Intralinks (IL) 10-Q 4 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Oct. 30, 2015
Document and Entity Information [Abstract]
Document type	10-Q
Amendment flag	false
Document year focus	2,015
Document period focus	Q3
Document period end date	Sep. 30, 2015
Current fiscal year end date	--12-31
Entity central index key	1,488,075
Entity filer category	Accelerated Filer
Entity registrant name	Intralinks Holdings, Inc.
Entity common stock shares outstanding		58,269,990

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current assets:
Cash and cash equivalents	$ 39,435	$ 40,682
Investments	17,481	11,825
Accounts receivable, net of allowances of $4,582 and $3,158, respectively	52,165	47,338
Deferred taxes	6,059	9,578
Prepaid expenses	7,455	6,602
Other current assets	4,217	3,626
Total current assets	126,812	119,651
Investments	0	12,630
Fixed assets, net	20,863	16,245
Capitalized software, net	44,269	39,798
Goodwill	224,383	224,383
Other intangibles, net	44,094	62,055
Other assets	7,900	6,676
Total assets	468,321	481,438
Current liabilities:
Accounts Payable	13,014	10,624
Current portion of long-term debt	800	906
Deferred revenue	52,525	49,193
Accrued expenses and other current liabilities	27,997	26,974
Total current liabilities	94,336	87,697
Long-term debt	77,453	77,933
Deferred taxes	6,059	9,578
Other long-term liabilities	$ 4,882	$ 5,291
Commitments and contingencies
Stockholders' equity:
Undesignated Preferred Stock, $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding	$ 0	$ 0
Common Stock, $0.001 par value; 300,000,000 shares authorized; 58,257,919 and 57,084,340 shares issued and outstanding, respectively	58	57
Additional paid-in capital	453,205	441,596
Accumulated deficit	(163,614)	(139,210)
Accumulated other comprehensive loss	(4,058)	(1,504)
Total stockholders' equity	285,591	300,939
Total liabilities and stockholders' equity	$ 468,321	$ 481,438

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
ASSETS
Allowance for Doubtful Accounts Receivable	$ 4,582	$ 3,158
Series A Redeemable Convertible Preferred Stock [Member]
Preferred stock par value (in dollars per share)	$ 0.001	$ 0.001
Authorized shares, preferred	10,000,000	10,000,000
Issued shares, preferred	0	0
Outstanding shares, preferred	0	0
Common Stock [Member]
Common stock par value (in dollars per share)	$ 0.001	$ 0.001
Authorized shares, common	300,000,000	300,000,000
Issued shares, common	58,257,919	57,084,340
Outstanding shares, common	57,084,340	57,084,340

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Income Statement [Abstract]
Revenue	$ 69,588	$ 65,605	$ 204,869	$ 188,403
Cost of revenue	19,304	17,082	57,189	51,167
Gross profit	50,284	48,523	147,680	137,236
Operating expenses:
Sales and marketing	29,496	29,366	91,666	85,357
General and administrative	18,652	17,930	55,406	52,883
Product development	6,859	5,150	19,107	16,075
Total operating expenses	55,007	52,446	166,179	154,315
Loss from operations	(4,723)	(3,923)	(18,499)	(17,079)
Interest expense	1,124	1,126	3,323	3,091
Amortization of debt issuance costs	143	143	429	436
Other expense, net	151	995	989	786
Net loss before income tax	(6,141)	(6,187)	(23,240)	(21,392)
Income tax expense (benefit)	420	(1,836)	1,164	(5,989)
Net loss before income tax	$ (6,561)	$ (4,351)	$ (24,404)	$ (15,403)
Net loss per common share:
Basic (in dollars per share)	$ (0.11)	$ (0.08)	$ (0.43)	$ (0.28)
Diluted (in dollars per share)	$ (0.11)	$ (0.08)	$ (0.43)	$ (0.28)
Weighted average number of shares:
Basic (in shares)	57,446,774	56,001,583	56,970,515	55,799,506
Diluted (in shares)	57,446,774	56,001,583	56,970,515	55,799,506

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Statement of Comprehensive Income [Abstract]
Net loss	$ (6,561)	$ (4,351)	$ (24,404)	$ (15,403)
Change in foreign currency translation adjustment, net of tax	(1,542)	(667)	(2,554)	(195)
Total other comprehensive loss, net of tax	(1,542)	(667)	(2,554)	(195)
Comprehensive loss	$ (8,103)	$ (5,018)	$ (26,958)	$ (15,598)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Statement of Cash Flows [Abstract]
Net loss	$ (24,404)	$ (15,403)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	20,222	18,779
Amortization of intangible assets	17,961	17,803
Stock-based compensation expense	8,932	7,684
Deferred income tax benefit	0	(9,100)
Other, net	3,192	3,206
Changes in operating assets and liabilities:
Accounts receivable	(7,419)	(12,070)
Prepaid expenses and other assets	(2,510)	(1,814)
Accounts payable	2,254	914
Accrued expenses and other liabilities	349	(929)
Deferred revenue	3,577	4,522
Net cash provided by operating activities	22,154	13,592
Cash flows from investing activities:
Capitalized software development costs	(18,594)	(19,652)
Capital expenditures	(10,589)	(7,041)
Purchases of investments	0	(27,062)
Maturities of investments	6,750	29,179
Purchases of cost method investments	(1,000)	(3,499)
Acquisitions, net of cash acquired	0	(8,632)
Restricted cash	0	2,443
Net cash used in investing activities	(23,433)	(34,264)
Cash flows from financing activities:
Proceeds from issuance of long-term debt	0	79,200
Payments on long-term debt	(600)	(75,298)
Payments of outstanding financing arrangements	(228)	(300)
Debt issuance costs	0	(2,829)
Exercise of stock options and issuance of common stock, net of withholding taxes	2,677	474
Other	(562)	(188)
Net cash provided by financing activities	1,287	1,059
Effect of foreign exchange rate changes on cash and cash equivalents	(1,255)	(44)
Net decrease in cash and cash equivalents	(1,247)	(19,657)
Cash and cash equivalents at beginning of period	40,682	50,540
Cash and cash equivalents at end of period	$ 39,435	$ 30,883

Intralinks Holdings, Inc. and S

Intralinks Holdings, Inc. and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Intralinks Holdings, Inc. and Summary of Significant Accounting Policies	Intralinks Holdings, Inc. and Summary of Significant Accounting Policies Intralinks Holdings, Inc. is a leading global technology provider of Software-as-a-Service solutions for secure enterprise content collaboration within and among organizations. Its cloud-based solutions enable organizations to securely manage, control, track, search and exchange sensitive information, inside and outside of the firewall, all within a secure and easy-to-use environment. Basis of Presentation The accompanying unaudited Consolidated Financial Statements include the accounts of Intralinks Holdings, Inc. and its subsidiaries (collectively, the "Company"). All intercompany balances and transactions have been eliminated. The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, the accompanying unaudited Consolidated Financial Statements contain all normal and recurring adjustments necessary for the fair statement of the Company's consolidated financial position, results of operations and cash flows for the interim periods presented. Interim results are not necessarily indicative of the results to be expected for a full year. The financial statements contained herein are unaudited and should be read in conjunction with the Company’s audited Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 . Use of Estimates The preparation of the Company's Consolidated Financial Statements in conformity with U.S. GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, the Company evaluates its estimates and assumptions including those related to the determination of the fair value of stock-based awards including estimated forfeitures of such awards, the fair value of the Company's single reporting unit, the recoverability of its definite-lived intangible assets, capitalized software and fixed assets (and their related useful lives), certain components of the income tax provision, including the valuation allowance on deferred tax assets, allowances for doubtful accounts and reserves for customer credits and accruals for certain compensation expenses. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and on various other factors that it believes to be reasonable under the circumstances. Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"), which outlines a single comprehensive model for entities to use in accounting for revenue. ASU 2014-09 supersedes current revenue recognition guidance and requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Entities have the option of using either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . The amendment in this update deferred the effective date of implementation of ASU 2014-09 by one year and is now effective for annual and interim reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements. In June 2014, the FASB issued ASU 2014-12, Stock Compensation ("ASU 2014-12"), which provides guidance on accounting for share-based payment awards when the terms of an award provide that a performance target could be achieved after the requisite service period. ASU 2014-12 clarifies that performance targets that can be achieved after the requisite service period of a share-based payment award be treated as performance conditions that affect vesting. These awards should be accounted for under Accounting Standards Codification Topic 718, Compensation - Stock Compensation , and existing guidance should be applied as it relates to awards with performance conditions that affect vesting. ASU 2014-12 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company is currently evaluating the impact of the adoption of this standard, if any, on its Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the related liability rather than as an asset. ASU 2015-03 is effective for annual and interim reporting periods beginning after December 15, 2015. In August 2015, the FASB issued ASU 2015-15, Interest-Imputation of Interest: Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , which clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are outstanding borrowings on the line-of-credit. ASU 2015-03 will be applied on a retrospective basis and will not have a material impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"), which provides guidance about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement does not include a software license, the Company should account for the arrangement as a service contract. ASU 2015-05 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company is currently evaluating the impact of the adoption of this standard, if any, on its Consolidated Financial Statements.

Investments and Fair Value Meas

Investments and Fair Value Measurements	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Investments and Fair Value Measurements	Investments and Fair Value Measurements The Company has classified its investments in corporate securities as held-to-maturity and as such, has recorded them at amortized cost. Interest earned on these debt securities is included in “Other expense, net” within the Consolidated Statements of Operations. The gross unrealized holding gains and losses for the three and nine months ended September 30, 2015 and 2014 were not material. The following tables summarize these investments: September 30, 2015 Security Type Remaining Maturity Consolidated Balance Sheet Classification Amortized Cost (In thousands) Corporate Securities 1 to 294 Days Investments (current) $ 17,481 December 31, 2014 Security Type Remaining Maturity Consolidated Balance Sheet Classification Amortized Cost (In thousands) Corporate Securities 9 to 349 Days Investments (current) $ 11,825 Corporate Securities 380 to 567 Days Investments (non-current) 12,630 Total $ 24,455 The Company categorizes its financial instruments measured at fair value into a three-level fair value hierarchy that prioritizes the inputs used in determining the fair value of the asset or liability. The three levels of the fair value hierarchy are as follows: • Level 1: Fair value measurement of the asset or liability using observable inputs such as quoted prices in active markets for identical assets or liabilities; • Level 2: Fair value measurement of the asset or liability using inputs other than quoted prices that are observable for the applicable asset or liability, either directly or indirectly, such as quoted prices for similar (as opposed to identical) assets or liabilities in active markets and quoted prices for identical or similar assets or liabilities in markets that are not active; and • Level 3: Fair value measurement of the asset or liability using unobservable inputs that reflect the Company’s own assumptions regarding the applicable asset or liability. The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Asset: Money market funds as cash equivalents $ 12,056 $ 12,056 $ — $ — December 31, 2014 Total Level 1 Level 2 Level 3 (In thousands) Asset: Money market funds as cash equivalents $ 13,851 $ 13,851 $ — $ — The Company's non-financial assets, which include goodwill, intangible assets, fixed assets, capitalized software and cost method investments, are adjusted to fair value only when an impairment charge is recognized. These fair value measurements are based predominantly on Level 3 inputs. At September 30, 2015 and December 31, 2014 , the carrying values of the Company's investments accounted for under the cost method totaled $4.5 million and $3.5 million , respectively, and are included in "Other assets" on the Company's Consolidated Balance Sheets.

Goodwill and Other Intangibles

Goodwill and Other Intangibles	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangibles	Goodwill and Other Intangibles At September 30, 2015 and December 31, 2014 , the Company had $224.4 million of goodwill. At September 30, 2015 , other intangibles consisted of the following: Definite–Lived Intangible Assets Gross Carrying Value Accumulated Amortization Net Carrying Value (In thousands) Customer relationships $ 141,973 $ (117,592 ) $ 24,381 Developed technology 134,542 (119,551 ) 14,991 Trade name 14,629 (10,111 ) 4,518 Non-compete agreements 1,337 (1,133 ) 204 Total $ 292,481 $ (248,387 ) $ 44,094 At December 31, 2014 , other intangibles consisted of the following: Definite–Lived Intangible Assets Gross Carrying Value Accumulated Amortization Net Carrying Value (In thousands) Customer relationships $ 141,973 $ (106,944 ) $ 35,029 Developed technology 134,542 (113,303 ) 21,239 Trade name 14,629 (9,198 ) 5,431 Non-compete agreements 1,337 (981 ) 356 Total $ 292,481 $ (230,426 ) $ 62,055 Intangible amortization expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 2,083 $ 2,089 $ 6,248 $ 6,123 Sales and marketing 3,549 3,544 10,648 10,645 General and administrative 354 356 1,065 1,035 Total $ 5,986 $ 5,989 $ 17,961 $ 17,803 At September 30, 2015 , amortization expense on an annual basis for the succeeding five years and thereafter is estimated to be as follows: Amount (In thousands) 2015 remaining $ 5,988 2016 23,866 2017 11,799 2018 1,629 2019 716 Thereafter 96 Total $ 44,094

Fixed Assets

Fixed Assets	9 Months Ended
	Sep. 30, 2015
Property Plant and Equipment Income Statement Disclosures [Abstract]
Fixed Assets	Fixed Assets Fixed assets consisted of the following: September 30, December 31, 2015 2014 (In thousands) Computer equipment and software $ 36,644 $ 29,029 Furniture, fixtures and office equipment 3,063 3,683 Leasehold improvements 6,243 6,948 Total fixed assets 45,950 39,660 Less: Accumulated depreciation and amortization (25,087 ) (23,415 ) Fixed assets, net $ 20,863 $ 16,245 Depreciation expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 1,181 $ 870 $ 3,416 $ 2,530 Sales and marketing 304 281 918 816 General and administrative 245 195 750 706 Product development 133 176 430 567 Total $ 1,863 $ 1,522 $ 5,514 $ 4,619

Capitalized Software

Capitalized Software	9 Months Ended
	Sep. 30, 2015
Research and Development [Abstract]
Capitalized Software	Capitalized Software Capitalized software consisted of the following: September 30, December 31, 2015 2014 (In thousands) Capitalized internal-use software development costs $ 139,447 $ 120,268 Less: Accumulated amortization (95,178 ) (80,470 ) Capitalized software, net $ 44,269 $ 39,798 Amortization expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 4,625 $ 4,369 $ 14,224 $ 13,095 Sales and marketing 51 120 117 217 General and administrative 122 534 367 848 Total $ 4,798 $ 5,023 $ 14,708 $ 14,160

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2015
Accrued Liabilities, Current [Abstract]
Accrued Expenses and Other Current Liabilities	Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following: September 30, December 31, 2015 2014 (In thousands) Accrued employee compensation and related expenses $ 14,148 $ 15,687 Other accrued expenses 13,849 11,287 Total accrued expenses and other current liabilities $ 27,997 $ 26,974

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2015
Income Tax Disclosure [Abstract]
Income Tax	Income Tax The Company recorded an income tax expense of $0.4 million and $1.2 million for the three and nine months ended September 30, 2015 , respectively, despite a pre-tax loss of $6.1 million and $23.2 million , respectively, primarily because the income tax benefit related to the U.S. pre-tax loss generated during the quarter was subject to a valuation allowance. The Company's effective tax rates for the three and nine months ended September 30, 2014 of 29.7% and 28.0% , respectively, differ from the U.S. federal statutory tax rate due primarily to state and foreign income taxes, other non-tax-deductible expenses and stock-based compensation expense, partially offset by research and development tax credits. During the fourth quarter of 2014, the Company determined that it was more-likely-than-not that it would not realize its net deferred tax asset position and recorded a valuation allowance on its net deferred tax assets of $6.4 million . The assessment regarding whether a valuation allowance is required considers both positive and negative evidence when determining whether it is more-likely-than-not that deferred tax assets are recoverable. In making this assessment, significant weight is given to evidence that can be objectively verified. In its evaluation, the Company considered its cumulative loss in recent years and its forecasted losses in the near-term as significant negative evidence. The Company determined that the negative evidence outweighed the positive evidence and a valuation allowance on its net deferred tax assets was established. At September 30, 2015 , the Company continues to maintain a full valuation allowance on net deferred tax assets. The Company will continue to assess the realizability of its deferred tax assets going forward and will adjust the valuation allowance as needed. The Company is routinely under audit by federal, state, local and foreign tax authorities in the area of income tax. These audits include questioning the timing and the amount of income and deductions and the allocation of income and deductions among various tax jurisdictions. The Internal Revenue Service is currently auditing the Company’s federal tax returns for the years ended December 31, 2010 and 2011. Various other jurisdictions are open to examination for various tax years. Management believes it has adequately provided for all uncertain tax positions and any potential audit adjustments would not have a material impact on the Company’s liquidity, results of operations or financial condition. Unrecognized tax benefits totaled $5.1 million and $4.7 million at September 30, 2015 and December 31, 2014 , respectively. Management does not expect that the balance of unrecognized tax benefits will significantly increase or decrease over the next twelve months. If unrecognized tax benefits at September 30, 2015 are subsequently recognized, the Company's income tax expense would be reduced by $4.3 million ( $0.6 million net of the impact of the Company’s valuation allowance), which would have a favorable impact on the effective tax rate.

Debt

Debt	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Debt	Debt Long-term debt consisted of the following: September 30, December 31, 2015 2014 (In thousands) Term Loan Credit Facility $ 78,800 $ 79,400 Term Loan Credit Facility original issue discount (547 ) (667 ) Other financing arrangements — 106 Total debt 78,253 78,839 Less: current portion (Term Loan Credit Facility) (800 ) (800 ) Less: current portion (Other financing arrangements) — (106 ) Total long-term debt $ 77,453 $ 77,933 Based on available market information, the estimated fair value of the Company’s long-term debt was $77.5 million and $78.7 million as of September 30, 2015 and December 31, 2014 , respectively. These fair value measurements were determined using Level 2 observable inputs, as defined in Note 2. The estimated fair value of the Company’s other financing arrangements approximates the carrying value at each reporting period. On February 24, 2014, the Company refinanced all of the outstanding indebtedness under its prior credit facility with the proceeds of its Term Loan Credit Facility. The Term Loan Credit Facility provides for an $80.0 million , 5 -year term loan and bears interest at a base rate (as defined in the Term Loan Credit Facility) plus a margin of 5.25% per annum with a 2.00% floor for an effective interest rate of 7.25% . There is a $0.2 million principal payment due on the last day of each quarter, which commenced on June 30, 2014, with the balance due in a final installment on February 24, 2019. On February 24, 2014, the Company also entered into a Revolving Credit Facility that provides for commitments of up to $15.0 million for general corporate purposes, working capital, certain investments, acquisitions and letters of credit. Loan drawings under the Revolving Credit Facility are subject to a further cap based on the Company’s borrowing base, which is equal to 85% of its eligible accounts receivable, minus customary reserves established by the Company’s lender. In addition, following the June 2014 amendment of this facility, up to 50% of the Company's eligible accounts receivable can be made up of account debtors of the Company based in certain European countries. Loans under the Revolving Credit Facility bear interest at the Eurodollar rate plus 2.50% . Further, following the November 2015 amendment of this facility, the Company may request letters of credit from the lender in certain currencies other than the U.S. Dollar, with all amounts payable under the Revolving Credit Facility, including principal, interest, reimbursement obligations and fees, remaining payable in U.S. Dollars. Under the Revolving Credit Facility, the Company pays a commitment fee in arrears on the first business day of each fiscal quarter of 0.50% on the average daily unused balance for the preceding quarter under this facility. The Revolving Credit Facility matures and the commitments thereunder terminate on the earlier of February 24, 2019 and the date that is six months prior to the maturity date of the Term Loan Credit Facility. Available borrowings under the Revolving Credit Facility are reduced by any outstanding letters of credits issued on behalf of the Company under this facility. As of September 30, 2015 , the Company had $2.9 million in outstanding letters of credit issued under its Revolving Credit Facility. Debt issuance costs of approximately $2.8 million related to the Term Loan Credit Facility and the Revolving Credit Facility (collectively, the "Credit Facilities") were deferred and are being amortized on a straight-line basis over the term of the loans. At September 30, 2015 , unamortized debt issuance costs of $0.6 million and $1.4 million were recorded within "Other current assets" and "Other assets (non-current)," respectively, on the Consolidated Balance Sheet. Each of the Credit Facilities is secured by liens on substantially all of the Company's assets. The Revolving Credit Facility is secured by a first lien on cash, accounts receivable and certain other liquid collateral and a second lien on other assets. The Term Loan Credit Facility is secured by a second lien on cash, accounts receivable and certain other liquid collateral and a first lien on other assets. The Credit Facilities include covenants that restrict certain activities by the Company, as well as require the Company to comply with certain financial ratios such as a Consolidated Net Leverage Ratio and a springing Fixed Charge Coverage Ratio, as these terms are defined in the agreements governing the Credit Facilities. The agreements governing the Credit Facilities also contain other affirmative and negative covenants with which the Company is required to comply. The Term Loan Credit Facility requires partial prepayment of a portion of the principal outstanding in the event that the Company generates Consolidated Excess Cash Flow (as defined under the Term Loan Credit Facility) in excess of a certain threshold. This determination is to be made 90 days following the end of the preceding fiscal year, with any payment, if required 105 days following the end of the preceding fiscal year. The Company was in compliance with all applicable covenants set forth in the Credit Facilities as of September 30, 2015 and there was no required prepayment for the year ended December 31, 2014 .

Employee Stock Plans

Employee Stock Plans	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Employee Stock Plans	Employee Stock Plans Stock-based compensation expense is measured at the grant date, based on the fair value of the award and recognized as expense over the requisite service period, net of an estimated forfeiture rate. The Company maintains several stock-based compensation plans, which are more fully described in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2014 . During 2015, the Company granted 582,026 restricted stock units with market conditions pursuant to the Company's 2010 Equity Incentive Plan. Vesting of these awards is based upon the achievement of specified stock performance and service thresholds. The Company performed a Monte-Carlo simulation to calculate the awards' grant date fair values of $4.3 million , which will be recognized over the requisite service periods. In June 2015, 94,000 of these restricted stock units, which had a grant date fair value of $0.8 million , were forfeited as a result of changes to the Company's executive leadership team. Stock-based compensation expense related to all of the Company’s stock awards is included in operating expense categories, as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 142 $ 151 $ 358 $ 423 Sales and marketing 487 549 1,537 1,377 General and administrative 2,086 1,703 6,002 4,779 Product development 353 384 1,035 1,105 Total $ 3,068 $ 2,787 $ 8,932 $ 7,684

Net Loss Per Share

Net Loss Per Share	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Net Loss per Share	Net Loss per Share The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net loss per common share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net loss (in thousands) $ (6,561 ) $ (4,351 ) $ (24,404 ) $ (15,403 ) Denominator: Weighted-average shares used to compute basic net loss per share 57,446,774 56,001,583 56,970,515 55,799,506 Effect of dilutive options, unvested shares of restricted stock awards and unvested restricted stock units — — — — Weighted-average shares used to compute diluted net loss per share 57,446,774 56,001,583 56,970,515 55,799,506 Net loss per share: Basic $ (0.11 ) $ (0.08 ) $ (0.43 ) $ (0.28 ) Diluted $ (0.11 ) $ (0.08 ) $ (0.43 ) $ (0.28 ) The following outstanding options to purchase common stock, unvested shares of restricted stock awards and unvested restricted stock units were excluded from the computation of diluted net loss per share for the periods presented as their inclusion would have been anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Options to purchase common stock 4,170,107 4,981,517 4,170,107 4,981,517 Unvested shares of restricted stock awards 562,055 586,205 562,055 586,205 Unvested shares of restricted stock units 2,143,793 1,850,244 2,143,793 1,850,244

Contingencies

Contingencies	9 Months Ended
	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies In the ordinary course of business, the Company and its subsidiaries are subject to various claims, charges, disputes, litigation and regulatory inquiries and investigations. The Company establishes reserves for specific legal matters when it determines that the likelihood of an unfavorable outcome is probable and the loss is reasonably estimable. Management has also identified certain other legal matters where it believes an unfavorable outcome is not probable and, therefore, no reserve is established. Although management currently believes that resolving claims against the Company, including claims where an unfavorable outcome is reasonably possible, will not have a material impact on the Company's liquidity, results of operations or financial condition, these matters are subject to inherent uncertainties and management's view of these matters may change in the future. The Company also evaluates other contingent matters, including income and non-income tax contingencies, to assess the likelihood of an unfavorable outcome and estimated extent of potential loss. These matters, if resolved adversely against the Company, may result in monetary damages, fines and penalties or require changes in business practices. It is possible that an unfavorable outcome of one or more of these lawsuits or other contingencies could have a material impact on the Company's liquidity, results of operations or financial condition. Legal Proceedings The Company is not currently aware of any pending or threatened material claims, charges, disputes, litigation and regulatory inquiries and investigations except as follows: Securities Class Action. On December 5, 2011, the Company became aware of a purported class action lawsuit filed in the U.S. District Court for the Southern District of New York (the “SDNY” or the “Court”) against the Company and certain of its current and former executive officers (the “Securities Class Action”). The initial complaint (the “Wallace Complaint”) alleges that the defendants made false and misleading statements or omissions about the Company’s business prospects, financial condition and performance in violation of the Securities Exchange Act of 1934, as amended. The plaintiff seeks unspecified compensatory damages for the purported class of purchasers of the Company’s common stock during the period from February 17, 2011 through November 10, 2011 (the “Allegation Period”). On December 27, 2011, a second purported class action complaint, which makes substantially the same claims as, and is related to, the Wallace Complaint, was filed in the SDNY against the Company and certain of its current and former executive officers seeking similar unspecified compensatory damages for the Allegation Period. On April 3, 2012, the Court consolidated the actions and appointed Plumbers and Pipefitters National Pension Fund as lead plaintiff, and also appointed lead counsel in the consolidated action (“Consolidated Class Action”). On June 15, 2012, the lead plaintiff filed an amended complaint (“Consolidated Class Action Complaint”) that, in addition to the original allegations made in the Wallace Complaint, alleges that the Company, certain of its current and former officers and directors, and the underwriters in IntraLinks’ April 6, 2011 stock offering issued a registration statement and prospectus in connection with the offering that contained untrue statements of material fact or omitted material information required to be stated therein in violation of the Securities Act of 1933, as amended. The defendants filed motions to dismiss the action on July 31, 2012. On May 8, 2013, the Court issued an opinion dismissing claims based on certain allegations in the complaint, but otherwise denied defendants’ motions to dismiss. On June 28, 2013, defendants filed their answers to the Consolidated Class Action Complaint. On February 18, 2014, lead plaintiff filed its motion for class certification. On September 30, 2014, the Court issued an opinion certifying a class of all persons who purchased IntraLinks stock between February 17, 2011 and November 11, 2011 and a subclass of persons who purchased IntraLinks stock pursuant or traceable to the Company’s April 6, 2011 offering. On October 14, 2014, the defendants filed a petition in the U.S. Court of Appeals for the Second Circuit for permission to appeal the September 30, 2014 opinion granting plaintiff’s motion for class certification. On December 30, 2014, the Second Circuit denied defendants’ petition. On March 12, 2015, the Court suspended the remaining deadlines in the current scheduling order pending mediation. On July 30, 2015, the Company and the other defendants entered into a stipulation and agreement of settlement (“Settlement”), which was filed with the Court on July 31, 2015. The Settlement provides for the resolution of all of the pending claims in the Securities Class Action, without any admission or concession of wrongdoing or liability by the Company or the other defendants. The Company and the other defendants continue to maintain that they have meritorious defenses to all claims alleged in the Securities Class Action. The Company and the other defendants agreed to the Settlement to avoid further expense, inconvenience, and the distraction and inherent risks of burdensome and protracted litigation. Pursuant to the Settlement, the defendants agreed to pay $14.0 million (the “Settlement Amount”) for a full and complete release of all claims that were or could have been asserted against the Company or the other defendants in the Securities Class Action. On July 31, 2015, the Court issued an order preliminarily approving the Settlement and setting a date of November 12, 2015 for the final approval hearing. The Settlement is subject to final approval by the Court and certain other conditions. The full Settlement Amount was paid for and covered by the Company’s insurers pursuant to the applicable insurance policies. As of September 30, 2015, the Company's insurers had funded $13.9 million into the escrow account and as such, the Company had a liability of $0.1 million , which was included within "Accrued expenses and other liabilities" and a receivable of $0.1 million , which was included within "Other current assets" on the Consolidated Balance Sheet at September 30, 2015 . As of October 30, 2015, the Company's insurers had fully funded the Settlement Amount into the escrow account. Horbal Derivative Action. On April 16, 2012, a shareholder derivative complaint (the “Horbal Action”) was filed in the Supreme Court of the State of New York in New York County (“New York State Court”) against the Company and certain of its current and former directors and officers. The complaint alleges that the defendants breached their fiduciary duties by causing the Company to issue materially false and misleading statements about the Company’s business operations and financial condition during the same Allegation Period alleged in the Consolidated Class Action Complaint. On April 24, 2012, one of the director defendants removed the Horbal Action to the SDNY, and on May 22, 2012, the plaintiff moved to remand the case to New York State Court. On March 11, 2013, the SDNY granted plaintiff’s motion to remand, and the case is currently pending in New York State Court. On June 6, 2013, the parties filed a stipulation with the New York State Court agreeing to stay all proceedings in the Horbal Action, including discovery, until ninety days after the SDNY issues a scheduling order in the Consolidated Class Action. On January 13, 2014, the parties filed a stipulation with the New York State Court agreeing to work together on a schedule for defendants’ time to answer, move against or otherwise respond to the complaint or an amended complaint. On June 6, 2014, plaintiff filed an amended complaint that continues to assert the same claims against the same defendants. Defendants filed their motions to dismiss the amended complaint on July 14, 2014. On February 4, 2015, following oral argument, the New York State Court announced from the bench that it would grant defendants’ motions to dismiss. On February 19, 2015, the director defendants served plaintiff with a notice of entry of that dismissal, and on March 20, 2015, plaintiff filed a notice of appeal. We believe the claims in the Horbal Action are without merit and intend to defend this lawsuit vigorously. Levine Shareholder Demand Letter/Complaint . The Company received a shareholder demand letter, dated May 16, 2013, demanding that the Company’s Board take action to remedy alleged breaches of fiduciary duty by current and former directors and officers of the Company. These alleged breaches are based on the same alleged misconduct in the complaints in the Horbal and Consolidated Class Actions. The letter specifically demands that the Company’s Board undertake an independent internal investigation into the alleged breaches and commence a civil action against each of the allegedly breaching current and former directors and officers. On June 26, 2013, the Company’s Board created a Demand Committee to conduct an investigation into the allegations in the letter. On December 13, 2013, the shareholder filed a derivative complaint (the “Levine Action”) in New York State Court against the Company and certain of its current and former directors and officers. The Levine Action alleges that since the Company’s Board has not responded substantively to the shareholder’s demand letter in over six months, this has resulted in an improper “functional refusal” of the demand. The Levine Action makes substantially the same claims as, and is related to, the Horbal and Consolidated Class Actions. It alleges, among other things, that the defendants breached their fiduciary duties by making materially false and misleading statements related to the strength of the Company’s business and customer satisfaction. On March 27, 2014, counsel for the Demand Committee sent a letter to shareholder’s counsel stating that after thorough investigation of the allegations in the demand letter, the Board concluded that taking any or all of the demanded actions would not serve the best interests of the Company and its shareholders, and voted unanimously to reject the demand. Pursuant to a stipulation filed on June 2, 2014, the defendants filed motions to dismiss the action on July 2, 2014. On February 4, 2015, following oral argument, the New York State Court announced from the bench that it would grant the defendants’ motions to dismiss, without prejudice. On May 20, 2015, Larry Levine filed a new derivative complaint (“Second Levine Action”) under a different docket number in New York State Court against the Company and certain of its current and former directors and officers. The Second Levine Action makes substantially the same claims as in the prior Levine Action, but adds allegations that the prior shareholder demand was wrongfully refused. Pursuant to a stipulation filed on June 2, 2015, the defendants filed motions to dismiss the action on June 26, 2015. Plaintiff filed his opposition on July 20, 2015 and defendants filed their replies on July 31, 2015. Oral argument on the motions to dismiss the Second Levine Action had been scheduled for October 22, 2015. The court adjourned the October 22, 2015 date for oral argument on the motions to dismiss the Second Levine Action and a new date has not yet been scheduled. We believe the claims in the Second Levine Action are without merit and intend to defend this lawsuit vigorously. Due to the state of the Horbal Action and the Second Levine Action and the nature of the potential claims, a range of loss cannot be determined at this time.

Intralinks Holdings, Inc. and18

Intralinks Holdings, Inc. and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Consolidated Financial Statements include the accounts of Intralinks Holdings, Inc. and its subsidiaries (collectively, the "Company"). All intercompany balances and transactions have been eliminated. The accompanying unaudited Consolidated Financial Statements have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") for interim financial information and with the rules and regulations of the Securities and Exchange Commission ("SEC"). Accordingly, certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted pursuant to such SEC rules and regulations. In the opinion of management, the accompanying unaudited Consolidated Financial Statements contain all normal and recurring adjustments necessary for the fair statement of the Company's consolidated financial position, results of operations and cash flows for the interim periods presented. Interim results are not necessarily indicative of the results to be expected for a full year. The financial statements contained herein are unaudited and should be read in conjunction with the Company’s audited Consolidated Financial Statements and related notes included in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2014 .
Use of Estimates	Use of Estimates The preparation of the Company's Consolidated Financial Statements in conformity with U.S. GAAP requires management to make certain estimates, judgments and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the Consolidated Financial Statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ materially from those estimates. On an ongoing basis, the Company evaluates its estimates and assumptions including those related to the determination of the fair value of stock-based awards including estimated forfeitures of such awards, the fair value of the Company's single reporting unit, the recoverability of its definite-lived intangible assets, capitalized software and fixed assets (and their related useful lives), certain components of the income tax provision, including the valuation allowance on deferred tax assets, allowances for doubtful accounts and reserves for customer credits and accruals for certain compensation expenses. The Company bases its estimates, judgments and assumptions on historical experience, its forecasts and budgets and on various other factors that it believes to be reasonable under the circumstances.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2014-09, Revenue from Contracts with Customers ("ASU 2014-09"), which outlines a single comprehensive model for entities to use in accounting for revenue. ASU 2014-09 supersedes current revenue recognition guidance and requires an entity to recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. Entities have the option of using either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. In August 2015, the FASB issued ASU 2015-14, Revenue from Contracts with Customers (Topic 606): Deferral of the Effective Date . The amendment in this update deferred the effective date of implementation of ASU 2014-09 by one year and is now effective for annual and interim reporting periods beginning after December 15, 2017. The Company is currently evaluating the impact of the adoption of this standard on its Consolidated Financial Statements. In June 2014, the FASB issued ASU 2014-12, Stock Compensation ("ASU 2014-12"), which provides guidance on accounting for share-based payment awards when the terms of an award provide that a performance target could be achieved after the requisite service period. ASU 2014-12 clarifies that performance targets that can be achieved after the requisite service period of a share-based payment award be treated as performance conditions that affect vesting. These awards should be accounted for under Accounting Standards Codification Topic 718, Compensation - Stock Compensation , and existing guidance should be applied as it relates to awards with performance conditions that affect vesting. ASU 2014-12 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company is currently evaluating the impact of the adoption of this standard, if any, on its Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-03, Interest-Imputation of Interest: Simplifying the Presentation of Debt Issuance Costs ("ASU 2015-03"), which requires an entity to present debt issuance costs on the balance sheet as a direct deduction from the related liability rather than as an asset. ASU 2015-03 is effective for annual and interim reporting periods beginning after December 15, 2015. In August 2015, the FASB issued ASU 2015-15, Interest-Imputation of Interest: Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements , which clarifies that the SEC staff would not object to an entity deferring and presenting debt issuance costs as an asset and subsequently amortizing the deferred debt issuance costs ratably over the term of the line-of-credit arrangement, regardless of whether there are outstanding borrowings on the line-of-credit. ASU 2015-03 will be applied on a retrospective basis and will not have a material impact on the Company's Consolidated Financial Statements. In April 2015, the FASB issued ASU 2015-05, Intangibles-Goodwill and Other-Internal-Use Software: Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement ("ASU 2015-05"), which provides guidance about whether a cloud computing arrangement includes a software license. If a cloud computing arrangement does not include a software license, the Company should account for the arrangement as a service contract. ASU 2015-05 is effective for annual and interim reporting periods beginning after December 15, 2015. The Company is currently evaluating the impact of the adoption of this standard, if any, on its Consolidated Financial Statements.

Investments and Fair Value Me19

Investments and Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2015
Fair Value Disclosures [Abstract]
Held-to-maturity Securities	The following tables summarize these investments: September 30, 2015 Security Type Remaining Maturity Consolidated Balance Sheet Classification Amortized Cost (In thousands) Corporate Securities 1 to 294 Days Investments (current) $ 17,481 December 31, 2014 Security Type Remaining Maturity Consolidated Balance Sheet Classification Amortized Cost (In thousands) Corporate Securities 9 to 349 Days Investments (current) $ 11,825 Corporate Securities 380 to 567 Days Investments (non-current) 12,630 Total $ 24,455
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis	The following tables present the Company's financial instruments that are measured at fair value on a recurring basis: September 30, 2015 Total Level 1 Level 2 Level 3 (In thousands) Asset: Money market funds as cash equivalents $ 12,056 $ 12,056 $ — $ — December 31, 2014 Total Level 1 Level 2 Level 3 (In thousands) Asset: Money market funds as cash equivalents $ 13,851 $ 13,851 $ — $ —

Goodwill and Other Intangibles

Goodwill and Other Intangibles (Tables)	9 Months Ended
	Sep. 30, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Finite-Lived Intangible Assets by Major Class	At September 30, 2015 , other intangibles consisted of the following: Definite–Lived Intangible Assets Gross Carrying Value Accumulated Amortization Net Carrying Value (In thousands) Customer relationships $ 141,973 $ (117,592 ) $ 24,381 Developed technology 134,542 (119,551 ) 14,991 Trade name 14,629 (10,111 ) 4,518 Non-compete agreements 1,337 (1,133 ) 204 Total $ 292,481 $ (248,387 ) $ 44,094 At December 31, 2014 , other intangibles consisted of the following: Definite–Lived Intangible Assets Gross Carrying Value Accumulated Amortization Net Carrying Value (In thousands) Customer relationships $ 141,973 $ (106,944 ) $ 35,029 Developed technology 134,542 (113,303 ) 21,239 Trade name 14,629 (9,198 ) 5,431 Non-compete agreements 1,337 (981 ) 356 Total $ 292,481 $ (230,426 ) $ 62,055
Allocation Of Amortization Expense For Other Intangible Assets	Intangible amortization expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 2,083 $ 2,089 $ 6,248 $ 6,123 Sales and marketing 3,549 3,544 10,648 10,645 General and administrative 354 356 1,065 1,035 Total $ 5,986 $ 5,989 $ 17,961 $ 17,803
Schedule of Expected Amortization Expense	At September 30, 2015 , amortization expense on an annual basis for the succeeding five years and thereafter is estimated to be as follows: Amount (In thousands) 2015 remaining $ 5,988 2016 23,866 2017 11,799 2018 1,629 2019 716 Thereafter 96 Total $ 44,094

Fixed Assets (Tables)

Fixed Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Property Plant and Equipment Income Statement Disclosures [Abstract]
Property, Plant and Equipment	Fixed assets consisted of the following: September 30, December 31, 2015 2014 (In thousands) Computer equipment and software $ 36,644 $ 29,029 Furniture, fixtures and office equipment 3,063 3,683 Leasehold improvements 6,243 6,948 Total fixed assets 45,950 39,660 Less: Accumulated depreciation and amortization (25,087 ) (23,415 ) Fixed assets, net $ 20,863 $ 16,245 Depreciation expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 1,181 $ 870 $ 3,416 $ 2,530 Sales and marketing 304 281 918 816 General and administrative 245 195 750 706 Product development 133 176 430 567 Total $ 1,863 $ 1,522 $ 5,514 $ 4,619

Capitalized Software (Tables)

Capitalized Software (Tables)	9 Months Ended
	Sep. 30, 2015
Research and Development [Abstract]
Capitalized Software	Capitalized software consisted of the following: September 30, December 31, 2015 2014 (In thousands) Capitalized internal-use software development costs $ 139,447 $ 120,268 Less: Accumulated amortization (95,178 ) (80,470 ) Capitalized software, net $ 44,269 $ 39,798 Amortization expense is classified in each of the operating expense categories as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 4,625 $ 4,369 $ 14,224 $ 13,095 Sales and marketing 51 120 117 217 General and administrative 122 534 367 848 Total $ 4,798 $ 5,023 $ 14,708 $ 14,160

Accrued Expenses and Other Cu23

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Accrued Liabilities, Current [Abstract]
Schedule of Accrued Liabilities	Accrued expenses and other current liabilities consisted of the following: September 30, December 31, 2015 2014 (In thousands) Accrued employee compensation and related expenses $ 14,148 $ 15,687 Other accrued expenses 13,849 11,287 Total accrued expenses and other current liabilities $ 27,997 $ 26,974

Debt (Tables)

Debt (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Long-term Debt Instruments	Long-term debt consisted of the following: September 30, December 31, 2015 2014 (In thousands) Term Loan Credit Facility $ 78,800 $ 79,400 Term Loan Credit Facility original issue discount (547 ) (667 ) Other financing arrangements — 106 Total debt 78,253 78,839 Less: current portion (Term Loan Credit Facility) (800 ) (800 ) Less: current portion (Other financing arrangements) — (106 ) Total long-term debt $ 77,453 $ 77,933

Employee Stock Plans (Tables)

Employee Stock Plans (Tables)	9 Months Ended
	Sep. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	Stock-based compensation expense related to all of the Company’s stock awards is included in operating expense categories, as follows: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 (In thousands) Cost of revenue $ 142 $ 151 $ 358 $ 423 Sales and marketing 487 549 1,537 1,377 General and administrative 2,086 1,703 6,002 4,779 Product development 353 384 1,035 1,105 Total $ 3,068 $ 2,787 $ 8,932 $ 7,684

Net Loss Per Share (Tables)

Net Loss Per Share (Tables)	9 Months Ended
	Sep. 30, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table provides a reconciliation of the numerator and denominator used in computing basic and diluted net loss per common share: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net loss (in thousands) $ (6,561 ) $ (4,351 ) $ (24,404 ) $ (15,403 ) Denominator: Weighted-average shares used to compute basic net loss per share 57,446,774 56,001,583 56,970,515 55,799,506 Effect of dilutive options, unvested shares of restricted stock awards and unvested restricted stock units — — — — Weighted-average shares used to compute diluted net loss per share 57,446,774 56,001,583 56,970,515 55,799,506 Net loss per share: Basic $ (0.11 ) $ (0.08 ) $ (0.43 ) $ (0.28 ) Diluted $ (0.11 ) $ (0.08 ) $ (0.43 ) $ (0.28 )
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share	The following outstanding options to purchase common stock, unvested shares of restricted stock awards and unvested restricted stock units were excluded from the computation of diluted net loss per share for the periods presented as their inclusion would have been anti-dilutive: Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Options to purchase common stock 4,170,107 4,981,517 4,170,107 4,981,517 Unvested shares of restricted stock awards 562,055 586,205 562,055 586,205 Unvested shares of restricted stock units 2,143,793 1,850,244 2,143,793 1,850,244

Investments and Fair Value Me27

Investments and Fair Value Measurements (Details) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Amortized Cost		$ 24,455
Corporate Securities [Member] | Investments (Current) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Amortized Cost	$ 17,481	$ 11,825
Corporate Securities [Member] | Investments (Current) [Member] | Minimum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to -maturity Securities, Remaining Maturity	1 day	9 days
Corporate Securities [Member] | Investments (Current) [Member] | Maximum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to -maturity Securities, Remaining Maturity	294 days	349 days
Corporate Securities [Member] | Investments (Non-Current) [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held-to-maturity Securities, Amortized Cost		$ 12,630
Corporate Securities [Member] | Investments (Non-Current) [Member] | Minimum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to -maturity Securities, Remaining Maturity		380 days
Corporate Securities [Member] | Investments (Non-Current) [Member] | Maximum [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Held to -maturity Securities, Remaining Maturity		567 days

Investments and Fair Value Me28

Investments and Fair Value Measurements (Level 1, 2 and 3 Inputs) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cost method investments	$ 4,500	$ 3,500
Assets [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds as cash equivalents	12,056	13,851
Level 1 [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds as cash equivalents	12,056	13,851
Level 2 [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds as cash equivalents	0	0
Level 3 [Member] | Assets [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Money market funds as cash equivalents	$ 0	$ 0

Goodwill and Other Intangible29

Goodwill and Other Intangibles (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 224,383	$ 224,383

Goodwill and Other Intangible30

Goodwill and Other Intangibles (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Components of Intangible Assets [Abstract]
Gross Carrying Value	$ 292,481		$ 292,481		$ 292,481
Accumulated Amortization	(248,387)		(248,387)		(230,426)
Net Carrying Value	44,094		44,094		62,055
Amortization of intangible assets	5,986	$ 5,989	17,961	$ 17,803
Cost of revenue [Member]
Components of Intangible Assets [Abstract]
Amortization of intangible assets	2,083	2,089	6,248	6,123
Sales and marketing [Member]
Components of Intangible Assets [Abstract]
Amortization of intangible assets	3,549	3,544	10,648	10,645
General and administrative [Member]
Components of Intangible Assets [Abstract]
Amortization of intangible assets	354	$ 356	1,065	$ 1,035
Customer relationships [Member]
Components of Intangible Assets [Abstract]
Gross Carrying Value	141,973		141,973		141,973
Accumulated Amortization	(117,592)		(117,592)		(106,944)
Net Carrying Value	24,381		24,381		35,029
Developed technology [Member]
Components of Intangible Assets [Abstract]
Gross Carrying Value	134,542		134,542		134,542
Accumulated Amortization	(119,551)		(119,551)		(113,303)
Net Carrying Value	14,991		14,991		21,239
Trade name [Member]
Components of Intangible Assets [Abstract]
Gross Carrying Value	14,629		14,629		14,629
Accumulated Amortization	(10,111)		(10,111)		(9,198)
Net Carrying Value	4,518		4,518		5,431
Non-compete agreement [Member]
Components of Intangible Assets [Abstract]
Gross Carrying Value	1,337		1,337		1,337
Accumulated Amortization	(1,133)		(1,133)		(981)
Net Carrying Value	$ 204		$ 204		$ 356

Goodwill and Other Intangible31

Goodwill and Other Intangibles (Future Amortization Expense) (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
2015 remaining	$ 5,988
2,016	23,866
2,017	11,799
2,018	1,629
2,019	716
Thereafter	96
Net Carrying Value	$ 44,094	$ 62,055

Fixed Assets (Details)

Fixed Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Total fixed assets	$ 45,950		$ 45,950		$ 39,660
Less: Accumulated depreciation and amortization	(25,087)		(25,087)		(23,415)
Fixed assets, net	20,863		20,863		16,245
Depreciation expense	1,863	$ 1,522	5,514	$ 4,619
Cost of revenue [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	1,181	870	3,416	2,530
Sales and marketing [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	304	281	918	816
General and administrative [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	245	195	750	706
Product development [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	133	$ 176	430	$ 567
Computer equipment and software [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets	36,644		36,644		29,029
Furniture, fixtures and office equipment [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets	3,063		3,063		3,683
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Total fixed assets	$ 6,243		$ 6,243		$ 6,948

Capitalized Software (Details)

Capitalized Software (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Impaired Intangible Assets [Line Items]
Capitalized internal-use software development costs	$ 139,447		$ 139,447		$ 120,268
Less: Accumulated amortization	(95,178)		(95,178)		(80,470)
Capitalized software, net	44,269		44,269		$ 39,798
Amortization expense	4,798	$ 5,023	14,708	$ 14,160
Cost of revenue [Member]
Impaired Intangible Assets [Line Items]
Amortization expense	4,625	4,369	14,224	13,095
Sales and marketing [Member]
Impaired Intangible Assets [Line Items]
Amortization expense	51	120	117	217
General and administrative [Member]
Impaired Intangible Assets [Line Items]
Amortization expense	$ 122	$ 534	$ 367	$ 848

Accrued Expenses and Other Cu34

Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Accrued Liabilities, Current [Abstract]
Accrued employee compensation and related expenses	$ 14,148	$ 15,687
Other accrued expenses	13,849	11,287
Total accrued expenses and other current liabilities	$ 27,997	$ 26,974

Income Tax (Narrative) (Details

Income Tax (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income tax expense (benefit)	$ 420	$ (1,836)	$ 1,164	$ (5,989)
Net loss before income tax	6,141	$ 6,187	23,240	$ 21,392
Effective tax rate		29.70%		28.00%
Deferred tax assets, valuation allowance					$ 6,400
Unrecognized tax benefits	5,100		5,100		$ 4,700
Unrecognized tax benefits that would impact effective tax rate	4,300		4,300
Effect on income tax expense net of valuation allowance	$ 600		$ 600

Debt (Details)

Debt (Details) - USD ($)	Feb. 24, 2014	Jun. 30, 2014	Sep. 30, 2015	Dec. 31, 2014
Long-term Debt, by Current and Noncurrent [Abstract]
Term Loan Credit Facility			$ 78,800,000	$ 79,400,000
Term Loan Credit Facility original issue discount			(547,000)	(667,000)
Other financing arrangements			0	106,000
Total debt			78,253,000	78,839,000
Total long-term debt			77,453,000	77,933,000
Long-term Debt, Other Disclosures [Abstract]
Letters of credit outstanding, amount			2,900,000
Revolving Credit Facility [Member]
Long-term Debt, Other Disclosures [Abstract]
Revolving line of credit maximum	$ 15,000,000
First Lien Credit Facility [Member]
Long-term Debt, by Current and Noncurrent [Abstract]
Less: current portion			(800,000)	(800,000)
Long-term Debt, Other Disclosures [Abstract]
Fair value of long-term debt			77,500,000	78,700,000
First Lien Credit Facility [Member] | Revolving Credit Facility [Member]
Long-term Debt, Other Disclosures [Abstract]
Borrowing base, percentage of accounts receivable	85.00%	50.00%
Unused capacity, commitment fee percentage	0.50%
First Lien Credit Facility [Member] | Term Loan [Member]
Long-term Debt, Other Disclosures [Abstract]
Face amount	$ 80,000,000
Loan term	5 years
Principal payment	$ 200,000
First Lien Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Term Loan [Member]
Long-term Debt, Other Disclosures [Abstract]
Basis spread	5.25%
Floor on variable rate	2.00%
Interest rate percentage at end of period	7.25%
First Lien Credit Facility [Member] | Eurodollar [Member] | Revolving Credit Facility [Member]
Long-term Debt, Other Disclosures [Abstract]
Basis spread	2.50%
Other Financing Arrangements [Member]
Long-term Debt, by Current and Noncurrent [Abstract]
Less: current portion			0	$ (106,000)
Long-term Debt, Other Disclosures [Abstract]
Debt issuance cost			$ 2,800,000
Covenant compliance, period for determination of excess cash flow			90 days
Covenant compliance, period for partial prepayment			105 days
Other Financing Arrangements [Member] | Other Current Assets [Member]
Long-term Debt, Other Disclosures [Abstract]
Unamortized debt issuance expense			$ 600,000
Other Financing Arrangements [Member] | Other Noncurrent Assets [Member]
Long-term Debt, Other Disclosures [Abstract]
Unamortized debt issuance expense			$ 1,400,000

Employee Stock Plans (Stock Bas

Employee Stock Plans (Stock Based Compensation) (Details) - USD ($) $ in Thousands	1 Months Ended	3 Months Ended		9 Months Ended
	Jun. 30, 2015	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 3,068	$ 2,787	$ 8,932	$ 7,684
Cost of revenue [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		142	151	358	423
Sales and marketing [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		487	549	1,537	1,377
General and administrative [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		2,086	1,703	6,002	4,779
Product development [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation expense		$ 353	$ 384	$ 1,035	$ 1,105
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Grants in period (in shares)				582,026
Fair value of market based award				$ 4,300
Restricted stock units forfeited (in shares)	94,000
Fair value of restricted stock units forfeited	$ 800

Net Loss Per Share (Details)

Net Loss Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Weighted Average Number Diluted Shares Outstanding Adjustment Abstract [Line Items]
Net loss	$ (6,561)	$ (4,351)	$ (24,404)	$ (15,403)
Weighted-average shares used to compute basic net loss per share	57,446,774	56,001,583	56,970,515	55,799,506
Effect of dilutive options, unvested shares of restricted stock awards and restricted stock units	0	0	0	0
Weighted-average shares used to compute diluted net loss per share	57,446,774	56,001,583	56,970,515	55,799,506
Net loss per share:
Basic (in dollars per share)	$ (0.11)	$ (0.08)	$ (0.43)	$ (0.28)
Diluted (in dollars per share)	$ (0.11)	$ (0.08)	$ (0.43)	$ (0.28)
Options To Purchase Common Stock [Member]
Net loss per share:
Antidilutive securities excluded from computation of diluted net loss per share	4,170,107	4,981,517	4,170,107	4,981,517
Unvested Shares Of Restricted Stock Awards [Member]
Net loss per share:
Antidilutive securities excluded from computation of diluted net loss per share	562,055	586,205	562,055	586,205
Unvested Shares Of Restricted Stock Units [Member]
Net loss per share:
Antidilutive securities excluded from computation of diluted net loss per share	2,143,793	1,850,244	2,143,793	1,850,244

Contingencies - Narrative (Deta

Contingencies - Narrative (Details) - USD ($) $ in Thousands	Jul. 31, 2015	Sep. 30, 2015
Commitments and Contingencies Disclosure [Abstract]
Litigation settlement, amount	$ 14,000
Escrow amount funded by insurer		$ 13,900
Litigation settlement liability		50
Insurance settlements receivable		$ 100