ChannelAdvisor (ECOM) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Jun. 30, 2020	Jul. 31, 2020
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2020
Document Transition Report	false
Entity File Number	001-35940
Entity Registrant Name	CHANNELADVISOR CORPORATION
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	56-2257867
Entity Address, Address Line One	3025 Carrington Mill Boulevard
Entity Address, City or Town	Morrisville
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	27560
City Area Code	919
Local Phone Number	228-4700
Title of 12(b) Security	Common Stock, $0.001 par value
Trading Symbol	ECOM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding (in shares)		28,684,466
Amendment Flag	false
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Entity Central Index Key	0001169652
Current Fiscal Year End Date	--12-31

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 63,875	$ 51,785
Accounts receivable, net of allowance of $468 and $733 as of June 30, 2020 and December 31, 2019, respectively	23,864	22,126
Prepaid expenses and other current assets	11,772	10,452
Total current assets	99,511	84,363
Operating lease right of use assets	9,474	11,128
Property and equipment, net	9,066	9,597
Goodwill	23,486	23,486
Intangible assets, net	981	1,285
Deferred contract costs, net of current portion	12,797	12,810
Long-term deferred tax assets, net	2,908	3,584
Other assets	764	614
Total assets	158,987	146,867
Current liabilities:
Accounts payable	401	409
Accrued expenses	11,608	8,577
Deferred revenue	19,264	21,000
Other current liabilities	5,088	6,431
Total current liabilities	36,361	36,417
Long-term operating leases, net of current portion	7,450	9,767
Long-term finance leases, net of current portion	15	27
Other long-term liabilities	815	1,007
Total liabilities	44,641	47,218
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 5,000,000 shares authorized, no shares issued and outstanding as of June 30, 2020 and December 31, 2019	0	0
Common stock, $0.001 par value, 100,000,000 shares authorized, 28,647,086 and 28,077,469 shares issued and outstanding as of June 30, 2020 and December 31, 2019, respectively	29	28
Additional paid-in capital	284,075	278,111
Accumulated other comprehensive loss	(2,241)	(1,740)
Accumulated deficit	(167,517)	(176,750)
Total stockholders' equity	114,346	99,649
Total liabilities and stockholders' equity	158,987	146,867
Allowance for doubtful accounts receivable, current	$ 468	$ 733
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	28,647,086	28,077,469
Common stock, shares outstanding (in shares)	28,647,086	28,077,469

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Allowance for doubtful accounts receivable, current	$ 468	$ 733
Stockholders' equity:
Preferred stock, par value (in dollars per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	28,647,086	28,077,469
Common stock, shares outstanding (in shares)	28,647,086	28,077,469

UNAUDITED CONDENSED CONSOLIDATE

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue	$ 37,443	$ 31,932	$ 69,475	$ 63,506
Cost of revenue	7,053	7,096	14,116	14,625
Gross profit	30,390	24,836	55,359	48,881
Operating expenses:
Sales and marketing	12,619	14,092	24,959	28,405
Research and development	4,543	5,025	9,344	10,358
General and administrative	6,033	7,133	11,768	13,832
Total operating expenses	23,195	26,250	46,071	52,595
Income (loss) from operations	7,195	(1,414)	9,288	(3,714)
Other income:
Interest income, net	85	211	211	394
Other income, net	31	32	39	12
Total other income	116	243	250	406
Income (loss) before income taxes	7,311	(1,171)	9,538	(3,308)
Income tax expense	325	167	545	359
Net income (loss)	$ 6,986	$ (1,338)	$ 8,993	$ (3,667)
Net income (loss) per share:
Basic (in dollars per share)	$ 0.25	$ (0.05)	$ 0.32	$ (0.13)
Diluted (in dollars per share)	$ 0.24	$ (0.05)	$ 0.31	$ (0.13)
Weighted average common shares outstanding:
Basic	28,489,086	27,925,728	28,325,426	27,710,584
Diluted	29,700,524	27,925,728	29,362,886	27,710,584

UNAUDITED CONDENSED CONSOLIDA_2

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,986	$ (1,338)	$ 8,993	$ (3,667)
Other comprehensive income (loss):
Foreign currency translation adjustments	299	(143)	(501)	(65)
Total comprehensive income (loss)	$ 7,285	$ (1,481)	$ 8,492	$ (3,732)

UNAUDITED CONDENSED CONSOLIDA_3

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities
Net income (loss)	$ 8,993	$ (3,667)
Adjustments to reconcile net income (loss) to cash and cash equivalents provided by operating activities:
Depreciation and amortization	3,000	3,142
Bad debt expense	504	434
Stock-based compensation expense	5,470	6,199
Deferred income taxes	532	352
Other items, net	(420)	192
Changes in assets and liabilities:
Accounts receivable	(2,426)	344
Prepaid expenses and other assets	(850)	1,609
Deferred contract costs	(901)	(1,836)
Accounts payable and accrued expenses	1,177	(1,157)
Deferred revenue	(1,623)	(1,082)
Cash and cash equivalents provided by operating activities	13,456	4,530
Cash flows from investing activities
Purchases of property and equipment	(580)	(249)
Payment of software development costs	(1,407)	(1,293)
Cash and cash equivalents used in investing activities	(1,987)	(1,542)
Cash flows from financing activities
Repayment of finance leases	(1,415)	(1,902)
Proceeds from exercise of stock options	2,134	951
Payment of statutory tax withholding related to net-share settlement of restricted stock units	0	(169)
Cash and cash equivalents provided by (used in) financing activities	719	(1,120)
Effect of currency exchange rate changes on cash and cash equivalents	(98)	(28)
Net increase in cash and cash equivalents	12,090	1,840
Cash and cash equivalents, beginning of period	51,785	47,185
Cash and cash equivalents, end of period	63,875	49,025
Supplemental disclosure of cash flow information
Cash paid for interest	105	214
Cash paid for income taxes, net	163	7
Supplemental disclosure of noncash investing and financing activities
Accrued statutory tax withholding related to net-share settlement of restricted stock units	1,639	3,089
Accrued capital expenditures	$ 203	$ 44

Description of the Business

Description of the Business	6 Months Ended
	Jun. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF THE BUSINESS	DESCRIPTION OF THE BUSINESSChannelAdvisor Corporation ("ChannelAdvisor" or the "Company") was incorporated in the state of Delaware and capitalized in June 2001. The Company began operations in July 2001. ChannelAdvisor is a provider of software-as-a-service, or SaaS, solutions and its mission is to connect and optimize the world's commerce. ChannelAdvisor's SaaS cloud platform helps brands and retailers worldwide improve their online performance by expanding sales channels, connecting with consumers around the world, optimizing their operations for peak performance and providing actionable analytics to improve competitiveness. The Company is headquartered in Morrisville, North Carolina and maintains sales, service, support and research and development offices in various domestic and international locations.

Significant Accounting Policies

Significant Accounting Policies	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation. Interim Condensed Consolidated Financial Information The accompanying condensed consolidated financial statements and footnotes have been prepared in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, for interim financial information. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of financial position, the results of operations, comprehensive loss and cash flows. The results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results for the full year or the results for any future periods, especially in light of the potential effects of the novel coronavirus, or COVID-19, pandemic on the Company’s business, operations and financial performance. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related footnotes for the year ended December 31, 2019, or fiscal 2019, which are included in the Company's Annual Report on Form 10-K for fiscal 2019. There have been no material changes to the Company's significant accounting policies from those described in the footnotes to the audited financial statements contained in the Company's Annual Report on Form 10-K for fiscal 2019. Recent Accounting Pronouncements Standard Description Effect on the Financial Statements or Other Significant Matters Standards that the Company adopted as of January 1, 2020 Financial Instruments: ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Effective date: January 1, 2020 This standard replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The Company adopted this standard effective January 1, 2020. The adoption did not have a material impact on its consolidated financial statements, although it resulted in a change in accounting policy for accounts receivable. Refer to "Accounts Receivable" below for additional information regarding the Company’s accounting policy for accounts receivable following the adoption of ASU 2016-13. Intangibles: ASU 2018-15, Intangibles -Goodwill and Other - Internal-Use Software (Subtopic 350-40) Effective date: January 1, 2020 This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this standard effective January 1, 2020. The adoption did not have an impact on its consolidated financial statements. Income Taxes: ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes Effective date: January 1, 2020 This standard amends the approaches and methodologies in accounting for income taxes during interim periods and makes changes to certain income tax classifications. The new standard allows exceptions to the use of the incremental approach for intra-period tax allocation, when there is a loss from continuing operations and income or a gain from other items, and to the general methodology for calculating income taxes in an interim period, when a year-to-date loss exceeds the anticipated loss for the year. The standard also requires franchise or similar taxes partially based on income to be reported as income tax and the effects of enacted changes in tax laws or rates to be included in the annual effective tax rate computation from the date of enactment. Lastly, the Company would be required to evaluate when the step-up in the tax basis of goodwill is part of the business combination and when it should be considered a separate transaction. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company early adopted this standard effective January 1, 2020. The early adoption did not have a material impact on its consolidated financial statements or related disclosures. The Company has reviewed new accounting pronouncements that were issued during the six months ended June 30, 2020 and does not believe that these pronouncements are applicable to the Company, or that they will have a material impact on its financial position or results of operations. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, income taxes, assumptions used for purposes of determining stock-based compensation, leases, including estimating lease terms and extensions, and revenue recognition, including standalone selling prices for contracts with multiple performance obligations and the expected period of benefit for deferred contract costs, among others. Estimates and assumptions are also required to value assets acquired and liabilities assumed in conjunction with business combinations. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities. Accounts Receivable The Company extends credit to customers without requiring collateral. Accounts receivable are stated at amortized cost, net of an allowance for credit losses. The Company records an allowance for credit losses at the time that accounts receivable are initially recorded based on consideration of the current economic environment, expectations of future economic conditions, the Company's historical collection experience and a loss-rate approach whereby impairment is calculated by multiplying an estimated loss rate by the asset’s amortized cost at the balance sheet date. The Company reassesses the allowance at each reporting date. When it becomes apparent, based on age or customer circumstances, that such amounts will not be collected, they are charged to the allowance. Payments subsequently received are credited to the credit loss expense account included within general and administrative expense in the condensed consolidated statements of operations.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Attributable to Parent [Abstract]
STOCKHOLDERS' EQUITY	STOCKHOLDERS' EQUITY The following table summarizes quarterly stockholders' equity activity for the six-month periods ended June 30, 2020 and 2019 (in thousands, except number of shares): Quarterly Activity For The Six Months Ended June 30, 2020 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2019 28,077,469 $ 28 $ 278,111 $ (1,740) $ (176,750) $ 99,649 Cumulative effect of accounting change (1) — — — — 240 240 Exercise of stock options and vesting of restricted stock units 394,998 — 87 — — 87 Stock-based compensation expense — — 2,914 — — 2,914 Statutory tax withholding related to net-share settlement of restricted stock units (107,398) — (980) — — (980) Net income — — — — 2,007 2,007 Foreign currency translation adjustments — — — (800) — (800) Balance, March 31, 2020 28,365,069 28 280,132 (2,540) (174,503) 103,117 Exercise of stock options and vesting of restricted stock units 330,692 1 2,046 — — 2,047 Stock-based compensation expense — — 2,556 — — 2,556 Statutory tax withholding related to net-share settlement of restricted stock units (48,675) — (659) — — (659) Net income — — — — 6,986 6,986 Foreign currency translation adjustments — — — 299 — 299 Balance, June 30, 2020 28,647,086 $ 29 $ 284,075 $ (2,241) $ (167,517) $ 114,346 (1) The Company recorded a reduction to accumulated deficit at January 1, 2020 as a result of its adoption of ASU 2016-13, Financial Instruments - Credit Losses . Quarterly Activity For The Six Months Ended June 30, 2019 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2018 27,347,115 $ 27 $ 271,550 $ (1,707) $ (180,232) $ 89,638 Exercise of stock options and vesting of restricted stock units 681,944 1 936 — — 937 Stock-based compensation expense — — 3,398 — — 3,398 Statutory tax withholding related to net-share settlement of restricted stock units (178,071) — (2,277) — — (2,277) Net loss — — — — (2,329) (2,329) Foreign currency translation adjustments — — — 78 — 78 Balance, March 31, 2019 27,850,988 28 273,607 (1,629) (182,561) 89,445 Exercise of stock options and vesting of restricted stock units 290,346 — 15 — — 15 Stock-based compensation expense — — 2,801 — — 2,801 Statutory tax withholding related to net-share settlement of restricted stock units (98,975) — (981) — — (981) Net loss — — — — (1,338) (1,338) Foreign currency translation adjustments — — — (143) — (143) Balance, June 30, 2019 28,042,359 $ 28 $ 275,442 $ (1,772) $ (183,899) $ 89,799

Goodwill and Intangible Assets

Goodwill and Intangible Assets	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
GOODWILL AND INTANGIBLE ASSETS	GOODWILL AND INTANGIBLE ASSETS The Company has acquired intangible assets in connection with its business acquisitions. These assets were recorded at their estimated fair values at the acquisition date and are being amortized over their respective estimated useful lives using the straight-line method. The estimated useful lives and amortization methodology used in computing amortization are as follows: Estimated Useful Life Amortization Methodology Customer relationships 7 years Straight-line Acquired technology 7 years Straight-line Amortization expense associated with the Company's intangible assets was $0.2 million for each of the three months ended June 30, 2020 and 2019, and $0.3 million for each of the six months ended June 30, 2020 and 2019. There were no changes to the Company's goodwill during the six months ended June 30, 2020.

Capitalized Software Developmen

Capitalized Software Development Costs	6 Months Ended
	Jun. 30, 2020
Property, Plant and Equipment [Abstract]
CAPITALIZED SOFTWARE DEVELOPMENT COSTS	CAPITALIZED SOFTWARE DEVELOPMENT COSTSCapitalized software development costs related to creating internally developed software and implementing software purchased for internal use are included in property and equipment in the accompanying condensed consolidated balance sheets. The Company capitalized software development costs of $0.7 million and $0.8 million during the three months ended June 30, 2020 and 2019, respectively, and $1.4 million and $1.3 million during the six months ended June 30, 2020 and 2019, respectively. Amortization expense related to capitalized internally developed software was $0.4 million and $0.2 million during the three months ended June 30, 2020 and 2019, respectively, and $0.8 million and $0.3 million during the six months ended June 30, 2020 and 2019, respectively, and is included in cost of revenue or general and administrative expense in the accompanying condensed consolidated statements of operations, depending upon the nature of the software development project. The net book value of capitalized internally developed software was $3.5 million and $2.9 million at June 30, 2020 and December 31, 2019, respectively.

Revenue from Contracts with Cus

Revenue from Contracts with Customers	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
REVENUE FROM CONTRACTS WITH CUSTOMERS	REVENUE FROM CONTRACTS WITH CUSTOMERS Revenue Recognition and Disaggregation of Revenue The Company derives the majority of its revenue from subscription fees paid for access to and usage of its SaaS solutions for a specified period of time. A portion of the subscription fee is typically fixed and is based on a specified minimum amount of gross merchandise value, or GMV, or advertising spend that a customer expects to process through the Company's platform over the contract term. The remaining portion of the subscription fee is variable and is based on a specified percentage of GMV or advertising spend processed through the Company's platform in excess of the customer's specified minimum GMV or advertising spend amount. In addition to subscription fees, contracts with customers may include implementation fees for launch assistance and training. Fixed subscription and implementation fees are billed in advance of the subscription term and are due in accordance with contract terms, which generally provide for payment within 30 days. Variable fees are subject to the same payment terms, although they are generally billed the month after they are incurred. The Company also generates revenue from its solutions that allow brands to direct potential consumers from their websites and digital marketing campaigns to authorized resellers. The majority of the Company's contracts have a one year term. The Company's contractual arrangements include performance, termination and cancellation provisions, but do not provide for refunds. Customers do not have the contractual right to take possession of the Company's software at any time. Sales taxes collected from customers and remitted to government authorities are excluded from revenue. The Company's customers are categorized as follows: Retailers. The Company generally categorizes a customer as a retailer if it primarily focuses on selling third-party products. Brands. The Company generally categorizes a customer as a brand if it primarily focuses on selling its own proprietary products. Other. Other is primarily comprised of strategic partnerships. The following table summarizes revenue disaggregation by customer type for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Retailers $ 23,273 $ 21,002 $ 42,988 $ 42,076 Brands 11,494 9,127 21,780 17,977 Other 2,676 1,803 4,707 3,453 $ 37,443 $ 31,932 $ 69,475 $ 63,506 Contracts with Multiple Performance Obligations Customers may elect to purchase a subscription to multiple modules, multiple modules with multiple service levels, or, for certain of the Company's solutions, multiple brands or geographies. The Company evaluates such contracts to determine whether the services to be provided are distinct and accordingly should be accounted for as separate performance obligations. If the Company determines that a contract has multiple performance obligations, the transaction price, which is the total price of the contract, is allocated to each performance obligation based on a relative standalone selling price method. The Company estimates standalone selling price based on observable prices in past transactions for which the product offering subject to the performance obligation has been sold separately. As the performance obligations are satisfied, revenue is recognized as discussed above in the product descriptions. Transaction Price Allocated to Future Performance Obligations As the Company typically enters into contracts with customers for a twelve Deferred Revenue Deferred revenue represents the unearned portion of subscription and implementation fees. Deferred revenue is recorded when cash payments are received in advance of performance. Deferred amounts are generally recognized within one year. Deferred revenue is included in the accompanying condensed consolidated balance sheets under "Total current liabilities," net of any long-term portion that is included in "Other long-term liabilities." The following table summarizes deferred revenue activity for the six months ended June 30, 2020 (in thousands): Balance, beginning of period Net additions Revenue recognized Balance, end of period Deferred revenue $ 21,459 49,599 (51,512) $ 19,546 Of the $69.5 million of revenue recognized in the six months ended June 30, 2020, $10.8 million was included in deferred revenue at January 1, 2020. Costs to Obtain Contracts The Company capitalizes sales commissions and a portion of other incentive compensation costs that are directly related to obtaining customer contracts and that would not have been incurred if the contract had not been obtained. These costs are included in the accompanying condensed consolidated balance sheets and are classified as "Prepaid expenses and other current assets," net of any long-term portion that is included in "Deferred contract costs, net of current portion." As of June 30, 2020, $6.3 million was included in "Prepaid expenses and other current assets." Deferred contract costs are amortized to sales and marketing expense over the expected period of benefit, which the Company has determined to be five years based on the estimated customer relationship period. The following table summarizes deferred contract cost activity for the six months ended June 30, 2020 (in thousands): Balance, beginning of period Additions Amortized costs (1) Balance, end of period Deferred contract costs $ 18,414 3,857 (3,194) $ 19,077 (1) Includes contract costs amortized to sales and marketing expense during the period and the impact from foreign currency exchange rate fluctuations.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	STOCK-BASED COMPENSATIONIn February 2020, the Company’s Compensation Committee implemented changes to the equity compensation program for the Company’s executive officers. Beginning in 2020, 50% of each executive's equity awards were granted in the form of performance-based vesting restricted stock units, or PSUs, that are eligible for vesting only if the Company achieves pre-defined targets set by the Compensation Committee for the Company’s combined year-over-year revenue growth and adjusted earnings before interest, tax, depreciation and amortization, or EBITDA, margin over a multi-year measurement period (a two-year measurement period for fiscal 2020 grants), subject to the executive’s continued service with the Company. For any PSUs to vest, revenue growth must be positive over the performance period. Vesting of these PSU awards is based on a sliding scale of actual performance against the pre-defined goals. The sliding scale ranges from zero vesting and forfeiture of the awards if the Company does not achieve the performance threshold, to an award of up to 150% of the target number of awards if the pre-defined maximum performance is achieved. As soon as reasonably practicable after the completion of the performance period, the Compensation Committee will determine the level of attainment of the performance goal and if the performance threshold is achieved, on the second anniversary of the grant date, subject to the executive’s continued service as of that date, 50% of the earned PSU awards will vest and, on the third anniversary of the grant date, the remaining 50% of earned PSU awards will vest, subject to the executive’s continued service as of that date. The Committee may make adjustments to the manner in which the achievement is determined as it deems equitable and appropriate to exclude the effect of unusual, non-recurring or infrequent matters, transactions or events affecting the Company or its consolidated financial statements; changes in accounting principles, practices or policies or in tax laws or other laws or requirements; or other similar events, matters or changed circumstances. Each adjustment, if any, shall be made solely for the purpose of maintaining the intended economics of the award in light of changed circumstances to prevent the dilution or enlargement of the executive’s rights with respect to the PSUs. The fair value of the PSU awards is determined using the Company’s stock price on the grant date. These awards are equity classified and will be expensed over the requisite service period based on the extent to which achievement of the performance metrics is probable. The Company recognizes stock-based compensation expense using the accelerated attribution method, net of estimated forfeitures, in which compensation cost for each vesting tranche in an award is recognized ratably from the service inception date to the vesting date for that tranche. Stock-based compensation expense is included in the following line items in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of revenue $ 238 $ 191 $ 557 $ 576 Sales and marketing 777 737 1,517 1,773 Research and development 543 512 1,223 1,242 General and administrative 998 1,361 2,173 2,608 Total stock-based compensation expense $ 2,556 $ 2,801 $ 5,470 $ 6,199 During the six months ended June 30, 2020, the Company granted the following share-based awards: Number of Shares Underlying Grant Weighted Average Grant Date Fair Value Restricted stock units 620,530 $ 9.62 Performance stock units 142,317 $ 9.27 Total share-based awards 762,847

Net Income (Loss) Per Share

Net Income (Loss) Per Share	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
NET LOSS PER SHARE	NET INCOME (LOSS) PER SHARE Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period. Diluted net income (loss) per share is calculated giving effect to all potentially dilutive shares of common stock, including stock options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method. The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic: Net income (loss) $ 6,986 $ (1,338) $ 8,993 $ (3,667) Weighted average common shares outstanding, basic 28,489,086 27,925,728 28,325,426 27,710,584 Basic net income (loss) per share $ 0.25 $ (0.05) $ 0.32 $ (0.13) Diluted: Net income (loss) $ 6,986 $ (1,338) $ 8,993 $ (3,667) Weighted average common shares outstanding, basic 28,489,086 27,925,728 28,325,426 27,710,584 Dilutive effect of: Stock options 259,774 — 154,854 — Unvested restricted stock units 951,664 — 882,606 — Weighted average common shares outstanding, diluted 29,700,524 27,925,728 29,362,886 27,710,584 Diluted net income (loss) per share $ 0.24 $ (0.05) $ 0.31 $ (0.13) The following equity instruments have been excluded from the calculation of diluted net income (loss) per share because the effect is anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Stock options 603,838 2,586,984 1,329,915 2,586,984 Restricted stock units 25,783 1,521,360 17,878 1,521,360

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. This estimate is used to determine the income tax provision or benefit on a year-to-date basis and may change in subsequent interim periods. The Company's effective tax rate was 4.4% and (14.3)% for the three months ended June 30, 2020 and 2019, respectively, and 5.7% and (10.9)% for the six months ended June 30, 2020 and 2019, respectively. The tax expense for each of the periods was based on U.S. federal, state, local and foreign income taxes. The Company’s effective tax rate for these periods is lower than the U.S. federal statutory rate of 21% primarily due to operating loss carryforwards which are subject to a valuation allowance. The Company cannot recognize the tax benefit of operating loss carryforwards generated in certain jurisdictions due to uncertainties relating to future taxable income in those jurisdictions in terms of both its timing and its sufficiency, which would enable the Company to realize the benefits of those carryforwards. The change in the effective tax rate for the three and six months ended June 30, 2020 compared with the same periods in the prior year is primarily due to the shift from pre-tax loss for the three and six month periods in 2019 to pre-tax income for the three and six month periods in 2020. The Tax Cuts and Jobs Act of 2017, or Tax Act, which went into effect on December 22, 2017, significantly revised the Internal Revenue Code of 1986, as amended. The Tax Act contains, among other things, significant changes to corporate taxation, including reduction of the corporate tax rate from a top marginal rate of 35% to a flat rate of 21%, limitation of the tax deduction for interest expense to 30% of adjusted earnings (except for certain small businesses), repeal of the alternative minimum tax, limitation of the deduction for net operating losses to 80% of current year taxable income, indefinite net operating loss carryforward period and elimination of net operating loss carrybacks, elimination of U.S. tax on foreign earnings (subject to certain important exceptions), immediate deductions for certain new investments instead of deductions for depreciation expense over time, creation of the base erosion anti-abuse tax, the global intangible low taxed income inclusion, which the Company accounts for as a period cost, the foreign derived intangible income deduction and modification or repeal of many business deductions and credits. The Coronavirus, Aid, Relief and Economic Security Act, or CARES Act, was enacted on March 27, 2020. The CARES Act includes both income tax and non-income tax measures to assist companies. Some of the key income tax-related provisions of the CARES Act include the elimination of the 80% limitation on certain net operating loss carryforwards and allowing net operating loss carrybacks, an increase to the interest expense deduction limit, passage of technical corrections to the Tax Cuts and Jobs Act of 2017, and acceleration of the Alternative Minimum Tax Credit refund. In addition to the income tax provisions, the CARES Act includes non-income tax provisions, such as loan programs, penalty and interest-free deferral of certain tax payments, and payroll tax credits. The Company has decided not to apply for any of the loan programs in the CARES Act. The relevant corporate income tax changes have been incorporated into the Company's income tax provision for the three and six months ended June 30, 2020 based on the language in the CARES Act and guidance promulgated prior to the issuance of these financial statements. These corporate tax changes had an insignificant impact on the income tax provision for the three and six months ended June 30, 2020. The Company is also monitoring COVID-19 tax relief developments in U.S. states and foreign jurisdictions where the Company has operations. The Company is currently benefiting from penalty and interest-free tax payment deferral in a few of the jurisdictions where the Company has operations, including deferral of the employer portion of the 2020 U.S. Social Security tax payments as provided in the CARES Act.

Segment and Geographic Informat

Segment and Geographic Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
SEGMENT AND GEOGRAPHIC INFORMATION	SEGMENT AND GEOGRAPHIC INFORMATIONOperating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly by the chief operating decision maker, or CODM, for purposes of allocating resources and evaluating financial performance. The Company's CODM reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. As such, the Company's operations constitute a single operating segment and one reportable segment. Substantially all assets were held in the United States during the six months ended June 30, 2020 and the year ended December 31, 2019. The Company categorizes domestic and international revenue from customers based on their billing address. The following table summarizes revenue by geography for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 (1) 2020 2019 (1) Domestic $ 28,522 $ 23,958 $ 52,436 $ 47,670 International 8,921 7,974 17,039 15,836 Total revenue $ 37,443 $ 31,932 $ 69,475 $ 63,506 (1) Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications had no impact on the reported total revenue for the period.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS Acquisition On July 23, 2020, the Company entered into a Share Purchase Agreement (the "Purchase Agreement") pursuant to which it acquired all of the issued and outstanding shares of Blueboard, a private limited company organized under the laws of France ("BlueBoard"). BlueBoard is headquartered in Paris, France and is a leader in e-commerce analytics. Under the Purchase Agreement, the Company paid to the shareholders of BlueBoard a cash purchase price of $9.0 million, which is subject to adjustment as set forth in the Purchase Agreement. A portion of the purchase price has been placed into escrow to secure the indemnification obligations of BlueBoard’s shareholders until July 22, 2021. In addition to the purchase price paid at the closing, the Company may be obligated to pay up to $3.0 million to the BlueBoard shareholders upon the achievement of specified financial targets set forth in the Purchase Agreement. The initial accounting of the business combination is incomplete as of the issuance date of these financial statements. The Company has not yet determined the acquisition date fair value of the assets acquired and liabilities assumed. Line of Credit On August 5, 2020, the Company established a $25.0 million revolving credit facility that is available for use until August 5, 2023. Proceeds from borrowings under the credit facility may be used for working capital and general corporate purposes, including acquisitions. Up to $10.0 million of the facility is available for letters of credit. Additionally, the Company may request increases to the facility, subject to the consent of the lender, provided that the aggregate amount of such increases during the term do not exceed $10.0 million. Amounts borrowed under the facility will bear interest equal to either a base rate plus 2.25% per annum or LIBOR plus 3.25% per annum. The Company will pay a fee on all outstanding letters of credit at a rate of 3.25% per annum. In addition, the Company shall pay a quarterly fee at a rate of 0.50% per annum on the undrawn portion of the facility. As collateral for extension of credit under the facility, the Company granted security interests in substantially all of its assets and those of one of its subsidiaries. The agreement for the credit facility contains customary representations and warranties and subjects the Company to affirmative and negative covenants. As of the filing date for this Form 10-Q, the Company has not drawn on, or issued any letters of credit under, the credit facility.

Significant Accounting Polici_2

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Principles of Consolidation	The accompanying condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All intercompany accounts and transactions have been eliminated in consolidation.
Interim Condensed Consolidated Financial Information	The accompanying condensed consolidated financial statements and footnotes have been prepared in accordance with generally accepted accounting principles in the United States of America, or U.S. GAAP, as contained in the Financial Accounting Standards Board, or FASB, Accounting Standards Codification, or ASC, for interim financial information. In the opinion of management, the interim financial information includes all adjustments of a normal recurring nature necessary for a fair presentation of financial position, the results of operations, comprehensive loss and cash flows. The results of operations for the three and six months ended June 30, 2020 are not necessarily indicative of the results for the full year or the results for any future periods, especially in light of the potential effects of the novel coronavirus, or COVID-19, pandemic on the Company’s business, operations and financial performance. These unaudited interim financial statements should be read in conjunction with the audited financial statements and related footnotes for the year ended December 31, 2019, or fiscal 2019, which are included in the Company's Annual Report on Form 10-K for fiscal 2019. There have been no material changes to the Company's significant accounting policies from those described in the footnotes to the audited financial statements contained in the Company's Annual Report on Form 10-K for fiscal 2019.
Recent Accounting Pronouncements	Standard Description Effect on the Financial Statements or Other Significant Matters Standards that the Company adopted as of January 1, 2020 Financial Instruments: ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Effective date: January 1, 2020 This standard replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The Company adopted this standard effective January 1, 2020. The adoption did not have a material impact on its consolidated financial statements, although it resulted in a change in accounting policy for accounts receivable. Refer to "Accounts Receivable" below for additional information regarding the Company’s accounting policy for accounts receivable following the adoption of ASU 2016-13. Intangibles: ASU 2018-15, Intangibles -Goodwill and Other - Internal-Use Software (Subtopic 350-40) Effective date: January 1, 2020 This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this standard effective January 1, 2020. The adoption did not have an impact on its consolidated financial statements. Income Taxes: ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes Effective date: January 1, 2020 This standard amends the approaches and methodologies in accounting for income taxes during interim periods and makes changes to certain income tax classifications. The new standard allows exceptions to the use of the incremental approach for intra-period tax allocation, when there is a loss from continuing operations and income or a gain from other items, and to the general methodology for calculating income taxes in an interim period, when a year-to-date loss exceeds the anticipated loss for the year. The standard also requires franchise or similar taxes partially based on income to be reported as income tax and the effects of enacted changes in tax laws or rates to be included in the annual effective tax rate computation from the date of enactment. Lastly, the Company would be required to evaluate when the step-up in the tax basis of goodwill is part of the business combination and when it should be considered a separate transaction. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company early adopted this standard effective January 1, 2020. The early adoption did not have a material impact on its consolidated financial statements or related disclosures.
Use of Estimates	The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the condensed consolidated financial statements and accompanying notes. Actual results could differ from those estimates. On an ongoing basis, the Company evaluates its estimates, including those related to the accounts receivable allowance, the useful lives of long-lived assets and other intangible assets, income taxes, assumptions used for purposes of determining stock-based compensation, leases, including estimating lease terms and extensions, and revenue recognition, including standalone selling prices for contracts with multiple performance obligations and the expected period of benefit for deferred contract costs, among others. Estimates and assumptions are also required to value assets acquired and liabilities assumed in conjunction with business combinations. The Company bases its estimates on historical experience and on various other assumptions that it believes to be reasonable, the results of which form the basis for making judgments about the carrying value of assets and liabilities.
Accounts Receivable	The Company extends credit to customers without requiring collateral. Accounts receivable are stated at amortized cost, net of an allowance for credit losses. The Company records an allowance for credit losses at the time that accounts receivable are initially recorded based on consideration of the current economic environment, expectations of future economic conditions, the Company's historical collection experience and a loss-rate approach whereby impairment is calculated by multiplying an estimated loss rate by the asset’s amortized cost at the balance sheet date. The Company reassesses the allowance at each reporting date. When it becomes apparent, based on age or customer circumstances, that such amounts will not be collected, they are charged to the allowance. Payments subsequently received are credited to the credit loss expense account included within general and administrative expense in the condensed consolidated statements of operations.
Deferred Revenue	Deferred revenue represents the unearned portion of subscription and implementation fees. Deferred revenue is recorded when cash payments are received in advance of performance. Deferred amounts are generally recognized within one year. Deferred revenue is included in the accompanying condensed consolidated balance sheets under "Total current liabilities," net of any long-term portion that is included in "Other long-term liabilities."
Costs to Obtain Contracts	The Company capitalizes sales commissions and a portion of other incentive compensation costs that are directly related to obtaining customer contracts and that would not have been incurred if the contract had not been obtained. These costs are included in the accompanying condensed consolidated balance sheets and are classified as "Prepaid expenses and other current assets," net of any long-term portion that is included in "Deferred contract costs, net of current portion." As of June 30, 2020, $6.3 million was included in "Prepaid expenses and other current assets." Deferred contract costs are amortized to sales and marketing expense over the expected period of benefit, which the Company has determined to be five years based on the estimated customer relationship period.
Stock-Based Compensation	The Company recognizes stock-based compensation expense using the accelerated attribution method, net of estimated forfeitures, in which compensation cost for each vesting tranche in an award is recognized ratably from the service inception date to the vesting date for that tranche.
Earnings Per Share	Basic net income (loss) per share is calculated by dividing net income (loss) by the weighted-average number of shares of common stock outstanding for the period. Diluted net income (loss) per share is calculated giving effect to all potentially dilutive shares of common stock, including stock options and restricted stock units. The dilutive effect of outstanding awards is reflected in diluted earnings per share by application of the treasury stock method.
Income Taxes	At the end of each interim reporting period, the Company estimates its effective income tax rate expected to be applicable for the full year. This estimate is used to determine the income tax provision or benefit on a year-to-date basis and may change in subsequent interim periods.

Significant Accounting Polici_3

Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2020
Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	Standard Description Effect on the Financial Statements or Other Significant Matters Standards that the Company adopted as of January 1, 2020 Financial Instruments: ASU 2016-13, Financial Instruments - Credit Losses (Topic 326) Effective date: January 1, 2020 This standard replaces the incurred loss impairment methodology in current U.S. GAAP with a methodology that reflects expected credit losses. The update is intended to provide financial statement users with more useful information about expected credit losses. The Company adopted this standard effective January 1, 2020. The adoption did not have a material impact on its consolidated financial statements, although it resulted in a change in accounting policy for accounts receivable. Refer to "Accounts Receivable" below for additional information regarding the Company’s accounting policy for accounts receivable following the adoption of ASU 2016-13. Intangibles: ASU 2018-15, Intangibles -Goodwill and Other - Internal-Use Software (Subtopic 350-40) Effective date: January 1, 2020 This standard aligns the requirements for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The Company adopted this standard effective January 1, 2020. The adoption did not have an impact on its consolidated financial statements. Income Taxes: ASU 2019-12, Income Taxes (Topic 740) Simplifying the Accounting for Income Taxes Effective date: January 1, 2020 This standard amends the approaches and methodologies in accounting for income taxes during interim periods and makes changes to certain income tax classifications. The new standard allows exceptions to the use of the incremental approach for intra-period tax allocation, when there is a loss from continuing operations and income or a gain from other items, and to the general methodology for calculating income taxes in an interim period, when a year-to-date loss exceeds the anticipated loss for the year. The standard also requires franchise or similar taxes partially based on income to be reported as income tax and the effects of enacted changes in tax laws or rates to be included in the annual effective tax rate computation from the date of enactment. Lastly, the Company would be required to evaluate when the step-up in the tax basis of goodwill is part of the business combination and when it should be considered a separate transaction. ASU 2019-12 is effective for fiscal years, and interim periods within those fiscal years, beginning after December 15, 2020. The Company early adopted this standard effective January 1, 2020. The early adoption did not have a material impact on its consolidated financial statements or related disclosures.

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2020
Stockholders' Equity Attributable to Parent [Abstract]
Schedule of Stockholders Equity	The following table summarizes quarterly stockholders' equity activity for the six-month periods ended June 30, 2020 and 2019 (in thousands, except number of shares): Quarterly Activity For The Six Months Ended June 30, 2020 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2019 28,077,469 $ 28 $ 278,111 $ (1,740) $ (176,750) $ 99,649 Cumulative effect of accounting change (1) — — — — 240 240 Exercise of stock options and vesting of restricted stock units 394,998 — 87 — — 87 Stock-based compensation expense — — 2,914 — — 2,914 Statutory tax withholding related to net-share settlement of restricted stock units (107,398) — (980) — — (980) Net income — — — — 2,007 2,007 Foreign currency translation adjustments — — — (800) — (800) Balance, March 31, 2020 28,365,069 28 280,132 (2,540) (174,503) 103,117 Exercise of stock options and vesting of restricted stock units 330,692 1 2,046 — — 2,047 Stock-based compensation expense — — 2,556 — — 2,556 Statutory tax withholding related to net-share settlement of restricted stock units (48,675) — (659) — — (659) Net income — — — — 6,986 6,986 Foreign currency translation adjustments — — — 299 — 299 Balance, June 30, 2020 28,647,086 $ 29 $ 284,075 $ (2,241) $ (167,517) $ 114,346 (1) The Company recorded a reduction to accumulated deficit at January 1, 2020 as a result of its adoption of ASU 2016-13, Financial Instruments - Credit Losses . Quarterly Activity For The Six Months Ended June 30, 2019 Common Stock Additional Accumulated Accumulated Total Shares Amount Balance, December 31, 2018 27,347,115 $ 27 $ 271,550 $ (1,707) $ (180,232) $ 89,638 Exercise of stock options and vesting of restricted stock units 681,944 1 936 — — 937 Stock-based compensation expense — — 3,398 — — 3,398 Statutory tax withholding related to net-share settlement of restricted stock units (178,071) — (2,277) — — (2,277) Net loss — — — — (2,329) (2,329) Foreign currency translation adjustments — — — 78 — 78 Balance, March 31, 2019 27,850,988 28 273,607 (1,629) (182,561) 89,445 Exercise of stock options and vesting of restricted stock units 290,346 — 15 — — 15 Stock-based compensation expense — — 2,801 — — 2,801 Statutory tax withholding related to net-share settlement of restricted stock units (98,975) — (981) — — (981) Net loss — — — — (1,338) (1,338) Foreign currency translation adjustments — — — (143) — (143) Balance, June 30, 2019 28,042,359 $ 28 $ 275,442 $ (1,772) $ (183,899) $ 89,799

Goodwill and Intangible Assets

Goodwill and Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2020
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets	The estimated useful lives and amortization methodology used in computing amortization are as follows: Estimated Useful Life Amortization Methodology Customer relationships 7 years Straight-line Acquired technology 7 years Straight-line

Revenue from Contracts with C_2

Revenue from Contracts with Customers (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue from Contract with Customer [Abstract]
Disaggregation of Revenue	The following table summarizes revenue disaggregation by customer type for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Retailers $ 23,273 $ 21,002 $ 42,988 $ 42,076 Brands 11,494 9,127 21,780 17,977 Other 2,676 1,803 4,707 3,453 $ 37,443 $ 31,932 $ 69,475 $ 63,506
Deferred Revenue	The following table summarizes deferred revenue activity for the six months ended June 30, 2020 (in thousands): Balance, beginning of period Net additions Revenue recognized Balance, end of period Deferred revenue $ 21,459 49,599 (51,512) $ 19,546
Deferred Contract Costs	The following table summarizes deferred contract cost activity for the six months ended June 30, 2020 (in thousands): Balance, beginning of period Additions Amortized costs (1) Balance, end of period Deferred contract costs $ 18,414 3,857 (3,194) $ 19,077 (1) Includes contract costs amortized to sales and marketing expense during the period and the impact from foreign currency exchange rate fluctuations.

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Share-based Payment Arrangement [Abstract]
Summary of Stock-Based Compensation Expense	Stock-based compensation expense is included in the following line items in the accompanying condensed consolidated statements of operations for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Cost of revenue $ 238 $ 191 $ 557 $ 576 Sales and marketing 777 737 1,517 1,773 Research and development 543 512 1,223 1,242 General and administrative 998 1,361 2,173 2,608 Total stock-based compensation expense $ 2,556 $ 2,801 $ 5,470 $ 6,199
Summary of Awards Granted in Period	During the six months ended June 30, 2020, the Company granted the following share-based awards: Number of Shares Underlying Grant Weighted Average Grant Date Fair Value Restricted stock units 620,530 $ 9.62 Performance stock units 142,317 $ 9.27 Total share-based awards 762,847

Net Income (Loss) Per Share (Ta

Net Income (Loss) Per Share (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table summarizes the calculation of basic and diluted net income (loss) per share (in thousands, except share and per share data): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Basic: Net income (loss) $ 6,986 $ (1,338) $ 8,993 $ (3,667) Weighted average common shares outstanding, basic 28,489,086 27,925,728 28,325,426 27,710,584 Basic net income (loss) per share $ 0.25 $ (0.05) $ 0.32 $ (0.13) Diluted: Net income (loss) $ 6,986 $ (1,338) $ 8,993 $ (3,667) Weighted average common shares outstanding, basic 28,489,086 27,925,728 28,325,426 27,710,584 Dilutive effect of: Stock options 259,774 — 154,854 — Unvested restricted stock units 951,664 — 882,606 — Weighted average common shares outstanding, diluted 29,700,524 27,925,728 29,362,886 27,710,584 Diluted net income (loss) per share $ 0.24 $ (0.05) $ 0.31 $ (0.13)
Schedule of Securities Excluded from Calculation of Weighted Average Common Shares Outstanding	The following equity instruments have been excluded from the calculation of diluted net income (loss) per share because the effect is anti-dilutive: Three Months Ended June 30, Six Months Ended June 30, 2020 2019 2020 2019 Stock options 603,838 2,586,984 1,329,915 2,586,984 Restricted stock units 25,783 1,521,360 17,878 1,521,360

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Summary of Revenue by Geography	The following table summarizes revenue by geography for the three and six months ended June 30, 2020 and 2019 (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2020 2019 (1) 2020 2019 (1) Domestic $ 28,522 $ 23,958 $ 52,436 $ 47,670 International 8,921 7,974 17,039 15,836 Total revenue $ 37,443 $ 31,932 $ 69,475 $ 63,506

Stockholders' Equity (Detail)

Stockholders' Equity (Detail) - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jan. 01, 2020	Jun. 30, 2019
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	$ 103,117	$ 99,649	$ 89,445	$ 89,638	$ 99,649	$ 89,638
Exercise of stock options and vesting of restricted stock units	2,047	87	15	937
Stock-based compensation expense	2,556	2,914	2,801	3,398
Statutory tax withholding related to net-share settlement of restricted stock units	(659)	(980)	(981)	(2,277)
Net income (loss)	6,986	2,007	(1,338)	(2,329)	8,993	(3,667)
Foreign currency translation adjustments	299	(800)	(143)	78	(501)	(65)
Cumulative effect of accounting change								$ 240
Ending balance	$ 114,346	$ 103,117	$ 89,799	$ 89,445	$ 114,346	$ 89,799
Common Stock
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance (in shares)	28,365,069	28,077,469	27,850,988	27,347,115	28,077,469	27,347,115
Beginning balance	$ 28	$ 28	$ 28	$ 27	$ 28	$ 27
Exercise of stock options and vesting of restricted stock units (in shares)	330,692	394,998	290,346	681,944
Exercise of stock options and vesting of restricted stock units	$ 1	$ 0	$ 0	$ 1
Statutory tax withholding related to net-share settlement of restricted stock units (in shares)	(48,675)	(107,398)	(98,975)	(178,071)
Ending balance (in shares)	28,365,069	28,077,469	27,850,988	27,347,115	28,077,469	27,347,115	28,647,086		28,042,359
Ending balance	$ 29	$ 28	$ 28	$ 28	$ 29	$ 28
Additional Paid-in Capital
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	280,132	278,111	273,607	271,550	278,111	271,550
Exercise of stock options and vesting of restricted stock units	2,046	87	15	936
Stock-based compensation expense	2,556	2,914	2,801	3,398
Statutory tax withholding related to net-share settlement of restricted stock units	(659)	(980)	(981)	(2,277)
Ending balance	284,075	280,132	275,442	273,607	284,075	275,442
Accumulated Other Comprehensive Loss
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(2,540)	(1,740)	(1,629)	(1,707)	(1,740)	(1,707)
Foreign currency translation adjustments	299	(800)	(143)	78
Ending balance	(2,241)	(2,540)	(1,772)	(1,629)	(2,241)	(1,772)
Accumulated Deficit
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Beginning balance	(174,503)	(176,750)	(182,561)	(180,232)	(176,750)	(180,232)
Net income (loss)	6,986	2,007	(1,338)	(2,329)
Cumulative effect of accounting change								$ 240
Ending balance	$ (167,517)	$ (174,503)	$ (183,899)	$ (182,561)	$ (167,517)	$ (183,899)

Goodwill and Intangible Asset_2

Goodwill and Intangible Assets - Estimated Useful Lives and Amortization Methodology (Detail)	6 Months Ended
	Jun. 30, 2020
Customer relationships
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible asset (in years)	7 years
Acquired technology
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible asset (in years)	7 years

Goodwill and Intangible Asset_3

Goodwill and Intangible Assets - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 200,000	$ 200,000	$ 300,000	$ 300,000
Change in goodwill			$ 0

Capitalized Software Developm_2

Capitalized Software Development Costs - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Capitalized software development costs	$ 700,000	$ 800,000	$ 1,400,000	$ 1,300,000
Capitalized software development costs amortization	400,000	$ 200,000	800,000	$ 300,000
Capitalized software development costs, net	$ 3,500,000		$ 3,500,000		$ 2,900,000

Revenue from Contracts with C_3

Revenue from Contracts with Customers - Disaggregation of Revenue (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Revenue	$ 37,443	$ 31,932	$ 69,475	$ 63,506
Retailers
Disaggregation of Revenue [Line Items]
Revenue	23,273	21,002	42,988	42,076
Brands
Disaggregation of Revenue [Line Items]
Revenue	11,494	9,127	21,780	17,977
Other
Disaggregation of Revenue [Line Items]
Revenue	$ 2,676	$ 1,803	$ 4,707	$ 3,453

Revenue from Contracts with C_4

Revenue from Contracts with Customers - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jan. 01, 2020	Dec. 31, 2019
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract period	12 months
Payment period	30 days
Revenue	$ 69,500
Deferred contract costs, current	$ 6,300
Capitalized contract cost, amortization period	5 years
Deferred revenue	$ 19,264	$ 10,800	$ 21,000
Marketplaces and Digital Marketing [Member]
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract period	1 year

Revenue from Contracts with C_5

Revenue from Contracts with Customers - Transaction Price Allocated to Future Performance Obligations (Detail) $ in Millions	Jun. 30, 2020USD ($)
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 26
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2020-07-01
Revenue from Contract with Customer [Abstract]
Remaining performance obligation	$ 15.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Performance obligation period	12 months

Revenue from Contracts with C_6

Revenue from Contracts with Customers - Deferred Revenue (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Deferred revenue
Balance, beginning of period	$ 21,459
Net additions	49,599
Revenue recognized	(51,512)
Balance, end of period	$ 19,546

Revenue from Contracts with C_7

Revenue from Contracts with Customers - Costs to Obtain Contracts (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Deferred contract costs
Balance, beginning of period	$ 18,414
Additions	3,857
Amortized costs	(3,194)
Balance, end of period	$ 19,077

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock-Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock-Based Compensation [Line Items]
Stock-based compensation expense	$ 2,556	$ 2,801	$ 5,470	$ 6,199
Cost of revenue
Stock-Based Compensation [Line Items]
Stock-based compensation expense	238	191	557	576
Sales and marketing
Stock-Based Compensation [Line Items]
Stock-based compensation expense	777	737	1,517	1,773
Research and development
Stock-Based Compensation [Line Items]
Stock-based compensation expense	543	512	1,223	1,242
General and administrative
Stock-Based Compensation [Line Items]
Stock-based compensation expense	$ 998	$ 1,361	$ 2,173	$ 2,608

Stock-Based Compensation - Gran

Stock-Based Compensation - Grants in Period (Detail)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Number of Shares Underlying Grant
Total share-based awards (in shares)	762,847
Restricted stock units
Number of Shares Underlying Grant
Restricted stock units (RSUs) (in shares)	620,530
Weighted Average Grant Date Fair Value
Restricted stock units (RSUs) (in dollars per share) | $ / shares	$ 9.62
Performance Shares [Member]
Number of Shares Underlying Grant
Restricted stock units (RSUs) (in shares)	142,317
Weighted Average Grant Date Fair Value
Restricted stock units (RSUs) (in dollars per share) | $ / shares	$ 9.27

Stock-Based Compensation - Narr

Stock-Based Compensation - Narrative (Details)	6 Months Ended
	Jun. 30, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percent Of Executive Office Equity Awards Granted As Performance-Based Vesting Restricted Stock Units	50.00%
Share-based Payment Arrangement, Tranche One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Share-based Payment Arrangement, Tranche Two [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	0.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	150.00%

Net Income (Loss) Per Share - C

Net Income (Loss) Per Share - Calculation of Basic and Diluted Net Income (Loss) per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended				6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Mar. 31, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Net income (loss)	$ 6,986	$ 2,007	$ (1,338)	$ (2,329)	$ 8,993	$ (3,667)
Weighted average common shares outstanding, basic	28,489,086		27,925,728		28,325,426	27,710,584
Basic net income (loss) per share (in dollars per share)	$ 0.25		$ (0.05)		$ 0.32	$ (0.13)
Weighted average common shares outstanding, diluted (in shares)	29,700,524		27,925,728		29,362,886	27,710,584
Diluted net income (loss) per share (in dollars per share)	$ 0.24		$ (0.05)		$ 0.31	$ (0.13)
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect (in shares)	259,774				154,854
Restricted stock units
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Dilutive effect (in shares)	951,664				882,606

Net Income (Loss) Per Share - A

Net Income (Loss) Per Share - Antidilutive Equity Instruments (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of weighted average common shares outstanding (in shares)	603,838	2,586,984	1,329,915	2,586,984
Restricted stock units
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from calculation of weighted average common shares outstanding (in shares)	25,783	1,521,360	17,878	1,521,360

Income Taxes (Detail)

Income Taxes (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Effective income tax rate	4.40%	(14.30%)	5.70%	(10.90%)
U.S. federal statutory tax rate	21.00%	21.00%	21.00%	21.00%

Segment and Geographic Inform_3

Segment and Geographic Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020segment
Segment Reporting [Abstract]
Number of reportable segment	1
Number of operating segment	1

Segment and Geographic Inform_4

Segment and Geographic Information - Summary of Revenue by Geography (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Revenue	$ 37,443	$ 31,932	$ 69,475	$ 63,506
Domestic
Segment Reporting Information [Line Items]
Revenue	28,522	23,958	52,436	47,670
International
Segment Reporting Information [Line Items]
Revenue	$ 8,921	$ 7,974	$ 17,039	$ 15,836

Subsequent Events (Details)

Subsequent Events (Details) - Subsequent Event - USD ($)	Aug. 05, 2020	Jul. 23, 2020
2020 Revolving Credit Facility | Revolving Credit Facility
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity	$ 25,000,000
Line of credit facility, accordion feature, increase limit	$ 10,000,000
Line of credit facility, unused capacity, commitment fee percentage	0.50%
2020 Revolving Credit Facility | Revolving Credit Facility | Base Rate
Subsequent Event [Line Items]
Basis spread on variable rate	2.25%
2020 Revolving Credit Facility | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)
Subsequent Event [Line Items]
Basis spread on variable rate	3.25%
2020 Revolving Credit Facility | Line of Credit | Letter of Credit
Subsequent Event [Line Items]
Line of credit facility, maximum borrowing capacity	$ 10,000,000
Outstanding letters of credit interest rate	3.25%
BlueBoard
Subsequent Event [Line Items]
Cash payment to acquire business		$ 9,000,000
Business acquisition, contingent liability		$ 3,000,000