Reis 10-K 8 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Feb. 28, 2018	Jun. 30, 2017
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Trading Symbol	REIS
Entity Registrant Name	Reis, Inc.
Entity Central Index Key	1,038,222
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		11,569,692
Entity Public Float			$ 196,000,000

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 19,670,613	$ 21,490,586
Accounts receivable, net	9,744,513	10,743,505
Prepaid and other assets	681,039	792,991
Total current assets	30,096,165	33,027,082
Furniture, fixtures and equipment, net of accumulated depreciation of $1,891,684 and $1,082,793, respectively	4,919,230	5,260,443
Intangible assets, net of accumulated amortization of $48,892,725 and $41,861,561, respectively	19,474,411	17,922,282
Deferred tax asset, net	12,072,118	16,814,737
Goodwill	54,824,648	54,824,648
Other assets	217,161	295,349
Total assets	121,603,733	128,144,541
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	4,149,363	4,031,444
Deferred revenue	26,533,983	25,031,100
Total current liabilities	30,683,346	29,062,544
Other long-term liabilities	2,447,037	1,902,081
Total liabilities	33,130,383	30,964,625
Commitments and contingencies
Stockholders' equity:
Common stock, $0.02 par value per share, 101,000,000 shares authorized, 11,470,565 and 11,272,150 issued and outstanding, respectively	229,411	225,443
Additional paid in capital	109,361,540	107,668,599
Retained earnings (deficit)	(21,117,601)	(10,714,126)
Total stockholders' equity	88,473,350	97,179,916
Total liabilities and stockholders' equity	$ 121,603,733	$ 128,144,541

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Accumulated depreciation of furniture, fixtures and equipment	$ 1,891,684	$ 1,082,793
Accumulated amortization of intangible assets	$ 48,892,725	$ 41,861,561
Common stock, par value	$ 0.02	$ 0.02
Common stock, shares authorized	101,000,000	101,000,000
Common stock, shares issued	11,470,565	11,272,150
Common stock, shares outstanding	11,470,565	11,272,150

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	3 Months Ended													12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Subscription revenue														$ 46,801,357	$ 45,398,701	$ 43,722,087
Other revenue														1,388,330	2,131,054	7,168,351
Total revenue	$ 12,263,000	$ 12,092,000	$ 11,709,000	$ 12,126,000	$ 11,554,000	$ 11,537,000	$ 11,615,000	$ 12,824,000						48,189,687	47,529,755	50,890,438
Cost of sales														12,565,299	10,999,146	9,081,624
Gross profit														35,624,388	36,530,609	41,808,814
Operating expenses:
Sales and marketing														12,626,490	11,878,590	11,700,840
Product development														4,696,207	4,167,474	3,711,054
General and administrative expenses														15,742,567	15,664,495	14,267,027
Total operating expenses														33,065,264	31,710,559	29,678,921
Other income (expenses):
Interest and other income														3,141	21,937	37,857
Interest expense														(129,628)	(108,345)	(91,767)
Total other income (expenses)														(126,487)	(86,408)	(53,910)
Income before income taxes and discontinued operations														2,432,637	4,733,642	12,075,983
Income tax expense														5,591,000	1,953,000	4,005,000
(Loss) income from continuing operations														(3,158,363)	2,780,642	8,070,983
Income from discontinued operations, net of income tax expense of $-, $- and $1,409,000, respectively																2,234,000
Net (loss) income	$ (4,548,000)	$ 458,000	$ 397,000	$ 535,000	$ (230,000)	$ 466,000	$ 941,000	$ 1,604,000						$ (3,158,363)	$ 2,780,642	$ 10,304,983
Per share amounts - basic:
(Loss) income from continuing operations														$ (0.28)	$ 0.25	$ 0.72
Net (loss) income	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14						(0.28)	0.25	0.92
Per share amounts - diluted:
(Loss) income from continuing operations														(0.28)	0.24	0.69
Net (loss) income	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14						$ (0.28)	$ 0.24	$ 0.88
Weighted average number of common shares outstanding:
Basic	11,468,000	11,500,000	11,514,000	11,447,000	11,294,000	11,321,000	11,322,000	11,284,000						11,482,343	11,305,110	11,226,932
Diluted	11,468,000	11,775,000	11,777,000	11,776,000	11,294,000	11,764,000	11,781,000	11,726,000						11,482,343	11,745,516	11,706,495
Dividends declared per common share	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.14	$ 0.14	$ 0.14	$ 0.14	$ 0.11	$ 0.68	$ 0.68	$ 0.56

Consolidated Statements of Ope5

Consolidated Statements of Operations (Parenthetical) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Statement [Abstract]
Income tax expense (benefit) on discontinued operations	$ 0	$ 0	$ 1,409,000

Consolidated Statements of Chan

Consolidated Statements 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)
Shares issued for vested employees restricted stock units, shares		64,834
Shares issued for option exercises	$ 284,250	$ 700	283,550
Shares issued for option exercises, shares	35,000	35,000
Stock based compensation, net	$ 1,303,708		1,303,708
Registration statement costs	(89,331)		(89,331)
Dividends	$ (6,337,568)			(6,337,568)
Stock repurchases, shares	0
Net (loss)	$ 10,304,983			10,304,983
Balance at Dec. 31, 2015	101,579,448	$ 225,128	107,102,433	(5,748,113)
Balance, shares at Dec. 31, 2015		11,256,405
Shares issued for vested employee restricted stock units		$ 1,048	(1,048)
Shares issued for vested employees restricted stock units, shares		52,421
Shares issued for option exercises	$ 153,000	$ 350	152,650
Shares issued for option exercises, shares	17,500	17,500
Stock based compensation, net	$ 1,557,394		1,557,394
Dividends	(7,746,655)			(7,746,655)
Stock repurchases	$ (1,143,913)	$ (1,083)	(1,142,830)
Stock repurchases, shares	(54,176)	(54,176)
Net (loss)	$ 2,780,642			2,780,642
Balance at Dec. 31, 2016	97,179,916	$ 225,443	107,668,599	(10,714,126)
Balance, shares at Dec. 31, 2016		11,272,150
Cumulative effect change in accounting principle (as described in Note 2) at Dec. 31, 2016	603,381		(27,830)	631,211
Adjusted balance at Dec. 31, 2016	97,783,297	$ 225,443	107,640,769	(10,082,915)
Shares issued for vested employee restricted stock units		$ 1,909	(1,909)
Shares issued for vested employees restricted stock units, shares		95,443
Shares issued for option exercises	$ 2,935,000	$ 5,700	2,929,300
Shares issued for option exercises, shares	285,000	285,000
Stock based compensation, net	$ 2,211,076		2,211,076
Dividends	(7,876,323)			(7,876,323)
Stock repurchases	$ (3,421,337)	$ (3,641)	(3,417,696)
Stock repurchases, shares	(182,028)	(182,028)
Net (loss)	$ (3,158,363)			(3,158,363)
Balance at Dec. 31, 2017	$ 88,473,350	$ 229,411	$ 109,361,540	$ (21,117,601)
Balance, shares at Dec. 31, 2017		11,470,565

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net (loss) income	$ (3,158,363)	$ 2,780,642	$ 10,304,983
Adjustments to reconcile to net cash provided by operating activities:
Deferred tax provision	5,346,000	1,766,000	4,449,000
Depreciation	1,025,092	706,906	429,498
Amortization of intangible assets	7,031,164	5,923,269	5,148,546
Stock based compensation charges	2,211,076	2,098,553	1,772,679
Changes in assets and liabilities:
Restricted cash and investments		212,268	357
Accounts receivable, net	998,992	2,997,664	(1,114,106)
Prepaid and other assets	190,140	(40,721)	(332,450)
Accrued expenses and other liabilities	1,009,205	(382,084)	1,170,929
Deferred revenue	1,502,883	(260,399)	2,406,212
Net cash provided by operating activities	16,156,189	15,802,098	24,235,648
CASH FLOWS FROM INVESTING ACTIVITIES:
Website and database development additions	(8,583,293)	(8,508,597)	(5,804,090)
Furniture, fixtures and equipment additions	(1,030,209)	(4,818,683)	(383,059)
Proceeds from sale of furniture, fixtures and equipment		2,091
Net cash (used in) investing activities	(9,613,502)	(13,325,189)	(6,187,149)
CASH FLOWS FROM FINANCING ACTIVITIES:
Dividends	(7,876,323)	(7,746,655)	(6,337,568)
Registration statement costs			(89,331)
Proceeds from option exercises	2,935,000	153,000	284,250
Payments for option cancellations and restricted stock units		(701,159)	(992,971)
Payment of financing cost		(205,552)
Stock repurchases	(3,421,337)	(1,143,913)
Net cash (used in) financing activities	(8,362,660)	(9,644,279)	(7,135,620)
Net (decrease) increase in cash and cash equivalents	(1,819,973)	(7,167,370)	10,912,879
Cash and cash equivalents, beginning of year	21,490,586	28,657,956	17,745,077
Cash and cash equivalents, end of year	19,670,613	21,490,586	28,657,956
SUPPLEMENTAL INFORMATION:
Cash paid during the year for interest	50,694	42,500	25,347
Cash paid during the year for income taxes	274,719	722,105	651,502
SUPPLEMENTAL SCHEDULEOF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Accrual for furniture, fixtures and equipment additions	(346,330)	346,330
Disposal of fully depreciated furniture, fixtures and equipment	216,201	2,074,098	138,160
Accrual for website and database development costs			350,000
Shares issued for vested employee restricted stock units	1,909	$ 1,048	$ 1,297
Shares issued for option exercises	$ 5,700

Organization and Business

Organization and Business	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Business	1. Organization and Business Reis, Inc. is a Maryland corporation. When we refer to “Reis” or the “Company,” we are referring to Reis, Inc. and its consolidated subsidiaries. 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 Reis Services. Reis Services, including its predecessors, was founded in 1980. Reis Services The Company provides commercial real estate (“CRE”) market information and analytical tools to real estate professionals. Reis maintains a proprietary database of information on all commercial properties in metropolitan markets and neighborhoods throughout the U.S. This information is used by CRE 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 mid-sized Reis Portfolio CRE non-bank ReisReports 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, property valuation estimates and property level tax information. 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

Summary of Significant Accounti

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
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. Codification and the Hierarchy of Generally Accepted Accounting Principles Effective July 1, 2009, the Company adopted the provisions of the Financial Accounting Standards Board (“FASB”) guidance related to the Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (“GAAP”). This guidance identifies the sources of accepted accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with GAAP in the United States (the GAAP hierarchy). Discontinued Operations In April 2011, the Company determined that all operational and litigation related activities associated with the prior ownership and development of residential real estate, including certain general and administrative costs that supported the related operations, should be presented as a discontinued operation. As a result of this determination and the fact that these operations and cash flows were clearly distinguished, the operating results of the discontinued segment and related general and administrative costs were aggregated for separate presentation apart from continuing operating results of the Company in the consolidated financial statements for all periods presented. Discontinued operations were completed as of December 31, 2015, therefore there were no discontinued operations activities during the years ended December 31, 2017 and 2016. Variable Interests The Company evaluates its investments and subsidiaries to determine if an entity is a voting interest entity or a variable interest entity (“VIE”). The Company performs this analysis on an ongoing basis, or as circumstances change. The Company did not have any VIEs in the years ended December 31, 2017, 2016 and 2015. Cash and Cash Equivalents The Company considers all demand and money market accounts and short term investments in government funds with a maturity of three months or less at the date of purchase to be cash and cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at invoiced amounts and do not bear interest. The allowance for doubtful accounts reflects the Company’s assessment of collectability of outstanding receivables after consideration of the age of a receivable, customer payment history and other current events or economic factors that could affect a customer’s ability to make payments. Furniture, Fixtures and Equipment The Company capitalizes costs for the purchase of furniture, fixtures and equipment that have an expected useful life beyond one year. Depreciation expense is calculated on a straight-line basis over the determined useful life of the asset, generally between three and ten years. Depreciation expense is charged to general and administrative expenses and aggregated approximately $1,025,000, $707,000 and $429,000 for the years ended December 31, 2017, 2016 and 2015, respectively. Intangible Assets, Amortization and Impairment Website Development Costs The Company expenses all internet website costs incurred during the preliminary project stage. Thereafter, all direct external and internal development and implementation costs are capitalized and amortized using the straight-line method over their remaining estimated useful lives, not exceeding three years. Amortization expense for all capitalized website development costs is charged to product development expense. Database Costs The Company capitalizes costs for the development of its database in connection with the identification and addition of new real estate properties and sale transactions which provide a future economic benefit. Amortization is calculated on a straight-line basis over a three or five year period. Costs of updating and maintaining information on existing properties in the database are expensed as incurred. Amortization expense for all capitalized database costs is charged to cost of sales. Customer Relationships The value ascribed to customer relationships acquired at the time of the May 2007 merger (the “Merger”) is amortized over 15 years on an accelerated basis and is charged to sales and marketing expense. Lease Value The value ascribed to the below market terms of the office lease existing at the time of the Merger was amortized on a straight-line basis over the remaining term of the acquired office lease. During 2016 this ascribed value was fully amortized. Amortization expense was charged to general and administrative expenses during 2016 and 2015. Goodwill and Intangible Asset Impairment Goodwill and a major portion of the other intangible assets were recorded at the time of the Merger. As a result of the tax treatment of the Merger, goodwill and the acquired intangible assets are not deductible for income tax purposes. Goodwill is not amortized and is tested for impairment at least annually, or after a triggering event has occurred, requiring such an assessment. A qualitative assessment can be utilized. If the qualitative assessment results in a determination that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then no further evaluation would be necessary. If, after performing the qualitative assessment, the Company determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then a comparison of the estimated fair value of the reporting unit to which the goodwill has been assigned with the reporting unit’s carrying value is performed. The fair values used in this evaluation would be estimates based upon market projections for the reporting unit. These market projections would utilize a number of estimates and assumptions, such as earnings before interest, taxes, depreciation and amortization (EBITDA) multiples, market comparisons, and quoted market prices. If the fair value of the reporting unit were to exceed its carrying value, goodwill would not be deemed to be impaired. If the fair value of the reporting unit is less than its carrying value, an impairment charge will be recorded based on the difference, with the impairment charge limited to the amount of goodwill allocated to the reporting unit. The Company utilized the qualitative assessment for its 2017, 2016 and 2015 evaluations. There was no goodwill impairment identified in 2017, 2016 and 2015. Intangible assets with determinable useful lives are amortized over their respective estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise used. In addition, the carrying amount of amortizable intangible assets are reviewed when indicators of impairment are present. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, the asset would be considered impaired. An impairment charge would be determined by comparing the estimated fair value of the intangible asset to its carrying value, with any shortfall from fair value recognized as an expense in the current period. There was no intangible asset impairment identified in 2017, 2016 and 2015. Deferred Financing Costs Deferred financing costs consist of costs incurred to obtain financing or financing commitments and are included in prepaid and other assets on the consolidated balance sheets. Such costs are amortized by the Company over the expected term of the respective agreements. Fair Value Measurements The current accounting literature provides for a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: • Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; • Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and • Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement. During the years ended December 31, 2017, 2016 and 2015, the Company had no assets or liabilities valued using the valuation hierarchy. Revenue Recognition and Related Items The Company’s subscription revenue is derived principally from subscriptions to its web-based Reis SE Reis Portfolio CRE Reis SE Reis Portfolio CRE Reis Portfolio CRE Reis SE ReisReports The Company’s other revenue includes; (1) non-subscription (2) one-time ad-hoc non-subscription Deferred revenue represents the portion of a subscription billed or collected in advance under the terms of the respective contract, which will be recognized in future periods. If a customer does not meet the payment obligations of a contract, any related accounts receivable and deferred revenue are written off at that time and the net amount, after considering any recovery of accounts receivable, is charged to cost of sales. Cost of sales of subscription revenue principally consists of salaries and related expenses for the Company’s researchers who collect, analyze and maintain the commercial real estate data that is the basis for the Company’s information services. Additionally, cost of sales includes expenses from the amortization of the database intangible asset. Interest revenue is recorded on an accrual basis. Share Based Compensation The fair market value as of the grant date of awards of stock, restricted stock units or stock options is recognized as compensation expense by the Company over the respective vesting periods. See Note 8 for activity with respect to stock options and restricted stock units. Income Taxes Deferred income tax assets and liabilities are determined based upon differences between the financial reporting basis and the tax basis of assets and liabilities, and are measured using the enacted tax rates and laws that are estimated to be in effect when the differences are expected to reverse. Valuation allowances with respect to deferred income tax assets are recorded when deemed appropriate and adjusted based upon periodic evaluations. The Company evaluates its tax positions in accordance with applicable current accounting literature. Recognition of uncertain tax positions (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more likely than not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more likely than not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained, statutes close or there is a satisfactory resolution of the tax position. See Note 6 for more information regarding income taxes. Per Share Data 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 Years Ended December 31, 2017 2016 2015 Numerator for basic per share calculation: (Loss) income from continuing operations for basic calculation $ (3,158,363) $ 2,780,642 $ 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for basic calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Numerator for diluted per share calculation: (Loss) income from continuing operations $ (3,158,363) $ 2,780,642 $ 8,070,983 Adjustments to (loss) income from continuing operations for the statements of operations impact of dilutive securities — — — (Loss) income from continuing operations for dilution calculation (3,158,363) 2,780,642 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for dilution calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Denominator: Weighted average common shares – basic 11,482,343 11,305,110 11,226,932 Effect of dilutive securities: RSUs — 138,077 142,949 Stock options — 302,329 336,614 Weighted average common shares – diluted 11,482,343 11,745,516 11,706,495 Per common share amounts – basic: (Loss) income from continuing operations $ (0.28) $ 0.25 $ 0.72 Income from discontinued operations — — 0.20 Net (loss) income $ (0.28) $ 0.25 $ 0.92 Per common share amounts – diluted: (Loss) income from continuing operations $ (0.28) $ 0.24 $ 0.69 Income from discontinued operations — — 0.19 Net (loss) income $ (0.28) $ 0.24 $ 0.88 Potentially dilutive securities include all stock based awards. For the years ended December 31, 2017, 2016 and 2015, certain equity awards were antidilutive. 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 9. New Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2014-09”). 2014-09 2014-09, The Company has completed its assessment of changes from adopting the new standard, which included a detailed review of contractual terms for all of its significant revenue streams. The Company currently recognizes subscription revenue ratably over the subscription period. Under the updated standard, subscriptions represent a series of performance obligations that are delivered over time, primarily on a stand-ready basis. As a result, the Company’s subscription revenue meets the criteria for revenue recognition over time and will continue to be recognized ratably under ASU 2014-09. Additionally, the Company’s evaluation considered the impact of the new standard on accounting for certain incremental costs associated with obtaining contracts with customers, such as commissions and related payroll taxes. The new standard requires these costs to be capitalized and amortized over the estimated life of the asset. Currently, these costs are expensed as incurred. The amortization period associated with such costs is approximately four years for the incremental commission costs associated with acquiring a new customer. For commission costs associated with renewal contracts, the amortization period is the contract term. The Company expects to record, on a pre-tax In February 2016, the FASB issued ASU 2016-02, Leases 2016-02”) . 2016-02 right-of-use 2016-02 2016-02 In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation 2016-09”). 2016-09, 2016-09 2016-09 2016-09. 2016-09 In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business 2017-01”). 2017-01 2017-01 In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment 2017-04”). 2017-04 2017-04, 2017-04 2017-04 2017-04

Segment Information

Segment Information	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Information	3. Segment Information The Company is organized into separately managed segments as follows: the Reis Services segment and the Other segment. The following tables present condensed balance sheet and operating data for these segments: (amounts in thousands) Condensed Balance Sheet Data December 31, 2017 Reis Other (A) Consolidated Assets Current assets: Cash and cash equivalents $ 18,990 $ 681 $ 19,671 Accounts receivable, net 9,745 — 9,745 Prepaid and other assets 502 179 681 Total current assets 29,237 860 30,097 Furniture, fixtures and equipment, net 4,919 — 4,919 Intangible assets, net 19,474 — 19,474 Deferred tax asset, net 285 11,787 12,072 Goodwill 57,203 (2,378) 54,825 Other assets 217 — 217 Total assets $ 111,335 $ 10,269 $ 121,604 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — Accrued expenses and other liabilities 3,421 729 4,150 Deferred revenue 26,534 — 26,534 Total current liabilities 29,955 729 30,684 Other long-term liabilities 2,447 — 2,447 Deferred tax liability, net 34,862 (34,862) — Total liabilities 67,264 (34,133) 33,131 Total stockholders’ equity 44,071 44,402 88,473 Total liabilities and stockholders’ equity $ 111,335 $ 10,269 $ 121,604 Condensed Balance Sheet Data December 31, 2016 Reis Other (A) Consolidated Assets Current assets: Cash and cash equivalents $ 19,903 $ 1,588 $ 21,491 Accounts receivable, net 10,744 — 10,744 Prepaid and other assets 622 170 792 Total current assets 31,269 1,758 33,027 Furniture, fixtures and equipment, net 5,260 — 5,260 Intangible assets, net 17,922 — 17,922 Deferred tax asset, net 285 16,530 16,815 Goodwill 57,203 (2,378) 54,825 Other assets 295 — 295 Total assets $ 112,234 $ 15,910 $ 128,144 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — Accrued expenses and other liabilities 3,724 307 4,031 Deferred revenue 25,031 — 25,031 Total current liabilities 28,755 307 29,062 Other long-term liabilities 1,902 — 1,902 Deferred tax liability, net 32,909 (32,909) — Total liabilities 63,566 (32,602) 30,964 Total stockholders’ equity 48,668 48,512 97,180 Total liabilities and stockholders’ equity $ 112,234 $ 15,910 $ 128,144 (A) Includes cash, other assets and liabilities not specifically attributable to or allocable to the Reis Services segment. (amounts in thousands) Condensed Operating Data for the Year Ended December 31, 2017 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 46,802 $ — $ 46,802 Other revenue 1,388 — 1,388 Total revenue 48,190 — 48,190 Cost of sales 12,565 — 12,565 Gross profit 35,625 — 35,625 Operating expenses: Sales and marketing 12,626 — 12,626 Product development 4,696 — 4,696 General and administrative expenses 11,225 4,518 15,743 Total operating expenses 28,547 4,518 33,065 Other income (expenses): Interest and other income 1 2 3 Interest expense (130) — (130) Total other income (expenses) (129) 2 (127) Income (loss) before income taxes $ 6,949 $ (4,516) $ 2,433 Condensed Operating Data for the Year Ended December 31, 2016 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 45,399 $ — $ 45,399 Other revenue 2,131 — 2,131 Total revenue 47,530 — 47,530 Cost of sales 10,999 — 10,999 Gross profit 36,531 — 36,531 Operating expenses: Sales and marketing 11,879 — 11,879 Product development 4,167 — 4,167 General and administrative expenses 11,572 4,093 15,665 Total operating expenses 27,618 4,093 31,711 Other income (expenses): Interest and other income 22 — 22 Interest expense (108) — (108) Total other income (expenses) (86) — (86) Income (loss) before income taxes $ 8,827 $ (4,093 ) $ 4,734 (A) Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the Reis Services segment. (amounts in thousands) Condensed Operating Data for the Year Ended December 31, 2015 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 43,722 $ — $ 43,722 Other revenue 7,168 — 7,168 Total revenue 50,890 — 50,890 Cost of sales 9,081 — 9,081 Gross profit 41,809 — 41,809 Operating expenses: Sales and marketing 11,701 — 11,701 Product development 3,711 — 3,711 General and administrative expenses 9,892 4,375 14,267 Total operating expenses 25,304 4,375 29,679 Other income (expenses): Interest and other income 38 — 38 Interest expense (92) — (92) Total other income (expenses) (54) — (54) Income (loss) before income taxes and discontinued operations $ 16,451 $ (4,375) $ 12,076 Income from discontinued operations, before income taxes $ — $ 3,643 $ 3,643 (A) Includes the results of the Company’s discontinued operations for the year ended December 31, 2015 and includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the Reis Services segment. Reis Services See Note 1 for a description of Reis Services’s business and products at December 31, 2017. The Company’s largest individual customer accounted for 4.4%, 6.3% and 10.6% of Reis Services’s total revenue for the years ended December 31, 2017, 2016 and 2015, respectively. Included in other revenue was $1,200,000 and $4,519,000 for the years ended December 31, 2016 and 2015, respectively, associated with custom data deliverables and portfolio advisory services related to one customer. The following table presents the accounts receivable balances of Reis Services at December 31, 2017 and 2016: December 31, 2017 2016 Accounts receivable $ 9,937,000 $ 10,862,000 Allowance for doubtful accounts (192,000) (118,000) Accounts receivable, net $ 9,745,000 $ 10,744,000 Twenty-one At December 31, 2017 and 2016, the largest individual subscriber accounted for 6.4% and 3.7% respectively, of deferred revenue. Discontinued Operations – Residential Development Activities Income from discontinued operations was comprised of the following for the year ended December 31, 2015 (there were no discontinued operations activities for the years ended December 31, 2017 and 2016): For the Year Ended Litigation recoveries $ 4,839,000 Other (expenses), net (1,196,000) Income from discontinued operations before income tax 3,643,000 Income tax expense from discontinued operations 1,409,000 Income from discontinued operations, net of income tax expense $ 2,234,000 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 (Tri-Star (“Tri-Star”)) As of December 31, 2015, the Company entered into the final settlement agreement related to its Gold Peak recovery efforts, bringing closure to this process. In summary, recovery efforts from the fourth quarter of 2012 through December 31, 2015 resulted in cash collections aggregating approximately $5,658,000 from multiple insurance carriers, trial attorneys, an insurance broker and other responsible parties involved in the design, development, construction and supervision of the Gold Peak project. The Company recovered approximately $4,839,000 in the year ended December 31, 2015. Other expenses in 2015 included legal and other professional costs incurred related to the Gold Peak litigation recovery efforts.

Intangible Assets

Intangible Assets	12 Months Ended
	Dec. 31, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	4. Intangible Assets The amount of identified intangible assets, including the respective amounts of accumulated amortization, are as follows: December 31, 2017 2016 Database $ 33,538,000 $ 28,146,000 Accumulated amortization (23,705,000) (19,974,000) Database, net 9,833,000 8,172,000 Customer relationships 14,100,000 14,100,000 Accumulated amortization (10,182,000) (9,263,000) Customer relationships, net 3,918,000 4,837,000 Website 20,729,000 17,538,000 Accumulated amortization (15,006,000) (12,624,000) Website, net 5,723,000 4,914,000 Intangibles, net $ 19,474,000 $ 17,923,000 With respect to the database intangible asset, the Company capitalized approximately $5,392,000 and $5,356,000 during the years ended December 31, 2017 and 2016, respectively. Separately, for the website intangible asset, the Company capitalized approximately $3,191,000 and $2,803,000 during the years ended December 31, 2017 and 2016, respectively. Amortization expense for intangible assets aggregated approximately $7,031,000 for the year ended December 31, 2017, of which approximately $3,731,000 related to the database, which is charged to cost of sales, approximately $919,000 related to customer relationships, which is charged to sales and marketing expense and approximately $2,381,000 related to website development, which is charged to product development expense, all in the Reis Services segment. Amortization expense for intangible assets aggregated approximately $5,923,000 for the year ended December 31, 2016, of which approximately $2,853,000 related to the database, approximately $935,000 related to customer relationships, approximately $1,955,000 related to website development, and approximately $180,000 related to the value ascribed to the below market terms of the office lease, which was charged to general and administrative expense, all in the Reis Services segment. The lease value intangible asset was fully amortized in 2016. Amortization expense for intangible assets aggregated approximately $5,148,000 for the year ended December 31, 2015, of which approximately $2,103,000 related to the database, approximately $949,000 related to customer relationships, approximately $1,793,000 related to website development, and approximately $303,000 related to the value ascribed to the below market terms of the office lease. The Company’s future amortization expense related to the net intangible asset balance at December 31, 2017 follows: For the Year Ended December 31, Amount 2018 $ 7,398,000 2019 5,729,000 2020 3,618,000 2021 1,816,000 2022 868,000 Thereafter 45,000 Total $ 19,474,000

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	5. Debt The Company had no debt outstanding at December 31, 2017 and 2016. 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 (“Capital One”), for a $10,000,000 revolving credit facility (the “2012 Revolver”). The 2012 Revolver had a three year term scheduled to expire on October 16, 2015; however, the expiration date was extended to January 31, 2016. In January 2016, Reis Services and Capital One executed an amended and restated loan and security agreement for a $20,000,000 revolving credit facility with terms substantially similar to the 2012 Revolver (as amended, the “2016 Revolver,” and collectively with the 2012 Revolver, the “Revolver”). The 2016 Revolver expires on January 28, 2019. Any borrowings on the Revolver 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). Capital One charges 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, all copyrights of the Company 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 amended and restated revolving loan credit agreement; all of the covenants were met at December 31, 2017 and 2016. No borrowings were made on the Revolver during the years ended December 31, 2017 and 2016.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes The components of income tax expense are as follows: For the Years Ended December 31, 2017 2016 2015 Current Federal alternative minimum tax (“AMT”) expense $ 20,000 $ 147,000 $ 303,000 Current state and local tax expense 225,000 40,000 662,000 Deferred Federal tax expense (A) 5,736,000 1,704,000 4,962,000 Deferred state and local tax (benefit) expense (390,000) 62,000 (513,000) Consolidated income tax expense, including taxes attributable to discontinued operations (B) 5,591,000 1,953,000 5,414,000 Less income tax expense attributable to discontinued operations — — 1,409,000 Income tax expense (C) $ 5,591,000 $ 1,953,000 $ 4,005,000 (A)  Includes an AMT (benefit) of $(20,000), $(147,000) and $(303,000) in 2017, 2016 and 2015, respectively. (B)  Includes income tax expense attributable to income from discontinued operations. (C)  Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.          The reconciliation of income tax computed at the U.S. Federal statutory rate to income tax expense on continuing operations is as follows: For the Years Ended December 31, 2017 2016 2015 Amount Percent Amount Percent Amount Percent Tax expense at U.S. statutory rate $ 851,000 35.00% $ 1,657,000 35.00% $ 4,227,000 35.00% State and local tax expense, net of Federal impact 119,000 4.89% 142,000 3.00% 494,000 4.09% Impact of state and local tax rate change, net of Federal impact 10,000 0.41% 7,000 0.15% (714,000) (5.90%) Impact of Federal rate change 5,142,000 211.38% — — — — Non-deductible 53,000 2.16% 147,000 3.10% (2,000) (0.02%) Windfall tax benefit (584,000) (24.01)% — — — — Income tax expense $ 5,591,000 229.83% $ 1,953,000 41.25% $ 4,005,000 33.17% 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 income, state and local taxes where the Company has established nexus and there are no available NOLs, and for a portion of its state and local income taxes for New York State and New York City due to laws enacted in March 2014 and April 2015, respectively, which limit the amount of existing NOLs which could be used each year. The changes in New York City law were reflected in the second quarter of 2015 income tax expense. 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 year ended December 31, 2015. On December 22, 2017, the Federal government of the United States enacted the U.S. Tax Cuts and Jobs Act (“the Tax Act”), which significantly changed existing U.S. tax laws, including a reduction in the Federal corporate income tax rate from 35% to 21%, repeal of corporate Federal “AMT” and a refund of certain existing AMT credits over several years, introduction of a capital investment deduction, limitation of the interest deduction, limitation of the use of net operating losses incurred on or after January 1, 2018 to offset future taxable income, limitation of the deduction for compensation paid to certain executive officers and extensive changes to the U.S. international tax system, as well as other changes. These changes generally took effect on January 1, 2018. The U.S. Treasury department is expected to release regulations implementing the Tax Act and the U.S. tax laws may be further amended in the future. The Company’s federal net operating losses that have been incurred prior to December 31, 2017 will continue to have a 20-year re-measurement 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 $12,072,000 and $16,815,000 at December 31, 2017 and 2016, respectively, all of which was classified as non-current. intangible assets recorded at the time of the Merger. The significant component of the decrease in the deferred tax asset balance in 2017 is due to the re-measurement Significant components of the Company’s deferred tax assets and liabilities are as follows: December 31, 2017 2016 Deferred Tax Assets Net operating loss carryforwards $ 9,952,569 $ 14,561,655 Liability reserves 652,000 792,075 Stock compensation plans 979,947 1,828,185 AMT credit carryforwards 1,736,984 1,717,792 Other 253,538 57,153 13,575,038 18,956,860 Valuation allowance — — Total deferred tax assets 13,575,038 18,956,860 Deferred Tax Liabilities Acquired asset differences — book value greater than tax (1,025,930) (1,842,450) Asset basis differences — carrying amount value greater than tax (476,990) (299,673) Total deferred tax liabilities (1,502,920) (2,142,123) Net deferred tax asset $ 12,072,118 $ 16,814,737 The Company had Federal NOL carryforwards aggregating approximately $37,859,000 at December 31, 2017, 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 a litigation settlement, discussed in Note 3), losses from the Reis Services business prior to the Merger and the Company’s operating losses prior to the Merger. Approximately $5,140,000 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 $32,719,000 is not subject to the limitation. The enactment of 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 NOLs are expected to be fully utilized in the future. The next NOL expiration for the Company is in 2024 for approximately $2,513,000 of Federal NOLs. Included in the Federal NOLs at December 31, 2017 is approximately $1,723,000 attributable to excess tax deductions on equity award activity in prior years. Prior to January 1, 2017, the tax benefits attributable to those NOLs were credited directly to additional paid in capital when utilized to offset taxes payable. In 2017, these NOLs were recorded on the Company’s consolidated balance sheet upon adoption of ASU 2016-09, The Company and its subsidiaries have been audited by the IRS for the 2012 tax year, which audit was completed in February 2015 with the IRS issuing a no change letter. The 2014, 2015 and 2016 Federal tax returns are open for examination. All prior Federal periods are closed, except to the extent that an NOL was generated in a given year and such NOL was utilized during an open tax year or will be utilized in the future. During the third quarter of 2015, audits of the Company and its consolidated subsidiaries for tax years 2004 through 2006 were completed by New York State resulting in net payments aggregating approximately $16,000 in the period to New York State and New York City. Such amounts had been accrued in prior periods. With few exceptions, the state and local income tax returns are open to examination for the years 2014 through 2016. The Company’s reserve for unrecognized tax benefits, including estimated interest, was $31,000 and $154,000 at December 31, 2017 and 2016, respectively. The unrecognized tax benefits as well as related interest was included in general and administrative expenses. The Company recorded additional expense, including interest, of $3,000 in 2017, a reduction in expense of $(4,000) in 2016 and additional expense, including interest, of $70,000 in 2015. A reconciliation of the unrecognized tax benefits for the years ended December 31, 2017, 2016 and 2015 follows: For the Years Ended December 31, 2017 2016 2015 Balance at beginning of period $ 154,000 $ 159,000 $ 105,000 Additional provision (reduction) and interest related to prior years, net 3,000 (4,000) 70,000 Resolution of matters during the period (126,000) (1,000) (16,000) Balance at end of period $ 31,000 $ 154,000 $ 159,000 The Company expects that a substantial portion of the 2017 balance could be resolved in 2018.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	7. Stockholders’ Equity On August 30, 2016, the Company’s Board of Directors (the “Board”) authorized a program to purchase an aggregate of $5,000,000 of the Company’s common stock. Purchases under the program may be made from time to time in the open market or through privately negotiated transactions. Depending on market conditions, financial developments and other factors, these purchases may be commenced or suspended at any time, or from time to time, without prior notice and may be expanded without prior notice. The Company may make purchases pursuant to a trading plan under Securities Exchange Act Rule 10b5-1, During the years ended December 31, 2017 and 2016, the Company purchased an aggregate of 182,028 and 54,176 shares of common stock for approximately $3,421,000 and $1,144,000, respectively. From the inception of the repurchase program to December 31, 2017, the Company purchased an aggregate of 236,204 shares for approximately $4,565,000, or an average price of $19.33 per share, leaving approximately $435,000 at December 31, 2017 that may be used to purchase additional shares under the repurchase program in the future. During the year ended December 31, 2015, 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 to $0.14 per common share for all four quarters of 2015, and increased the dividend declared and paid to $0.17 per common share for all four quarters of 2016 and 2017. Dividend payments aggregated approximately $7,876,000, $7,747,000 and $6,338,000 for the years ended December 31, 2017, 2016 and 2015, respectively.

Stock Plans and Other Incentive

Stock Plans and Other Incentives	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock Plans and Other Incentives	8. 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 years ended December 31, 2017, 2016 and 2015: For the Years Ended December 31, 2017 2016 2015 Options Weighted- Options Weighted- Options Weighted- Outstanding at beginning of period 530,000 $ 9.64 547,500 $ 9.61 582,500 $ 9.52 Granted — $ — — $ — — $ — Exercised (285,000) $ (10.30) (17,500) $ (8.74) (35,000) $ (8.12) Forfeited/cancelled/expired — $ — — $ — — $ — Outstanding at end of period 245,000 $ 8.88 530,000 $ 9.64 547,500 $ 9.61 Options exercisable at end of period 237,000 $ 8.56 518,000 $ 9.44 531,500 $ 9.35 Weighted average fair value of options granted per year (per option) $ — $ — $ — Weighted average remaining contractual life at end of period 2.9 years 2.0 years 3.0 years The following table presents additional option details at December 31, 2017 and 2016: Options Outstanding and Exercisable Options Outstanding and Exercisable Range of Exercise Prices Outstanding Remaining Weighted Intrinsic Outstanding Remaining Weighted Intrinsic $ 7.50 — — $ — $ — 10,000 0.6 $ 7.50 $ 147,500 $ 8.03 225,000 2.6 $ 8.03 2,840,625 225,000 3.6 $ 8.03 3,200,625 $ 10.40 — — $ — — 275,000 0.4 $ 10.40 3,258,750 $ 18.52 20,000 6.4 $ 18.52 42,600 20,000 7.4 $ 18.52 74,600 245,000 2.9 $ 8.88 $ 2,883,225 530,000 2.0 $ 9.64 $ 6,681,475 (A)  The intrinsic value is the amount by which the fair value of the Company’s stock price exceeds the exercise price of an option at December 31, 2017 and 2016, respectively. For purposes of this calculation, the Company’s closing stock prices were $20.65 and $22.25 per share on December 31, 2017 and 2016, respectively. Dividends are not paid or accrued on unexercised options. RSU Awards The following table presents the changes in RSUs outstanding for the years ended December 31, 2017, 2016 and 2015: For the Years Ended December 31, 2017 2016 2015 Outstanding at beginning of period 281,320 254,041 277,973 Granted 141,937 124,709 83,141 Common stock delivered (A) (B) (C) (95,443) (85,181) (105,970) Forfeited (9,672) (12,249) (1,103) Outstanding at end of period 318,142 281,320 254,041 Intrinsic value (D) $ 6,570,000 $ 6,259,000 $ 6,028,000 (A)  In the 2017 period, all of the vested RSUs were issued as shares. (B)  The 2016 period includes 32,760 shares which were used to settle minimum employee withholding tax obligations for 29 employees of approximately $701,000 in 2016. A net of 52,421 shares of common stock were delivered in 2016. (C)  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. (D)  For purposes of this calculation, the Company’s closing stock prices were $20.65, $22.25 and $23.73 per share on December 31, 2017, 2016 and 2015, respectively.             In the year ended December 31, 2017, an aggregate of 134,926 RSUs were granted to employees, which RSUs vest one-third one-third one-third During the years ended December 31, 2017, 2016 and 2015, an aggregate of 7,011 RSUs, 5,985 RSUs and 5,736 RSUs, respectively, were granted to non-employee non-employee non-employee Option and RSU Expense Information The Company recorded non-cash non-employee At December 31, 2017, the total compensation cost related to outstanding, non-vested For the Year Ended December 31, Options RSUs Total 2018 $ 31,000 $ 1,568,000 $ 1,599,000 2019 12,000 870,000 882,000 2020 — 68,000 68,000 $ 43,000 $ 2,506,000 $ 2,549,000

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Litigation 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 Company is not a party to any litigation that could reasonably be foreseen to be material to the Company. Other Operating Commitments At December 31, 2017, the Company is a tenant under three operating leases for office space; the Company’s corporate headquarters in Midtown Manhattan, New York (which expires in October 2025); for operation teams in White Plains, New York (which expires in June 2023) and a sales office in Laguna Beach, California (which expires in June 2020). Rent expense was approximately $3,706,000, $3,889,000 and $2,207,000 for the years ended December 31, 2017, 2016 and 2015, respectively, which includes base rent plus other charges including, but not limited to, real estate taxes and maintenance costs in excess of base year amounts. The 2016 amount also includes the effect of overlapping leases which created a duplication of rent and other occupancy costs from June 1, 2016 to October 31, 2016. Future minimum lease payments under operating leases at December 31, 2017 are as follows: For the Year Ended December 31, Amount 2018 $ 3,422,000 2019 3,443,000 2020 3,441,000 2021 3,559,000 2022 3,652,000 Thereafter 8,083,000 Total $ 25,600,000 The Company has a defined contribution savings plans pursuant to Section 401 of the Internal Revenue Code. The Company matches contributions up to 2% of employees’ salaries, as then defined, for 2017, 2016 and 2015 (calculated as 50% of the employee’s contribution, capped at 4% of the employee’s salary). The Company made contributions to this plan of approximately $306,000, $289,000 and $259,000 for the years ended December 31, 2017, 2016 and 2015, respectively.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	10. Fair Value of Financial Instruments At December 31, 2017 and 2016, the Company’s financial instruments included receivables, payables, accrued expenses, other liabilities and debt. The fair values of these financial instruments were not materially different from their recorded values at December 31, 2017 and 2016. The Company had no debt outstanding at December 31, 2017 and 2016. See Note 5 for additional information about the Company’s debt.

Summarized Consolidated Quarter

Summarized Consolidated Quarterly Information	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summarized Consolidated Quarterly Information	11. Summarized Consolidated Quarterly Information (Unaudited) Summarized consolidated and condensed quarterly financial information is as follows: (amounts in thousands, except per share amounts) 2017 For the Three Months For the Three Months For the Three Months For the Three Months Total revenue $ 12,126 $ 11,709 $ 12,092 $ 12,263 Net income (loss) $ 535 $ 397 $ 458 $ (4,548) Per share amounts – basic (A): Net income (loss) $ 0.05 $ 0.03 $ 0.04 $ (0.40) Per share amounts – diluted (A): Net income (loss) $ 0.05 $ 0.03 $ 0.04 $ (0.40) Weighted average number of common shares outstanding: Basic 11,447 11,514 11,500 11,468 Diluted 11,776 11,777 11,775 11,468 2016 For the Three Months For the Three Months For the Three Months For the Three Months Total revenue $ 12,824 $ 11,615 $ 11,537 $ 11,554 Net income (loss) $ 1,604 $ 941 $ 466 $ (230) Per share amounts – basic (A): Net income (loss) $ 0.14 $ 0.08 $ 0.04 $ (0.02) Per share amounts – diluted (A): Net income (loss) $ 0.14 $ 0.08 $ 0.04 $ (0.02) Weighted average number of common shares outstanding: Basic 11,284 11,322 11,321 11,294 Diluted 11,726 11,781 11,764 11,294 (A) Aggregate quarterly per share amounts may not equal annual or period to date amounts presented elsewhere in these consolidated financial statements due to rounding differences.

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
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.
Codification and Hierarchy of Generally Accepted Accounting Principles	Codification and the Hierarchy of Generally Accepted Accounting Principles Effective July 1, 2009, the Company adopted the provisions of the Financial Accounting Standards Board (“FASB”) guidance related to the Accounting Standards Codification and the Hierarchy of Generally Accepted Accounting Principles (“GAAP”). This guidance identifies the sources of accepted accounting principles and the framework for selecting the principles used in the preparation of financial statements of nongovernmental entities that are presented in conformity with GAAP in the United States (the GAAP hierarchy).
Discontinued Operations	Discontinued Operations In April 2011, the Company determined that all operational and litigation related activities associated with the prior ownership and development of residential real estate, including certain general and administrative costs that supported the related operations, should be presented as a discontinued operation. As a result of this determination and the fact that these operations and cash flows were clearly distinguished, the operating results of the discontinued segment and related general and administrative costs were aggregated for separate presentation apart from continuing operating results of the Company in the consolidated financial statements for all periods presented. Discontinued operations were completed as of December 31, 2015, therefore there were no discontinued operations activities during the years ended December 31, 2017 and 2016.
Variable Interests	Variable Interests The Company evaluates its investments and subsidiaries to determine if an entity is a voting interest entity or a variable interest entity (“VIE”). The Company performs this analysis on an ongoing basis, or as circumstances change. The Company did not have any VIEs in the years ended December 31, 2017, 2016 and 2015.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all demand and money market accounts and short term investments in government funds with a maturity of three months or less at the date of purchase to be cash and cash equivalents.
Accounts Receivable and Allowance for Doubtful Accounts	Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable are recorded at invoiced amounts and do not bear interest. The allowance for doubtful accounts reflects the Company’s assessment of collectability of outstanding receivables after consideration of the age of a receivable, customer payment history and other current events or economic factors that could affect a customer’s ability to make payments.
Furniture, Fixtures and Equipment	Furniture, Fixtures and Equipment The Company capitalizes costs for the purchase of furniture, fixtures and equipment that have an expected useful life beyond one year. Depreciation expense is calculated on a straight-line basis over the determined useful life of the asset, generally between three and ten years. Depreciation expense is charged to general and administrative expenses and aggregated approximately $1,025,000, $707,000 and $429,000 for the years ended December 31, 2017, 2016 and 2015, respectively.
Intangible Assets, Amortization and Impairment	Intangible Assets, Amortization and Impairment Website Development Costs The Company expenses all internet website costs incurred during the preliminary project stage. Thereafter, all direct external and internal development and implementation costs are capitalized and amortized using the straight-line method over their remaining estimated useful lives, not exceeding three years. Amortization expense for all capitalized website development costs is charged to product development expense. Database Costs The Company capitalizes costs for the development of its database in connection with the identification and addition of new real estate properties and sale transactions which provide a future economic benefit. Amortization is calculated on a straight-line basis over a three or five year period. Costs of updating and maintaining information on existing properties in the database are expensed as incurred. Amortization expense for all capitalized database costs is charged to cost of sales. Customer Relationships The value ascribed to customer relationships acquired at the time of the May 2007 merger (the “Merger”) is amortized over 15 years on an accelerated basis and is charged to sales and marketing expense. Lease Value The value ascribed to the below market terms of the office lease existing at the time of the Merger was amortized on a straight-line basis over the remaining term of the acquired office lease. During 2016 this ascribed value was fully amortized. Amortization expense was charged to general and administrative expenses during 2016 and 2015. Goodwill and Intangible Asset Impairment Goodwill and a major portion of the other intangible assets were recorded at the time of the Merger. As a result of the tax treatment of the Merger, goodwill and the acquired intangible assets are not deductible for income tax purposes. Goodwill is not amortized and is tested for impairment at least annually, or after a triggering event has occurred, requiring such an assessment. A qualitative assessment can be utilized. If the qualitative assessment results in a determination that it is not more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then no further evaluation would be necessary. If, after performing the qualitative assessment, the Company determined that it is more likely than not that the fair value of a reporting unit is less than its carrying amount, including goodwill, then a comparison of the estimated fair value of the reporting unit to which the goodwill has been assigned with the reporting unit’s carrying value is performed. The fair values used in this evaluation would be estimates based upon market projections for the reporting unit. These market projections would utilize a number of estimates and assumptions, such as earnings before interest, taxes, depreciation and amortization (EBITDA) multiples, market comparisons, and quoted market prices. If the fair value of the reporting unit were to exceed its carrying value, goodwill would not be deemed to be impaired. If the fair value of the reporting unit is less than its carrying value, an impairment charge will be recorded based on the difference, with the impairment charge limited to the amount of goodwill allocated to the reporting unit. The Company utilized the qualitative assessment for its 2017, 2016 and 2015 evaluations. There was no goodwill impairment identified in 2017, 2016 and 2015. Intangible assets with determinable useful lives are amortized over their respective estimated useful lives using a method of amortization that reflects the pattern in which the economic benefits of the intangible assets are consumed or otherwise used. In addition, the carrying amount of amortizable intangible assets are reviewed when indicators of impairment are present. If estimated future undiscounted net cash flows are less than the carrying amount of the asset, the asset would be considered impaired. An impairment charge would be determined by comparing the estimated fair value of the intangible asset to its carrying value, with any shortfall from fair value recognized as an expense in the current period. There was no intangible asset impairment identified in 2017, 2016 and 2015.
Deferred Financing Costs	Deferred Financing Costs Deferred financing costs consist of costs incurred to obtain financing or financing commitments and are included in prepaid and other assets on the consolidated balance sheets. Such costs are amortized by the Company over the expected term of the respective agreements.
Fair Value Measurements	Fair Value Measurements The current accounting literature provides for a three-level valuation hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date. A financial instrument’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels are defined as follows: • Level 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets; • Level 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; and • Level 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement. During the years ended December 31, 2017, 2016 and 2015, the Company had no assets or liabilities valued using the valuation hierarchy.
Revenue Recognition and Related Items	Revenue Recognition and Related Items The Company’s subscription revenue is derived principally from subscriptions to its web-based Reis SE Reis Portfolio CRE Reis SE Reis Portfolio CRE Reis Portfolio CRE Reis SE ReisReports The Company’s other revenue includes; (1) non-subscription (2) one-time ad-hoc non-subscription Deferred revenue represents the portion of a subscription billed or collected in advance under the terms of the respective contract, which will be recognized in future periods. If a customer does not meet the payment obligations of a contract, any related accounts receivable and deferred revenue are written off at that time and the net amount, after considering any recovery of accounts receivable, is charged to cost of sales. Cost of sales of subscription revenue principally consists of salaries and related expenses for the Company’s researchers who collect, analyze and maintain the commercial real estate data that is the basis for the Company’s information services. Additionally, cost of sales includes expenses from the amortization of the database intangible asset. Interest revenue is recorded on an accrual basis.
Share Based Compensation	Share Based Compensation The fair market value as of the grant date of awards of stock, restricted stock units or stock options is recognized as compensation expense by the Company over the respective vesting periods. See Note 8 for activity with respect to stock options and restricted stock units.
Income Taxes	Income Taxes Deferred income tax assets and liabilities are determined based upon differences between the financial reporting basis and the tax basis of assets and liabilities, and are measured using the enacted tax rates and laws that are estimated to be in effect when the differences are expected to reverse. Valuation allowances with respect to deferred income tax assets are recorded when deemed appropriate and adjusted based upon periodic evaluations. The Company evaluates its tax positions in accordance with applicable current accounting literature. Recognition of uncertain tax positions (step one) occurs when an enterprise concludes that a tax position, based solely on its technical merits, is more likely than not to be sustained upon examination. Measurement (step two) determines the amount of benefit that more likely than not will be realized upon settlement. Derecognition of a tax position that was previously recognized would occur when a company subsequently determines that a tax position no longer meets the more likely than not threshold of being sustained, statutes close or there is a satisfactory resolution of the tax position. See Note 6 for more information regarding income taxes.
Per Share Data	Per Share Data 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 Years Ended December 31, 2017 2016 2015 Numerator for basic per share calculation: (Loss) income from continuing operations for basic calculation $ (3,158,363) $ 2,780,642 $ 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for basic calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Numerator for diluted per share calculation: (Loss) income from continuing operations $ (3,158,363) $ 2,780,642 $ 8,070,983 Adjustments to (loss) income from continuing operations for the statements of operations impact of dilutive securities — — — (Loss) income from continuing operations for dilution calculation (3,158,363) 2,780,642 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for dilution calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Denominator: Weighted average common shares – basic 11,482,343 11,305,110 11,226,932 Effect of dilutive securities: RSUs — 138,077 142,949 Stock options — 302,329 336,614 Weighted average common shares – diluted 11,482,343 11,745,516 11,706,495 Per common share amounts – basic: (Loss) income from continuing operations $ (0.28) $ 0.25 $ 0.72 Income from discontinued operations — — 0.20 Net (loss) income $ (0.28) $ 0.25 $ 0.92 Per common share amounts – diluted: (Loss) income from continuing operations $ (0.28) $ 0.24 $ 0.69 Income from discontinued operations — — 0.19 Net (loss) income $ (0.28) $ 0.24 $ 0.88 Potentially dilutive securities include all stock based awards. For the years ended December 31, 2017, 2016 and 2015, certain equity awards were antidilutive.
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 9.
New Accounting Pronouncements	New Accounting Pronouncements In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers 2014-09”). 2014-09 2014-09, The Company has completed its assessment of changes from adopting the new standard, which included a detailed review of contractual terms for all of its significant revenue streams. The Company currently recognizes subscription revenue ratably over the subscription period. Under the updated standard, subscriptions represent a series of performance obligations that are delivered over time, primarily on a stand-ready basis. As a result, the Company’s subscription revenue meets the criteria for revenue recognition over time and will continue to be recognized ratably under ASU 2014-09. Additionally, the Company’s evaluation considered the impact of the new standard on accounting for certain incremental costs associated with obtaining contracts with customers, such as commissions and related payroll taxes. The new standard requires these costs to be capitalized and amortized over the estimated life of the asset. Currently, these costs are expensed as incurred. The amortization period associated with such costs is approximately four years for the incremental commission costs associated with acquiring a new customer. For commission costs associated with renewal contracts, the amortization period is the contract term. The Company expects to record, on a pre-tax In February 2016, the FASB issued ASU 2016-02, Leases 2016-02”) . 2016-02 right-of-use 2016-02 2016-02 In March 2016, the FASB issued ASU 2016-09, Compensation-Stock Compensation 2016-09”). 2016-09, 2016-09 2016-09 2016-09. 2016-09 In January 2017, the FASB issued ASU 2017-01, Business Combinations: Clarifying the Definition of a Business 2017-01”). 2017-01 2017-01 In January 2017, the FASB issued ASU 2017-04, Intangibles – Goodwill and Other: Simplifying the Test for Goodwill Impairment 2017-04”). 2017-04 2017-04, 2017-04 2017-04 2017-04

Summary of Significant Accoun20

Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [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 Years Ended December 31, 2017 2016 2015 Numerator for basic per share calculation: (Loss) income from continuing operations for basic calculation $ (3,158,363) $ 2,780,642 $ 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for basic calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Numerator for diluted per share calculation: (Loss) income from continuing operations $ (3,158,363) $ 2,780,642 $ 8,070,983 Adjustments to (loss) income from continuing operations for the statements of operations impact of dilutive securities — — — (Loss) income from continuing operations for dilution calculation (3,158,363) 2,780,642 8,070,983 Income from discontinued operations, net of income tax expense — — 2,234,000 Net (loss) income for dilution calculation $ (3,158,363) $ 2,780,642 $ 10,304,983 Denominator: Weighted average common shares – basic 11,482,343 11,305,110 11,226,932 Effect of dilutive securities: RSUs — 138,077 142,949 Stock options — 302,329 336,614 Weighted average common shares – diluted 11,482,343 11,745,516 11,706,495 Per common share amounts – basic: (Loss) income from continuing operations $ (0.28) $ 0.25 $ 0.72 Income from discontinued operations — — 0.20 Net (loss) income $ (0.28) $ 0.25 $ 0.92 Per common share amounts – diluted: (Loss) income from continuing operations $ (0.28) $ 0.24 $ 0.69 Income from discontinued operations — — 0.19 Net (loss) income $ (0.28) $ 0.24 $ 0.88

Segment Information (Tables)

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2017
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 December 31, 2017 Reis Other (A) Consolidated Assets Current assets: Cash and cash equivalents $ 18,990 $ 681 $ 19,671 Accounts receivable, net 9,745 — 9,745 Prepaid and other assets 502 179 681 Total current assets 29,237 860 30,097 Furniture, fixtures and equipment, net 4,919 — 4,919 Intangible assets, net 19,474 — 19,474 Deferred tax asset, net 285 11,787 12,072 Goodwill 57,203 (2,378) 54,825 Other assets 217 — 217 Total assets $ 111,335 $ 10,269 $ 121,604 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — Accrued expenses and other liabilities 3,421 729 4,150 Deferred revenue 26,534 — 26,534 Total current liabilities 29,955 729 30,684 Other long-term liabilities 2,447 — 2,447 Deferred tax liability, net 34,862 (34,862) — Total liabilities 67,264 (34,133) 33,131 Total stockholders’ equity 44,071 44,402 88,473 Total liabilities and stockholders’ equity $ 111,335 $ 10,269 $ 121,604 Condensed Balance Sheet Data December 31, 2016 Reis Other (A) Consolidated Assets Current assets: Cash and cash equivalents $ 19,903 $ 1,588 $ 21,491 Accounts receivable, net 10,744 — 10,744 Prepaid and other assets 622 170 792 Total current assets 31,269 1,758 33,027 Furniture, fixtures and equipment, net 5,260 — 5,260 Intangible assets, net 17,922 — 17,922 Deferred tax asset, net 285 16,530 16,815 Goodwill 57,203 (2,378) 54,825 Other assets 295 — 295 Total assets $ 112,234 $ 15,910 $ 128,144 Liabilities and stockholders’ equity Current liabilities: Current portion of debt $ — $ — $ — Accrued expenses and other liabilities 3,724 307 4,031 Deferred revenue 25,031 — 25,031 Total current liabilities 28,755 307 29,062 Other long-term liabilities 1,902 — 1,902 Deferred tax liability, net 32,909 (32,909) — Total liabilities 63,566 (32,602) 30,964 Total stockholders’ equity 48,668 48,512 97,180 Total liabilities and stockholders’ equity $ 112,234 $ 15,910 $ 128,144 (A) Includes cash, other assets and liabilities not specifically attributable to or allocable to the Reis Services segment. (amounts in thousands) Condensed Operating Data for the Year Ended December 31, 2017 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 46,802 $ — $ 46,802 Other revenue 1,388 — 1,388 Total revenue 48,190 — 48,190 Cost of sales 12,565 — 12,565 Gross profit 35,625 — 35,625 Operating expenses: Sales and marketing 12,626 — 12,626 Product development 4,696 — 4,696 General and administrative expenses 11,225 4,518 15,743 Total operating expenses 28,547 4,518 33,065 Other income (expenses): Interest and other income 1 2 3 Interest expense (130) — (130) Total other income (expenses) (129) 2 (127) Income (loss) before income taxes $ 6,949 $ (4,516) $ 2,433 Condensed Operating Data for the Year Ended December 31, 2016 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 45,399 $ — $ 45,399 Other revenue 2,131 — 2,131 Total revenue 47,530 — 47,530 Cost of sales 10,999 — 10,999 Gross profit 36,531 — 36,531 Operating expenses: Sales and marketing 11,879 — 11,879 Product development 4,167 — 4,167 General and administrative expenses 11,572 4,093 15,665 Total operating expenses 27,618 4,093 31,711 Other income (expenses): Interest and other income 22 — 22 Interest expense (108) — (108) Total other income (expenses) (86) — (86) Income (loss) before income taxes $ 8,827 $ (4,093 ) $ 4,734 (A) Includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the Reis Services segment. (amounts in thousands) Condensed Operating Data for the Year Ended December 31, 2015 Reis Services Other (A) Consolidated Revenue: Subscription revenue $ 43,722 $ — $ 43,722 Other revenue 7,168 — 7,168 Total revenue 50,890 — 50,890 Cost of sales 9,081 — 9,081 Gross profit 41,809 — 41,809 Operating expenses: Sales and marketing 11,701 — 11,701 Product development 3,711 — 3,711 General and administrative expenses 9,892 4,375 14,267 Total operating expenses 25,304 4,375 29,679 Other income (expenses): Interest and other income 38 — 38 Interest expense (92) — (92) Total other income (expenses) (54) — (54) Income (loss) before income taxes and discontinued operations $ 16,451 $ (4,375) $ 12,076 Income from discontinued operations, before income taxes $ — $ 3,643 $ 3,643 (A) Includes the results of the Company’s discontinued operations for the year ended December 31, 2015 and includes interest and other income, depreciation expense and general and administrative expenses that have not been allocated to the Reis Services segment.
Accounts Receivable Balances	The following table presents the accounts receivable balances of Reis Services at December 31, 2017 and 2016: December 31, 2017 2016 Accounts receivable $ 9,937,000 $ 10,862,000 Allowance for doubtful accounts (192,000) (118,000) Accounts receivable, net $ 9,745,000 $ 10,744,000
Income from Discontinued Operations	Income from discontinued operations was comprised of the following for the year ended December 31, 2015 (there were no discontinued operations activities for the years ended December 31, 2017 and 2016): For the Year Ended Litigation recoveries $ 4,839,000 Other (expenses), net (1,196,000) Income from discontinued operations before income tax 3,643,000 Income tax expense from discontinued operations 1,409,000 Income from discontinued operations, net of income tax expense $ 2,234,000

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2017
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: December 31, 2017 2016 Database $ 33,538,000 $ 28,146,000 Accumulated amortization (23,705,000) (19,974,000) Database, net 9,833,000 8,172,000 Customer relationships 14,100,000 14,100,000 Accumulated amortization (10,182,000) (9,263,000) Customer relationships, net 3,918,000 4,837,000 Website 20,729,000 17,538,000 Accumulated amortization (15,006,000) (12,624,000) Website, net 5,723,000 4,914,000 Intangibles, net $ 19,474,000 $ 17,923,000
Summary Amortization Expense Related to Net Intangible Asset	The Company’s future amortization expense related to the net intangible asset balance at December 31, 2017 follows: For the Year Ended December 31, Amount 2018 $ 7,398,000 2019 5,729,000 2020 3,618,000 2021 1,816,000 2022 868,000 Thereafter 45,000 Total $ 19,474,000

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Components of Income Tax Expense	The components of income tax expense are as follows: For the Years Ended December 31, 2017 2016 2015 Current Federal alternative minimum tax (“AMT”) expense $ 20,000 $ 147,000 $ 303,000 Current state and local tax expense 225,000 40,000 662,000 Deferred Federal tax expense (A) 5,736,000 1,704,000 4,962,000 Deferred state and local tax (benefit) expense (390,000) 62,000 (513,000) Consolidated income tax expense, including taxes attributable to discontinued operations (B) 5,591,000 1,953,000 5,414,000 Less income tax expense attributable to discontinued operations — — 1,409,000 Income tax expense (C) $ 5,591,000 $ 1,953,000 $ 4,005,000 (A)  Includes an AMT (benefit) of $(20,000), $(147,000) and $(303,000) in 2017, 2016 and 2015, respectively. (B)  Includes income tax expense attributable to income from discontinued operations. (C)  Reflects the tax expense from continuing operations as reported on the consolidated statements of operations for the periods presented.
Reconciliation of Income Tax Computed at U.S. Federal Statutory Rate to Income Tax Expense	The reconciliation of income tax computed at the U.S. Federal statutory rate to income tax expense on continuing operations is as follows: For the Years Ended December 31, 2017 2016 2015 Amount Percent Amount Percent Amount Percent Tax expense at U.S. statutory rate $ 851,000 35.00% $ 1,657,000 35.00% $ 4,227,000 35.00% State and local tax expense, net of Federal impact 119,000 4.89% 142,000 3.00% 494,000 4.09% Impact of state and local tax rate change, net of Federal impact 10,000 0.41% 7,000 0.15% (714,000) (5.90%) Impact of Federal rate change 5,142,000 211.38% — — — — Non-deductible 53,000 2.16% 147,000 3.10% (2,000) (0.02%) Windfall tax benefit (584,000) (24.01)% — — — — Income tax expense $ 5,591,000 229.83% $ 1,953,000 41.25% $ 4,005,000 33.17%
Significant Components of Company's Deferred Tax Assets and Liabilities	Significant components of the Company’s deferred tax assets and liabilities are as follows: December 31, 2017 2016 Deferred Tax Assets Net operating loss carryforwards $ 9,952,569 $ 14,561,655 Liability reserves 652,000 792,075 Stock compensation plans 979,947 1,828,185 AMT credit carryforwards 1,736,984 1,717,792 Other 253,538 57,153 13,575,038 18,956,860 Valuation allowance — — Total deferred tax assets 13,575,038 18,956,860 Deferred Tax Liabilities Acquired asset differences — book value greater than tax (1,025,930) (1,842,450) Asset basis differences — carrying amount value greater than tax (476,990) (299,673) Total deferred tax liabilities (1,502,920) (2,142,123) Net deferred tax asset $ 12,072,118 $ 16,814,737
Reconciliation of Unrecognized Tax Benefits	A reconciliation of the unrecognized tax benefits for the years ended December 31, 2017, 2016 and 2015 follows: For the Years Ended December 31, 2017 2016 2015 Balance at beginning of period $ 154,000 $ 159,000 $ 105,000 Additional provision (reduction) and interest related to prior years, net 3,000 (4,000) 70,000 Resolution of matters during the period (126,000) (1,000) (16,000) Balance at end of period $ 31,000 $ 154,000 $ 159,000

Stock Plans and Other Incenti24

Stock Plans and Other Incentives (Tables)	12 Months Ended
	Dec. 31, 2017
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 years ended December 31, 2017, 2016 and 2015: For the Years Ended December 31, 2017 2016 2015 Options Weighted- Options Weighted- Options Weighted- Outstanding at beginning of period 530,000 $ 9.64 547,500 $ 9.61 582,500 $ 9.52 Granted — $ — — $ — — $ — Exercised (285,000) $ (10.30) (17,500) $ (8.74) (35,000) $ (8.12) Forfeited/cancelled/expired — $ — — $ — — $ — Outstanding at end of period 245,000 $ 8.88 530,000 $ 9.64 547,500 $ 9.61 Options exercisable at end of period 237,000 $ 8.56 518,000 $ 9.44 531,500 $ 9.35 Weighted average fair value of options granted per year (per option) $ — $ — $ — Weighted average remaining contractual life at end of period 2.9 years 2.0 years 3.0 years
Summary of Options	The following table presents additional option details at December 31, 2017 and 2016: Options Outstanding and Exercisable Options Outstanding and Exercisable Range of Exercise Prices Outstanding Remaining Weighted Intrinsic Outstanding Remaining Weighted Intrinsic $ 7.50 — — $ — $ — 10,000 0.6 $ 7.50 $ 147,500 $ 8.03 225,000 2.6 $ 8.03 2,840,625 225,000 3.6 $ 8.03 3,200,625 $ 10.40 — — $ — — 275,000 0.4 $ 10.40 3,258,750 $ 18.52 20,000 6.4 $ 18.52 42,600 20,000 7.4 $ 18.52 74,600 245,000 2.9 $ 8.88 $ 2,883,225 530,000 2.0 $ 9.64 $ 6,681,475 (A)  The intrinsic value is the amount by which the fair value of the Company’s stock price exceeds the exercise price of an option at December 31, 2017 and 2016, respectively. For purposes of this calculation, the Company’s closing stock prices were $20.65 and $22.25 per share on December 31, 2017 and 2016, respectively.
Changes in RSUs	The following table presents the changes in RSUs outstanding for the years ended December 31, 2017, 2016 and 2015: For the Years Ended December 31, 2017 2016 2015 Outstanding at beginning of period 281,320 254,041 277,973 Granted 141,937 124,709 83,141 Common stock delivered (A) (B) (C) (95,443) (85,181) (105,970) Forfeited (9,672) (12,249) (1,103) Outstanding at end of period 318,142 281,320 254,041 Intrinsic value (D) $ 6,570,000 $ 6,259,000 $ 6,028,000 (A)  In the 2017 period, all of the vested RSUs were issued as shares. (B)  The 2016 period includes 32,760 shares which were used to settle minimum employee withholding tax obligations for 29 employees of approximately $701,000 in 2016. A net of 52,421 shares of common stock were delivered in 2016. (C)  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. (D)  For purposes of this calculation, the Company’s closing stock prices were $20.65, $22.25 and $23.73 per share on December 31, 2017, 2016 and 2015, respectively.
Total Compensation Cost	For the Year Ended December 31, Options RSUs Total 2018 $ 31,000 $ 1,568,000 $ 1,599,000 2019 12,000 870,000 882,000 2020 — 68,000 68,000 $ 43,000 $ 2,506,000 $ 2,549,000

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Future Minimum Lease Payments under Operating Leases	Future minimum lease payments under operating leases at December 31, 2017 are as follows: For the Year Ended December 31, Amount 2018 $ 3,422,000 2019 3,443,000 2020 3,441,000 2021 3,559,000 2022 3,652,000 Thereafter 8,083,000 Total $ 25,600,000

Summarized Consolidated Quart26

Summarized Consolidated Quarterly Information (Tables)	12 Months Ended
	Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]
Summarized Consolidated and Condensed Quarterly Financial Information	Summarized consolidated and condensed quarterly financial information is as follows: (amounts in thousands, except per share amounts) 2017 For the Three Months For the Three Months For the Three Months For the Three Months Total revenue $ 12,126 $ 11,709 $ 12,092 $ 12,263 Net income (loss) $ 535 $ 397 $ 458 $ (4,548) Per share amounts – basic (A): Net income (loss) $ 0.05 $ 0.03 $ 0.04 $ (0.40) Per share amounts – diluted (A): Net income (loss) $ 0.05 $ 0.03 $ 0.04 $ (0.40) Weighted average number of common shares outstanding: Basic 11,447 11,514 11,500 11,468 Diluted 11,776 11,777 11,775 11,468 2016 For the Three Months For the Three Months For the Three Months For the Three Months Total revenue $ 12,824 $ 11,615 $ 11,537 $ 11,554 Net income (loss) $ 1,604 $ 941 $ 466 $ (230) Per share amounts – basic (A): Net income (loss) $ 0.14 $ 0.08 $ 0.04 $ (0.02) Per share amounts – diluted (A): Net income (loss) $ 0.14 $ 0.08 $ 0.04 $ (0.02) Weighted average number of common shares outstanding: Basic 11,284 11,322 11,321 11,294 Diluted 11,726 11,781 11,764 11,294 (A) Aggregate quarterly per share amounts may not equal annual or period to date amounts presented elsewhere in these consolidated financial statements due to rounding differences.

Summary of Significant Accoun27

Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($)	9 Months Ended	12 Months Ended			27 Months Ended
	Sep. 16, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017
Summary Of Significant Accounting Policies [Line Items]
Variable interest entity		No	No	No
Maturity period of demand and money market accounts and short term investments		Three months or less
Depreciation expense		$ 1,025,092	$ 706,906	$ 429,498
Goodwill impairment identified		0	0	0
Intangible asset impairment		0	0	0
Fair value of assets		0	0	0	$ 0
Fair value of liabilities		$ 0	0	0	$ 0
Subscription contractual period		1 year
Company's share of Mobiuss revenue	50.00%				100.00%
Assets		$ 121,603,733	128,144,541		$ 121,603,733
Liabilities		33,130,383	30,964,625		33,130,383
Cumulative effect change in stockholders' equity			603,381
ASU 2016-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Additional non-current deferred tax asset amount			603,000
Cumulative effect change in stockholders' equity			28,000
Accounting Standards Update 2014-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Assets		3,100,000			3,100,000
Liabilities		800,000			$ 800,000
Cumulative effect adjusted to retained earnings		$ 2,300,000
Minimum [Member] | Furniture and Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Expected useful life of assets		3 years
Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Subscription contractual period		48 months
Maximum [Member] | Furniture and Fixtures [Member]
Summary Of Significant Accounting Policies [Line Items]
Expected useful life of assets		10 years
Customer Relationships [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, amortization period		15 years
Web Site Development [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, amortization period		3 years
Database [Member] | Minimum [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, amortization period		3 years
Database [Member] | Maximum [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, amortization period		5 years
Customer Contracts [Member] | Accounting Standards Update 2014-09 [Member]
Summary Of Significant Accounting Policies [Line Items]
Intangible assets, amortization period		4 years
General and Administrative Expense [Member]
Summary Of Significant Accounting Policies [Line Items]
Depreciation expense		$ 1,025,000	$ 707,000	$ 429,000

Summary of Significant Accoun28

Summary of Significant Accounting Policies - Details of Computation of Earnings per Common Share, Basic and Diluted (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Numerator for basic per share calculation:
(Loss) income from continuing operations for basic calculation									$ (3,158,363)	$ 2,780,642	$ 8,070,983
Income from discontinued operations, net of income tax expense											2,234,000
Net (loss) income for basic calculation	$ (4,548,000)	$ 458,000	$ 397,000	$ 535,000	$ (230,000)	$ 466,000	$ 941,000	$ 1,604,000	(3,158,363)	2,780,642	10,304,983
Numerator for diluted per share calculation:
(Loss) income from continuing operations									(3,158,363)	2,780,642	8,070,983
Adjustments to (loss) income from continuing operations for the statements of operations impact of dilutive securities									0	0	0
(Loss) income from continuing operations for dilution calculation									(3,158,363)	2,780,642	8,070,983
Income from discontinued operations, net of income tax expense											2,234,000
Net (loss) income for dilution calculation									$ (3,158,363)	$ 2,780,642	$ 10,304,983
Denominator:
Weighted average common shares - basic	11,468,000	11,500,000	11,514,000	11,447,000	11,294,000	11,321,000	11,322,000	11,284,000	11,482,343	11,305,110	11,226,932
Effect of dilutive securities:
RSUs										138,077	142,949
Stock options										302,329	336,614
Weighted average common shares - diluted	11,468,000	11,775,000	11,777,000	11,776,000	11,294,000	11,764,000	11,781,000	11,726,000	11,482,343	11,745,516	11,706,495
Per common share amounts - basic:
(Loss) income from continuing operations									$ (0.28)	$ 0.25	$ 0.72
Income from discontinued operations											0.20
Net (loss) income	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14	(0.28)	0.25	0.92
Per common share amounts - diluted:
(Loss) income from continuing operations									(0.28)	0.24	0.69
Income from discontinued operations											0.19
Net (loss) income	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14	$ (0.28)	$ 0.24	$ 0.88

Segment Information - Condensed

Segment Information - Condensed Balance Sheet Data for Segments (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 19,670,613	$ 21,490,586	$ 28,657,956	$ 17,745,077
Accounts receivable, net	9,744,513	10,743,505
Prepaid and other assets	681,039	792,991
Total current assets	30,096,165	33,027,082
Furniture, fixtures and equipment, net	4,919,230	5,260,443
Intangible assets, net	19,474,411	17,922,282
Deferred tax asset, net	12,072,118	16,814,737
Goodwill	54,824,648	54,824,648
Other assets	217,161	295,349
Total assets	121,603,733	128,144,541
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	4,149,363	4,031,444
Deferred revenue	26,533,983	25,031,100
Total current liabilities	30,683,346	29,062,544
Other long-term liabilities	2,447,037	1,902,081
Total liabilities	33,130,383	30,964,625
Total stockholders' equity	88,473,350	97,179,916	$ 101,579,448	$ 96,113,406
Total liabilities and stockholders' equity	121,603,733	128,144,541
Reis Services [Member]
Current assets:
Cash and cash equivalents	18,990,000	19,903,000
Accounts receivable, net	9,745,000	10,744,000
Prepaid and other assets	502,000	622,000
Total current assets	29,237,000	31,269,000
Furniture, fixtures and equipment, net	4,919,000	5,260,000
Intangible assets, net	19,474,000	17,922,000
Deferred tax asset, net	285,000	285,000
Goodwill	57,203,000	57,203,000
Other assets	217,000	295,000
Total assets	111,335,000	112,234,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	3,421,000	3,724,000
Deferred revenue	26,534,000	25,031,000
Total current liabilities	29,955,000	28,755,000
Other long-term liabilities	2,447,000	1,902,000
Deferred tax liability, net	34,862,000	32,909,000
Total liabilities	67,264,000	63,566,000
Total stockholders' equity	44,071,000	48,668,000
Total liabilities and stockholders' equity	111,335,000	112,234,000
Other [Member]
Current assets:
Cash and cash equivalents	681,000	1,588,000
Prepaid and other assets	179,000	170,000
Total current assets	860,000	1,758,000
Deferred tax asset, net	11,787,000	16,530,000
Goodwill	(2,378,000)	(2,378,000)
Total assets	10,269,000	15,910,000
Current liabilities:
Current portion of debt	0	0
Accrued expenses and other liabilities	729,000	307,000
Total current liabilities	729,000	307,000
Deferred tax liability, net	(34,862,000)	(32,909,000)
Total liabilities	(34,133,000)	(32,602,000)
Total stockholders' equity	44,402,000	48,512,000
Total liabilities and stockholders' equity	$ 10,269,000	$ 15,910,000

Segment Information - Condens30

Segment Information - Condensed Operating Data for Segments (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenue:
Subscription revenue									$ 46,801,357	$ 45,398,701	$ 43,722,087
Other revenue									1,388,330	2,131,054	7,168,351
Total revenue	$ 12,263,000	$ 12,092,000	$ 11,709,000	$ 12,126,000	$ 11,554,000	$ 11,537,000	$ 11,615,000	$ 12,824,000	48,189,687	47,529,755	50,890,438
Cost of sales									12,565,299	10,999,146	9,081,624
Gross profit									35,624,388	36,530,609	41,808,814
Operating expenses:
Sales and marketing									12,626,490	11,878,590	11,700,840
Product development									4,696,207	4,167,474	3,711,054
General and administrative expenses									15,742,567	15,664,495	14,267,027
Total operating expenses									33,065,264	31,710,559	29,678,921
Other income (expenses):
Interest and other income									3,141	21,937	37,857
Interest expense									(129,628)	(108,345)	(91,767)
Total other income (expenses)									(126,487)	(86,408)	(53,910)
Income (loss) before income taxes									2,432,637	4,733,642	12,075,983
Income (Loss) from discontinued operations, before income taxes											3,643,000
Reis Services [Member]
Revenue:
Subscription revenue									46,802,000	45,399,000	43,722,000
Other revenue									1,388,000	2,131,000	7,168,000
Total revenue									48,190,000	47,530,000	50,890,000
Cost of sales									12,565,000	10,999,000	9,081,000
Gross profit									35,625,000	36,531,000	41,809,000
Operating expenses:
Sales and marketing									12,626,000	11,879,000	11,701,000
Product development									4,696,000	4,167,000	3,711,000
General and administrative expenses									11,225,000	11,572,000	9,892,000
Total operating expenses									28,547,000	27,618,000	25,304,000
Other income (expenses):
Interest and other income									1,000	22,000	38,000
Interest expense									(130,000)	(108,000)	(92,000)
Total other income (expenses)									(129,000)	(86,000)	(54,000)
Income (loss) before income taxes									6,949,000	8,827,000	16,451,000
Other [Member]
Operating expenses:
General and administrative expenses									4,518,000	4,093,000	4,375,000
Total operating expenses									4,518,000	4,093,000	4,375,000
Other income (expenses):
Interest and other income									2,000
Total other income (expenses)									2,000
Income (loss) before income taxes									$ (4,516,000)	$ (4,093,000)	(4,375,000)
Income (Loss) from discontinued operations, before income taxes											$ 3,643,000

Segment Information - Additiona

Segment Information - Additional Information (Detail)	Oct. 15, 2012USD ($)	Aug. 03, 2012USD ($)	Jun. 20, 2012USD ($)	Mar. 13, 2012USD ($)	Mar. 02, 2018USD ($)	Dec. 31, 2017Subscriber	Dec. 31, 2016USD ($)Subscriber	Dec. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2009aSegment
Segment Reporting Information [Line Items]
Litigation recoveries								$ 4,839,000	$ 5,658,000
Gold Peak [Member]
Segment Reporting Information [Line Items]
Number of units prior to sale | 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
Reis Services [Member]
Segment Reporting Information [Line Items]
Percentage of Reis Service's revenue by major customer						4.40%	6.30%	10.60%
Major customer custom revenue							$ 1,200,000	$ 4,519,000
Number of subscribers contributing largest share among accounts receivable | Subscriber						21	23
Aggregate percentage of subscribers contributing largest share among accounts receivable						51.50%	52.40%
Number of subscribers contributing largest share among major accounts receivable | Subscriber						3	2
Percentage of accounts receivable accounted for by major subscribers						4.00%	4.00%
Percentage of Reis Service's accounts receivable by major subscriber						9.20%	8.30%
Percentage of deferred revenue by major subscriber						6.40%	3.70%
Reis Services [Member] | Subsequent Event [Member]
Segment Reporting Information [Line Items]
Payments received against accounts receivable					$ 7,850,000
Percentage collected from trade accounts receivable					79.00%

Segment Information - Accounts

Segment Information - Accounts Receivable Balances (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Segment Reporting Information [Line Items]
Accounts receivable, net	$ 9,744,513	$ 10,743,505
Reis Services [Member]
Segment Reporting Information [Line Items]
Accounts receivable	9,937,000	10,862,000
Allowance for doubtful accounts	(192,000)	(118,000)
Accounts receivable, net	$ 9,745,000	$ 10,744,000

Segment Information - Income fr

Segment Information - Income from Discontinued Operations (Detail) - USD ($)	12 Months Ended			39 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2015
Segment Reporting [Abstract]
Litigation recoveries			$ 4,839,000	$ 5,658,000
Other (expenses), net			(1,196,000)
Income from discontinued operations before income tax			3,643,000
Income tax expense from discontinued operations	$ 0	$ 0	1,409,000
Income from discontinued operations, net of income tax expense			$ 2,234,000

Intangible Assets - Summary of

Intangible Assets - Summary of Identified Intangible Assets (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Accumulated amortization	$ (48,892,725)	$ (41,861,561)
Intangible assets, net	19,474,411	17,922,282
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	33,538,000	28,146,000
Accumulated amortization	(23,705,000)	(19,974,000)
Intangible assets, net	9,833,000	8,172,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	14,100,000	14,100,000
Accumulated amortization	(10,182,000)	(9,263,000)
Intangible assets, net	3,918,000	4,837,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Intangible assets, gross	20,729,000	17,538,000
Accumulated amortization	(15,006,000)	(12,624,000)
Intangible assets, net	$ 5,723,000	$ 4,914,000

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	$ 7,031,164	$ 5,923,269	$ 5,148,546
Database [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	5,392,000	5,356,000
Amortization expense for intangible assets	3,731,000	2,853,000	2,103,000
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets	919,000	935,000	949,000
Website [Member]
Finite-Lived Intangible Assets [Line Items]
Amount capitalized to intangible asset	3,191,000	2,803,000
Amortization expense for intangible assets	$ 2,381,000	1,955,000	1,793,000
Acquired Below Market Lease [Member]
Finite-Lived Intangible Assets [Line Items]
Amortization expense for intangible assets		$ 180,000	$ 303,000

Intangible Assets - Summary Amo

Intangible Assets - Summary Amortization Expense Related to Net Intangible Asset (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
2,018	$ 7,398,000
2,019	5,729,000
2,020	3,618,000
2,021	1,816,000
2,022	868,000
Thereafter	45,000
Intangible assets, net	$ 19,474,411	$ 17,922,282

Debt - Additional Information (

Debt - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Jan. 28, 2016	Oct. 31, 2012
Debt Instrument [Line Items]
Debt outstanding	$ 0	$ 0
Revolver [Member]
Debt Instrument [Line Items]
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)
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%
2012 Revolver [Member]
Debt Instrument [Line Items]
Amount of revolving credit facility				$ 10,000,000
Expiry period of revolver	3 years
Date of expiry	Oct. 16, 2015
2012 Revolver [Member] | Extended Expiration [Member]
Debt Instrument [Line Items]
Date of expiry	Jan. 31, 2016
2016 Revolver [Member]
Debt Instrument [Line Items]
Amount of revolving credit facility			$ 20,000,000
Date of expiry	Jan. 28, 2019

Income Taxes - Components of In

Income Taxes - Components of Income Tax Expense (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Current Federal alternative minimum tax ("AMT") expense	$ 20,000	$ 147,000	$ 303,000
Current state and local tax expense	225,000	40,000	662,000
Deferred Federal tax expense	5,736,000	1,704,000	4,962,000
Deferred state and local tax (benefit) expense	(390,000)	62,000	(513,000)
Consolidated income tax expense, including taxes attributable to discontinued operations	5,591,000	1,953,000	5,414,000
Less income tax expense attributable to discontinued operations	0	0	1,409,000
Income tax expense	$ 5,591,000	$ 1,953,000	$ 4,005,000

Income Taxes - Components of 39

Income Taxes - Components of Income Tax Expense (Parenthetical) (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Deferred Federal AMT expense (benefit)	$ (20,000)	$ (147,000)	$ (303,000)

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Income Tax Computed at U.S. Federal Statutory Rate to Income Tax Expense (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Tax expense at U.S. statutory rate, Amount	$ 851,000	$ 1,657,000	$ 4,227,000
State and local tax expense, net of Federal impact, Amount	119,000	142,000	494,000
Impact of state and local tax rate change, net of Federal impact, Amount	10,000	7,000	(714,000)
Impact of Federal rate change, Amount	5,142,000
Non-deductible items, Amount	53,000	147,000	(2,000)
Windfall tax benefit, Amount	(584,000)
Income tax expense, Amount	$ 5,591,000	$ 1,953,000	$ 4,005,000
Tax expense at U.S. statutory rate, percent	35.00%	35.00%	35.00%
State and local tax expense, net of Federal impact, percent	4.89%	3.00%	4.09%
Impact of state and local tax rate change, net of Federal impact, percent	0.41%	0.15%	(5.90%)
Impact of Federal rate change, percent	211.38%
Non-deductible items, percent	2.16%	3.10%	(0.02%)
Windfall tax benefit, percent	(24.01%)
Income tax expense, percent	229.83%	41.25%	33.17%

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	Jan. 01, 2018	Sep. 30, 2015	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes Disclosure [Line Items]
Federal corporate income tax rate				35.00%	35.00%	35.00%
Net operating loss carryforwards, expiration				The Company's federal net operating losses that have been incurred prior to December 31, 2017 will continue to have a 20-year carryforward limitation applied and will need to be evaluated for recoverability in the future as such. Net operating losses incurred after December 31, 2017 will have an indefinite life, but usage will be limited to 80% of taxable income in any given year.
Net expense due to re-measurement of net Federal deferred tax assets to lower corporate tax rate				$ 5,142,000
Net deferred tax asset				12,072,118	$ 16,814,737
Aggregate Federal NOL carryforwards				37,859,000
Federal NOLs subject to an annual limitation				5,140,000
Federal NOLs not subject to an annual limitation				32,719,000
Federal NOLs annual limitation				2,779,000
Aggregate Federal NOLs expiring				2,513,000
Federal NOL attributable to excess tax deductions				$ 1,723,000
Expirations of NOL				2,024
Aggregate income tax payments				$ 274,719	722,105	$ 651,502
Unrecognized tax benefits and the related estimate for interest and penalties				31,000	154,000	159,000	$ 105,000
Additional general and administrative expense, including interest				$ 3,000	$ (4,000)	$ 70,000
Subsequent Event [Member]
Income Taxes Disclosure [Line Items]
Percentage of net operating loss carryforwards, limitation	80.00%
Scenario, Plan [Member]
Income Taxes Disclosure [Line Items]
Federal corporate income tax rate			21.00%
New York State and New York City [Member]
Income Taxes Disclosure [Line Items]
Aggregate income tax payments		$ 16,000

Income Taxes - Significant Comp

Income Taxes - Significant Components of Company's Deferred Tax Assets and Liabilities (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred Tax Assets
Net operating loss carryforwards	$ 9,952,569	$ 14,561,655
Liability reserves	652,000	792,075
Stock compensation plans	979,947	1,828,185
AMT credit carryforwards	1,736,984	1,717,792
Other	253,538	57,153
Deferred tax assets, gross	13,575,038	18,956,860
Valuation allowance	0	0
Total deferred tax assets	13,575,038	18,956,860
Deferred Tax Liabilities
Acquired asset differences - book value greater than tax	(1,025,930)	(1,842,450)
Asset basis differences - carrying amount value greater than tax	(476,990)	(299,673)
Total deferred tax liabilities	(1,502,920)	(2,142,123)
Net deferred tax asset	$ 12,072,118	$ 16,814,737

Income Taxes - Reconciliation43

Income Taxes - Reconciliation of Unrecognized Tax Benefits (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Balance at beginning of period	$ 154,000	$ 159,000	$ 105,000
Additional provision (reduction) and interest related to prior years, net	3,000	(4,000)	70,000
Resolution of matters during the period	(126,000)	(1,000)	(16,000)
Balance at end of period	$ 31,000	$ 154,000	$ 159,000

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	3 Months Ended													12 Months Ended			16 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Jun. 30, 2014	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2017	Aug. 30, 2016
Equity [Abstract]
Common stock repurchase authorized																		$ 5,000,000
Repurchase of common stock, shares														182,028	54,176	0	236,204
Repurchase of common stock, value														$ 3,421,337	$ 1,143,913		$ 4,565,000
Common stock repurchase, average price per share																	$ 19.33
Share repurchase program, remaining amount	$ 435,000													$ 435,000			$ 435,000
Dividends declared, per share	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.14	$ 0.14	$ 0.14	$ 0.14	$ 0.11	$ 0.68	$ 0.68	$ 0.56
Dividends paid, per share	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.17	$ 0.14	$ 0.14	$ 0.14	$ 0.14	$ 0.11
Dividend payments, amount														$ 7,876,323	$ 7,746,655	$ 6,337,568

Stock Plans and Other Incenti45

Stock Plans and Other Incentives - Additional Information (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
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
Non-cash compensation expense	$ 2,211,076	$ 2,098,553	$ 1,772,679
Compensation cost expected to be recognized	$ 2,549,000
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	141,937	124,709	83,141
Vesting rights	RSUs vest one-third a year over three years		RSUs vest one-third a year over three years
Compensation cost expected to be recognized	$ 2,506,000
RSU [Member] | Employees [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	134,926	118,724	77,405
Weighted average grant date fair value	$ 18.63	$ 20.22	$ 22.41
RSU [Member] | Non-Employee Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
RSUs granted	7,011	5,985	5,736
Weighted average grant date fair value	$ 19.66	$ 23.04	$ 24.03
Number of months after the termination of service, RSUs delivered to non-employee directors	6 months
Non-cash compensation expense	$ 138,000	$ 138,000	$ 138,000
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 Incenti46

Stock Plans and Other Incentives - Option Activity and Other Plan Data (Detail) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding at beginning of period, Options	530,000	547,500	582,500
Granted, Options	0	0	0
Exercised, Options	(285,000)	(17,500)	(35,000)
Forfeited/cancelled/expired, Options	0	0	0
Outstanding at end of period, Options	245,000	530,000	547,500
Options exercisable at end of period, Options	237,000	518,000	531,500
Weighted average fair value of options granted per year (per option)	$ 0	$ 0	$ 0
Weighted average remaining contractual life at end of period	2 years 9 months 18 days	2 years	3 years
Outstanding at beginning of period, Weighted-Average Exercise Price	$ 9.64	$ 9.61	$ 9.52
Granted, Weighted-Average Exercise Price	0	0	0
Exercised, Weighted-Average Exercise Price	(10.30)	(8.74)	(8.12)
Forfeited/cancelled/expired, Weighted-Average Exercise Price	0	0	0
Outstanding at end of period, Weighted-Average Exercise Price	8.88	9.64	9.61
Options exercisable at end of period, Weighted-Average Exercise Price	$ 8.56	$ 9.44	$ 9.35

Stock Plans and Other Incenti47

Stock Plans and Other Incentives - Summary of Options (Detail) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Outstanding	245,000	530,000	547,500	582,500
Remaining Contractual Life (Years)	2 years 9 months 18 days	2 years
Weighted Average Exercise Price	$ 8.88	$ 9.64	$ 9.61	$ 9.52
Intrinsic Value	$ 2,883,225	$ 6,681,475
Exercise Price Range $7.50 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 7.50
Outstanding		10,000
Remaining Contractual Life (Years)	0 years	7 months 6 days
Weighted Average Exercise Price		$ 7.50
Intrinsic Value		$ 147,500
Exercise Price Range $8.03 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 8.03
Outstanding	225,000	225,000
Remaining Contractual Life (Years)	2 years 7 months 6 days	3 years 7 months 6 days
Weighted Average Exercise Price	$ 8.03	$ 8.03
Intrinsic Value	$ 2,840,625	$ 3,200,625
Exercise Price Range $10.40 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 10.40
Outstanding		275,000
Remaining Contractual Life (Years)	0 years	4 months 24 days
Weighted Average Exercise Price		$ 10.40
Intrinsic Value		$ 3,258,750
Exercise Price Range $18.52 [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Range of Exercise Prices	$ 18.52
Outstanding	20,000	20,000
Remaining Contractual Life (Years)	6 years 4 months 24 days	7 years 4 months 24 days
Weighted Average Exercise Price	$ 18.52	$ 18.52
Intrinsic Value	$ 42,600	$ 74,600

Stock Plans and Other Incenti48

Stock Plans and Other Incentives - Summary of Options (Parenthetical) (Detail) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Closing stock price	$ 20.65	$ 22.25	$ 23.73

Stock Plans and Other Incenti49

Stock Plans and Other Incentives - Changes in RSUs (Detail) - RSU [Member] - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period	281,320	254,041	277,973
Granted	141,937	124,709	83,141
Common stock delivered	(95,443)	(85,181)	(105,970)
Forfeited	(9,672)	(12,249)	(1,103)
Outstanding at end of period	318,142	281,320	254,041
Intrinsic value	$ 6,570,000	$ 6,259,000	$ 6,028,000

Stock Plans and Other Incenti50

Stock Plans and Other Incentives - Changes in RSUs (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2016USD ($)Employee$ / sharesshares	Dec. 31, 2015USD ($)Employee$ / sharesshares	Dec. 31, 2017$ / shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price | $ / shares	$ 22.25	$ 23.73	$ 20.65
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	32,760	41,136
Number of employees withholding tax obligations | Employee	29	28
Employee withholding tax obligations approximate amount | $	$ 701,000	$ 993,000
Common stock delivered, net	52,421	64,834

Stock Plans and Other Incenti51

Stock Plans and Other Incentives - Total Compensation Cost (Detail) $ in Thousands	Dec. 31, 2017USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2,018	$ 1,599
2,019	882
2,020	68
Total compensation cost	2,549
Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2,018	31
2,019	12
Total compensation cost	43
RSU [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
2,018	1,568
2,019	870
2,020	68
Total compensation cost	$ 2,506

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)Lease	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Loss Contingencies [Line Items]
Number of operating leases	3
Rent expense | $	$ 3,706	$ 3,889	$ 2,207
Contributions percentage of employees' salary	2.00%	2.00%	2.00%
Percentage of employees' contribution	50.00%	50.00%	50.00%
Capped percentage of employees' salary	4.00%	4.00%	4.00%
Company contributions | $	$ 306	$ 289	$ 259
Midtown Manhattan [Member]
Loss Contingencies [Line Items]
Number of operating leases	1
Lease expiration date	Oct. 31, 2025
White Plains [Member]
Loss Contingencies [Line Items]
Number of operating leases	1
Lease expiration date	Jun. 30, 2023
Laguna Beach [Member]
Loss Contingencies [Line Items]
Number of operating leases	1
Lease expiration date	Jun. 30, 2020

Commitments and Contingencies53

Commitments and Contingencies - Future Minimum Lease Payments under Operating Leases (Detail)	Dec. 31, 2017USD ($)
Commitments and Contingencies Disclosure [Abstract]
2,018	$ 3,422,000
2,019	3,443,000
2,020	3,441,000
2,021	3,559,000
2,022	3,652,000
Thereafter	8,083,000
Total	$ 25,600,000

Fair Value of Financial Instr54

Fair Value of Financial Instruments - Additional Information (Detail) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Debt outstanding	$ 0	$ 0

Summarized Consolidated Quart55

Summarized Consolidated Quarterly Information - Summarized Consolidated and Condensed Quarterly Financial Information (Detail) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Total revenue	$ 12,263,000	$ 12,092,000	$ 11,709,000	$ 12,126,000	$ 11,554,000	$ 11,537,000	$ 11,615,000	$ 12,824,000	$ 48,189,687	$ 47,529,755	$ 50,890,438
Net income (loss)	$ (4,548,000)	$ 458,000	$ 397,000	$ 535,000	$ (230,000)	$ 466,000	$ 941,000	$ 1,604,000	$ (3,158,363)	$ 2,780,642	$ 10,304,983
Per share amounts - basic:
Net income (loss)	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14	$ (0.28)	$ 0.25	$ 0.92
Per share amounts - diluted:
Net income (loss)	$ (0.40)	$ 0.04	$ 0.03	$ 0.05	$ (0.02)	$ 0.04	$ 0.08	$ 0.14	$ (0.28)	$ 0.24	$ 0.88
Weighted average number of common shares outstanding:
Total revenue	$ 12,263,000	$ 12,092,000	$ 11,709,000	$ 12,126,000	$ 11,554,000	$ 11,537,000	$ 11,615,000	$ 12,824,000	$ 48,189,687	$ 47,529,755	$ 50,890,438
Net income (loss)	$ (4,548,000)	$ 458,000	$ 397,000	$ 535,000	$ (230,000)	$ 466,000	$ 941,000	$ 1,604,000	$ (3,158,363)	$ 2,780,642	$ 10,304,983
Basic	11,468,000	11,500,000	11,514,000	11,447,000	11,294,000	11,321,000	11,322,000	11,284,000	11,482,343	11,305,110	11,226,932
Diluted	11,468,000	11,775,000	11,777,000	11,776,000	11,294,000	11,764,000	11,781,000	11,726,000	11,482,343	11,745,516	11,706,495