Document_and_Entity_Informatio
Document and Entity Information | 9 Months Ended | ||
Sep. 30, 2013 | Nov. 04, 2013 | Nov. 04, 2013 | |
Class A Common Stock | Class B Common Stock | ||
Document Information [Line Items] | ' | ' | ' |
Document Type | '10-Q | ' | ' |
Amendment Flag | 'false | ' | ' |
Document Period End Date | 30-Sep-13 | ' | ' |
Document Fiscal Year Focus | '2013 | ' | ' |
Document Fiscal Period Focus | 'Q3 | ' | ' |
Trading Symbol | 'GAIA | ' | ' |
Entity Registrant Name | 'GAIAM, INC | ' | ' |
Entity Central Index Key | '0001089872 | ' | ' |
Current Fiscal Year End Date | '--12-31 | ' | ' |
Entity Filer Category | 'Accelerated Filer | ' | ' |
Entity Common Stock, Shares Outstanding | ' | 17,390,512 | 5,400,000 |
Condensed_consolidated_balance
Condensed consolidated balance sheets (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
In Thousands, unless otherwise specified | ||
Current assets: | ' | ' |
Cash | $10,869 | $9,858 |
Accounts receivable, net | 48,942 | 57,533 |
Inventory, less allowances | 33,660 | 29,840 |
Deferred advertising costs | 4,577 | 4,324 |
Deferred tax assets | 5,547 | 9,129 |
Receivable from related party | 3 | 64 |
Advances | 17,732 | 13,197 |
Other current assets | 2,670 | 2,463 |
Total current assets | 124,000 | 126,408 |
Property and equipment, net | 23,910 | 23,998 |
Media library, net | 12,867 | 13,090 |
Deferred tax assets | 14,082 | 14,692 |
Goodwill | 10,031 | 9,405 |
Other intangibles, net | 3,923 | 5,608 |
Other assets | 826 | 661 |
Total assets | 189,639 | 193,862 |
Current liabilities: | ' | ' |
Line of credit | 15,422 | 16,231 |
Accounts payable | 28,623 | 26,738 |
Participations payable | 13,862 | 28,046 |
Accrued liabilities | 3,978 | 3,975 |
Total current liabilities | 61,885 | 74,990 |
Commitments and contingencies | ' | ' |
Gaiam, Inc. shareholders' equity: | ' | ' |
Additional paid-in capital | 160,157 | 159,614 |
Accumulated other comprehensive income | 38 | 118 |
Accumulated deficit | -35,969 | -43,661 |
Total Gaiam, Inc. shareholders' equity | 124,229 | 116,074 |
Noncontrolling interest | 3,525 | 2,798 |
Total equity | 127,754 | 118,872 |
Total liabilities and equity | 189,639 | 193,862 |
Class A Common Stock | ' | ' |
Gaiam, Inc. shareholders' equity: | ' | ' |
Common stock | 2 | 2 |
Class B Common Stock | ' | ' |
Gaiam, Inc. shareholders' equity: | ' | ' |
Common stock | $1 | $1 |
Condensed_consolidated_balance1
Condensed consolidated balance sheets (Parenthetical) (USD $) | Sep. 30, 2013 | Dec. 31, 2012 |
Class A Common Stock | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 150,000,000 | 150,000,000 |
Common stock, shares issued | 17,354,683 | 17,330,464 |
Common stock, shares outstanding | 17,354,683 | 17,330,464 |
Class B Common Stock | ' | ' |
Common stock, par value | $0.00 | $0.00 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Common stock, shares issued | 5,400,000 | 5,400,000 |
Common stock, shares outstanding | 5,400,000 | 5,400,000 |
Condensed_consolidated_stateme
Condensed consolidated statements of operations (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net revenue | $52,798 | $42,983 | $153,975 | $135,762 |
Cost of goods sold | 24,144 | 18,912 | 69,481 | 56,574 |
Gross profit | 28,654 | 24,071 | 84,494 | 79,188 |
Expenses: | ' | ' | ' | ' |
Selling and operating | 26,858 | 21,771 | 79,381 | 72,828 |
Corporate, general and administration | 3,099 | 2,471 | 10,151 | 8,125 |
Acquisition-related costs | ' | ' | ' | 1,667 |
Total expenses | 29,957 | 24,242 | 89,532 | 82,620 |
Loss from operations | -1,303 | -171 | -5,038 | -3,432 |
Interest and other expense, net | -123 | -192 | -404 | -259 |
Gain on sale of investment | 1,975 | ' | 18,404 | ' |
Loss from equity method investment | ' | -15,940 | ' | -17,580 |
Income (loss) before income taxes and noncontrolling interest | 549 | -16,303 | 12,962 | -21,271 |
Income tax expense (benefit) | 245 | -5,377 | 4,897 | -6,938 |
Net income (loss) | 304 | -10,926 | 8,065 | -14,333 |
Net income attributable to noncontrolling interest | -184 | -231 | -373 | -96 |
Net income (loss) attributable to Gaiam, Inc. | $120 | ($11,157) | $7,692 | ($14,429) |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders: | ' | ' | ' | ' |
Basic | $0.01 | ($0.49) | $0.34 | ($0.64) |
Diluted | $0.01 | ($0.49) | $0.34 | ($0.64) |
Weighted-average shares outstanding: | ' | ' | ' | ' |
Basic | 22,751 | 22,704 | 22,741 | 22,702 |
Diluted | 22,765 | 22,704 | 22,741 | 22,702 |
Condensed_consolidated_stateme1
Condensed consolidated statements of comprehensive income (loss) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Net income (loss) | $304 | ($10,926) | $8,065 | ($14,333) |
Other comprehensive income (loss), foreign currency translation, net of tax | 18 | 14 | -152 | 10 |
Comprehensive income (loss) | 322 | -10,912 | 7,913 | -14,323 |
Less: comprehensive income attributable to the noncontrolling interest | 193 | 238 | 301 | 101 |
Comprehensive income (loss) attributable to Gaiam, Inc. shareholders | $129 | ($11,150) | $7,612 | ($14,424) |
Condensed_consolidated_stateme2
Condensed consolidated statements of cash flows (USD $) | 9 Months Ended | |||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | ||
Operating activities | ' | ' | ||
Net income (loss) | $8,065 | ($14,333) | ||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ' | ' | ||
Depreciation | 1,868 | 1,681 | ||
Amortization | 4,060 | 4,503 | ||
Share-based compensation expense | 518 | 776 | ||
Deferred and stock option income tax expense (benefit) | 4,310 | -7,085 | ||
(Gain) loss on translation of foreign currency | 42 | -58 | ||
Gain on sale of investment | -18,404 | ' | ||
Loss from equity method investment | ' | 17,580 | ||
Changes in operating assets and liabilities, net of effects from acquisitions: | ' | ' | ||
Accounts receivable, net | 8,628 | 22,030 | ||
Inventory, net | -3,891 | -10,238 | ||
Deferred advertising costs | -1,137 | -959 | ||
Receivable from related party | 61 | 391 | ||
Advances | -4,535 | -6,270 | ||
Other current assets | -378 | -721 | ||
Accounts payable | 1,868 | 8,282 | ||
Participations payable | -14,184 | [1] | 3,892 | [1] |
Accrued liabilities | -68 | -71 | ||
Net cash provided by (used in) operating activities | -13,177 | [2] | 19,400 | [2] |
Investing activities | ' | ' | ||
Net proceeds from sale of investment | 18,404 | ' | ||
Purchase of property, equipment and media rights | -2,839 | -3,046 | ||
Purchase of businesses, net of acquired cash | -333 | -13,545 | ||
Net cash provided by (used in) investing activities | 15,232 | -16,591 | ||
Financing activities | ' | ' | ||
Net borrowings (payments) on revolving line of credit | -809 | 20,925 | ||
Net proceeds from issuance of stock upon exercise of options | 26 | ' | ||
Principal payments on debt | ' | -18,703 | [2] | |
Subsidiary's payment of dividend to noncontrolling interest | ' | -583 | ||
Net cash provided by (used in) financing activities | -783 | 1,639 | ||
Effect of exchange rates on cash | -261 | 64 | ||
Net change in cash | 1,011 | 4,512 | ||
Cash at beginning of period | 9,858 | 14,545 | ||
Cash at end of period | 10,869 | 19,057 | ||
Supplemental cash flow information | ' | ' | ||
Income taxes paid | 506 | 411 | ||
Interest paid | $404 | $319 | ||
[1] | Net cash provided by participations payable for the nine months ended September 30, 2012 does not include participations payments for Vivendi sales during the fourth quarter of 2011 as we didn't acquired Vivendi until March 28, 2012. The fourth quarter is our seasonably largest sales quarter and participations payable resulting from such sales are normally not paid until the following quarter. Also, net cash used in participations payable for the nine months ended September 30, 2013 includes certain payments that were due in December 2012, but not paid until January 2013. | |||
[2] | Net cash provided by operating activities for the nine months ended September 30, 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash provided by operating activities would have been $0.7 million for the nine months ended September 30, 2012. |
Condensed_consolidated_stateme3
Condensed consolidated statements of cash flows (Parenthetical) (USD $) | 9 Months Ended | |
Sep. 30, 2012 | ||
Net cash from operating activities | $19,400,000 | [1] |
Gaiam Vivendi Entertainments | ' | |
Net cash from operating activities | 18,700,000 | |
Net cash from operating activities, excluding net cash flows from purchased subsidiary working capital | $700,000 | |
[1] | Net cash provided by operating activities for the nine months ended September 30, 2012 includes approximately $18.7 million of net cash provided by purchased Vivendi Entertainment ("Vivendi") working capital, which was used to partially fund the acquisition of Vivendi. Excluding the net cash flows from the purchased Vivendi working capital, net cash provided by operating activities would have been $0.7 million for the nine months ended September 30, 2012. |
Organization_Nature_of_Operati
Organization, Nature of Operations, and Principles of Consolidation | 9 Months Ended |
Sep. 30, 2013 | |
Organization, Nature of Operations, and Principles of Consolidation | ' |
1. Organization, Nature of Operations, and Principles of Consolidation | |
References in this report to “we”, “us”, “our”, “Gaiam” or the “Company” refer to Gaiam, Inc. and its consolidated subsidiaries, unless we indicate otherwise. We are a lifestyle media company providing a broad selection of information, media, products and services to customers who value personal development, wellness, ecological lifestyles, responsible media and conscious community. We were incorporated under the laws of the State of Colorado on July 7, 1988. | |
We have prepared the accompanying unaudited interim condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States, or GAAP, and they include our accounts and those of our subsidiaries. Intercompany transactions and balances have been eliminated. | |
The unaudited condensed consolidated financial position, results of operations and cash flows for the interim periods disclosed in this report are not necessarily indicative of future financial results. |
Significant_Accounting_Policie
Significant Accounting Policies | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Significant Accounting Policies | ' | ||||||||||||
2. Significant Accounting Policies | |||||||||||||
No changes were made to our significant accounting policies during the three and nine months ended September 30, 2013. | |||||||||||||
Goodwill | |||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2012 through September 30, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2012 | $ | 2,673 | $ | 6,732 | $ | 9,405 | |||||||
Acquisitions | 626 | — | 626 | ||||||||||
Balance at September 30, 2013 | $ | 3,299 | $ | 6,732 | $ | 10,031 | |||||||
Use of Estimates and Reclassifications | |||||||||||||
The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations. |
Related_Party_Transactions
Related Party Transactions | 9 Months Ended |
Sep. 30, 2013 | |
Related Party Transactions | ' |
3. Related Party Transactions | |
Under Intercorporate Services and Industrial Building Lease Agreements, in the ordinary course of business, we have billed and collected charges at least quarterly for services performed and facilities utilized by Real Goods Solar, Inc. (“Real Goods Solar” or “RSOL”). At RSOL’s request, we ceased performing services for RSOL after September 30, 2013 and the Intercorporate Services Agreement terminates on December 19, 2013. | |
On May 28, 2013, we sold in the public market 6,017,500 shares of our investment in Real Goods Solar Class A common stock for an average gross per share sale price of $2.7552 and total net proceeds and gain of approximately $16.4 million. Following this sale, our Chairman resigned as Chairman of RSOL’s board and, thus, we no longer had significant influence over Real Goods Solar. Therefore, we changed our accounting for our investment in RSOL from the equity to cost method. Due to this accounting method change, we will no longer report our portion of RSOL’s net earnings or losses each period. On September 13, 2013, we sold in the public market another 1,000,000 shares of RSOL for an average gross per share price of $2.00 and total net proceeds and gain of approximately $2.0 million. | |
At September 30, 2013, we had two subordinated loans receivable from Real Goods Solar with outstanding balances totaling $2.6 million, which bear interest at an annual rate of 10%. The present carrying value of these loans is zero. On March 27, 2013, the maturity dates for these loans were extended, with $1.0 million now due April 26, 2014 and $1.6 million due April 30, 2014. On April 23, 2013, we entered into a conversion agreement with Real Goods Solar pursuant to which the principal amount of the $1.7 million promissory note with Real Goods Solar dated March 27, 2013 was reduced by $0.1 million in exchange for 62,111 shares of Real Goods Solar’s Class A common stock. The conversion ratio was determined based on the closing market price of Real Goods Solar’s Class A common stock on the date of the conversion agreement. The $1.0 million loan includes certain customary language accelerating the maturity date upon the occurrence of certain events, such as RSOL’s insolvency or bankruptcy. Also, if RSOL completes a sale of at least $50,000 of its capital stock, then we have the option of converting all or any portion of the principal and interest owing on the loan into securities in such sale at the same purchase price as paid by other purchasers in such sale. | |
On November 5, 2013, we collected cash from Real Goods Solar of $2.3 million for the settlement of our two outstanding loans receivable from RSOL, less $0.2 million for our acquisition of RSOL’s tenant leasehold improvements made to our owned building in Colorado. | |
During the three month and nine months ended September 30, 2013, we collected loan interest from Real Goods Solar of $39 thousand and $125 thousand, which are reported in Interest and other expense, net on our condensed consolidated statements of operations for the three and nine months ended September 30, 2013. | |
Line_of_Credit
Line of Credit | 9 Months Ended |
Sep. 30, 2013 | |
Line of Credit | ' |
4. Line of Credit | |
On July 31, 2012, each of our subsidiaries Gaiam Americas, Inc., SPRI Products, Inc., GT Direct, Inc., and Gaiam Vivendi Entertainment (collectively the “Borrowers”) entered into a Revolving Credit and Security Agreement (the “PNC Credit Agreement”) with PNC Bank, N.A. (“PNC”), as agent and lender. Borrowings are secured by a pledge of the Borrowers’ assets. The PNC Credit Agreement provides for a revolving line of credit of up to $35 million, subject to borrowing base and related limitations. Subject to certain limitations, the principal amount of the revolving loan is due and payable on the earlier of July 30, 2015 or upon the termination of the PNC Credit Agreement. | |
As of September 30, 2013, the outstanding borrowings on the PNC Credit Agreement were approximately $15.4 million at an average annual interest rate of approximately 3.24% and the amount reserved for outstanding letters of credit and other reserves was $11.8 million. Net unamortized deferred fees and costs associated with this PNC Credit Agreement were $0.3 million at September 30, 2013. | |
On October 21, 2013, the Borrowers paid in full the outstanding balance owed to PNC, $19,621,941 (inclusive of principal and interest and other fees), and terminated the underlying PNC Credit Agreement. The Borrowers also paid an early termination fee in an amount equal to $350,000. Upon termination, PNC released all liens granted in its favor on the collateral pledged under the PNC Credit Agreement. See Footnote 11. Subsequent Events. |
Equity
Equity | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Equity | ' | ||||||||||||||||||||||||||||
5. Equity | |||||||||||||||||||||||||||||
During the nine months ended September 30, 2013, we issued, under our 2009 Long-Term Incentive Plan, 17,719 and 6,500 shares of our Class A common stock to our independent directors, in lieu of cash compensation, for services rendered during 2013, and to our employees upon the exercise of stock options, respectively. We recorded the shares issued to our directors at their estimated fair value based on the market’s closing price of our stock on the date the shares were issued, which by policy is the last trading day of each quarter in which the services were rendered. | |||||||||||||||||||||||||||||
The following are reconciliations from December 31, 2012 to September 30, 2013 of the carrying amount of total equity, equity attributable to Gaiam, Inc., and equity attributable to the noncontrolling interest. | |||||||||||||||||||||||||||||
Gaiam, Inc. Shareholders | |||||||||||||||||||||||||||||
(in thousands) | Total | Comprehensive | Accumulated | Accumulated | Class A | Paid-in | Noncontrolling | ||||||||||||||||||||||
Income | Deficit | Other | and Class B | Capital | Interest | ||||||||||||||||||||||||
Comprehensive | Common | ||||||||||||||||||||||||||||
Income | Stock | ||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 118,872 | $ | (43,661 | ) | $ | 118 | $ | 3 | $ | 159,614 | $ | 2,798 | ||||||||||||||||
Issuance of Gaiam, Inc. common stock and share-based compensation | 543 | — | — | — | 543 | — | |||||||||||||||||||||||
Noncontrolling interest portion of subsidiary’s business combinations | 426 | — | — | — | — | 426 | |||||||||||||||||||||||
Comprehensive income: | |||||||||||||||||||||||||||||
Net income | 8,065 | 8,065 | 7,692 | — | — | — | 373 | ||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes of $67 | (152 | ) | (152 | ) | — | (80 | ) | — | — | (72 | ) | ||||||||||||||||||
Comprehensive income | 7,913 | $ | 7,913 | — | — | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 127,754 | $ | (35,969 | ) | $ | 38 | $ | 3 | $ | 160,157 | $ | 3,525 | ||||||||||||||||
Other_Comprehensive_Income_Los
Other Comprehensive Income (Loss) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Other Comprehensive Income (Loss) | ' | ||||||||||||||||
6. Other Comprehensive Income (Loss) | |||||||||||||||||
The tax effects allocated to our other comprehensive income (loss) component, foreign currency translation, were as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Before-tax amount | $ | 24 | $ | 20 | $ | (219 | ) | $ | 13 | ||||||||
Tax expense (benefit) | 6 | 6 | (67 | ) | 3 | ||||||||||||
Net-of-tax amount | $ | 18 | $ | 14 | $ | (152 | ) | $ | 10 | ||||||||
ShareBased_Payments
Share-Based Payments | 9 Months Ended |
Sep. 30, 2013 | |
Share-Based Payments | ' |
7. Share-Based Payments | |
During the nine months ended September 30, 2013, our employees exercised 6,500 options, and we granted 180,000 stock options under our 2009 Long-Term Incentive Plan and cancelled 2,500 stock options. Total share-based compensation expense was $0.1 million and $0.2 million for the three months ended September 30, 2013 and 2012, respectively, and $0.5 million and $0.8 million for the nine months ended September 30, 2013 and 2012, respectively, and are reported in Corporate, general and administration expenses on our condensed consolidated statements of operations. |
Net_Income_Loss_Per_Share_Attr
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | ' | ||||||||||||||||
8. Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders | |||||||||||||||||
Basic net income (loss) per share attributable to Gaiam, Inc. common shareholders excludes any dilutive effects of options. We compute basic net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of shares of common stock outstanding during the period. We compute diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders using the weighted average number of shares of common stock and common stock equivalents outstanding during the period. We excluded common stock equivalents of 1,072,000 and 1,416,000 for the three months ended September 30, 2013 and 2012, respectively, and 1,537,000 and 1,379,000 for the nine months ended September 30, 2013 and 2012, respectively, from the computation of diluted net loss per share attributable to Gaiam, Inc. common shareholders because their effect was antidilutive. | |||||||||||||||||
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Numerator for basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | $ | 120 | $ | (11,157 | ) | $ | 7,692 | $ | (14,429 | ) | |||||||
Denominator: | |||||||||||||||||
Weighted average shares for basic net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,751 | 22,704 | 22,741 | 22,702 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Weighted average of common stock and stock options | 14 | — | — | — | |||||||||||||
Denominators for diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,765 | 22,704 | 22,741 | 22,702 | |||||||||||||
Net income (loss) per share attributable to Gaiam, Inc. | $ | 0.01 | $ | (0.49 | ) | $ | 0.34 | $ | (0.64 | ) | |||||||
common shareholders – basic | |||||||||||||||||
Net income (loss) per share attributable to Gaiam, Inc. | $ | 0.01 | $ | (0.49 | ) | $ | 0.34 | $ | (0.64 | ) | |||||||
common shareholders – diluted | |||||||||||||||||
Income_Taxes
Income Taxes | 9 Months Ended |
Sep. 30, 2013 | |
Income Taxes | ' |
9. Income Taxes | |
Income tax expense for the three months ended September 30, 2013 was increased by other permanent differences and income tax expense for the nine months ended September 30, 2013 was increased primarily due to the repatriation of cash from one of our foreign subsidiaries and other permanent differences. |
Segment_Information
Segment Information | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Segment Information | ' | ||||||||||||||||
10. Segment Information | |||||||||||||||||
We manage our company and aggregate our operational and financial information in accordance with two reportable segments. The direct to consumer segment contains direct response television marketing, catalog, Internet, retail store and subscription channels; and the business segment comprises retailer, media distribution, and corporate account channels. | |||||||||||||||||
Although we are able to track sales by channel, the management, allocation of resources, and analysis and reporting of expenses are presented on a combined basis, at the reportable segment level. Contribution margin is defined as net revenue less cost of goods sold and total operating expenses. | |||||||||||||||||
Financial information for our segments is as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Net revenue: | |||||||||||||||||
Direct to consumer | $ | 16,984 | $ | 15,924 | $ | 51,610 | $ | 54,415 | |||||||||
Business | 35,814 | 27,059 | 102,365 | 81,347 | |||||||||||||
Consolidated net revenue | 52,798 | 42,983 | 153,975 | 135,762 | |||||||||||||
Contribution income (loss): | |||||||||||||||||
Direct to consumer | (5,426 | ) | (3,010 | ) | (15,150 | ) | (9,209 | ) | |||||||||
Business | 4,123 | 2,839 | 10,112 | 5,777 | |||||||||||||
Consolidated contribution loss | (1,303 | ) | (171 | ) | (5,038 | ) | (3,432 | ) | |||||||||
Reconciliation of contribution loss to net income (loss) attributable to Gaiam, Inc.: | |||||||||||||||||
Interest and other expense, net | (123 | ) | (192 | ) | (404 | ) | (259 | ) | |||||||||
Gain on sale of investment | 1,975 | — | 18,404 | — | |||||||||||||
Loss from equity method investment in RSOL | — | (15,940 | ) | — | (17,580 | ) | |||||||||||
Income tax expense (benefit) | 245 | (5,377 | ) | 4,897 | (6,938 | ) | |||||||||||
Net income attributable to noncontrolling interest | (184 | ) | (231 | ) | (373 | ) | (96 | ) | |||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | 120 | $ | (11,157 | ) | $ | 7,692 | $ | (14,429 | ) | |||||||
Subsequent_Events
Subsequent Events | 9 Months Ended |
Sep. 30, 2013 | |
Subsequent Events | ' |
11. Subsequent Events | |
On October 21, 2013, we consummated the sale of GVE Newco, LLC (“GVE”), a wholly-owned subsidiary of ours comprised of our non-Gaiam branded entertainment media business, to Cinedigm Corp. (“CIDM”) for $51.5 million, comprised of $47.5 million in cash, 666,978 shares of CIDM’s Class A common stock valued at approximately $1 million, $2 million of assigned accounts receivable, and a $1 million assumed payment obligation. The sale consideration also includes a post-closing adjustment payable in cash on April 15, 2014, which is based on the final closing net working capital of GVE. We also repaid the outstanding borrowings on our PNC Credit Agreement and terminated that revolving line of credit. Following the sale, GVE will be reported as a discontinued operation, separate from our continuing operations. We retained all of our Gaiam branded health and fitness media. | |
On a pro forma basis, excluding the net revenue from GVE, our consolidated net revenue would have been $40.2 million and $34.2 million for the three months ended September 30, 2013 and 2012, respectively, and $120.7 million and $107.7 million for the nine months ended September 30, 2013 and 2012, respectively. Also, on a pro forma basis, excluding the net revenue from GVE, our business segment’s net revenue would have been $23.2 million and $18.2 million for the three months ended September 30, 2013 and 2012, respectively, and $69.1 million and $53.3 million for the nine months ended September 30, 2013 and 2012, respectively. |
Significant_Accounting_Policie1
Significant Accounting Policies (Policies) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Goodwill | ' | ||||||||||||
Goodwill | |||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2012 through September 30, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2012 | $ | 2,673 | $ | 6,732 | $ | 9,405 | |||||||
Acquisitions | 626 | — | 626 | ||||||||||
Balance at September 30, 2013 | $ | 3,299 | $ | 6,732 | $ | 10,031 | |||||||
Use of Estimates and Reclassifications | ' | ||||||||||||
Use of Estimates and Reclassifications | |||||||||||||
The preparation of financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the amounts reported in the accompanying financial statements and disclosures. Although we base these estimates on our best knowledge of current events and actions that we may undertake in the future, actual results may be different from the estimates. We have made certain reclassifications to prior period amounts to conform to the current period presentations. |
Significant_Accounting_Policie2
Significant Accounting Policies (Tables) | 9 Months Ended | ||||||||||||
Sep. 30, 2013 | |||||||||||||
Changes in Goodwill | ' | ||||||||||||
The following table sets forth the changes in goodwill for the period December 31, 2012 through September 30, 2013 by segment. | |||||||||||||
(in thousands) | Direct to | Business | Total | ||||||||||
Consumer | Segment | ||||||||||||
Segment | |||||||||||||
Balance at December 31, 2012 | $ | 2,673 | $ | 6,732 | $ | 9,405 | |||||||
Acquisitions | 626 | — | 626 | ||||||||||
Balance at September 30, 2013 | $ | 3,299 | $ | 6,732 | $ | 10,031 | |||||||
Equity_Tables
Equity (Tables) | 9 Months Ended | ||||||||||||||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||||||||||||||
Summary of Reconciliation of Carrying Amount of Total Equity | ' | ||||||||||||||||||||||||||||
The following are reconciliations from December 31, 2012 to September 30, 2013 of the carrying amount of total equity, equity attributable to Gaiam, Inc., and equity attributable to the noncontrolling interest. | |||||||||||||||||||||||||||||
Gaiam, Inc. Shareholders | |||||||||||||||||||||||||||||
(in thousands) | Total | Comprehensive | Accumulated | Accumulated | Class A | Paid-in | Noncontrolling | ||||||||||||||||||||||
Income | Deficit | Other | and Class B | Capital | Interest | ||||||||||||||||||||||||
Comprehensive | Common | ||||||||||||||||||||||||||||
Income | Stock | ||||||||||||||||||||||||||||
Balance at December 31, 2012 | $ | 118,872 | $ | (43,661 | ) | $ | 118 | $ | 3 | $ | 159,614 | $ | 2,798 | ||||||||||||||||
Issuance of Gaiam, Inc. common stock and share-based compensation | 543 | — | — | — | 543 | — | |||||||||||||||||||||||
Noncontrolling interest portion of subsidiary’s business combinations | 426 | — | — | — | — | 426 | |||||||||||||||||||||||
Comprehensive income: | |||||||||||||||||||||||||||||
Net income | 8,065 | 8,065 | 7,692 | — | — | — | 373 | ||||||||||||||||||||||
Foreign currency translation adjustment, net of taxes of $67 | (152 | ) | (152 | ) | — | (80 | ) | — | — | (72 | ) | ||||||||||||||||||
Comprehensive income | 7,913 | $ | 7,913 | — | — | — | — | — | |||||||||||||||||||||
Balance at September 30, 2013 | $ | 127,754 | $ | (35,969 | ) | $ | 38 | $ | 3 | $ | 160,157 | $ | 3,525 | ||||||||||||||||
Other_Comprehensive_Income_Los1
Other Comprehensive Income (Loss) (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Tax Effects Allocated to Other Comprehensive Income Component, Foreign Currency Translation | ' | ||||||||||||||||
The tax effects allocated to our other comprehensive income (loss) component, foreign currency translation, were as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Before-tax amount | $ | 24 | $ | 20 | $ | (219 | ) | $ | 13 | ||||||||
Tax expense (benefit) | 6 | 6 | (67 | ) | 3 | ||||||||||||
Net-of-tax amount | $ | 18 | $ | 14 | $ | (152 | ) | $ | 10 | ||||||||
Net_Income_Loss_Per_Share_Attr1
Net Income (Loss) Per Share Attributable To Gaiam, Inc. Common Shareholders (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Computation of Basic and Diluted Net Loss Per Share Attributable to Gaiam, Inc. Common Shareholders | ' | ||||||||||||||||
The following table sets forth the computation of basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands, except per share data) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Numerator for basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | $ | 120 | $ | (11,157 | ) | $ | 7,692 | $ | (14,429 | ) | |||||||
Denominator: | |||||||||||||||||
Weighted average shares for basic net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,751 | 22,704 | 22,741 | 22,702 | |||||||||||||
Effect of dilutive securities: | |||||||||||||||||
Weighted average of common stock and stock options | 14 | — | — | — | |||||||||||||
Denominators for diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,765 | 22,704 | 22,741 | 22,702 | |||||||||||||
Net income (loss) per share attributable to Gaiam, Inc. | $ | 0.01 | $ | (0.49 | ) | $ | 0.34 | $ | (0.64 | ) | |||||||
common shareholders – basic | |||||||||||||||||
Net income (loss) per share attributable to Gaiam, Inc. | $ | 0.01 | $ | (0.49 | ) | $ | 0.34 | $ | (0.64 | ) | |||||||
common shareholders – diluted | |||||||||||||||||
Segment_Information_Tables
Segment Information (Tables) | 9 Months Ended | ||||||||||||||||
Sep. 30, 2013 | |||||||||||||||||
Financial Information for Segments | ' | ||||||||||||||||
Financial information for our segments is as follows: | |||||||||||||||||
Three Months Ended | Nine Months Ended | ||||||||||||||||
September 30, | September 30, | ||||||||||||||||
(in thousands) | 2013 | 2012 | 2013 | 2012 | |||||||||||||
Net revenue: | |||||||||||||||||
Direct to consumer | $ | 16,984 | $ | 15,924 | $ | 51,610 | $ | 54,415 | |||||||||
Business | 35,814 | 27,059 | 102,365 | 81,347 | |||||||||||||
Consolidated net revenue | 52,798 | 42,983 | 153,975 | 135,762 | |||||||||||||
Contribution income (loss): | |||||||||||||||||
Direct to consumer | (5,426 | ) | (3,010 | ) | (15,150 | ) | (9,209 | ) | |||||||||
Business | 4,123 | 2,839 | 10,112 | 5,777 | |||||||||||||
Consolidated contribution loss | (1,303 | ) | (171 | ) | (5,038 | ) | (3,432 | ) | |||||||||
Reconciliation of contribution loss to net income (loss) attributable to Gaiam, Inc.: | |||||||||||||||||
Interest and other expense, net | (123 | ) | (192 | ) | (404 | ) | (259 | ) | |||||||||
Gain on sale of investment | 1,975 | — | 18,404 | — | |||||||||||||
Loss from equity method investment in RSOL | — | (15,940 | ) | — | (17,580 | ) | |||||||||||
Income tax expense (benefit) | 245 | (5,377 | ) | 4,897 | (6,938 | ) | |||||||||||
Net income attributable to noncontrolling interest | (184 | ) | (231 | ) | (373 | ) | (96 | ) | |||||||||
Net income (loss) attributable to Gaiam, Inc. | $ | 120 | $ | (11,157 | ) | $ | 7,692 | $ | (14,429 | ) | |||||||
Changes_in_Goodwill_Detail
Changes in Goodwill (Detail) (USD $) | 9 Months Ended |
In Thousands, unless otherwise specified | Sep. 30, 2013 |
Goodwill [Line Items] | ' |
Balance at December 31, 2012 | $9,405 |
Acquisitions | 626 |
Balance at September 30, 2013 | 10,031 |
Direct to consumer | ' |
Goodwill [Line Items] | ' |
Balance at December 31, 2012 | 2,673 |
Acquisitions | 626 |
Balance at September 30, 2013 | 3,299 |
Business Segment | ' |
Goodwill [Line Items] | ' |
Balance at December 31, 2012 | 6,732 |
Acquisitions | ' |
Balance at September 30, 2013 | $6,732 |
Related_Party_Transactions_Add
Related Party Transactions - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 1 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | 9 Months Ended | 9 Months Ended | 9 Months Ended | 1 Months Ended | |||
Sep. 30, 2013 | Sep. 30, 2013 | Apr. 23, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Nov. 05, 2013 | Sep. 30, 2013 | Mar. 27, 2013 | Sep. 30, 2013 | Mar. 27, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | 28-May-13 | |
Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | Real Goods Solar | |||
Loan | Subsequent Event | Scenario 1 | Scenario 1 | Scenario 2 | Scenario 2 | Minimum | Class A Common Stock | Class A Common Stock | |||||
Related Party Transaction [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Intercorporate services agreement termination date | ' | ' | ' | ' | 'December 19, 2013 | ' | ' | ' | ' | ' | ' | ' | ' |
Numbers of shares sold | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | 6,017,500 |
Average share price | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2 | $2.76 |
Gain from sale of investment | $1,975,000 | $18,404,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | $2,000,000 | $16,400,000 |
Unsecured and subordinated loans, number of loans outstanding | ' | ' | ' | ' | 2 | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured and subordinated loans, total amount receivable | ' | ' | 1,700,000 | 2,600,000 | 2,600,000 | ' | ' | 1,000,000 | ' | 1,600,000 | ' | ' | ' |
Percentage annual interest rate on advanced investment | ' | ' | ' | ' | 10.00% | ' | ' | ' | ' | ' | ' | ' | ' |
Maturity date of loan advanced | ' | ' | ' | ' | ' | ' | 26-Apr-14 | ' | 30-Apr-14 | ' | ' | ' | ' |
Unsecured and subordinated loans, total amount converted to shares | ' | ' | 100,000 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Unsecured and subordinated loans, shares converted | ' | ' | 62,111 | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Sale of capital stock for converting loan into securities | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 50,000 | ' | ' |
Subordinated loans receivable present carrying value | ' | ' | ' | 0 | 0 | ' | ' | ' | ' | ' | ' | ' | ' |
Collections for loans receivable | ' | ' | ' | ' | ' | 2,300,000 | ' | ' | ' | ' | ' | ' | ' |
Acquisition of RSOL's tenant leasehold improvements | ' | ' | ' | ' | ' | 200,000 | ' | ' | ' | ' | ' | ' | ' |
Loan Interest income | ' | ' | ' | $39,000 | $125,000 | ' | ' | ' | ' | ' | ' | ' | ' |
Line_of_Credit_Additional_Info
Line of Credit - Additional Information (Detail) (USD $) | 9 Months Ended | 1 Months Ended |
Sep. 30, 2013 | Oct. 21, 2013 | |
Subsequent Event | ||
Line of Credit Facility [Line Items] | ' | ' |
Credit agreement borrowings maximum | $35,000,000 | ' |
Revolving line of credit agreement, expiration date | 30-Jul-15 | ' |
Outstanding borrowings | 15,400,000 | ' |
Interest rate on borrowings | 3.24% | ' |
Amount reserved for outstanding letters of credit | 11,800,000 | ' |
Net unamortized deferred fees and costs | 300,000 | ' |
Proceeds from loans | ' | 19,621,941 |
Early termination fee | ' | $350,000 |
Equity_Additional_Information_
Equity - Additional Information (Detail) (Long-Term Incentive Plan 2009) | 9 Months Ended |
Sep. 30, 2013 | |
Director Stock Option | ' |
Equity [Line Items] | ' |
Issuance of shares for compensation | 17,719 |
Employee Stock Option | ' |
Equity [Line Items] | ' |
Issuance of shares for compensation | 6,500 |
Summary_of_Reconciliation_of_C
Summary of Reconciliation of Carrying Amount of Total Equity (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 9 Months Ended | ||||||||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Sep. 30, 2013 | Dec. 31, 2012 | Sep. 30, 2013 | Sep. 30, 2013 |
Comprehensive Income | Accumulated Deficit | Accumulated Other Comprehensive Income | Class A and Class B Common Stock | Class A and Class B Common Stock | Paid-in Capital | Noncontrolling Interest | |||||
Equity [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Beginning Balance | ' | ' | $118,872 | ' | ' | ($43,661) | $118 | $3 | $3 | $159,614 | $2,798 |
Issuance of Gaiam, Inc. common stock and share-based compensation | ' | ' | 543 | ' | ' | ' | ' | ' | ' | 543 | ' |
Noncontrolling interest portion of subsidiary's business combinations | ' | ' | 426 | ' | ' | ' | ' | ' | ' | ' | 426 |
Comprehensive income: | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Net income (loss) | 304 | -10,926 | 8,065 | -14,333 | 8,065 | 7,692 | ' | ' | ' | ' | 373 |
Foreign currency translation adjustment, net of taxes of $67 | 18 | 14 | -152 | 10 | -152 | ' | -80 | ' | ' | ' | -72 |
Comprehensive income | 322 | -10,912 | 7,913 | -14,323 | 7,913 | ' | ' | ' | ' | ' | ' |
Ending Balance | $127,754 | ' | $127,754 | ' | ' | ($35,969) | $38 | $3 | $3 | $160,157 | $3,525 |
Summary_of_Reconciliation_of_C1
Summary of Reconciliation of Carrying Amount of Total Equity (Parenthetical) (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Equity [Line Items] | ' | ' | ' | ' |
Foreign currency translation adjustment, taxes | $6 | $6 | ($67) | $3 |
Tax_Effects_Allocated_to_Other
Tax Effects Allocated to Other Comprehensive Income Component, Foreign Currency Translation (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule of Other Comprehensive Income (Loss) [Line Items] | ' | ' | ' | ' |
Before-tax amount | $24 | $20 | ($219) | $13 |
Tax expense (benefit) | 6 | 6 | -67 | 3 |
Net-of-tax amount | $18 | $14 | ($152) | $10 |
ShareBased_Payments_Additional
Share-Based Payments - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Total share-based compensation expense | $100 | $200 | $518 | $776 |
Options exercised by employee | 6,500 | ' | 6,500 | ' |
Stock options cancelled | ' | ' | 2,500 | ' |
Long-Term Incentive Plan 2009 | ' | ' | ' | ' |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ' | ' | ' | ' |
Stock options granted under long-term incentive plan | ' | ' | 180,000 | ' |
Net_Income_Loss_Per_Share_Attr2
Net Income Loss Per Share Attributable to Gaiam, Inc. Common Shareholders - Additional Information (Detail) | 3 Months Ended | 9 Months Ended | ||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | |
Common stock shares excluded from computation of dilutive earnings per share | 1,072,000 | 1,416,000 | 1,537,000 | 1,379,000 |
Computation_of_Basic_and_Dilut
Computation of Basic and Diluted Net Loss Per Share Attributable to Gaiam, Inc. Common Shareholders (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, except Per Share data, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Schedule Of Computation Of Basic And Diluted Earnings Per Common Share [Line Items] | ' | ' | ' | ' |
Numerator for basic and diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | $120 | ($11,157) | $7,692 | ($14,429) |
Denominator: | ' | ' | ' | ' |
Weighted average shares for basic net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,751 | 22,704 | 22,741 | 22,702 |
Effect of dilutive securities: | ' | ' | ' | ' |
Weighted average of common stock and stock options | 14 | ' | ' | ' |
Denominators for diluted net income (loss) per share attributable to Gaiam, Inc. common shareholders | 22,765 | 22,704 | 22,741 | 22,702 |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders - basic | $0.01 | ($0.49) | $0.34 | ($0.64) |
Net income (loss) per share attributable to Gaiam, Inc. common shareholders - diluted | $0.01 | ($0.49) | $0.34 | ($0.64) |
Financial_Information_for_Segm
Financial Information for Segments (Detail) (USD $) | 3 Months Ended | 9 Months Ended | ||
In Thousands, unless otherwise specified | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net revenue | $52,798 | $42,983 | $153,975 | $135,762 |
Contribution income (loss) | -1,303 | -171 | -5,038 | -3,432 |
Reconciliation of contribution loss to net income (loss) attributable to Gaiam, Inc.: | ' | ' | ' | ' |
Interest and other expense, net | -123 | -192 | -404 | -259 |
Gain on sale of investment | 1,975 | ' | 18,404 | ' |
Loss from equity method investment in RSOL | ' | -15,940 | ' | -17,580 |
Income tax expense (benefit) | 245 | -5,377 | 4,897 | -6,938 |
Net income attributable to noncontrolling interest | -184 | -231 | -373 | -96 |
Net income (loss) attributable to Gaiam, Inc. | 120 | -11,157 | 7,692 | -14,429 |
Direct to consumer | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net revenue | 16,984 | 15,924 | 51,610 | 54,415 |
Contribution income (loss) | -5,426 | -3,010 | -15,150 | -9,209 |
Business Segment | ' | ' | ' | ' |
Segment Reporting Information [Line Items] | ' | ' | ' | ' |
Net revenue | 35,814 | 27,059 | 102,365 | 81,347 |
Contribution income (loss) | $4,123 | $2,839 | $10,112 | $5,777 |
Subsequent_Event_Additional_In
Subsequent Event - Additional Information (Detail) (USD $) | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 3 Months Ended | 9 Months Ended | 1 Months Ended | |||||||||
Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Sep. 30, 2013 | Sep. 30, 2012 | Oct. 21, 2013 | Oct. 21, 2013 | |
Business Segment | Business Segment | Business Segment | Business Segment | Pro Forma | Pro Forma | Pro Forma | Pro Forma | Pro Forma | Pro Forma | Pro Forma | Pro Forma | GVE Newco, LLC | GVE Newco, LLC | |||||
Net revenue excluding GVE | Net revenue excluding GVE | Net revenue excluding GVE | Net revenue excluding GVE | Business Segment | Business Segment | Business Segment | Business Segment | Subsequent Event | Subsequent Event | |||||||||
Class A Common Stock | ||||||||||||||||||
Subsequent Event [Line Items] | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' |
Total consideration received for sale of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | $51,500,000 | ' |
Cash received sale of subsidiary | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 47,500,000 | ' |
Amount of shares received for divestiture | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 666,978 | ' |
Common stock value | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 |
Accounts receivable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 2,000,000 | ' |
Accrued payable | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | ' | 1,000,000 | ' |
Net revenue | $52,798,000 | $42,983,000 | $153,975,000 | $135,762,000 | $35,814,000 | $27,059,000 | $102,365,000 | $81,347,000 | $40,200,000 | $34,200,000 | $120,700,000 | $107,700,000 | $23,200,000 | $18,200,000 | $69,100,000 | $53,300,000 | ' | ' |