Textura (TXTR) 10-Q 8 May 15 2015 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information Document	3 Months Ended
	Mar. 31, 2015	Apr. 24, 2015
Document and Entity Information [Abstract]
Common Stock, Shares, Outstanding	25,677,000
Entity Registrant Name	Textura Corporation
Entity Central Index Key	1565337
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Document Type	10-Q
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1
Amendment Flag	FALSE
Entity Common Stock, Shares Outstanding		25,676,893

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current assets
Cash and cash equivalents	$67,490	$66,758
Accounts receivable, net of allowance for doubtful accounts of _____ and $254 at March 31, 2015 and December 31, 2014, respectively	7,609	8,274
Prepaid expenses and other current assets	1,117	1,163
Total current assets	76,216	76,195
Property and equipment, net	28,595	26,103
Restricted cash	2,180	1,780
Goodwill	52,848	52,848
Intangible assets, net	11,079	12,132
Other assets	308	226
Total assets	171,226	169,284
Current liabilities
Accounts payable	1,969	1,699
Accrued expenses	9,345	9,874
Deferred revenue, short-term	33,813	31,923
Notes and leases payable, short-term	186	412
Total current liabilities	45,313	43,908
Deferred revenue, long-term	4,100	3,660
Other long-term liabilities	1,087	1,028
Total liabilities	50,500	48,596
Stockholders’ equity
Common stock, $.001 par value; 90,000 shares authorized; _______ and 26,247 shares issued and ______ and 25,588 shares outstanding at March 31, 2015 and December 31, 2014, respectively	26	26
Additional paid in capital	343,435	340,344
Treasury stock, at cost; ____ and 659 shares at March 31, 2015 and December 31, 2014, respectively	-9,867	-9,923
Accumulated other comprehensive loss	-382	-340
Accumulated deficit	-212,486	-209,419
Stockholders' Equity Attributable to Parent	120,726	120,688
Total liabilities, redeemable securities and stockholders’ equity	$171,226	$169,284

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Statement of Financial Position [Abstract]
Preferred stock, par value	$0.00	$0.00
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Net Income (Loss) Available to Common Stockholders, Basic	($3,067)	($7,359)
Revenues	19,201	13,787
Operating expenses
Cost of services (exclusive of depreciation and amortization shown separately below)	3,578	2,882
General and administrative	6,832	6,055
Sales and marketing	5,193	4,843
Technology and development	4,709	5,356
Depreciation and amortization	1,876	1,886
Total operating expenses	22,188	21,022
Loss from operations	-2,987	-7,235
Other expense, net
Interest income and other expense, net	15	18
Interest expense	-11	-43
Total other expense, net	4	-25
Loss before income taxes	-2,983	-7,260
Income tax provision	84	80
Net loss	-3,067	-7,340
Less: Net loss attributable to non-controlling interest	0	-75
Net Income (Loss) Attributable to Parent	-3,067	-7,265
Net loss per share available to Textura Corporation common stockholders, basic and diluted	($0.12)	($0.30)
Weighted average number of common shares outstanding, basic and diluted	25,640	24,812
Redeemable Non-Controlling Interest [Member]
Other expense, net
Accretion of redeemable securities	$0	$94

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Loss Statement (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Statement of Comprehensive Income [Abstract]
Net loss	($3,067)	($7,340)
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	-42	3
Comprehensive loss	-3,109	-7,337
Less: Comprehensive loss attributable to non-controlling interests	0	-79
Comprehensive loss attributable to Textura Corporation	($3,109)	($7,258)

Condensed_Consolidated_Stateme1

Condensed Consolidated Statement of Redeemable Non-Controlling Interest and Stockholders' Equity (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Textura Corporation Stockholders' Equity (Deficit) [Member]
Changes Stockholders' Equity
Stockholders' equity, beginning balance	$120,726	$120,688
Stockholders' equity, beginning balance	120,726	120,688
Common Stock [Member]
Changes Stockholders' Equity
Shares outstanding, beginning balance	25,677	25,588
Stockholders' equity, beginning balance	26	26
Shares outstanding, ending balance	25,677	25,588
Stockholders' equity, beginning balance	26	26
Additional Paid-in Capital [Member]
Changes Stockholders' Equity
Stockholders' equity, beginning balance	343,435	340,344
Stockholders' equity, beginning balance	343,435	340,344
Treasury Stock [Member]
Changes Stockholders' Equity
Stockholders' equity, beginning balance	-9,867	-9,923
Stockholders' equity, beginning balance	-9,867	-9,923
Accumulated Other Comprehensive Loss [Member]
Changes Stockholders' Equity
Stockholders' equity, beginning balance	-382	-340
Stockholders' equity, beginning balance	-382	-340
Accumulated Deficit [Member]
Changes Stockholders' Equity
Stockholders' equity, beginning balance	-212,486	-209,419
Stockholders' equity, beginning balance	($212,486)	($209,419)

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Gain (Loss) Arising During Period, Net of Tax	($42)	$3
Cash flows from operating activities
Net loss	-3,067	-7,340
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,876	1,886
Deferred Income Tax Expense (Benefit)	80	80
Non-cash interest expense (income)	0	-1
Share‑based compensation	1,971	1,936
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable	659	-1,720
Prepaid expenses and other assets	-40	419
Deferred revenue, including long-term portion	2,334	2,003
Accounts payable	-62	-130
Accrued expenses and other	-559	-463
Net cash provided by (used in) operating activities	3,192	-3,330
Cash flows from investing activities
Increase (Decrease) in Restricted Cash	-400	0
Purchases of property and equipment, including software development costs	-2,889	-1,552
Net cash used in investing activities	-3,289	-1,552
Cash flows from financing activities
Principal payments on loan payable	0	-4
Payments on capital leases	-226	-195
Proceeds from exercise of options and warrants	1,120	595
Payments for Repurchase of Common Stock	56	0
Net cash provided by financing activities	950	396
Effect of changes in foreign exchange rates on cash and cash equivalents	-121	10
Net increase (decrease) in cash and cash equivalents	732	-4,476
Cash and cash equivalents, beginning of period	66,758	77,130
Cash and cash equivalents, end of period	67,490	72,654
Supplemental Cash Flow Information [Abstract]
Net Income (Loss) Available to Common Stockholders, Basic	-3,067	-7,359
Redeemable Non-Controlling Interest [Member]
Supplemental Cash Flow Information [Abstract]
Accretion	$0	$94

Size_of_office_facility_square

Size of office facility, square feet Statement	Mar. 31, 2015
	sqft
Leases [Abstract]
Size of office facility, square feet	23,000

Description_of_Business

Description of Business	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business
	Textura Corporation (‘‘we,’’ ‘‘us,’’ ‘‘our,’’ or the ‘‘Company’’) was originally formed as a Wisconsin limited liability company (Textura, LLC) in 2004 and converted to a Delaware corporation in 2007. We provide on-demand business collaboration software solutions to the commercial construction industry. Our solutions increase efficiency, permit better risk management, provide better visibility and control of construction activities to clients and address several mission-critical business processes at various stages of the construction project life cycle.
	We are subject to a number of risks similar to other companies in a comparable stage of growth including, but not limited to, reliance on key personnel, the ability to access capital to support future growth, successful marketing of our solutions in an emerging market, and competition from other companies with potentially greater technical, financial and marketing resources. We have incurred significant losses and continue to devote the majority of our resources to the growth of our business. We had an accumulated deficit of $212.5 million as of March 31, 2015.
	To date, our activities have been financed primarily through the issuance of debentures, commercial debt, and the sale of equity securities.

Property_and_Equipment

Property and Equipment	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property and Equipment	Property and Equipment
	The following is a summary of property and equipment, at cost less accumulated depreciation, at March 31, 2015 and December 31, 2014:
		31-Mar-15			31-Dec-14
		(in thousands)
	Land	$	4,276		$	4,276
	Computer equipment	4,869			4,566
	Furniture and fixtures	2,751			2,750
	Leasehold improvements	145			124
	Building	17,103			16,527
	Capitalized software	14,298			11,968
	Property and equipment, gross	43,442			40,211
	Less: Accumulated depreciation and amortization	(14,847		)	(14,108		)
	Property and equipment, net	$	28,595		$	26,103
	Depreciation expense related to property and equipment was $680 and $537, respectively, for the three months ended March 31, 2015 and 2014. Amortization expense related to capitalized software was $143 and $67, respectively, for the three months ended March 31, 2015 and 2014. We capitalized software development costs of $1,960 and $947, respectively, for the three months ended March 31, 2015 and 2014.

Contingencies

Contingencies	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies	Contingencies
	We lease office space in various commercial buildings and have office equipment leases. For the office leases, we are also responsible for operating expenses and the leases escalation clauses.
	In March 2015, we entered into a new lease for approximately 23,000 square feet of office space in a commercial building in Chicago, Illinois. The new lease will commence when the space is ready for occupancy, which we anticipate will be in August 2015, and expire in September 2027.
	The following is a schedule of future minimum rental payments required under all of our operating lease agreements as of March 31, 2015 for the years ending December 31:
		Amount
		(in thousands)
	2015	$	455
	2016	774
	2017	667
	2018	527
	2019	298
	Thereafter	3,430
		$	6,151
	On October 7, 2014, a putative class action lawsuit alleging violations of federal securities laws was filed in the U.S. District Court for the Northern District of Illinois, naming as defendants the Company and certain of its executive officers. An amended complaint was filed on February 17, 2015. The amended complaint alleges violations of the Securities Exchange Act  of 1934 by the Company and its executive officers for making allegedly materially false and misleading statements and by failing to disclose allegedly material facts regarding its business and operations between June 7, 2013 and September 29, 2014. The plaintiffs seek unspecified monetary damages and other relief. We believe the lawsuit is without merit and intend to defend the case vigorously. We filed a motion to dismiss on May 4, 2015.
	In addition, the Company is involved from time to time in legal claims and proceedings that arise in the normal course of its business. Although the results of these legal claims and proceedings cannot be predicted with certainty, we currently do not expect that any such legal claims or proceedings will have a material adverse effect on our cash flows, financial condition or results of operations.

ShareBased_Compensation_to_Emp

Share-Based Compensation to Employees	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	5. Share‑Based Compensation
	During the three months ended March 31, 2015, we granted under the Long-Term Incentive Plan (the "LTIP") stock options to purchase 95 shares of our common stock with a weighted-average exercise price and weighted-average fair value of $25.35 and $9.85, respectively. The fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following weighted-average assumptions:
		Three Months Ended
		March 31, 2015
	Expected dividend yield	—
	Expected volatility	38.42	%
	Risk-free interest rate	1.62	%
	Expected term (years)	5.86
	In September 2014, two co-founders of the Company retired from full-time employment with the Company and entered into consulting arrangements to provide certain transition services to the Company beginning in October 2014. Pursuant to the consulting arrangements, in October 2014, the former employees were collectively granted stock options to purchase 33 shares of our common stock. Such stock options vest over a period between six and twelve months, and we will recognize the expense for these non-employee options as they vest. Since they are non-employee stock awards, we began recognizing the expense based on the fair value of the awards at the end of each reporting period beginning in the three months ended December 31, 2014. Share-based compensation expense related to these non-employee options was $88 for the three months ended March 31, 2015.
	Share-based compensation expense was $1,971 and $1,936, respectively, for the three months ended March 31, 2015 and 2014. Share-based compensation expense is reflected in the following captions in the condensed consolidated statements of operations:
		Three Months Ended
		March 31,
		2015		2014
		(in thousands)
	Cost of services	$	187	$	152
	General and administrative	1,316		1,191
	Sales and marketing	266		312
	Technology and development	202		281
	Total	$	1,971	$	1,936
Share-Based Compensation to Employees	Share‑Based Compensation
	During the three months ended March 31, 2015, we granted under the Long-Term Incentive Plan (the "LTIP") stock options to purchase 95 shares of our common stock with a weighted-average exercise price and weighted-average fair value of $25.35 and $9.85, respectively. The fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following weighted-average assumptions:
		Three Months Ended
		March 31, 2015
	Expected dividend yield	—
	Expected volatility	38.42	%
	Risk-free interest rate	1.62	%
	Expected term (years)	5.86
	In September 2014, two co-founders of the Company retired from full-time employment with the Company and entered into consulting arrangements to provide certain transition services to the Company beginning in October 2014. Pursuant to the consulting arrangements, in October 2014, the former employees were collectively granted stock options to purchase 33 shares of our common stock. Such stock options vest over a period between six and twelve months, and we will recognize the expense for these non-employee options as they vest. Since they are non-employee stock awards, we began recognizing the expense based on the fair value of the awards at the end of each reporting period beginning in the three months ended December 31, 2014. Share-based compensation expense related to these non-employee options was $88 for the three months ended March 31, 2015.
	Share-based compensation expense was $1,971 and $1,936, respectively, for the three months ended March 31, 2015 and 2014. Share-based compensation expense is reflected in the following captions in the condensed consolidated statements of operations:
		Three Months Ended
		March 31,
		2015		2014
		(in thousands)
	Cost of services	$	187	$	152
	General and administrative	1,316		1,191
	Sales and marketing	266		312
	Technology and development	202		281
	Total	$	1,971	$	1,936

Warrants

Warrants	3 Months Ended
	Mar. 31, 2015
Other Liabilities Disclosure [Abstract]
Warrants	Warrants
	We did not issue any warrants during the three months ended March 31, 2015. Warrants outstanding to purchase our common stock as of March 31, 2015 were as follows:
		Warrants Outstanding	Weighted- Average Exercise Price
	Fundraising	24	$	12.38
	Convertible debenture	278	$	16.26
	Convertible debenture	385	$	13.25
	Convertible debenture	48	$	16.26
	Mortgage renewal	20	$	15
	Convertible debenture	32	$	13.25
	Convertible debenture	49	$	15
	Convertible debenture	319	$	15
	Notes payable	86	$	13.92
	Referral Fees	7	$	13.25
		1,248

Employee_Benefit_Plans

Employee Benefit Plans	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Employee Benefit Plans	Employee Benefit Plans
	We sponsor a defined contribution savings plan for employees in the United States that provides certain of our eligible employees an opportunity to accumulate funds for retirement. After employees have attained one year of service, we match the contributions of participating employees on the basis specified by the plan, up to a maximum of 3% of participant compensation. We recorded total expense related to these plans in the amount of $171 and $126, respectively, for the three months ended March 31, 2015 and 2014.

Severance_Arrangements_Notes

Severance Arrangements (Notes)	3 Months Ended
	Mar. 31, 2015
Postemployment Benefits (Severance Pay) [Abstract]
Severance Arrangements [Table Text Block]	8. Severance Arrangements
	In September 2014, two of our co-founders retired from full-time employment with the Company, and two other non-executive members of management were terminated from the Company. Pursuant to the severance arrangements provided in their respective employment and separation agreements, we recognized severance-related expenses of approximately $1,488 during the year ended December 31, 2014. This severance expense includes salary, payroll taxes and bonus payments to which the former employees were entitled under their respective arrangements. We expect to pay the remaining severance expense, which totaled $789 and was accrued as of March 31, 2015, over the next seven months.
	In addition, the retiring co-founders entered into consulting arrangements to provide certain transition services to the Company beginning in October 2014 and were granted stock options to purchase 33 shares of the Company’s common stock in connection with such arrangements. See Note 5 for further details of these share-based compensation arrangements.

Leases_Notes

Leases (Notes)	3 Months Ended
	Mar. 31, 2015
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	9. Leases
	In March 2015, we entered into an agreement to lease approximately 23,000 square feet of office space in a commercial building in Chicago, Illinois. The new lease will commence when the space is ready for occupancy, which we anticipate will be in August 2015, and expire in September 2027. We established a $400 letter of credit as security for the lease, which is recorded on the consolidated balance sheet as of March 31, 2015 as restricted cash.
	We are required to establish an escrow account, estimated to be in the amount of $1,879, which will be used to fund a portion of the leasehold improvements that we plan to put into service. We will own the leasehold improvement assets until the expiration of the lease period and, as a result, will capitalize the leasehold improvement assets on the balance sheet as they are constructed. Once the assets are placed into service, we will amortize them using the straight-line method over the shorter of the remaining lease term or the estimated useful lives of the improvements.
	We will recognize rent expense for the minimum lease payments on a straight-line basis over the term of the lease. The amount of rent expense in excess of cash payments will be classified as deferred rent. Any lease incentives such as rent abatements received will be deferred and amortized over the term of the lease. Future minimum lease payments for all of our operating leases are disclosed in Note 4 to the condensed consolidated financial statements.

Summary_of_Significant_Account

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Basis of Presentation and Principles of Consolidation	Basis of Presentation and Principles of Consolidation
	We have prepared these unaudited condensed consolidated financial statements in accordance with accounting principles generally accepted in the United States of America (‘‘U.S. GAAP’’). In accordance with U.S. GAAP requirements for interim financial statements, these condensed consolidated financial statements do not include certain information and note disclosures that are normally included in annual financial statements prepared in conformity with U.S. GAAP. Accordingly, these condensed consolidated financial statements should be read in conjunction with the consolidated financial statements and the notes thereto as of December 31, 2014 and 2013 and for the fiscal year ended December 31, 2014, the three months ended December 31, 2013 and the fiscal years ended September 30, 2013 and 2012 included in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 6, 2015. In our opinion, the condensed consolidated financial statements contain all adjustments (which are of a normal, recurring nature) necessary to state fairly, in all material respects, our consolidated financial position, results of operations and cash flows for the periods presented. Interim results may not be indicative of results that may be realized for the full year.
Segment Reporting	Segment Reporting
	We have one operating segment, providing on-demand business collaboration software solutions to the commercial construction industry. Our chief operating decision maker, the Chief Executive Officer, manages our operations based on consolidated financial information for purposes of evaluating financial performance and allocating resources.
Use of Estimates	Use of Estimates
	The preparation of condensed consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. The estimates and assumptions used in the accompanying financial statements are based upon management’s evaluation of the relevant facts and circumstances at the balance sheet date. Actual results could differ from those estimates. Significant estimates are involved in our revenue recognition, depreciation, amortization and assumptions for share‑based payments.
Revenue Recognition	Revenue Recognition
	For our CPM, Submittal Exchange, Greengrade and Latista solutions, we earn revenue from owners/developers, general contractors and architects in the form of subscription fees and project fees; and from subcontractors in the form of usage fees. For our GradeBeam, PQM and BidOrganizer solutions, we earn revenue in the form of subscription fees. Our arrangements do not contain general rights of return and do not provide customers with the right to take possession of the software supporting the solutions and, as a result, are accounted for as service contracts.
	All of our on-demand solutions include training and support. We evaluate whether the individual deliverables in our revenue arrangements qualify as separate units of accounting. In order to treat deliverables in a multiple deliverable arrangement as separate units of accounting, the deliverables must have standalone value upon delivery. In determining whether deliverables have standalone value, we consider whether solutions are sold to new customers without training and support, the nature of the training and support provided and the availability of the training and support from other vendors. We concluded that training and support do not have standalone value because they are never sold separately, do not have value to the customer without the solution and are not available from other vendors. Accordingly, the training and support are combined with the solution and treated as a single unit of accounting.
	We recognize revenue when there is evidence that an agreement exists with the customer and the customer has begun deriving benefit from use of the solution, the fee is fixed and determinable, delivery of services has occurred, and collection of payment from the project participant is reasonably assured. We recognize project fees and usage fees ratably over the average estimated life of the project and contract, respectively, and recognize subscription fees over the subscription period. The average estimated life of the project and contract is estimated by management based on periodic review and analysis of historical data. The applicable estimated life is based on the project or contract value falling within certain predetermined ranges, as well as the solution on which the project is being managed. We perform periodic reviews of actual project and contract data and revise estimates as necessary. Estimated project life durations range from 6 to 32 months, and estimated contract life durations range from 4 to 20 months. Subscription periods typically range from 6 to 36 months.
	For our PlanSwift solution, we earn revenue from the sale of software licenses and related maintenance and training. License revenue is recognized upon delivery of the license, maintenance revenue is recognized ratably over the period of the maintenance contract, which is generally one year, and training revenue is recognized when the services are delivered to the client. For multiple-element arrangements that include a perpetual license for which we have not established vendor-specific objective evidence of fair value ("VSOE") and either maintenance or both maintenance and training, we use the residual method to determine the amount of license revenue to be recognized. Under the residual method, consideration is allocated to the undelivered elements based upon VSOE of those elements with the residual of the arrangement fee allocated to and recognized as license revenue. For multiple-element arrangements that include a perpetual license for which we have established VSOE and either maintenance or both maintenance and training, we allocate the revenue among the different elements of the arrangement based on each element's relative VSOE. For subscription-based licenses, which include maintenance, we recognize the subscription fees ratably over the subscription periods, which typically range from 1 to 6 months.
	We have established VSOE based on our historical pricing and discounting practices for maintenance, training and certain software licenses when sold separately. In establishing VSOE, we require that a substantial majority of the selling prices for these services fall within a reasonably narrow pricing range. The application of VSOE methodologies requires judgment, including the identification of individual elements in multiple element arrangements and whether there is VSOE of fair value for some or all elements.
Goodwill and Intangible Assets, Goodwill, Policy [Policy Text Block]
Foreign Currency Transactions	Foreign Currency Transactions
	Our functional currency is the United States Dollar. Asset and liability balances denominated in a foreign currency are remeasured to U.S. dollars at end-of-period exchange rates. Foreign currency income and expenses are remeasured at average exchange rates in effect during the period. We record foreign currency translation differences in accumulated other comprehensive income (loss).
Net Loss Per Share	Net Loss Per Share
	Basic net loss per share available to our common stockholders is calculated by dividing the net loss available to our common stockholders by the weighted-average number of common shares outstanding, less any treasury shares, during the period.
Recently Issued Accounting Standards	Recently Issued Accounting Standards
	In April 2015, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement (“ASU 2015-05”). ASU 2015-05 clarifies the accounting for cloud computing arrangements, as no specific guidance existed prior to this newly issued standard. The provisions of ASU 2015-05 must be applied to annual periods beginning after December 15, 2015 as well as interim periods within those annual periods. We are currently in the process of evaluating the impact of the adoption of ASU 2015-05 on our consolidated financial statements.
	On May 28, 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”). ASU 2014-09 outlines a single comprehensive model to use in accounting for revenue arising from contracts with customers. This update has an effective date of January 1, 2017. However, on April 1, 2015, the FASB voted to propose a one-year deferral of the effective date of ASU 2014-09. If finalized, we could elect to adopt the provisions of ASU 2014-09 effective January 1, 2018. Under this proposal, early adoption as of January 1, 2017 would also be permissible. We are currently in the process of evaluating the impact of the adoption of ASU 2014-09 on our consolidated financial statements.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Potential common shares excluded from the computation of diluted net loss per share	The following outstanding securities were excluded from the computation of diluted net loss per share available to our common stockholders as their inclusion would have been anti-dilutive:
		As of March 31,
		2015	2014
		(in thousands)
	Outstanding restricted stock units	214	719
	Outstanding stock options	3,492	3,703
	Outstanding common stock warrants	1,248	1,273
	Outstanding employee stock purchase plan units	—	—
	Total excluded securities	4,954	5,695

Property_and_Equipment_Tables

Property and Equipment (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Summary of property and equipment, at cost less accumulated depreciation	The following is a summary of property and equipment, at cost less accumulated depreciation, at March 31, 2015 and December 31, 2014:
		31-Mar-15			31-Dec-14
		(in thousands)
	Land	$	4,276		$	4,276
	Computer equipment	4,869			4,566
	Furniture and fixtures	2,751			2,750
	Leasehold improvements	145			124
	Building	17,103			16,527
	Capitalized software	14,298			11,968
	Property and equipment, gross	43,442			40,211
	Less: Accumulated depreciation and amortization	(14,847		)	(14,108		)
	Property and equipment, net	$	28,595		$	26,103

Contingencies_Schedule_of_Requ

Contingencies Schedule of Required Future Minimum Rental Payments (Tables)	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	The following is a schedule of future minimum rental payments required under all of our operating lease agreements as of March 31, 2015 for the years ending December 31:
		Amount
		(in thousands)
	2015	$	455
	2016	774
	2017	667
	2018	527
	2019	298
	Thereafter	3,430
		$	6,151

ShareBased_Compensation_to_Emp1

Share-Based Compensation to Employees (Tables)	3 Months Ended
	Mar. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Valuation assumptions for fair value of stock options	he fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following weighted-average assumptions:
		Three Months Ended
		March 31, 2015
	Expected dividend yield	—
	Expected volatility	38.42	%
	Risk-free interest rate	1.62	%
	Expected term (years)	5.86
Share-based compensation expense reflected in the condensed consolidated statements of operations	Share‑Based Compensation
	During the three months ended March 31, 2015, we granted under the Long-Term Incentive Plan (the "LTIP") stock options to purchase 95 shares of our common stock with a weighted-average exercise price and weighted-average fair value of $25.35 and $9.85, respectively. The fair value of the options was estimated using the Black‑Scholes option‑pricing model with the following weighted-average assumptions:
		Three Months Ended
		March 31, 2015
	Expected dividend yield	—
	Expected volatility	38.42	%
	Risk-free interest rate	1.62	%
	Expected term (years)	5.86
	In September 2014, two co-founders of the Company retired from full-time employment with the Company and entered into consulting arrangements to provide certain transition services to the Company beginning in October 2014. Pursuant to the consulting arrangements, in October 2014, the former employees were collectively granted stock options to purchase 33 shares of our common stock. Such stock options vest over a period between six and twelve months, and we will recognize the expense for these non-employee options as they vest. Since they are non-employee stock awards, we began recognizing the expense based on the fair value of the awards at the end of each reporting period beginning in the three months ended December 31, 2014. Share-based compensation expense related to these non-employee options was $88 for the three months ended March 31, 2015.
	Share-based compensation expense was $1,971 and $1,936, respectively, for the three months ended March 31, 2015 and 2014. Share-based compensation expense is reflected in the following captions in the condensed consolidated statements of operations:
		Three Months Ended
		March 31,
		2015		2014
		(in thousands)
	Cost of services	$	187	$	152
	General and administrative	1,316		1,191
	Sales and marketing	266		312
	Technology and development	202		281
	Total	$	1,971	$	1,936

Warrants_Tables

Warrants (Tables)	3 Months Ended
	Mar. 31, 2015
Other Liabilities Disclosure [Abstract]
Warrants outstanding	Warrants outstanding to purchase our common stock as of March 31, 2015 were as follows:
		Warrants Outstanding	Weighted- Average Exercise Price
	Fundraising	24	$	12.38
	Convertible debenture	278	$	16.26
	Convertible debenture	385	$	13.25
	Convertible debenture	48	$	16.26
	Mortgage renewal	20	$	15
	Convertible debenture	32	$	13.25
	Convertible debenture	49	$	15
	Convertible debenture	319	$	15
	Notes payable	86	$	13.92
	Referral Fees	7	$	13.25
		1,248

Description_of_Business_Detail

Description of Business (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accumulated deficit	($212,486)	($209,419)

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Basis of Presentation and Principles of Consolidation) (Details)	3 Months Ended
	Mar. 31, 2015
	segment
Schedule of Equity Method Investments [Line Items]
Number of Operating Segments	1

Summary_of_Significant_Account3

Summary of Significant Accounting Policies (Revenue Recognition) (Details)	3 Months Ended
	Mar. 31, 2015
PlanSwift Solution [Member]
Deferred Revenue Arrangement [Line Items]
Estimated maintenance term	1 year
Minimum [Member]
Deferred Revenue Arrangement [Line Items]
Estimated project life	6 months
Estimated contract life	4 months
Estimated subscription period	6 months
Minimum [Member] | PlanSwift Solution [Member]
Deferred Revenue Arrangement [Line Items]
Estimated subscription period	1 month
Maximum [Member]
Deferred Revenue Arrangement [Line Items]
Estimated project life	32 months
Estimated contract life	20 months
Estimated subscription period	36 months
Maximum [Member] | PlanSwift Solution [Member]
Deferred Revenue Arrangement [Line Items]
Estimated subscription period	6 months

Summary_of_Significant_Account4

Summary of Significant Accounting Policies (Net Loss Per Share) (Details)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	4,954	5,695
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	214	719
Stock Options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	3,492	3,703
Common and Preferred Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	1,248	1,273
Employee Stock Purchase Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive shares	0	0

Summary_of_Significant_Account5

Summary of Significant Accounting Policies (Changes in Estimates (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Change in Accounting Estimate [Line Items]
Net Income (Loss) Attributable to Parent	($3,067)	($7,265)
Increase in net income from change in accounting estimate	($3,067)	($7,340)
Increase in earnings per share from change in accounting estimate	($0.12)	($0.30)

Acquisitions_Narrative_Details

Acquisitions (Narrative) (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Business Acquisition [Line Items]
Net loss per share, basic and diluted	$0.12	$0.30

Acquisitions_Assets_Acquired_a

Acquisitions (Assets Acquired and Liabilities Assumed) (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Business Acquisition [Line Items]
Goodwill	$52,848	$52,848

Acquisitions_Pro_Forma_Informa

Acquisitions (Pro Forma Information) (Details) (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Business Acquisition [Line Items]
Weighted Average Number of Common Shares Outstanding, Basic and Diluted	25,640	24,812
Net loss per share available to Textura Corporation common stockholders, basic and diluted	($0.12)	($0.30)

Property_and_Equipment_Details

Property and Equipment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$43,442		$40,211
Less: Accumulated depreciation and amortization	-14,847		-14,108
Property and equipment, at cost less accumulated depreciation	28,595		26,103
Property, Plant and Equipment [Member]
Property, Plant and Equipment [Line Items]
Depreciation	680	537
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,276		4,276
Computer equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	4,869		4,566
Furniture and fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	2,751		2,750
Leasehold improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	145		124
Building [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	17,103		16,527
Capitalized software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment, gross	14,298		11,968
Amortization	143	67
Capitalized Computer Software Expense	$1,960	$947

Contingencies_Schedule_of_Futu

Contingencies Schedule of Future Minimum Rental Payments for Operating Leases (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified	sqft
Commitments and Contingencies Disclosure [Abstract]
Size of office facility, square feet	23,000
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	$455
Operating Leases, Future Minimum Payments Due, Next Twelve Months	774
Operating Leases, Future Minimum Payments, Due in Three Years	667
Operating Leases, Future Minimum Payments, Due in Four Years	527
Operating Leases, Future Minimum Payments, Due in Five Years	298
Operating Leases, Future Minimum Payments, Due Thereafter	3,430
Operating Leases, Future Minimum Payments Due	$6,151

ShareBased_Compensation_to_Emp2

Share-Based Compensation to Employees (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Oct. 01, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$1,971,000	$1,936,000
Eligible Shares from Stock Options Granted related to Severance Arrangements	33		33
Share-based compensation expense related to severance arrangements	88
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	187,000	152,000
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	1,316,000	1,191,000
Selling and Marketing Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	266,000	312,000
Research and Development Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocated Share-based Compensation Expense	$202,000	$281,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected dividend yield	0.00%
Expected volatility	38.00%
Risk-free interest rate	1.62%
Expected term (years)	5 years 10 months 9 days
Stock Options [Member] | Long-Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock options granted	95,000
Weighted-average exercise price	$25.35
Weighted-average fair value per option	$9.85

Warrants_Details

Warrants (Details) (Warrant [Member], Common Stock [Member], USD $)	Mar. 31, 2015
In Thousands, except Per Share data, unless otherwise specified
Class of Warrant or Right [Line Items]
Warrants outstanding	1,248
Fundraising [Member] | November 2007 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	24
Weighted average exercise price	12.38
Issuance of Debt [Member] | Various 2009 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	278
Weighted average exercise price	16.26
Issuance of Debt [Member] | Various 2010 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	385
Weighted average exercise price	13.25
Issuance of Debt [Member] | May 2011 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	48
Weighted average exercise price	16.26
Issuance of Debt [Member] | August 2011 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	32
Weighted average exercise price	13.25
Issuance of Debt [Member] | September 2011 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	49
Weighted average exercise price	15
Issuance of Debt [Member] | Various 2012 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	319
Weighted average exercise price	15
Issuance of Debt [Member] | Various 2013 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	86
Weighted average exercise price	13.92
Mortgage Renewal [Member] | August 2011 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	20
Weighted average exercise price	15
Referral Fees [Member] | September 2013 [Member]
Class of Warrant or Right [Line Items]
Warrants outstanding	7
Weighted average exercise price	13.25

Employee_Benefit_Plans_Details

Employee Benefit Plans (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Defined Contribution Plan, Requisite Service Period	1 year
Maximum match, as a percent of employees contribution	3.00%
Defined Contribution Plan, Cost Recognized	$171	$126

Severance_Arrangements_Details

Severance Arrangements (Details) (USD $)	3 Months Ended
	Mar. 31, 2015	Oct. 01, 2014
Postemployment Benefits (Severance Pay) [Abstract]
Severance Costs	$1,488
Accrued Severance Costs	$789
Eligible Shares from Stock Options Granted related to Severance Arrangements	33	33

Leases_Details

Leases (Details) (USD $)	Mar. 31, 2015
Leases [Abstract]
Letters of Credit Outstanding, Amount	$400
Escrow Deposit	$1,879