Mattersight 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 26, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	MATR
Entity Registrant Name	Mattersight Corp
Entity Central Index Key	1,094,348
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		26,594,463

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 24,461	$ 15,407
Receivables (net of allowances of $57 and $24, respectively)	7,109	4,863
Prepaid expenses	5,121	4,582
Other current assets	189	235
Total current assets	36,880	25,087
Equipment and leasehold improvements (net of accumulated depreciation and amortization of $16,062 and $14,805, respectively)	8,773	8,523
Goodwill	972	972
Intangibles (net of amortization of $3,443 and $3,351, respectively)	3,361	3,353
Other long-term assets	2,226	2,467
Total assets	52,212	40,402
Current Liabilities:
Short-term debt	9,200
Accounts payable	1,291	1,223
Accrued compensation and related costs	3,274	2,761
Unearned revenue	5,563	6,378
Capital leases	2,129	1,819
Other current liabilities	2,342	1,796
Total current liabilities	23,799	13,977
Long-term debt	5,940
Long-term unearned revenue	1,677	1,597
Long-term capital leases	1,941	1,614
Other long-term liabilities	5,530	5,689
Total liabilities	38,887	22,877
Series B convertible preferred stock, $0.01 par value; 5,000,000 shares authorized and designated; 1,641,986 and 1,644,768 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively, with a liquidation preference of $10,572 and $10,443, at March 31, 2016 and December 31, 2015, respectively	$ 8,374	$ 8,388
Stockholders’ Equity:
Preferred Stock, $0.01 par value; 35,000,000 shares authorized; none issued and outstanding
Common Stock, $0.01 par value; 50,000,000 shares authorized; 27,655,133 and 27,636,853 shares issued at March 31, 2016 and December 31, 2015, respectively; and 26,594,463 and 25,849,876 shares outstanding at March 31, 2016 and December 31, 2015, respectively	$ 276	$ 276
Additional paid-in capital	262,262	264,212
Accumulated deficit	(247,906)	(242,085)
Treasury stock, at cost, 1,060,670 and 1,786,977 shares at March 31, 2016 and December 31, 2015, respectively	(5,651)	(9,239)
Accumulated other comprehensive loss	(4,030)	(4,027)
Total stockholders’ equity	4,951	9,137
Total liabilities and stockholders’ equity	$ 52,212	$ 40,402

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Allowances for receivables	$ 57	$ 24
Accumulated depreciation and amortization of equipment and leasehold improvements	16,062	14,805
Amortization of intangibles	$ 3,443	$ 3,351
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	35,000,000	35,000,000
Preferred Stock, shares issued	0	0
Preferred Stock, shares outstanding	0	0
Common Stock, par value	$ 0.01	$ 0.01
Common Stock, shares authorized	50,000,000	50,000,000
Common Stock, shares issued	27,655,133	27,636,853
Common Stock, shares outstanding	26,594,463	25,849,876
Treasury stock, shares	1,060,670	1,786,977
Series B Convertible Preferred Stock [Member]
Preferred Stock, par value	$ 0.01	$ 0.01
Preferred Stock, shares authorized	5,000,000	5,000,000
Preferred Stock, shares issued	1,641,986	1,644,768
Preferred Stock, shares outstanding	1,641,986	1,644,768
Liquidation preference	$ 10,572	$ 10,443

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue:
Subscription revenue	$ 9,222	$ 8,332
Other revenue	831	984
Total revenue	10,053	9,316
Operating expenses:
Cost of subscription revenue	2,480	1,868
Cost of other revenue	766	707
Total cost of revenue, exclusive of depreciation and amortization shown below:	3,246	2,575
Research and development	3,250	3,408
Sales and marketing	4,630	3,156
General and administrative	3,167	2,882
Depreciation and amortization	1,400	995
Total operating expenses	15,693	13,016
Operating loss	(5,640)	(3,700)
Interest and other expense, net	(171)	(114)
Change in fair value of warrant liability		5
Loss before income taxes	(5,811)	(3,809)
Income tax provision	(10)	(8)
Net loss	(5,821)	(3,817)
Dividends related to Series B convertible preferred stock	(143)	(147)
Net loss available to common stockholders	$ (5,964)	$ (3,964)
Per share of common stock:
Basic net loss available to common stockholders	$ (0.24)	$ (0.18)
Diluted net loss available to common stockholders	$ (0.24)	$ (0.18)
Shares used to calculate basic net loss per share	25,064	21,877
Shares used to calculate diluted net loss per share	25,064	21,877
Stock-based compensation is included in individual line items above:
Stock-based compensation	$ 1,600	$ 1,400
Total Cost of Revenue [Member]
Stock-based compensation is included in individual line items above:
Stock-based compensation	74	59
Research and Development [Member]
Stock-based compensation is included in individual line items above:
Stock-based compensation	329	266
Sales and Marketing [Member]
Stock-based compensation is included in individual line items above:
Stock-based compensation	479	366
General and Administrative [Member]
Stock-based compensation is included in individual line items above:
Stock-based compensation	$ 743	$ 674

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement Of Income And Comprehensive Income [Abstract]
Net loss	$ (5,821)	$ (3,817)
Other comprehensive loss:
Effect of currency translation	(3)	(1)
Comprehensive net loss	$ (5,824)	$ (3,818)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash Flows from Operating Activities:
Net loss	$ (5,821)	$ (3,817)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,400	995
Stock-based compensation	1,625	1,365
Provision for uncollectible amounts	33
Change in fair value of warrant liability		(5)
Changes in assets and liabilities:
Receivables	(2,279)	(990)
Prepaid expenses	(574)	(1,069)
Other current assets	5	19
Other long-term assets	232
Accounts payable	(73)	536
Accrued compensation and related costs	513	(107)
Unearned revenue	(735)	(1,615)
Other current liabilities	55	(102)
Other long-term liabilities	246	213
Total Adjustments	448	(760)
Net cash used in operating activities	(5,373)	(4,577)
Cash Flows from Investing Activities:
Capital expenditures	(339)	(659)
Investment in Intangible assets	(228)	(255)
Net cash used in investing activities	(567)	(914)
Cash Flows from Financing Activities:
Proceeds from line of credit	9,200	7,000
Proceeds from term loan	6,000
Principal payments under capital lease obligations	(322)	(437)
Acquisition of treasury stock	(134)	(627)
Series B convertible preferred stock dividend	(3)
Proceeds from exercise of stock options	277	59
Fees from issuance of term loan	(60)
Proceeds employee stock purchase plan	37	51
Net cash provided by financing activities	14,995	6,046
Effect of exchange rate changes on cash and cash equivalents	(1)	(8)
Increase in cash and cash equivalents	9,054	547
Cash and cash equivalents, beginning of period	15,407	14,238
Cash and cash equivalents, end of period	24,461	14,785
Non-Cash Investing and Financing Activities:
Capital lease obligations incurred	958	581
Capital equipment purchased on credit	958	581
Change in fair value of warrants classified as liability		376
Change in fair value of intellectual property purchase liability		2,446
Supplemental Disclosures of Cash Flow Information:
Interest paid	$ 103	$ 80

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation	Note One — Basis of Presentation The accompanying interim consolidated financial statements include Mattersight Corporation and its subsidiaries (collectively “we”, “Mattersight”, “the Company”). The accompanying interim consolidated financial statements have been prepared without audit. Certain notes and other information normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States have been condensed or omitted. In the opinion of management, the accompanying consolidated financial statements include all normal recurring adjustments considered necessary to present fairly the financial position of the Company at March 31, 2016 and December 31, 2015 and the results of operations and cash flows for the periods indicated. Quarterly results are not necessarily indicative of results for any subsequent period. On January 1, 2016, the Company adopted Accounting Standards Update (“ASU”) 2015-03, Interest — Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. ASU 2015-03 simplifies the presentation of debt issuance costs by conforming the presentation of those costs to that of debt discounts and premiums. The standard requires that unamortized debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability. Long-term debt is shown net of unamortized debt issuance costs in the Company’s consolidated balance sheet as of March 31, 2016. The accompanying unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements and the notes thereto in Mattersight’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 filed with the Securities and Exchange Commission (“SEC”) on March 11, 2016.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	Note Two — Recent Accounting Pronouncements In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). The pronouncement is intended to simplify the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. In addition, the guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The amendments in this update are effective for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of this update on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The pronouncement is intended to improve financial reporting of leasing transactions. The ASU affects any entity that enters into a lease (as that term is defined in the ASU) with certain specified scope exemptions. The ASU will require organizations that lease assets referred to as “lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The pronouncement will be effective for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740). The pronouncement simplifies the presentation of deferred income taxes and requires that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The pronouncement is effective for reporting periods beginning after December 15, 2016 and interim periods within those annual periods. The adoption of ASU 2015-17 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2014, FASB issued ASU 2014-09: Revenue from Contracts with Customers (Topic 606). The guidance sets forth a new five-step revenue recognition model that replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in GAAP. The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. ASU 2014-09 provides alternative methods of initial adoption and is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Early adoption is not permitted prior to December 15, 2016. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

Current Prepaid Expenses

Current Prepaid Expenses	3 Months Ended
	Mar. 31, 2016
Prepaid Expenses Disclosure [Abstract]
Current Prepaid Expenses	Note Three — Current prepaid expenses primarily consist of deferred costs and prepaid commissions related to contracts for our predictive behavioral routing, performance management, quality assurance, and predictive analytics (collectively, “Behavioral Analytics”). These costs are recognized over the subscription periods of the respective contracts, generally three to five years after the go-live date or, in cases where the Company contracts with a client for a short-term pilot of a Behavioral Analytics offering prior to committing to a longer subscription period, if any, the subscription or pilot periods generally range from three to twelve months after the go-live date. Costs included in current prepaid expenses will be recognized within the next twelve months. Current prepaid expenses consisted of the following: As of (In millions) March 31, 2016 December 31, 2015 Deferred costs $ 1.6 $ 1.6 Prepaid commissions 1.4 1.4 Other 2.1 1.6 Total $ 5.1 $ 4.6

Other Long-Term Assets

Other Long-Term Assets	3 Months Ended
	Mar. 31, 2016
Investments All Other Investments [Abstract]
Other Long-Term Assets	Note Four — Other long-term assets primarily consist of deferred costs and prepaid commissions related to Behavioral Analytics. These costs are recognized over the terms of the respective contracts, generally three to five years. Costs included in long-term assets will be recognized over the remaining term of the contracts beyond the first twelve months. Other long-term assets consisted of the following: As of (In millions) March 31, 2016 December 31, 2015 Deferred costs $ 0.8 $ 0.9 Prepaid commissions 1.0 1.2 Deferred tax asset 0.1 0.1 Other 0.3 0.3 Total $ 2.2 $ 2.5

Short-Term Debt

Short-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Short-Term Debt	Note Five — Short-Term Debt On March 25, 2016, the Company amended its credit facility with Silicon Valley Bank. The amended credit facility provides for, among other things, a revolving line of credit to the Company with a maximum credit limit of $15 million and a $6 million term loan. The amended credit facility replaces the existing financial covenants with a requirement that (a) the Company achieve specified free cash flow targets, as defined under the amended credit facility, measured quarterly commencing in the quarter ending March 31, 2016, and (b) the Company maintain unrestricted cash on deposit with Silicon Valley Bank that, when added to the unused availability under the revolving line of credit, equals or exceeds $17.0 million. The maximum available amount under the revolving line of credit is the lesser of $15.0 million or three times the most recent month’s monthly recurring revenue. The revolving line of credit has a term through March 31, 2018 and an interest rate of the prime rate plus 1.25%. In respect of the revolving line of credit, the amended credit facility additionally provides for an annual commitment fee of $0.1 million and an early termination fee of 1.0% of the outstanding principal amount of the revolving line of credit in the first year of its term and 0.25% of the outstanding principal amount of the revolving line of credit thereafter, prior to maturity. There was less than $0.1 million of interest expense in respect of the revolving line of credit for the three months ended March 31, 2016 and March 31, 2015. The interest rate for the revolving line of credit for the three months ended March 31, 2016 was 4.75%. The Company has $9.2 million outstanding on the revolving line of credit as of March 31, 2016. The Company was in compliance with all of its debt covenants under the amended credit facility as of March 31, 2016.

Other Current Liabilities

Other Current Liabilities	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Note Six — Other Current Liabilities Other current liabilities consist of the following: As of (In millions) March 31, 2016 December 31, 2015 Accrued vendor payable $ 0.7 $ 0.7 Other 1.6 1.1 Total $ 2.3 $ 1.8

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Note Seven — Long-Term Debt On March 25, 2016, the Company amended its credit facility with Silicon Valley Bank. The amended credit facility provides for, among other things, a revolving line of credit to the Company with a maximum credit limit of $15 million and a term loan of $6 million. The term loan has a maturity date of March 1, 2020 and an interest rate of the prime rate plus 1.50%. In respect of the term loan, the amended credit facility additionally provides for a commitment fee of

Leases

Leases	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Leases	Note Eight — Leases Capital Leases The Company acquired $1.0 million and $0.6 million of computer equipment and leasehold improvements using capital leases during the first three months of 2016 and 2015, respectively. There was $0.5 million and $0.5 million of depreciation on capital leases in the first three months of 2016 and 2015, respectively. All capital leases are for a term of twenty-four or thirty-six months. The following is a schedule, by year, of future minimum lease payments under capital leases, together with the present value of the net minimum lease payments as of March 31, 2016: (In millions) Year Amount 2016 $ 1.8 2017 1.7 2018 0.9 2019 — Total minimum lease payments $ 4.4 Less: estimated executory costs — Net minimum lease payments $ 4.4 Less: amount representing interest (0.3 ) Present value of minimum lease payments $ 4.1

Other Long-Term Liabilities

Other Long-Term Liabilities	3 Months Ended
	Mar. 31, 2016
Payables And Accruals [Abstract]
Other Long-Term Liabilities	Note Nine — Other Long-Term Liabilities Other long-term liabilities consist of the following: As of (In millions) March 31, 2016 December 31, 2015 Series B convertible preferred stock dividend payable $ 2.2 $ 2.1 Intellectual property purchase liability 1.4 1.6 Deferred tax liability 0.3 0.3 Other 1.6 1.7 Total $ 5.5 $ 5.7

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	Note Ten — Stock-Based Compensation The Company has two stock-based compensation plans, the Mattersight Corporation 1999 Stock Incentive Plan (the “1999 Plan”) and the Mattersight Corporation Employee Stock Purchase Plan (the “ESPP”). For the Three Months Ended March 31, March 31, 2016 2015 Stock-based compensation expense (in millions) $ 1.6 $ 1.4 The Company recognizes stock-based compensation expense on a straight-line basis over the vesting period. The Company has established its forfeiture rate based on historical experience. As of March 31, 2016, there were a total of 2,424,654 shares of the Company’s common stock Restricted Stock Restricted stock awards are shares of common stock granted to an individual that vest over a period of time. During the vesting period, the holder of restricted stock receives all of the benefits of ownership (right to dividends, voting rights, etc.), other than the right to sell or otherwise transfer any interest in the stock. Restricted stock awards granted during the three months ended March 31, 2016 were as follows: Description Grant Date Shares Vesting Schedule Grants to employees 2/12/2016 663,273 50% on February 28, 2018, then 6.25% quarterly thereafter; or 100% on February 28, 2017; or vest ratably over 16 quarters. Grants to employees 2/17/2016 36,364 25% on November 30, 2016, then 6.25% quarterly thereafter; or 25% on February 28, 2017, then 6.25% quarterly thereafter. Total 699,637 Restricted stock award activity was as follows for the three months ended March 31, 2016: Shares Weighted Average Price Unvested balance at December 31, 2015 834,225 $ 6.49 Granted 699,637 $ 3.99 Vested (74,558 ) $ 5.82 Forfeited (5,000 ) $ 7.45 Unvested balance at March 31, 2016 1,454,304 $ 5.32 For March 31, 2016 March 31, 2015 (In millions) Total fair value of restricted stock awards vested $ 0.4 $ 2.0 Compensation expense related to restricted stock awards 0.6 0.6 As of March 31, 2016, there remained $4.9 million of unrecognized compensation expense related to restricted stock awards. These costs are expected to be recognized over a weighted average period of 1.9 years. Stock Options Stock options granted during the three months ended March 31, 2016 were as follows: Description Grant Date Options Granted Grant Price Expiration Date Vesting Schedule Grants to employees 2/12/2016 20,000 $ 3.97 2/12/2026 6.25% on February 29, 2016, then quarterly at 6.25% thereafter. Grants to employees 2/17/2016 25,000 $ 4.40 2/17/2026 25% on February 28, 2017, then quarterly at 6.25% thereafter. Total 45,000 Stock option activity was as follows for the three months ended March 31, 2016: Options Weighted Average Exercise Price Weighted Remaining Contractual Life (Years) Weighted Average Fair Value of Option Grants Outstanding as of December 31, 2015 2,607,417 $ 7.41 Granted 45,000 $ 4.21 $ 2.05 Exercised (56,250 ) $ 4.20 Forfeited (912 ) $ 4.95 Outstanding as of March 31, 2016 2,595,255 $ 7.42 5.9 Exercisable as of March 31, 2016 2,009,730 $ 7.96 Outstanding intrinsic value at March 31, 2016 (in millions) — Exercisable intrinsic value at March 31, 2016 (in millions) — For the Three Months Ended March 2016 March 31, 2015 (In millions) Compensation expense related to option awards $ 0.3 $ 0.4 For the Three Months Ended (In millions) March 2016 March 31, 2015 Total fair value of stock options vested $ 0.3 $ 0.4 Intrinsic value of stock options exercised* $ — $ — Proceeds received from option exercises $ 0.2 $ 0.1 * Less than $0.1 million. As of March 31, 2016, there remained $1.8 million of unrecognized compensation expense related to stock options. These costs are expected to be recognized over a weighted average period of 1.6 years. The fair value of options granted during the three months ended March 31, 2016 and March 31, 2015 was estimated on the grant date using a Black-Scholes option-pricing model. The following assumptions represent the year-to-date weighted average for all options granted: For the Three Months Ended March 2016 March 31, 2015 Risk-free interest rates 1.08 % 1.40 % Expected dividend yield — — Expected volatility 54 % 60 % Expected lives 5.5 years 6 years Historical Company information is the primary basis for the selection of expected life, expected volatility, and expected dividend yield assumptions. The risk-free interest rate is selected based on the yields from U.S. Treasury Strips with a remaining term equal to the expected term of the options being valued. Employee Stock Purchase Plan The ESPP is intended to qualify as an “employee stock purchase plan” under section 423 of the Internal Revenue Code. Under the ESPP, eligible employees are permitted to purchase shares of common stock at below-market prices. The purchase period opens on the first day and ends on the last business day of each calendar quarter. The shares of common stock issued in respect of employee purchases under the ESPP were as follows: For the Three Months Ended March 2016 March 31, 2015 Shares of common stock issued 20,588 9,897 Expense related to ESPP (in thousands) $ 18 $ 14 The fair value of ESPP purchases for the three months ended March 31, 2016 and March 31, 2015 was estimated using a Black-Scholes pricing model. The Company used the following year-to-date weighted average assumptions: For the Three Months Ended March 2016 March 31, 2015 Risk-free interest rates 0.17 % 0.02 % Expected dividend yield — — Expected volatility 27 % 39 % Expected lives 0.25 years 0.24 years

Loss Per Share

Loss Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Loss Per Share	Note Eleven — Loss Per Share The following table sets forth the computation of the loss and shares used in the calculation of basic and diluted loss per share: For the Three Months Ended (In millions) March 2016 March 31, 2015 Net loss $ (5.8 ) $ (3.8 ) Dividends related to 7% Series B convertible preferred stock (1) (0.2 ) (0.2 ) Net loss available to common stockholders $ (6.0 ) $ (4.0 ) Per share of common stock: Basic/diluted net loss available to common stockholders $ (0.24 ) $ (0.18 ) (In thousands) Weighted average shares outstanding (basic and diluted) 25,064 21,877 Currently anti-dilutive common stock equivalents (2) 1,832 2,095 (1) The Company’s Board of Directors did not declare a dividend payment on the Company’s 7% Series B Convertible Preferred Stock (the “Series B Stock”), which was accrued, for each of the dividend periods from July 1, 2012 through March 31, 2016 (the aggregate amount of these dividends was approximately $2.2 million). (2) In periods in which there was a loss, the effect of common stock equivalents, which is primarily related to the Series B Stock, was not included in the diluted loss per share calculation as it was anti-dilutive.

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Note Twelve — The Company reports certain assets and liabilities at fair value. Fair value is an exit price and establishes a three-tier valuation hierarchy for ranking the quality and reliability of the information used to determine fair values. The first tier, Level 1, uses quoted market prices in active markets for identical assets or liabilities. Level 2 uses inputs, other than quoted market prices for identical assets or liabilities in active markets, which are observable either directly or indirectly. Level 3 uses unobservable inputs in which there are little or no market data, and requires the entity to develop its own assumptions. A financial asset or liability’s classification within the hierarchy is determined based on the lowest level input that is significant to the fair value measurement. The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of March 31, 2016 and December 31, 2015: (In millions) Fair Value Measurements at March 31, 2016 Using Total carrying value at March 31, 2016 Quoted Active Markets (Level 1) Other Observable (Level 2) Significant Unobservable (Level 3) Money market fund $ 24.1 $ 24.1 $ — $ — Long-term debt $ 6.0 $ — $ — $ 6.0 Fair Value Measurements at December 31, 2015 Using Total carrying value at December Quoted Prices in Active Markets (Level 1) Other Observable (Level 2) Significant Unobservable (Level 3) Money market fund $ 13.7 $ 13.7 $ — $ — The carrying values of cash and cash equivalents, accounts receivable, accounts payable, and short-term debt approximated their fair values as of March 31, 2016 and December 31, 2015 due to the short-term nature of these instruments.

Litigation and Other Contingenc

Litigation and Other Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Litigation and Other Contingencies	Note Thirteen — Litigation and Other Contingencies The Company is a party to various agreements, including all client contracts, under which it may be obligated to indemnify the other party with respect to certain matters, including, but not limited to, indemnification against third-party claims of infringement of intellectual property rights with respect to services, software, and other deliverables provided by the Company. These obligations may be subject to various limitations on the remedies available to the other party, including, without limitation, limits on the amounts recoverable and the time during which claims may be made, and may be supported by indemnities given to the Company by applicable third parties. Payment by the Company under these indemnification clauses is generally subject to the other party making a claim that is subject to challenge by the Company. Historically, the Company has not been obligated to pay any claim for indemnification under its agreements, and management is not aware of future indemnification payments that it would be obligated to make. Under its by-laws, subject to certain exceptions, the Company has agreed to indemnify its corporate officers and directors for certain events or occurrences while the officer or director is, or was, serving at its request in such capacity or in certain related capacities. The Company has separate indemnification agreements with each of its directors and corporate officers that requires it, subject to certain exceptions, to indemnify them to the fullest extent authorized or permitted by its by-laws and the Delaware General Corporation Law. The maximum potential amount of future payments the Company could be required to make under these indemnification agreements is unlimited; however, the Company has a director and officer liability insurance policy that limits its exposure and enables it to recover a portion of any amounts paid under these indemnification agreements. As a result of its insurance policy coverage, the Company believes the estimated fair value of these indemnification agreements is minimal. The Company had no liabilities recorded for these agreements as of March 31, 2016.

Recent Accounting Pronounceme20

Recent Accounting Pronouncements (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Changes And Error Corrections [Abstract]
Recent Accounting Pronouncements	In March 2016, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting (Topic 718). The pronouncement is intended to simplify the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. The guidance also allows for the employer to repurchase more of an employee’s shares for tax withholding purposes without triggering liability accounting. In addition, the guidance allows for a policy election to account for forfeitures as they occur rather than on an estimated basis. The amendments in this update are effective for annual periods beginning after December 15, 2016. The Company is currently evaluating the impact of this update on its consolidated financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842). The pronouncement is intended to improve financial reporting of leasing transactions. The ASU affects any entity that enters into a lease (as that term is defined in the ASU) with certain specified scope exemptions. The ASU will require organizations that lease assets referred to as “lessees” to recognize on the balance sheet the assets and liabilities for the rights and obligations created by those leases. The pronouncement will be effective for fiscal years beginning after December 15, 2018. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements. In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740). The pronouncement simplifies the presentation of deferred income taxes and requires that deferred income tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The pronouncement is effective for reporting periods beginning after December 15, 2016 and interim periods within those annual periods. The adoption of ASU 2015-17 is not expected to have a material impact on the Company’s consolidated financial statements. In May 2014, FASB issued ASU 2014-09: Revenue from Contracts with Customers (Topic 606). The guidance sets forth a new five-step revenue recognition model that replaces the prior revenue recognition guidance in its entirety and is intended to eliminate numerous industry-specific pieces of revenue recognition guidance that have historically existed in GAAP. The underlying principle of the new standard is that a business or other organization will recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects what it expects in exchange for the goods or services. ASU 2014-09 provides alternative methods of initial adoption and is effective for annual periods beginning after December 15, 2017 and interim periods within those annual periods. Early adoption is not permitted prior to December 15, 2016. The Company is currently evaluating the impact of this standard on its consolidated financial statements.

Current Prepaid Expenses (Table

Current Prepaid Expenses (Tables)	3 Months Ended
	Mar. 31, 2016
Prepaid Expenses Disclosure [Abstract]
Summary of Current Prepaid Expenses	Current prepaid expenses consisted of the following: As of (In millions) March 31, 2016 December 31, 2015 Deferred costs $ 1.6 $ 1.6 Prepaid commissions 1.4 1.4 Other 2.1 1.6 Total $ 5.1 $ 4.6

Other Long-Term Assets (Tables)

Other Long-Term Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Investments All Other Investments [Abstract]
Other Long-Term Assets	Other long-term assets consisted of the following As of (In millions) March 31, 2016 December 31, 2015 Deferred costs $ 0.8 $ 0.9 Prepaid commissions 1.0 1.2 Deferred tax asset 0.1 0.1 Other 0.3 0.3 Total $ 2.2 $ 2.5

Other Current Liabilities (Tabl

Other Current Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Other Liabilities Disclosure [Abstract]
Other Current Liabilities	Other current liabilities consist of the following: As of (In millions) March 31, 2016 December 31, 2015 Accrued vendor payable $ 0.7 $ 0.7 Other 1.6 1.1 Total $ 2.3 $ 1.8

Leases (Tables)

Leases (Tables)	3 Months Ended
	Mar. 31, 2016
Leases [Abstract]
Schedule of Future Minimum Lease Payments Under Capital Leases	The following is a schedule, by year, of future minimum lease payments under capital leases, together with the present value of the net minimum lease payments as of March 31, 2016: (In millions) Year Amount 2016 $ 1.8 2017 1.7 2018 0.9 2019 — Total minimum lease payments $ 4.4 Less: estimated executory costs — Net minimum lease payments $ 4.4 Less: amount representing interest (0.3 ) Present value of minimum lease payments $ 4.1

Other Long-Term Liabilities (Ta

Other Long-Term Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Payables And Accruals [Abstract]
Summary of Other Long-Term Liabilities	Other long-term liabilities consist of the following: As of (In millions) March 31, 2016 December 31, 2015 Series B convertible preferred stock dividend payable $ 2.2 $ 2.1 Intellectual property purchase liability 1.4 1.6 Deferred tax liability 0.3 0.3 Other 1.6 1.7 Total $ 5.5 $ 5.7

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation Expense	For the Three Months Ended March 31, March 31, 2016 2015 Stock-based compensation expense (in millions) $ 1.6 $ 1.4
Restricted Stock Awards Granted	Restricted stock awards granted during the three months ended March 31, 2016 were as follows: Description Grant Date Shares Vesting Schedule Grants to employees 2/12/2016 663,273 50% on February 28, 2018, then 6.25% quarterly thereafter; or 100% on February 28, 2017; or vest ratably over 16 quarters. Grants to employees 2/17/2016 36,364 25% on November 30, 2016, then 6.25% quarterly thereafter; or 25% on February 28, 2017, then 6.25% quarterly thereafter. Total 699,637
Restricted Stock Award Activity	Restricted stock award activity was as follows for the three months ended March 31, 2016: Shares Weighted Average Price Unvested balance at December 31, 2015 834,225 $ 6.49 Granted 699,637 $ 3.99 Vested (74,558 ) $ 5.82 Forfeited (5,000 ) $ 7.45 Unvested balance at March 31, 2016 1,454,304 $ 5.32 For March 31, 2016 March 31, 2015 (In millions) Total fair value of restricted stock awards vested $ 0.4 $ 2.0 Compensation expense related to restricted stock awards 0.6 0.6
Stock Options	Stock options granted during the three months ended March 31, 2016 were as follows: Description Grant Date Options Granted Grant Price Expiration Date Vesting Schedule Grants to employees 2/12/2016 20,000 $ 3.97 2/12/2026 6.25% on February 29, 2016, then quarterly at 6.25% thereafter. Grants to employees 2/17/2016 25,000 $ 4.40 2/17/2026 25% on February 28, 2017, then quarterly at 6.25% thereafter. Total 45,000
Stock Option Activity	Stock option activity was as follows for the three months ended March 31, 2016: Options Weighted Average Exercise Price Weighted Remaining Contractual Life (Years) Weighted Average Fair Value of Option Grants Outstanding as of December 31, 2015 2,607,417 $ 7.41 Granted 45,000 $ 4.21 $ 2.05 Exercised (56,250 ) $ 4.20 Forfeited (912 ) $ 4.95 Outstanding as of March 31, 2016 2,595,255 $ 7.42 5.9 Exercisable as of March 31, 2016 2,009,730 $ 7.96 Outstanding intrinsic value at March 31, 2016 (in millions) — Exercisable intrinsic value at March 31, 2016 (in millions) — For the Three Months Ended March 2016 March 31, 2015 (In millions) Compensation expense related to option awards $ 0.3 $ 0.4 For the Three Months Ended (In millions) March 2016 March 31, 2015 Total fair value of stock options vested $ 0.3 $ 0.4 Intrinsic value of stock options exercised* $ — $ — Proceeds received from option exercises $ 0.2 $ 0.1 * Less than $0.1 million.
Fair Value for Options Granted	The following assumptions represent the year-to-date weighted average for all options granted: For the Three Months Ended March 2016 March 31, 2015 Risk-free interest rates 1.08 % 1.40 % Expected dividend yield — — Expected volatility 54 % 60 % Expected lives 5.5 years 6 years
Employee Stock Purchase Plan	The shares of common stock issued in respect of employee purchases under the ESPP were as follows: For the Three Months Ended March 2016 March 31, 2015 Shares of common stock issued 20,588 9,897 Expense related to ESPP (in thousands) $ 18 $ 14
Fair Value of ESPP Purchases	The fair value of ESPP purchases for the three months ended March 31, 2016 and March 31, 2015 was estimated using a Black-Scholes pricing model. The Company used the following year-to-date weighted average assumptions: For the Three Months Ended March 2016 March 31, 2015 Risk-free interest rates 0.17 % 0.02 % Expected dividend yield — — Expected volatility 27 % 39 % Expected lives 0.25 years 0.24 years

Loss Per Share (Tables)

Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Calculation of Basic and Diluted Loss Per Share	The following table sets forth the computation of the loss and shares used in the calculation of basic and diluted loss per share: For the Three Months Ended (In millions) March 2016 March 31, 2015 Net loss $ (5.8 ) $ (3.8 ) Dividends related to 7% Series B convertible preferred stock (1) (0.2 ) (0.2 ) Net loss available to common stockholders $ (6.0 ) $ (4.0 ) Per share of common stock: Basic/diluted net loss available to common stockholders $ (0.24 ) $ (0.18 ) (In thousands) Weighted average shares outstanding (basic and diluted) 25,064 21,877 Currently anti-dilutive common stock equivalents (2) 1,832 2,095 (1) The Company’s Board of Directors did not declare a dividend payment on the Company’s 7% Series B Convertible Preferred Stock (the “Series B Stock”), which was accrued, for each of the dividend periods from July 1, 2012 through March 31, 2016 (the aggregate amount of these dividends was approximately $2.2 million). (2) In periods in which there was a loss, the effect of common stock equivalents, which is primarily related to the Series B Stock, was not included in the diluted loss per share calculation as it was anti-dilutive.

Fair Value of Financial Instr28

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Assets and Liabilities Carried at Fair Value Measured on Recurring Basis	The following table provides the assets and liabilities carried at fair value measured on a recurring basis as of March 31, 2016 and December 31, 2015: (In millions) Fair Value Measurements at March 31, 2016 Using Total carrying value at March 31, 2016 Quoted Active Markets (Level 1) Other Observable (Level 2) Significant Unobservable (Level 3) Money market fund $ 24.1 $ 24.1 $ — $ — Long-term debt $ 6.0 $ — $ — $ 6.0 Fair Value Measurements at December 31, 2015 Using Total carrying value at December Quoted Prices in Active Markets (Level 1) Other Observable (Level 2) Significant Unobservable (Level 3) Money market fund $ 13.7 $ 13.7 $ — $ —

Current Prepaid Expenses - Addi

Current Prepaid Expenses - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016
Short Term [Member] | Minimum [Member]
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Line Items]
Current prepaid expense recognition period - long term subscription projects	3 months
Short Term [Member] | Maximum [Member]
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Line Items]
Current prepaid expense recognition period - long term subscription projects	12 months
Long Term [Member] | Minimum [Member]
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Line Items]
Current prepaid expense recognition period - long term subscription projects	3 years
Long Term [Member] | Maximum [Member]
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Line Items]
Current prepaid expense recognition period - long term subscription projects	5 years

Current Prepaid Expenses - Summ

Current Prepaid Expenses - Summary of Current Prepaid Expenses (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Deferred costs	$ 1,600	$ 1,600
Prepaid commissions	1,400	1,400
Other	2,100	1,600
Total	$ 5,121	$ 4,582

Other Long-Term Assets - Additi

Other Long-Term Assets - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016
Minimum [Member]
Other Long Term Assets [Line Items]
Costs recognized agreements term	3 years
Maximum [Member]
Other Long Term Assets [Line Items]
Costs recognized agreements term	5 years

Other Long-Term Assets - Other

Other Long-Term Assets - Other Long-Term Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Assets Noncurrent Disclosure [Abstract]
Deferred costs	$ 800	$ 900
Prepaid commissions	1,000	1,200
Deferred tax asset	100	100
Other	300	300
Total	$ 2,226	$ 2,467

Short-Term Debt - Additional In

Short-Term Debt - Additional Information (Detail) - SVB Credit Facility [Member] - USD ($)	Mar. 25, 2016	Mar. 31, 2016	Mar. 31, 2015
Line of Credit Facility [Line Items]
Line of credit borrowing capacity description		The maximum available amount under the revolving line of credit is the lesser of $15.0 million or three times the most recent month’s monthly recurring revenue.
Minimum [Member]
Line of Credit Facility [Line Items]
Debt instrument unused amount including unrestricted cash deposit	$ 17,000,000
Revolving Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit	15,000,000
Availability of maximum line of credit	$ 15,000,000
Maturity period of credit facility	Mar. 31, 2018
Annual commitment fee	$ 100,000
Early termination fee in first year	1.00%
Early termination fee prior to maturity	0.25%
Debt interest rate		4.75%
Amount of outstanding credit facility		$ 9,200,000
Revolving Line of Credit [Member] | Maximum [Member]
Line of Credit Facility [Line Items]
Interest on short-term debt		$ 100,000	$ 100,000
Revolving Line of Credit [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Variable interest rate	1.25%
Term Loan [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 6,000,000

Other Current Liabilities - Oth

Other Current Liabilities - Other Current Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Other Liabilities Current [Abstract]
Accrued vendor payable	$ 700	$ 700
Other	1,600	1,100
Other current liabilities, Total	$ 2,342	$ 1,796

Long-Term Debt - Additional Inf

Long-Term Debt - Additional Information (Detail) - Amended [Member] - USD ($)	Mar. 25, 2016	Mar. 31, 2016
Term Loan [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 6,000,000
Maturity period of credit facility	Mar. 1, 2020
Annual commitment fee	$ 100,000
Prepayment amount		$ 500,000
Prepayment increment amount		$ 500,000
Prepayment premium fee percentage, first year	1.00%
Prepayment premium fee percentage, second year	0.50%
Debt interest rate		5.00%
Amount of outstanding credit facility		$ 6,000,000
Term Loan [Member] | Prime Rate [Member]
Line of Credit Facility [Line Items]
Variable interest rate	1.50%
Revolving Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of credit	$ 15,000,000

Leases - Additional Information

Leases - Additional Information (Detail) - Capital Lease Obligations [Member] - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Capital Leased Assets [Line Items]
Depreciation on capital leases	$ 0.5	$ 0.5
Capital Lease One [Member]
Capital Leased Assets [Line Items]
Capital lease terms	24 Months
Capital Lease Two [Member]
Capital Leased Assets [Line Items]
Capital lease terms	36 Months
Computer Equipment and Leasehold Improvements [Member]
Capital Leased Assets [Line Items]
Assets purchased, financed by a capital lease	$ 1	$ 0.6

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Capital Leases (Detail) $ in Millions	Mar. 31, 2016USD ($)
Capital Leases Future Minimum Payments Due [Abstract]
2,016	$ 1.8
2,017	1.7
2,018	0.9
Total minimum lease payments	4.4
Net minimum lease payments	4.4
Less: amount representing interest	(0.3)
Present value of minimum lease payments	$ 4.1

Other Long-Term Liabilities - S

Other Long-Term Liabilities - Summary of Other Long-Term Liabilities (Details) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Payables And Accruals [Abstract]
Series B convertible preferred stock dividend payable	$ 2,200	$ 2,100
Intellectual property purchase liability	1,400	1,600
Deferred tax liability	300	300
Other	1,600	1,700
Total	$ 5,530	$ 5,689

Stock-Based Compensation - Stoc

Stock-Based Compensation - Stock-Based Compensation Expense (Detail) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Unrecognized Stock Based Compensation Expense [Line Items]
Compensation expense	$ 1.6	$ 1.4
Restricted Stock [Member]
Unrecognized Stock Based Compensation Expense [Line Items]
Compensation expense	0.6	0.6
Total fair value of restricted stock awards vested	0.4	2
Stock Options [Member]
Unrecognized Stock Based Compensation Expense [Line Items]
Compensation expense	$ 0.3	$ 0.4

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)shares
Share Based Compensation [Abstract]
Common stock available for grants | shares	2,424,654
Treasury stock issued | shares	755,887
Treasury stock carrying value | $	$ 3.7
Treasury stock of fair value | $	$ 3

Stock-Based Compensation - Rest

Stock-Based Compensation - Restricted Stock Awards Granted (Detail) - Restricted Stock [Member] - shares	Feb. 17, 2016	Feb. 12, 2016	Mar. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock awards Grants			699,637
February 2016 Award Date [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock awards Grants	36,364	663,273	699,637
February 2016 Award Date [Member] | Restricted Stock One [Member] | Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting percentage	25.00%	50.00%
Restricted stock, vesting date	Nov. 30, 2016	Feb. 28, 2018
February 2016 Award Date [Member] | Restricted Stock One [Member] | Vesting Quarterly Thereafter [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting percentage	6.25%	6.25%
February 2016 Award Date [Member] | Restricted Stock Two [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting percentage		100.00%
Restricted stock, vesting date		Feb. 28, 2017
February 2016 Award Date [Member] | Restricted Stock Two [Member] | Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting percentage	25.00%
Restricted stock, vesting date	Feb. 28, 2017
February 2016 Award Date [Member] | Restricted Stock Two [Member] | Vesting Quarterly Thereafter [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting percentage	6.25%
February 2016 Award Date [Member] | Restricted Stock Three [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock, vesting period		Vest ratably over 16 quarters

Stock-Based Compensation - Re42

Stock-Based Compensation - Restricted Stock Award Activity (Detail) - Restricted Stock [Member]	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Restricted stock unvested, beginning balance | shares	834,225
Restricted stock, Shares, Granted | shares	699,637
Restricted stock, Shares, Vested | shares	(74,558)
Restricted stock, Shares, Forfeited | shares	(5,000)
Restricted stock unvested, ending balance | shares	1,454,304
Restricted stock unvested, Weighted Average Price beginning balance | $ / shares	$ 6.49
Restricted stock unvested, Weighted Average Price, Granted | $ / shares	3.99
Restricted stock, Weighted Average Price, Vested | $ / shares	5.82
Restricted stock unvested, Weighted Average Price, Forfeited | $ / shares	7.45
Restricted stock unvested, Weighted Average Price ending balance | $ / shares	$ 5.32

Stock-Based Compensation - Re43

Stock-Based Compensation - Restricted Stock - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Expected weighted average period	1 year 7 months 6 days
Restricted Stock [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Unrecognized compensation expense related to restricted stock awards	$ 4.9
Expected weighted average period	1 year 10 months 24 days

Stock-Based Compensation - St44

Stock-Based Compensation - Stock Options (Detail) - $ / shares	Feb. 17, 2016	Feb. 12, 2016	Mar. 31, 2016
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options purchased shares, grants during the period			45,000
Award date exercise price per share granted to certain employees			$ 4.21
Stock Options [Member] | February 2016 Award Date [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Options purchased shares, grants during the period	25,000	20,000	45,000
Award date exercise price per share granted to certain employees	$ 4.40	$ 3.97
Expiration of options	Feb. 17, 2026	Feb. 12, 2026
Stock Options [Member] | February 2016 Award Date [Member] | Tranche One [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, vesting percentage	25.00%	6.25%
Stock Options, vesting period	Feb. 28, 2017	Feb. 29, 2016
Stock Options [Member] | February 2016 Award Date [Member] | Vesting Quarterly Thereafter [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Stock Options, vesting percentage	6.25%	6.25%

Stock-Based Compensation - St45

Stock-Based Compensation - Stock Option Activity (Detail)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share Based Compensation [Abstract]
Option activity, Outstanding, Beginning balance | shares	2,607,417
Option activity shares, Granted | shares	45,000
Option activity, Exercised | shares	(56,250)
Option activity, Forfeited | shares	(912)
Option activity outstanding, Ending balance | shares	2,595,255
Option activity, Exercisable, Ending balance | shares	2,009,730
Option activity, Weighted Average Exercise Price, Outstanding, Beginning Balance	$ 7.41
Option activity Weighted Average Exercise Price, Granted	4.21
Option activity Weighted Average Exercise Price, Exercised	4.20
Option activity Weighted Average Exercise Price, Forfeited	4.95
Option activity, Weighted Average Exercise Price, Outstanding, Ending Balance	7.42
Option activity Weighted Average Exercise Price, Exercisable, Ending Balance	$ 7.96
Option activity Weighted Average Remaining Contractual Life (Years)	5 years 10 months 24 days
Option activity Weighted Average Fair Value of Option Grants	$ 2.05

Stock-Based Compensation - St46

Stock-Based Compensation - Stock Option Activity Fair Value (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share Based Compensation [Abstract]
Total fair value of stock options vested	$ 300	$ 400
Proceeds received from option exercises	$ 277	$ 59

Stock-Based Compensation - St47

Stock-Based Compensation - Stock Option Activity Fair Value (Parenthetical) (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Maximum [Member]
Share Based Compensation Arrangement By Share Based Payment Award [Line Items]
Intrinsic value of stock options exercised	$ 100,000	$ 100,000

Stock-Based Compensation - St48

Stock-Based Compensation - Stock Options - Additional Information (Detail) $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Share Based Compensation [Abstract]
Unrecognized compensation expense related to stock options	$ 1.8
Expected weighted average period	1 year 7 months 6 days

Stock-Based Compensation - Fair

Stock-Based Compensation - Fair Value Assumptions and Methodology (Detail)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
ESPP [Member]
Fair value for options granted
Risk-free interest rates	0.17%	0.02%
Expected dividend yield	0.00%	0.00%
Expected volatility	27.00%	39.00%
Expected lives	3 months	2 months 27 days
Stock Options [Member]
Fair value for options granted
Risk-free interest rates	1.08%	1.40%
Expected dividend yield	0.00%	0.00%
Expected volatility	54.00%	60.00%
Expected lives	5 years 6 months	6 years

Stock-Based Compensation - Empl

Stock-Based Compensation - Employee Stock Purchase Plan (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Share Based Compensation [Abstract]
Shares of common stock issued	20,588	9,897
Expense related to ESPP	$ 18	$ 14

Loss Per Share - Calculation of

Loss Per Share - Calculation of Basic and Diluted Loss Per Share (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Earnings Per Share [Abstract]
Net loss	$ (5,821)	$ (3,817)
Dividends related to 7% Series B convertible preferred stock	(143)	(147)
Net loss available to common stockholders	$ (5,964)	$ (3,964)
Per share of common stock:
Basic/diluted net loss available to common stockholders	$ (0.24)	$ (0.18)
Weighted average shares outstanding (basic and diluted)	25,064	21,877
Currently anti-dilutive common stock equivalents	1,832	2,095

Loss Per Share - Calculation 52

Loss Per Share - Calculation of Basic and Diluted Loss Per Share (Parenthetical) (Detail) - Series B Stock [Member] $ in Millions	3 Months Ended
	Mar. 31, 2016USD ($)
Antidilutive Securities Excluded From Computation Of Earnings Per Share [Line Items]
Convertible preferred stock interest rate	7.00%
Suspended dividend payment	$ 2.2

Fair Value of Financial Instr53

Fair Value of Financial Instruments - Assets and Liabilities Carried at Fair Value Measured on Recurring Basis (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market fund	$ 24.1	$ 13.7
Quoted Prices in Active Markets (Level 1) [Member] | Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market fund	24.1	$ 13.7
Long-Term Debt [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	6
Long-Term Debt [Member] | Significant Unobservable (Level 3) [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term debt	$ 6

Litigation and Other Continge54

Litigation and Other Contingencies - Additional Information (Detail)	Mar. 31, 2016USD ($)
Indemnification Agreement [Member]
Loss Contingencies [Line Items]
Recorded liabilities corresponding to agreements	$ 0