Yelp (YELP) 10-Q 9 Aug 17 2017 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	6 Months Ended
	Jun. 30, 2017	Jul. 31, 2017
Document and Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Jun. 30, 2017
Amendment Flag	false
Entity Registrant Name	YELP INC
Entity Central Index Key	1,345,016
Trading Symbol	YELP
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q2
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		81,803,464

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 319,754	$ 272,201
Short-term marketable securities	192,041	207,332
Accounts receivable (net of allowance for doubtful accounts of $5,464, and $4,992 at June 30, 2017 and December 31, 2016, respectively)	68,778	68,725
Prepaid expenses and other current assets	14,298	12,921
Total current assets	594,871	561,179
Property, equipment and software, net	91,714	92,440
Intangibles, net	45,411	32,611
Goodwill	216,440	170,667
Restricted cash	18,539	17,317
Other non-current assets	3,140	10,992
Total assets	970,115	885,206
Current liabilities
Accounts payable - trade	3,183	2,003
Accounts payable - merchant share	17,210	18,352
Accrued liabilities	40,936	36,730
Deferred revenue	3,800	3,314
Total current liabilities	65,129	60,399
Long-term liabilities	18,320	17,621
Total liabilities	83,449	78,020
Commitments and contingencies (Note 11)
Stockholders' equity
Common stock, $0.000001 par value - 200,000,000 and 200,000,000 shares authorized, 81,752,997 and 79,429,833 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively
Additional paid-in capital	965,049	892,983
Accumulated other comprehensive loss	(10,972)	(15,576)
Accumulated deficit	(67,411)	(70,221)
Total stockholders' equity	886,666	807,186
Total liabilities and stockholders' equity	$ 970,115	$ 885,206

CONDENSED CONSOLIDATED BALANCE3

CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 5,464	$ 4,992
Common stock, par value	$ 0.000001	$ 0.000001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	81,752,997	79,429,833
Common stock, shares outstanding	81,752,997	79,429,833

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016
Income Statement [Abstract]
Net revenue	$ 208,864	$ 173,428		$ 406,187		$ 332,041
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	18,056	15,087		34,970		30,165
Sales and marketing	105,232	94,402		214,518		190,030
Product development	42,088	33,098		81,959		65,320
General and administrative	25,961	23,464		52,275		45,233
Depreciation and amortization	10,662	8,564		20,813		16,753
Restructuring and integration	21			251
Total costs and expenses	202,020	174,615		404,786		347,501
Income (loss) from operations	6,844	(1,187)		1,401		(15,460)
Other income, net	864	367		1,594		625
Income (loss) before income taxes	7,708	(820)		2,995		(14,835)
(Provision for) benefit from income taxes	(118)	1,269		(185)		(168)
Net income (loss) attributable to common stockholders	$ 7,590	$ 449		$ 2,810		$ (15,003)
Net income (loss) per share attributable to common stockholders
Basic	$ 0.09	$ 0.01	[1]	$ 0.03	[1]	$ (0.20)	[1]
Diluted	$ 0.09	$ 0.01	[1]	$ 0.03	[1]	$ (0.20)	[1]
Weighted-average shares used to compute net income (loss) per share attributable to common stockholders
Basic	80,996	76,467	[1]	80,422	[1]	76,176	[1]
Diluted	84,860	79,280	[1]	85,132	[1]	76,176	[1]
[1]	The structure of the Company's common stock changed in the year ended December 31, 2016. Refer to Note 12 for details.

CONDENSED CONSOLIDATED STATEME5

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 7,590	$ 449	$ 2,810	$ (15,003)
Other comprehensive income (loss):
Foreign currency translation adjustments	3,533	(947)	4,604	795
Other comprehensive income (loss)	3,533	(947)	4,604	795
Comprehensive income (loss)	$ 11,123	$ (498)	$ 7,414	$ (14,208)

CONDENSED CONSOLIDATED STATEME6

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
OPERATING ACTIVITIES:
Net income (loss)	$ 2,810	$ (15,003)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	20,813	16,753
Provision for doubtful accounts and sales returns	8,859	7,425
Stock-based compensation	49,699	39,836
Other adjustments	267	884
Changes in operating assets and liabilities:
Accounts receivable	(7,728)	(13,237)
Prepaid expenses and other assets	(353)	3,492
Accounts payable, accrued expenses and other liabilities	1,472	5,955
Deferred revenue	484	405
Net cash provided by operating activities	76,323	46,510
INVESTING ACTIVITIES:
Purchases of marketable securities	(124,855)	(161,854)
Maturities of marketable securities	140,000	152,500
Acquisitions of businesses, net of cash received	(50,544)
Purchases of property, equipment and software	(4,079)	(12,438)
Capitalized website and software development costs	(8,030)	(6,993)
Other investing activities	(1,164)	(948)
Net cash used in investing activities	(48,672)	(29,733)
FINANCING ACTIVITIES:
Proceeds from issuance of common stock for employee stock-based plans	19,354	7,855
Net cash provided by financing activities	19,354	7,855
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS	548	50
CHANGE IN CASH AND CASH EQUIVALENTS	47,553	24,682
CASH AND CASH EQUIVALENTS-Beginning of period	272,201	171,613
CASH AND CASH EQUIVALENTS-End of period	319,754	196,295
SUPPLEMENTAL DISCLOSURES OF OTHER CASH FLOW INFORMATION:
Cash paid for income taxes, net	1	571
SUPPLEMENTAL DISCLOSURES OF NONCASH INVESTING AND FINANCING ACTIVITIES:
Purchases of property, equipment and software recorded in accounts payable and accrued liabilities	1,398	3,314
Goodwill measurement period adjustment		$ 146

DESCRIPTION OF BUSINESS AND BAS

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION	1. DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION Yelp Inc. was incorporated in Delaware on September 3, 2004. Except where specifically noted or the context otherwise requires, the use of terms such as the “Company” and “Yelp” in these Notes to Condensed Consolidated Financial Statements refers to Yelp Inc. and its subsidiaries. Yelp connects people with great local businesses by bringing “word of mouth” online and providing a platform for businesses and consumers to engage and transact. Yelp’s platform is transforming the way people discover local businesses; every day, millions of consumers visit its website or use its mobile app to find great local businesses to meet their everyday needs. Businesses of all sizes use the Yelp platform to engage with consumers at the critical moment when they are deciding where to spend their money. Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 1, 2017 (the “Annual Report”). The unaudited condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by GAAP, including certain notes to the financial statements. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments of a normally recurring nature necessary for the fair presentation of the interim periods presented. Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies from those described in the Annual Report. Recent Accounting Pronouncements Not Yet Effective In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09 “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue when they transfer promised goods or services to customers, in an amount that reflects the consideration that the entity expects to be entitled to in exchange for such goods or services. As currently issued and amended, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company will adopt this standard effective January 1, 2018. The new standard permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of the initial application of the guidance recognized at the date of adoption (the modified retrospective method). The Company currently anticipates adopting the standard using the full retrospective method and does not anticipate a significant change in revenue recognition from the previous standard. The Company currently expenses contract acquisition costs as incurred and expects that the requirement to defer incremental contract acquisition costs and recognize them over the contract period or expected customer life will result in the recognition of deferred costs on its balance sheets. The Company is still in the process of completing its analysis on the impact this guidance will have on its consolidated financial statements, related disclosures and its internal controls over financial reporting. In February 2016, FASB issued Accounting Standards Update No. 2016-02, “Leases” (“ASU 2016-02”). The new guidance generally requires an entity to recognize on its balance sheet operating and financing lease liabilities and corresponding right-of-use assets, as well as to recognize the expenses on its statements of operations in a manner similar to that required under current accounting rules. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2018 and early adoption is permitted. The new standard requires a modified retrospective transition for existing leases to each prior reporting period presented. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements. In August 2016, FASB issued Accounting Standards Update No. 2016-15, “Statement of Cash Flows (Subtopic 230)” (“ASU 2016-15”). The new guidance provides clarity around the cash flow classification for specific issues in an effort to reduce the current and potential future diversity in practice. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-15 on its consolidated financial statements and anticipates adopting this standard for the first interim period within the annual reporting period beginning after December 15, 2017. In November 2016, FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Subtopic 230)” (“ASU 2016-18”). The new guidance requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-18 on its consolidated financial statements and anticipates adopting this standard for the first interim period within the annual reporting period beginning after December 15, 2017. In January 2017, FASB issued Accounting Standards Update No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). This new guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Entities will now perform goodwill impairment tests by comparing fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is currently evaluating the impact and timing of the adoption of ASU 2017-04, but expects that it will not have a material impact on its consolidated financial statements. Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation. Use of Estimates The preparation of the Company’s unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from management’s estimates.

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS	6 Months Ended
	Jun. 30, 2017
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	2. CASH AND CASH EQUIVALENTS Cash and cash equivalents as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cash and cash equivalents Cash $ 150,613 $ 119,778 Cash equivalents 169,141 152,423 Total cash and cash equivalents $ 319,754 $ 272,201 The lease agreements for certain of the Company’s offices require the Company to maintain letters of credit issued to the landlords of each facility. Each letter of credit is subject to renewal annually until the applicable lease expires and is collateralized by restricted cash. As of June 30, 2017 and December 31, 2016, the Company had letters of credit totaling $18.5 million and $17.3 million, respectively, which primarily related to such leases, and which are included in restricted cash.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	3. FAIR VALUE OF FINANCIAL INSTRUMENTS The Company’s investments in money market accounts are recorded as cash equivalents at fair value in the condensed consolidated financial statements. All other financial instruments are classified as held-to-maturity investments and, accordingly, are recorded at amortized cost; however, the Company is required to determine the fair value of these investments on a recurring basis to identify any potential impairment. The accounting guidance for fair value measurements prioritizes the inputs used in measuring fair value in the following hierarchy: Level 1 —Observable inputs, such as quoted prices in active markets, Level 2 —Inputs other than quoted prices in active markets that are observable either directly or indirectly, or Level 3 —Unobservable inputs in which there are little or no market data, which require the Company to develop its own assumptions. This hierarchy requires the Company to use observable market data, when available, to minimize the use of unobservable inputs when determining fair value. The Company’s money market funds are classified within Level 1 of the fair value hierarchy because they are valued using quoted prices in active markets. The Company’s commercial paper, corporate bonds, agency bonds and agency discount notes are classified within Level 2 of the fair value hierarchy because they have been valued using inputs other than quoted prices in active markets that are observable directly or indirectly. The following table represents the Company’s financial instruments measured at fair value as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash Equivalents: Money market funds $ 146,195 $ - $ - $ 146,195 $ 152,423 $ - $ - $ 152,423 Commercial paper - 17,955 - 17,955 - - - - Agency discount notes - 4,991 - 4,991 - - - - Marketable Securities: Agency bonds - 149,980 - 149,980 - 152,394 - 152,394 Commercial paper - 31,909 - 31,909 - 45,894 - 45,894 Corporate bonds - 9,990 - 9,990 - 9,006 - 9,006 Total cash equivalents and marketable securities $ 146,195 $ 214,825 $ - $ 361,020 $ 152,423 $ 207,294 $ - $ 359,717

MARKETABLE SECURITIES

MARKETABLE SECURITIES	6 Months Ended
	Jun. 30, 2017
Marketable Securities [Abstract]
MARKETABLE SECURITIES	4. MARKETABLE SECURITIES The amortized cost, gross unrealized gains and losses, and fair value of securities held-to-maturity, all of which mature within one year, as of June 30, 2017 and December 31, 2016 were as follows (in thousands): As of June 30, 2017 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Short-term marketable securities: Agency bonds $ 150,135 $ - $ (155 ) $ 149,980 Commercial paper 31,909 - - 31,909 Corporate bonds 9,997 - (7 ) $ 9,990 Total marketable securities $ 192,041 $ - $ (162 ) $ 191,879 As of December 31, 2016 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Short-term marketable securities: Agency bonds $ 152,429 $ 18 $ (53 ) $ 152,394 Commercial paper 45,894 - - 45,894 Corporate bonds 9,009 - (3 ) 9,006 Total marketable securities $ 207,332 $ 18 $ (56 ) $ 207,294 The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of June 30, 2017 and December 31, 2016, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands): As of June 30, 2017 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency bonds $ 149,980 $ (155 ) $ - $ - $ 149,980 $ (155 ) Corporate bonds 9,990 (7 ) - - 9,990 (7 ) Total $ 159,970 $ (162 ) $ - $ - $ 159,970 $ (162 ) As of December 31, 2016 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency bonds $ 92,018 $ (53 ) $ - $ - $ 92,018 $ (53 ) Corporate bonds 8,006 (3 ) - - 8,006 (3 ) Total $ 100,024 $ (56 ) $ - $ - $ 100,024 $ (56 ) The Company periodically reviews its investment portfolio for other-than-temporary impairment. The Company considers such factors as the duration, severity and reason for the decline in value, and the potential recovery period. The Company also considers whether it is more likely than not that it will be required to sell the securities before the recovery of their amortized cost basis, and whether the amortized cost basis cannot be recovered as a result of credit losses. During the three and six months ended June 30, 2017 and 2016, the Company did not recognize any other-than-temporary impairment loss.

PROPERTY, EQUIPMENT AND SOFTWAR

PROPERTY, EQUIPMENT AND SOFTWARE, NET	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
PROPERTY, EQUIPMENT AND SOFTWARE, NET	5. PROPERTY, EQUIPMENT AND SOFTWARE, NET Property, equipment and software, net as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Capitalized website and internal-use software development costs $ 72,532 $ 61,515 Leasehold improvements 61,385 60,101 Computer equipment 30,620 28,551 Furniture and fixtures 14,765 14,162 Telecommunication 3,655 3,457 Software 1,190 1,079 Total 184,147 168,865 Less accumulated depreciation (92,433 ) (76,425 ) Property, equipment and software, net $ 91,714 $ 92,440 Depreciation expense was approximately $8.3 million and $6.8 million for the three months ended June 30, 2017 and 2016, respectively, and approximately $16.5 million and $13.3 million for the six months ended June 30, 2017 and 2016, respectively.

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
INTANGIBLE ASSETS AND GOODWILL	6. INTANGIBLE ASSETS AND GOODWILL The Company’s goodwill is the result of its acquisitions of other businesses, and represents the excess of purchase consideration over the fair value of assets and liabilities acquired. The Company performed its annual goodwill impairment analysis during the three months ended September 30, 2016 and concluded that goodwill was not impaired, as the fair value of each reporting unit exceeded its carrying value. The changes in carrying amount of goodwill during the six months ended June 30, 2017 were as follows (in thousands): Balance as of December 31, 2016 $ 170,667 Additions upon business combinations 42,007 Effect of currency translation 3,766 Balance as of June 30, 2017 $ 216,440 Intangible assets at June 30, 2017 and December 31, 2016 consisted of the following (dollars in thousands): Weighted Gross Net Average Carrying Accumulated Carrying Remaining Amount Amortization Amount Life June 30, 2017: Business relationships $ 27,287 $ (3,876 ) $ 23,411 10.2 years Developed technology 15,083 (4,909 ) 10,174 3.9 years User relationships 12,142 (4,111 ) 8,031 4.6 years Content 3,863 (3,186 ) 677 1.8 years Trademarks 3,788 (1,884 ) 1,904 2.1 years Domains and data licenses 2,804 (1,590 ) 1,214 2.5 years Total $ 64,967 $ (19,556 ) $ 45,411 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Amount Amortization Amount Life December 31, 2016: Business relationships $ 17,400 $ (2,741 ) $ 14,659 10.1 years Developed technology 9,280 (4,122 ) 5,158 3.1 years User relationships 12,000 (3,240 ) 8,760 5.1 years Content 3,674 (2,581 ) 1,093 2.0 years Trademarks 3,338 (1,861 ) 1,477 2.1 years Domains and data licenses 2,804 (1,340 ) 1,464 3.0 years Advertiser relationships 1,549 (1,549 ) - 0.0 years Total $ 50,045 $ (17,434 ) $ 32,611 Amortization expense was $2.3 million and $1.7 million for the three months ended June 30, 2017 and 2016, respectively, and $4.3 million and $3.4 million for the six months ended June 30, 2017 and 2016, respectively. As of June 30, 2017, the estimated future amortization of purchased intangible assets for (i) the remaining six months of 2017, (ii) each of the succeeding four years, and (iii) thereafter is as follows (in thousands): Year Ending December 31, Amount 2017 (from July 1, 2017) $ 4,590 2018 8,826 2019 7,947 2020 5,682 2021 5,376 Thereafter 12,990 Total amortization $ 45,411

ACQUISITIONS

ACQUISITIONS	6 Months Ended
	Jun. 30, 2017
Business Combinations [Abstract]
ACQUISITIONS	7. ACQUISITIONS Nowait, Inc. On February 28, 2017, the Company acquired Nowait, Inc. (“Nowait”). In connection with the acquisition, all outstanding capital stock and warrants to purchase capital stock of Nowait — including the 20% equity investment in Nowait the Company acquired in July 2016 (see Note 8) — were converted into the right to receive an aggregate of approximately $40 million in cash. Of the total amount of consideration paid in connection with the acquisition, $8 million is being held in escrow for a two-year period after the closing to secure the Company’s indemnification rights. The key purpose underlying the acquisition was to secure waitlist system and seating tool technology. The Company utilized an income approach to determine the valuation of the Company’s existing equity investment in Nowait as of the acquisition date. The carrying value of the Company’s investment approximated its fair value. The acquisition was accounted for as a business combination in accordance with Accounting Standards Codification Topic 805, “Business Combinations” (“ASC 805”), with the results of Nowait’s operations included in the Company’s consolidated financial statements from February 28, 2017. The Company’s allocation of the purchase price is preliminary as the amounts related to identifiable intangible assets and the effects of any net working capital adjustments are still being finalized. Any material measurement period adjustments will be recorded retroactively to the acquisition date. The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands): February 28, 2017 Fair value of purchase consideration Cash: Distributed to Nowait stockholders $ 31,892 Held in escrow account 7,945 Total purchase consideration 39,837 Fair value of net assets acquired: Cash and cash equivalents $ 1,004 Intangible assets 12,670 Goodwill 25,959 Other assets 1,065 Total assets acquired 40,698 Liabilities assumed (861 ) Total liabilities assumed (861 ) Net assets acquired $ 39,837 Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows: Intangible Asset Type Amount Assigned Useful Life Enterprise restaurant relationships $ 8,500 12.0 years Acquired technology 2,900 5.0 years Trademarks 610 3.0 years Local restaurant relationships 600 5.0 years User relationships 60 3.0 years Weighted average 9.6 years The intangible assets are being amortized on a straight-line basis, which reflects the pattern in which the economic benefits of the intangible assets are being utilized. The goodwill results from the Company’s opportunity to drive daily engagement in its key restaurant vertical by allowing consumers to move more quickly from search and discovery to transacting at a local business. None of the goodwill is deductible for tax purposes. For the three months ended June 30, 2017, the Company recorded no acquisition-related transaction costs and for the six months ended June 30, 2017, the Company recorded acquisition-related transaction costs of approximately $0.1 million, which were included in general and administrative expenses in the accompanying condensed consolidated statement of operations. The condensed consolidated statements of operations for the three and six months ended June 30, 2017 include $1.1 million and $1.3 million of revenue attributable to Nowait, respectively, and $2.4 million and $3.2 million of net loss attributable to Nowait, respectively. Turnstyle Analytics Inc. On April 3, 2017, the Company acquired all of the equity interests in Turnstyle Analytics Inc. (“Turnstyle”) for approximately $21 million, of which approximately $1 million represents compensation cost due to a continuous service requirement and the remainder represents purchase consideration. Of the total consideration paid in connection with the acquisition, $3 million is being held in escrow for an 18-month period after the closing to secure the Company’s indemnification rights. The key factor underlying the acquisition was to obtain a customer retention and loyalty product in the form of a location-based marketing and analytics platform that provides Wi-Fi as a digital marketing tool to expand its product offerings for local businesses. The acquisition was accounted for as a business combination in accordance with ASC 805, with the results of Turnstyle’s operations included in the Company’s consolidated financial statements from April 3, 2017. The Company’s allocation of the purchase price is preliminary as the amounts related to identifiable intangible assets and the effects of any net working capital adjustments are still being finalized. Any material measurement period adjustments will be recorded retroactively to the acquisition date. The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands): April 3, 2017 Fair value of purchase consideration Cash: Distributed to Turnstyle stockholders $ 16,648 Held in escrow account 3,093 Total purchase consideration $ 19,741 Fair value of net assets acquired: Cash and cash equivalents $ 30 Intangible assets 4,252 Goodwill 16,048 Other assets 250 Total assets acquired 20,580 Deferred tax liability (450 ) Liabilities assumed (389 ) Total liabilities assumed (839 ) Net assets acquired $ 19,741 Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows: Intangible Asset Type Amount Assigned Useful Life Acquired technology $ 3,250 5.0 years Business relationships 672 5.0 years Trademarks 250 3.0 years User relationships 80 3.0 years Weighted average 4.9 years The intangible assets are being amortized on a straight-line basis, which reflects the pattern in which the economic benefits of the intangible assets are being utilized. The goodwill results from the Company’s opportunity to expand its product offerings to local businesses through the Turnstyle marketing and analytics platform. None of the goodwill is deductible for tax purposes. For the three months ended June 30, 2017, the Company recorded acquisition-related transaction costs of approximately $0.3 million, which were included in general and administrative expenses in the accompanying condensed consolidated statement of operations. Following the acquisition date, $0.4 million of revenue and $0.6 million of net loss attributable to Turnstyle was included in the condensed consolidated statement of operations for the three months ended June 30, 2017. Pro Forma Financial Information The unaudited pro forma financial information in the tables below summarizes the combined results of operations for (a) the Company and Nowait, (b) the Company and Turnstyle and (c) the Company with Nowait and Turnstyle, as though the respective combinations had occurred as of January 1, 2016, and includes the accounting effects resulting from the acquisitions, including amortization charges from acquired intangible assets and changes in depreciation due to differing asset values and depreciation lives. The unaudited pro forma financial information, as presented below, is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the combinations had taken place as of January 1, 2016 (in thousands, except per share data): 2017 Acquisitions Nowait, Inc Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 174,533 $ 406,961 $ 334,108 Net income (loss) 7,590 (2,339 ) 1,768 (19,413 ) Basic net income (loss) per share attributable to common stockholders 0.09 (0.03 ) 0.02 (0.25 ) Diluted net income (loss) per share attributable to common stockholders 0.09 (0.03 ) 0.02 (0.25 ) Turnstyle Analytics Inc Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 173,618 $ 406,514 $ 332,492 Net income (loss) 7,590 (186 ) 2,664 (15,937 ) Basic net income (loss) per share attributable to common stockholders 0.09 - 0.03 (0.21 ) Diluted net income (loss) per share attributable to common stockholders 0.09 - 0.03 (0.21 ) Combined Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 174,722 $ 407,288 $ 334,558 Net income (loss) 7,590 (2,974 ) 1,622 (20,347 ) Basic net income (loss) per share attributable to common stockholders 0.09 (0.04 ) 0.02 (0.27 ) Diluted net income (loss) per share attributable to common stockholders 0.09 (0.04 ) 0.02 (0.27 )

OTHER NON-CURRENT ASSETS

OTHER NON-CURRENT ASSETS	6 Months Ended
	Jun. 30, 2017
Other Assets, Noncurrent Disclosure [Abstract]
OTHER NON-CURRENT ASSETS	8. OTHER NON-CURRENT ASSETS Other non-current assets as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cost-method investments $ - $ 8,000 Other 3,140 2,992 Total other non-current assets $ 3,140 $ 10,992 Cost-method investments represent the Company’s investment in the preferred stock of Nowait, which was completed on July 15, 2016. The Company acquired the entirety of Nowait on February 28, 2017 and its original investment of $8.0 million was returned to it in the three months ended March 31, 2017 in connection with the acquisition. The remaining other non-current assets are primarily deferred tax assets.

ACCRUED LIABILITIES

ACCRUED LIABILITIES	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
ACCRUED LIABILITIES	9. ACCRUED LIABILITIES Accrued liabilities as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Accrued compensation and related $ 17,675 $ 12,892 Accrued marketing 5,557 4,633 Accrued tax liabilities 4,983 5,456 Other accrued expenses 12,721 13,749 Total $ 40,936 $ 36,730

LONG-TERM LIABILITIES

LONG-TERM LIABILITIES	6 Months Ended
	Jun. 30, 2017
Accounts Payable and Accrued Liabilities, Noncurrent [Abstract]
LONG-TERM LIABILITIES	10. LONG-TERM LIABILITIES Long-term liabilities as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Deferred rent $ 16,812 $ 16,896 Other long-term liabilities 1,508 725 Total long-term liabilities $ 18,320 $ 17,621 Other long-term liabilities primarily comprise deferred tax liabilities.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Jun. 30, 2017
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	11. COMMITMENTS AND CONTINGENCIES Office Facility Leases —The Company leases its office facilities under operating lease agreements that expire from 2017 to 2025. Certain lease agreements provide for rental payments on a graduated basis. The Company recognizes rent expense on a straight-line basis over the lease period. Rental expense was $9.9 million and $9.1 million for the three months ended June 30, 2017 and 2016, respectively, and $19.7 million and $17.6 million for the six months ended June 30, 2017 and 2016, respectively. The Company has subleased certain office facilities under operating lease agreements that expire in 2021. The Company recognizes sublease rentals as a reduction in rental expense on a straight-line basis over the lease period. Sublease rental income was $0.5 million and $0.5 million for the three months ended June 30, 2017 and 2016, respectively, and $1.0 million and $1.0 million for the six months ended June 30, 2017 and 2016, respectively. Legal Proceedings —The Company is subject to legal proceedings arising in the ordinary course of business. Although the results of litigation and claims cannot be predicted with certainty, the Company currently does not believe that the final outcome of any of these matters will have a material adverse effect on the Company’s business, financial position, results of operations or cash flows. In August 2014, two putative class action lawsuits alleging violations of federal securities laws were filed in the U.S. District Court for the Northern District of California, naming as defendants the Company and certain of its officers. The lawsuits allege violations of the Exchange Act by the Company and certain of its officers for allegedly making materially false and misleading statements regarding the Company’s business and operations between October 29, 2013 and April 3, 2014. These cases were subsequently consolidated and, in January 2015, the plaintiffs filed a consolidated complaint seeking unspecified monetary damages and other relief. Following the court’s dismissal of the consolidated complaint on April 21, 2015, the plaintiffs filed a first amended complaint on May 21, 2015. On November 24, 2015, the court dismissed the first amended complaint with prejudice, and entered judgment in the Company’s favor on December 28, 2015. The plaintiffs have appealed this decision to the U.S. Court of Appeals for the Ninth Circuit, and a hearing has been scheduled for September 11, 2017. On April 23, 2015, a putative class action lawsuit was filed by former Eat24 Hours.com, Inc. (“Eat24”) employees in the Superior Court of California for San Francisco County, naming as defendants the Company and Eat24. The lawsuit asserts that the defendants failed to permit meal and rest periods for certain current and former employees working as Eat24 customer support specialists, and alleges violations of the California Labor Code, applicable Industrial Welfare Commission Wage Orders and the California Business and Professions Code. The plaintiffs seek monetary damages in an unspecified amount and injunctive relief. On May 29, 2015, plaintiffs filed a first amended complaint asserting an additional cause of action for penalties under the Private Attorneys General Act. In January 2016, the Company reached a preliminary agreement to settle this matter, which the court preliminarily approved on June 27, 2016. The settlement received final court approval on December 5, 2016 and the $0.6 million settlement amount was paid on February 8, 2017. On June 24, 2015, a former Eat24 sales employee filed a lawsuit, on behalf of herself and a putative class of current and former Eat24 sales employees, against Eat24 in the Superior Court of California for San Francisco County. The lawsuit alleges that Eat24 failed to pay required wages, including overtime wages, allow meal and rest periods and maintain proper records, and asserts causes of action under the California Labor Code, applicable Industrial Welfare Commission Wage Orders and the California Business and Professions Code. The plaintiff seeks monetary damages and penalties in unspecified amounts, as well as injunctive relief. On August 3, 2015, the plaintiff filed a first amended complaint asserting an additional cause of action for penalties under the Private Attorneys General Act. In January 2016, the Company reached a preliminary agreement to settle this matter, which the court preliminarily approved on August 29, 2016. The settlement received final court approval on February 1, 2017 and the $0.2 million settlement amount was paid on March 29, 2017. Indemnification Agreements —In the ordinary course of business, the Company may provide indemnifications of varying scope and terms to customers, vendors, lessors, business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of breach of such agreements, services to be provided by the Company or from intellectual property infringement claims made by third parties. In addition, the Company has entered into indemnification agreements with directors and certain officers and employees that will require the Company to, among other things, indemnify them against certain liabilities that may arise by reason of their status or service as directors, officers or employees. While the outcome of claims cannot be predicted with certainty, the Company does not believe that the outcome of any claims under the indemnification arrangements will have a material effect on the Company’s financial position, results of operations or cash flows. Payroll Tax Audit —In June 2015, the U.S. Internal Revenue Service (“IRS”) began a payroll tax audit of the Company for 2013 and 2014. The Company has assessed the estimated range of such loss and, as of June 30, 2017, a liability of $0.5 million has been recorded. The Company expects the audits and any related assessments to be finalized in 2017.

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
STOCKHOLDERS' EQUITY	12. STOCKHOLDERS’ EQUITY Elimination of Dual-Class Common Stock Structure On September 22, 2016, all outstanding shares of the Company’s Class A common stock and Class B common stock automatically converted into a single class of common stock (the “Conversion”) pursuant to the terms of the Company’s Amended and Restated Certificate of Incorporation. On September 23, 2016, the Company filed a certificate with the Secretary of State of the State of Delaware effecting the retirement and cancellation of the Class A common stock and Class B common stock. This certificate of retirement had the additional effect of eliminating the authorized Class A and Class B shares, thereby reducing the Company’s total number of authorized shares of common stock from 500,000,000 to 200,000,000. The following table presents the number of shares authorized and issued and outstanding as of the dates indicated: June 30, 2017 December 31, 2016 Shares Shares Shares Issued and Shares Issued and Authorized Outstanding Authorized Outstanding Stockholders’ equity: Common stock, $0.000001 par value 200,000,000 81,752,997 200,000,000 79,429,833 Undesignated Preferred Stock 10,000,000 - 10,000,000 - Equity Incentive Plans The Company has outstanding awards under three equity incentive plans: the Amended and Restated 2005 Equity Incentive Plan (the “2005 Plan”), the 2011 Equity Incentive Plan (the “2011 Plan”) and the 2012 Equity Incentive Plan, as amended (the “2012 Plan”). In July 2011, the Company adopted the 2011 Plan, terminated the 2005 Plan and provided that no further stock awards were to be granted under the 2005 Plan. All outstanding stock awards under the 2005 Plan continue to be governed by their existing terms. Upon the effectiveness of the underwriting agreement in connection with the Company’s initial public offering (“IPO”), the Company terminated the 2011 Plan and all shares that were reserved under the 2011 Plan but not issued were assumed by the 2012 Plan. No further awards will be granted pursuant to the 2011 Plan. All outstanding stock awards under the 2011 Plan continue to be governed by their existing terms. Under the 2012 Plan, the Company has the ability to issue incentive stock options, non-statutory stock options, stock appreciation rights, restricted stock units (“RSUs”), restricted stock awards (“RSAs”), performance units and performance shares. Additionally, the 2012 Plan provides for the grant of performance cash awards to employees, directors and consultants. Stock Options Stock options granted under the 2012 Plan are granted at a price per share not less than the fair value of a share of the Company’s common stock at date of grant. Options granted to date generally vest over a four-year period, on one of four schedules: (a) 25% vesting at the end of one year and the remaining shares vesting monthly thereafter; (b) 10% vesting over the first year, 20% vesting over the second year, 30% vesting over the third year and 40% vesting over the fourth year; (c) ratably on a monthly basis; or (d) 35% vesting over the first year, 40% vesting over the second year and 25% vesting over the third year. Options granted are generally exercisable for up to 10 years. The Company issues new shares when stock options are exercised. A summary of stock option activity for the six months ended June 30, 2017 is as follows: Options Outstanding Weighted- Average Remaining Weighted- Contractual Aggregate Number of Average Term Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding - December 31, 2016 8,018,941 $ 21.71 6.10 $ 147,673 Granted 850,850 34.97 Exercised (719,643 ) 19.36 Canceled (115,914 ) 48.60 Outstanding - June 30, 2017 8,034,234 $ 22.94 6.02 $ 83,542 Options vested and exercisable as of June 30, 2017 6,215,474 $ 20.07 5.16 $ 77,961 Aggregate intrinsic value represents the difference between the closing price of the Company’s common stock on a given date and the exercise price of outstanding, in-the-money options. The total intrinsic value of options exercised was approximately $5.5 million and $3.2 million for the three months ended June 30, 2017 and 2016, respectively, and $10.4 million and $4.8 million for the six months ended June 30, 2017 and 2016, respectively. The weighted-average grant date fair value of options granted was $14.61 and $9.18 per share for the three months ended June 30, 2017 and 2016, respectively, and $15.52 and $9.42 per share for the six months ended June 30, 2017 and 2016, respectively. As of June 30, 2017, total unrecognized compensation costs related to unvested stock options was approximately $24.6 million, which is expected to be recognized over a weighted-average time period of 2.6 years. RSUs The cost of RSUs is determined using the fair value of the Company’s common stock on the date of grant. RSUs generally vest over a four-year period, on one of three schedules: (a) 25% vesting at the end of one year and the remaining vesting quarterly or annually thereafter; (b) 10% vesting over the first year, 20% vesting over the second year, 30% vesting over the third year and 40% vesting over the fourth year; or (c) ratably on a quarterly basis. A summary of RSU activity for the six months ended June 30, 2017 is as follows: Restricted Stock Units Weighted- Average Grant Number of Date Fair Shares Value Unvested - December 31, 2016 7,090,465 $ 32.43 Granted 2,540,323 35.93 Released (1,375,885 ) 33.12 Canceled (729,628 ) 33.27 Unvested - June 30, 2017 7,525,275 $ 33.40 As of June 30, 2017, the Company had approximately $232.5 million of unrecognized stock-based compensation expense related to RSUs, which is expected to be recognized over the remaining weighted-average vesting period of approximately 2.82 years. Employee Stock Purchase Plan The ESPP allows eligible employees to purchase shares of the Company’s common stock at a discount through payroll deductions of up to 15% of their eligible compensation, subject to any plan limitations, during designated offering periods. At the end of each offering period, employees are able to purchase shares at 85% of the fair market value of the Company’s common stock on the last day of the offering period. There were 228,299 shares purchased by employees under the ESPP at a weighted-average purchase price of $23.73 per share during the three and six months ended June 30, 2017. There were 200,953 shares purchased by employees under the ESPP at a weighted-average purchase price of $22.26 per share during the three and six months ended June 30, 2016. The Company recognized $0.5 million and $0.5 million of stock-based compensation expense related to the ESPP in the three months ended June 30, 2017 and 2016, respectively, and $1.0 million and $0.7 million in the six months ended June 30, 2017 and 2016, respectively. Stock-Based Compensation The following table summarizes the effects of stock-based compensation expense related to stock-based awards in the condensed consolidated statements of operations during the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Cost of revenue $ 957 $ 407 $ 1,938 $ 808 Sales and marketing 7,261 6,843 14,129 13,185 Product development 11,245 8,413 22,453 16,443 General and administrative 5,902 5,063 11,179 9,400 Total stock-based compensation $ 25,365 $ 20,726 $ 49,699 $ 39,836 The Company capitalized $1.7 million and $1.2 million of stock-based compensation expense as website development costs in the three months ended June 30, 2017 and 2016, respectively, and $3.0 million and $2.0 million in the six months ended June 30, 2017 and 2016, respectively.

OTHER INCOME, NET

OTHER INCOME, NET	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
OTHER INCOME, NET	13. OTHER INCOME, NET Other income, net for the three and six months ended June 30, 2017 and 2016 consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Interest income, net $ 794 $ 414 $ 1,440 $ 725 Transaction gain (loss) on foreign exchange 39 (39 ) 54 27 Other non-operating income (loss), net 31 (8 ) 100 (127 ) Other income, net $ 864 $ 367 $ 1,594 $ 625

INCOME TAXES

INCOME TAXES	6 Months Ended
	Jun. 30, 2017
Income Tax Disclosure [Abstract]
INCOME TAXES	14. INCOME TAXES The Company is subject to income tax in the United States as well as other tax jurisdictions in which it conducts business. Earnings from non-U.S. activities are subject to local country income tax. The Company recorded an income tax provision of $0.1 million and an income tax benefit of $1.3 million for the three months ended June 30, 2017 and 2016, respectively, and an income tax provision of $0.2 million for each of the six months ended June 30, 2017 and 2016. The tax provision for the six months ended June 30, 2017 is due to $0.1 million in U.S. state and foreign income tax expense and $0.1 million of discrete income tax expense. The tax provision for the six months ended June 30, 2016 is due to $0.1 million in U.S. federal and state and foreign income tax provision and $0.1 million of discrete expense. Accounting for income taxes for interim periods generally requires the provision for income taxes to be determined by applying an estimate of the annual effective tax rate for the full fiscal year to “ordinary” income or loss (pretax income or loss excluding unusual or infrequently occurring discrete items) for the reporting period. For the three and six months ended June 30, 2017, a discrete effective tax rate method was used in jurisdictions where a small change in estimated ordinary income has a significant impact on the annual effective tax rate. The primary difference between the effective tax rate and the federal statutory tax rate relates to the valuation allowances on certain of the Company’s net operating losses, foreign tax rate differences, meals and entertainment, tax credits, and stock-based compensation expense. Jurisdictions where no benefit is recorded on forecasted losses were excluded from the consolidated effective tax rate. As of June 30, 2017, the total amount of gross unrecognized tax benefits was $12.3 million, $11.5 million of which is subject to a full valuation allowance and would not affect the Company’s effective tax rate if recognized. As of June 30, 2017, the Company had an immaterial amount related to the accrual of interest and penalties. During the three and six months ended June 30, 2017, the Company’s gross unrecognized tax benefits increased by $0.8 million and $2.0 million, respectively, an immaterial amount of which would affect the Company’s effective tax rate if recognized. In addition, the Company is subject to the continuous examination of its income tax returns by the IRS and other tax authorities. The Company’s federal and state income tax returns for fiscal years subsequent to 2003 remain open to examination. In the Company’s most significant foreign jurisdictions — Canada, Ireland, the United Kingdom and Germany — the tax years subsequent to 2010 remain open to examination. The Company regularly assesses the likelihood of adverse outcomes resulting from examinations to determine the adequacy of its provision for income taxes, and monitors the progress of ongoing discussions with tax authorities and the impact, if any, of the expected expiration of the statute of limitations in various taxing jurisdictions. The Company believes that an adequate provision has been made for any adjustments that may result from tax examinations. However, the outcome of tax audits cannot be predicted with certainty. If any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs. Although the timing of the resolution or closure of audits is not certain, the Company believes it is reasonably possible that its unrecognized tax benefits could be reduced by an immaterial amount over the 12 months following December 31, 2016. It is the intention of the Company to permanently reinvest the earnings from 10036773 Canada Inc., Turnstyle Analytics, Inc., Darwin Social Marketing Inc., Yelp UK Ltd. and Yelp Ireland Holding Company Limited and its subsidiaries. The Company does not provide for U.S. income taxes of foreign subsidiaries as such earnings are to be reinvested indefinitely. As of June 30, 2017, the Company estimates $2.5 million of cumulative foreign earnings upon which U.S. income taxes have not been provided.

NET INCOME (LOSS) PER SHARE

NET INCOME (LOSS) PER SHARE	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
NET INCOME (LOSS) PER SHARE	15. NET INCOME (LOSS) PER SHARE Basic and diluted net loss per share attributable to common stockholders for periods prior to the Conversion are presented in conformity with the “two-class method” required for participating securities. Prior to the Conversion, shares of Class A and Class B common stock were the only outstanding equity in the Company. The rights of the holders of Class A and Class B common stock were identical, except with respect to voting and conversion. Each share of Class A common stock was entitled to one vote per share and each share of Class B common stock was entitled to ten votes per share. Shares of Class B common stock were convertible into Class A common stock at any time at the option of the stockholder, and were automatically converted upon sale or transfer to Class A common stock, subject to certain limited exceptions, and in connection with certain other conversion events. Under the two-class method, basic net loss per share is computed using the weighted-average number of shares of common stock outstanding during the period. Diluted net loss per share is computed using the weighted-average number of shares of common stock and, if dilutive, potential shares of common stock outstanding during the period. The Company’s potential shares of common stock consist of the incremental shares of common stock issuable upon the exercise of stock options, shares issuable upon the vesting of RSUs and, to a lesser extent, unvested shares subject to RSAs and purchases related to the ESPP. The dilutive effect of these potential shares of common stock is reflected in diluted earnings per share by application of the treasury stock method. The computation of the diluted net loss per share of Class A common stock assumes the conversion of Class B common stock, while the diluted net loss per share of Class B common stock does not assume the conversion of Class B common stock. The undistributed earnings are allocated based on the contractual participation rights of the Class A and Class B common stock as if the earnings for the year have been distributed. As the liquidation and dividend rights are identical, the undistributed earnings are allocated on a proportionate basis. Further, as the conversion of Class B common stock is assumed in the computation of the diluted net loss per share of Class A common stock, the undistributed earnings are equal to net loss for that computation. On September 22, 2016, the Company’s Class A and Class B common stock converted into a single class of common stock. Because shares of Class A and Class B common stock were outstanding during the three and six months ended June 30, 2016, the Company has disclosed earnings per common share for both classes of common stock for those reporting periods. Basic and diluted net loss per share attributable to common stockholders for periods after the Conversion, including the current reporting period, are presented based on the number of shares of common stock outstanding. The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended June 30, 2017 2016 Common stock Class A Class B Net income attributable to common stockholders $ 7,590 $ 399 $ 50 Basic Shares: 80,996 68,018 8,449 Net income per share attributable to common stockholders Basic: $ 0.09 $ 0.01 $ 0.01 Three Months Ended June 30, 2017 2016 Common stock Class A Class B Diluted net income per share attributable to common stockholders: Numerator: Allocation of undistributed earnings for basic computation $ 7,590 $ 399 $ 50 Reallocation of undistributed earnings as a result of conversion of Class B to - 50 - Reallocation of undistributed earnings to Class B shares - - 7 Allocation of undistributed earnings $ 7,590 $ 449 $ 57 Denominator: Number of shares used in basic calculation 80,996 68,018 8,449 Weighted-average effect of dilutive securities Conversion of Class B to - 8,449 - Stock options 2,807 2,106 1,591 Restricted stock units 1,057 398 - Contingently issuable shares - 309 - Number of shares used in diluted calculation 84,860 79,280 10,040 Diluted net income per share attributable to common stockholders $ 0.09 $ 0.01 $ 0.01 Six Months Ended June 30, 2017 2016 Common stock Class A Class B Net income (loss) attributable to common stockholders $ 2,810 $ (13,303 ) $ (1,700 ) Basic Shares: 80,422 67,542 8,634 Net income (loss) per share attributable to common stockholders Basic: $ 0.03 $ (0.20 ) $ (0.20 ) Six Months Ended June 30, 2017 2016 Common stock Class A Class B Diluted net income (loss) per share attributable to common stockholders: Numerator: Allocation of undistributed earnings (losses) $ 2,810 $ (13,303 ) $ (1,700 ) Denominator: Number of shares used in basic calculation 80,422 68,018 8,449 Weighted-average effect of dilutive securities Stock options 3,132 - - Restricted stock units 1,578 - - Number of shares used in diluted calculation 85,132 68,018 8,449 Diluted net income (loss) per share attributable to common stockholders $ 0.03 $ (0.20 ) $ (0.20 ) The following weighted-average stock-based instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Stock options 2,197 3,385 1,974 8,953 Restricted stock units and awards 3,657 3,582 2,418 6,445 Contingently issuable shares - - - 309

INFORMATION ABOUT REVENUE AND G

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS	16. INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS The Company considers operating segments to be components of the Company in which separate financial information is available that is evaluated regularly by the Company’s chief operating decision maker in deciding how to allocate resources and in assessing performance. The chief operating decision maker for the Company is the chief executive officer. The chief executive officer reviews financial information presented on a consolidated basis, accompanied by information about revenue by product line and geographic region for purposes of allocating resources and evaluating financial performance. The Company has one business activity and there are no segment managers who are held accountable for operations, operating results or plans for levels or components below the consolidated unit level. Accordingly, the Company has determined that it has a single operating and reporting segment. Revenue by geography is based on the billing address of the customer. Net Revenue In reports filed prior to its Annual Report on Form 10-K for the year ended December 31, 2016, the Company classified revenue from its “local” products — consisting of business listing and advertising products sold directly to businesses and Yelp Reservations — as local revenue, and classified revenue generated through partner arrangements, including resale of advertising products by certain partners, and monetization of remnant advertising inventory through third-party ad networks as other services revenue. The Company now classifies revenue from all of its business listing and advertising products, including advertising and listings sold by partners, as advertising revenue. As a result, revenue generated through ad resales and monetization of remnant advertising inventory through third-party ad networks is now classified as advertising revenue rather than other services revenue, and revenue from Yelp Reservations, a subscription service, is recognized as other services revenue. All disclosures relating to revenue by product have been updated to this revised classification for all periods presented. The following table presents the Company’s net revenue by product line for the periods presented (in thousands) reflecting the changes to its revenue categories described above: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net revenue by product: Advertising $ 186,602 $ 156,697 $ 363,651 $ 299,745 Transactions 18,435 15,518 36,500 30,016 Other services 3,827 1,213 6,036 2,280 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041 For purposes of comparison, the following table presents the Company’s net revenue by product line for the periods presented (in thousands) based on the revenue categories in effect prior to the three months ended December 31, 2016: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net revenue by product: Local $ 181,650 $ 151,879 $ 353,694 $ 289,996 Transactions 18,435 15,518 36,500 30,016 Other services 8,779 6,031 15,993 12,029 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041 During the three and six months ended June 30, 2017 and 2016, no individual customer accounted for 10% or more of consolidated net revenue. The following table presents the Company’s net revenue by geographic region for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 United States $ 205,441 $ 169,724 $ 399,351 $ 325,113 All other countries 3,423 3,704 6,836 6,928 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041 Long-Lived Assets The following table presents the Company’s long-lived assets by geographic region for the periods indicated (in thousands): June 30, December 31, 2017 2016 United States $ 88,378 $ 89,362 All other countries 3,336 3,078 Total long-lived assets $ 91,714 $ 92,440

RESTRUCTURING AND INTEGRATION

RESTRUCTURING AND INTEGRATION	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
RESTRUCTURING AND INTEGRATION	17. RESTRUCTURING AND INTEGRATION The following table presents the Company’s restructuring and integration costs for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Restructuring and integration $ 21 $ - $ 251 $ - On November 2, 2016, the Company announced plans to significantly reduce sales and marketing activities in markets outside of the United States and Canada. The restructuring plan was substantially completed by December 31, 2016. The Company incurred $0.1 million and $0.3 million for the three and six months ended June 30, 2017, respectively, in restructuring and integration costs associated with this plan related to severance costs for affected employees. The Company expects the remaining $0.3 million accrued restructuring and integration costs as of June 30, 2017 to be paid during the year ended December 31, 2017. Any additional expense related to this restructuring plan incurred in the future is expected to be immaterial. No goodwill, intangible assets or other long lived assets were impaired as a result of the restructuring plan.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2017
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	18. SUBSEQUENT EVENTS Proposed Sale of Eat24, LLC and Grubhub Partnership On August 3, 2017, the Company and Eat24, LLC, a wholly owned subsidiary of the Company (“Eat24”), entered into a Unit Purchase Agreement (the "Purchase Agreement") with Grubhub Inc. ("Grubhub") and Grubhub Holdings, Inc. ("Purchaser"), a wholly owned subsidiary of Grubhub. Pursuant to the Purchase Agreement, Purchaser agreed to acquire all of the outstanding equity interests in Eat24 from the Company for $287.5 million in cash upon the terms and subject to the conditions set forth in the Purchase Agreement (the "Acquisition"). The Company also agreed to transfer certain assets to Eat24 immediately prior to the closing of the Acquisition, which will consist of assets that are material to or necessary for the operation of the Eat24 business that are not then owned by Eat24. The purchase price will be paid to the Company upon the closing of the Acquisition and will be subject to customary post-closing adjustments. The timing of the closing is dependent on a number of factors including, but not limited to, receipt of approval or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. Of the purchase amount, $28.8 million will be held in escrow for an 18-month period after closing to secure Purchaser’s indemnification rights. Any gain or loss resulting from the Acquisition will be determined and recognized as of the closing date. Concurrently with the execution of the Purchase Agreement, the Company and Purchaser entered into a Marketing Partnership Agreement (“Partnership Agreement”) to expand the Company’s online ordering capabilities, which will become effective upon the closing of the Acquisition. Under the Partnership Agreement, following the closing of the Acquisition, the Company agreed to integrate Grubhub’s restaurant network into the Yelp Platform to allow users of the Company’s website and mobile app to place orders for delivery or pickup through Grubhub’s food-ordering marketplace. The Partnership Agreement has an initial term of five years, and may renew for an additional two years upon the mutual agreement of the Company and Purchaser. Stock Repurchase Program On July 31, 2017, the Company’s board of directors authorized a stock repurchase program under which the Company may repurchase of up to $200 million of its outstanding common stock. The Company may purchase shares at management’s discretion in the open market, in privately negotiated transactions, in transactions structured through investment banking institutions, or a combination of the foregoing. The program is not subject to any time limit and may be modified, suspended, or discontinued at any time. The Company expects to fund the stock repurchase program with cash available on its balance sheet.

DESCRIPTION OF BUSINESS AND B25

DESCRIPTION OF BUSINESS AND BASIS FOR PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying interim condensed consolidated financial statements are unaudited. These unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) and the applicable rules and regulations of the U.S. Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted pursuant to such rules and regulations. Accordingly, these unaudited interim condensed consolidated financial statements should be read in conjunction with the consolidated financial statements contained in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016, filed with the SEC on March 1, 2017 (the “Annual Report”). The unaudited condensed consolidated balance sheet as of December 31, 2016 included herein was derived from the audited consolidated financial statements as of that date, but does not include all disclosures required by GAAP, including certain notes to the financial statements. The unaudited interim condensed consolidated financial statements have been prepared on the same basis as the audited consolidated financial statements. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments of a normally recurring nature necessary for the fair presentation of the interim periods presented.
Recent Accounting Pronouncements Not Yet Effective	Recent Accounting Pronouncements Not Yet Effective In May 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09 “Revenue from Contracts with Customers” (“ASU 2014-09”). ASU 2014-09 supersedes the revenue recognition requirements in “Revenue Recognition (Topic 605),” and requires entities to recognize revenue when they transfer promised goods or services to customers, in an amount that reflects the consideration that the entity expects to be entitled to in exchange for such goods or services. As currently issued and amended, ASU 2014-09 is effective for annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. The Company will adopt this standard effective January 1, 2018. The new standard permits two methods of adoption: retrospectively to each prior reporting period presented (full retrospective method), or retrospectively with the cumulative effect of the initial application of the guidance recognized at the date of adoption (the modified retrospective method). The Company currently anticipates adopting the standard using the full retrospective method and does not anticipate a significant change in revenue recognition from the previous standard. The Company currently expenses contract acquisition costs as incurred and expects that the requirement to defer incremental contract acquisition costs and recognize them over the contract period or expected customer life will result in the recognition of deferred costs on its balance sheets. The Company is still in the process of completing its analysis on the impact this guidance will have on its consolidated financial statements, related disclosures and its internal controls over financial reporting. In February 2016, FASB issued Accounting Standards Update No. 2016-02, “Leases” (“ASU 2016-02”). The new guidance generally requires an entity to recognize on its balance sheet operating and financing lease liabilities and corresponding right-of-use assets, as well as to recognize the expenses on its statements of operations in a manner similar to that required under current accounting rules. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2018 and early adoption is permitted. The new standard requires a modified retrospective transition for existing leases to each prior reporting period presented. The Company is currently evaluating the impact of the adoption of ASU 2016-02 on its consolidated financial statements. In August 2016, FASB issued Accounting Standards Update No. 2016-15, “Statement of Cash Flows (Subtopic 230)” (“ASU 2016-15”). The new guidance provides clarity around the cash flow classification for specific issues in an effort to reduce the current and potential future diversity in practice. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-15 on its consolidated financial statements and anticipates adopting this standard for the first interim period within the annual reporting period beginning after December 15, 2017. In November 2016, FASB issued Accounting Standards Update No. 2016-18, “Statement of Cash Flows (Subtopic 230)” (“ASU 2016-18”). The new guidance requires that the statement of cash flows explain the change during the period in the total of cash, cash equivalents and amounts generally described as restricted cash or restricted cash equivalents. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2017 and early adoption is permitted. The Company is currently evaluating the impact of the adoption of ASU 2016-18 on its consolidated financial statements and anticipates adopting this standard for the first interim period within the annual reporting period beginning after December 15, 2017. In January 2017, FASB issued Accounting Standards Update No. 2017-04, “Intangibles—Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment” (“ASU 2017-04”). This new guidance simplifies the subsequent measurement of goodwill by eliminating Step 2 from the goodwill impairment test. Entities will now perform goodwill impairment tests by comparing fair value of a reporting unit with its carrying amount and recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. The standard will be effective for the first interim period within annual reporting periods beginning after December 15, 2019 and early adoption is permitted. The Company is currently evaluating the impact and timing of the adoption of ASU 2017-04, but expects that it will not have a material impact on its consolidated financial statements.
Principles of Consolidation	Principles of Consolidation These unaudited interim condensed consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. All intercompany accounts and transactions have been eliminated upon consolidation.
Use of Estimates	Use of Estimates The preparation of the Company’s unaudited interim condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of income and expenses during the reporting period. These estimates are based on information available as of the date of the condensed consolidated financial statements; therefore, actual results could differ from management’s estimates.

CASH AND CASH EQUIVALENTS (Tabl

CASH AND CASH EQUIVALENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Cash and Cash Equivalents [Abstract]
Schedule of Cash and Cash Equivalents	Cash and cash equivalents as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cash and cash equivalents Cash $ 150,613 $ 119,778 Cash equivalents 169,141 152,423 Total cash and cash equivalents $ 319,754 $ 272,201

FAIR VALUE OF FINANCIAL INSTR27

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Jun. 30, 2017
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table represents the Company’s financial instruments measured at fair value as of June 30, 2017 and December 31, 2016 (in thousands): June 30, 2017 December 31, 2016 Level 1 Level 2 Level 3 Total Level 1 Level 2 Level 3 Total Cash Equivalents: Money market funds $ 146,195 $ - $ - $ 146,195 $ 152,423 $ - $ - $ 152,423 Commercial paper - 17,955 - 17,955 - - - - Agency discount notes - 4,991 - 4,991 - - - - Marketable Securities: Agency bonds - 149,980 - 149,980 - 152,394 - 152,394 Commercial paper - 31,909 - 31,909 - 45,894 - 45,894 Corporate bonds - 9,990 - 9,990 - 9,006 - 9,006 Total cash equivalents and marketable securities $ 146,195 $ 214,825 $ - $ 361,020 $ 152,423 $ 207,294 $ - $ 359,717

MARKETABLE SECURITIES (Tables)

MARKETABLE SECURITIES (Tables)	6 Months Ended
	Jun. 30, 2017
Marketable Securities [Abstract]
Schedule of the Fair Value to Amortized Cost Basis of Securities Held-to-Maturity	The amortized cost, gross unrealized gains and losses, and fair value of securities held-to-maturity, all of which mature within one year, as of June 30, 2017 and December 31, 2016 were as follows (in thousands): As of June 30, 2017 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Short-term marketable securities: Agency bonds $ 150,135 $ - $ (155 ) $ 149,980 Commercial paper 31,909 - - 31,909 Corporate bonds 9,997 - (7 ) $ 9,990 Total marketable securities $ 192,041 $ - $ (162 ) $ 191,879 As of December 31, 2016 Gross Gross Unrealized Unrealized Amortized Cost Gains Losses Fair Value Short-term marketable securities: Agency bonds $ 152,429 $ 18 $ (53 ) $ 152,394 Commercial paper 45,894 - - 45,894 Corporate bonds 9,009 - (3 ) 9,006 Total marketable securities $ 207,332 $ 18 $ (56 ) $ 207,294
Schedule of Securities in an Unrealized Loss Position	The following tables present gross unrealized losses and fair values for those securities that were in an unrealized loss position as of June 30, 2017 and December 31, 2016, aggregated by investment category and the length of time that the individual securities have been in a continuous loss position (in thousands): As of June 30, 2017 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency bonds $ 149,980 $ (155 ) $ - $ - $ 149,980 $ (155 ) Corporate bonds 9,990 (7 ) - - 9,990 (7 ) Total $ 159,970 $ (162 ) $ - $ - $ 159,970 $ (162 ) As of December 31, 2016 Less Than 12 Months 12 Months or Greater Total Fair Value Unrealized Loss Fair Value Unrealized Loss Fair Value Unrealized Loss Agency bonds $ 92,018 $ (53 ) $ - $ - $ 92,018 $ (53 ) Corporate bonds 8,006 (3 ) - - 8,006 (3 ) Total $ 100,024 $ (56 ) $ - $ - $ 100,024 $ (56 )

PROPERTY, EQUIPMENT, AND SOFTWA

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Tables)	6 Months Ended
	Jun. 30, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property, Equipment and Software	Property, equipment and software, net as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Capitalized website and internal-use software development costs $ 72,532 $ 61,515 Leasehold improvements 61,385 60,101 Computer equipment 30,620 28,551 Furniture and fixtures 14,765 14,162 Telecommunication 3,655 3,457 Software 1,190 1,079 Total 184,147 168,865 Less accumulated depreciation (92,433 ) (76,425 ) Property, equipment and software, net $ 91,714 $ 92,440

INTANGIBLE ASSETS AND GOODWILL

INTANGIBLE ASSETS AND GOODWILL (Tables)	6 Months Ended
	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill	The changes in carrying amount of goodwill during the six months ended June 30, 2017 were as follows (in thousands): Balance as of December 31, 2016 $ 170,667 Additions upon business combinations 42,007 Effect of currency translation 3,766 Balance as of June 30, 2017 $ 216,440
Schedule of Intangible Assets	Intangible assets at June 30, 2017 and December 31, 2016 consisted of the following (dollars in thousands): Weighted Gross Net Average Carrying Accumulated Carrying Remaining Amount Amortization Amount Life June 30, 2017: Business relationships $ 27,287 $ (3,876 ) $ 23,411 10.2 years Developed technology 15,083 (4,909 ) 10,174 3.9 years User relationships 12,142 (4,111 ) 8,031 4.6 years Content 3,863 (3,186 ) 677 1.8 years Trademarks 3,788 (1,884 ) 1,904 2.1 years Domains and data licenses 2,804 (1,590 ) 1,214 2.5 years Total $ 64,967 $ (19,556 ) $ 45,411 Weighted Gross Net Average Carrying Accumulated Carrying Remaining Amount Amortization Amount Life December 31, 2016: Business relationships $ 17,400 $ (2,741 ) $ 14,659 10.1 years Developed technology 9,280 (4,122 ) 5,158 3.1 years User relationships 12,000 (3,240 ) 8,760 5.1 years Content 3,674 (2,581 ) 1,093 2.0 years Trademarks 3,338 (1,861 ) 1,477 2.1 years Domains and data licenses 2,804 (1,340 ) 1,464 3.0 years Advertiser relationships 1,549 (1,549 ) - 0.0 years Total $ 50,045 $ (17,434 ) $ 32,611
Schedule of Future Amortization Expense	As of June 30, 2017, the estimated future amortization of purchased intangible assets for (i) the remaining six months of 2017, (ii) each of the succeeding four years, and (iii) thereafter is as follows (in thousands): Year Ending December 31, Amount 2017 (from July 1, 2017) $ 4,590 2018 8,826 2019 7,947 2020 5,682 2021 5,376 Thereafter 12,990 Total amortization $ 45,411

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	6 Months Ended
	Jun. 30, 2017
Schedule of Pro Forma Results	The unaudited pro forma financial information, as presented below, is for informational purposes only and is not necessarily indicative of the results of operations that would have been achieved if the combinations had taken place as of January 1, 2016 (in thousands, except per share data): 2017 Acquisitions Nowait, Inc Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 174,533 $ 406,961 $ 334,108 Net income (loss) 7,590 (2,339 ) 1,768 (19,413 ) Basic net income (loss) per share attributable to common stockholders 0.09 (0.03 ) 0.02 (0.25 ) Diluted net income (loss) per share attributable to common stockholders 0.09 (0.03 ) 0.02 (0.25 ) Turnstyle Analytics Inc Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 173,618 $ 406,514 $ 332,492 Net income (loss) 7,590 (186 ) 2,664 (15,937 ) Basic net income (loss) per share attributable to common stockholders 0.09 - 0.03 (0.21 ) Diluted net income (loss) per share attributable to common stockholders 0.09 - 0.03 (0.21 ) Combined Pro Forma Three Months Ended Six Months Ended June 30 June 30 2017 2016 2017 2016 Net revenue $ 208,864 $ 174,722 $ 407,288 $ 334,558 Net income (loss) 7,590 (2,974 ) 1,622 (20,347 ) Basic net income (loss) per share attributable to common stockholders 0.09 (0.04 ) 0.02 (0.27 ) Diluted net income (loss) per share attributable to common stockholders 0.09 (0.04 ) 0.02 (0.27 )
Nowait, Inc [Member]
Schedule of Purchase Price, Assets Aquired and Liabilities Assumed	The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands): February 28, 2017 Fair value of purchase consideration Cash: Distributed to Nowait stockholders $ 31,892 Held in escrow account 7,945 Total purchase consideration 39,837 Fair value of net assets acquired: Cash and cash equivalents $ 1,004 Intangible assets 12,670 Goodwill 25,959 Other assets 1,065 Total assets acquired 40,698 Liabilities assumed (861 ) Total liabilities assumed (861 ) Net assets acquired $ 39,837 Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows: Intangible Asset Type Amount Assigned Useful Life Enterprise restaurant relationships $ 8,500 12.0 years Acquired technology 2,900 5.0 years Trademarks 610 3.0 years Local restaurant relationships 600 5.0 years User relationships 60 3.0 years Weighted average 9.6 years
Turnstyle Analytics Inc [Member]
Schedule of Purchase Price, Assets Aquired and Liabilities Assumed	The purchase price allocation, subject to finalization during the measurement period, is as follows (in thousands): April 3, 2017 Fair value of purchase consideration Cash: Distributed to Turnstyle stockholders $ 16,648 Held in escrow account 3,093 Total purchase consideration $ 19,741 Fair value of net assets acquired: Cash and cash equivalents $ 30 Intangible assets 4,252 Goodwill 16,048 Other assets 250 Total assets acquired 20,580 Deferred tax liability (450 ) Liabilities assumed (389 ) Total liabilities assumed (839 ) Net assets acquired $ 19,741 Estimated useful lives and the amount assigned to each class of intangible assets acquired are as follows: Intangible Asset Type Amount Assigned Useful Life Acquired technology $ 3,250 5.0 years Business relationships 672 5.0 years Trademarks 250 3.0 years User relationships 80 3.0 years Weighted average 4.9 years

OTHER NON-CURRENT ASSETS (Table

OTHER NON-CURRENT ASSETS (Tables)	6 Months Ended
	Jun. 30, 2017
Other Assets, Noncurrent Disclosure [Abstract]
Schedule of Other Non-current Assets	Other non-current assets as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Cost-method investments $ - $ 8,000 Other 3,140 2,992 Total other non-current assets $ 3,140 $ 10,992

ACCRUED LIABILITIES (Tables)

ACCRUED LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Liabilities	Accrued liabilities as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Accrued compensation and related $ 17,675 $ 12,892 Accrued marketing 5,557 4,633 Accrued tax liabilities 4,983 5,456 Other accrued expenses 12,721 13,749 Total $ 40,936 $ 36,730

LONG-TERM LIABILITIES (Tables)

LONG-TERM LIABILITIES (Tables)	6 Months Ended
	Jun. 30, 2017
Accounts Payable and Accrued Liabilities, Noncurrent [Abstract]
Schedule of Long-term Liabilities	Long-term liabilities as of June 30, 2017 and December 31, 2016 consisted of the following (in thousands): June 30, December 31, 2017 2016 Deferred rent $ 16,812 $ 16,896 Other long-term liabilities 1,508 725 Total long-term liabilities $ 18,320 $ 17,621

STOCKHOLDERS' EQUITY (Tables)

STOCKHOLDERS' EQUITY (Tables)	6 Months Ended
	Jun. 30, 2017
Stockholders' Equity Note [Abstract]
Schedule of Stock by Class	The following table presents the number of shares authorized and issued and outstanding as of the dates indicated: June 30, 2017 December 31, 2016 Shares Shares Shares Issued and Shares Issued and Authorized Outstanding Authorized Outstanding Stockholders’ equity: Common stock, $0.000001 par value 200,000,000 81,752,997 200,000,000 79,429,833 Undesignated Preferred Stock 10,000,000 - 10,000,000 -
Schedule of Stock Option Activity	A summary of stock option activity for the six months ended June 30, 2017 is as follows: Options Outstanding Weighted- Average Remaining Weighted- Contractual Aggregate Number of Average Term Intrinsic Value Shares Exercise Price (in years) (in thousands) Outstanding - December 31, 2016 8,018,941 $ 21.71 6.10 $ 147,673 Granted 850,850 34.97 Exercised (719,643 ) 19.36 Canceled (115,914 ) 48.60 Outstanding - June 30, 2017 8,034,234 $ 22.94 6.02 $ 83,542 Options vested and exercisable as of June 30, 2017 6,215,474 $ 20.07 5.16 $ 77,961
Summary of RSU Activity	A summary of RSU activity for the six months ended June 30, 2017 is as follows: Restricted Stock Units Weighted- Average Grant Number of Date Fair Shares Value Unvested - December 31, 2016 7,090,465 $ 32.43 Granted 2,540,323 35.93 Released (1,375,885 ) 33.12 Canceled (729,628 ) 33.27 Unvested - June 30, 2017 7,525,275 $ 33.40
Schedule of Stock-Based Compensation Expense	The following table summarizes the effects of stock-based compensation expense related to stock-based awards in the condensed consolidated statements of operations during the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Cost of revenue $ 957 $ 407 $ 1,938 $ 808 Sales and marketing 7,261 6,843 14,129 13,185 Product development 11,245 8,413 22,453 16,443 General and administrative 5,902 5,063 11,179 9,400 Total stock-based compensation $ 25,365 $ 20,726 $ 49,699 $ 39,836

OTHER INCOME, NET (Tables)

OTHER INCOME, NET (Tables)	6 Months Ended
	Jun. 30, 2017
Other Income and Expenses [Abstract]
Schedule of Other Income, Net	Other income, net for the three and six months ended June 30, 2017 and 2016 consisted of the following (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Interest income, net $ 794 $ 414 $ 1,440 $ 725 Transaction gain (loss) on foreign exchange 39 (39 ) 54 27 Other non-operating income (loss), net 31 (8 ) 100 (127 ) Other income, net $ 864 $ 367 $ 1,594 $ 625

NET INCOME (LOSS) PER SHARE (Ta

NET INCOME (LOSS) PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2017
Earnings Per Share [Abstract]
Schedule of Calculation of Basic and Diluted Net Income (Loss) Per Share	The following table presents the calculation of basic and diluted net income (loss) per share (in thousands, except per share data): Three Months Ended June 30, 2017 2016 Common stock Class A Class B Net income attributable to common stockholders $ 7,590 $ 399 $ 50 Basic Shares: 80,996 68,018 8,449 Net income per share attributable to common stockholders Basic: $ 0.09 $ 0.01 $ 0.01 Three Months Ended June 30, 2017 2016 Common stock Class A Class B Diluted net income per share attributable to common stockholders: Numerator: Allocation of undistributed earnings for basic computation $ 7,590 $ 399 $ 50 Reallocation of undistributed earnings as a result of conversion of Class B to - 50 - Reallocation of undistributed earnings to Class B shares - - 7 Allocation of undistributed earnings $ 7,590 $ 449 $ 57 Denominator: Number of shares used in basic calculation 80,996 68,018 8,449 Weighted-average effect of dilutive securities Conversion of Class B to - 8,449 - Stock options 2,807 2,106 1,591 Restricted stock units 1,057 398 - Contingently issuable shares - 309 - Number of shares used in diluted calculation 84,860 79,280 10,040 Diluted net income per share attributable to common stockholders $ 0.09 $ 0.01 $ 0.01 Six Months Ended June 30, 2017 2016 Common stock Class A Class B Net income (loss) attributable to common stockholders $ 2,810 $ (13,303 ) $ (1,700 ) Basic Shares: 80,422 67,542 8,634 Net income (loss) per share attributable to common stockholders Basic: $ 0.03 $ (0.20 ) $ (0.20 ) Six Months Ended June 30, 2017 2016 Common stock Class A Class B Diluted net income (loss) per share attributable to common stockholders: Numerator: Allocation of undistributed earnings (losses) $ 2,810 $ (13,303 ) $ (1,700 ) Denominator: Number of shares used in basic calculation 80,422 68,018 8,449 Weighted-average effect of dilutive securities Stock options 3,132 - - Restricted stock units 1,578 - - Number of shares used in diluted calculation 85,132 68,018 8,449 Diluted net income (loss) per share attributable to common stockholders $ 0.03 $ (0.20 ) $ (0.20 )
Schedule of Anti-dilutive Securities	The following weighted-average stock-based instruments were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Stock options 2,197 3,385 1,974 8,953 Restricted stock units and awards 3,657 3,582 2,418 6,445 Contingently issuable shares - - - 309

INFORMATION ABOUT REVENUE AND38

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Tables)	6 Months Ended
	Jun. 30, 2017
Segment Reporting [Abstract]
Schedule of Revenue by Product Line	The following table presents the Company’s net revenue by product line for the periods presented (in thousands) reflecting the changes to its revenue categories described above: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net revenue by product: Advertising $ 186,602 $ 156,697 $ 363,651 $ 299,745 Transactions 18,435 15,518 36,500 30,016 Other services 3,827 1,213 6,036 2,280 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041 For purposes of comparison, the following table presents the Company’s net revenue by product line for the periods presented (in thousands) based on the revenue categories in effect prior to the three months ended December 31, 2016: Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Net revenue by product: Local $ 181,650 $ 151,879 $ 353,694 $ 289,996 Transactions 18,435 15,518 36,500 30,016 Other services 8,779 6,031 15,993 12,029 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041
Schedule of Net Revenue by Geographic Region	The following table presents the Company’s net revenue by geographic region for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 United States $ 205,441 $ 169,724 $ 399,351 $ 325,113 All other countries 3,423 3,704 6,836 6,928 Total net revenue $ 208,864 $ 173,428 $ 406,187 $ 332,041
Schedule of Long-Lived Assets by Geographic Region	The following table presents the Company’s long-lived assets by geographic region for the periods indicated (in thousands): June 30, December 31, 2017 2016 United States $ 88,378 $ 89,362 All other countries 3,336 3,078 Total long-lived assets $ 91,714 $ 92,440

RESTRUCTURING AND INTEGRATION (

RESTRUCTURING AND INTEGRATION (Tables)	6 Months Ended
	Jun. 30, 2017
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Integration Costs	The following table presents the Company’s restructuring and integration costs for the periods indicated (in thousands): Three Months Ended Six Months Ended June 30, June 30, 2017 2016 2017 2016 Restructuring and integration $ 21 $ - $ 251 $ -

CASH AND CASH EQUIVALENTS (Deta

CASH AND CASH EQUIVALENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016	Jun. 30, 2016	Dec. 31, 2015
Cash and cash equivalents
Cash	$ 150,613	$ 119,778
Cash equivalents	169,141	152,423
Total cash and cash equivalents	319,754	272,201	$ 196,295	$ 171,613
Restricted cash related to letters of credit	$ 18,539	$ 17,317

FAIR VALUE OF FINANCIAL INSTR41

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents and marketable securities	$ 361,020	$ 359,717
Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents and marketable securities	146,195	152,423
Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents and marketable securities	214,825	207,294
Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total cash equivalents and marketable securities
Agency bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	149,980	152,394
Agency bonds [Member] | Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities
Agency bonds [Member] | Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	149,980	152,394
Agency bonds [Member] | Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities
Commercial paper [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	17,955
Marketable securities	31,909	45,894
Commercial paper [Member] | Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents
Marketable securities
Commercial paper [Member] | Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	17,955
Marketable securities	31,909	45,894
Commercial paper [Member] | Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents
Marketable securities
Corporate bonds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	9,990	9,006
Corporate bonds [Member] | Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities
Corporate bonds [Member] | Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities	9,990	9,006
Corporate bonds [Member] | Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Marketable securities
Agency discount notes [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	4,991
Agency discount notes [Member] | Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents
Agency discount notes [Member] | Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	4,991
Agency discount notes [Member] | Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents
Money Market Funds [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	146,195	152,423
Money Market Funds [Member] | Level 1 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents	146,195	152,423
Money Market Funds [Member] | Level 2 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents
Money Market Funds [Member] | Level 3 [Member] | Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash Equivalents

MARKETABLE SECURITIES (Schedule

MARKETABLE SECURITIES (Schedule of the Fair Value to Amortized Cost Basis of Securities Held-to-Maturity) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Short-term marketable securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	$ 191,879	$ 207,294
Gross Unrealized Gains		18
Gross Unrealized Losses	(162)	(56)
Amortized Cost	192,041	207,332
Agency bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	149,980	152,394
Agency bonds [Member] | Short-term marketable securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	149,980	152,394
Gross Unrealized Gains		18
Gross Unrealized Losses	(155)	(53)
Amortized Cost	150,135	152,429
Commercial paper [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	31,909	45,894
Commercial paper [Member] | Short-term marketable securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	31,909	45,894
Gross Unrealized Gains
Gross Unrealized Losses
Amortized Cost	31,909	45,894
Corporate bonds [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	9,990	9,006
Corporate bonds [Member] | Short-term marketable securities [Member]
Schedule of Held-to-maturity Securities [Line Items]
Fair Value	9,990	9,006
Gross Unrealized Gains
Gross Unrealized Losses	(7)	(3)
Amortized Cost	$ 9,997	$ 9,009

MARKETABLE SECURITIES (Schedu43

MARKETABLE SECURITIES (Schedule of Securities in an Unrealized Loss Position) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Fair Value
Less than 12 months	$ 159,970	$ 100,024
12 months or greater
Total	159,970	100,024
Unrealized Loss
Less than 12 months	(162)	(56)
12 months or greater
Total	(162)	(56)
Agency bonds [Member]
Fair Value
Less than 12 months	149,980	92,018
12 months or greater
Total	149,980	92,018
Unrealized Loss
Less than 12 months	(155)	(53)
12 months or greater
Total	(155)	(53)
Corporate bonds [Member]
Fair Value
Less than 12 months	9,990	8,006
12 months or greater
Total	9,990	8,006
Unrealized Loss
Less than 12 months	(7)	(3)
12 months or greater
Total	$ (7)	$ (3)

PROPERTY, EQUIPMENT, AND SOFT44

PROPERTY, EQUIPMENT, AND SOFTWARE, NET (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 8.3	$ 6.8	$ 16.5	$ 13.3

PROPERTY, EQUIPMENT AND SOFTW45

PROPERTY, EQUIPMENT AND SOFTWARE, NET (Schedule of Property, Equipment and Software) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Property, Plant and Equipment [Line Items]
Property, equipment and software	$ 184,147	$ 168,865
Less accumulated depreciation	(92,433)	(76,425)
Property, equipment and software, net	91,714	92,440
Capitalized website and internal-use software development costs [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	72,532	61,515
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	61,385	60,101
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	30,620	28,551
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	14,765	14,162
Telecommunication [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	3,655	3,457
Software [Member]
Property, Plant and Equipment [Line Items]
Property, equipment and software	$ 1,190	$ 1,079

INTANGIBLE ASSETS AND GOODWIL46

INTANGIBLE ASSETS AND GOODWILL (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization expense	$ 2.3	$ 1.7	$ 4.3	$ 3.4

INTANGIBLE ASSETS AND GOODWIL47

INTANGIBLE ASSETS AND GOODWILL (Schedule of Goodwill) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2017USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Balance	$ 170,667
Additions upon business combinations	42,007
Effect of currency translation	3,766
Balance	$ 216,440

INTANGIBLE ASSETS AND GOODWIL48

INTANGIBLE ASSETS AND GOODWILL (Schedule of Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 64,967	$ 50,045
Accumulated Amortization	(19,556)	(17,434)
Net Carrying Amount	45,411	32,611
Business relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	27,287	17,400
Accumulated Amortization	(3,876)	(2,741)
Net Carrying Amount	$ 23,411	$ 14,659
Weighted Average Remaining Life	10 years 2 months 12 days	10 years 1 month 6 days
Developed technology [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 15,083	$ 9,280
Accumulated Amortization	(4,909)	(4,122)
Net Carrying Amount	$ 10,174	$ 5,158
Weighted Average Remaining Life	3 years 10 months 25 days	3 years 1 month 6 days
User relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 12,142	$ 12,000
Accumulated Amortization	(4,111)	(3,240)
Net Carrying Amount	$ 8,031	$ 8,760
Weighted Average Remaining Life	4 years 7 months 6 days	5 years 1 month 6 days
Content [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,863	$ 3,674
Accumulated Amortization	(3,186)	(2,581)
Net Carrying Amount	$ 677	$ 1,093
Weighted Average Remaining Life	1 year 9 months 18 days	2 years
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 3,788	$ 3,338
Accumulated Amortization	(1,884)	(1,861)
Net Carrying Amount	$ 1,904	$ 1,477
Weighted Average Remaining Life	2 years 1 month 6 days	2 years 1 month 6 days
Domains and data licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,804	$ 2,804
Accumulated Amortization	(1,590)	(1,340)
Net Carrying Amount	$ 1,214	$ 1,464
Weighted Average Remaining Life	2 years 6 months	3 years
Advertiser relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount		$ 1,549
Accumulated Amortization		(1,549)
Net Carrying Amount
Weighted Average Remaining Life		0 years

INTANGIBLE ASSETS AND GOODWIL49

INTANGIBLE ASSETS AND GOODWILL (Schedule of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Estimated future amortization expense:
2017 (from July 1, 2017)	$ 4,590
2,018	8,826
2,019	7,947
2,020	5,682
2,021	5,376
Thereafter	12,990
Total amortization	$ 45,411	$ 32,611

ACQUISITIONS (Summary of Purcha

ACQUISITIONS (Summary of Purchase Price and Net Assets Acquired) (Details) - USD ($) $ in Thousands	Apr. 03, 2017	Feb. 28, 2017	Jun. 30, 2017	Dec. 31, 2016
Fair value of net assets acquired:
Goodwill			$ 216,440	$ 170,667
Turnstyle Analytics Inc [Member]
Fair value of purchase consideration:
Cash: Distributed to Nowait stockholders	$ 16,648
Cash: Held in escrow account	3,093
Total purchase consideration	19,741
Fair value of net assets acquired:
Cash and cash equivalents	30
Intangibles	4,252
Goodwill	16,048
Other assets	250
Total assets acquired	20,580
Deferred tax liability	(450)
Liabilities assumed	(389)
Total liabilities assumed	(839)
Net assets acquired	$ 19,741
Nowait, Inc [Member]
Fair value of purchase consideration:
Cash: Distributed to Nowait stockholders		$ 31,892
Cash: Held in escrow account		7,945
Total purchase consideration		39,837
Fair value of net assets acquired:
Cash and cash equivalents		1,004
Intangibles		12,670
Goodwill		25,959
Other assets		1,065
Total assets acquired		40,698
Liabilities assumed		(861)
Total liabilities assumed		(861)
Net assets acquired		$ 39,837

ACQUISITIONS (Summary of Estima

ACQUISITIONS (Summary of Estimated Useful lives of Intangible Assets Acquired ) (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Apr. 03, 2017	Feb. 28, 2017
Nowait, Inc [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			$ 12,670
Weighted average useful life	9 years 7 months 6 days
Nowait, Inc [Member] | Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			2,900
Weighted average useful life	5 years
Nowait, Inc [Member] | User relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			60
Weighted average useful life	3 years
Nowait, Inc [Member] | Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			610
Weighted average useful life	3 years
Nowait, Inc [Member] | Local restaurant relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			600
Weighted average useful life	5 years
Nowait, Inc [Member] | Enterprise restaurant relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned			$ 8,500
Weighted average useful life	12 years
Turnstyle Analytics Inc [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned		$ 4,252
Weighted average useful life	4 years 10 months 25 days
Turnstyle Analytics Inc [Member] | Developed technology [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned		3,250
Weighted average useful life	5 years
Turnstyle Analytics Inc [Member] | User relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned		80
Weighted average useful life	3 years
Turnstyle Analytics Inc [Member] | Trademarks [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned		250
Weighted average useful life	3 years
Turnstyle Analytics Inc [Member] | Enterprise restaurant relationships [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amount Assigned		$ 672
Weighted average useful life	5 years

ACQUISITIONS (Schedule of Pro F

ACQUISITIONS (Schedule of Pro Forma Results) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Net revenue	$ 208,864	$ 173,428	$ 406,187	$ 332,041
Net income (loss)	7,590	449	2,810	(15,003)
Pro Forma [Member]
Net revenue	208,864	174,722	407,288	334,558
Net income (loss)	$ 7,590	$ (2,974)	$ 1,622	$ (20,347)
Basic net income (loss) per share attributable to common stockholders	$ 0.09	$ (0.04)	$ 0.02	$ (0.27)
Diluted net income (loss) per share attributable to common stockholders	$ 0.09	$ (0.04)	$ 0.02	$ (0.27)
Nowait, Inc [Member]
Net revenue	$ 1,100		$ 1,300
Net income (loss)	2,400		3,200
Nowait, Inc [Member] | Pro Forma [Member]
Net revenue	208,864	$ 174,533	406,961	$ 334,108
Net income (loss)	$ 7,590	$ (2,339)	$ 1,768	$ (19,413)
Basic net income (loss) per share attributable to common stockholders	$ 0.09	$ (0.03)	$ 0.02	$ (0.25)
Diluted net income (loss) per share attributable to common stockholders	$ 0.09	$ (0.03)	$ 0.02	$ (0.25)
Turnstyle Analytics Inc [Member]
Aquisition related costs	$ 300
Net revenue	400
Net income (loss)	(600)
Turnstyle Analytics Inc [Member] | Pro Forma [Member]
Net revenue	208,864	$ 173,618	$ 406,514	$ 332,492
Net income (loss)	$ 7,590	$ (186)	$ 2,664	$ (15,937)
Basic net income (loss) per share attributable to common stockholders	$ 0.09		$ 0.03	$ (0.21)
Diluted net income (loss) per share attributable to common stockholders	$ 0.09		$ 0.03	$ (0.21)

OTHER NON-CURRENT ASSETS (Detai

OTHER NON-CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Other Assets, Noncurrent Disclosure [Abstract]
Cost-method investments		$ 8,000
Other	3,140	2,992
Total other non-current assets	$ 3,140	$ 10,992

ACCRUED LIABILITIES (Details)

ACCRUED LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued compensation and related	$ 17,675	$ 12,892
Accrued marketing	5,557	4,633
Accrued tax liabilities	4,983	5,456
Other accrued expenses	12,721	13,749
Total accrued liabilities	$ 40,936	$ 36,730

LONG-TERM LIABILITIES (Schedule

LONG-TERM LIABILITIES (Schedule of Long-Term Liabilities) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Liabilities, Noncurrent [Abstract]
Deferred rent	$ 16,812	$ 16,896
Other long-term liabilities	1,508	725
Total long-term liabilities	$ 18,320	$ 17,621

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) $ in Millions	1 Months Ended		3 Months Ended		6 Months Ended
	Jan. 31, 2016USD ($)	Aug. 31, 2014item	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2016USD ($)
Loss Contingencies [Line Items]
Rental expense			$ 9.9	$ 9.1	$ 19.7	$ 17.6
Sublease rentals			0.5	$ 0.5	1	$ 1
Number of lawsuits filed | item		2
Payroll tax audit liability			$ 0.5		$ 0.5
Putative Class Action Lawsuit [Member]
Loss Contingencies [Line Items]
Settlement amount	$ 0.6
Lawsuit Filed By Former Sales Employee [Member]
Loss Contingencies [Line Items]
Settlement amount	$ 0.2

STOCKHOLDERS' EQUITY (Award Com

STOCKHOLDERS' EQUITY (Award Compensation Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation	$ 25,365	$ 20,726	$ 49,699	$ 39,836
Capitalized stock-based compensation	1,700	1,200	$ 3,000	2,000
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Exercisable period			10 years
Intrinsic value of options exercised	$ 5,500	$ 3,200	$ 10,400	$ 4,800
Weighted average grant date fair value	$ 14.61	$ 9.18	$ 15.52	$ 9.42
Unrecognized compensation costs	$ 24,600		$ 24,600
Unrecognized compensation costs, period for recognition			2 years 7 months 6 days
Stock options [Member] | First year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			10.00%
Stock options [Member] | Second year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			20.00%
Stock options [Member] | Third year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			30.00%
Stock options [Member] | Fourth year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			40.00%
Stock options [Member] | End of year one [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			25.00%
Stock options [Member] | MonthlyBasisFirstYearMember
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			35.00%
Stock options [Member] | MonthlyBasisSecondYearMember
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			40.00%
Stock options [Member] | MonthlyBaisThirdYearMember
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			25.00%
RSUs [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period			4 years
Unrecognized compensation costs	$ 232,500		$ 232,500
Unrecognized compensation costs, period for recognition			2 years 9 months 25 days
RSUs [Member] | First year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			10.00%
RSUs [Member] | Second year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			20.00%
RSUs [Member] | Third year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			30.00%
RSUs [Member] | Fourth year [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			40.00%
RSUs [Member] | End of year one [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate			25.00%
ESPP [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Subscription rate of eligible compensation	15.00%		15.00%
Purchase price, percentage of fair market value			85.00%
Number of shares purchased			228,299	200,953
Weighted-average purchase price	$ 23.73	$ 22.26	$ 23.73	$ 22.26
Stock-based compensation	$ 500	$ 500	$ 1,000	$ 700

STOCKHOLDERS' EQUITY (Schedule

STOCKHOLDERS' EQUITY (Schedule of Stock by Class) (Details) - $ / shares	Jun. 30, 2017	Dec. 31, 2016
Stockholders' equity:
Common stock, par value	$ 0.000001	$ 0.000001
Common stock, Shares Authorized	200,000,000	200,000,000
Common stock, Shares Issued	81,752,997	79,429,833
Common stock, Shares Outstanding	81,752,997	79,429,833
Undesignated Preferred Stock, Shares Authorized	10,000,000	10,000,000
Undesignated Preferred Stock, Shares Issued
Undesignated Preferred Stock, Shares Outstanding

STOCKHOLDERS' EQUITY (Schedul59

STOCKHOLDERS' EQUITY (Schedule of Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2017	Dec. 31, 2016
Number of Shares
Outstanding, beginning balance	8,018,941
Granted	850,850
Exercised	(719,643)
Canceled	(115,914)
Outstanding, ending balance	8,034,234	8,018,941
Options vested and exercisable	6,215,474
Weighted Average Exercise Price
Outstanding, beginning balance	$ 21.71
Granted	34.97
Exercised	19.36
Canceled	48.60
Outstanding, ending balance	22.94	$ 21.71
Options vested and exercisable	$ 20.07
Weighted Average Remaining Contractual Term, Outstanding	6 years 7 days	6 years 1 month 6 days
Weighted Average Remaining Contractual Term, Options vested and exercisable	5 years 1 month 27 days
Aggregate Intrinsic Value
Outstanding, beginning balance	$ 147,673
Outstanding, ending balance	83,542	$ 147,673
Options vested and exercisable	$ 77,961

STOCKHOLDERS' EQUITY (Schedul60

STOCKHOLDERS' EQUITY (Schedule of Restricted Stock Units Activity) (Details) - Restricted Stock Units [Member]	6 Months Ended
	Jun. 30, 2017$ / sharesshares
Number of Shares
Unvested, beginning balance | shares	7,090,465
Granted | shares	2,540,323
Released | shares	(1,375,885)
Canceled | shares	(729,628)
Unvested, ending balance | shares	7,525,275
Weighted-Average Grant Date Fair Value
Unvested, beginning balance | $ / shares	$ 32.43
Granted | $ / shares	35.93
Released | $ / shares	33.12
Canceled | $ / shares	33.27
Unvested, ending balance | $ / shares	$ 33.40

STOCKHOLDERS' EQUITY (Schedul61

STOCKHOLDERS' EQUITY (Schedule of Stock-Based Compensation Expense) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	$ 25,365	$ 20,726	$ 49,699	$ 39,836
Cost of revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	957	407	1,938	808
Sales and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	7,261	6,843	14,129	13,185
Product development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	11,245	8,413	22,453	16,443
General and administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	$ 5,902	$ 5,063	$ 11,179	$ 9,400

OTHER INCOME, NET (Details)

OTHER INCOME, NET (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Other Income and Expenses [Abstract]
Interest income, net	$ 794	$ 414	$ 1,440	$ 725
Transaction gain (loss) on foreign exchange	39	(39)	54	27
Other non-operating income (loss), net	31	(8)	100	(127)
Other income, net	$ 864	$ 367	$ 1,594	$ 625

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Income Tax Contingency [Line Items]
Income tax benefit due to U.S. federal and state and foreign income tax benefit	$ 100	$ 1,300	$ 200	$ 200
Income tax benefit due to U.S. federal and state income taxes and foreign income taxes			100	100
Income tax benefit discrete benefits			100	100
Unrecognized tax benefits	12,300	5,800	12,300	5,800
Unrecognized tax benefits that would not impact the effective tax rate	11,500	$ 5,000	11,500	$ 5,000
Unrecognized tax benefits increase	800		200
Earnings of foreign subsidiaries to be reinvested indefinitely	$ 2,500		$ 2,500
Ireland, United Kingdom and Germany Tax Jurisdictions [Member]
Income Tax Contingency [Line Items]
Open tax year			2,010
Federal and State Tax Jurisdictions [Member]
Income Tax Contingency [Line Items]
Open tax year			2,003

NET INCOME (LOSS) PER SHARE (Na

NET INCOME (LOSS) PER SHARE (Narrative) (Details)	6 Months Ended
	Jun. 30, 2017item
Class B common stock [Member]
Class of Stock [Line Items]
Voting rights	10
Class A common stock [Member]
Class of Stock [Line Items]
Voting rights	1

NET INCOME (LOSS) PER SHARE (Sc

NET INCOME (LOSS) PER SHARE (Schedule of Basic and Diluted Net Loss Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016		Jun. 30, 2017		Jun. 30, 2016
Earnings Per Share Reconciliation [Line Items]
Net income attributable to common stockholders	$ 7,590			$ 2,810
Basic Shares:
Weighted-average shares outstanding	80,996	76,467	[1]	80,422	[1]	76,176	[1]
Net income per share attributable to common stockholders
Basic:	$ 0.09	$ 0.01	[1]	$ 0.03	[1]	$ (0.20)	[1]
Numerator:
Allocation of undistributed earnings for basic computation	$ 7,590			$ 2,810
Reallocation of undistributed earnings as a result of conversion of Class B to
Reallocation of undistributed earnings to Class B shares
Allocation of undistributed earnings	$ 7,590			$ 2,810
Denominator:
Number of shares used in basic calculation	80,996	76,467	[1]	80,422	[1]	76,176	[1]
Weighted-average effect of dilutive securities
Conversion of Class B to Class A common shares outstanding
Stock options	2,807			3,132
Restricted stock units	1,057			1,578
Contingently issuable shares
Number of shares used in diluted calculation	84,860	79,280	[1]	85,132	[1]	76,176	[1]
Diluted net income per share attributable to common stockholders	$ 0.09	$ 0.01	[1]	$ 0.03	[1]	$ (0.20)	[1]
Class A common stock [Member]
Earnings Per Share Reconciliation [Line Items]
Net income attributable to common stockholders		$ 399				$ (13,303)
Basic Shares:
Weighted-average shares outstanding		68,018				68,018
Net income per share attributable to common stockholders
Basic:		$ 0.01				$ (0.20)
Numerator:
Allocation of undistributed earnings for basic computation		$ 399				$ (13,303)
Reallocation of undistributed earnings as a result of conversion of Class B to		50
Reallocation of undistributed earnings to Class B shares
Allocation of undistributed earnings		$ 449				$ (13,303)
Denominator:
Number of shares used in basic calculation		68,018				68,018
Weighted-average effect of dilutive securities
Conversion of Class B to Class A common shares outstanding		8,449
Stock options		2,106
Restricted stock units		398
Contingently issuable shares		309
Number of shares used in diluted calculation		79,280				68,018
Diluted net income per share attributable to common stockholders		$ 0.01				$ (0.20)
Class B common stock [Member]
Earnings Per Share Reconciliation [Line Items]
Net income attributable to common stockholders		$ 50				$ (1,700)
Basic Shares:
Weighted-average shares outstanding		8,449				8,449
Net income per share attributable to common stockholders
Basic:		$ 0.01				$ (0.20)
Numerator:
Allocation of undistributed earnings for basic computation		$ 50				$ (1,700)
Reallocation of undistributed earnings as a result of conversion of Class B to
Reallocation of undistributed earnings to Class B shares		7
Allocation of undistributed earnings		$ 57				$ (1,700)
Denominator:
Number of shares used in basic calculation		8,449				8,449
Weighted-average effect of dilutive securities
Conversion of Class B to Class A common shares outstanding
Stock options		1,591
Restricted stock units
Contingently issuable shares
Number of shares used in diluted calculation		10,040				8,449
Diluted net income per share attributable to common stockholders		$ 0.01				$ (0.20)
[1]	The structure of the Company's common stock changed in the year ended December 31, 2016. Refer to Note 12 for details.

NET INCOME (LOSS) PER SHARE (66

NET INCOME (LOSS) PER SHARE (Schedule of Anti-Dilutive Employee Stock Awards) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards	2,197	3,385	1,974	8,953
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards	3,657	3,582	2,418	6,445
Contingently Issuable Shares [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive awards				309

INFORMATION ABOUT REVENUE AND67

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Revenue) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 208,864	$ 173,428	$ 406,187	$ 332,041
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	205,441	169,724	399,351	325,113
All Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	3,423	3,704	6,836	6,928
Advertising [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	186,602	156,697	363,651	299,745
Transactions [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	18,435	15,518	36,500	30,016
Other services [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	3,827	1,213	6,036	2,280
Local [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	181,650	151,879	353,694	289,996
Other Services [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Net revenue	$ 8,779	$ 6,031	$ 15,993	$ 12,029

INFORMATION ABOUT REVENUE AND68

INFORMATION ABOUT REVENUE AND GEOGRAPHIC AREAS (Long-Lived Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 91,714	$ 92,440
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	88,378	89,362
All Other Countries [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 3,336	$ 3,078

RESTRUCTURING AND INTEGRATION69

RESTRUCTURING AND INTEGRATION (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2017	Jun. 30, 2016
Restructuring and Related Activities [Abstract]
Restructuring and integration	$ 21		$ 251
Expected restructuring costs remaining	300		300
Restructuring and integration costs	$ 100		$ 300

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - Subsequent Event [Member] - USD ($)	Aug. 03, 2017	Jul. 31, 2017
Maximum [Member]
Subsequent Event [Line Items]
Stock repurchase program, authorized amount		$ 200,000,000
Sale of Eat24 [Member] | Scenario, Forecast [Member]
Subsequent Event [Line Items]
Cash consideration for sale of subsidiary	$ 287,500,000
Cash consideration for sale of subsidiary, portion held in escrow for up to 18 months	$ 28,800,000