Synacor 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 31, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	SYNC
Entity Registrant Name	Synacor, Inc.
Entity Central Index Key	1,408,278
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		27,510,828

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS:
Cash and cash equivalents	$ 27,063	$ 25,600
Accounts receivable, net of allowance of $383 and $388	17,044	20,479
Prepaid expenses and other current assets	1,961	2,292
Total current assets	46,068	48,371
PROPERTY AND EQUIPMENT, NET	14,083	15,128
OTHER LONG-TERM ASSETS	51	101
GOODWILL	1,565	1,565
INVESTMENTS	1,016	1,073
TOTAL ASSETS	62,783	66,238
CURRENT LIABILITIES:
Accounts payable	10,362	12,545
Accrued expenses and other current liabilities	7,459	8,403
Current portion of capital lease obligations	1,319	1,150
Total current liabilities	19,140	22,098
LONG-TERM PORTION OF CAPITAL LEASE OBLIGATION	1,180	1,383
OTHER LONG-TERM LIABILITIES	566	275
TOTAL LIABILITIES	$ 20,886	$ 23,756
Commitments and Contingencies (Note 6)
STOCKHOLDERS' EQUITY:
Common stock, $0.01 par value - 100,000,000 authorized, 27,944,853 issued and 27,391,709 shares outstanding at December 31, 2014 and 28,118,593 issued and 27,510,861 outstanding at June 30, 2015	$ 280	$ 279
Preferred stock, $0.01 par value-10,000,000 shares authorized, no shares issued and outstanding at December 31, 2014 and June 30, 2015
Treasury stock, at cost, 553,144 shares at December 31, 2014 and 607,732 shares at June 30, 2015	$ (1,265)	$ (1,142)
Additional paid-in capital	107,660	105,961
Accumulated deficit	(64,792)	(62,636)
Accumulated other comprehensive income	14	20
Total stockholders' equity	41,897	42,482
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 62,783	$ 66,238

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets - Unaudited (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 383	$ 388
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	28,118,593	27,944,853
Common stock, shares outstanding	27,510,861	27,391,709
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Treasury stock, shares	607,732	553,144

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - Unaudited - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Statement [Abstract]
REVENUE	$ 24,716	$ 24,191	$ 51,446	$ 49,439
COSTS AND OPERATING EXPENSES:
Cost of revenue (exclusive of depreciation shown separately below)	12,504	13,146	26,908	27,022
Technology & Development (exclusive of depreciation shown separately below)	4,561	7,120	9,427	14,612
Sales and marketing	3,639	2,457	7,201	4,594
General and administrative (exclusive of depreciation shown separately below)	3,351	3,499	6,724	6,598
Depreciation	1,660	1,117	3,156	2,175
Gain on sale of domain		(1,000)		(1,000)
Total costs and operating expenses	25,715	26,339	53,416	54,001
LOSS FROM OPERATIONS	(999)	(2,148)	(1,970)	(4,562)
OTHER INCOME	17	6	1	14
INTEREST EXPENSE	(59)	(23)	(109)	(111)
LOSS BEFORE INCOME TAXES AND EQUITY INTEREST	(1,041)	(2,165)	(2,078)	(4,659)
(BENEFIT) PROVISION FOR INCOME TAXES	16	(641)	21	(1,325)
LOSS IN EQUITY INTEREST	(25)	(344)	(57)	(590)
NET LOSS	$ (1,082)	$ (1,868)	$ (2,156)	$ (3,924)
NET LOSS PER SHARE:
Basic	$ (0.04)	$ (0.07)	$ (0.08)	$ (0.14)
Diluted	$ (0.04)	$ (0.07)	$ (0.08)	$ (0.14)
WEIGHTED AVERAGE SHARES USED TO COMPUTE NET LOSS PER SHARE:
Basic	27,534,119	27,360,588	27,475,481	27,397,695
Diluted	27,534,119	27,360,588	27,475,481	27,397,695

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Loss - Unaudited - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (1,082)	$ (1,868)	$ (2,156)	$ (3,924)
Other comprehensive income:
Change in foreign currency translation adjustment	(3)	(4)	(6)	9
Comprehensive loss	$ (1,085)	$ (1,872)	$ (2,162)	$ (3,915)

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows - Unaudited - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (2,156)	$ (3,924)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	3,156	2,175
Stock-based compensation expense	1,541	1,528
Provision for deferred income taxes		(1,351)
Loss in equity interest	57	590
Gain on sale of domain		(1,000)
Change in assets and liabilities net of effect of acquisition:
Accounts receivable, net	3,435	(2,200)
Prepaid expenses and other current assets	331	(103)
Other long-term assets	50	166
Accounts payable	(2,133)	(2,179)
Accrued expenses and other current liabilities	(443)	703
Other long-term liabilities	291	(178)
Net cash (used in) provided by operating activities	4,129	(5,773)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment	(1,561)	(2,796)
Investment in equity interest		(545)
Net cash used in investing activities	(1,561)	(3,341)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments on capital lease obligations	(672)	(1,117)
Proceeds from exercise of common stock options	70	59
Purchase of treasury stock		(562)
Deferred acquisition payment	(495)
Net cash used in financing activities	(1,097)	(1,620)
Effect of exchange rate changes on cash and cash equivalents	(8)	1
NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS	1,463	(10,733)
CASH AND CASH EQUIVALENTS - Beginning of Period	25,600	36,397
CASH AND CASH EQUIVALENTS - End of Period	27,063	25,664
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest	139	111
Cash paid for income taxes	31
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Property, equipment and service contracts financed under capital lease obligations	637	1,074
Accrued property and equipment expenditures	61	40
Stock-based compensation capitalized to property and equipment	89
Treasury stock received to satisfy minimum tax withholding liabilities	$ 123	$ 6

The Company and Summary of Sign

The Company and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
The Company and Summary of Significant Accounting Policies	1. The Company and Summary of Significant Accounting Policies Synacor, Inc., together with its consolidated subsidiaries, Synacor Canada, Inc. and NTV Internet Holdings, LLC (collectively, the “Company” or “Synacor”), is the trusted technology development, multiplatform services and revenue partner for video, Internet and communications providers, and device manufacturers. Synacor delivers modern, multiscreen experiences and advertising to consumers that require scale, actionable data and sophisticated implementation. Basis of Presentation Accounting Estimates Concentrations of Risk Accounts Receivable December 31, 2014 June 30, 2015 Google 23 % 15 % Digital Advertising Partner 11 % 10 % Portal Customer (1) 12 % N/A (1) As of June 30, 2015, accounts receivable for Portal Customer was less than 10%. Revenue Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 Google 46 % 30 % 49 % 33 % For the three months ended June 30, 2014 and 2015, the following customers received revenue-share payments equal to or exceeding 10% of the Company’s cost of revenue. The costs represent revenue share paid to customers for their supply of Internet traffic on the Company’s start experiences: Cost of Revenue Three Months Ended Six Months Ended June 30, 2014 2015 2014 2015 Customer A 23 % 29 % 23 % 27 % Customer B (1) N/A 10 12 10 Customer C 10 11 11 11 Customer D (2) 10 N/A 10 N/A Notes: (1) For the three months ended June 30, 2014, the cost of revenue-share payments received by Customer B was less than 10% (2) For the three and six months ended June 30, 2015, the cost of revenue-share payments received by Customer D was less than 10% Rights Plan The Rights will not be exercisable until 10 days after the public announcement that a person or group has become an “Acquiring Person” by obtaining beneficial ownership of 10% or more of the Company’s outstanding common stock (the “Distribution Date”) unless the Rights Plan is amended by the board of directors to avoid such outcome. If a person or group becomes an Acquiring Person, each Right will entitle its holder (other than such Acquiring Person) to purchase for $10.00 per share, a number of shares of the Company’s common stock having a market value of twice such price based on the market price of the common stock prior to such acquisition. Additionally, if the Company is acquired in a merger or similar transaction after the Distribution Date, each Right will entitle its holder (other than such Acquiring Person) to purchase for $10.00 per share, a number of shares of the acquiring corporation with a market value of $20.00 per share based on the market price of the acquiring corporation’s stock, prior to such merger. In addition, at any time after a person or group becomes an Acquiring Person, but before such Acquiring Person or group owns 50% or more of the Company’s common stock, the board of directors may exchange one share of the Company’s common stock for each outstanding Right (other than Rights owned by such Acquiring Person, which would have become void). An Acquiring Person will not be entitled to exercise the Rights. On April 20, 2015, The Company’s stockholders ratified the Rights Plan. It will expire on July 14, 2017.

Investments and Fair Value Meas

Investments and Fair Value Measurements	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	2. Investments and Fair Value Measurements In July 2013, the Company made a $1.0 million investment (in the form of a convertible promissory note) in a privately held Delaware corporation called Blazer and Flip Flops, Inc., or B&FF (doing business as The Experience Engine). In March 2015, the note was converted into preferred stock of B&FF. B&FF is a professional services company whose principals have experience integrating its customers’ systems with their consumers’ devices, including smartphones and tablets. The investment in B&FF is considered an available-for-sale security and is reported on the Company’s condensed consolidated balance sheets in investments. The provisions of the FASB ASC 820, Fair Value Measurements and Disclosures Level 1 Level 2 Level 3

Property and Equipment-Net

Property and Equipment-Net	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment-Net	3. Property and Equipment—Net Property and equipment, net consisted of the following: December 31, 2014 June 30, 2015 (in thousands) Computer equipment (1) $ 21,194 $ 21,858 Computer software 10,741 12,536 Furniture and fixtures 1,847 1,838 Leasehold improvements 1,389 1,369 Work in process (primarily software development costs) 1,203 635 Other 173 178 36,547 38,414 Less accumulated depreciation (2) (21,419 ) (24,331 ) Total property and equipment—net $ 15,128 $ 14,083 Notes: (1) Includes equipment under capital lease obligations of $4.8 million and $3.3 million as of December 31, 2014 and June 30, 2015, respectively. (2) Includes $2.7 million and $1.2 million of accumulated depreciation of equipment under capital leases as of December 31, 2014 and June 30, 2015, respectively.

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Accrued Expenses and Other Current Liabilities	4. Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: December 31, 2014 June 30, (in thousands) Accrued compensation $ 4,066 $ 3,519 Accrued content fees 1,745 2,204 Accrued business acquisition consideration 495 — Unearned revenue on contracts 642 611 Other 1,455 1,125 Total $ 8,403 $ 7,459

Information About Segment and G

Information About Segment and Geographic Areas	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Information About Segment and Geographic Areas	5. Information About Segment and Geographic Areas Operating segments are 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 total Company basis, accompanied by information about revenue by major service line for purposes of allocating resources and evaluating financial performance. Profitability measures by service line are not routinely prepared or used. 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 Company level. Accordingly, the Company has determined that it has a single reporting segment and operating unit structure. The following table sets forth revenue and long-lived tangible assets by geographic area: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Revenue United States $ 24,026 $ 24,537 $ 49,104 $ 51,067 International 165 179 335 379 Total revenue $ 24,191 $ 24,716 $ 49,439 $ 51,446 December 31, 2014 June 30, 2015 (in thousands) Long-lived tangible assets United States $ 14,573 $ 13,299 Canada 502 774 Europe 53 10 Total long-lived tangible assets $ 15,128 $ 14,083

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	6. Commitments and Contingencies Contract Commitments Year ending December 31: (in thousands) 2015 (remaining six months) $ 2,564 2016 6,700 2017 4,581 2018 3,018 Total contract commitments $ 16,863 Litigation

Equity

Equity	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Equity	7. Equity Common Stock Preferred Stock Stock Repurchases The following table sets forth the shares of common stock repurchased through the program: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 Shares of common stock repurchased 207,050 — 229,050 — Value of common stock repurchased (in thousands) $ 507 $ — $ 562 $ — Withhold to Cover

Stock-based Compensation

Stock-based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-based Compensation	8. Stock-based Compensation The fair value of each stock option was determined on the date of grant using the Black-Scholes option pricing model, and stock-based compensation is recorded over the requisite service period. No income tax deduction is allowed for incentive stock options (“ISOs”). Accordingly, no deferred income tax asset is recorded for the potential tax deduction related to these options. Expense related to stock option grants of non-qualified stock options (“NSOs”) result in a temporary difference, which gives rise to a deferred tax asset. Total stock-based compensation expense included in the accompanying condensed consolidated statements of operations for the periods presented, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Technology and development $ 375 $ 253 $ 702 $ 470 Sales and marketing 125 244 233 485 General and administrative 347 303 593 586 Total stock-based compensation expense 847 800 1,528 1,541 Stock Option Activity Number of Stock Options Weighted Average Exercise Price Aggregate Intrinsic Value (in thousands) Weighted Outstanding—January 1, 2015 6,754,082 $ 2.83 Granted 1,424,500 $ 2.19 Exercised (36,135 ) $ 1.94 Forfeited (472,000 ) $ 2.46 Outstanding—June 30, 2015 7,670,447 $ 2.74 $ 180 7.37 Vested and expected to vest—June 30, 2015 7,223,333 $ 2.77 $ 180 7.25 Vested and exercisable—June 30, 2015 3,170,259 $ 3.20 $ 179 4.98 Aggregate intrinsic value represents the difference between the Company’s closing stock price of its common stock and the exercise price of outstanding, in-the-money options. The Company’s closing stock price as reported on the NASDAQ as of June 30, 2015 was $1.61 per share. The total intrinsic value of options exercised for the six months ended June 30, 2015 was minor. The weighted average fair value of options issued during the six months ended June 30, 2015 amounted to $1.20 per option share. As of June 30, 2015, the unrecognized compensation cost related to non-vested options granted, for which vesting is probable, under the plan was approximately $5.8 million. This cost is expected to be recognized over a weighted-average period of 2.8 years. The total fair value of shares vested was $0.6 million for the six months ended June 30, 2015.

Net Income (Loss) Per Common Sh

Net Income (Loss) Per Common Share Data	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Net Income (Loss) Per Common Share Data	9. Net Income (Loss) Per Common Share Data Basic net income (loss) per share is computed using the weighted-average number of common shares outstanding during the period. Diluted net income (loss) per share is computed using the weighted-average number of common shares and, if dilutive, potential common shares outstanding during the period. The Company’s potential common shares consist of the incremental common shares issuable upon the exercise of stock options, and to a lesser extent, shares issuable upon the release of RSUs. The dilutive effect of these potential common shares is reflected in diluted earnings per share by application of the treasury stock method. The following table presents the calculation of basic and diluted net loss per share for the three and six months ended June 30, 2014 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands, expect share and per share data) Basic net loss per share: Numerator: Net loss $ (1,868 ) $ (1,082 ) $ (3,924 ) $ (2,156 ) Denominator: Weighted-average common shares outstanding 27,360,588 27,534,119 27,397,695 27,475,481 Basic net loss per share $ (0.07 ) $ (0.04 ) $ (0.14 ) $ (0.08 ) Diluted net loss per share: Numerator: Net loss $ (1,868 ) $ (1,082 ) $ (3,924 ) $ (2,156 ) Denominator: Number of shares used in basic calculation 27,360,588 27,534,119 27,397,695 27,475,481 Add weighted-average effect of dilutive securities: None — — — — Number of shares used in diluted calculation 27,360,588 27,534,119 27,397,695 27,475,481 Diluted net loss per share $ (0.07 ) $ (0.04 ) $ (0.14 ) $ (0.08 ) The following equivalent shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Antidilutive equity awards: Stock options and RSUs 5,672,042 8,278,318 5,672,042 8,278,318

The Company and Summary of Si16

The Company and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation
Accounting Estimates	Accounting Estimates
Concentrations of Risk	Concentrations of Risk Accounts Receivable December 31, 2014 June 30, 2015 Google 23 % 15 % Digital Advertising Partner 11 % 10 % Portal Customer (1) 12 % N/A (1) As of June 30, 2015, accounts receivable for Portal Customer was less than 10%. Revenue Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 Google 46 % 30 % 49 % 33 % For the three months ended June 30, 2014 and 2015, the following customers received revenue-share payments equal to or exceeding 10% of the Company’s cost of revenue. The costs represent revenue share paid to customers for their supply of Internet traffic on the Company’s start experiences: Cost of Revenue Three Months Ended Six Months Ended June 30, 2014 2015 2014 2015 Customer A 23 % 29 % 23 % 27 % Customer B (1) N/A 10 12 10 Customer C 10 11 11 11 Customer D (2) 10 N/A 10 N/A Notes: (1) For the three months ended June 30, 2014, the cost of revenue-share payments received by Customer B was less than 10% (2) For the three and six months ended June 30, 2015, the cost of revenue-share payments received by Customer D was less than 10%

The Company and Summary of Si17

The Company and Summary of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Schedule of Concentrations Equal to or Exceeding 10% of Company's Accounts Receivable, Revenue, and Cost of Revenue	As of December 31, 2014 and June 30, 2015, and for the three and six months ended June 30, 2014 and 2015, the Company had concentrations equal to or exceeding 10% of the Company’s accounts receivable and revenue as follows: Accounts Receivable December 31, 2014 June 30, 2015 Google 23 % 15 % Digital Advertising Partner 11 % 10 % Portal Customer (1) 12 % N/A (1) As of June 30, 2015, accounts receivable for Portal Customer was less than 10%. Revenue Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 Google 46 % 30 % 49 % 33 % For the three months ended June 30, 2014 and 2015, the following customers received revenue-share payments equal to or exceeding 10% of the Company’s cost of revenue. The costs represent revenue share paid to customers for their supply of Internet traffic on the Company’s start experiences: Cost of Revenue Three Months Ended Six Months Ended June 30, 2014 2015 2014 2015 Customer A 23 % 29 % 23 % 27 % Customer B (1) N/A 10 12 10 Customer C 10 11 11 11 Customer D (2) 10 N/A 10 N/A Notes: (1) For the three months ended June 30, 2014, the cost of revenue-share payments received by Customer B was less than 10% (2) For the three and six months ended June 30, 2015, the cost of revenue-share payments received by Customer D was less than 10%

Property and Equipment-Net (Tab

Property and Equipment-Net (Tables)	6 Months Ended
	Jun. 30, 2015
Property, Plant and Equipment [Abstract]
Schedule of Property and Equipment	Property and equipment, net consisted of the following: December 31, 2014 June 30, 2015 (in thousands) Computer equipment (1) $ 21,194 $ 21,858 Computer software 10,741 12,536 Furniture and fixtures 1,847 1,838 Leasehold improvements 1,389 1,369 Work in process (primarily software development costs) 1,203 635 Other 173 178 36,547 38,414 Less accumulated depreciation (2) (21,419 ) (24,331 ) Total property and equipment—net $ 15,128 $ 14,083 Notes: (1) Includes equipment under capital lease obligations of $4.8 million and $3.3 million as of December 31, 2014 and June 30, 2015, respectively. (2) Includes $2.7 million and $1.2 million of accumulated depreciation of equipment under capital leases as of December 31, 2014 and June 30, 2015, respectively.

Accrued Expenses and Other Cu19

Accrued Expenses and Other Current Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Payables and Accruals [Abstract]
Schedule of Accrued Expenses and Other Current Liabilities	Accrued expenses and other current liabilities consisted of the following: December 31, 2014 June 30, (in thousands) Accrued compensation $ 4,066 $ 3,519 Accrued content fees 1,745 2,204 Accrued business acquisition consideration 495 — Unearned revenue on contracts 642 611 Other 1,455 1,125 Total $ 8,403 $ 7,459

Information About Segment and20

Information About Segment and Geographic Areas (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Schedule of Revenue and Long Lived Tangible Assets by Geographic Area	The following table sets forth revenue and long-lived tangible assets by geographic area: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Revenue United States $ 24,026 $ 24,537 $ 49,104 $ 51,067 International 165 179 335 379 Total revenue $ 24,191 $ 24,716 $ 49,439 $ 51,446 December 31, 2014 June 30, 2015 (in thousands) Long-lived tangible assets United States $ 14,573 $ 13,299 Canada 502 774 Europe 53 10 Total long-lived tangible assets $ 15,128 $ 14,083

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Contract Commitments	Contract commitments as of June 30, 2015 are summarized as follows: Year ending December 31: (in thousands) 2015 (remaining six months) $ 2,564 2016 6,700 2017 4,581 2018 3,018 Total contract commitments $ 16,863

Equity (Tables)

Equity (Tables)	6 Months Ended
	Jun. 30, 2015
Equity [Abstract]
Schedule of Stock Repurchased	The following table sets forth the shares of common stock repurchased through the program: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 Shares of common stock repurchased 207,050 — 229,050 — Value of common stock repurchased (in thousands) $ 507 $ — $ 562 $ —

Stock-based Compensation (Table

Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Total Stock Based Compensation Expense	Total stock-based compensation expense included in the accompanying condensed consolidated statements of operations for the periods presented, is as follows: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Technology and development $ 375 $ 253 $ 702 $ 470 Sales and marketing 125 244 233 485 General and administrative 347 303 593 586 Total stock-based compensation expense 847 800 1,528 1,541
Summary of Stock Option Activity	Stock Option Activity Number of Stock Options Weighted Average Exercise Price Aggregate Intrinsic Value (in thousands) Weighted Outstanding—January 1, 2015 6,754,082 $ 2.83 Granted 1,424,500 $ 2.19 Exercised (36,135 ) $ 1.94 Forfeited (472,000 ) $ 2.46 Outstanding—June 30, 2015 7,670,447 $ 2.74 $ 180 7.37 Vested and expected to vest—June 30, 2015 7,223,333 $ 2.77 $ 180 7.25 Vested and exercisable—June 30, 2015 3,170,259 $ 3.20 $ 179 4.98

Net Income (Loss) Per Common 24

Net Income (Loss) Per Common Share Data (Tables)	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Schedule of Basic and Diluted Net Loss Per Share	The following table presents the calculation of basic and diluted net loss per share for the three and six months ended June 30, 2014 and 2015: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands, expect share and per share data) Basic net loss per share: Numerator: Net loss $ (1,868 ) $ (1,082 ) $ (3,924 ) $ (2,156 ) Denominator: Weighted-average common shares outstanding 27,360,588 27,534,119 27,397,695 27,475,481 Basic net loss per share $ (0.07 ) $ (0.04 ) $ (0.14 ) $ (0.08 ) Diluted net loss per share: Numerator: Net loss $ (1,868 ) $ (1,082 ) $ (3,924 ) $ (2,156 ) Denominator: Number of shares used in basic calculation 27,360,588 27,534,119 27,397,695 27,475,481 Add weighted-average effect of dilutive securities: None — — — — Number of shares used in diluted calculation 27,360,588 27,534,119 27,397,695 27,475,481 Diluted net loss per share $ (0.07 ) $ (0.04 ) $ (0.14 ) $ (0.08 )
Schedule of Equivalent Shares Excluded from Calculation of Diluted Net Loss Per Share	The following equivalent shares were excluded from the calculation of diluted net loss per share because their effect would have been anti-dilutive for the periods presented: Three Months Ended June 30, Six Months Ended June 30, 2014 2015 2014 2015 (in thousands) Antidilutive equity awards: Stock options and RSUs 5,672,042 8,278,318 5,672,042 8,278,318

The Company and Summary of Si25

The Company and Summary of Significant Accounting Policies - Schedule of Concentrations Equal to or Exceeding 10% of Company's Accounts Receivable, Revenue, and Cost of Revenue (Detail) - Customer Concentration Risk [Member]	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Accounts Receivable [Member] | Portal Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage					12.00%
Accounts Receivable [Member] | Google [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			15.00%		23.00%
Accounts Receivable [Member] | Display Advertising Partner [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			10.00%		11.00%
Revenue [Member] | Google [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	30.00%	46.00%	33.00%	49.00%
Cost of Sales [Member] | Customer B [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%		10.00%	12.00%
Cost of Sales [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	29.00%	23.00%	27.00%	23.00%
Cost of Sales [Member] | Customer C [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	11.00%	10.00%	11.00%	11.00%
Cost of Sales [Member] | Customer D [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		10.00%		10.00%

The Company and Summary of Si26

The Company and Summary of Significant Accounting Policies - Schedule of Concentrations Equal to or Exceeding 10% of Company's Accounts Receivable, Revenue, and Cost of Revenue (Parenthetical) (Detail) - Customer Concentration Risk [Member]	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Portal Customer [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage						12.00%
Portal Customer [Member] | Maximum [Member] | Accounts Receivable [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10.00%
Customer B [Member] | Cost of Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		10.00%		10.00%	12.00%
Customer B [Member] | Maximum [Member] | Cost of Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			10.00%
Customer D [Member] | Cost of Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			10.00%		10.00%
Customer D [Member] | Maximum [Member] | Cost of Sales [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		10.00%		10.00%

The Company and Summary of Si27

The Company and Summary of Significant Accounting Policies - Rights Plan - Additional Information (Detail)	Jul. 14, 2014$ / sharesshares	Jun. 30, 2015shares	Dec. 31, 2014shares	Feb. 15, 2012shares
Class of Warrant or Right [Line Items]
Common stock dividend declared, number of preferred share purchase rights for each outstanding share of common stock	100.00%
Number of shares called by each Right	0.01
Exercise price | $ / shares	$ 10
Preferred stock, shares authorized		10,000,000	10,000,000	10,000,000
Exercisable period after public announcement	10 days
Beneficial ownership threshold of common stock for rights be become exercisable	10.00%
Market value of acquiring corporation shares | $ / shares	$ 20
Minimum ownership percentage of common stock Board of Directors may no longer exchange common stock	50.00%
Exchange of common stock for Right, exchange ratio	1
Series A Junior Participating Preferred Stock [Member]
Class of Warrant or Right [Line Items]
Preferred stock, shares authorized	2,000,000			2,000,000

Investments and Fair Value Me28

Investments and Fair Value Measurements - Additional Information (Detail) $ in Millions	1 Months Ended
	Jul. 31, 2013USD ($)
Fair Value Disclosures [Abstract]
Payments to acquire investment	$ 1

Property and Equipment-Net - Sc

Property and Equipment-Net - Schedule of Property and Equipment (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 38,414	$ 36,547
Less accumulated depreciation	(24,331)	(21,419)
Total property and equipment-net	14,083	15,128
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	21,858	21,194
Computer Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	12,536	10,741
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	1,838	1,847
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	1,369	1,389
Work in Process [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	635	1,203
Other [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 178	$ 173

Property and Equipment-Net - 30

Property and Equipment-Net - Schedule of Property and Equipment (Parenthetical) (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 38,414	$ 36,547
Accumulated depreciation of equipment under capital leases	24,331	21,419
Capital Lease Obligations [Member]
Property, Plant and Equipment [Line Items]
Accumulated depreciation of equipment under capital leases	1,200	2,700
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	21,858	21,194
Computer Equipment [Member] | Capital Lease Obligations [Member]
Property, Plant and Equipment [Line Items]
Property and equipment gross	$ 3,300	$ 4,800

Accrued Expenses and Other Cu31

Accrued Expenses and Other Current Liabilities - Schedule of Accrued Expenses and Other Current Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Accounts Payable and Accrued Liabilities, Current [Abstract]
Accrued compensation	$ 3,519	$ 4,066
Accrued content fees	2,204	1,745
Accrued business acquisition consideration		495
Unearned revenue on contracts	611	642
Other	1,125	1,455
Total	$ 7,459	$ 8,403

Information About Segment and32

Information About Segment and Geographic Areas - Additional Information (Detail) - 6 months ended Jun. 30, 2015	SegmentManagers
Revenues From External Customers And Long Lived Assets [Abstract]
Number of segment managers accountable for operations below the Company level | Managers	0
Number of reportable segments	1
Number of operating units	1

Information About Segment and33

Information About Segment and Geographic Areas - Schedule of Revenue and Long Lived Tangible Assets by Geographic Area (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE	$ 24,716	$ 24,191	$ 51,446	$ 49,439
Long-lived tangible assets	14,083		14,083		$ 15,128
United States [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE	24,537	24,026	51,067	49,104
Long-lived tangible assets	13,299		13,299		14,573
Canada [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	774		774		502
International [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
REVENUE	179	$ 165	379	$ 335
Europe [Member]
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived tangible assets	$ 10		$ 10		$ 53

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Contract Commitments (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Contractual Obligation, Fiscal Year Maturity [Abstract]
2015 (remaining six months)	$ 2,564
2,016	6,700
2,017	4,581
2,018	3,018
Total contract commitments	$ 16,863

Equity - Additional Information

Equity - Additional Information (Detail) - USD ($)	Jun. 30, 2015	Dec. 31, 2014	Jul. 14, 2014	Feb. 28, 2014	Feb. 15, 2012
Class of Stock [Line Items]
Common stock, shares authorized	100,000,000	100,000,000			100,000,000
Common stock, par value	$ 0.01	$ 0.01			$ 0.01
Preferred stock, shares authorized	10,000,000	10,000,000			10,000,000
Preferred stock, par value	$ 0.01	$ 0.01			$ 0.01
Shares authorized to be repurchased, amount				$ 5,000,000
Series A Junior Participating Preferred Stock [Member]
Class of Stock [Line Items]
Preferred stock, shares authorized			2,000,000		2,000,000

Equity - Schedule of Stock Repu

Equity - Schedule of Stock Repurchased (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Shares of common stock repurchased	0	207,050	0	229,050
Value of common stock repurchased (in thousands)	$ 0	$ 507,000	$ 0	$ 562,000

Equity - Withhold to Cover - Ad

Equity - Withhold to Cover - Additional Information (Detail) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Equity [Abstract]
Shares withheld to satisfy minimum statutory tax withholding requirements	54,588	2,613

Stock-based Compensation - Sche

Stock-based Compensation - Schedule of Total Stock Based Compensation Expense (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 800	$ 847	$ 1,541	$ 1,528
Technology and Development [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	253	375	470	702
Sales and Marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	244	125	485	233
General and Administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 303	$ 347	$ 586	$ 593

Stock-based Compensation - Summ

Stock-based Compensation - Summary of Stock Option Activity (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Outstanding number of stock options beginning balance	6,754,082
Number of stock options granted	1,424,500
Number of stock options exercised	(36,135)
Number of stock options forfeited	(472,000)
Outstanding number of stock options ending balance	7,670,447
Outstanding number of stock options vested and expected to vest	7,223,333
Outstanding number of stock options vested and exercisable	3,170,259
Outstanding, weighted average exercise price, beginning balance	$ 2.83
Weighted average exercise price, granted	2.19
Weighted average exercise price, exercised	1.94
Weighted average exercise price, forfeited	2.46
Outstanding, weighted average exercise price, ending balance	2.74
Vested and expected to vest, weighted average exercise price, ending balance	2.77
Vested and exercisable, weighted average exercise price, ending balance	$ 3.20
Aggregate intrinsic value, outstanding	$ 180
Aggregate intrinsic value, vested and expected to vest	180
Aggregate intrinsic value, vested and exercisable	$ 179
Weighted average remaining contractual term (in years), outstanding	7 years 4 months 13 days
Weighted average remaining contractual term (in years), vested and expected to vest	7 years 3 months
Weighted average remaining contractual term (in years), vested and exercisable	4 years 11 months 23 days

Stock-based Compensation - Addi

Stock-based Compensation - Additional Information (Detail) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Millions	Total
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Closing stock price as reported on the NASDAQ	$ 1.61
Weighted average fair value of options issued	$ 1.20
Unrecognized compensation cost related to non-vested options granted	$ 5.8
Total fair value of shares vested	$ 0.6
Expected weighted average period to recognize unrecognized compensation cost	2 years 9 months 18 days

Net Income (Loss) Per Common 41

Net Income (Loss) Per Common Share Data - Schedule of Basic and Diluted Net Loss Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net loss	$ (1,082)	$ (1,868)	$ (2,156)	$ (3,924)
Denominator:
Weighted-average common shares outstanding	27,534,119	27,360,588	27,475,481	27,397,695
Basic net loss per share	$ (0.04)	$ (0.07)	$ (0.08)	$ (0.14)
Numerator:
Net loss	$ (1,082)	$ (1,868)	$ (2,156)	$ (3,924)
Denominator:
Weighted-average common shares outstanding	27,534,119	27,360,588	27,475,481	27,397,695
Add weighted-average effect of dilutive securities:
Weighted-average effect of diluted securities	0	0	0	0
Number of shares used in diluted calculation	27,534,119	27,360,588	27,475,481	27,397,695
Diluted net loss per share	$ (0.04)	$ (0.07)	$ (0.08)	$ (0.14)

Net Income (Loss) Per Common 42

Net Income (Loss) Per Common Share Data - Schedule of Equivalent Shares Excluded from Calculation of Diluted Net Loss Per Share (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options and RSUs [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive equity awards	8,278,318	5,672,042	8,278,318	5,672,042