Document and Entity Information
Document and Entity Information - shares | 9 Months Ended | |
Sep. 30, 2015 | Oct. 30, 2015 | |
Document and Entity Information [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Period End Date | Sep. 30, 2015 | |
Document Fiscal Year Focus | 2,015 | |
Document Fiscal Period Focus | Q3 | |
Entity Registrant Name | IPASS INC | |
Entity Central Index Key | 1,053,374 | |
Current Fiscal Year End Date | --12-31 | |
Entity Filer Category | Accelerated Filer | |
Entity Common Stock, Shares Outstanding | 64,520,886 |
Condensed Consolidated Balance
Condensed Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Current assets: | ||
Cash and cash equivalents | $ 24,243 | $ 33,814 |
Accounts receivable, net | 10,180 | 10,063 |
Prepaid expenses and other current assets | 2,526 | 4,318 |
Total current assets | 36,949 | 48,195 |
Property and equipment, net | 4,582 | 6,213 |
Other assets | 612 | 847 |
Total assets | 42,143 | 55,255 |
Current liabilities: | ||
Accounts payable | 6,994 | 7,301 |
Accrued liabilities | 6,773 | 7,188 |
Deferred revenue, short-term | 2,272 | 437 |
Total current liabilities | 16,039 | 14,926 |
Deferred revenue, long-term | 245 | 115 |
Vendor financed property and equipment | 0 | 854 |
Other long-term liabilities | 1,018 | 879 |
Total liabilities | 17,302 | 16,774 |
Stockholders’ equity: | ||
Common stock | 65 | 65 |
Additional paid-in capital | 219,973 | 220,368 |
Accumulated deficit | (195,197) | (181,952) |
Total stockholders’ equity | 24,841 | 38,481 |
Total liabilities and stockholders’ equity | $ 42,143 | $ 55,255 |
Condensed Consolidated Balance3
Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Statement of Financial Position [Abstract] | ||
Accounts receivable, allowance for doubtful accounts | $ 81 | $ 172 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Statement of Comprehensive Income [Abstract] | ||||
Revenue | $ 14,985 | $ 17,250 | $ 47,138 | $ 52,649 |
Cost of revenue and operating expenses: | ||||
Network access costs | 7,186 | 7,584 | 20,899 | 22,462 |
Network operations | 2,169 | 3,093 | 7,629 | 10,146 |
Research and development | 2,456 | 2,853 | 7,948 | 9,114 |
Sales and marketing | 2,506 | 3,548 | 8,072 | 12,325 |
General and administrative | 3,067 | 4,286 | 11,274 | 13,287 |
Restructuring charges and related adjustments | 916 | 715 | 4,179 | 745 |
Total cost of revenue and operating expenses | 18,300 | 22,079 | 60,001 | 68,079 |
Operating loss | (3,315) | (4,829) | (12,863) | (15,430) |
Interest expense, net | (12) | (29) | (50) | (95) |
Foreign exchange gain (loss), net | (72) | 45 | (1) | (132) |
Other gain (loss), net | 0 | 345 | (135) | 345 |
Loss from continuing operations before income taxes | (3,399) | (4,468) | (13,049) | (15,312) |
(Provision for) benefit from income taxes | (29) | 1,355 | (196) | 5,538 |
Net loss from continuing operations | (3,428) | (3,113) | (13,245) | (9,774) |
Net income (loss) from discontinued operations (Note 11) | 0 | (1,296) | 0 | 20,693 |
Total net income (loss) | (3,428) | (4,409) | (13,245) | 10,919 |
Total comprehensive net income (loss) | $ (3,428) | $ (4,409) | $ (13,245) | $ 10,919 |
Total income (loss) per share - basic and diluted | ||||
Continuing operations (USD per share) | $ (0.05) | $ (0.05) | $ (0.21) | $ (0.16) |
Discontinued operations (USD per share) | 0 | (0.02) | 0 | 0.33 |
Total net income (loss) per share (USD per share) | $ (0.05) | $ (0.07) | $ (0.21) | $ 0.17 |
Weighted average shares outstanding - basic and diluted | 62,979,830 | 62,696,930 | 62,862,144 | 62,507,683 |
Condensed Consolidated Stateme5
Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 9 Months Ended | |
Sep. 30, 2015 | Sep. 30, 2014 | |
Cash flows from operating activities: | ||
Net income (loss) | $ (13,245) | $ 10,919 |
Adjustments to reconcile net income (loss) to net cash used in operating activities: | ||
Gain on sale of discontinued operations | 0 | (25,014) |
Stock-based compensation (benefit) expense | (522) | 1,107 |
Depreciation and amortization | 2,214 | 2,539 |
Deferred income taxes | 7 | (2) |
Loss on disposal of property and equipment | 4 | 36 |
Recovery of doubtful accounts | (32) | (108) |
Changes in operating assets and liabilities: | ||
Accounts receivable | (86) | 519 |
Prepaid expenses and other current assets | 235 | 847 |
Other assets | 235 | 10 |
Accounts payable | (251) | (903) |
Accrued liabilities | (437) | (2,399) |
Deferred revenue | 1,965 | (548) |
Other liabilities | 139 | 763 |
Net cash used in operating activities | (9,774) | (12,234) |
Cash flows from investing activities: | ||
Purchases of property and equipment | (642) | (1,112) |
Proceeds from sale of discontinued operations | 0 | 26,750 |
Release of cash held in escrow and change in restricted cash | 1,550 | 100 |
Net cash provided by investing activities | 908 | 25,738 |
Cash flows from financing activities: | ||
Net proceeds from issuance of common stock | 127 | 184 |
Principal payments for vendor financed property and equipment | (832) | (590) |
Net cash used in financing activities | (705) | (406) |
Net (decrease) increase in cash and cash equivalents | (9,571) | 13,098 |
Cash and cash equivalents at beginning of period | 33,814 | 24,017 |
Cash and cash equivalents at end of period | 24,243 | 37,115 |
Supplemental disclosures of cash flow information: | ||
Net cash paid for taxes | 51 | 220 |
Vendor financing of property and equipment | 56 | 20 |
Vendor Financed Computer Software and Hardware | $ 0 | $ 501 |
Basis of Presentation and Recen
Basis of Presentation and Recent Accounting Pronouncements | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Basis of Presentation and Recent Accounting Pronouncements | Basis of Presentation and Recent Accounting Pronouncements Basis of Presentation The Condensed Consolidated Financial Statements include the accounts of iPass Inc. and its wholly owned subsidiaries ("iPass" and the “Company”). The Condensed Consolidated Financial Statements that accompany these notes have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) consistent in all material respects with those applied in the Company’s Annual Report on Form 10-K as of and for the year ended December 31, 2014. The Condensed Consolidated Financial Statements as of and for December 31, 2014, were derived from audited financial statements but do not include all disclosures required by GAAP. The interim financial information is unaudited but reflects all normal adjustments that are, in the opinion of management, necessary to provide a fair presentation for the interim periods presented. This interim financial information should be read in conjunction with the Consolidated Financial Statements and the Notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. The results of operations for the three and nine months ended September 30, 2015 are not necessarily indicative of the operating results for the full fiscal year or any future periods. The preparation of the condensed consolidated financial statements in conformity with GAAP requires management to make estimates and judgments that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results that the Company experiences may differ materially from those estimates. Estimates are used for, but not limited to, the valuation of accounts receivables, other long-lived assets, recognition of deferred revenue, network access costs, stock-based compensation, legal contingencies, and income taxes. The Company reports total comprehensive net income (loss) in a single continuous financial statement within its Condensed Consolidated Statements of Operations and Comprehensive Income (Loss). The Company’s comprehensive net income (loss) is equivalent to its total net income (loss) because the Company does not have any transactions that are recorded through other comprehensive income (loss). The Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) have been reclassified for all periods presented to reflect discontinued operations treatment (refer to Note 11 for discussion related to Divestiture of Business Segment). Recent Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-05, “Customer's Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. Under application of this guidance, if a cloud computing arrangement includes a software license, the update specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. A customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. ASU No. 2015-05 is effective for 2016 and early adoption is allowed. The Company is currently assessing the impact of this update and the timing of adoption. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” Under this guidance, an entity is required to recognize revenue upon transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. As such, an entity will need to use more judgment and make more estimates than under the current guidance. Under application of the existing guidance, the Company’s sales made to distributors and retailers are generally deferred until the distributors or retailers sell the merchandise to their end customer. Under the new standard, the Company’s sales made to distributors and retailers are expected to be recognized upon transfer of inventory to the distributor or retailer resulting in earlier revenue recognition than per existing guidance with additional use of estimation. In August 2015, the FASB issued ASU No. 2015-14, which defers by one year the effective date of ASU No. 2014-09. The Company is currently evaluating the appropriate transition method, timing of adoption and any further impact of this guidance on its Consolidated Financial Statements and related disclosures. |
Financial Instruments and Fair
Financial Instruments and Fair Value | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Financial Instruments and Fair Value | Financial Instruments and Fair Value Fair value is the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction in the principal or most advantageous market between market participants at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded at fair value, the Company considers assumptions that market participants would use when pricing the asset or liability. Fair Value Hierarchy The three levels of inputs that may be used to measure fair value are as follows: • Level 1—Quoted prices in active markets for identical assets or liabilities; • Level 2—Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; and • Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. The recurring fair value measurements of these financial assets (excluding cash) were determined using the following inputs at September 30, 2015 , and December 31, 2014 , respectively: As of September 30, 2015 As of December 31, 2014 Fair Value Measured Using Total Balance Fair Value Measured Using Total Balance Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Financial assets Money market funds (1) $ 20,315 $ — $ — $ 20,315 $ 29,306 $ — $ — $ 29,306 Total financial assets $ 20,315 $ — $ — $ 20,315 $ 29,306 $ — $ — $ 29,306 (1) Held in cash and cash equivalents on the Company’s condensed consolidated balance sheets. There were no transfers between Levels 1, 2, and 3 from December 31, 2014 through September 30, 2015 . As of September 30, 2015 and December 31, 2014 , the carrying amounts of accounts receivable, accounts payable, and accrued liabilities approximated fair value due to their short maturities (refer to Note 6 and 7 for discussion related to Accrued Restructuring and Vendor Financed Property and Equipment). |
Property and Equipment, Net
Property and Equipment, Net | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Property and Equipment, Net | Property and Equipment, net Property and equipment, net, consisted of the following: September 30, December 31, 2014 (In thousands) Equipment $ 10,426 $ 10,242 Furniture and fixtures 322 1,923 Computer software 9,884 9,356 Construction in progress — 306 Leasehold improvements 460 912 21,092 22,739 Less: Accumulated depreciation and amortization (16,510 ) (16,526 ) Property and equipment, net $ 4,582 $ 6,213 For the three and nine months ended September 30, 2015, depreciation expense for continuing operations was approximately $0.7 million and $ 2.2 million , respectively. For the three and nine months ended September 30, 2014, depreciation expense for continuing operations was approximately and $0.8 million and $2.4 million respectively. Depreciation expense for discontinued operations was less than $0.1 million for each of three and nine months ended September 30, 2014. During the three and nine months ended September 30, 2015, the Company retired gross property and equipment related to continuing operations of approximately $0 and $2.2 million , respectively, and during the three and nine months ended September 30, 2014 approximately $0.9 million and $2.2 million , respectively, all of which was nearly fully depreciated. In connection with the sale of discontinued operations, the Company sold approximately $2.0 million of gross property and equipment related to discontinued operations. |
Other Assets
Other Assets | 9 Months Ended |
Sep. 30, 2015 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Other Assets | Other Assets Other assets (non-current) consisted of the following: September 30, 2015 December 31, 2014 (In thousands) Deposits $ 478 $ 563 Long-term deferred tax assets, net 134 134 Restricted cash — 150 $ 612 $ 847 |
Accrued Liabilities
Accrued Liabilities | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Accrued Liabilities | Accrued Liabilities Accrued liabilities consisted of the following: September 30, 2015 December 31, 2014 (In thousands) Accrued tax liabilities $ 1,287 $ 1,300 Accrued restructuring liabilities (1) 952 160 Accrued bonus, commissions and other employee benefits 1,330 2,043 Accrued vendor financed property and equipment (2) 854 832 Amounts due to customers 833 1,016 Other accrued liabilities 1,517 1,837 $ 6,773 $ 7,188 (1) See Note 6 "Accrued Restructuring" (2) See Note 7 "Vendor Financed Property and Equipment" |
Accrued Restructuring
Accrued Restructuring | 9 Months Ended |
Sep. 30, 2015 | |
Restructuring and Related Activities [Abstract] | |
Accrued Restructuring | Accrued Restructuring During the year ended December 31, 2009, the Company announced restructuring plans (the “2009 Plans”) to reduce operating costs and focus resources on key strategic priorities, which resulted in a workforce reduction of 146 positions across all functional areas and abandonment of certain facilities and termination of a contract obligation. As of September 30, 2015, the Company completed all of the related payments associated with the 2009 Plans. During the third quarter of 2014, the Company announced a restructuring plan (the "Q3 2014 Plan") to re-align its cost structure as a result of the divestiture of its Unity business, which resulted in workforce reduction of approximately 20 employees worldwide and the termination of lease contracts for certain leased facilities. The Company recorded approximately $0.7 million of restructuring charges at the third quarter of 2014, and as of September 30, 2015 the Company has completed all of the related payments associated with the Q3 2014 Plan. During the second quarter of 2015, the Company announced a restructuring plan (the "Q2 2015 Plan") intended to flatten the organization, create a more nimble sales and delivery infrastructure to support a SaaS go to market strategy, and accelerate the cash flow break-even point for the Company. The Q2 2015 Plan reduced headcount globally by approximately 14% and the Company recorded approximately $4.2 million of restructuring charges, which included an additional $0.9 million in the third quarter of 2015 related to severance obligations for certain international employees. The following is a rollforward of restructuring liability for the Plans: Three Months Ended September 30, 2015 2014 (In thousands) Beginning balance $ 1,833 $ 181 Restructuring charges and related adjustments 916 715 Payments and adjustments (1,797 ) (544 ) Ending balance $ 952 $ 352 Nine Months Ended September 30, 2015 2014 (In thousands) Beginning balance $ 160 $ 317 Restructuring charges and related adjustments 4,179 745 Payments and adjustments (3,387 ) (710 ) Ending balance $ 952 $ 352 As of September 30, 2015, the balance primarily represents remaining employee termination obligations, the majority of which are expected to be paid in the fourth quarter of 2015. There is no long-term restructuring liability as of September 30, 2015. |
Vendor Financed Property and Eq
Vendor Financed Property and Equipment | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Vendor Financed Property and Equipment | Vendor Financed Property and Equipment In October 2013, the Company acquired enterprise database software and infrastructure hardware. This purchase was financed through a vendor and is payable over three years. In April 2014, the Company acquired additional enterprise infrastructure hardware which was financed through the vendor and is payable over two years. The total purchases financed by the vendor were approximately $3.1 million . Since October 2013, the Company made approximately $2.2 million of principal payments, and as of September 30, 2015, approximately $ 0.9 million was recorded to accrued liabilities. The Company expects to pay principal payments of $0.3 million and $0.6 million during fourth quarter 2015 and in fiscal year 2016, respectively. |
Commitments and Contingencies
Commitments and Contingencies | 9 Months Ended |
Sep. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Commitments and Contingencies | Commitments and Contingencies Lease and Purchase Commitments The Company leases facilities under operating leases that expire at various dates through October 2020. Future minimum lease payments under these operating leases as of September 30, 2015, are as follows: Year Operating Leases (In thousands) Remainder of 2015 $ 452 2016 1,671 2017 1,494 2018 1,091 2019 1,082 Thereafter 1,017 $ 6,807 The Company has contracts with certain network service providers which have minimum purchase commitments that expire on various dates through October 2017 . Future minimum purchase commitments as of September 30, 2015, under all agreements are as follows: Year Minimum Purchase Commitments (In thousands) Remainder of 2015 $ 2,665 2016 4,431 2017 1,851 $ 8,947 Included above, the Company has a future minimum purchase commitment of approximately $0.2 million related to an annual support fee for acquired enterprise infrastructure hardware to be paid over the next year, plus vendor financed property and equipment payments of $0.3 million and $0.6 million for the remainder of fiscal year 2015 and fiscal year 2016, respectively. Legal Proceedings The Company is involved in legal proceedings and claims arising in the ordinary course of business. While there can be no assurances as to the ultimate outcome of any litigation involving the Company, management does not believe any such pending legal proceeding or claim will result in a judgment or settlement that would have a material adverse effect on the Company’s financial position, results of operations or cash flows. In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, business partners, and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company, or from intellectual property infringement claims made by third-parties. Certain indemnification agreements may not be subject to maximum loss clauses. If the potential loss from any indemnification claim is considered probable and the amount or the range of the loss can be estimated, the Company accrues a liability for the estimated loss. To date, claims under such indemnification provisions have not been significant. |
Net Income (Loss) Per Common Sh
Net Income (Loss) Per Common Share | 9 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Net Income (Loss) Per Common Share | Net Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) available to shareholders by the weighted average number of shares outstanding during the period. Diluted net income (loss) per share is computed by dividing net income (loss) available to shareholders by the weighted average number of diluted shares outstanding. Unvested participating securities that vest based on service are included in the weighted daily average number of shares outstanding used in the calculation of basic net income per share and excluded in the calculation of basic net loss per share. When an entity has a loss from continuing operations, including potential shares in the denominator of diluted per-share computations for continuing operations will generally be antidilutive, even if the entity has net income after adjusting for discontinued operations. That is, including potential shares in the denominator of the earnings per share calculation for a loss-making entity will generally decrease the loss per share and therefore those shares should be excluded from calculations of diluted earnings per share. Accordingly, for all periods presented, basic weighted-average shares outstanding were used in calculating the diluted net income (loss) per share. The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In thousands, except share and per share amounts) Numerator: Net loss from continuing operations $ (3,428 ) $ (3,113 ) $ (13,245 ) $ (9,774 ) Net income (loss) from discontinued operations — (1,296 ) — 20,693 Net income (loss) $ (3,428 ) $ (4,409 ) $ (13,245 ) $ 10,919 Denominator: Weighted average shares outstanding - basic and diluted 62,979,830 62,696,930 62,862,144 62,507,683 Total income (loss) per share - basic and diluted: Continuing operations $ (0.05 ) $ (0.05 ) $ (0.21 ) $ (0.16 ) Discontinued operations — (0.02 ) — 0.33 Total net income (loss) per share $ (0.05 ) $ (0.07 ) $ (0.21 ) $ 0.17 The following weighted average potential shares of common stock have been excluded from the computation of diluted net income (loss) per share because the effect of including these shares would have been anti-dilutive: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Options to purchase common stock 6,778,265 4,926,571 5,498,476 4,830,072 Restricted stock awards, including participating securities 1,657,500 1,838,500 1,907,500 2,195,750 Total 8,435,765 6,765,071 7,405,976 7,025,822 |
Segment and Geographical Inform
Segment and Geographical Information | 9 Months Ended |
Sep. 30, 2015 | |
Segment Reporting [Abstract] | |
Segment and Geographical Information | Segment and Geographical Information The Company sold its iPass Unity Network Services business segment during the second quarter of 2014 and has subsequently managed the business as a single reportable segment which it refers to as Mobility Services. The following table presents comparative percent of revenue from continuing operations by country or by geographic region. Mobility Services Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 United States 43 % 35 % 40 % 35 % EMEA 48 % 49 % 50 % 48 % Asia Pacific 8 % 14 % 9 % 15 % Rest of the World 1 % 2 % 1 % 2 % For the three months ended September 30, 2015, the United States and Germany accounted for 43% and 15% of total revenues, respectively. For nine months ended September 30, 2015, the United States, Germany and the United Kingdom represented 40% , 15% and 10% of total revenues, respectively. No other country represented 10% or more of total revenue during those periods. One customer represented 10% and 11% of total revenues for the three and nine months ended September 30, 2015, respectively, and no other individual customer accounted for 10% or more of total revenues during those periods. For the three months ended September 30, 2014, the United States, Germany and the United Kingdom represented 35% , 12% and 11% of total revenue, respectively. For the nine months ended September 30, 2014, the United States, Germany and the United Kingdom represented 35% , 11% and 12% of total revenue, respectively. No other country represented 10% or more of total revenue for those periods. No individual customer represented 10% or more of total revenue for the three months and nine months ended September 30, 2014. Substantially all of the Company’s long-lived assets are located in the United States. |
Divestiture of Business Segment
Divestiture of Business Segment | 9 Months Ended |
Sep. 30, 2015 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestiture of Business Segment | Divestiture of Business Segment During the second quarter of 2014, the Company entered into an agreement and completed the sale of its Unity business segment for gross cash proceeds of approximately $28.1 million and accrued approximately $2.2 million of transaction costs which were fully paid in 2014. The Company recorded a gain on sale of approximately $25.0 million . In accordance with ASC 205-20, the results of operations for the Unity business segment have been reported as discontinued operations in the Company's condensed consolidated financial statements. The gross cash proceeds of the sale included $1.4 million placed in escrow as of June 30, 2014 to cover any contingent claims made by the buyer against iPass through June 30, 2015, which was recorded in Prepaid Expenses and Other Current Assets. There were no claims made against the escrow and the cash proceeds were released to the Company effective June 30, 2015. Tax provision expense of approximately $1.3 million and $5.8 million was recorded to discontinued operations for the three and nine months ended September 30, 2014, respectively. This primarily reflects tax provision expense from discontinued operations for the three and nine months ended September 30, 2014, offset by tax provision benefit from continuing operations of $1.4 million and $5.8 million , respectively, which represents the Company’s ability to utilize net operating losses to offset tax associated with the gain on the sale of the Unity business. The following table presents revenues and the components of discontinued operations, net of tax. Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In thousands) Revenue $ — $ — $ — $ 15,458 Income from discontinued operations before income taxes $ — $ — $ — $ 1,506 Gain on sale of discontinued operations before income taxes — — — 25,014 Provision for income taxes — (1,296 ) — (5,827 ) Income (loss) from discontinued operations, net of tax $ — $ (1,296 ) $ — $ 20,693 The table above excludes certain shared overhead costs and transfer pricing adjustments that were previously allocated to the Unity business segment in the historical iPass consolidated financial statements that were filed with the Securities and Exchange Commission ("SEC") as ASC 205-20 prohibits the allocation of general overhead costs to the discontinued operation. The provisions for income taxes primarily reflect tax expense on discontinued operations including the gain on sale, which is mostly offset by benefit in continuing operations. |
Subsequent Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2015 | |
Subsequent Events [Abstract] | |
Subsequent Events | Subsequent Events On November 3, 2015, the Board authorized a share repurchase program of up to $3.0 million of the Company’s Common Stock beginning in the fourth quarter of 2015. Under the repurchase program, the Company is authorized to repurchase shares through open market purchases, in accordance with applicable federal securities laws, including through trading plans under Rule 10b5-1 of the Securities and Exchange Act of 1934. The repurchase program shall run through December 31, 2016, unless earlier completed or terminated by the Board. The number of shares to be purchased and the timing of purchases will be based on general business and market conditions, and other factors, including legal requirements. |
Basis of Presentation and Rec18
Basis of Presentation and Recent Accounting Pronouncements (Policies) | 9 Months Ended |
Sep. 30, 2015 | |
Accounting Policies [Abstract] | |
Recent Accounting Pronouncements | Recent Accounting Pronouncements In April 2015, the FASB issued ASU No. 2015-05, “Customer's Accounting for Fees Paid in a Cloud Computing Arrangement.” The amendments in this update provide guidance to customers about whether a cloud computing arrangement includes a software license. Under application of this guidance, if a cloud computing arrangement includes a software license, the update specifies that the customer should account for the software license element of the arrangement consistent with the acquisition of other software licenses. A customer should account for a cloud computing arrangement as a service contract if the arrangement does not include a software license. ASU No. 2015-05 is effective for 2016 and early adoption is allowed. The Company is currently assessing the impact of this update and the timing of adoption. In May 2014, the FASB issued ASU No. 2014-09, “Revenue from Contracts with Customers.” Under this guidance, an entity is required to recognize revenue upon transfer of promised goods or services to customers, in an amount that reflects the expected consideration received in exchange for those goods or services. As such, an entity will need to use more judgment and make more estimates than under the current guidance. Under application of the existing guidance, the Company’s sales made to distributors and retailers are generally deferred until the distributors or retailers sell the merchandise to their end customer. Under the new standard, the Company’s sales made to distributors and retailers are expected to be recognized upon transfer of inventory to the distributor or retailer resulting in earlier revenue recognition than per existing guidance with additional use of estimation. In August 2015, the FASB issued ASU No. 2015-14, which defers by one year the effective date of ASU No. 2014-09. The Company is currently evaluating the appropriate transition method, timing of adoption and any further impact of this guidance on its Consolidated Financial Statements and related disclosures. |
Financial Instruments and Fai19
Financial Instruments and Fair Value (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Fair Value Disclosures [Abstract] | |
Fair Value of Financial Assets (Excluding Cash) and Financial Liabilities | The recurring fair value measurements of these financial assets (excluding cash) were determined using the following inputs at September 30, 2015 , and December 31, 2014 , respectively: As of September 30, 2015 As of December 31, 2014 Fair Value Measured Using Total Balance Fair Value Measured Using Total Balance Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 (In thousands) Financial assets Money market funds (1) $ 20,315 $ — $ — $ 20,315 $ 29,306 $ — $ — $ 29,306 Total financial assets $ 20,315 $ — $ — $ 20,315 $ 29,306 $ — $ — $ 29,306 (1) Held in cash and cash equivalents on the Company’s condensed consolidated balance sheets. |
Property and Equipment, Net (Ta
Property and Equipment, Net (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Property, Plant and Equipment [Abstract] | |
Components of Property and Equipment, Net | Property and equipment, net, consisted of the following: September 30, December 31, 2014 (In thousands) Equipment $ 10,426 $ 10,242 Furniture and fixtures 322 1,923 Computer software 9,884 9,356 Construction in progress — 306 Leasehold improvements 460 912 21,092 22,739 Less: Accumulated depreciation and amortization (16,510 ) (16,526 ) Property and equipment, net $ 4,582 $ 6,213 |
Other Assets (Tables)
Other Assets (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
Components of Other Assets | Other assets (non-current) consisted of the following: September 30, 2015 December 31, 2014 (In thousands) Deposits $ 478 $ 563 Long-term deferred tax assets, net 134 134 Restricted cash — 150 $ 612 $ 847 |
Accrued Liabilities (Tables)
Accrued Liabilities (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Payables and Accruals [Abstract] | |
Schedule of Accrued Liabilities | Accrued liabilities consisted of the following: September 30, 2015 December 31, 2014 (In thousands) Accrued tax liabilities $ 1,287 $ 1,300 Accrued restructuring liabilities (1) 952 160 Accrued bonus, commissions and other employee benefits 1,330 2,043 Accrued vendor financed property and equipment (2) 854 832 Amounts due to customers 833 1,016 Other accrued liabilities 1,517 1,837 $ 6,773 $ 7,188 (1) See Note 6 "Accrued Restructuring" (2) See Note 7 "Vendor Financed Property and Equipment" |
Accrued Restructuring (Tables)
Accrued Restructuring (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Restructuring and Related Activities [Abstract] | |
Summary of Accrued Restructuring | The following is a rollforward of restructuring liability for the Plans: Three Months Ended September 30, 2015 2014 (In thousands) Beginning balance $ 1,833 $ 181 Restructuring charges and related adjustments 916 715 Payments and adjustments (1,797 ) (544 ) Ending balance $ 952 $ 352 Nine Months Ended September 30, 2015 2014 (In thousands) Beginning balance $ 160 $ 317 Restructuring charges and related adjustments 4,179 745 Payments and adjustments (3,387 ) (710 ) Ending balance $ 952 $ 352 |
Commitments and Contingencies (
Commitments and Contingencies (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Commitments and Contingencies Disclosure [Abstract] | |
Schedule of Future Minimum Lease Payments | The Company leases facilities under operating leases that expire at various dates through October 2020. Future minimum lease payments under these operating leases as of September 30, 2015, are as follows: Year Operating Leases (In thousands) Remainder of 2015 $ 452 2016 1,671 2017 1,494 2018 1,091 2019 1,082 Thereafter 1,017 $ 6,807 |
Schedule of Future Minimum Purchase Commitments | Future minimum purchase commitments as of September 30, 2015, under all agreements are as follows: Year Minimum Purchase Commitments (In thousands) Remainder of 2015 $ 2,665 2016 4,431 2017 1,851 $ 8,947 |
Net Income (Loss) Per Common 25
Net Income (Loss) Per Common Share (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Earnings Per Share [Abstract] | |
Schedule of Computation of Basic and Diluted Net Loss Per Share | The following table sets forth the computation of basic and diluted net income (loss) per share: Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In thousands, except share and per share amounts) Numerator: Net loss from continuing operations $ (3,428 ) $ (3,113 ) $ (13,245 ) $ (9,774 ) Net income (loss) from discontinued operations — (1,296 ) — 20,693 Net income (loss) $ (3,428 ) $ (4,409 ) $ (13,245 ) $ 10,919 Denominator: Weighted average shares outstanding - basic and diluted 62,979,830 62,696,930 62,862,144 62,507,683 Total income (loss) per share - basic and diluted: Continuing operations $ (0.05 ) $ (0.05 ) $ (0.21 ) $ (0.16 ) Discontinued operations — (0.02 ) — 0.33 Total net income (loss) per share $ (0.05 ) $ (0.07 ) $ (0.21 ) $ 0.17 |
Schedule of Anti-dilutive Shares Excluded from Computation of Diluted Net Loss Per Share | The following weighted average potential shares of common stock have been excluded from the computation of diluted net income (loss) per share because the effect of including these shares would have been anti-dilutive: Three Months Ended Nine Months Ended 2015 2014 2015 2014 Options to purchase common stock 6,778,265 4,926,571 5,498,476 4,830,072 Restricted stock awards, including participating securities 1,657,500 1,838,500 1,907,500 2,195,750 Total 8,435,765 6,765,071 7,405,976 7,025,822 |
Segment and Geographical Info26
Segment and Geographical Information (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Segment Reporting [Abstract] | |
Summary of Revenue by Geographical Region | Mobility Services Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 United States 43 % 35 % 40 % 35 % EMEA 48 % 49 % 50 % 48 % Asia Pacific 8 % 14 % 9 % 15 % Rest of the World 1 % 2 % 1 % 2 % |
Divestiture of Business Segme27
Divestiture of Business Segment (Tables) | 9 Months Ended |
Sep. 30, 2015 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Schedule of Discontinued Operations, Income Statement | The following table presents revenues and the components of discontinued operations, net of tax. Three Months Ended Nine Months Ended 2015 2014 2015 2014 (In thousands) Revenue $ — $ — $ — $ 15,458 Income from discontinued operations before income taxes $ — $ — $ — $ 1,506 Gain on sale of discontinued operations before income taxes — — — 25,014 Provision for income taxes — (1,296 ) — (5,827 ) Income (loss) from discontinued operations, net of tax $ — $ (1,296 ) $ — $ 20,693 |
Financial Instruments and Fai28
Financial Instruments and Fair Value - Fair Value of Financial Assets (Excluding Cash) and Financial Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | $ 20,315 | $ 29,306 | |
Money market funds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | [1] | 20,315 | 29,306 |
Fair Value Measurements Recurring | Level 1 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | 20,315 | 29,306 | |
Fair Value Measurements Recurring | Level 1 | Money market funds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | [1] | 20,315 | 29,306 |
Fair Value Measurements Recurring | Level 2 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | 0 | 0 | |
Fair Value Measurements Recurring | Level 2 | Money market funds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | [1] | 0 | 0 |
Fair Value Measurements Recurring | Level 3 | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | 0 | 0 | |
Fair Value Measurements Recurring | Level 3 | Money market funds | |||
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] | |||
Total financial assets | [1] | $ 0 | $ 0 |
[1] | Held in cash and cash equivalents on the Company’s condensed consolidated balance sheets. |
Financial Instruments and Fai29
Financial Instruments and Fair Value - Narrative (Detail) | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Fair Value Disclosures [Abstract] | |
Transfers between Levels 1, 2, and 3 | $ 0 |
Property and Equipment, Net - C
Property and Equipment, Net - Components of Property and Equipment, Net (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Property, Plant and Equipment [Abstract] | ||
Equipment | $ 10,426 | $ 10,242 |
Furniture and fixtures | 322 | 1,923 |
Computer software | 9,884 | 9,356 |
Construction in progress | 0 | 306 |
Leasehold improvements | 460 | 912 |
Property plant and equipment, gross | 21,092 | 22,739 |
Less: Accumulated depreciation and amortization | (16,510) | (16,526) |
Property and equipment, net | $ 4,582 | $ 6,213 |
Property and Equipment, Net - N
Property and Equipment, Net - Narrative (Detail) - USD ($) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Property, Plant and Equipment [Line Items] | ||||
Property and equipment, wrote-off | $ 0 | $ 900,000 | $ 2,200,000 | $ 2,200,000 |
Continuing Operations | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 700,000 | 800,000 | $ 2,200,000 | 2,400,000 |
Discontinued Operations | ||||
Property, Plant and Equipment [Line Items] | ||||
Depreciation expense | $ 100,000 | 100,000 | ||
Property and equipment, wrote-off | $ 2,000,000 |
Other Assets - Components of Ot
Other Assets - Components of Other Assets (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 |
Other Assets [Abstract] | ||
Deposits | $ 478 | $ 563 |
Long-term deferred tax assets, net | 134 | 134 |
Restricted cash | 0 | 150 |
Other Assets | $ 612 | $ 847 |
Accrued Liabilities - Schedule
Accrued Liabilities - Schedule of Accrued Liabilities (Detail) - USD ($) $ in Thousands | Sep. 30, 2015 | Dec. 31, 2014 | |
Payables and Accruals [Abstract] | |||
Accrued tax liabilities | $ 1,287 | $ 1,300 | |
Accrued restructuring liabilities - current | [1] | 952 | 160 |
Accrued bonus, commissions and other employee benefits | 1,330 | 2,043 | |
Accrued vendor financed property and equipment (2) | [2] | 854 | 832 |
Amounts due to customers | 833 | 1,016 | |
Other accrued liabilities | 1,517 | 1,837 | |
Accrued liabilities | $ 6,773 | $ 7,188 | |
[1] | See Note 6 "Accrued Restructuring" | ||
[2] | See Note 7 "Vendor Financed Property and Equipment" |
Accrued Restructuring - Narrati
Accrued Restructuring - Narrative (Detail) $ in Thousands | 3 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($)Employee | Sep. 30, 2015USD ($) | Sep. 30, 2014USD ($) | Dec. 31, 2009Employee | Mar. 31, 2015USD ($) | Dec. 31, 2014USD ($) | Mar. 31, 2014USD ($) | Dec. 31, 2013USD ($) | |
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring charges | $ 916 | $ 715 | $ 4,179 | $ 745 | |||||
Remaining restructuring charges | 952 | $ 352 | $ 952 | $ 352 | $ 1,833 | $ 160 | $ 181 | $ 317 | |
2009 Plans | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring plan, number of positions | Employee | 146 | ||||||||
Q3 2014 Plan | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring plan, number of positions | Employee | 20 | ||||||||
Restructuring charges | $ 700 | ||||||||
Q2 2015 Plan | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring charges | $ 4,200 | ||||||||
Reduction in headcount, percent | 14.00% | ||||||||
Severance obligations | Q2 2015 Plan | |||||||||
Restructuring Cost and Reserve [Line Items] | |||||||||
Restructuring charges | $ 900 |
Accrued Restructuring - Summary
Accrued Restructuring - Summary of Accrued Restructuring (Detail) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Restructuring and Related Activities [Abstract] | ||||
Beginning balance | $ 160 | $ 317 | ||
Restructuring charges and related adjustments | $ 916 | $ 715 | 4,179 | 745 |
Payments | (1,797) | (544) | (3,387) | (710) |
Ending balance | $ 952 | $ 352 | $ 952 | $ 352 |
Vendor Financed Property and 36
Vendor Financed Property and Equipment - Narrative (Details) - USD ($) $ in Thousands | 1 Months Ended | 9 Months Ended | ||||
Apr. 30, 2014 | Oct. 31, 2013 | Sep. 30, 2015 | Sep. 30, 2014 | Dec. 31, 2014 | ||
Property, Plant and Equipment [Line Items] | ||||||
Vendor financed property and equipment repayment period | 2 years | 3 years | ||||
Vendor financed computer software and hardware | $ 0 | $ 501 | ||||
Accrued vendor financed property and equipment (2) | [1] | 854 | $ 832 | |||
Vendor financed property and equipment | 0 | $ 854 | ||||
Computer Equipment | ||||||
Property, Plant and Equipment [Line Items] | ||||||
Vendor financed computer software and hardware | $ 3,100 | |||||
Repayments of vendor financed equipment obligations | 2,200 | |||||
Accrued vendor financed property and equipment (2) | 900 | |||||
Accrued vendor payable, due 2015 | 300 | |||||
Accrued vendor payable, due 2016 | $ 600 | |||||
[1] | See Note 7 "Vendor Financed Property and Equipment" |
Commitments and Contingencies -
Commitments and Contingencies - Narrative (Detail) $ in Thousands | 9 Months Ended |
Sep. 30, 2015USD ($) | |
Commitment And Contingencies [Line Items] | |
Purchase commitments expiration period | expire on various dates through October 2017 |
Purchase obligation | $ 8,947 |
Computer Equipment | |
Commitment And Contingencies [Line Items] | |
Purchase obligation | 200 |
Accrued vendor payable, due 2015 | 300 |
Accrued vendor payable, due 2016 | $ 600 |
Commitments and Contingencies38
Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Remainder of 2015 | $ 452 |
2,016 | 1,671 |
2,017 | 1,494 |
2,018 | 1,091 |
2,019 | 1,082 |
Thereafter | 1,017 |
Operating leases, future minimum payments | $ 6,807 |
Commitments and Contingencies39
Commitments and Contingencies - Schedule of Future Minimum Purchase Commitments (Detail) $ in Thousands | Sep. 30, 2015USD ($) |
Commitments and Contingencies Disclosure [Abstract] | |
Remainder of 2015 | $ 2,665 |
2,016 | 4,431 |
2,017 | 1,851 |
Future minimum purchase commitments | $ 8,947 |
Net Income (Loss) Per Common 40
Net Income (Loss) Per Common Share - Schedule of Computation of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Numerator: | ||||
Net loss from continuing operations | $ (3,428) | $ (3,113) | $ (13,245) | $ (9,774) |
Net income (loss) from discontinued operations | 0 | (1,296) | 0 | 20,693 |
Net income (loss) | $ (3,428) | $ (4,409) | $ (13,245) | $ 10,919 |
Denominator: | ||||
Weighted average shares outstanding - basic and diluted | 62,979,830 | 62,696,930 | 62,862,144 | 62,507,683 |
Total income (loss) per share - basic and diluted: | ||||
Continuing operations (USD per share) | $ (0.05) | $ (0.05) | $ (0.21) | $ (0.16) |
Discontinued operations (USD per share) | 0 | (0.02) | 0 | 0.33 |
Net loss per share (USD per share) | $ (0.05) | $ (0.07) | $ (0.21) | $ 0.17 |
Net Income (Loss) Per Common 41
Net Income (Loss) Per Common Share - Schedule of Anti-Dilutive Shares Excluded from Computation of Diluted Net Loss Per Share (Detail) - shares | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total | 8,435,765 | 6,765,071 | 7,405,976 | 7,025,822 |
Options to Purchase Common Stock | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total | 6,778,265 | 4,926,571 | 5,498,476 | 4,830,072 |
Restricted Stock Awards, Including Participating Securities | ||||
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items] | ||||
Total | 1,657,500 | 1,838,500 | 1,907,500 | 2,195,750 |
Segment and Geographical Info42
Segment and Geographical Information - Narrative (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015Customer | Sep. 30, 2014 | Sep. 30, 2015CustomerSegment | Sep. 30, 2014 | |
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Number of reportable segments | Segment | 1 | |||
Revenue | Customer Concentration Risk | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Number of individual customer | 1 | |||
United States | Revenue | Geographic Concentration Risk | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Concentration risk, percentage | 43.00% | 35.00% | 40.00% | 35.00% |
Germany | Revenue | Geographic Concentration Risk | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Concentration risk, percentage | 15.00% | 12.00% | 15.00% | 11.00% |
United Kingdom | Revenue | Geographic Concentration Risk | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Concentration risk, percentage | 11.00% | 10.00% | 12.00% | |
Customer A | Revenue | Customer Concentration Risk | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Concentration risk, percentage | 10.00% | 11.00% | ||
Number of individual customer | 1 |
Segment and Geographical Info43
Segment and Geographical Information - Summary of Revenue by Geographical Region (Detail) - Revenue - Geographic Concentration Risk | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
United States | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Percentage of revenue by geographical region | 43.00% | 35.00% | 40.00% | 35.00% |
EMEA | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Percentage of revenue by geographical region | 48.00% | 49.00% | 50.00% | 48.00% |
Asia Pacific | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Percentage of revenue by geographical region | 8.00% | 14.00% | 9.00% | 15.00% |
Rest of the World | ||||
Revenues from External Customers and Long-Lived Assets [Line Items] | ||||
Percentage of revenue by geographical region | 1.00% | 2.00% | 1.00% | 2.00% |
Divestiture of Business Segme44
Divestiture of Business Segment - Schedule of Discontinued Income (Details) - iPass Unity - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Revenue | $ 0 | $ 0 | $ 0 | $ 15,458 |
Income from discontinued operations before income taxes | 0 | 0 | 0 | 1,506 |
Gain on sale of discontinued operations before income taxes | 0 | 0 | 0 | 25,014 |
Provision for income taxes | 0 | (1,296) | 0 | (5,827) |
Income (loss) from discontinued operations, net of tax | $ 0 | $ (1,296) | $ 0 | $ 20,693 |
Divestiture of Business Segme45
Divestiture of Business Segment - Narrative (Details) - iPass Unity - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||||
Consideration for sale of business | $ 28,100 | $ 28,100 | ||
Accrued transaction costs for disposition of business | 2,200 | 2,200 | ||
Gain on sale of business | $ 0 | 0 | $ 0 | 25,014 |
Contingent liability on sale of business | 1,400 | 1,400 | ||
Tax effect of income (loss) from disposal of discontinued operation | $ 0 | 1,296 | $ 0 | 5,827 |
Tax effect of recognition of operating loss carryforward from disposal of discontinued operation | $ 1,400 | $ 5,800 |
Subsequent Events - Narrative (
Subsequent Events - Narrative (Details) | Nov. 03, 2015USD ($) |
Subsequent Event [Member] | |
Subsequent Event [Line Items] | |
Authorized amount under Share Repurchase Program | $ 3,000,000 |