Reis 10-Q 30 Jul 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 27, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	REIS
Entity Registrant Name	Reis, Inc.
Entity Central Index Key	1,038,222
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,228,905

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 27,229,789	$ 17,745,077
Restricted cash and investments	212,268	212,625
Accounts receivable, net	5,272,970	12,627,063
Prepaid and other assets	5,417,128	4,164,320
Assets attributable to discontinued operations	0	3,500
Total current assets	38,132,155	34,752,585
Furniture, fixtures and equipment, net of accumulated depreciation of $2,290,451 and $2,158,647, respectively	788,220	850,866
Intangible assets, net of accumulated amortization of $36,090,371 and $33,589,746, respectively	14,505,614	14,681,410
Deferred tax asset, non-current portion, net	15,882,737	18,638,737
Goodwill	54,824,648	54,824,648
Other assets	193,161	139,797
Total assets	124,326,535	123,888,043
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	3,525,922	4,170,687
Deferred revenue	21,512,315	22,885,287
Liabilities attributable to discontinued operations	479,196	299,025
Total current liabilities	25,517,433	27,354,999
Other long-term liabilities	330,200	419,638
Total liabilities	$ 25,847,633	$ 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	105,845,793	105,605,803
Retained earnings (deficit)	(7,591,469)	(9,715,528)
Total stockholders' equity	98,478,902	96,113,406
Total liabilities and stockholders' equity	$ 124,326,535	$ 123,888,043

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Accumulated depreciation of furniture, fixtures and equipment	$ 2,290,451	$ 2,158,647
Accumulated amortization of intangible assets	$ 36,090,371	$ 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 Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended			6 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Subscription revenue	$ 13,416,035		$ 10,194,375	$ 24,546,813	$ 20,140,420
Cost of sales of subscription revenue	2,134,526		1,974,242	4,319,966	3,890,587
Gross profit	11,281,509		8,220,133	20,226,847	16,249,833
Operating expenses:
Sales and marketing	3,460,773		2,541,207	6,113,787	5,093,227
Product development	889,687		814,025	1,752,441	1,577,128
General and administrative expenses	3,382,146		3,202,151	6,703,222	6,239,593
Total operating expenses	7,732,606		6,557,383	14,569,450	12,909,948
Other income (expenses):
Interest and other income	8,505		6,071	15,594	9,129
Interest expense	(28,283)		(28,283)	(56,496)	(56,496)
Total other income (expenses)	(19,778)		(22,212)	(40,902)	(47,367)
Income (loss) before income taxes and discontinued operations	3,529,125		1,640,538	5,616,495	3,292,518
Income tax expense	601,000		726,000	1,395,000	1,331,000
Income from continuing operations	2,928,125		914,538	4,221,495	1,961,518
Income (loss) from discontinued operations, net of income tax expense (benefit) of $755,000, $(82,000), $708,000 and $(317,000) respectively	1,138,434		(92,739)	1,067,080	(470,617)
Net income	$ 4,066,559		$ 821,799	$ 5,288,575	$ 1,490,901
Per share amounts - basic:
Income from continuing operations	$ 0.26		$ 0.08	$ 0.38	$ 0.18
Net income	0.36		0.07	0.47	0.14
Per share amounts - diluted:
Income from continuing operations	0.25		0.08	0.36	0.17
Net income	$ 0.35		$ 0.07	$ 0.45	$ 0.13
Weighted average number of common shares outstanding:
Basic	11,228,905		11,101,665	11,209,900	11,040,530
Diluted	11,689,883		11,531,030	11,684,857	11,509,489
Dividends declared per common share	$ 0.14	$ 0.14	$ 0.11	$ 0.28	$ 0.11

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
Income tax expense (benefit) on discontinued operations	$ 755,000	$ (82,000)	$ 708,000	$ (317,000)

Consolidated Statement of Chang

Consolidated Statement of Changes in Stockholders' Equity - 6 months ended Jun. 30, 2015 - 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	$ 274,518		274,518
Registration statement costs	(89,331)		(89,331)
Dividends	(3,164,516)			(3,164,516)
Net income	5,288,575			5,288,575
Balance at Jun. 30, 2015	$ 98,478,902	$ 224,578	$ 105,845,793	$ (7,591,469)
Balance, shares at Jun. 30, 2015		11,228,905

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 5,288,575	$ 1,490,901
Adjustments to reconcile to net cash provided by operating activities:
Deferred tax provision	1,888,000	893,000
Depreciation	214,568	190,796
Amortization of intangible assets	2,500,625	2,362,409
Stock based compensation charges	889,489	856,419
Changes in assets and liabilities:
Restricted cash and investments	357	4,344
Accounts receivable, net	7,354,093	6,917,127
Prepaid and other assets	(56,672)	(33,838)
Accrued expenses and other liabilities	(554,032)	(661,282)
Liability for option cancellations		14,002
Deferred revenue	(1,372,972)	(2,591,384)
Net cash provided by operating activities	16,152,031	9,442,494
CASH FLOWS FROM INVESTING ACTIVITIES:
Website and database development costs	(2,324,829)	(2,049,951)
Furniture, fixtures and equipment additions	(151,922)	(188,351)
Cash (used in) investing activities	(2,476,751)	(2,238,302)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends	(3,164,516)	(1,229,059)
Registration statement costs	(89,331)	0
Proceeds from option exercises	56,250	0
Payments for option cancellations and restricted stock units	(992,971)	(131,778)
Net cash (used in) financing activities	(4,190,568)	(1,360,837)
Net increase in cash and cash equivalents	9,484,712	5,843,355
Cash and cash equivalents, beginning of period	17,745,077	10,559,899
Cash and cash equivalents, end of period	27,229,789	16,403,254
SUPPLEMENTAL INFORMATION:
Cash paid during the period for interest	12,639	12,639
Cash paid during the period for income taxes	273,000	143,121
SUPPLEMENTAL SCHEDULE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Disposal of fully depreciated furniture, fixtures and equipment	82,764	56,697
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	6 Months Ended
	Jun. 30, 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, seniors housing and student 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 ReisReports Mobiuss Portfolio CRE, Mobiuss, 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 Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 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 for the three and six months ended June 30, 2015 and 2014 and the consolidated statements of cash flows for the six months ended June 30, 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	6 Months Ended
	Jun. 30, 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 June 30, 2015 Reis Discontinued Other (B) Consolidated Assets Current assets: Cash and cash equivalents $ 27,079 $ — $ 151 $ 27,230 Restricted cash and investments 212 — — 212 Accounts receivable, net 5,273 — — 5,273 Prepaid and other assets 341 — 5,076 5,417 Assets attributable to discontinued operations — — — — Total current assets 32,905 — 5,227 38,132 Furniture, fixtures and equipment, net 777 — 11 788 Intangible assets, net 14,505 — — 14,505 Deferred tax asset, non-current portion, net 285 — 15,598 15,883 Goodwill 57,203 — (2,378) 54,825 Other assets 193 — — 193 Total assets $ 105,868 $ — $ 18,458 $ 124,326 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — $ — Accrued expenses and other liabilities 2,701 — 825 3,526 Deferred revenue 21,512 — — 21,512 Liabilities attributable to discontinued operations — 271 208 479 Total current liabilities 24,213 271 1,033 25,517 Other long-term liabilities 330 — — 330 Deferred tax liability, net 26,119 — (26,119) — Total liabilities 50,662 271 (25,086) 25,847 Total stockholders’ equity 55,206 (271) 43,544 98,479 Total liabilities and stockholders’ equity $ 105,868 $ — $ 18,458 $ 124,326 Condensed Balance Sheet Data December 31, 2014 Reis Discontinued Other (B) Consolidated 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) Condensed Operating Data for the Three Months Ended June 30, 2015 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 13,416 $ — $ — $ 13,416 Cost of sales of subscription revenue 2,134 — — 2,134 Gross profit 11,282 — — 11,282 Operating expenses: Sales and marketing 3,461 — — 3,461 Product development 889 — — 889 General and administrative expenses 2,224 — 1,159 3,383 Total operating expenses 6,574 — 1,159 7,733 Other income (expenses): Interest and other income 8 — — 8 Interest expense (28) — — (28) Total other income (expenses) (20) — — (20) Income (loss) before income taxes and discontinued $ 4,688 $ — $ (1,159) $ 3,529 Income (loss) from discontinued operations, before income $ — $ (4) $ 1,897 $ 1,893 Condensed Operating Data for the Three Months Ended June 30, 2014 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 10,194 $ — $ — $ 10,194 Cost of sales of subscription revenue 1,974 — — 1,974 Gross profit 8,220 — — 8,220 Operating expenses: Sales and marketing 2,541 — — 2,541 Product development 814 — — 814 General and administrative expenses 2,079 — 1,123 3,202 Total operating expenses 5,434 — 1,123 6,557 Other income (expenses): Interest and other income 6 — — 6 Interest expense (28) — — (28) Total other income (expenses) (22) — — (22) Income (loss) before income taxes and discontinued $ 2,764 $ — $ (1,123) $ 1,641 Income (loss) from discontinued operations, before income $ — $ — $ (175) $ (175) (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. (amounts in thousands) Condensed Operating Data for the Six Months Ended June 30, 2015 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 24,547 $ — $ — $ 24,547 Cost of sales of subscription revenue 4,320 — — 4,320 Gross profit 20,227 — — 20,227 Operating expenses: Sales and marketing 6,114 — — 6,114 Product development 1,752 — — 1,752 General and administrative expenses 4,384 — 2,320 6,704 Total operating expenses 12,250 — 2,320 14,570 Other income (expenses): Interest and other income 15 — — 15 Interest expense (56) — — (56) Total other income (expenses) (41) — — (41) Income (loss) before income taxes and discontinued $ 7,936 $ — $ (2,320) $ 5,616 Income (loss) from discontinued operations, before income $ — $ (4) $ 1,779 $ 1,775 Condensed Operating Data for the Six Months Ended June 30, 2014 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 20,140 $ — $ — $ 20,140 Cost of sales of subscription revenue 3,890 — — 3,890 Gross profit 16,250 — — 16,250 Operating expenses: Sales and marketing 5,093 — — 5,093 Product development 1,577 — — 1,577 General and administrative expenses 3,971 — 2,269 6,240 Total operating expenses 10,641 — 2,269 12,910 Other income (expenses): Interest and other income 9 — — 9 Interest expense (56) — — (56) Total other income (expenses) (47) — — (47) Income (loss) before income taxes and discontinued $ 5,562 $ — $ (2,269) $ 3,293 Income (loss) from discontinued operations, before income $ — $ (28) $ (760) $ (788) (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 June 30, 2015. The Company’s largest individual customer accounted for 18.4% and 3.0% of Reis Services’s revenue for the three months ended June 30, 2015 and 2014, respectively, and 10.8% and 3.0% for the six months ended June 30, 2015 and 2014, respectively. The following table presents the accounts receivable balances of Reis Services at June 30, 2015 and December 31, 2014: June 30, December 31, Accounts receivable $ 5,341,000 $ 12,679,000 Allowance for doubtful accounts (68,000) (52,000) Accounts receivable, net $ 5,273,000 $ 12,627,000 Eight subscribers accounted for an aggregate of approximately 39.4% of Reis Services’s accounts receivable at June 30, 2015, with the largest representing 18.5%. Through July 27, 2015, the Company received payments of approximately $1,960,000 or 36.7%, against the June 30, 2015 accounts receivable balance. At June 30, 2015, the largest individual subscriber accounted for 6.7% of deferred revenue. Discontinued Operations – Residential Development Activities Income (loss) from discontinued operations is comprised of the following: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 Litigation recoveries $ 2,350,000 $ 16,000 $ 2,350,000 $ 16,000 Other (expense), net (457,000) (191,000) (575,000) (804,000) Income (loss) from discontinued operations before 1,893,000 (175,000) 1,775,000 (788,000) Income tax expense (benefit) from discontinued 755,000 (82,000) 708,000 (317,000) Income (loss) from discontinued operations, net of $ 1,138,000 $ (93,000) $ 1,067,000 $ (471,000) 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, (“GP HOA”) 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 from the fourth quarter of 2012 through June 30, 2015 have resulted in cash collections aggregating $3,169,000, including recoveries of $2,350,000 and $16,000 which occurred in the three months ended June 30, 2015 and 2014, respectively. No recoveries occurred in the first quarter of 2015 or 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 and recovery efforts, see Note 11.

Restricted Cash and Investments

Restricted Cash and Investments	6 Months Ended
	Jun. 30, 2015
Receivables [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 $212,000 and $213,000 at June 30, 2015 and December 31, 2014, respectively.

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 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: June 30, December 31, Database $ 20,749,000 $ 19,435,000 Accumulated amortization (16,007,000) (15,018,000) Database, net 4,742,000 4,417,000 Customer relationships 14,100,000 14,100,000 Accumulated amortization (7,855,000) (7,379,000) Customer relationships, net 6,245,000 6,721,000 Website 12,947,000 11,936,000 Accumulated amortization (9,760,000) (8,876,000) Website, net 3,187,000 3,060,000 Acquired below market lease 2,800,000 2,800,000 Accumulated amortization (2,469,000) (2,317,000) Acquired below market lease, net 331,000 483,000 Intangibles, net $ 14,505,000 $ 14,681,000 The Company capitalized approximately $718,000 and $562,000 during the three months ended June 30, 2015 and 2014, respectively, and approximately $1,314,000 and $1,158,000 during the six months ended June 30, 2015 and 2014, respectively, to the database intangible asset. The Company capitalized approximately $525,000 and $410,000 during the three months ended June 30, 2015 and 2014, respectively, and approximately $1,011,000 and $892,000 during the six months ended June 30, 2015 and 2014, respectively, to the website intangible asset. Amortization expense for intangible assets aggregated approximately $1,280,000 and $2,501,000 for the three and six months ended June 30, 2015, of which approximately $507,000 and $989,000 related to the database, which is charged to cost of sales, approximately $238,000 and $476,000 related to customer relationships, which is charged to sales and marketing expense, approximately $459,000 and $884,000 related to website development, which is charged to product development expense, and approximately $76,000 and $152,000 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 $1,209,000 and $2,362,000 for the three and six months ended June 30, 2014, of which approximately $439,000 and $852,000 related to the database, approximately $241,000 and $482,000 related to customer relationships, approximately $453,000 and $876,000 related to website development and approximately $76,000 and $152,000 related to the value ascribed to the below market terms of the office lease.

Debt

Debt	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Debt	6. Debt The Company had no debt outstanding at June 30, 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 June 30, 2015 and December 31, 2014. No borrowings were made on the Revolver during the three and six months ended June 30, 2015 and during the year ended December 31, 2014.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 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 June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Current Federal alternative minimum tax $ 81,000 $ 12,000 $ 119,000 $ 12,000 Current state and local tax expense 96,000 34,000 96,000 34,000 Deferred Federal tax expense (A) 1,738,000 480,000 2,360,000 846,000 Deferred state and local tax expense (benefit) (559,000) 118,000 (472,000) 122,000 Consolidated income tax expense, including 1,356,000 644,000 2,103,000 1,014,000 Less income tax expense (benefit) attributable to discontinued operations 755,000 (82,000) 708,000 (317,000) Income tax expense (C) $ 601,000 $ 726,000 $ 1,395,000 $ 1,331,000 (A) Includes an AMT (benefit) of $(81,000) and $(119,000) in the three and six months ended June 30, 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. In April 2015, New York City enacted a law which substantially conforms with the New York State changes. As a consequence, the Company evaluated all elements affecting the balance of its net deferred tax assets in the respective periods, including the availability of New York State and New York City NOL carryforwards. The changes in the New York State law were reflected in the first quarter of 2014 income tax expense and the changes in the New York City law were reflected in the second quarter of 2015. Given the change in the New York City law, there was a variation between the effective tax rate and the statutory tax rate for the three and six months ended June 30, 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 $20,927,000 and $22,437,000 at June 30, 2015 and December 31, 2014, respectively, of which $5,044,000 and $3,798,000 is reflected as a net current asset in prepaid and other assets and $15,883,000 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 amounts 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 Internal Revenue Code Section 382 limitation of $2,779,000, whereas the remaining balance of approximately $40,848,000 is not subject to the limitation. 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	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	8. Stockholders’ Equity During the three and six months ended June 30, 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. The Company increased the dividends declared and paid in the first and second quarter of 2015 to $0.14 per common share. Dividend payments aggregated approximately $1,583,000 and $3,165,000 for the three and six months ended June 30, 2015, respectively, and $1,229,000 in the three and six months ended June 30, 2014.

Stock Plans and Other Incentive

Stock Plans and Other Incentives	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2015 and 2014: For the Six Months Ended June 30, 2015 2014 Options Weighted- Options Weighted- Outstanding at beginning of 582,500 $ 9.52 627,724 $ 9.05 Granted — $ — 20,000 $ 18.52 Exercised (7,500) $ (7.50) — $ — Cancelled through cash — $ — (8,862) $ (4.09) Forfeited/cancelled/expired — $ — — $ — Outstanding at end of period 575,000 $ 9.55 638,862 $ 9.41 Options exercisable at end of 559,000 $ 9.29 618,862 $ 9.12 Options exercisable which can — $ — 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 during 2014. The Company recorded compensation expense of approximately $27,000 and $14,000 for the three and six months ended June 30, 2014, respectively, in general and administrative expenses in the consolidated statements of operations related to the respective changes in the amount of the liability for option cancellations in those periods. RSU Awards The following table presents the changes in RSUs outstanding for the six months ended June 30, 2015 and 2014: For the Six Months Ended June 30, 2015 2014 Outstanding at beginning of period 277,973 365,686 Granted 80,066 95,136 Common stock delivered (A) (B) (105,970) (185,224) Forfeited (1,103) (7,345) Outstanding at end of period 250,966 268,253 Intrinsic value (C) $ 5,566,000 $ 5,655,000 (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 $22.18 and $21.08 per share on June 30, 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 six months ended June 30, 2015 and 2014, an aggregate of 2,661 RSUs and 3,705 RSUs, respectively, were granted to non-employee directors (with an average grant date fair value of $25.90 and $18.62 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 $443,000 and $408,000, respectively, including $34,500 in each period related to non-employee director equity compensation, for the three months ended June 30, 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. For the six months ended June 30, 2015 and 2014, the Company recorded non-cash compensation expense of approximately $889,000 and $856,000, respectively, including $69,000 in each period related to non-employee director equity compensation.

Earnings Per Common Share

Earnings Per Common Share	6 Months Ended
	Jun. 30, 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 June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Numerator for basic per share calculation: Income from continuing operations for basic $ 2,928,125 $ 914,538 $ 4,221,495 $ 1,961,518 Income (loss) from discontinued operations, net of 1,138,434 (92,739) 1,067,080 (470,617) Net income for basic calculation $ 4,066,559 $ 821,799 $ 5,288,575 $ 1,490,901 Numerator for diluted per share calculation: Income from continuing operations $ 2,928,125 $ 914,538 $ 4,221,495 $ 1,961,518 Adjustments to income from continuing operations for — — — — Income from continuing operations for dilution 2,928,125 914,538 4,221,495 1,961,518 Income (loss) from discontinued operations, net of 1,138,434 (92,739) 1,067,080 (470,617) Net income for dilution calculation $ 4,066,559 $ 821,799 $ 5,288,575 $ 1,490,901 Denominator: Weighted average common shares – basic 11,228,905 11,101,665 11,209,900 11,040,530 Effect of dilutive securities: RSUs 125,413 124,134 134,028 163,397 Stock options 335,565 305,231 340,929 305,562 Weighted average common shares – diluted 11,689,883 11,531,030 11,684,857 11,509,489 Per common share amounts – basic: Income from continuing operations $ 0.26 $ 0.08 $ 0.38 $ 0.18 Income (loss) from discontinued operations 0.10 (0.01) 0.09 (0.04) Net income $ 0.36 $ 0.07 $ 0.47 $ 0.14 Per common share amounts – diluted: Income from continuing operations $ 0.25 $ 0.08 $ 0.36 $ 0.17 Income (loss) from discontinued operations 0.10 (0.01) 0.09 (0.04) Net income $ 0.35 $ 0.07 $ 0.45 $ 0.13 Potentially dilutive securities include all stock based awards. For the three and six months ended June 30, 2015, only certain equity awards were antidilutive. For the three and six months ended June 30, 2014, certain equity and option awards accounted for under the liability method were antidilutive.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 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 and certain subsidiaries have purchased insurance with respect to construction defect and completed operations at its past real estate development projects. Reis and certain subsidiaries have, 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 the Company and/or the Company’s 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”) (collectively, including Reis, Inc., the “Reis Defendants”)) were the subject of a suit brought by the GP HOA 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 the Company (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 GP HOA 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 and GP LLC jointly and severally liable for an aggregate of $18,200,000, plus other costs of approximately $756,000. The jury also found Tri-Star liable as the construction manager/general contractor of the project. On June 20, 2012, following denial of all of the defendants’ post-trial motions, Reis, GP LLC and WPHC reached a settlement with the GP HOA, 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, the Company’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 the GP HOA’s claims. 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, to cover the GP HOA’s claims, bad faith and other related causes of action. In particular, the Company took the position that the GP HOA’s claims 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 and this amount has been eroded by defense costs. Additionally, the Company made claims against other additional insurance companies under policies maintained by the Company, including the Company’s directors’ and officers’ insurance policy, and against the Company’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. The Company is considering an appeal of the Colorado District Court’s ruling related to this policy. Separately, on November 20, 2014, a motion for summary judgment by the insurance broker was denied by the Colorado District Court. A trial related to the insurance actions and claims against the former insurance broker was scheduled for July 2015. The Company also brought separate claims against Tri-Star, the Tri-Star subcontractors, the architect and a third party inspector relating to those parties’ actions on the Gold Peak project. A trial was scheduled for October 2015 for these actions. In April 2015, default judgments were entered in the Company’s favor against two subcontractors aggregating approximately $1,218,000; however, the Company believes receipt of such amounts is remote as those entities appear either to be bankrupt or have no assets to satisfy the judgment. There is no financial statement impact related to these default judgments. In June 2015, the Company entered into settlement agreements with ACE, Tri-Star, certain of the Tri-Star subcontractors and the architect, whereby the Company received aggregate proceeds of approximately $2,350,000 during the period. As a result, the previously scheduled trial for October 2015 will be vacated in the near future. On July 10, 2015, the Company entered into a settlement agreement with the former insurance broker. As a result, the previously scheduled trial for July 2015 was vacated. Including additional funds received in July 2015 from certain subcontractors, the Company expects total recoveries, based upon executed settlement agreements, to aggregate approximately $414,000 in the third quarter of 2015. In September 2013, the Company entered into a tolling agreement with the law firm that represented the Reis Defendants in the trial with the GP HOA. The tolling agreement postpones the running of the limitation period for the claims by the Company against the law firm related to the GP HOA trial. At this time, the Company continues to consider its options with respect to actions against the law firm that represented the Reis Defendants in the GP HOA trial and the third party inspector, as well as an appeal of the Colorado District Court’s ruling related to the directors’ and officers’ insurance policy in an effort to further mitigate the effects of the 2012 settlement. In summary, recovery efforts from the fourth quarter of 2012 through June 30, 2015 have resulted in cash collections aggregating $3,169,000, including recoveries of $2,350,000 and $16,000 which occurred in the three months ended June 30, 2015 and 2014, respectively. Such amounts are included in income (loss) from discontinued operations on the consolidated statements of operations. No recoveries occurred in the first quarter of 2015 or 2014. There is no assurance that the Company will be successful in any of its additional 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 Instrum

Fair Value of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	12. Fair Value of Financial Instruments At June 30, 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 June 30, 2015 and December 31, 2014. The Company had no debt outstanding at June 30, 2015 and December 31, 2014. See Note 6 for additional information about the Company’s debt.

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 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 for the three and six months ended June 30, 2015 and 2014 and the consolidated statements of cash flows for the six months ended June 30, 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)	6 Months Ended
	Jun. 30, 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 June 30, 2015 Reis Discontinued Other (B) Consolidated Assets Current assets: Cash and cash equivalents $ 27,079 $ — $ 151 $ 27,230 Restricted cash and investments 212 — — 212 Accounts receivable, net 5,273 — — 5,273 Prepaid and other assets 341 — 5,076 5,417 Assets attributable to discontinued operations — — — — Total current assets 32,905 — 5,227 38,132 Furniture, fixtures and equipment, net 777 — 11 788 Intangible assets, net 14,505 — — 14,505 Deferred tax asset, non-current portion, net 285 — 15,598 15,883 Goodwill 57,203 — (2,378) 54,825 Other assets 193 — — 193 Total assets $ 105,868 $ — $ 18,458 $ 124,326 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — $ — Accrued expenses and other liabilities 2,701 — 825 3,526 Deferred revenue 21,512 — — 21,512 Liabilities attributable to discontinued operations — 271 208 479 Total current liabilities 24,213 271 1,033 25,517 Other long-term liabilities 330 — — 330 Deferred tax liability, net 26,119 — (26,119) — Total liabilities 50,662 271 (25,086) 25,847 Total stockholders’ equity 55,206 (271) 43,544 98,479 Total liabilities and stockholders’ equity $ 105,868 $ — $ 18,458 $ 124,326 Condensed Balance Sheet Data December 31, 2014 Reis Discontinued Other (B) Consolidated 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) Condensed Operating Data for the Three Months Ended June 30, 2015 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 13,416 $ — $ — $ 13,416 Cost of sales of subscription revenue 2,134 — — 2,134 Gross profit 11,282 — — 11,282 Operating expenses: Sales and marketing 3,461 — — 3,461 Product development 889 — — 889 General and administrative expenses 2,224 — 1,159 3,383 Total operating expenses 6,574 — 1,159 7,733 Other income (expenses): Interest and other income 8 — — 8 Interest expense (28) — — (28) Total other income (expenses) (20) — — (20) Income (loss) before income taxes and discontinued $ 4,688 $ — $ (1,159) $ 3,529 Income (loss) from discontinued operations, before income $ — $ (4) $ 1,897 $ 1,893 Condensed Operating Data for the Three Months Ended June 30, 2014 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 10,194 $ — $ — $ 10,194 Cost of sales of subscription revenue 1,974 — — 1,974 Gross profit 8,220 — — 8,220 Operating expenses: Sales and marketing 2,541 — — 2,541 Product development 814 — — 814 General and administrative expenses 2,079 — 1,123 3,202 Total operating expenses 5,434 — 1,123 6,557 Other income (expenses): Interest and other income 6 — — 6 Interest expense (28) — — (28) Total other income (expenses) (22) — — (22) Income (loss) before income taxes and discontinued $ 2,764 $ — $ (1,123) $ 1,641 Income (loss) from discontinued operations, before income $ — $ — $ (175) $ (175) (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. (amounts in thousands) Condensed Operating Data for the Six Months Ended June 30, 2015 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 24,547 $ — $ — $ 24,547 Cost of sales of subscription revenue 4,320 — — 4,320 Gross profit 20,227 — — 20,227 Operating expenses: Sales and marketing 6,114 — — 6,114 Product development 1,752 — — 1,752 General and administrative expenses 4,384 — 2,320 6,704 Total operating expenses 12,250 — 2,320 14,570 Other income (expenses): Interest and other income 15 — — 15 Interest expense (56) — — (56) Total other income (expenses) (41) — — (41) Income (loss) before income taxes and discontinued $ 7,936 $ — $ (2,320) $ 5,616 Income (loss) from discontinued operations, before income $ — $ (4) $ 1,779 $ 1,775 Condensed Operating Data for the Six Months Ended June 30, 2014 Reis Services Discontinued Other (B) Consolidated Subscription revenue $ 20,140 $ — $ — $ 20,140 Cost of sales of subscription revenue 3,890 — — 3,890 Gross profit 16,250 — — 16,250 Operating expenses: Sales and marketing 5,093 — — 5,093 Product development 1,577 — — 1,577 General and administrative expenses 3,971 — 2,269 6,240 Total operating expenses 10,641 — 2,269 12,910 Other income (expenses): Interest and other income 9 — — 9 Interest expense (56) — — (56) Total other income (expenses) (47) — — (47) Income (loss) before income taxes and discontinued $ 5,562 $ — $ (2,269) $ 3,293 Income (loss) from discontinued operations, before income $ — $ (28) $ (760) $ (788) (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 June 30, 2015 and December 31, 2014: June 30, December 31, Accounts receivable $ 5,341,000 $ 12,679,000 Allowance for doubtful accounts (68,000) (52,000) Accounts receivable, net $ 5,273,000 $ 12,627,000
Income (Loss) from Discontinued Operations	Income (loss) from discontinued operations is comprised of the following: For the Three Months Ended For the Six Months Ended 2015 2014 2015 2014 Litigation recoveries $ 2,350,000 $ 16,000 $ 2,350,000 $ 16,000 Other (expense), net (457,000) (191,000) (575,000) (804,000) Income (loss) from discontinued operations before 1,893,000 (175,000) 1,775,000 (788,000) Income tax expense (benefit) from discontinued 755,000 (82,000) 708,000 (317,000) Income (loss) from discontinued operations, net of $ 1,138,000 $ (93,000) $ 1,067,000 $ (471,000)

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 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: June 30, December 31, Database $ 20,749,000 $ 19,435,000 Accumulated amortization (16,007,000) (15,018,000) Database, net 4,742,000 4,417,000 Customer relationships 14,100,000 14,100,000 Accumulated amortization (7,855,000) (7,379,000) Customer relationships, net 6,245,000 6,721,000 Website 12,947,000 11,936,000 Accumulated amortization (9,760,000) (8,876,000) Website, net 3,187,000 3,060,000 Acquired below market lease 2,800,000 2,800,000 Accumulated amortization (2,469,000) (2,317,000) Acquired below market lease, net 331,000 483,000 Intangibles, net $ 14,505,000 $ 14,681,000

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 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 June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Current Federal alternative minimum tax $ 81,000 $ 12,000 $ 119,000 $ 12,000 Current state and local tax expense 96,000 34,000 96,000 34,000 Deferred Federal tax expense (A) 1,738,000 480,000 2,360,000 846,000 Deferred state and local tax expense (benefit) (559,000) 118,000 (472,000) 122,000 Consolidated income tax expense, including 1,356,000 644,000 2,103,000 1,014,000 Less income tax expense (benefit) attributable to discontinued operations 755,000 (82,000) 708,000 (317,000) Income tax expense (C) $ 601,000 $ 726,000 $ 1,395,000 $ 1,331,000 (A) Includes an AMT (benefit) of $(81,000) and $(119,000) in the three and six months ended June 30, 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 Incenti24

Stock Plans and Other Incentives (Tables)	6 Months Ended
	Jun. 30, 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 six months ended June 30, 2015 and 2014: For the Six Months Ended June 30, 2015 2014 Options Weighted- Options Weighted- Outstanding at beginning of 582,500 $ 9.52 627,724 $ 9.05 Granted — $ — 20,000 $ 18.52 Exercised (7,500) $ (7.50) — $ — Cancelled through cash — $ — (8,862) $ (4.09) Forfeited/cancelled/expired — $ — — $ — Outstanding at end of period 575,000 $ 9.55 638,862 $ 9.41 Options exercisable at end of 559,000 $ 9.29 618,862 $ 9.12 Options exercisable which can — $ — 8,862 $ 4.09
Changes in RSUs	The following table presents the changes in RSUs outstanding for the six months ended June 30, 2015 and 2014: For the Six Months Ended June 30, 2015 2014 Outstanding at beginning of period 277,973 365,686 Granted 80,066 95,136 Common stock delivered (A) (B) (105,970) (185,224) Forfeited (1,103) (7,345) Outstanding at end of period 250,966 268,253 Intrinsic value (C) $ 5,566,000 $ 5,655,000 (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 $22.18 and $21.08 per share on June 30, 2015 and 2014, respectively.

Earnings Per Common Share (Tabl

Earnings Per Common Share (Tables)	6 Months Ended
	Jun. 30, 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 June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 Numerator for basic per share calculation: Income from continuing operations for basic $ 2,928,125 $ 914,538 $ 4,221,495 $ 1,961,518 Income (loss) from discontinued operations, net of 1,138,434 (92,739) 1,067,080 (470,617) Net income for basic calculation $ 4,066,559 $ 821,799 $ 5,288,575 $ 1,490,901 Numerator for diluted per share calculation: Income from continuing operations $ 2,928,125 $ 914,538 $ 4,221,495 $ 1,961,518 Adjustments to income from continuing operations for — — — — Income from continuing operations for dilution 2,928,125 914,538 4,221,495 1,961,518 Income (loss) from discontinued operations, net of 1,138,434 (92,739) 1,067,080 (470,617) Net income for dilution calculation $ 4,066,559 $ 821,799 $ 5,288,575 $ 1,490,901 Denominator: Weighted average common shares – basic 11,228,905 11,101,665 11,209,900 11,040,530 Effect of dilutive securities: RSUs 125,413 124,134 134,028 163,397 Stock options 335,565 305,231 340,929 305,562 Weighted average common shares – diluted 11,689,883 11,531,030 11,684,857 11,509,489 Per common share amounts – basic: Income from continuing operations $ 0.26 $ 0.08 $ 0.38 $ 0.18 Income (loss) from discontinued operations 0.10 (0.01) 0.09 (0.04) Net income $ 0.36 $ 0.07 $ 0.47 $ 0.14 Per common share amounts – diluted: Income from continuing operations $ 0.25 $ 0.08 $ 0.36 $ 0.17 Income (loss) from discontinued operations 0.10 (0.01) 0.09 (0.04) Net income $ 0.35 $ 0.07 $ 0.45 $ 0.13

Organization and Business - Add

Organization and Business - Additional Information (Detail) - Jun. 30, 2015 - Project	Total
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 ($)	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Current assets:
Cash and cash equivalents	$ 27,229,789	$ 17,745,077	$ 16,403,254	$ 10,559,899
Restricted cash and investments	212,268	212,625
Accounts receivable, net	5,272,970	12,627,063
Prepaid and other assets	5,417,128	4,164,320
Assets attributable to discontinued operations	0	3,500
Total current assets	38,132,155	34,752,585
Furniture, fixtures and equipment, net	788,220	850,866
Intangible assets, net	14,505,614	14,681,410
Deferred tax asset, non-current portion, net	15,882,737	18,638,737
Goodwill	54,824,648	54,824,648
Other assets	193,161	139,797
Total assets	124,326,535	123,888,043
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	3,525,922	4,170,687
Deferred revenue	21,512,315	22,885,287
Liabilities attributable to discontinued operations	479,196	299,025
Total current liabilities	25,517,433	27,354,999
Other long-term liabilities	330,200	419,638
Deferred tax liability, net	0	0
Total liabilities	25,847,633	27,774,637
Total stockholders' equity	98,478,902	96,113,406
Total liabilities and stockholders' equity	124,326,535	123,888,043
Reis Services [Member]
Current assets:
Cash and cash equivalents	27,079,000	17,562,000
Restricted cash and investments	212,000	213,000
Accounts receivable, net	5,273,000	12,627,000
Prepaid and other assets	341,000	213,000
Assets attributable to discontinued operations	0	0
Total current assets	32,905,000	30,615,000
Furniture, fixtures and equipment, net	777,000	836,000
Intangible assets, net	14,505,000	14,681,000
Deferred tax asset, non-current portion, net	285,000	285,000
Goodwill	57,203,000	57,203,000
Other assets	193,000	140,000
Total assets	105,868,000	103,760,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	2,701,000	3,157,000
Deferred revenue	21,512,000	22,885,000
Liabilities attributable to discontinued operations	0	0
Total current liabilities	24,213,000	26,042,000
Other long-term liabilities	330,000	420,000
Deferred tax liability, net	26,119,000	23,108,000
Total liabilities	50,662,000	49,570,000
Total stockholders' equity	55,206,000	54,190,000
Total liabilities and stockholders' equity	105,868,000	103,760,000
Other [Member]
Current assets:
Cash and cash equivalents	151,000	183,000
Restricted cash and investments	0	0
Accounts receivable, net	0	0
Prepaid and other assets	5,076,000	3,950,000
Assets attributable to discontinued operations	0	4,000
Total current assets	5,227,000	4,137,000
Furniture, fixtures and equipment, net	11,000	15,000
Intangible assets, net	0	0
Deferred tax asset, non-current portion, net	15,598,000	18,354,000
Goodwill	(2,378,000)	(2,378,000)
Other assets	0	0
Total assets	18,458,000	20,128,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	825,000	1,014,000
Deferred revenue	0	0
Liabilities attributable to discontinued operations	208,000	28,000
Total current liabilities	1,033,000	1,042,000
Other long-term liabilities	0	0
Deferred tax liability, net	(26,119,000)	(23,108,000)
Total liabilities	(25,086,000)	(22,066,000)
Total stockholders' equity	43,544,000	42,194,000
Total liabilities and stockholders' equity	18,458,000	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 - Condens28

Segment Information - Condensed Operating Data for Segments (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Subscription revenue	$ 13,416,035	$ 10,194,375	$ 24,546,813	$ 20,140,420
Cost of sales of subscription revenue	2,134,526	1,974,242	4,319,966	3,890,587
Gross profit	11,281,509	8,220,133	20,226,847	16,249,833
Operating expenses:
Sales and marketing	3,460,773	2,541,207	6,113,787	5,093,227
Product development	889,687	814,025	1,752,441	1,577,128
General and administrative expenses	3,382,146	3,202,151	6,703,222	6,239,593
Total operating expenses	7,732,606	6,557,383	14,569,450	12,909,948
Other income (expenses):
Interest and other income	8,505	6,071	15,594	9,129
Interest expense	(28,283)	(28,283)	(56,496)	(56,496)
Total other income (expenses)	(19,778)	(22,212)	(40,902)	(47,367)
Income (loss) before income taxes and discontinued operations	3,529,125	1,640,538	5,616,495	3,292,518
Income (loss) from discontinued operations, before income taxes	1,893,000	(175,000)	1,775,000	(788,000)
Reis Services [Member]
Segment Reporting Information [Line Items]
Subscription revenue	13,416,000	10,194,000	24,547,000	20,140,000
Cost of sales of subscription revenue	2,134,000	1,974,000	4,320,000	3,890,000
Gross profit	11,282,000	8,220,000	20,227,000	16,250,000
Operating expenses:
Sales and marketing	3,461,000	2,541,000	6,114,000	5,093,000
Product development	889,000	814,000	1,752,000	1,577,000
General and administrative expenses	2,224,000	2,079,000	4,384,000	3,971,000
Total operating expenses	6,574,000	5,434,000	12,250,000	10,641,000
Other income (expenses):
Interest and other income	8,000	6,000	15,000	9,000
Interest expense	(28,000)	(28,000)	(56,000)	(56,000)
Total other income (expenses)	(20,000)	(22,000)	(41,000)	(47,000)
Income (loss) before income taxes and discontinued operations	4,688,000	2,764,000	7,936,000	5,562,000
Income (loss) from discontinued operations, before income taxes	0	0	0	0
Other [Member]
Segment Reporting Information [Line Items]
Subscription revenue	0	0	0	0
Cost of sales of subscription revenue	0	0	0	0
Gross profit	0	0	0	0
Operating expenses:
Sales and marketing	0	0	0	0
Product development	0	0	0	0
General and administrative expenses	1,159,000	1,123,000	2,320,000	2,269,000
Total operating expenses	1,159,000	1,123,000	2,320,000	2,269,000
Other income (expenses):
Interest and other income	0	0	0	0
Interest expense	0	0	0	0
Total other income (expenses)	0	0	0	0
Income (loss) before income taxes and discontinued operations	(1,159,000)	(1,123,000)	(2,320,000)	(2,269,000)
Income (loss) from discontinued operations, before income taxes	1,897,000	(175,000)	1,779,000	(760,000)
Discontinued Operations [Member]
Segment Reporting Information [Line Items]
Subscription revenue	0	0	0	0
Cost of sales of subscription revenue	0	0	0	0
Gross profit	0	0	0	0
Operating expenses:
Sales and marketing	0	0	0	0
Product development	0	0	0	0
General and administrative expenses	0	0	0	0
Total operating expenses	0	0	0	0
Other income (expenses):
Interest and other income	0	0	0	0
Interest expense	0	0	0	0
Total other income (expenses)	0	0	0	0
Income (loss) before income taxes and discontinued operations	0	0	0	0
Income (loss) from discontinued operations, before income taxes	$ (4,000)	$ 0	$ (4,000)	$ (28,000)

Segment Information - Additiona

Segment Information - Additional Information (Detail)	Jul. 27, 2015USD ($)	Jul. 10, 2015USD ($)	Oct. 15, 2012USD ($)	Aug. 03, 2012USD ($)	Jun. 20, 2012USD ($)	Mar. 13, 2012USD ($)	Jun. 30, 2015USD ($)Subscriber	Jun. 30, 2015USD ($)Subscriber	Mar. 31, 2015USD ($)	Jun. 30, 2014USD ($)	Mar. 31, 2014USD ($)	Jun. 30, 2015USD ($)Subscriber	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Subscriber	Sep. 30, 2009aSegment
Segment Reporting Information [Line Items]
Litigation charge regarding construction defects						$ 18,200,000
Other charges regarding construction defects						756,000
Litigation recoveries							$ 2,350,000	$ 2,350,000	$ 0	$ 16,000	$ 0	$ 2,350,000	$ 16,000	$ 3,169,000
Gold Peak [Member]
Segment Reporting Information [Line Items]
Number of units | Segment															259
Number of acres prior to sale | a															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												Aug. 3, 2012
Gold Peak [Member] | Second Installment [Member]
Segment Reporting Information [Line Items]
Installment amount due			$ 12,000,000
Installment due date												Oct. 15, 2012
Subsequent Event [Member]
Segment Reporting Information [Line Items]
Payments received against accounts receivable	$ 1,960,000
Percentage collected from trade accounts receivable	36.70%
Litigation recoveries		$ 414,000
Reis Services [Member]
Segment Reporting Information [Line Items]
Percentage of Reis Service's revenue by major subscriber								18.40%		3.00%		10.80%	3.00%
Aggregate percentage of subscribers contributing largest share among accounts receivable							39.40%	39.40%				39.40%		39.40%
Number of subscribers contributing largest share among accounts receivable | Subscriber							8	8				8		8
Percentage of Reis Service's accounts receivable by major subscriber							18.50%	18.50%				18.50%		18.50%
Percentage of deferred revenue by major subscriber							6.70%	6.70%				6.70%		6.70%

Segment Information - Accounts

Segment Information - Accounts Receivable Balances of Reis Services (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Accounts receivable, net	$ 5,272,970	$ 12,627,063
Reis Services [Member]
Segment Reporting Information [Line Items]
Accounts receivable	5,341,000	12,679,000
Allowance for doubtful accounts	(68,000)	(52,000)
Accounts receivable, net	$ 5,273,000	$ 12,627,000

Segment Information - Income (L

Segment Information - Income (Loss) from Discontinued Operations (Detail) - USD ($)	1 Months Ended	3 Months Ended				6 Months Ended		33 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Mar. 31, 2014	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015
Segment Reporting [Abstract]
Litigation recoveries	$ 2,350,000	$ 2,350,000	$ 0	$ 16,000	$ 0	$ 2,350,000	$ 16,000	$ 3,169,000
Other (expense), net		(457,000)		(191,000)		(575,000)	(804,000)
Income (loss) from discontinued operations before income tax		1,893,000		(175,000)		1,775,000	(788,000)
Income tax expense (benefit) from discontinued operations		755,000		(82,000)		708,000	(317,000)
Income (loss) from discontinued operations, net of income tax expense (benefit)		$ 1,138,434		$ (92,739)		$ 1,067,080	$ (470,617)

Restricted Cash and Investmen32

Restricted Cash and Investments - Additional Information (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Restricted Cash and Investments [Abstract]
Restricted cash	$ 212,268	$ 212,625

Intangible Assets - Summary of

Intangible Assets - Summary of Identified Intangible Assets (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (36,090,371)	$ (33,589,746)
Total	14,505,614	14,681,410
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	20,749,000	19,435,000
Accumulated amortization	(16,007,000)	(15,018,000)
Total	4,742,000	4,417,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	14,100,000	14,100,000
Accumulated amortization	(7,855,000)	(7,379,000)
Total	6,245,000	6,721,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	12,947,000	11,936,000
Accumulated amortization	(9,760,000)	(8,876,000)
Total	3,187,000	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	(2,469,000)	(2,317,000)
Total	$ 331,000	$ 483,000

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$ 1,280,000	$ 1,209,000	$ 2,500,625	$ 2,362,409
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	718,000	562,000	1,314,000	1,158,000
Amortization expense for intangible assets	507,000	439,000	989,000	852,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	238,000	241,000	476,000	482,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	525,000	410,000	1,011,000	892,000
Amortization expense for intangible assets	459,000	453,000	884,000	876,000
Acquired Below Market Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$ 76,000	$ 76,000	$ 152,000	$ 152,000

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Oct. 31, 2012
Debt Instrument [Line Items]
Debt outstanding	$ 0	$ 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		Oct. 16, 2015
Unused credit facility fee		0.25%
Borrowings under revolver	$ 0	$ 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 In

Income Taxes - Components of Income Tax Expense (Benefit) (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Tax Disclosure [Abstract]
Current Federal alternative minimum tax ("AMT") expense	$ 81,000	$ 12,000	$ 119,000	$ 12,000
Current state and local tax expense	96,000	34,000	96,000	34,000
Deferred Federal tax expense	1,738,000	480,000	2,360,000	846,000
Deferred state and local tax expense (benefit)	(559,000)	118,000	(472,000)	122,000
Consolidated income tax expense, including taxes attributable to discontinued operations	1,356,000	644,000	2,103,000	1,014,000
Income tax expense (benefit) attributable to discontinued operations	755,000	(82,000)	708,000	(317,000)
Income tax expense	601,000	726,000	1,395,000	1,331,000
Consolidated income tax expense (benefit), including taxes attributable to discontinued operations	$ 1,356,000	$ 644,000	$ 2,103,000	$ 1,014,000

Income Taxes - Components of 37

Income Taxes - Components of Income Tax Expense (Benefit) (Parenthetical) (Detail) - Jun. 30, 2015 - USD ($)	Total	Total
Income Tax Disclosure [Abstract]
Deferred Federal AMT expense (benefit)	$ (81,000)	$ (119,000)

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net deferred tax asset	$ 20,927	$ 22,437
Net current deferred tax asset in prepaid and other assets	5,044	3,798
Net non-current deferred tax asset	$ 15,883	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
Federal NOLs annual limitation		$ 2,779

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Equity [Abstract]
Repurchase of common stock	0			0		0
Dividends declared, per share	$ 0.14	$ 0.14	$ 0.11	$ 0.28	$ 0.11
Dividends paid, per share	$ 0.14	$ 0.14	$ 0.11
Dividend payments, amount	$ 1,583,000		$ 1,229,000	$ 3,164,516	$ 1,229,000

Stock Plans and Other Incenti40

Stock Plans and Other Incentives - Additional Information (Detail) - USD ($)	Dec. 31, 2014	Feb. 28, 2014	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 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					0	8,862
Compensation expense					$ 27,000		$ 14,000
Non-cash compensation expense			$ 443,000		408,000	$ 889,489	$ 856,419
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted						80,066	95,136
Vesting rights						RSUs vest one-third a year over three years
RSU [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted		91,431		77,405
Weighted average grant date fair value		$ 18.13		$ 23.51
RSU [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted						2,661	3,705
Weighted average grant date fair value						$ 25.90	$ 18.62
Number of months after the termination of service, RSUs delivered to non-employee directors						6 months
Non-cash compensation expense			$ 34,500		$ 34,500	$ 69,000	$ 69,000
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 Incenti41

Stock Plans and Other Incentives - Option Activity and Other Plan Data (Detail) - $ / shares	Dec. 31, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding at beginning of period, Options		582,500	627,724
Granted, Options		0	20,000
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	582,500	575,000	638,862
Options exercisable at end of period, Options		559,000	618,862
Options exercisable which can be settled in cash, Options	0	0	8,862
Outstanding at beginning of period, Weighted-Average Exercise Price		$ 9.52	$ 9.05
Granted, Weighted-Average Exercise Price		0	18.52
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	$ 9.52	9.55	9.41
Options exercisable at end of period, Weighted-Average Exercise Price		9.29	9.12
Options exercisable which can be settled in cash, Weighted-Average Exercise Price		$ 0	$ 4.09

Stock Plans and Other Incenti42

Stock Plans and Other Incentives - Changes in RSUs (Detail) - RSU [Member] - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period	277,973	365,686
Granted	80,066	95,136
Common stock delivered	(105,970)	(185,224)
Forfeited	(1,103)	(7,345)
Outstanding at end of period	250,966	268,253
Intrinsic value	$ 5,566,000	$ 5,655,000

Stock Plans and Other Incenti43

Stock Plans and Other Incentives - Changes in RSUs (Parenthetical) (Detail) - RSU [Member]	6 Months Ended
	Jun. 30, 2015USD ($)Employee$ / sharesshares	Jun. 30, 2014$ / shares
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 | Employee	28
Employee withholding tax obligations approximate amount | $	$ 993,000
Common stock delivered, net	64,834
Closing stock price | $ / shares	$ 22.18	$ 21.08

Earnings Per Common Share - Det

Earnings Per Common Share - Details of Computation of Earnings per Common Share, Basic and Diluted (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator for basic per share calculation:
Income from continuing operations for basic calculation	$ 2,928,125	$ 914,538	$ 4,221,495	$ 1,961,518
Income (loss) from discontinued operations, net of income tax expense (benefit)	1,138,434	(92,739)	1,067,080	(470,617)
Net income for basic calculation	4,066,559	821,799	5,288,575	1,490,901
Numerator for diluted per share calculation:
Income from continuing operations	2,928,125	914,538	4,221,495	1,961,518
Adjustments to income from continuing operations for the statement of operations impact of dilutive securities	0	0	0	0
Income from continuing operations for dilution calculation	2,928,125	914,538	4,221,495	1,961,518
Income (loss) from discontinued operations, net of income tax expense (benefit)	1,138,434	(92,739)	1,067,080	(470,617)
Net income for dilution calculation	$ 4,066,559	$ 821,799	$ 5,288,575	$ 1,490,901
Denominator:
Weighted average common shares - basic	11,228,905	11,101,665	11,209,900	11,040,530
Effect of dilutive securities:
RSUs	125,413	124,134	134,028	163,397
Stock options	335,565	305,231	340,929	305,562
Weighted average common shares - diluted	11,689,883	11,531,030	11,684,857	11,509,489
Per common share amounts - basic:
Income from continuing operations	$ 0.26	$ 0.08	$ 0.38	$ 0.18
Income (loss) from discontinued operations	0.10	(0.01)	0.09	(0.04)
Net income	0.36	0.07	0.47	0.14
Per common share amounts - diluted:
Income from continuing operations	0.25	0.08	0.36	0.17
Income (loss) from discontinued operations	0.10	(0.01)	0.09	(0.04)
Net income	$ 0.35	$ 0.07	$ 0.45	$ 0.13

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)

Jul. 10, 2015USD ($)

Nov. 20, 2014USD ($)

Oct. 15, 2012USD ($)

Aug. 03, 2012USD ($)

Jun. 20, 2012USD ($)

Mar. 13, 2012USD ($)

Jun. 30, 2015USD ($)

Apr. 30, 2015USD ($)Subcontractor

Oct. 31, 2011USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Jun. 30, 2014USD ($)

Mar. 31, 2014USD ($)

Jun. 30, 2015USD ($)

Jun. 30, 2014USD ($)

Jun. 30, 2015USD ($)

Sep. 30, 2009Segment

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

$ 9,000,000

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

Number of subcontractors | Subcontractor

2

Aggregate claim sought from subcontractors

$ 1,218,000

Litigation recoveries

$ 2,350,000

$ 2,350,000

$ 0

$ 16,000

$ 0

2,350,000

$ 16,000

$ 3,169,000

Subsequent Event [Member]

Loss Contingencies [Line Items]

Litigation recoveries

$ 414,000

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 | Segment

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

Aug. 3, 2012

Gold Peak [Member] | Second Installment [Member]

Loss Contingencies [Line Items]

Installment amount due

$ 12,000,000

Installment due date

Oct. 15, 2012

Fair Value of Financial Instr46

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Debt outstanding	$ 0	$ 0