TechTarget (TTGT) 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	TTGT
Entity Registrant Name	TechTarget Inc
Entity Central Index Key	1,293,282
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		32,277,271

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 19,163	$ 19,275
Short-term investments	2,144	5,480
Accounts receivable, net of allowance for doubtful accounts of $1,333 and $1,014 as of June 30, 2015 and December 31, 2014, respectively	28,902	23,200
Prepaid expenses and other current assets	5,982	2,842
Deferred tax assets	2,753	2,674
Total current assets	58,944	53,471
Property and equipment, net	9,104	9,215
Long-term investments	15,975	13,428
Goodwill	93,883	93,979
Intangible assets, net of accumulated amortization	2,179	2,995
Deferred tax assets	2,980	3,230
Other assets	1,110	1,166
Total assets	184,175	177,484
Current liabilities:
Accounts payable	2,786	2,733
Accrued expenses and other current liabilities	3,250	2,719
Accrued compensation expenses	805	3,043
Contingent consideration	1,189
Income taxes payable	447	1,088
Deferred revenue	9,588	6,940
Total current liabilities	18,065	16,523
Long-term liabilities:
Deferred rent	2,435	2,598
Deferred tax liabilities	457	473
Contingent consideration		1,114
Other liabilities		930
Total liabilities	$ 20,957	$ 21,638
Commitments and contingencies (Note 9)
Stockholders' equity:
Preferred stock, 5,000,000 shares authorized; no shares issued or outstanding
Common stock, $0.001 par value per share, 100,000,000 shares authorized, 50,450,206 shares issued and 32,823,881 shares outstanding at June 30, 2015 and 49,587,137 shares issued and 32,371,251 shares outstanding at December 31, 2014	$ 51	$ 50
Treasury stock, 17,626,325 and 17,215,886 shares at June 30, 2015 and December 31, 2014, respectively, at cost	(102,645)	(98,851)
Additional paid-in capital	288,832	280,702
Accumulated other comprehensive loss	(228)	(87)
Accumulated deficit	(22,792)	(25,968)
Total stockholders' equity	163,218	155,846
Total liabilities and stockholders' equity	$ 184,175	$ 177,484

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts, accounts receivable	$ 1,333	$ 1,014
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	50,450,206	49,587,137
Common stock, shares outstanding	32,823,881	32,371,251
Treasury stock, shares	17,626,325	17,215,886

Consolidated Statements of Oper

Consolidated Statements of Operations and Comprehensive Income - USD ($) $ in Thousands		3 Months Ended		6 Months Ended
		Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Online		$ 27,736	$ 23,652	$ 50,784	$ 45,732
Events		2,021	2,496	2,631	3,393
Total revenues		29,757	26,148	53,415	49,125
Cost of revenues:
Online	[1]	6,719	6,149	13,248	12,239
Events	[1]	877	979	1,332	1,526
Total cost of revenues		7,596	7,128	14,580	13,765
Gross profit		22,161	19,020	38,835	35,360
Operating expenses:
Selling and marketing	[1]	10,958	10,007	21,299	19,753
Product development	[1]	2,032	1,742	3,808	3,347
General and administrative	[1]	3,591	3,884	6,611	7,236
Depreciation		1,016	1,012	2,024	2,001
Amortization of intangible assets		344	454	717	905
Total operating expenses		17,941	17,099	34,459	33,242
Operating income		4,220	1,921	4,376	2,118
Interest and other income, net		250	99	87	109
Income before provision for income taxes		4,470	2,020	4,463	2,227
Provision for income taxes		1,641	717	1,287	789
Net income		$ 2,829	$ 1,303	$ 3,176	$ 1,438
Net income per common share:
Basic		$ 0.09	$ 0.04	$ 0.10	$ 0.04
Net income per common share:
Diluted		$ 0.08	$ 0.04	$ 0.09	$ 0.04
Weighted average common shares outstanding:
Basic		33,268,089	32,890,770	33,201,859	32,787,509
Weighted average common shares outstanding:
Diluted		34,989,477	34,021,751	34,955,611	33,826,529
Comprehensive income		$ 2,820	$ 1,296	$ 3,035	$ 1,460
[1]	Amounts include stock-based compensation expense as follows: Cost of online revenues $ 16 $ 21 $ 30 $ 51 Cost of events revenues - 4 - 8 Selling and marketing 650 552 1,339 1,240 Product development 27 27 37 58 General and administrative 623 585 1,357 1,239

Consolidated Statements of Ope5

Consolidated Statements of Operations and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Cost of Online Revenues [Member]
Allocated stock-based compensation expense	$ 16	$ 21	$ 30	$ 51
Cost of Events Revenues [Member]
Allocated stock-based compensation expense		4		8
Selling and Marketing [Member]
Allocated stock-based compensation expense	650	552	1,339	1,240
Product Development [Member]
Allocated stock-based compensation expense	27	27	37	58
General and Administrative [Member]
Allocated stock-based compensation expense	$ 623	$ 585	$ 1,357	$ 1,239

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Operating activities:
Net income	$ 3,176	$ 1,438
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	2,741	2,906
Provision for bad debt	405	293
Amortization of investment premiums	124	184
Stock-based compensation expense	2,763	2,596
Non-cash interest expense	4
Deferred tax provision	(159)
Excess tax benefit - stock options	(1,983)	(464)
Other non-cash		32
Changes in operating assets and liabilities:
Accounts receivable	(6,130)	(1,843)
Prepaid expenses and other current assets	835	503
Other assets	54	(6)
Accounts payable	56	(22)
Income taxes payable	(1,807)	(164)
Accrued expenses and other current liabilities	1,280	257
Accrued compensation expenses	(846)	(231)
Deferred revenue	2,648	2,808
Other liabilities	(2,189)	(49)
Net cash provided by operating activities	972	8,238
Investing activities:
Purchases of property and equipment, and other capitalized assets	(1,917)	(2,078)
Purchases of investments	(2,622)	(3,642)
Sales of investments	3,310	3,500
Net cash used in investing activities	(1,229)	(2,220)
Financing activities:
Excess tax benefit - stock options	1,983	464
Purchase of treasury shares and related costs	(3,794)	(16)
Registration fees	(22)
Proceeds from exercise of stock options	2,003	1,768
Net cash provided by financing activities	170	2,216
Effect of exchange rate changes on cash and cash equivalents	(25)	(36)
Net (decrease) increase in cash and cash equivalents	(112)	8,198
Cash and cash equivalents at beginning of period	19,275	15,412
Cash and cash equivalents at end of period	19,163	23,610
Supplemental disclosure of cash flow information:
Cash paid for taxes	$ 3,181	$ 187

Organization and Operations

Organization and Operations	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Operations	1. Organization and Operations TechTarget, Inc. and its subsidiaries (the “Company”) is a leading provider of specialized online content and brand advertising that brings together buyers and sellers of corporate information technology (“IT”) products. The Company sells customized marketing programs and services that enable IT vendors to reach corporate IT decision makers who are actively researching specific IT purchases. In addition, the Company offers a number of data analytics solutions that help their customers more efficiently target their sales efforts. The Company operates a network of over 150 websites, each of which focuses on a specific IT sector, such as storage, security or networking. During the critical stages of the purchase decision process, these content offerings meet IT professionals’ needs for expert, peer and IT vendor information, and provide a platform on which IT vendors can launch targeted marketing campaigns which generate measurable, high return on investment (“ROI”). As IT professionals have become increasingly specialized, they have come to rely on the Company’s sector-specific websites for purchasing decision support. The Company’s content enables IT professionals to navigate the complex and rapidly changing IT landscape where purchasing decisions can have significant financial and operational consequences. Based upon the logical clustering of users’ respective job responsibilities and the marketing focus of the products that the Company’s customers are advertising, the Company’s key marketing opportunities and audience extensions are currently addressed using nine distinct media groups: Application Architecture and Development; Channel; CIO/IT Strategy; Data Center and Virtualization Technologies; Business Applications and Analytics; Networking; Security; Storage; and TechnologyGuide.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	2. Summary of Significant Accounting Policies The accompanying consolidated financial statements reflect the application of certain significant accounting policies as described below and elsewhere in these Notes to Consolidated Financial Statements. Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries, which are comprised of KnowledgeStorm, Inc., Bitpipe, Inc., TechTarget Securities Corporation (“TSC”), TechTarget Limited, TechTarget (HK) Limited (“TTGT HK”), TechTarget (Beijing) Information Technology Consulting Co. Ltd. (“TTGT Consulting”), TechTarget (Australia) Pty Ltd., TechTarget (Singapore) Pte Ltd., E-Magine Médias SAS (“LeMagIT”) and TechTarget Germany GmbH. KnowledgeStorm, Inc. and Bitpipe, Inc. feature websites that provide in-depth vendor generated content targeted to corporate IT professionals. TSC is a Massachusetts corporation. TechTarget Limited is a subsidiary doing business principally in the United Kingdom. TTGT HK is a subsidiary incorporated in Hong Kong in order to facilitate the Company’s activities in the Asia-Pacific region. Additionally, through its wholly-owned subsidiaries, TTGT HK and TTGT Consulting, the Company effectively controls a variable interest entity (“VIE”), Keji Wangtuo Information Technology Co., Ltd., (“KWIT”), which was incorporated under the laws of the People’s Republic of China (“PRC”). TechTarget (Australia) Pty Ltd. and TechTarget (Singapore) Pte Ltd. are the entities through which the Company does business in Australia and Singapore, respectively; LeMagIT and TechTarget Germany GmbH, both wholly-owned subsidiaries of TechTarget Limited, are entities through which the Company does business in France and Germany, respectively. PRC laws and regulations prohibit or restrict foreign ownership of Internet-related services and advertising businesses. To comply with these foreign ownership restrictions, the Company operates its websites and provides online advertising services in the PRC through KWIT. The Company entered into certain exclusive agreements with KWIT and its shareholders through TTGT HK, which obligated TTGT HK to absorb all of the risk of loss from KWIT’s activities and entitled TTGT HK to receive all of their residual returns. In addition, the Company entered into certain agreements with the authorized parties through TTGT HK, including Management and Consulting Services, Voting Proxy, Equity Pledge and Option Agreements. On December 31, 2011, TTGT HK assigned all of its rights and obligations to the newly formed wholly foreign-owned enterprise (“WFOE”), TTGT Consulting. The WFOE is established and existing under the laws of the PRC, and is wholly owned by TTGT HK. Based on these contractual arrangements, the Company consolidates the financial results of KWIT as required by Accounting Standards Codification (“ASC”) subtopic 810-10, Consolidation: Overall Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (generally accepted accounting principles, or “GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. All adjustments, which, in the opinion of management, are considered necessary for a fair presentation of the results of operations for the periods shown, are of a normal recurring nature and have been reflected in the consolidated financial statements. The results of operations for the periods presented are not necessarily indicative of results to be expected for any other interim periods or for the full year. The information included in these consolidated financial statements should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in this Quarterly Report on Form 10-Q and the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014. Reclassifications Beginning in the third quarter of 2014, the Company changed its presentation of transactional gains and losses arising from the impact of currency exchange rate fluctuations on transactions in foreign currency that is different from the local functional currency in order to better reflect the non-operating nature of these gains and losses, and is now including them in Other Income on the Consolidated Statements of Operations and Comprehensive Income. Previously, these gains and losses were included in the Company’s operating expenses as General and Administrative expense. Amounts in the prior periods’ financial statements have been reclassified to conform to the current presentation. In the three and six months ended June 30, 2014, this resulted in an increase to Other Income and an increase in General and Administrative expense equal to $110 and $130, respectively. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to revenue, long-lived assets, goodwill, the allowance for doubtful accounts, stock-based compensation, earnouts, self-insurance accruals and income taxes. Estimates of the carrying value of certain assets and liabilities are based on historical experience and on various other assumptions that the Company believes to be reasonable. Actual results could differ from those estimates. Revenue Recognition The Company generates substantially all of its revenue from the sale of targeted advertising campaigns, which are delivered via its network of websites, data analytics solutions and events. Revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. The majority of the Company’s online media sales involve multiple product offerings, which are described in more detail below. Because neither vendor-specific objective evidence of fair value nor third party evidence of fair value exists for all elements in the Company’s bundled product offerings, the Company uses an estimated selling price which represents management’s best estimate of the stand-alone selling price for each deliverable in an arrangement. The Company establishes best estimates considering multiple factors including, but not limited to, class of client, size of transaction, available media inventory, pricing strategies and market conditions. The Company believes the use of the best estimate of selling price allows revenue recognition in a manner consistent with the underlying economics of the transaction. The Company uses the relative selling price method to allocate consideration at the inception of the arrangement to each deliverable in a multiple element arrangement. The relative selling price method allocates any discount in the arrangement proportionately to each deliverable on the basis of the deliverable’s best estimated selling price. Revenue is then recognized as delivery occurs. The Company evaluates all deliverables of an arrangement at inception and each time an item is delivered, to determine whether they represent separate units of accounting. Based on this evaluation, the arrangement consideration is measured and allocated to each of these elements. Online Offerings Core Online Lead Generation. Branding. Custom Content Creation. Content Sponsorships. List Rentals. Third Party Revenue Sharing Arrangements. IT Deal Alert Events Revenue from vendor-sponsored events, whether sponsored exclusively by a single vendor or in a multi-vendor sponsored event, is recognized upon completion of the event in the period the event occurs. The majority of the Company’s events are free to qualified attendees; however, certain events are based on a paid attendee model. The Company recognizes revenue for paid attendee events upon completion of the event. Amounts collected or billed prior to satisfying the above revenue recognition criteria are recorded as deferred revenue. The Company excludes from its deferred revenue and accounts receivable balances amounts for which it has billed in advance prior to the start of a campaign or the delivery of services. Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, short- and long-term investments, accounts receivable, accounts payable and contingent consideration. Due to their short-term nature and liquidity, the carrying value of these instruments, with the exception of contingent consideration, approximates their estimated fair values. See Note 3 for further information on the fair value of the Company’s investments. The fair value of contingent consideration was estimated using a discounted cash flow method. Long-lived Assets, Goodwill and Indefinite-lived Intangible Assets Long-lived assets consist primarily of property and equipment, capitalized software, goodwill and other intangible assets. The Company reviews long-lived assets, including property and equipment and finite intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Conditions that would trigger an impairment assessment include, but are not limited to, a significant adverse change in legal factors or business climate that could affect the value of an asset or an adverse action or a significant decrease in the market price. A specifically identified intangible asset must be recorded as a separate asset from goodwill if either of the following two criteria is met: (1) the intangible asset acquired arises from contractual or other legal rights; or (2) the intangible asset is separable. Accordingly, intangible assets consist of specifically identified intangible assets. Goodwill is the excess of any purchase price over the estimated fair value of net tangible and intangible assets acquired. Goodwill and indefinite-lived intangible assets are not amortized but are reviewed annually for impairment or more frequently if impairment indicators arise. Separable intangible assets that are not deemed to have an indefinite life are amortized over their estimated useful lives, which range from three to ten years, using methods of amortization that are expected to reflect the estimated pattern of economic use, and are reviewed for impairment when events or changes in circumstances suggest that the assets may not be recoverable. Consistent with the Company’s determination that it has only one reporting segment, it has been determined that there is only one reporting unit and goodwill is tested for impairment at the entity level. The Company performs its annual test of impairment of goodwill as of December 31st of each year and whenever events or changes in circumstances suggest that the carrying amount may not be recoverable using the two step process required by ASC 350, Intangibles – Goodwill and Other Based on the aforementioned evaluation, the Company believes that, as of the balance sheet date presented, none of the Company’s goodwill or other long-lived assets were impaired. The Company did not have any intangible assets with indefinite lives as of June 30, 2015 or December 31, 2014. Allowance for Doubtful Accounts The Company offsets gross trade accounts receivable with an allowance for doubtful accounts. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The allowance for doubtful accounts is reviewed on a regular basis, and all past due balances are reviewed individually for collectability. Account balances are charged against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Provisions for doubtful accounts are recorded in general and administrative expense. Property and Equipment Property and equipment are stated at cost. Property and equipment acquired through acquisitions of businesses are initially recorded at fair value. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, based on the month the assets are placed in service. Internal-Use Software and Website Development Costs The Company capitalizes costs incurred during the development of its website applications and infrastructure as well as certain costs relating to internal-use software. The estimated useful life of costs capitalized is evaluated for each specific project. Capitalized internal-use software and website development costs are reviewed for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized only if the carrying amount of the asset is not recoverable and exceeds its fair value. The Company capitalized internal-use software and website development costs of $0.7 million for each of the three months ended June 30, 2015 and 2014, and $1.5 million and $1.7 million for the six months ended June 30, 2015 and 2014, respectively. Income Taxes The Company’s deferred tax assets and liabilities are recognized based on temporary differences between the financial reporting and income tax bases of assets and liabilities using statutory rates. A valuation allowance is established against net deferred tax assets if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return using a “more likely than not” threshold as required by the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes The Company recognizes any interest and penalties related to unrecognized tax benefits in income tax expense. Stock-Based Compensation The Company has two stock-based employee compensation plans which are more fully described in Note 11. Stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized in the Consolidated Statement of Operations and Comprehensive Income using the straight-line method over the vesting period of the award or using the accelerated method if the award is contingent upon performance goals. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock option awards. Comprehensive Income Comprehensive income includes all changes in equity during a period, except those resulting from investments by stockholders and distributions to stockholders. The Company’s comprehensive income includes changes in the fair value of the Company’s unrealized gains (losses) on available for sale securities and foreign currency translation. There were no material reclassifications out of accumulated other comprehensive income in the periods ended June 30, 2015 or 2014. Foreign Currency The functional currency for each of the Company’s subsidiaries is the local currency of the country in which it is incorporated. All assets and liabilities are translated into U.S. dollar equivalents at the exchange rate in effect on the balance sheet date or at a historical rate. Revenues and expenses are translated at average exchange rates. Translation gains or losses are recorded in stockholders’ equity as an element of accumulated other comprehensive income. Net Income Per Share Basic earnings per share is computed based on the weighted average number of common shares and vested, undelivered restricted stock awards outstanding during the period. Because the holders of unvested restricted stock awards do not have nonforfeitable rights to dividends or dividend equivalents, the Company does not consider these awards to be participating securities that should be included in its computation of earnings per share under the two-class method. Diluted earnings per share is computed using the weighted average number of common shares and vested, undelivered restricted stock awards outstanding during the period, plus the dilutive effect of potential future issuances of common stock relating to stock option programs and other potentially dilutive securities using the treasury stock method. In calculating diluted earnings per share, the dilutive effect of stock options and restricted stock awards is computed using the average market price for the respective period. In addition, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense and assumed tax benefit of stock options and restricted stock awards that are in-the-money. This results in the “assumed” buyback of additional shares, thereby reducing the dilutive impact of stock options and restricted stock awards. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers Revenue Recognition

Fair Value Measurements

Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Measurements	3. Fair Value Measurements The Company measures certain financial assets and liabilities at fair value on a recurring basis, including cash equivalents, short- and long-term investments and contingent consideration. The fair value of these financial assets and liabilities was determined based on three levels of input as follows: • Level 1. • Level 2. • Level 3. The fair value hierarchy of the Company’s financial assets and liabilities carried at fair value and measured on a recurring basis is as follows: Fair Value Measurements at Reporting Date Using June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds(1) $ 1,896 $ 1,896 $ — $ — Short-term investments(2) 2,144 — 2,144 — Long-term investments(2) 15,975 — 15,975 — Total assets $ 20,015 $ 1,896 $ 18,119 $ — Liabilities: Contingent consideration - current(3) $ 1,189 $ — $ — $ 1,189 Total liabilities $ 1,189 $ — $ — $ 1,189 Fair Value Measurements at Reporting Date Using December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds(1) $ 1,071 $ 1,071 $ — $ — Short-term investments(2) 5,480 — 5,480 — Long-term investments(2) 13,428 — 13,428 — Total assets $ 19,979 $ 1,071 $ 18,908 $ — Liabilities: Contingent consideration – non-current(3) $ 1,114 $ — $ — $ 1,114 Total liabilities $ 1,114 $ — $ — $ 1,114 (1) Included in cash and cash equivalents on the accompanying consolidated balance sheets; valued at quoted market prices in active markets. (2) Short- and long-term investments consist of municipal bonds and government agency bonds; their fair value is calculated using an interest rate yield curve for similar instruments. (3) The Company’s valuation techniques and Level 3 inputs used to estimate the fair value of contingent consideration payable in connection with the LeMagIT acquisition are described in Note 5. During the six months ended June 30, 2015 the contingent consideration was reclassified from non-current to current liabilities as the final payment is expected to be made in the first quarter of 2016. During the six months ended June 30, 2015 and 2014, the contingent consideration increased by approximately $172 and $188, respectively, when it was remeasured to fair value. The remainder of the change in this balance was caused by foreign currency fluctuations.

Cash, Cash Equivalents and Inve

Cash, Cash Equivalents and Investments	6 Months Ended
	Jun. 30, 2015
Cash and Cash Equivalents [Abstract]
Cash, Cash Equivalents and Investments	4. Cash, Cash Equivalents and Investments Cash and cash equivalents consist of highly liquid investments with maturities of three months or less at date of purchase. Cash equivalents are carried at cost, which approximates their fair market value. Cash and cash equivalents consisted of the following: June 30, 2015 December 31, 2014 Cash $ 17,267 $ 18,204 Money market funds 1,896 1,071 Total cash and cash equivalents $ 19,163 $ 19,275 The Company’s short- and long-term investments are accounted for as available for sale securities. These investments are recorded at fair value with the related unrealized gains and losses included in accumulated other comprehensive income, a component of stockholders’ equity, net of tax. The unrealized loss, net of taxes, was $5 and $20 as of June 30, 2015 and December 31, 2014, respectively. Realized gains and losses on the sale of these investments are determined using the specific identification method. There were no realized gains or losses during the three or six months ended June 30, 2015 or 2014. Short- and long-term investments consisted of the following: June 30, 2015 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Short- and long-term investments: Government agency bonds $ 5,023 $ 7 $ — $ 5,030 Municipal bonds 13,104 — (15 ) 13,089 Total short- and long-term investments $ 18,127 $ 7 $ (15 ) $ 18,119 December 31, 2014 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Value Short- and long-term investments: Government agency bonds $ 6,632 $ — $ (14 ) $ 6,618 Municipal bonds 12,307 4 (21 ) 12,290 Total short- and long-term investments $ 18,939 $ 4 $ (35 ) $ 18,908 The Company had nine debt securities in an unrealized loss position at June 30, 2015. All of these securities have been in such a position for no more than 12 months. The unrealized loss on these securities was approximately $18 and the fair value was $9.7 million. The Company uses specific identification when reviewing these investments for impairment. Because the Company does not intend to sell the investments that are in an unrealized loss position and it is not likely that the Company will be required to sell any investments before recovery of their cost basis, the Company does not consider these investments with an unrealized loss to be other-than-temporarily impaired at June 30, 2015. Municipal and government agency bonds have contractual maturity dates that range from July 2016 to February 2018. All income generated from these investments is recorded as interest income.

Acquisition

Acquisition	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Acquisition	5. Acquisition LeMagIT On December 17, 2012 the Company purchased all of the outstanding shares of its French partner, E-Magine Médias SAS, for approximately $2.2 million in cash plus a potential future earnout valued at $0.7 million at the time of the acquisition. Approximately $1.2 million of the cash payment was made at closing, with the remainder being paid in two equal installments in 2013 and 2014. The earnout is subject to certain revenue growth targets and the payment will be adjusted based on actual results. If all targets are met, the total purchase price, including the earnout, shall not exceed $5.2 million, depending on exchange rates at the time of calculation. The installment payments have been recorded at present value using a discount rate of 10%. At June 30, 2015, the earnout is included in current liabilities at net present value in the Company’s consolidated balance sheet (see Note 3).

Intangible Assets

Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	6. Intangible Assets Intangible assets subject to amortization as of June 30, 2015 and December 31, 2014 consist of the following: As of June 30, 2015 Estimated Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Customer, affiliate and advertiser relationships 5 – 9 $ 7,082 $ (5,956 ) $ 1,126 Developed websites, technology and patents 10 1,243 (534 ) 709 Trademark, trade name and domain name 5 – 8 1,846 (1,657 ) 189 Proprietary user information database and Internet traffic 3 – 5 1,264 (1,120 ) 144 Non-compete agreements 3 78 (67 ) 11 Total intangible assets $ 11,513 $ (9,334 ) $ 2,179 As of December 31, 2014 Estimated Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Customer, affiliate and advertiser relationships 5 – 9 $ 7,079 $ (5,480 ) $ 1,599 Developed websites, technology and patents 10 1,361 (499 ) 862 Trademark, trade name and domain name 5 – 8 1,859 (1,598 ) 261 Proprietary user information database and Internet traffic 3 – 5 1,270 (1,024 ) 246 Non-compete agreements 3 85 (58 ) 27 Total intangible assets $ 11,654 $ (8,659 ) $ 2,995 Intangible assets are amortized over their estimated useful lives, which range from three to ten years, using methods of amortization that are expected to reflect the estimated pattern of economic use. The remaining amortization expense will be recognized over a weighted-average period of approximately 2.1 years. Amortization expense was $0.3 million and $0.5 million for the three months ended June 30, 2015 and 2014, respectively, and $0.7 million and $0.9 million for the six months ended June 30, 2015 and 2014, respectively. Amortization expense is recorded within operating expenses as the intangible assets consist of customer-related assets and website traffic that the Company considers to be in support of selling and marketing activities. The change in the gross carrying amount of intangible assets during the six months ended June 30, 2015, was due to foreign currency translation. The Company expects amortization expense of intangible assets to be as follows: Years Ending December 31: Amortization Expense 2015 (July 1st – December 31st) $ 681 2016 864 2017 166 2018 103 2019 87 Thereafter 278 $ 2,179

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Income Per Common Share	7. Net Income Per Common Share A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per common share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) Numerator: Net income $ 2,829 $ 1,303 $ 3,176 $ 1,438 Denominator: Basic: Weighted average shares of common stock outstanding 33,268,089 32,890,770 33,201,859 32,787,509 Diluted Weighted average shares of common stock outstanding 33,268,089 32,890,770 33,201,859 32,787,509 Effect of potentially dilutive shares(1) 1,721,388 1,130,981 1,753,752 1,039,020 Total weighted average shares of common stock outstanding 34,989,477 34,021,751 34,955,611 33,826,529 Net Income Per Common Share: Basic net income per common share $ 0.09 $ 0.04 $ 0.10 $ 0.04 Net Income Per Common Share: Diluted net income per common share $ 0.08 $ 0.04 $ 0.09 $ 0.04 (1) In calculating diluted earnings per share, 0.5 million shares related to outstanding stock options and unvested restricted stock awards were excluded for each of the three and six months ended June 30, 2015, and 2.9 million and 3.0 million shares related to outstanding stock options and unvested restricted stock awards were excluded for the three and six months ended June 30, 2014, respectively, because they were anti-dilutive.

Bank Demand Loan Payable

Bank Demand Loan Payable	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Bank Demand Loan Payable	8. Bank Demand Loan Payable The Company’s $5.0 million revolving credit facility was amended and restated in its entirety in June 2015. The new credit facility (the “Amended and Restated Credit Agreement”) is a discretionary $5.0 million demand revolving line. At the Company’s option, the Amended and Restated Credit Agreement bears interest at either the prime rate less 1.00% or the London Interbank Offered Rate (“LIBOR”) plus the applicable LIBOR margin. The applicable LIBOR margin is based on the ratio of total funded debt to earnings before interest, other income and expense, income taxes, depreciation, and amortization (“EBITDA”) for the preceding four fiscal quarters. As of June 30, 2015, the applicable LIBOR margin was 1.25%. Unless earlier payment is required by an event of default, all principal and unpaid interest will be due and payable on the interest payment date; however, there is an automatic rollover provision for all loans for which LIBOR is elected by the Company. Borrowings, if any, under the Amended and Restated Credit agreement would be collateralized by a security interest in substantially all assets of the Company. There are no financial covenant requirements and no unused line fees under the Amended and Restated Credit Agreement. At June 30, 2015, there were no amounts outstanding under the Amended and Restated Credit Agreement. As of December 31, 2014, prior to the Amended and Restated Credit Agreement, the Company had a $5.0 million term revolving credit facility (the “Credit Agreement”). Covenants governing the Credit Agreement included the maintenance of certain financial ratios. At December 31, 2014, the Company was in compliance with all covenants under the Credit Agreement. The Company was also required to pay an unused line fee on the daily unused amount of the Credit Agreement at a per annum rate based on the ratio of total funded debt to EBITDA for the preceding four fiscal quarters. At December 31, 2014 there were no amounts outstanding under the Credit Agreement.

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	9. Commitments and Contingencies Operating Leases The Company conducts its operations in leased office facilities under various noncancelable operating lease agreements that expire through March 2020. In August 2009, the Company entered into an agreement to lease approximately 87,875 square feet of office space in Newton, Massachusetts. The lease commenced in February 2010 and has a term of ten years. The Company is receiving certain rent concessions over the life of the lease. In November 2010, the Newton lease was amended to include an additional 8,400 square feet of office space. The amended lease commenced in March 2011 and runs concurrently with the term of the original lease. The Company is receiving certain rent concessions over the life of the amended lease. Certain of the Company’s operating leases include lease incentives and escalating payment amounts and are renewable for varying periods. The Company is recognizing the related rent expense on a straight-line basis over the term of the lease taking into account the lease incentives and escalating lease payments. Future minimum lease payments under the Company’s noncancelable operating leases at June 30, 2015 are as follows: Years Ending December 31: Minimum Lease Payments 2015 (July 1st – December 31st) $ 2,196 2016 4,247 2017 3,712 2018 3,831 2019 3,833 Thereafter 572 $ 18,391 Net Worth Tax Contingency In late March 2010, the Company received a letter from the Department of Revenue of the Commonwealth of Massachusetts (the “MA DOR”) requesting documentation demonstrating that TSC has been classified by the MA DOR as a Massachusetts security corporation for the 2006 and 2007 tax years. Following subsequent correspondence with the MA DOR and a settlement conference on March 22, 2011, the Company received a Notice of Assessment from the MA DOR with respect to additional excise taxes on net worth related to TSC. Based on the Company’s previous assessment that it was probable that the MA DOR would require an adjustment to correct TSC’s tax filings such that it will be treated as a Massachusetts business corporation for the applicable years, the Company recorded a liability representing its best estimate at that time of the potential net worth tax exposure. The tax benefits available to a Massachusetts security corporation are comprised of (i) a different rate structure (1.32% on gross investment income vs. 9.5% on net income) (See Note 13) and (ii) exemption from the 0.26% excise tax on net worth. As of the date of the ruling, the Company had recorded a liability of approximately $257 to account for the tax differential in all open years, including penalties and interest. On August 17, 2011, the Company filed Applications for Abatement with the MA DOR. In January 2012, the Company filed Petitions for Formal Procedure with the Massachusetts Appellate Tax Board (the “ATB”). A trial took place in April 2014, and in May 2015 the ATB ruled in favor of the MA DOR. During the second quarter of 2015, the Company accepted an amnesty offer from the MA DOR and paid all amounts due relating to the years in dispute. Litigation From time to time and in the ordinary course of business, the Company may be subject to various claims, charges, and litigation. At June 30, 2015 and December 31, 2014, the Company did not have any pending claims, charges, or litigation that it expects would have a material adverse effect on its consolidated financial position, results of operations, or cash flows.

Comprehensive Income

Comprehensive Income	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Comprehensive Income	10. Comprehensive Income Comprehensive income includes all changes in equity during a period, except those resulting from investments by stockholders and distributions to stockholders. For the three and six months ended June 30, 2015 and 2014 the Company’s comprehensive income is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) Net income $ 2,829 $ 1,303 $ 3,176 $ 1,438 Other comprehensive (loss) income: Unrealized (loss) gain on investments (net of tax effect of $(2), $(1), $9 and $(2), respectively) (5 ) (2 ) 15 (3 ) Unrealized (loss) gain on foreign currency exchange (4 ) (5 ) (156 ) 25 Other comprehensive (loss) income (9 ) (7 ) (141 ) 22 Total comprehensive income $ 2,820 $ 1,296 $ 3,035 $ 1,460

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	11. Stock-Based Compensation Stock Option Plans In September 1999, the Company approved a stock option plan (the “1999 Plan”) that provided for the issuance of shares of common stock incentives. The 1999 Plan provided for the granting of incentive stock options (“ISOs”), nonqualified stock options (“NSOs”), and stock grants. These incentives were offered to the Company’s employees, officers, directors, consultants, and advisors. Each option is exercisable at such times and subject to such terms as determined by the Company’s Board of Directors (the “Board”); grants generally vest over a four year period, and expire no later than ten years after the grant date. In April 2007, the Board approved the 2007 Stock Option and Incentive Plan (the “2007 Plan”), which was approved by the stockholders of the Company and became effective upon the consummation of the Company’s IPO in May 2007. Effective upon the consummation of the IPO, no further awards were made pursuant to the 1999 Plan, but any outstanding awards under the 1999 Plan remain in effect and continue to be subject to the terms of the 1999 Plan. The 2007 Plan allows the Company to grant ISOs, NSOs, stock appreciation rights, deferred stock awards, restricted stock and other awards. Under the 2007 Plan, stock options may not be granted at less than fair market value on the date of grant, and grants generally vest over a four year period. Stock options granted under the 2007 Plan expire no later than ten years after the grant date. At the time of the establishment of the 2007 Plan, the Company reserved for issuance an aggregate of 2,911,667 shares of common stock plus an additional annual increase to be added automatically on January 1 of each year, beginning on January 1, 2008, equal to the lesser of (a) 2% of the outstanding number of shares of common stock (on a fully-diluted basis) on the immediately preceding December 31 and (b) such lower number of shares as may be determined by the Compensation Committee of the Board of Directors of the Company. The number of shares available for issuance under the 2007 Plan is subject to adjustment in the event of a stock split, stock dividend or other change in capitalization. Generally, shares that are forfeited or canceled from awards under the 2007 Plan also will be available for future awards. To date, 7,432,772 shares have been added to the 2007 Plan in accordance with the automatic annual increase. In addition, shares subject to stock options returned to the 1999 Plan, as a result of their expiration, cancellation or termination, are automatically made available for issuance under the 2007 Plan. As of June 30, 2015, a total of 2,374,875 shares were available for grant under the 2007 Plan. Accounting for Stock-Based Compensation The Company uses the Black-Scholes option pricing model to calculate the grant date fair value of an award. The expected volatility of options granted has been determined using a weighted average of the historical volatility of the Company’s stock for a period equal to the expected life of the option. The risk-free interest rate is based on a zero coupon United States treasury instrument whose term is consistent with the expected life of the stock options. The Company has not paid and does not anticipate paying cash dividends on its shares of common stock; therefore, the expected dividend yield is assumed to be zero. The Company applied an estimated annual forfeiture rate in determining the expense recorded in each period. A summary of the stock option activity under the Company’s stock option plans for the six months ended June 30, 2015 is presented below: Year-to-Date Activity Options Outstanding Weighted- Average Exercise Price Per Share Weighted- Average Remaining Aggregate Options outstanding at December 31, 2014 3,347,657 $ 7.86 Granted 2,500 11.28 Exercised (294,739 ) 6.79 Forfeited — — Cancelled — — Options outstanding at June 30, 2015 3,055,418 $ 7.97 2.1 $ 5,154 Options exercisable at June 30, 2015 3,054,168 $ 7.97 2.1 $ 5,151 Options vested or expected to vest at June 30, 2015 (1) 3,055,282 $ 7.97 2.1 $ 5,154 (1) In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options. During the six months ended June 30, 2015 and 2014, the total intrinsic value of options exercised (i.e. the difference between the market price at exercise and the price paid by the employee to exercise the options) was $1.4 million and $0.7 million, respectively, and the total amount of cash received from exercise of these options was $2.0 million and $1.8 million, respectively. Restricted Stock Awards Restricted stock awards are valued at the market price of a share of the Company’s common stock on the date of grant. A summary of the restricted stock award activity under the 2007 Plan for the six months ended June 30, 2015 is presented below: Year-to-Date Activity Shares Weighted- Average Grant Date Fair Value Per Share Aggregate Intrinsic Nonvested outstanding at December 31, 2014 2,279,167 $ 5.83 Granted 178,800 11.67 Vested (269,580 ) 8.67 Forfeited (54,803 ) 10.75 Nonvested outstanding at June 30, 2015 2,133,584 $ 5.97 $ 19,053 The total grant date fair value of restricted stock awards that vested during the six months ended June 30, 2015 and 2014 was $2.6 million and $1.8 million, respectively. As of June 30, 2015, there was $8.6 million of total unrecognized compensation expense related to stock options and restricted stock awards which is expected to be recognized over a weighted average period of 1.6 years. Accrued Stock-Based Compensation The Company had approximately $1.4 million included in accrued compensation expenses on its Consolidated Balance Sheet as of December 31, 2014 for stock-based compensation related to restricted stock awards that had been approved as of that date but were not granted until the first quarter of 2015. This non-cash compensation expense was recorded as part of stock compensation expense in the Company’s Consolidated Statement of Comprehensive Income for the year ended December 31, 2014. There were no such accruals as of June 30, 2015.

Stockholders' Equity

Stockholders' Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Stockholders' Equity	12. Stockholders’ Equity Reserved Common Stock As of June 30, 2015, the Company has reserved 7,738,878 shares of common stock for options outstanding and restricted stock awards that have not been issued as well as those available for grant under the stock option plans. Common Stock Repurchase Program In August 2014, the Company announced that its Board of Directors had authorized a $20 million stock repurchase program (the “Repurchase Program”), whereby the Company is authorized to repurchase the Company’s common stock from time to time on the open market or in privately negotiated transactions. In May 2015, the Board of Directors amended the program to authorize an additional $10 million to be used for such purchases. The Company has elected to implement a Rule 10b5-1 trading plan, which permits shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The timing and amount of any repurchases that are not made pursuant to the Rule 10b5-1 trading plan will be determined based on an evaluation of market conditions and other factors. The Repurchase Program may be suspended or discontinued at any time. During the six months ended June 30, 2015, the Company repurchased 410,439 shares of common stock for $3.8 million pursuant to the Repurchase Program. During the year ended December 31, 2014, the Company repurchased 1,551,224 shares of common stock for $15.0 million pursuant to the Repurchase Program. Repurchased shares are recorded under the cost method and are reflected as treasury stock in the accompanying Consolidated Balance Sheets. All repurchased shares were funded with cash on hand. Share Repurchase On December 9, 2014, the Company entered into a Purchase Agreement with TCV V, L.P. (“TCV V”) and TCV Member Fund, L.P. (“TCV Member Fund” and collectively with TCV V, “TCV”), both related parties, pursuant to which the Company agreed to repurchase from TCV 1,000,000 shares of the Company’s common stock for an aggregate price of approximately $9.8 million. The purchase price per share of common stock was equal to 97% of the closing price of the common stock on the Nasdaq Global Market on December 8, 2014. The repurchase closed on December 10, 2014, and these shares are included in the 1,551,224 shares of common stock purchased under the Repurchase Program discussed above. A member of the Company’s board of directors is also a member of the general partner of TCV, which holds more than 5% of the voting securities of the Company. Secondary Offering In May 2014, the Company completed a secondary public offering of 5,750,000 shares of common stock at a price of $6.25 per share. All of the shares sold in the secondary public offering were sold by selling stockholders and the Company did not receive any proceeds from the offering. The Company incurred fees of approximately $0.5 million related to legal, accounting and other fees in connection with the secondary public offering, which are included in general and administrative expenses in the Statement of Operations and Comprehensive Income.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	13. Income Taxes The Company’s effective income tax rate before discrete items was 40.9% and 43.6% for the six months ended June 30, 2015 and 2014, respectively. The lower rate in 2015 as compared to 2014 is primarily due to the impact of non-deductible expenses. The Company recognized income tax benefits for discrete items of $0.9 million and $0.4 million during the six months ended June 30, 2015 and 2014, respectively. The effective income tax rate is based upon the estimated annual effective tax rate in compliance with ASC 740, Income Taxes In March 2010, the Company received a letter from the MA DOR requesting documentation demonstrating that TSC, a wholly-owned subsidiary of the Company, has been classified by the MA DOR as a Massachusetts security corporation. Based on subsequent correspondence with the MA DOR, the Company determined that it was more likely than not that the MA DOR would require an adjustment to correct TSC’s tax filings such that it will be treated as a Massachusetts business corporation for the applicable years. The Company recorded a tax reserve for approximately $0.4 million. The tax benefits available to a Massachusetts security corporation are comprised of (i) a different rate structure (1.32% on gross investment income vs. 9.5% on net income) and (ii) exemption from the 0.26% excise tax on net worth (see Note 9). As of the date of the ruling, the Company had recorded a current liability of approximately $677 to account for the tax differential in all open years, which included penalties and interest for the potential state income tax liability arising from the difference between the income tax rates applicable to security corporations and business corporations in Massachusetts. On August 17, 2011, the Company filed Applications for Abatement with the MA DOR. In January 2012, the Company filed Petitions under Formal Procedure with the ATB. A trial took place in April 2014, and in May 2015 the ATB ruled in favor of the MA DOR. During the second quarter of 2015, the Company accepted an amnesty offer from the MA DOR and paid all amounts due relating to the years in dispute. There are no income tax examinations currently in process.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	14. Segment Information The Company views its operations and manages its business as one operating segment based on factors such as how the Company manages its operations and how its executive management team reviews results and makes decisions on how to allocate resources and assess performance. Geographic Data Net sales to unaffiliated customers by geographic area* were as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) North America $ 23,096 $ 20,099 $ 41,612 $ 38,397 International 6,661 6,049 11,803 10,728 Total $ 29,757 $ 26,148 $ 53,415 $ 49,125 Long-lived assets** by geographic area were as follows: June 30, 2015 December 31, 2014 North America $ 99,576 $ 100,042 International 5,590 6,147 Total $ 105,166 $ 106,189 * based on current customer billing address; does not consider the geo-targeted, or target audience, location of the campaign ** comprised of property and equipment, net; goodwill; and intangible assets, net

Summary of Significant Accoun21

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation The accompanying Consolidated Financial Statements include the accounts of the Company and its wholly-owned subsidiaries, which are comprised of KnowledgeStorm, Inc., Bitpipe, Inc., TechTarget Securities Corporation (“TSC”), TechTarget Limited, TechTarget (HK) Limited (“TTGT HK”), TechTarget (Beijing) Information Technology Consulting Co. Ltd. (“TTGT Consulting”), TechTarget (Australia) Pty Ltd., TechTarget (Singapore) Pte Ltd., E-Magine Médias SAS (“LeMagIT”) and TechTarget Germany GmbH. KnowledgeStorm, Inc. and Bitpipe, Inc. feature websites that provide in-depth vendor generated content targeted to corporate IT professionals. TSC is a Massachusetts corporation. TechTarget Limited is a subsidiary doing business principally in the United Kingdom. TTGT HK is a subsidiary incorporated in Hong Kong in order to facilitate the Company’s activities in the Asia-Pacific region. Additionally, through its wholly-owned subsidiaries, TTGT HK and TTGT Consulting, the Company effectively controls a variable interest entity (“VIE”), Keji Wangtuo Information Technology Co., Ltd., (“KWIT”), which was incorporated under the laws of the People’s Republic of China (“PRC”). TechTarget (Australia) Pty Ltd. and TechTarget (Singapore) Pte Ltd. are the entities through which the Company does business in Australia and Singapore, respectively; LeMagIT and TechTarget Germany GmbH, both wholly-owned subsidiaries of TechTarget Limited, are entities through which the Company does business in France and Germany, respectively. PRC laws and regulations prohibit or restrict foreign ownership of Internet-related services and advertising businesses. To comply with these foreign ownership restrictions, the Company operates its websites and provides online advertising services in the PRC through KWIT. The Company entered into certain exclusive agreements with KWIT and its shareholders through TTGT HK, which obligated TTGT HK to absorb all of the risk of loss from KWIT’s activities and entitled TTGT HK to receive all of their residual returns. In addition, the Company entered into certain agreements with the authorized parties through TTGT HK, including Management and Consulting Services, Voting Proxy, Equity Pledge and Option Agreements. On December 31, 2011, TTGT HK assigned all of its rights and obligations to the newly formed wholly foreign-owned enterprise (“WFOE”), TTGT Consulting. The WFOE is established and existing under the laws of the PRC, and is wholly owned by TTGT HK. Based on these contractual arrangements, the Company consolidates the financial results of KWIT as required by Accounting Standards Codification (“ASC”) subtopic 810-10, Consolidation: Overall
Basis of Presentation	Basis of Presentation The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (generally accepted accounting principles, or “GAAP”) for interim financial information and with the instructions to Form 10-Q and Rule 10-01 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by accounting principles generally accepted in the United States of America for complete financial statements. All adjustments, which, in the opinion of management, are considered necessary for a fair presentation of the results of operations for the periods shown, are of a normal recurring nature and have been reflected in the consolidated financial statements. The results of operations for the periods presented are not necessarily indicative of results to be expected for any other interim periods or for the full year. The information included in these consolidated financial statements should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained in this Quarterly Report on Form 10-Q and the consolidated financial statements and accompanying notes included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2014.
Reclassifications	Reclassifications Beginning in the third quarter of 2014, the Company changed its presentation of transactional gains and losses arising from the impact of currency exchange rate fluctuations on transactions in foreign currency that is different from the local functional currency in order to better reflect the non-operating nature of these gains and losses, and is now including them in Other Income on the Consolidated Statements of Operations and Comprehensive Income. Previously, these gains and losses were included in the Company’s operating expenses as General and Administrative expense. Amounts in the prior periods’ financial statements have been reclassified to conform to the current presentation. In the three and six months ended June 30, 2014, this resulted in an increase to Other Income and an increase in General and Administrative expense equal to $110 and $130, respectively.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. On an ongoing basis, the Company evaluates its estimates, including those related to revenue, long-lived assets, goodwill, the allowance for doubtful accounts, stock-based compensation, earnouts, self-insurance accruals and income taxes. Estimates of the carrying value of certain assets and liabilities are based on historical experience and on various other assumptions that the Company believes to be reasonable. Actual results could differ from those estimates.
Revenue Recognition	Revenue Recognition The Company generates substantially all of its revenue from the sale of targeted advertising campaigns, which are delivered via its network of websites, data analytics solutions and events. Revenue is recognized only when the price is fixed or determinable, persuasive evidence of an arrangement exists, the service is performed and collectability of the resulting receivable is reasonably assured. The majority of the Company’s online media sales involve multiple product offerings, which are described in more detail below. Because neither vendor-specific objective evidence of fair value nor third party evidence of fair value exists for all elements in the Company’s bundled product offerings, the Company uses an estimated selling price which represents management’s best estimate of the stand-alone selling price for each deliverable in an arrangement. The Company establishes best estimates considering multiple factors including, but not limited to, class of client, size of transaction, available media inventory, pricing strategies and market conditions. The Company believes the use of the best estimate of selling price allows revenue recognition in a manner consistent with the underlying economics of the transaction. The Company uses the relative selling price method to allocate consideration at the inception of the arrangement to each deliverable in a multiple element arrangement. The relative selling price method allocates any discount in the arrangement proportionately to each deliverable on the basis of the deliverable’s best estimated selling price. Revenue is then recognized as delivery occurs. The Company evaluates all deliverables of an arrangement at inception and each time an item is delivered, to determine whether they represent separate units of accounting. Based on this evaluation, the arrangement consideration is measured and allocated to each of these elements. Online Offerings Core Online Lead Generation. Branding. Custom Content Creation. Content Sponsorships. List Rentals. Third Party Revenue Sharing Arrangements. IT Deal Alert Events Revenue from vendor-sponsored events, whether sponsored exclusively by a single vendor or in a multi-vendor sponsored event, is recognized upon completion of the event in the period the event occurs. The majority of the Company’s events are free to qualified attendees; however, certain events are based on a paid attendee model. The Company recognizes revenue for paid attendee events upon completion of the event. Amounts collected or billed prior to satisfying the above revenue recognition criteria are recorded as deferred revenue. The Company excludes from its deferred revenue and accounts receivable balances amounts for which it has billed in advance prior to the start of a campaign or the delivery of services.
Fair Value of Financial Instruments	Fair Value of Financial Instruments Financial instruments consist of cash and cash equivalents, short- and long-term investments, accounts receivable, accounts payable and contingent consideration. Due to their short-term nature and liquidity, the carrying value of these instruments, with the exception of contingent consideration, approximates their estimated fair values. See Note 3 for further information on the fair value of the Company’s investments. The fair value of contingent consideration was estimated using a discounted cash flow method.
Long-lived Assets, Goodwill and Indefinite-lived Intangible Assets	Long-lived Assets, Goodwill and Indefinite-lived Intangible Assets Long-lived assets consist primarily of property and equipment, capitalized software, goodwill and other intangible assets. The Company reviews long-lived assets, including property and equipment and finite intangible assets, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Conditions that would trigger an impairment assessment include, but are not limited to, a significant adverse change in legal factors or business climate that could affect the value of an asset or an adverse action or a significant decrease in the market price. A specifically identified intangible asset must be recorded as a separate asset from goodwill if either of the following two criteria is met: (1) the intangible asset acquired arises from contractual or other legal rights; or (2) the intangible asset is separable. Accordingly, intangible assets consist of specifically identified intangible assets. Goodwill is the excess of any purchase price over the estimated fair value of net tangible and intangible assets acquired. Goodwill and indefinite-lived intangible assets are not amortized but are reviewed annually for impairment or more frequently if impairment indicators arise. Separable intangible assets that are not deemed to have an indefinite life are amortized over their estimated useful lives, which range from three to ten years, using methods of amortization that are expected to reflect the estimated pattern of economic use, and are reviewed for impairment when events or changes in circumstances suggest that the assets may not be recoverable. Consistent with the Company’s determination that it has only one reporting segment, it has been determined that there is only one reporting unit and goodwill is tested for impairment at the entity level. The Company performs its annual test of impairment of goodwill as of December 31st of each year and whenever events or changes in circumstances suggest that the carrying amount may not be recoverable using the two step process required by ASC 350, Intangibles – Goodwill and Other Based on the aforementioned evaluation, the Company believes that, as of the balance sheet date presented, none of the Company’s goodwill or other long-lived assets were impaired. The Company did not have any intangible assets with indefinite lives as of June 30, 2015 or December 31, 2014.
Allowance for Doubtful Accounts	Allowance for Doubtful Accounts The Company offsets gross trade accounts receivable with an allowance for doubtful accounts. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in its existing accounts receivable. The allowance for doubtful accounts is reviewed on a regular basis, and all past due balances are reviewed individually for collectability. Account balances are charged against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. Provisions for doubtful accounts are recorded in general and administrative expense.
Property and Equipment	Property and Equipment Property and equipment are stated at cost. Property and equipment acquired through acquisitions of businesses are initially recorded at fair value. Depreciation is calculated on the straight-line method over the estimated useful lives of the assets, based on the month the assets are placed in service.
Internal-Use Software and Website Development Costs	Internal-Use Software and Website Development Costs The Company capitalizes costs incurred during the development of its website applications and infrastructure as well as certain costs relating to internal-use software. The estimated useful life of costs capitalized is evaluated for each specific project. Capitalized internal-use software and website development costs are reviewed for recoverability whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable. An impairment loss would be recognized only if the carrying amount of the asset is not recoverable and exceeds its fair value. The Company capitalized internal-use software and website development costs of $0.7 million for each of the three months ended June 30, 2015 and 2014, and $1.5 million and $1.7 million for the six months ended June 30, 2015 and 2014, respectively.
Income Taxes	Income Taxes The Company’s deferred tax assets and liabilities are recognized based on temporary differences between the financial reporting and income tax bases of assets and liabilities using statutory rates. A valuation allowance is established against net deferred tax assets if, based upon the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. The Company records a liability for unrecognized tax benefits resulting from uncertain tax positions taken or expected to be taken in a tax return using a “more likely than not” threshold as required by the provisions of ASC 740-10, Accounting for Uncertainty in Income Taxes The Company recognizes any interest and penalties related to unrecognized tax benefits in income tax expense.
Stock-Based Compensation	Stock-Based Compensation The Company has two stock-based employee compensation plans which are more fully described in Note 11. Stock-based compensation cost is measured at the grant date based on the fair value of the award and is recognized in the Consolidated Statement of Operations and Comprehensive Income using the straight-line method over the vesting period of the award or using the accelerated method if the award is contingent upon performance goals. The Company uses the Black-Scholes option-pricing model to determine the fair value of stock option awards.
Comprehensive Income	Comprehensive Income Comprehensive income includes all changes in equity during a period, except those resulting from investments by stockholders and distributions to stockholders. The Company’s comprehensive income includes changes in the fair value of the Company’s unrealized gains (losses) on available for sale securities and foreign currency translation. There were no material reclassifications out of accumulated other comprehensive income in the periods ended June 30, 2015 or 2014.
Foreign Currency	Foreign Currency The functional currency for each of the Company’s subsidiaries is the local currency of the country in which it is incorporated. All assets and liabilities are translated into U.S. dollar equivalents at the exchange rate in effect on the balance sheet date or at a historical rate. Revenues and expenses are translated at average exchange rates. Translation gains or losses are recorded in stockholders’ equity as an element of accumulated other comprehensive income.
Net Income Per Share	Net Income Per Share Basic earnings per share is computed based on the weighted average number of common shares and vested, undelivered restricted stock awards outstanding during the period. Because the holders of unvested restricted stock awards do not have nonforfeitable rights to dividends or dividend equivalents, the Company does not consider these awards to be participating securities that should be included in its computation of earnings per share under the two-class method. Diluted earnings per share is computed using the weighted average number of common shares and vested, undelivered restricted stock awards outstanding during the period, plus the dilutive effect of potential future issuances of common stock relating to stock option programs and other potentially dilutive securities using the treasury stock method. In calculating diluted earnings per share, the dilutive effect of stock options and restricted stock awards is computed using the average market price for the respective period. In addition, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense and assumed tax benefit of stock options and restricted stock awards that are in-the-money. This results in the “assumed” buyback of additional shares, thereby reducing the dilutive impact of stock options and restricted stock awards.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers Revenue Recognition

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis	The fair value hierarchy of the Company’s financial assets and liabilities carried at fair value and measured on a recurring basis is as follows: Fair Value Measurements at Reporting Date Using June 30, 2015 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds(1) $ 1,896 $ 1,896 $ — $ — Short-term investments(2) 2,144 — 2,144 — Long-term investments(2) 15,975 — 15,975 — Total assets $ 20,015 $ 1,896 $ 18,119 $ — Liabilities: Contingent consideration - current(3) $ 1,189 $ — $ — $ 1,189 Total liabilities $ 1,189 $ — $ — $ 1,189 Fair Value Measurements at Reporting Date Using December 31, 2014 Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) Assets: Money market funds(1) $ 1,071 $ 1,071 $ — $ — Short-term investments(2) 5,480 — 5,480 — Long-term investments(2) 13,428 — 13,428 — Total assets $ 19,979 $ 1,071 $ 18,908 $ — Liabilities: Contingent consideration – non-current(3) $ 1,114 $ — $ — $ 1,114 Total liabilities $ 1,114 $ — $ — $ 1,114 (1) Included in cash and cash equivalents on the accompanying consolidated balance sheets; valued at quoted market prices in active markets. (2) Short- and long-term investments consist of municipal bonds and government agency bonds; their fair value is calculated using an interest rate yield curve for similar instruments. (3) The Company’s valuation techniques and Level 3 inputs used to estimate the fair value of contingent consideration payable in connection with the LeMagIT acquisition are described in Note 5. During the six months ended June 30, 2015 the contingent consideration was reclassified from non-current to current liabilities as the final payment is expected to be made in the first quarter of 2016. During the six months ended June 30, 2015 and 2014, the contingent consideration increased by approximately $172 and $188, respectively, when it was remeasured to fair value. The remainder of the change in this balance was caused by foreign currency fluctuations.

Cash, Cash Equivalents and In23

Cash, Cash Equivalents and Investments (Tables)	6 Months Ended
	Jun. 30, 2015
Cash and Cash Equivalents [Abstract]
Cash and Cash Equivalents	Cash and cash equivalents consisted of the following: June 30, 2015 December 31, 2014 Cash $ 17,267 $ 18,204 Money market funds 1,896 1,071 Total cash and cash equivalents $ 19,163 $ 19,275
Short and Long-term Investments	Short and long-term investments consisted of the following: June 30, 2015 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Short and long-term investments: Government agency bonds $ 5,023 $ 7 $ — $ 5,030 Municipal bonds 13,104 — (15 ) 13,089 Total short and long-term investments $ 18,127 $ 7 $ (15 ) $ 18,119 December 31, 2014 Cost Gross Unrealized Gains Gross Unrealized Losses Estimated Fair Short and long-term investments: Government agency bonds $ 6,632 $ — $ (14 ) $ 6,618 Municipal bonds 12,307 4 (21 ) 12,290 Total short and long-term investments $ 18,939 $ 4 $ (35 ) $ 18,908

Intangible Assets (Tables)

Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Intangible Assets Subject to Amortization	Intangible assets subject to amortization as of June 30, 2015 and December 31, 2014 consist of the following: As of June 30, 2015 Estimated Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Customer, affiliate and advertiser relationships 5 – 9 $ 7,082 $ (5,956 ) $ 1,126 Developed websites, technology and patents 10 1,243 (534 ) 709 Trademark, trade name and domain name 5 – 8 1,846 (1,657 ) 189 Proprietary user information database and Internet traffic 3 – 5 1,264 (1,120 ) 144 Non-compete agreements 3 78 (67 ) 11 Total intangible assets $ 11,513 $ (9,334 ) $ 2,179 As of December 31, 2014 Estimated Useful Lives (Years) Gross Carrying Amount Accumulated Amortization Net Customer, affiliate and advertiser relationships 5 – 9 $ 7,079 $ (5,480 ) $ 1,599 Developed websites, technology and patents 10 1,361 (499 ) 862 Trademark, trade name and domain name 5 – 8 1,859 (1,598 ) 261 Proprietary user information database and Internet traffic 3 – 5 1,270 (1,024 ) 246 Non-compete agreements 3 85 (58 ) 27 Total intangible assets $ 11,654 $ (8,659 ) $ 2,995
Schedule of Amortization Expense of Intangible Assets	The Company expects amortization expense of intangible assets to be as follows: Years Ending December 31: Amortization Expense 2015 (July 1st – December 31st) $ 681 2016 864 2017 166 2018 103 2019 87 Thereafter 278 $ 2,179

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Common Share	A reconciliation of the numerator and denominator used in the calculation of basic and diluted net income per common share is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) Numerator: Net income $ 2,829 $ 1,303 $ 3,176 $ 1,438 Denominator: Basic: Weighted average shares of common stock outstanding 33,268,089 32,890,770 33,201,859 32,787,509 Diluted Weighted average shares of common stock outstanding 33,268,089 32,890,770 33,201,859 32,787,509 Effect of potentially dilutive shares(1) 1,721,388 1,130,981 1,753,752 1,039,020 Total weighted average shares of common stock outstanding 34,989,477 34,021,751 34,955,611 33,826,529 Net Income Per Common Share: Basic net income per common share $ 0.09 $ 0.04 $ 0.10 $ 0.04 Net Income Per Common Share: Diluted net income per common share $ 0.08 $ 0.04 $ 0.09 $ 0.04 (1) In calculating diluted earnings per share, 0.5 million shares related to outstanding stock options and unvested restricted stock awards were excluded for each of the three and six months ended June 30, 2015, and 2.9 million and 3.0 million shares related to outstanding stock options and unvested restricted stock awards were excluded for the three and six months ended June 30, 2014, respectively, because they were anti-dilutive.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments	Future minimum lease payments under the Company’s noncancelable operating leases at June 30, 2015 are as follows: Years Ending December 31: Minimum Lease Payments 2015 (July 1st – December 31st) $ 2,196 2016 4,247 2017 3,712 2018 3,831 2019 3,833 Thereafter 572 $ 18,391

Comprehensive Income (Tables)

Comprehensive Income (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Summary of Comprehensive Income	Comprehensive income includes all changes in equity during a period, except those resulting from investments by stockholders and distributions to stockholders. For the three and six months ended June 30, 2015 and 2014 the Company’s comprehensive income is as follows: For the Three Months Ended June 30, For the Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) Net income $ 2,829 $ 1,303 $ 3,176 $ 1,438 Other comprehensive (loss) income: Unrealized (loss) gain on investments (net of tax effect of $(2), $(1), $9 and $(2), respectively) (5 ) (2 ) 15 (3 ) Unrealized (loss) gain on foreign currency exchange (4 ) (5 ) (156 ) 25 Other comprehensive (loss) income (9 ) (7 ) (141 ) 22 Total comprehensive income $ 2,820 $ 1,296 $ 3,035 $ 1,460

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Summary of Stock Option Activity Under Company's Stock Option Plans	A summary of the stock option activity under the Company’s stock option plans for the six months ended June 30, 2015 is presented below: Year-to-Date Activity Options Outstanding Weighted- Average Exercise Price Per Share Weighted- Average Remaining Aggregate Options outstanding at December 31, 2014 3,347,657 $ 7.86 Granted 2,500 11.28 Exercised (294,739 ) 6.79 Forfeited — — Cancelled — — Options outstanding at June 30, 2015 3,055,418 $ 7.97 2.1 $ 5,154 Options exercisable at June 30, 2015 3,054,168 $ 7.97 2.1 $ 5,151 Options vested or expected to vest at June 30, 2015 (1) 3,055,282 $ 7.97 2.1 $ 5,154 (1) In addition to the vested options, the Company expects a portion of the unvested options to vest at some point in the future. Options expected to vest is calculated by applying an estimated forfeiture rate to the unvested options.
Summary of Restricted Stock Award Activity Under 2007 Stock Plan	A summary of the restricted stock award activity under the 2007 Plan for the six months ended June 30, 2015 is presented below: Year-to-Date Activity Shares Weighted- Average Grant Date Fair Value Per Share Aggregate Intrinsic Nonvested outstanding at December 31, 2014 2,279,167 $ 5.83 Granted 178,800 11.67 Vested (269,580 ) 8.67 Forfeited (54,803 ) 10.75 Nonvested outstanding at June 30, 2015 2,133,584 $ 5.97 $ 19,053

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Net Sales to Unaffiliated Customers by Geographic Area	Net sales to unaffiliated customers by geographic area* were as follows: Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 (Unaudited) North America $ 23,096 $ 20,099 $ 41,612 $ 38,397 International 6,661 6,049 11,803 10,728 Total $ 29,757 $ 26,148 $ 53,415 $ 49,125
Long-Lived Assets by Geographic Area	Long-lived assets** by geographic area were as follows: June 30, 2015 December 31, 2014 North America $ 99,576 $ 100,042 International 5,590 6,147 Total $ 105,166 $ 106,189 * based on current customer billing address; does not consider the geo-targeted, or target audience, location of the campaign ** comprised of property and equipment, net; goodwill; and intangible assets, net

Organization and Operations - A

Organization and Operations - Additional Information (Detail) - 6 months ended Jun. 30, 2015	GroupingWebsite
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Number of websites	150
Number of distinct media groups | Grouping	9

Summary of Significant Accoun31

Summary of Significant Accounting Policies - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)SegmentReporting_Unit	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Significant Accounting Policies [Line Items]
Number of reporting segment | Segment			1
Number of reporting unit | Reporting_Unit			1
Intangible assets with indefinite lives	$ 0		$ 0		$ 0
Capitalized internal-use software and website development costs	$ 700,000	$ 700,000	$ 1,500,000	$ 1,700,000
Other Income [Member]
Significant Accounting Policies [Line Items]
Reclassified amount		110,000		110,000
General and Administrative [Member]
Significant Accounting Policies [Line Items]
Reclassified amount		$ (130,000)		$ (130,000)
Minimum [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives			3 years
Maximum [Member]
Significant Accounting Policies [Line Items]
Estimated useful lives			10 years

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis (Detail) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets:
Total	$ 20,015	$ 19,979
Liabilities:
Total liabilities	1,189	1,114
Contingent Consideration - Current [Member]
Liabilities:
Total liabilities	1,189
Contingent Consideration - Non - Current [Member]
Liabilities:
Total liabilities		1,114
Money Market Funds [Member]
Assets:
Total	1,896	1,071
Short-Term Investments [Member]
Assets:
Total	2,144	5,480
Long Term Investments [Member]
Assets:
Total	15,975	13,428
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets:
Total	1,896	1,071
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member] | Money Market Funds [Member]
Assets:
Total	1,896	1,071
Significant Other Observable Inputs (Level 2) [Member]
Assets:
Total	18,119	18,908
Significant Other Observable Inputs (Level 2) [Member] | Short-Term Investments [Member]
Assets:
Total	2,144	5,480
Significant Other Observable Inputs (Level 2) [Member] | Long Term Investments [Member]
Assets:
Total	15,975	13,428
Significant Unobservable Inputs (Level 3) [Member]
Liabilities:
Total liabilities	1,189	1,114
Significant Unobservable Inputs (Level 3) [Member] | Contingent Consideration - Current [Member]
Liabilities:
Total liabilities	$ 1,189
Significant Unobservable Inputs (Level 3) [Member] | Contingent Consideration - Non - Current [Member]
Liabilities:
Total liabilities		$ 1,114

Fair Value Measurements - Ass33

Fair Value Measurements - Assets and Liabilities Carried at Fair Value and Measured on Recurring Basis (Parenthetical) (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Fair Value Disclosures [Abstract]
Increase in contingent consideration	$ 172	$ 188

Cash, Cash Equivalents and In34

Cash, Cash Equivalents and Investments - Additional Information (Detail)	3 Months Ended		6 Months Ended
	Jun. 30, 2015USD ($)Security	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Security	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Cash and Cash Equivalents [Abstract]
Liquid investments with maturities			3 months
Unrealized loss, net of taxes	$ 5,000		$ 5,000		$ 20,000
Realized gains or losses	$ 0	$ 0	$ 0	$ 0
Number of securities in unrealized loss position | Security	9		9
Unrealized loss available for sale securities, less than 12 months	$ 18,000		$ 18,000
Unrealized loss available for sale securities fair value, less than 12 months	$ 9,700,000		$ 9,700,000
Maximum duration of security			12 months
Municipal bonds maturity Start - date			Jul. 31, 2016
Municipal bonds maturity End - date			Feb. 28, 2018

Cash, Cash Equivalents and In35

Cash, Cash Equivalents and Investments - Cash and Cash Equivalents (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Cash and Cash Equivalents [Abstract]
Cash	$ 17,267	$ 18,204
Money market funds	1,896	1,071
Total cash and cash equivalents	$ 19,163	$ 19,275	$ 23,610	$ 15,412

Cash, Cash Equivalents and In36

Cash, Cash Equivalents and Investments - Short and Long-term Investments (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Available-for-sale Securities [Line Items]
Cost	$ 18,127	$ 18,939
Gross Unrealized Gains	7	4
Gross Unrealized Losses	(15)	(35)
Estimated Fair Value	18,119	18,908
US Government Agencies Debt Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	5,023	6,632
Gross Unrealized Gains	7
Gross Unrealized Losses		(14)
Estimated Fair Value	5,030	6,618
Municipal Bonds [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	13,104	12,307
Gross Unrealized Gains		4
Gross Unrealized Losses	(15)	(21)
Estimated Fair Value	$ 13,089	$ 12,290

Acquisition - Additional Inform

Acquisition - Additional Information (Detail)	Dec. 17, 2012USD ($)Installment	Dec. 31, 2014USD ($)	Dec. 31, 2013USD ($)
Business Acquisition [Line Items]
Cash paid for acquisition		$ 1,200,000	$ 1,200,000
Discount rate of projected net cash flows	10.00%
Maximum [Member]
Business Acquisition [Line Items]
Purchase price of acquisitions	$ 5,200,000
LeMagIT [Member]
Business Acquisition [Line Items]
Cash paid for acquisition	2,200,000
Potential future earnout	$ 700,000
Number of installments for acquisition cost | Installment	2

Intangible Assets - Summary of

Intangible Assets - Summary of Intangible Assets Subject to Amortization (Detail) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 11,513	$ 11,654
Accumulated Amortization	(9,334)	(8,659)
Total intangible assets	2,179	2,995
Customer, Affiliate and Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,082	7,079
Accumulated Amortization	(5,956)	(5,480)
Total intangible assets	$ 1,126	$ 1,599
Developed Websites, Technology and Patents [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	10 years	10 years
Gross Carrying Amount	$ 1,243	$ 1,361
Accumulated Amortization	(534)	(499)
Total intangible assets	709	862
Trademarks, Trade Names and Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,846	1,859
Accumulated Amortization	(1,657)	(1,598)
Total intangible assets	189	261
Proprietary User Information Database and Internet Traffic [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,264	1,270
Accumulated Amortization	(1,120)	(1,024)
Total intangible assets	$ 144	$ 246
Non-compete Agreement [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years	3 years
Gross Carrying Amount	$ 78	$ 85
Accumulated Amortization	(67)	(58)
Total intangible assets	$ 11	$ 27
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years
Minimum [Member] | Customer, Affiliate and Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years	5 years
Minimum [Member] | Trademarks, Trade Names and Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years	5 years
Minimum [Member] | Proprietary User Information Database and Internet Traffic [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	3 years	3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	10 years
Maximum [Member] | Customer, Affiliate and Advertiser Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	9 years	9 years
Maximum [Member] | Trademarks, Trade Names and Domain Name [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	8 years	8 years
Maximum [Member] | Proprietary User Information Database and Internet Traffic [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives	5 years	5 years

Intangible Assets - Additional

Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Finite-Lived Intangible Assets [Line Items]
Remaining amortization period			2 years 1 month 6 days
Amortization of intangible assets	$ 344	$ 454	$ 717	$ 905
Minimum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives			3 years
Maximum [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful lives			10 years

Intangible Assets - Schedule of

Intangible Assets - Schedule of Amortization Expense of Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2015 (July 1st - December 31st)	$ 681
2,016	864
2,017	166
2,018	103
2,019	87
Thereafter	278
Total intangible assets	$ 2,179	$ 2,995

Net Income Per Common Share - R

Net Income Per Common Share - Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Common Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net income	$ 2,829	$ 1,303	$ 3,176	$ 1,438
Basic:
Weighted average shares of common stock outstanding	33,268,089	32,890,770	33,201,859	32,787,509
Diluted:
Weighted average shares of common stock outstanding	33,268,089	32,890,770	33,201,859	32,787,509
Effect of potentially dilutive shares	1,721,388	1,130,981	1,753,752	1,039,020
Total weighted average shares of common stock outstanding	34,989,477	34,021,751	34,955,611	33,826,529
Net income per common share:
Basic net income per common share	$ 0.09	$ 0.04	$ 0.10	$ 0.04
Net income per common share:
Diluted net income per common share	$ 0.08	$ 0.04	$ 0.09	$ 0.04

Net Income Per Common Share -42

Net Income Per Common Share - Reconciliation of Numerator and Denominator Used in Calculation of Basic and Diluted Net Income Per Common Share (Parenthetical) (Detail) - shares shares in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options and Unvested Restricted Stock Awards [Member]
Calculation Of Numerator And Denominator In Earnings Per Share [Line Items]
Outstanding stock options were excluded from computation of diluted EPS	0.5	2.9	0.5	3

Bank Demand Loan Payable - Addi

Bank Demand Loan Payable - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Amended and Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Revolving credit facility bearing interest rate	Prime rate less 1.00%
Revolving loan agreement, outstanding	$ 0
Revolving Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing		$ 5,000,000
Revolving loan agreement, outstanding		$ 0
Revolving Credit Facility [Member] | Amended and Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Line of credit facility maximum borrowing	$ 5,000,000
Prime rate	1.00%
LIBOR margin	Plus 1.25%
Unused line fees	$ 0
Revolving Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Amended and Restated Credit Agreement [Member]
Line of Credit Facility [Line Items]
Debt instrument basis spread on variable rate	1.25%

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	1 Months Ended		6 Months Ended	12 Months Ended
	Nov. 30, 2010ft²	Aug. 31, 2009ft²	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Commitments and Contingencies Disclosure [Abstract]
Lease expiration date			Mar. 31, 2020
Lease agreement for office		87,875
Lease agreement commenced			Feb. 28, 2010
Lease agreement period			10 years
Additional lease space agreement	8,400
Lower income tax rate benefits available (minimum)			1.32%
Lower income tax rate benefits available (maximum)			9.50%
Tax benefits available on exemption from excise tax on net worth			0.26%
Tax differential including penalties and interest | $			$ 257,000
Charges, claims related to litigation | $			$ 0	$ 0

Commitments and Contingencies45

Commitments and Contingencies - Schedule of Future Minimum Lease Payments (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Commitments and Contingencies Disclosure [Abstract]
2015 (July 1st - December 31st)	$ 2,196
2,016	4,247
2,017	3,712
2,018	3,831
2,019	3,833
Thereafter	572
Future minimum lease payments, Total	$ 18,391

Comprehensive Income - Summary

Comprehensive Income - Summary of Comprehensive Income (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 2,829	$ 1,303	$ 3,176	$ 1,438
Other comprehensive (loss) income:
Unrealized (loss) gain on investments (net of tax effect of $(2), $(1), $9 and $(2), respectively)	(5)	(2)	15	(3)
Unrealized (loss) gain on foreign currency exchange	(4)	(5)	(156)	25
Other comprehensive (loss) income	(9)	(7)	(141)	22
Total comprehensive income	$ 2,820	$ 1,296	$ 3,035	$ 1,460

Comprehensive Income - Summar47

Comprehensive Income - Summary of Comprehensive Income (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Unrealized loss on investments, tax effect	$ (2)	$ (1)	$ 9	$ (2)

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Expected dividend yield	0.00%
Intrinsic value of options exercised	$ 1,400,000	$ 700,000
Cash received from exercise of options	2,003,000	1,768,000
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized	$ 8,600,000
Employee service share-based compensation, nonvested awards, compensation cost not yet recognized, period for recognition	1 year 7 months 6 days
Accrued compensation expenses	$ 805,000		$ 3,043,000
Stock Option 2007 Plan [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Issuance of common stock incentives	2,911,667
Annual increase in reserved common stock	2.00%
Additional share authorized	7,432,772
Shares available for grant	2,374,875
Minimum [Member] | Stock Option 1999 Plan [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Period of grants vested	4 years
Minimum [Member] | Stock Option 2007 Plan [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Period of grants vested	4 years
Maximum [Member] | Stock Option 1999 Plan [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Period of grants expired	10 years
Maximum [Member] | Stock Option 2007 Plan [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Period of grants expired	10 years
Restricted Stock [Member]
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]
Grant date fair value of stock options vested	$ 2,600,000	$ 1,800,000
Accrued compensation expenses	$ 0		$ 1,400,000

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Stock Option Activity under Company's Stock Option Plans (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Options outstanding, beginning balance	3,347,657
Options Outstanding, Granted	2,500
Options Outstanding, Exercised	(294,739)
Options Outstanding, Forfeited	0
Options Outstanding, Cancelled	0
Options outstanding, ending balance	3,055,418
Options Outstanding, Options exercisable	3,054,168
Options Outstanding, Options vested or expected to vest	3,055,282
Weighted-Average Exercise Price Per Share, Options outstanding, beginning balance	$ 7.86
Weighted-Average Exercise Price Per Share, Granted	11.28
Weighted-Average Exercise Price Per Share, Exercised	6.79
Weighted-Average Exercise Price Per Share, Forfeited	0
Weighted- Average Exercise Price Per Share, Cancelled	0
Weighted- Average Exercise Price Per Share, Options outstanding, ending balance	7.97
Weighted- Average Exercise Price Per Share, Options exercisable	7.97
Weighted-Average Exercise Price Per Share, Options vested or expected to vest	$ 7.97
Weighted-Average Remaining Contractual Term in Years, Options outstanding	2 years 1 month 6 days
Weighted-Average Remaining Contractual Term in Years, Options exercisable	2 years 1 month 6 days
Weighted-Average Remaining Contractual Term in Years, Options vested or expected to vest	2 years 1 month 6 days
Aggregate Intrinsic Value, Options outstanding	$ 5,154
Aggregate Intrinsic Value, Options exercisable	5,151
Aggregate Intrinsic Value, Options vested or expected to vest	$ 5,154

Stock-Based Compensation - Su50

Stock-Based Compensation - Summary of Restricted Stock Award Activity under 2007 Stock Plan (Detail) - Jun. 30, 2015 - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares, Nonvested outstanding, beginning balance	2,279,167
Shares, Granted	178,800
Shares, Vested	(269,580)
Shares, Forfeited	(54,803)
Shares, Nonvested outstanding, ending balance	2,133,584
Weighted-Average Grant Date Fair Value Per Share, Nonvested outstanding, beginning balance	$ 5.83
Weighted-Average Grant Date Fair Value Per Share, Granted	11.67
Weighted-Average Grant Date Fair Value Per Share, Vested	8.67
Weighted-Average Grant Date Fair Value Per Share, Forfeited	10.75
Weighted-Average Grant Date Fair Value Per Share, Nonvested outstanding, ending balance	$ 5.97
Aggregate Intrinsic Value, Nonvested outstanding	$ 19,053

Stockholders' Equity - Addition

Stockholders' Equity - Additional Information (Detail) - USD ($)	Dec. 09, 2014	May. 31, 2014	Jun. 30, 2015	Dec. 31, 2014	May. 31, 2015	Aug. 31, 2014
Schedule of Trading Securities and Other Trading Assets [Line Items]
Common stock reserved for options outstanding and restricted stock awards			7,738,878
Common stock repurchase amount					$ 10,000,000
Common stock, shares issued in secondary public offering		5,750,000
Common stock shares issued, price per share		$ 6.25
Legal, accounting, and other fees relating to secondary public offerings		$ 500,000
2014 Program [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Common stock repurchase amount						$ 20,000,000
Common stock repurchased, shares	1,000,000		410,439	1,551,224
Common stock repurchase, amount	$ 9,800,000		$ 3,800,000	$ 15,000,000
Percentage of purchase price per share equivalent to closing price of common stock	97.00%
Percentage of voting securities	5.00%
Share repurchase closing date	Dec. 10, 2014

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Line Items]
Effective income tax rate	40.90%	43.60%
Income tax benefit	$ 900	$ 400
Income tax reserve arising from difference in rates applicable to corporations	$ 400
Lower income tax rate benefits available (minimum)	1.32%
Lower income tax rate benefits available (maximum)	9.50%
Tax benefits available on exemption from excise tax on net worth	0.26%
Tax differential including penalties and interest	$ 257
State and Local Jurisdiction [Member]
Income Taxes [Line Items]
Tax differential including penalties and interest	$ 677

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of operating segment	1

Segment Information - Net Sales

Segment Information - Net Sales to Unaffiliated Customers by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales, Total	$ 29,757	$ 26,148	$ 53,415	$ 49,125
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales, Total	23,096	20,099	41,612	38,397
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net sales, Total	$ 6,661	$ 6,049	$ 11,803	$ 10,728

Segment Information - Long-Live

Segment Information - Long-Lived Assets by Geographic Area (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, Total	$ 105,166	$ 106,189
North America [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, Total	99,576	100,042
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets, Total	$ 5,590	$ 6,147