share among accounts receivable		12		12
Percentage of Reis Service's accounts receivable by major subscriber		5.80%		5.80%
Percentage of deferred revenue by major subscriber		4.20%		4.20%

Segment_Information_Accounts_R

Segment Information - Accounts Receivable Balances of Reis Services (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Accounts receivable, net	$5,772,020	$12,627,063
Reis Services [Member]
Segment Reporting Information [Line Items]
Accounts receivable	5,851,000	12,679,000
Allowance for doubtful accounts	-79,000	-52,000
Accounts receivable, net	$5,772,000	$12,627,000

Segment_Information_Loss_from_

Segment Information - (Loss) from Discontinued Operations (Detail) (USD $)	3 Months Ended		39 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015
Segment Reporting [Abstract]
Litigation recoveries	$0	$0	$819,000
Other (expense), net	-118,000	-613,000
(Loss) from discontinued operations before income tax	-118,000	-613,000
Income tax (benefit) from discontinued operations	-47,000	-235,000
(Loss) from discontinued operations, net of income tax (benefit)	($71,354)	($377,878)

Restricted_Cash_and_Investment1

Restricted Cash and Investments - Additional Information (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Restricted Cash and Investments [Abstract]
Restricted cash	$212,756	$212,625

Intangible_Assets_Summary_of_I

Intangible Assets - Summary of Identified Intangible Assets (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	($34,810,936)	($33,589,746)
Total	14,542,409	14,681,410
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	20,031,000	19,435,000
Accumulated amortization	-15,500,000	-15,018,000
Total	4,531,000	4,417,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	14,100,000	14,100,000
Accumulated amortization	-7,617,000	-7,379,000
Total	6,483,000	6,721,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	12,422,000	11,936,000
Accumulated amortization	-9,301,000	-8,876,000
Total	3,121,000	3,060,000
Acquired Below Market Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	2,800,000	2,800,000
Accumulated amortization	-2,393,000	-2,317,000
Total	$407,000	$483,000

Intangible_Assets_Additional_I

Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$1,221,190	$1,153,077
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	596,000	596,000
Amortization expense for intangible assets	482,000	413,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	238,000	241,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	486,000	482,000
Amortization expense for intangible assets	425,000	423,000
Acquired Below Market Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$76,000	$76,000

Debt_Additional_Information_De

Debt - Additional Information (Detail) (USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Oct. 31, 2012
Debt Instrument [Line Items]
Debt outstanding	$0	$0
Revolver [Member]
Debt Instrument [Line Items]
Amount of revolving credit facility			10,000,000
Expiry period of revolver	3 years
Revolving credit facility, interest rate description	LIBOR + 2.00% per annum (for LIBOR loans) or the greater of 1.00% or the bank's prime rate minus 0.50% per annum (for base rate loans)
Date of expiry	16-Oct-15
Unused credit facility fee	0.25%
Borrowings under revolver	$0	$0
Revolver [Member] | LIBOR Loans [Member]
Debt Instrument [Line Items]
Revolving credit facility, interest rate description	LIBOR + 2.00% per annum (for LIBOR loans)
Spread on variable rate	2.00%
Revolver [Member] | Base Rate Loans [Member]
Debt Instrument [Line Items]
Revolving credit facility, interest rate description	The greater of 1.00% or the bank's prime rate minus 0.50% per annum (for base rate loans)
Base rate	1.00%
Spread on variable rate	-0.50%

Income_Taxes_Components_of_Inc

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Abstract]
Current Federal alternative minimum tax ("AMT") expense	$38,000	$0
Current state and local tax expense	0	0
Deferred Federal tax expense (benefit)	622,000	366,000
Deferred state and local tax expense (benefit)	87,000	4,000
Consolidated income tax expense (benefit), including taxes attributable to discontinued operations	747,000	370,000
Income tax expense (benefit) attributable to discontinued operations	-47,000	-235,000
Income tax expense	794,000	605,000
Consolidated income tax expense (benefit), including taxes attributable to discontinued operations	$747,000	$370,000

Income_Taxes_Components_of_Inc1

Income Taxes - Components of Income Tax Expense (Benefit) (Parenthetical) (Detail) (USD $)	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Deferred Federal AMT expense (benefit)	($38,000)

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Income Tax Disclosure [Abstract]
Net deferred tax asset	$22,106	$22,437
Net current deferred tax asset in prepaid and other assets	3,170	3,798
Net non-current deferred tax asset	18,936	18,639
Aggregate Federal NOL carryforwards		61,165
Federal NOLs subject to an annual limitation		20,317
Federal NOLs not subject to an annual limitation		40,848
NOLs annual limitation as a result of merger		$2,779

Stockholders_Equity_Additional

Stockholders' Equity - Additional Information (Detail) (USD $)	3 Months Ended				12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2014
Equity [Abstract]
Repurchase of common stock	0				0
Dividends declared, per share	$0.14	$0.11	$0.11	$0.11
Dividends paid, per share	$0.14	$0.11	$0.11	$0.11
Dividends paid, amount	$1,581,639				$3,698,000

Stock_Plans_and_Other_Incentiv2

Stock Plans and Other Incentives - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014	Feb. 28, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiration period of the awards granted under the company's incentive plans	10 years
Outstanding in-the-money options	0	8,862	0
Compensation benefit		$13,000
Non-cash compensation expense	446,244	447,969
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	78,722	93,225
Vesting rights	RSUs vest one-third a year over three years
RSU [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	1,317	1,794
Weighted average grant date fair value	$26.17	$19.23
Number of months after the termination of service, RSUs delivered to non-employee directors	6 months
RSU [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	77,405			91,431
Weighted average grant date fair value	$23.51			$18.13
Non-Employee Directors Compensation Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-cash compensation expense	$34,500	$34,500
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for incentive plans	3 years
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period for incentive plans	5 years

Stock_Plans_and_Other_Incentiv3

Stock Plans and Other Incentives - Option Activity and Other Plan Data (Detail) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding at beginning of period, Options	582,500	627,724	627,724
Granted, Options	0	0
Exercised, Options	-7,500	0
Cancelled through cash settlement, Options	0	-8,862
Forfeited/cancelled/expired, Options	0	0
Outstanding at end of period, Options	575,000	618,862	582,500
Options exercisable at end of period, Options	555,000	618,862
Options exercisable which can be settled in cash, Options	0	8,862	0
Outstanding at beginning of period, Weighted-Average Exercise Price	$9.52	$9.05	$9.05
Granted, Weighted-Average Exercise Price	$0	$0
Exercised, Weighted-Average Exercise Price	$7.50	$0
Cancelled through cash settlement, Weighted-Average Exercise Price	$0	($4.09)
Forfeited/cancelled/expired, Weighted-Average Exercise Price	$0	$0
Outstanding at end of period, Weighted-Average Exercise Price	$9.55	$9.12	$9.52
Options exercisable at end of period, Weighted-Average Exercise Price	$9.23	$9.12
Options exercisable which can be settled in cash, Weighted-Average Exercise Price	$0	$4.09

Stock_Plans_and_Other_Incentiv4

Stock Plans and Other Incentives - Changes in RSUs (Detail) (RSU [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period	277,973	365,686
Granted	78,722	93,225
Common stock delivered	-105,970	-185,224
Forfeited	-706	-7,345
Outstanding at end of period	250,019	266,342
Intrinsic value	$6,410,000	$4,807,000

Stock_Plans_and_Other_Incentiv5

Stock Plans and Other Incentives - Changes in RSUs (Parenthetical) (Detail) (RSU [Member], USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
	Employee
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of common stock used to settle minimum employee withholding tax obligations	41,136
Number of employees withholding tax obligations	28
Employee withholding tax obligations approximate amount	$993,000
Common stock delivered, net	64,834
Closing stock price	$25.64	$18.05

Earnings_Per_Common_Share_Deta

Earnings Per Common Share - Details of Computation of Earnings per Common Share, Basic and Diluted (Detail) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Numerator for basic per share calculation:
Income from continuing operations for basic calculation	$1,293,370	$1,046,980
(Loss) from discontinued operations, net of income tax (benefit)	-71,354	-377,878
Net income for basic calculation	1,222,016	669,102
Numerator for diluted per share calculation:
Income from continuing operations	1,293,370	1,046,980
Adjustments to income from continuing operations for the income statement impact of dilutive securities	0	-12,850
Income from continuing operations for dilution calculation	1,293,370	1,034,130
(Loss) from discontinued operations, net of income tax (benefit)	-71,354	-377,878
Net income for dilution calculation	$1,222,016	$656,252
Denominator:
Weighted average common shares - basic	11,190,683	10,978,716
Effect of dilutive securities:
RSUs	155,677	174,938
Stock options	346,204	309,676
Weighted average common shares - diluted	11,692,564	11,463,330
Per common share amounts - basic:
Income from continuing operations	$0.12	$0.10
(Loss) from discontinued operations	($0.01)	($0.04)
Net income	$0.11	$0.06
Per common share amounts - diluted:
Income from continuing operations	$0.11	$0.09
(Loss) from discontinued operations	($0.01)	($0.03)
Net income	$0.10	$0.06

Commitments_and_Contingencies_

Commitments and Contingencies - Additional Information (Detail) (USD $)	0 Months Ended		1 Months Ended	3 Months Ended		39 Months Ended	0 Months Ended
	Nov. 20, 2014	Mar. 13, 2012	Oct. 31, 2011	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Jun. 20, 2012	Aug. 03, 2012	Oct. 15, 2012	Sep. 30, 2009
										Segment
Loss Contingencies [Line Items]
Construction defect suit filed against the company			$19,000,000
Amount of liability through verdict by jury		18,200,000
Other costs associated with judgment		756,000
Amount of cover available for claim through insurance policy as per ACE				3,000,000
Lawsuit could have been settled				12,000,000
Amount of coverage determined by court	3,000,000
Litigation recoveries				0	0	819,000
Minimum [Member]
Loss Contingencies [Line Items]
Amount of cover available for claim through insurance policy				9,000,000
Maximum [Member]
Loss Contingencies [Line Items]
Amount of cover available for claim through insurance policy				12,000,000
Gold Peak [Member]
Loss Contingencies [Line Items]
Former Gold Peak condominium project unit										259
Amount of liability through verdict by jury		18,200,000
Other costs associated with judgment		756,000
Settlement with the plaintiff							17,000,000
Gold Peak [Member] | First Installment [Member]
Loss Contingencies [Line Items]
Installment amount due								5,000,000
Installment due date				3-Aug-12
Gold Peak [Member] | Second Installment [Member]
Loss Contingencies [Line Items]
Installment amount due									$12,000,000
Installment due date				15-Oct-12

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments - Additional Information (Detail) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Debt outstanding	$0	$0