Xoom 10-Q 29 Apr 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 21, 2014
Document Information [Line Items]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	31-Mar-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Trading Symbol	'XOOM	'
Entity Registrant Name	'XOOM CORP	'
Entity Central Index Key	'0001315657	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	37,986,697

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current assets:	'	'
Cash and cash equivalents	$98,010	$110,979
Disbursement prefunding	38,722	33,799
Short-term investments	106,767	104,678
Customer funds receivable	29,389	16,381
Prepaid expenses and other current assets	5,066	4,237
Total current assets	277,954	270,074
Non-current assets:	'	'
Property, equipment and software, net	5,254	4,855
Goodwill	9,032	'
Intangibles, net	5,746	250
Restricted cash	10,968	7,816
Other assets	966	1,084
Total assets	309,920	284,079
Current liabilities:	'	'
Accounts payable and accrued expenses	9,220	8,345
Customer liabilities	25,628	10,791
Total current liabilities	34,848	19,136
Non-current liabilities:	'	'
Other non-current liabilities	2,309	99
Total liabilities	37,157	19,235
Commitments and Contingencies (Note 12)	'	'
Stockholders' equity:	'	'
Convertible preferred stock, $0.0001 par value, 25,000,000 shares authorized; issued and outstanding 0 shares; aggregate liquidation preference $0 at March 31, 2014 and December 31, 2013	'	'
Common stock, $0.0001 par value, 500,000,000 shares authorized; issued and outstanding 37,983,793 and 37,583,945 shares at March 31, 2014 and December 31, 2013, respectively	4	4
Additional paid-in capital	329,450	321,878
Accumulated other comprehensive loss	-5	'
Accumulated deficit	-56,686	-57,038
Total stockholders' equity	272,763	264,844
Total liabilities and stockholders' equity	$309,920	$284,079

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Convertible preferred stock, par value	$0.00	$0.00
Convertible preferred stock, authorized	25,000,000	25,000,000
Convertible preferred stock, issued	0	0
Convertible preferred stock, outstanding	0	0
Convertible preferred stock, aggregate liquidation preference	$0	$0
Common stock, par value	$0.00	$0.00
Common stock, authorized	500,000,000	500,000,000
Common stock, issued	37,983,793	37,583,945
Common stock, outstanding	37,983,793	37,583,945

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue	$35,938	$24,315
Cost of revenue	9,578	7,519
Gross profit	26,360	16,796
Marketing	8,782	5,692
Technology and development	7,850	4,834
Customer service and operations	3,974	3,017
General and administrative	5,158	2,923
Total operating expense	25,764	16,466
Income from operations	596	330
Other income (expense):	'	'
Interest expense	-328	-447
Interest income	76	36
Other income	20	4
Income (loss) before provision for income taxes	364	-77
Provision for income taxes	12	2
Net income (loss)	$352	($79)
Net income (loss) per share:	'	'
Basic	$0.01	$0
Diluted	$0.01	$0
Weighted-average shares used to compute net income (loss) per share	'	'
Basic	37,799	19,041
Diluted	41,710	19,041

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Comprehensive Income (Loss) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Net income (loss)	$352	($79)
Unrealized loss on marketable securities, net of taxes of $0	-5	-10
Total comprehensive income (loss)	$347	($89)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Parenthetical) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Unrealized loss on marketable securities, taxes	$0	$0

Condensed_Consolidated_Stateme3

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Cash flows from operating activities:	'	'
Net income (loss)	$352	($79)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'	'
Stock-based compensation	1,924	778
Depreciation and other amortization expense	779	462
Amortization of acquired intangible	204	0
Amortization of premium on investments	384	160
Amortization of warrant issuance costs	5	28
Changes in operating assets and liabilities:	'	'
Disbursement prefunding	-4,835	1,194
Customer funds receivable	-13,008	-28,641
Prepaid expenses and other current assets	-822	1,720
Other assets	127	49
Customer liabilities	14,837	16,558
Accounts payable and accrued expenses	627	802
Other non-current liabilities	710	9
Net cash provided by (used in) operating activities	1,284	-6,960
Cash flows from investing activities:	'	'
Purchase of property, equipment and software	-929	-395
Purchase of short-term investments	-35,565	-33,873
Proceeds from sales and maturities of short-term investments	33,087	7,291
Cash paid in business combination, net of cash received	-8,874	'
Change in restricted cash	-3,152	-1,012
Net cash used in investing activities	-15,433	-27,989
Cash flows from financing activities:	'	'
Proceeds from exercise of common stock options	1,176	400
Excess tax benefit related to stock-based compensation	4	'
Net repayments under line of credit	'	-15,000
Proceeds from initial public offering, net of costs	'	88,527
Net cash provided by financing activities	1,180	73,927
Net increase (decrease) in cash and cash equivalents	-12,969	38,978
Cash and cash equivalents, beginning of period	110,979	45,077
Cash and cash equivalents, end of period	98,010	84,055
Supplemental disclosures of cash flow information:	'	'
Cash paid for taxes	2	2
Cash paid for interest	228	334
Non-current liability in connection with acquisition of BlueKite, LTD	1,500	'
Issuance of common stock equity in connection with acquisition of BlueKite, LTD	4,470	'
Purchases of property and equipment in accounts payable and accrued expenses	367	36
Deferred offering costs not yet paid	'	$185

Business_and_Basis_of_Presenta

Business and Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Business and Basis of Presentation	'
	(1) Business and Basis of Presentation
	(a) Business Overview
	Xoom Corporation and its subsidiaries (together, “Xoom” or the “Company”) is a leader in the digital consumer-to-consumer international money transfer industry. Xoom provides its customers with fast and convenient ways to send money to friends and family in 31 countries using their bank account, credit card, or debit card.
	Xoom was incorporated in California in June 2001 and reincorporated in Delaware in November 2012. The Company’s corporate headquarters is located in San Francisco, California.
	(b) Basis of Presentation and Consolidation
	The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) and applicable rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, they do not include all of the information and notes required by GAAP for annual financial statements.
	In the opinion of management, all adjustments consisting of normal and recurring entries considered necessary for a fair presentation of the results for the interim periods presented have been included. All significant intercompany balances and transactions have been eliminated.
	The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts in the financial statements and accompanying notes. These estimates are based on information available as of the date of the unaudited condensed consolidated financial statements. Therefore, actual results could differ from those estimates. Interim results are not necessarily indicative of the results for a full year.
	These unaudited condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and notes contained in the Company’s Annual Report on Form 10-K filed with the SEC on February 21, 2014 (the “Annual Report”). Certain items in the prior period’s consolidated financial statements have been reclassified to conform to the current period’s presentation. These reclassifications did not impact any prior amounts of reported total assets, total liabilities, stockholders’ equity or results of operations.
	Business events in 2014 required the Company to make additions to the accounting policies for business combinations and stock-based compensation, as more fully set forth below. There have been no other changes in the significant accounting policies as disclosed in the audited consolidated financial statements for 2013 included in the Annual Report.
	Business Combination
	In January 2014, the Company acquired all of the outstanding equity of BlueKite, LTD, a British Virgin Island (“BVI”) business company, which is a Guatemala-based developer of solutions and applications for cross-border bill pay and cell phone top up services. Under the acquisition method of accounting, the Company allocated the purchase price to the identifiable assets and liabilities based on their estimated fair value at the date of the acquisition. The Company recorded the excess of the purchase price over the total net identifiable assets as goodwill. Acquired intangible assets are amortized over their estimated useful lives. Acquisition-related expenses are expensed as incurred.
	Stock-based Compensation
	The Company granted Restricted Stock Units (“RSUs”) in January 2014 to its employees. The stock-based compensation expense related to RSUs is recognized on a ratable basis over the requisite service period of the grant. The fair value of RSUs is determined using the fair value of the Company’s common stock on the date of grant.

Shortterm_Investments

Short-term Investments	3 Months Ended
	Mar. 31, 2014
Short-term Investments	'
	(2) Short-term Investments
	Marketable securities, classified as available-for-sale, are stated at fair value. There were no other-than-temporary losses during any of the periods presented.
	As of March 31, 2014, the Company’s short-term investments were $106.8 million, consisting of certificates of deposit of $3.0 million and marketable securities measured at fair value as follows (in thousands):
		March 31, 2014
		Amortized		Unrealized		Unrealized			Fair
		cost		gains		loss			value
		(unaudited)
	U.S. agency notes	$	24,206	$	3	$	(2	)	$	24,207
	Corporate bonds		43,126		8		(15	)		43,119
	Commercial paper		36,440		1		—			36,441
	Total Marketable Securities	$	103,772	$	12	$	(17	)	$	103,767
	As of December 31, 2013, the Company’s short-term investments were $104.7 million, consisting of certificates of deposit of $2.0 million and marketable securities measured at fair value as follows (in thousands):
		December 31, 2013
		Amortized		Unrealized		Unrealized			Fair
		cost		gains		loss			value
	U.S. agency notes	$	23,298	$	1	$	(2	)	$	23,297
	Corporate bonds		42,766		7		(5	)		42,768
	Commercial paper		36,614		—		(1	)		36,613
	Total Marketable Securities	$	102,678	$	8	$	(8	)	$	102,678
	As of March 31, 2014 and December 31, 2013, there were no short-term investments with maturity dates greater than one year.

Fair_Value_Measurements

Fair Value Measurements	3 Months Ended
	Mar. 31, 2014
Fair Value Measurements	'
	(3) Fair Value Measurements
	Fair value is an exit price, the amount that would be received from the sale of an asset or paid to transfer a liability in an orderly transaction between market participants. The authoritative guidance on fair value measurements establishes a consistent framework for measuring fair value on either a recurring or nonrecurring basis whereby inputs, used in valuation techniques, are assigned a hierarchical level. The Company’s marketable securities are stated at fair value utilizing the same hierarchy.
	The following three levels of inputs are used to measure fair value:
	Level 1: Quoted prices in active markets for identical assets or liabilities.
	Level 2: Observable inputs other than Level 1 prices such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.
	Level 3: Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. Level 3 assets and liabilities include items where the determination of fair value requires significant management judgment or estimation.
	The book value of the Company’s financial instruments not measured at fair value on a recurring basis, including cash, certificates of deposit, restricted cash, disbursement prefunding, customer funds receivables, line of credit and customer liabilities, approximates fair value due to the relatively short maturity, cash repayments or market interest rates of such instruments. The fair value of such financial instruments is determined using the income approach based on the present value of estimated future cash flows. The fair value of all of these instruments would be categorized as Level 2 of the fair value hierarchy, with the exception of cash and restricted cash which would be categorized as Level 1.
	The Company’s cash equivalents and marketable securities that are measured at fair value on a recurring basis are classified as follows (in thousands):
		March 31, 2014						December 31, 2013
		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
		(unaudited)
	Cash and Cash Equivalents:
	Money market funds	$	43,198	$	—	$	—	$	43,815	$	—	$	—
	Corporate bonds		—		823		—		—		—		—
	Commercial paper		—		845		—		—		2,143		—
	Marketable Securities:
	U.S. agency notes		—		24,207		—		—		23,297		—
	Corporate bonds		—		43,119		—		—		42,768		—
	Commercial paper		—		36,441		—		—		36,613		—
		$	43,198	$	105,435	$	—	$	43,815	$	104,821	$	—
	Financial instruments, which are traded in active markets, using quoted market prices for identical instruments are assigned a Level 1 under the fair value hierarchy. The Company obtains the fair value of its Level 2 financial instruments from a professional pricing service, which may use quoted market prices for identical or comparable instruments, or inputs other than quoted prices that are observable either directly or indirectly. The professional pricing service gathers quoted market prices and observable inputs for the Company’s financial instruments from a variety of industry data providers. The valuation techniques used to measure the fair value of Level 2 financial instruments were derived from nonbinding market consensus prices that are corroborated by observable market data, quoted market prices for similar instruments, or pricing models such as discounted cash flow techniques. There were no material changes in the valuation techniques during any of the periods presented.
	To validate the reasonableness of fair values obtained from a professional pricing service, the Company performs several controls including periodic meetings with the pricing service and the Company’s custodians, obtaining the internal control reports of the pricing service and investigating any significant realized or unrealized gains or losses on its short-term investments.
	There were no transfers between Level 1 and Level 2 assets during any of the periods presented.

Property_Equipment_and_Softwar

Property, Equipment and Software, Net	3 Months Ended
	Mar. 31, 2014
Property, Equipment and Software, Net	'
	(4) Property, Equipment and Software, Net
	The following is a summary of property, equipment and software at cost, less accumulated depreciation and amortization (in thousands):
		March 31,			December 31,
		2014			2013
		(unaudited)
	Office furniture and equipment	$	6,097		$	5,580
	Software		4,490			4,049
	Leasehold improvements		612			405
	Total		11,199			10,034
	Less: accumulated depreciation		(5,945	)		(5,179	)
	Property, equipment and software, net	$	5,254		$	4,855

Business_Combination

Business Combination	3 Months Ended
	Mar. 31, 2014
Business Combination	'
	(5) Business Combination
	On January 10, 2014 (the “Closing Date”), the Company acquired all of the outstanding equity of BlueKite, LTD (the “Acquisition”), for a total purchase price of $14.9 million. The purchase price is comprised of $8.9 million in cash, $2.2 million in immediate common stock equity, $2.3 million in contingent common stock equity and $1.5 million as a holdback amount for 18 months following the Closing Date to satisfy any unresolved claims that may arise in the future.
	The equity component of the transaction included $2.2 million of shares issued on the Closing Date and some additional shares issuable to the selling stockholders of BlueKite, LTD contingent upon certain conditions. These additional shares will be forfeited if certain employees do not remain employed with the Company through a certain period. To the extent these shares are issuable to such employees who are required to remain employed with the Company, the fair value of these shares ($0.2 million) will be recorded as compensation expense as the services are rendered. To the extent the shares are issuable to the selling stockholders who are not required to perform services, the fair value of the shares was recorded as purchase consideration in the amount of approximately $2.3 million based on the closing trading price of the Company’s stock on the Closing Date.
	The following table summarizes the allocation of the total purchase price and the fair value of net tangible and intangible assets acquired as a result of the Acquisition (in thousands):
		(unaudited)
	Developed technology	$	5,700
	Net tangible assets acquired		154
	Goodwill		9,032
	Total purchase price	$	14,886
	The Company has included the effects of the Acquisition within the results of operations prospectively from the Closing Date. Pro forma financial information for this business combination has not been presented, as the effects are not material to the Company’s historical consolidated financial statements.
	Goodwill, which is not deductible for tax purposes, represents the excess of the purchase price over the fair value of the net tangible and intangible assets acquired, and is primarily attributable to the knowledgeable and experienced workforce of the acquired business and expected synergies at the time of the Acquisition.

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2014
Goodwill and Other Intangible Assets	'
	(6) Goodwill and Other Intangible Assets
	The Company recorded $9.0 million of goodwill and $5.7 million of an identifiable intangible asset (developed technology) in connection with the Acquisition. Developed technology is being amortized on a straight-line basis over an estimated useful life of seven years. Amortization expense related to the amortizable intangible asset for the three months ended March 31, 2014 was $0.2 million and is included in technology and development expense in the accompanying condensed consolidated statements of operations. There was no amortization expense related to any amortizable intangible assets for the three months ended March 31, 2013. As of March 31, 2014, the estimated future amortization expense of the acquired intangible asset (developed technology) for each of the succeeding five years and thereafter is as follows (in thousands, unaudited):
	Year ending December 31:
	2014 (from April 1, 2014)	$	610
	2015		814
	2016		814
	2017		814
	2018		814
	Thereafter		1,630
	Total amortization expense	$	5,496

Accounts_Payable_and_Accrued_E

Accounts Payable and Accrued Expenses	3 Months Ended
	Mar. 31, 2014
Accounts Payable and Accrued Expenses	'
	(7) Accounts Payable and Accrued Expenses
	The following is a summary of accounts payable and accrued expenses (in thousands):
		March 31,			December 31,
		2014			2013
		(unaudited)
	Accounts payable	$	704		$	711
	Accrued processing and disbursement costs		2,147			2,120
	Accrued marketing expense		1,947			1,940
	Other accrued expenses		4,422			3,574
		$	9,220		$	8,345
	Other accrued expenses in the table above include the reserve for transaction losses. The Company is exposed to transaction losses due to fraud, as well as nonperformance of third parties and customers. The Company establishes a reserve for such losses based on historical trends and any specific risks identified in processing customer transactions. Recoveries are reflected as a reduction in the reserve for transaction losses when the recovery occurs. The following table summarizes the Company’s reserve for transaction losses (in thousands, unaudited):
	Balance as of December 31, 2013	$	223
	Additions to expense		2,722
	Losses incurred		(2,637	)
	Balance as of March 31, 2014	$	308

Line_of_Credit

Line of Credit	3 Months Ended
	Mar. 31, 2014
Line of Credit	'
	(8) Line of Credit
	In September 2013, the Company entered into an Amended and Restated Credit Agreement (the “Restated Loan Agreement”) with Silicon Valley Bank (“SVB”) and other lenders. The Restated Loan Agreement added additional lenders, increased the available borrowing amount to $150.0 million through September 2016 and changed certain of the financial provisions. Under the Restated Loan Agreement, the Company pays a fee of 0.50% per annum for the daily unused portions of the line of credit. The interest rate at March 31, 2014 and December 31, 2013 was 4.25%. The Company paid a one-time commitment fee of $430,000 in 2013. The Company also paid SVB a one-time arrangement fee of 0.30% of the amount available under the line of credit and an annual administration fee of $45,000 in 2013. These expenses, except the annual administration fee which is expensed over twelve months, are being amortized over the period of the Restated Loan Agreement.
	SVB issued a standby letter of credit for $15.0 million which satisfied an additional collateral requirement to maintain the Company’s India operations. In connection with the new lease arrangement entered into in December 2013, which is described in the “Contractual Obligations and Commitments” section of Item 2 of this report, SVB issued a $3.9 million letter of credit in January 2014 as a security deposit for the Company’s new office lease.
	As of March 31, 2014, the Company had $131.1 million available under its $150.0 million line of credit, reflecting $18.9 million reserved under the two letters of credit.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
	(9) Income Taxes
	The income tax provision for the three months ended March 31, 2014 and 2013 was $12,000 and $2,000, respectively. The Company provides for income taxes using an asset and liability approach, under which deferred income taxes are provided based upon enacted tax laws and rates applicable to periods in which the taxes become payable.
	The Company is subject to income tax in U.S. federal, various U.S. state and foreign tax jurisdictions. Presently, there are no ongoing income tax examinations in the jurisdictions where the Company operates.
	As of March 31, 2014, the Company remains on a full valuation allowance deferred tax asset position. The realization of the Company’s deferred tax assets depends primarily on its ability to generate sufficient U.S. taxable income in future periods. The amount of deferred tax assets considered realizable may increase or decrease in subsequent quarters as management reevaluates the underlying basis for the estimates of future domestic taxable income.

Stockbased_Compensation

Stock-based Compensation	3 Months Ended
	Mar. 31, 2014
Stock-based Compensation	'
	(10) Stock-based Compensation
	Stock-based compensation expense included in the Company’s condensed consolidated statements of operations during the periods presented is as follows (in thousands):
		Three Months Ended March 31,
		2014			2013
		(unaudited)
	Stock-based compensation expense:
	Marketing	$	233		$	92
	Technology and development		619			226
	Customer service and operations		193			77
	General and administrative		879			383
	Total stock-based compensation	$	1,924		$	778
	(a) Stock Options
	The fair value for options granted was estimated at the date of the grant using a Black-Scholes option-pricing model. The weighted-average grant date fair value of options granted was $12.02 for the three months ended March 31, 2014. There were no options granted during the three months ended March 31, 2013. The following table presents the weighted-average assumptions for options granted during the three months ended March 31, 2014:
		Three Months Ended
		March 31, 2014
		(unaudited)
	Expected term (in years)	6.3
	Risk-free interest rate	2.06%
	Dividend yield	None
	Volatility rate	44%
	Stock option activity and related information during the period indicated was as follows (unaudited):
					Weighted-				Exercisable
					Average				Weighted-
		Options			Exercise		Options		Average
		Outstanding			Price		Exercisable		Exercise Price
	Outstanding as of December 31, 2013		6,045,912		$	7.72		3,195,701	$	3.64
	Granted		1,180,000			26.52
	Exercised		(324,477	)		3.65
	Forfeited and cancelled		(31,996	)		14.38
	Outstanding as of March 31, 2014		6,869,439		$	11.11		3,340,416	$	4.46
	As of March 31, 2014, there were 6,786,921 options that had vested or are expected to vest with a weighted-average exercise price of $11.02 and a weighted-average remaining contractual life of 7.0 years. As of December 31, 2013, there were 5,988,706 options that had vested and were expected to vest with a weighted-average exercise price of $7.67 and a weighted-average remaining contractual life of 6.6 years.
	The aggregate intrinsic value of options outstanding was $69.8 million and the aggregate intrinsic value of options exercisable was $65.3 million as of March 31, 2014.
	The total intrinsic value of options exercised was approximately $7.8 million and $3.2 million for the three months ended March 31, 2014 and 2013, respectively.
	As of March 31, 2014, there was $25.0 million of total unrecognized compensation expense related to option grants, which is expected to be recognized over a weighted-average period of 2.9 years.
	(b) Restricted Stock Units
	The Company began granting RSUs to its employees in January 2014. The fair value of the RSUs is determined using the fair value of the Company’s common stock on the date of grant. These RSUs typically vest and become exercisable annually over four years. Stock-based compensation expense is amortized on a straight-line basis over the requisite service period.
	The following table shows a summary of RSU activity for the three months ended March 31, 2014 (unaudited):
		Outstanding RSUs
		Shares			Weighted-
					Average
					Grant Date
					Fair Value
	Unvested as of January 1, 2014		—		$	—
	Granted		45,000			26.52
	Vested		—			—
	Forfeited and cancelled		(7,500	)		26.52
	Unvested as of March 31, 2014		37,500		$	26.52
	As of March 31, 2014, there was $0.9 million of total unrecognized compensation expense related to RSUs, which is expected to be recognized over a weighted-average period of 2.6 years.

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2014
Earnings (Loss) Per Share	'
	(11) Earnings (Loss) Per Share
	Basic earnings (loss) per share is computed by dividing the net income (loss) by the weighted-average number of shares of common stock outstanding during the period. Diluted earnings (loss) per share is computed using the weighted-average number shares of common stock outstanding during the period and, when dilutive, potential common shares outstanding during the period. Potential common shares consist of incremental shares issuable upon the assumed exercise of stock options, preferred stock, warrants, unvested RSUs and contingent consideration related to the Acquisition. Diluted earnings (loss) per share is the same as basic earnings (loss) per share for the three months ended March 31, 2013 because the effects of potentially dilutive items were anti-dilutive given the Company’s net loss in the period.
	The following table presents the calculation of earnings (loss) per share (in thousands, except per share data):
		Three Months Ended
		March 31,
		2014		2013
		(unaudited)
	Basic earnings (loss) per share:
	Numerator:
	Net income (loss)	$	352	$	(79	)
	Denominator:
	Weighted-average common shares		37,799		19,041
	Basic earnings (loss) per share	$	0.01	$	(0.00	)
	Diluted earnings (loss) per share:
	Numerator:
	Net income (loss)	$	352	$	(79	)
	Denominator:
	Weighted-average common shares		37,799		19,041
	Weighted-average dilutive stock options and RSUs		3,832		—
	Contingent stock due to acquisition		79		—
	Weighted-average common shares and equivalents		41,710		19,041
	Diluted earnings (loss) per share	$	0.01	$	(0.00	)
	The following securities have been excluded from the calculation of diluted net earnings (loss) per share of common stock for the periods presented because their effect would have been anti-dilutive (in thousands):
		Three Months
		Ended March 31,
		2014		2013
		(unaudited)
	Stock options outstanding		1,875		6,484
	Unvested RSUs		38		—
	Total common stock equivalents		1,913		6,484

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
	(12) Commitments and Contingencies
	(a) Operating Leases
	The Company conducts operations from leased facilities under operating lease agreements that expire at various dates through 2024. The terms of the lease agreements provide for rental payments on a graduated basis. The Company recognizes rent expense on a straight-line basis over the lease period.
	(b) Litigation
	The Company may be involved from time to time in various legal proceedings in the normal course of business, but is currently not a party to any material pending legal proceedings.

Shortterm_Investments_Tables

Short-term Investments (Tables)	3 Months Ended
	Mar. 31, 2014
Marketable Securities Measured at Fair Value	'
	As of March 31, 2014, the Company’s short-term investments were $106.8 million, consisting of certificates of deposit of $3.0 million and marketable securities measured at fair value as follows (in thousands):
		March 31, 2014
		Amortized		Unrealized		Unrealized			Fair
		cost		gains		loss			value
		(unaudited)
	U.S. agency notes	$	24,206	$	3	$	(2	)	$	24,207
	Corporate bonds		43,126		8		(15	)		43,119
	Commercial paper		36,440		1		—			36,441
	Total Marketable Securities	$	103,772	$	12	$	(17	)	$	103,767
	As of December 31, 2013, the Company’s short-term investments were $104.7 million, consisting of certificates of deposit of $2.0 million and marketable securities measured at fair value as follows (in thousands):
		December 31, 2013
		Amortized		Unrealized		Unrealized			Fair
		cost		gains		loss			value
	U.S. agency notes	$	23,298	$	1	$	(2	)	$	23,297
	Corporate bonds		42,766		7		(5	)		42,768
	Commercial paper		36,614		—		(1	)		36,613
	Total Marketable Securities	$	102,678	$	8	$	(8	)	$	102,678

Fair_Value_Measurements_Tables

Fair Value Measurements (Tables)	3 Months Ended
	Mar. 31, 2014
Cash and Cash Equivalents and Marketable Securities, Measured at Fair Value on Recurring Basis	'
	The Company’s cash equivalents and marketable securities that are measured at fair value on a recurring basis are classified as follows (in thousands):
		March 31, 2014						December 31, 2013
		Level 1		Level 2		Level 3		Level 1		Level 2		Level 3
		(unaudited)
	Cash and Cash Equivalents:
	Money market funds	$	43,198	$	—	$	—	$	43,815	$	—	$	—
	Corporate bonds		—		823		—		—		—		—
	Commercial paper		—		845		—		—		2,143		—
	Marketable Securities:
	U.S. agency notes		—		24,207		—		—		23,297		—
	Corporate bonds		—		43,119		—		—		42,768		—
	Commercial paper		—		36,441		—		—		36,613		—
		$	43,198	$	105,435	$	—	$	43,815	$	104,821	$	—

Property_Equipment_and_Softwar1

Property, Equipment and Software, Net (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Property, Equipment and Software	'
	The following is a summary of property, equipment and software at cost, less accumulated depreciation and amortization (in thousands):
		March 31,			December 31,
		2014			2013
		(unaudited)
	Office furniture and equipment	$	6,097		$	5,580
	Software		4,490			4,049
	Leasehold improvements		612			405
	Total		11,199			10,034
	Less: accumulated depreciation		(5,945	)		(5,179	)
	Property, equipment and software, net	$	5,254		$	4,855

Business_Combination_Tables

Business Combination (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Total Purchase Price Allocation and Fair Value of Net Tangible and Intangible Assets Acquired	'
	The following table summarizes the allocation of the total purchase price and the fair value of net tangible and intangible assets acquired as a result of the Acquisition (in thousands):
		(unaudited)
	Developed technology	$	5,700
	Net tangible assets acquired		154
	Goodwill		9,032
	Total purchase price	$	14,886

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Estimated Future Amortization Expense of Purchased Intangible Asset	'
	As of March 31, 2014, the estimated future amortization expense of the acquired intangible asset (developed technology) for each of the succeeding five years and thereafter is as follows (in thousands, unaudited):
	Year ending December 31:
	2014 (from April 1, 2014)	$	610
	2015		814
	2016		814
	2017		814
	2018		814
	Thereafter		1,630
	Total amortization expense	$	5,496

Accounts_Payable_and_Accrued_E1

Accounts Payable and Accrued Expenses (Tables)	3 Months Ended
	Mar. 31, 2014
Summary of Accounts Payable and Accrued Expenses	'
	The following is a summary of accounts payable and accrued expenses (in thousands):
		March 31,			December 31,
		2014			2013
		(unaudited)
	Accounts payable	$	704		$	711
	Accrued processing and disbursement costs		2,147			2,120
	Accrued marketing expense		1,947			1,940
	Other accrued expenses		4,422			3,574
		$	9,220		$	8,345
Reserve for Transaction Losses	'
	The following table summarizes the Company’s reserve for transaction losses (in thousands, unaudited):
	Balance as of December 31, 2013	$	223
	Additions to expense		2,722
	Losses incurred		(2,637	)
	Balance as of March 31, 2014	$	308

Stockbased_Compensation_Tables

Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Stock Based Compensation Expense Included in Condensed Consolidated Statements of Operations	'
	Stock-based compensation expense included in the Company’s condensed consolidated statements of operations during the periods presented is as follows (in thousands):
		Three Months Ended March 31,
		2014			2013
		(unaudited)
	Stock-based compensation expense:
	Marketing	$	233		$	92
	Technology and development		619			226
	Customer service and operations		193			77
	General and administrative		879			383
	Total stock-based compensation	$	1,924		$	778
Weighted Average Assumptions for Options Granted	'
	The following table presents the weighted-average assumptions for options granted during the three months ended March 31, 2014:
		Three Months Ended
		March 31, 2014
		(unaudited)
	Expected term (in years)	6.3
	Risk-free interest rate	2.06%
	Dividend yield	None
	Volatility rate	44%
Stock Option Activity and Related Information	'
	Stock option activity and related information during the period indicated was as follows (unaudited):
					Weighted-				Exercisable
					Average				Weighted-
		Options			Exercise		Options		Average
		Outstanding			Price		Exercisable		Exercise Price
	Outstanding as of December 31, 2013		6,045,912		$	7.72		3,195,701	$	3.64
	Granted		1,180,000			26.52
	Exercised		(324,477	)		3.65
	Forfeited and cancelled		(31,996	)		14.38
	Outstanding as of March 31, 2014		6,869,439		$	11.11		3,340,416	$	4.46
Summary of RSU Activity	'
	The following table shows a summary of RSU activity for the three months ended March 31, 2014 (unaudited):
		Outstanding RSUs
		Shares			Weighted-
					Average
					Grant Date
					Fair Value
	Unvested as of January 1, 2014		—		$	—
	Granted		45,000			26.52
	Vested		—			—
	Forfeited and cancelled		(7,500	)		26.52
	Unvested as of March 31, 2014		37,500		$	26.52

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings (Loss) Per Share	'
	The following table presents the calculation of earnings (loss) per share (in thousands, except per share data):
		Three Months Ended
		March 31,
		2014		2013
		(unaudited)
	Basic earnings (loss) per share:
	Numerator:
	Net income (loss)	$	352	$	(79	)
	Denominator:
	Weighted-average common shares		37,799		19,041
	Basic earnings (loss) per share	$	0.01	$	(0.00	)
	Diluted earnings (loss) per share:
	Numerator:
	Net income (loss)	$	352	$	(79	)
	Denominator:
	Weighted-average common shares		37,799		19,041
	Weighted-average dilutive stock options and RSUs		3,832		—
	Contingent stock due to acquisition		79		—
	Weighted-average common shares and equivalents		41,710		19,041
	Diluted earnings (loss) per share	$	0.01	$	(0.00	)
Securities Excluded from Calculation of Diluted Net Earnings (Loss) Per Share	'
	The following securities have been excluded from the calculation of diluted net earnings (loss) per share of common stock for the periods presented because their effect would have been anti-dilutive (in thousands):
		Three Months
		Ended March 31,
		2014		2013
		(unaudited)
	Stock options outstanding		1,875		6,484
	Unvested RSUs		38		—
	Total common stock equivalents		1,913		6,484

Business_and_Basis_of_Presenta1

Business and Basis of Presentation - Additional Information (Detail)	Mar. 31, 2014
	Country
Business And Basis Of Presentation [Line Items]	'
Number of countries in which company provides services	31

ShortTerm_Investments_Addition

Short-Term Investments - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'	'
Short-term investments	$106,767	$104,678
Certificate of deposit	$3,000	$2,000

Marketable_Securities_Measured

Marketable Securities Measured at Fair Value (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized cost	$103,772	$102,678
Unrealized gains	12	8
Unrealized loss	-17	-8
Fair value	103,767	102,678
U.S. agency notes	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized cost	24,206	23,298
Unrealized gains	3	1
Unrealized loss	-2	-2
Fair value	24,207	23,297
Corporate bonds	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized cost	43,126	42,766
Unrealized gains	8	7
Unrealized loss	-15	-5
Fair value	43,119	42,768
Commercial paper	'	'
Schedule of Available-for-sale Securities [Line Items]	'	'
Amortized cost	36,440	36,614
Unrealized gains	1	'
Unrealized loss	'	-1
Fair value	$36,441	$36,613

Cash_and_Cash_Equivalents_and_

Cash and Cash Equivalents and Marketable Securities, Measured at Fair Value on Recurring Basis (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Level 1	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	$43,198	$43,815
Level 1 | Cash and Cash Equivalents | Money market funds	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	43,198	43,815
Level 2	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	105,435	104,821
Level 2 | Cash and Cash Equivalents | Corporate bonds	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	823	'
Level 2 | Cash and Cash Equivalents | Commercial paper	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	845	2,143
Level 2 | Marketable Securities | Corporate bonds	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	43,119	42,768
Level 2 | Marketable Securities | Commercial paper	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	36,441	36,613
Level 2 | Marketable Securities | U.S. agency notes	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Fair value assets measured on recurring basis	$24,207	$23,297

Summary_of_Property_Equipment_

Summary of Property, Equipment and Software (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Property, equipment and software at cost	$11,199	$10,034
Less: accumulated depreciation	-5,945	-5,179
Property, equipment and software, net	5,254	4,855
Office furniture and equipment	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, equipment and software at cost	6,097	5,580
Software	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, equipment and software at cost	4,490	4,049
Leasehold improvements	'	'
Property, Plant and Equipment [Line Items]	'	'
Property, equipment and software at cost	$612	$405

Business_Combination_Additiona

Business Combination - Additional Information (Detail) (BlueKite, LTD, USD $)	0 Months Ended
In Millions, unless otherwise specified	Jan. 10, 2014
BlueKite, LTD	'
Business Acquisition [Line Items]	'
Purchase price	$14.90
Cash payment	8.9
Cash withheld as holdback amount	1.5
Cash holdback period on acquisition	'18 months
Fair value of shares issued upon in business acquisition	2.2
Compensation expense	0.2
Business acquisition, purchase consideration	$2.30

Summary_of_Total_Purchase_Pric

Summary of Total Purchase Price Allocation and Fair Value of Net Tangible and Intangible Assets Acquired (Detail) (USD $)	Mar. 31, 2014	Jan. 10, 2014
In Thousands, unless otherwise specified		BlueKite, LTD
Business Acquisition [Line Items]	'	'
Developed technology	'	$5,700
Net tangible assets acquired	'	154
Goodwill	9,032	9,032
Total purchase price	'	$14,886

Goodwill_and_Other_Intangible_2

Goodwill and Other Intangible Assets - Additional Information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Goodwill And Other Intangible Assets [Line Items]	'	'
Goodwill acquired	$9,032	'
Amortization expense, intangible assets	204	0
Developed technology	'	'
Goodwill And Other Intangible Assets [Line Items]	'	'
Intangible asset acquired	$5,700	'
Acquired intangible assets, useful life	'7 years	'

Estimated_Future_Amortization_

Estimated Future Amortization Expense of Purchased Intangible Asset (Detail) (USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
Finite-Lived Intangible Assets [Line Items]	'
2014 (from April 1, 2014)	$610
2015	814
2016	814
2017	814
2018	814
Thereafter	1,630
Total amortization expense	$5,496

Summary_of_Accounts_Payable_an

Summary of Accounts Payable and Accrued Expenses (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Accounts Payable and Accrued Liabilities [Line Items]	'	'
Accounts payable	$704	$711
Accrued processing and disbursement costs	2,147	2,120
Accrued marketing expense	1,947	1,940
Other accrued expenses	4,422	3,574
Accounts payable and accrued expenses	$9,220	$8,345

Reserve_for_Transaction_Losses

Reserve for Transaction Losses (Detail) (Reserve for Transaction Losses, USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014
Reserve for Transaction Losses	'
Valuation and Qualifying Accounts Disclosure [Line Items]	'
Balance as of December 31, 2013	$223
Additions to expense	2,722
Losses incurred	-2,637
Balance as of March 31, 2014	$308

Line_of_Credit_Additional_Info

Line of Credit - Additional Information (Detail) (USD $)	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2013	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013	Mar. 31, 2014	Sep. 30, 2013	Jan. 31, 2014
			Amended and Restated Credit Agreement	Amended and Restated Credit Agreement	Amended and Restated Credit Agreement	Silicon Valley Bank	Standby Letter of Credit	Standby Letter of Credit	Standby Letter of Credit
								New Credit Facility	New Office Lease
Line of Credit Facility [Line Items]	'	'	'	'	'	'	'	'	'
Line of credit	$150,000,000	'	$150,000,000	'	'	'	'	'	'
Line of credit, expiration date	'	'	19-Sep-16	'	'	'	'	'	'
Line of credit, percentage of annual fee	'	'	'	0.50%	'	'	'	'	'
Commitment fee	'	'	'	'	430,000	'	'	'	'
Loan agreement, interest rate at period end	4.25%	4.25%	'	'	'	'	'	'	'
Line of credit facility, one-time arrangement fee percentage	'	'	'	'	'	0.30%	'	'	'
Line of credit facility, annual administration fee paid	'	'	'	'	'	45,000	'	'	'
Outstanding letter of credit	'	'	'	'	'	'	18,900,000	15,000,000	3,900,000
Available credit facility	$131,100,000	'	'	'	'	'	'	'	'

Income_Taxes_Additional_inform

Income Taxes - Additional information (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Income Taxes [Line Items]	'	'
Provision for income taxes	$12	$2

Stock_Based_Compensation_Expen

Stock Based Compensation Expense Included in Condensed Consolidated Statements of Operations (Detail) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Stock-based compensation expense	$1,924	$778
Marketing	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Stock-based compensation expense	233	92
Technology and development	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Stock-based compensation expense	619	226
Customer service and operations	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Stock-based compensation expense	193	77
General and administrative	'	'
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]	'	'
Stock-based compensation expense	$879	$383

Stockbased_Compensation_Additi

Stock-based Compensation - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended
In Millions, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Weighted-average grant date fair value of options granted	$12.02	$0	'
Options vested and expected to vest	6,786,921	'	5,988,706
Options vested and expected to vest, weighted average exercise price	$11.02	'	$7.67
Options vested and expected to vest, weighted average remaining contractual life	'7 years	'	'6 years 7 months 6 days
Options outstanding, aggregate intrinsic value	$69.80	'	'
Options exercisable, aggregate intrinsic value	65.3	'	'
Total intrinsic value of options exercised	7.8	3.2	'
Stock Options	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Unrecognized compensation expense	25	'	'
Unrecognized compensation expense expected to be recognized, Weighted-average period	'2 years 10 months 24 days	'	'
Restricted Stock Units	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Unrecognized compensation expense expected to be recognized, Weighted-average period	'2 years 7 months 6 days	'	'
Stock base awards, vesting period	'4 years	'	'
Unrecognized compensation expense	$0.90	'	'

Weighted_Average_Assumptions_f

Weighted Average Assumptions for Options Granted (Detail)	3 Months Ended
	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Expected term (in years)	'6 years 3 months 18 days
Risk-free interest rate	2.06%
Dividend yield	0.00%
Volatility rate	44.00%

Stock_Option_Activity_and_Rela

Stock Option Activity and Related Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2014
Options Outstanding	'
Outstanding at beginning of period	6,045,912
Granted	1,180,000
Exercised	-324,477
Forfeited and cancelled	-31,996
Outstanding at end of period	6,869,439
Weighted average exercise price	'
Outstanding at beginning of period	$7.72
Granted	$26.52
Exercised	$3.65
Forfeited and cancelled	$14.38
Outstanding at end of period	$11.11
Options Exercisable	'
Outstanding at beginning of period	3,195,701
Outstanding at end of period	3,340,416
Exercisable Weighted Average Exercise Price per Share	'
Outstanding at beginning of period	$3.64
Outstanding at end of period	$4.46

Summary_of_RSU_Activity_Detail

Summary of RSU Activity (Detail) (Restricted Stock Units, USD $)	3 Months Ended
	Mar. 31, 2014
Restricted Stock Units	'
Outstanding RSUs, Shares	'
Granted	45,000
Vested	'
Forfeited and cancelled	-7,500
Ending Balance	37,500
Outstanding RSUs, Weighted-Average Grant Date Fair Value	'
Granted	$26.52
Vested	'
Forfeited and cancelled	$26.52
Ending balance	$26.52

Earnings_Loss_Per_Share_Detail

Earnings (Loss) Per Share (Detail) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Basic earnings (loss) per share:	'	'
Net income (loss)	$352	($79)
Weighted-average common shares	37,799	19,041
Basic earnings (loss) per share	$0.01	$0
Diluted earnings (loss) per share:	'	'
Net income (loss)	$352	($79)
Weighted-average common shares	37,799	19,041
Weighted-average dilutive stock options and RSUs	3,832	'
Contingent stock due to acquisition	79	'
Weighted-average common shares and equivalents	41,710	19,041
Diluted earnings (loss) per share	$0.01	$0

Securities_Excluded_from_Calcu

Securities Excluded from Calculation of Diluted Net Earnings (Loss) Per Share (Detail)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	1,913	6,484
Stock Option	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	1,875	6,484
Restricted Stock Units	'	'
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]	'	'
Common stock equivalents	38	'