Commercehub (CHUBB) 10-Q 9 May 17 2017 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2017	Apr. 26, 2017
Entity Information [Line Items]
Entity Registrant Name	COMMERCEHUB, INC.
Entity Central Index Key	1,665,658
Document Type	10-Q
Document Period End Date	Mar. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Amendment Flag	false
Series A
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		13,593,992
Series B
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		711,992
Series C
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding (in shares)		28,841,977

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 4,044	$ 6,471
Accounts receivable, net of allowances of $546 and $200, respectively	12,530	18,109
Prepaid income taxes	635	4,311
Prepaid expenses and other current assets	1,386	1,549
Total current assets	18,595	30,440
Capitalized software, net	6,011	6,716
Deferred services costs	4,808	4,989
Property and equipment, net	7,913	7,629
Goodwill	21,410	21,410
Deferred income taxes	8,356	7,714
Other long-term assets	1,475	1,122
Total assets	68,568	80,020
Current liabilities:
Accounts payable and accrued expenses	2,507	2,135
Accrued payroll and related expenses	4,816	7,435
Income taxes payable	7	7
Deferred revenue	5,340	5,149
Total current liabilities	12,670	14,726
Deferred revenue, long-term	7,724	7,581
Other long-term liabilities	1,453	1,135
Long-term debt	10,000	26,000
Total liabilities	31,847	49,442
Equity:
Preferred stock, $0.01 par value. Authorized shares of 50,000,000; 0 shares issued and outstanding at March 31, 2017 and December 31, 2016, respectively	0	0
Additional paid-in capital	20,586	16,904
Retained earnings	15,704	13,245
Total equity	36,721	30,578
Total liabilities and equity	68,568	80,020
Series A
Equity:
Common stock	136	135
Series B
Equity:
Common stock	7	7
Series C
Equity:
Common stock	$ 288	$ 287

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Allowance for accounts receivable	$ 546	$ 200
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Series A
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	40,000,000	40,000,000
Common stock, shares issued (in shares)	13,593,736	13,536,502
Common stock, shares outstanding (in shares)	13,593,736	13,536,502
Series B
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	1,500,000	1,500,000
Common stock, shares issued (in shares)	711,992	711,992
Common stock, shares outstanding (in shares)	711,992	711,992
Series C
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	83,000,000	83,000,000
Common stock, shares issued (in shares)	28,841,465	28,672,805
Common stock, shares outstanding (in shares)	28,841,465	28,672,805

Condensed Consolidated Statemen

Condensed Consolidated Statements of Comprehensive Income (Loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Statement of Comprehensive Income [Abstract]
Revenue (Note 7)	$ 24,568	$ 22,090
Cost of revenue	5,516	6,104
Gross profit	19,052	15,986
Operating expenses:
Research and development	5,915	4,870
Sales and marketing	1,931	3,618
General and administrative	6,939	10,524
Total operating expenses	14,785	19,012
Income (loss) from operations	4,267	(3,026)
Other (expense) income:
Interest expense	(227)	0
Interest income	0	166
Total other (expense) income	(227)	166
Income (loss) before income taxes	4,040	(2,860)
Income tax expense (benefit)	1,581	(870)
Net income (loss)	2,459	(1,990)
Total comprehensive income (loss)	$ 2,459	$ (1,990)
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.06	$ (0.05)
Diluted (in dollars per share)	$ 0.06	$ (0.05)
Shares used in computing earnings (loss) per share:
Basic (in shares)	42,977	42,703
Diluted (in shares)	44,670	42,703

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Cash flows from operating activities:
Net income (loss)	$ 2,459	$ (1,990)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	2,094	2,323
Amortization of debt issuance costs	56	0
Share-based compensation expense	2,360	10,037
Deferred income taxes	(642)	(2,371)
Bad debt expense	404	33
Accrued interest income	0	(166)
Change in operating assets and liabilities:
Accounts receivable	5,175	4,604
Prepaid expenses and other assets	(243)	(409)
Prepaid income taxes	3,676	0
Deferred costs	181	(192)
Deferred revenue	334	218
Accounts payable and accrued expenses	337	2,058
Accrued payroll and related expenses	(2,620)	1,106
Share-based compensation liability payments	0	(7,436)
Parent receivables and payables, net	0	257
Net cash provided by operating activities	13,571	8,072
Cash flows from investing activities:
Purchases of property and equipment	(692)	(2,291)
Additions to capitalized software	(631)	(2,183)
Net cash used in investing activities	(1,323)	(4,474)
Cash flows from financing activities:
Repayments on credit agreement	(16,000)	0
Cash received from exercise of stock options	1,324	52
Net cash (used in) provided by financing activities	(14,676)	52
Currency effect on cash and cash equivalents	1	0
Net (decrease) increase in cash and cash equivalents	(2,427)	3,650
Cash and cash equivalents, beginning of period	6,471	19,337
Cash and cash equivalents, end of period	4,044	22,987
Supplemental disclosure of non-cash investing and financing activities:
Contractual obligations for acquisition of fixed assets	$ 360	$ 0

Description of Business

Description of Business	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Description of Business	Description of Business CommerceHub, Inc. (together with its subsidiaries, "CommerceHub," the "Company," "us," "we" and "our") was founded in 1997 (as Commerce Technologies, Inc., our predecessor entity) and is headquartered in Albany, New York, with additional locations in Seattle, Washington and Hertford, England. We are a leading provider of cloud-based e-commerce fulfillment and marketing solutions that integrate supply, demand and delivery for large retailers and consumer brands, manufacturers and distributors (collectively, "suppliers"). Our end-to-end solutions are provided through the CommerceHub software platform, a hub that streamlines integration and enables more efficient transactions among our retailer and supplier customers and their other trading partners, while also enabling them to access the online marketplaces, search engines, social and product advertising and other digital marketing channels (collectively, "demand channels") where consumers browse and buy. Our solutions also help our customers integrate with the third-party logistics ("3PL") providers, including fulfillment and delivery providers, that take purchased products to the consumer's doorstep. During November 2015, the board of directors of Liberty Interactive Corporation, our former parent company ("Liberty" or "Parent"), authorized a plan to distribute to the holders of Liberty's Series A and Series B Liberty Ventures common stock, shares of CommerceHub (the "Spin-Off"). At the time, CommerceHub was a newly formed Delaware corporation that, pursuant to an internal restructuring, effective July 21, 2016, became the parent of Commerce Technologies, LLC, a Delaware limited liability company that, as a result of the restructuring, is the successor to Commerce Technologies, Inc. ("CTI"), the entity through which CommerceHub transacted prior to the Spin-Off. The Spin-Off was completed on July 22, 2016 and was effected as a pro rata dividend of shares of CommerceHub to the holders of Series A and Series B Liberty Ventures common stock of Liberty. The Internal Revenue Service has completed its review of the Spin-Off and has notified Liberty that it agreed with the nontaxable characterization of the Spin-Off. Following the Spin-Off, CommerceHub now operates as a stand-alone publicly traded company, and neither Liberty nor CommerceHub has any stock ownership, beneficial or otherwise, in the other.

Basis of Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of CommerceHub. All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements, which have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP. We have included all normal recurring adjustments we consider to be necessary to give a fair presentation of our financial position, results of comprehensive income (loss) and cash flows, and changes in equity for the interim periods shown. Operating results for these interim periods are not necessarily indicative of the results to be expected for the full year. The December 31, 2016 consolidated balance sheet data was derived from our audited consolidated financial statements at that date. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements contained within our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the Securities and Exchange Commission (the "SEC") on March 7, 2017 (the "2016 Annual Report"). Use of Estimates Preparing these condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates and assumptions. Segment and Geographic Information Operating segments are components of our business for which discrete financial information is available and evaluated by the chief operating decision maker ("CODM") for purposes of allocating resources and evaluating financial performance. Our Chief Executive Officer, who is our CODM, reviews consolidated financial information results of the Company to allocate resources and evaluate performance. As such, the Company operates as a single segment. The following table summarizes revenue by type: (amounts in thousands) Three Months Ended 2017 2016 Revenue: Usage revenue $ 15,859 $ 14,296 Subscription revenue 6,897 6,364 Set-up and professional services 1,812 1,430 Total revenue $ 24,568 $ 22,090 We generate nearly all of our revenue in the United States and Canada. For the three months ended March 31, 2017 and 2016 , approximately 96% of our revenue was generated from customers located in the United States. Substantially all of our assets are located within the United States.

Significant Accounting Policies

Significant Accounting Policies	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Significant Accounting Policies	Significant Accounting Policies During the three months ended March 31, 2017 , there were no material changes in our significant accounting policies. Please see Note 3 to our consolidated financial statements included in our 2016 Annual Report for additional information regarding our significant accounting policies.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	3 Months Ended
	Mar. 31, 2017
Accounting Changes and Error Corrections [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU No. 2014-09"). This standard is effective for fiscal years beginning after December 15, 2017, with two transition methods of adoption allowed, a full retrospective or modified retrospective. In May 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . This update was to further clarify the implementation guidance on principal versus agent considerations in the previously issued ASU No. 2014-09. In April 2016, FASB issued ASU No. 2016-10, Identifying Performance Obligations and Licensing , which clarifies implementation guidance on the identification of performance obligations and the licensing implementation guidance in ASU No. 2014-09. In May 2016, FASB issued ASU No. 2016-12, Narrow-Scope Improvements and Practical Expedients , which clarifies the guidance on assessing collectability, presentation of sales taxes, non-cash consideration and completed contracts and contract modifications at transition. In December 2016, FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606 , which clarifies certain narrow aspects of ASU No. 2014-09. We have begun to evaluate the impacts of this new standard on our financial statements, information technology systems and business processes and controls. We have developed an implementation plan to adopt this new guidance, including determining the method of adoption. As part of this plan, we are currently assessing the potential impacts this standard will have on our financial statements and related disclosures, including the potential impacts to our usage, subscription and set-up and professional services revenue. Further, although we are still evaluating the impact of this standard, based on our initial assessment we expect that there will be an impact relating to how we account for costs to acquire a contract. We expect that applying the new standard will result in the deferral of additional costs, primarily commission expenses to sales representatives, which is expected to be recognized over the estimated customer life. Due to the preliminary nature of our assessments to date, we are currently unable to estimate the impact this standard will have on our financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU No. 2016-02"). This topic provides that a lessee should recognize the assets and liabilities that arise from leases. ASU No. 2016-02 requires an entity to separate the lease components from the nonlease components in a contract. ASU No. 2016-02 is intended to improve financial reporting about lease transactions and is effective for fiscal years beginning after December 15, 2018. We are evaluating the impact this update will have on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU No. 2016-09"), which is intended to improve the accounting for share-based payment transactions as part of the FASB's simplification initiative. ASU No. 2016-09 changed aspects of the accounting for share-based payment award transactions, including: (1) accounting for income taxes; (2) classification of excess tax benefits on the statement of cash flows; (3) forfeitures; (4) minimum statutory tax withholding requirements; and (5) classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes. Further, under ASU No. 2016-09 the calculation for diluted shares under the treasury-stock method no longer includes the effect of excess tax deductions, resulting in a higher effect of dilutive shares. We adopted ASU No. 2016-09 in the first quarter of 2017, which did not have a significant impact on our financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230) ("ASU No. 2016-15") , which addresses eight specific cash flow matters with the objective of reducing diversity in practice in how certain cash receipts and cash payments are classified in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017. We are evaluating the impact this update will have on our financial statements. In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash ("ASU No. 2016-18") , which requires that entities show the changes in the total of cash, cash equivalents and restricted cash in the statement of cash flows. Transfers between cash, cash equivalents and restricted cash should not be presented as cash flow activities on the statement of cash flows. ASU No. 2016-18 is effective for fiscal years beginning after December 15, 2017. We do not expect the adoption of this standard will have a material impact on our financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU No. 2017-04"), which removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. An impairment charge will now equal the amount by which the reporting unit's carrying value exceeds its fair value. ASU No. 2017-04 is effective for fiscal years beginning after December 15, 2019. We do not expect the adoption of this standard will have a material impact on our financial statements.

Earnings (Loss) Per Share

Earnings (Loss) Per Share	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Earnings (Loss) Per Share	Earnings (Loss) Per Share For the three months ended March 31, 2016 , basic and diluted earnings (loss) per common share is computed by dividing net income (loss) for that period by 42,702,842 common shares, which is the aggregate of 13,522,288 shares of Series A common stock, 711,992 shares Series B common stock and 28,468,562 shares of Series C common stock issued upon completion of the Spin-Off on July 22, 2016 . The shares used in the calculation of diluted earnings per share for periods prior to the Spin-Off exclude issuances of 109,354 shares of common stock issued to pre-Spin-Off minority shareholders of CTI and 7,362,933 outstanding awards to purchase shares of our common stock, which occurred after the Spin-Off. For the three months ended March 31, 2017 , basic earnings (loss) per common share is computed by dividing net income (loss) by the weighted average number of common shares outstanding during that period. Diluted earnings (loss) per share gives effect to all dilutive potential shares outstanding resulting from employee stock options and restricted stock units during that period. The shares used in the calculation of diluted earnings per share for periods following the Spin-Off exclude (a) options to purchase shares where the exercise price was greater than the average market price of common shares for the period, using the treasury-stock method, and therefore the effect of the inclusion would be anti-dilutive and (b) awards with performance-based conditions where the performance criteria has not been met as of the reporting date. The following table sets forth net income (loss) and the basic and diluted shares used to calculate earnings per share (in thousands): Three Months Ended 2017 2016 Net income (loss) $ 2,459 $ (1,990 ) Basic - weighted average shares outstanding 42,977 42,703 Weighted average effect of dilutive potential securities 1,693 — Diluted - weighted average shares outstanding 44,670 42,703 Anti-dilutive securities 4,585 —

Concentrations of Significant C

Concentrations of Significant Customers and Credit Risk	3 Months Ended
	Mar. 31, 2017
Risks and Uncertainties [Abstract]
Concentrations of Significant Customers and Credit Risk	Concentrations of Significant Customers and Credit Risk No single customer accounted for more than 10% of our total revenue in the three months ended March 31, 2017 or 2016. However, our revenue model is primarily based on retailer and supplier program relationships whereby many revenue-generating supplier transactions conducted through our platform may be attributable to a single retailer ("Total Program Revenue"). In each of the three -month periods ended March 31, 2017 and March 31, 2016 , one customer's Total Program Revenue accounted for more than 10% of total revenue. No single customer represented more than 10% of accounts receivable at March 31, 2017 .

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	Related Party Transactions Prior to the Spin-Off, Liberty, QVC, Inc. (“QVC”), which is a wholly owned subsidiary of Liberty, and other subsidiaries and equity investments of Liberty were related parties of CommerceHub for GAAP purposes and related persons of CommerceHub for purposes of Regulation S-K under the Securities Exchange Act of 1934, as amended. As a result, because this report includes the three months ended March 31, 2016, which was prior to the Spin-Off, we have disclosed activities with these entities during this period. For the three months ended March 31, 2017 and future periods that do not include pre-Spin-Off periods, based on current facts and circumstances, we do not believe Liberty, QVC or other subsidiaries or equity investments of Liberty are related parties or related persons of CommerceHub, but we will continue to monitor and evaluate these relationships and other potential relationships with related parties and/or related persons. Transactions with QVC We provide our solutions to QVC in the ordinary course of business. For the three months ended March 31, 2016 , Total Program Revenue with QVC accounted for approximately 7% of total revenue. We had accounts receivable due from QVC of approximately $784 thousand at December 31, 2016 . Transactions with Liberty In previous periods, we had outstanding a promissory note as a lender to Liberty, presented as note receivable—Parent on the consolidated balance sheets. This note carried an interest rate based on one-year LIBOR plus 100 basis points . In the three months ended March 31, 2016 , we earned interest of $166 thousand on this promissory note. During the second quarter of 2016, Liberty fully repaid the $36.4 million outstanding under this promissory note, including accumulated interest of $2.4 million.

Capitalized Software Costs

Capitalized Software Costs	3 Months Ended
	Mar. 31, 2017
Research and Development [Abstract]
Capitalized Software Costs	Capitalized Software Costs Capitalized software costs, net is comprised of the following (in thousands): March 31, December 31, Capitalized software costs $ 32,710 $ 32,506 Less accumulated amortization (26,699 ) (25,790 ) Capitalized software costs, net $ 6,011 $ 6,716 Amortization expense related to capitalized software costs is included in cost of revenue and was approximately $1.3 million and $1.2 million for the three months ended March 31, 2017 and 2016 , respectively. Future amortization expense of existing capitalized software costs as of March 31, 2017 is expected to be as follows for the years ending December 31, (in thousands): Remainder of 2017 $ 3,436 2018 2,221 2019 347 2020 7 $ 6,011

Share-Based Awards

Share-Based Awards	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-Based Awards	Share-Based Awards We grant equity incentive awards to certain of our employees (including our executive officers), directors and consultants. Following the Spin-Off, all of the awards we have granted have been stock options and restricted stock units ("RSUs") relating to shares of our Series C common stock. Some of these awards contain service-based vesting conditions (typically annual vesting over four years), and some of these awards contain both service- and milestone-based vesting conditions. We estimate the fair value of the stock options granted using the Black-Scholes pricing model. In valuing share-based awards, significant judgment is required in determining the fair value of our share price, the expected volatility of common stock, and the expected term individuals will hold their share-based awards prior to exercise. With the assistance of an independent third-party advisory firm, for awards granted during the three months ended March 31, 2016 , we estimated share-price based on an internal valuation using income- and market-based approaches. In connection with the Spin-Off, the awards outstanding were modified, and their respective fair values were updated at the Spin-Off. The share-price input at the Spin-Off was based on the closing share price the first trading day following the Spin-Off. Included in the condensed consolidated statements of comprehensive income (loss) are the following amounts of share-based compensation (amounts in thousands): Three Months Ended 2017 2016 Cost of revenue $ 110 $ 504 Research and development 571 1,860 Sales and marketing 135 984 General and administrative 1,544 6,689 $ 2,360 $ 10,037 Prior to the Spin-Off, awards outstanding were liability-based awards as they could be settled in cash, and marked-to-market each reporting period, based on an internal valuation described above. For periods following the Spin-Off, all awards are equity-based awards as they can no longer be settled in cash, and therefore are no longer marked-to-market each reporting period. During the three months ended March 31, 2016 , we recognized significantly higher share-based compensation expense associated with this mark-to-market adjustment, which is the primary driver in the decrease in share-based compensation expense from the first quarter of 2016 to the first quarter of 2017. CommerceHub Share-Based Award Plans In connection with the Spin-Off, all of the outstanding CTI stock appreciation rights and stock options were converted into new option awards to purchase shares of our Series C common stock, which were issued under the CommerceHub, Inc. Legacy Stock Appreciation Rights Plan and the CommerceHub, Inc. Legacy Stock Option Plan (together, the "Legacy Plans"), respectively. The Legacy Plans govern the terms and conditions of these new option awards but will not be used to make any further grants. In connection with the Spin-Off, we also adopted the CommerceHub, Inc. 2016 Omnibus Incentive Plan (as amended, amended and restated or otherwise modified from time to time, the “Omnibus Plan”), which is the incentive plan we use for all new equity grants following the Spin-Off. On January 1, 2017, the number of shares available for issuance under the Omnibus Plan was increased by 2,146,064 shares, or 5% of the outstanding shares of our common stock on December 31, 2016, to 15,346,064 shares. In addition, also in connection with the Spin-Off, we adopted an Employee Stock Purchase Plan (the “ESPP”), which provides employees with the opportunity to invest a portion of their annual eligible compensation to purchase shares of our Series C common stock at a purchase price equal to 85% of the lower of (a) the fair market value of our Series C common stock at the beginning of the applicable six-month offering period, and (b) the fair market value of our Series C common stock at the end of the applicable six-month offering period. The first offering period under the ESPP began on January 1, 2017. For the three months ended March 31, 2017 , we recorded approximately $80 thousand of share-based compensation expense associated with the ESPP. The fair value of ESPP shares is estimated based on the market price of our Series C common stock at the beginning of each offering period and the Black-Scholes option pricing model with the following assumptions: Volatility 41.5 % Term (in years) 0.5 Risk-free interest rate 0.8 % Dividend yield — % Also in connection with the Spin-Off, holders of option awards, RSUs and restricted stock awards ("RSAs") relating to Liberty's Liberty Ventures common stock received CommerceHub options, RSUs and RSAs, respectively, pursuant to the CommerceHub, Inc. Transitional Stock Adjustment Plan (the “Transitional Plan”). The Transitional Plan governs the terms and conditions of these new awards but will not be used to make any further grants. The following table summarizes the share-based award activity of options to purchase shares of our common stock for the three months ended March 31, 2017 : CommerceHub Employee Plans Liberty Employee Plans Omnibus Plan Legacy Plans Transitional Plan Series C Series C Series C Series A Outstanding at January 1, 2017 193,998 5,580,109 1,006,043 329,188 Granted 278,629 — — — Exercised — (55,655 ) (119,028 ) (59,532 ) Forfeited (10,000 ) (46,494 ) (3,558 ) (1,785 ) Outstanding at March 31, 2017 462,627 5,477,960 883,457 267,871 Weighted average exercise price $ 15.61 $ 13.02 $ 9.41 $ 7.90 Weighted average remaining contractual life (in years) 9.8 8.0 4.2 3.7 Aggregate intrinsic value (in thousands) $ 178 $ 16,908 $ 5,409 $ 2,019 Exercisable at March 31, 2017 — 1,261,320 476,669 204,631 Weighted average exercise price N/A $ 3.45 $ 7.23 $ 6.46 Weighted average remaining contractual life (in years) N/A 4.1 3.4 3.0 Aggregate intrinsic value (in thousands) N/A $ 15,236 $ 3,956 $ 1,835 The weighted average grant-date fair value of options granted during the three months ended March 31, 2017 was $7.16 . As of March 31, 2017 , unrecognized compensation cost related to options to purchase shares of our Series C common stock under the Omnibus Plan and Legacy Plans was approximately $16.5 million and is expected to be recognized over a weighted average remaining vesting period of approximately 3.3 years . There is no unrecognized compensation cost related to options under the Transitional Plan because they are held by employees of Liberty and any related compensation expense is incurred by Liberty. RSU Activity Under the Omnibus Plan (Series C) The following table summarizes the share-based award activity of RSUs relating to our Series C common stock granted under the Omnibus Plan for the three months ended March 31, 2017 : Number of Weighted Outstanding at January 1, 2017 505,831 $ 14.35 Granted 168,984 $ 16.30 Vested — $ — Forfeited (6,473 ) $ 14.33 Outstanding at March 31, 2017 668,342 $ 14.85 As of March 31, 2017 , unrecognized compensation cost related to RSUs relating to shares of our Series C common stock was approximately $7.5 million and is expected to be recognized over a weighted average remaining vesting period of approximately 3.5 years . RSA and RSU Activity Under the Transitional Plan (Series A and Series C) Share-based award activity for RSUs and RSAs relating to our Series A and Series C common stock issued under the Transitional Plan for the three months ended March 31, 2017 was not material. There is no unrecognized compensation cost related to these awards because they are held by employees of Liberty and any related compensation expense is incurred by Liberty. Options and RSA Activity Under the Transitional Plan (Series B) There has been no activity in the outstanding stock options and RSAs relating to our Series B common stock subsequent to the Spin-Off. There is no unrecognized compensation cost related to these awards because they are held by an employee of Liberty and any related compensation expense is incurred by Liberty.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Our expense or benefit from income taxes for interim periods is determined using an estimate of our annual effective tax rate, adjusted for discrete items. During the three months ended March 31, 2017 and 2016 , our effective tax rate was 39% and 30% , respectively. The March 31, 2017 effective tax rate was higher than the U.S. Federal income tax rate of 35% , primarily due to state and local income tax, net of Federal income tax benefits, offset by the Federal research credit. The March 31, 2016 effective tax rate was lower than the 35% Federal income tax rate, primarily due to the effect of market adjustments for stock options exercised under our share-based compensation program, non-deductible transaction-related costs incurred in 2016 associated with the Spin-Off, and the Federal research credit. There were no uncertain tax positions as of March 31, 2017 or December 31, 2016.

Long-Term Debt

Long-Term Debt	3 Months Ended
	Mar. 31, 2017
Debt Disclosure [Abstract]
Long-Term Debt	Long-Term Debt On June 28, 2016, we entered into a credit agreement governing a $125.0 million revolving credit facility, which expires on June 28, 2021. At March 31, 2017 , we had $10.0 million in borrowings and no letters of credit outstanding under the facility, and our available borrowings under the facility were $115.0 million . At March 31, 2017 , the fair value of our debt, which holds a floating interest rate of a short duration and is based on Level 2 valuation inputs, approximated the carrying value. The interest rate applicable to our initial borrowings is LIBOR plus a yield of 1.75% . Interest on the revolving credit facility is based on a base rate or Eurodollar rate plus an applicable margin that increases as our total leverage ratio increases, with the base rate margin ranging from 0.75% to 1.25% and the Eurodollar rate margin ranging from 1.75% to 2.25% . The revolving credit facility also carries a commitment fee of 0.25% to 0.50% per annum on the unused portion. Borrowings under the revolving credit facility are collateralized by substantially all of our assets. The credit agreement contains covenants and restrictions which, among other things, require the maintenance of certain financial ratios, including a total leverage ratio and an interest coverage ratio, and restrict dividend payments and the incurrence of certain indebtedness and other activities, including acquisitions and dispositions. We were in compliance with these covenants and restrictions as of March 31, 2017 .

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Legal Proceedings From time to time, we may become involved in various lawsuits and legal proceedings which arise in the ordinary course of business. We are currently not aware of any such legal proceedings or claims that we believe will have, individually or in the aggregate, a material adverse effect on our business, prospects, financial condition results of operations and/or cash flows. Leases During the first quarter of 2017, we entered into a new lease for office space in Seattle, Washington and, at the same time, entered into a sub-lease of our existing space in Seattle. We expect to vacate our existing office and move into the new office space in the second quarter of 2017, at which time we will recognize an impairment charge equal to the fair value of the unrecovered payments for the remainder of the lease, which is not expected to be material. Future minimum lease payments due under operating lease arrangements contain rent increases over the term of the lease. Rent expense on these operating leases is recognized over the term of the lease on a straight-line basis. The excess of rent expense over future minimum lease payments due totaled $1.5 million and $1.1 million at March 31, 2017 and December 31, 2016 , respectively, and are included in other long-term liabilities on the condensed consolidated balance sheets. At March 31, 2017 , future minimum payments under operating leases, net of expected lease collections under our sub-lease, were as follows (in thousands): Remainder of 2017 $ 2,144 2018 2,032 2019 1,581 2020 1,563 2021 1,597 $ 8,917

Significant Accounting Polici18

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements include the accounts of CommerceHub. All intercompany accounts and transactions have been eliminated in the condensed consolidated financial statements, which have been prepared in conformity with U.S. generally accepted accounting principles ("GAAP") for interim financial information. Accordingly, these condensed consolidated financial statements do not include all of the information and notes required by GAAP. We have included all normal recurring adjustments we consider to be necessary to give a fair presentation of our financial position, results of comprehensive income (loss) and cash flows, and changes in equity for the interim periods shown. Operating results for these interim periods are not necessarily indicative of the results to be expected for the full year. The December 31, 2016 consolidated balance sheet data was derived from our audited consolidated financial statements at that date. These condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements contained within our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, which was filed with the Securities and Exchange Commission (the "SEC") on March 7, 2017 (the "2016 Annual Report").
Use of Estimates	Use of Estimates Preparing these condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates and assumptions.
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers (Topic 606) ("ASU No. 2014-09"). This standard is effective for fiscal years beginning after December 15, 2017, with two transition methods of adoption allowed, a full retrospective or modified retrospective. In May 2016, FASB issued ASU No. 2016-08, Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations (Reporting Revenue Gross versus Net) . This update was to further clarify the implementation guidance on principal versus agent considerations in the previously issued ASU No. 2014-09. In April 2016, FASB issued ASU No. 2016-10, Identifying Performance Obligations and Licensing , which clarifies implementation guidance on the identification of performance obligations and the licensing implementation guidance in ASU No. 2014-09. In May 2016, FASB issued ASU No. 2016-12, Narrow-Scope Improvements and Practical Expedients , which clarifies the guidance on assessing collectability, presentation of sales taxes, non-cash consideration and completed contracts and contract modifications at transition. In December 2016, FASB issued ASU No. 2016-20, Technical Corrections and Improvements to Topic 606 , which clarifies certain narrow aspects of ASU No. 2014-09. We have begun to evaluate the impacts of this new standard on our financial statements, information technology systems and business processes and controls. We have developed an implementation plan to adopt this new guidance, including determining the method of adoption. As part of this plan, we are currently assessing the potential impacts this standard will have on our financial statements and related disclosures, including the potential impacts to our usage, subscription and set-up and professional services revenue. Further, although we are still evaluating the impact of this standard, based on our initial assessment we expect that there will be an impact relating to how we account for costs to acquire a contract. We expect that applying the new standard will result in the deferral of additional costs, primarily commission expenses to sales representatives, which is expected to be recognized over the estimated customer life. Due to the preliminary nature of our assessments to date, we are currently unable to estimate the impact this standard will have on our financial statements. In February 2016, the FASB issued ASU No. 2016-02, Leases (Topic 842) ("ASU No. 2016-02"). This topic provides that a lessee should recognize the assets and liabilities that arise from leases. ASU No. 2016-02 requires an entity to separate the lease components from the nonlease components in a contract. ASU No. 2016-02 is intended to improve financial reporting about lease transactions and is effective for fiscal years beginning after December 15, 2018. We are evaluating the impact this update will have on our financial statements. In March 2016, the FASB issued ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting ("ASU No. 2016-09"), which is intended to improve the accounting for share-based payment transactions as part of the FASB's simplification initiative. ASU No. 2016-09 changed aspects of the accounting for share-based payment award transactions, including: (1) accounting for income taxes; (2) classification of excess tax benefits on the statement of cash flows; (3) forfeitures; (4) minimum statutory tax withholding requirements; and (5) classification of employee taxes paid on the statement of cash flows when an employer withholds shares for tax-withholding purposes. Further, under ASU No. 2016-09 the calculation for diluted shares under the treasury-stock method no longer includes the effect of excess tax deductions, resulting in a higher effect of dilutive shares. We adopted ASU No. 2016-09 in the first quarter of 2017, which did not have a significant impact on our financial statements. In August 2016, the FASB issued ASU No. 2016-15, Classification of Certain Cash Receipts and Cash Payments (Topic 230) ("ASU No. 2016-15") , which addresses eight specific cash flow matters with the objective of reducing diversity in practice in how certain cash receipts and cash payments are classified in the statement of cash flows. ASU No. 2016-15 is effective for fiscal years beginning after December 15, 2017. We are evaluating the impact this update will have on our financial statements. In November 2016, the FASB issued ASU No. 2016-18, Restricted Cash ("ASU No. 2016-18") , which requires that entities show the changes in the total of cash, cash equivalents and restricted cash in the statement of cash flows. Transfers between cash, cash equivalents and restricted cash should not be presented as cash flow activities on the statement of cash flows. ASU No. 2016-18 is effective for fiscal years beginning after December 15, 2017. We do not expect the adoption of this standard will have a material impact on our financial statements. In January 2017, the FASB issued ASU No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment ("ASU No. 2017-04"), which removes Step 2 of the goodwill impairment test, which requires a hypothetical purchase price allocation. An impairment charge will now equal the amount by which the reporting unit's carrying value exceeds its fair value. ASU No. 2017-04 is effective for fiscal years beginning after December 15, 2019. We do not expect the adoption of this standard will have a material impact on our financial statements.

Basis of Presentation (Tables)

Basis of Presentation (Tables)	3 Months Ended
	Mar. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Revenue by Type	The following table summarizes revenue by type: (amounts in thousands) Three Months Ended 2017 2016 Revenue: Usage revenue $ 15,859 $ 14,296 Subscription revenue 6,897 6,364 Set-up and professional services 1,812 1,430 Total revenue $ 24,568 $ 22,090

Earnings (Loss) Per Share (Tabl

Earnings (Loss) Per Share (Tables)	3 Months Ended
	Mar. 31, 2017
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	The following table sets forth net income (loss) and the basic and diluted shares used to calculate earnings per share (in thousands): Three Months Ended 2017 2016 Net income (loss) $ 2,459 $ (1,990 ) Basic - weighted average shares outstanding 42,977 42,703 Weighted average effect of dilutive potential securities 1,693 — Diluted - weighted average shares outstanding 44,670 42,703 Anti-dilutive securities 4,585 —

Capitalized Software Costs (Tab

Capitalized Software Costs (Tables)	3 Months Ended
	Mar. 31, 2017
Research and Development [Abstract]
Schedule of capitalized software costs	Capitalized software costs, net is comprised of the following (in thousands): March 31, December 31, Capitalized software costs $ 32,710 $ 32,506 Less accumulated amortization (26,699 ) (25,790 ) Capitalized software costs, net $ 6,011 $ 6,716
Schedule of future amortization expense	Future amortization expense of existing capitalized software costs as of March 31, 2017 is expected to be as follows for the years ending December 31, (in thousands): Remainder of 2017 $ 3,436 2018 2,221 2019 347 2020 7 $ 6,011

Share-Based Awards (Tables)

Share-Based Awards (Tables)	3 Months Ended
	Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Share-based Compensation Allocation	Included in the condensed consolidated statements of comprehensive income (loss) are the following amounts of share-based compensation (amounts in thousands): Three Months Ended 2017 2016 Cost of revenue $ 110 $ 504 Research and development 571 1,860 Sales and marketing 135 984 General and administrative 1,544 6,689 $ 2,360 $ 10,037
Schedule of ESPP Weighted-average Assumptions	The fair value of ESPP shares is estimated based on the market price of our Series C common stock at the beginning of each offering period and the Black-Scholes option pricing model with the following assumptions: Volatility 41.5 % Term (in years) 0.5 Risk-free interest rate 0.8 % Dividend yield — %
Schedule of Stock Option Activity	The following table summarizes the share-based award activity of options to purchase shares of our common stock for the three months ended March 31, 2017 : CommerceHub Employee Plans Liberty Employee Plans Omnibus Plan Legacy Plans Transitional Plan Series C Series C Series C Series A Outstanding at January 1, 2017 193,998 5,580,109 1,006,043 329,188 Granted 278,629 — — — Exercised — (55,655 ) (119,028 ) (59,532 ) Forfeited (10,000 ) (46,494 ) (3,558 ) (1,785 ) Outstanding at March 31, 2017 462,627 5,477,960 883,457 267,871 Weighted average exercise price $ 15.61 $ 13.02 $ 9.41 $ 7.90 Weighted average remaining contractual life (in years) 9.8 8.0 4.2 3.7 Aggregate intrinsic value (in thousands) $ 178 $ 16,908 $ 5,409 $ 2,019 Exercisable at March 31, 2017 — 1,261,320 476,669 204,631 Weighted average exercise price N/A $ 3.45 $ 7.23 $ 6.46 Weighted average remaining contractual life (in years) N/A 4.1 3.4 3.0 Aggregate intrinsic value (in thousands) N/A $ 15,236 $ 3,956 $ 1,835
Schedule of RSU Activity	The following table summarizes the share-based award activity of RSUs relating to our Series C common stock granted under the Omnibus Plan for the three months ended March 31, 2017 : Number of Weighted Outstanding at January 1, 2017 505,831 $ 14.35 Granted 168,984 $ 16.30 Vested — $ — Forfeited (6,473 ) $ 14.33 Outstanding at March 31, 2017 668,342 $ 14.85

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of future minimum payments under operating leases	At March 31, 2017 , future minimum payments under operating leases, net of expected lease collections under our sub-lease, were as follows (in thousands): Remainder of 2017 $ 2,144 2018 2,032 2019 1,581 2020 1,563 2021 1,597 $ 8,917

Basis of Presentation (Details)

Basis of Presentation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Usage revenue	$ 15,859	$ 14,296
Subscription revenue	6,897	6,364
Set-up and professional services	1,812	1,430
Total revenue	$ 24,568	$ 22,090
Geographic Concentration Risk | Total revenue
Product Information [Line Items]
Concentration risk, percentage	96.00%	96.00%

Earnings (Loss) Per Share - Add

Earnings (Loss) Per Share - Additional Information (Details) - shares	Jul. 22, 2016	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares outstanding (in shares)	42,702,842		42,702,842
Shares excluded from the earnings (loss) per share calculation (in shares)		4,585,000	0
Common stock issuable to pre-Spin-Off minority shareholders of CTI
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Shares excluded from the earnings (loss) per share calculation (in shares)	109,354
Stock options
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Shares excluded from the earnings (loss) per share calculation (in shares)	7,362,933
Series A
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares outstanding (in shares)	13,522,288		13,522,288
Series B
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares outstanding (in shares)	711,992		711,992
Series C
Earnings Per Share, Diluted, by Common Class, Including Two Class Method [Line Items]
Weighted average number of shares outstanding (in shares)	28,468,562		28,468,562

Earnings (Loss) Per Share - Sch

Earnings (Loss) Per Share - Schedule Of Earnings Per Share (Details) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Earnings Per Share [Abstract]
Net income (loss)	$ 2,459	$ (1,990)
Basic - weighted average shares outstanding (in shares)	42,977	42,703
Weighted average effect of dilutive potential securities (in shares)	1,693	0
Diluted - weighted average shares outstanding (in shares)	44,670	42,703
Anti-dilutive securities (in shares)	4,585	0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2016	Mar. 31, 2016	Mar. 31, 2017	Dec. 31, 2016
Related Party Transaction [Line Items]
Accounts receivable, net of allowances			$ 12,530	$ 18,109
Subsidiary of common parent | QVC
Related Party Transaction [Line Items]
Accounts receivable, net of allowances				$ 784
Subsidiary of common parent | QVC | Total revenue | Customer concentration risk
Related Party Transaction [Line Items]
Concentration risk, percentage		7.00%
Parent | Liberty
Related Party Transaction [Line Items]
Earned interest on promissory note		$ 166
Collection of note receivable - Parent	$ 36,400
Interest paid	$ 2,400
Parent | Liberty | LIBOR
Related Party Transaction [Line Items]
Loans receivable, basis spread on variable rate	1.00%

Capitalized Software Costs - S

Capitalized Software Costs - Summary of Capitalized Software Costs (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Research and Development [Abstract]
Capitalized software costs	$ 32,710	$ 32,506
Less accumulated amortization	(26,699)	(25,790)
Capitalized software costs, net	$ 6,011	$ 6,716

Capitalized Software Costs - Na

Capitalized Software Costs - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Goodwill and Intangible Assets Disclosure [Abstract]
Capitalized software amortization expense	$ 1.3	$ 1.2

Capitalized Software Costs - Fu

Capitalized Software Costs - Future Amortization (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Finite-Lived Intangible Assets [Line Items]
Capitalized software costs, net	$ 6,011	$ 6,716
Capitalized software
Finite-Lived Intangible Assets [Line Items]
Remainder of 2017	3,436
2,018	2,221
2,019	347
2,020	7
Capitalized software costs, net	$ 6,011

Share-Based Awards - Additional

Share-Based Awards - Additional Information (Details) - USD ($)	Jan. 01, 2017	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period		4 years
Share-based compensation		$ 2,360,000	$ 10,037,000
Omnibus Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Increase in shares available for issuance (in shares)	2,146,064
Percentage increase in available shares for issuance	5.00%
Number of shares authorized (in shares)	15,346,064
Omnibus Plan | Series C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average grant date value of options granted (in dollars per share)		$ 7.16
Omnibus Plan | RSUs | Series C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation cost not yet recognized, weighted average remaining vesting period		3 years 6 months 12 days
Compensation not yet recognized, non-options		$ 7,500,000
Employee Stock Purchase Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based compensation		80,000
Omnibus Plan and Legacy Plan | Series C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, options		$ 16,500,000
Compensation cost not yet recognized, weighted average remaining vesting period		3 years 4 months 4 days
Transitional Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, options		$ 0
Transitional Plan | RSUs and RSAs | Common Series A and C
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, non-options		0
Transitional Plan | Options and RSAs | Series B
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Compensation not yet recognized, options		$ 0

Share-Based Awards - Schedule o

Share-Based Awards - Schedule of Share-based Compensation Allocation (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	$ 2,360	$ 10,037
Cost of revenue
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	110	504
Research and development
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	571	1,860
Sales and marketing
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	135	984
General and administrative
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Share-based compensation	$ 1,544	$ 6,689

Share-Based Awards - Schedule33

Share-Based Awards - Schedule of ESPP Pricing Model Assumptions (Details) - Employee Stock Purchase Plan	3 Months Ended
	Mar. 31, 2017
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Volatility	41.50%
Term	6 months
Risk-free interest rate	0.80%
Dividend yield	0.00%

Share-Based Awards - Schedule34

Share-Based Awards - Schedule of Stock Option Activity (Details) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2017USD ($)$ / sharesshares
Omnibus Plan | Series C
Options Outstanding
Outstanding, beginning balance (in shares)	193,998
Grants (in shares)	278,629
Exercised (in shares)	0
Forfeited (in shares)	(10,000)
Outstanding, ending balance (in shares)	462,627
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 15.61
Outstanding, Weighted average remaining contractual life	9 years 9 months
Outstanding, Aggregate intrinsic value | $	$ 178
Exercisable (in shares)	0
Legacy Plans | Series C
Options Outstanding
Outstanding, beginning balance (in shares)	5,580,109
Grants (in shares)	0
Exercised (in shares)	(55,655)
Forfeited (in shares)	(46,494)
Outstanding, ending balance (in shares)	5,477,960
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 13.02
Outstanding, Weighted average remaining contractual life	7 years 11 months 20 days
Outstanding, Aggregate intrinsic value | $	$ 16,908
Exercisable (in shares)	1,261,320
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 3.45
Exercisable, Weighted average remaining contractual life	4 years 1 month 10 days
Exercisable, Aggregate intrinsic value | $	$ 15,236
Transitional Plan | Series C
Options Outstanding
Outstanding, beginning balance (in shares)	1,006,043
Grants (in shares)	0
Exercised (in shares)	(119,028)
Forfeited (in shares)	(3,558)
Outstanding, ending balance (in shares)	883,457
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 9.41
Outstanding, Weighted average remaining contractual life	4 years 2 months
Outstanding, Aggregate intrinsic value | $	$ 5,409
Exercisable (in shares)	476,669
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 7.23
Exercisable, Weighted average remaining contractual life	3 years 5 months
Exercisable, Aggregate intrinsic value | $	$ 3,956
Transitional Plan | Series A
Options Outstanding
Outstanding, beginning balance (in shares)	329,188
Grants (in shares)	0
Exercised (in shares)	(59,532)
Forfeited (in shares)	(1,785)
Outstanding, ending balance (in shares)	267,871
Outstanding, Weighted average exercise price (in dollars per share) | $ / shares	$ 7.90
Outstanding, Weighted average remaining contractual life	3 years 8 months
Outstanding, Aggregate intrinsic value | $	$ 2,019
Exercisable (in shares)	204,631
Exercisable, Weighted average exercise price (in dollars per share) | $ / shares	$ 6.46
Exercisable, Weighted average remaining contractual life	3 years
Exercisable, Aggregate intrinsic value | $	$ 1,835

Share-Based Awards - Schedule35

Share-Based Awards - Schedule of RSU Activity (Details) - Omnibus Plan - RSUs	3 Months Ended
	Mar. 31, 2017$ / sharesshares
Number of awards
Outstanding, beginning balance (in shares) | shares	505,831
Granted (in shares) | shares	168,984
Vested (in shares) | shares	0
Forfeited (in shares) | shares	(6,473)
Outstanding, ending balance (in shares) | shares	668,342
Weighted average grant-date fair value
Outstanding, beginning balance (in dollars per share) | $ / shares	$ 14.35
Granted (in dollars per share) | $ / shares	16.30
Vested (in dollars per share) | $ / shares	0
Forfeited (in dollars per share) | $ / shares	14.33
Outstanding, ending balance (in dollars per share) | $ / shares	$ 14.85

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Mar. 31, 2017	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Effective tax rate	39.00%	30.00%
U.S. Federal income tax rate	35.00%	35.00%

Long-Term Debt (Details)

Long-Term Debt (Details) - Revolving Credit Facility - Credit Agreement, June 2016 - USD ($)	Jun. 28, 2016	Mar. 31, 2017
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 125,000,000
Borrowings outstanding		$ 10,000,000
Letters of credit outstanding		0
Available borrowings under facility		$ 115,000,000
Minimum
Debt Instrument [Line Items]
Commitment fee percentage on unused portion	0.25%
Maximum
Debt Instrument [Line Items]
Commitment fee percentage on unused portion	0.50%
LIBOR
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Base Rate | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	0.75%
Base Rate | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	1.25%
Eurodollar | Minimum
Debt Instrument [Line Items]
Basis spread on variable rate	1.75%
Eurodollar | Maximum
Debt Instrument [Line Items]
Basis spread on variable rate	2.25%

Commitments and Contingencies38

Commitments and Contingencies (Details) - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Deferred rent	$ 1,500	$ 1,100
Remainder of 2017	2,144
2,018	2,032
2,019	1,581
2,020	1,563
2,021	1,597
Future minimum payments due under operating leases	$ 8,917